QUERCA
ActiveQUERCA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131k and a net result of €19k. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 31545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-27
Solvency11▲+1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity short (current ratio 0.12 against 0.03 in 2024), and 83% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
Sector 70
lower
← 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 31545 sector peers (2025).
NBB · sector comparisonPosition among 31545 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €131k
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 →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€131k▲ 17.1%
2024 · €112k
2019: €271k
2020: €295k
2021: €318k
2022: €321k
2023: €99k
2024: €112k
2019 → 2025
Total assets
€768k▼ 0.3%
2024 · €770k
2019: €946k
2020: €980k
2021: €950k
2022: €882k
2023: €820k
2024: €770k
2019 → 2025
Net result
€19k▼ 24.2%
2024 · €25k
2019: €-85k
2020: €23k
2021: €24k
2022: €3k
2023: €29k
2024: €25k
2019 → 2025
Working capital
€-390k▲ 9.7%
2024 · €-432k
2019: €-356k
2020: €-297k
2021: €-283k
2022: €-263k
2023: €-464k
2024: €-432k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€318k-€321k▲ 1.0%€99k▼ 69.3%€112k▲ 13.3%€131k▲ 17.1%
Operating result€32k-€9k▼ 71.8%€41k▲ 362%€41k▼ 1.7%€32k▼ 20.5%
Net result€24k-€3k▼ 86.8%€29k▲ 837%€25k▼ 13.7%€19k▼ 24.2%
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 €768k
Fixed assets
€714k▼ 5.7%
Current assets
€54k▲ 315%
Equity and liabilities €768k
Equity
€131k▲ 17.1%
Debt
€637k▼ 3.3%
The debt ratio falls from 85.5% to 83.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€76k▼
2024 · €84k
Cash flow
€63k▼
2024 · €68k
Solvency
17.0%▲
2024 · 14.5%
Current ratio
0.12▲
2024 · 0.03
Quick ratio
0.12▲
2024 · 0.03
Debt / equity
4.87▼
2024 · 5.89
ROE
14.6%▼
2024 · 22.5%
ROA
2.5%▼
2024 · 3.3%
Interest coverage
18.99▲
2024 · 17.81
Debt
€637k▼
2024 · €659k
Debt ≤ 1 year
€444k▼
2024 · €445k
Debt > 1 year
€185k▼
2024 · €208k
Income taxes
€9k▼
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€770k€768k▼
Fixed assets21/28€757k€714k▼
Tangible fixed assets22/27€755k€712k▼
Land and buildings22€738k€697k▼
Furniture and vehicles24€17k€15k▼
Financial fixed assets28€2k€2k=
Current assets29/58€13k€54k▲
Amounts receivable within one year40/41€4k€119▼
Trade receivables40€4k€119▼
Cash at bank and in hand54/58€7k€46k▲
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€770k€768k▼
Equity10/15€112k€131k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€93k€112k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€90k€109k▲
Profit (loss) carried forward14€9€11▲
Amounts payable17/49€659k€637k▼
Amounts payable after more than one year17€208k€185k▼
Financial debts170/4€208k€185k▼
Amounts payable within one year42/48€445k€444k▼
Current portion of amounts payable after more than one year42€23k€23k▲
Trade debts44€7k€10k▲
Suppliers440/4€6k€10k▲
Bills of exchange payable441€908-
Taxes, remuneration and social security45€14k€18k▲
Taxes450/3€14k€18k▲
Other amounts payable47/48€401k€392k▼
Accrued charges and deferred income492/3€6k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k▲
Other operating charges640/8€960€687▼
Gross operating margin9900€85k€76k▼
Operating profit (loss)9901€41k€32k▼
Financial income75/76B€1€101▲
Recurring financial income75€1€101▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€36k€28k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€25k€19k▼
Profit (loss) for the period to be appropriated9905€25k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€19k▼
Profit (loss) brought forward from the previous period14P€8€9▲
Transfer from equity791/2€12k-
Transfer to equity691/2€25k€19k▼
To other reserves6921€25k€19k▼
Profit to be distributed694/7€12k-
Return on contributions (dividend)694€12k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €100kEq €112k ▲13.3%
5 profitable years in a row build equity to €112k.
10-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
30-06
Financial
Highest result since 2019net €29k ▲837%
Operating result €41k, net result €29k, 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 €23k
Net result €23k 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
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.
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
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.
Isidore Gérardlaan 291160 OudergemGround 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.
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
Methodology
via registered seat: 1 · via establishment units: 1
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
Ownership & control
3 partiesQUERCABE 0832.383.427
controls
Where this company holds controlthis company sits on their board3
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DELOMAT
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 40,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-12-2010
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.