QUENTULUS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
13 d early
2021
34 d early
2020
22 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€502k▼ 12.3%
2022 · €572k
2018: €20klowest in 6 years
2019: €20k● 0.0% vs 2018lowest in 6 years
2020: €253k▲ +1137% vs 2019
2021: €749k▲ +196% vs 2020highest in 6 years
2022: €572k▼ -23.5% vs 2021
2023: €502k▼ -12.3% vs 2022
2018 → 2023
Total assets
€681k▼ 10.4%
2022 · €760k
2018: €575k
2019: €267k▼ -53.6% vs 2018lowest in 6 years
2020: €341k▲ +27.9% vs 2019
2021: €895k▲ +162% vs 2020highest in 6 years
2022: €760k▼ -15.0% vs 2021
2023: €681k▼ -10.4% vs 2022
2018 → 2023
Net result
€-70k
2022 · €24k
2018: €194k
2019: €207k▲ +6.6% vs 2018
2020: €233k▲ +12.5% vs 2019
2021: €495k▲ +113% vs 2020highest in 6 years
2022: €24k▼ -95.2% vs 2021
2023: €-70k▼ -393% vs 2022lowest in 6 years
2018 → 2023
Working capital
€444k▼ 9.0%
2022 · €488k
2018: €6klowest in 6 years
2019: €7k▲ +10.7% vs 2018
2020: €238k▲ +3423% vs 2019
2021: €640k▲ +169% vs 2020highest in 6 years
2022: €488k▼ -23.8% vs 2021
2023: €444k▼ -9.0% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€20k-€253k▲ 1,137%€749k▲ 196%€572k▼ 23.5%€502k▼ 12.3%
2019: €20klowest in 5 years
2020: €253k▲ +1137% vs 2019
2021: €749k▲ +196% vs 2020highest in 5 years
2022: €572k▼ -23.5% vs 2021
2023: €502k▼ -12.3% vs 2022
Operating result€284k-€334k▲ 17.7%€696k▲ 108%€33k▼ 95.2%€-78k
2019: €284k
2020: €334k▲ +17.7% vs 2019
2021: €696k▲ +108% vs 2020highest in 5 years
2022: €33k▼ -95.2% vs 2021
2023: €-78k▼ -333% vs 2022lowest in 5 years
Net result€207k-€233k▲ 12.5%€495k▲ 113%€24k▼ 95.2%€-70k
2019: €207k
2020: €233k▲ +12.5% vs 2019
2021: €495k▲ +113% vs 2020highest in 5 years
2022: €24k▼ -95.2% vs 2021
2023: €-70k▼ -393% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €78k after €33k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €681k
Fixed assets
€59k ▼ 30.8%
Current assets
€622k ▼ 7.9%
Equity and liabilities €681k
Equity
€502k ▼ 12.3%
Debt
€179k ▼ 4.8%
Debt's share of the balance-sheet total rises from 24.7% to 26.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-52k▼
2022 · €60k
Cash flow
€-44k▼
2022 · €51k
Current ratio
3.48▼
2022 · 3.60
Debt to equity
0.36▲
2022 · 0.33
ROE
-14.0%▼
2022 · 4.2%
ROA
-10.3%▼
2022 · 3.1%
Interest coverage
-49.32▼
2022 · 222.40
Debt ≤ 1 year
€179k▼
2022 · €188k
Income taxes
€1k▼
2022 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 44 lines
Balance sheet
Code20222023
Assets
Total assets20/58€760k€681k▼
Fixed assets21/28€85k€59k▼
Tangible fixed assets22/27€85k€59k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€80k€58k▼
Current assets29/58€675k€622k▼
Amounts receivable within one year40/41€29k€5k▼
Trade receivables40€29k-
Other amounts receivable41-€5k
Current investments50/53€127k€582k▲
Cash at bank and in hand54/58€514k€30k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€760k€681k▼
Equity10/15€572k€502k▼
Contributions10/11€19k€19k=
Reserves13€554k€501k▼
Distributable reserves133€554k€501k▼
Profit (loss) carried forward14-€-17k
Amounts payable17/49€188k€179k▼
Amounts payable within one year42/48€188k€179k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€9k-
Taxes450/3€9k-
Other amounts payable47/48€177k€177k▼
Income statement
Code20222023
Non-recurring operating income76A-€899
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€62k€-50k▼
Operating profit (loss)9901€33k€-78k▼
Financial income75/76B€1k€10k▲
Recurring financial income75€1k€10k▲
Financial charges65/66B€271€1k▲
Recurring financial charges65€271€1k▲
Profit (loss) for the period before taxes9903€34k€-69k▼
Income taxes67/77€11k€1k▼
Profit (loss) for the period9904€24k€-70k▼
Profit (loss) for the period to be appropriated9905€24k€-70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-70k▼
Transfer from equity791/2€200k€53k▼
Transfer to equity691/2€24k-
To other reserves6921€24k-
Profit to be distributed694/7€200k-
Return on contributions (dividend)694€200k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €21k | - | €899 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €7k | €17k | €27k | €26k | ▼ 3.0% |
| Other operating charges640/8 | - | - | €2k | €2k | €2k | ▼ 5.5% |
| Gross operating margin9900 | €299k | €342k | €715k | €62k | €-50k | ▼ 180% |
| Operating profit (loss)9901 | €284k | €334k | €696k | €33k | €-78k | ▼ 333% |
| Financial income75/76B | - | - | €0 | €1k | €10k | ▲ 674% |
| Recurring financial income75 | €0 | €0 | €0 | €1k | €10k | ▲ 674% |
| Financial charges65/66B | - | - | €973 | €271 | €1k | ▲ 288% |
| Recurring financial charges65 | €157 | €1k | €973 | €271 | €1k | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €284k | €333k | €695k | €34k | €-69k | ▼ 300% |
| Income taxes67/77 | €77k | €101k | €200k | €11k | €1k | ▼ 87.8% |
| Profit (loss) for the period9904 | €207k | €233k | €495k | €24k | €-70k | ▼ 393% |
| Profit (loss) for the period to be appropriated9905 | €207k | €233k | €495k | €24k | €-70k | ▼ 393% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €267k | €341k | €895k | €760k | €681k | ▼ 10.4% |
| Fixed assets21/28 | €14k | €15k | €108k | €85k | €59k | ▼ 30.8% |
| Tangible fixed assets22/27 | €14k | €15k | €108k | €85k | €59k | ▼ 30.8% |
| Plant, machinery and equipment23 | - | - | €5k | €4k | €1k | ▼ 75.3% |
| Furniture and vehicles24 | - | - | €103k | €80k | €58k | ▼ 28.5% |
| Current assets29/58 | €253k | €326k | €786k | €675k | €622k | ▼ 7.9% |
| Amounts receivable within one year40/41 | - | - | - | €29k | €5k | ▼ 84.4% |
| Trade receivables40 | - | - | - | €29k | - | - |
| Other amounts receivable41 | - | - | - | - | €5k | - |
| Current investments50/53 | - | - | €127k | €127k | €582k | ▲ 357% |
| Cash at bank and in hand54/58 | €249k | €324k | €655k | €514k | €30k | ▼ 94.1% |
| Deferred charges and accrued income490/1 | - | - | €4k | €5k | €5k | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €267k | €341k | €895k | €760k | €681k | ▼ 10.4% |
| Equity10/15 | €20k | €253k | €749k | €572k | €502k | ▼ 12.3% |
| Contributions10/11 | €19k | - | €19k | €19k | €19k | = |
| Reserves13 | €2k | €234k | €730k | €554k | €501k | ▼ 9.6% |
| Non-distributable reserves130/1 | - | - | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | - | €728k | €554k | €501k | ▼ 9.6% |
| Profit (loss) carried forward14 | €347k | - | - | - | €-17k | - |
| Amounts payable17/49 | €246k | €88k | €146k | €188k | €179k | ▼ 4.8% |
| Amounts payable within one year42/48 | €246k | €88k | €146k | €188k | €179k | ▼ 4.8% |
| Trade debts44 | €1k | €11k | €3k | €1k | €2k | ▲ 46.4% |
| Suppliers440/4 | - | - | €3k | €1k | €2k | ▲ 46.4% |
| Taxes, remuneration and social security45 | - | - | €132k | €9k | - | - |
| Taxes450/3 | - | - | €132k | €9k | - | - |
| Other amounts payable47/48 | - | - | €11k | €177k | €177k | ▼ 0.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €207k | €233k | €495k | €24k | €-70k | ▼ 393% |
| + Depreciation and write-downs630 | €14k | €7k | €17k | €27k | €26k | ▼ 3.0% |
| Operating cash flow (approximation) | €220k | €240k | €513k | €51k | €-44k | ▼ 187% |
| Investment in fixed assets (approximation) | - | €-8k | €-110k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €75k | €331k | €-141k | €-484k | ▼ 243% |
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
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €495k ▲113%
Operating result €696k, net result €495k, both a record.
31-12
Financial
Equity above €500kEq €749k ▲196%
4 profitable years in a row build equity to €749k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.71
Current ratio from 1.03 to 3.71; short-term debt falls from €246k to €88k.
31-12
Financial
Equity above €200kEq €253k ▲1,137%
3 profitable years in a row build equity to €253k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
Financial milestoneState Gazette actNBB 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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Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location