QUALIS DESIGN
ActiveSummary
The computed 12-month bankruptcy probability of QUALIS DESIGN is 3.4% (moderate). The 2024 annual accounts show negative equity (-€86,708) and a net result of -€22,975. Equity is shrinking by ~168.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 9970 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability44▲+42
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.43 in 2023; short-term debt: 107.1% and cash: 0.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-33.2%
Return on assets
-8.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€86,708
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
69 d late
2022
35 d late
2021
78 d late
2020
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 54 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€86,708▼ 36.0%
2023 · -€63,733
Total assets
€261,204▲ 8.2%
2023 · €241,492
Net result
-€22,975▲ 59.6%
2023 · -€56,848
Working capital
-€128,379▼ 16.7%
2023 · -€110,045
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€15,774--€7,396-€4,969▲ 32.8%-€47,867▼ 863%-€15,451▲ 67.7%
Net result€12,408within the sector's middle half--€7,694below the sector's middle half-€14,599below the sector's middle half▼ 89.7%-€56,848below the sector's middle half▼ 289%-€22,975below the sector's middle half▲ 59.6%
Equity€15,408within the sector's middle half-€7,714below the sector's middle half▼ 49.9%-€6,885below the sector's middle half-€63,733below the sector's middle half▼ 826%-€86,708below the sector's middle half▼ 36.0%
Total assets€91,391within the sector's middle half-€140,637within the sector's middle half▲ 53.9%€377,610above the sector's middle half▲ 168%€241,492within the sector's middle half▼ 36.0%€261,204within the sector's middle half▲ 8.2%
Debt€75,983-€132,923▲ 74.9%€384,495▲ 189%€305,225▼ 20.6%€347,912▲ 14.0%
Working capital€15,303within the sector's middle half-€7,609within the sector's middle half▼ 50.3%-€55,996below the sector's middle half-€110,045below the sector's middle half▼ 96.5%-€128,379below the sector's middle half▼ 16.7%
Solvency16.9%within the sector's middle half-5.5%below the sector's middle half▼ 11.4pp-1.8%below the sector's middle half▼ 7.3pp-26.4%below the sector's middle half▼ 24.6pp-33.2%below the sector's middle half▼ 6.8pp
Current ratio1.20within the sector's middle half-1.06within the sector's middle half▼ 0.140.75below the sector's middle half▼ 0.310.43below the sector's middle half▼ 0.320.54below the sector's middle half▲ 0.12
Return on assets (ROA)13.6%within the sector's middle half--5.5%below the sector's middle half▼ 19.0pp-3.9%below the sector's middle half▲ 1.6pp-23.5%below the sector's middle half▼ 19.7pp-8.8%below the sector's middle half▲ 14.7pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,451 in 2024 against €47,867 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €261,204
Fixed assets
€109,857 ▼ 31.3%
Current assets
€151,347 ▲ 85.6%
Equity and liabilities
Equity-€86,708
Debt€347,912
Equity is negative: debt (€347,912) exceeds the balance-sheet total (€261,204).
Key figures and ratios
EBITDA
€34,630▲
2023 · €2,214
Cash flow
€27,106▲
2023 · -€6,767
Interest coverage
4.36▲
2023 · 0.25
Debt ≤ 1 year
€279,726▲
2023 · €191,599
Debt > 1 year
€68,186▼
2023 · €113,626
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,564 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €40,384 | €50,081 | €50,081 | = |
| Other operating charges640/8 | - | - | €554 | €1,007 | €816 | ▼ 19.0% |
| Gross operating margin9900 | €15,774 | -€7,396 | €35,969 | €3,221 | €35,446 | ▲ 1,000% |
| Operating profit (loss)9901 | €15,774 | -€7,396 | -€4,969 | -€47,867 | -€15,451 | ▲ 67.7% |
| Financial income75/76B | - | - | €93 | €35 | €414 | ▲ 1,083% |
| Recurring financial income75 | - | - | €93 | €35 | €414 | ▲ 1,083% |
| Financial charges65/66B | - | €298 | €9,656 | €9,016 | €7,938 | ▼ 12.0% |
