QUALIDES
Open bankruptcyFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486294.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 20 filings
Turnover
≈ €77,000
Estimated: probably between €47,000 and €110,000
Total assets
€160,930▲ 46.9%
2024 · €109,575
Net result
€22,720▼ 4.8%
2024 · €23,862
Working capital
€65,794▲ 52.7%
2024 · €43,073
Trend over the years
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is 2% higher than in 2024 and the highest since 2020.
Operating result€29,458
2025
Net result€22,720
2025
Total assets€160,930
2025
Equity€65,794
2025
Debt€95,137
2025
Working capital€65,794
2025
Return on assets (ROA)14.1%
2025
Solvency40.9%
2025
Current ratio1.69
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220242025
Operating result€45,421-€8,187▼ 82.0%€10,968▲ 34.0%-€17,208€3,441€28,762-€29,458▲ 2.4%
Net result€45,121-€8,238▼ 81.7%€9,933within the sector's middle half▲ 20.6%-€15,781below the sector's middle half€4,938within the sector's middle half€23,862within the sector's middle half-€22,720within the sector's middle half▼ 4.8%
Equity€10,933-€19,171▲ 75.3%€29,104below the sector's middle half▲ 51.8%€13,324below the sector's middle half▼ 54.2%€18,262below the sector's middle half▲ 37.1%€43,073below the sector's middle half-€65,794below the sector's middle half▲ 52.7%
Total assets€10,933-€26,253▲ 140%€51,657below the sector's middle half▲ 96.8%€63,936below the sector's middle half▲ 23.8%€70,199below the sector's middle half▲ 9.8%€109,575below the sector's middle half-€160,930below the sector's middle half▲ 46.9%
Debt€7,082€22,553▲ 218%€50,612▲ 124%€51,937▲ 2.6%€66,502-€95,137▲ 43.1%
Working capital€19,171€29,104within the sector's middle half▲ 51.8%€13,324within the sector's middle half▼ 54.2%€18,262within the sector's middle half▲ 37.1%€43,073within the sector's middle half-€65,794within the sector's middle half▲ 52.7%
Solvency100.0%-73.0%▼ 27.0pp56.3%within the sector's middle half▼ 16.7pp20.8%below the sector's middle half▼ 35.5pp26.0%within the sector's middle half▲ 5.2pp39.3%within the sector's middle half-40.9%within the sector's middle half▲ 1.6pp
Current ratio3.712.29within the sector's middle half▼ 1.421.26within the sector's middle half▼ 1.031.35within the sector's middle half▲ 0.091.65within the sector's middle half-1.69within the sector's middle half▲ 0.04
Return on assets (ROA)412.7%-31.4%▼ 381.3pp19.2%above the sector's middle half▼ 12.1pp-24.7%below the sector's middle half▼ 43.9pp7.0%within the sector's middle half▲ 31.7pp21.8%above the sector's middle half-14.1%within the sector's middle half▼ 7.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €160,930
Equity
€65,794 ▲ 52.7%
Debt
€95,137 ▲ 43.1%
Debt's share of the balance-sheet total falls from 60.7% to 59.1%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.45▼
2024 · 1.54
ROE
34.5%▼
2024 · 55.4%
Debt ≤ 1 year
€95,137▲
2024 · €66,502
Income taxes
€9,603▲
2024 · €5,852
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €59 | €6,500 | €249 | €440 | ▲ 76.9% |
| Gross operating margin9900 | €45,421 | €8,187 | €10,968 | -€17,149 | €9,941 | €29,011 | €29,898 | ▲ 3.1% |
| Operating profit (loss)9901 | €45,421 | €8,187 | €10,968 | -€17,208 | €3,441 | €28,762 | €29,458 | ▲ 2.4% |
| Financial income75/76B | - | - | - | €1,645 | €1,666 | €2,014 | €3,262 | ▲ 62.0% |
