CQTECH
Annual accounts 2025
micro format, filed on 18-06-2026, 43 days before the deadline€968,851
▲ 31.4%
-€68,774
▼ €10,362
-€70,185
▼ €11,642
€44,165
▼ 58.1%
19.3%
▼ 31.1 percentage points
1.19
▼ 0.66
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.1m. Estimated: probably between €1.8m and €2.7m.
Balance sheet
balance sheet total €286,453 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
19.3%
Higher than 21% of 35,136 companies in 2025.
1.19
Higher than 29% of 34,510 companies in 2025.
-24.5%
Higher than 7% of 34,711 companies in 2025.
CQTECH
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€38,405
Staff costs divided by the average number of full-time equivalents.
+3 people
people who joined
people who left
In 2025, 16 people joined and 13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
286,453 | 248,754 | 445,163 | 418,706 | 311,987 | 274,510 | 281,051 | 281,356 | 335,683 | 427,365 | 434,996 | 418,120 | 152,447 | 48,800 | |
21/28 |
11,209 | 20,138 | 27,800 | 21,453 | 4,016 | 308 | 617 | - | - | 3,067 | 6,693 | 11,354 | 2,249 | 419 | |
22/27 |
8,209 | 17,138 | 24,800 | 18,453 | 1,016 | 308 | 617 | - | - | 3,067 | 6,693 | 11,354 | 2,249 | 419 | |
23 |
2,842 | 4,034 | 5,226 | - | - | - | - | - | - | - | - | 502 | 989 | - | |
24 |
5,367 | 13,104 | 19,574 | 18,453 | 1,016 | 308 | 617 | - | - | 3,067 | 6,693 | 10,852 | 1,260 | 419 | |
28 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | - | - | - | - | - | - | - | - | - | |
29/58 |
275,244 | 228,616 | 417,363 | 397,253 | 307,971 | 274,202 | 280,434 | 281,356 | 335,683 | 424,298 | 428,303 | 406,766 | 150,198 | 48,381 | |
40/41 |
255,213 | 183,766 | 284,663 | 356,712 | 285,145 | 271,737 | 279,891 | 273,613 | 330,991 | 400,880 | 404,443 | 400,466 | 149,884 | 44,883 | |
40 |
246,764 | 180,901 | 281,108 | 354,595 | 283,990 | 271,212 | 274,879 | 272,164 | 323,872 | 393,673 | 403,579 | 399,031 | 146,720 | 44,078 | |
41 |
8,449 | 2,865 | 3,555 | 2,117 | 1,155 | 525 | 5,012 | 1,449 | 7,119 | 7,207 | 864 | 1,435 | 3,164 | 805 | |
54/58 |
19,031 | 43,850 | 132,700 | 40,541 | 22,826 | 2,465 | 543 | 4,742 | 4,692 | 23,418 | 23,860 | 6,300 | 314 | 3,498 | |
490/1 |
1,000 | 1,000 | - | - | - | - | - | 3,001 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
286,453 | 248,754 | 445,163 | 418,706 | 311,987 | 274,510 | 281,051 | 281,356 | 335,683 | 427,365 | 434,996 | 418,120 | 152,447 | 48,800 | |
10/15 |
55,374 | 125,559 | 184,102 | 240,424 | 183,981 | 170,288 | 227,078 | 242,644 | 273,335 | 300,529 | 253,896 | 190,125 | 62,578 | 23,674 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 874 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 874 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
47,314 | 117,499 | 176,042 | 232,364 | 175,921 | 162,228 | 219,018 | 234,584 | 265,275 | 292,469 | 245,836 | 182,065 | 54,518 | 16,600 | |
17/49 |
231,079 | 123,195 | 261,061 | 178,282 | 128,006 | 104,222 | 53,973 | 38,712 | 62,348 | 126,836 | 181,100 | 227,995 | 89,869 | 25,126 | |
42/48 |
231,079 | 123,195 | 261,061 | 178,282 | 128,006 | 104,222 | 53,973 | 38,712 | 62,348 | 126,836 | 181,100 | 227,995 | 89,869 | 25,126 | |
42 |
