Equity
Quality Rose has made a profit in every financial year since 2016.
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 01, micro). It does better than 56% of them on solvency, 28% on liquidity, 88% on profitability and 63% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-08-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 34,693 companies had the same profile as Quality Rose has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Quality Rose itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Quality Rose. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.58 (1.37 in 2024), above the usual 1.5. Short-term debt is 58.6% and cash 11.8% of total assets. However, 58.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Quality Rose Ichtegem | €0.8m | €201,485 | 41.4% | 0.1 |
| Bloemisterij Redant Luk Aalst | €0.8m | €447,726 | 69.5% | 0 |
| BLOEMISTERIJ DAEZE SAM & CAROLINE Destelbergen | €0.8m | €283,630 | 78.1% | - |
| BLOEMISTERIJ VANDENABEELE Moorslede | €0.4m | €146,792 | 68.3% | - |
| POMPES FUNEBRES CAILLEAUX O. Mons | €0.6m | €110,436 | 35.5% | - |
| DE SERRES Deinze | €0.8m | €216,138 | 48.4% | 1.8 |
| BLOEMISTERIJ LATHOUWERS Bilzen-Hoeselt | €1.2m | €232,734 | 17.9% | - |
These companies have the same main activity as Quality Rose: growing of flowers (NACE 01191). They are comparable in size and age: total assets between €432,000 and €1.2m, founded between 2015 and 2018.
Quality Rose files the abbreviated format. That format states no turnover. The gross margin fell from €319,568 in 2016 to €201,485 in 2025.
Allovi holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €540,000. Estimated: probably between €370,000 and €820,000.
Higher than 51% of 2,077 companies in 2025.
Higher than 53% of 2,057 companies in 2025.
Higher than 89% of 2,071 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 29 people joined and 29 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
803,731 | 857,151 | 513,919 | 644,115 | 572,690 | 825,238 | 552,028 | 298,276 | 322,423 | 216,341 | |
21/28 |
61,221 | 88,724 | 116,948 | 66,293 | 79,237 | 76,856 | 79,903 | 74,939 | 65,103 | 74,466 | |
21 |
- | - | - | - | - | - | 215 | 715 | 1,215 | 1,715 | |
22/27 |
61,221 | 88,724 | 116,948 | 66,293 | 79,237 | 76,856 | 79,688 | 74,224 | 63,888 | 72,751 | |
23 |
16,998 | 27,418 | 42,857 | 58,318 | 74,107 | 71,292 | 73,482 | 61,963 | 48,810 | 52,870 | |
24 |
44,223 | 61,306 | 74,090 | 7,975 | 5,131 | 5,563 | 6,206 | 12,261 | 15,078 | 19,881 | |
29/58 |
742,509 | 768,427 | 396,972 | 577,822 | 493,453 | 748,382 | 472,125 | 223,337 | 257,320 | 141,875 | |
29 |
4,000 | 23,489 | 19,489 | 10,339 | 10,339 | 10,339 | - | - | - | - | |
291 |
4,000 | 23,489 | 19,489 | 10,339 | 10,339 | 10,339 | - | - | - | - | |
3 |
13,778 | 12,950 | 13,708 | 13,580 | 13,920 | 14,560 | 15,600 | 20,181 | 21,036 | 20,125 | |
30/36 |
13,778 | 12,950 | 13,708 | 13,580 | 13,920 | 14,560 | 15,600 | 20,181 | 21,036 | 20,125 | |
40/41 |
624,449 | 613,167 | 229,604 | 454,848 | 301,186 | 659,735 | 337,925 | 162,608 | 43,267 | 38,349 | |
40 |
597,028 | 550,562 | 192,125 | 415,750 | 274,829 | 647,629 | 333,037 | 154,510 | 24,249 | 24,249 | |
41 |
27,421 | 62,604 | 37,479 | 39,099 | 26,356 | 12,105 | 4,888 | 8,098 | 19,018 | 14,100 | |
54/58 |
95,144 | 110,480 | 125,767 | 71,735 | 138,378 | 45,222 | 96,149 | 33,008 | 183,214 | 79,174 | |
490/1 |
5,139 | 8,341 | 8,404 | 27,320 | 29,630 | 18,526 | 22,451 | 7,540 | 9,804 | 4,228 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
