QUALITY AIR
ActiveQUALITY AIR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €-66k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-74
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.0 against 3.53 in 2024; short-term debt: 18.1% and cash: 12.5% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
19 d late
2022
32 d early
2021
on the day
2020
40 d early
2019
43 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€270k▼ 19.7%
2024 · €337k
2018: €125k
2019: €187k
2020: €249k
2021: €384k
2022: €399k
2023: €364k
2024: €337k
2018 → 2025
Total assets
€336k▼ 25.3%
2024 · €450k
2018: €226k
2019: €281k
2020: €324k
2021: €479k
2022: €514k
2023: €481k
2024: €450k
2018 → 2025
Net result
€-66k
2024 · €20k
2018: €48k
2019: €66k
2020: €64k
2021: €137k
2022: €32k
2023: €11k
2024: €20k
2018 → 2025
Working capital
€244k▼ 11.3%
2024 · €275k
2018: €103k
2019: €148k
2020: €194k
2021: €254k
2022: €290k
2023: €266k
2024: €275k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€384k-€399k▲ 4.1%€364k▼ 8.8%€337k▼ 7.6%€270k▼ 19.7%
Operating result€192k-€53k▼ 72.7%€20k▼ 62.5%€37k▲ 85.8%€-68k
Net result€137k-€32k▼ 76.5%€11k▼ 64.9%€20k▲ 77.7%€-66k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €68k after €37k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336k
Fixed assets
€31k▼ 52.8%
Current assets
€305k▼ 20.5%
Equity and liabilities €336k
Equity
€270k▼ 19.7%
Debt
€66k▼ 41.9%
The debt ratio falls from 25.2% to 19.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-33k▼
2024 · €73k
Cash flow
€-31k▼
2024 · €56k
Solvency
80.4%▲
2024 · 74.8%
Current ratio
5.00▲
2024 · 3.53
Quick ratio
4.15▲
2024 · 2.85
Debt / equity
0.24▼
2024 · 0.34
ROE
-24.5%▼
2024 · 6.0%
ROA
-19.7%▼
2024 · 4.5%
Interest coverage
-54.13▼
2024 · 8.67
Debt
€66k▼
2024 · €114k
Debt ≤ 1 year
€61k▼
2024 · €109k
Income taxes
€6▼
2024 · €9k
Staff costs
€248k▲
2024 · €230k
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€450k€336k▼
Fixed assets21/28€66k€31k▼
Tangible fixed assets22/27€66k€31k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€39k€10k▼
Other tangible fixed assets26€17k€15k▼
Financial fixed assets28€200€0▼
Current assets29/58€384k€305k▼
Amounts receivable after more than one year29€80k€0▼
Other amounts receivable291€80k€0▼
Stocks and contracts in progress3€74k€52k▼
Stocks30/36€74k€52k▼
Amounts receivable within one year40/41€139k€202k▲
Trade receivables40€82k€108k▲
Other amounts receivable41€57k€94k▲
Cash at bank and in hand54/58€78k€42k▼
Deferred charges and accrued income490/1€14k€10k▼
Equity and liabilities
Total equity and liabilities10/49€450k€336k▼
Equity10/15€337k€270k▼
Contributions10/11€6k€6k=
Reserves13€274k€274k=
Distributable reserves133€274k€274k=
Profit (loss) carried forward14€56k€-10k▼
Amounts payable17/49€114k€66k▼
Amounts payable within one year42/48€109k€61k▼
Trade debts44€55k€58k▲
Suppliers440/4€55k€58k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€644€2k▲
Remuneration and social security454/9€5k€1k▼
Other amounts payable47/48€48k€0▼
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€230k€248k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€35k▼
Other operating charges640/8€983€1k▲
Gross operating margin9900€304k€217k▼
Operating profit (loss)9901€37k€-68k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€8k€608▼
Recurring financial charges65€8k€608▼
Profit (loss) for the period before taxes9903€29k€-66k▼
Income taxes67/77€9k€6▼
Profit (loss) for the period9904€20k€-66k▼
Profit (loss) for the period to be appropriated9905€20k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€77k€-10k▼
Profit (loss) brought forward from the previous period14P€57k€56k▼
Transfer from equity791/2€46k€0▼
Transfer to equity691/2€19k€0▼
To other reserves6921€19k€0▼
Profit to be distributed694/7€48k€0▼
Return on contributions (dividend)694€48k€0▼
Social balance
Average headcount (FTE)90873.94.0▲
The notes to these accounts (12 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-66k ▼430%
Net result drops to €-66k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €137k ▲115%
Operating result €192k, net result €137k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €249k ▲33.3%
3 profitable years in a row build equity to €249k.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €187k ▲49.6%
2 profitable years in a row build equity to €187k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 2011
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.
Meubelmakersdreef(Bel) 48510 KortrijkGround area
1,832 m²
Building footprint
729 m²
Volume, LiDAR
588 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
QUALITY AIR
since 20112.203.328.868
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005C0208/00M011 | Flanders | 1,126 m² | 1 · 606 m² | 0.0 m |
| 34026B0605/00M000 | Flanders | 706 m² | 1 · 123 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 7,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
27120Manufacture of electrical equipment
41001General construction of residential buildings
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.