QUES
ActiveSummary
QUES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.71M and a net result of €78k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency57▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.16 in 2024; short-term debt: 35.2% and cash: 0.5% of total assets), and 67.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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 2025Solvency, return and age of the figures
Solvency
32.4%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
44 d early
2023
47 d early
2022
19 d early
2021
2 d early
2020
30 d late
2019
on the day
← 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, abbreviated schema
Equity
€1.71M▲ 4.8%
2024 · €1.63M
2018: €1.14Mlowest in 8 years
2019: €1.32M▲ +16.3% vs 2018
2020: €1.19M▼ -10.2% vs 2019
2021: €1.18M▼ -1.1% vs 2020
2022: €1.39M▲ +18.6% vs 2021
2023: €1.52M▲ +8.7% vs 2022
2024: €1.63M▲ +7.4% vs 2023
2025: €1.71M▲ +4.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€5.27M▼ 4.9%
2024 · €5.54M
2018: €2.85Mlowest in 8 years
2019: €4.99M▲ +75.4% vs 2018
2020: €5.36M▲ +7.3% vs 2019
2021: €5.41M▲ +1.0% vs 2020
2022: €5.63M▲ +4.1% vs 2021
2023: €5.86M▲ +4.0% vs 2022highest in 8 years
2024: €5.54M▼ -5.4% vs 2023
2025: €5.27M▼ -4.9% vs 2024
2018 → 2025
Net result
€78k▼ 30.6%
2024 · €113k
2018: €1k
2019: €183k▲ +12337% vs 2018
2020: €-135k▼ -174% vs 2019lowest in 8 years
2021: €-13k▲ +90.1% vs 2020
2022: €219k▲ +1731% vs 2021highest in 8 years
2023: €102k▼ -53.4% vs 2022
2024: €113k▲ +10.6% vs 2023
2025: €78k▼ -30.6% vs 2024
2018 → 2025
Working capital
€-1.55M▼ 7.3%
2024 · €-1.44M
2018: €-278khighest in 8 years
2019: €-913k▼ -228% vs 2018
2020: €-671k▲ +26.5% vs 2019
2021: €-1.42M▼ -112% vs 2020
2022: €-1.50M▼ -5.6% vs 2021
2023: €-1.55M▼ -3.0% vs 2022lowest in 8 years
2024: €-1.44M▲ +6.9% vs 2023
2025: €-1.55M▼ -7.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.18M-€1.39M▲ 18.6%€1.52M▲ 8.7%€1.63M▲ 7.4%€1.71M▲ 4.8%
2021: €1.18Mlowest in 5 years
2022: €1.39M▲ +18.6% vs 2021
2023: €1.52M▲ +8.7% vs 2022
2024: €1.63M▲ +7.4% vs 2023
2025: €1.71M▲ +4.8% vs 2024highest in 5 years
Operating result€30k-€292k▲ 884%€219k▼ 25.1%€271k▲ 24.1%€242k▼ 11.0%
2021: €30klowest in 5 years
2022: €292k▲ +884% vs 2021highest in 5 years
2023: €219k▼ -25.1% vs 2022
2024: €271k▲ +24.1% vs 2023
2025: €242k▼ -11.0% vs 2024
Net result€-13k-€219k€102k▼ 53.4%€113k▲ 10.6%€78k▼ 30.6%
2021: €-13klowest in 5 years
2022: €219k▲ +1731% vs 2021highest in 5 years
2023: €102k▼ -53.4% vs 2022
2024: €113k▲ +10.6% vs 2023
2025: €78k▼ -30.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.27M
Fixed assets
€4.96M ▼ 5.7%
Current assets
€305k ▲ 10.4%
Equity and liabilities €5.27M
Equity
€1.71M ▲ 4.8%
Provisions
€3k =
Debt
€3.56M ▼ 9.0%
Debt's share of the balance-sheet total falls from 70.5% to 67.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.47M▼
2024 · €1.48M
Cash flow
€1.30M▼
2024 · €1.32M
Current ratio
0.16▲
2024 · 0.16
Quick ratio
0.07▼
2024 · 0.14
Debt to equity
2.08▼
2024 · 2.40
ROE
4.6%▼
2024 · 6.9%
ROA
1.5%▼
2024 · 2.0%
Interest coverage
8.92▼
2024 · 9.32
Debt ≤ 1 year
€1.85M▲
2024 · €1.72M
Debt > 1 year
€1.71M▼
2024 · €2.19M
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.54M€5.27M▼
Fixed assets21/28€5.26M€4.96M▼
Intangible fixed assets21€36k€26k▼
Tangible fixed assets22/27€4.03M€3.74M▼
Land and buildings22€808k€716k▼
Plant, machinery and equipment23€580k€584k▲
Leasing and similar rights25€2.64M€2.44M▼
Financial fixed assets28€1.20M€1.20M=
Current assets29/58€276k€305k▲
Stocks and contracts in progress3€33k€177k▲
Stocks30/36€33k€177k▲
Amounts receivable within one year40/41€212k€94k▼
Trade receivables40€190k€59k▼
Other amounts receivable41€22k€35k▲
Cash at bank and in hand54/58€25k€25k▲
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€5.54M€5.27M▼
Equity10/15€1.63M€1.71M▲
