QUEBEC
ActiveSummary
QUEBEC has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.89M and a net result of €194k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability22▼-47
Solvency48=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days only on tighter terms
Liquidity tight (current ratio 1.45 against 1.54 in 2023; short-term debt: 40.2% and cash: 0.5% of total assets), and 77.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
22.6%
Return on assets
2.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8095 sector peers (2024).
NBB · sector comparisonPosition among 8095 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
118 d late
2023
26 d late
2022
69 d early
2021
9 d early
2020
138 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.05M
EBIT margin
20.9%
Net result
€194k▲ 2,331%
2023 · €8k
Working capital
€1.52M▲ 4.2%
2023 · €1.46M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€237k▲ 339%€34k▼ 85.8%€14k▼ 57.2%€17k▲ 15.8%€-150k
Net result€230k▲ 486%€29k▼ 87.3%€5k▼ 83.4%€8k▲ 64.2%€194k▲ 2,331%
EBIT margin
Equity€1.66M▲ 16.1%€1.69M▲ 1.8%€1.69M▲ 0.3%€1.70M▲ 0.5%€1.89M▲ 11.4%
Total assets€5.21M▲ 4.2%€5.30M▲ 1.6%€5.81M▲ 9.6%€7.54M▲ 29.9%€8.38M▲ 11.2%
Debt€3.55M▼ 0.6%€3.61M▲ 1.6%€4.11M▲ 14.0%€5.84M▲ 42.0%€6.49M▲ 11.1%
Working capital€1.62M▲ 178%€1.63M▲ 0.3%€1.60M▼ 1.5%€1.46M▼ 8.9%€1.52M▲ 4.2%
Staff (FTE)4.8▼ 11.1%7.5▲ 56.3%4.3▼ 42.7%4.7▲ 9.3%3.7▼ 21.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €150k after €17k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.38M
Fixed assets
€3.49M ▲ 3.2%
Current assets
€4.89M ▲ 17.6%
Equity and liabilities €8.38M
Equity
€1.89M ▲ 11.4%
Debt
€6.49M ▲ 11.1%
Debt's share of the balance-sheet total stays at 77.4%.
Key figures and ratios
EBITDA
€-83k▼
2023 · €59k
Cash flow
€260k▲
2023 · €50k
Current ratio
1.45▼
2023 · 1.54
Quick ratio
1.44▼
2023 · 1.52
Debt to equity
3.43▼
2023 · 3.43
ROE
10.2%▲
2023 · 0.5%
ROA
2.3%▲
2023 · 0.1%
Interest coverage
-15.43▼
2023 · 9.88
Debt ≤ 1 year
€3.37M▲
2023 · €2.70M
Debt > 1 year
€3.11M▼
2023 · €3.13M
Income taxes
€965▼
2023 · €10k
Staff costs
€333k▼
2023 · €441k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €498k | €377k | €441k | €333k | ▼ 24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €35k | €36k | €42k | €67k | ▲ 58.9% |
| Other operating charges640/8 | - | €8k | €16k | €12k | €9k | ▼ 22.6% |
| Gross operating margin9900 | €888k | €575k | €443k | €512k | €259k | ▼ 49.4% |
| Operating profit (loss)9901 | €237k | €34k | €14k | €17k | €-150k | ▼ 996% |
| Financial income75/76B | - | €7k | €8k | €7k | €350k | ▲ 4,934% |
| Recurring financial income75 | €7k | €7k | €8k | €7k | €350k | ▲ 4,934% |
| Financial charges65/66B | - | €11k | €10k | €6k | €5k | ▼ 9.5% |
| Recurring financial charges65 | €13k | €11k | €10k | €6k | €5k | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €231k | €30k | €13k | €18k | €195k | ▲ 998% |
| Income taxes67/77 | €520 | €581 | €8k | €10k | €965 | ▼ 90.1% |
| Profit (loss) for the period9904 | €230k | €29k | €5k | €8k | €194k | ▲ 2,331% |
| Profit (loss) for the period to be appropriated9905 | €230k | €29k | €5k | €8k | €194k | ▲ 2,331% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.21M | €5.30M | €5.81M | €7.54M | €8.38M | ▲ 11.2% |
| Fixed assets21/28 | €3.26M | €3.24M | €3.25M | €3.38M | €3.49M | ▲ 3.2% |
| Intangible fixed assets21 | €95k | €74k | €53k | €54k | €140k | ▲ 158% |
| Tangible fixed assets22/27 | €427k | €423k | €456k | €438k | €461k | ▲ 5.2% |
| Land and buildings22 | - | €389k | €389k | €389k | €389k | = |
| Plant, machinery and equipment23 | - | €1k | €740 | €291 | €10k | ▲ 3,325% |
| Furniture and vehicles24 | - | €33k | €66k | €49k | €62k | ▲ 26.7% |
| Financial fixed assets28 | €2.74M | €2.74M | €2.74M | €2.89M | €2.89M | = |
| Current assets29/58 | €1.95M | €2.06M | €2.55M | €4.16M | €4.89M | ▲ 17.6% |
| Amounts receivable after more than one year29 | - | €652k | €652k | €2.14M | €2.18M | ▲ 1.7% |
| Trade receivables290 | - | €652k | €652k | €0 | - | - |
