Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
QUALITY EXPRESSION from Ieper, company number BE0475027608, closed financial year 2024 with a result of € -10,780 after tax. For that financial year QUALITY EXPRESSION recorded a gross margin of € -8,741 and equity of € -17,198. Compared with financial year 2023, the result moved from € -4,795 to € -10,780. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2025.
€ -17,198
▼ € 10,780 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,780
▼ 125 % more loss than in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -64,598.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 14,364
▼ 21% vs 2023
Loans from banks and other lenders, long and short.
€ 3,337
▲ 10% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 825
▼ 28% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,594 | € 15,334 | € -658 | € -8,741 | ▼ € 8,084 |
| Profit after taxes | € -2,735 | € 11,022 | € -4,795 | € -10,780 | ▼ € 5,985 |
| Equity | € -12,645 | € -1,623 | € -6,418 | € -17,198 | ▼ € 10,780 |
| Total debts | € 22,772 | € 20,363 | € 27,219 | € 30,121 | ▲ 11% |
| Retained profit | € -60,045 | € -49,023 | € -53,818 | € -64,598 | ▼ € 10,780 |
| Bank debt | € 10,673 | € 9,843 | € 18,110 | € 14,364 | ▼ 21% |
| Balance sheet total | € 10,126 | € 18,740 | € 20,801 | € 12,924 | ▼ 38% |
Key figures of QUALITY EXPRESSION, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to QUALITY EXPRESSION?
What happened at QUALITY EXPRESSION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
QUALITY EXPRESSION is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 10,780. filed late Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,735 loss in 2021 to € 10,780 loss in 2024.
Best year ever: 2022, with € 11,022 profit.
Management
Behind QUALITY EXPRESSION is Danny Baert.
Directors
According to the 2024 annual accounts
Danny Baert
Director
Establishments
Establishment units
Physical locations of this company
Brugseweg 20
8900 Ieper
Schoolstraat 18
8870 Izegem
Active since 20 August 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.027.608
- VAT number
- BE 0475.027.608
- Registered office
- Brugseweg 20, 8900 Ieper
- Names & denominations
- QUALITY EXPRESSION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 19 June 2001
- Peppol
- Not registered
- Activities · NACE
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