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Q-DEVELOPMENTS

Active Private limited companyfounded 2011active for 15 yearsHoekstraat 165, 9160 LokerenKBO/BCE: BE 0839.810.063
Q-DEVELOPMENTS
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Overview

Lifetime

14 annual accounts with figures on one time axis
peak €5.8m (2022)
€4.6m▲ 74.8%
lowest -€51,391 (2016)
€172,484▲ 47.5%
peak €1.4m (2025)
€1.4m▲ 14.4%
€1.1m▲ 2.8%
peak 13.9 FTE (2022)
8.3 FTE▲ 45.6%
Board6 names since 2020
3 directorsFABRIEKAGE and 2 others
Owners3 names in the annual accounts
50%FABRIEKAGE and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Turnover from €2.6m to €4.6mResult from €116,963 to €172,484Staff from 5.7 FTE to 8.3 FTEPermanent representatives: Marc Marissen, Kevin Gevels and Da… 13-101 director appointed, 1 resignation, 1 statutory auditor reap… 19-03Equity from €1.2m to €1.4m

Key points

from the 2025 annual accounts

Equity

€1.4m ▲ 14.4%

Q-DEVELOPMENTS has made a profit without a break since 2017.

Turnover

€4.6m ▲ 74.8%
€2.6m2024€4.6m2025

Turnover rose in 2025 from €2.6m to €4.6m.

Staff

8.3 FTE from 13.9 in 2022

Between 2022 and 2025, 40% of the full-time equivalents disappeared.

Payment terms

42 days to suppliers
Suppliers
79 to 42
Customers
23 to 42

Q-DEVELOPMENTS pays its suppliers 37 days earlier than in 2024. Customers pay 19 days later.

Filings

14 annual accounts since 2012
AprilJune31 JulyOctober201520202025

Three of the last ten came late. The 2022 accounts came latest: 169 days after the end of the period.

Checked score

87
Excellent
Financially stronger than 52% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.2%▼ -0.3 percentage points vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Strong

80+3equity 54.8% of total assets
46-14short-term debt 30.1% · cash 7.1%
69-3return on assets 6.9%

Score breakdown

lowers risk
Figures for financial year 2025 (filed on 26-06-2026)
Founded in 2011
Equity €1.4m (54.8% of total assets)
Profit of €172,484 (financial year 2025)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 59% of them on solvency, 37% on liquidity, 34% on profitability and 79% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 34,693 companies had the same profile as Q-DEVELOPMENTS has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of Q-DEVELOPMENTS itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 34,693 companies, not a prediction for Q-DEVELOPMENTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €110,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.28 (2.24 in 2024), above the usual 1.5. Short-term debt is 30.1% and cash 7.1% of total assets. 45.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Figures for financial year 2025 (filed on 26-06-2026)
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.4m (54.8% of total assets)
NBB · annual accounts
lowers risk · Profit of €172,484 (financial year 2025)
NBB · annual accounts
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
44 days early
2023
12 days early
2022
169 days late
2021
122 days late
2020
31 days late
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 31 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 133 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

F
FABRIEKAGE
Daily manager, Van De Walle Davy
S
SESAM
Director, VAN POLLAERT Pol Odette, since 22-12-2020
QI
Quatra International
Director, Piet Van Pollaert, since 28-06-2024
MA
Moore Audit
Auditor, Marc Marissen
and 2 other shareholders

Shares in 1 company, Q-TEC

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0839810063
Permanent representatives: Marc Marissen, Kevin Gevels and Davy Van De Walle Gazette deed
1 director appointed, 1 resignation, 1 statutory auditor reappointed Resignation: Cavallo (class C director) · Permanent representatives: Piet Van Pollaert and Kevin Gevels · Appointment: Quatra International (class C director) · General meeting of 30-12-2024 · Gazette deed
Registered office moved to Lokeren New registered office: Hoekstraat 165, 9160 Lokeren · Appointment: MOORE AUDIT (statutory auditor) · Permanent representative: Marc MARISSEN · Board meeting of 13-01-2022 · Gazette deed
All 29 events

Comparable companies

same main activity, similar in size and age
Company
Q-DEVELOPMENTS Lokeren €4.6m 5.2% 54.8% 8.3
FEMACO Deinze €2.5m -4.2% -43.7% 5.5
SOUDOMECA INDUSTRIES Doische €2.0m -6.9% 43.3% 7
STEEL COATING CONCEPT Bastogne €1.2m -7.9% 21.5% 9
CCS STEEL Wielsbeke €7.3m 10.2% 50.3% 6.8
HAHBO Wijnegem €3.3m 13.7% 47.7% 5.9
Constructions LOUIS Rochefort €11.4m 10.9% 41.1% 15
-10%0%10%20%€2m€20m€200m€2bnQ-DEVELOPMENTSEBIT margin

Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Q-DEVELOPMENTS: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €1.6m and €5m, founded between 1994 and 2018.

