Quality Coders
ActiveSummary
Quality Coders has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,543 and a net result of €62,108. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 1910 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+1
Solvency86▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.52 in 2024; short-term debt: 39.4% and cash: 81.6% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
60.6%
Return on assets
20.4%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
53 d early
2024
31 d early
2023
107 d early
2022
6 d early
2021
33 d early
2020
33 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 43 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€184,543▼ 22.3%
2024 · €237,605
Total assets
€304,751▼ 16.2%
2024 · €363,709
Net result
€62,108▼ 12.5%
2024 · €70,948
Working capital
€149,389▼ 21.9%
2024 · €191,346
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,577▲ 16.6%€61,508▲ 6.8%€65,780▲ 6.9%€96,118▲ 46.1%€83,988▼ 12.6%
Net result€39,836▲ 21.4%€42,517▲ 6.7%€44,248▲ 4.1%€70,948▲ 60.3%€62,108▼ 12.5%
Equity€180,453▲ 28.3%€222,970▲ 23.6%€226,218▲ 1.5%€237,605▲ 5.0%€184,543▼ 22.3%
Total assets€266,871▲ 29.2%€296,791▲ 11.2%€297,935▲ 0.4%€363,709▲ 22.1%€304,751▼ 16.2%
Debt€86,418▲ 31.0%€73,821▼ 14.6%€71,717▼ 2.8%€126,104▲ 75.8%€120,208▼ 4.7%
Working capital€165,677▲ 36.9%€204,567▲ 23.5%€214,202▲ 4.7%€191,346▼ 10.7%€149,389▼ 21.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304,751
Fixed assets
€35,262 ▼ 23.8%
Current assets
€269,489 ▼ 15.1%
Equity and liabilities €304,751
Equity
€184,543 ▼ 22.3%
Debt
€120,208 ▼ 4.7%
Debt's share of the balance-sheet total rises from 34.7% to 39.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€96,534▼
2024 · €108,257
Cash flow
€74,654▼
2024 · €83,086
Current ratio
2.24▼
2024 · 2.52
Debt to equity
0.65▲
2024 · 0.53
ROE
33.7%▲
2024 · 29.9%
ROA
20.4%▲
2024 · 19.5%
Interest coverage
794.72▲
2024 · 767.24
Debt ≤ 1 year
€120,100▼
2024 · €126,104
Income taxes
€24,083▼
2024 · €26,345
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €420 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,799 | €5,812 | €6,387 | €12,139 | €12,546 | ▲ 3.4% |
| Other operating charges640/8 | €19,996 | €14,253 | €2,720 | €1,019 | €1,007 | ▼ 1.2% |
| Gross operating margin9900 | €82,372 | €81,574 | €75,307 | €109,276 | €97,541 | ▼ 10.7% |
| Operating profit (loss)9901 | €57,577 | €61,508 | €65,780 | €96,118 | €83,988 | ▼ 12.6% |
| Financial income75/76B | €43 | €0 | €712 | €1,315 | €2,324 | ▲ 76.7% |
| Recurring financial income75 | €43 | €0 | €712 | €1,315 | €2,324 | ▲ 76.7% |
| Financial charges65/66B | €2,626 | €2,838 | €5,219 | €141 | €121 | ▼ 13.9% |
| Recurring financial charges65 | €2,626 | €2,838 | €5,219 | €141 | €121 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €54,994 | €58,670 | €61,272 | €97,292 | €86,191 | ▼ 11.4% |
| Income taxes67/77 | €15,158 | €16,153 | €17,025 | €26,345 | €24,083 | ▼ 8.6% |
| Profit (loss) for the period9904 | €39,836 | €42,517 | €44,248 | €70,948 | €62,108 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €39,836 | €42,517 | €44,248 | €70,948 | €62,108 | ▼ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266,871 | €296,791 | €297,935 | €363,709 | €304,751 | ▼ 16.2% |
| Fixed assets21/28 | €14,777 | €18,403 | €12,016 | €46,259 | €35,262 | ▼ 23.8% |
| Tangible fixed assets22/27 | €14,777 | €18,403 | €12,016 | €46,259 | €35,262 | ▼ 23.8% |
| Land and buildings22 | €5,370 | €10,541 | €7,284 | €4,027 | €2,561 | ▼ 36.4% |
