Q.E.D. Electronic
0461.927.262 · rovalta.com · 22/09/2026
ACTIVE
Q.E.D. Electronic
Financial year 2025 · closed on 30/09/2025
Net result
15,2 k €
+290.9% YoY
Gross margin
4,8 k €
-20.8% YoY
Equity
173,2 k €
+9.6% YoY
Overview
What does Q.E.D. Electronic do?
Q.E.D. Electronic is a Private limited company incorporated in 1997. Its main activity is: Computer consultancy activities. Its registered office is in Liège.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0461.927.262
Incorporation
19/11/1997
Legal form
Private limited company
Registered office
Avenue de la Cokerie 13
4030 Liège · WallonieSee on map
4030 Liège · WallonieSee on map
Contributed capital
20 451,21 €
Latest accounts
30/09/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 4,8 k € | -20.8% | 6,1 k € | -49.3% | 12 k € | +123% | 5,4 k € | -49.9% | 10,7 k € | +1152% | -1 k € | -108% | 12 k € | -17.5% | 14,6 k € | -66.6% | 43,8 k € | -54.8% | 96,9 k € | +85.4% | 52,2 k € | -55.4% | 117,2 k € | -11.2% | 132 k € | -35.5% | 204,6 k € | -35.5% | 317 k € | -43.1% | 556,8 k € | +47.9% | 376,4 k € | +373% | 79,6 k € |
| EBITDA | 1,5 k € | -72.9% | 5,6 k € | -45.5% | 10,3 k € | +147% | 4,2 k € | -56.2% | 9,6 k € | +539% | -2,2 k € | -121% | 10,4 k € | -14.5% | 12,2 k € | -71.1% | 42,3 k € | -55.2% | 94,5 k € | +88.1% | 50,3 k € | -56.3% | 114,9 k € | -11.5% | 129,8 k € | -35.8% | 202,3 k € | -35.8% | 314,9 k € | -43.2% | 554,5 k € | +48.0% | 374,8 k € | +398% | 75,3 k € |
| Operating result | 1,1 k € | -78.8% | 5,2 k € | -45.5% | 9,6 k € | +162% | 3,6 k € | -59.0% | 8,9 k € | +312% | -4,2 k € | -159% | 7,1 k € | +18.3% | 6 k € | -74.4% | 23,4 k € | -73.5% | 88,4 k € | +98.0% | 44,7 k € | -59.2% | 109,4 k € | -7.6% | 118,5 k € | -39.9% | 197,3 k € | -35.1% | 303,9 k € | -44.5% | 547,1 k € | +51.2% | 361,9 k € | +398% | 72,6 k € |
| Net result | 15,2 k € | +291% | 3,9 k € | -38.5% | 6,3 k € | +175% | 2,3 k € | -60.7% | 5,8 k € | +233% | -4,4 k € | -210% | 4 k € | -47.5% | 7,6 k € | -17.4% | 9,2 k € | -87.0% | 70,7 k € | +66.0% | 42,6 k € | -55.9% | 96,6 k € | -10.8% | 108,3 k € | -40.4% | 181,5 k € | -27.0% | 248,8 k € | -39.2% | 409,4 k € | +43.6% | 285,1 k € | +437% | 53,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 173,2 k € | +9.6% | 158 k € | +2.5% | 154,1 k € | -2.9% | 158,8 k € | -4.1% | 165,5 k € | -11.0% | 185,9 k € | -2.3% | 190,3 k € | -9.5% | 210,3 k € | +3.7% | 202,7 k € | +4.7% | 193,6 k € | +17.1% | 165,3 k € | +3.2% | 160,1 k € | +17.8% | 135,9 k € | +23.5% | 110,1 k € | -85.5% | 758,6 k € | +24.4% | 609,9 k € | +66.3% | 366,7 k € | +75.4% | 209 k € |
| Total assets | 188,2 k € | +8.9% | 172,8 k € | +0.3% | 172,3 k € | -13.2% | 198,5 k € | +0.0% | 198,4 k € | +4.3% | 190,2 k € | -12.7% | 217,8 k € | +2.8% | 211,9 k € | -2.6% | 217,5 k € | -25.4% | 291,7 k € | +19.4% | 244,2 k € | -18.4% | 299,4 k € | -0.5% | 301 k € | -43.5% | 532,5 k € | -41.2% | 905,1 k € | +15.4% | 784,5 k € | +49.2% | 525,8 k € | +76.2% | 298,4 k € |
| Cash | 172,3 k € | +166% | 64,7 k € | -2.6% | 66,5 k € | -28.6% | 93,2 k € | +2.7% | 90,7 k € | +19.1% | 76,1 k € | -28.8% | 106,9 k € | +113% | 50,2 k € | +18.3% | 42,4 k € | -63.8% | 117,2 k € | +38.4% | 84,7 k € | -32.8% | 126 k € | +165% | 47,5 k € | -54.9% | 105,2 k € | -59.1% | 257,1 k € | +39.1% | 184,8 k € | -32.6% | 274,1 k € | +21.6% | 225,5 k € |
