QUALITY EXPRESSION

In bankruptcy Private limited company (pre-2019)founded 2001Brugseweg 20, 8900 YpresKBO/BCE: BE 0475.027.608

QUALITY EXPRESSION

Financial year 2024

Follow Report

Annual accounts 2024

micro format, filed on 18-08-2025, 18 days late

-€8,741

▼ €8,084

-€9,469

▼ €6,090

-€10,780

▼ €5,985

-€9,357

▼ €10,682

-133.1%

▼ 102.2 percentage points

0.58

▼ 0.49

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €12,924 on 31-12-2024

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

-133.1%

Lower than 95% of 35,957 companies in 2024.

0.58

Higher than 9% of 35,355 companies in 2024.

-83.4%

Lower than 95% of 35,539 companies in 2024.

QUALITY EXPRESSION Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	12,924	20,801	18,740	10,126	18,877	18,466	36,210	22,029	27,176	22,752	22,457	26,785	21,894	41,515	53,127	70,658	90,250	32,572	48,520
`21/28`	180	278	514	3,738	6,273	9,616	12,959	1,822	2,273	2,007	3,081	2,065	8,119	17,413	25,708	35,869	33,498	5,199	13,463
`22/27`	-	98	334	3,558	6,093	9,436	12,779	1,822	2,273	2,007	3,081	2,065	8,119	17,413	25,708	35,869	33,498	5,199	13,463
`23`	-	-	-	-	118	474	830	1,404	1,388	655	1,032	1,408	7,129	8,426	9,870	12,264	3,628	4,919	6,209
`24`	-	98	334	3,558	5,975	8,962	11,949	418	885	1,352	2,049	657	990	1,520	902	1,203	-	-	6,693
`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	280	561
`28`	180	180	180	180	180	180	180	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	12,744	20,523	18,226	6,389	12,605	8,850	23,251	20,207	24,903	20,745	19,376	24,719	13,775	24,101	27,419	34,789	56,753	27,373	35,056
`3`	-	-	81	1,026	900	-	-	-	-	-	-	-	852	407	975	1,187	1,895	6,716	5,677
`30/36`	-	-	81	1,026	900	-	-	-	-	-	-	-	852	407	975	1,187	1,187	3,221	4,960
`37`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	708	3,495	717
`40/41`	12,744	20,444	18,146	4,472	11,637	8,023	14,439	15,874	22,759	20,636	19,297	24,549	11,210	19,459	22,539	24,770	24,261	15,006	25,396
`40`	12,255	20,161	18,139	3,694	11,164	7,931	14,436	14,997	21,984	20,262	19,126	23,707	10,722	17,846	21,755	23,096	24,258	12,072	23,535
`41`	489	283	7	778	473	93	3	877	776	374	170	842	488	1,613	784	1,674	4	2,934	1,861
`54/58`	-	-	-	-	-	-	8,034	4,333	2,143	109	79	171	800	3,853	3,906	8,117	28,743	4,197	2,503
`490/1`	-	79	-	892	68	827	778	-	-	-	-	-	913	382	-	716	1,853	1,453	1,480
Balance sheet: equity and liabilities
`10/49`	12,924	20,801	18,740	10,126	18,877	18,466	36,210	22,029	27,176	22,752	22,457	26,785	21,894	41,515	53,127	70,658	90,250	32,572	48,520
`10/15`	-17,198	-6,418	-1,623	-12,645	-9,911	-7,697	3,581	-249	-2,742	-3,686	-11,943	462	-23,431	-6,682	3,628	25,269	38,224	10,078	2,620
`10/11`	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	27,400	27,400
`100`	-	-	-	-	-	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	47,400	27,400	27,400
`13`	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134	2,134
`130/1`	285	285	285	285	285	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	285	285	285	285	285	285	285	285	285	285	285	285	285	285
`1311`	285	285	285	285	285	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849	1,849
`14`	-66,731	-55,952	-51,157	-62,179	-59,444	-57,230	-45,952	-49,783	-52,275	-53,220	-61,477	-49,072	-72,965	-56,216	-45,906	-24,265	-11,310	-19,456	-26,913
`17/49`	30,121	27,219	20,363	22,772	28,788	26,162	32,628	22,278	29,917	26,438	34,400	26,323	45,325	48,197	49,499	45,389	52,027	22,494	45,899
