QUIFACTUM
ActiveSummary
The computed 12-month bankruptcy probability of QUIFACTUM is 2.7% (moderate). The 2025 annual accounts show negative equity (-€74,370) and a net result of -€191,603. Equity is shrinking by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 7098 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-100
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 1.21 in 2024; short-term debt: 47.2% and cash: 11.5% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-79%
Return on assets
-203.6%
Age of the figures
18 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
21222425
2021 to 2025 · latest year -€74,370
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-12-2025, 40 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 · 4 filingsDeviation from the deadline
2025
40 d late
2024
59 d early
2022
106 d late
2021
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€74,370
2024 · €117,233
Total assets
€94,124▼ 31.7%
2024 · €137,805
Net result
-€191,603▼ 141%
2024 · -€79,593
Working capital
-€28,212
2024 · €4,391
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220242025
Operating result€4,042--€67,046-€106,458--€191,663▼ 80.0%
Net result€3,898within the sector's middle half--€67,177below the sector's middle half-€79,593below the sector's middle half--€191,603below the sector's middle half▼ 141%
Equity€53,898within the sector's middle half--€13,279below the sector's middle half€117,233within the sector's middle half--€74,370below the sector's middle half
Total assets€101,158within the sector's middle half-€153,780within the sector's middle half▲ 52.0%€137,805within the sector's middle half-€94,124within the sector's middle half▼ 31.7%
Debt€47,260-€167,059▲ 253%€20,572-€168,494▲ 719%
Working capital-€26,150below the sector's middle half--€137,980below the sector's middle half▼ 428%€4,391within the sector's middle half--€28,212below the sector's middle half
Solvency53.3%within the sector's middle half--8.6%below the sector's middle half▼ 61.9pp85.1%above the sector's middle half--79.0%below the sector's middle half▼ 164.1pp
Current ratio0.45below the sector's middle half-0.17below the sector's middle half▼ 0.271.21within the sector's middle half-0.36below the sector's middle half▼ 0.85
Return on assets (ROA)3.9%within the sector's middle half--43.7%below the sector's middle half▼ 47.5pp-57.8%below the sector's middle half--203.6%below the sector's middle half▼ 145.8pp
Staff (FTE)0.31-
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -141% on 2024. The previous fiscal year ran 15 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €191,663 in 2025 against €106,458 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,124
Fixed assets
€77,911 ▼ 31.0%
Current assets
€16,213 ▼ 35.1%
Key figures and ratios
EBITDA
-€153,233▼
2024 · -€64,218
Cash flow
-€153,173▼
2024 · -€37,353
Debt to equity
-2.27▼
2024 · 0.18
Interest coverage
-1049.54▼
2024 · -434.76
Debt ≤ 1 year
€44,425▲
2024 · €20,572
Debt > 1 year
€124,069
Staff costs
€95,951▲
2024 · €51,283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 6,010 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
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8,936 | €51,283 | €95,951 | ▲ 87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,997 | €24,443 | €42,240 | €38,430 | ▼ 9.0% |
| Other operating charges640/8 | €826 | €520 | €499 | €513 | ▲ 2.7% |
| Gross operating margin9900 | €12,865 | -€33,147 | -€12,435 | -€56,769 | ▼ 357% |
| Operating profit (loss)9901 | €4,042 | -€67,046 | -€106,458 | -€191,663 | ▼ 80.0% |
| Financial income75/76B | €0 | €1 | €27,013 | €206 | ▼ 99.2% |
| Recurring financial income75 | €0 | €1 | €27,013 | €206 | ▼ 99.2% |
| Financial charges65/66B | €144 | €132 | €148 | €146 | ▼ 1.2% |
| Recurring financial charges65 | €144 | €132 | €148 | €146 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €3,898 | -€67,177 | -€79,593 | -€191,603 | ▼ 141% |
| Profit (loss) for the period9904 | €3,898 | -€67,177 | -€79,593 | -€191,603 | ▼ 141% |
