QUAL'ITALIA
ActiveSummary
QUAL'ITALIA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €353k and a net result of €-83k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▲+4
Solvency41▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 1.23 in 2024; short-term debt: 69.4% and cash: 1.2% of total assets), and 84.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
63 d late
2023
46 d late
2022
23 d late
2021
22 d late
2020
25 d late
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€-83k▲ 23.4%
2024 · €-108k
2018: €16k
2019: €54k▲ +238% vs 2018
2020: €32k▼ -41.4% vs 2019
2021: €28k▼ -13.7% vs 2020
2022: €30k▲ +10.7% vs 2021
2023: €100k▲ +228% vs 2022highest in 8 years
2024: €-108k▼ -208% vs 2023lowest in 8 years
2025: €-83k▲ +23.4% vs 2024
2018 → 2025
Working capital
€363k▼ 4.8%
2024 · €382k
2018: €115klowest in 8 years
2019: €170k▲ +47.4% vs 2018
2020: €166k▼ -2.4% vs 2019
2021: €170k▲ +2.6% vs 2020
2022: €213k▲ +25.6% vs 2021
2023: €387k▲ +81.2% vs 2022highest in 8 years
2024: €382k▼ -1.2% vs 2023
2025: €363k▼ -4.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€310k-€339k▲ 9.5%€438k▲ 29.1%€328k▼ 25.0%€353k▲ 7.6%
2021: €310klowest in 5 years
2022: €339k▲ +9.5% vs 2021
2023: €438k▲ +29.1% vs 2022highest in 5 years
2024: €328k▼ -25.0% vs 2023
2025: €353k▲ +7.6% vs 2024
Operating result€52k-€88k▲ 67.8%€113k▲ 29.4%€-73k€-52k▲ 28.7%
2021: €52k
2022: €88k▲ +67.8% vs 2021
2023: €113k▲ +29.4% vs 2022highest in 5 years
2024: €-73k▼ -165% vs 2023lowest in 5 years
2025: €-52k▲ +28.7% vs 2024
Net result€28k-€30k▲ 10.7%€100k▲ 228%€-108k€-83k▲ 23.4%
2021: €28k
2022: €30k▲ +10.7% vs 2021
2023: €100k▲ +228% vs 2022highest in 5 years
2024: €-108k▼ -208% vs 2023lowest in 5 years
2025: €-83k▲ +23.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52k in 2025 against €73k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.26M
Fixed assets
€328k ▼ 20.4%
Current assets
€1.93M ▼ 4.9%
Equity and liabilities €2.26M
Equity
€353k ▲ 7.6%
Provisions
€6k ▼ 7.1%
Debt
€1.90M ▼ 9.8%
Debt's share of the balance-sheet total falls from 86.3% to 84.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2024 · €11k
Cash flow
€-4k▲
2024 · €-24k
Current ratio
1.23=
2024 · 1.23
Quick ratio
0.93▼
2024 · 1.06
Debt to equity
5.37▼
2024 · 6.41
ROE
-23.4%▲
2024 · -32.9%
ROA
-3.7%▲
2024 · -4.4%
Interest coverage
0.58▲
2024 · 0.22
Debt ≤ 1 year
€1.57M▼
2024 · €1.65M
Debt > 1 year
€332k▼
2024 · €459k
Income taxes
€3k▲
2024 · €303
Staff costs
€441k▲
2024 · €433k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.44M€2.26M▼
Formation expenses20€0-
Fixed assets21/28€412k€328k▼
Tangible fixed assets22/27€410k€326k▼
Land and buildings22€237k€217k▼
Plant, machinery and equipment23€45k€33k▼
Furniture and vehicles24€6k€279▼
Leasing and similar rights25€122k€75k▼
Other tangible fixed assets26€0-
Financial fixed assets28€3k€3k=
Current assets29/58€2.03M€1.93M▼
Stocks and contracts in progress3€275k€466k▲
Stocks30/36€275k€466k▲
Amounts receivable within one year40/41€1.71M€1.43M▼
Trade receivables40€1.68M€1.39M▼
Other amounts receivable41€27k€37k▲
Cash at bank and in hand54/58€43k€27k▼
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€2.44M€2.26M▼
Equity10/15€328k€353k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€291k€317k▲
Investment grants15€17k€15k▼
Provisions and deferred taxes16€6k€6k▼
Deferred taxes168€6k€6k▼
Amounts payable17/49€2.11M€1.90M▼
Amounts payable after more than one year17€459k€332k▼
Financial debts170/4€459k€332k▼
Amounts payable within one year42/48€1.65M€1.57M▼
Current portion of amounts payable after more than one year42€157k€136k▼
Financial debts43€104k€78k▼
Credit institutions430/8€34k€8k▼