Official details

Source: KBO
Status
Active since 28-09-2011Normal situation
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Joint committees
111Metal, mechanical and electrical engineering
209White-collar workers in metal manufacturing · annual accounts 2021
Establishment unit
2.203.018.0729160 Lokeren, since 30-09-2011
Financial year end
31 December
Peppol
Reachable since 02-12-2025
Company details

Annual accounts 2025

€4.6m▲ 74.8%
€172,484▲ 47.5%
€1.4m▲ 14.4%
€2.5m▲ 8.9%
Employeeson 31-12-2025
10▲ 66.7%
Filing
Filed on 26-06-2026, 35 days before the end of the filing period
Financials

Companies linked to Q-DEVELOPMENTS

Insights on Q-DEVELOPMENTS

Q-DEVELOPMENTS has existed since 2011. In 2013 turnover rose from €70,880 to €193,615.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 26-06-2026, 35 days before the deadline
€4.6m
▲ 74.8%
€237,909
▲ 31.1%
€356,192
▲ 16.8%
€290,768
▲ 21.0%
54.8%
▲ 2.7 percentage points
2.28
▲ 0.05

Money flows

of every €100 of turnover, €3.76 remains as profit in 2025

Balance sheet

balance sheet total €2.5m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

54.8%

Higher than 61% of 834 companies in 2025.

2.28

Higher than 65% of 826 companies in 2025.

6.9%

Higher than 67% of 831 companies in 2025.

Q-DEVELOPMENTS Middle half of the sector 80% of the sector Full accounts in fabricated metal products (NACE 25)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

Men and women14% women

7.1 men and 1.2 women in full-time equivalents in 2025.

€61,116

Staff costs divided by the average number of full-time equivalents.

