ACTIVE

QSALT

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Financial year 2025 · closed on 30/06/2025

Net result

678,3 k €

+22.8% YoY

Gross margin

1,2 M €

-0.9% YoY

Equity

1,2 M €

+47.6% YoY

Workforce

4,6 ETP

-6.1% YoY

What does QSALT do?

QSALT is a Private limited company incorporated in 1967. Its main activity is: Non-specialised wholesale of food, beverages and tobacco. Its registered office is in Gistel. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.553.229

Incorporation

30/11/1967

Legal form

Private limited company

Registered office

Kalsijdebrug 12
8470 Gistel · FlandreSee on map

Contributed capital

55 776,04 €

Latest accounts

30/06/2025

Average workforce

4,6 ETP

Activities (NACE)

46392Non-specialised wholesale of food, beverages and tobacco· main 46392Non-specialised wholesale of food, beverages and tobacco 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51392Air transport 51550Air transport+12

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,2 M €	-0.9%	1,2 M €	+26.9%	915 k €	-4.9%	961,7 k €	+162%	367,4 k €	-51.0%	749,3 k €	+24.8%	600,2 k €	+4.0%	577,1 k €	+27.5%	452,5 k €	+10.7%	408,8 k €	-1.5%	414,8 k €	-27.5%	572,3 k €	+121%	258,6 k €	-67.4%	792 k €	+103%	391,1 k €	+1.7%	384,4 k €	+45.0%	265,1 k €	-13.4%	306,2 k €
EBITDA	839 k €	+3.6%	809,5 k €	+36.3%	594,1 k €	+35.5%	438,4 k €	+4298%	10 k €	-97.7%	440,7 k €	+39.7%	315,5 k €	+38.4%	227,9 k €	+61.4%	141,3 k €	+53.6%	92 k €	-52.3%	192,8 k €	-45.0%	350,4 k €	+873%	36 k €	-93.9%	593,1 k €	+124%	264,4 k €	+22.8%	215,4 k €	+101%	107 k €	-23.0%	138,9 k €
Operating result	763,9 k €	-0.3%	765,8 k €	+47.3%	519,8 k €	+88.9%	275,2 k €	+327%	-121,3 k €	-139%	310,7 k €	+55.0%	200,5 k €	+126%	88,8 k €	+267%	-53,3 k €	+30.1%	-76,2 k €	-2595%	3,1 k €	-98.1%	159,5 k €	+231%	-121,7 k €	-126%	463,9 k €	+273%	124,4 k €	+351%	27,6 k €	+112%	13 k €	-61.1%	33,4 k €
Net result	678,3 k €	+22.8%	552,5 k €	+44.2%	383 k €	+57.7%	242,9 k €	+281%	-134,4 k €	-158%	230,6 k €	+29.4%	178,3 k €	+159%	68,9 k €	+172%	-96 k €	-36.0%	-70,6 k €	-536%	16,2 k €	-87.6%	131 k €	+185%	-153,6 k €	-138%	403,7 k €	+338%	92,1 k €	+232%	27,8 k €	+2945%	911,7 €	-97.2%	32,8 k €
Balance sheet
Equity	1,2 M €	+47.6%	830,8 k €	+57.2%	528,3 k €	+1.5%	520,3 k €	+37.9%	377,4 k €	-26.3%	511,8 k €	+37.9%	371,2 k €	+31.2%	282,9 k €	+32.2%	214,1 k €	-30.9%	310 k €	-18.5%	380,6 k €	+4.4%	364,4 k €	+56.1%	233,4 k €	-39.7%	387 k €	-37.5%	619,3 k €	-0.0%	619,4 k €	+1.9%	607,9 k €	+0.2%	607 k €
Total assets	3,1 M €	+29.5%	2,4 M €	-2.6%	2,5 M €	+23.9%	2 M €	-3.3%	2,1 M €	+7.7%	1,9 M €	+25.9%	1,5 M €	+19.2%	1,3 M €	-21.3%	1,6 M €	-14.0%	1,9 M €	-0.3%	1,9 M €	-12.7%	2,2 M €	+31.2%	1,7 M €	-19.7%	2,1 M €	+28.5%	1,6 M €	+15.4%	1,4 M €	-6.0%	1,5 M €	-1.0%	1,5 M €
Cash	119,1 k €	+65.7%	71,9 k €	+3.7%	69,3 k €	+27.4%	54,4 k €	-37.3%	86,9 k €	+9.1%	79,7 k €	+8.2%	73,6 k €	-32.0%	108,3 k €	+121%	49 k €	+5.5%	46,4 k €	+20.0%	38,7 k €	-81.3%	206,5 k €	+130%	89,7 k €	-7.7%	97,1 k €	-84.2%	614,8 k €	+25.5%	490 k €	+53.1%	320,1 k €	-20.8%	404,3 k €
Debts	1,9 M €	+20.1%	1,6 M €	-18.7%	2 M €	+31.7%	1,5 M €	-12.4%	1,7 M €	+19.9%	1,4 M €	+22.0%	1,2 M €	+15.8%	1 M €	-29.3%	1,4 M €	-10.7%	1,6 M €	+4.3%	1,5 M €	-16.2%	1,8 M €	+27.1%	1,4 M €	-15.1%	1,7 M €	+70.7%	987,2 k €	+27.8%	772,1 k €	-11.5%	873 k €	-2.5%	895 k €
Other
Workforce	4,6 ETP	-6.1%	4,9 ETP	-15.5%	5,8 ETP	-4.9%	6,1 ETP	-11.6%	6,9 ETP	+3.0%	6,7 ETP	+9.8%	6,1 ETP	-24.7%	8,1 ETP	-6.9%	8,7 ETP	+14.5%	7,6 ETP	+38.2%	5,5 ETP	+27.9%	4,3 ETP	-15.7%	5,1 ETP	+45.7%	3,5 ETP	+16.7%	3,0 ETP	+25.0%	2,4 ETP	-4.0%	2,5 ETP	-51.0%	5,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

