Turnover
≈ €84,000 estimated
The micro format states no turnover.
QUEEN
Overview
Lifetime
4 annual accounts with figures on one time axispeak €54,072 (2023)
€10,079▼ 52.7%
lowest -€3,980 (2023)
€188▼ 90.8%
peak €3,419 (2022)
€1,682▲ 12.6%
€50,769▼ 17.0%
Board1 name since 2021
1 director
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €21,291 to €10,079Result from €2,055 to €188Equity from €1,494 to €1,682Debts from €61,177 to €50,769Investments €13,961
Key points
from the 2025 annual accountsDebts
€50,769 97% of the balance sheet
Financial debts 17%Suppliers 20%Taxes and wages 8%Other 54%
Investments
€13,961 2.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 63.2% higher than in 2024.
Filings
4 annual accounts 3 late
The 2023 accounts came latest: 31 days after the end of the period.
Starting capital
€1,000 100 shares
Position in the sector
€1,682
Less equity than 90% of companies in specialised construction. Sector median €57,824 · 37,191 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,134 companies had the same profile as QUEEN has now. Each dot stands for 6 companies, two years later.
92.1%
were still trading
2.3%
stopped another way
5.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,134 companies, not a prediction for QUEEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0777996517
Incorporation
Founding capital of €1,000, 100 shares · Founder: (shareholder) · Appointment: (director) · published on 07-12-2021 · Gazette deed
First establishment
Reigerstraat 27, Oosterzele
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| QUEEN Oosterzele | €52,451 | €10,079 | 3.2% | - |
| Renogon Edegem | €48,613 | €10,153 | 46.9% | - |
| ELEKTRICITEIT EN ZO Ranst | €49,122 | €9,963 | 34.1% | - |
| GuNa Kortenaken | €50,564 | €11,447 | -23.7% | - |
| PRO TECH CHAUF Dilbeek | €51,042 | €7,953 | 12.0% | - |
| DKN Technics Zulte | €60,486 | €8,353 | -3.1% | - |
| Xander Van Impe Wichelen | €63,198 | €14,136 | 56.7% | - |
These companies have the same main activity as QUEEN: plumbing work (NACE 43221). They are comparable in size and age: total assets between €48,600 and €63,200, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 03-12-2021Normal situation
- Activity
- Plumbing workNACE 43221and 1 other
- Establishment unit
- 2.328.404.2329860 Oosterzele, since 03-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 16-10-2025
Annual accounts 2025
- €10,079▼ 52.7%
- €188▼ 90.8%
- €1,682▲ 12.6%
- €52,451▼ 16.3%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on QUEEN
QUEEN files the micro format. That format states no turnover. The gross margin fell from €48,217 in 2022 to €10,079 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-07-2026, 4 days before the deadline€10,079
▼ 52.7%
€3,287
▼ 54.6%
€188
▼ 90.8%
-€31,985
▼ €8,137
3.2%
▲ 0.8 percentage points
0.37
▼ 0.24
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €84,000. Estimated: probably between €64,000 and €180,000.
Balance sheet
balance sheet total €52,451 on 31-12-2025What the company ownsHow it is paid for
in euro
Position in the sector
3.2%
Higher than 10% of 37,177 companies in 2025.
0.37
Lower than 95% of 36,472 companies in 2025.
0.4%
Higher than 25% of 36,707 companies in 2025.
QUEEN
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
52,451 | 62,671 | 76,501 | 60,017 | |
21/28 |
33,667 | 25,341 | 28,630 | 37,883 | |
21 |
1,508 | 2,835 | 4,162 | 13,996 | |
22/27 |
30,969 | 21,316 | 23,278 | 23,887 | |
22 |
25,148 | 19,882 | 21,347 | 21,459 | |
23 |
1,353 | 829 | 1,120 | 1,410 | |
24 |
4,468 | 606 | 812 | 1,019 | |
28 |
1,190 | 1,190 | 1,190 | - | |
29/58 |
18,784 | 37,330 | 47,871 | 22,134 | |
40/41 |
16,759 | 37,330 | 47,871 | 22,003 | |
40 |
12,788 | 33,120 | 46,348 | 14,887 | |
41 |
3,971 | 4,210 | 1,523 | 7,116 | |
54/58 |
2,025 | - | - | - | |
490/1 |
- | - | - | 131 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
52,451 | 62,671 | 76,501 | 60,017 | |
10/15 |
1,682 | 1,494 | -561 | 3,419 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | |
13 |
4,474 | 4,474 | 2,419 | 2,419 | |
133 |
4,474 | 4,474 | 2,419 | 2,419 | |
14 |
-3,791 | -3,980 | -3,980 | - | |
17/49 |
50,769 | 61,177 | 77,062 | 56,598 | |
42/48 |
50,769 | 61,177 | 77,062 | 56,598 | |
43 |
8,800 | 8,800 | 18,929 | 2,738 | |
430/8 |
8,800 | 8,800 | 18,929 | 2,738 | |
44 |
10,364 | 17,468 | 25,894 | 38,432 | |
440/4 |
10,364 | 17,468 | 25,894 | 38,432 | |
45 |
4,008 | 5,528 | 473 | 4,915 | |
450/3 |
4,008 | 4,067 | 473 | 2,261 | |
454/9 |
- | 1,461 | - | 2,654 | |
47/48 |
27,597 | 29,381 | 31,766 | 10,513 | |
| Income statement | |||||
76A |
- | - | 2,353 | - | |
9900 |
10,079 | 21,291 | 54,072 | 48,217 | |
62 |
- | 9,196 | 50,739 | 37,030 | |
630 |
5,635 | 3,289 | 3,283 | 3,599 | |
640/8 |
1,157 | 1,567 | 2,236 | 2,209 | |
9901 |
3,287 | 7,238 | -2,187 | 5,379 | |
75/76B |
0 | 3 | 5 | 0 | |
75 |
0 | 3 | 5 | 0 | |
65/66B |
1,707 | 2,513 | 1,388 | 699 | |
65 |
1,707 | 2,513 | 1,388 | 699 | |
9903 |
1,580 | 4,728 | -3,569 | 4,680 | |
67/77 |
1,392 | 2,674 | 410 | 2,261 | |
9904 |
