QUALITY DRIVING
ActiveSummary
The computed 12-month bankruptcy probability of QUALITY DRIVING is 9.9% (elevated). The annual accounts of QUALITY DRIVING for fiscal year 2024 show a net loss of 70% of the equity at the start of that year. The 2024 annual accounts show equity of €1,699 and a net result of -€3,891. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 6720 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency33▼-40
Growth71▲+19
Track record100
Bankruptcy probability, 12 months
9.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 1.92 in 2023; short-term debt: 92.2% and cash: 2.4% of total assets), and 92.2% of the assets are financed with debt.
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Signals
Eight 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 · 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 2024Solvency, return and age of the figures
Solvency
7.8%
Return on assets
-18%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€3,891
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 6720 sector peers (2024).
NBB · sector comparisonPosition among 6720 sector peers
Solvency
better than 21%
← weakest
strongest →
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 23-12-2025, 145 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
145 d late
2023
22 d early
2022
51 d late
2021
28 d late
2020
8 d early
2019
70 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 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€30,925▲ 61.9%
2020 · €19,097
EBIT margin
-11.4%▲ 24.9pp
2020 · -36.3%
Net result
-€3,891▲ 54.3%
2023 · -€8,522
Working capital
-€9,895
2023 · €5,590
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€19,097▼ 11.0%€30,925
Operating result-€6,936▲ 62.2%€13,161€11,409▼ 13.3%-€6,945-€3,534▲ 49.1%
Net result-€7,091below the sector's middle half▲ 61.6%€11,269within the sector's middle half€9,783within the sector's middle half▼ 13.2%-€8,522below the sector's middle half-€3,891below the sector's middle half▲ 54.3%
EBIT margin-36.3%▲ 49.2pp-11.4%
Equity-€6,939below the sector's middle half€4,329below the sector's middle half€14,112within the sector's middle half▲ 226%€5,590below the sector's middle half▼ 60.4%€1,699below the sector's middle half▼ 69.6%
Total assets€3,526below the sector's middle half▼ 55.1%€20,449below the sector's middle half▲ 480%€19,253below the sector's middle half▼ 5.8%€11,645below the sector's middle half▼ 39.5%€21,654below the sector's middle half▲ 85.9%
Debt€10,465▲ 35.8%€16,120▲ 54.0%€5,141▼ 68.1%€6,055▲ 17.8%€19,955▲ 230%
Working capital-€6,939within the sector's middle half€4,329within the sector's middle half€14,112within the sector's middle half▲ 226%€5,590within the sector's middle half▼ 60.4%-€9,895within the sector's middle half
Solvency21.2%within the sector's middle half73.3%above the sector's middle half▲ 52.1pp48.0%within the sector's middle half▼ 25.3pp7.8%below the sector's middle half▼ 40.2pp
Current ratio1.27within the sector's middle half3.75above the sector's middle half▲ 2.481.92within the sector's middle half▼ 1.820.50below the sector's middle half▼ 1.42
Return on assets (ROA)55.1%above the sector's middle half50.8%above the sector's middle half▼ 4.3pp-73.2%below the sector's middle half▼ 124.0pp-18.0%below the sector's middle half▲ 55.2pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,534 in 2024 against €6,945 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21,654
Fixed assets
€11,594
Current assets
€10,060
Equity and liabilities €21,654
Equity
€1,699 ▼ 69.6%
Debt
€19,955 ▲ 230%
Debt's share of the balance-sheet total rises from 52.0% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,003
Cash flow
-€2,360
Debt to equity
11.75▲
2023 · 1.08
ROE
-229.0%▼
2023 · -152.4%
Interest coverage
-5.61
Debt ≤ 1 year
€19,955▲
2023 · €6,055
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.6%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 9.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 647 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €19,097 | - | - | - | €30,925 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €31,719 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,531 | - |
| Other operating charges640/8 | - | - | €13 | €1,324 | €1,209 | ▼ 8.7% |
| Gross operating margin9900 | -€6,254 | €13,161 | €11,422 | -€5,620 | -€794 | ▲ 85.9% |
