QUALITY FIRST
ActiveQUALITY FIRST has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €105k and a net result of €4k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 15870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
86
/ 100
Excellent▼ -14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▼-63
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 9.13 against 9.69 in 2023), and 9.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
30 d late
2022
59 d early
2021
10 d late
2020
1 d early
2019
56 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€105k▲ 4.3%
2023 · €100k
2018: €37k
2019: €32k
2020: €62k
2021: €73k
2022: €83k
2023: €100k
2018 → 2024
Total assets
€116k▲ 5.2%
2023 · €110k
2018: €48k
2019: €39k
2020: €70k
2021: €91k
2022: €93k
2023: €110k
2018 → 2024
Net result
€4k▼ 74.5%
2023 · €17k
2018: €-5k
2019: €-5k
2020: €31k
2021: €11k
2022: €11k
2023: €17k
2018 → 2024
Working capital
€89k▲ 7.1%
2023 · €83k
2018: €31k
2019: €29k
2020: €55k
2021: €62k
2022: €71k
2023: €83k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€73k▲ 16.9%€83k▲ 14.4%€100k▲ 20.1%€105k▲ 4.3%
Operating result€41k-€16k▼ 61.6%€16k▲ 2.0%€25k▲ 56.0%€7k▼ 73.9%
Net result€31k-€11k▼ 65.4%€11k▼ 0.5%€17k▲ 59.9%€4k▼ 74.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 74% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€15k▼ 9.7%
Current assets
€100k▲ 7.9%
Equity and liabilities €116k
Equity
€105k▲ 4.3%
Debt
€11k▲ 14.5%
The debt ratio rises from 8.7% to 9.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€11k▼
2023 · €29k
Cash flow
€9k▼
2023 · €21k
Solvency
90.5%▼
2023 · 91.3%
Current ratio
9.13▼
2023 · 9.69
Quick ratio
8.94▼
2023 · 9.49
Debt / equity
0.11▲
2023 · 0.10
ROE
4.1%▼
2023 · 16.8%
ROA
3.7%▼
2023 · 15.3%
Interest coverage
25.98▼
2023 · 76.83
Debt
€11k▲
2023 · €10k
Debt ≤ 1 year
€11k▲
2023 · €10k
Income taxes
€3k▼
2023 · €8k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€110k€116k▲
Fixed assets21/28€17k€15k▼
Tangible fixed assets22/27€17k€15k▼
Land and buildings22€17k€15k▼
Current assets29/58€93k€100k▲
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€19k€29k▲
Trade receivables40€9k€11k▲
Other amounts receivable41€10k€18k▲
Cash at bank and in hand54/58€72k€69k▼
Deferred charges and accrued income490/1-€183
Equity and liabilities
Total equity and liabilities10/49€110k€116k▲
Equity10/15€100k€105k▲
Contributions10/11€19k€19k=
Reserves13€82k€86k▲
Distributable reserves133€82k€86k▲
Amounts payable17/49€10k€11k▲
Amounts payable within one year42/48€10k€11k▲
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€31k€12k▼
Operating profit (loss)9901€25k€7k▼
Financial income75/76B€422€733▲
Recurring financial income75€422€733▲
Financial charges65/66B€383€423▲
Recurring financial charges65€383€423▲
Profit (loss) for the period before taxes9903€25k€7k▼
Income taxes67/77€8k€3k▼
Profit (loss) for the period9904€17k€4k▼
Profit (loss) for the period to be appropriated9905€17k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€4k▼
Transfer to equity691/2€17k€4k▼
To other reserves6921€17k€4k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €100k ▲20.1%
4 profitable years in a row build equity to €100k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
Have them read with priority
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Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 1997
Ground area
1,789 m²
Building footprint
352 m²
Volume, LiDAR
1,448 m³
2 parcels, Flanders · tallest building 14.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vriendschapslaan 1 A, 2960 Brecht
since 19972.070.344.244
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0066/00B007 | Flanders | 1,121 m² | 1 · 251 m² | 14.7 m · 1 fl. |
| 11009M0066/00P010 | Flanders | 668 m² | 1 · 101 m² | 6.8 m · 2 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.
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ION HYGIENE SYSTEMEN
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GLOBO CLEAN
BE 0567.779.503
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CIBO CLEANING
BE 0636.995.337
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LDA
BE 0844.455.967
De Panne · Eq €107k
DE CE FLOOR
BE 0890.297.672
Diepenbeek · Eq €107k
Of 466 companies in sector 46442 we hold annual accounts for 329. 216 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1994
Fiscal year end31-12
Activities, NACEBEL
46442Wholesale trade
51442
47783Retail trade
47784Retail trade
52488
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.