Other loans439€70k€70k=
Trade debts44€1.24M€1.23M▼
Suppliers440/4€1.24M€1.23M▼
Taxes, remuneration and social security45€88k€100k▲
Taxes450/3€35k€28k▼
Remuneration and social security454/9€53k€72k▲
Other amounts payable47/48€56k€25k▼
Accrued charges and deferred income492/3€629€642▲
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€433k€441k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€78k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€105k€74k▼
Other operating charges640/8€20k€58k▲
Gross operating margin9900€570k€599k▲
Operating profit (loss)9901€-73k€-52k▲
Financial income75/76B€13k€17k▲
Recurring financial income75€9k€17k▲
Non-recurring financial income76B€4k-
Financial charges65/66B€48k€45k▼
Recurring financial charges65€48k€45k▼
Profit (loss) for the period before taxes9903€-108k€-81k▲
Transfer from deferred taxes780€440€440=
Income taxes67/77€303€3k▲
Profit (loss) for the period9904€-108k€-83k▲
Profit (loss) for the period to be appropriated9905€-108k€-83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€291k€317k▲
Profit (loss) brought forward from the previous period14P€399k€400k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | - | - |
| Non-recurring operating income76A | €2k | - | €88 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | €296k | €300k | €363k | €433k | €441k | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €67k | €56k | €84k | €78k | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-14k | €3k | €126k | €105k | €74k | ▼ 29.3% |
| Other operating charges640/8 | €11k | €16k | €10k | €20k | €58k | ▲ 186% |
| Gross operating margin9900 | €408k | €474k | €668k | €570k | €599k | ▲ 5.2% |
| Operating profit (loss)9901 | €52k | €88k | €113k | €-73k | €-52k | ▲ 28.7% |
| Financial income75/76B | €13k | €12k | €49k | €13k | €17k | ▲ 32.5% |
| Recurring financial income75 | €13k | €12k | €9k | €9k | €17k | ▲ 90.8% |
| Non-recurring financial income76B | - | - | €41k | €4k | - | - |
| Financial charges65/66B | €23k | €50k | €30k | €48k | €45k | ▼ 5.5% |
| Recurring financial charges65 | €23k | €32k | €29k | €48k | €45k | ▼ 5.5% |
| Non-recurring financial charges66B | €150 | €18k | €868 | - | - | - |
| Profit (loss) for the period before taxes9903 | €42k | €50k | €132k | €-108k | €-81k | ▲ 25.6% |
| Transfer from deferred taxes780 | - | €440 | €440 | €440 | €440 | = |
| Income taxes67/77 | €14k | €20k | €33k | €303 | €3k | ▲ 794% |
| Profit (loss) for the period9904 | €28k | €30k | €100k | €-108k | €-83k | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €28k | €30k | €100k | €-108k | €-83k | ▲ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.23M | €1.61M | €2.09M | €2.44M | €2.26M | ▼ 7.5% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €446k | €383k | €489k | €412k | €328k | ▼ 20.4% |
| Tangible fixed assets22/27 | €443k | €376k | €487k | €410k | €326k | ▼ 20.5% |
| Land and buildings22 | €298k | €278k | €257k | €237k | €217k | ▼ 8.6% |
| Plant, machinery and equipment23 | €35k | €23k | €56k | €45k | €33k | ▼ 25.4% |
| Furniture and vehicles24 | €25k | €11k | €5k | €6k | €279 | ▼ 95.6% |
| Leasing and similar rights25 | €86k | €64k | €168k | €122k | €75k | ▼ 38.1% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €3k | €7k | €3k | €3k | €3k | = |
| Current assets29/58 | €782k | €1.23M | €1.60M | €2.03M | €1.93M | ▼ 4.9% |
| Stocks and contracts in progress3 | €183k | €255k | €230k | €275k | €466k | ▲ 69.2% |
| Stocks30/36 | €183k | €255k | €230k | €275k | €466k | ▲ 69.2% |
| Amounts receivable within one year40/41 | €569k | €950k | €1.33M | €1.71M | €1.43M | ▼ 16.4% |