| Recurring financial charges65 | €18 | €298 | €9,656 | €9,016 | €7,938 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €15,756 | -€7,694 | -€14,532 | -€56,848 | -€22,975 | ▲ 59.6% |
| Income taxes67/77 | €3,348 | - | €67 | - | - | - |
| Profit (loss) for the period9904 | €12,408 | -€7,694 | -€14,599 | -€56,848 | -€22,975 | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €12,408 | -€7,694 | -€14,599 | -€56,848 | -€22,975 | ▲ 59.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,391 | €140,637 | €377,610 | €241,492 | €261,204 | ▲ 8.2% |
| Fixed assets21/28 | €105 | €105 | €210,019 | €159,938 | €109,857 | ▼ 31.3% |
| Tangible fixed assets22/27 | - | - | €210,019 | €159,938 | €109,857 | ▼ 31.3% |
| Leasing and similar rights25 | - | - | €210,019 | €159,938 | €109,857 | ▼ 31.3% |
| Financial fixed assets28 | €105 | €105 | - | - | - | - |
| Current assets29/58 | €91,286 | €140,532 | €167,591 | €81,554 | €151,347 | ▲ 85.6% |
| Amounts receivable within one year40/41 | €86,588 | €134,785 | €150,942 | €80,092 | €148,999 | ▲ 86.0% |
| Trade receivables40 | - | €133,761 | €130,091 | €73,445 | €132,077 | ▲ 79.8% |
| Other amounts receivable41 | - | €1,024 | €20,851 | €6,647 | €16,922 | ▲ 155% |
| Cash at bank and in hand54/58 | €4,698 | €5,747 | €13,083 | €132 | €984 | ▲ 645% |
| Deferred charges and accrued income490/1 | - | - | €3,566 | €1,330 | €1,364 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,391 | €140,637 | €377,610 | €241,492 | €261,204 | ▲ 8.2% |
| Equity10/15 | €15,408 | €7,714 | -€6,885 | -€63,733 | -€86,708 | ▼ 36.0% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €12,408 | €4,714 | - | - | - | - |
| Distributable reserves133 | - | €4,714 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€9,885 | -€66,733 | -€89,708 | ▼ 34.4% |
| Amounts payable17/49 | €75,983 | €132,923 | €384,495 | €305,225 | €347,912 | ▲ 14.0% |
| Amounts payable after more than one year17 | - | - | €160,908 | €113,626 | €68,186 | ▼ 40.0% |
| Financial debts170/4 | - | - | €160,908 | €113,626 | €68,186 | ▼ 40.0% |
| Amounts payable within one year42/48 | €75,983 | €132,923 | €223,587 | €191,599 | €279,726 | ▲ 46.0% |
| Current portion of amounts payable after more than one year42 | - | - | €39,671 | €43,484 | €45,440 | ▲ 4.5% |
| Trade debts44 | €62,633 | €122,016 | €154,496 | €78,107 | €192,093 | ▲ 146% |
| Suppliers440/4 | - | €122,016 | €154,496 | €78,107 | €192,093 | ▲ 146% |
| Advances received on contracts in progress46 | - | - | - | €29,871 | - | - |
| Taxes, remuneration and social security45 | - | €10,907 | €27,559 | €40,029 | €42,085 | ▲ 5.1% |
| Taxes450/3 | - | €10,907 | €27,559 | €38,912 | €40,345 | ▲ 3.7% |
| Remuneration and social security454/9 | - | - | - | €1,117 | €1,740 | ▲ 55.8% |
| Other amounts payable47/48 | - | - | €1,861 | €108 | €108 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,408 | -€7,694 | -€14,599 | -€56,848 | -€22,975 | ▲ 59.6% |
| + Depreciation and write-downs630 | - | - | €40,384 | €50,081 | €50,081 | = |
| Operating cash flow (approximation) | €12,408 | -€7,694 | €25,785 | -€6,767 | €27,106 | ▲ 501% |
| Investment in fixed assets (approximation) | - | €0 | -€250,298 | €0 | €0 | - |
| Change in cash | - | €1,049 | €7,336 | -€12,951 | €852 | ▲ 107% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Weakest financial yearnet -€56,848
Net result drops to -€56,848, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2019
Ground area
154 m²
Building footprint
207 m²
Volume, LiDAR
1,435 m³
Parcel 23543K0148/00S007, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
QUALIS DESIGN
since 20192.296.735.415
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23543K0148/00S007 | Flanders | 154 m² | 1 · 207 m² | 11.8 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,453 companies in this sector we hold annual accounts for 1,059. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded02-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738649852
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.