SCQA
ActiveSummary
SCQA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+41
Solvency100▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 5.98 against 2.29 in 2024; short-term debt: 16.3% and cash: 33.3% of total assets), and 16.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
35.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €23k
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 14-04-2026, 108 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
108 d early
2024
94 d early
2023
34 d early
2022
47 d early
2021
31 d late
2020
60 d late
2019
91 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 74.9%
2024 · €13k
2018: €4k
2019: €-3k▼ -177% vs 2018
2020: €-9k▼ -208% vs 2019
2021: €-11k▼ -20.2% vs 2020lowest in 8 years
2022: €5k▲ +148% vs 2021
2023: €11k▲ +117% vs 2022
2024: €13k▲ +18.0% vs 2023
2025: €23k▲ +74.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€28k▲ 21.6%
2024 · €23k
2018: €9k
2019: €9k▲ +1.7% vs 2018
2020: €9k▼ -1.7% vs 2019lowest in 8 years
2021: €11k▲ +14.1% vs 2020
2022: €20k▲ +90.7% vs 2021
2023: €27k▲ +34.3% vs 2022
2024: €23k▼ -15.4% vs 2023
2025: €28k▲ +21.6% vs 2024highest in 8 years
2018 → 2025
Net result
€10k▲ 392%
2024 · €2k
2018: €-3k
2019: €-7k▼ -110% vs 2018lowest in 8 years
2020: €-6k▲ +9.3% vs 2019
2021: €-2k▲ +70.1% vs 2020
2022: €16k▲ +980% vs 2021highest in 8 years
2023: €6k▼ -62.3% vs 2022
2024: €2k▼ -66.6% vs 2023
2025: €10k▲ +392% vs 2024
2018 → 2025
Working capital
€23k▲ 82.3%
2024 · €12k
2018: €-2k
2019: €-6k▼ -204% vs 2018
2020: €-11k▼ -88.3% vs 2019
2021: €-11k▼ -3.7% vs 2020lowest in 8 years
2022: €5k▲ +146% vs 2021
2023: €10k▲ +100% vs 2022
2024: €12k▲ +18.6% vs 2023
2025: €23k▲ +82.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€5k€11k▲ 117%€13k▲ 18.0%€23k▲ 74.9%
2021: €-11klowest in 5 years
2022: €5k▲ +148% vs 2021
2023: €11k▲ +117% vs 2022
2024: €13k▲ +18.0% vs 2023
2025: €23k▲ +74.9% vs 2024highest in 5 years
Operating result€-1k-€20k€11k▼ 43.5%€6k▼ 45.8%€17k▲ 187%
2021: €-1klowest in 5 years
2022: €20k▲ +1431% vs 2021highest in 5 years
2023: €11k▼ -43.5% vs 2022
2024: €6k▼ -45.8% vs 2023
2025: €17k▲ +187% vs 2024
Net result€-2k-€16k€6k▼ 62.3%€2k▼ 66.6%€10k▲ 392%
2021: €-2klowest in 5 years
2022: €16k▲ +980% vs 2021highest in 5 years
2023: €6k▼ -62.3% vs 2022
2024: €2k▼ -66.6% vs 2023
2025: €10k▲ +392% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 187% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€711 ▼ 23.6%
Current assets
€27k ▲ 23.5%
Equity and liabilities €28k
Equity
€23k ▲ 74.9%
Debt
€5k ▼ 52.6%
Debt's share of the balance-sheet total falls from 41.8% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €6k
Cash flow
€10k▲
2024 · €2k
Current ratio
5.98▲
2024 · 2.29
Debt to equity
0.19▼
2024 · 0.72
ROE
42.8%▲
2024 · 15.2%
ROA
35.8%▲
2024 · 8.9%
Interest coverage
5.03▲
2024 · 2.52
Debt ≤ 1 year
€5k▼
2024 · €10k
Income taxes
€4k▲
2024 · €2k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€23k€28k▲
Fixed assets21/28€931€711▼
Tangible fixed assets22/27€931€711▼
Plant, machinery and equipment23€931€711▼
Current assets29/58€22k€27k▲
Amounts receivable within one year40/41€16k€17k▲
Trade receivables40€8k€9k▲
Other amounts receivable41€8k€8k▲
Cash at bank and in hand54/58€4k€9k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€23k€28k▲
Equity10/15€13k€23k▲
Contributions10/11€7k€7k=
Reserves13€6k€16k▲
Distributable reserves133€6k€16k▲
Amounts payable17/49€10k€5k▼
Amounts payable within one year42/48€10k€5k▼
Current portion of amounts payable after more than one year42-€850
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169€220▲
Other operating charges640/8€513€527▲
Gross operating margin9900€7k€18k▲
Operating profit (loss)9901€6k€17k▲
Financial income75/76B€449€404▼
Recurring financial income75€449€404▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€4k€14k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€10k▲
Transfer to equity691/2€2k€10k▲
To other reserves6921€2k€10k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €426 | - | €169 | €220 | ▲ 30.2% |
| Other operating charges640/8 | €410 | €410 | €510 | €513 | €527 | ▲ 2.8% |
