QUERCUS
ActiveSummary
QUERCUS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €911k and a net result of €169k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 66% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+3
Solvency77▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.11 in 2024; short-term debt: 31% and cash: 0% of total assets), and 48.5% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
51.5%
Return on assets
9.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
31 d late
2022
31 d late
2021
4 d late
2020
20 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€240k
EBIT margin
70.5%
Net result
€169k▲ 30.9%
2024 · €129k
2018: €97klowest in 8 years
2019: €126k▲ +29.8% vs 2018
2020: €153k▲ +21.6% vs 2019
2021: €144k▼ -5.9% vs 2020
2022: €115k▼ -20.5% vs 2021
2023: €125k▲ +9.3% vs 2022
2024: €129k▲ +2.6% vs 2023
2025: €169k▲ +30.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€217k▲ 247%
2024 · €63k
2018: €83k
2019: €157k▲ +88.6% vs 2018
2020: €257k▲ +63.7% vs 2019
2021: €281k▲ +9.1% vs 2020highest in 8 years
2022: €4k▼ -98.7% vs 2021
2023: €-42k▼ -1237% vs 2022lowest in 8 years
2024: €63k▲ +249% vs 2023
2025: €217k▲ +247% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€240k-
Equity€444k-€542k▲ 21.9%€649k▲ 19.9%€760k▲ 17.1%€911k▲ 19.8%
2021: €444klowest in 5 years
2022: €542k▲ +21.9% vs 2021
2023: €649k▲ +19.9% vs 2022
2024: €760k▲ +17.1% vs 2023
2025: €911k▲ +19.8% vs 2024highest in 5 years
Operating result€169k-€150k▼ 11.5%€168k▲ 12.4%€168k▼ 0.2%€238k▲ 41.7%
2021: €169k
2022: €150k▼ -11.5% vs 2021lowest in 5 years
2023: €168k▲ +12.4% vs 2022
2024: €168k▼ -0.2% vs 2023
2025: €238k▲ +41.7% vs 2024highest in 5 years
Net result€144k-€115k▼ 20.5%€125k▲ 9.3%€129k▲ 2.6%€169k▲ 30.9%
2021: €144k
2022: €115k▼ -20.5% vs 2021lowest in 5 years
2023: €125k▲ +9.3% vs 2022
2024: €129k▲ +2.6% vs 2023
2025: €169k▲ +30.9% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.00M ▼ 2.7%
Current assets
€766k ▲ 22.6%
Equity and liabilities €1.77M
Equity
€911k ▲ 19.8%
Debt
€857k ▼ 4.2%
Debt's share of the balance-sheet total falls from 54.0% to 48.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€268k▲
2024 · €197k
Cash flow
€198k▲
2024 · €158k
Current ratio
1.40▲
2024 · 1.11
Debt to equity
0.94▼
2024 · 1.18
ROE
18.5%▲
2024 · 16.9%
ROA
9.5%▲
2024 · 7.8%
Interest coverage
25.50▲
2024 · 17.51
Debt ≤ 1 year
€549k▼
2024 · €562k
Debt > 1 year
€303k▼
2024 · €331k
Income taxes
€76k▲
2024 · €39k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.65M€1.77M▲
Fixed assets21/28€1.03M€1.00M▼
Tangible fixed assets22/27€1.03M€1.00M▼
Land and buildings22€1.03M€1,000k▼
Furniture and vehicles24€2k€919▼
Financial fixed assets28€856€856=
Current assets29/58€625k€766k▲
Amounts receivable after more than one year29€47k€44k▼
Other amounts receivable291€47k€44k▼
Amounts receivable within one year40/41€546k€721k▲
Trade receivables40€66k€153k▲
Other amounts receivable41€479k€568k▲
Cash at bank and in hand54/58€32k€294▼
Deferred charges and accrued income490/1-€989
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.77M▲
Equity10/15€760k€911k▲
Contributions10/11€19k€19k=
Reserves13€2k€152k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€150k
Profit (loss) carried forward14€740k€740k▲
Amounts payable17/49€894k€857k▼
Amounts payable after more than one year17€331k€303k▼
Financial debts170/4€331k€303k▼
Amounts payable within one year42/48€562k€549k▼
Current portion of amounts payable after more than one year42€27k€28k▲
Financial debts43-€226
Credit institutions430/8-€226
Trade debts44€82€71▼
Suppliers440/4€82€71▼
Taxes, remuneration and social security45€57k€68k▲
Taxes450/3€57k€68k▲
Other amounts payable47/48€478k€453k▼
Accrued charges and deferred income492/3€1k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€30k▲
Other operating charges640/8€5k€10k▲
Gross operating margin9900€202k€278k▲
Operating profit (loss)9901€168k€238k▲
Financial income75/76B€11k€17k▲
Recurring financial income75€11k€17k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€168k€244k▲
Income taxes67/77€39k€76k▲
Profit (loss) for the period9904€129k€169k▲
Profit (loss) for the period to be appropriated9905€129k€169k▲
Appropriation of the result
Profit (loss) to be appropriated9906€758k€908k▲
Profit (loss) brought forward from the previous period14P€629k€740k▲
Transfer to equity691/2-€150k
To other reserves6921-€150k
Profit to be distributed694/7€18k€18k▲
Return on contributions (dividend)694€838€833▼
Directors or managers695€17k€17k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €240k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €28k | - | €43k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €21k | €30k | €29k | €30k | ▲ 2.6% |