803,731 | 857,151 | 513,919 | 644,115 | 572,690 | 825,238 | 552,028 | 298,276 | 322,423 | 216,341 | |
10/15 |
332,625 | 295,696 | 273,230 | 248,408 | 183,048 | 155,331 | 120,397 | 94,010 | 74,249 | 69,888 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | |
13 |
282,625 | 245,696 | 223,230 | 198,408 | 133,048 | 105,331 | 70,397 | 44,010 | 24,249 | 19,888 | |
130/1 |
- | - | 2,201 | 2,201 | 2,201 | 2,201 | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,201 | 2,201 | 1,212 | 994 | |
1311 |
- | - | 2,201 | 2,201 | 2,201 | 2,201 | - | - | - | - | |
133 |
282,625 | 245,696 | 221,029 | 196,207 | 130,848 | 103,131 | 68,197 | 41,809 | 23,037 | 18,893 | |
16 |
- | - | - | - | - | - | - | - | - | 6,400 | |
160/5 |
- | - | - | - | - | - | - | - | - | 6,400 | |
17/49 |
471,106 | 561,455 | 240,690 | 395,707 | 389,642 | 669,906 | 431,630 | 204,267 | 248,174 | 140,054 | |
17 |
511 | - | - | - | - | - | 64,256 | - | - | - | |
178/9 |
511 | - | - | - | - | - | 64,256 | - | - | - | |
42/48 |
470,595 | 559,855 | 240,690 | 395,707 | 389,642 | 669,906 | 367,375 | 204,267 | 248,174 | 140,054 | |
44 |
366,092 | 491,550 | 174,213 | 213,017 | 307,536 | 534,956 | 290,434 | 133,369 | 247,182 | 99,198 | |
440/4 |
366,092 | 491,550 | 174,213 | 213,017 | 307,536 | 534,956 | 290,434 | 133,369 | 247,182 | 99,198 | |
45 |
3,840 | 1,875 | 233 | 1,446 | 2,040 | 14,945 | 5,934 | 897 | 991 | 856 | |
450/3 |
3,489 | 1,449 | 233 | 1,446 | 2,040 | 14,945 | 2,568 | 897 | 991 | 856 | |
454/9 |
351 | 425 | - | - | - | - | 3,366 | - | - | - | |
47/48 |
100,663 | 66,430 | 66,244 | 181,244 | 80,066 | 120,006 | 71,006 | 70,000 | - | 40,000 | |
492/3 |
- | 1,600 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||
9900 |
201,485 | 157,530 | 143,797 | 327,455 | 189,174 | 276,282 | 197,847 | 199,494 | 118,011 | 319,568 | |
62 |
20,216 | 26,914 | 22,692 | 41,281 | 47,916 | 70,060 | 52,779 | 66,908 | 92,048 | 214,020 | |
630 |
30,804 | 34,703 | 23,575 | 17,695 | 19,852 | 27,909 | 37,905 | 33,842 | 22,561 | 28,512 | |
635/8 |
- | - | - | - | - | - | - | - | -6,400 | 6,400 | |
640/8 |
1,147 | 1,060 | 883 | 347 | 1,573 | 4,779 | 1,075 | 1,219 | 1,077 | 1,897 | |
66A |
- | - | - | - | - | - | - | 340 | - | - | |
9901 |
149,318 | 94,853 | 96,648 | 268,132 | 119,833 | 173,535 | 106,089 | 97,184 | 8,724 | 68,739 | |
75/76B |
- | 537 | 375 | 370 | 0 | 10 | 1,413 | 45 | 242 | 90 | |
75 |
- | 537 | 375 | 370 | 0 | 10 | 1,413 | 45 | 242 | 90 | |
65/66B |
50 | 74 | 49 | 79 | 112 | 127 | 141 | 61 | 464 | 407 | |
65 |
50 | 74 | 49 | 79 | 112 | 127 | 141 | 61 | 464 | 407 | |
9903 |
149,268 | 95,316 | 96,974 | 268,423 | 119,721 | 173,418 | 107,361 | 97,168 | 8,501 | 68,422 | |
67/77 |
12,340 | 7,849 | 7,152 | 23,064 | 12,004 | 18,484 | 9,973 | 7,408 | 4,139 | 8,535 | |
9904 |
136,929 | 87,467 | 89,822 | 245,360 | 107,717 | 154,934 | 97,387 | 89,760 | 4,362 | 59,888 | |
9905 |
136,929 | 87,467 | 89,822 | 245,360 | 107,717 | 154,934 | 97,387 | 89,760 | 4,362 | 59,888 | |
| Appropriation of the result | |||||||||||
9906 |
136,929 | 87,467 | 89,822 | 245,360 | 107,717 | 154,934 | 97,387 | 89,760 | 4,362 | 59,888 | |
691/2 |
36,929 | 22,467 | 24,822 | 65,360 | 27,717 | 34,934 | 26,387 | 19,760 | 4,362 | 19,888 | |
6920 |
- | - | - | - | - | - | - | 988 | 218 | 994 | |
6921 |
36,929 | 22,467 | 24,822 | 65,360 | 27,717 | 34,934 | 26,387 | 18,772 | 4,144 | 18,893 | |
694/7 |
100,000 | 65,000 | 65,000 | 180,000 | 80,000 | 120,000 | 71,000 | 70,000 | - | 40,000 | |
695 |