+4 people

people who joined people who left

In 2025, 12 people joined and 8 left. Agency workers: 0.7 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012
Balance sheet: assets
20/58 2.5m2.3m2.3m2.4m1.9m565,782371,008215,10193,18451,726120,863207,178166,183171,216
20 -------0------
21/28 778,763741,296866,034969,021602,02052,522137,80336,2562,6553,17812,93025,75955,67849,563
21 1,0513,0215,6108,1996,90709961,992--2,9076,78211,62116,780
22/27 377,712338,274460,423560,822595,11352,522136,80734,2652,6553,17810,02418,97744,05732,783
22 -------0------
23 31,64514,13534,91055,04159,27735,4145106678259822,8335,2497,2908,469
24 62,93050,32774,16476,89534,17716,377135,19932,134--4,52810,56617,10523,812
25 195,210271,731348,252424,772501,293---------
26 1,0652,0813,0974,1133667321,0981,4641,8302,1962,6623,16219,662502
27 86,862------0------
28 400,000400,000400,000400,000---0------
280/1 400,000400,000400,000400,000----------
280 400,000400,000400,000400,000----------
29/58 1.7m1.6m1.5m1.4m1.3m513,259233,205178,84590,53048,549107,932181,419110,505121,653
29 -------0------
290 -------0------
291 -------0------
3 940,470870,096785,709681,227773,931203,5997,88841,99215,43812,43865,49690,49695,49695,569
30/36 888,781831,096785,709681,227740,701155,2967,88841,99215,43812,43865,49690,49695,49695,569
30/31 152,459163,020164,122113,683----------
32 66,523120,548106,1827,211----------
33 181,148114,61467,088237,538----------
34 488,651432,914448,318322,795----------
37 51,68939,000-033,23048,303-0------
40/41 587,419246,457566,607647,946304,151216,77697,26226,32530,20135,98433,02473,97515,00926,084
40 524,659167,166448,112305,358209,682189,39469,79921,54929,90735,98427,18967,47113,95024,200
41 62,75979,291118,495342,58994,46927,38227,4634,776294-5,8366,5031,0591,884
50/53 -------0------
54/58 177,924421,409111,24082,884184,93489,930126,820109,95144,1721269,41216,948--
490/1 11,93313,81013,61710,4426,5402,9541,235577719-----
Balance sheet: equity and liabilities
10/49 2.5m2.3m2.3m2.4m1.9m565,782371,008215,10193,18451,726120,863207,178166,183171,216
10/15 1.4m1.2m1.1m871,830498,248215,03998,11697,89834,967-32,43618,95533,317-7,828-18,357
10/11 68,60068,60068,60068,60068,60068,60068,60068,60068,60018,60018,60018,60018,60018,600
100 ------68,60068,60068,60018,60018,60018,60018,60018,600
101 -------0------
11 -------0------
1100/10 -------0------
12 -------0------
13 1.3m1.1m1.0m803,230429,648146,43929,51629,29814,71714,71714,71714,717--
130/1 -----0-0------
130 ------4,1004,0891,8601,8601,8601,860--
1311 -----0--------
1312 -------0------
1319 -------0------
132 -------0------
133 1.3m1.1m1.0m803,230429,648146,43925,41625,20912,85712,85712,85712,857--
14 -------0-48,350-65,753-14,363--26,428-36,957
15 -------0------
19 -------0------
16 -------0------
160/5 -------0------
160 -------0------
161 -------0------
162 -------0------
163 -------0------
164/5 -------0------
168 -------0------
17/49 1.1m1.1m1.3m1.5m1.4m350,743272,892117,20358,21784,162101,908173,861174,011189,573
17 375,822402,557552,283700,036525,10478,945100,13726,475--5839,8528,03119,893
170/4 375,822402,557552,283700,036525,10478,945100,13726,475--5839,8528,03119,893
172 119,527197,741274,799350,719----------
173 256,295204,816277,484327,177----------
174 --022,140----------
175 -------0------
176 -------0------
178/9 -------0------
42/48 751,971694,281711,656819,654845,260271,117171,27190,72958,21784,162101,325164,009165,979169,680
42 169,363151,025169,230172,343125,89829,16327,9776,832-1,7529,26912,28011,86117,807
43 5,14510,61114,55533,424---0----3,37618,887
430/8 5,14510,61114,55533,424---0----3,37618,887
439 -------0------
44 434,582446,139466,599490,649404,042155,49094,05845,57527,41231,75437,829101,10826,88334,530
440/4 434,582446,139466,599490,649404,042155,49094,05845,57527,41231,75437,829101,10826,88334,530
441 -------0------
46 ---012,334--0------
45 142,77086,50560,632122,70091,13554,54815,64312,2836,0111,9828,4688,4686,1722,000
450/3 76,67655,99912,48039,67044,04624,3355,2089,4575,5111,9828,4688,4685,172-
454/9 66,09430,50648,15283,03047,08930,21410,4352,826500---1,0002,000
47/48 1120641539211,85231,91533,59426,03824,79548,67445,75842,153117,68796,456
492/3 ---02,9646811,4830------
Income statement
70/76A 4.6m2.8m3.5m5.8m----------
70 4.6m2.6m3.6m5.8m----81,38212,730112,545233,884193,61570,880
71 25,197100,893-71,479-27,971----------
74 15,80219,64228,83411,725----------
76A 5,8658,689--09133,652--2,413-94,055--
9900 ----750,086333,552160,993105,87120,952-41,9301,090-26,67534,734-16,502
60/66A 4.4m2.6m3.2m5.3m----------
60/61 --------60,45557,312111,523260,791160,39487,382
60 2.8m1.7m2.0m3.9m----------
600/8 2.8m1.7m2.1m3.8m----------
609 -45,17716,506-175,96264,733----------
61 1.0m392,859490,006543,954----------
62 507,262376,365655,420748,317351,972157,226138,90132,325------
630 118,284123,426128,036123,72158,83413,99717,34810,0075235,68612,82914,29318,74417,823
631/4 ----07,620-0------
635/8 -------0------
640/8 5,6235,0136,0304,8357,6892,5072,8019312,1522,0817118421,2791,357
649 -------0------
66A -06,474-01,980-0------
9901 237,909181,516306,001507,286331,591150,2231,94362,60818,277-49,697-12,449-41,81014,712-35,682
75/76B 12,8912,3602,31811,5536,4159,9022,9405,2666870141241141664
75 12,8912,3602,31811,5536,4159,9022,9405,2666870141241141664
751 3,422-------------
752/9 9,4692,3602,31811,553----------
76B -------0------
65/66B 16,56718,13323,94413,3508,3442,8362,8903,0101,5611,6942,0542,8724,3241,939
65 16,56718,13323,94413,3508,3442,8362,8903,0101,5611,6942,0542,8724,3241,939
650 14,12916,77820,79911,965----------
652/9 2,4381,3553,1451,385----------
66B -------0------
9903 234,233165,743284,375505,489329,661157,2891,99264,86317,403-51,391-14,36349,61410,529-36,956
67/77 61,74948,78076,938131,90746,45240,3661,7741,932---8,468-1
670/3 61,74948,78076,938131,907----------
9904 172,484116,963207,437373,582283,209116,92321862,93117,403-51,391-14,36341,14510,529-36,957
789 -------0------
689 -------0------
9905 172,484116,963207,437373,582283,209116,92321862,93117,403-51,391-14,36341,14510,529-36,957
Appropriation of the result
9906 172,484116,963207,437373,582283,209116,92321814,581-48,350-65,753-14,36314,717-26,428-36,957
791/2 -------0------
691/2 172,484116,963207,437373,582283,209116,92321814,581---14,717--
691 -------0------
6920 -----0112,229---1,860--
6921 172,484116,963207,437373,582283,209116,92320712,352---12,857--
694/7 -------0------
694 -------0------
695 -------0------
696 -------0------
Social balance sheet
9087 8.35.710.913.96.63.22.50.8------
Men (FTE)1003 7.14.99.513----------
Women (FTE)1003 1.20.81.40.9----------
Agency workers1501 0.7--0.2----------
Hours worked1013 14,0619,66117,48323,17412,3105,3293,7241,314------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 80 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 26-06-2026.

