SQM
ActiveSummary
SQM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €714,051 and a net result of €97,014. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+31
Solvency100▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 4.52 against 2.43 in 2024; short-term debt: 21.7% and cash: 1.4% of total assets), and 23.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
76.6%
Return on assets
10.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
1 d early
2023
on the day
2022
42 d early
2021
26 d early
2020
30 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€714,051▲ 15.7%
2024 · €617,037
Total assets
€931,772▼ 14.2%
2024 · €1.1m
Net result
€97,014
2024 · -€419,035
Working capital
€711,744▲ 44.0%
2024 · €494,427
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€156,210▲ 169%€268,218▲ 71.7%€203,061▼ 24.3%€24,387▼ 88.0%€414▼ 98.3%
Net result€118,095within the sector's middle half€350,408above the sector's middle half▲ 197%€312,696above the sector's middle half▼ 10.8%-€419,035below the sector's middle half€97,014within the sector's middle half
Equity€372,969within the sector's middle half▲ 46.3%€723,377within the sector's middle half▲ 94.0%€1.0mwithin the sector's middle half▲ 43.2%€617,037within the sector's middle half▼ 40.4%€714,051within the sector's middle half▲ 15.7%
Total assets€1.7mwithin the sector's middle half▲ 8.4%€1.8mwithin the sector's middle half▲ 6.2%€2.1mwithin the sector's middle half▲ 16.9%€1.1mwithin the sector's middle half▼ 47.3%€931,772within the sector's middle half▼ 14.2%
Debt€1.3m▲ 0.9%€1.0m▼ 19.2%€1.0m▼ 1.4%€469,302▼ 54.3%€217,720▼ 53.6%
Working capital-€211,979below the sector's middle half▲ 8.4%-€5,598within the sector's middle half▲ 97.4%€201,541within the sector's middle half€494,427above the sector's middle half▲ 145%€711,744above the sector's middle half▲ 44.0%
Solvency22.5%below the sector's middle half▲ 5.8pp41.0%within the sector's middle half▲ 18.6pp50.2%within the sector's middle half▲ 9.2pp56.8%within the sector's middle half▲ 6.6pp76.6%within the sector's middle half▲ 19.8pp
Current ratio0.69within the sector's middle half▲ 0.100.99within the sector's middle half▲ 0.301.33within the sector's middle half▲ 0.342.43within the sector's middle half▲ 1.104.52above the sector's middle half▲ 2.09
Return on assets (ROA)7.1%within the sector's middle half▲ 8.2pp19.9%above the sector's middle half▲ 12.8pp15.2%above the sector's middle half▼ 4.7pp-38.6%below the sector's middle half▼ 53.7pp10.4%within the sector's middle half▲ 49.0pp
Staff (FTE)1.9within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 has fallen three years in a row; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €931,772
Fixed assets
€17,918 ▼ 92.7%
Current assets
€913,853 ▲ 8.8%
Equity and liabilities €931,772
Equity
€714,051 ▲ 15.7%
Debt
€217,720 ▼ 53.6%
Debt's share of the balance-sheet total falls from 43.2% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,763▼
2024 · €34,255
Cash flow
€102,364▲
2024 · -€409,167
Quick ratio
3.93▲
2024 · 2.14
Debt to equity
0.30▼
2024 · 0.76
ROE
13.6%▲
2024 · -67.9%
Interest coverage
0.57▼
2024 · 0.72
Debt ≤ 1 year
€202,110▼
2024 · €345,278
Debt > 1 year
€14,135▼
2024 · €123,556
Income taxes
€9,907▲
2024 · €161
Staff costs
€119,825
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €20,762 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €119,825 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,044 | €35,784 | €38,545 | €9,869 | €5,349 | ▼ 45.8% |
| Other operating charges640/8 | €5,686 | €14,996 | €6,133 | €15,052 | €3,131 | ▼ 79.2% |
| Non-recurring operating charges66A | - | €763 | - | - | €41,970 | - |
| Gross operating margin9900 | €194,941 | €319,761 | €247,739 | €49,308 | €170,689 | ▲ 246% |
| Operating profit (loss)9901 | €156,210 | €268,218 | €203,061 | €24,387 | €414 | ▼ 98.3% |
| Financial income75/76B | €21,941 | €178,106 | €219,672 | €19,348 | €179,032 | ▲ 825% |
| Recurring financial income75 | €8,951 | €178,106 | €219,672 | €19,348 | €11 | ▼ 99.9% |
| Non-recurring financial income76B | €12,990 | - | - | - | €179,022 | - |
| Financial charges65/66B | €17,720 | €26,882 | €27,556 | €462,610 | €72,524 | ▼ 84.3% |
| Recurring financial charges65 | €17,720 | €26,882 | €27,556 | €47,610 | €10,024 | ▼ 78.9% |
| Non-recurring financial charges66B | - | - | - | €415,000 | €62,500 | ▼ 84.9% |
| Profit (loss) for the period before taxes9903 | €160,431 | €419,442 | €395,177 | -€418,875 | €106,922 | ▲ 126% |
| Income taxes67/77 | €42,336 | €69,034 | €82,481 | €161 | €9,907 | ▲ 6,062% |
| Profit (loss) for the period9904 | €118,095 | €350,408 | €312,696 | -€419,035 | €97,014 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €118,095 | €350,408 | €312,696 | -€419,035 | €97,014 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €2.1m | €1.1m | €931,772 | ▼ 14.2% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €246,634 | €17,918 | ▼ 92.7% |
| Tangible fixed assets22/27 | €545,465 | €591,543 | €611,602 | €28,706 | €9,991 | ▼ 65.2% |
| Land and buildings22 | €516,738 | €563,950 | €595,539 | - | - | - |
| Plant, machinery and equipment23 | €1,870 | €1,217 | €565 | €63 | €982 | ▲ 1,450% |
