QUALIBO
ActiveSummary
QUALIBO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,583 and a net result of -€1,869. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+29
Solvency26=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,869
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14220 sector peers (2025).
NBB · sector comparisonPosition among 14220 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
4 d early
2022
17 d early
2021
30 d early
2020
21 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€9,583▼ 16.3%
2024 · €11,452
Total assets
€1.3m▼ 26.0%
2024 · €1.8m
Net result
-€1,869▲ 99.2%
2024 · -€233,345
Working capital
€403,277▼ 38.2%
2024 · €652,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€183,703▲ 84.2%€14,227▼ 92.3%€53,276▲ 274%-€199,098€13,071
Net result€147,589above the sector's middle half▲ 237%-€7,212within the sector's middle half€16,440within the sector's middle half-€233,345below the sector's middle half-€1,869within the sector's middle half▲ 99.2%
Equity€235,569within the sector's middle half▲ 168%€228,357within the sector's middle half▼ 3.1%€244,797within the sector's middle half▲ 7.2%€11,452below the sector's middle half▼ 95.3%€9,583within the sector's middle half▼ 16.3%
Total assets€1.2mwithin the sector's middle half▼ 44.8%€1.7mwithin the sector's middle half▲ 39.8%€891,833within the sector's middle half▼ 47.8%€1.8mwithin the sector's middle half▲ 104%€1.3mabove the sector's middle half▼ 26.0%
Debt€986,839▼ 53.6%€1.5m▲ 50.0%€647,036▼ 56.3%€1.8m▲ 179%€1.3m▼ 26.1%
Working capital€592,165▲ 107%€515,182▼ 13.0%€678,860▲ 31.8%€652,742▼ 3.8%€403,277▼ 38.2%
Solvency19.3%within the sector's middle half▲ 15.3pp13.4%within the sector's middle half▼ 5.9pp27.4%within the sector's middle half▲ 14.1pp0.6%below the sector's middle half▼ 26.8pp0.7%below the sector's middle half▲ 0.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +99% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,071 after a loss of €199,098 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€16,485 ▼ 47.7%
Current assets
€1.3m ▼ 25.6%
Equity and liabilities €1.3m
Equity
€9,583 ▼ 16.3%
Debt
€1.3m ▼ 26.1%
Debt's share of the balance-sheet total falls from 99.4% to 99.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23,305▲
2024 · -€185,241
Cash flow
€8,365▲
2024 · -€219,488
Current ratio
1.44▼
2024 · 1.58
Quick ratio
0.13▼
2024 · 0.45
ROE
-19.5%
ROA
-0.1%▲
2024 · -12.8%
Interest coverage
1.56▲
2024 · -5.38
Debt ≤ 1 year
€924,505▼
2024 · €1.1m
Debt > 1 year
€410,000▼
2024 · €610,000
Income taxes
€0▼
2024 · €504
A ratio outside any meaningful range has been withheld (balance sheet total €1.3m, equity €9,583).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 912 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,462 | €5,733 | €10,786 | €13,857 | €10,234 | ▼ 26.1% |
| Other operating charges640/8 | - | €391 | €3,778 | €228 | €135 | ▼ 40.9% |
| Non-recurring operating charges66A | - | - | - | - | €643 | - |
| Gross operating margin9900 | €186,226 | €20,351 | €67,840 | -€185,013 | €24,083 | ▲ 113% |
| Operating profit (loss)9901 | €183,703 | €14,227 | €53,276 | -€199,098 | €13,071 | ▲ 107% |
| Financial income75/76B | - | €2,201 | €2,110 | €700 | €13 | ▼ 98.2% |
| Recurring financial income75 | €2,051 | €2,201 | €2,110 | €700 | €13 | ▼ 98.2% |
| Financial charges65/66B | - | €23,071 | €32,411 | €34,444 | €14,952 | ▼ 56.6% |
| Recurring financial charges65 | €26,035 | €23,071 | €32,411 | €34,444 | €14,952 | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | €159,719 | -€6,642 | €22,976 | -€232,841 | -€1,869 | ▲ 99.2% |
| Income taxes67/77 | €12,130 | €570 | €6,535 | €504 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €147,589 | -€7,212 | €16,440 | -€233,345 | -€1,869 | ▲ 99.2% |
| Profit (loss) for the period to be appropriated9905 | €147,589 | -€7,212 | €16,440 | -€233,345 | -€1,869 | ▲ 99.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.7m | €891,833 | €1.8m | €1.3m | ▼ 26.0% |
| Fixed assets21/28 | €2,626 | €48,064 | €37,278 | €31,495 | €16,485 | ▼ 47.7% |
| Tangible fixed assets22/27 | €1,924 | €47,362 | €36,576 | €30,793 | €15,783 | ▼ 48.7% |
| Plant, machinery and equipment23 | - | €22,552 | €17,452 | €12,352 | €7,252 | ▼ 41.3% |
| Furniture and vehicles24 | - | €24,811 | €19,125 | €18,441 | €8,531 | ▼ 53.7% |
| Financial fixed assets28 | €702 | €702 | €702 | €702 | €702 | = |
| Current assets29/58 | €1.2m | €1.7m | €854,554 | €1.8m | €1.3m | ▼ 25.6% |
| Stocks and contracts in progress3 | €531,323 | €1.1m | €388,271 | €1.3m | €1.2m | ▼ 5.2% |
| Stocks30/36 | - | €1.1m | €388,271 | €1.3m | €1.2m | ▼ 5.2% |
| Amounts receivable within one year40/41 | €41,415 | €126,726 | €180,582 | €327,666 | €5,718 | ▼ 98.3% |