Download as CSV

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 full format 26-06-2026 2026-00204932 PDF
31-12-2024 full format 17-06-2025 2025-00147070 PDF
31-12-2023 full format 19-07-2024 2024-00270719 PDF
31-12-2022 full format 16-01-2024 2024-00002078 PDF
31-12-2021 abbreviated format 30-11-2022 2022-20528846 PDF
31-12-2020 abbreviated format 31-08-2021 2021-62700493 PDF
31-12-2019 abbreviated format 16-07-2020 2020-31100230 PDF
31-12-2018 abbreviated format 11-06-2019 2019-17500125 PDF
31-12-2017 abbreviated format 04-07-2018 2018-28800572 PDF
31-12-2016 abbreviated format 14-06-2017 2017-17400439 PDF
31-12-2015 abbreviated format 20-07-2016 2016-33900581 PDF
31-12-2014 abbreviated format 07-08-2015 2015-40600461 PDF
31-12-2013 abbreviated format 31-07-2014 2014-38000064 PDF
31-12-2012 abbreviated format 01-08-2013 2013-38700508 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012
356,192304,943434,037631,007390,425164,22019,29072,61518,800-44,011379-27,51733,456-17,859
290,768240,390335,473497,304342,043130,92017,56572,93817,926-45,704-1,53455,43929,273-19,134
163,427-1,31147,923490,723608,33139,241118,89443,6090-4,066037524,85967,386
-243,485310,16928,355-102,04995,004-36,89016,86965,78044,045-9,286-7,536---
965,774857,491765,517602,846424,296242,14261,93488,11732,312-35,6146,60717,410-55,474-48,027
5.2%6.9%8.5%8.8%----22.5%--11.1%-17.9%7.6%-50.3%
54.8%52.2%46.1%36.5%26.6%38.0%26.4%45.5%37.5%-62.7%15.7%16.1%-4.7%-10.7%
2.282.242.081.741.501.891.361.971.560.581.071.110.670.72
1.030.980.970.900.591.141.321.511.290.430.420.550.090.15
0.820.921.171.742.761.632.781.201.66-5.385.22--
12.6%9.8%19.2%42.9%56.8%54.4%0.2%64.3%49.8%--75.8%123.5%--
6.9%5.1%8.9%15.6%15.1%20.7%0.1%29.3%18.7%-99.4%-11.9%19.9%6.3%-21.6%
25.2118.1820.8752.7446.79---------
42 days23 days46 days19 days----134 days1032 days88 days105 days26 days125 days
42 days79 days70 days41 days----165 days202 days124 days142 days61 days144 days

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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date10691310
full-time746119
part-time32321
in full-time equivalents9.55.78.312.79.8
8.35.710.913.96.6
On a permanent contract968139
Joined121243623
Left81583318
Agency workers, average number0.7--0.2-
Training hours021606752

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€196,585€274,799€350,719€425,516€509,351

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€163,427-€47,923€87,347€601,011
Intangible fixed assets---€3,375€7,320
Financial fixed assets---€400,000-
€118,284€123,426€128,036€123,721€58,834

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is Moore Audit.

