QUALTEK
ActiveSummary
QUALTEK has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €414,675 and a net result of €45,298. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency44▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.13 in 2024; short-term debt: 81.2% and cash: 32.8% of total assets), and 81.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
18.8%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
90 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,298▲ 130%
2024 · €19,662
Working capital
-€42,962
2024 · €207,335
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€73,788▼ 65.3%-€48,710€41,749€41,749=€69,379▲ 66.2%
Net result€23,211▼ 88.1%-€49,229€19,662€19,662=€45,298▲ 130%
Equity€524,894▲ 4.6%€475,665▼ 9.4%€495,327▲ 4.1%€495,327=€414,675▼ 16.3%
Total assets€1.7m▲ 7.1%€2.0m▲ 16.9%€2.1m▲ 5.0%€2.1m=€2.2m▲ 6.2%
Debt€1.2m▲ 8.3%€1.5m▲ 28.7%€1.6m▲ 5.3%€1.6m=€1.8m▲ 13.3%
Working capital€224,294▲ 35.9%€164,595▼ 26.6%€207,335▲ 26.0%€207,335=-€42,962
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 66% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€457,637 ▲ 58.9%
Current assets
€1.7m ▼ 2.2%
Equity and liabilities €2.2m
Equity
€414,675 ▼ 16.3%
Debt
€1.8m ▲ 13.3%
Debt's share of the balance-sheet total rises from 76.2% to 81.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€108,813▲
2024 · €64,826
Cash flow
€84,732▲
2024 · €42,739
Current ratio
0.98▼
2024 · 1.13
Debt to equity
4.32▲
2024 · 3.19
ROE
10.9%▲
2024 · 4.0%
ROA
2.1%▲
2024 · 0.9%
Interest coverage
233.28▲
2024 · 135.05
Debt ≤ 1 year
€1.8m▲
2024 · €1.6m
Income taxes
€29,948▲
2024 · €21,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,098 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7,005 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,700 | €21,418 | €23,077 | €23,077 | €39,434 | ▲ 70.9% |
| Other operating charges640/8 | €1,754 | €2,170 | €271 | €271 | €590 | ▲ 118% |
| Non-recurring operating charges66A | €96,658 | €102,278 | €73,749 | €73,749 | - | - |
| Gross operating margin9900 | €188,900 | €77,156 | €138,846 | €138,846 | €109,403 | ▼ 21.2% |
| Operating profit (loss)9901 | €73,788 | -€48,710 | €41,749 | €41,749 | €69,379 | ▲ 66.2% |
| Financial income75/76B | - | - | - | - | €6,334 | - |
| Recurring financial income75 | - | - | - | - | €6,334 | - |
| Financial charges65/66B | €739 | €519 | €480 | €480 | €466 | ▼ 2.8% |
| Recurring financial charges65 | €739 | €519 | €480 | €480 | €466 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €73,049 | -€49,229 | €41,269 | €41,269 | €75,246 | ▲ 82.3% |
| Income taxes67/77 | €49,838 | - | €21,607 | €21,607 | €29,948 | ▲ 38.6% |
| Profit (loss) for the period9904 | €23,211 | -€49,229 | €19,662 | €19,662 | €45,298 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €23,211 | -€49,229 | €19,662 | €19,662 | €45,298 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.0m | €2.1m | €2.1m | €2.2m | ▲ 6.2% |
| Fixed assets21/28 | €300,600 | €311,070 | €287,992 | €287,992 | €457,637 | ▲ 58.9% |
| Tangible fixed assets22/27 | €300,600 | €311,070 | €287,992 | €287,992 | €457,637 | ▲ 58.9% |
| Land and buildings22 | €300,600 | €283,900 | €267,200 | €267,200 | €449,600 | ▲ 68.3% |
| Furniture and vehicles24 | - | €27,170 | €20,792 | €20,792 | €8,037 | ▼ 61.3% |
| Current assets29/58 | €1.4m | €1.7m | €1.8m | €1.8m | €1.7m | ▼ 2.2% |
| Amounts receivable within one year40/41 | €684,688 | €716,267 | €973,454 | €973,454 | €1.0m | ▲ 4.9% |
| Trade receivables40 | €312,950 | €230,742 | €398,012 | €398,012 | €381,056 | ▼ 4.3% |
| Other amounts receivable41 | €371,738 | €485,525 | €575,442 | €575,442 | €639,692 | ▲ 11.2% |
