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QUAREBBE

Active
Private limited companyfounded 20206 yrs activeBruulstraat 7, 3071 Kortenberg, BelgiumKBO/BCE: BE 0750.537.302
Summary

The computed 12-month bankruptcy probability of QUAREBBE is 3.2% (moderate). The 2024 annual accounts show negative equity (-€1,648) and a net result of €15,402. Equity is growing by ~72% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability69▼-4
Solvency25▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.14 in 2023; short-term debt: 5.7% and cash: 0.4% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · 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
-0.3%
Return on assets
2.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
42 d early
2024
44 d early
2023
57 d early
2022
52 d early
2021
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 47 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 10 July 2020, QUAREBBE was incorporated as a Private limited company.1 Total assets went from EUR 629,523 in 2021 to EUR 605,636 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€1,648▲ 90.3%
2023 · -€17,050
Total assets
€605,636▼ 3.2%
2023 · €625,573
Net result
€15,402▼ 26.9%
2023 · €21,077
Working capital
-€32,021▼ 5.5%
2023 · -€30,365
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
Line2021202220232024
Operating result-€91,081-€27,752€28,557▲ 2.9%€22,521▼ 21.1%
Net result-€103,798-€20,672€21,077▲ 2.0%€15,402▼ 26.9%
Equity-€58,798--€38,126▲ 35.2%-€17,050▲ 55.3%-€1,648▲ 90.3%
Total assets€629,523-€660,739▲ 5.0%€625,573▼ 5.3%€605,636▼ 3.2%
Debt€688,321-€698,865▲ 1.5%€642,623▼ 8.0%€607,284▼ 5.5%
Working capital-€14,051--€18,313▼ 30.3%-€30,365▼ 65.8%-€32,021▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000Operating result 2021: -€91,081-€91,081Net result 2021: -€103,798-€103,798Operating result 2022: €27,752€27,752Net result 2022: €20,672€20,672Operating result 2023: €28,557€28,557Net result 2023: €21,077€21,077Operating result 2024: €22,521€22,521Net result 2024: €15,402€15,4022021202220232024€0€10,000€20,000€30,000Operating result 2022: €27,752€27,800Net result 2022: €20,672€20,700Operating result 2023: €28,557€28,600Net result 2023: €21,077€21,100Operating result 2024: €22,521€22,500Net result 2024: €15,402€15,400202220232024
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €605,636
Fixed assets €602,847 ▼ 2.8%
Current assets €2,790 ▼ 45.0%
Key figures and ratios
2024 value · change against 2023
EBITDA
€40,174▼
2023 · €52,578
Cash flow
€33,055▼
2023 · €45,098
Solvency
-0.3%▲
2023 · -2.7%
Current ratio
0.08▼
2023 · 0.14
ROA
2.5%▼
2023 · 3.4%
Interest coverage
5.64▼
2023 · 7.03
Debt ≤ 1 year
€34,810▼
2023 · €35,439
Debt > 1 year
€572,473▼
2023 · €607,184
A ratio outside any meaningful range has been withheld (balance sheet total €605,636, equity -€1,648).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 457 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
0.7% went bankrupt
2.0% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 457 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€625,573€605,636▼
Fixed assets21/28€620,499€602,847▼
Tangible fixed assets22/27€620,499€602,847▼
Land and buildings22€620,499€602,847▼
Current assets29/58€5,074€2,790▼
Amounts receivable within one year40/41-€360
Trade receivables40-€360
Cash at bank and in hand54/58€4,596€2,430▼
Deferred charges and accrued income490/1€478-
Equity and liabilities
Total equity and liabilities10/49€625,573€605,636▼
Equity10/15-€17,050-€1,648▲
Contributions10/11€45,000€45,000=
Profit (loss) carried forward14-€62,050-€46,648▲
Amounts payable17/49€642,623€607,284▼
Amounts payable after more than one year17€607,184€572,473▼
Financial debts170/4€566,378€531,668▼
Other amounts payable178/9€40,806€40,806=
Amounts payable within one year42/48€35,439€34,810▼
Current portion of amounts payable after more than one year42€34,298€34,710▲
Trade debts44€841-
Suppliers440/4€841-
Other amounts payable47/48€300€100▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,021€17,653▼
Other operating charges640/8€2,621€2,344▼
Gross operating margin9900€55,199€42,518▼
Operating profit (loss)9901€28,557€22,521▼
Financial charges65/66B€7,480€7,119▼
Recurring financial charges65€7,480€7,119▼
Profit (loss) for the period before taxes9903€21,077€15,402▼
Profit (loss) for the period9904€21,077€15,402▼
Profit (loss) for the period to be appropriated9905€21,077€15,402▼
Appropriation of the result
Profit (loss) to be appropriated9906-€62,050-€46,648▲
Profit (loss) brought forward from the previous period14P-€83,126-€62,050▲

