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QUARTIER

Active
Public limited company·Sanitaire werkzaamheden· 60 yrs active
Pieter Verhaeghestraat 26 ·8520 Kuurne, Belgium
KBO/BCE: BE 0405.361.416
Watch Print / PDF
Age60 yrs
Board4
Staff (FTE)18
Connections2
Real estate1 parcel · 1.3 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of QUARTIER is 0.3% (very low). The 2025 annual accounts show equity of €2.72M and a net result of €714k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 115 sector peers (fiscal year 2025). The company has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend
Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-09-2025 30-04-2026 10-03-2026 51 d early 2026-00051694
30-09-2024 30-04-2025 29-04-2025 1 d early 2025-00080136
30-09-2023 30-04-2024 24-04-2024 6 d early 2024-00070564
30-09-2022 30-04-2023 04-04-2023 26 d early 2023-00053116
30-09-2021 30-04-2022 25-04-2022 5 d early 2022-20008620
30-09-2020 30-04-2021 12-04-2021 18 d early 2021-10400384
30-09-2019 30-04-2020 23-03-2020 38 d early 2020-07200443
31-12-2017 31-07-2018 20-06-2018 41 d early 2018-19900492
31-12-2016 31-07-2017 26-06-2017 35 d early 2017-20400588
31-12-2015 31-07-2016 21-06-2016 40 d early 2016-18800327

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1965, 60 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€29.69M+8.5%
EBIT margin4.3%+2.2pp
Net result€714k+189.4%
Working capital€694k