| Trade receivables40 | - | €33,621 | €0 | €318,120 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €93,105 | €180,582 | €9,546 | €5,718 | ▼ 40.1% |
| Cash at bank and in hand54/58 | €641,488 | €460,203 | €284,896 | €137,060 | €105,198 | ▼ 23.2% |
| Deferred charges and accrued income490/1 | - | €4,713 | €805 | €49,000 | €11,408 | ▼ 76.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.7m | €891,833 | €1.8m | €1.3m | ▼ 26.0% |
| Equity10/15 | €235,569 | €228,357 | €244,797 | €11,452 | €9,583 | ▼ 16.3% |
| Contributions10/11 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €175,569 | €175,569 | €184,797 | €184,797 | €184,797 | = |
| Non-distributable reserves130/1 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves not available under the articles1311 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Distributable reserves133 | - | €169,569 | €178,797 | €178,797 | €178,797 | = |
| Profit (loss) carried forward14 | -€169,723 | -€7,212 | €0 | -€233,345 | -€235,214 | ▼ 0.8% |
| Amounts payable17/49 | €986,839 | €1.5m | €647,036 | €1.8m | €1.3m | ▼ 26.1% |
| Amounts payable after more than one year17 | €300,000 | €319,600 | €405,261 | €610,000 | €410,000 | ▼ 32.8% |
| Financial debts170/4 | - | €319,600 | €405,261 | €610,000 | €410,000 | ▼ 32.8% |
| Amounts payable within one year42/48 | €627,617 | €1.1m | €175,694 | €1.1m | €924,505 | ▼ 18.4% |
| Current portion of amounts payable after more than one year42 | - | €19,305 | €14,340 | €5,261 | €0 | ▼ 100% |
| Financial debts43 | - | €762,868 | €75,239 | €1.0m | €750,000 | ▼ 26.2% |
| Credit institutions430/8 | - | - | €75,239 | €5,885 | €0 | ▼ 100% |
| Other loans439 | - | €762,868 | €0 | €1.0m | €750,000 | ▼ 25.8% |
| Trade debts44 | €13,315 | €146,407 | €62,030 | €37,722 | €8,407 | ▼ 77.7% |
| Suppliers440/4 | - | €146,407 | €62,030 | €37,722 | €8,407 | ▼ 77.7% |
| Advances received on contracts in progress46 | - | €142,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €570 | €3,450 | €51,894 | €7,800 | ▼ 85.0% |
| Taxes450/3 | - | €570 | €3,450 | €51,894 | €7,800 | ▼ 85.0% |
| Other amounts payable47/48 | - | €74,005 | €20,635 | €20,554 | €158,297 | ▲ 670% |
| Accrued charges and deferred income492/3 | - | €15,290 | €66,081 | €62,785 | €180 | ▼ 99.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,589 | -€7,212 | €16,440 | -€233,345 | -€1,869 | ▲ 99.2% |
| + Depreciation and write-downs630 | €2,462 | €5,733 | €10,786 | €13,857 | €10,234 | ▼ 26.1% |
| Operating cash flow (approximation) | €150,050 | -€1,480 | €27,226 | -€219,488 | €8,365 | ▲ 104% |
| Investment in fixed assets (approximation) | - | -€51,171 | €0 | -€8,073 | €4,775 | ▲ 159% |
| Change in cash | - | -€181,285 | -€175,307 | -€147,836 | -€31,862 | ▲ 78.4% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€233,345
Net result drops to -€233,345, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €16,440
Net result €16,440 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 4.86
Current ratio from 1.45 to 4.86; short-term debt falls from €1.1m to €175,694.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €147,589 ▲237%
Operating result €183,703, net result €147,589, both a record.
30-09
Financial
Equity above €200,000Eq €235,569 ▲168%
3 profitable years in a row build equity to €235,569.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-09
Financial
Back to profitnet €13,746
Net result €13,746 after one loss-making year.
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Maasmechelen · 1 establishment unit since 2012
Ground area
1,014 m²
Building footprint
220 m²
Volume, LiDAR
1,198 m³
Parcel 73048C0720/00C002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Qualibo
since 20122.213.115.673
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048C0720/00C002 | Flanders | 1,014 m² | 1 · 220 m² | 10.2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 167 EUR awarded · 167 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 167 EUR | 167 EUR |
Similar companies · same sector, comparable size
GESTION B. GRIGNARD
BE 0864.196.160
Verviers · Eq €9,582
Verde Construct
BE 0789.943.155
Kortrijk · Eq €9,566
PK CONSTRUCT
BE 0804.666.171
Oudsbergen · Eq €9,559
Vega Projects
BE 0769.908.301
Houthalen-Helchteren · Eq €9,607
WIRO
BE 0469.522.659
Aalst · Eq €9,619
Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,039 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
Founded04-06-2012
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
70200Business and other management consultancy
Contact
E-mail
info@qualibo.comMaasmechelen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846310152
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.