Contributions10/11€577k€577k=
Reserves13€628k€628k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€619k€619k=
Profit (loss) carried forward14€424k€502k▲
Provisions and deferred taxes16€3k€3k=
Deferred taxes168€3k€3k=
Amounts payable17/49€3.91M€3.56M▼
Amounts payable after more than one year17€2.19M€1.71M▼
Financial debts170/4€2.19M€1.71M▼
Other amounts payable178/9€135€135=
Amounts payable within one year42/48€1.72M€1.85M▲
Current portion of amounts payable after more than one year42€880k€1.07M▲
Financial debts43€425k€500k▲
Other loans439€425k€500k▲
Trade debts44€157k€230k▲
Suppliers440/4€157k€230k▲
Other amounts payable47/48€255k€49k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.21M€1.23M▲
Other operating charges640/8€18k€19k▲
Gross operating margin9900€1.50M€1.49M▼
Operating profit (loss)9901€271k€242k▼
Financial income75/76B€10€1k▲
Recurring financial income75€10€1k▲
Financial charges65/66B€159k€164k▲
Recurring financial charges65€159k€164k▲
Profit (loss) for the period before taxes9903€113k€78k▼
Profit (loss) for the period9904€113k€78k▼
Profit (loss) for the period to be appropriated9905€113k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€424k€502k▲
Profit (loss) brought forward from the previous period14P€311k€424k▲
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €16k | €178k | - | - | - | - |
| Remuneration, social security and pensions62 | €-8k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.05M | €1.19M | €1.24M | €1.21M | €1.23M | ▲ 1.3% |
| Other operating charges640/8 | €16k | €34k | €18k | €18k | €19k | ▲ 2.0% |
| Gross operating margin9900 | €1.09M | €1.51M | €1.48M | €1.50M | €1.49M | ▼ 0.9% |
| Operating profit (loss)9901 | €30k | €292k | €219k | €271k | €242k | ▼ 11.0% |
| Financial income75/76B | €206 | €45 | €1 | €10 | €1k | ▲ 10,770% |
| Recurring financial income75 | €206 | €45 | €1 | €10 | €1k | ▲ 10,770% |
| Financial charges65/66B | €43k | €73k | €117k | €159k | €164k | ▲ 3.5% |
| Recurring financial charges65 | €43k | €73k | €117k | €159k | €164k | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | €-13k | €219k | €102k | €113k | €78k | ▼ 30.6% |
| Transfer from deferred taxes780 | - | €3k | - | - | - | - |
| Income taxes67/77 | - | €3k | - | - | - | - |
| Profit (loss) for the period9904 | €-13k | €219k | €102k | €113k | €78k | ▼ 30.6% |
| Transfer from tax-exempt reserves789 | - | €7k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-13k | €226k | €102k | €113k | €78k | ▼ 30.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.41M | €5.63M | €5.86M | €5.54M | €5.27M | ▼ 4.9% |
| Fixed assets21/28 | €4.80M | €5.23M | €5.36M | €5.26M | €4.96M | ▼ 5.7% |
| Intangible fixed assets21 | €43k | €39k | €46k | €36k | €26k | ▼ 27.1% |
| Tangible fixed assets22/27 | €3.55M | €3.99M | €4.11M | €4.03M | €3.74M | ▼ 7.3% |
| Land and buildings22 | €746k | €758k | €741k | €808k | €716k | ▼ 11.3% |
| Plant, machinery and equipment23 | €1.45M | €980k | €639k | €580k | €584k | ▲ 0.6% |
| Furniture and vehicles24 | €6k | €3k | €1k | - | - | - |
| Leasing and similar rights25 | €1.36M | €2.25M | €2.73M | €2.64M | €2.44M | ▼ 7.7% |
| Financial fixed assets28 | €1.20M | €1.20M | €1.20M | €1.20M | €1.20M | = |
| Current assets29/58 | €615k | €405k | €499k | €276k | €305k | ▲ 10.4% |
| Stocks and contracts in progress3 | €58k | €33k | €33k | €33k | €177k | ▲ 442% |
| Stocks30/36 | €58k | €33k | €33k | €33k | €177k | ▲ 442% |
| Amounts receivable within one year40/41 | €547k | €338k | €465k | €212k | €94k | ▼ 55.7% |
| Trade receivables40 | €547k | €316k | €434k | €190k | €59k | ▼ 68.8% |
| Other amounts receivable41 | - | €22k | €31k | €22k | €35k | ▲ 59.0% |
| Cash at bank and in hand54/58 | €10k | €34k | €86 | €25k | €25k | ▲ 1.7% |