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 10-03-2026 with the NBB · fiscal year 2025 · volledig
€0€10.00M€20.00M€30.00MRevenue 2021: €15.95M€15.95MOperating result 2021: €293k€293kNet result 2021: €175k€175kRevenue 2022: €19.12M€19.12MOperating result 2022: €527k€527kNet result 2022: €190k€190kRevenue 2023: €24.64M€24.64MOperating result 2023: €567k€567kNet result 2023: €382k€382kRevenue 2024: €27.36M€27.36MOperating result 2024: €599k€599kNet result 2024: €247k€247kRevenue 2025: €29.69M€29.69MOperating result 2025: €1.29M€1.29MNet result 2025: €714k€714k20212022202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~6.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M2026: €1.09M (€850k - €1.33M)2027: €1.15M (€762k - €1.53M)2028: €1.20M (€673k - €1.74M)2019: €1.27M2020: €1.90M2021: €677k2022: €867k2023: €924k2024: €846k2025: €2.72M2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 21.4% 40.2%
better than 30% of 115 sector peers
Net result €714k €25k
better than 95% of 114 sector peers
Equity €2.72M €123k
better than 95% of 115 sector peers
Staff costs €1.39M €214k
higher than 90% of 82 sector peers
Employees (FTE) 18.0 5.0
better than 85% of 73 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P30
2020: P30 · n=2632021: P13 · n=3382022: P15 · n=4112023: P12 · n=4542024: P14 · n=4982025: P30 · n=1152020 2025
Stable position over 2020-2025 · n=115-498
Net result P95
2020: P95 · n=2632021: P89 · n=3382022: P87 · n=4102023: P93 · n=4542024: P91 · n=4962025: P95 · n=1142020 2025
Stable position over 2020-2025 · n=114-496
Equity P95
2020: P95 · n=2632021: P86 · n=3382022: P90 · n=4112023: P89 · n=4552024: P88 · n=4982025: P95 · n=1152020 2025
Stable position over 2020-2025 · n=115-498
Staff costs P90
2021: P85 · n=1832022: P88 · n=2712023: P87 · n=2972024: P91 · n=3302025: P90 · n=822021 2025
Stable position over 2021-2025 · n=82-330
Describes the position versus peers, not a forecast.
Revenue
€29.69M
+8.5% 19-25
EBITDA
€1.64M
+74.9% 19-25
Net profit
€714k
+189.4% 19-25
Cash flow
€1.07M
+82.0% 19-25
Total assets
€12.69M
+0.1% 19-25
Equity
€2.72M
+221.7% 19-25
Working capital
€694k
- 19-25
Employees (FTE)
18
+4.0% 19-25
Staff costs
€1.39M
+6.2% 19-25
Income taxes
€271k
+158.7% 19-25
Dividends
€0
-100.0% 19-25
Debt
€9.89M
-15.8% 19-25
Debt ≤ 1y
€6.46M
-19.5% 19-25
Debt > 1y
€3.39M
-8.3% 19-25
Current ratio
1.11
+12.0% 19-25
Quick ratio
0.97
+10.8% 19-25
Solvency
21.4%
+221.4% 19-25
Debt / equity
3.64
-73.8% 19-25
ROE
26.3%
-10.0% 19-25
ROA
5.6%
+189.2% 19-25
Net margin
2.4%
+166.7% 19-25
EBITDA margin
5.5%
+61.2% 19-25
Interest coverage
7.58
+101.7% 19-25
Figures by fiscal year
Fiscal year2025
Depositvolledig
Revenue€29.69M
EBITDA€1.64M
Net profit€714k
Cash flow€1.07M
Staff costs€1.39M
Income taxes€271k
Dividends€0
Total assets€12.69M
Equity€2.72M
Debt€9.89M
of which ≤ 1y€6.46M
of which > 1y€3.39M
Working capital€694k
Employees (FTE)18.0
Ratios (computed)
2025
Current ratio1.11
Quick ratio0.97
Working capital ratio5.5%
Solvency21.4%
Debt / equity3.64
Long-term debt ratio1.25
Interest coverage7.58
Gross margin18.0%
Net margin2.4%
ROA5.6%
ROE26.3%
EBITDA margin5.5%
Days sales outstanding56d
Days payable outstanding55d
Inventory turnover27.45
Days inventory (DSI)13d
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€12.69M
Fixed assets 21/28€5.54M
Intangible fixed assets 21€508k
Tangible fixed assets 22/27€4.83M
Financial fixed assets 28€199k
Current assets 29/58€7.15M
Stocks & contracts in progress 3€887k
Amounts receivable within one year 40/41€5.36M
Cash & bank 54/58€858k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€12.69M
Equity 10/15€2.72M
Contributions / capital 10/11€74k
Reserves 13€1.49M
Provisions & deferred taxes 16€75k
Amounts payable 17/49€9.89M
Amounts payable after one year 17€3.39M
Amounts payable within one year 42/48€6.46M
Trade debts payable within one year 44€3.69M
Income statement
Turnover 70€29.69M
Operating result 9901€1.29M
Financial income 75€198k
Financial charges 65€510k
Result before taxes 9903€977k
Income taxes 67/77€271k
Net result for the period 9904€714k
Result to be appropriated 9905€414k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
73 / 100 Healthy
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

6 directors
Current directors & mandates
  • Jo Quartier
    Managing director
    State Gazette act 21360822 (14-10-2021)
    Current
    06-10-2021 → present
    4 events
    • 06-10-2021 Appointed· Managing director
    • 17-09-2021 Resigned· Director
    • 24-06-2016 Mandate renewed· Director
    • 24-06-2016 Mandate renewed· Managing director
  • BV JT HOLDCOLegal entity
    Director· perm. rep.: Tom Debrabandere
    State Gazette act 21360822 (14-10-2021)
    Current
    17-09-2021 → present
  • JT HOLDCOLegal entity
    Managing director· perm. rep.: Tom Debrabandere
    State Gazette act 22045962 (11-04-2022)
    Current
    17-09-2021 → present
  • NV VISTA en COLegal entity
    Director· perm. rep.: Jo QUARTIER
    State Gazette act 21360822 (14-10-2021)
    Current
    17-09-2021 → present
    2 events
    • 17-09-2021 Appointed· Director
    • 17-09-2021 Appointed· Managing director
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • ERIC QUARTIER
    Director
    State Gazette act 16086604 (24-06-2016)
    Not recently confirmed
    last confirmed in an act from 2016
  • VISTA en CoLegal entity
    Director· perm. rep.: BRUNO QUARTIER
    State Gazette act 16086604 (24-06-2016)
    Not recently confirmed
    last confirmed in an act from 2016
    2 events
    • 24-06-2016 Mandate renewed· Director
    • 24-06-2016 Mandate renewed· Managing director
Permanent representatives (1)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • Jo Quartier
    Permanent representative
    State Gazette act 16086604 (24-06-2016)
    Permanent representative
    24-06-2016 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

