QLUSTER
InactiveFinancials · financial year 2025, abbreviated format
Equity
€2.6m▲ 3.3%
2024 · €2.5m
Total assets
€3.5m▲ 6.1%
2024 · €3.3m
Net result
€81,585▼ 59.4%
2024 · €200,925
Working capital
-€523,133▼ 29.3%
2024 · -€404,649
Trend over the years
2021 to 2025, 5 financial years
The operating result stays negative: a loss of €3,597 in 2025 against €2,735 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.004m
2025
Net result€0.08m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.5m
2025
Equity€2.6m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.001m-€474-€0.003m-€0.003m▲ 21.1%-€0.004m▼ 31.5%
Net result-€0.01m-€0.2m€0.3m▲ 43.6%€0.2m▼ 30.4%€0.08m▼ 59.4%
Equity€1.9m-€2.0m▲ 6.3%€2.3m▲ 14.4%€2.5m▲ 8.8%€2.6m▲ 3.3%
Total assets€3.3m-€3.3m▼ 0.2%€3.3m▼ 0.1%€3.3m▼ 0.1%€3.5m▲ 6.1%
Debt€1.4m-€1.3m▼ 8.7%€1.0m▼ 22.4%€0.8m▼ 20.1%€0.9m▲ 14.9%
Working capital-€0.4m--€0.5m▼ 19.8%-€0.4m▲ 17.9%-€0.4m▲ 0.2%-€0.5m▼ 29.3%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€3.3m =
Current assets
€201,747 ▲ 595,201%
Equity and liabilities €3.5m
Equity
€2.6m ▲ 3.3%
Debt
€925,017 ▲ 14.9%
Debt's share of the balance-sheet total rises from 24.4% to 26.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.28▲
2024 · 0.00
Debt to equity
0.36▲
2024 · 0.32
ROE
3.2%▼
2024 · 8.1%
ROA
2.3%▼
2024 · 6.1%
Debt ≤ 1 year
€724,880▲
2024 · €404,683
Debt > 1 year
€200,000▼
2024 · €400,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €757 | €410 | €1,022 | €1,030 | €1,185 | ▲ 15.1% |
| Gross operating margin9900 | -€295 | €884 | -€2,445 | -€1,706 | -€2,411 | ▼ 41.4% |
| Operating profit (loss)9901 | -€1,052 | €474 | -€3,467 | -€2,735 | -€3,597 | ▼ 31.5% |
| Financial income75/76B | - | €210,000 | €300,000 | €210,000 | €90,000 | ▼ 57.1% |
| Recurring financial income75 | - | €210,000 | €300,000 | €210,000 | €90,000 | ▼ 57.1% |
| Financial charges65/66B | €11,720 | €9,508 | €8,007 | €6,339 | €4,819 | ▼ 24.0% |
| Recurring financial charges65 | €11,720 | €9,508 | €8,007 | €6,339 | €4,819 | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | -€12,772 | €200,966 | €288,526 | €200,925 | €81,585 | ▼ 59.4% |
| Profit (loss) for the period9904 | -€12,772 | €200,966 | €288,526 | €200,925 | €81,585 | ▼ 59.4% |
| Profit (loss) for the period to be appropriated9905 | -€12,772 | €200,966 | €288,526 | €200,925 | €81,585 | ▼ 59.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.3m | €3.3m | €3.3m | €3.5m | ▲ 6.1% |
| Fixed assets21/28 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Financial fixed assets28 | €3.3m | €3.3m | €3.3m | €3.3m | €3.3m | = |
| Current assets29/58 | €0.01m | €0.005m | €0.002m | €34 | €0.2m | ▲ 595,201% |
| Amounts receivable within one year40/41 | €0.01m | €249 | €0 | - | €0.2m | - |
| Trade receivables40 | €0.01m | €0 | - | - | - | - |
| Other amounts receivable41 | - | €249 | €0 | - | €0.2m | - |
| Cash at bank and in hand54/58 | - | €0.005m | €0.002m | €34 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.3m | €3.3m | €3.3m | €3.5m | ▲ 6.1% |
| Equity10/15 | €1.9m | €2.0m | €2.3m | €2.5m | €2.6m | ▲ 3.3% |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | - | €0.1m | €0.4m | €0.6m | €0.7m | ▲ 13.7% |
| Distributable reserves133 | - | €0.1m | €0.4m | €0.6m | €0.7m | ▲ 13.7% |
| Profit (loss) carried forward14 | -€0.01m | €0 | €0 | - | - | - |
| Amounts payable17/49 | €1.4m | €1.3m | €1.0m | €0.8m | €0.9m | ▲ 14.9% |
| Amounts payable after more than one year17 | €1.0m | €0.8m | €0.6m | €0.4m | €0.2m | ▼ 50.0% |
| Financial debts170/4 | €1.0m | €0.8m | €0.6m | €0.4m | €0.2m | ▼ 50.0% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.4m | €0.4m | €0.7m | ▲ 79.1% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial debts43 | - | - | - | - | €0.2m | - |
| Credit institutions430/8 | - | - | - | - | €0.2m | - |
| Trade debts44 | €0.009m | €62 | €0.001m | €99 | €0.001m | ▲ 541% |
| Suppliers440/4 | €0.009m | €62 | €0.001m | €99 | €0.001m | ▲ 541% |
| Taxes, remuneration and social security45 | €0.001m | €0 | €143 | €0 | - | - |
| Taxes450/3 | €0.001m | €0 | €143 | €0 | - | - |
| Other amounts payable47/48 | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 56.2% |
| Accrued charges and deferred income492/3 | €409 | €341 | €273 | €205 | €137 | ▼ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,772 | €200,966 | €288,526 | €200,925 | €81,585 | ▼ 59.4% |
| Operating cash flow (approximation) | -€12,772 | €200,966 | €288,526 | €200,925 | €81,585 | ▼ 59.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | -€2,649 | -€1,929 | -€34 | ▲ 98.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00274310 |
| 31-12-2024 | abbreviated format | 11-06-2025 | 2025-00133759 |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00166837 |
| 31-12-2022 | abbreviated format | 26-07-2023 | 2023-00271588 |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20183686 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.