Checked.be
Active
BE 0412.923.456Private limited company
Querjan
Clos de la Rivière 9 ·1342 Ottignies-Louvain-la-Neuve, Belgium· 53 yrs active
Sector: Specialised construction activities
(43343)
Conclusion
Querjan has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €444k and a net result of €-26k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 2906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €444k |
| Net result | €-26k |
| Better than sector | 59% |
| Active | 53 yrs |
Financial profile
53
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
42
Profitability
4
Solvency
96
Growth
24
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1973, 53 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
42
/ 100
Weak
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€19k
estimate, not credit advice
Score history
100
2023
88
2024
42
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.01 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.87 (≥ 1.0)
+5
Leverage
Debt/equity 0.96 (< 1.0)
+10
Profitability
Negatieve ROE -6%
-10
EBITDA margin
Negatieve EBITDA-marge
-10
Interest coverage
Interest coverage -4.8× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~125.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 51.1% | 43.3% | |
| Net result | €-26k | €13k | |
| Equity | €444k | €44k | |
| Gross operating margin | €103k | €39k | |
| Staff costs | €64k | €30k |
€1.02M
-9.7%
23-25
€-5k
-
23-25
€-26k
-
23-25
€-10k
-
23-25
€868k
+13.6%
23-25
€444k
-27.3%
23-25
€428k
-27.1%
23-25
1
0.0%
23-25
€64k
+4.7%
23-25
€7k
-77.1%
23-25
€140k
+302.4%
23-25
€425k
+174.9%
23-25
€424k
+193.1%
23-25
€1k
-89.8%
23-25
2.01
-60.3%
23-25
1.87
-62.0%
23-25
51.1%
-36.0%
23-25
0.96
+278.0%
23-25
-5.9%
-
23-25
-3.0%
-
23-25
-2.5%
-
23-25
-0.5%
-
23-25
-4.83
-
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | €1.02M | €1.13M | €1.21M |
| EBITDA | €-5k | €81k | €131k |
| Net profit | €-26k | €38k | €71k |
| Cash flow | €-10k | €55k | €87k |
| Staff costs | €64k | €61k | €61k |
| Income taxes | €7k | €29k | €44k |
| Dividends | €140k | - | €35k |
| Total assets | €868k | €764k | €828k |
| Equity | €444k | €610k | €571k |
| Debt | €425k | €155k | €256k |
| of which ≤ 1y | €424k | €145k | €235k |
| of which > 1y | €1k | €10k | €22k |
| Working capital | €428k | €587k | €544k |
| Employees (FTE) | - | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.01 | 5.06 | 3.32 |
| Quick ratio | 1.87 | 4.92 | 3.19 |
| Working capital ratio | 49.3% | 76.8% | 65.8% |
| Solvency | 51.1% | 79.8% | 69.0% |
| Debt / equity | 0.96 | 0.25 | 0.45 |
| Long-term debt ratio | 0.00 | 0.02 | 0.04 |
| Interest coverage | -4.83 | 92.10 | 136.82 |
| Gross margin | 7.8% | 11.0% | 12.1% |
| Net margin | -2.5% | 3.4% | 5.8% |
| ROA | -3.0% | 5.0% | 8.5% |
| ROE | -5.9% | 6.3% | 12.4% |
| EBITDA margin | -0.5% | 7.2% | 10.8% |
| Days sales outstanding | 35d | 32d | 36d |
| Days payable outstanding | 60d | 36d | 22d |
| Inventory turnover | 15.61 | 49.71 | 33.61 |
| Days inventory (DSI) | 23d | 7d | 11d |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €868k | €764k | €828k |
| Fixed assets | 21/28 | €16k | €32k | €49k |
| Tangible fixed assets | 22/27 | €16k | €32k | €48k |
| Financial fixed assets | 28 | €55 | €55 | €55 |
| Current assets | 29/58 | €852k | €732k | €779k |
| Stocks & contracts in progress | 3 | €60k | €20k | €32k |
| Amounts receivable within one year | 40/41 | €126k | €127k | €141k |
| Investments | 50/53 | €503k | €464k | €395k |
| Cash & bank | 54/58 | €159k | €117k | €207k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €868k | €764k | €828k |
| Equity | 10/15 | €444k | €610k | €571k |
| Contributions / capital | 10/11 | €20k | €20k | €20k |
| Reserves | 13 | €449k | €589k | €551k |
| Accumulated profits (losses) | 14 | €-26k | - | - |
| Amounts payable | 17/49 | €425k | €155k | €256k |
| Amounts payable after one year | 17 | €1k | €10k | €22k |
| Amounts payable within one year | 42/48 | €424k | €145k | €235k |
| Trade debts payable within one year | 44 | €155k | €99k | €64k |
| Income statement | ||||
| Turnover | 70 | €1.02M | €1.13M | €1.21M |
| Gross operating margin | 9900 | €103k | €182k | €194k |
| Operating result | 9901 | €-21k | €65k | €115k |
| Financial income | 75 | €3k | €3k | €3k |
| Financial charges | 65 | €983 | €880 | €958 |
| Result before taxes | 9903 | €-19k | €67k | €115k |
| Income taxes | 67/77 | €7k | €29k | €44k |
| Net result for the period | 9904 | €-26k | €38k | €71k |
| Result to be appropriated | 9905 | €-26k | €38k | €71k |
Legal Structure
| NACE primary | Specialised construction activities(43343) |
| Legal form | Private limited company(610) |
| Incorporation | 01-01-1973 |
| Status | Active |
| Postal code | 1342 |
Establishment units
Kuikenstraat 123, 1620 Drogenbos
since 19732.008.017.388
Real-estate footprint
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001B0076/00N002 | Flanders | 1,573 m² | 1 · 924 m² | 14.6 m · 1 fl. |
| 25056B0364/00V000 | Wallonia | 1,190 m² | 1 · 96 m² | 8.8 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-26k ▼167%
Net result drops to €-26k, the lowest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Specialised construction activities4334345422
Names & trade names
| Legal nameFR | Querjan |
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