QValue
Annual accounts 2025
micro format, filed on 02-04-2026, 120 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €300,000 and €630,000.
Balance sheet
balance sheet total €515,181 on 31-12-2025in euro
in euro
Position in the sector
58.7%
Higher than 53% of 41,211 companies in 2025.
2.81
Higher than 61% of 39,782 companies in 2025.
34.2%
Higher than 76% of 40,303 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
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 |
515,181 | 340,262 | 219,932 | 62,979 | |
21/28 |
849 | 1,574 | 1,010 | 1,395 | |
22/27 |
849 | 1,574 | 1,010 | 1,395 | |
24 |
849 | 1,574 | 1,010 | 1,395 | |
29/58 |
514,332 | 338,689 | 218,922 | 61,584 | |
40/41 |
93,972 | 57,534 | 60,917 | 7,173 | |
40 |
32,659 | 41,890 | 32,358 | 648 | |
41 |
61,313 | 15,643 | 28,559 | 6,525 | |
50/53 |
100,000 | 200,000 | - | - | |
54/58 |
313,446 | 80,152 | 157,590 | 52,912 | |
490/1 |
6,914 | 1,003 | 415 | 1,500 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
515,181 | 340,262 | 219,932 | 62,979 | |
10/15 |
302,654 | 302,654 | 178,454 | 56,786 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
13 |
292,654 | 292,654 | 168,454 | 46,786 | |
133 |
292,654 | 292,654 | 168,454 | 46,786 | |
16 |
29,734 | 28,846 | 29,415 | - | |
160/5 |
29,734 | 28,846 | 29,415 | - | |
164/5 |
29,734 | 28,846 | 29,415 | - | |
17/49 |
182,793 | 8,762 | 12,062 | 6,193 | |
42/48 |
182,793 | 8,762 | 12,062 | 6,193 | |
44 |
148 | 787 | 2,115 | 670 | |
440/4 |
148 | 787 | 2,115 | 670 | |
45 |
32,895 | 7,975 | 9,947 | 4,064 | |
450/3 |
32,895 | 7,975 | 9,947 | 4,064 | |
47/48 |
149,749 | - | - | 1,459 | |
| Income statement | |||||
9900 |
252,901 | 209,668 | 216,385 | 66,127 | |
630 |
724 | 454 | 385 | 146 | |
635/8 |
887 | -569 | 29,415 | - | |
640/8 |
- | - | - | 113 | |
9901 |
251,289 | 209,783 | 186,584 | 65,868 | |
75/76B |
10,553 | 2,064 | 749 | - | |
75 |
10,553 | 2,064 | 749 | - | |
65/66B |
31,377 | 34,633 | 3,859 | 600 | |
65 |
31,377 | 34,633 | 3,859 | 600 | |
9903 |
230,465 | 177,214 | 183,474 | 65,268 | |
67/77 |
54,289 | 53,014 | 61,805 | 18,482 | |
9904 |
176,176 | 124,200 | 121,669 | 46,786 | |
9905 |
176,176 | 124,200 | 121,669 | 46,786 | |
| Appropriation of the result | |||||
9906 |
176,176 | 124,200 | 121,669 | 46,786 | |
691/2 |
- | 124,200 | 121,669 | 46,786 | |
6921 |
- | 124,200 | 121,669 | 46,786 | |
694/7 |
176,176 | - | - | - | |
694 |
176,176 | - | - | - | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-04-2026.
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 |
|---|---|---|---|---|---|
| 252,013 | 210,237 | 186,969 | 66,014 | ||
| 176,900 | 124,654 | 122,054 | 46,931 | ||
| 0 | 1,018 | 0 | 1,541 | ||
| 233,294 | -77,438 | 104,678 | - | ||
| 331,539 | 329,927 | 206,860 | 55,391 | ||
| 58.7% | 88.9% | 81.1% | 90.2% | ||
| 2.81 | 38.66 | 18.15 | 9.94 | ||
| 0.60 | 0.03 | 0.07 | 0.11 | ||
| 58.2% | 41.0% | 68.2% | 82.4% | ||
| 34.2% | 36.5% | 55.3% | 74.3% | ||
| 8.03 | 6.07 | 48.45 | over 100 |
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 | - | €1,018 | - | €1,541 |
| €724 | €454 | €385 | €146 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on QValue
The operating result for 2025 is 20% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total rises from 2.6% to 35.5%. Debt is higher.