Quality Management Projects
ActiveSummary
Quality Management Projects has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €69k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+3
Solvency84▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 10.83 in 2024; short-term debt: 34.3% and cash: 29.1% of total assets), and 41.4% of the assets are financed with debt.
Credit check for your own amount and term
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
58.6%
Return on assets
17.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-01-2026, 110 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
110 d early
2024
43 d early
2023
119 d early
2022
38 d early
2021
36 d early
2020
37 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€233k▼ 15.0%
2024 · €274k
2018: €67k
2019: €71k▲ +6.0% vs 2018
2020: €62k▼ -11.9% vs 2019lowest in 8 years
2021: €91k▲ +45.1% vs 2020
2022: €158k▲ +74.2% vs 2021
2023: €221k▲ +39.7% vs 2022
2024: €274k▲ +24.1% vs 2023highest in 8 years
2025: €233k▼ -15.0% vs 2024
2018 → 2025
Total assets
€397k▲ 14.1%
2024 · €348k
2018: €90k
2019: €83k▼ -7.7% vs 2018
2020: €70k▼ -15.8% vs 2019lowest in 8 years
2021: €101k▲ +44.0% vs 2020
2022: €172k▲ +70.8% vs 2021
2023: €330k▲ +91.5% vs 2022
2024: €348k▲ +5.5% vs 2023
2025: €397k▲ +14.1% vs 2024highest in 8 years
2018 → 2025
Net result
€69k▲ 29.8%
2024 · €53k
2018: €20k
2019: €4k▼ -79.8% vs 2018
2020: €-8k▼ -312% vs 2019lowest in 8 years
2021: €28k▲ +433% vs 2020
2022: €67k▲ +139% vs 2021
2023: €63k▼ -6.9% vs 2022
2024: €53k▼ -15.0% vs 2023
2025: €69k▲ +29.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€203k▼ 17.3%
2024 · €246k
2018: €67k
2019: €70k▲ +4.9% vs 2018
2020: €61k▼ -13.0% vs 2019lowest in 8 years
2021: €84k▲ +37.9% vs 2020
2022: €155k▲ +84.5% vs 2021
2023: €188k▲ +21.2% vs 2022
2024: €246k▲ +30.6% vs 2023highest in 8 years
2025: €203k▼ -17.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€158k▲ 74.2%€221k▲ 39.7%€274k▲ 24.1%€233k▼ 15.0%
2021: €91klowest in 5 years
2022: €158k▲ +74.2% vs 2021
2023: €221k▲ +39.7% vs 2022
2024: €274k▲ +24.1% vs 2023highest in 5 years
2025: €233k▼ -15.0% vs 2024
Operating result€35k-€85k▲ 146%€80k▼ 6.5%€69k▼ 13.9%€88k▲ 28.0%
2021: €35klowest in 5 years
2022: €85k▲ +146% vs 2021
2023: €80k▼ -6.5% vs 2022
2024: €69k▼ -13.9% vs 2023
2025: €88k▲ +28.0% vs 2024highest in 5 years
Net result€28k-€67k▲ 139%€63k▼ 6.9%€53k▼ 15.0%€69k▲ 29.8%
2021: €28klowest in 5 years
2022: €67k▲ +139% vs 2021
2023: €63k▼ -6.9% vs 2022
2024: €53k▼ -15.0% vs 2023
2025: €69k▲ +29.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€57k ▼ 25.5%
Current assets
€339k ▲ 25.3%
Equity and liabilities €397k
Equity
€233k ▼ 15.0%
Debt
€164k ▲ 121%
Debt's share of the balance-sheet total rises from 21.3% to 41.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€113k▲
2024 · €93k
Cash flow
€94k▲
2024 · €78k
Current ratio
2.50▼
2024 · 10.83
Debt to equity
0.71▲
2024 · 0.27
ROE
29.7%▲
2024 · 19.4%
ROA
17.4%▲
2024 · 15.3%
Interest coverage
64.27▲
2024 · 36.98
Debt ≤ 1 year
€136k▲
2024 · €25k
Debt > 1 year
€26k▼
2024 · €48k
Income taxes
€18k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€348k€397k▲
Fixed assets21/28€77k€57k▼
Tangible fixed assets22/27€77k€57k▼
Land and buildings22-€4k
Plant, machinery and equipment23€920€670▼
Furniture and vehicles24€76k€53k▼
Current assets29/58€271k€339k▲
Amounts receivable within one year40/41€29k€24k▼
Trade receivables40€24k€21k▼
Other amounts receivable41€5k€3k▼
Current investments50/53-€200k
Cash at bank and in hand54/58€242k€115k▼
Equity and liabilities
Total equity and liabilities10/49€348k€397k▲
Equity10/15€274k€233k▼
Contributions10/11€19k€19k=
Reserves13€255k€214k▼
Distributable reserves133€255k€214k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€74k€164k▲
Amounts payable after more than one year17€48k€26k▼
Financial debts170/4€48k€26k▼
Amounts payable within one year42/48€25k€136k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€1k€1k=
Suppliers440/4€1k€1k=
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3-€2k
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48-€111k
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€945€826▼
Gross operating margin9900€94k€114k▲
Operating profit (loss)9901€69k€88k▲
Financial income75/76B€850€746▼
Recurring financial income75€850€746▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€67k€87k▲
Income taxes67/77€14k€18k▲
Profit (loss) for the period9904€53k€69k▲
Profit (loss) for the period to be appropriated9905€53k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€69k▲
Transfer from equity791/2-€41k
Transfer to equity691/2€53k€0▼
To other reserves6921€53k€0▼
Profit to be distributed694/7-€110k
