QUARTSON
Annual accounts 2025
abbreviated format, filed on 15-07-2026, 16 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €2.8m on 31-12-2025in euro
in euro
Position in the sector
24.3%
Higher than 29% of 2,077 companies in 2025.
0.55
Higher than 14% of 2,057 companies in 2025.
2.9%
Higher than 46% of 2,071 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
2.8m | 2.2m | 1.9m | 1.9m | 2.3m | 2.1m | 1.8m | 1.2m | 734,626 | 266,988 | 162,846 | 63,896 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | 0 | |
21/28 |
2.4m | 1.8m | 1.4m | 1.5m | 1.7m | 1.2m | 560,861 | 534,860 | 239,785 | 36,930 | 13,720 | 0 | |
21 |
6,809 | 4,750 | - | - | 55,047 | 65,200 | - | 4,951 | 9,901 | - | - | - | |
22/27 |
2.4m | 1.8m | 1.4m | 1.5m | 1.6m | 1.1m | 541,261 | 527,909 | 212,884 | 34,930 | 13,720 | - | |
22 |
2.4m | 1.7m | 1.3m | 1.4m | 1.3m | 622,412 | 358,006 | 371,790 | 95,000 | - | - | - | |
23 |
7,882 | 14,616 | 21,394 | 38,344 | 76,287 | 117,466 | 43,659 | 39,979 | 24,794 | - | - | - | |
24 |
33,558 | 56,010 | 78,096 | 49,049 | 172,455 | 277,350 | 127,997 | 99,992 | 72,394 | 34,930 | 13,720 | - | |
25 |
- | - | 512 | 1,023 | 50,285 | - | - | - | - | - | - | - | |
26 |
6,229 | 12,088 | 17,948 | 25,808 | 2,500 | 3,000 | 3,500 | 4,000 | 4,500 | - | - | - | |
28 |
2,000 | 2,000 | 19,600 | 19,600 | 19,600 | 19,600 | 19,600 | 2,000 | 17,000 | 2,000 | - | - | |
29/58 |
339,067 | 468,643 | 452,620 | 445,180 | 599,827 | 909,080 | 1.2m | 654,363 | 494,841 | 230,058 | 149,125 | 63,896 | |
3 |
104,100 | 129,100 | 184,100 | 186,000 | 128,500 | 128,500 | 106,500 | 36,500 | 36,500 | 23,500 | 14,500 | 3,890 | |
30/36 |
104,100 | 129,100 | 184,100 | 186,000 | 128,500 | 128,500 | 106,500 | 36,500 | 36,500 | 23,500 | 14,500 | 3,890 | |
40/41 |
142,550 | 127,383 | 36,112 | 202,031 | 337,813 | 265,510 | 767,204 | 387,856 | 206,316 | 123,671 | 131,750 | 1,077 | |
40 |
98,679 | 109,213 | 32,461 | 98,584 | 293,118 | 215,349 | 732,481 | 336,929 | 165,973 | 112,705 | 130,530 | 0 | |
41 |
43,871 | 18,170 | 3,651 | 103,447 | 44,695 | 50,161 | 34,723 | 50,927 | 40,343 | 10,966 | 1,220 | 1,077 | |
54/58 |
85,860 | 204,824 | 225,569 | 50,029 | 118,813 | 503,081 | 322,619 | 217,050 | 252,026 | 82,887 | 2,620 | 58,930 | |
490/1 |
6,557 | 7,336 | 6,839 | 7,120 | 14,701 | 11,989 | 3,439 | 12,957 | - | - | 255 | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
2.8m | 2.2m | 1.9m | 1.9m | 2.3m | 2.1m | 1.8m | 1.2m | 734,626 | 266,988 | 162,846 | 63,896 | |
10/15 |
675,298 | 966,780 | 871,893 | 812,834 | 594,340 | 497,319 | 121,436 | 70,639 | 70,567 | 21,946 | 28,016 | 16,524 | |
10/11 |
6,162 | 6,162 | 6,162 | 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 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
611,589 | 903,072 | 808,185 | 748,727 | 530,233 | 433,212 | 57,329 | 6,532 | 6,532 | 5,579 | 5,579 | 5,004 | |
130/1 |
1,848 | 1,848 | 1,848 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 907 | 907 | 332 | |
1311 |
1,848 | 1,848 | 1,848 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | 4,672 | 4,672 | 4,672 | 4,672 | 4,672 | |
133 |
609,740 | 901,223 | 806,336 | 746,867 | 528,373 | 431,352 | 55,469 | - | - | - | - | - | |
14 |
57,547 | 57,547 | 57,547 | 57,906 | 57,906 | 57,906 | 57,906 | 57,906 | 57,835 | 10,167 | 16,237 | 5,319 | |
17/49 |
2.1m | 1.3m | 1.0m | 1.1m | 1.7m | 1.6m | 1.6m | 1.1m | 664,059 | 245,042 | 134,829 | 47,373 | |
17 |
1.5m | 1.0m | 865,929 | 956,548 | 1.1m | 628,595 | 355,656 | 400,467 | 150,067 | 19,791 | - | - | |
170/4 |
1.5m | 1.0m | 865,929 | 956,548 | 1.1m | 626,595 | 353,656 | 398,467 | 148,067 | 17,791 | - | - | |
178/9 |
250 | 250 | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | |
42/48 |
611,815 | 235,551 | 133,806 | 170,875 | 606,355 | 951,883 | 1.3m | 718,117 | 508,525 | 225,250 | 134,829 | 47,373 | |