| Debts | 15 k € | +1.1% | 14,8 k € | -18.6% | 18,2 k € | -54.1% | 39,7 k € | +20.6% | 32,9 k € | +668% | 4,3 k € | -84.4% | 27,6 k € | +1621% | 1,6 k € | -89.1% | 14,8 k € | -85.0% | 98,1 k € | +24.3% | 78,9 k € | -43.3% | 139,3 k € | -15.6% | 165,1 k € | -60.9% | 422,5 k € | +188% | 146,5 k € | -16.1% | 174,6 k € | +9.7% | 159,1 k € | +78.0% | 89,4 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 3 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
C-LOGIQUE● Active | 0476.990.768 |
Financials
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 | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 13/02/2026 | 30/04/2025 | 01/03/2024 | 16/03/2023 | 29/04/2022 | 27/04/2021 |
| General meeting | 13/02/2026 | 31/03/2025 | 11/12/2023 | 07/03/2023 | 26/04/2022 | 01/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/09/2025 | 13/02/2026 | 13/02/2026 | French | |
| Micro model | 30/09/2024 | 31/03/2025 | 30/04/2025 | French | |
| Micro model | 30/09/2023 | 11/12/2023 | 01/03/2024 | French | |
| Micro model | 30/09/2022 | 07/03/2023 | 16/03/2023 | French | |
| Micro model | 30/09/2021 | 26/04/2022 | 29/04/2022 | French | |
| Micro model | 30/09/2020 | 01/04/2021 | 27/04/2021 | French | |
| Micro model | 30/09/2019 | 05/02/2020 | 13/03/2020 | French | |
| Micro model | 30/09/2018 | 06/02/2019 | 05/03/2019 | French | |
| Micro model | 30/09/2017 | 01/02/2018 | 12/03/2018 | French | |
| Abridged model | 30/09/2016 | 01/02/2017 | 17/03/2017 | French | |
| Abridged model | 30/09/2015 | 03/02/2016 | 25/03/2016 | French | |
| Abridged model | 30/09/2014 | 06/02/2015 | 23/04/2015 | French | |
| Abridged model | 30/09/2013 | 05/02/2014 | 09/04/2014 | French | |
| Abridged model | 30/09/2012 | 12/02/2013 | 10/04/2013 | French | |
| Abridged modelCorrection | 30/09/2011 | 01/02/2012 | 08/04/2013 | French | |
| Abridged model | 30/09/2011 | 01/02/2012 | 19/03/2012 | French | |
| Abridged model | 30/09/2010 | 02/02/2011 | 19/04/2011 | French | |
| Abridged model | 30/09/2009 | 03/02/2010 | 24/03/2010 | French | |
| Abridged model | 30/09/2008 | 04/02/2009 | 17/03/2009 | French | |
| Abridged model | 30/09/2007 | 07/02/2008 | 25/04/2008 | French | |
| Abridged model | 30/09/2006 | 07/02/2007 | 30/03/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 1 active · 3 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202515,2 k €↑
- 2024Annual accounts 20243,9 k €↓
- 2023Annual accounts 20236,3 k €↑
- 2022Annual accounts 20222,3 k €↓
- 2021Annual accounts 20215,8 k €↑
- 2019Annual accounts 2019-4,4 k €↓
- 2018Annual accounts 20184 k €↓
- 2017Annual accounts 20177,6 k €↓
- 2016Annual accounts 20169,2 k €↓
- 2015Annual accounts 201570,7 k €↑
- 2014Annual accounts 201442,6 k €↓
- 2013Annual accounts 201396,6 k €↓
- 2012Annual accounts 2012108,3 k €↓
- 2011Annual accounts 2011181,5 k €↓
- 2010Annual accounts 2010248,8 k €↓
- 2009Annual accounts 2009409,4 k €↑
- 2008Annual accounts 2008285,1 k €↑
- 2007Annual accounts 200753,1 k €
- 19/11/1997IncorporationPrivate limited company