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RQSR

Active
Private limited companyfounded 20224 yrs activeHerrmann-Debrouxlaan 54, 1160 Oudergem, BelgiumKBO/BCE: BE 0785.365.943
Summary

The computed 12-month bankruptcy probability of RQSR is 4.7% (elevated). The 2025 annual accounts show negative equity (€-87k) and a net result of €-9k. Equity is shrinking by ~74.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 11389 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability58▲+58
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.31 in 2024; short-term debt: 175.5% and cash: 2.1% of total assets), and equity is negative.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-83.8%
Return on assets
-8.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year €-87k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
56 d early
2024
215 d late
2023
69 d late
2022
196 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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 2025, micro schema

Equity
€-87k▼ 11.8%
2024 · €-78k
2022: €72 2023: €13k▲ +18339% vs 2022highest in 4 years 2024: €-78k▼ -691% vs 2023 2025: €-87k▼ -11.8% vs 2024lowest in 4 years
2022 → 2025
Total assets
€104k▲ 24.2%
2024 · €84k
2022: €89k 2023: €151k▲ +70.3% vs 2022highest in 4 years 2024: €84k▼ -44.7% vs 2023lowest in 4 years 2025: €104k▲ +24.2% vs 2024
2022 → 2025
Net result
€-9k▲ 89.9%
2024 · €-91k
2022: €-2khighest in 4 years 2023: €-7k▼ -183% vs 2022 2024: €-91k▼ -1224% vs 2023lowest in 4 years 2025: €-9k▲ +89.9% vs 2024
2022 → 2025
Working capital
€-104k▼ 2.1%
2024 · €-101k
2022: €-41k 2023: €-22k▲ +46.1% vs 2022highest in 4 years 2024: €-101k▼ -356% vs 2023 2025: €-104k▼ -2.1% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2022202320242025Trend
Equity€72-€13k▲ 18,339%€-78k€-87k▼ 11.8% 2022: €72 2023: €13k▲ +18339% vs 2022highest in 4 years 2024: €-78k▼ -691% vs 2023 2025: €-87k▼ -11.8% vs 2024lowest in 4 years
Operating result€-2k-€-5k▼ 127%€-89k▼ 1,728%€-9k▲ 90.1% 2022: €-2khighest in 4 years 2023: €-5k▼ -127% vs 2022 2024: €-89k▼ -1728% vs 2023lowest in 4 years 2025: €-9k▲ +90.1% vs 2024
Net result€-2k-€-7k▼ 183%€-91k▼ 1,224%€-9k▲ 89.9% 2022: €-2khighest in 4 years 2023: €-7k▼ -183% vs 2022 2024: €-91k▼ -1224% vs 2023lowest in 4 years 2025: €-9k▲ +89.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-100k€-75k€-50k€-25k€0Operating result 2022: €-2k€-2kNet result 2022: €-2k€-2kOperating result 2023: €-5k€-5kNet result 2023: €-7k€-7kOperating result 2024: €-89k€-89kNet result 2024: €-91k€-91kOperating result 2025: €-9k€-9kNet result 2025: €-9k€-9k2022202320242025€-100k€-75k€-50k€-25k€0Operating result 2023: €-5k€-4.9kNet result 2023: €-7k€-6.9kOperating result 2024: €-89k€-89kNet result 2024: €-91k€-91kOperating result 2025: €-9k€-8.8kNet result 2025: €-9k€-9.2k202320242025
The operating result stays negative: a loss of €9k in 2025 against €89k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets €25k ▼ 33.3%
Current assets €79k ▲ 71.2%
Key figures and ratios
2025 value · change against 2024
EBITDA
€4k▲
2024 · €-76k
Cash flow
€3k▲
2024 · €-79k
Solvency
-83.8%▲
2024 · -93.1%
Current ratio
0.43▲
2024 · 0.31
Quick ratio
0.35▲
2024 · 0.17
Debt to equity
-2.19▼
2024 · -2.07
ROA
-8.9%▲
2024 · -108.9%
Interest coverage
8.91▲
2024 · -34.97
Debt
€191k▲
2024 · €162k
Debt ≤ 1 year
€182k▲
2024 · €147k
Debt > 1 year
€9k▼
2024 · €14k
Staff costs
€5k▼
2024 · €11k
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 · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€84k€104k▲
Fixed assets21/28€38k€25k▼
Tangible fixed assets22/27€38k€25k▼
Plant, machinery and equipment23€684€456▼
Furniture and vehicles24€10k€6k▼
Leasing and similar rights25€27k€18k▼
Financial fixed assets28€75€75=
Current assets29/58€46k€79k▲
Stocks and contracts in progress3€21k€15k▼
Stocks30/36€21k€15k▼
Amounts receivable within one year40/41€23k€62k▲
Trade receivables40€19k€33k▲
Other amounts receivable41€4k€29k▲
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€104k▲
Equity10/15€-78k€-87k▼
Contributions10/11€23k€23k=
Capital10-€23k
Issued capital100-€23k
Outside capital11€23k-
Other1109/19€23k-
Profit (loss) carried forward14€-100k€-110k▼
Amounts payable17/49€162k€191k▲
Amounts payable after more than one year17€14k€9k▼
Financial debts170/4€14k€9k▼
Amounts payable within one year42/48€147k€182k▲
Current portion of amounts payable after more than one year42€7k€6k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€43k€38k▼
Suppliers440/4€43k€38k▼
Taxes, remuneration and social security45€52k€98k▲
Taxes450/3-€72k
Remuneration and social security454/9€52k€26k▼
Other amounts payable47/48€42k€41k▼
Income statement Code20242025
Remuneration, social security and pensions62€11k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€4k€21k▲
