ACTIVE

QUERCUS

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Financial year 2024 · closed on 31/12/2024

Net result

36 k €

+94.5% YoY

Gross margin

65,6 k €

+2.3% YoY

Equity

2,9 M €

+1.3% YoY

What does QUERCUS do?

QUERCUS is a Public limited company incorporated in 1993. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.794.128

Incorporation

22/12/1993

Legal form

Public limited company

Registered office

Dudzeelse Steenweg 640
8380 Brugge · FlandreSee on map

Contributed capital

2 237 000,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	65,6 k €	+2.3%	64,2 k €	+4.7%	61,3 k €	-95.0%	1,2 M €	+1208%	94 k €	+20.2%	78,2 k €	-3.1%	80,7 k €	-31.6%	118,1 k €	-3.9%	122,8 k €	-1.3%	124,4 k €	+1.1%	123,1 k €	+31.8%	93,4 k €	+33.5%	70 k €	-32.6%	103,8 k €	+21.5%	85,4 k €	-6.7%	91,5 k €	+21.2%	75,5 k €
EBITDA	50 k €	+4.7%	47,8 k €	+0.7%	47,4 k €	-96.1%	1,2 M €	+1450%	78,2 k €	+24.7%	62,7 k €	-3.5%	65 k €	-36.9%	102,9 k €	-4.4%	107,7 k €	-1.6%	109,5 k €	+0.9%	108,6 k €	+36.9%	79,3 k €	+41.3%	56,1 k €	-37.7%	90,1 k €	+25.2%	71,9 k €	-8.0%	78,2 k €	+25.4%	62,3 k €
Operating result	18,7 k €	+37.6%	13,6 k €	+1312%	-1,1 k €	-100%	1,2 M €	+4780%	23,8 k €	+207%	7,8 k €	+13.9%	6,8 k €	-78.9%	32,3 k €	-9.4%	35,6 k €	+571%	5,3 k €	+54.6%	3,4 k €	+114%	-25,4 k €	+46.9%	-47,8 k €	-250%	-13,7 k €	+71.4%	-47,9 k €	-6.9%	-44,8 k €	+27.6%	-61,8 k €
Net result	36 k €	+94.5%	18,5 k €	+677%	-3,2 k €	-100%	901,9 k €	+3902%	22,5 k €	+294%	5,7 k €	+31.4%	4,4 k €	-81.9%	24,1 k €	-18.2%	29,4 k €	+1148%	-2,8 k €	+85.5%	-19,4 k €	+57.7%	-45,8 k €	+30.4%	-65,8 k €	-57.5%	-41,8 k €	+57.5%	-98,2 k €	-110%	-46,7 k €	-126%	177,7 k €
Balance sheet
Equity	2,9 M €	+1.3%	2,8 M €	+0.7%	2,8 M €	-0.1%	2,8 M €	+44.4%	2 M €	+1.2%	1,9 M €	+0.3%	1,9 M €	+0.2%	1,9 M €	+1.3%	1,9 M €	+1.6%	1,9 M €	-0.2%	1,9 M €	-1.0%	1,9 M €	-2.4%	1,9 M €	-3.3%	2 M €	-2.0%	2 M €	-4.6%	2,1 M €	-2.1%	2,2 M €
Total assets	2,9 M €	+1.2%	2,8 M €	-5.5%	3 M €	-0.1%	3 M €	+32.9%	2,3 M €	-0.4%	2,3 M €	-0.9%	2,3 M €	-1.1%	2,3 M €	-2.8%	2,4 M €	-1.6%	2,4 M €	-5.9%	2,6 M €	-2.6%	2,6 M €	-3.3%	2,7 M €	-4.2%	2,9 M €	-2.8%	2,9 M €	-5.5%	3,1 M €	-2.8%	3,2 M €
Cash	26,3 k €	-61.2%	67,8 k €	-94.2%	1,2 M €	+4.7%	1,1 M €	+2086%	50,7 k €	-29.2%	71,6 k €	+21.4%	59 k €	+38.4%	42,6 k €	+41.5%	30,1 k €	+821%	3,3 k €	-93.2%	48,3 k €	+292%	12,3 k €	+57.4%	7,8 k €	-66.5%	23,4 k €	+22.2%	19,2 k €	-59.0%	46,8 k €	-12.8%	53,6 k €
Debts	3,8 k €	-20.8%	4,9 k €	-97.4%	190,2 k €	+0.6%	189,1 k €	-39.2%	311 k €	-9.2%	342,6 k €	-7.1%	368,9 k €	-7.1%	397,3 k €	-18.5%	487,8 k €	-12.4%	557,1 k €	-19.8%	694,7 k €	-8.1%	755,7 k €	-5.4%	799 k €	-5.3%	843,9 k €	-5.6%	893,9 k €	-7.1%	962,4 k €	-4.1%	1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 14 ended

