CQM PROGRESS
Annual accounts 2025
micro format, filed on 05-11-2026, 97 days late€31,941
▼ 26.6%
€10,064
▲ 629%
€9,561
▲ 738%
€10,491
▲ 11×
27.0%
▲ 23.3 percentage points
1.36
▲ 0.33
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €87,000 and €350,000.
Balance sheet
balance sheet total €40,179 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
27.0%
Higher than 40% of 13,807 companies in 2025.
1.36
Higher than 42% of 13,189 companies in 2025.
23.8%
Higher than 86% of 13,367 companies in 2025.
CQM PROGRESS
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff
€16,050
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2025, 2 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
40,179 | 35,134 | 38,076 | 58,263 | 62,722 | 49,591 | 62,809 | 58,064 | 65,999 | 73,714 | 60,106 | 72,040 | 65,079 | 15,374 | 6,593 | 9,710 | 11,930 | 7,458 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 240 | 480 | 720 | 960 | - | |
21/28 |
363 | 363 | 363 | 363 | 363 | 363 | 363 | 363 | 363 | 1,929 | 4,226 | 6,886 | 6,888 | 240 | 1,730 | 5,481 | 9,231 | 6,200 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,200 | |
22/27 |
- | - | - | - | - | - | - | - | - | 1,566 | 4,226 | 6,886 | 6,888 | - | 1,250 | 4,761 | 8,271 | 5,000 | |
23 |
- | - | - | - | - | - | - | - | - | - | 1,094 | 2,188 | 623 | - | 1,250 | 4,761 | 8,271 | 5,000 | |
26 |
- | - | - | - | - | - | - | - | - | 1,566 | 3,132 | 4,698 | 6,265 | - | - | - | - | - | |
28 |
363 | 363 | 363 | 363 | 363 | 363 | 363 | 363 | 363 | 363 | - | - | - | - | - | - | - | - | |
29/58 |
39,816 | 34,771 | 37,713 | 57,900 | 62,359 | 49,228 | 62,446 | 57,701 | 65,636 | 71,785 | 55,880 | 65,154 | 58,191 | 15,134 | 4,863 | 4,229 | 2,699 | 1,258 | |
3 |
27,241 | 24,337 | 32,496 | 35,900 | 43,130 | 47,050 | 50,759 | 50,604 | 53,173 | 51,679 | 52,467 | 47,558 | 37,367 | 1,412 | 4,167 | 903 | 794 | - | |
30/36 |
27,241 | 24,337 | 32,496 | 35,900 | 43,130 | 47,050 | 50,759 | 50,604 | 53,173 | 51,679 | 52,467 | 47,558 | 37,367 | 1,412 | 4,167 | 903 | 794 | - | |
40/41 |
6,845 | 3,150 | 4,272 | - | - | - | 6,707 | 786 | 1,855 | 2,122 | 403 | 1,237 | 14,023 | 13,440 | 585 | 3,011 | 1,250 | 1,180 | |
40 |
3,805 | 240 | 1,362 | - | - | - | 6,707 | 786 | 1,489 | 2,122 | 403 | 1,237 | 6,379 | 13,440 | - | 2,890 | 976 | - | |
41 |
3,040 | 2,910 | 2,910 | - | - | - | - | - | 366 | - | - | - | 7,644 | - | 585 | 121 | 274 | 1,180 | |
54/58 |
5,730 | 7,284 | 945 | 22,000 | 19,229 | 2,178 | 4,980 | 6,108 | 10,608 | 17,984 | 3,010 | 16,359 | 6,801 | 282 | 111 | 315 | 655 | 78 | |
490/1 |
- | - | - | - | - | - | - | 203 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
40,179 | 35,134 | 38,076 | 58,263 | 62,722 | 49,591 | 62,809 | 58,064 | 65,999 | 73,714 | 60,106 | 72,040 | 65,079 | 15,374 | 6,593 | 9,710 | 11,930 | 7,458 | |
10/15 |
10,854 | 1,293 | 152 | 10,525 | 25,293 | 10,752 | 10,471 | 8,266 | 20,434 | 16,450 | 9,205 | 12,683 | 4,270 | 938 | -8,755 | -5,360 | -641 | -1,978 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
100 |
- | - | - | - | - | - | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | - | - | - | - | - | |
130/1 |
100 | 100 | 100 | 100 | 100 | 100 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 100 | 100 | 100 | 100 | 100 | 100 | 100 | - | - | - | - | - | |
1311 |
100 | 100 | 100 | 100 | 100 | 100 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
9,754 | 193 | -948 | 9,425 | 24,193 | 9,652 | 9,371 | 7,166 | 19,334 | 15,350 | 8,105 | 11,583 | 3,170 | -62 | -9,755 | -6,360 | -1,641 | -2,978 | |
17/49 |