`17`	8,021	8,021	6,875	6,875	6,875	6,875	8,125	-	-	-	-	-	-	4,430	8,971	13,229	17,345	-	-
`170/4`	8,021	8,021	6,875	6,875	6,875	6,875	8,125	-	-	-	-	-	-	4,430	8,971	13,229	17,345	-	-
`42/48`	22,101	19,198	13,489	15,897	21,913	19,174	24,388	22,278	29,917	26,438	34,400	26,323	45,325	43,767	40,528	32,160	34,657	22,469	45,810
`42`	-	-	1,146	1,146	1,146	1,250	1,250	-	-	-	-	-	4,430	4,747	4,258	4,116	3,821	-	-
`43`	6,344	10,090	1,822	2,652	5,418	2,806	-	-	5	-	8,817	1,409	5,861	7,424	4,724	-	-	-	-
`430/8`	6,344	10,090	1,822	2,652	5,418	2,806	-	-	5	-	8,817	1,409	5,861	7,424	4,724	-	-	-	-
`44`	3,337	3,033	3,274	2,874	2,538	1,863	2,545	3,608	9,202	2,676	3,464	3,966	11,551	5,657	4,178	1,298	3,379	2,194	5,448
`440/4`	3,337	3,033	3,274	2,874	2,538	1,863	2,545	3,608	9,202	2,676	3,464	3,966	11,551	5,657	4,178	1,298	3,379	2,194	5,448
`45`	825	1,153	2,332	1,025	1,510	1,103	3,947	1,865	1,775	1,913	624	942	2,906	1,436	1,960	1,200	3,898	-	6,739
`450/3`	825	1,153	832	275	10	103	2,447	365	275	413	624	942	2,906	1,436	1,960	1,200	2,648	-	1,339
`454/9`	-	-	1,500	750	1,500	1,000	1,500	1,500	1,500	1,500	-	-	-	-	-	-	1,250	-	5,400
`47/48`	11,595	4,922	4,914	8,200	11,303	12,152	16,646	16,805	18,936	21,850	21,495	20,006	20,577	24,503	25,409	25,546	23,559	20,275	33,624
`492/3`	-	-	-	-	-	114	115	-	-	-	-	-	-	-	-	-	25	25	89
Income statement
`76A`	-	-	-	-	-	-	1,200	-	-	-	-	18,264	-	-	-	-	12,231	-	-
`9900`	-8,741	-658	15,334	1,594	2,856	3,963	9,029	4,820	3,060	10,749	-9,777	9,929	-4,281	3,514	-6,589	2,656	11,454	19,304	10,278
`62`	-	312	5	28	581	69	175	166	240	147	-	24	-	24	102	-	-	-	20,920
`630`	98	236	3,224	3,244	3,343	3,343	3,979	1,041	923	1,074	1,074	992	9,295	10,236	10,162	10,162	9,038	8,264	12,194
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	405	-	-
`640/8`	630	2,172	211	298	254	321	673	839	458	597	728	1,607	1,496	1,604	1,395	2,331	3,685	3,294	4,179
`66A`	-	-	-	-	-	-	-	-	-	-	-	680	-	-	-	-	-	-	-
`9901`	-9,469	-3,379	11,895	-1,977	-1,323	230	4,202	2,773	1,438	8,930	-11,580	7,306	-15,072	-8,350	-18,247	-9,837	-1,674	7,746	-27,016
`75/76B`	-	-	-	-	-	-	-	0	-	-	-	210	-	-	77	29	23	15	5
`75`	-	-	-	-	-	-	-	0	-	-	-	210	-	-	77	29	23	15	5
`65/66B`	1,311	1,416	873	758	891	11,508	371	281	494	674	825	1,141	1,677	1,960	3,470	3,148	2,435	287	364
`65`	1,311	1,416	873	758	891	11,508	371	281	494	674	825	1,141	1,677	1,960	3,470	3,148	2,435	287	364
`9903`	-10,780	-4,795	11,022	-2,735	-2,214	-11,278	3,831	2,492	945	8,257	-12,405	23,960	-16,749	-10,310	-21,641	-12,955	8,146	7,475	-27,374
`67/77`	-	-	-	-	-	-	-	-	-	-0	-	67	-	-	-	-	-	18	-461
`9904`	-10,780	-4,795	11,022	-2,735	-2,214	-11,278	3,831	2,492	945	8,257	-12,405	23,893	-16,749	-10,310	-21,641	-12,955	8,146	7,457	-26,913
`9905`	-10,780	-4,795	11,022	-2,735	-2,214	-11,278	3,831	2,492	945	8,257	-12,405	23,893	-16,749	-10,310	-21,641	-12,955	8,146	7,457	-26,913
Appropriation of the result
`9906`	-66,731	-55,952	-51,157	-62,179	-59,444	-57,230	-45,952	-49,783	-52,275	-53,220	-61,477	-49,072	-72,965	-56,216	-45,906	-24,265	-11,310	-19,456	-26,913
`14P`	-55,952	-51,157	-62,179	-59,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.6
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	792
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 18-08-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2024 annual accounts filed 18 days after the deadline. Filed on 18 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00380560.