| Current investments50/53 | €101,472 | €203,271 | €202,931 | €202,931 | €4,187 | ▼ 97.9% |
| Cash at bank and in hand54/58 | €606,429 | €748,367 | €613,295 | €613,295 | €724,803 | ▲ 18.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.0m | €2.1m | €2.1m | €2.2m | ▲ 6.2% |
| Equity10/15 | €524,894 | €475,665 | €495,327 | €495,327 | €414,675 | ▼ 16.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €75,860 | €75,860 | €75,860 | €75,860 | €74,000 | ▼ 2.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €74,000 | €74,000 | €74,000 | €74,000 | €74,000 | = |
| Profit (loss) carried forward14 | €442,834 | €393,605 | €413,267 | €413,267 | €332,615 | ▼ 19.5% |
| Amounts payable17/49 | €1.2m | €1.5m | €1.6m | €1.6m | €1.8m | ▲ 13.3% |
| Amounts payable within one year42/48 | €1.2m | €1.5m | €1.6m | €1.6m | €1.8m | ▲ 13.3% |
| Trade debts44 | €851,063 | €744,906 | €847,939 | €847,939 | €817,619 | ▼ 3.6% |
| Suppliers440/4 | €851,063 | €744,906 | €847,939 | €847,939 | €817,619 | ▼ 3.6% |
| Advances received on contracts in progress46 | - | - | - | - | €229,500 | - |
| Taxes, remuneration and social security45 | - | - | €3,081 | €3,081 | €17,641 | ▲ 473% |
| Taxes450/3 | - | - | €3,081 | €3,081 | €17,641 | ▲ 473% |
| Other amounts payable47/48 | €317,232 | €758,404 | €731,325 | €731,325 | €727,940 | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,211 | -€49,229 | €19,662 | €19,662 | €45,298 | ▲ 130% |
| + Depreciation and write-downs630 | €16,700 | €21,418 | €23,077 | €23,077 | €39,434 | ▲ 70.9% |
| Operating cash flow (approximation) | €39,911 | -€27,811 | €42,739 | €42,739 | €84,732 | ▲ 98.3% |
| Investment in fixed assets (approximation) | - | -€31,888 | €1 | -€23,077 | -€209,080 | ▼ 806% |
| Change in cash | - | €141,938 | -€135,072 | €0 | €111,508 | - |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €19,662
Net result €19,662 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€49,229
Net result drops to -€49,229, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €195,214 ▲35.4%
Operating result €212,395, net result €195,214, both a record.
31-12
Financial
Equity above €500,000Eq €501,683 ▲63.7%
3 profitable years in a row build equity to €501,683.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2008
Ground area
479 m²
Building footprint
138 m²
Volume, LiDAR
917 m³
Parcel 21018B0104/00W007, Brussels · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
G. E. Lebonlaan 36, 1160 Oudergem
since 20082.173.813.055
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0104/00W007 | Brussels | 479 m² | 1 · 138 m² | 9.5 m · 2 fl. |
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.
Public money · subsidies and aid
European Union, budget
2022 · 1 entry · 427,502 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 427,502 EUR |
Projects
PAROMA-MED - PRIVACY AWARE AND PRIVACY PRESERVING DISTRIBUTED AND ROBUST MACHINE LEARNING FOR MEDICAL APPLICATIONS
European research
2 projects · 733,500 EUR EU contributionProgrammes
Projects
Privacy Aware and Privacy Preserving Distributed and Robust Machine Learning for Medical Applications
SUSTainability-Advanced and Innovative Networking with 6G
Recognitions · licences · registrations
Legal Entity Identifier
8755004AAC6XNEHAAR45
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,760 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
Founded30-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
Contact
Website
www.qualtek.eu
E-mail
info@qualtek.eu
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898252563
Also
9925:BE0898252563
Registered
01-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.