ACTIVE

QUBUS

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Financial year 2025 · closed on 31/12/2025

Net result

423,5 k €

-46.0% YoY

Gross margin

2,8 M €

-16.0% YoY

Equity

711,3 k €

-36.2% YoY

Workforce

28,0 ETP

-9.4% YoY

What does QUBUS do?

QUBUS is a Public limited company incorporated in 1991. Its registered office is in Aalter. It employs on average 28,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.760.332

Incorporation

18/11/1991

Legal form

Public limited company

Registered office

Groendreef 37 box 0B
9880 Aalter · FlandreSee on map

Contributed capital

115 506,00 €

Latest accounts

31/12/2025

Average workforce

28,0 ETP

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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		2011		2010		2009		2008		2007
Income statement
Gross margin	2,8 M €	-16.0%	3,4 M €	+20.7%	2,8 M €	+18.1%	2,4 M €	+8.3%	2,2 M €	+14.2%	1,9 M €	-49.3%	3,7 M €	+66.7%	2,2 M €	+38.9%	1,6 M €	+32.3%	1,2 M €	+0.9%	1,2 M €	+33.6%	907,8 k €	+36.6%	664,3 k €	+30.6%	508,5 k €	+82.9%	278 k €	-45.7%	512,2 k €	+5.9%	483,9 k €	+2.0%	474,2 k €	+14.3%	414,9 k €	-40.5%	697,1 k €
EBITDA	545,7 k €	-43.3%	962,2 k €	+335%	221,4 k €	-20.2%	277,6 k €	-7.3%	299,6 k €	+6.3%	281,9 k €	-85.0%	1,9 M €	+181%	668,9 k €	+79.8%	372,1 k €	+126%	164,4 k €	-52.9%	349 k €	+43.7%	242,8 k €	+77.1%	137,1 k €	+1259%	10,1 k €	-90.1%	102,1 k €	-30.1%	146,1 k €	+6.8%	136,7 k €	-14.4%	159,8 k €	+6.9%	149,5 k €	-54.4%	327,9 k €
Operating result	465 k €	-45.6%	855,1 k €	+904%	85,2 k €	+52.2%	56 k €	-3.7%	58,2 k €	-3.3%	60,2 k €	-96.3%	1,6 M €	+200%	536,9 k €	+124%	240,2 k €	+227%	73,3 k €	-73.7%	278,9 k €	+49.8%	186,2 k €	+82.5%	102 k €	+421%	-31,8 k €	-135%	90,2 k €	+59.9%	56,4 k €	+15.7%	48,8 k €	-38.5%	79,3 k €	+49.2%	53,2 k €	-75.7%	218,8 k €
Net result	423,5 k €	-46.0%	784,8 k €	+1198%	60,5 k €	+44.6%	41,8 k €	-19.9%	52,2 k €	+10.5%	47,2 k €	-95.9%	1,2 M €	+197%	389,3 k €	+119%	177,4 k €	+216%	56,1 k €	-70.4%	189,2 k €	+40.7%	134,5 k €	+33.0%	101,2 k €	+183%	-121,2 k €	-265%	73,6 k €	+205%	24,2 k €	-64.0%	67,1 k €	+16.8%	57,5 k €	+27.2%	45,2 k €	-72.3%	163,1 k €
Balance sheet
Equity	711,3 k €	-36.2%	1,1 M €	-47.7%	2,1 M €	-15.5%	2,5 M €	+1.6%	2,5 M €	+2.7%	2,4 M €	-1.8%	2,5 M €	+88.5%	1,3 M €	+42.4%	918,7 k €	+23.9%	741,3 k €	+8.2%	685,2 k €	+38.2%	496 k €	+40.5%	352,9 k €	+110%	167,9 k €	-41.9%	289,2 k €	-57.9%	687,5 k €	+3.6%	663,4 k €	+11.3%	596,3 k €	+10.7%	538,8 k €	+9.2%	493,6 k €
Total assets	2,8 M €	-46.5%	5,2 M €	+27.3%	4,1 M €	-21.0%	5,2 M €	+1.4%	5,1 M €	+56.7%	3,3 M €	-31.3%	4,7 M €	-12.3%	5,4 M €	+40.7%	3,8 M €	+128%	1,7 M €	+8.9%	1,5 M €	+10.3%	1,4 M €	-6.1%	1,5 M €	+113%	698,9 k €	+16.6%	599,4 k €	-43.2%	1,1 M €	+5.9%	996,2 k €	-2.0%	1 M €	+5.2%	966,3 k €	+37.9%	700,6 k €
Cash	123,2 k €	-88.5%	1,1 M €	+26.6%	849 k €	-10.7%	950,2 k €	+30.2%	729,7 k €	+44.8%	503,9 k €	+53.6%	328 k €	-26.4%	445,8 k €	-18.1%	544,7 k €	+43.1%	380,7 k €	+427%	72,2 k €	-77.7%	323 k €	+15.2%	280,4 k €	+109%	134,2 k €	+18.1%	113,6 k €	+193%	38,8 k €	-62.4%	103 k €	+49.2%	69 k €	-71.4%	241,2 k €	+28.3%	188 k €
Debts	2 M €	-49.6%	3,9 M €	+106%	1,9 M €	-24.9%	2,6 M €	-1.6%	2,6 M €	+212%	831,3 k €	-61.8%	2,2 M €	-42.9%	3,8 M €	+45.8%	2,6 M €	+194%	890,4 k €	+8.8%	818,7 k €	-5.6%	867,1 k €	-21.0%	1,1 M €	+125%	488,6 k €	+81.2%	269,6 k €	-17.5%	326,8 k €	+11.0%	294,4 k €	-29.5%	417,5 k €	-1.9%	425,4 k €	+108%	204,6 k €
Other
Workforce	28,0 ETP	-9.4%	30,9 ETP	-13.4%	35,7 ETP	+11.9%	31,9 ETP	+9.6%	29,1 ETP	-5.8%	30,9 ETP	+1.6%	30,4 ETP	+15.2%	26,4 ETP	+28.2%	20,6 ETP	+14.4%	18,0 ETP	+24.1%	14,5 ETP	+13.3%	12,8 ETP	+50.6%	8,5 ETP	-5.6%	9,0 ETP	+28.6%	7,0 ETP	-12.5%	8,0 ETP	+23.1%	6,5 ETP	-8.5%	7,1 ETP	+16.4%	6,1 ETP	+27.1%	4,8 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 31/12/2025 · 2 active · 15 ended

