QUE4
ActiveSummary
The computed 12-month bankruptcy probability of QUE4 is 4.9% (elevated). The 2024 annual accounts show negative equity (-€46,087) and a net result of -€23,338. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 76 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth72=
Track record100
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.4 in 2023; short-term debt: 249.7% and cash: 0.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-149.7%
Return on assets
-75.8%
Age of the figures
21 mo
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Manufacture of other transport equipment (NACE 30)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€46,087
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 05-07-2025, 26 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
61 d early
2022
27 d early
2021
60 d late
2020
58 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#10 oldest company in Durbuy, Manufacturing sector
Turnover
€123,609▲ 117%
2019 · €56,879
EBIT margin
19.0%▲ 60.2pp
2019 · -41.2%
Net result
-€23,338▼ 34.7%
2023 · -€17,330
Working capital
-€68,096▼ 49.9%
2023 · -€45,413
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 30, Manufacture of other transport equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€123,609▲ 117%
Operating result€23,499-€46,569€38,543-€16,737-€22,155▼ 32.4%
Net result€16,019within the sector's middle half-€48,316below the sector's middle half€32,629above the sector's middle half-€17,330below the sector's middle half-€23,338below the sector's middle half▼ 34.7%
EBIT margin19.0%▲ 60.2pp
Equity€4,067within the sector's middle half-€38,049below the sector's middle half-€5,420within the sector's middle half▲ 85.8%-€22,750below the sector's middle half▼ 320%-€46,087below the sector's middle half▼ 103%
Total assets€63,375below the sector's middle half▲ 52.8%€12,226below the sector's middle half▼ 80.7%€42,638below the sector's middle half▲ 249%€56,438below the sector's middle half▲ 32.4%€30,777below the sector's middle half▼ 45.5%
Debt€59,308▲ 11.0%€50,275▼ 15.2%€48,058▼ 4.4%€79,188▲ 64.8%€76,864▼ 2.9%
Working capital€15,399within the sector's middle half-€20,215below the sector's middle half-€13,457within the sector's middle half▲ 33.4%-€45,413below the sector's middle half▼ 237%-€68,096below the sector's middle half▼ 49.9%
Solvency6.4%within the sector's middle half▲ 35.2pp-311.2%below the sector's middle half▼ 317.6pp-12.7%below the sector's middle half▲ 298.5pp-40.3%below the sector's middle half▼ 27.6pp-149.7%below the sector's middle half▼ 109.4pp
Current ratio1.44within the sector's middle half▲ 0.770.37below the sector's middle half▼ 1.070.64below the sector's middle half▲ 0.260.40below the sector's middle half▼ 0.240.11below the sector's middle half▼ 0.28
Return on assets (ROA)25.3%above the sector's middle half▲ 84.0pp-395.2%below the sector's middle half▼ 420.5pp76.5%above the sector's middle half▲ 471.7pp-30.7%below the sector's middle half▼ 107.2pp-75.8%below the sector's middle half▼ 45.1pp
above
within
below
the middle half (P25 to P75) of NACE 30, Manufacture of other transport equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,155 in 2024 against €16,737 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,777
Fixed assets
€22,009 ▼ 16.7%
Current assets
€8,768 ▼ 70.8%
Key figures and ratios
EBITDA
-€17,741▼
2023 · -€14,054
Cash flow
-€18,924▼
2023 · -€14,647
Debt to equity
-1.67▲
2023 · -3.48
Interest coverage
-15.00▼
2023 · -14.24
Debt ≤ 1 year
€76,864▲
2023 · €75,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.9% 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 497,662 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% | 1.7% |
| 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 75% 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 6,038 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €123,609 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,150 | €13,150 | €1,042 | €2,683 | €4,414 | ▲ 64.5% |
| Other operating charges640/8 | - | €3,250 | €3,648 | €4,296 | €5,568 | ▲ 29.6% |
| Gross operating margin9900 | €40,043 | -€30,169 | €43,233 | -€9,758 | -€12,173 | ▼ 24.7% |
| Operating profit (loss)9901 | €23,499 | -€46,569 | €38,543 | -€16,737 | -€22,155 | ▼ 32.4% |
| Financial income75/76B | - | €4 | - | - | - | - |
| Recurring financial income75 | - | €4 | - | - | - | - |
| Financial charges65/66B | - | €1,410 | €1,434 | €987 | €1,183 | ▲ 19.9% |
| Recurring financial charges65 | €1,970 | €1,410 | €1,434 | €987 | €1,183 | ▲ 19.9% |
| Profit (loss) for the period before taxes9903 | €21,529 | -€47,975 | €37,109 | -€17,724 | -€23,338 | ▼ 31.7% |