| Recurring financial income75 | - | €589 | €1,875 | €1,645 | €1,666 | €2,014 | €3,262 | ▲ 62.0% |
| Financial charges65/66B | - | - | - | €217 | €169 | €1,062 | €397 | ▼ 62.6% |
| Recurring financial charges65 | €300 | €321 | €56 | €217 | €169 | €1,062 | €397 | ▼ 62.6% |
| Profit (loss) for the period before taxes9903 | €45,121 | €8,455 | €12,787 | -€15,781 | €4,938 | €29,714 | €32,324 | ▲ 8.8% |
| Income taxes67/77 | - | €217 | €2,854 | - | - | €5,852 | €9,603 | ▲ 64.1% |
| Profit (loss) for the period9904 | €45,121 | €8,238 | €9,933 | -€15,781 | €4,938 | €23,862 | €22,720 | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €45,121 | €8,238 | €9,933 | -€15,781 | €4,938 | €23,862 | €22,720 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €10,933 | €26,253 | €51,657 | €63,936 | €70,199 | €109,575 | €160,930 | ▲ 46.9% |
| Current assets29/58 | €10,933 | €26,253 | €51,657 | €63,936 | €70,199 | €109,575 | €160,930 | ▲ 46.9% |
| Amounts receivable within one year40/41 | €1,279 | €25,764 | €45,395 | €63,842 | €65,835 | €106,545 | €158,635 | ▲ 48.9% |
| Trade receivables40 | - | - | - | €34,855 | €40,811 | €29,789 | €40,905 | ▲ 37.3% |
| Other amounts receivable41 | - | - | - | €28,987 | €25,024 | €76,756 | €117,730 | ▲ 53.4% |
| Cash at bank and in hand54/58 | €9,655 | €489 | €6,262 | €93 | €4,363 | €3,030 | €2,295 | ▼ 24.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €10,933 | €26,253 | €51,657 | €63,936 | €70,199 | €109,575 | €160,930 | ▲ 46.9% |
| Equity10/15 | €10,933 | €19,171 | €29,104 | €13,324 | €18,262 | €43,073 | €65,794 | ▲ 52.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€9,527 | -€1,289 | €8,644 | -€7,136 | -€2,198 | €22,613 | €45,334 | ▲ 100% |
| Amounts payable17/49 | - | €7,082 | €22,553 | €50,612 | €51,937 | €66,502 | €95,137 | ▲ 43.1% |
| Amounts payable within one year42/48 | - | €7,082 | €22,553 | €50,612 | €51,937 | €66,502 | €95,137 | ▲ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €2,544 | €2,410 | ▼ 5.3% |
| Trade debts44 | - | €6,390 | €19,007 | €47,758 | €48,173 | €58,028 | €63,203 | ▲ 8.9% |
| Suppliers440/4 | - | - | - | €47,758 | €48,173 | €58,028 | €63,203 | ▲ 8.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €10,567 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,854 | €3,764 | €5,930 | €18,956 | ▲ 220% |
| Taxes450/3 | - | - | - | €2,854 | €3,764 | €5,930 | €15,455 | ▲ 161% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €3,501 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,121 | €8,238 | €9,933 | -€15,781 | €4,938 | €23,862 | €22,720 | ▼ 4.8% |
| Operating cash flow (approximation) | €45,121 | €8,238 | €9,933 | -€15,781 | €4,938 | €23,862 | €22,720 | ▼ 4.8% |
| Change in cash | - | -€9,166 | €5,773 | -€6,169 | €4,270 | - | -€735 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00486294 | |
| 31-12-2024 | abbreviated format | 31-08-2025 | 2025-00484569 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00433293 | |
| 31-12-2021 | abbreviated format | 12-08-2022 | 2022-20287578 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59300450 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48600407 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-61000090 | |
| 31-12-2017 | micro format | 01-06-2018 | 2018-15200220 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-24200005 | |
| 31-12-2015 | abbreviated format | 09-06-2016 | 2016-17200062 |