Quaternion Software
The computed 12-month bankruptcy probability of Quaternion Software is 0.4% (very low). The 2025 annual accounts show equity of €5k and a net result of €64k. Equity is shrinking by ~21.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 12% of 4688 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5k |
| Net result | €64k |
| Better than sector | 12% |
| Active | 5 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.0% | 55.2% | |
| Net result | €64k | €38k | |
| Equity | €5k | €64k | |
| Gross operating margin | €89k | €61k | |
| Total assets | €169k | €145k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €88k |
| Net profit | €64k |
| Cash flow | €67k |
| Staff costs | - |
| Income taxes | €21k |
| Dividends | €64k |
| Total assets | €169k |
| Equity | €5k |
| Debt | €164k |
| of which ≤ 1y | €163k |
| of which > 1y | - |
| Working capital | €-20k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.88 |
| Quick ratio | 0.88 |
| Working capital ratio | -11.8% |
| Solvency | 3.0% |
| Debt / equity | 32.84 |
| Long-term debt ratio | - |
| Interest coverage | 131.77 |
| Gross margin | - |
| Net margin | - |
| ROA | 37.6% |
| ROE | 1273.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €169k |
| Fixed assets | 21/28 | €26k |
| Tangible fixed assets | 22/27 | €26k |
| Current assets | 29/58 | €144k |
| Amounts receivable within one year | 40/41 | €18k |
| Cash & bank | 54/58 | €124k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €169k |
| Equity | 10/15 | €5k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €164k |
| Amounts payable within one year | 42/48 | €163k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €89k |
| Operating result | 9901 | €85k |
| Financial income | 75 | €519 |
| Financial charges | 65 | €671 |
| Result before taxes | 9903 | €85k |
| Income taxes | 67/77 | €21k |
| Net result for the period | 9904 | €64k |
| Result to be appropriated | 9905 | €64k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 17-01-2021 |
| Status | Active |
| Postal code | 3590 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71011I0201/00E000 | Flanders | 747 m² | 1 · 156 m² | 15.0 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-04-2024 2 directors appointed
- Katleen Belmans, Bestuurder
- BDO Cynex Tax & Accounting BV, Dagelijks bestuur
Technical details
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"name": "Katleen Belmans",
"address": "3590 Diepenbeek, Onderwijslaan 57",
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},
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"evidence_quote": "De algemene vergadering besluit om mevrouw Katleen Belmans, wonende te 3590 Diepenbeek, Onderwijslaan 57, te benoemen als bestuurder van de Vennootschap met ingang vanaf heden.",
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{
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"name": "BDO Cynex Tax \u0026 Accounting BV",
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"evidence_quote": "De algemene vergadering beslist volmacht te verlenen, met mogelijkheid tot indeplaatsstelling, aan BDO Cynex Tax \u0026 Accounting BV, met zetel te Herkenrodesingel 10 bus 3.01, 3500 Hasselt, vertegenwoordigd door de heer Kris Verhees, door de heer Wesley Clemens, door de heer Niels Zeelmaekers, de heer ",
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},
"act_meta": {
"language": "nl",
"pub_date": "2024-04-19",
"filing_date": "2024-04-10",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
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"date": "2024-03-18",
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],
"is_correction": false,
"subject_company": {
"kbo": "0761.691.213",
"name_full": "Quaternion Software",
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},
"co_filed_documents": [
"de notulen van de bijzondere algemene vergadering dd 18.03.2024"
],
"corrected_publication_numac": null
}14-11-2022 Registered office moved from Hasselt to Diepenbeek
- Dr. Nolenslaan 10 - 3500 Hasselt → 3590 Diepenbeek, Onderwijslaan 57
Technical details
{
"events": [
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"seat_type": "siege_administratif",
"new_address": {
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"country": "BE",
"postcode": "3590",
"box_number": null,
"street_number": "57",
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},
"old_address": {
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"postcode": "3500",
"box_number": null,
"street_number": "10",
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},
"effective_date": "2022-08-17",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
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"firm_city": null,
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},
"act_meta": {
"language": "nl",
"pub_date": "2022-11-14",
"filing_date": "2022-10-31",
"act_kind_objet": "Zetelverplaatsing"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2022-10-31",
"unanimous": null
},
"subject_company": {
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"_kbo_filled_from_list": true
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"person_name": null,
"org_rep_person_name": "Wesley Clemens",
"person_role_at_subject": null
},
"co_filed_documents": [
"notulen van de vergadering van het bestuursorgaan dd 01.09.2022"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Quaternion Software |