42 |
114,804 | 91,281 | 80,835 | 93,978 | 172,344 | 93,517 | 59,759 | 40,511 | 26,362 | 8,655 | - | - | |
43 |
- | - | - | - | 800 | - | - | - | - | 1 | - | - | |
430/8 |
- | - | - | - | 800 | - | - | - | - | 1 | - | - | |
44 |
77,495 | 70,992 | 7,917 | 3,855 | 259,732 | 355,102 | 675,751 | 340,338 | 150,048 | 187,048 | 92,996 | 30,353 | |
440/4 |
77,495 | 70,992 | 7,917 | 3,855 | 259,732 | 355,102 | 675,751 | 340,338 | 150,048 | 187,048 | 92,996 | 30,353 | |
45 |
21,089 | 21,299 | - | 28,482 | 713 | 378,992 | 329,064 | 286,674 | 209,635 | 5,696 | 8,261 | 16,415 | |
450/3 |
21,089 | 21,299 | - | 28,482 | 713 | 373,392 | 207,635 | 286,674 | 205,081 | 4,596 | 8,261 | 2,415 | |
454/9 |
- | 0 | - | - | - | 5,600 | 121,429 | - | 4,554 | 1,100 | - | 14,000 | |
47/48 |
398,426 | 51,979 | 45,054 | 44,559 | 172,766 | 124,271 | 218,341 | 50,594 | 122,480 | 23,850 | 33,572 | 605 | |
492/3 |
- | 2,969 | 816 | 120 | 1,161 | 3,358 | 616 | - | 5,468 | - | - | - | |
| Income statement | |||||||||||||
70 |
- | - | - | 2.0m | - | 3.2m | - | 2.4m | - | - | 319,872 | 109,383 | |
76A |
- | - | 6,113 | 123,885 | 5,522 | 89,130 | - | 8,289 | 5,596 | 1,350 | - | - | |
9900 |
336,979 | 397,779 | 332,887 | 538,547 | 477,150 | 791,601 | 814,161 | 318,518 | 443,233 | 16,664 | 16,786 | 13,804 | |
60/61 |
- | - | - | 1.6m | - | 2.6m | - | 2.1m | 1.0m | - | 303,236 | 95,579 | |
62 |
- | - | - | - | - | 749 | - | - | - | - | - | 761 | |
630 |
145,009 | 122,319 | 112,836 | 128,083 | 227,345 | 120,706 | 86,488 | 45,619 | 48,717 | 8,791 | 233 | - | |
640/8 |
6,307 | 7,866 | 20,249 | 61,538 | 57,515 | 65,463 | 57,164 | 5,378 | 2,617 | 836 | 428 | 0 | |
66A |
40,095 | 39,685 | 18,493 | 30,909 | 8,898 | 53,266 | - | -35,467 | - | 11,554 | - | - | |
9901 |
145,567 | 227,908 | 181,309 | 318,017 | 183,392 | 551,417 | 670,509 | 302,989 | 391,899 | -4,517 | 16,125 | 13,042 | |
75/76B |
514 | 698 | 34 | 817 | 524 | 47 | 38 | 99 | 24 | 3 | - | 333 | |
75 |
514 | 698 | 34 | 817 | 524 | 47 | 38 | 99 | 24 | 3 | - | 333 | |
65/66B |
31,593 | 19,729 | 20,348 | 19,858 | 28,070 | 9,954 | 10,601 | 8,689 | 2,232 | 1,556 | 50 | 32 | |
65 |
31,593 | 19,729 | 20,348 | 19,858 | 28,070 | 9,954 | 10,601 | 8,689 | 2,232 | 1,556 | 50 | 32 | |
9903 |
114,488 | 208,877 | 160,995 | 298,976 | 155,846 | 541,510 | 659,945 | 294,400 | 389,691 | -6,069 | 16,075 | 13,343 | |
67/77 |
32,420 | 58,865 | 97,433 | 80,482 | 58,825 | 165,627 | 204,386 | 90,328 | 134,820 | 1 | 4,582 | 2,214 | |
9904 |
82,068 | 150,012 | 63,561 | 218,494 | 97,021 | 375,883 | 455,559 | 204,071 | 254,871 | -6,070 | 11,493 | 11,130 | |
789 |
- | - | - | - | - | - | 4,672 | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | 4,672 | |
9905 |
82,068 | 150,012 | 63,561 | 218,494 | 97,021 | 375,883 | 460,231 | 204,071 | 254,871 | -6,070 | 11,493 | 6,458 | |
| Appropriation of the result | |||||||||||||
9906 |
139,615 | 207,559 | 121,468 | 276,401 | 154,927 | 433,790 | 518,138 | 261,906 | 265,038 | 10,167 | 16,812 | 6,458 | |
14P |
57,547 | 57,547 | 57,906 | 57,906 | 57,906 | - | - | - | - | - | - | - | |
791/2 |
373,551 | 55,125 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
82,068 | 150,012 | 63,921 | 218,494 | 97,021 | 375,883 | 55,469 | - | 953 | - | 575 | 332 | |
691 |
- | - | 359 | - | - | - | - | - | - | - | - | - | |
6920 |
82,068 | 150,012 | 63,561 | 218,494 | 97,021 | 375,883 | - | - | 953 | - | 575 | 332 | |
6921 |
- | - | - | - | - | - | 55,469 | - | - | - | - | - | |
694/7 |
373,551 | 55,125 | - | - | - | - | 404,762 | 204,000 | 206,250 | - | - | 806 | |
694 |
373,551 | 55,125 | - | - | - | - | 404,762 | 204,000 | 206,250 | - | - | 806 | |
| Document | |||||||||||||
The notes to these accounts have 15 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 15-07-2026.