- | - | - | - | - | - | - | - | 4,192 | - | - | - | - | - | |
43 |
- | - | - | - | - | - | 473 | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | 473 | - | - | - | - | - | - | - | |
44 |
12,172 | 7,289 | 63,042 | 13,150 | 9,987 | 4,941 | 5,648 | 6,298 | 3,229 | 5,105 | 22,280 | 36,547 | 7,987 | 506 | |
440/4 |
12,172 | 7,289 | 63,042 | 13,150 | 9,987 | 4,941 | 5,648 | 6,298 | 3,229 | 5,105 | 22,280 | 36,547 | 7,987 | 506 | |
45 |
202,198 | 114,652 | 187,320 | 164,284 | 117,171 | 98,433 | 47,022 | 31,584 | 54,594 | 121,623 | 158,712 | 191,348 | 81,782 | 24,620 | |
450/3 |
14,289 | 4,332 | 10,625 | 9,401 | 3,839 | 712 | 1,879 | 1,719 | 22,460 | 53,694 | 82,185 | 73,647 | 28,982 | 9,881 | |
454/9 |
187,909 | 110,320 | 176,695 | 154,883 | 113,332 | 97,721 | 45,143 | 29,865 | 32,134 | 67,929 | 76,527 | 117,701 | 52,800 | 14,739 | |
47/48 |
16,709 | 1,254 | 10,699 | 848 | 848 | 848 | 830 | 830 | 333 | 108 | 108 | 100 | 100 | - | |
| Income statement | |||||||||||||||
9900 |
968,851 | 737,434 | 1.2m | 888,448 | 380,276 | 186,033 | 352,115 | 213,293 | 212,858 | 472,866 | 540,140 | 897,207 | 251,698 | 139,501 | |
62 |
1.0m | 773,735 | 1.2m | 825,424 | 364,004 | 241,978 | 366,574 | 242,261 | 235,891 | 399,350 | 444,089 | 715,798 | 197,610 | 111,604 | |
630 |
8,928 | 12,613 | 9,603 | 5,301 | 726 | 308 | 308 | - | 3,067 | 3,626 | 4,661 | 4,840 | 1,214 | 1,109 | |
640/8 |
3,272 | 9,498 | 3,136 | 1,119 | 1,197 | 170 | 737 | 950 | 705 | 1,050 | 544 | 511 | - | - | |
9901 |
-68,774 | -58,412 | -56,762 | 56,604 | 14,349 | -56,423 | -15,504 | -29,918 | -26,805 | 68,840 | 90,846 | 176,058 | 52,874 | 26,788 | |
75/76B |
- | - | 512 | 4 | - | - | 2 | - | - | 1 | 12 | 32 | 14 | 14 | |
75 |
- | - | 512 | 4 | - | - | 2 | - | - | 1 | 12 | 32 | 14 | 14 | |
65/66B |
1,411 | 131 | 72 | 165 | 656 | 367 | 64 | 773 | 389 | 814 | 350 | 225 | 49 | 171 | |
65 |
1,411 | 131 | 72 | 165 | 656 | 367 | 64 | 773 | 389 | 814 | 350 | 225 | 49 | 171 | |
9903 |
-70,185 | -58,543 | -56,322 | 56,443 | 13,693 | -56,790 | -15,566 | -30,691 | -27,194 | 68,027 | 90,508 | 175,865 | 52,839 | 26,631 | |
67/77 |
- | - | - | - | - | - | - | - | - | 21,394 | 26,737 | 48,318 | 13,935 | 9,157 | |
9904 |
-70,185 | -58,543 | -56,322 | 56,443 | 13,693 | -56,790 | -15,566 | -30,691 | -27,194 | 46,633 | 63,771 | 127,547 | 38,904 | 17,474 | |
9905 |
-70,185 | -58,543 | -56,322 | 56,443 | 13,693 | -56,790 | -15,566 | -30,691 | -27,194 | 46,633 | 63,771 | 127,547 | 38,904 | 17,474 | |
| Appropriation of the result | |||||||||||||||
9906 |
47,314 | 117,499 | 176,042 | 232,364 | 175,921 | 162,228 | 219,018 | 234,584 | 265,275 | 292,469 | 245,836 | 182,065 | 55,504 | 17,474 | |
14P |
117,499 | 176,042 | 232,364 | 175,921 | 162,228 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 986 | 874 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 986 | 874 | |
| Social balance sheet | |||||||||||||||
9087 |
26.7 | 23.3 | 34.6 | 26.7 | 15.7 | 12.4 | 14.4 | 9.4 | 8 | 15 | 13 | 24 | 15 | 4 | |
Hours worked1013 |
31,564 | 25,148 | 45,227 | 33,113 | 16,150 | 11,157 | 17,883 | 11,993 | 10,526 | 20,125 | 22,542 | 35,408 | 9,439 | 5,692 | |
| Document | |||||||||||||||