| Deferred charges and accrued income490/1 | - | - | €1k | €7k | €9k | ▲ 26.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.41M | €5.63M | €5.86M | €5.54M | €5.27M | ▼ 4.9% |
| Equity10/15 | €1.18M | €1.39M | €1.52M | €1.63M | €1.71M | ▲ 4.8% |
| Contributions10/11 | €557k | €557k | €577k | €577k | €577k | = |
| Capital10 | €557k | €557k | - | - | - | - |
| Issued capital100 | €557k | €557k | - | - | - | - |
| Reserves13 | €632k | €628k | €628k | €628k | €628k | = |
| Non-distributable reserves130/1 | €53k | €56k | - | - | - | - |
| Legal reserve130 | €53k | €56k | - | - | - | - |
| Tax-exempt reserves132 | €14k | €6k | €9k | €9k | €9k | = |
| Distributable reserves133 | €566k | €566k | €619k | €619k | €619k | = |
| Profit (loss) carried forward14 | €-13k | €209k | €311k | €424k | €502k | ▲ 18.4% |
| Provisions and deferred taxes16 | €6k | €3k | €3k | €3k | €3k | = |
| Deferred taxes168 | €6k | €3k | €3k | €3k | €3k | = |
| Amounts payable17/49 | €4.23M | €4.23M | €4.34M | €3.91M | €3.56M | ▼ 9.0% |
| Amounts payable after more than one year17 | €2.19M | €2.30M | €2.27M | €2.19M | €1.71M | ▼ 22.2% |
| Financial debts170/4 | €2.18M | €2.30M | €2.27M | €2.19M | €1.71M | ▼ 22.2% |
| Other amounts payable178/9 | €9k | €135 | €135 | €135 | €135 | = |
| Amounts payable within one year42/48 | €2.04M | €1.91M | €2.05M | €1.72M | €1.85M | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | €1.07M | €1.32M | €1.21M | €880k | €1.07M | ▲ 21.9% |
| Financial debts43 | €575k | €325k | €329k | €425k | €500k | ▲ 17.6% |
| Credit institutions430/8 | - | - | €4k | - | - | - |
| Other loans439 | €575k | €325k | €325k | €425k | €500k | ▲ 17.6% |
| Trade debts44 | €233k | €153k | €112k | €157k | €230k | ▲ 46.7% |
| Suppliers440/4 | €233k | €153k | €112k | €157k | €230k | ▲ 46.7% |
| Taxes, remuneration and social security45 | €45k | - | - | - | - | - |
| Taxes450/3 | €41k | - | - | - | - | - |
| Remuneration and social security454/9 | €4k | - | - | - | - | - |
| Other amounts payable47/48 | €110k | €105k | €395k | €255k | €49k | ▼ 80.8% |
| Accrued charges and deferred income492/3 | - | €30k | €23k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-13k | €219k | €102k | €113k | €78k | ▼ 30.6% |
| + Depreciation and write-downs630 | €1.05M | €1.19M | €1.24M | €1.21M | €1.23M | ▲ 1.3% |
| Operating cash flow (approximation) | €1.04M | €1.41M | €1.34M | €1.32M | €1.30M | ▼ 1.4% |
| Investment in fixed assets (approximation) | - | €-1.62M | €-1.37M | €-1.11M | €-923k | ▲ 17.1% |
| Change in cash | - | €24k | €-34k | €25k | €410 | ▼ 98.3% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €219k
Net result €219k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-135k
Net result drops to €-135k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Meerhout · 1 establishment unit since 1990
Ground area
1.1 ha
Building footprint
3,111 m²
Volume, LiDAR
18,749 m³
Parcel 13021A1497/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
QuES
since 19902.049.267.233
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021A1497/00D000 | Flanders | 1.1 ha | 1 · 3,111 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,103 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,103 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Graspop
BE 0460.530.363
Dessel · Eq €1,702,304
STAPOTECH
BE 0474.476.785
Hamont-Achel · Eq €1,681,580
HOME HENRY
BE 0893.599.533
Koksijde · Eq €1,759,609
NEW ALTERNATIVE
BE 0469.636.683
Manage · Eq €1,770,748
SOUND & LIGHT ENGINEERING
BE 0842.155.582
Overijse · Eq €1,772,998
Of 3,393 companies in sector 90393 we hold annual accounts for 939. 327 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
Founded26-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
46180Agents specialised in the wholesale of other particular products
90202Performing arts by artistic ensembles
Scores and ratios are computed by Checked and are not a credit decision.