Return on contributions (dividend)694-€110k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €21k | €24k | €25k | ▲ 2.2% |
| Other operating charges640/8 | - | €626 | €433 | €945 | €826 | ▼ 12.6% |
| Gross operating margin9900 | €37k | €89k | €101k | €94k | €114k | ▲ 20.8% |
| Operating profit (loss)9901 | €35k | €85k | €80k | €69k | €88k | ▲ 28.0% |
| Financial income75/76B | - | €0 | €2k | €850 | €746 | ▼ 12.3% |
| Recurring financial income75 | €0 | €0 | €2k | €850 | €746 | ▼ 12.3% |
| Non-recurring financial income76B | - | - | €2k | - | - | - |
| Financial charges65/66B | - | €65 | €3k | €3k | €2k | ▼ 30.3% |
| Recurring financial charges65 | €133 | €65 | €3k | €3k | €2k | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €35k | €85k | €79k | €67k | €87k | ▲ 29.6% |
| Income taxes67/77 | €6k | €18k | €16k | €14k | €18k | ▲ 29.0% |
| Profit (loss) for the period9904 | €28k | €67k | €63k | €53k | €69k | ▲ 29.8% |
| Profit (loss) for the period to be appropriated9905 | €28k | €67k | €63k | €53k | €69k | ▲ 29.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €172k | €330k | €348k | €397k | ▲ 14.1% |
| Fixed assets21/28 | €7k | €4k | €102k | €77k | €57k | ▼ 25.5% |
| Tangible fixed assets22/27 | €7k | €4k | €102k | €77k | €57k | ▼ 25.5% |
| Land and buildings22 | - | - | - | - | €4k | - |
| Plant, machinery and equipment23 | - | - | €1k | €920 | €670 | ▼ 27.2% |
| Furniture and vehicles24 | - | €4k | €100k | €76k | €53k | ▼ 30.7% |
| Current assets29/58 | €94k | €169k | €228k | €271k | €339k | ▲ 25.3% |
| Amounts receivable within one year40/41 | €15k | €19k | €20k | €29k | €24k | ▼ 15.8% |
| Trade receivables40 | - | €19k | €18k | €24k | €21k | ▼ 10.5% |
| Other amounts receivable41 | - | - | €1k | €5k | €3k | ▼ 42.2% |
| Current investments50/53 | - | - | - | - | €200k | - |
| Cash at bank and in hand54/58 | €79k | €150k | €208k | €242k | €115k | ▼ 52.4% |
| Deferred charges and accrued income490/1 | - | - | €596 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €172k | €330k | €348k | €397k | ▲ 14.1% |
| Equity10/15 | €91k | €158k | €221k | €274k | €233k | ▼ 15.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €72k | €139k | €202k | €255k | €214k | ▼ 16.0% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €137k | €202k | €255k | €214k | ▼ 16.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €10k | €14k | €109k | €74k | €164k | ▲ 121% |
| Amounts payable after more than one year17 | - | - | €69k | €48k | €26k | ▼ 45.3% |
| Financial debts170/4 | - | - | €69k | €48k | €26k | ▼ 45.3% |
| Amounts payable within one year42/48 | €10k | €13k | €40k | €25k | €136k | ▲ 444% |
| Current portion of amounts payable after more than one year42 | - | - | €21k | €21k | €22k | ▲ 3.1% |
| Trade debts44 | €2k | €1k | €1k | €1k | €1k | = |
| Suppliers440/4 | - | €1k | €1k | €1k | €1k | = |
| Taxes, remuneration and social security45 | - | €9k | €12k | €3k | €2k | ▼ 38.0% |
| Taxes450/3 | - | €9k | €12k | - | €2k | - |
| Remuneration and social security454/9 | - | - | - | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €3k | €7k | - | €111k | - |
| Accrued charges and deferred income492/3 | - | €1k | - | €1k | €2k | ▲ 61.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €67k | €63k | €53k | €69k | ▲ 29.8% |
| + Depreciation and write-downs630 | €2k | €3k | €21k | €24k | €25k | ▲ 2.2% |
| Operating cash flow (approximation) | €30k | €70k | €83k | €78k | €94k | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €0 | €-119k | €0 | €-5k | - |
| Change in cash | - | €71k | €58k | €34k | €-127k | ▼ 468% |
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
10-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €69k ▲29.8%
Operating result €88k, net result €69k, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €221k ▲39.7%
3 profitable years in a row build equity to €221k.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150kEq €158k ▲74.2%
2 profitable years in a row build equity to €158k.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tessenderlo-Ham · 1 establishment unit since 2015
Ground area
985 m²
Building footprint
171 m²
Parcel 71363C0282/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Q.M.Pr
since 20152.248.013.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0282/00L000 | Flanders | 985 m² | 1 · 171 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.
Recognitions · licences · registrations
Legal Entity Identifier
89450099HSI4XAPL6995
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,224 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
Founded30-11-2015
Fiscal year end30-09
Abbreviation NL
Q.M.Pr.
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.