ACTIVE

Q.S.A.S.

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Financial year 2024 · closed on 31/12/2024

Net result

50 k €

+241.5% YoY

Gross margin

87,1 k €

+193.1% YoY

Equity

356,4 k €

+16.3% YoY

What does Q.S.A.S. do?

Q.S.A.S. is a Private limited company incorporated in 1990. Its main activity is: Technical testing and analysis. Its registered office is in Flobecq.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.050.585

Incorporation

10/07/1990

Legal form

Private limited company

Registered office

Puvinage 4 box B
7880 Flobecq · WallonieSee on map

Contributed capital

2 478,94 €

Latest accounts

31/12/2024

Activities (NACE)

71209Technical testing and analysis· main 71209Technical testing and analysis

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	87,1 k €	+193%	29,7 k €	-1.3%	30,1 k €	+0.3%	30 k €	+384%	6,2 k €	-82.8%	36,2 k €	-74.5%	141,8 k €	-59.5%	349,8 k €	-30.3%	502,2 k €	-5.3%	530,3 k €	-17.8%	644,7 k €	-18.7%	793,4 k €	-22.0%	1 M €	+37.5%	739,7 k €	+30.2%	568 k €	+407%	112,1 k €	+17.8%	95,2 k €	+767%	11 k €	+9.7%	10 k €
EBITDA	85,2 k €	+209%	27,6 k €	-0.7%	27,8 k €	+5.6%	26,3 k €	+17151%	-154,2 €	-100%	33,2 k €	+270%	-19,5 k €	-199%	19,8 k €	+74.6%	11,3 k €	+49.4%	7,6 k €	-91.8%	92,7 k €	+55.6%	59,6 k €	-63.0%	160,9 k €	+834%	17,2 k €	-91.4%	201,3 k €	+516%	32,7 k €	+83.3%	17,8 k €	+83.2%	9,7 k €	+8.6%	9 k €
Operating result	80 k €	+246%	23,1 k €	+18.4%	19,5 k €	+11.5%	17,5 k €	+464%	-4,8 k €	-117%	28,3 k €	+213%	-25 k €	-274%	14,3 k €	+172%	5,3 k €	+501%	878,9 €	-98.9%	83,6 k €	+70.0%	49,2 k €	-67.3%	150,2 k €	+6102%	-2,5 k €	-101%	186,7 k €	+638%	25,3 k €	+83.2%	13,8 k €	+123%	6,2 k €	+12.6%	5,5 k €
Net result	50 k €	+241%	14,6 k €	+19.3%	12,3 k €	+2.8%	11,9 k €	+310%	-5,7 k €	-124%	24,2 k €	+192%	-26,2 k €	-305%	12,8 k €	+345%	2,9 k €	-61.9%	7,5 k €	-88.1%	63,4 k €	-9.7%	70,2 k €	+104%	34,5 k €	+415%	-10,9 k €	-109%	121 k €	+616%	16,9 k €	+78.8%	9,4 k €	+82.8%	5,2 k €	+14.4%	4,5 k €
Balance sheet
Equity	356,4 k €	+16.3%	306,4 k €	+5.0%	291,8 k €	+4.4%	279,5 k €	+4.5%	267,6 k €	-2.2%	273,6 k €	+9.7%	249,4 k €	-9.5%	275,5 k €	+4.9%	262,7 k €	-15.0%	309,1 k €	-7.9%	335,5 k €	+23.3%	272,1 k €	+34.8%	201,8 k €	+20.6%	167,3 k €	-6.1%	178,3 k €	+211%	57,3 k €	+41.8%	40,4 k €	+30.5%	31 k €	+20.0%	25,8 k €
Total assets	390 k €	+20.9%	322,5 k €	+5.0%	307,2 k €	+0.5%	305,5 k €	-2.1%	312,1 k €	+9.8%	284,2 k €	-15.7%	337,2 k €	-16.1%	401,8 k €	-1.2%	406,6 k €	-31.8%	596 k €	+5.9%	562,7 k €	-12.2%	641,1 k €	+38.6%	462,5 k €	-11.0%	519,9 k €	-0.3%	521,5 k €	+118%	239,1 k €	+34.1%	178,4 k €	+30.0%	137,2 k €	+21.8%	112,7 k €
Cash	347,1 €	-97.8%	15,9 k €	+554%	2,4 k €		–		11,6 k €		–		21,9 k €	-19.7%	27,3 k €	-49.8%	54,3 k €	-18.1%	66,4 k €	+119%	30,3 k €	+17.3%	25,9 k €	-81.2%	137,2 k €		–		72,7 k €	+71.8%	42,3 k €	+253%	12 k €		–		5,9 k €
Debts	33,6 k €	+121%	15,2 k €	-1.4%	15,4 k €	-40.8%	26 k €	-41.6%	44,6 k €	+318%	10,7 k €	-87.9%	87,9 k €	-30.4%	126,3 k €	-12.2%	143,8 k €	-49.9%	286,9 k €	+26.3%	227,2 k €	-38.4%	369 k €	+41.6%	260,6 k €	-26.1%	352,6 k €	+2.7%	343,3 k €	+88.8%	181,8 k €	+31.8%	138 k €	+29.9%	106,2 k €	+23.2%	86,2 k €
Other
Workforce	–		–		–		–		–		–		1,7 ETP	-56.4%	3,9 ETP	-32.8%	5,8 ETP	0.0%	5,8 ETP	-31.8%	8,5 ETP	-5.6%	9,0 ETP	-19.6%	11,2 ETP	0.0%	11,2 ETP	+75.0%	6,4 ETP	+540%	1,0 ETP	-23.1%	1,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 17 ended

