ACTIVE

QRetread

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Financial year 2025 · closed on 31/12/2025

Net result

353,9 k €

-35.6% YoY

Gross margin

1,7 M €

-16.0% YoY

Equity

3,8 M €

+12.5% YoY

Workforce

21,9 ETP

-3.1% YoY

What does QRetread do?

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

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,7 M €	-16.0%	2,0 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 €	+7.6%	135,4 k €	+44.2%	93,9 k €	+126%	41,6 k €	-46.7%	78,1 k €	-13.3%	90,0 k €	-13.3%	103,8 k €	+395%	21,0 k €	-11.2%	23,6 k €	-51.0%	48,2 k €	+16.5%	41,4 k €	-21.4%	52,6 k €	-64.8%	149,4 k €	-6.0%	158,9 k €	-30.4%	228,2 k €
Operating result	385,4 k €	-43.2%	679,0 k €	+33.9%	507,1 k €	+52.7%	332,0 k €	+498%	55,6 k €	+12.6%	49,3 k €	+204%	16,2 k €	+145%	-36,1 k €	-1325%	2,9 k €	-86.1%	21,3 k €	-16.0%	25,3 k €	+20.8%	21,0 k €	-11.2%	23,6 k €	-51.0%	48,2 k €	+20.2%	40,1 k €	+46.5%	27,4 k €	-78.0%	124,2 k €	-6.6%	132,9 k €	+0.4%	132,4 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 €	+12.2%	39,1 k €	+341%	8,9 k €	+122%	-41,1 k €	-2518%	1,7 k €	-89.7%	16,5 k €	-37.5%	26,4 k €	+35.7%	19,4 k €	-9.6%	21,5 k €	-44.6%	38,8 k €	+12.7%	34,4 k €	+19.7%	28,7 k €	-68.6%	91,7 k €	+3.6%	88,4 k €	-11.7%	100,1 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 €	+2.1%	2,1 M €	+1.9%	2,1 M €	+0.4%	2,1 M €	-2.0%	2,1 M €	+0.1%	2,1 M €	+0.8%	2,1 M €	+160%	804,4 k €	+2.5%	785,0 k €	+2.8%	763,5 k €	+5.4%	724,7 k €	+5.0%	690,3 k €	+4.3%	661,6 k €	+16.1%	569,9 k €	+18.4%	481,5 k €
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 €	+3.9%	2,8 M €	-1.2%	2,8 M €	+4.6%	2,7 M €	-2.3%	2,8 M €	-15.5%	3,3 M €	+6.8%	3,1 M €	+122%	1,4 M €	+3.3%	1,3 M €	-24.1%	1,8 M €	+16.0%	1,5 M €	+31.5%	1,2 M €	-12.5%	1,3 M €	+8.7%	1,2 M €	+11.5%	1,1 M €
Cash	1,4 k €	-99.7%	401,6 k €	+3908%	10,0 k €	-95.3%	214,3 k €	-81.2%	1,1 M €	+85.5%	614,6 k €	+69.6%	362,4 k €	-54.3%	793,6 k €	-7.7%	859,6 k €	-45.8%	1,6 M €	+172%	582,7 k €	+74.3%	334,2 k €	+530%	53,1 k €	-81.5%	286,1 k €	-30.1%	409,2 k €	+174%	149,3 k €	-52.5%	314,6 k €	+256%	88,3 k €	-85.0%	588,6 k €
Debts	1,4 M €	+36.1%	999,1 k €	-46.2%	1,9 M €	+122%	837,5 k €	+24.7%	671,7 k €	+0.3%	669,6 k €	-7.4%	722,9 k €	+18.0%	612,7 k €	-3.5%	635,0 k €	-40.4%	1,1 M €	+20.2%	886,5 k €	+54.1%	575,3 k €	+4.4%	550,9 k €	-44.8%	997,9 k €	+25.8%	793,4 k €	+71.1%	463,8 k €	-29.4%	657,1 k €	+2.2%	643,0 k €	+6.1%	606,2 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	-4.1%	14,7 ETP	+3.5%	14,2 ETP	+1.4%	14,0 ETP	-3.4%	14,5 ETP	-5.8%	15,4 ETP	+6.9%	14,4 ETP	+80.0%	8,0 ETP	-20.0%	10,0 ETP	+1.0%	9,9 ETP	+10.0%	9,0 ETP	+8.4%	8,3 ETP	+3.8%	8,0 ETP	+60.0%	5,0 ETP	-5.7%	5,3 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 · 5 active · 32 ended

Active mandates

VSCI

Director · since 17 juillet 2023 · 0803.392.602

Represented by Tom Van Snick

Active

De Prycker Consult

Director · since 16 août 2022 · until 23 mai 2028 · 0694.837.625

Represented by Stefan De Prycker

Active

EFCEE

Director · since 16 août 2022 · until 23 mai 2028 · 0807.357.130

Represented by Stefan De Prycker

Active

LAMBEFRAN

Director · since 25 février 2022 · until 25 février 2028 · 0426.231.361

Represented by Frank Lambrecht

Active

Manu Glückmann Management

Director · since 30 septembre 2020 · 0718.969.047

Represented by Gluckmann Emmanuel

Active

Ended mandates

Manu Glückmann Management

Director · since 01 septembre 2023 · until 23 mai 2028 · 0718.969.047

Represented by Gluckmann Emmanuel

Ended

VSCI

Director · since 01 septembre 2023 · until 23 mai 2028 · 0803.392.602

Represented by Tom Van Snick

Ended

Manu Glückmann Management

Director · since 17 juillet 2023 · until 23 mai 2028 · 0718.969.047

Represented by Gluckmann Emmanuel

Ended

VSCI

Director · since 17 juillet 2023 · until 23 mai 2028 · 0803.392.602

Represented by Tom Van Snick

Ended

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

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

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 · 5 active · 32 ended

Active mandates

VSCI

Director · since 17 juillet 2023 · 0803.392.602

Represented by Tom Van Snick

Active

De Prycker Consult

Director · since 16 août 2022 · until 23 mai 2028 · 0694.837.625

Represented by Stefan De Prycker

Active

EFCEE

Director · since 16 août 2022 · until 23 mai 2028 · 0807.357.130

Represented by Stefan De Prycker

Active

LAMBEFRAN

Director · since 25 février 2022 · until 25 février 2028 · 0426.231.361

Represented by Frank Lambrecht

Active

Manu Glückmann Management

Director · since 30 septembre 2020 · 0718.969.047

Represented by Gluckmann Emmanuel

Active

Ended mandates

Manu Glückmann Management

Director · since 01 septembre 2023 · until 23 mai 2028 · 0718.969.047

Represented by Gluckmann Emmanuel

Ended

VSCI

Director · since 01 septembre 2023 · until 23 mai 2028 · 0803.392.602

Represented by Tom Van Snick

Ended

Manu Glückmann Management

Director · since 17 juillet 2023 · until 23 mai 2028 · 0718.969.047

Represented by Gluckmann Emmanuel

Ended

VSCI

Director · since 17 juillet 2023 · until 23 mai 2028 · 0803.392.602

Represented by Tom Van Snick

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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
Mandates05/06/2012
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 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 €
2006
Name changeVP Rec
22/11/1995
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

QRetread

Overview

What does QRetread 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

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Timeline