100,000 | 65,000 | 65,000 | 180,000 | 80,000 | 120,000 | 71,000 | 70,000 | - | 40,000 | |
| Social balance sheet | |||||||||||
9087 |
0.1 | 0.6 | 0.2 | 0.2 | 0.5 | 0.9 | 0.3 | 1.2 | 1.4 | 2.3 | |
Hours worked1013 |
603 | 1,147 | 738 | 1,210 | 2,084 | 3,303 | 3,179 | 3,174 | 5,905 | 14,845 | |
| Document | |||||||||||
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 2025 (PDF), filed on 31-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2025 | abbreviated format | 31-03-2026 | 2026-00072429 | |
| 31-08-2024 | abbreviated format | 18-03-2025 | 2025-00051197 | |
| 31-08-2023 | abbreviated format | 29-03-2024 | 2024-00052982 | |
| 31-08-2022 | abbreviated format | 28-03-2023 | 2023-00046773 | |
| 31-08-2021 | abbreviated format | 08-03-2022 | 2022-07200493 | |
| 31-08-2020 | abbreviated format | 30-03-2021 | 2021-08900551 | |
| 31-08-2019 | abbreviated format | 27-03-2020 | 2020-07800284 | |
| 31-08-2018 | abbreviated format | 26-02-2019 | 2019-05700491 | |
| 31-08-2017 | abbreviated format | 29-03-2018 | 2018-08300380 | |
| 31-08-2016 | abbreviated format | 31-03-2017 | 2017-08100582 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 180,122 | 129,556 | 120,223 | 285,827 | 139,684 | 201,444 | 143,994 | 131,026 | 31,285 | 97,250 | ||
| 167,732 | 122,170 | 113,397 | 263,054 | 127,569 | 182,843 | 135,292 | 123,602 | 26,923 | 88,399 | ||
| 3,301 | 6,479 | 74,230 | 4,750 | 23,216 | 24,861 | 42,869 | 44,018 | 13,198 | 102,978 | ||
| -15,336 | -15,287 | 54,032 | -66,643 | 93,156 | -50,927 | 63,141 | -150,205 | 104,040 | - | ||
| 271,915 | 208,572 | 156,282 | 182,115 | 103,811 | 78,476 | 104,750 | 19,071 | 9,146 | 1,821 | ||
| 41.4% | 34.5% | 53.2% | 38.6% | 32.0% | 18.8% | 21.8% | 31.5% | 23.0% | 32.3% | ||
| 1.58 | 1.37 | 1.65 | 1.46 | 1.27 | 1.12 | 1.29 | 1.09 | 1.04 | 1.01 | ||
| 1.55 | 1.35 | 1.59 | 1.43 | 1.23 | 1.10 | 1.24 | 0.99 | 0.95 | 0.87 | ||
| 1.42 | 1.90 | 0.88 | 1.59 | 2.13 | 4.31 | 3.59 | 2.17 | 3.34 | 2.00 | ||
| 41.2% | 29.6% | 32.9% | 98.8% | 58.8% | 99.7% | 80.9% | 95.5% | 5.9% | 85.7% | ||
| 17.0% | 10.2% | 17.5% | 38.1% | 18.8% | 18.8% | 17.6% | 30.1% | 1.4% | 27.7% | ||
| over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - |
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.
| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 | 31-08-2022 |
|---|---|---|---|---|
| 0.1 | 0.6 | 0.2 | 0.2 | |
| Joined | 29 | 50 | 23 | 42 |
| Left | 29 | 50 | 23 | 42 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 31-08-2025 | 31-08-2024 | 31-08-2023 | 31-08-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €3,301 | €6,479 | €74,230 | €4,750 |
| €30,804 | €34,703 | €23,575 | €17,695 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 57% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 65.5% to 58.6%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-09-2025 accounts of Allovi. Every holding stands with its own latest accounts.
The network starts from the shareholders of Quality Rose. Every company they also own or run is a node.
Deadline for the 2026 accounts: 31-03-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| NEYT - VAN SANTE registered office Spoorwegstraat 22, 8480 Ichtegem | 05-02-2015 | 2.241.771.354 | Farm - field crops Grower of seedlings or propagating material of ornamental plants or trees with plant passport |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35003B1294/00S000 | 7,948 m² | 1 · 2,160 m² | 7.7 m · 1 |
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