Summary
QVH is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €88,234 and a net result of €19,460. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 1501 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 30 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
2026
not confirmed
2025
30 d late
2024
11 d early
2023
42 d early
2022
29 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 2 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€88,234▲ 28.3%
2024 · €68,774
Net result
€19,460▲ 6,636%
2024 · €289
Total assets
€282,984▲ 20.6%
2024 · €234,604
Solvency
31.2%▲ 1.9pp
2024 · 29.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
Line2022202320242025
Operating result€24,047-€3,417▼ 85.8%€9,995▲ 193%€37,025▲ 270%
Net result€12,521within the sector's middle half--€2,735below the sector's middle half€289below the sector's middle half€19,460within the sector's middle half▲ 6,636%
Equity€71,220below the sector's middle half-€68,485below the sector's middle half▼ 3.8%€68,774below the sector's middle half▲ 0.4%€88,234within the sector's middle half▲ 28.3%
Total assets€103,700below the sector's middle half-€136,160below the sector's middle half▲ 31.3%€234,604below the sector's middle half▲ 72.3%€282,984below the sector's middle half▲ 20.6%
Debt€32,479-€67,675▲ 108%€165,830▲ 145%€194,750▲ 17.4%
Working capital€20,521within the sector's middle half-€25,823within the sector's middle half▲ 25.8%€86,195within the sector's middle half▲ 234%€150,913within the sector's middle half▲ 75.1%
Solvency68.7%above the sector's middle half-50.3%within the sector's middle half▼ 18.4pp29.3%within the sector's middle half▼ 21.0pp31.2%within the sector's middle half▲ 1.9pp
Current ratio1.63within the sector's middle half-1.38within the sector's middle half▼ 0.251.92within the sector's middle half▲ 0.533.39above the sector's middle half▲ 1.48
Return on assets (ROA)12.1%within the sector's middle half--2.0%below the sector's middle half▼ 14.1pp0.1%below the sector's middle half▲ 2.1pp6.9%within the sector's middle half▲ 6.8pp
Staff (FTE)5.4within the sector's middle half-6.3within the sector's middle half▲ 16.7%6within the sector's middle half▼ 4.8%5.4within the sector's middle half▼ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 270% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282,984
Fixed assets
€68,981 ▲ 27.0%
Current assets
€214,003 ▲ 18.7%
Equity and liabilities €282,984
Equity
€88,234 ▲ 28.3%
Debt
€194,750 ▲ 17.4%
Debt's share of the balance-sheet total falls from 70.7% to 68.8%. Equity and debt are higher.
Key figures and ratios
ROE
22.1%▲
2024 · 0.4%
Debt ≤ 1 year
€63,090▼
2024 · €94,106
Income taxes
€14,704▲
2024 · €9,092
Staff costs
€418,904▼
2024 · €426,362
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €449,265 | €434,012 | €426,362 | €418,904 | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,936 | €8,038 | €9,902 | €13,164 | ▲ 32.9% |
| Other operating charges640/8 | €315 | €228 | €5,043 | €5,309 | ▲ 5.3% |
| Gross operating margin9900 | €483,564 | €445,695 | €451,303 | €474,402 | ▲ 5.1% |
| Operating profit (loss)9901 | €24,047 | €3,417 | €9,995 | €37,025 | ▲ 270% |
| Financial income75/76B | €0 | €1 | €434 | €1,095 | ▲ 152% |
| Recurring financial income75 | €0 | €1 | €434 | €1,095 | ▲ 152% |
| Financial charges65/66B | €937 | €896 | €1,049 | €3,956 | ▲ 277% |
| Recurring financial charges65 | €937 | €896 | €1,049 | €3,956 | ▲ 277% |
| Profit (loss) for the period before taxes9903 | €23,110 | €2,522 | €9,381 | €34,164 | ▲ 264% |
| Income taxes67/77 | €10,589 | €5,257 | €9,092 | €14,704 | ▲ 61.7% |
| Profit (loss) for the period9904 | €12,521 | -€2,735 | €289 | €19,460 | ▲ 6,636% |
| Profit (loss) for the period to be appropriated9905 | €12,521 | -€2,735 | €289 | €19,460 | ▲ 6,636% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €103,700 | €136,160 | €234,604 | €282,984 | ▲ 20.6% |
| Fixed assets21/28 | €50,699 | €42,662 | €54,303 | €68,981 | ▲ 27.0% |
| Intangible fixed assets21 | €7,746 | €6,055 | €6,040 | €3,961 | ▼ 34.4% |
| Tangible fixed assets22/27 | €42,953 | €36,607 | €48,263 | €60,069 | ▲ 24.5% |
