Quick-MSDS
ActiveSummary
Quick-MSDS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €56k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+92
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 28.13 against 21.46 in 2024; short-term debt: 3.5% and cash: 81.3% of total assets), and 3.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
96.5%
Return on assets
18.6%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
32 d early
2021
31 d late
2020
42 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€292k▲ 23.9%
2024 · €236k
2018: €234k
2019: €107k▼ -54.1% vs 2018
2020: €76k▼ -29.5% vs 2019
2021: €63k▼ -16.2% vs 2020lowest in 8 years
2022: €299k▲ +372% vs 2021highest in 8 years
2023: €285k▼ -4.8% vs 2022
2024: €236k▼ -17.3% vs 2023
2025: €292k▲ +23.9% vs 2024
2018 → 2025
Total assets
€303k▲ 22.6%
2024 · €247k
2018: €296k
2019: €166k▼ -44.0% vs 2018
2020: €128k▼ -22.7% vs 2019lowest in 8 years
2021: €364k▲ +184% vs 2020
2022: €446k▲ +22.5% vs 2021highest in 8 years
2023: €319k▼ -28.6% vs 2022
2024: €247k▼ -22.4% vs 2023
2025: €303k▲ +22.6% vs 2024
2018 → 2025
Net result
€56k
2024 · €-49k
2018: €-3k
2019: €-126k▼ -4901% vs 2018lowest in 8 years
2020: €-32k▲ +74.9% vs 2019
2021: €190k▲ +700% vs 2020
2022: €251k▲ +31.8% vs 2021highest in 8 years
2023: €722▼ -99.7% vs 2022
2024: €-49k▼ -6915% vs 2023
2025: €56k▲ +215% vs 2024
2018 → 2025
Working capital
€290k▲ 24.7%
2024 · €233k
2018: €236k
2019: €108k▼ -54.3% vs 2018
2020: €75k▼ -30.4% vs 2019
2021: €60k▼ -19.5% vs 2020lowest in 8 years
2022: €299k▲ +396% vs 2021highest in 8 years
2023: €281k▼ -6.0% vs 2022
2024: €233k▼ -17.2% vs 2023
2025: €290k▲ +24.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€299k▲ 372%€285k▼ 4.8%€236k▼ 17.3%€292k▲ 23.9%
2021: €63klowest in 5 years
2022: €299k▲ +372% vs 2021highest in 5 years
2023: €285k▼ -4.8% vs 2022
2024: €236k▼ -17.3% vs 2023
2025: €292k▲ +23.9% vs 2024
Operating result€239k-€357k▲ 49.3%€647▼ 99.8%€-50k€57k
2021: €239k
2022: €357k▲ +49.3% vs 2021highest in 5 years
2023: €647▼ -99.8% vs 2022
2024: €-50k▼ -7808% vs 2023lowest in 5 years
2025: €57k▲ +214% vs 2024
Net result€190k-€251k▲ 31.8%€722▼ 99.7%€-49k€56k
2021: €190k
2022: €251k▲ +31.8% vs 2021highest in 5 years
2023: €722▼ -99.7% vs 2022
2024: €-49k▼ -6915% vs 2023lowest in 5 years
2025: €56k▲ +215% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €57k after a loss of €50k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €303k
Fixed assets
€2k ▼ 29.9%
Current assets
€301k ▲ 23.2%
Equity and liabilities €303k
Equity
€292k ▲ 23.9%
Debt
€11k ▼ 6.0%
Debt's share of the balance-sheet total falls from 4.6% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▲
2024 · €-49k
Cash flow
€57k▲
2024 · €-48k
Current ratio
28.13▲
2024 · 21.46
Debt to equity
0.04▼
2024 · 0.05
ROE
19.3%▲
2024 · -20.9%
ROA
18.6%▲
2024 · -19.9%
Interest coverage
67.65▲
2024 · -778.65
Debt ≤ 1 year
€11k▼
2024 · €11k
Income taxes
€4k▲
2024 · €0
Staff costs
€500▲
2024 · €250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€247k€303k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€200€200=
Current assets29/58€244k€301k▲
Amounts receivable within one year40/41€46k€54k▲
Trade receivables40€25k€16k▼
Other amounts receivable41€22k€38k▲
Cash at bank and in hand54/58€198k€246k▲
Deferred charges and accrued income490/1€0€940▲
Equity and liabilities
Total equity and liabilities10/49€247k€303k▲
Equity10/15€236k€292k▲
Contributions10/11€6k€6k=
Reserves13€279k€286k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€277k€284k▲
Profit (loss) carried forward14€-49k€0▲
Amounts payable17/49€11k€11k▼
Amounts payable within one year42/48€11k€11k▼
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€2k€804▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€250€500▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€926€926=
Other operating charges640/8€839€2k▲
Gross operating margin9900€-48k€60k▲
Operating profit (loss)9901€-50k€57k▲
Financial income75/76B€700€5k▲
Recurring financial income75€700€5k▲
Financial charges65/66B€63€850▲
Recurring financial charges65€63€850▲
Profit (loss) for the period before taxes9903€-49k€61k▲
Income taxes67/77€0€4k▲
Profit (loss) for the period9904€-49k€56k▲
Profit (loss) for the period to be appropriated9905€-49k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€7k▲
Profit (loss) brought forward from the previous period14P-€-49k
Transfer from equity791/2€0-
Transfer to equity691/2€0€7k▲
To other reserves6921€0€7k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €23k | €22k | €1k | €250 | €500 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €804 | €926 | €926 | = |
| Other operating charges640/8 | €2k | €857 | €1k | €839 | €2k | ▲ 98.8% |
| Gross operating margin9900 | €275k | €391k | €4k | €-48k | €60k | ▲ 225% |
| Operating profit (loss)9901 | €239k | €357k | €647 | €-50k | €57k | ▲ 214% |
| Financial income75/76B | €8k | €6k | €834 | €700 | €5k | ▲ 594% |