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	18-08-2025	2025-00380560	PDF
31-12-2023	micro format	23-08-2024	2024-00370157	PDF
31-12-2022	micro format	04-07-2023	2023-00221832	PDF
31-12-2021	micro format	24-08-2022	2022-20318980	PDF
31-12-2020	micro format	26-08-2021	2021-54900032	PDF
31-12-2019	micro format	03-04-2020	2020-08900300	PDF
31-12-2018	micro format	21-08-2019	2019-48800079	PDF
31-12-2017	micro format	21-08-2018	2018-48300521	PDF
31-12-2016	micro format	24-04-2017	2017-10200070	PDF
31-12-2015	abbreviated format	04-07-2016	2016-28300330	PDF
31-12-2014	abbreviated format	27-08-2015	2015-49300373	PDF
31-12-2013	abbreviated format	19-08-2014	2014-44000350	PDF
31-12-2012	abbreviated format	29-08-2013	2013-52900054	PDF
31-12-2011	abbreviated format	19-07-2012	2012-31900588	PDF
31-12-2010	abbreviated format	22-08-2011	2011-42700210	PDF
31-12-2009	abbreviated format	12-07-2010	2010-31300479	PDF
31-12-2008	abbreviated format	22-06-2009	2009-27400301	PDF
31-12-2007	abbreviated format	14-07-2008	2008-41100021	PDF
31-12-2006	abbreviated format	27-07-2007	2007-50600239	PDF
31-12-2005	abbreviated format	26-07-2006	2006-54101100	PDF
31-12-2004	abbreviated format	07-07-2005	2005-44302856	PDF
31-12-2003	abbreviated format	20-08-2004	2004-60705086	PDF
31-12-2002	abbreviated format	11-08-2003	2003-58900045	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-9,371	-3,142	15,118	1,267	2,020	3,573	8,181	3,814	2,362	10,004	-10,506	8,299	-5,777	1,886	-8,086	325	7,364	16,010	-14,821
-10,682	-4,558	14,246	510	1,129	-7,935	7,810	3,534	1,868	9,330	-11,331	24,885	-7,454	-74	-11,479	-2,794	17,184	15,721	-14,719
0	0	0	709	0	0	15,117	591	1,189	0	2,089	247	0	1,942	0	12,533	37,337	0	-
-	-	-	-	-	-	3,701	2,189	2,034	30	-92	-629	-3,054	-52	-4,211	-20,626	24,546	1,694	-
-9,357	1,325	4,738	-9,508	-9,309	-10,324	-1,138	-2,071	-5,014	-5,693	-15,024	-1,604	-31,550	-19,666	-13,109	2,628	22,096	4,903	-10,754
-133.1%	-30.9%	-8.7%	-124.9%	-52.5%	-41.7%	9.9%	-1.1%	-10.1%	-16.2%	-53.2%	1.7%	-107.0%	-16.1%	6.8%	35.8%	42.4%	30.9%	5.4%
0.58	1.07	1.35	0.40	0.58	0.46	0.95	0.91	0.83	0.78	0.56	0.94	0.30	0.55	0.68	1.08	1.64	1.22	0.77
0.58	1.07	1.35	0.34	0.53	0.46	0.95	0.91	0.83	0.78	0.56	0.94	0.29	0.54	0.65	1.04	1.58	0.92	0.64
-	-	-	-	-	-	9.11	-	-	-	-	-	-	-	13.64	1.80	1.36	2.23	17.52
-	-	-	-	-	-	107.0%	-	-	-	-	-	-	-	-596.5%	-51.3%	21.3%	74.0%	-
-83.4%	-23.1%	58.8%	-27.0%	-11.7%	-61.1%	10.6%	11.3%	3.5%	36.3%	-55.2%	89.2%	-76.5%	-24.8%	-40.7%	-18.3%	9.0%	22.9%	-55.5%
-7.15	-2.22	17.32	1.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€709
	€98	€236	€3,224	€3,244

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on QUALITY EXPRESSION

The operating result for 2024 is a loss of €9,469, larger than the loss of €3,379 in 2023. It is the lowest result since 2014.

Equity is negative. Debt (€30,121) exceeds the balance-sheet total (€12,924).

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency-133.1%

Current ratio0.58

Return on assets-83.4%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on QUALITY EXPRESSION

in euro

-133.1%

0.58

-83.4%