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 €366.64M and a net result of €9.52M. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 2777 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · 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 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
51 d early
2022
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€366.64M▲ 2.7%
2023 · €357.12M
2022: €329.00M
2023: €357.12M
2022 → 2024
Net result
€9.52M▼ 66.2%
2023 · €28.12M
2022: €4.00M
2023: €28.12M
2022 → 2024
Total assets
€471.86M▼ 0.1%
2023 · €472.35M
2022: €474.32M
2023: €472.35M
2022 → 2024
Solvency
77.7%▲ 2.1pp
2023 · 75.6%
2022: 69.4%
2023: 75.6%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€329.00M-€357.12M▲ 8.5%€366.64M▲ 2.7%
Operating result€-1.51M-€-8k▲ 99.5%€-8k▼ 1.3%
Net result€4.00M-€28.12M▲ 602%€9.52M▼ 66.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €8k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €471.86M
Fixed assets
€471.31M =
Current assets
€543k ▼ 47.7%
Equity and liabilities €471.86M
Equity
€366.64M ▲ 2.7%
Debt
€105.22M ▼ 8.7%
Debt's share of the balance-sheet total falls from 24.4% to 22.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.6%▼
2023 · 7.9%
ROA
2.0%▼
2023 · 6.0%
Debt ≤ 1 year
€10.00M=
2023 · €10.00M
Debt > 1 year
€95.00M▼
2023 · €105.00M
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€472.35M€471.86M▼
Fixed assets21/28€471.31M€471.31M=
Financial fixed assets28€471.31M€471.31M=
Affiliated companies280/1€471.31M€471.31M=
Participating interests280€471.31M€471.31M=
Current assets29/58€1.04M€543k▼
Amounts receivable within one year40/41€828k€251k▼
Other amounts receivable41€828k€251k▼
Cash at bank and in hand54/58€210k€292k▲
Equity and liabilities
Total equity and liabilities10/49€472.35M€471.86M▼
Equity10/15€357.12M€366.64M▲
Contributions10/11€325.00M€325.00M=
Capital10€325.00M€325.00M=
Issued capital100€325.00M€325.00M=
Reserves13€1.61M€2.08M▲
Non-distributable reserves130/1€1.61M€2.08M▲
Legal reserve130€1.61M€2.08M▲
Profit (loss) carried forward14€30.51M€39.56M▲
Amounts payable17/49€115.23M€105.22M▼
Amounts payable after more than one year17€105.00M€95.00M▼
Financial debts170/4€105.00M€95.00M▼
Subordinated loans170€30.00M€30.00M=
Credit institutions173€75.00M€65.00M▼
Amounts payable within one year42/48€10.00M€10.00M=
Current portion of amounts payable after more than one year42€10.00M€10.00M=
Trade debts44€2k-
Suppliers440/4€2k-
Accrued charges and deferred income492/3€228k€218k▼
Income statement
Code20232024
Operating charges60/66A€8k€8k▲
Services and other goods61€8k€8k▼
Other operating charges640/8€139€279▲
Operating profit (loss)9901€-8k€-8k▼
Financial income75/76B€31.18M€12.16M▼
Recurring financial income75€31.18M€12.16M▼
Income from financial fixed assets750€31.00M€12.00M▼
Income from current assets751€185k€160k▼
Other financial income752/9€175-
Financial charges65/66B€3.06M€2.63M▼
Recurring financial charges65€3.06M€2.63M▼
Debt charges650€3.06M€2.63M▼
Other financial charges652/9€884€1k▲
Profit (loss) for the period before taxes9903€28.12M€9.52M▼
Profit (loss) for the period9904€28.12M€9.52M▼
Profit (loss) for the period to be appropriated9905€28.12M€9.52M▼
Appropriation of the result
Profit (loss) to be appropriated9906€31.92M€40.03M▲
Profit (loss) brought forward from the previous period14P€3.80M€30.51M▲
Transfer to equity691/2€1.41M€476k▼
To the legal reserve6920€1.41M€476k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-09
State Gazette act
MiscellaneousShare consolidation2 facts ▸
State Gazette act
Miscellaneous
Share consolidation2 facts ▸
- Board meeting, 11-08-2026
- Share consolidation, Alle aandelen in één hand verenigd; overeenkomstig artikel 2:8, §4 WVV, het gegeven dat alle aandelen in één hand zijn verenigd evenals de identiteit van de eni…
28-08
State Gazette act
Resignations: WELAKO, FVDH BEHEER and 6 others9 facts ▸
State Gazette act
Resignations: WELAKO, FVDH BEHEER and 6 others
9 facts ▸
- General meeting, 11-08-2026
- Director resignation, WELAKO (director)
- Director resignation, FVDH BEHEER (director)
- Director resignation, Didec Management (managing director)
- Director resignation, Fodec Management (managing director)
- Director resignation, John Laebens (permanent representative)
- Director resignation, Francis Vanderhoydonck (permanent representative)
- Director resignation, Dirk De Cuyper (permanent representative)
- Director resignation, Peter De Cuyper (permanent representative)
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2022net €28.12M ▲602%
Operating result €-8k, net result €28.12M, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-08-2026
WELAKO: Resigned as Director
30-07-2026
Didec Management: Resigned as Managing director
30-07-2026
Fodec Management: Resigned as Managing director
30-07-2026
FVDH BEHEER: Resigned as Director
Location & real-estate footprint
Registered office, Wetteren · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Damstraat 49230 WetterenGround area
6.0 ha
Building footprint
2.7 ha
Volume, LiDAR
199,916 m³
Parcel 42025A0747/00K000, Flanders · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Damstraat 4, 9230 Wetteren
since 20222.327.700.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025A0747/00K000 | Flanders | 6.0 ha | 1 · 2.7 ha | 16.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500J4NHABMIPFLX34
Similar companies · same sector, comparable size
ATENOR
BE 0403.209.303
La Hulpe · Eq €366.37M
Destilink
BE 0741.579.846
Zaventem · Eq €366.07M
SAKOLAKI
BE 0448.192.656
Knokke-Heist · Eq €371.07M
"LDz Compagnie franco-belge de distribution" en abrégé "LDz" en français et "LDz frans-belgische detailhandel maatschappij" en abrégé "LDz" en néerlandais
BE 0401.641.663
Seneffe · Eq €372.15M
ALCOPA
BE 0421.837.162
Kontich · Eq €372.91M
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 791 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.