The notes to these accounts have 8 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 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00194406 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00271056 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00376650 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00433083 | |
| 31-12-2021 | micro format | 27-10-2022 | 2022-20477051 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54700574 | |
| 31-12-2019 | full format | 07-09-2020 | 2020-51500591 | |
| 31-12-2018 | full format | 26-08-2019 | 2019-53700160 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-46200094 | |
| 31-12-2016 | full format | 02-08-2017 | 2017-40500380 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-56200072 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-54400508 | |
| 31-12-2013 | full format | 29-09-2014 | 2014-61200455 | |
| 31-12-2012 | full format | 31-10-2013 | 2013-65000218 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -59,846 | -45,799 | -47,159 | 61,905 | 15,075 | -56,115 | -15,196 | - | -23,738 | 72,466 | 95,507 | 180,898 | 54,088 | 27,897 | ||
| -61,257 | -45,930 | -46,719 | 61,744 | 14,419 | -56,482 | -15,258 | - | -24,127 | 50,259 | 68,432 | 132,387 | 40,118 | 18,583 | ||
| -1 | 4,950 | 15,950 | 22,739 | 4,433 | -1 | 925 | - | 0 | 0 | 0 | 20,943 | 3,044 | 628 | ||
| -24,819 | -88,850 | 92,159 | 17,715 | 20,361 | 1,922 | -4,199 | 50 | -18,726 | -442 | 17,560 | 5,986 | -3,184 | - | ||
| 44,165 | 105,421 | 156,302 | 218,971 | 179,965 | 169,980 | 226,461 | 242,644 | 273,335 | 297,462 | 247,203 | 178,771 | 60,329 | 23,255 | ||
| 19.3% | 50.5% | 41.4% | 57.4% | 59.0% | 62.0% | 80.8% | 86.2% | 81.4% | 70.3% | 58.4% | 45.5% | 41.0% | 48.5% | ||
| 1.19 | 1.86 | 1.60 | 2.23 | 2.41 | 2.63 | 5.20 | 7.27 | 5.38 | 3.35 | 2.37 | 1.78 | 1.67 | 1.93 | ||
| 4.17 | 0.98 | 1.42 | 0.74 | 0.70 | 0.61 | 0.24 | 0.16 | 0.23 | 0.42 | 0.71 | 1.20 | 1.44 | 1.06 | ||
| -126.7% | -46.6% | -30.6% | 23.5% | 7.4% | -33.3% | -6.9% | -12.6% | -9.9% | 15.5% | 25.1% | 67.1% | 62.2% | 73.8% | ||
| -24.5% | -23.5% | -12.7% | 13.5% | 4.4% | -20.7% | -5.5% | -10.9% | -8.1% | 10.9% | 14.7% | 30.5% | 25.5% | 35.8% | ||
| -42.41 | -349.61 | -654.99 | over 100 | 22.98 | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 26 | 23 | 33 | 31 | 21 |
| full-time | 26 | 23 | 33 | 31 | 21 |
| in full-time equivalents | 26 | 23 | 33 | 31 | 21 |
| 26.7 | 23.3 | 34.6 | 26.7 | 15.7 | |
| On a permanent contract | 15 | 23 | 33 | 31 | 21 |
| Joined | 16 | 7 | 25 | 27 | 23 |
| Left | 13 | 17 | 23 | 17 | 14 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | €14,289 | €4,332 | - | - | - |
| Overdue social security (RSZ) debts | €84,889 | €33,241 | - | €62,119 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,950 | €15,950 | €22,739 | €1,433 |
| Financial fixed assets | - | - | - | - | €3,000 |
| €8,928 | €12,613 | €9,603 | €5,301 | €726 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CQTECH
The operating result for 2025 is a loss of €68,774, larger than the loss of €58,412 in 2024. It is the lowest result since 2012.
Debt's share of the balance-sheet total rises from 49.5% to 80.7%. Equity is lower and debt is higher.