Quality Work
ActiveSummary
Quality Work has been active since 2018 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries. The 2025 annual accounts show equity of €36,158 and a net result of €49,941. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 34% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-08-2018 Normal situation
- Registered office
- 20 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Floor and wall tiling NACE 43331and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.284.378.803 1830 Machelen (Brab.), since 08-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €166,221
- ▲ 831%
- Turnover
- ≈ €550,000
- estimated
- Profit
- €49,941
- ▲ 293%
- Equity
- €36,158
- Total assets
- €113,213
- ▲ 80.8%
- Employees on 31-12-2025
- 1
Score breakdownraises risk1 change of registered office in 24 monthsEx-officio strike-off in the KBOlowers riskLiquidity: current ratio 0.82, cash €53,615Figures for financial year 2025 (filed on 16-07-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 34% of them on solvency, 62% on liquidity, 92% on profitability and 98% 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
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is nearly 3.9 times that of 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.8 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,313 | - | - | €38,425 | €14,422 |
| Financial fixed assets | - | - | - | - | €6,800 |
| Depreciation and write-downs of the year | €5,637 | €5,863 | €5,863 | €4,666 | €10,315 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €81,128 | €5,774 | €620 | €216 | €51,150 | ▲ 236× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,197 | €5,600 | €5,637 | €5,863 | €5,863 | €4,666 | €10,315 | ▲ 121% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €47,078 | - |
| Other operating charges640/8 | - | - | €412 | €30 | €30 | - | €7,580 | - |
| Non-recurring operating charges66A | - | - | - | €14,229 | - | - | - | - |
| Gross operating margin9900 | €104,253 | €4,028 | €43,953 | €19,183 | €3,838 | €17,852 | €166,221 | ▲ 831% |
| Operating profit (loss)9901 | €102,774 | -€63,768 | -€43,224 | -€6,713 | -€2,675 | €12,969 | €50,098 | ▲ 286% |
| Financial income75/76B | - | - | €2,411 | €223 | €250 | - | €127 | - |
| Recurring financial income75 | €615 | €212 | €2,411 | €223 | €250 | - | €127 | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €127 | - |
| Financial charges65/66B | - | - | -€265 | €169 | €163 | €248 | €284 | ▲ 14.4% |
| Recurring financial charges65 | €23 | €743 | -€265 | €169 | €163 | €248 | €284 | ▲ 14.4% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €284 | - |
| Profit (loss) for the period before taxes9903 | €103,366 | -€64,299 | -€40,549 | -€6,660 | -€2,588 | €12,721 | €49,941 | ▲ 293% |
| Income taxes67/77 | €30,500 | -€1,526 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €72,866 | -€62,773 | -€40,549 | -€6,660 | -€2,588 | €12,721 | €49,941 | ▲ 293% |
| Profit (loss) for the period to be appropriated9905 | €72,866 | -€62,773 | -€40,549 | -€6,660 | -€2,588 | €12,721 | €49,941 | ▲ 293% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €118,925 | €64,944 | €31,934 | €19,063 | €14,979 | €62,604 | €113,213 | ▲ 80.8% |
| Fixed assets21/28 | €26,803 | €21,203 | €16,879 | €11,017 | €5,154 | €38,913 | €49,820 | ▲ 28.0% |
| Tangible fixed assets22/27 | €26,803 | €21,203 | €16,879 | €11,017 | €5,154 | €38,913 | €43,020 | ▲ 10.6% |
| Plant, machinery and equipment23 | - | - | €16,879 | €11,017 | €5,154 | €488 | €225 | ▼ 53.8% |
| Furniture and vehicles24 | - | - | - | - | - | €38,425 | €42,794 | ▲ 11.4% |
| Financial fixed assets28 | - | - | - | - | - | - | €6,800 | - |
| Current assets29/58 | €92,122 | €43,740 | €15,054 | €8,046 | €9,825 | €23,691 | €63,393 | ▲ 168% |
| Amounts receivable within one year40/41 | €68,506 | €39,832 | €10,928 | €6,810 | €6,864 | €12,448 | €9,778 | ▼ 21.4% |
| Trade receivables40 | - | - | €978 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €9,949 | €6,810 | €6,864 | €12,448 | €9,778 | ▼ 21.4% |
