Quality
ActiveThe computed 12-month bankruptcy probability of Quality is 3.0% (moderate). For Quality, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €43k and a net result of €34k. Its solvency ranks better than 49% of 1946 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability97▲+9
Solvency52▼-24
Growth77
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
27.1%
Return on assets
21.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
37 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€324k▲ 12.5%
2022 · €288k
2022: €288k
2022 → 2023
EBIT margin
18.1%▲ 9.0pp
2022 · 9.1%
2022: 9.1%
2022 → 2023
Net result
€34k▲ 65.7%
2022 · €21k
2022: €21k
2022 → 2023
Working capital
€-40k
2022 · €9k
2022: €9k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Turnover€288k-€324k▲ 12.5%
Equity€31k-€43k▲ 39.9%
Operating result€26k-€59k▲ 123%
Net result€21k-€34k▲ 65.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 123% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €158k
Fixed assets
€83k▲ 292%
Current assets
€75k▲ 90.7%
Equity and liabilities €158k
Equity
€43k▲ 39.9%
Debt
€115k▲ 285%
The debt ratio rises from 49.4% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▲
2022 · €31k
Cash flow
€42k▲
2022 · €26k
Solvency
27.1%▼
2022 · 50.6%
Current ratio
0.65▼
2022 · 1.32
Quick ratio
0.65▼
2022 · 1.32
Debt / equity
2.69▲
2022 · 0.98
ROE
79.8%▲
2022 · 67.4%
ROA
21.6%▼
2022 · 34.1%
Interest coverage
243.26▼
2022 · 566.75
Debt
€115k▲
2022 · €30k
Debt ≤ 1 year
€115k▲
2022 · €30k
Income taxes
€25k▲
2022 · €6k
Staff costs
€166k▲
2022 · €87k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€61k€158k▲
Fixed assets21/28€21k€83k▲
Tangible fixed assets22/27€21k€83k▲
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€18k€78k▲
Current assets29/58€39k€75k▲
Amounts receivable within one year40/41€28k€48k▲
Trade receivables40€21k€17k▼
Other amounts receivable41€6k€31k▲
Cash at bank and in hand54/58€12k€27k▲
Equity and liabilities
Total equity and liabilities10/49€61k€158k▲
Equity10/15€31k€43k▲
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€10k€10k=
Profit (loss) carried forward14€21k€33k▲
Amounts payable17/49€30k€115k▲
Amounts payable within one year42/48€30k€115k▲
Current portion of amounts payable after more than one year42-€66k
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€24k€46k▲
Taxes450/3€16k€32k▲
Remuneration and social security454/9€8k€13k▲
Income statement
Code20222023
Turnover70€288k€324k▲
Goods, raw materials, services and sundry goods60/61€166k€89k▼
Remuneration, social security and pensions62€87k€166k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€122k€235k▲
Operating profit (loss)9901€26k€59k▲
Financial income75/76B€211€971▲
Recurring financial income75€211€971▲
Financial charges65/66B€55€275▲
Recurring financial charges65€55€275▲
Profit (loss) for the period before taxes9903€26k€59k▲
Income taxes67/77€6k€25k▲
Profit (loss) for the period9904€21k€34k▲
Profit (loss) for the period to be appropriated9905€21k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€55k▲
Profit (loss) brought forward from the previous period14P-€21k
Profit to be distributed694/7-€22k
Return on contributions (dividend)694-€22k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
NBB filing
Directors · office · real estate
Directors
2 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, Ranst · 1 establishment unit since 2021
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.
Venusstraat 542520 RanstGround area
666 m²
Building footprint
161 m²
Volume, LiDAR
718 m³
Parcel 11031A0620/00V000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Quality
since 20212.322.684.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031A0620/00V000 | Flanders | 666 m² | 1 · 161 m² | 7.0 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.
Similar companies · same sector, comparable size
D.K.V. BEECKMANS
BE 0865.439.443
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A&B Group
BE 0677.921.617
Gent · Eq €43k
COPPENS
BE 0801.573.059
Denderleeuw · Eq €43k
H.M.M. GROUP
BE 1009.217.692
Sint-Jans-Molenbeek · Eq €43k
Nijs Wim
BE 0800.163.094
Hamont-Achel · Eq €43k
Of 599 companies in sector 10111 we hold annual accounts for 329. 212 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2021
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.