188 | 2,055 | -3,980 | 2,419 | |
9905 |
188 | 2,055 | -3,980 | 2,419 | |
| Appropriation of the result | |||||
9906 |
-3,791 | -1,925 | -3,980 | 2,419 | |
14P |
-3,980 | -3,980 | - | - | |
691/2 |
- | 2,055 | - | 2,419 | |
6921 |
- | 2,055 | - | 2,419 | |
| Social balance sheet | |||||
9087 |
- | 0.2 | 1.3 | 0.7 | |
Hours worked1013 |
- | 280 | 1,624 | - | |
| Document | |||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2022, 1 entry, €757 awarded, €757 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 8,922 | 10,527 | 1,096 | 8,978 | ||
| 5,824 | 5,344 | -697 | 6,018 | ||
| 13,961 | 0 | 2,537 | 41,482 | ||
| -31,985 | -23,848 | -29,191 | -34,464 | ||
| 3.2% | 2.4% | -0.7% | 5.7% | ||
| 0.37 | 0.61 | 0.62 | 0.39 | ||
| 30.18 | 40.96 | - | 16.55 | ||
| 11.2% | 137.6% | - | 70.8% | ||
| 0.4% | 3.3% | -5.2% | 4.0% | ||
| 5.23 | 4.19 | 0.79 | 12.85 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 2 | 1 |
| full-time | - | 2 | 1 |
| in full-time equivalents | - | 2 | 1 |
| 0.2 | 1.3 | 0.7 | |
| On a permanent contract | - | 2 | 1 |
| Joined | 0 | 1 | 1 |
| Left | 2 | 1 | 0 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €13,961 | - | €1,347 | €23,988 |
| Intangible fixed assets | - | - | - | €17,495 |
| Financial fixed assets | - | - | €1,190 | - |
| €5,635 | €3,289 | €3,283 | €3,599 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on QUEEN
The operating result for 2025 is 55% lower than in 2024.
Debt's share of the balance-sheet total falls from 97.6% to 96.8%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 07-12-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 27-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 07-12-2021
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 07-12-2021, still in office
Control
Founder
This company
QUEEN
Equity €1,682
Profit €188 in 2025
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €16.82 in 2025
- Source
- deed of 07-12-2021
Articles of association
deed of 07-12-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of June
Shareholders
At incorporation
deed of 07-12-2021 ↗
- 100 shares (100%) · €1,000 in cash
Network & group
No group
QUEEN has no parent and no holdings in its annual accounts. is the only director. QUEEN shares no director with another company.
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 4 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0777996517
Annual accounts 2024 filed PDFmicro format · 22 days late
2024
Back to profit net €2,055 The net result is €2,055, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 31 days late
2023
Weakest financial year net -€3,980 The net result drops to -€3,980, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 22 days late
2021
IncorporationFounding capital of €1,000, 100 shares · Founder: (shareholder) · Appointment: (director) · published on 07-12-20216 points ▸
- Founder, (shareholder)
- holds all the shares
- Founding capital, €1,000, 100 shares
- Registered office clause, Reigerstraat 27, 9860 Oosterzele
- Board rule, 1
- Director appointment, (director (not named in the articles))
- The deed holds 1 more point.
First establishment Reigerstraat 27, Oosterzele
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 3 December 2021, QUEEN was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 is director of the company, appointed by deed of 07-12-2021.2 Total assets went from €60,017 in 2022 to €52,451 in 2025 and headcount from 0.7 full-time equivalents in 2022 to 0.2 in 2024.3
Company details
Identity
- Enterprise number
- 0777.996.517
- VAT number
- BE 0777.996.517
- Peppol ID
- 0208:0777996517
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-12-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of Junedeed of 07-12-2021 (in Dutch)
- Peppol
- Reachable since 16-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- QUEEN in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-12-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-12-2021 (in Dutch)
Activities
NACEBEL 202543221
Plumbing work main activity
Codes under NACEBEL 2008
43221
Plumbing main activity
41203
Construction of residential and non-residential buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Elektrische installatie; Loodgieterswerk,installatie van verwarming en klimaatregeling; Overige bouwinstallatie; Schrijnwerk; Vloerafwerking…”deed of 07-12-2021 (in Dutch)
7 activities
- Elektrische installatie
- Loodgieterswerk,installatie van verwarming en klimaatregeling
- Overige bouwinstallatie
- Schrijnwerk
- Vloerafwerking en behangen
- Schilderen en glaszetten
- Overige werkzaamheden in verband met de afwerking van de gebouwen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Reigerstraat 27 registered office 9860 Oosterzele | 03-12-2021 | 2.328.404.232 |
Buildings and parcels at the address
- Ground area
- 596 m²
- Buildings
- 156 m²
- Volume, LiDAR
- 727 m³
- Tallest building
- 8.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44052A0279/00R000 | 596 m² | 1 · 156 m² | 8.2 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0777.996.517