QUERCA
ActiveSummary
QUERCA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,846 and a net result of €19,097. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency42▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.03 in 2024; short-term debt: 57.8% and cash: 6% of total assets), and 83% of the assets are financed with debt.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17%
Return on assets
2.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €130,846
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
28 d late
2023
10 d late
2022
3 d late
2021
on the day
2020
on the day
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 3 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€130,846▲ 17.1%
2024 · €111,749
Total assets
€767,723▼ 0.3%
2024 · €770,401
Net result
€19,097▼ 24.2%
2024 · €25,192
Working capital
-€390,042▲ 9.7%
2024 · -€431,705
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€31,670▲ 4.9%€8,924▼ 71.8%€41,251▲ 362%€40,533▼ 1.7%€32,205▼ 20.5%
Net result€23,553within the sector's middle half▲ 1.0%€3,113within the sector's middle half▼ 86.8%€29,185within the sector's middle half▲ 837%€25,192within the sector's middle half▼ 13.7%€19,097within the sector's middle half▼ 24.2%
Equity€318,201above the sector's middle half▲ 8.0%€321,315above the sector's middle half▲ 1.0%€98,657within the sector's middle half▼ 69.3%€111,749within the sector's middle half▲ 13.3%€130,846within the sector's middle half▲ 17.1%
Total assets€950,335above the sector's middle half▼ 3.0%€881,514above the sector's middle half▼ 7.2%€820,009above the sector's middle half▼ 7.0%€770,401above the sector's middle half▼ 6.0%€767,723above the sector's middle half▼ 0.3%
Debt€632,134▼ 7.7%€560,199▼ 11.4%€721,352▲ 28.8%€658,652▼ 8.7%€636,877▼ 3.3%
Working capital-€282,800below the sector's middle half▲ 4.9%-€262,739below the sector's middle half▲ 7.1%-€463,983below the sector's middle half▼ 76.6%-€431,705below the sector's middle half▲ 7.0%-€390,042below the sector's middle half▲ 9.7%
Solvency33.5%within the sector's middle half▲ 3.4pp36.5%within the sector's middle half▲ 3.0pp12.0%below the sector's middle half▼ 24.4pp14.5%below the sector's middle half▲ 2.5pp17.0%below the sector's middle half▲ 2.5pp
Current ratio0.20below the sector's middle half▼ 0.070.13below the sector's middle half▼ 0.070.04below the sector's middle half▼ 0.090.03below the sector's middle half▼ 0.010.12below the sector's middle half▲ 0.09
Return on assets (ROA)2.5%within the sector's middle half▲ 0.1pp0.4%below the sector's middle half▼ 2.1pp3.6%within the sector's middle half▲ 3.2pp3.3%within the sector's middle half▼ 0.3pp2.5%within the sector's middle half▼ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 has fallen two years in a row; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €767,723
Fixed assets
€714,045 ▼ 5.7%
Current assets
€53,678 ▲ 315%
Equity and liabilities €767,723
Equity
€130,846 ▲ 17.1%
Debt
€636,877 ▼ 3.3%
Debt's share of the balance-sheet total falls from 85.5% to 83.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75,619▼
2024 · €83,744
Cash flow
€62,511▼
2024 · €68,402
Debt to equity
4.87▼
2024 · 5.89
ROE
14.6%▼
2024 · 22.5%
Interest coverage
18.99▲
2024 · 17.81
Debt ≤ 1 year
€443,719▼
2024 · €444,647
Debt > 1 year
€184,527▼
2024 · €208,015
Income taxes
€9,228▼
2024 · €10,640
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 4,105 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,832 | €42,308 | €43,037 | €43,210 | €43,414 | ▲ 0.5% |
| Other operating charges640/8 | - | €1,128 | €914 | €960 | €687 | ▼ 28.4% |
| Gross operating margin9900 | €75,850 | €52,361 | €85,202 | €84,704 | €76,306 | ▼ 9.9% |
| Operating profit (loss)9901 | €31,670 | €8,924 | €41,251 | €40,533 | €32,205 | ▼ 20.5% |
| Financial income75/76B | - | €0 | €30 | €1 | €101 | ▲ 12,104% |
| Recurring financial income75 | - | €0 | €30 | €1 | €101 | ▲ 12,104% |
| Financial charges65/66B | - | €5,034 | €4,747 | €4,702 | €3,981 | ▼ 15.3% |
| Recurring financial charges65 | €5,330 | €5,034 | €4,747 | €4,702 | €3,981 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €26,339 | €3,890 | €36,533 | €35,832 | €28,325 | ▼ 21.0% |
| Income taxes67/77 | €2,787 | €777 | €7,348 | €10,640 | €9,228 | ▼ 13.3% |
| Profit (loss) for the period9904 | €23,553 | €3,113 | €29,185 | €25,192 | €19,097 | ▼ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €23,553 | €3,113 | €29,185 | €25,192 | €19,097 | ▼ 24.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €950,335 | €881,514 | €820,009 | €770,401 | €767,723 | ▼ 0.3% |
| Fixed assets21/28 | €879,965 | €841,823 | €798,785 | €757,459 | €714,045 | ▼ 5.7% |
| Tangible fixed assets22/27 | €877,579 | €839,437 | €796,399 | €755,073 | €711,659 | ▼ 5.7% |
| Land and buildings22 | - | €821,136 | €779,656 | €738,176 | €696,696 | ▼ 5.6% |
| Furniture and vehicles24 | - | €18,301 | €16,743 | €16,897 | €14,963 | ▼ 11.4% |