Item20252024202320222021
Fee for the audit€5,665€5,432€5,120€4,926-

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on Q-DEVELOPMENTS

The operating result for 2025 is 31% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 47.8% to 45.2%. Equity and debt are higher.

Large changes and their cause
  • 2022 Staff (FTE) +111% on 2021. The accounts now follow the full format, last year the abbreviated format.

Board & ownership

Board

3 directors, 1 in day-to-day management, 1 auditor, last change in 2025
FABRIEKAGE BV
Class A director and day-to-day manager, permanent representative Van De Walle Davy
class A director since 22-12-2020 day-to-day manager appointed by deed of 26-01-2021 term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 26-06-2026
SESAM Comm.V
Class C director, permanent representative VAN POLLAERT Pol Odette
since 22-12-2020 term without a fixed end
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 26-06-2026
Quatra International
Class C director, permanent representative Piet Van Pollaert
since 28-06-2024 term without a fixed end
listed in the 2025 annual accounts, filed on 26-06-2026
Moore Audit
Statutory auditor, permanent representative Marc Marissen
current term since 28-06-2024 term until 15-06-2027
listed in the 2025 annual accounts, filed on 26-06-2026
FABRIEKAGE
Permanent representatives 3
Van De Walle Davy
Permanent representative, for FABRIEKAGE
appointed by deed of 26-01-2021
VAN POLLAERT Pol Odette
Permanent representative, for SESAM
appointed by deed of 26-01-2021
Piet Van Pollaert
Permanent representative, for Quatra International
appointed by deed of 19-03-2025

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
FABRIEKAGE
Class A director, Day-to-day manager
SESAM
Class C director
Quatra International
Class C director
Moore Audit
Statutory auditor
CAVALLO
Class C director
Van De Walle Davy
Manager
LeadershipBoardEarliermandate already running before its first mention
Mandates as a list
  • FABRIEKAGE
    • Class A director, from 22-12-2020 to date
    • Day-to-day manager, appointed by deed of 26-01-2021, still in office
  • SESAM
    • Class C director, from 22-12-2020 to date
  • Quatra International
    • Class C director, from 28-06-2024 to date
  • Moore Audit
    • Statutory auditor, from 30-07-2021 to date
  • CAVALLO
    • Class C director, from 22-12-2020 to 19-03-2025
  • Van De Walle Davy
    • Manager, until 26-01-2021

See the board, name and registered office on a given date →

Control

Shareholder
FABRIEKAGE
Equity €819,673
Profit €14,087 in 2025 (profit €37,686 in 2024)
50%
This company
Q-DEVELOPMENTS
Equity €1.4m
Profit €172,484 in 2025

and 4 other shareholders

Capital

Contribution
€68,600
Shares
368
Contribution per share
€186
Equity per share
€3,719 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
FABRIEKAGE
50%
50%
Quatra International
50%
consolidates
Quatra Transport
50%
50% until 2020
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 26-01-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 2 directors
“Onbezoldigd, tenzij algemene vergadering anders beslist”
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Zelfde rechten en verplichtingen behoudens waar Aandeelhoudersovereenkomst of statuten uitdrukkelijk anders bepalen”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Zoals in kennisgeving van overdracht, 9.2.7”
“9.2.8, alle overgedragen aandelen vrij overdraagbaar aan overnemer”
“Volledig volgrecht, 9.3.2”
“Artikel 9, overdraagbaar onder voorwaarden en beperkingen artikel 9 en Aandeelhoudersovereenkomst”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of June at 18:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Artikel 2:87 WVV zonder bijzondere machtiging, algemene vergadering”

Shareholders

5 owners

Owners 5

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyQ-DEVELOPMENTS1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE Q-Tec70% €370,893 result €64,766