| Plant, machinery and equipment23 | €1,888 | €1,670 | €1,452 | €20,204 | ▲ 1,291% |
| Furniture and vehicles24 | €41,065 | €34,937 | €46,811 | €39,865 | ▼ 14.8% |
| Financial fixed assets28 | - | - | - | €4,950 | - |
| Current assets29/58 | €53,000 | €93,499 | €180,300 | €214,003 | ▲ 18.7% |
| Amounts receivable within one year40/41 | €7,437 | €63,794 | €39,769 | €15,404 | ▼ 61.3% |
| Trade receivables40 | €2,714 | €62,714 | €38,991 | €9,274 | ▼ 76.2% |
| Other amounts receivable41 | €4,722 | €1,079 | €778 | €6,130 | ▲ 688% |
| Cash at bank and in hand54/58 | €39,724 | €14,747 | €10,634 | €60,026 | ▲ 464% |
| Deferred charges and accrued income490/1 | €5,840 | €14,958 | €129,897 | €138,573 | ▲ 6.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €103,700 | €136,160 | €234,604 | €282,984 | ▲ 20.6% |
| Equity10/15 | €71,220 | €68,485 | €68,774 | €88,234 | ▲ 28.3% |
| Contributions10/11 | €49,845 | €49,845 | €49,845 | €49,845 | = |
| Reserves13 | €21,375 | €18,640 | €18,929 | €38,390 | ▲ 103% |
| Distributable reserves133 | €21,375 | €18,640 | €18,929 | €38,390 | ▲ 103% |
| Amounts payable17/49 | €32,479 | €67,675 | €165,830 | €194,750 | ▲ 17.4% |
| Amounts payable within one year42/48 | €32,479 | €67,675 | €94,106 | €63,090 | ▼ 33.0% |
| Trade debts44 | €327 | €14,399 | €41,645 | €7,333 | ▼ 82.4% |
| Suppliers440/4 | €327 | €14,399 | €41,645 | €7,333 | ▼ 82.4% |
| Taxes, remuneration and social security45 | €23,890 | €49,291 | €48,490 | €51,937 | ▲ 7.1% |
| Taxes450/3 | €11,570 | €5,257 | €11,499 | €11,068 | ▼ 3.7% |
| Remuneration and social security454/9 | €12,320 | €44,034 | €36,991 | €40,869 | ▲ 10.5% |
| Other amounts payable47/48 | €8,263 | €3,985 | €3,971 | €3,821 | ▼ 3.8% |
| Accrued charges and deferred income492/3 | €0 | - | €71,724 | €131,659 | ▲ 83.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,521 | -€2,735 | €289 | €19,460 | ▲ 6,636% |
| + Depreciation and write-downs630 | €9,936 | €8,038 | €9,902 | €13,164 | ▲ 32.9% |
| Operating cash flow (approximation) | €22,457 | €5,302 | €10,191 | €32,624 | ▲ 220% |
| Investment in fixed assets (approximation) | - | €0 | -€21,544 | -€27,841 | ▼ 29.2% |
| Change in cash | - | -€24,977 | -€4,113 | €49,392 | ▲ 1,301% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
31-01
Financial
Highest result since 2022net €19,460 ▲6,636%
Operating result €37,025, net result €19,460, both a record.
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-01
Financial
Back to profitnet €289
Net result €289 after one loss-making year.
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01
Financial
Weakest financial yearnet -€2,735
Net result drops to -€2,735, the lowest in the series; recovery starts the following year.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Kortrijk · 1 establishment unit since 2015
Ground area
5.3 ha
Building footprint
2,087 m²
Volume, LiDAR
12,304 m³
Parcel 34022E0660/00Y002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
QVH
since 20152.246.076.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0660/00Y002 ProtectedMonumentDakpannenfabriek De Pottelberg: stoommachines, stoomketelfronten, pannenpers en deel kleispoorlijnSource ↗ |
Flanders | 5.3 ha | 1 · 2,087 m² | 8.4 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-01-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
49%
According to the annual accounts to 31-01-2025 of QVH and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,866 EUR awarded · 2,866 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 285 EUR |
| 2024 | 1 | 285 EUR | 0 EUR |
| 2023 | 1 | 2,581 EUR | 2,581 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
98450087FLC63F9F8258
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Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,643 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
Founded09-09-2015
Fiscal year end31-01
Activities, NACEBEL 2025
66220Insurance agents and brokers
66191Agents and brokers in banking services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636926546
Also
9925:BE0636926546
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.