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QUERCUS

Active
Public limited companyfounded 198937 years activeRue Jean le Meunier 5, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0437.704.283
Summary

QUERCUS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €25,378. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 19,385 sector peers (NACE 68, fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
Size
€2.5mtotal assets 2024
Equity
€1.1m
Profit
€25,378
Turnover not published (abridged schema)
Financial health
57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts 69 days overdue0 of 4 deeds read
Why 57Capped at 59: a confirmed filing finding- Figures for FY 2024 (filed 05-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 92 days late; 3 of the last 3 late- Liquidity: current ratio 1.52, cash €61,493, halved+ Founded in 1989Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 66% of its sector peers (NACE 68, small)
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 71-1
equity 45.9% of total assets
Liquidity 53-18
short-term debt 5.3% · cash 2.5%
Profitability 70+1
return on assets 1.0%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,969 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.6%▲ +0.2 percentage points vs 09-2026highest value
Credit up to €65,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.52 against 2.28 in 2023; short-term debt: 5.3% and cash: 2.5% of total assets), but 54.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 64% on solvency, 75% on liquidity, 72% on profitability and 54% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 05-11-2025)
NBB · annual accounts
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 92 days late; 3 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.52, cash €61,493, halved
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
92 days late
2023
69 days late
2022
92 days late
2021
88 days late
2020
61 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 87 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €25,378
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Among the best 9% on equitysector median €87,053 · 19,402 companies €1.1m View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Active since 1989founded 23-05-1989 37 years View

By topic

Financials

Fiscal year
2024
Total assets
€2.5m
Profit
€25,378
Solvency
45.9%
Total assets▲ 4.3%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 31-10-2023Annual accounts filed
  2. 31-12-2022Liquidity quadruples
  3. 27-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
23-05-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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