QUALIMANDJARO
ActiveQUALIMANDJARO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143k and a net result of €30k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 25% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+8
Solvency40▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.85 in 2024; short-term debt: 68.6% and cash: 9.1% of total assets), and 84.6% 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 47
Relative position
BE, all sectors
reference
Sector 47
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
15.4%
Return on assets
3.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €143k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
20 d late
2023
2 d early
2022
32 d late
2021
31 d late
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€143k▲ 26.4%
2024 · €113k
2018: €162k
2019: €120k
2020: €106k
2021: €73k
2022: €82k
2023: €95k
2024: €113k
2018 → 2025
Total assets
€932k▼ 8.7%
2024 · €1.02M
2018: €946k
2019: €992k
2020: €920k
2021: €1.09M
2022: €1.05M
2023: €1.04M
2024: €1.02M
2018 → 2025
Net result
€30k▲ 65.9%
2024 · €18k
2018: €-17k
2019: €-42k
2020: €-14k
2021: €-34k
2022: €9k
2023: €14k
2024: €18k
2018 → 2025
Working capital
€-121k▼ 17.7%
2024 · €-103k
2018: €-31k
2019: €-91k
2020: €-117k
2021: €-130k
2022: €-146k
2023: €-81k
2024: €-103k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€82k▲ 13.0%€95k▲ 16.5%€113k▲ 18.9%€143k▲ 26.4%
Operating result€-18k-€22k€48k▲ 117%€55k▲ 16.2%€70k▲ 27.5%
Net result€-34k-€9k€14k▲ 43.4%€18k▲ 33.4%€30k▲ 65.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €930k
Fixed assets
€412k▼ 7.4%
Current assets
€518k▼ 8.7%
Equity and liabilities €932k
Equity
€143k▲ 26.4%
Debt
€789k▼ 13.1%
The debt ratio falls from 88.9% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▲
2024 · €131k
Cash flow
€120k▲
2024 · €94k
Solvency
15.4%▲
2024 · 11.1%
Current ratio
0.81▼
2024 · 0.85
Quick ratio
0.29▲
2024 · 0.28
Debt / equity
5.50▼
2024 · 8.00
ROE
20.9%▲
2024 · 15.9%
ROA
3.2%▲
2024 · 1.8%
Interest coverage
4.20▲
2024 · 3.47
Debt
€789k▼
2024 · €907k
Debt ≤ 1 year
€639k▼
2024 · €671k
Debt > 1 year
€145k▼
2024 · €236k
Income taxes
€10k▲
2024 · €6k
Staff costs
€110k▲
2024 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.02M€932k▼
Formation expenses20€8k€2k▼
Fixed assets21/28€445k€412k▼
Tangible fixed assets22/27€445k€412k▼
Land and buildings22€295k€282k▼
Plant, machinery and equipment23€103k€83k▼
Furniture and vehicles24€43k€47k▲
Leasing and similar rights25€3k-
Financial fixed assets28€58€58=
Current assets29/58€568k€518k▼
Stocks and contracts in progress3€378k€334k▼
Stocks30/36€378k€334k▼
Amounts receivable within one year40/41€86k€99k▲
Trade receivables40€86k€99k▲
Other amounts receivable41€51€51=
Current investments50/53€112€112▲
Cash at bank and in hand54/58€103k€84k▼
Equity and liabilities
Total equity and liabilities10/49€1.02M€932k▼
Equity10/15€113k€143k▲
Contributions10/11€74k€74k=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€32k€62k▲
Amounts payable17/49€907k€789k▼
Amounts payable after more than one year17€236k€145k▼
Financial debts170/4€236k€145k▼
Amounts payable within one year42/48€671k€639k▼
Current portion of amounts payable after more than one year42€136k€111k▼
Financial debts43€425k€425k=
Credit institutions430/8€425k€425k=
Trade debts44€74k€66k▼
Suppliers440/4€74k€66k▼
Advances received on contracts in progress46€623€223▼
Taxes, remuneration and social security45€34k€36k▲
Taxes450/3€22k€26k▲
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€836€443▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Non-recurring operating income76A-€234
Remuneration, social security and pensions62€104k€110k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€90k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€19k
Other operating charges640/8€9k€9k▼
Gross operating margin9900€245k€299k▲
Operating profit (loss)9901€55k€70k▲
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€38k€39k▲
Recurring financial charges65€38k€38k▲
Non-recurring financial charges66B-€250
Profit (loss) for the period before taxes9903€24k€40k▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€18k€30k▲
Profit (loss) for the period to be appropriated9905€18k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€62k▲
Profit (loss) brought forward from the previous period14P€14k€32k▲
Social balance
Average headcount (FTE)90871.61.6=
The notes to these accounts (13 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Highest result since 2018net €30k ▲65.9%
Operating result €70k, net result €30k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
31-12
Financial
Equity above €100kEq €113k ▲18.9%
3 profitable years in a row build equity to €113k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hamme (Vl.) · 1 establishment unit since 1995
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.
Zonneke 69220 Hamme (Vl.)Ground area
3,173 m²
Building footprint
876 m²
Volume, LiDAR
5,884 m³
Parcel 42452C0157/00C000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zonneke 6, 9220 Hamme (Vl.)
since 19952.071.735.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0157/00C000 | Flanders | 3,173 m² | 1 · 876 m² | 7.9 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 420 EUR awarded · 420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 420 EUR | 420 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 345 companies in sector 47812 we hold annual accounts for 205. 135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-1995
Fiscal year end31-12
Activities, NACEBEL
47812Retail trade
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
52498
47789Other retail sale of new goods
71340
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:info@qualimandjaro.be
Phone:0478/44.39.04
Phone:052/48.12.50
Fax:052/47.03.62