| Profit (loss) for the period to be appropriated9905 | €3,898 | -€67,177 | -€79,593 | -€191,603 | ▼ 141% |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €101,158 | €153,780 | €137,805 | €94,124 | ▼ 31.7% |
| Fixed assets21/28 | €80,048 | €124,701 | €112,842 | €77,911 | ▼ 31.0% |
| Intangible fixed assets21 | €80,048 | €122,967 | €108,348 | €74,750 | ▼ 31.0% |
| Tangible fixed assets22/27 | - | €1,734 | €4,494 | €3,161 | ▼ 29.7% |
| Plant, machinery and equipment23 | - | €1,734 | €4,494 | €3,161 | ▼ 29.7% |
| Current assets29/58 | €21,110 | €29,080 | €24,963 | €16,213 | ▼ 35.1% |
| Amounts receivable within one year40/41 | €6,577 | €28,566 | €3,051 | €5,403 | ▲ 77.1% |
| Trade receivables40 | - | - | €1,702 | €0 | ▼ 100% |
| Other amounts receivable41 | €6,577 | €28,566 | €1,349 | €5,403 | ▲ 300% |
| Cash at bank and in hand54/58 | €14,533 | €514 | €21,912 | €10,810 | ▼ 50.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €101,158 | €153,780 | €137,805 | €94,124 | ▼ 31.7% |
| Equity10/15 | €53,898 | -€13,279 | €117,233 | -€74,370 | ▼ 163% |
| Contributions10/11 | €50,000 | €50,000 | €260,105 | €260,105 | = |
| Reserves13 | €3,898 | €3,898 | €3,898 | €3,898 | = |
| Distributable reserves133 | €3,898 | €3,898 | €3,898 | €3,898 | = |
| Profit (loss) carried forward14 | - | -€67,177 | -€146,770 | -€338,373 | ▼ 131% |
| Amounts payable17/49 | €47,260 | €167,059 | €20,572 | €168,494 | ▲ 719% |
| Amounts payable after more than one year17 | - | - | - | €124,069 | - |
| Financial debts170/4 | - | - | - | €124,069 | - |
| Amounts payable within one year42/48 | €47,260 | €167,059 | €20,572 | €44,425 | ▲ 116% |
| Trade debts44 | €7,260 | €37,059 | €11,783 | €23,457 | ▲ 99.1% |
| Suppliers440/4 | €7,260 | €37,059 | €11,783 | €23,457 | ▲ 99.1% |
| Taxes, remuneration and social security45 | - | - | €8,789 | €20,968 | ▲ 139% |
| Taxes450/3 | - | - | - | €879 | - |
| Remuneration and social security454/9 | - | - | €8,789 | €20,089 | ▲ 129% |
| Other amounts payable47/48 | €40,000 | €130,000 | - | - | - |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,898 | -€67,177 | -€79,593 | -€191,603 | ▼ 141% |
| + Depreciation and write-downs630 | €7,997 | €24,443 | €42,240 | €38,430 | ▼ 9.0% |
| Operating cash flow (approximation) | €11,895 | -€42,734 | -€37,353 | -€153,173 | ▼ 310% |
| Investment in fixed assets (approximation) | - | -€69,095 | - | -€3,499 | - |
| Change in cash | - | -€14,019 | - | -€11,102 | - |
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
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
31-03
Financial
Weakest financial yearnet -€191,603
Net result drops to -€191,603, the lowest in the series.
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 7current ratio 1.21
Current ratio from 0.17 to 1.21; short-term debt falls from €167,059 to €20,572.
31-03
Financial
Equity above €100,000Eq €117,233
Equity rises from -€13,279 to €117,233.
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2020
Ground area
6,856 m²
Building footprint
2,547 m²
Volume, LiDAR
35,399 m³
Parcel 31434C0037/00L007, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Quifactum
since 20202.309.052.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0037/00L007 | Flanders | 6,856 m² | 1 · 2,547 m² | 18.2 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 88,325 EUR awarded · 72,509 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 1,759 EUR | 5,509 EUR |
| 2024 | 2 | 3,750 EUR | 27,000 EUR |
| 2023 | 1 | 69,816 EUR | 27,000 EUR |
| 2022 | 2 | 13,000 EUR | 13,000 EUR |
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,558 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
Founded09-10-2020
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
62900Other information technology and computer services
73110Advertising agencies
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755958117
Also
9925:BE0755958117
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.