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QUALITY FIRST

Active
Private limited companyfounded 1994active for 32 yearsVriendschapslaan 1A, 2960 Brecht, BelgiumKBO/BCE: BE 0453.537.554
Summary

QUALITY FIRST has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,470 and a net result of €4,849. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 93% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 30-09-1994 Normal situation
Activity
Wholesale trade NACE 46442and 1 other
Establishment unit
2.070.344.244 2960 Brecht, since 09-12-1997
Financial year end
31 December
Peppol
Reachable since 30-01-2025

Board and ownership

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€16,716
▲ 37.4%
Turnover
≈ €160,000
estimated
Profit
€4,849
▲ 13.0%
Equity
€91,470
▼ 12.5%
Total assets
€97,892
▼ 15.3%
Filed on 19-06-2026, 42 days before the deadline
Score breakdownraises riskSector: Wholesale trade (NACE 46)lowers riskLiquidity: current ratio 14.91, cash €68,856Equity €91,470 (93.4% of total assets)Founded in 1994Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 93.4% of total assets
Liquidity 100=
short-term debt 5.8% · cash 70.3%
Profitability 75+2
return on assets 5.0%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.91 (9.13 in 2024), above the usual 1.5. Short-term debt is 5.8% and cash 70.3% of total assets. 6.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 63% on profitability and 24% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 14.91, cash €68,856
NBB · annual accounts
lowers risk · Equity €91,470 (93.4% of total assets)
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Wholesale trade (NACE 46)
KBO
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
22 days late
2023
30 days late
2022
59 days early
2021
10 days late
2020
1 day early
2019
56 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 August (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 93% of companies in wholesale tradesector median 40.6% · 13,741 companies 93.4% View
  • Positive: 6 profitable years in a rowprofit 2025: €4,849 6 years View

Recent changes

  1. · Gazette deed Resignation: dE KORT Maurizio Angelo (statutory manager)Reappointment: dE KORT Maurizio Angelo (director)
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as QUALITY FIRST: wholesale trade (NACE 46442). They are comparable in size and age: total assets between €68,300 and €155,000, founded between 1988 and 2002.

CompanyTotal assetsGross margin
QUALITY FIRST Brecht€97,892€16,716
DELTA SOL Dilbeek€85,104€16,853
POLYTEC Temse€131,090€13,109
Rifflart & co Anderlecht€115,305€28,777
INDIGO WOONDECORATIE Antwerpen€155,491€10,848
INTERNATIONAL BEST COMPANY Antwerpen€68,343€17,611
GNS Special Products Ravels€94,134€46,544
Full comparison

Key facts about QUALITY FIRST

What is the company number of QUALITY FIRST?
The company number of QUALITY FIRST is 0453.537.554. The VAT number is the same number with BE in front: BE 0453.537.554.
Where is QUALITY FIRST based?
The registered office is at Vriendschapslaan 1A, 2960 Brecht.Company details
What does QUALITY FIRST do?
According to the KBO register, the main activity is wholesale trade (NACE 46442).
What is the legal form of QUALITY FIRST?
The legal form of QUALITY FIRST is Private limited company (BV).
When was QUALITY FIRST founded?
QUALITY FIRST was founded on 30-09-1994.
Is QUALITY FIRST still active?
Yes, QUALITY FIRST is an active enterprise in the KBO register.
What is the turnover of QUALITY FIRST?
The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €16,716 and 41 comparable companies (NACE 464). It probably lies between €94,000 and €670,000. It is a rough estimate.Financials
Is QUALITY FIRST profitable?
In financial year 2025, QUALITY FIRST made a profit of €4,849.
Where can I find the annual accounts of QUALITY FIRST?
QUALITY FIRST filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of QUALITY FIRST due?
QUALITY FIRST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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