Q-ZEN
ActiveThe computed 12-month bankruptcy probability of Q-ZEN is 1.7% (moderate). The 2025 annual accounts show equity of €98k and a net result of €12k. Equity is growing by ~33.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 7332 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-16
Solvency35▼-6
Growth85=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.03 in 2024; short-term debt: 77.2% and cash: 10% of total assets), and 90.1% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
9.9%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7332 sector peers (2025).
NBB · sector comparisonPosition among 7332 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
89 d late
2022
106 d late
2021
30 d late
2020
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
Turnover
€100k▲ 35.5%
2021 · €74k
2020: €15k
2021: €74k
2020 → 2022
EBIT margin
21.7%▼ 22.2pp
2021 · 44.0%
2020: 25.8%
2021: 44.0%
2020 → 2022
Net result
€12k▼ 26.8%
2024 · €17k
2020: €3k
2021: €24k
2022: €15k
2023: €25k
2024: €17k
2020 → 2025
Working capital
€106k▲ 744%
2024 · €13k
2020: €4k
2021: €-4k
2022: €18k
2023: €-23k
2024: €13k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€74k-€100k▲ 35.5%
Equity€29k-€43k▲ 50.5%€68k▲ 57.4%€85k▲ 24.7%€98k▲ 14.5%
Operating result€32k-€22k▼ 33.0%€34k▲ 56.1%€37k▲ 8.6%€38k▲ 4.3%
Net result€24k-€15k▼ 39.2%€25k▲ 71.1%€17k▼ 32.3%€12k▼ 26.8%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €990k
Fixed assets
€120k▲ 58.0%
Current assets
€870k▲ 89.2%
Equity and liabilities €990k
Equity
€98k▲ 14.5%
Debt
€893k▲ 98.1%
The debt ratio rises from 84.1% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2024 · €44k
Cash flow
€23k▼
2024 · €24k
Solvency
9.9%▼
2024 · 15.9%
Current ratio
1.14▲
2024 · 1.03
Quick ratio
0.90▼
2024 · 1.03
Debt / equity
9.15▲
2024 · 5.29
ROE
12.7%▼
2024 · 19.8%
ROA
1.2%▼
2024 · 3.1%
Interest coverage
2.85▼
2024 · 4.52
Debt
€893k▲
2024 · €451k
Debt ≤ 1 year
€764k▲
2024 · €447k
Debt > 1 year
€128k
Income taxes
€9k▼
2024 · €10k
Staff costs
€39k
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€536k€990k▲
Fixed assets21/28€76k€120k▲
Intangible fixed assets21€2k€988▼
Tangible fixed assets22/27€71k€113k▲
Land and buildings22€69k€83k▲
Plant, machinery and equipment23€164€2k▲
Furniture and vehicles24€942€29k▲
Financial fixed assets28€3k€6k▲
Current assets29/58€460k€870k▲
Stocks and contracts in progress3-€185k
Stocks30/36-€185k
Amounts receivable within one year40/41€404k€582k▲
Trade receivables40€386k€498k▲
Other amounts receivable41€18k€84k▲
Current investments50/53€55k-
Cash at bank and in hand54/58-€99k
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€536k€990k▲
Equity10/15€85k€98k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€83k€96k▲
Amounts payable17/49€451k€893k▲
Amounts payable after more than one year17-€128k
Financial debts170/4-€128k
Amounts payable within one year42/48€447k€764k▲
Current portion of amounts payable after more than one year42-€48k
Financial debts43€150k€114k▼
Credit institutions430/8€150k€114k▼
Trade debts44€257k€580k▲
Suppliers440/4€257k€580k▲
Taxes, remuneration and social security45€32k€22k▼
Taxes450/3€32k€20k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€9k€218▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Remuneration, social security and pensions62-€39k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€48k€91k▲
Operating profit (loss)9901€37k€38k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€10k€17k▲
Recurring financial charges65€10k€17k▲
Profit (loss) for the period before taxes9903€27k€21k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€17k€12k▼
Profit (loss) for the period to be appropriated9905€17k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€96k▲
Profit (loss) brought forward from the previous period14P€66k€83k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
31-12
Financial
Highest result since 2020net €25k ▲71.1%
Net result €25k, the highest in the series.
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 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, Wezembeek-Oppem · 1 establishment unit since 2019
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.
Lange Eikstraat 461970 Wezembeek-OppemGround area
4,381 m²
Building footprint
325 m²
Volume, LiDAR
2,867 m³
2 parcels, Flanders, Wallonia · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Q-ZEN
since 20192.326.906.769
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62049A0871/00_000 | Wallonia | 3,861 m² | - | - |
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 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.
Similar companies · same sector, comparable size
R&R Bouw
BE 0746.587.422
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QUPRO
BE 0806.889.352
Aalter · Eq €98k
RENOVATIE'S WOUTERS
BE 0829.834.505
Leuven · Eq €98k
B.D.B. algemene grond- en bouwwerken
BE 0890.269.562
Lebbeke · Eq €97k
Quantum electriciteit & verwarming
BE 0776.658.610
Antwerpen · Eq €97k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,038. 13,150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43230Insulation installation
43291Specialised construction activities
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.