1 auditor
Statutory auditor IRE/IBR number Tenure
POUSEELE CARON BEDRIJFSREVISORENCurrent
Statutory auditor · represented by Franky CARON
 - 28-01-2021 → present
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Sanitaire werkzaamheden(43221)
Legal form Public limited company(014)
Incorporation30-10-1965
StatusActive
Postal code8520

Structure & network

Connections & network

2 connected companies
Group structure
JT HOLDCO
Sits on the board · 1 subsidiary · 1 location
Control→
VISTA en Co
Sits on the board · 1 subsidiary · 1 location
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties
Control over this companysits on this company's board2
JT HOLDCO
1 subsidiary · 1 location
VISTA en Co
1 subsidiary · 1 location
controls
QUARTIERBE 0405.361.416

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Pieter Verhaeghestraat 268520 Kuurne

Establishment units

1 location
Pieter Verhaeghestraat 26, 8520 Kuurne
het bouwen van koelkamers, kluizen, enz.
since 19652.000.646.378
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.3 ha
Buildings1
Building footprint4,179 m²
Volume (LiDAR)12,342 m³
Tallest building22.7 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34023A0504/00A000 Flanders 1.3 ha 1 · 4,179 m² 22.6 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

8 acts
Address history · 1
09-07-2019
v3.2
All acts · 8 updated 3 months ago
2026
05-05-2026 1 director appointed, 1 reappointed Director changes
  • Jo Quartier, Gedelegeerd bestuurder
  • Franky CARON, Commissaris
2023
19-05-2023 Franky CARON reappointed as statutory auditor Director changes
  • Franky CARON, Commissaris
Summary: v3.2
2022
11-04-2022 1 director appointed, 1 resigning Director changes
  • Tom Debrabandere, Gedelegeerd bestuurder
  • Jo Quartier, Bestuurder
Summary: v3.2
2021
14-10-2021 Articles of association amended Statutes amendment
Summary: v3.2
28-01-2021 Franky CARON appointed as statutory auditor Director changes
  • Franky CARON, Commissaris
Summary: v3.2
2019
09-07-2019 Registered office moved from HEULE to KUURNE Registered-office change
  • WATERVEN 15, 8501 HEULE → PIETER VERHAEGHESTRAAT 26, 8520 KUURNE
Summary: v3.2
08-02-2019 Publication in the Belgian Official Gazette, Minor change Minor change
Summary: v3.2
2016
24-06-2016 1 director appointed, 5 reappointed Director changes
  • JO QUARTIER, Vaste vertegenwoordiger
  • ERIC QUARTIER, Bestuurder
  • JO QUARTIER, Bestuurder
  • JO QUARTIER, Gedelegeerd bestuurder
  • BRUNO QUARTIER, Bestuurder
  • BRUNO QUARTIER, Gedelegeerd bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health73Profitability55Solvency31Growth75Stability100
67 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 73
Profitability 55
Solvency 31
Growth 75
Stability 100

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 962 of the 6,993 companies in this sector. 68 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331Overig loodgieterswerk45332Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331
Primary activity highlighted.
Names & trade names
Legal nameNL QUARTIER
Registered office
Pieter Verhaeghestraat 26
8520 Kuurne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.