QUVADEC

Active

Public limited companyfounded 2022active for 4 yearsDamstraat 4, 9230 Wetteren, BelgiumKBO/BCE: BE 0780.702.124

Summary

QUVADEC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €366.6m and a net result of €9.5m. Equity is growing by about 5.3% per year across the filed financial years. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

QUVADECActiveChecked score 59/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€471.9mtotal assets 2024

Equity: €366.6m
Profit: €9.5m

Financial health

59 Fair Checked score 2024

Bankruptcy probability: sector outside the model

Structure

Parent: QUVA INVEST · 85%
Holdings: 1

Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 79 days overdue3 of 7 deeds read

Signalsraises riskAnnual accounts not filedneutralLatest accounts filed on timeShow the evidence

Checked score

Score 2024

59 / 100

Fair

Without a bankruptcy probability: score from the figures alone

A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 100=

equity 77.7% of total assets

Liquidity 50=

short-term debt 2.1% · cash 0.1%

Profitability 43-9

return on assets 2.0%

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit of up to €21,600,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity insufficient (current ratio 0.05, compared with 0.1 in 2023, below 1; short-term debt: 2.1% and cash: 0.1% of total assets), and 22.3% of the assets are financed with debt and provisions.

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Signals

Two signals.

raises riskneutral

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 79 days later.

NBB · 3 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline18-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not filed

2024

58 days early

2023

51 days early

2022

46 days early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 3 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since incorporation in 2022.

KBO publications · our coverage

02-09-2026 MiscellaneousShareholding
28-08-2026 Resignations: WELAKO, FVDH BEHEER and 2…Permanent representatives: John Laebens, Francis…
10-04-2026 Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Brecht Deketele and…