QUEEN TOWERS
ActiveQUEEN TOWERS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.72M and a net result of €-96k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 36% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▲+2
Solvency43▼-54
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 7.04 against 4.17 in 2023; short-term debt: 14.2% and cash: 0% of total assets), but 82.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
17.6%
Return on assets
-0.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-96k
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 24-06-2025, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
44 d early
2022
31 d early
2021
46 d early
2020
2 d late
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.72M▼ 3.4%
2023 · €2.81M
2018: €3.02M
2019: €3.00M
2020: €2.95M
2021: €2.91M
2022: €2.86M
2023: €2.81M
2018 → 2024
Total assets
€15.42M▲ 295%
2023 · €3.91M
2018: €3.03M
2019: €3.92M
2020: €3.91M
2021: €3.92M
2022: €3.91M
2023: €3.91M
2018 → 2024
Net result
€-96k▼ 97.5%
2023 · €-49k
2018: €-19k
2019: €-18k
2020: €-46k
2021: €-45k
2022: €-45k
2023: €-49k
2018 → 2024
Working capital
€13.23M▲ 345%
2023 · €2.97M
2018: €3.02M
2019: €3.01M
2020: €3.00M
2021: €2.99M
2022: €2.98M
2023: €2.97M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.95M-€2.91M▼ 1.5%€2.86M▼ 1.6%€2.81M▼ 1.7%€2.72M▼ 3.4%
Operating result€-9k-€-8k▲ 15.5%€-8k▼ 4.1%€-10k▼ 24.8%€-38k▼ 276%
Net result€-46k-€-45k▲ 1.9%€-45k▼ 1.5%€-49k▼ 7.3%€-96k▼ 97.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2024 against €10k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €15.42M
Equity
€2.72M▼ 3.4%
Debt
€12.70M▲ 1,062%
The debt ratio rises from 28.0% to 82.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
17.6%▼
2023 · 72.0%
Current ratio
7.04▲
2023 · 4.17
Quick ratio
4.08▲
2023 · 0.17
Debt / equity
4.67▲
2023 · 0.39
ROE
-3.5%▼
2023 · -1.7%
ROA
-0.6%▲
2023 · -1.2%
Debt
€12.70M▲
2023 · €1.09M
Debt ≤ 1 year
€2.19M▲
2023 · €938k
Debt > 1 year
€10.50M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.91M€15.42M▲
Current assets29/58€3.91M€15.42M▲
Stocks and contracts in progress3€3.75M€6.49M▲
Stocks30/36€3.75M€3.75M=
Contracts in progress37-€2.74M
Amounts receivable within one year40/41€158k€8.93M▲
Trade receivables40-€270k
Other amounts receivable41€158k€8.66M▲
Cash at bank and in hand54/58€406€1k▲
Equity and liabilities
Total equity and liabilities10/49€3.91M€15.42M▲
Equity10/15€2.81M€2.72M▼
Contributions10/11€3.06M€3.06M=
Capital10€3.06M€3.06M=
Issued capital100€3.06M€3.06M=
Profit (loss) carried forward14€-247k€-343k▼
Amounts payable17/49€1.09M€12.70M▲
Amounts payable after more than one year17-€10.50M
Financial debts170/4-€10.50M
Amounts payable within one year42/48€938k€2.19M▲
Financial debts43-€27k
Credit institutions430/8-€27k
Trade debts44€3k€740k▲
Suppliers440/4€3k€740k▲
Advances received on contracts in progress46-€1.42M
Other amounts payable47/48€934k-
Accrued charges and deferred income492/3€156k€8k▼
Income statement
Code20232024
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-9k€-37k▼
Operating profit (loss)9901€-10k€-38k▼
Financial income75/76B-€65k
Recurring financial income75-€65k
Financial charges65/66B€39k€123k▲
Recurring financial charges65€39k€123k▲
Profit (loss) for the period before taxes9903€-49k€-96k▼
Profit (loss) for the period9904€-49k€-96k▼
Profit (loss) for the period to be appropriated9905€-49k€-96k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-247k€-343k▼
Profit (loss) brought forward from the previous period14P€-198k€-247k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-96k
Net result drops to €-96k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 99 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Antwerpen · 1 establishment unit since 2016
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.
Michel De Braeystraat 552000 AntwerpenGround area
8,183 m²
Building footprint
1,836 m²
Parcel 11811L3991/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
QUEEN TOWERS
since 20162.249.370.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3991/00A000 | Flanders | 8,183 m² | 1 · 1,836 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
R.V.S. VASTGOED
BE 0888.016.390
Brasschaat · Eq €2.73M
A.D. REALISATIONS
BE 0458.781.393
Chaudfontaine · Eq €2.73M
STADO
BE 0863.409.668
Kasterlee · Eq €2.71M
ACLAGRO PROJECTS
BE 0877.700.540
Gent · Eq €2.73M
Tallévis
BE 0421.261.003
Avelgem · Eq €2.74M
Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 2,564 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-2015
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.