Summary
QUALITY BIKES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.7m and a net result of -€110. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 69% of 5651 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
162 d late
2023
on the day
2022
on the day
2021
40 d early
2020
1 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.7m=
2024 · €2.7m
Net result
-€110
2024 · €5,044
Total assets
€3.8m▼ 0.9%
2024 · €3.8m
Solvency
71.8%▲ 0.6pp
2024 · 71.1%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 64, Financial service activities, except insurance and pension funding, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€80,244▲ 256%€85,801▲ 6.9%€57,244▼ 33.3%€15,014▼ 73.8%€5,867▼ 60.9%
Net result€68,770within the sector's middle half▲ 1,249%€68,365within the sector's middle half▼ 0.6%€35,416within the sector's middle half▼ 48.2%€5,044within the sector's middle half▼ 85.8%-€110below the sector's middle half
Equity€2.6mabove the sector's middle half▲ 2.7%€2.7mabove the sector's middle half▲ 2.6%€2.7mabove the sector's middle half▲ 1.3%€2.7mabove the sector's middle half▲ 0.2%€2.7mabove the sector's middle half=
Total assets€3.9mabove the sector's middle half=€3.9mwithin the sector's middle half▼ 1.1%€3.8mwithin the sector's middle half▼ 0.6%€3.8mwithin the sector's middle half▼ 0.1%€3.8mwithin the sector's middle half▼ 0.9%
Debt€1.3m▼ 5.2%€1.2m▼ 8.6%€1.1m▼ 5.0%€1.1m▼ 0.8%€1.1m▼ 3.1%
Working capital-€34,698below the sector's middle half▲ 65.4%-€64,827within the sector's middle half▼ 86.8%-€54,035within the sector's middle half▲ 16.6%-€96,670within the sector's middle half▼ 78.9%-€151,277within the sector's middle half▼ 56.5%
Solvency67.1%within the sector's middle half▲ 1.8pp69.6%within the sector's middle half▲ 2.5pp70.9%within the sector's middle half▲ 1.4pp71.1%within the sector's middle half▲ 0.2pp71.8%within the sector's middle half▲ 0.6pp
Current ratio0.70within the sector's middle half▲ 0.310.46within the sector's middle half▼ 0.230.48within the sector's middle half▲ 0.020.34within the sector's middle half▼ 0.140.09below the sector's middle half▼ 0.25
Return on assets (ROA)1.8%within the sector's middle half▲ 1.6pp1.8%within the sector's middle half=0.9%within the sector's middle half▼ 0.8pp0.1%below the sector's middle half▼ 0.8pp0.0%below the sector's middle half▼ 0.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 has fallen three years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.8m =
Current assets
€15,660 ▼ 68.9%
Equity and liabilities €3.8m
Equity
€2.7m =
Debt
€1.1m ▼ 3.1%
Debt's share of the balance-sheet total falls from 28.9% to 28.2%. Debt is lower.
