QUALIAS
ActiveSummary
QUALIAS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €28k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 23% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+25
Solvency42▲+10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.55 in 2024; short-term debt: 29% and cash: 28.8% of total assets), but 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.7%
Return on assets
4.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
60 d late
2023
41 d early
2022
34 d early
2021
62 d early
2020
23 d early
2019
8 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28k
2024 · €-361k
2018: €3k
2019: €-1k
2020: €4k
2021: €-6k
2022: €-68k
2023: €-25k
2024: €-361k
2018 → 2025
Working capital
€204k▼ 2.2%
2024 · €209k
2018: €256k
2019: €261k
2020: €242k
2021: €266k
2022: €261k
2023: €43k
2024: €209k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€260k-€301k▲ 15.8%€275k▼ 8.3%€73k▼ 73.4%€101k▲ 38.1%
Operating result€28k-€-88k€-49k▲ 44.5%€-19k▲ 61.7%€25k
Net result€-6k-€-68k▼ 1,135%€-25k▲ 63.2%€-361k▼ 1,339%€28k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €608k
Fixed assets
€227k ▼ 65.8%
Current assets
€381k ▲ 10.9%
Equity and liabilities €608k
Equity
€101k ▲ 38.1%
Debt
€506k ▼ 45.8%
Debt's share of the balance-sheet total falls from 92.7% to 83.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2024 · €29k
Cash flow
€95k▲
2024 · €-313k
Current ratio
2.16▼
2024 · 2.55
Quick ratio
1.89▼
2024 · 2.16
Debt to equity
5.00▼
2024 · 12.73
ROE
27.6%▲
2024 · -491.5%
ROA
4.6%▲
2024 · -35.8%
Interest coverage
63.42▲
2024 · 6.51
Debt ≤ 1 year
€176k▲
2024 · €134k
Debt > 1 year
€300k▼
2024 · €800k
Income taxes
€214▼
2024 · €5k
Staff costs
€190k▲
2024 · €26k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€608k▼
Fixed assets21/28€665k€227k▼
Intangible fixed assets21€163k€225k▲
Tangible fixed assets22/27€1k€2k▲
Furniture and vehicles24€1k€115▼
Other tangible fixed assets26-€2k
Financial fixed assets28€500k€205▼
Current assets29/58€343k€381k▲
Stocks and contracts in progress3€53k€48k▼
Stocks30/36€53k€48k▼
Amounts receivable within one year40/41€278k€155k▼
Trade receivables40€177k€155k▼
Other amounts receivable41€100k€16▼
Current investments50/53€4k€2k▼
Cash at bank and in hand54/58€9k€175k▲
Deferred charges and accrued income490/1-€869
Equity and liabilities
Total equity and liabilities10/49€1.01M€608k▼
Equity10/15€73k€101k▲
Contributions10/11€475k€475k=
Reserves13€21k€21k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-423k€-395k▲
Amounts payable17/49€934k€506k▼
Amounts payable after more than one year17€800k€300k▼
Other amounts payable178/9€800k€300k▼
Amounts payable within one year42/48€134k€176k▲
Trade debts44€104k€102k▼
Suppliers440/4€104k€102k▼
Taxes, remuneration and social security45€30k€74k▲
Taxes450/3€25k€44k▲
Remuneration and social security454/9€5k€30k▲
Other amounts payable47/48€993-
Accrued charges and deferred income492/3-€30k
Income statement
Code20242025
Remuneration, social security and pensions62€26k€190k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€67k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€17k
Other operating charges640/8€2k€5k▲
Gross operating margin9900€58k€304k▲
Operating profit (loss)9901€-19k€25k▲
Financial income75/76B€18k€504k▲
Recurring financial income75€18k€4k▼
Non-recurring financial income76B-€500k
Financial charges65/66B€354k€501k▲
Recurring financial charges65€4k€1k▼
Non-recurring financial charges66B€350k€500k▲
Profit (loss) for the period before taxes9903€-355k€28k▲
Income taxes67/77€5k€214▼
Profit (loss) for the period9904€-361k€28k▲
Profit (loss) for the period to be appropriated9905€-361k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-423k€-395k▲
Profit (loss) brought forward from the previous period14P€-62k€-423k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
07-08
State Gazette act
Resignations: Alexandre Verhamme (fne) and Sophie Beeckman (délégation à la gestion journalière)Appointments: Valérie Notelaers (fne) and Nicolas Thielen (daily management delegate)5 facts ▸
State Gazette act
Resignations: Alexandre Verhamme (fne) and Sophie Beeckman (délégation à la gestion journalière)
Appointments: Valérie Notelaers (fne) and Nicolas Thielen (daily management delegate)5 facts ▸
- Board meeting, 17/06/2026
- Director resignation, Alexandre Verhamme (fne)
- Director resignation, Sophie Beeckman (délégation à la gestion journalière)
- Director appointment, Valérie Notelaers (fne)
- Director appointment, Nicolas Thielen (daily management delegate)
2025
31-12
Financial
Back to profitnet €28k
Net result €28k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €101k ▲38.1%
Equity rises from €73k to €101k.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-361k
Net result drops to €-361k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.09 to 2.55; short-term debt falls from €466k to €134k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Nicolas Thielen
CurrentDaily management delegate · since 11-06-2026
Valérie NOTELAERS
CurrentFne · since 01-01-2026
11-06-2026
Nicolas Thielen: Appointed as Daily management delegate
11-06-2026
Sophie Beeckman: Resigned as Délégation à la gestion journalière
01-01-2026
Valérie NOTELAERS: Appointed as Fne
01-01-2026
VERHAMME Alexandre: Resigned as Fne
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Fernelmont(CH) 425020 NamurGround area
1.6 ha
Building footprint
850 m²
Parcel 92024D0374/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
QUALIAS - Centrale d'achats
since 20142.228.500.665
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92024D0374/00G000 | Wallonia | 1.6 ha | 1 · 850 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
11 connected companiesLinked via shared directors
via Valérie NOTELAERS · Director
→
via Valérie NOTELAERS · Chair
→
via Valérie NOTELAERS · Director
→
via Valérie NOTELAERS · Director
→
Show 7 more companies with a shared director
via Valérie NOTELAERS · Déléguée à la gestion de l'emploi
→
via Valérie NOTELAERS · Director
→
via Valérie NOTELAERS · Independent director
former→
via Valérie NOTELAERS · Director
former→
via Valérie NOTELAERS · Director
former→
via Valérie NOTELAERS · Director
former→
via Valérie NOTELAERS · Director
former→
Similar companies · same sector, comparable size
JANZ LAB
BE 0794.245.896
Vorst · Eq €101,099
JOERNS BE
BE 0644.829.175
Avelgem · Eq €101,951
ZENIM
BE 0825.646.875
Tenneville · Eq €102,275
ENDOVISION
BE 0444.953.351
Holsbeek · Eq €102,431
HCPS
BE 0606.991.851
Antwerpen · Eq €102,554
Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 618 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded28-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
70100Activities of head offices
77225Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.