Q-DEV
Annual accounts 2025
abbreviated format, filed on 29-06-2026, 32 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €150,000 and €220,000.
Balance sheet
balance sheet total €135,771 on 31-12-2025in euro
in euro
Position in the sector
7.8%
Higher than 19% of 3,406 companies in 2025.
1.07
Higher than 27% of 3,267 companies in 2025.
43.1%
Higher than 91% of 3,315 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
135,771 | 121,351 | 73,004 | 8,415 | |
21/28 |
1,217 | 2,152 | 1,359 | - | |
22/27 |
1,217 | 2,152 | 1,359 | - | |
24 |
1,217 | 2,152 | 1,359 | - | |
29/58 |
134,555 | 119,199 | 71,645 | 8,415 | |
40/41 |
12,228 | 11,934 | 14,308 | - | |
40 |
12,228 | 11,934 | 11,714 | - | |
41 |
- | - | 2,595 | - | |
50/53 |
30,000 | 30,000 | - | - | |
54/58 |
92,202 | 77,001 | 56,900 | 8,415 | |
490/1 |
124 | 264 | 437 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
135,771 | 121,351 | 73,004 | 8,415 | |
10/15 |
10,535 | 78,452 | 50,717 | -8,919 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
14 |
8,535 | 76,452 | 48,717 | -10,919 | |
17/49 |
125,236 | 42,899 | 22,287 | 17,334 | |
42/48 |
125,236 | 42,899 | 22,287 | 17,334 | |
44 |
901 | 1,148 | 834 | 3,012 | |
440/4 |
901 | 1,148 | 834 | 3,012 | |
45 |
38,018 | 39,846 | 21,453 | 5,716 | |
450/3 |
38,018 | 39,846 | 21,453 | 3,566 | |
454/9 |
- | - | - | 2,150 | |
47/48 |
86,318 | 1,905 | - | 8,606 | |
| Income statement | |||||
9900 |
75,633 | 79,979 | 73,330 | -8,282 | |
630 |
935 | 584 | 178 | - | |
640/8 |
753 | 341 | 389 | 2,582 | |
9901 |
73,945 | 79,054 | 72,763 | -10,864 | |
75/76B |
0 | - | - | - | |
75 |
0 | - | - | - | |
65/66B |
120 | 77 | 173 | 28 | |
65 |
120 | 77 | 173 | 28 | |
9903 |
73,826 | 78,977 | 72,590 | -10,893 | |
67/77 |
15,291 | 16,241 | 12,955 | 26 | |
9904 |
58,535 | 62,735 | 59,635 | -10,919 | |
9905 |
58,535 | 62,735 | 59,635 | -10,919 | |
| Appropriation of the result | |||||
9906 |
134,987 | 111,452 | 48,717 | -10,919 | |
14P |
76,452 | 48,717 | -10,919 | - | |
694/7 |
126,452 | 35,000 | - | - | |
694 |
126,452 | 35,000 | - | - | |
| Document | |||||
The notes to these accounts have 4 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 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 74,880 | 79,638 | 72,941 | - | ||
| 59,470 | 63,320 | 59,813 | - | ||
| 0 | 1,377 | 1,537 | - | ||
| 15,201 | 20,102 | 48,485 | - | ||
| 9,318 | 76,300 | 49,358 | -8,919 | ||
| 7.8% | 64.6% | 69.5% | -106.0% | ||
| 1.07 | 2.78 | 3.21 | 0.49 | ||
| 11.89 | 0.55 | 0.44 | - | ||
| 555.6% | 80.0% | 117.6% | - | ||
| 43.1% | 51.7% | 81.7% | -129.8% | ||
| over 100 | over 100 | over 100 | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,377 | €1,537 | - |
| €935 | €584 | €178 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Q-DEV
The operating result for 2025 is 6% lower than in 2024.
Debt's share of the balance-sheet total rises from 35.4% to 92.2%. Equity is lower and debt is higher.