| Trade receivables40 | €558k | €932k | €1.31M | €1.68M | €1.39M | ▼ 17.2% |
| Other amounts receivable41 | €11k | €18k | €22k | €27k | €37k | ▲ 34.1% |
| Cash at bank and in hand54/58 | €30k | €25k | €46k | €43k | €27k | ▼ 36.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €6k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.23M | €1.61M | €2.09M | €2.44M | €2.26M | ▼ 7.5% |
| Equity10/15 | €310k | €339k | €438k | €328k | €353k | ▲ 7.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €269k | €299k | €399k | €291k | €317k | ▲ 9.0% |
| Investment grants15 | €20k | €19k | €18k | €17k | €15k | ▼ 7.1% |
| Provisions and deferred taxes16 | €7k | €7k | €7k | €6k | €6k | ▼ 7.1% |
| Deferred taxes168 | €7k | €7k | €7k | €6k | €6k | ▼ 7.1% |
| Amounts payable17/49 | €911k | €1.27M | €1.65M | €2.11M | €1.90M | ▼ 9.8% |
| Amounts payable after more than one year17 | €298k | €250k | €431k | €459k | €332k | ▼ 27.7% |
| Financial debts170/4 | €298k | €250k | €431k | €459k | €332k | ▼ 27.7% |
| Amounts payable within one year42/48 | €612k | €1.02M | €1.22M | €1.65M | €1.57M | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | €85k | €55k | €109k | €157k | €136k | ▼ 13.9% |
| Financial debts43 | €94k | €111k | €118k | €104k | €78k | ▼ 25.5% |
| Credit institutions430/8 | €24k | €41k | €48k | €34k | €8k | ▼ 77.4% |
| Other loans439 | €70k | €70k | €70k | €70k | €70k | = |
| Trade debts44 | €376k | €750k | €863k | €1.24M | €1.23M | ▼ 1.0% |
| Suppliers440/4 | €376k | €750k | €863k | €1.24M | €1.23M | ▼ 1.0% |
| Taxes, remuneration and social security45 | €53k | €70k | €89k | €88k | €100k | ▲ 13.8% |
| Taxes450/3 | €14k | €32k | €40k | €35k | €28k | ▼ 21.5% |
| Remuneration and social security454/9 | €38k | €38k | €49k | €53k | €72k | ▲ 37.5% |
| Other amounts payable47/48 | €4k | €32k | €36k | €56k | €25k | ▼ 55.7% |
| Accrued charges and deferred income492/3 | €302 | €734 | €639 | €629 | €642 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €30k | €100k | €-108k | €-83k | ▲ 23.4% |
| + Depreciation and write-downs630 | €62k | €67k | €56k | €84k | €78k | ▼ 6.6% |
| Operating cash flow (approximation) | €90k | €98k | €156k | €-24k | €-4k | ▲ 81.9% |
| Investment in fixed assets (approximation) | - | €-5k | €-162k | €-7k | €6k | ▲ 184% |
| Change in cash | - | €-5k | €21k | €-3k | €-16k | ▼ 485% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
31-12
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 46 days late
2023
31-12
Financial
Highest result since 2018net €100k ▲228%
Operating result €113k, net result €100k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 74 days late
2019
31-12
Financial
Equity above €200kEq €252k ▲44%
2 profitable years in a row build equity to €252k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 2008
Ground area
9,595 m²
Building footprint
3,216 m²
Volume, LiDAR
22,646 m³
Parcel 62001B0294/00P002, Wallonia · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
QUAL'ITALIA
since 20082.175.744.642
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0294/00P002 | Wallonia | 9,595 m² | 1 · 3,216 m² | 13.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KATARSIS
BE 0463.689.791
Nazareth-De Pinte · Eq €353k
TERROIRIST
BE 0695.559.284
Brussel · Eq €352k
JANSSENS-DE MAEYER
BE 0423.117.661
Temse · Eq €356k
CARBON FOOD
BE 0730.576.383
Beringen · Eq €359k
IMMO-MEKATRADE
BE 0446.862.964
Anderlecht · Eq €345k
Of 1,423 companies in sector 46389 we hold annual accounts for 853. 582 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
46341Wholesale of wines and spirits
47279Other retail sale of food
Scores and ratios are computed by Checked and are not a credit decision.