Rode Quartet

Active

Private limited companyfounded 201015 yrs activeGistelsteenweg 77, 8490 Jabbeke, BelgiumKBO/BCE: BE 0832.477.655

The computed 12-month bankruptcy probability of Rode Quartet is 2.0% (moderate). The 2024 annual accounts show equity of €411k and a net result of €35k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 2924 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

74 / 100

Healthy▼ -2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability43▼-57

Solvency74▲+5

Growth78=

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity tight (current ratio 1.22 against 0.79 in 2023), and 54% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

133 d late

2023

70 d late

2022

95 d late

2021

78 d late

2020

27 d late

2019

1 d late

← before the deadline after the 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

Financials · fiscal year 2024, abbreviated schema

Equity

€411k▲ 7.3%

2023 · €383k

2018: €286k 2019: €312k 2020: €206k 2021: €195k 2022: €269k 2023: €383k

2018 → 2024

Total assets

€893k▲ 18.5%

2023 · €754k

2018: €1.09M 2019: €952k 2020: €842k 2021: €760k 2022: €781k 2023: €754k

2018 → 2024

Net result

€35k▼ 69.1%

2023 · €115k

2018: €-4k 2019: €26k 2020: €-109k 2021: €-11k 2022: €73k 2023: €115k

2018 → 2024

Working capital

€58k

2023 · €-48k

2018: €-414k 2019: €-330k 2020: €-347k 2021: €-302k 2022: €-252k 2023: €-48k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€206k-€195k▼ 5.3%€269k▲ 37.4%€383k▲ 42.6%€411k▲ 7.3%

Operating result€-95k-€8k€88k▲ 956%€130k▲ 47.8%€58k▼ 55.6%

Net result€-109k-€-11k▲ 89.9%€73k€115k▲ 56.6%€35k▼ 69.1%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 56% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €893k

64.0%

36.0%

Fixed assets €572k▲ 0.2%

Current assets €321k▲ 75.5%

Equity and liabilities €893k

46.0%

54.0%

Equity €411k▲ 7.3%

Debt €482k▲ 30.0%

The debt ratio rises from 49.2% to 54.0%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€181k▼

2023 · €240k

Cash flow

€159k▼

2023 · €224k

Solvency

46.0%▼

2023 · 50.8%

Current ratio

1.22▲

2023 · 0.79

Quick ratio

1.22▲

2023 · 0.71

Debt / equity

1.17▲

2023 · 0.97

ROE

8.6%▼

2023 · 29.9%

ROA

4.0%▼

2023 · 15.2%

Interest coverage

8.70▼

2023 · 15.32

Debt

€482k▲

2023 · €371k

Debt ≤ 1 year

€263k▲

2023 · €231k

Debt > 1 year

€212k▲

2023 · €138k

Income taxes

€2k

Staff costs

€205k▲

2023 · €145k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€754k€893k▲

Fixed assets21/28€571k€572k▲

Tangible fixed assets22/27€544k€545k▲

Land and buildings22€174k€171k▼

Plant, machinery and equipment23€158k€114k▼

Furniture and vehicles24€13k€74k▲

Leasing and similar rights25-€37k

Other tangible fixed assets26€199k€150k▼

Financial fixed assets28€26k€26k=

Current assets29/58€183k€321k▲

Amounts receivable after more than one year29-€240k

Other amounts receivable291-€240k

Stocks and contracts in progress3€20k-

Stocks30/36€20k-

Amounts receivable within one year40/41€129k€39k▼

Trade receivables40€12k€11k▼

Other amounts receivable41€117k€28k▼

Cash at bank and in hand54/58€17k€17k▲

Deferred charges and accrued income490/1€17k€25k▲

Equity and liabilities

Total equity and liabilities10/49€754k€893k▲

Equity10/15€383k€411k▲

Contributions10/11€219k€219k=

Reserves13€59k€59k=

Tax-exempt reserves132€17k€17k=

Distributable reserves133€42k€42k=

Profit (loss) carried forward14€106k€134k▲

Amounts payable17/49€371k€482k▲

Amounts payable after more than one year17€138k€212k▲

Financial debts170/4€138k€212k▲

Amounts payable within one year42/48€231k€263k▲

Current portion of amounts payable after more than one year42€741€44k▲

Financial debts43€50k€50k=

Credit institutions430/8€50k€50k=

Trade debts44€104k€77k▼

Suppliers440/4€104k€77k▼

Advances received on contracts in progress46-€1k

Taxes, remuneration and social security45€56k€65k▲

Taxes450/3€28k€36k▲

Remuneration and social security454/9€28k€29k▲

Other amounts payable47/48€21k€26k▲

Accrued charges and deferred income492/3€2k€7k▲

Income statement Code20232024

Non-recurring operating income76A-€117

Remuneration, social security and pensions62€145k€205k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€124k▲

Other operating charges640/8€1k€889▼

Gross operating margin9900€386k€387k▲

Operating profit (loss)9901€130k€58k▼

Financial income75/76B€5€66▲

Recurring financial income75€5€66▲

Financial charges65/66B€16k€21k▲

Recurring financial charges65€16k€21k▲

Profit (loss) for the period before taxes9903€115k€37k▼

Income taxes67/77-€2k

Profit (loss) for the period9904€115k€35k▼

Profit (loss) for the period to be appropriated9905€115k€35k▼

Appropriation of the result

Profit (loss) to be appropriated9906€106k€141k▲

Profit (loss) brought forward from the previous period14P€-9k€106k▲

Profit to be distributed694/7-€8k

Directors or managers695-€8k

Social balance

Average headcount (FTE)90874.55.2▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

11-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 133 days late

2024

09-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 70 days late

2023

31-12

Financial Highest result since 2018net €115k ▲56.6%

Operating result €130k, net result €115k, both a record.

03-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 95 days late

2022

31-12

Financial Back to profitnet €73k

Net result €73k after 2 loss-making years.

31-12

Financial Equity above €200kEq €269k ▲37.4%

Equity rises from €195k to €269k.

17-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 78 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

31-12

Financial Weakest financial yearnet €-109k ▼513%

Net result drops to €-109k, the lowest in the series; recovery starts the following year.

01-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 1 day late

2019

31-12

Financial Back to profitnet €26k

Net result €26k after one loss-making year.

27-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

20-11

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 112 days late

2016

27-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 88 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

13 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, Jabbeke · 2 establishment units since 2011

establishment All 2 establishment units on the map

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.

Gistelsteenweg 778490 Jabbeke

Ground area

8,579 m²

Building footprint

1,881 m²

Volume, LiDAR

4,830 m³