Active mandates

Rose Marie Gilson

Director · since 27 juillet 2023 · until 12 mai 2026

Active

Michel Gilson

Managing director · since 10 mai 2016 · until 12 mai 2026

Active

Ghislena Zwaenepoel

Managing director · since 06 janvier 1994 · until 12 mai 2026

Active

Ended mandates

MICHEL GILSON

Managing director · since 10 mai 2016 · until 12 mai 2020

Ended

BENOIT GILSON

Director · since 13 mai 2014 · until 12 mai 2020

Ended

GHISLENA ZWAENEPOEL

Managing director · since 13 mai 2014 · until 12 mai 2020

Ended

JACQUES GILSON

Director · since 13 mai 2014 · until 26 novembre 2015

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Abridged model	Micro model	Abridged model	Abridged 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	17/06/2024	09/08/2023	07/07/2022	08/06/2021	17/07/2020
General meeting	04/07/2025	12/06/2024	21/06/2023	20/05/2022	11/05/2021	19/06/2020
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	04/07/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	12/06/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	21/06/2023	09/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	02/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/05/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	06/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	24/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/05/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 3 active · 14 ended

Active mandates

Rose Marie Gilson

Director · since 27 juillet 2023 · until 12 mai 2026

Active

Michel Gilson

Managing director · since 10 mai 2016 · until 12 mai 2026

Active

Ghislena Zwaenepoel

Managing director · since 06 janvier 1994 · until 12 mai 2026

Active

Ended mandates

MICHEL GILSON

Managing director · since 10 mai 2016 · until 12 mai 2020

Ended

BENOIT GILSON

Director · since 13 mai 2014 · until 12 mai 2020

Ended

GHISLENA ZWAENEPOEL

Managing director · since 13 mai 2014 · until 12 mai 2020

Ended

JACQUES GILSON

Director · since 13 mai 2014 · until 26 novembre 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other31/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/12/2016
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Mandates09/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/01/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/08/2008
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

2024
Annual accounts 202436 k €↑
2023
Annual accounts 202318,5 k €↑
2022
Annual accounts 2022-3,2 k €↓
2021
Annual accounts 2021901,9 k €↑
2018
Annual accounts 201822,5 k €↑
2017
Annual accounts 20175,7 k €↑
2016
Annual accounts 20164,4 k €↓
2015
Annual accounts 201524,1 k €↓
2014
Annual accounts 201429,4 k €↑
2013
Annual accounts 2013-2,8 k €↑
2012
Annual accounts 2012-19,4 k €↑
2011
Annual accounts 2011-45,8 k €↑
2010
Annual accounts 2010-65,8 k €↓
2009
Annual accounts 2009-41,8 k €↑
2008
Annual accounts 2008-98,2 k €↓
2007
Annual accounts 2007-46,7 k €↓
2006
Annual accounts 2006177,7 k €
22/12/1993
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

QUERCUS

Overview

What does QUERCUS do?

Trend over 17 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