| Income taxes67/77 | €5,510 | €341 | €4,480 | -€394 | - | - |
| Profit (loss) for the period9904 | €16,019 | -€48,316 | €32,629 | -€17,330 | -€23,338 | ▼ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €16,019 | -€48,316 | €32,629 | -€17,330 | -€23,338 | ▼ 34.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,375 | €12,226 | €42,638 | €56,438 | €30,777 | ▼ 45.5% |
| Fixed assets21/28 | €13,300 | €150 | €19,069 | €26,423 | €22,009 | ▼ 16.7% |
| Tangible fixed assets22/27 | €13,150 | - | €18,919 | €26,273 | €21,859 | ▼ 16.8% |
| Land and buildings22 | - | - | €6,360 | €6,149 | €5,937 | ▼ 3.4% |
| Furniture and vehicles24 | - | - | €7,704 | €15,794 | €12,118 | ▼ 23.3% |
| Other tangible fixed assets26 | - | - | €4,855 | €4,330 | €3,804 | ▼ 12.1% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €50,075 | €12,076 | €23,569 | €30,015 | €8,768 | ▼ 70.8% |
| Amounts receivable within one year40/41 | €12,696 | €1,758 | €16,758 | €25,828 | €6,500 | ▼ 74.8% |
| Trade receivables40 | - | €183 | €12,430 | €21,846 | €6,143 | ▼ 71.9% |
| Other amounts receivable41 | - | €1,575 | €4,328 | €3,982 | €357 | ▼ 91.0% |
| Cash at bank and in hand54/58 | €34,447 | €8,502 | €4,986 | €2,247 | €248 | ▼ 89.0% |
| Deferred charges and accrued income490/1 | - | €1,816 | €1,825 | €1,940 | €2,020 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,375 | €12,226 | €42,638 | €56,438 | €30,777 | ▼ 45.5% |
| Equity10/15 | €4,067 | -€38,049 | -€5,420 | -€22,750 | -€46,087 | ▼ 103% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€8,333 | -€56,649 | -€24,020 | -€41,350 | -€64,687 | ▼ 56.4% |
| Amounts payable17/49 | €59,308 | €50,275 | €48,058 | €79,188 | €76,864 | ▼ 2.9% |
| Amounts payable after more than one year17 | €24,632 | €17,984 | €11,032 | €3,760 | - | - |
| Financial debts170/4 | - | €17,984 | €11,032 | €3,760 | - | - |
| Amounts payable within one year42/48 | €34,676 | €32,291 | €37,026 | €75,428 | €76,864 | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €6,647 | €6,952 | €6,637 | €3,760 | ▼ 43.3% |
| Trade debts44 | €1,711 | €4,835 | €1,788 | €25,131 | €5,063 | ▼ 79.9% |
| Suppliers440/4 | - | €4,835 | €1,788 | €25,131 | - | - |
| Bills of exchange payable441 | - | - | - | - | €5,063 | - |
| Taxes, remuneration and social security45 | - | €14,364 | €7,928 | €2,810 | - | - |
| Taxes450/3 | - | €11,642 | €7,928 | €2,810 | - | - |
| Remuneration and social security454/9 | - | €2,722 | - | - | - | - |
| Other amounts payable47/48 | - | €6,445 | €20,358 | €40,850 | €68,041 | ▲ 66.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,019 | -€48,316 | €32,629 | -€17,330 | -€23,338 | ▼ 34.7% |
| + Depreciation and write-downs630 | €13,150 | €13,150 | €1,042 | €2,683 | €4,414 | ▲ 64.5% |
| Operating cash flow (approximation) | €29,169 | -€35,166 | €33,671 | -€14,647 | -€18,924 | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | €0 | -€19,961 | -€10,037 | €0 | ▲ 100% |
| Change in cash | - | -€25,945 | -€3,516 | -€2,739 | -€1,999 | ▲ 27.0% |
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
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €32,629
Net result €32,629 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet -€48,316
Net result drops to -€48,316, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Back to profitnet €16,019
Net result €16,019 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.44
Current ratio from 0.67 to 1.44.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
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, Durbuy · 1 establishment unit since 2019
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.
Ch. de la Croix de Pierre(Oneux) 4/56941 DurbuyGround area
2,882 m²
Building footprint
948 m²
Volume, LiDAR
8,390 m³
Parcel 25763L0859/00A000, Wallonia · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Bruxelles 327B, 1410 Waterloo
since 20192.325.524.025
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0859/00A000 | Wallonia | 2,882 m² | 1 · 948 m² | 13.8 m · 3 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.
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Of 27 companies in sector 30120 we hold annual accounts for 15. 7 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
Founded08-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
30120Manufacture of other transport equipment
33150Repair, maintenance and installation of machinery and equipment
68121Development of residential building projects
50100Water transport
70200Business and other management consultancy
85532Education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724648990
Also
9925:BE0724648990
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.