| Furniture and vehicles24 | €17,920 | €18,927 | €9,541 | €13,629 | €9,008 | ▼ 33.9% |
| Leasing and similar rights25 | €8,937 | €7,448 | €5,958 | €15,014 | - | - |
| Financial fixed assets28 | €632,500 | €632,500 | €632,500 | €217,928 | €7,928 | ▼ 96.4% |
| Current assets29/58 | €482,384 | €539,535 | €817,785 | €839,706 | €913,853 | ▲ 8.8% |
| Amounts receivable after more than one year29 | €265,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Other amounts receivable291 | €265,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Stocks and contracts in progress3 | - | €16,945 | €111,433 | €101,271 | €119,231 | ▲ 17.7% |
| Stocks30/36 | - | €16,945 | €111,433 | €101,271 | €119,231 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €217,384 | €8,876 | €186,904 | €226,806 | €278,647 | ▲ 22.9% |
| Trade receivables40 | €56,680 | €3,974 | €4,719 | €80,443 | €82,432 | ▲ 2.5% |
| Other amounts receivable41 | €160,704 | €4,902 | €182,184 | €146,364 | €196,215 | ▲ 34.1% |
| Cash at bank and in hand54/58 | - | €11,792 | €16,920 | €11,629 | €13,406 | ▲ 15.3% |
| Deferred charges and accrued income490/1 | - | €1,921 | €2,528 | - | €2,569 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €2.1m | €1.1m | €931,772 | ▼ 14.2% |
| Equity10/15 | €372,969 | €723,377 | €1.0m | €617,037 | €714,051 | ▲ 15.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €354,369 | €704,777 | €1.0m | €1.0m | €695,451 | ▼ 31.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €352,509 | €702,917 | €1.0m | €1.0m | €695,451 | ▼ 31.6% |
| Profit (loss) carried forward14 | - | - | - | -€419,035 | - | - |
| Amounts payable17/49 | €1.3m | €1.0m | €1.0m | €469,302 | €217,720 | ▼ 53.6% |
| Amounts payable after more than one year17 | €593,017 | €494,847 | €401,231 | €123,556 | €14,135 | ▼ 88.6% |
| Financial debts170/4 | €593,017 | €494,847 | €401,231 | €123,556 | €14,135 | ▼ 88.6% |
| Amounts payable within one year42/48 | €694,362 | €545,133 | €616,244 | €345,278 | €202,110 | ▼ 41.5% |
| Current portion of amounts payable after more than one year42 | €93,517 | €98,170 | €101,744 | €17,405 | €10,607 | ▼ 39.1% |
| Financial debts43 | €379,972 | €323,470 | €304,625 | - | - | - |
| Credit institutions430/8 | €379,972 | €323,470 | €304,625 | - | - | - |
| Trade debts44 | €13,778 | €19,973 | €43,334 | €105,336 | €128,791 | ▲ 22.3% |
| Suppliers440/4 | €13,778 | €19,973 | €43,334 | €105,336 | €128,791 | ▲ 22.3% |
| Advances received on contracts in progress46 | €25,593 | €25,593 | €76,004 | - | - | - |
| Taxes, remuneration and social security45 | €64,513 | €57,927 | €61,516 | €43,516 | €62,711 | ▲ 44.1% |
| Taxes450/3 | €64,513 | €57,927 | €61,516 | €41,756 | €39,298 | ▼ 5.9% |
| Remuneration and social security454/9 | - | - | - | €1,760 | €23,413 | ▲ 1,230% |
| Other amounts payable47/48 | €116,989 | €20,000 | €29,022 | €179,022 | - | - |
| Accrued charges and deferred income492/3 | - | €221 | €8,339 | €468 | €1,476 | ▲ 215% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,095 | €350,408 | €312,696 | -€419,035 | €97,014 | ▲ 123% |
| + Depreciation and write-downs630 | €33,044 | €35,784 | €38,545 | €9,869 | €5,349 | ▼ 45.8% |
| Operating cash flow (approximation) | €151,139 | €386,191 | €351,241 | -€409,167 | €102,364 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€81,862 | -€58,605 | €987,600 | €223,366 | ▼ 77.4% |
| Change in cash | - | - | €5,128 | -€5,291 | €1,777 | ▲ 134% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €97,014
Net result €97,014 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€419,035
Net result drops to -€419,035, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲43.2%
3 profitable years in a row build equity to €1.0m.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €350,408 ▲197%
Operating result €268,218, net result €350,408, both a record.
31-12
Financial
Equity above €500,000Eq €723,377 ▲94%
2 profitable years in a row build equity to €723,377.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €118,095
Net result €118,095 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €271,585 ▲50.3%
2 profitable years in a row build equity to €271,585.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 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, Hasselt · 1 establishment unit since 2008
Ground area
1.6 ha
Building footprint
8,512 m²
Volume, LiDAR
62,140 m³
Parcel 71323C0341/00N000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
SQM
since 20082.177.840.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0341/00N000 | Flanders | 1.6 ha | 1 · 8,512 m² | 12.4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
49.99%
According to the 2024 annual accounts of SQM 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.177.840.238
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 31,399 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
Founded05-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71209Other technical testing and analysis
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897691151
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.