Quinconce
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,763, smaller than the loss of €6,891 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €71,766 | €4,279 | - |
| Depreciation and write-downs of the year | €1,532 | €2,377 | €2,601 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €4,074 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,532 | €2,377 | €2,601 | ▲ 9.4% |
| Other operating charges640/8 | €1,055 | €1,525 | €190 | ▼ 87.5% |
| Gross operating margin9900 | -€4,074 | -€2,989 | -€1,972 | ▲ 34.0% |
| Operating profit (loss)9901 | -€6,661 | -€6,891 | -€4,763 | ▲ 30.9% |
| Financial income75/76B | €10 | - | - | - |
| Recurring financial income75 | €10 | - | - | - |
| Financial charges65/66B | €14 | €786 | €45 | ▼ 94.3% |
| Recurring financial charges65 | €14 | €786 | €45 | ▼ 94.3% |
| Profit (loss) for the period before taxes9903 | -€6,665 | -€7,677 | -€4,808 | ▲ 37.4% |
| Profit (loss) for the period9904 | -€6,665 | -€7,677 | -€4,808 | ▲ 37.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,665 | -€7,677 | -€4,808 | ▲ 37.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €88,058 | €79,962 | €74,092 | ▼ 7.3% |
| Fixed assets21/28 | €70,234 | €72,136 | €69,535 | ▼ 3.6% |
| Tangible fixed assets22/27 | €70,234 | €72,136 | €69,535 | ▼ 3.6% |
| Land and buildings22 | €70,234 | €70,174 | €68,017 | ▼ 3.1% |
| Furniture and vehicles24 | - | €1,962 | €1,518 | ▼ 22.6% |
| Current assets29/58 | €17,824 | €7,826 | €4,557 | ▼ 41.8% |
| Amounts receivable within one year40/41 | €454 | €368 | €175 | ▼ 52.4% |
| Other amounts receivable41 | €454 | €368 | €175 | ▼ 52.4% |
| Cash at bank and in hand54/58 | €17,370 | €7,458 | €4,382 | ▼ 41.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €88,058 | €79,962 | €74,092 | ▼ 7.3% |
| Equity10/15 | €45,335 | €37,658 | €32,850 | ▼ 12.8% |
| Contributions10/11 | €52,000 | €52,000 | €52,000 | = |
| Capital10 | €52,000 | €52,000 | €52,000 | = |
| Issued capital100 | €52,000 | €52,000 | €52,000 | = |
| Profit (loss) carried forward14 | -€6,665 | -€14,342 | -€19,150 | ▼ 33.5% |
| Amounts payable17/49 | €42,723 | €42,304 | €41,242 | ▼ 2.5% |
| Amounts payable within one year42/48 | €42,723 | €42,304 | €41,242 | ▼ 2.5% |
| Trade debts44 | - | €388 | €121 | ▼ 68.8% |
| Suppliers440/4 | - | €388 | €121 | ▼ 68.8% |
| Other amounts payable47/48 | €42,723 | €41,916 | €41,121 | ▼ 1.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,665 | -€7,677 | -€4,808 | ▲ 37.4% |
| + Depreciation and write-downs630 | €1,532 | €2,377 | €2,601 | ▲ 9.4% |
| Operating cash flow (approximation) | -€5,133 | -€5,300 | -€2,207 | ▲ 58.4% |
| Investment in fixed assets (approximation) | - | -€4,279 | €0 | - |
| Change in cash | - | -€9,912 | -€3,076 | ▲ 69.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as Quinconce has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Quinconce itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,145 companies, not a prediction for Quinconce. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.