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QUERINO

Active
Private limited companyfounded 199035 yrs activeAnemonenlaan 3, 8301 Knokke-Heist, BelgiumKBO/BCE: BE 0442.707.505
Summary

QUERINO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4,397 and a net result of €8,429. Equity is shrinking by ~50.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability72▲+3
Solvency26▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
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 2024
Solvency, return and age of the figures
Solvency
1.3%
Return on assets
2.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 filings
Deviation from the deadline
2025
not confirmed
2024
12 d late
2023
42 d early
2022
8 d late
2021
22 d late
2020
25 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 December 1990, QUERINO was incorporated.1 Total assets went from EUR 300,609 in 2018 to EUR 328,040 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€4,397
2023 · -€4,032
Total assets
€328,040▲ 2.2%
2023 · €320,895
Net result
€8,429▲ 670%
2023 · €1,095
Working capital
-€293,243▲ 3.3%
2023 · -€303,131
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€3,058▼ 16.0%-€847▲ 72.3%-€5,138▼ 507%€1,348€8,459▲ 528%
Net result-€3,079▼ 10.3%-€1,069▲ 65.3%-€5,786▼ 441%€1,095€8,429▲ 670%
Equity€1,728▼ 64.1%€659▼ 61.9%-€5,127-€4,032▲ 21.4%€4,397
Total assets€305,577▼ 2.0%€299,378▼ 2.0%€293,874▼ 1.8%€320,895▲ 9.2%€328,040▲ 2.2%
Debt€303,849▼ 1.1%€298,719▼ 1.7%€299,000▲ 0.1%€324,927▲ 8.7%€323,643▼ 0.4%
Working capital-€303,783▲ 1.0%-€298,703▲ 1.7%-€298,341▲ 0.1%-€303,131▼ 1.6%-€293,243▲ 3.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2020: -€3,058-€3,058Net result 2020: -€3,079-€3,079Operating result 2021: -€847-€847Net result 2021: -€1,069-€1,069Operating result 2022: -€5,138-€5,138Net result 2022: -€5,786-€5,786Operating result 2023: €1,348€1,348Net result 2023: €1,095€1,095Operating result 2024: €8,459€8,459Net result 2024: €8,429€8,42920202021202220232024-€10,000-€5,000€0€5,000€10,000Operating result 2022: -€5,138-€5,140Net result 2022: -€5,786-€5,790Operating result 2023: €1,348€1,350Net result 2023: €1,095€1,100Operating result 2024: €8,459€8,460Net result 2024: €8,429€8,430202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 528% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328,040
Fixed assets €297,640 ▼ 0.5%
Current assets €30,401 ▲ 39.5%
Equity and liabilities €328,040
Equity €4,397
Debt €323,643
Debt finances 98.7% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€15,450▲
2023 · €7,889
Cash flow
€15,420▲
2023 · €7,636
Current ratio
0.09▲
2023 · 0.07
Debt to equity
73.60▲
2023 · -80.59
ROE
191.7%
ROA
2.6%▲
2023 · 0.3%
Interest coverage
515.00▲
2023 · 30.99
Debt ≤ 1 year
€323,643▼
2023 · €324,927
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,082 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
2.2% stopped otherwise
97% 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 0.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,082 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€320,895€328,040▲
Fixed assets21/28€299,100€297,640▼
Tangible fixed assets22/27€299,100€297,640▼
Land and buildings22€287,070€280,922▼
Furniture and vehicles24€12,030€16,718▲
Current assets29/58€21,795€30,401▲
Amounts receivable within one year40/41€6,204€0▼
Trade receivables40€6,204€0▼
Cash at bank and in hand54/58€15,591€30,401▲
Equity and liabilities
Total equity and liabilities10/49€320,895€328,040▲
Equity10/15-€4,032€4,397▲
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€104,032-€95,603▲
Amounts payable17/49€324,927€323,643▼
Amounts payable within one year42/48€324,927€323,643▼
Trade debts44€2,301€1,018▼
Suppliers440/4€2,301€1,018▼
Other amounts payable47/48€322,626€322,626=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,541€6,991▲
Other operating charges640/8€3,993€3,641▼
