Q-BE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Q-BE is 0.4% (very low). The 2025 annual accounts show equity of €58k and a net result of €-7k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 73% of 1339 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 9 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	02-02-2026	2 d late	2026-00026522
30-06-2024	31-01-2025	30-01-2025	1 d early	2025-00015158
30-06-2023	31-01-2024	25-01-2024	6 d early	2024-00006256
30-06-2022	31-01-2023	19-01-2023	12 d early	2023-00001128
30-06-2021	31-01-2022	17-01-2022	14 d early	2022-01100212
30-06-2020	31-01-2021	04-12-2020	58 d early	2020-74700114
30-06-2019	31-01-2020	06-02-2020	6 d late	2020-05000041
30-06-2018	31-01-2019	19-12-2018	43 d early	2018-75000192
30-06-2017	31-01-2018	20-12-2017	42 d early	2017-72600104

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-7k+54.0%

Working capital€46k-11.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 02-02-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 7 fiscal years (±0.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	57.3%	22.9%	better than 73% of 1339 sector peers
Net result	€-7k	€10k	better than 22% of 1337 sector peers
Equity	€58k	€44k	better than 55% of 1340 sector peers
Gross operating margin	€13k	€39k	better than 29% of 1337 sector peers
Total assets	€101k	€291k	better than 25% of 1339 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P73

Improving position over 2020-2025 · n=859-4951

Net result P22

Weakening position over 2020-2025 · n=858-4943

Equity P55

Stable position over 2020-2025 · n=859-4954

Gross operating margin P29

Weakening position over 2020-2025 · n=858-4937

Describes the position versus peers, not a forecast.

EBITDA

€11k

+122.3% 19-25

Net profit

€-7k

+54.0% 19-25

Cash flow

€10k

+158.4% 19-25

Total assets

€101k

-11.6% 19-25

Equity

€58k

-21.0% 19-25

Working capital

€46k

-11.3% 19-25

Income taxes

€376

-1.5% 19-25

Dividends

€9k

-43.3% 19-25

Debt

€43k

+5.2% 19-25

Debt ≤ 1y

€43k

+26.0% 19-25

Debt > 1y

€0

-100.0% 19-25

Current ratio

2.06

-17.8% 19-25

Quick ratio

2.06

-17.8% 19-25

Solvency

57.3%

-10.6% 19-25

Debt / equity

0.75

+33.1% 19-25

ROE

-11.9%

+41.8% 19-25

ROA

-6.8%

+48.0% 19-25

Interest coverage

19.52

+167.9% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€11k
Net profit	€-7k
Cash flow	€10k
Staff costs	-
Income taxes	€376
Dividends	€9k
Total assets	€101k
Equity	€58k
Debt	€43k
of which ≤ 1y	€43k
of which > 1y	-
Working capital	€46k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.06
Quick ratio	2.06
Working capital ratio	45.1%
Solvency	57.3%
Debt / equity	0.75
Long-term debt ratio	-
Interest coverage	19.52
Gross margin	-
Net margin	-
ROA	-6.8%
ROE	-11.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €12k · 12.2% Current assets €89k · 87.9%

Equity & liabilities

Equity €58k · 57.3% Debt €43k · 42.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€101k
Fixed assets	21/28	€12k
Tangible fixed assets	22/27	€12k
Current assets	29/58	€89k
Amounts receivable within one year	40/41	€33k
Cash & bank	54/58	€53k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€101k
Equity	10/15	€58k
Contributions / capital	10/11	€6k
Reserves	13	€30k
Accumulated profits (losses)	14	€22k
Amounts payable	17/49	€43k
Amounts payable within one year	42/48	€43k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€13k
Operating result	9901	€-6k
Financial income	75	€10
Financial charges	65	€586
Result before taxes	9903	€-7k
Income taxes	67/77	€376
Net result for the period	9904	€-7k
Result to be appropriated	9905	€-7k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

78 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rue Briffaut 27022 Mons

Establishment units

1 location

Q-BE

Rue Briffaut 2, 7022 MonsVervaardiging van kantoor- en winkelmeubelen

since 20162.251.534.603

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,927 m²

Buildings1

Building footprint96 m²

Volume (LiDAR)807 m³

Tallest building10.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53061A0043/00N000	Wallonia	1,927 m²	1 · 96 m²	10.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

62 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 0

Solvency 98

Growth 32

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 1,130 of the 7,278 companies in this sector. 819 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Bouwarchitecten71111Activiteiten van bouwarchitecten71111Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121

Primary activity highlighted.

Names & trade names

Legal nameFR

Q-BE

Registered office

Rue Briffaut 2

7022 Mons, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.