QUALITY
ActiveSummary
QUALITY has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,597 and a net result of €5,459. Equity is growing by about 5% per year across the filed financial years. Its solvency ranks better than 51% of 17,080 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464938.
Turnover
≈ €230,000
Estimated: probably between €190,000 and €350,000
Total assets
€279,509▲ 94.3%
2024 · €143,847
Net result
€5,459▼ 48.8%
2024 · €10,660
Working capital
€51,965▼ 19.6%
2024 · €64,644
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 18% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€13,725
2025
Net result€5,459
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€279,509
2025
Equity€84,597
2025
Debt€194,912
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€51,965
2025
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)2.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency30.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.74
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€4,653--€5,203▼ 11.8%€6,776€6,405▼ 5.5%-€19,969€40,697€16,762▼ 58.8%€13,725▼ 18.1%
Net result-€9,278--€8,307▲ 10.5%€3,696within the sector's middle half-€1,652within the sector's middle half-€21,120below the sector's middle half▼ 1,178%€28,839within the sector's middle half€10,660within the sector's middle half▼ 63.0%€5,459within the sector's middle half▼ 48.8%
Equity€67,022-€58,716▼ 12.4%€62,411within the sector's middle half▲ 6.3%€60,759within the sector's middle half▼ 2.6%€39,639within the sector's middle half▼ 34.8%€68,478within the sector's middle half▲ 72.8%€79,138within the sector's middle half▲ 15.6%€84,597within the sector's middle half▲ 6.9%
Total assets€257,268-€340,759▲ 32.5%€323,903within the sector's middle half▼ 4.9%€339,955within the sector's middle half▲ 5.0%€337,933within the sector's middle half▼ 0.6%€226,285within the sector's middle half▼ 33.0%€143,847below the sector's middle half▼ 36.4%€279,509within the sector's middle half▲ 94.3%
Debt€190,246-€282,044▲ 48.3%€261,492▼ 7.3%€279,196▲ 6.8%€298,294▲ 6.8%€157,806▼ 47.1%€64,709▼ 59.0%€194,912▲ 201%
Working capital-€718--€5,541▼ 672%€370within the sector's middle half-€1,489within the sector's middle half-€10,194within the sector's middle half▼ 585%€40,173within the sector's middle half€64,644within the sector's middle half▲ 60.9%€51,965within the sector's middle half▼ 19.6%
Solvency26.1%-17.2%▼ 8.8pp19.3%within the sector's middle half▲ 2.0pp17.9%within the sector's middle half▼ 1.4pp11.7%within the sector's middle half▼ 6.1pp30.3%within the sector's middle half▲ 18.5pp55.0%within the sector's middle half▲ 24.8pp30.3%within the sector's middle half▼ 24.7pp
Current ratio0.99-0.98▼ 0.021.00within the sector's middle half▲ 0.020.99within the sector's middle half▼ 0.010.97within the sector's middle half▼ 0.031.25within the sector's middle half▲ 0.292.00within the sector's middle half▲ 0.741.74within the sector's middle half▼ 0.26
Return on assets (ROA)-3.6%--2.4%▲ 1.2pp1.1%within the sector's middle half▲ 3.6pp-0.5%within the sector's middle half▼ 1.6pp-6.2%below the sector's middle half▼ 5.8pp12.7%above the sector's middle half▲ 19.0pp7.4%within the sector's middle half▼ 5.3pp2.0%within the sector's middle half▼ 5.5pp
Staff (FTE)3-2.6▼ 13.3%1within the sector's middle half▼ 61.5%11=1.7▲ 70.0%2.8▲ 64.7%
above
within
below
the middle half of NACE 68, Real estate activities: 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. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279,509