Active mandates

CELSUS

Director · since 02 juin 2023 · until 01 juin 2029 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Active

Griet VANDERMEERSCH

Director · since 02 juin 2023 · until 01 juin 2029

Active

Ended mandates

Griet VANDERMEERSCH

Director · since 15 avril 2022 · until 02 juin 2023

Ended

CELSUS

Director · since 01 septembre 2019 · until 02 juin 2023 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Ended

CELSUS

Director · since 01 septembre 2019 · until 02 juin 2023 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Ended

Els VANDENBUSSCHE

Director · since 01 octobre 2017 · until 02 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
COLINZ● Active	0504.959.828
HEXSTRA● Active	1010.127.613
ORENTA● Active	1009.809.293
QUBUS+● Active	0755.587.240
SOLUS● Active	1017.176.345
STRATEGICA● Active	0656.944.871
WOODON● Active	1029.720.425

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/06/2026	19/06/2025	21/06/2024	06/06/2023	23/06/2022	16/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	28/06/2021
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

34 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	16/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/04/2013	17/04/2013	Dutch	PDF
Abridged model	31/12/2011	06/10/2012	16/10/2012	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	19/12/2011	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	19/12/2009	09/02/2010	Dutch	PDF
Abridged model	30/06/2008	15/12/2008	22/12/2008	Dutch	PDF
Abridged model	30/06/2007	22/12/2007	31/01/2008	Dutch	PDF
Abridged model	31/12/2005	17/06/2006	25/08/2006	Dutch	PDF
Abridged model	31/12/2004	18/06/2005	01/07/2005	Dutch	PDF
Abridged model	31/12/2003	19/06/2004	19/07/2004	Dutch	PDF
Abridged model	31/12/2002	21/06/2003	08/07/2003	Dutch	PDF

View all 34 filings

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 31/12/2025 · 2 active · 15 ended

Active mandates

CELSUS

Director · since 02 juin 2023 · until 01 juin 2029 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Active

Griet VANDERMEERSCH

Director · since 02 juin 2023 · until 01 juin 2029

Active

Ended mandates

Griet VANDERMEERSCH

Director · since 15 avril 2022 · until 02 juin 2023

Ended

CELSUS

Director · since 01 septembre 2019 · until 02 juin 2023 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Ended

CELSUS

Director · since 01 septembre 2019 · until 02 juin 2023 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Ended

Els VANDENBUSSCHE

Director · since 01 octobre 2017 · until 02 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2020
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/02/2014
KAPITAAL - AANDELEN
PDF
Capital / shares17/01/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates26/09/2013
ONTSLAGEN - BENOEMINGEN
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 2025423,5 k €↓
2024
Annual accounts 2024784,8 k €↑
2023
Annual accounts 202360,5 k €↑
2022
Annual accounts 202241,8 k €↓
2021
Annual accounts 202152,2 k €↑
2020
Annual accounts 202047,2 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018389,3 k €↑
2017
Annual accounts 2017177,4 k €↑
2016
Annual accounts 201656,1 k €↓
2015
Annual accounts 2015189,2 k €↑
2014
Annual accounts 2014134,5 k €↑
2013
Annual accounts 2013101,2 k €↑
2012
Annual accounts 2012-121,2 k €↓
2011
Annual accounts 201173,6 k €↑
2011
Annual accounts 201124,2 k €↓
2010
Annual accounts 201067,1 k €↑
2009
Annual accounts 200957,5 k €↑
2008
Annual accounts 200845,2 k €↓
2007
Annual accounts 2007163,1 k €
18/11/1991
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

QUBUS

Overview

What does QUBUS do?

Trend over 20 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