Quality
ActiveSummary
The computed 12-month bankruptcy probability of Quality is 3.0% (moderate). For Quality, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €42,883 and a net result of €34,226. Its solvency ranks better than 49% of 1945 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability97▲+9
Solvency52▼-24
Growth77
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2023Solvency, return and age of the figures
Solvency
27.1%
Return on assets
21.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
37 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€323,530▲ 12.5%
2022 · €287,614
EBIT margin
18.1%▲ 9.0pp
2022 · 9.1%
Net result
€34,226▲ 65.7%
2022 · €20,657
Working capital
-€40,152
2022 · €9,465
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Turnover€287,614-€323,530▲ 12.5%
Operating result€26,314-€58,718▲ 123%
Net result€20,657within the sector's middle half-€34,226above the sector's middle half▲ 65.7%
EBIT margin9.1%-18.1%▲ 9.0pp
Equity€30,657within the sector's middle half-€42,883within the sector's middle half▲ 39.9%
Total assets€60,634below the sector's middle half-€158,249within the sector's middle half▲ 161%
Debt€29,977-€115,366▲ 285%
Working capital€9,465within the sector's middle half--€40,152below the sector's middle half
Solvency50.6%within the sector's middle half-27.1%within the sector's middle half▼ 23.5pp
Current ratio1.32within the sector's middle half-0.65within the sector's middle half▼ 0.66
Return on assets (ROA)34.1%above the sector's middle half-21.6%above the sector's middle half▼ 12.4pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 123% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €158,249
Fixed assets
€83,035 ▲ 292%
Current assets
€75,214 ▲ 90.7%
Equity and liabilities €158,249
Equity
€42,883 ▲ 39.9%
Debt
€115,366 ▲ 285%
Debt's share of the balance-sheet total rises from 49.4% to 72.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,887▲
2022 · €31,318
Cash flow
€42,394▲
2022 · €25,661
Debt to equity
2.69▲
2022 · 0.98
ROE
79.8%▲
2022 · 67.4%
Interest coverage
243.26▼
2022 · 566.75
Debt ≤ 1 year
€115,366▲
2022 · €29,977
Income taxes
€25,189▲
2022 · €5,813
Staff costs
€166,162▲
2022 · €86,709
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €287,614 | €323,530 | ▲ 12.5% |
| Goods, raw materials, services and sundry goods60/61 | €166,054 | €88,679 | ▼ 46.6% |
| Remuneration, social security and pensions62 | €86,709 | €166,162 | ▲ 91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,004 | €8,169 | ▲ 63.2% |
| Other operating charges640/8 | €3,533 | €1,801 | ▼ 49.0% |
| Gross operating margin9900 | €121,560 | €234,851 | ▲ 93.2% |
| Operating profit (loss)9901 | €26,314 | €58,718 | ▲ 123% |
| Financial income75/76B | €211 | €971 | ▲ 361% |
| Recurring financial income75 | €211 | €971 | ▲ 361% |
| Financial charges65/66B | €55 | €275 | ▲ 398% |
| Recurring financial charges65 | €55 | €275 | ▲ 398% |
| Profit (loss) for the period before taxes9903 | €26,470 | €59,414 | ▲ 124% |
| Income taxes67/77 | €5,813 | €25,189 | ▲ 333% |
| Profit (loss) for the period9904 | €20,657 | €34,226 | ▲ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €20,657 | €34,226 | ▲ 65.7% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,634 | €158,249 | ▲ 161% |
| Fixed assets21/28 | €21,192 | €83,035 | ▲ 292% |
| Tangible fixed assets22/27 | €21,192 | €83,035 | ▲ 292% |
| Plant, machinery and equipment23 | €3,397 | €4,543 | ▲ 33.8% |
| Furniture and vehicles24 | €17,795 | €78,491 | ▲ 341% |
| Current assets29/58 | €39,442 | €75,214 | ▲ 90.7% |
| Amounts receivable within one year40/41 | €27,580 | €48,303 | ▲ 75.1% |
| Trade receivables40 | €21,407 | €17,310 | ▼ 19.1% |
| Other amounts receivable41 | €6,173 | €30,993 | ▲ 402% |
| Cash at bank and in hand54/58 | €11,862 | €26,911 | ▲ 127% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,634 | €158,249 | ▲ 161% |
| Equity10/15 | €30,657 | €42,883 | ▲ 39.9% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | = |
| Issued capital100 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €20,657 | €32,883 | ▲ 59.2% |
| Amounts payable17/49 | €29,977 | €115,366 | ▲ 285% |
| Amounts payable within one year42/48 | €29,977 | €115,366 | ▲ 285% |
| Current portion of amounts payable after more than one year42 | - | €65,769 | - |
| Trade debts44 | €5,806 | €4,082 | ▼ 29.7% |
| Suppliers440/4 | €5,806 | €4,082 | ▼ 29.7% |
| Taxes, remuneration and social security45 | €24,171 | €45,514 | ▲ 88.3% |
| Taxes450/3 | €16,139 | €32,080 | ▲ 98.8% |
| Remuneration and social security454/9 | €8,032 | €13,434 | ▲ 67.3% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20,657 | €34,226 | ▲ 65.7% |
| + Depreciation and write-downs630 | €5,004 | €8,169 | ▲ 63.2% |
| Operating cash flow (approximation) | €25,661 | €42,394 | ▲ 65.2% |
| Investment in fixed assets (approximation) | - | -€70,012 | - |
| Change in cash | - | €15,048 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Ranst · 1 establishment unit since 2021
Ground area
666 m²
Building footprint
161 m²
Volume, LiDAR
718 m³
Parcel 11031A0620/00V000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Quality
since 20212.322.684.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031A0620/00V000 | Flanders | 666 m² | 1 · 161 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
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H.M.M. GROUP
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BE 0800.163.094
Hamont-Achel · Eq €43,366
Of 598 companies in sector 10111 we hold annual accounts for 330. 212 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775490353
Also
9925:BE0775490353
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.