Checked.be
Active
BE 0793.952.225Private limited company
QS
Alsembergsesteenweg 93 ·1630 Linkebeek, Belgium· 3 yrs active
Sector: Crop and animal production, hunting and related service activities
(01301)
Conclusion
QS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €239. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €29k |
| Net result | €239 |
| Better than sector | 71% |
| Active | 3 yrs |
Financial profile
65
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
79
Profitability
4
Solvency
94
Growth
52
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
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.
Checked score
79
/ 100
Excellent
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.
Indicative credit limit
€3k
estimate, not credit advice
Score history
58
2023
54
2024
79
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.20 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.88 (≥ 1.0)
+5
Leverage
Debt/equity 1.03 (< 2.0)
+3
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 15.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
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 01, Crop and animal production, hunting and related service activities · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 49.2% | 25.4% | |
| Net result | €239 | €17k | |
| Equity | €29k | €103k | |
| Gross operating margin | €26k | €84k | |
| Staff costs | €1k | €65k |
€24k
-7.3%
23-25
€239
-89.6%
23-25
€22k
-5.2%
23-25
€59k
-10.3%
23-25
€29k
+0.8%
23-25
€23k
-
23-25
€1k
-63.1%
23-25
€327
-66.3%
23-25
€30k
-18.9%
23-25
€7k
-67.9%
23-25
€23k
+52.9%
23-25
4.20
+449.7%
23-25
2.88
+277.5%
23-25
49.2%
+12.4%
23-25
1.03
-19.6%
23-25
0.8%
-89.7%
23-25
0.4%
-88.4%
23-25
15.65
-9.0%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €24k | €26k | €27k |
| Net profit | €239 | €2k | €17k |
| Cash flow | €22k | €23k | €33k |
| Staff costs | €1k | €3k | €3k |
| Income taxes | €327 | €970 | €5k |
| Dividends | - | - | - |
| Total assets | €59k | €66k | €101k |
| Equity | €29k | €29k | €27k |
| Debt | €30k | €37k | €74k |
| of which ≤ 1y | €7k | €22k | €49k |
| of which > 1y | €23k | €15k | €25k |
| Working capital | €23k | €-5k | €-13k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 4.20 | 0.76 | 0.74 |
| Quick ratio | 2.88 | 0.76 | 0.74 |
| Working capital ratio | 38.2% | -7.9% | -12.9% |
| Solvency | 49.2% | 43.8% | 26.4% |
| Debt / equity | 1.03 | 1.29 | 2.79 |
| Long-term debt ratio | 0.79 | 0.52 | 0.94 |
| Interest coverage | 15.65 | 17.19 | 17.12 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.4% | 3.5% | 16.4% |
| ROE | 0.8% | 8.0% | 62.3% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €59k | €66k | €101k |
| Fixed assets | 21/28 | €29k | €48k | €63k |
| Formation expenses | 20 | €446 | €682 | €917 |
| Intangible fixed assets | 21 | €691 | €791 | €891 |
| Tangible fixed assets | 22/27 | €28k | €48k | €63k |
| Current assets | 29/58 | €30k | €17k | €36k |
| Stocks & contracts in progress | 3 | €9k | - | - |
| Amounts receivable within one year | 40/41 | €10k | €8k | €28k |
| Cash & bank | 54/58 | €10k | €9k | €8k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €59k | €66k | €101k |
| Equity | 10/15 | €29k | €29k | €27k |
| Contributions / capital | 10/11 | €10k | €10k | €10k |
| Reserves | 13 | €19k | €19k | €17k |
| Amounts payable | 17/49 | €30k | €37k | €74k |
| Amounts payable after one year | 17 | €23k | €15k | €25k |
| Amounts payable within one year | 42/48 | €7k | €22k | €49k |
| Trade debts payable within one year | 44 | €5k | €5k | €16k |
| Income statement | ||||
| Gross operating margin | 9900 | €26k | €30k | €31k |
| Operating result | 9901 | €2k | €5k | €10k |
| Financial income | 75 | €72 | €31 | €12k |
| Financial charges | 65 | €2k | €1k | €2k |
| Result before taxes | 9903 | €565 | €3k | €21k |
| Income taxes | 67/77 | €327 | €970 | €5k |
| Net result for the period | 9904 | €239 | €2k | €17k |
| Result to be appropriated | 9905 | €239 | €2k | €17k |
Legal Structure
| NACE primary | Crop and animal production, hunting and related service activities(01301) |
| Legal form | Private limited company(610) |
| Incorporation | 24-11-2022 |
| Status | Active |
| Postal code | 1630 |
Establishment units
QS
since 20222.338.933.680
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0088/00G000 | Flanders | 3,346 m² | 1 · 1,138 m² | 24.0 m · 7 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €239 ▼89.6%
Net result drops to €239, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 4.20
Current ratio from 0.76 to 4.20; short-term debt falls from €22k to €7k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Crop and animal production, hunting and related service activities01301Civil engineering42211Roofing work43410Agents in non-specialised wholesale trade46190Retail sale of flowers, plants, seeds and fertilisers47761Freight transport by road49410
Names & trade names
| Legal nameNL | QS |
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