CQFD CONSULT
ActiveSummary
CQFD CONSULT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-101k) and a net result of €-144k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 9% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-5
Solvency16▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.31 in 2024; short-term debt: 44.9% and cash: 1.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-9.5%
Return on assets
-13.5%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-101k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-05-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
26 d early
2023
8 d early
2022
2 d late
2021
4 d early
2020
15 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€215k
EBIT margin
20.6%
Net result
€-144k▼ 77.0%
2024 · €-81k
2018: €20k
2019: €14k
2020: €46k
2021: €12k
2022: €-11k
2023: €16k
2024: €-81k
2018 → 2025
Working capital
€-452k▼ 389%
2024 · €-92k
2018: €-47k
2019: €-9k
2020: €10k
2021: €13k
2022: €42k
2023: €103k
2024: €-92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€108k▼ 9.2%€124k▲ 14.6%€43k▼ 65.6%€-101k
Operating result€26k-€-7k€22k€-75k€-94k▼ 25.3%
Net result€12k-€-11k€16k€-81k€-144k▼ 77.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €94k in 2025 against €75k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€1.04M ▲ 25.5%
Current assets
€28k ▼ 33.5%
Key figures and ratios
EBITDA
€-48k▼
2024 · €-28k
Cash flow
€-99k▼
2024 · €-35k
Solvency
-9.5%▼
2024 · 4.9%
Current ratio
0.06▼
2024 · 0.31
Debt to equity
-11.53▼
2024 · 19.35
ROA
-13.5%▼
2024 · -9.4%
Interest coverage
-0.97▲
2024 · -4.38
Debt
€1.17M▲
2024 · €828k
Debt ≤ 1 year
€480k▲
2024 · €135k
Debt > 1 year
€664k▼
2024 · €690k
Income taxes
€353▲
2024 · €215
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€871k€1.07M▲
Fixed assets21/28€829k€1.04M▲
Intangible fixed assets21-€1k
Tangible fixed assets22/27€829k€1.04M▲
Land and buildings22€812k€908k▲
Furniture and vehicles24€15k€21k▲
Assets under construction and advance payments27€2k€109k▲
Current assets29/58€42k€28k▼
Amounts receivable within one year40/41€29k€7k▼
Trade receivables40€24k€4k▼
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€8k€15k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€871k€1.07M▲
Equity10/15€43k€-101k▼
Contributions10/11€19k€19k=
Reserves13€85k€85k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€17k€17k=
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€-61k€-205k▼
Amounts payable17/49€828k€1.17M▲
Amounts payable after more than one year17€690k€664k▼
Financial debts170/4€690k€664k▼
Amounts payable within one year42/48€135k€480k▲
Current portion of amounts payable after more than one year42€10k€28k▲
Trade debts44€16k€10k▼
Suppliers440/4€16k€10k▼
Bills of exchange payable441€0-
Taxes, remuneration and social security45€645€585▼
Taxes450/3€645€585▼
Other amounts payable47/48€108k€442k▲
Accrued charges and deferred income492/3€4k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€46k▼
Other operating charges640/8€3k€6k▲
Gross operating margin9900€-26k€-42k▼
Operating profit (loss)9901€-75k€-94k▼
Financial income75/76B€206€1▼
Recurring financial income75€206€1▼
Financial charges65/66B€6k€50k▲
Recurring financial charges65€6k€50k▲
Profit (loss) for the period before taxes9903€-81k€-144k▼
Income taxes67/77€215€353▲
Profit (loss) for the period9904€-81k€-144k▼
Profit (loss) for the period to be appropriated9905€-81k€-144k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-205k▼
Profit (loss) brought forward from the previous period14P€20k€-61k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-09
Financial
Weakest financial yearnet €-144k
Net result drops to €-144k, the lowest in the series.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 4.05
Current ratio from 1.63 to 4.05; short-term debt falls from €67k to €34k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €46k ▲223%
Operating result €69k, net result €46k, both a record.
30-09
Financial
Equity above €100kEq €107k ▲74.4%
3 profitable years in a row build equity to €107k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lierneux · 1 establishment unit since 2007
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.
Les - Sarts 94990 LierneuxGround area
5,068 m²
Parcel 63045C1259/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CQFD CONSULT
since 20072.177.893.884
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63045C1259/00W000 | Wallonia | 5,068 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
IMMO - PRO
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Adorée
BE 0756.445.986
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Singularis Consulting & Coaching
BE 0682.843.871
Jodoigne · Eq €42,793
EU Agora
BE 1008.033.304
Ukkel · Eq €42,793
Michaël Aydin
BE 1013.844.592
Evere · Eq €42,797
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2007
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
93123Sports, amusement and recreation activities
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.