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QUEST

Active
Private limited companyfounded 2024active for 1 yearHundelgemsesteenweg 848, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 1016.021.649
Summary

QUEST has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,036 and a net result of €97,036. Its solvency ranks better than 50% of 2,310 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€99,036
Total assets
€175,095
Net result
€97,036
Working capital
€97,183

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €175,095
Fixed assets €1,853
Current assets €173,242
Equity and liabilities €175,095
Equity €99,036
Debt €76,059
Debt finances 43.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€137,488
Cash flow
€97,846
Current ratio
2.28
Debt to equity
0.77
ROE
98.0%
ROA
55.4%
Interest coverage
over 100
Debt ≤ 1 year
€76,059
Income taxes
€39,458

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 11,280 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 · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€175,095
Fixed assets21/28€1,853
Tangible fixed assets22/27€1,853
Furniture and vehicles24€1,853
Current assets29/58€173,242
Amounts receivable within one year40/41€7,352
Trade receivables40€7,352
Cash at bank and in hand54/58€165,256
Deferred charges and accrued income490/1€635
Equity and liabilities
Total equity and liabilities10/49€175,095
Equity10/15€99,036
Contributions10/11€2,000
Reserves13€97,036
Distributable reserves133€97,036
Amounts payable17/49€76,059
Amounts payable within one year42/48€76,059
Trade debts44€3,062
Suppliers440/4€3,062
Taxes, remuneration and social security45€59,740
Taxes450/3€59,740
Other amounts payable47/48€13,257
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€810
Other operating charges640/8€887
Gross operating margin9900€138,375
Operating profit (loss)9901€136,678
Financial charges65/66B€184
Recurring financial charges65€184
Profit (loss) for the period before taxes9903€136,494
Income taxes67/77€39,458
Profit (loss) for the period9904€97,036
Profit (loss) for the period to be appropriated9905€97,036
Appropriation of the result
Profit (loss) to be appropriated9906€97,036
Transfer to equity691/2€97,036
To other reserves6921€97,036

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€810
Other operating charges640/8€887
Gross operating margin9900€138,375
Operating profit (loss)9901€136,678
Financial charges65/66B€184
Recurring financial charges65€184
Profit (loss) for the period before taxes9903€136,494
Income taxes67/77€39,458
Profit (loss) for the period9904€97,036
Profit (loss) for the period to be appropriated9905€97,036
Line2025
Assets
Total assets20/58€175,095
Fixed assets21/28€1,853
Tangible fixed assets22/27€1,853
Furniture and vehicles24€1,853
Current assets29/58€173,242
Amounts receivable within one year40/41€7,352
Trade receivables40€7,352
Cash at bank and in hand54/58€165,256
Deferred charges and accrued income490/1€635
Equity and liabilities
Total equity and liabilities10/49€175,095
Equity10/15€99,036
Contributions10/11€2,000
Reserves13€97,036
Distributable reserves133€97,036
Amounts payable17/49€76,059
Amounts payable within one year42/48€76,059
Trade debts44€3,062
Suppliers440/4€3,062
Taxes, remuneration and social security45€59,740
Taxes450/3€59,740
Other amounts payable47/48€13,257
Line2025
Profit (loss) for the period9904€97,036
+ Depreciation and write-downs630€810
Operating cash flow (approximation)€97,846

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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Similar companies · same sector, comparable size

Of the 3,137 companies in this sector, figures are known for 1,576. 1,292 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: not fully processed yet. The notices from August 2017 to September 2026 are still being read.