QH

Active

Private limited companyfounded 20178 yrs activeKortrijkstraat 7, 9800 Deinze, BelgiumKBO/BCE: BE 0683.845.347

The computed 12-month bankruptcy probability of QH is 2.2% (moderate). The 2025 annual accounts show equity of €33k and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 13061 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

52 / 100

Fair▼ -48 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency100=

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 4.06 against 4.67 in 2024), and 24.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

75.1%

Return on assets

-60.3%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

17 d early

2024

56 d early

2023

65 d early

2022

37 d early

2021

60 d early

2020

26 d early

2019

24 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€33k▼ 62.5%

2024 · €87k

2018: €9k 2019: €36k 2020: €42k 2021: €28k 2022: €13k 2023: €46k 2024: €87k

2018 → 2025

Total assets

€43k▼ 59.4%

2024 · €107k

2018: €78k 2019: €82k 2020: €87k 2021: €82k 2022: €61k 2023: €101k 2024: €107k

2018 → 2025

Net result

€-26k

2024 · €41k

2018: €-10k 2019: €27k 2020: €6k 2021: €-14k 2022: €-14k 2023: €33k 2024: €41k

2018 → 2025

Working capital

€24k▼ 64.9%

2024 · €69k

2018: €-43k 2019: €-21k 2020: €-8k 2021: €-23k 2022: €-24k 2023: €18k 2024: €69k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€28k-€13k▼ 52.3%€46k▲ 249%€87k▲ 88.8%€33k▼ 62.5%

Operating result€-11k-€-11k▲ 2.5%€37k€57k▲ 55.1%€-23k

Net result€-14k-€-14k▼ 4.1%€33k€41k▲ 24.4%€-26k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €23k after €57k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €43k

26.5%

73.5%

Fixed assets €11k▼ 41.6%

Current assets €32k▼ 63.4%

Equity and liabilities €43k

75.1%

24.9%

Equity €33k▼ 62.5%

Debt €11k▼ 45.8%

The debt ratio rises from 18.7% to 24.9%: equity shrinks faster than debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-14k▼

2024 · €66k

Cash flow

€-18k▼

2024 · €50k

Solvency

75.1%▼

2024 · 81.3%

Current ratio

4.06▼

2024 · 4.67

Quick ratio

3.53▼

2024 · 4.37

Debt / equity

0.33▲

2024 · 0.23

ROE

-80.3%▼

2024 · 47.0%

ROA

-60.3%▼

2024 · 38.3%

Interest coverage

-4.07▼

2024 · 15.38

Debt

€11k▼

2024 · €20k

Debt ≤ 1 year

€8k▼

2024 · €19k

Staff costs

€52k▼

2024 · €55k

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€107k€43k▼

Fixed assets21/28€20k€11k▼

Intangible fixed assets21€16k€10k▼

Tangible fixed assets22/27€4k€1k▼

Plant, machinery and equipment23€4k€1k▼

Furniture and vehicles24€15€10▼

Current assets29/58€87k€32k▼

Stocks and contracts in progress3€6k€4k▼

Stocks30/36€6k€4k▼

Amounts receivable within one year40/41€2k€11k▲

Trade receivables40€107€673▲

Other amounts receivable41€2k€10k▲

Cash at bank and in hand54/58€80k€17k▼

Deferred charges and accrued income490/1-€375

Equity and liabilities

Total equity and liabilities10/49€107k€43k▼

Equity10/15€87k€33k▼

Contributions10/11€19k€19k=

Reserves13€28k-

Distributable reserves133€28k-

Profit (loss) carried forward14€41k€14k▼

Amounts payable17/49€20k€11k▼

Amounts payable within one year42/48€19k€8k▼

Trade debts44€7k€4k▼

Suppliers440/4€7k€4k▼

Taxes, remuneration and social security45€10k€4k▼

Taxes450/3€7k€899▼

Remuneration and social security454/9€4k€3k▼

Other amounts payable47/48€2k-

Accrued charges and deferred income492/3€1k€3k▲

Income statement Code20242025

Remuneration, social security and pensions62€55k€52k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼

Other operating charges640/8€3k€4k▲

Gross operating margin9900€124k€41k▼

Operating profit (loss)9901€57k€-23k▼

Financial income75/76B€10€0▼

Recurring financial income75€10€0▼

Financial charges65/66B€4k€4k▼

Recurring financial charges65€4k€4k▼

Profit (loss) for the period before taxes9903€53k€-26k▼

Income taxes67/77€12k-

Profit (loss) for the period9904€41k€-26k▼

Profit (loss) for the period to be appropriated9905€41k€-26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€41k€14k▼

Profit (loss) brought forward from the previous period14P-€40k

Transfer from equity791/2-€28k

Profit to be distributed694/7-€28k

Return on contributions (dividend)694-€28k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 6Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-26k ▼164%

Net result drops to €-26k, the lowest in the series.

05-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2018net €41k ▲24.4%

Operating result €57k, net result €41k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 4.67

Current ratio from 1.32 to 4.67; short-term debt falls from €55k to €19k.

27-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €33k

Net result €33k after 2 loss-making years.

31-12

Financial Liquidity triplescurrent ratio 1.32

Current ratio from 0.49 to 1.32.

24-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

01-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

05-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

07-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Back to profitnet €27k

Net result €27k after one loss-making year.

20-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

15-12-2025 Yang Zhongyong: Resigned as Director

31-12-2019 Yi Xia: Resigned as Manager

Location & real-estate footprint

Registered office, Deinze · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Kortrijkstraat 79800 Deinze

Ground area

552 m²

Building footprint

290 m²