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

At the same address

Hoekstraat 165, 9160 Lokeren · 5 other companies
QUATRA
registered office since 30-06-1998 · founded in 1998 · group Quatra International
 36 FTE (2025)
0463.636.640
Quatra International
registered office since 11-12-2020 · founded in 2020
 48 FTE (2025)
0759.707.562
OVER THE MOEN
registered office since 21-06-2021 · founded in 2021 · group Quatra International
 turnover €720,000 (2025)
0769.878.310
Quatra Transport
registered office since 14-10-2016 · founded in 2016 · negative equity (2025) · group Quatra International
 40 FTE (2025)
0664.659.341
Quatra Transport International
registered office since 08-02-2012 · founded in 2012 · group Quatra International
 24 FTE (2025)
0843.499.033

Earlier ties

Fraam Belgium
via FABRIEKAGE, no longer at Fraam Belgium · Director · deed of 09-04-2020
founded in 2019
 3.2 FTE (2025)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • Q-TECsubsidiary
    Equity €370,893 Profit of €64,766 in 2025 (profit of €98,198 in 2024) Checked score 86
    Sourceown accounts 2025
    70%
Holdings through the years 2022 to 2025
Holdings through the years
Name2022202320242025
Q-TEC 70%

Source: list of holdings in its own accounts

Connections & network

6 connected companies
Depth
EUROFAT, Shared corporate director EEUROFATOVER THE MOEN, Shared corporate director OTOVER THE MOENQ-BASE, Shared corporate director QQ-BASEQUATRA, Shared corporate director QQUATRAQuatra Transport International, Shared corporate director QTQuatra TransportInternationalWASABIO, Shared corporate director WWASABIOFraam Belgium, Shared corporate director FBFraam BelgiumQ-DEVELOPMENTS Q-DEVELOPME…0839.810.063
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
QUATRA
via SESAM and CAVALLO (at Q-DEVELOPMENTS until 2025) · Director · deeds of 01-10-2026 and 27-10-2020
Founded in 1998 · 36 FTE (2025) · group Quatra International
→
EUROFAT
via SESAM · Director · deed of 03-12-2025
Founded in 1988 · 10 FTE (2025) · group Quatra International
→
OVER THE MOEN
via SESAM and CAVALLO (at Q-DEVELOPMENTS until 2025) · deeds of 26-11-2024 and 07-09-2022
Founded in 2021 · turnover €720,000 (2025) · group Quatra International
→
Quatra Transport International
via SESAM · Director · deed of 21-03-2023
Founded in 2012 · 24 FTE (2025) · group Quatra International
→
Show 2 more companies with a shared director
Q-BASE
via FABRIEKAGE · Class A director · deed of 23-06-2025
Founded in 2025
→
WASABIO
via FABRIEKAGE · Director (not named in the articles) · deed of 18-12-2025
Founded in 2025
→

Timeline

Timeline

29 events since 2011

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 35 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0839810063
Permanent representatives: Marc Marissen, Kevin Gevels and Davy Van De Walle3 points ▸
  • Permanent representative, Marc Marissen
  • Permanent representative, Kevin Gevels
  • Permanent representative, Davy Van De Walle
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 44 days before the deadline
1 director appointed, 1 resignation, 1 statutory auditor reappointedResignation: Cavallo (class C director) · Permanent representatives: Piet Van Pollaert and Kevin Gevels · Appointment: Quatra International (class C director) · General meeting of 30-12-20247 points ▸
  • General meeting, 28-06-2024
  • Director resignation, Cavallo (class C director)
  • Permanent representative, Piet Van Pollaert, mentioned twice in the deed
  • Director appointment, Quatra International (class C director)
  • Auditor reappointment, Moore Audit (statutory auditor)
  • General meeting, 30-12-2024
  • Permanent representative, Kevin Gevels
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFfull format · 12 days before the deadline
Annual accounts 2022 filed PDFfull format · 169 days late
2023
Equity above €1m equity €1.1m ▲23.8% After 7 profitable years in a row, equity reaches €1.1m.
2022
Highest result from 2012 to 2025 net €373,582 ▲31.9% The operating result of €507,286 and the net result of €373,582 are both a record.
Equity above €500,000 equity €871,830 ▲75% After 6 profitable years in a row, equity reaches €871,830.
Annual accounts 2021 filed PDFabbreviated format · 122 days late
Registered office moved to LokerenNew registered office: Hoekstraat 165, 9160 Lokeren · Appointment: MOORE AUDIT (statutory auditor) · Permanent representative: Marc MARISSEN · Board meeting of 13-01-20225 points ▸
  • General meeting, 30-07-2021
  • Auditor appointment, MOORE AUDIT (statutory auditor)
  • Permanent representative, Marc MARISSEN
  • Board meeting, 13-01-2022
  • Registered-office move, Hoekstraat 165, 9160 Lokeren