| Recurring financial income75 | €8k | €6k | €834 | €700 | €5k | ▲ 594% |
| Financial charges65/66B | €890 | €576 | €66 | €63 | €850 | ▲ 1,253% |
| Recurring financial charges65 | €890 | €576 | €66 | €63 | €850 | ▲ 1,253% |
| Profit (loss) for the period before taxes9903 | €247k | €363k | €1k | €-49k | €61k | ▲ 223% |
| Income taxes67/77 | €56k | €112k | €692 | €0 | €4k | - |
| Profit (loss) for the period9904 | €190k | €251k | €722 | €-49k | €56k | ▲ 215% |
| Profit (loss) for the period to be appropriated9905 | €190k | €251k | €722 | €-49k | €56k | ▲ 215% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364k | €446k | €319k | €247k | €303k | ▲ 22.6% |
| Fixed assets21/28 | €11k | €200 | €4k | €3k | €2k | ▼ 29.9% |
| Tangible fixed assets22/27 | €10k | €0 | €4k | €3k | €2k | ▼ 31.9% |
| Furniture and vehicles24 | €10k | €0 | €4k | €3k | €2k | ▼ 31.9% |
| Other tangible fixed assets26 | €147 | €0 | - | - | - | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €354k | €446k | €315k | €244k | €301k | ▲ 23.2% |
| Amounts receivable within one year40/41 | €148k | €189k | €26k | €46k | €54k | ▲ 15.1% |
| Trade receivables40 | €7k | €10k | €21k | €25k | €16k | ▼ 35.9% |
| Other amounts receivable41 | €141k | €179k | €6k | €22k | €38k | ▲ 72.6% |
| Cash at bank and in hand54/58 | €206k | €257k | €288k | €198k | €246k | ▲ 24.7% |
| Deferred charges and accrued income490/1 | - | - | €274 | €0 | €940 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364k | €446k | €319k | €247k | €303k | ▲ 22.6% |
| Equity10/15 | €63k | €299k | €285k | €236k | €292k | ▲ 23.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €57k | €293k | €279k | €279k | €286k | ▲ 2.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €55k | €291k | €277k | €277k | €284k | ▲ 2.6% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €-49k | €0 | ▲ 100% |
| Amounts payable17/49 | €301k | €147k | €34k | €11k | €11k | ▼ 6.0% |
| Amounts payable after more than one year17 | €8k | €0 | - | - | - | - |
| Financial debts170/4 | €8k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €293k | €147k | €34k | €11k | €11k | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | €13k | €8k | €0 | - | - | - |
| Trade debts44 | €12k | €11k | €16k | €6k | €4k | ▼ 27.7% |
| Suppliers440/4 | €12k | €11k | €16k | €6k | €4k | ▼ 27.7% |
| Taxes, remuneration and social security45 | €66k | €114k | €2k | €5k | €6k | ▲ 19.4% |
| Taxes450/3 | €62k | €114k | €2k | €3k | €5k | ▲ 95.3% |
| Remuneration and social security454/9 | €4k | €0 | - | €2k | €804 | ▼ 67.2% |
| Other amounts payable47/48 | €203k | €15k | €15k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €40 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €190k | €251k | €722 | €-49k | €56k | ▲ 215% |
| + Depreciation and write-downs630 | €10k | €10k | €804 | €926 | €926 | = |
| Operating cash flow (approximation) | €201k | €261k | €2k | €-48k | €57k | ▲ 219% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €0 | €0 | - |
| Change in cash | - | €51k | €31k | €-90k | €49k | ▲ 154% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 21.46
Current ratio from 9.38 to 21.46; short-term debt falls from €34k to €11k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 9.38
Current ratio from 3.03 to 9.38; short-term debt falls from €147k to €34k.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €251k ▲31.8%
Operating result €357k, net result €251k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 1.21 to 3.03; short-term debt falls from €293k to €147k.
30-09
Financial
Equity above €200kEq €299k ▲372%
2 profitable years in a row build equity to €299k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Back to profitnet €190k
Net result €190k after 3 loss-making years.
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 42 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-126k
Net result drops to €-126k, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Ronse · 1 establishment unit since 2011
Ground area
1,596 m²
Building footprint
610 m²
Volume, LiDAR
3,297 m³
Parcel 45422C0036/00C004, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waatsbrugstraat 20, 9600 Ronse
since 20112.200.705.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0036/00C004 | Flanders | 1,596 m² | 1 · 610 m² | 6.6 m · 2 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.
Similar companies · same sector, comparable size
IMMO32
BE 0507.604.760
Tongeren-Borgloon · Eq €292,261
TRAVACOL
BE 0405.709.131
Merelbeke-Melle · Eq €292,641
PHALANX
BE 0898.178.626
Brasschaat · Eq €291,618
General Optics Europe
BE 0707.795.934
Diepenbeek · Eq €293,126
LIMBO
BE 0462.960.907
Lommel · Eq €291,176
Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-04-2011
Fiscal year end30-09
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
46110Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.