K.Q.M.
ActiveK.Q.M. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €5k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency70▼-15
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 3.17 in 2024; short-term debt: 35% and cash: 11.8% of total assets), but 54.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
45.4%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
25 d late
2023
28 d late
2022
2 d early
2021
29 d late
2020
23 d late
2019
31 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€87k▼ 44.1%
2024 · €155k
2018: €150k
2019: €173k
2020: €195k
2021: €185k
2022: €185k
2023: €148k
2024: €155k
2018 → 2025
Total assets
€191k▼ 25.7%
2024 · €257k
2018: €209k
2019: €367k
2020: €353k
2021: €334k
2022: €355k
2023: €289k
2024: €257k
2018 → 2025
Net result
€5k▼ 33.8%
2024 · €7k
2018: €4k
2019: €23k
2020: €41k
2021: €-11k
2022: €387
2023: €4k
2024: €7k
2018 → 2025
Working capital
€52k▼ 54.5%
2024 · €114k
2018: €62k
2019: €80k
2020: €122k
2021: €125k
2022: €129k
2023: €99k
2024: €114k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€185k▲ 0.2%€148k▼ 19.8%€155k▲ 4.6%€87k▼ 44.1%
Operating result€-6k-€-2k▲ 62.4%€6k€12k▲ 87.0%€8k▼ 32.7%
Net result€-11k-€387€4k▲ 895%€7k▲ 77.2%€5k▼ 33.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191k
Fixed assets
€72k▼ 20.4%
Current assets
€119k▼ 28.6%
Equity and liabilities €191k
Equity
€87k▼ 44.1%
Debt
€104k▲ 2.5%
The debt ratio rises from 39.6% to 54.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €31k
Cash flow
€24k▼
2024 · €26k
Solvency
45.4%▼
2024 · 60.4%
Current ratio
1.77▼
2024 · 3.17
Quick ratio
0.60▼
2024 · 1.66
Debt / equity
1.20▲
2024 · 0.66
ROE
5.2%▲
2024 · 4.4%
ROA
2.4%▼
2024 · 2.7%
Interest coverage
9.08▼
2024 · 9.73
Debt
€104k▲
2024 · €102k
Debt ≤ 1 year
€67k▲
2024 · €52k
Debt > 1 year
€37k▼
2024 · €49k
Income taxes
€2k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€257k€191k▼
Fixed assets21/28€91k€72k▼
Tangible fixed assets22/27€89k€70k▼
Land and buildings22€56k€52k▼
Plant, machinery and equipment23€33k€19k▼
Financial fixed assets28€2k€2k=
Current assets29/58€166k€119k▼
Stocks and contracts in progress3€79k€78k▼
Stocks30/36€79k€78k▼
Amounts receivable within one year40/41€63k€16k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€61k€15k▼
Cash at bank and in hand54/58€22k€23k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€257k€191k▼
Equity10/15€155k€87k▼
Contributions10/11€19k€19k=
Reserves13€89k€20k▼
Distributable reserves133€89k€20k▼
Profit (loss) carried forward14€48k€48k=
Amounts payable17/49€102k€104k▲
Amounts payable after more than one year17€49k€37k▼
Financial debts170/4€49k€37k▼
Amounts payable within one year42/48€52k€67k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€27k€46k▲
Suppliers440/4€27k€46k▲
Taxes, remuneration and social security45€13k€8k▼
Taxes450/3€13k€8k▼
Accrued charges and deferred income492/3€246€510▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€33k€30k▼
Operating profit (loss)9901€12k€8k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€11k€7k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€7k€5k▼
Profit (loss) for the period to be appropriated9905€7k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€52k▼
Profit (loss) brought forward from the previous period14P€48k€48k▲
Transfer from equity791/2-€73k
Transfer to equity691/2€7k€5k▼
To other reserves6921€7k€5k▼
Profit to be distributed694/7-€73k
Return on contributions (dividend)694-€73k
The notes to these accounts (12 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Equity above €150kEq €155k ▲4.6%
3 profitable years in a row build equity to €155k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €387
Net result €387 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-11k ▼126%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲80.3%
Operating result €28k, net result €41k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €150kEq €173k ▲15.1%
2 profitable years in a row build equity to €173k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Londerzeel · 2 establishment units since 1999
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.
Haan 401840 LonderzeelGround area
2,747 m²
Building footprint
720 m²
Volume, LiDAR
6,043 m³
2 parcels, Flanders · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
K.Q.M.
since 19992.092.648.504
BUBBLES
since 20092.178.404.224
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004A0094/00R000 | Flanders | 1,374 m² | 1 · 589 m² | 17.4 m · 3 fl. |
| 23080D0414/00K000 | Flanders | 1,373 m² | 1 · 131 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ALL - FA
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Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,866 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-1999
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.