Fixed assets
€157,271 ▲ 985%
Current assets
€122,238 ▼ 5.5%
Equity and liabilities €279,509
Equity
€84,597 ▲ 6.9%
Debt
€194,912 ▲ 201%
Debt's share of the balance-sheet total rises from 45.0% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,947▼
2024 · €30,574
Cash flow
€12,681▼
2024 · €24,471
Debt to equity
2.30▲
2024 · 0.82
ROE
6.5%▼
2024 · 13.5%
Interest coverage
5.14▼
2024 · 38.35
Debt ≤ 1 year
€70,273▲
2024 · €64,709
Debt > 1 year
€122,603
Income taxes
€4,243▼
2024 · €5,333
Staff costs
€104,717▲
2024 · €55,328
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,000 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €41,139 | €37,629 | €46,991 | €55,328 | €104,717 | ▲ 89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,005 | €25,033 | €17,053 | €23,883 | €23,883 | €21,528 | €13,812 | €7,222 | ▼ 47.7% |
| Other operating charges640/8 | - | - | - | €2,027 | €2,707 | €3,828 | €4,554 | €4,243 | ▼ 6.8% |
| Gross operating margin9900 | €96,109 | €75,209 | €57,829 | €73,454 | €44,250 | €113,044 | €90,457 | €129,907 | ▲ 43.6% |
| Operating profit (loss)9901 | -€4,653 | -€5,203 | €6,776 | €6,405 | -€19,969 | €40,697 | €16,762 | €13,725 | ▼ 18.1% |
| Financial income75/76B | - | - | - | €100 | €677 | €57 | €28 | €52 | ▲ 88.4% |
| Recurring financial income75 | €39 | €118 | €17 | €100 | €16 | €57 | €28 | €52 | ▲ 88.4% |
| Non-recurring financial income76B | - | - | - | - | €661 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €7,995 | €1,706 | €1,413 | €797 | €4,074 | ▲ 411% |
| Recurring financial charges65 | €3,489 | €2,963 | €2,468 | €7,995 | €1,706 | €1,413 | €797 | €4,074 | ▲ 411% |
| Profit (loss) for the period before taxes9903 | -€8,102 | -€8,048 | €4,326 | -€1,491 | -€20,998 | €39,342 | €15,993 | €9,703 | ▼ 39.3% |
| Income taxes67/77 | €1,175 | €259 | €630 | €162 | €122 | €10,502 | €5,333 | €4,243 | ▼ 20.4% |
| Profit (loss) for the period9904 | -€9,278 | -€8,307 | €3,696 | -€1,652 | -€21,120 | €28,839 | €10,660 | €5,459 | ▼ 48.8% |
| Profit (loss) for the period to be appropriated9905 | -€9,278 | -€8,307 | €3,696 | -€1,652 | -€21,120 | €28,839 | €10,660 | €5,459 | ▼ 48.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €257,268 | €340,759 | €323,903 | €339,955 | €337,933 | €226,285 | €143,847 | €279,509 | ▲ 94.3% |
| Fixed assets21/28 | €114,785 | €93,487 | €97,599 | €73,716 | €49,833 | €28,305 | €14,494 | €157,271 | ▲ 985% |
| Intangible fixed assets21 | €83,850 | €70,950 | €58,050 | €45,150 | €32,250 | €19,350 | €6,450 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €24,435 | €16,037 | €33,049 | €22,066 | €11,083 | €2,455 | €1,544 | €771 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €16,573 | €7,109 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €5,493 | €3,974 | €2,455 | €1,544 | €771 | ▼ 50.0% |
| Financial fixed assets28 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €156,500 | ▲ 24× |
| Current assets29/58 | €142,483 | €247,272 | €226,303 | €266,239 | €288,100 | €197,979 | €129,354 | €122,238 | ▼ 5.5% |
| Amounts receivable within one year40/41 | €46,054 | €16,351 | €32,237 | €46,024 | €62,474 | €66,019 | €35,920 | €104,627 | ▲ 191% |
| Trade receivables40 | - | - | - | €29,894 | €58,239 | €65,563 | €32,253 | €63,370 | ▲ 96.5% |
| Other amounts receivable41 | - | - | - | €16,130 | €4,234 | €456 | €3,667 | €41,257 | ▲ 11× |