| Other operating charges640/8 | €4k | €50k | €17k | €5k | €10k | ▲ 96.6% |
| Gross operating margin9900 | €224k | €220k | €215k | €202k | €278k | ▲ 37.5% |
| Operating profit (loss)9901 | €169k | €150k | €168k | €168k | €238k | ▲ 41.7% |
| Financial income75/76B | €7k | €9k | €10k | €11k | €17k | ▲ 51.1% |
| Recurring financial income75 | €7k | €9k | €10k | €11k | €17k | ▲ 51.1% |
| Financial charges65/66B | €4k | €10k | €12k | €11k | €10k | ▼ 6.7% |
| Recurring financial charges65 | €4k | €10k | €12k | €11k | €10k | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €172k | €149k | €166k | €168k | €244k | ▲ 45.6% |
| Income taxes67/77 | €27k | €34k | €41k | €39k | €76k | ▲ 94.0% |
| Profit (loss) for the period9904 | €144k | €115k | €125k | €129k | €169k | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €144k | €115k | €125k | €129k | €169k | ▲ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €947k | €1.40M | €1.66M | €1.65M | €1.77M | ▲ 6.8% |
| Fixed assets21/28 | €576k | €923k | €1.05M | €1.03M | €1.00M | ▼ 2.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €575k | €922k | €1.05M | €1.03M | €1.00M | ▼ 2.7% |
| Land and buildings22 | €574k | €922k | €1.05M | €1.03M | €1,000k | ▼ 2.6% |
| Furniture and vehicles24 | €1k | - | €3k | €2k | €919 | ▼ 52.5% |
| Financial fixed assets28 | €856 | €856 | €856 | €856 | €856 | = |
| Current assets29/58 | €372k | €480k | €606k | €625k | €766k | ▲ 22.6% |
| Amounts receivable after more than one year29 | €57k | €54k | €50k | €47k | €44k | ▼ 7.1% |
| Other amounts receivable291 | €57k | €54k | €50k | €47k | €44k | ▼ 7.1% |
| Amounts receivable within one year40/41 | €230k | €331k | €548k | €546k | €721k | ▲ 32.1% |
| Trade receivables40 | €3k | €81k | €152k | €66k | €153k | ▲ 131% |
| Other amounts receivable41 | €227k | €250k | €396k | €479k | €568k | ▲ 18.4% |
| Cash at bank and in hand54/58 | €85k | €95k | €7k | €32k | €294 | ▼ 99.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €989 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €947k | €1.40M | €1.66M | €1.65M | €1.77M | ▲ 6.8% |
| Equity10/15 | €444k | €542k | €649k | €760k | €911k | ▲ 19.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €152k | ▲ 8,065% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | - | €150k | - |
| Profit (loss) carried forward14 | €424k | €521k | €629k | €740k | €740k | ▲ 0.1% |
| Amounts payable17/49 | €503k | €861k | €1.01M | €894k | €857k | ▼ 4.2% |
| Amounts payable after more than one year17 | €412k | €385k | €358k | €331k | €303k | ▼ 8.4% |
| Financial debts170/4 | €412k | €385k | €358k | €331k | €303k | ▼ 8.4% |
| Amounts payable within one year42/48 | €91k | €476k | €648k | €562k | €549k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €27k | €27k | €28k | ▲ 0.9% |
| Financial debts43 | - | - | - | - | €226 | - |
| Credit institutions430/8 | - | - | - | - | €226 | - |
| Trade debts44 | €339 | €8k | €15k | €82 | €71 | ▼ 13.4% |
| Suppliers440/4 | €339 | €8k | €15k | €82 | €71 | ▼ 13.4% |
| Taxes, remuneration and social security45 | €18k | €3k | €69k | €57k | €68k | ▲ 18.7% |
| Taxes450/3 | €18k | €3k | €69k | €57k | €68k | ▲ 18.7% |
| Other amounts payable47/48 | €46k | €437k | €538k | €478k | €453k | ▼ 5.2% |
| Accrued charges and deferred income492/3 | - | - | €1k | €1k | €5k | ▲ 331% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144k | €115k | €125k | €129k | €169k | ▲ 30.9% |
| + Depreciation and write-downs630 | €51k | €21k | €30k | €29k | €30k | ▲ 2.6% |
| Operating cash flow (approximation) | €195k | €135k | €155k | €158k | €198k | ▲ 25.7% |
| Investment in fixed assets (approximation) | - | €-368k | €-157k | €-8k | €-2k | ▲ 76.3% |
| Change in cash | - | €10k | €-88k | €25k | €-32k | ▼ 229% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €169k ▲30.9%
Operating result €238k, net result €169k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €542k ▲21.9%
5 profitable years in a row build equity to €542k.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 5 days late
2019
31-12
Financial
Equity above €200kEq €238k ▲51%
2 profitable years in a row build equity to €238k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2012
Ground area
256 m²
Building footprint
113 m²
Volume, LiDAR
1,545 m³
Parcel 21673D0155/00E002, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
161
companies at this address
See who is registered here
1 establishment unit
QUERCUS
since 20122.217.343.190
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0155/00E002 | Brussels | 256 m² | 1 · 113 m² | 19.4 m · 5 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,308 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
Founded07-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.