Gross operating margin9900€11,882€19,091▲
Operating profit (loss)9901€1,348€8,459▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€255€30▼
Recurring financial charges65€255€30▼
Profit (loss) for the period before taxes9903€1,095€8,429▲
Profit (loss) for the period9904€1,095€8,429▲
Profit (loss) for the period to be appropriated9905€1,095€8,429▲
Appropriation of the result
Profit (loss) to be appropriated9906-€104,032-€95,603▲
Profit (loss) brought forward from the previous period14P-€105,127-€104,032▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,148€6,149€6,148€6,541€6,991▲ 6.9%
Other operating charges640/8-€2,704€3,430€3,993€3,641▼ 8.8%
Gross operating margin9900€6,351€8,006€4,440€11,882€19,091▲ 60.7%
Operating profit (loss)9901-€3,058-€847-€5,138€1,348€8,459▲ 528%
Financial income75/76B---€2€0▼ 100%
Recurring financial income75---€2€0▼ 100%
Financial charges65/66B-€222€648€255€30▼ 88.2%
Recurring financial charges65€21€222€648€255€30▼ 88.2%
Profit (loss) for the period before taxes9903-€3,079-€1,069-€5,786€1,095€8,429▲ 670%
Profit (loss) for the period9904-€3,079-€1,069-€5,786€1,095€8,429▲ 670%
Profit (loss) for the period to be appropriated9905-€3,079-€1,069-€5,786€1,095€8,429▲ 670%
Line20202021202220232024Change
Assets
Total assets20/58€305,577€299,378€293,874€320,895€328,040▲ 2.2%
Fixed assets21/28€305,511€299,362€293,214€299,100€297,640▼ 0.5%
Tangible fixed assets22/27€305,511€299,362€293,214€299,100€297,640▼ 0.5%
Land and buildings22-€299,362€293,214€287,070€280,922▼ 2.1%
Furniture and vehicles24---€12,030€16,718▲ 39.0%
Current assets29/58€66€16€659€21,795€30,401▲ 39.5%
Amounts receivable within one year40/41---€6,204€0▼ 100%
Trade receivables40---€6,204€0▼ 100%
Cash at bank and in hand54/58€66€16€659€15,591€30,401▲ 95.0%
Equity and liabilities
Total equity and liabilities10/49€305,577€299,378€293,874€320,895€328,040▲ 2.2%
Equity10/15€1,728€659-€5,127-€4,032€4,397▲ 209%
Contributions10/11-€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€98,272-€99,341-€105,127-€104,032-€95,603▲ 8.1%
Amounts payable17/49€303,849€298,719€299,000€324,927€323,643▼ 0.4%
Amounts payable within one year42/48€303,849€298,719€299,000€324,927€323,643▼ 0.4%
Trade debts44€1,765--€2,301€1,018▼ 55.8%
Suppliers440/4---€2,301€1,018▼ 55.8%
Other amounts payable47/48-€298,719€299,000€322,626€322,626=
Line20202021202220232024Change
Profit (loss) for the period9904-€3,079-€1,069-€5,786€1,095€8,429▲ 670%
+ Depreciation and write-downs630€6,148€6,149€6,148€6,541€6,991▲ 6.9%
Operating cash flow (approximation)€3,069€5,080€362€7,636€15,420▲ 102%
Investment in fixed assets (approximation)-€0-€0-€12,426-€5,531▲ 55.5%
Change in cash--€50€643€14,932€14,810▼ 0.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
12-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
31-12
Financial Highest result since 2018net €8,429 ▲670%
Operating result €8,459, net result €8,429, both a record.
19-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €1,095
Net result €1,095 after 5 loss-making years.
08-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial Weakest financial yearnet -€5,786
Net result drops to -€5,786, the lowest in the series; recovery starts the following year.
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
25-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
13-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Knokke-Heist
exact location from the address register On OpenStreetMap
Ground area
1,109 m²
Building footprint
398 m²
Volume, LiDAR
3,469 m³
Parcel 31337F0187/00A000, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31337F0187/00A000 Flanders 1,108 m² 1 · 398 m² 14.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BRIQ 70%
  2. Vertice 100%
  3. QUERINO

Highest known parent: BRIQ. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded05-12-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.