Active mandates

Denis Hubert Decubber

Managing director · since 31 mars 2021

Active

Jean-François DECUBBER

Director · since 31 mars 2021

Active

Jean-Sébastien DECUBBER

Director · since 31 mars 2021

Active

Valérie DECUBBER

Director · since 31 mars 2021

Active

Ended mandates

Denis DECUBBER

Managing director · since 07 avril 2021

Ended

Jean-Sébastien DECUBBER

Director · since 07 avril 2021

Ended

Valérie DECUBBER

Director · since 04 avril 2021

Ended

Denis DECUBBER

Managing director · since 31 mars 2021

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2025	30/07/2024	25/08/2023	19/08/2022	30/07/2021	15/07/2020
General meeting	02/07/2025	18/07/2024	11/07/2023	08/07/2022	11/05/2021	12/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	02/07/2025	30/07/2025	French	PDF
Micro model	31/12/2023	18/07/2024	30/07/2024	French	PDF
Micro model	31/12/2022	11/07/2023	25/08/2023	French	PDF
Micro model	31/12/2021	08/07/2022	19/08/2022	French	PDF
Micro model	31/12/2020	11/05/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	15/07/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	17/08/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	16/05/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	29/05/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	08/06/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	10/06/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	14/05/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	13/05/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	15/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	23/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 4 active · 17 ended

Active mandates

Denis Hubert Decubber

Managing director · since 31 mars 2021

Active

Jean-François DECUBBER

Director · since 31 mars 2021

Active

Jean-Sébastien DECUBBER

Director · since 31 mars 2021

Active

Valérie DECUBBER

Director · since 31 mars 2021

Active

Ended mandates

Denis DECUBBER

Managing director · since 07 avril 2021

Ended

Jean-Sébastien DECUBBER

Director · since 07 avril 2021

Ended

Valérie DECUBBER

Director · since 04 avril 2021

Ended

Denis DECUBBER

Managing director · since 31 mars 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates27/09/2016
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 202450 k €↑
2023
Annual accounts 202314,6 k €↑
2022
Annual accounts 202212,3 k €↑
2021
Annual accounts 202111,9 k €↑
2020
Annual accounts 2020-5,7 k €↓
2019
Annual accounts 201924,2 k €↑
2018
Annual accounts 2018-26,2 k €↓
2017
Annual accounts 201712,8 k €↑
2016
Annual accounts 20162,9 k €↓
2015
Annual accounts 20157,5 k €↓
2014
Annual accounts 201463,4 k €↓
2013
Annual accounts 201370,2 k €↑
2012
Annual accounts 201234,5 k €↑
2011
Annual accounts 2011-10,9 k €↓
2010
Annual accounts 2010121 k €↑
2009
Annual accounts 200916,9 k €↑
2008
Annual accounts 20089,4 k €↑
2007
Annual accounts 20075,2 k €↑
2006
Annual accounts 20064,5 k €
10/07/1990
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

Q.S.A.S.

Overview

What does Q.S.A.S. do?

Trend over 19 financial years

Indicative valuation

Board of directors

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