| Plant, machinery and equipment23 | €8,827 | €7,862 | €4,732 | €4,250 | €3,368 | ▼ 20.8% |
| Furniture and vehicles24 | €580 | €0 | - | €37,982 | €29,334 | ▼ 22.8% |
| Current assets29/58 | €252,095 | €278,388 | €285,919 | €317,449 | €269,489 | ▼ 15.1% |
| Amounts receivable within one year40/41 | €16,129 | €17,872 | €20,317 | €22,109 | €20,889 | ▼ 5.5% |
| Trade receivables40 | €16,129 | €17,872 | €17,575 | €18,059 | €18,096 | ▲ 0.2% |
| Other amounts receivable41 | €0 | - | €2,742 | €4,050 | €2,793 | ▼ 31.0% |
| Cash at bank and in hand54/58 | €235,419 | €259,970 | €265,056 | €294,794 | €248,600 | ▼ 15.7% |
| Deferred charges and accrued income490/1 | €546 | €546 | €546 | €546 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266,871 | €296,791 | €297,935 | €363,709 | €304,751 | ▼ 16.2% |
| Equity10/15 | €180,453 | €222,970 | €226,218 | €237,605 | €184,543 | ▼ 22.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €174,253 | €216,770 | €220,018 | €231,405 | €178,343 | ▼ 22.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €172,393 | €214,910 | €220,018 | €231,405 | €178,343 | ▼ 22.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €86,418 | €73,821 | €71,717 | €126,104 | €120,208 | ▼ 4.7% |
| Amounts payable within one year42/48 | €86,418 | €73,821 | €71,717 | €126,104 | €120,100 | ▼ 4.8% |
| Trade debts44 | €592 | €1,094 | €1,420 | €1,552 | €1,549 | ▼ 0.2% |
| Suppliers440/4 | €592 | €1,094 | €1,420 | €1,552 | €1,549 | ▼ 0.2% |
| Taxes, remuneration and social security45 | €12,535 | €7,990 | €2,194 | €3,302 | €3,382 | ▲ 2.4% |
| Taxes450/3 | €3,213 | €3,665 | €2,194 | €3,302 | €3,382 | ▲ 2.4% |
| Remuneration and social security454/9 | €9,321 | €4,325 | €0 | - | - | - |
| Other amounts payable47/48 | €73,291 | €64,737 | €68,102 | €121,249 | €115,170 | ▼ 5.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €107 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,836 | €42,517 | €44,248 | €70,948 | €62,108 | ▼ 12.5% |
| + Depreciation and write-downs630 | €4,799 | €5,812 | €6,387 | €12,139 | €12,546 | ▲ 3.4% |
| Operating cash flow (approximation) | €44,635 | €48,329 | €50,635 | €83,086 | €74,654 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | -€9,439 | €0 | -€46,382 | -€1,549 | ▲ 96.7% |
| Change in cash | - | €24,551 | €5,086 | €29,738 | -€46,194 | ▼ 255% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €70,948 ▲60.3%
Operating result €96,118, net result €70,948, both a record.
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €222,970 ▲23.6%
5 profitable years in a row build equity to €222,970.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €180,453 ▲28.3%
4 profitable years in a row build equity to €180,453.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €20,998 ▼45.5%
Net result drops to €20,998, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €107,800 ▲24.2%
2 profitable years in a row build equity to €107,800.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Keerbergen · 1 establishment unit since 2016
Ground area
781 m²
Building footprint
116 m²
Parcel 24048B0592/00L000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Broekelei 9, 3140 Keerbergen
since 20162.252.953.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048B0592/00L000 | Flanders | 781 m² | 1 · 116 m² | - |
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.
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Of 3,149 companies in sector 63920 we hold annual accounts for 1,524. 1,217 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.