Summary
QUALINCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €143,195 and a net result of €36,405. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 91% of 276 sector peers (NACE 64, financial year 2026). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€148,346total assets 2026
- Equity
- €143,195
- Profit
- €36,405
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2026 accounts 33 days early3 deeds in the Belgian Official Gazette
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
33 days early
2025
24 days early
2024
36 days early
2023
5 days early
2022
25 days early
2021
51 days early
2020
30 days 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 29 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 6 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · micro…
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than doubledcurrent ratio 37.15
Financials · financial year 2026, micro format
Equity
€143,195▼ 14.2%
2025 · €166,921
Net result
€36,405▼ 4.0%
2025 · €37,909
Total assets
€148,346▼ 13.5%
2025 · €171,465
Solvency
96.5%▼ 0.8pp
2025 · 97.3%
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result has fallen two years in a row; 2026 is 4% below 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€45,978
2026
Net result€36,405
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€148,346
2026
Equity€143,195
2026
Debt€5,151
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€142,595
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)24.5%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency96.5%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio28.68
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€10,144-€13,532▲ 33.4%€13,236▼ 2.2%€20,012▲ 51.2%€58,978▲ 195%€64,912▲ 10.1%€47,707▼ 26.5%€45,978▼ 3.6%
Net result€9,687-€15,771▲ 62.8%€9,556within the sector's middle half▼ 39.4%€14,873within the sector's middle half▲ 55.6%€41,790within the sector's middle half▲ 181%€46,399within the sector's middle half▲ 11.0%€37,909within the sector's middle half▼ 18.3%€36,405▼ 4.0%
Equity€67,623-€83,394▲ 23.3%€92,950within the sector's middle half▲ 11.5%€107,823within the sector's middle half▲ 16.0%€149,613within the sector's middle half▲ 38.8%€196,012within the sector's middle half▲ 31.0%€166,921within the sector's middle half▼ 14.8%€143,195▼ 14.2%
Total assets€72,597-€101,503▲ 39.8%€106,290below the sector's middle half▲ 4.7%€121,609below the sector's middle half▲ 14.4%€174,565within the sector's middle half▲ 43.5%€211,719within the sector's middle half▲ 21.3%€171,465within the sector's middle half▼ 19.0%€148,346▼ 13.5%
Debt€4,974-€18,110▲ 264%€13,340▼ 26.3%€13,786▲ 3.3%€24,951▲ 81.0%€15,707▼ 37.1%€4,544▼ 71.1%€5,151▲ 13.4%
Working capital€60,174-€67,208▲ 11.7%€83,677within the sector's middle half▲ 24.5%€101,289within the sector's middle half▲ 21.0%€149,312within the sector's middle half▲ 47.4%€196,285above the sector's middle half▲ 31.5%€164,249above the sector's middle half▼ 16.3%€142,595▼ 13.2%
Solvency93.1%-82.2%▼ 11.0pp87.4%above the sector's middle half▲ 5.3pp88.7%above the sector's middle half▲ 1.2pp85.7%above the sector's middle half▼ 3.0pp92.6%above the sector's middle half▲ 6.9pp97.3%above the sector's middle half▲ 4.8pp96.5%▼ 0.8pp
Current ratio13.92-4.78▼ 9.149.30above the sector's middle half▲ 4.529.61above the sector's middle half▲ 0.317.06above the sector's middle half▼ 2.5514.23above the sector's middle half▲ 7.1837.15above the sector's middle half▲ 22.9228.68▼ 8.46
Return on assets (ROA)13.3%-15.5%▲ 2.2pp9.0%within the sector's middle half▼ 6.5pp12.2%within the sector's middle half▲ 3.2pp23.9%within the sector's middle half▲ 11.7pp21.9%within the sector's middle half▼ 2.0pp22.1%within the sector's middle half▲ 0.2pp24.5%▲ 2.4pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €148,346
Fixed assets
€600 ▼ 77.5%
Current assets