29,325 | 33,841 | 37,924 | 47,738 | 37,429 | 38,839 | 52,338 | 49,798 | 45,565 | 57,264 | 50,901 | 59,357 | 60,809 | 14,436 | 15,348 | 15,070 | 12,571 | 9,436 | |
42/48 |
29,325 | 33,841 | 37,924 | 47,154 | 37,429 | 38,704 | 52,338 | 49,798 | 45,565 | 57,264 | 50,901 | 59,357 | 60,809 | 14,436 | 15,348 | 15,070 | 12,571 | 9,436 | |
44 |
3,010 | 2,621 | 4,835 | 3,118 | 891 | 334 | 3,736 | 2,193 | 2,135 | 3,053 | 2,192 | 2,178 | 5,689 | - | 51 | - | - | - | |
440/4 |
3,010 | 2,621 | 4,835 | 3,118 | 891 | 334 | 3,736 | 2,193 | 2,135 | 3,053 | 2,192 | 2,178 | 5,689 | - | 51 | - | - | - | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | - | - | - | |
45 |
5,860 | 7,969 | 7,903 | 13,014 | 6,714 | 4,889 | 9,078 | 8,432 | 4,859 | 8,738 | 3,693 | 7,709 | 2,838 | 2,155 | 16 | 46 | 46 | - | |
450/3 |
3,088 | 4,619 | 5,403 | 7,169 | 5,069 | 4,889 | 4,783 | 5,403 | 2,609 | 6,128 | 2,643 | 6,209 | 2,838 | 2,155 | 16 | 46 | 46 | - | |
454/9 |
2,772 | 3,350 | 2,500 | 5,845 | 1,645 | - | 4,295 | 3,029 | 2,250 | 2,610 | 1,050 | 1,500 | - | - | - | - | - | - | |
47/48 |
20,455 | 23,251 | 25,186 | 31,022 | 29,824 | 33,481 | 39,524 | 39,173 | 38,571 | 45,473 | 45,016 | 49,470 | 52,282 | 12,281 | 14,281 | 15,024 | 12,525 | 9,436 | |
492/3 |
- | - | - | 584 | - | 135 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
76A |
- | - | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
31,941 | 43,495 | 55,165 | 44,387 | 50,109 | 36,846 | 46,453 | 28,618 | 27,993 | 25,494 | 83 | 13,515 | 8,143 | 11,839 | 441 | -535 | 6,155 | -2,975 | |
62 |
20,865 | 41,407 | 64,585 | 58,400 | 27,745 | 35,984 | 43,416 | 39,078 | 21,005 | 6,891 | 88 | - | - | - | - | - | - | - | |
630 |
- | - | - | - | - | - | - | - | 1,566 | 2,660 | 2,660 | 2,660 | 2,014 | 1,490 | 3,751 | 3,750 | 3,750 | - | |
640/8 |
1,012 | 708 | 832 | 646 | 756 | 510 | 890 | 861 | 1,384 | 686 | 950 | 497 | 504 | 375 | 348 | 348 | 609 | - | |
9901 |
10,064 | 1,380 | -10,252 | -14,659 | 21,608 | 352 | 2,147 | -11,321 | 4,038 | 15,257 | -3,615 | 10,358 | 5,625 | 9,974 | -3,658 | -4,633 | 1,796 | -2,975 | |
75/76B |
109 | 17 | - | - | 23 | 44 | 162 | 172 | 197 | 208 | 241 | 71 | - | - | 307 | 3 | - | - | |
75 |
109 | 17 | - | - | 23 | 44 | 162 | 172 | 197 | 208 | 241 | 71 | - | - | 307 | 3 | - | - | |
65/66B |
612 | 256 | 121 | 109 | 90 | 115 | 104 | 115 | 251 | 220 | 118 | 33 | 531 | 175 | 44 | 89 | 459 | 3 | |
65 |
612 | 256 | 121 | 109 | 90 | 115 | 104 | 115 | 251 | 220 | 118 | 33 | 531 | 175 | 44 | 89 | 459 | 3 | |
9903 |
9,561 | 1,141 | -10,373 | -14,768 | 21,541 | 281 | 2,205 | -11,264 | 3,984 | 15,245 | -3,492 | 10,396 | 5,094 | 9,799 | -3,395 | -4,719 | 1,337 | -2,978 | |
67/77 |
- | - | - | - | - | - | - | 904 | - | - | -14 | 1,983 | 1,762 | 106 | - | - | - | - | |
9904 |
9,561 | 1,141 | -10,373 | -14,768 | 21,541 | 281 | 2,205 | -12,168 | 3,984 | 15,245 | -3,478 | 8,413 | 3,332 | 9,693 | -3,395 | -4,719 | 1,337 | -2,978 | |
9905 |
9,561 | 1,141 | -10,373 | -14,768 | 21,541 | 281 | 2,205 | -12,168 | 3,984 | 15,245 | -3,478 | 8,413 | 3,332 | 9,693 | -3,395 | -4,719 | 1,337 | -2,978 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
9,754 | 193 | -948 | 9,425 | 31,193 | 9,652 | 9,371 | 7,166 | 19,334 | 23,350 | 8,105 | 11,583 | 3,270 | -62 | -9,755 | -6,360 | -1,641 | -2,978 | |
14P |
193 | -948 | 9,425 | 24,193 | 9,652 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 100 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 100 | - | - | - | - | - | |
694/7 |
- | - | - | - | 7,000 | - | - | - | - | 8,000 | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | 7,000 | - | - | - | - | 8,000 | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
1.3 | 1.1 | 2.3 | 2.6 | - | 1.9 | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
743 | 1,227 | 2,397 | 2,593 | - | 2,001 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 05-11-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 97 days after the deadline. Filed on 5 November 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00603060.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-11-2026 | 2026-00603060 | |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00498452 | |
| 31-12-2023 | micro format | 24-10-2024 | 2024-00512872 | |
| 31-12-2022 | micro format | 28-11-2023 | 2023-00516966 | |
| 31-12-2021 | micro format | 16-11-2022 | 2022-20520589 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58300222 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-62800372 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-53600344 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-65500441 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47600489 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-55100438 | |
| 31-12-2014 | full format | 24-09-2015 | 2015-59700082 | |
| 31-12-2013 | full format | 26-08-2014 | 2014-57100123 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-52400223 | |
| 31-12-2011 | full format | 30-08-2012 | 2012-47800564 | |
| 31-12-2010 | full format | 23-08-2011 | 2011-41900258 | |
| 31-12-2009 | full format | 10-08-2010 | 2010-39500357 | |
| 31-12-2008 | full format | 21-09-2009 | 2009-76700216 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | 5,604 | 17,917 | -955 | 13,018 | 7,639 | 11,464 | 93 | -883 | 5,546 | - | ||
| - | - | - | - | - | - | - | - | 5,550 | 17,905 | -818 | 11,073 | 5,346 | 11,183 | 356 | -969 | 5,087 | - | ||
| - | - | - | - | - | - | - | - | 0 | 363 | 0 | 2,658 | 8,662 | 0 | 0 | 0 | 6,781 | 6,200 | ||
| -1,554 | 6,339 | -21,055 | 2,771 | 17,051 | -2,802 | -1,128 | -4,500 | -7,376 | 14,974 | -13,349 | 9,558 | 6,519 | 171 | -204 | -340 | 577 | - | ||
| 10,491 | 930 | -211 | 10,746 | 24,930 | 10,524 | 10,108 | 7,903 | 20,071 | 14,521 | 4,979 | 5,797 | -2,618 | 698 | -10,485 | -10,841 | -9,872 | -8,178 | ||
| 27.0% | 3.7% | 0.4% | 18.1% | 40.3% | 21.7% | 16.7% | 14.2% | 31.0% | 22.3% | 15.3% | 17.6% | 6.6% | 6.1% | -132.8% | -55.2% | -5.4% | -26.5% | ||
| 1.36 | 1.03 | 0.99 | 1.23 | 1.67 | 1.27 | 1.19 | 1.16 | 1.44 | 1.25 | 1.10 | 1.10 | 0.96 | 1.05 | 0.32 | 0.28 | 0.21 | 0.13 | ||
| 0.43 | 0.31 | 0.14 | 0.47 | 0.51 | 0.06 | 0.22 | 0.14 | 0.27 | 0.35 | 0.07 | 0.30 | 0.34 | 0.95 | 0.05 | 0.22 | 0.15 | 0.13 | ||
| 2.70 | 26.17 | - | 4.54 | 1.48 | 3.61 | 5.00 | 6.02 | 2.23 | 3.48 | 5.53 | 4.68 | 14.24 | - | - | - | - | - | ||
| 88.1% | 88.2% | - | -140.3% | 85.2% | 2.6% | 21.1% | -147.2% | 19.5% | 92.7% | -37.8% | 66.3% | 78.0% | - | - | - | - | - | ||
| 23.8% | 3.2% | -27.2% | -25.3% | 34.3% | 0.6% | 3.5% | -21.0% | 6.0% | 20.7% | -5.8% | 11.7% | 5.1% | 63.0% | -51.5% | -48.6% | 11.2% | -39.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 2 | 3 |
| part-time | 2 | 1 | 2 | 3 |
| in full-time equivalents | 1.1 | 0.6 | 1.2 | 1.8 |
| 0.7 | 0.7 | 1.4 | 1.7 | |
| On a permanent contract | 1 | 1 | 2 | 2 |
| Joined | 2 | 0 | 0 | 1 |
| Left | 1 | 1 | 1 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Insights on CQM PROGRESS
The operating result for 2025 is 7.3 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 96.3% to 73.0%. Equity is higher and debt is lower.