Non-recurring operating charges66A€20k€825▼
Gross operating margin9900€-42k€31k▲
Operating profit (loss)9901€-89k€-9k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€2k€418▼
Recurring financial charges65€2k€418▼
Profit (loss) for the period before taxes9903€-91k€-9k▲
Profit (loss) for the period9904€-91k€-9k▲
Profit (loss) for the period to be appropriated9905€-91k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-100k€-110k▼
Profit (loss) brought forward from the previous period14P€-9k€-100k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line2022202320242025Change
Remuneration, social security and pensions62-€28k€11k€5k▼ 50.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€13k€13k€13k=
Other operating charges640/8€2k€1k€4k€21k▲ 400%
Non-recurring operating charges66A-€575€20k€825▼ 95.8%
Gross operating margin9900€-279€37k€-42k€31k▲ 174%
Operating profit (loss)9901€-2k€-5k€-89k€-9k▲ 90.1%
Financial income75/76B---€1-
Recurring financial income75---€1-
Financial charges65/66B€288€2k€2k€418▼ 80.9%
Recurring financial charges65€288€2k€2k€418▼ 80.9%
Profit (loss) for the period before taxes9903€-2k€-7k€-91k€-9k▲ 89.9%
Profit (loss) for the period9904€-2k€-7k€-91k€-9k▲ 89.9%
Profit (loss) for the period to be appropriated9905€-2k€-7k€-91k€-9k▲ 89.9%
Line2022202320242025Change
Assets
Total assets20/58€89k€151k€84k€104k▲ 24.2%
Fixed assets21/28€71k€58k€38k€25k▼ 33.3%
Tangible fixed assets22/27€63k€50k€38k€25k▼ 33.3%
Plant, machinery and equipment23€1k€912€684€456▼ 33.3%
Furniture and vehicles24€16k€13k€10k€6k▼ 33.3%
Leasing and similar rights25€45k€36k€27k€18k▼ 33.3%
Financial fixed assets28€8k€8k€75€75=
Current assets29/58€18k€93k€46k€79k▲ 71.2%
Stocks and contracts in progress3-€54k€21k€15k▼ 30.1%
Stocks30/36-€54k€21k€15k▼ 30.1%
Amounts receivable within one year40/41€17k€35k€23k€62k▲ 172%
Trade receivables40€17k€32k€19k€33k▲ 72.7%
Other amounts receivable41-€2k€4k€29k▲ 673%
Cash at bank and in hand54/58€832€4k€2k€2k▲ 6.8%
Equity and liabilities
Total equity and liabilities10/49€89k€151k€84k€104k▲ 24.2%
Equity10/15€72€13k€-78k€-87k▼ 11.8%
Contributions10/11€3k€23k€23k€23k=
Capital10---€23k-
Issued capital100---€23k-
Outside capital11€3k€23k€23k--
Share premium1100/10€3k€23k---
Other1109/19--€23k--
Profit (loss) carried forward14€-2k€-9k€-100k€-110k▼ 9.2%
Amounts payable17/49€89k€138k€162k€191k▲ 18.2%
Amounts payable after more than one year17€29k€23k€14k€9k▼ 38.4%
Financial debts170/4€29k€23k€14k€9k▼ 38.4%
Amounts payable within one year42/48€59k€115k€147k€182k▲ 23.6%
Current portion of amounts payable after more than one year42€6k€7k€7k€6k▼ 14.7%
Financial debts43-€4k€3k--
Credit institutions430/8-€4k€3k--
Trade debts44€18k€43k€43k€38k▼ 12.6%
Suppliers440/4€18k€43k€43k€38k▼ 12.6%
Taxes, remuneration and social security45€1k€6k€52k€98k▲ 88.4%
Taxes450/3€1k--€72k-
Remuneration and social security454/9-€6k€52k€26k▼ 50.3%
Other amounts payable47/48€34k€56k€42k€41k▼ 4.0%
Line2022202320242025Change
Profit (loss) for the period9904€-2k€-7k€-91k€-9k▲ 89.9%
+ Depreciation and write-downs630-€13k€13k€13k=
Operating cash flow (approximation)€-2k€6k€-79k€3k▲ 104%
Investment in fixed assets (approximation)-€0€8k€0▼ 100%
Change in cash-€4k€-2k€139▲ 106%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
03-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 215 days late
2024
31-12
Financial Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
08-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
12-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 196 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Oudergem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
3,929 m²
Building footprint
1,150 m²
Volume, LiDAR
28,081 m³
Parcel 21332B0081/00H002, Brussels · tallest building 30.4 m, ±9 floors. Linked by address, not a title deed.
170 companies at this address See who is registered here
1 establishment unit
SOLY
Herrmann-Debrouxlaan 54, 1160 OudergemPrinting and reproduction of recorded media
since 20222.333.528.703
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21332B0081/00H002 Brussels 3,929 m² 1 · 1,150 m² 30.4 m · 9 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.

Similar companies · same sector, comparable size

Of 472 companies in sector 46442 we hold annual accounts for 334. 115 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
Founded25-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
18200Printing and reproduction of recorded media
46499Wholesale of other household goods
59201Sound recording
59203Motion picture, video and television programme production, sound recording and music publishing activities
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
90201Performing arts by independent artists

Scores and ratios are computed by Checked and are not a credit decision.