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFabbreviated format · 31 days late
Company renamed from Q-DEVELOPMENTS ook gekend als Aquine, Aqlete en Luxpools to Q-DevelopmentsResignation: Van De Walle Davy (manager) · Appointments: FABRIEKAGE (class A director), SESAM (class C director) and CAVALLO (class C director) · Permanent representatives: Van De Walle Davy, VAN POLLAERT Pol Odette and VAN POLLAERT Piet · General meeting of 22-12-202013 points ▸
  • Power of attorney, Pierre De Brabander
  • Director resignation, Van De Walle Davy (manager)
  • Director discharge, Van De Walle Davy
  • Director appointment, FABRIEKAGE (class A director)
  • Permanent representative, Van De Walle Davy
  • Director appointment, SESAM (class C director)
  • Permanent representative, VAN POLLAERT Pol Odette
  • Director appointment, CAVALLO (class C director)
  • Permanent representative, VAN POLLAERT Piet
  • Registered office clause, Rechtstraat 436/A, 9160 Lokeren (Eksaarde)
  • Director appointment, FABRIEKAGE (day-to-day manager)
  • General meeting, 22-12-2020
  • Name change, Q-Developments
  • The deed holds 10 more points.

Open the deed in the Belgian Official Gazette

2020
Equity above €200,000 equity €215,039 ▲119% After 4 profitable years in a row, equity reaches €215,039.
Annual accounts 2019 filed PDFabbreviated format · 15 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 50 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 27 days before the deadline
2017
Back to profit net €17,403 The net result is €17,403, after 2 loss-making years.
Liquidity more than doubled current ratio 1.56 The current ratio rises from 0.58 to 1.56. Short-term debt falls from €84,162 to €58,217.
Annual accounts 2016 filed PDFabbreviated format · 47 days before the deadline
2016
Weakest financial year net -€51,391 The net result drops to -€51,391, the lowest from 2012 to 2025. It recovers the following year.
Annual accounts 2015 filed PDFabbreviated format · 11 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 7 days late
2014
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Back to profit net €10,529 The net result is €10,529, after one loss-making year.
Annual accounts 2012 filed PDFabbreviated format · 1 day late
2011
First establishment Hoekstraat 165, Lokeren
Incorporation PDFpublished on 12-10-2011

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 28 September 2011, Q-DEVELOPMENTS was incorporated.1 In 2021 the company took the name Q-Developments.2 The registered office was moved to Lokeren in 2022.3 Turnover went from €5.8m in 2022 to €4.6m in 2025 and headcount from 0.8 full-time equivalents in 2018 to 8.3 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 26-01-2021
  3. 3Belgian Official Gazette, 14-02-2022
  4. 4National Bank, annual accounts 2018, 2022 and 2025

Company details

Identity

Enterprise number
0839.810.063
VAT number
BE 0839.810.063
Peppol ID
0208:0839810063
Legal form
Private limited company
Status
Active, normal situation
Founded
28-09-2011
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of June at 18:00
deed of 26-01-2021 (in Dutch)
Peppol
Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Q-DEVELOPMENTS in Dutch
Former name
Q-DEVELOPMENTS ook gekend als Aquine, Aqlete en Luxpools until 22-12-2020 · deed of 26-01-2021
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 26-01-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 26-01-2021 (in Dutch)