| Financial fixed assets28 | €2,386 | €2,386 | €2,386 | €2,386 | €2,386 | = |
| Current assets29/58 | €70,370 | €39,691 | €21,224 | €12,942 | €53,678 | ▲ 315% |
| Amounts receivable within one year40/41 | €58,890 | €539 | €8,649 | €4,418 | €119 | ▼ 97.3% |
| Trade receivables40 | - | €539 | €594 | €4,418 | €119 | ▼ 97.3% |
| Other amounts receivable41 | - | - | €8,055 | - | - | - |
| Cash at bank and in hand54/58 | €10,864 | €25,037 | €11,792 | €6,711 | €45,738 | ▲ 581% |
| Deferred charges and accrued income490/1 | - | €14,115 | €783 | €1,813 | €7,821 | ▲ 331% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €950,335 | €881,514 | €820,009 | €770,401 | €767,723 | ▼ 0.3% |
| Equity10/15 | €318,201 | €321,315 | €98,657 | €111,749 | €130,846 | ▲ 17.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €299,597 | €302,707 | €80,049 | €93,140 | €112,235 | ▲ 20.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €1,749 | €1,749 | €1,749 | €1,749 | = |
| Distributable reserves133 | - | €299,098 | €76,440 | €89,531 | €108,626 | ▲ 21.3% |
| Profit (loss) carried forward14 | €4 | €8 | €8 | €9 | €11 | ▲ 19.1% |
| Amounts payable17/49 | €632,134 | €560,199 | €721,352 | €658,652 | €636,877 | ▼ 3.3% |
| Amounts payable after more than one year17 | €276,219 | €253,853 | €231,121 | €208,015 | €184,527 | ▼ 11.3% |
| Financial debts170/4 | - | €253,853 | €231,121 | €208,015 | €184,527 | ▼ 11.3% |
| Amounts payable within one year42/48 | €353,170 | €302,431 | €485,206 | €444,647 | €443,719 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €22,362 | €22,731 | €23,107 | €23,488 | ▲ 1.7% |
| Trade debts44 | €50,648 | €4,862 | €3,423 | €7,146 | €10,431 | ▲ 46.0% |
| Suppliers440/4 | - | €4,862 | €3,423 | €6,238 | €10,431 | ▲ 67.2% |
| Bills of exchange payable441 | - | - | - | €908 | - | - |
| Taxes, remuneration and social security45 | - | €2,392 | €8,651 | €13,570 | €17,824 | ▲ 31.3% |
| Taxes450/3 | - | €2,392 | €7,339 | €13,570 | €17,824 | ▲ 31.3% |
| Remuneration and social security454/9 | - | - | €1,312 | - | - | - |
| Other amounts payable47/48 | - | €272,815 | €450,401 | €400,824 | €391,976 | ▼ 2.2% |
| Accrued charges and deferred income492/3 | - | €3,916 | €5,024 | €5,990 | €8,631 | ▲ 44.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,553 | €3,113 | €29,185 | €25,192 | €19,097 | ▼ 24.2% |
| + Depreciation and write-downs630 | €43,832 | €42,308 | €43,037 | €43,210 | €43,414 | ▲ 0.5% |
| Operating cash flow (approximation) | €67,385 | €45,422 | €72,223 | €68,402 | €62,511 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | -€4,166 | €0 | -€1,884 | €0 | ▲ 100% |
| Change in cash | - | €14,173 | -€13,245 | -€5,081 | €39,026 | ▲ 868% |
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
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Equity above €100,000Eq €111,749 ▲13.3%
5 profitable years in a row build equity to €111,749.
10-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
30-06
Financial
Highest result since 2019net €29,185 ▲837%
Operating result €41,251, net result €29,185, both a record.
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €23,320
Net result €23,320 after one loss-making year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2016
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
12-08
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
12-08
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
06-01
State Gazette act
Board meeting · Director resignation
Director appointment · Mandate compensation
04-01
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2014
21-11
State Gazette act
Board meeting · Power of attorney
Permanent representative
21-11
State Gazette act
Board meeting · Power of attorney
Permanent representative
2013
02-10
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
04-06
State Gazette act
Board meeting · Director resignation
Director appointment · Mandate compensation
2011
10-11
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
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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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, Oudergem · 1 establishment unit since 2011
Ground area
2.2 ha
Building footprint
830 m²
Volume, LiDAR
9,067 m³
2 parcels, Brussels, Wallonia · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
querca
since 20112.194.931.737
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25038A0201/00B000 | Wallonia | 2.0 ha | 1 · 138 m² | 10.2 m · 3 fl. |
| 21332C0051/00K012 | Brussels | 2,285 m² | 1 · 692 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,884 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 (pre-2019)
Founded23-12-2010
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832383427
Also
9925:BE0832383427
Registered
30-12-2025
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.