| Gross operating margin9900 | €345 | €21k | €12k | €7k | €18k | ▲ 169% |
| Operating profit (loss)9901 | €-1k | €20k | €11k | €6k | €17k | ▲ 187% |
| Financial income75/76B | - | €72 | €355 | €449 | €404 | ▼ 10.0% |
| Recurring financial income75 | - | €72 | €355 | €449 | €404 | ▼ 10.0% |
| Financial charges65/66B | €68 | €84 | €963 | €2k | €4k | ▲ 41.7% |
| Recurring financial charges65 | €68 | €84 | €963 | €2k | €4k | ▲ 41.7% |
| Profit (loss) for the period before taxes9903 | €-2k | €20k | €11k | €4k | €14k | ▲ 254% |
| Income taxes67/77 | €266 | €4k | €5k | €2k | €4k | ▲ 117% |
| Profit (loss) for the period9904 | €-2k | €16k | €6k | €2k | €10k | ▲ 392% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €16k | €6k | €2k | €10k | ▲ 392% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11k | €20k | €27k | €23k | €28k | ▲ 21.6% |
| Formation expenses20 | €426 | - | - | - | - | - |
| Fixed assets21/28 | - | - | €1k | €931 | €711 | ▼ 23.6% |
| Tangible fixed assets22/27 | - | - | - | €931 | €711 | ▼ 23.6% |
| Plant, machinery and equipment23 | - | - | - | €931 | €711 | ▼ 23.6% |
| Financial fixed assets28 | - | - | €1k | - | - | - |
| Current assets29/58 | €10k | €20k | €26k | €22k | €27k | ▲ 23.5% |
| Amounts receivable within one year40/41 | €3k | €7k | €22k | €16k | €17k | ▲ 7.1% |
| Trade receivables40 | €3k | €472 | €15k | €8k | €9k | ▲ 10.2% |
| Other amounts receivable41 | - | €6k | €7k | €8k | €8k | ▲ 4.0% |
| Cash at bank and in hand54/58 | €6k | €7k | €1k | €4k | €9k | ▲ 118% |
| Deferred charges and accrued income490/1 | €1k | €6k | €2k | €2k | €1k | ▼ 48.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11k | €20k | €27k | €23k | €28k | ▲ 21.6% |
| Equity10/15 | €-11k | €5k | €11k | €13k | €23k | ▲ 74.9% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves13 | - | - | €4k | €6k | €16k | ▲ 158% |
| Distributable reserves133 | - | - | €4k | €6k | €16k | ▲ 158% |
| Profit (loss) carried forward14 | €-18k | €-2k | - | - | - | - |
| Amounts payable17/49 | €21k | €15k | €16k | €10k | €5k | ▼ 52.6% |
| Amounts payable within one year42/48 | €21k | €15k | €16k | €10k | €5k | ▼ 52.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €850 | - |
| Trade debts44 | €16k | €11k | €8k | €6k | €1k | ▼ 73.4% |
| Suppliers440/4 | €16k | €11k | €8k | €6k | €1k | ▼ 73.4% |
| Taxes, remuneration and social security45 | €1k | €4k | €7k | €4k | €2k | ▼ 45.2% |
| Taxes450/3 | €1k | €4k | €7k | €4k | €2k | ▼ 45.2% |
| Other amounts payable47/48 | €4k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €208 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €16k | €6k | €2k | €10k | ▲ 392% |
| + Depreciation and write-downs630 | €1k | €426 | - | €169 | €220 | ▲ 30.2% |
| Operating cash flow (approximation) | €-399 | €16k | €6k | €2k | €10k | ▲ 364% |
| Investment in fixed assets (approximation) | - | - | - | €-43 | €0 | ▲ 100% |
| Change in cash | - | €1k | €-6k | €3k | €5k | ▲ 74.7% |
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
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 5.98
Current ratio from 2.29 to 5.98; short-term debt falls from €10k to €5k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.35
Current ratio from 0.47 to 1.35; short-term debt falls from €21k to €15k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 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.
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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, Hasselt · 1 establishment unit since 2017
Ground area
847 m²
Building footprint
236 m²
Parcel 71324E0325/00E005, Flanders. Linked by address, not a title deed.
1 establishment unit
SCQA
since 20172.264.605.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0325/00E005 | Flanders | 847 m² | 1 · 236 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,537 EUR awarded · 878 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 659 EUR | 0 EUR |
| 2022 | 1 | 878 EUR | 878 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,138 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
Founded28-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.