Activities

NACEBEL 2025
VAT activities
25110 Manufacture of metal structures and parts of structures main activity
Social security (RSZ) activities
25110 Manufacture of metal structures and parts of structures main activity
Joint committees annual accounts 2021
JC 111 Metal, mechanical and electrical engineering
JC 209 White-collar workers in metal manufacturing
Codes under NACEBEL 2008
VAT activities
25110 Manufacture of metal structures and parts of structures main activity
Social security (RSZ) activities
25110 Manufacture of metal structures and parts of structures main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Productontwikkeling in het algemeen en meer bepaald het ontwikkelen van verzorgings-,revalidatie- en trainingsproducten voor zowel dieren…”
29 activities
  1. Productontwikkeling in het algemeen en meer bepaald het ontwikkelen van verzorgings-,revalidatie- en trainingsproducten voor zowel dieren als mensen,zoals onder meer: loopbanden,jacuzzi's,zwembaden,...
  2. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van sportmateriaal en allerhande toepassingen zoals verzorgings-,revalidatie- en trainingsproducten voor zowel dieren als mensen,zoals onder meer: loopbanden,jacuzzi's,zwembaden,...
  3. Metaalschrijnwerk,schrijnwerk in hout of kunststof
  4. Vervaardiging,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van metalen,houten of kunststofconstructiewerken en onderdelen daarvan
  5. Het leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van niet-zelfvervaardigde metalen constructiewerken en onderdelen daarvan
  6. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van buiten- en binnenschrijnwerk zowel in metaal,hout als kunststof: deuren,vensters,kozijnen,trappen,leuningen,muurkasten,inbouwkeukens,winkelinrichtingen,garagepoorten,(rol)luiken,zonneblinden,traliewerk,hekken,afsluitingen ...; geblindeerde deuren en brandwerende deuren...; serres,veranda's...
  7. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van al dan niet verplaatsbare tussenwanden,de bekleding van wanden en plafonds,zowel in metaal,hout als kunststof
  8. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van vloerbedekking,zowel in metaal,hout als kunststof
  9. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van houten staaflijsten,dakspanten,balken,liggers,kepers en meer algemeen alle artikelen van hout met onder meer toepassingen in de bouw
  10. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van parketvloeren en andere houten vloer- wand- en plafondbekleding
  11. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van meubels en modulaire meubelelementen voor de inbouwkeukens,meubels voor werkplaatsen,kantoormeubels,meubels voor restaurants,scholen... zowel in metaal,hout als kunststof
  12. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van speciale winkelmeubels,toonbanken,vitrines,rekken,... zowel in metaal,hout als kunststof
  13. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van kantoor-,winkel- en ateliermeubelen,badkamermeubels; zowel in metaal,hout als kunststof
  14. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van apparaten en materialen voor de installatie van centrale verwarming,loodgietermateriaal en verwarmingsinstallaties: buizen,pijpen,fittings,kranen,verbindingsstukken,rubberslangen,...
  15. Isolatiewerkzaamheden
  16. Glaszetten
  17. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van binnendeuren,scheidingswanden,spiegels,vensters... van glas
  18. Het schoorsteenvegen en schoonmaken van vuurplaatsen,kachels,ovens,ketels van centrale verwarming,ventilatiekanalen en uitlaatsystemen
  19. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van constructies van het caravantype,die al dan niet kunnen worden gesleept en eventueel voorzien zijn van wielen
  20. Het sorteren,schoonmaken en verbrijzelen van overig afval voor de productie van secundaire grondstoffen
  21. Het terugwinnen van metaal en overig afval
  22. Grondwerken
  23. Het maken,leveren,plaatsen,onderhouden,herstellen,verkopen,verhuren,leasen van zwembaden (al dan niet verwarmd),jacuzzi's,sauna's en dergelijke,randapparatuur en toebehoren
  24. Verkoop,in het groot en in het klein,onderhouden,herstellen,verhuren,leasen van machines,elektrische toestellen ... al dan niet met bedieningspersoneel
  25. De activiteiten van interieurarchitect en alle aanverwante activiteiten
  26. Het beheren van roerende goederen,met name aandelen in andere vennootschappen (holding); het nemen van belangen,op welke wijze ook,in andere vennootschappen en ondernemingen (holding)
  27. Het verlenen van diensten inzake management en bestuur aan andere vennootschappen of ondernemingen (management)
  28. Het verlenen van bijstand en hulp onder de meest verschillende vormen aan derden,en dit op het vlak van bestuur en organisatie,het verlenen van adviezen en intellectuele en administratieve hulp,het ter beschikking stellen aan derden onder welke vorm ook van benodigdheden,materiaal,instrumenten,hard- en software,het waarnemen van het beheer op alle niveaus,zowel voor eigen rekening als voor rekening of in deelneming met derden,van ondernemingen onder om het even welke vorm,en dit zonder enige beperking
  29. Het uitoefenen van bestuursmandaten in andere vennootschappen
deed of 26-01-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Hoekstraat 165 registered office 9160 Lokeren 30-09-2011 2.203.018.072

Buildings and parcels at the address

Ground area
5,900 m²

Location

registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
46007D0011/00A0005,900 m² - -

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