| Cash at bank and in hand54/58 | €20,347 | €307 | €4,127 | €1,236 | €2,961 | €11,243 | €53,615 | ▲ 377% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €118,925 | €64,944 | €31,934 | €19,063 | €14,979 | €62,604 | €113,213 | ▲ 80.8% |
| Equity10/15 | €79,066 | €23,293 | -€17,256 | -€23,916 | -€26,504 | -€13,783 | €36,158 | - |
| Contributions10/11 | €6,200 | - | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €71,006 | €8,233 | -€32,316 | -€38,976 | -€41,564 | -€28,843 | €21,098 | - |
| Amounts payable17/49 | €39,859 | €41,650 | €49,189 | €42,978 | €41,482 | €76,386 | €77,055 | ▲ 0.9% |
| Amounts payable within one year42/48 | €39,859 | €41,650 | €49,189 | €42,846 | €41,482 | €76,386 | €77,055 | ▲ 0.9% |
| Trade debts44 | €7,211 | €23,858 | €16,496 | €13,181 | €12,246 | €24,464 | €27,605 | ▲ 12.8% |
| Suppliers440/4 | - | - | €16,496 | €13,181 | €12,246 | €24,464 | €27,605 | ▲ 12.8% |
| Taxes, remuneration and social security45 | - | - | €3,670 | €642 | €213 | - | €13,897 | - |
| Taxes450/3 | - | - | - | - | - | - | €2,282 | - |
| Remuneration and social security454/9 | - | - | €3,670 | €642 | €213 | - | €11,615 | - |
| Other amounts payable47/48 | - | - | €29,023 | €29,023 | €29,023 | €51,923 | €35,553 | ▼ 31.5% |
| Accrued charges and deferred income492/3 | - | - | - | €132 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,866 | -€62,773 | -€40,549 | -€6,660 | -€2,588 | €12,721 | €49,941 | ▲ 293% |
| + Depreciation and write-downs630 | €1,197 | €5,600 | €5,637 | €5,863 | €5,863 | €4,666 | €10,315 | ▲ 121% |
| Operating cash flow (approximation) | €74,062 | -€57,173 | -€34,912 | -€797 | €3,275 | €17,387 | €60,256 | ▲ 247% |
| Investment in fixed assets (approximation) | - | €0 | -€1,313 | €0 | €0 | -€38,425 | -€21,222 | ▲ 44.8% |
| Change in cash | - | -€20,040 | €3,819 | -€2,891 | €1,725 | €8,282 | €42,372 | ▲ 412% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as Quality Work has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Quality Work itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for Quality Work. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00319465 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00353860 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00292760 | |
| 31-12-2022 | micro format | 18-09-2023 | 2023-00448899 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20157528 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-26700189 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-20300038 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alexandru Fartaul |
|
| Van den Berghe Sven |
|
Network & group
Quality Work shares no director with another company.
Companies at the same address
19 other companies- MEDICAL HOUSE MANAGEMENT Establishment · since 2026 0763982490
- New Windows Brussel Registered office · since 2025 1031599156
- S&N SELECTED CARS Establishment · since 2025 0804082884
- Nextbike Belgium Establishment · since 2024 1017443886
- PERA PACKING Registered office · since 2024 1014425505
- SWEET SUPPLY Establishment · since 2024 0781334703
- EAGLE BROTHERS Registered office · since 2023 0782795245
- GMN CONSTRUCT Establishment · since 2023 0802621253
- PIRTEK BRUSSEL Establishment · since 2022 0714885644
- ABFLEX + VLAANDEREN Establishment · since 2021 0454198045
Connections & network
2 current directorsThe network starts from the directors of Quality Work. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-10
Gazette deed
Appointment: Alexandru Fartaul (director)2 points ▸
- General meeting, 12-08-2025
- Director appointment, Alexandru Fartaul (director)
22-07
Gazette deed
Registered office moved from Mechelen to Machelen2 points ▸
- General meeting, 01-07-2025
- Registered-office move, Rittwegerlaan 50 Unit 9,1830 Machelen
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 2800 Mechelen until the act of 22-07-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0700.727.010
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23047A0435/00Z011 | Flanders | 1.0 ha | 1 · 4,313 m² | 7.0 m |