ACTIVE

QRetread

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Financial year 2025 · Closed on 31/12/2025

Net result353,9 k €-35,6 %over 1 year

Gross margin1,7 M €-16,0 %over 1 year

Equity3,8 M €+12,5 %over 1 year

Workforce21,9 ETP-3,1 %over 1 year

Identity

Source · BCE/KBO

QRetread is a Public limited company incorporated in 1995. Its main activity is: Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. Its registered office is in Villers-le-Bouillet. It employs on average 21,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0456.603.843
Incorporation: 22/11/1995
Legal form: Public limited company
Registered office: Rue de Waremme 127
4530 Villers-le-Bouillet · WallonieSee on map
Contributed capital: 310 000,00 €
Latest accounts: 31/12/2025
Average workforce: 21,9 ETP

Activities (NACE)

22110Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres· main 22110Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres 25110Manufacture of metal structures and parts of structures

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,7 M €	-16.0%	2 M €	+26.3%	1,6 M €	+37.4%	1,2 M €		–
EBITDA	557,2 k €	-35.3%	861,5 k €	+40.1%	615,1 k €	+45.7%	422,2 k €	+190%	145,7 k €
Operating result	385,4 k €	-43.2%	679 k €	+33.9%	507,1 k €	+52.7%	332 k €	+498%	55,6 k €
Net result	353,9 k €	-35.6%	549,7 k €	+36.9%	401,6 k €	+61.6%	248,6 k €	+466%	43,9 k €
Balance sheet
Equity	3,8 M €	+12.5%	3,4 M €	+19.6%	2,8 M €	+16.7%	2,4 M €	+11.5%	2,2 M €
Total assets	5,1 M €	+16.7%	4,4 M €	-6.6%	4,7 M €	+45.3%	3,2 M €	+12.1%	2,9 M €
Cash	1,4 k €	-99.7%	401,6 k €	+3908%	10 k €	-95.3%	214,3 k €	-81.2%	1,1 M €
Debts	1,4 M €	+36.1%	999,1 k €	-46.2%	1,9 M €	+122%	837,5 k €	+24.7%	671,7 k €
Other
Workforce	21,9 ETP	-3.1%	22,6 ETP	+22.2%	18,5 ETP	+31.2%	14,1 ETP	0.0%	14,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Manu Glückmann Management0718.969.047Represented by Gluckmann Emmanuel	Directorsince 30/09/2020
VSCI0803.392.602Represented by Tom Van Snick	Directorsince 17/07/2023
De Prycker Consult0694.837.625Represented by Stefan De Prycker	Director16/08/2022 → 23/05/2028
EFCEE0807.357.130Represented by Stefan De Prycker	Director16/08/2022 → 23/05/2028
LAMBEFRAN0426.231.361Represented by Frank Lambrecht	Director25/02/2022 → 25/02/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arkeus Beheer0552.931.474Represented by Filip Touquet	Director25/02/2022 → 2022 accounts
VéDéWé Consult0875.483.594Represented by Frédéric Van den Weghe	Director25/02/2022 → 2022 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	20/06/2026	15/07/2025	10/07/2024	28/07/2023	25/08/2022	31/08/2021
General meeting	19/06/2026	27/05/2025	18/06/2024	17/07/2023	16/08/2022	30/08/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	20/06/2026	French	PDF
Abridged model	31/12/2024	27/05/2025	15/07/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	17/07/2023	28/07/2023	French	PDF
Full model	31/12/2021	16/08/2022	25/08/2022	French	PDF
Full model	31/12/2020	30/08/2021	31/08/2021	French	PDF
Full model	31/12/2019	30/09/2020	28/10/2020	French	PDF
Full model	31/12/2018	26/08/2019	30/08/2019	French	PDF
Full model	31/12/2017	28/08/2018	31/08/2018	French	PDF
Full model	31/12/2016	29/08/2017	31/08/2017	French	PDF
Full model	31/12/2015	30/06/2016	14/07/2016	French	PDF
Full model	31/12/2014	31/07/2015	28/08/2015	French	PDF
Full model	31/12/2013	30/06/2014	08/07/2014	French	PDF
Full model	31/12/2012	26/09/2013	30/09/2013	French	PDF
Full model	31/12/2011	29/08/2012	30/08/2012	French	PDF
Full model	31/12/2010	30/08/2011	30/08/2011	French	PDF
Full model	31/12/2009	27/08/2010	31/08/2010	French	PDF
Full model	31/12/2008	28/07/2009	28/08/2009	French	PDF
Full model	31/12/2007	26/08/2008	31/08/2008	French	PDF
Full model	31/12/2006	29/06/2007	09/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Manu Glückmann Management0718.969.047Represented by Gluckmann Emmanuel	Directorsince 30/09/2020
VSCI0803.392.602Represented by Tom Van Snick	Directorsince 17/07/2023
De Prycker Consult0694.837.625Represented by Stefan De Prycker	Director16/08/2022 → 23/05/2028
EFCEE0807.357.130Represented by Stefan De Prycker	Director16/08/2022 → 23/05/2028
LAMBEFRAN0426.231.361Represented by Frank Lambrecht	Director25/02/2022 → 25/02/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arkeus Beheer0552.931.474Represented by Filip Touquet	Director25/02/2022 → 2022 accounts
VéDéWé Consult0875.483.594Represented by Frédéric Van den Weghe	Director25/02/2022 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other16/10/2026
DIVERS
PDF
Mandates17/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS
PDF
Mandates17/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring29/10/2014
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/06/2014
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

VSCI

De Prycker Consult

EFCEE

LAMBEFRAN

Manu Glückmann Management

Arkeus Beheer

VéDéWé Consult

FABISA

Bruno Lecloux

FBCL

Hugues Gillet

1995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

QRetreadVP Rec

Rue de Waremme 127, 4530 Villers-le-BouilletRue de Jupille 119 bte A, 4600 Visé

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Waremme 127, 4530 Villers-le-BouilletCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00178861
Rue de Jupille 119 bte A, 4600 Visé	accounts 2021 → 2022	Accounts 2022 · 2023-00286561

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
QRetreadCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00178861
VP Rec	accounts 2006 → 2022	Accounts 2022 · 2023-00286561

Events

2025
Annual accounts 2025353,9 k €↓
2024
Annual accounts 2024549,7 k €↑
2023
Annual accounts 2023401,6 k €↑
2023
Name changeQRetread
2022
Annual accounts 2022248,6 k €↑
2021
Annual accounts 202143,9 k €↑
2020
Annual accounts 202039,1 k €↑
2019
Annual accounts 20198,9 k €↑
2018
Annual accounts 2018-41,1 k €↓
2017
Annual accounts 20171,7 k €↓
2016
Annual accounts 201616,5 k €↓
2015
Annual accounts 201526,4 k €↑
2013
Annual accounts 201319,4 k €↓
2012
Annual accounts 201221,5 k €↓
2011
Annual accounts 201138,8 k €↑
2010
Annual accounts 201034,4 k €↑
2009
Annual accounts 200928,7 k €↓
2008
Annual accounts 200891,7 k €↑
2007
Annual accounts 200788,4 k €↓
2006
Annual accounts 2006100,1 k €
22/11/1995
IncorporationPublic limited company

QRetread

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events