QUALITRANS
ActiveQUALITRANS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €564k and a net result of €2k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency64▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.37 in 2024; short-term debt: 51.4% and cash: 26.9% of total assets), and 61.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
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
38.9%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
9 d early
2023
on the day
2022
14 d early
2021
26 d late
2020
22 d early
2019
23 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 62.9%
2024 · €5k
2018: €55k
2019: €63k
2020: €-4k
2021: €9k
2022: €100k
2023: €-46k
2024: €5k
2018 → 2025
Working capital
€185k▼ 18.2%
2024 · €226k
2018: €55k
2019: €16k
2020: €68k
2021: €220k
2022: €326k
2023: €350k
2024: €226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€503k-€604k▲ 20.0%€558k▼ 7.5%€563k▲ 0.8%€564k▲ 0.3%
Operating result€32k-€149k▲ 366%€-43k€21k€22k▲ 1.7%
Net result€9k-€100k▲ 1,046%€-46k€5k€2k▼ 62.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.45M
Fixed assets
€521k▲ 54.5%
Current assets
€932k▲ 10.5%
Equity and liabilities €1.45M
Equity
€564k▲ 0.3%
Debt
€888k▲ 43.8%
The debt ratio rises from 52.3% to 61.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137k▼
2024 · €139k
Cash flow
€117k▼
2024 · €123k
Solvency
38.9%▼
2024 · 47.7%
Current ratio
1.25▼
2024 · 1.37
Quick ratio
1.25▼
2024 · 1.37
Debt / equity
1.57▲
2024 · 1.10
ROE
0.3%▼
2024 · 0.8%
ROA
0.1%▼
2024 · 0.4%
Interest coverage
27.92▼
2024 · 127.52
Debt
€888k▲
2024 · €618k
Debt ≤ 1 year
€747k▲
2024 · €618k
Debt > 1 year
€140k
Income taxes
€15k▼
2024 · €16k
Staff costs
€3.21M▲
2024 · €3.06M
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€1.18M€1.45M▲
Fixed assets21/28€337k€521k▲
Tangible fixed assets22/27€333k€517k▲
Plant, machinery and equipment23€73k€65k▼
Furniture and vehicles24€260k€452k▲
Financial fixed assets28€4k€4k=
Current assets29/58€843k€932k▲
Amounts receivable within one year40/41€539k€540k▲
Trade receivables40€511k€512k▲
Other amounts receivable41€29k€28k▼
Cash at bank and in hand54/58€304k€391k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.45M▲
Equity10/15€563k€564k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€501k€503k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€187k€193k▲
Distributable reserves133€309k€304k▼
Amounts payable17/49€618k€888k▲
Amounts payable after more than one year17-€140k
Financial debts170/4-€140k
Amounts payable within one year42/48€618k€747k▲
Current portion of amounts payable after more than one year42-€40k
Trade debts44€129k€120k▼
Suppliers440/4€129k€120k▼
Taxes, remuneration and social security45€489k€587k▲
Taxes450/3€123k€128k▲
Remuneration and social security454/9€366k€459k▲
Accrued charges and deferred income492/3€0€959▲
Income statement
Code20242025
Non-recurring operating income76A€5k€11k▲
Remuneration, social security and pensions62€3.06M€3.21M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€118k€115k▼
Other operating charges640/8€22k€26k▲
Non-recurring operating charges66A€0€15k▲
Gross operating margin9900€3.23M€3.38M▲
Operating profit (loss)9901€21k€22k▲
Financial income75/76B€0€69▲
Recurring financial income75€0€69▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€20k€17k▼
Income taxes67/77€16k€15k▼
Profit (loss) for the period9904€5k€2k▼
Transfer to tax-exempt reserves689€5k€6k▲
Profit (loss) for the period to be appropriated9905€-382€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-382€-4k▼
Transfer from equity791/2€382€4k▲
Social balance
Average headcount (FTE)908746.647.5▲
The notes to these accounts (16 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-46k ▼145%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €100k ▲1046%
Operating result €149k, net result €100k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Equity above €500kEq €503k ▲1.8%
Equity rises from €494k to €503k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
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.
Directors · office · real estate
Directors
12 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, Gent · 1 establishment unit since 1997
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.
Port Arthurlaan 459000 GentGround area
1.1 ha
Building footprint
6,841 m²
Volume, LiDAR
88,885 m³
Parcel 44807G0637/00N000, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Port Arthurlaan 45, 9000 Gent
since 19972.063.215.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0637/00N000 | Flanders | 1.1 ha | 1 · 6,841 m² | 18.4 m · 5 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
2022 to 2025 · 3 entries · 13,177 EUR awarded · 13,177 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,883 EUR | 6,883 EUR |
| 2022 | 2 | 6,294 EUR | 6,294 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-02-1993
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.