Quandyga Engineering
ActiveQuandyga Engineering has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €204k and a net result of €64k. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 20787 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
96
/ 100
Excellent▲ +53 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency82▲+24
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.24 in 2023), and 47.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
41 d early
2022
40 d early
2021
41 d early
2020
40 d early
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€204k▲ 250%
2023 · €58k
2018: €18k
2019: €18k
2020: €35k
2021: €32k
2022: €33k
2023: €58k
2018 → 2024
Total assets
€390k▲ 124%
2023 · €174k
2018: €19k
2019: €72k
2020: €55k
2021: €42k
2022: €76k
2023: €174k
2018 → 2024
Net result
€64k
2023 · €-10k
2018: €947
2019: €10k
2020: €27k
2021: €-3k
2022: €613
2023: €-10k
2018 → 2024
Working capital
€71k▲ 155%
2023 · €28k
2018: €18k
2019: €52k
2020: €27k
2021: €28k
2022: €30k
2023: €28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€32k▼ 7.3%€33k▲ 1.9%€58k▲ 75.7%€204k▲ 250%
Operating result€31k-€-2k€928€-15k€48k
Net result€27k-€-3k€613€-10k€64k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €48k after a loss of €15k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €390k
Fixed assets
€132k▲ 337%
Current assets
€258k▲ 79.5%
Equity and liabilities €390k
Equity
€204k▲ 250%
Debt
€187k▲ 61.3%
The debt ratio falls from 66.6% to 47.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€83k▲
2023 · €-7k
Cash flow
€98k▲
2023 · €-2k
Solvency
52.2%▲
2023 · 33.4%
Current ratio
1.38▲
2023 · 1.24
Quick ratio
1.38▲
2023 · 1.24
Debt / equity
0.92▼
2023 · 1.99
ROE
31.4%▲
2023 · -17.2%
ROA
16.4%▲
2023 · -5.7%
Interest coverage
464.29▲
2023 · -40.13
Debt
€187k▲
2023 · €116k
Debt ≤ 1 year
€187k▲
2023 · €116k
Income taxes
€6k▲
2023 · €131
Staff costs
€171k▲
2023 · €116k
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€174k€390k▲
Fixed assets21/28€30k€132k▲
Intangible fixed assets21€28k€131k▲
Tangible fixed assets22/27-€0
Furniture and vehicles24-€0
Financial fixed assets28€2k€2k=
Current assets29/58€144k€258k▲
Amounts receivable within one year40/41€61k€229k▲
Trade receivables40€19k€73k▲
Other amounts receivable41€42k€156k▲
Cash at bank and in hand54/58€81k€27k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€174k€390k▲
Equity10/15€58k€204k▲
Contributions10/11€20k€20k=
Outside capital11€20k-
Share premium1100/10€20k-
Reserves13€15k€73k▲
Distributable reserves133€15k€73k▲
Profit (loss) carried forward14€68€102▲
Investment grants15€23k€110k▲
Amounts payable17/49€116k€187k▲
Amounts payable within one year42/48€116k€187k▲
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Taxes, remuneration and social security45€16k€24k▲
Taxes450/3€132-
Remuneration and social security454/9€16k€24k▲
Other amounts payable47/48€94k€157k▲
Income statement
Code20232024
Remuneration, social security and pensions62€116k€171k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€34k▲
Other operating charges640/8€569€532▼
Gross operating margin9900€109k€255k▲
Operating profit (loss)9901€-15k€48k▲
Financial income75/76B€6k€22k▲
Recurring financial income75€6k€22k▲
Financial charges65/66B€186€179▼
Recurring financial charges65€186€179▼
Profit (loss) for the period before taxes9903€-10k€70k▲
Income taxes67/77€131€6k▲
Profit (loss) for the period9904€-10k€64k▲
Profit (loss) for the period to be appropriated9905€-10k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€64k▲
Profit (loss) brought forward from the previous period14P€1k€68▼
Transfer from equity791/2€9k-
Transfer to equity691/2-€58k
To other reserves6921-€58k
Profit to be distributed694/7-€6k
Directors or managers695-€6k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
31-12
Financial
Equity above €200kEq €204k ▲250%
Equity rises from €58k to €204k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼1728%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €613
Net result €613 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2016
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.
Chemin du Cyclotron 61348 Ottignies-Louvain-la-NeuveGround area
4.0 ha
Building footprint
1.2 ha
Volume, LiDAR
100,446 m³
Parcel 25386B0152/00N000, Wallonia · tallest building 34.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Quandyga Engineering
since 20162.253.138.269
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0152/00N000 | Wallonia | 4.0 ha | 1 · 1.2 ha | 34.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,811 companies in sector 62100 we hold annual accounts for 8,750. 6,582 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2016
Fiscal year end31-12
Abbreviation FR
Quandyga
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
71121Engineering and related technical consultancy, excluding land surveyors
33200Installation of industrial machinery and equipment
58290Other software publishing
62020IT consultancy
62200Computer consultancy and computer facilities management
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.