Key figures and ratios
ROE
0.0%▼
2024 · 0.2%
Debt ≤ 1 year
€166,937▲
2024 · €147,030
Debt > 1 year
€896,652▼
2024 · €958,178
Income taxes
€131▼
2024 · €1,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,268 | €18,268 | €18,268 | €4,567 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €8,237 | €13,786 | €7,823 | €8,600 | ▲ 9.9% |
| Gross operating margin9900 | €100,674 | €112,305 | €89,297 | €27,404 | €14,466 | ▼ 47.2% |
| Operating profit (loss)9901 | €80,244 | €85,801 | €57,244 | €15,014 | €5,867 | ▼ 60.9% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €715 | €0 | - | - | - | - |
| Financial charges65/66B | - | €10,702 | €9,452 | €8,115 | €5,846 | ▼ 28.0% |
| Recurring financial charges65 | €12,190 | €10,702 | €9,452 | €8,115 | €5,846 | ▼ 28.0% |
| Profit (loss) for the period before taxes9903 | €68,770 | €75,099 | €47,792 | €6,899 | €21 | ▼ 99.7% |
| Income taxes67/77 | - | €6,734 | €12,376 | €1,855 | €131 | ▼ 92.9% |
| Profit (loss) for the period9904 | €68,770 | €68,365 | €35,416 | €5,044 | -€110 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €68,770 | €68,365 | €35,416 | €5,044 | -€110 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.9m | €3.8m | €3.8m | €3.8m | ▼ 0.9% |
| Fixed assets21/28 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Tangible fixed assets22/27 | €944,752 | €926,485 | €908,217 | €903,650 | €903,650 | = |
| Land and buildings22 | - | €926,485 | €908,217 | €903,650 | €903,650 | = |
| Financial fixed assets28 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Current assets29/58 | €79,114 | €55,480 | €50,114 | €50,360 | €15,660 | ▼ 68.9% |
| Stocks and contracts in progress3 | €55,476 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €20,626 | €55,476 | €50,000 | €50,000 | €15,600 | ▼ 68.8% |
| Trade receivables40 | - | €55,476 | €50,000 | €50,000 | €15,600 | ▼ 68.8% |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €12 | €4 | €114 | €360 | €60 | ▼ 83.4% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.9m | €3.8m | €3.8m | €3.8m | ▼ 0.9% |
| Equity10/15 | €2.6m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Revaluation surpluses12 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €291,859 | €291,859 | €291,859 | €291,859 | €291,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €290,000 | €290,000 | €290,000 | €290,000 | = |
| Profit (loss) carried forward14 | €9,205 | €77,570 | €112,985 | €118,029 | €117,919 | ▼ 0.1% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.1% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €1.0m | €958,178 | €896,652 | ▼ 6.4% |
| Financial debts170/4 | - | €239,299 | €185,527 | €130,220 | €73,350 | ▼ 43.7% |
| Other amounts payable178/9 | - | €811,569 | €824,896 | €827,958 | €823,302 | ▼ 0.6% |
| Amounts payable within one year42/48 | €113,812 | €120,307 | €104,149 | €147,030 | €166,937 | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | - | €52,312 | €53,772 | €55,308 | €56,870 | ▲ 2.8% |
| Trade debts44 | €10,496 | €1,315 | €1,873 | €22,474 | €389 | ▼ 98.3% |
| Suppliers440/4 | - | €1,315 | €1,873 | €22,474 | €389 | ▼ 98.3% |
| Taxes, remuneration and social security45 | - | €21,704 | €33,504 | €23,799 | €37,182 | ▲ 56.2% |
| Taxes450/3 | - | €20,107 | €25,621 | €23,799 | €18,582 | ▼ 21.9% |
| Remuneration and social security454/9 | - | €1,597 | €7,883 | €0 | €18,600 | - |
| Other amounts payable47/48 | - | €44,977 | €15,000 | €45,450 | €72,497 | ▲ 59.5% |
| Accrued charges and deferred income492/3 | - | €2,446 | €0 | - | €7,028 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,770 | €68,365 | €35,416 | €5,044 | -€110 | ▼ 102% |
| + Depreciation and write-downs630 | €18,268 | €18,268 | €18,268 | €4,567 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €87,037 | €86,632 | €53,683 | €9,611 | -€110 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€7 | €110 | €246 | -€300 | ▼ 222% |
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
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 162 days late
30-09
Financial
Weakest financial yearnet -€110
Net result drops to -€110, the lowest in the series.
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2019net €68,770 ▲1,249%
Net result €68,770, the highest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 225 days late
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1992
Ground area
501 m²
Building footprint
437 m²
Volume, LiDAR
6,549 m³
Parcel 44803C0165/00B000, Flanders · tallest building 21.2 m, ±5 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
QUALITY BIKES
since 19922.058.679.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0165/00B000 | Flanders | 501 m² | 1 · 437 m² | 21.2 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
66.25%
-
0.02%
According to the annual accounts to 30-09-2025 of QUALITY BIKES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 9,987 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-08-1992
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448000735
Registered
01-07-2026
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.