| Cash at bank and in hand54/58 | €90,736 | €225,235 | €187,244 | €215,116 | €222,509 | €130,406 | €90,155 | €15,087 | ▼ 83.3% |
| Deferred charges and accrued income490/1 | - | - | - | €5,099 | €3,118 | €1,554 | €3,279 | €2,524 | ▼ 23.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €257,268 | €340,759 | €323,903 | €339,955 | €337,933 | €226,285 | €143,847 | €279,509 | ▲ 94.3% |
| Equity10/15 | €67,022 | €58,716 | €62,411 | €60,759 | €39,639 | €68,478 | €79,138 | €84,597 | ▲ 6.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,860 | €21,860 | €21,860 | €21,860 | €21,860 | €48,860 | €58,860 | €58,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €20,000 | €20,000 | €47,000 | €57,000 | €57,000 | = |
| Profit (loss) carried forward14 | €26,562 | €18,256 | €21,951 | €20,299 | -€821 | €1,018 | €1,678 | €7,137 | ▲ 325% |
| Amounts payable17/49 | €190,246 | €282,044 | €261,492 | €279,196 | €298,294 | €157,806 | €64,709 | €194,912 | ▲ 201% |
| Amounts payable after more than one year17 | €47,044 | €29,231 | €35,559 | €11,468 | €0 | - | - | €122,603 | - |
| Financial debts170/4 | - | - | - | €11,468 | €0 | - | - | €122,603 | - |
| Amounts payable within one year42/48 | €143,202 | €252,813 | €225,933 | €267,728 | €298,294 | €157,806 | €64,709 | €70,273 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €29,369 | €16,059 | €5,312 | €5,308 | €23,664 | ▲ 346% |
| Trade debts44 | €87,356 | €202,764 | €6,888 | €17,984 | €21,917 | €34,608 | €6,889 | €5,943 | ▼ 13.7% |
| Suppliers440/4 | - | - | - | €17,984 | €21,917 | €34,608 | €6,889 | €5,943 | ▼ 13.7% |
| Taxes, remuneration and social security45 | - | - | - | €10,206 | €32,183 | €10,216 | €31,496 | €28,694 | ▼ 8.9% |
| Taxes450/3 | - | - | - | €6,290 | €20,899 | €270 | €17,502 | €11,304 | ▼ 35.4% |
| Remuneration and social security454/9 | - | - | - | €3,916 | €11,285 | €9,947 | €13,994 | €17,390 | ▲ 24.3% |
| Other amounts payable47/48 | - | - | - | €210,169 | €228,134 | €107,670 | €21,016 | €11,971 | ▼ 43.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €2,036 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,278 | -€8,307 | €3,696 | -€1,652 | -€21,120 | €28,839 | €10,660 | €5,459 | ▼ 48.8% |
| + Depreciation and write-downs630 | €25,005 | €25,033 | €17,053 | €23,883 | €23,883 | €21,528 | €13,812 | €7,222 | ▼ 47.7% |
| Operating cash flow (approximation) | €15,727 | €16,726 | €20,749 | €22,231 | €2,763 | €50,367 | €24,471 | €12,681 | ▼ 48.2% |
| Investment in fixed assets (approximation) | - | -€3,735 | -€21,165 | €0 | €0 | €0 | €0 | -€150,000 | - |
| Change in cash | - | €134,499 | -€37,991 | €27,872 | €7,393 | -€92,103 | -€40,251 | -€75,068 | ▼ 86.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00464938 |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00253049 |
| 31-12-2023 | micro format | 07-08-2024 | 2024-00334862 |
| 31-12-2022 | micro format | 19-09-2023 | 2023-00448473 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20167839 |
| 31-12-2020 | micro format | 18-08-2021 | 2021-50000361 |
| 31-12-2019 | micro format | 25-08-2020 | 2020-47100203 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58900454 |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36600165 |
| 31-12-2016 | full format | 30-06-2017 | 2017-26000452 |
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Of the 11,699 active companies whose main activity is real estate agency activities (NACE 68310), figures are known for 7,071. 5,265 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.