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 | abbreviated format | 15-07-2026 | 2026-00293973 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00316219 | |
| 31-12-2023 | full format | 14-08-2024 | 2024-00343790 | |
| 31-12-2022 | full format | 28-09-2023 | 2023-00457258 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20367805 | |
| 31-12-2020 | full format | 29-10-2021 | 2021-75800412 | |
| 31-12-2019 | full format | 28-09-2020 | 2020-56000576 | |
| 31-12-2018 | full format | 25-09-2019 | 2019-65700415 | |
| 31-12-2017 | full format | 13-08-2018 | 2018-45400389 | |
| 31-12-2016 | full format | 22-08-2017 | 2017-47200381 | |
| 31-12-2015 | full format | 05-10-2016 | 2016-64800453 | |
| 31-12-2014 | full format | 09-10-2015 | 2015-64600442 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 290,577 | 350,228 | 294,145 | 446,100 | 410,737 | 672,123 | 756,997 | 348,608 | 440,616 | 4,274 | 16,357 | - | ||
| 227,078 | 272,331 | 176,397 | 346,578 | 324,366 | 496,589 | 542,047 | 249,690 | 303,588 | 2,720 | 11,725 | - | ||
| 927,823 | 477,850 | 86,299 | 143,723 | 796,422 | 793,204 | 112,490 | 408,388 | 251,572 | 32,000 | 13,953 | - | ||
| -118,964 | -20,745 | 175,539 | -68,784 | -384,268 | 180,462 | 105,569 | -34,976 | 169,138 | 80,267 | -56,310 | - | ||
| -272,748 | 233,092 | 318,814 | 274,306 | -6,528 | -42,802 | -83,153 | -63,754 | -13,683 | 4,808 | 14,296 | 16,524 | ||
| - | - | - | 15.8% | - | 17.0% | - | 12.5% | - | - | 5.0% | 11.9% | ||
| 24.3% | 43.4% | 46.6% | 41.9% | 25.8% | 23.9% | 6.9% | 5.9% | 9.6% | 8.2% | 17.2% | 25.9% | ||
| 0.55 | 1.99 | 3.38 | 2.61 | 0.99 | 0.96 | 0.94 | 0.91 | 0.97 | 1.02 | 1.11 | 1.35 | ||
| 0.38 | 1.44 | 2.01 | 1.52 | 0.78 | 0.82 | 0.85 | 0.86 | 0.90 | 0.92 | 1.00 | 1.27 | ||
| 3.12 | 1.30 | 1.15 | 1.39 | 2.88 | 3.18 | 13.50 | 15.84 | 9.41 | 11.17 | 4.81 | 2.87 | ||
| 12.2% | 15.5% | 7.3% | 26.9% | 16.3% | 75.6% | 375.1% | 288.9% | 361.2% | -27.7% | 41.0% | 67.4% | ||
| 2.9% | 6.7% | 3.4% | 11.3% | 4.2% | 18.1% | 25.9% | 17.2% | 34.7% | -2.3% | 7.1% | 17.4% | ||
| 9.20 | 17.75 | 14.46 | 22.46 | 14.63 | - | - | - | - | - | - | - | ||
| - | - | - | 18 days | - | 24 days | - | 51 days | - | - | 149 days | 0 days | ||
| - | - | - | 1 day | - | 51 days | - | 58 days | 53 days | - | 112 days | 116 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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €922,923 | €472,850 | €86,299 | €143,723 | €796,422 |
| Intangible fixed assets | €4,900 | €5,000 | - | - | - |
| €145,009 | €122,319 | €112,836 | €128,083 | €227,345 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on QUARTSON
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2016.
Debt's share of the balance-sheet total rises from 56.6% to 75.7%. Equity is lower and debt is higher.
- 2023 Net result -71% on 2022. The 2022 profit included a one-off income of €123,885.
- 2022 Net result +125% on 2021. The 2022 profit included a one-off income of €123,885.