QUALITY TRANS

Active

Private limited companyfounded 201114 yrs activeOndernemersstraat 21, 2500 Lier, BelgiumKBO/BCE: BE 0841.878.539

The computed 12-month bankruptcy probability of QUALITY TRANS is 1.8% (moderate). The 2024 annual accounts show equity of €68k and a net result of €3k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 6717 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability60▼-7

Solvency47▲+7

Growth52▼-12

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.03 against 1.08 in 2023; short-term debt: 65.9% and cash: 6% of total assets), and 77.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

22.5%

Return on assets

0.9%

Age of the figures

21 mo

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 28-11-2025, 120 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

120 d late

2023

61 d late

2022

77 d late

2021

61 d late

2020

425 d late

2019

76 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€1.71M▲ 27.2%

2023 · €1.34M

2018: €1.25M 2019: €1.22M 2020: €938k 2021: €1.17M 2022: €1.19M 2023: €1.34M

2018 → 2024

EBIT margin

1.7%▼ 2.4pp

2023 · 4.1%

2018: 1.8% 2019: 0.3% 2020: -2.6% 2021: 5.7% 2022: 3.7% 2023: 4.1%

2018 → 2024

Net result

€3k▼ 83.4%

2023 · €16k

2018: €3k 2019: €3k 2020: €-39k 2021: €15k 2022: €16k 2023: €16k

2018 → 2024

Working capital

€7k▼ 69.2%

2023 · €21k

2018: €45k 2019: €48k 2020: €33k 2021: €6k 2022: €25k 2023: €21k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€938k-€1.17M▲ 24.6%€1.19M▲ 2.0%€1.34M▲ 12.5%€1.71M▲ 27.2%

Equity€19k-€34k▲ 79.8%€50k▲ 48.7%€66k▲ 31.0%€68k▲ 3.9%

Operating result€-25k-€66k€44k▼ 33.5%€55k▲ 24.0%€28k▼ 48.4%

Net result€-39k-€15k€16k▲ 9.7%€16k▼ 5.2%€3k▼ 83.4%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 48% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €304k

31.9%

68.1%

Fixed assets €97k▼ 32.2%

Current assets €207k▼ 31.9%

Equity and liabilities €304k

22.5%

77.5%

Equity €68k▲ 3.9%

Debt €236k▼ 38.2%

The debt ratio falls from 85.3% to 77.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€81k▼

2023 · €113k

Cash flow

€55k▼

2023 · €74k

Solvency

22.5%▲

2023 · 14.7%

Current ratio

1.03▼

2023 · 1.08

Quick ratio

0.75▲

2023 · 0.73

Debt / equity

3.45▼

2023 · 5.81

ROE

3.8%▼

2023 · 23.7%

ROA

0.9%▼

2023 · 3.5%

Interest coverage

12.31▲

2023 · 12.15

Debt

€236k▼

2023 · €382k

Debt ≤ 1 year

€201k▼

2023 · €283k

Debt > 1 year

€35k▼

2023 · €99k

Income taxes

€22k▼

2023 · €28k

Staff costs

€184k▼

2023 · €186k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€447k€304k▼

Fixed assets21/28€143k€97k▼

Tangible fixed assets22/27€113k€66k▼

Plant, machinery and equipment23€1k€2k▲

Furniture and vehicles24€57k€30k▼

Leasing and similar rights25€55k€34k▼

Financial fixed assets28€30k€31k▲

Current assets29/58€304k€207k▼

Stocks and contracts in progress3€97k€56k▼

Stocks30/36€97k€56k▼

Amounts receivable within one year40/41€168k€133k▼

Trade receivables40€167k€132k▼

Other amounts receivable41€558€745▲

Cash at bank and in hand54/58€40k€18k▼

Equity and liabilities

Total equity and liabilities10/49€447k€304k▼

Equity10/15€66k€68k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€45k€48k▲

Amounts payable17/49€382k€236k▼

Amounts payable after more than one year17€99k€35k▼

Financial debts170/4€70k€6k▼

Other amounts payable178/9€29k€29k=

Amounts payable within one year42/48€283k€201k▼

Current portion of amounts payable after more than one year42€59k€61k▲

Trade debts44€119k€58k▼

Suppliers440/4€119k€58k▼

Taxes, remuneration and social security45€61k€64k▲

Taxes450/3€30k€18k▼

Remuneration and social security454/9€30k€45k▲

Other amounts payable47/48€44k€18k▼

Income statement Code20232024

Turnover70€1.34M€1.71M▲

Goods, raw materials, services and sundry goods60/61€1.02M€1.41M▲

Remuneration, social security and pensions62€186k€184k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€52k▼

Other operating charges640/8€19k€33k▲

Gross operating margin9900€318k€298k▼

Operating profit (loss)9901€55k€28k▼

Financial income75/76B€2k€11k▲

Recurring financial income75€2k€2k▼

Non-recurring financial income76B€3€10k▲

Financial charges65/66B€13k€15k▲

Recurring financial charges65€9k€7k▼

Non-recurring financial charges66B€4k€8k▲

Profit (loss) for the period before taxes9903€44k€24k▼

Income taxes67/77€28k€22k▼

Profit (loss) for the period9904€16k€3k▼

Profit (loss) for the period to be appropriated9905€16k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€45k€48k▲

Profit (loss) brought forward from the previous period14P€30k€45k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

28-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 120 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

16-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 77 days late

2022

31-12

Financial Highest result since 2018net €16k ▲9.7%

Net result €16k, the highest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 61 days late

29-09

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 425 days late

2021

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

2020

31-12

Financial Weakest financial yearnet €-39k ▼1436%

Net result drops to €-39k, the lowest in the series; recovery starts the following year.

15-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 76 days late

2019

04-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 35 days late

2018

28-03

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

12-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 43 days late

2016

22-11

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 114 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 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, Lier · 2 establishment units since 2016

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ondernemersstraat 212500 Lier

Ground area

4,486 m²

Building footprint

1,905 m²

Volume, LiDAR

1,465 m³