ACTIVE

QVDR

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Financial year 2025 · closed on 31/12/2025

Net result

14,5 k €

+101.4% YoY

Gross margin

23,2 k €

+72.4% YoY

Equity

-69,2 k €

+17.3% YoY

What does QVDR do?

QVDR is a Public limited company incorporated in 1991. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.754.995

Incorporation

08/07/1991

Legal form

Public limited company

Registered office

Rue de la Mutualité 27
1190 Forest · BruxellesSee on map

Contributed capital

768 469,93 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	23,2 k €	+72.4%	13,5 k €	-26.4%	18,3 k €	+68.4%	10,9 k €	-9.2%	12 k €	+470%	2,1 k €	-83.5%	12,8 k €	+11.4%	11,5 k €	-29.5%	16,2 k €	-5.5%	17,2 k €	-5.9%	18,3 k €	-25.0%	24,4 k €	+83.9%	13,3 k €	-21.3%	16,8 k €	-19.7%	21 k €	+29.6%	16,2 k €	-16.5%	19,4 k €	+8.2%	17,9 k €	+34.2%	13,3 k €	-0.1%	13,4 k €
EBITDA	20 k €	+93.2%	10,4 k €	-31.4%	15,1 k €	+96.5%	7,7 k €	-10.7%	8,6 k €	+964%	-997,2 €	-110%	9,7 k €	+18.0%	8,2 k €	-38.2%	13,3 k €	-7.0%	14,3 k €	-7.0%	15,4 k €	-28.4%	21,5 k €	+105%	10,5 k €	-25.8%	14,1 k €	-22.7%	18,3 k €	+44.1%	12,7 k €	-25.3%	17 k €	+9.1%	15,6 k €	+42.8%	10,9 k €	-2.7%	11,2 k €
Operating result	19,5 k €	+102%	9,7 k €	-32.9%	14,4 k €	+102%	7,2 k €	-14.5%	8,4 k €	+687%	-1,4 k €	-115%	9,3 k €	+19.0%	7,8 k €	-40.6%	13,1 k €	-5.7%	13,9 k €	-5.4%	14,7 k €	-13.2%	16,9 k €	+184%	6 k €	-37.9%	9,6 k €	+1.0%	9,5 k €	+6903%	-139,8 €	-103%	5,3 k €	+36.9%	3,9 k €	+469%	-1 k €	-17.8%	-887,8 €
Net result	14,5 k €	+101%	7,2 k €	-35.0%	11,1 k €	+138%	4,7 k €	-20.6%	5,9 k €	+439%	-1,7 k €	-130%	5,8 k €	+16.6%	5 k €	-54.9%	11,1 k €	-19.6%	13,8 k €	+44.3%	9,6 k €	-43.2%	16,9 k €	+187%	5,9 k €	-38.3%	9,6 k €	+4.3%	9,2 k €	+5400%	-172,8 €	-103%	5,2 k €	+35.9%	3,8 k €	+445%	-1,1 k €	+5.4%	-1,2 k €
Balance sheet
Equity	-69,2 k €	+17.3%	-83,7 k €	+7.9%	-90,9 k €	+10.9%	-101,9 k €	+4.4%	-106,6 k €	+5.2%	-112,5 k €	-1.6%	-110,7 k €	+5.0%	-116,6 k €	+4.1%	-121,6 k €	+8.4%	-132,7 k €	+9.4%	-146,6 k €	+6.1%	-156,1 k €	+9.8%	-173 k €	+3.3%	-178,9 k €	+5.1%	-188,5 k €	+4.6%	-197,6 k €	-0.1%	-197,5 k €	+2.6%	-202,6 k €	+1.8%	-206,4 k €	-0.5%	-205,3 k €
Total assets	51,2 k €	+32.6%	38,6 k €	+20.1%	32,2 k €	+12.6%	28,6 k €	+68.4%	17 k €	-6.2%	18,1 k €	-41.7%	31 k €	-3.5%	32,2 k €	-13.7%	37,3 k €	-7.0%	40,1 k €	+41.0%	28,4 k €	+11.4%	25,5 k €	+26.9%	20,1 k €	-12.3%	22,9 k €	-33.8%	34,6 k €	-18.9%	42,6 k €	+8.9%	39,1 k €	-12.6%	44,8 k €	-18.0%	54,6 k €	-18.0%	66,6 k €
Cash	31,9 k €	+21.3%	26,3 k €	+37.0%	19,2 k €	+26.2%	15,2 k €	+247%	4,4 k €	-16.6%	5,3 k €	-70.4%	17,8 k €	-3.8%	18,5 k €	-28.0%	25,6 k €	-9.3%	28,3 k €	+74.0%	16,3 k €	+44.1%	11,3 k €	+309%	2,8 k €	+166%	1 k €	-87.1%	8 k €	-3.0%	8,3 k €	-13.4%	9,6 k €	+178%	3,4 k €	+122%	1,5 k €	-32.1%	2,3 k €
Debts	120,4 k €	-1.5%	122,3 k €	-0.6%	123 k €	-5.7%	130,5 k €	+5.6%	123,6 k €	-3.6%	128,1 k €	-9.6%	141,8 k €	-4.7%	148,7 k €	-5.4%	157,2 k €	-9.0%	172,8 k €	-0.7%	173,9 k €	-4.2%	181,6 k €	-5.9%	193,1 k €	-4.3%	201,8 k €	-9.5%	223,1 k €	-7.2%	240,3 k €	+1.6%	236,4 k €	-4.4%	247,2 k €	-5.3%	261 k €	-3.5%	270,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

