QustomDot

Active

Private limited companyfounded 20206 yrs activeTechnologiepark-Zwijnaarde 66, 9052 Gent, BelgiumKBO/BCE: BE 0742.565.880

Summary

The annual accounts of QustomDot for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €471,489 and a net result of -€1.2m. Equity is shrinking by ~20.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 4251 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch Report Compare

QustomDotActiveChecked score 54/100

Risk analysis Report Compare

Activity

Other professional, scientific and technical activities

NACE 74999Other technical testing and analysis NACE 71209NACE 74909

1 site

Size

€2.8mtotal assets 2025

Staff: 6.2 FTE
Equity: €471,489
Loss: -€1.2m

Turnover not published (abridged schema)

Financial health

54 Fair Checked score 2025

Bankruptcy chance 12 m: 0.1%

Structure

Largest shareholder: Participatiemaatschappij Vlaanderen · 25.5%
Board: 6 members

Accounts filed 20 d late2 of 14 deeds read

Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €1.2m, the second in a row (FY 2025)+ Size: total assets €2.8m+ Sector Other professional, scientific and technical activities (NACE 74)+ Figures for FY 2025 (filed 20-08-2026)Show the evidence

Checked score

Score 2025

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 30% of its sector peers (NACE 74, small)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 42-27

equity 17.1% of total assets

Liquidity 88-10

short-term debt 13.4% · cash 31.9%

Profitability 0=

return on assets -45.2%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (191 companies)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%▲ +2.6% vs 12-2024 02-2025: 0.3%▲ +1.1% vs 01-2025 03-2025: 0.3%▲ +12.1% vs 02-2025 04-2025: 0.3%▲ +11.1% vs 03-2025 05-2025: 0.4%▲ +2.3% vs 04-2025 06-2025: 0.3%▼ -5.9% vs 05-2025 07-2025: 0.4%▲ +7.1% vs 06-2025 08-2025: 0.6%▲ +67.8% vs 07-2025highest value 09-2025: < 0.1%▼ -91.7% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%▲ +4.0% vs 12-2025 02-2026: 0.1%▼ -1.9% vs 01-2026 03-2026: 0.1%▲ +25.5% vs 02-2026 04-2026: 0.1%▲ +12.5% vs 03-2026 05-2026: 0.1%▲ +5.6% vs 04-2026 06-2026: 0.1%▲ +15.8% vs 05-2026 07-2026: 0.1%▲ +14.8% vs 06-2026 08-2026: 0.2%▲ +90.1% vs 07-2026 09-2026: 0.1%▼ -44.8% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026

Loss of €1.2m, the second in a row (FY 2025) raises the probability
Size: total assets €2.8m lowers the probability for this profile
Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
Figures for FY 2025 (filed 20-08-2026) lowers the probability

Credit up to €25,000 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 6.5 against 9.68 in 2024; short-term debt: 13.4% and cash: 31.9% of total assets), but 82.9% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, small). Better than this share of them on solvency 21%, liquidity 91%, profitability 4%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Loss of €1.2m, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €2.8m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Sector Other professional, scientific and technical activities (NACE 74)

In the bankruptcy model this factor lowers the probability.

KBO

Figures for FY 2025 (filed 20-08-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2122232425

2021 to 2025 · latest year -€1.2m

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4251 sector peers (2025).

NBB · sector comparison

Position among 4251 sector peers

Solvency

better than 25%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 5 filings

Deviation from the deadline

2025

20 d late

2024

7 d late

2023

36 d early

2022

32 d early

2021

30 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (4 of the last 5 filed years within 37 days of that day).

Companies Code · seven months

Position in the running window

04-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

20-08-26 Annual accounts filedfiscal year 2025 · micro…
26-06-26 Resignations: NAKONECHNYI Igor, DE NOLF Kim…Appointments: DE NOLF Kim, PARTICIPATIEMAATSCHAPPIJ…
02-04-26 Appointment: ALSOLVA SAS (independent director)Permanent representative: Gildas Sorin

Key points

Risk: 5 loss-making years in a rowloss fiscal year 2025 -€1.2m View
Caution: Among the weakest 5% on net resultsector median €9,226 · 4,248 companies -€1.2m View
Caution: Equity fell in 2025from €1.7m to €471,489 ▼ 72.6% View
Board changedlatest change 26-06-2026 · 6 in office 4 joined · 2 left View
EU supportawarded 2022 - 2024 €3.2m View