BEMINA

Director · since 01 juillet 2011 · 0836.622.723

Represented by Benoît Quatannens

Active

Ended mandates

BEMINA

Manager · since 01 juillet 2011 · 0836.622.723

Represented by Benoit Quatannens

Ended

QSALT

Manager · since 01 juillet 2011 · 0406.553.229

Represented by Benoit Quatannens

Ended

BENOIT QUATANNENS

Mandate

Ended

THIERRY QUATANNENS

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
BEMINA● Active	0836.622.723

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	21 months	12 months	12 months
Filing date	06/01/2026	14/01/2025	08/01/2024	05/01/2023	09/03/2021	29/04/2020
General meeting	24/12/2025	24/12/2024	27/12/2023	28/12/2022	23/02/2021	26/02/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	24/12/2025	06/01/2026	Dutch	PDF
Abridged model	30/06/2024	24/12/2024	14/01/2025	Dutch	PDF
Abridged model	30/06/2023	27/12/2023	08/01/2024	Dutch	PDF
Abridged model	30/06/2022	28/12/2022	05/01/2023	Dutch	PDF
Abridged model	30/09/2020	23/02/2021	09/03/2021	Dutch	PDF
Abridged model	30/09/2019	26/02/2020	29/04/2020	Dutch	PDF
Abridged model	30/09/2018	27/02/2019	27/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/11/2017	20/11/2017	Dutch	PDF
Abridged model	30/09/2016	22/02/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	24/02/2016	24/02/2016	Dutch	PDF
Abridged model	30/09/2014	25/02/2015	02/03/2015	Dutch	PDF
Abridged model	30/09/2013	11/12/2013	06/01/2014	Dutch	PDF
Abridged model	30/09/2012	27/02/2013	07/03/2013	Dutch	PDF
Abridged model	30/09/2011	22/02/2012	23/02/2012	Dutch	PDF
Abridged model	30/09/2010	23/02/2011	25/02/2011	Dutch	PDF
Abridged model	30/09/2009	24/02/2010	19/03/2010	Dutch	PDF
Abridged model	30/04/2008	17/10/2008	04/11/2008	Dutch	PDF
Abridged model	30/04/2007	26/10/2007	05/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

BEMINA

Director · since 01 juillet 2011 · 0836.622.723

Represented by Benoît Quatannens

Active

Ended mandates

BEMINA

Manager · since 01 juillet 2011 · 0836.622.723

Represented by Benoit Quatannens

Ended

QSALT

Manager · since 01 juillet 2011 · 0406.553.229

Represented by Benoit Quatannens

Ended

BENOIT QUATANNENS

Mandate

Ended

THIERRY QUATANNENS

Administrator - manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other11/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other19/04/2016
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/05/2009
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025678,3 k €↑
2024
Annual accounts 2024552,5 k €↑
2023
Annual accounts 2023383 k €↑
2022
Annual accounts 2022242,9 k €↑
2020
Annual accounts 2020-134,4 k €↓
2019
Annual accounts 2019230,6 k €↑
2018
Annual accounts 2018178,3 k €↑
2017
Annual accounts 201768,9 k €↑
2016
Annual accounts 2016-96 k €↓
2015
Annual accounts 2015-70,6 k €↓
2014
Annual accounts 201416,2 k €↓
2013
Annual accounts 2013131 k €↑
2012
Annual accounts 2012-153,6 k €↓
2011
Annual accounts 2011403,7 k €↑
2010
Annual accounts 201092,1 k €↑
2009
Annual accounts 200927,8 k €↑
2008
Annual accounts 2008911,7 €↓
2007
Annual accounts 200732,8 k €
30/11/1967
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

QSALT

Overview

What does QSALT do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline