QUALITY CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of QUALITY CONSTRUCTION is 2.1% (moderate). The 2024 annual accounts show equity of €390,342 and a net result of €58,633. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 3551 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-23
Solvency51▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.48 against 1.4 in 2023; short-term debt: 50.4% and cash: 3.9% of total assets), and 74.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
75 d late
2022
70 d late
2021
74 d late
2020
30 d late
2019
124 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 78 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#4 company by total assets in Sint-Gillis, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€58,633▼ 82.7%
2023 · €339,165
Working capital
€367,280▲ 18.5%
2023 · €309,926
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
Line20202021202220232024
Operating result€108,136▲ 50.4%-€84,079-€300,759▼ 258%€370,913€92,134▼ 75.2%
Net result€78,307▲ 39.1%-€111,216-€316,271▼ 184%€339,165€58,633▼ 82.7%
Equity€420,031▲ 22.9%€308,814▼ 26.5%-€7,457€331,709€390,342▲ 17.7%
Total assets€1.1m▲ 62.1%€1.5m▲ 42.8%€1.5m▲ 3.1%€1.5m▼ 2.1%€1.5m▲ 0.2%
Debt€630,267▲ 106%€1.2m▲ 89.0%€1.6m▲ 30.4%€1.2m▼ 23.9%€1.1m▼ 4.7%
Working capital€305,298▼ 2.6%€157,125▼ 48.5%€18,157▼ 88.4%€309,926▲ 1,607%€367,280▲ 18.5%
Staff (FTE)5.6▼ 32.5%6▲ 7.1%6=6.8
Why a figure moved sharply
- 2024 Net result -83% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
- 2022 Net result -184% on 2021. Cause not known from the registers.
- 2020 Total assets +62% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 75% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€385,757 ▼ 11.4%
Current assets
€1.1m ▲ 4.9%
Equity and liabilities €1.5m
Equity
€390,342 ▲ 17.7%
Debt
€1.1m ▼ 4.7%
Debt's share of the balance-sheet total falls from 78.1% to 74.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150,513▼
2023 · €441,994
Cash flow
€117,012▼
2023 · €410,246
Current ratio
1.48▲
2023 · 1.40
Debt to equity
2.89▼
2023 · 3.56
ROE
15.0%▼
2023 · 102.2%
ROA
3.9%▼
2023 · 22.4%
Interest coverage
12.01▼
2023 · 23.52
Debt ≤ 1 year
€764,350▼
2023 · €768,521
Debt > 1 year
€362,695▼
2023 · €412,061
Income taxes
€21,101▲
2023 · €12,958
Staff costs
€368,368▼
2023 · €462,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €284,216 | €343,825 | €462,149 | €368,368 | ▼ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,801 | €89,734 | €71,614 | €71,081 | €58,379 | ▼ 17.9% |
| Other operating charges640/8 | - | €2,212 | €5,683 | €4,364 | €3,519 | ▼ 19.4% |
| Non-recurring operating charges66A | - | €250 | €17,500 | - | €78,331 | - |
| Gross operating margin9900 | €392,611 | €292,332 | €137,863 | €908,507 | €600,731 | ▼ 33.9% |
| Operating profit (loss)9901 | €108,136 | -€84,079 | -€300,759 | €370,913 | €92,134 | ▼ 75.2% |
| Financial income75/76B | - | €122 | €1,346 | - | €129 | - |
| Recurring financial income75 | €3,936 | €122 | €1,346 | - | €129 | - |
| Financial charges65/66B | - | €27,600 | €17,445 | €18,790 | €12,529 | ▼ 33.3% |
| Recurring financial charges65 | €8,854 | €27,600 | €17,445 | €18,790 | €12,529 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €103,218 | -€111,557 | -€316,858 | €352,123 | €79,734 | ▼ 77.4% |
| Transfer from deferred taxes780 | - | €1,501 | €587 | - | - | - |
| Income taxes67/77 | €24,911 | €1,161 | - | €12,958 | €21,101 | ▲ 62.8% |
| Profit (loss) for the period9904 | €78,307 | -€111,216 | -€316,271 | €339,165 | €58,633 | ▼ 82.7% |
| Profit (loss) for the period to be appropriated9905 | €78,307 | -€111,216 | -€316,271 | €339,165 | €58,633 | ▼ 82.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.2% |
| Fixed assets21/28 | €506,493 | €729,813 | €503,015 | €435,330 | €385,757 | ▼ 11.4% |
| Tangible fixed assets22/27 | €502,493 | €725,813 | €499,015 | €431,330 | €380,757 | ▼ 11.7% |
| Land and buildings22 | - | €533,699 | €479,487 | €425,274 | €371,062 | ▼ 12.7% |
| Plant, machinery and equipment23 | - | €173,237 | €10,451 | €5,918 | €4,730 | ▼ 20.1% |
| Furniture and vehicles24 | - | €18,876 | €9,077 | €138 | €4,964 | ▲ 3,504% |
| Financial fixed assets28 | €4,000 | €4,000 | €4,000 | €4,000 | €5,000 | ▲ 25.0% |
| Current assets29/58 | €543,804 | €770,008 | €1.0m | €1.1m | €1.1m | ▲ 4.9% |
| Stocks and contracts in progress3 | - | €144,208 | €142,615 | €35,458 | - | - |
| Stocks30/36 | - | €144,208 | €142,615 | €35,458 | - | - |
| Amounts receivable within one year40/41 | €461,719 | €611,183 | €823,600 | €1.0m | €1.1m | ▲ 5.0% |
| Trade receivables40 | - | €470,878 | €728,346 | €1.0m | €1.1m | ▲ 4.1% |
| Other amounts receivable41 | - | €140,305 | €95,254 | €443 | €10,446 | ▲ 2,258% |
| Cash at bank and in hand54/58 | €81,346 | €10,748 | €75,450 | €19,733 | €59,823 | ▲ 203% |
| Deferred charges and accrued income490/1 | - | €3,868 | €1,117 | €4,709 | €1,892 | ▼ 59.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.2% |
| Equity10/15 | €420,031 | €308,814 | -€7,457 | €331,709 | €390,342 | ▲ 17.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €31,860 | ▲ 1,613% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €30,000 | - |
| Profit (loss) carried forward14 | €411,971 | €300,754 | -€15,517 | €323,649 | €352,282 | ▲ 8.8% |
| Amounts payable17/49 | €630,267 | €1.2m | €1.6m | €1.2m | €1.1m | ▼ 4.7% |
| Amounts payable after more than one year17 | €391,761 | €578,124 | €528,629 | €412,061 | €362,695 | ▼ 12.0% |
| Financial debts170/4 | - | €578,124 | €528,629 | €412,061 | €362,695 | ▼ 12.0% |
| Amounts payable within one year42/48 | €238,506 | €612,882 | €1.0m | €768,521 | €764,350 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €46,730 | €64,398 | €116,568 | €100,301 | ▼ 14.0% |
| Trade debts44 | €93,538 | €481,605 | €830,757 | €595,816 | €532,665 | ▼ 10.6% |
| Suppliers440/4 | - | €481,605 | €830,757 | €595,816 | €532,665 | ▼ 10.6% |
| Taxes, remuneration and social security45 | - | €69,116 | €80,376 | €13,292 | €131,384 | ▲ 888% |
| Taxes450/3 | - | €35,746 | €17,332 | €5,737 | €108,695 | ▲ 1,795% |
| Remuneration and social security454/9 | - | €33,371 | €63,044 | €7,555 | €22,689 | ▲ 200% |
| Other amounts payable47/48 | - | €15,431 | €49,096 | €42,846 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €1,487 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,307 | -€111,216 | -€316,271 | €339,165 | €58,633 | ▼ 82.7% |
| + Depreciation and write-downs630 | €66,801 | €89,734 | €71,614 | €71,081 | €58,379 | ▼ 17.9% |
| Operating cash flow (approximation) | €145,108 | -€21,483 | -€244,657 | €410,246 | €117,012 | ▼ 71.5% |
| Investment in fixed assets (approximation) | - | -€313,053 | €155,184 | -€3,396 | -€8,805 | ▼ 159% |
| Change in cash | - | -€70,599 | €64,703 | -€55,717 | €40,090 | ▲ 172% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 75 days late
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 75 days late
2023
31-12
Financial
Back to profitnet €339,165
Net result €339,165 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €331,709
Equity rises from -€7,457 to €331,709.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet -€316,271
Net result drops to -€316,271, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 124 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2018
Ground area
62 m²
Building footprint
53 m²
Volume, LiDAR
1,055 m³
Parcel 21562A0258/00X014, Brussels · tallest building 22.4 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
QUALITY CONSTRUCTION
since 20182.274.377.806
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0258/00X014 | Brussels | 62 m² | 1 · 53 m² | 22.4 m · 7 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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesQUALITY CONSTRUCTION SRL44915
Legal Entity Identifier
984500E2EL53EF6C7090
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,985 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
Founded20-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Contact
Website
qualityconstruction.be/fr/Sint-Gillis (bij-Brussel)
E-mail
info@qualityconstruction.beSint-Gillis (bij-Brussel)
Phone
+3224655471Sint-Gillis (bij-Brussel)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690777085
Registered
17-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.