Qteal
ActiveSummary
Qteal has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €734k and a net result of €271k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+17
Solvency74▼-8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.93 in 2023; short-term debt: 37.3% of total assets), but 50.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2024Solvency, return and age of the figures
Solvency
49.4%
Return on assets
18.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
34 d early
2022
31 d early
2021
31 d early
2020
30 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€734k▲ 5.3%
2023 · €697k
2018: €146k
2019: €245k
2020: €582k
2021: €671k
2022: €840k
2023: €697k
2018 → 2024
Total assets
€1.49M▲ 22.7%
2023 · €1.21M
2018: €458k
2019: €638k
2020: €1.00M
2021: €922k
2022: €1.05M
2023: €1.21M
2018 → 2024
Net result
€271k▲ 375%
2023 · €57k
2018: €109k
2019: €127k
2020: €399k
2021: €256k
2022: €213k
2023: €57k
2018 → 2024
Working capital
€429k▼ 9.5%
2023 · €474k
2018: €136k
2019: €234k
2020: €572k
2021: €655k
2022: €816k
2023: €474k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€582k-€671k▲ 15.4%€840k▲ 25.2%€697k▼ 17.0%€734k▲ 5.3%
Operating result€560k-€347k▼ 38.0%€320k▼ 7.9%€109k▼ 65.9%€422k▲ 286%
Net result€399k-€256k▼ 35.8%€213k▼ 16.7%€57k▼ 73.2%€271k▲ 375%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 286% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.49M
Fixed assets
€504k ▲ 2.1%
Current assets
€983k ▲ 36.8%
Equity and liabilities €1.49M
Equity
€734k ▲ 5.3%
Debt
€753k ▲ 46.2%
Debt's share of the balance-sheet total rises from 42.5% to 50.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€548k▲
2023 · €165k
Cash flow
€398k▲
2023 · €113k
Current ratio
1.77▼
2023 · 2.93
Debt to equity
1.03▲
2023 · 0.74
ROE
37.0%▲
2023 · 8.2%
ROA
18.3%▲
2023 · 4.7%
Interest coverage
36.07▲
2023 · 9.79
Debt ≤ 1 year
€554k▲
2023 · €245k
Debt > 1 year
€192k▼
2023 · €263k
Income taxes
€135k▲
2023 · €35k
Staff costs
€776k▼
2023 · €877k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.21M€1.49M▲
Fixed assets21/28€493k€504k▲
Tangible fixed assets22/27€476k€486k▲
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€464k€477k▲
Financial fixed assets28€18k€18k=
Current assets29/58€719k€983k▲
Amounts receivable within one year40/41€270k€304k▲
Trade receivables40€195k€221k▲
Other amounts receivable41€75k€83k▲
Current investments50/53€421k€651k▲
Deferred charges and accrued income490/1€28k€28k▲
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.49M▲
Equity10/15€697k€734k▲
Contributions10/11€70k€70k=
Capital10€70k€70k=
Issued capital100€70k€70k=
Reserves13€627k€664k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€620k€657k▲
Amounts payable17/49€515k€753k▲
Amounts payable after more than one year17€263k€192k▼
Financial debts170/4€263k€192k▼
Amounts payable within one year42/48€245k€554k▲
Current portion of amounts payable after more than one year42€67k€72k▲
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€55k€88k▲
Suppliers440/4€55k€88k▲
Taxes, remuneration and social security45€123k€155k▲
Taxes450/3€28k€82k▲
Remuneration and social security454/9€95k€73k▼
Other amounts payable47/48€24€234k▲
Accrued charges and deferred income492/3€7k€7k▼
Income statement
Code20232024
Non-recurring operating income76A€2k€459▼
Remuneration, social security and pensions62€877k€776k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€126k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€4€4k▲
Gross operating margin9900€1.04M€1.33M▲
Operating profit (loss)9901€109k€422k▲
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Profit (loss) for the period before taxes9903€92k€407k▲
Income taxes67/77€35k€135k▲
Profit (loss) for the period9904€57k€271k▲
Profit (loss) for the period to be appropriated9905€57k€271k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€271k▲
Transfer from equity791/2€200k-
Transfer to equity691/2€57k€37k▼
To other reserves6921€57k€37k▼
Profit to be distributed694/7€200k€234k▲
Return on contributions (dividend)694€200k€147k▼
Employees696-€87k
Social balance
Average headcount (FTE)908712.111.6▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €57k ▼73.2%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €399k ▲214%
Operating result €560k, net result €399k, both a record.
31-12
Financial
Equity above €500kEq €582k ▲138%
3 profitable years in a row build equity to €582k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €245k ▲68.1%
2 profitable years in a row build equity to €245k.
28-06
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
2 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, Antwerpen · 2 establishment units since 2017
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.
Eglantierlaan 1222610 AntwerpenGround area
264 m²
Building footprint
162 m²
Volume, LiDAR
1,484 m³
2 parcels, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Qteal
since 20172.265.817.258
Qteal
since 20172.274.000.197
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011E0390/00A003 | Flanders | 168 m² | 1 · 66 m² | 9.8 m · 3 fl. |
| 11051B0237/00Z003 | Flanders | 96 m² | 1 · 96 m² | 14.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 2,912 EUR awarded · 2,912 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,105 EUR | 2,105 EUR |
| 2022 | 1 | 807 EUR | 807 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 10,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:work@Qteal.com
Phone:0478227539