€147,746 ▼ 12.5%
Equity and liabilities €148,346
Equity
€143,195 ▼ 14.2%
Debt
€5,151 ▲ 13.4%
Debt's share of the balance-sheet total rises from 2.7% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
25.4%▲
2025 · 22.7%
Debt ≤ 1 year
€5,151▲
2025 · €4,544
Income taxes
€9,522▼
2025 · €9,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,135 | €0 | - | €12,728 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,165 | €3,978 | €3,978 | €3,978 | €0 | - | €405 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €259 | €279 | €630 | €609 | €622 | ▲ 2.1% |
| Gross operating margin9900 | €17,541 | €17,897 | €17,310 | €24,249 | €59,257 | €65,542 | €48,721 | €46,599 | ▼ 4.4% |
| Operating profit (loss)9901 | €10,144 | €13,532 | €13,236 | €20,012 | €58,978 | €64,912 | €47,707 | €45,978 | ▼ 3.6% |
| Financial income75/76B | - | - | - | €2 | €0 | - | €348 | €133 | ▼ 61.8% |
| Recurring financial income75 | - | - | - | €2 | €0 | - | €348 | €133 | ▼ 61.8% |
| Financial charges65/66B | - | - | - | €787 | €549 | €259 | €201 | €183 | ▼ 8.8% |
| Recurring financial charges65 | €143 | €595 | €988 | €787 | €549 | €259 | €201 | €183 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €10,001 | €20,649 | €12,247 | €19,226 | €58,429 | €64,653 | €47,854 | €45,927 | ▼ 4.0% |
| Income taxes67/77 | €314 | €4,878 | €2,691 | €4,353 | €16,638 | €18,254 | €9,945 | €9,522 | ▼ 4.3% |
| Profit (loss) for the period9904 | €9,687 | €15,771 | €9,556 | €14,873 | €41,790 | €46,399 | €37,909 | €36,405 | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €9,687 | €15,771 | €9,556 | €14,873 | €41,790 | €46,399 | €37,909 | €36,405 | ▼ 4.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €72,597 | €101,503 | €106,290 | €121,609 | €174,565 | €211,719 | €171,465 | €148,346 | ▼ 13.5% |
| Fixed assets21/28 | €7,765 | €16,512 | €12,534 | €8,556 | €600 | €600 | €2,672 | €600 | ▼ 77.5% |
| Tangible fixed assets22/27 | €7,165 | €15,912 | €11,934 | €7,956 | €0 | - | €2,072 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €7,956 | €0 | - | €2,072 | €0 | ▼ 100% |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €64,832 | €84,992 | €93,756 | €113,053 | €173,965 | €211,119 | €168,793 | €147,746 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €23,204 | €23,151 | €13,414 | €12,116 | €25,526 | €13,693 | €19,933 | €21,060 | ▲ 5.7% |
| Trade receivables40 | - | - | - | €12,116 | €25,526 | €13,693 | €14,182 | €15,755 | ▲ 11.1% |
| Other amounts receivable41 | - | - | - | €0 | - | - | €5,751 | €5,306 | ▼ 7.7% |
| Cash at bank and in hand54/58 | €41,083 | €61,502 | €79,302 | €100,054 | €147,813 | €195,508 | €144,933 | €109,012 | ▼ 24.8% |
| Deferred charges and accrued income490/1 | - | - | - | €884 | €625 | €1,918 | €3,927 | €17,673 | ▲ 350% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €72,597 | €101,503 | €106,290 | €121,609 | €174,565 | €211,719 | €171,465 | €148,346 | ▼ 13.5% |
| Equity10/15 | €67,623 | €83,394 | €92,950 | €107,823 | €149,613 | €196,012 | €166,921 | €143,195 | ▼ 14.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €68,080 | €68,080 | €74,350 | €89,223 | €131,013 | €177,412 | €148,321 | €124,595 | ▼ 16.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €87,363 | €129,153 | €177,412 | €148,321 | €124,595 | ▼ 16.0% |
| Profit (loss) carried forward14 | -€19,057 | -€3,286 | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €4,974 | €18,110 | €13,340 | €13,786 | €24,951 | €15,707 | €4,544 | €5,151 | ▲ 13.4% |
| Amounts payable within one year42/48 | €4,658 | €17,784 | €10,079 | €11,764 | €24,653 | €14,834 | €4,544 | €5,151 | ▲ 13.4% |
| Financial debts43 | - | - | - | - | - | €37 | €10 | €676 | ▲ 68× |
| Credit institutions430/8 | - | - | - | - | - | €37 | €10 | €676 | ▲ 68× |
| Trade debts44 | - | €3,326 | - | - | €175 | €2,621 | €2,939 | €209 | ▼ 92.9% |
| Suppliers440/4 | - | - | - | - | €175 | €2,621 | €2,939 | €209 | ▼ 92.9% |