| Operating profit (loss)9901 | -€6,936 | €13,161 | €11,409 | -€6,945 | -€3,534 | ▲ 49.1% |
| Financial income75/76B | - | €0 | €17 | - | €0 | - |
| Recurring financial income75 | €2 | €0 | €17 | - | €0 | - |
| Financial charges65/66B | - | €1,892 | €1,424 | €1,304 | €357 | ▼ 72.6% |
| Recurring financial charges65 | €157 | €1,892 | €1,424 | €1,304 | €357 | ▼ 72.6% |
| Profit (loss) for the period before taxes9903 | -€7,091 | €11,269 | €10,003 | -€8,248 | -€3,891 | ▲ 52.8% |
| Income taxes67/77 | - | - | €220 | €274 | - | - |
| Profit (loss) for the period9904 | -€7,091 | €11,269 | €9,783 | -€8,522 | -€3,891 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | -€7,091 | €11,269 | €9,783 | -€8,522 | -€3,891 | ▲ 54.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,526 | €20,449 | €19,253 | €11,645 | €21,654 | ▲ 85.9% |
| Fixed assets21/28 | - | - | - | - | €11,594 | - |
| Tangible fixed assets22/27 | - | - | - | - | €11,594 | - |
| Furniture and vehicles24 | - | - | - | - | €11,594 | - |
| Current assets29/58 | €3,526 | €20,449 | €19,253 | €11,645 | €10,060 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €1,283 | €4,876 | €8,189 | €1,673 | €7,116 | ▲ 325% |
| Trade receivables40 | - | €2,732 | €7,925 | €1,199 | €3,767 | ▲ 214% |
| Other amounts receivable41 | - | €2,145 | €264 | €474 | €3,350 | ▲ 607% |
| Cash at bank and in hand54/58 | €2,243 | €15,573 | €9,018 | €7,905 | €511 | ▼ 93.5% |
| Deferred charges and accrued income490/1 | - | - | €2,046 | €2,067 | €2,434 | ▲ 17.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,526 | €20,449 | €19,253 | €11,645 | €21,654 | ▲ 85.9% |
| Equity10/15 | -€6,939 | €4,329 | €14,112 | €5,590 | €1,699 | ▼ 69.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€25,539 | -€14,271 | -€4,488 | -€13,010 | -€16,901 | ▼ 29.9% |
| Amounts payable17/49 | €10,465 | €16,120 | €5,141 | €6,055 | €19,955 | ▲ 230% |
| Amounts payable within one year42/48 | €10,465 | €16,120 | €5,141 | €6,055 | €19,955 | ▲ 230% |
| Trade debts44 | €3,981 | €8,304 | €307 | €2,382 | €18,178 | ▲ 663% |
| Suppliers440/4 | - | €8,304 | €307 | €2,382 | €18,178 | ▲ 663% |
| Taxes, remuneration and social security45 | - | - | €232 | €494 | €274 | ▼ 44.6% |
| Taxes450/3 | - | - | €232 | €494 | €274 | ▼ 44.6% |
| Other amounts payable47/48 | - | €7,815 | €4,602 | €3,179 | €1,503 | ▼ 52.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,091 | €11,269 | €9,783 | -€8,522 | -€3,891 | ▲ 54.3% |
| + Depreciation and write-downs630 | - | - | - | - | €1,531 | - |
| Operating cash flow (approximation) | -€7,091 | €11,269 | €9,783 | -€8,522 | -€2,360 | ▲ 72.3% |
| Change in cash | - | €13,330 | -€6,555 | -€1,113 | -€7,395 | ▼ 565% |
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
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 145 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 3.75
Current ratio from 1.27 to 3.75; short-term debt falls from €16,120 to €5,141.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Back to profitnet €11,269
Net result €11,269 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.27
Current ratio from 0.34 to 1.27.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
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, Brussel · 2 establishment units since 2019
Ground area
582 m²
Building footprint
301 m²
Volume, LiDAR
2,278 m³
3 parcels, Brussels, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
QUALITY DRIVING
since 20192.288.196.346
QUALITY DRIVING
since 20202.309.805.273
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069B0421/00F000 | Flanders | 337 m² | 1 · 97 m² | 0.1 m |
| 21392A0095/00P000 | Brussels | 132 m² | 1 · 91 m² | 17.5 m · 5 fl. |
| 21815D0189/00C003 | Brussels | 114 m² | 1 · 114 m² | 17.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 6,972 companies in sector 49320 we hold annual accounts for 2,716. 981 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
Founded05-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49310Scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
96999Other personal services
Contact
E-mail
INFO@CFAG.BEGanshoren
Phone
0485129434Ganshoren
E-mail
info@qualitydriving.beSint-Pieters-Leeuw
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724619890
Also
9925:BE0724619890
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.