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

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105,364€23,458€24,021€17,653▼ 26.5%
Other operating charges640/8€1,580€1,778€2,621€2,344▼ 10.6%
Gross operating margin9900€15,863€52,988€55,199€42,518▼ 23.0%
Operating profit (loss)9901-€91,081€27,752€28,557€22,521▼ 21.1%
Financial charges65/66B€12,718€7,080€7,480€7,119▼ 4.8%
Recurring financial charges65€12,718€7,080€7,480€7,119▼ 4.8%
Profit (loss) for the period before taxes9903-€103,798€20,672€21,077€15,402▼ 26.9%
Profit (loss) for the period9904-€103,798€20,672€21,077€15,402▼ 26.9%
Profit (loss) for the period to be appropriated9905-€103,798€20,672€21,077€15,402▼ 26.9%
Line2021202220232024Change
Assets
Total assets20/58€629,523€660,739€625,573€605,636▼ 3.2%
Fixed assets21/28€607,220€644,520€620,499€602,847▼ 2.8%
Tangible fixed assets22/27€607,220€644,520€620,499€602,847▼ 2.8%
Land and buildings22€607,220€644,520€620,499€602,847▼ 2.8%
Current assets29/58€22,302€16,218€5,074€2,790▼ 45.0%
Amounts receivable within one year40/41€16,126--€360-
Trade receivables40€16,126--€360-
Cash at bank and in hand54/58€5,677€16,218€4,596€2,430▼ 47.1%
Deferred charges and accrued income490/1€500-€478--
Equity and liabilities
Total equity and liabilities10/49€629,523€660,739€625,573€605,636▼ 3.2%
Equity10/15-€58,798-€38,126-€17,050-€1,648▲ 90.3%
Contributions10/11€45,000€45,000€45,000€45,000=
Profit (loss) carried forward14-€103,798-€83,126-€62,050-€46,648▲ 24.8%
Amounts payable17/49€688,321€698,865€642,623€607,284▼ 5.5%
Amounts payable after more than one year17€651,968€661,884€607,184€572,473▼ 5.7%
Financial debts170/4€589,260€600,676€566,378€531,668▼ 6.1%
Other amounts payable178/9€62,708€61,208€40,806€40,806=
Amounts payable within one year42/48€36,353€34,531€35,439€34,810▼ 1.8%
Current portion of amounts payable after more than one year42€31,985€33,930€34,298€34,710▲ 1.2%
Trade debts44€845€601€841--
Suppliers440/4€845€601€841--
Taxes, remuneration and social security45€3,524----
Taxes450/3€3,524----
Other amounts payable47/48--€300€100▼ 66.7%
Accrued charges and deferred income492/3-€2,450---
Line2021202220232024Change
Profit (loss) for the period9904-€103,798€20,672€21,077€15,402▼ 26.9%
+ Depreciation and write-downs630€105,364€23,458€24,021€17,653▼ 26.5%
Operating cash flow (approximation)€1,566€44,130€45,098€33,055▼ 26.7%
Investment in fixed assets (approximation)--€60,758€0€0-
Change in cash-€10,542-€11,622-€2,166▲ 81.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2021net €21,077 ▲2%
Operating result €28,557, net result €21,077, both a record.
09-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €20,672
Net result €20,672 after one loss-making year.
22-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
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, Kortenberg · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,770 m²
Building footprint
157 m²
Volume, LiDAR
889 m³
Parcel 24025C0524/00A000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
QUAREBBE
Bruulstraat 7, 3071 KortenbergReal estate activities
since 20202.304.873.121
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24025C0524/00A000 Flanders 2,770 m² 1 · 156 m² 8.5 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.