Result
€97,014 €97,014
Back in profit in 2025, after a loss of €419,035 in 2024.
SQM
Lifetime
14 annual accounts with figures on one time axisGross marginpeak €319,761 (2022)
€170,689▲ 246%
Resultlowest -€419,035 (2024)
€97,014▲ €516,050
Equitypeak €1.0m (2023)
€714,051▲ 15.7%
Debts
€217,720▼ 53.6%
Staffpeak 1.9 FTE (2025)
1.9 FTE
Board1 name since 2021
1 directorDe Coninck Joeri
Owners2 names in the annual accounts
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Gross margin from €49,308 to €170,689Back to profit: €97,014Equity from €617,037 to €714,051Debts from €469,302 to €217,720
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The accounts state no turnover.
Investments
€19,083 3.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 1450.0% higher than in 2024.
Liquidity
4.52 was 2.43 in 2024
Short-term debts fell from €345,278 to €202,110.
Filings
14 annual accounts since 2012
Two of the last ten came late. The 2016 accounts came latest: 60 days after the end of the period.
At the same address
20 companies
Checked score
87
Excellent
Financially stronger than 48% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,551 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.9 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 4.52, cash €13,406
lowers risk
Figures for financial year 2025 (filed on 26-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 24% on liquidity, 18% on profitability and 63% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as SQM has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of SQM itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SQM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.52 (2.43 in 2024), above the usual 1.5. Short-term debt is 21.7% and cash 1.4% of total assets. 23.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
1 day early
2023
on the day
2022
42 days early
2021
26 days early
2020
30 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered-office move
Director in office: JoeriDeConinck (manager) · General meeting of 26-11-2024 · Gazette deed
Change of role: DE CONINCK Joeri, from manager to director
“De controle,nazicht,herwerkingen,sequentiële aanlevering,voormontage van de voor onder andere de…” (deed in Dutch) · Gazette deed
Incorporation
published on 14-05-2008 · Gazette deed
First establishment
Sasstraat 1, Hasselt
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SQM Hasselt | €931,772 | €170,689 | 76.6% | 1.9 |
| Workitects Leuven | €803,520 | €169,261 | 71.6% | 2 |
| AHTES Charleroi | €821,532 | €152,389 | 61.9% | 1.9 |
| QUEST FOR PEOPLE Kapellen | €927,416 | €219,729 | 19.1% | 2 |
| GENERAL BUILDING & ROOF PROTECTION Houthalen-Helchteren | €919,417 | €155,157 | 72.4% | 2.4 |
| GROVEN SERVICES Sint-Truiden | €678,941 | €171,929 | 59.5% | 1.8 |
| CASA DEL POLLO Halen | €956,725 | €184,378 | 31.1% | 1 |
These companies have the same main activity as SQM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €679,000 and €957,000, founded between 2003 and 2010.
Official details
Source: KBO- Status
- Active since 05-05-2008Normal situation
- Registered office
- 22 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.177.840.2383500 Hasselt, since 05-05-2008
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €931,772▼ 14.2%
- Employeeson 31-12-2025
- 2
- Filing
- Filed on 26-08-2026
Insights on SQM
SQM files the abbreviated format. That format states no turnover. The gross margin rose from €26,316 in 2012 to €170,689 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SQM
- What is the company number of SQM?
- The company number of SQM is 0897.691.151. The VAT number is the same number with BE in front: BE 0897.691.151.
- Where is SQM based?
- The registered office is at Sasstraat 1, 3500 Hasselt.Company details
- What does SQM do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SQM?
- SQM is a private limited company (BV).
- When was SQM founded?
- SQM was founded on 05-05-2008.
- Is SQM still active?
- Yes, SQM is an active enterprise in the KBO register.
- How many employees does SQM have?
- SQM had an average of 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SQM?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €170,689 and 94 comparable companies (NACE 70200). It probably lies between €220,000 and €350,000.
- Is SQM profitable?
- In financial year 2025, SQM made a profit of €97,014.
- Where can I find the annual accounts of SQM?
- SQM filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SQM due?
- SQM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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