| Taxes, remuneration and social security45 | - | - | - | €10,254 | €23,066 | €11,383 | €1,595 | €4,266 | ▲ 167% |
| Taxes450/3 | - | - | - | €10,254 | €23,066 | €11,383 | €1,595 | €4,266 | ▲ 167% |
| Other amounts payable47/48 | - | - | - | €1,510 | €1,412 | €792 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,022 | €299 | €873 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,687 | €15,771 | €9,556 | €14,873 | €41,790 | €46,399 | €37,909 | €36,405 | ▼ 4.0% |
| + Depreciation and write-downs630 | €7,165 | €3,978 | €3,978 | €3,978 | €0 | - | €405 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €16,852 | €19,749 | €13,534 | €18,851 | €41,790 | €46,399 | €38,313 | €36,405 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | -€12,725 | €0 | €0 | €7,956 | €0 | -€2,477 | €2,072 | - |
| Change in cash | - | €20,420 | €17,800 | €20,751 | €47,760 | €47,695 | -€50,575 | -€35,921 | ▲ 29.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 28-09-2026 | 2026-00526710 |
| 31-03-2025 | micro format | 07-10-2025 | 2025-00533432 |
| 31-03-2024 | micro format | 25-09-2024 | 2024-00470955 |
| 31-03-2023 | micro format | 26-10-2023 | 2023-00502637 |
| 31-03-2022 | micro format | 06-10-2022 | 2022-20453959 |
| 31-03-2021 | micro format | 10-09-2021 | 2021-66800142 |
| 31-03-2020 | micro format | 01-10-2020 | 2020-57300461 |
| 31-03-2019 | micro format | 30-09-2019 | 2019-66500505 |
| 31-03-2018 | micro format | 27-09-2018 | 2018-64900335 |
| 31-03-2017 | micro format | 21-11-2017 | 2017-69900076 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,336 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
28-09
NBB filing
Annual accounts filed
financial year 2026 · micro format
2025
07-10
NBB filing
Annual accounts filed
financial year 2025 · micro format
31-03
Financial
Liquidity more than doubledcurrent ratio 37.15
Current ratio from 14.23 to 37.15; short-term debt falls from €14,834 to €4,544.
2024
25-09
NBB filing
Annual accounts filed
financial year 2024 · micro format
31-03
Financial
Highest result from 2019 to 2026net €46,399 ▲11%
Operating result €64,912, net result €46,399, both a record.
31-03
Financial
Liquidity doublescurrent ratio 14.23
Current ratio from 7.06 to 14.23; short-term debt falls from €24,653 to €14,834.
31-03
Financial
Equity above €150,000equity €196,012 ▲31%
A profit in every financial year since 2019 builds equity to €196,012.
2023
26-10
NBB filing
Annual accounts filed
financial year 2023 · micro format
2022
06-10
NBB filing
Annual accounts filed
financial year 2022 · micro format
31-03
Financial
Equity above €100,000equity €107,823 ▲16%
A profit in every financial year since 2019 builds equity to €107,823.
2021
10-09
NBB filing
Annual accounts filed
financial year 2021 · micro format
31-03
Financial
Weakest financial yearnet €9,556 ▼39.4%
Net result drops to €9,556, the lowest in the series; recovery starts the following year.
Show earlier events
2020
01-10
NBB filing
Annual accounts filed
financial year 2020 · micro format
2019
30-09
NBB filing
Annual accounts filed
financial year 2019 · micro format
2018
27-09
NBB filing
Annual accounts filed
financial year 2018 · micro format
2017
21-11
NBB filing
Annual accounts filed
financial year 2017 · micro format · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded16-10-2009
Financial year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819809653
Also
9925:BE0819809653
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2009
Ground area
4,211 m²
Building footprint
1,263 m²
Parcel 71305F1343/00N025, Flanders. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
Bosdel 54, 3600 Genk
since 2009unit no. 2.181.939.576
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71305F1343/00N025 | Flanders | 4,211 m² | 1 · 1,263 m² | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.