ACTIVE

QASTAN

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Financial year 2024 · closed on 31/12/2024

Net result

101,2 k €

+210.4% YoY

Gross margin

1,1 M €

+11.7% YoY

Equity

452,5 k €

+25.4% YoY

Workforce

13,9 ETP

-6.7% YoY

What does QASTAN do?

QASTAN is a Private limited company incorporated in 1998. Its main activity is: Computer programming activities. Its registered office is in Kuurne. It employs on average 13,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.789.554

Incorporation

21/12/1998

Legal form

Private limited company

Registered office

Brugsesteenweg 48
8520 Kuurne · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

13,9 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 43211Electrical installation 43211Electrical installation 46190Agents involved in the sale of a variety of goods+4

Joint committees (2)

20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,1 M €	+11.7%	994,3 k €	+11.4%	892,9 k €	+11.8%	798,6 k €	+33.3%	598,9 k €	+57.9%	379,4 k €	+20.4%	315 k €	+7.7%	292,6 k €	+21.1%	241,6 k €	-18.5%	296,6 k €	+59.3%	186,2 k €	+19.8%	155,4 k €	-2.4%	159,2 k €	-16.3%	190,2 k €	+26.4%	150,5 k €	+17.9%	127,7 k €	-11.8%	144,8 k €
EBITDA	270,6 k €	+929%	26,3 k €	-86.0%	187,3 k €	-38.0%	302 k €	+54.9%	195 k €	+179%	69,9 k €	+2.9%	67,9 k €	-19.2%	84 k €	+21.6%	69,1 k €	-51.0%	141,1 k €	+144%	57,8 k €	+403%	-19,1 k €	-280%	10,6 k €	-77.8%	47,7 k €	+7.3%	44,4 k €	+12.1%	39,6 k €	-37.3%	63,2 k €
Operating result	175,9 k €	+395%	-59,6 k €	-154%	110,2 k €	-55.5%	247,4 k €	+112%	116,8 k €	+3399%	-3,5 k €	-119%	18,2 k €	-60.0%	45,4 k €	+58.8%	28,6 k €	-72.2%	103 k €	+350%	22,9 k €	+143%	-53,7 k €	-153%	-21,2 k €	-220%	17,8 k €	+34.5%	13,2 k €	+51.1%	8,7 k €	-75.7%	36 k €
Net result	101,2 k €	+210%	-91,7 k €	-231%	70,1 k €	-56.4%	160,7 k €	+130%	69,8 k €	+589%	-14,3 k €	-246%	9,8 k €	-55.1%	21,8 k €	+7.2%	20,3 k €	-78.4%	94,4 k €	+513%	15,4 k €	+127%	-57,3 k €	-141%	-23,7 k €	-336%	10 k €	+51.5%	6,6 k €	+206%	2,2 k €	-86.7%	16,3 k €
Balance sheet
Equity	452,5 k €	+25.4%	361 k €	-23.6%	472,6 k €	+17.4%	402,5 k €	+66.5%	241,8 k €	+40.6%	172 k €	-7.7%	186,3 k €	+5.6%	176,5 k €	+14.1%	154,7 k €	+15.1%	134,3 k €	+236%	39,9 k €	+62.7%	24,6 k €	-70.0%	81,8 k €	-22.5%	105,5 k €	-15.9%	125,5 k €	+5.6%	118,9 k €	+1.9%	116,7 k €
Total assets	1,2 M €	-3.8%	1,3 M €	+10.9%	1,1 M €	+34.6%	850,5 k €	+30.9%	649,5 k €	+0.5%	646,6 k €	+19.8%	539,9 k €	+14.8%	470,2 k €	+28.0%	367,3 k €	+10.3%	333 k €	+12.1%	297,1 k €	-1.7%	302,3 k €	-14.6%	354,1 k €	-8.4%	386,5 k €	+6.4%	363,1 k €	-16.6%	435,2 k €	+39.9%	311 k €
Cash	188,7 k €	-24.1%	248,7 k €	+92.5%	129,2 k €	-44.0%	230,6 k €	+24.5%	185,2 k €	+110%	88,3 k €	+31.2%	67,3 k €	-57.5%	158,2 k €	+53.6%	103 k €	-15.6%	122 k €	+325%	28,7 k €	-37.3%	45,9 k €	-40.8%	77,4 k €	-24.6%	102,7 k €	+10.5%	92,9 k €	+13.4%	81,9 k €	+29.9%	63,1 k €
Debts	757,8 k €	-15.2%	893,4 k €	+34.2%	665,9 k €	+50.9%	441,4 k €	+10.3%	400,1 k €	-14.3%	466,9 k €	+33.9%	348,7 k €	+24.6%	279,9 k €	+34.3%	208,5 k €	+6.8%	195,1 k €	-23.0%	253,5 k €	-7.9%	275,2 k €	+1.4%	271,5 k €	+9.0%	249 k €	+11.5%	223,3 k €	-14.2%	260,4 k €	+34.4%	193,7 k €
Other
Workforce	13,9 ETP	-6.7%	14,9 ETP	+5.7%	14,1 ETP	+42.4%	9,9 ETP	+6.5%	9,3 ETP	+50.0%	6,2 ETP	+31.9%	4,7 ETP	+38.2%	3,4 ETP	+13.3%	3,0 ETP	+3.4%	2,9 ETP	+26.1%	2,3 ETP	-23.3%	3,0 ETP	+11.1%	2,7 ETP	-3.6%	2,8 ETP	+33.3%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP

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 · 11 ended

Active mandates

Joren Debruyne Consulting

Director · since 14 janvier 2022 · 0780.456.555

Represented by DEBRUYNE JOREN

Active

Nordström Consulting

Director · since 14 janvier 2022 · 0780.456.753

Represented by DEBRUYNE ARNE

Active

Geert DEBRUYNE

Director

Active

Ended mandates

Joren Debruyne Consulting

Director · since 14 janvier 2022 · 0780.456.555

Represented by DEBRUYNE JOREN

Ended

Nordström Consulting

Director · since 14 janvier 2022 · 0780.456.753

Represented by DEBRUYNE ARNE

Ended

Arne Debruyne

Director · since 01 février 2019

Ended

Arne Debruyne

Manager · since 01 février 2019

Ended

At this address

Other companies at this address

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GROEP FIT● Active	0688.959.920
QARO● Active	1022.691.784

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged 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	22/07/2025	30/07/2024	27/07/2023	28/07/2022	13/07/2021	25/05/2020
General meeting	30/06/2025	29/06/2024	30/06/2023	30/06/2022	18/06/2021	04/05/2020
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
Abridged model	31/12/2024	30/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	25/05/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	01/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	23/05/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	12/05/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	28/06/2007	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 · 11 ended

Active mandates

Joren Debruyne Consulting

Director · since 14 janvier 2022 · 0780.456.555

Represented by DEBRUYNE JOREN

Active

Nordström Consulting

Director · since 14 janvier 2022 · 0780.456.753

Represented by DEBRUYNE ARNE

Active

Geert DEBRUYNE

Director

Active

Ended mandates

Joren Debruyne Consulting

Director · since 14 janvier 2022 · 0780.456.555

Represented by DEBRUYNE JOREN

Ended

Nordström Consulting

Director · since 14 janvier 2022 · 0780.456.753

Represented by DEBRUYNE ARNE

Ended

Arne Debruyne

Director · since 01 février 2019

Ended

Arne Debruyne

Manager · since 01 février 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other16/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING
PDF
Mandates07/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/01/2021
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring25/11/2019
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/08/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/07/2009
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2024101,2 k €↑
2024
Name changeQASTAN
2023
Annual accounts 2023-91,7 k €↓
2022
Annual accounts 202270,1 k €↓
2021
Annual accounts 2021160,7 k €↑
2021
Name changeFREELANCE INFORMATION TECHN.
2020
Annual accounts 202069,8 k €↑
2019
Annual accounts 2019-14,3 k €↓
2018
Annual accounts 20189,8 k €↓
2017
Annual accounts 201721,8 k €↑
2016
Annual accounts 201620,3 k €↓
2015
Annual accounts 201594,4 k €↑
2014
Annual accounts 201415,4 k €↑
2013
Annual accounts 2013-57,3 k €↓
2012
Annual accounts 2012-23,7 k €↓
2011
Annual accounts 201110 k €↑
2010
Annual accounts 20106,6 k €↑
2009
Annual accounts 20092,2 k €↓
2008
Annual accounts 200816,3 k €
2008
Name changeFREELANCE INFORMATION TECHNOLOGY
21/12/1998
IncorporationPrivate 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

QASTAN

Overview

What does QASTAN do?

Trend over 17 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