BOUCHAT Agathe

Mandate

Active

BOUCHAT Colin

Mandate

Active

BOUCHAT Danaé

Mandate

Active

GROSJEAN Cécile

Mandate

Active

Ended mandates

Robert GROSJEAN

Managing director · since 15 août 1991 · until 09 juin 2012

Ended

Cécile GROSJEAN

Director

Ended

GROSJEAN Robert

Mandate

Ended

Robert GROSJEAN

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	22/08/2025	17/07/2024	25/07/2023	30/08/2022	12/07/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	28/06/2023	23/06/2022	23/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	25/06/2025	22/08/2025	French	PDF
Micro model	31/12/2023	26/06/2024	17/07/2024	French	PDF
Micro model	31/12/2022	28/06/2023	25/07/2023	French	PDF
Micro model	31/12/2021	23/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	23/06/2021	12/07/2021	French	PDF
Micro model	31/12/2019	21/08/2020	27/08/2020	French	PDF
Micro model	31/12/2018	26/06/2019	19/08/2019	French	PDF
Micro model	31/12/2017	27/06/2018	28/08/2018	French	PDF
Micro model	31/12/2016	28/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	22/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	25/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	26/06/2013	19/07/2013	French	PDF
Abridged model	31/12/2011	27/06/2012	21/08/2012	French	PDF
Abridged model	31/12/2010	22/06/2011	19/08/2011	French	PDF
Abridged model	31/12/2009	23/06/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	25/06/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 4 active · 4 ended

Active mandates

BOUCHAT Agathe

Mandate

Active

BOUCHAT Colin

Mandate

Active

BOUCHAT Danaé

Mandate

Active

GROSJEAN Cécile

Mandate

Active

Ended mandates

Robert GROSJEAN

Managing director · since 15 août 1991 · until 09 juin 2012

Ended

Cécile GROSJEAN

Director

Ended

GROSJEAN Robert

Mandate

Ended

Robert GROSJEAN

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2024
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2018
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

2025
Annual accounts 202514,5 k €↑
2024
Annual accounts 20247,2 k €↓
2023
Annual accounts 202311,1 k €↑
2023
Name changeQVDR
2022
Annual accounts 20224,7 k €↓
2021
Annual accounts 20215,9 k €↑
2021
Name changeASSOCIATION DE PSYCHOLOGIE ROBERT GROSJEAN
2020
Annual accounts 2020-1,7 k €↓
2019
Annual accounts 20195,8 k €↑
2018
Annual accounts 20185 k €↓
2017
Annual accounts 201711,1 k €↓
2016
Annual accounts 201613,8 k €↑
2015
Annual accounts 20159,6 k €↓
2014
Annual accounts 201416,9 k €↑
2013
Annual accounts 20135,9 k €↓
2012
Annual accounts 20129,6 k €↑
2011
Annual accounts 20119,2 k €↑
2010
Annual accounts 2010-172,8 €↓
2009
Annual accounts 20095,2 k €↑
2008
Annual accounts 20083,8 k €↑
2007
Annual accounts 2007-1,1 k €↑
2006
Annual accounts 2006-1,2 k €
08/07/1991
IncorporationPublic 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

QVDR

Overview

What does QVDR do?

Trend over 20 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