| Other amounts receivable291 | - | - | - | €2.14M | €2.18M | ▲ 1.7% |
| Stocks and contracts in progress3 | €15k | €45k | €45k | €46k | €46k | = |
| Stocks30/36 | - | €45k | €45k | €46k | €46k | = |
| Amounts receivable within one year40/41 | €1.37M | €1.34M | €1.81M | €1.94M | €2.62M | ▲ 35.2% |
| Trade receivables40 | - | €165k | €90k | €0 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1.17M | €1.72M | €1.94M | €2.62M | ▲ 35.2% |
| Cash at bank and in hand54/58 | €13k | €18k | €40k | €22k | €44k | ▲ 104% |
| Deferred charges and accrued income490/1 | - | €5k | €10k | €11k | €4k | ▼ 59.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.21M | €5.30M | €5.81M | €7.54M | €8.38M | ▲ 11.2% |
| Equity10/15 | €1.66M | €1.69M | €1.69M | €1.70M | €1.89M | ▲ 11.4% |
| Contributions10/11 | - | €4.77M | €4.77M | €4.77M | €4.77M | = |
| Reserves13 | €57k | €57k | €57k | €57k | €57k | = |
| Non-distributable reserves130/1 | - | €53k | €53k | €53k | - | - |
| Reserves not available under the articles1311 | - | €53k | €53k | €53k | - | - |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | - | - | - | €53k | - |
| Profit (loss) carried forward14 | €-3.17M | €-3.14M | €-3.13M | €-3.12M | €-2.93M | ▲ 6.2% |
| Amounts payable17/49 | €3.55M | €3.61M | €4.11M | €5.84M | €6.49M | ▲ 11.1% |
| Amounts payable after more than one year17 | €3.22M | €3.17M | €3.15M | €3.13M | €3.11M | ▼ 0.6% |
| Financial debts170/4 | - | €175k | €155k | €135k | €115k | ▼ 14.8% |
| Other amounts payable178/9 | - | €3.00M | €3.00M | €3.00M | €3.00M | = |
| Amounts payable within one year42/48 | €326k | €430k | €954k | €2.70M | €3.37M | ▲ 24.9% |
| Current portion of amounts payable after more than one year42 | - | €20k | €20k | €20k | €20k | = |
| Trade debts44 | €22k | €17k | €88k | €28k | €158k | ▲ 459% |
| Suppliers440/4 | - | €17k | €88k | €28k | €158k | ▲ 459% |
| Taxes, remuneration and social security45 | - | €274k | €76k | €69k | €40k | ▼ 41.5% |
| Taxes450/3 | - | €232k | €22k | €18k | €11k | ▼ 38.0% |
| Remuneration and social security454/9 | - | €42k | €53k | €51k | €29k | ▼ 42.7% |
| Other amounts payable47/48 | - | €119k | €770k | €2.58M | €3.16M | ▲ 22.1% |
| Accrued charges and deferred income492/3 | - | €3k | €4k | €5k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €230k | €29k | €5k | €8k | €194k | ▲ 2,331% |
| + Depreciation and write-downs630 | €21k | €35k | €36k | €42k | €67k | ▲ 58.9% |
| Operating cash flow (approximation) | €252k | €64k | €40k | €50k | €260k | ▲ 421% |
| Investment in fixed assets (approximation) | - | €-11k | €-47k | €-173k | €-175k | ▼ 1.1% |
| Change in cash | - | €4k | €22k | €-18k | €22k | ▲ 221% |
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
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 118 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €5k ▼83.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 138 days late
2020
31-12
Financial
Highest result since 2018net €230k ▲486%
Operating result €237k, net result €230k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.97
Current ratio from 1.46 to 5.97; short-term debt falls from €1.27M to €326k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 71 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 436 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Langemark-Poelkapelle · 1 establishment unit since 2002
Ground area
6,209 m²
Building footprint
690 m²
Volume, LiDAR
3,699 m³
Parcel 33020E0916/00K000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Stroombeekstraat 10, 8920 Langemark-Poelkapelle
since 20022.115.307.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33020E0916/00K000 | Flanders | 6,209 m² | 1 · 690 m² | 8.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLangemark-Poelkapelle2.115.307.110
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,495. 1,624 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
Founded20-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.