ACTIVE

QUERCURIUS

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Financial year 2025 · closed on 30/06/2025

Net result

-48,4 k €

+47.2% YoY

Gross margin

620 k €

+3.4% YoY

Equity

3,6 M €

-1.3% YoY

Workforce

0,0 ETP

What does QUERCURIUS do?

QUERCURIUS is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Sint-Pieters-Leeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.750.194

Incorporation

25/04/2000

Legal form

Public limited company

Registered office

Kasteelstraat 22
1600 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

666 612,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate+1

Signals

Solid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	620 k €	+3.4%	599,8 k €	+11.7%	537,1 k €	+10.6%	485,6 k €	+26.8%	383 k €	+11.7%	342,8 k €	-47.6%	653,7 k €	-78.0%	3 M €	-17.2%	3,6 M €	+1162%	284,6 k €	+4357%	-6,7 k €	+62.0%	-17,6 k €	-1982%	-846 €	+82.2%	-4,8 k €	+70.0%	-15,9 k €	-16.1%	-13,7 k €	-66.7%	-8,2 k €	-128%	-3,6 k €
EBITDA	558,1 k €	+6.5%	523,8 k €	+15.4%	453,8 k €	+2.5%	442,6 k €	+33.2%	332,4 k €	+246%	96,1 k €	-82.9%	563,8 k €	-80.3%	2,9 M €	-17.8%	3,5 M €	+2751%	122,2 k €	+1767%	-7,3 k €	+60.2%	-18,4 k €	-1127%	-1,5 k €	+71.4%	-5,2 k €	+68.2%	-16,5 k €	-15.5%	-14,3 k €	-51.3%	-9,5 k €	-141%	-3,9 k €
Operating result	44,7 k €	+188%	-50,8 k €	-2001%	2,7 k €	+132%	-8,3 k €	+92.9%	-116,9 k €	+50.2%	-234,7 k €	-254%	-66,2 k €	-103%	2,6 M €	-18.4%	3,2 M €	+2163%	-155,9 k €	-2026%	-7,3 k €	+60.2%	-18,4 k €	-1127%	-1,5 k €	+71.4%	-5,2 k €	+68.2%	-16,5 k €	-15.5%	-14,3 k €	-51.3%	-9,5 k €	-111%	-4,5 k €
Net result	-48,4 k €	+47.2%	-91,6 k €	-291%	-23,5 k €	+50.1%	-47 k €	+63.1%	-127,4 k €	+44.6%	-229,9 k €	-226%	-70,5 k €	-104%	1,7 M €	-18.4%	2,1 M €	+2207%	-101,5 k €	-223%	-31,4 k €	+13.9%	-36,4 k €	-116%	-16,9 k €	+40.4%	-28,3 k €	+40.1%	-47,2 k €	-6.2%	-44,5 k €	-18.3%	-37,6 k €	+44.5%	-67,7 k €
Balance sheet
Equity	3,6 M €	-1.3%	3,7 M €	-2.5%	3,8 M €	-0.6%	3,8 M €	-1.2%	3,9 M €	+0.5%	3,8 M €	-5.7%	4,1 M €	+5.3%	3,9 M €	+82.6%	2,1 M €	+8734%	-24,5 k €	+61.3%	-63,3 k €	+70.1%	-211,9 k €	-20.8%	-175,4 k €	-10.6%	-158,6 k €	-21.7%	-130,3 k €	-56.8%	-83,1 k €	-115%	-38,6 k €	-3491%	-1,1 k €
Total assets	10 M €	-0.7%	10 M €	-1.1%	10,2 M €	-0.5%	10,2 M €	+1.2%	10,1 M €	+20.2%	8,4 M €	+25.9%	6,7 M €	-1.8%	6,8 M €	-23.5%	8,9 M €	+73.2%	5,1 M €	+252%	1,5 M €	+134%	620,9 k €	+37.9%	450,3 k €	-0.1%	450,9 k €	-0.2%	451,6 k €	-3.4%	467,6 k €	-5.9%	496,7 k €	-7.0%	534,3 k €
Cash	112,2 k €	+27.5%	88 k €	-77.5%	391,7 k €	+152%	155,5 k €	+428%	29,4 k €	-82.4%	166,7 k €	-68.8%	534,3 k €	-78.5%	2,5 M €	+5073%	48 k €	-52.7%	101,6 k €	-79.2%	489,5 k €	+182%	173,9 k €	+25967%	667 €	-44.6%	1,2 k €	-36.3%	1,9 k €	-89.3%	17,7 k €	-46.6%	33,2 k €	-1.0%	33,5 k €
Debts	5,3 M €	+0.8%	5,3 M €	+1.1%	5,2 M €	+0.6%	5,2 M €	+4.8%	5 M €	+61.6%	3,1 M €	+194%	1 M €	+0.5%	1 M €	-81.5%	5,6 M €	+13.2%	5 M €	+233%	1,5 M €	+92.4%	776,4 k €	+32.2%	587,1 k €	+0.1%	586,5 k €	+6.4%	551,2 k €	+6.0%	519,8 k €	+1.6%	511,8 k €	-0.0%	511,8 k €
Other
Workforce	0,0 ETP		0,0 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 30/06/2025 · 4 active · 38 ended

Active mandates

André Adams

Managing director · since 12 mai 2023

Active

Annelies Adams

Managing director · since 12 mai 2023 · until 12 mai 2029

Active

Mark Adams

Director · since 12 mai 2023 · until 12 mai 2029

Active

Sven Bardyn

Director · since 12 mai 2023 · until 12 mai 2029

Active

Ended mandates

André Adams

bestuurder · since 30 juillet 2021 · until 30 juillet 2027

Ended

Annelies Adams

Managing director · since 30 juillet 2021 · until 30 juillet 2027

Ended

Mark Adams

Director · since 30 juillet 2021 · until 30 juillet 2027

Ended

Sven Bardyn

Director · since 30 juillet 2021 · until 30 juillet 2027

Ended

At this address

Other companies at this address

Company	CBE no.
VEGURA● Active	0473.606.161

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	31/01/2025	05/01/2024	26/01/2023	28/01/2022	31/08/2021
General meeting	30/12/2025	30/12/2024	05/12/2023	29/12/2022	31/12/2021	30/12/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	30/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	05/12/2023	05/01/2024	Dutch	PDF
Abridged model	30/06/2022	29/12/2022	26/01/2023	Dutch	PDF
Micro model	30/06/2021	31/12/2021	28/01/2022	Dutch	PDF
Abridged modelCorrection	30/06/2020	30/12/2020	31/08/2021	Dutch	PDF
Abridged model	30/06/2020	30/12/2020	28/01/2021	Dutch	PDF
Abridged model	30/06/2019	30/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	30/12/2018	25/01/2019	Dutch	PDF
Abridged model	30/06/2017	30/01/2018	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	31/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	30/12/2015	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	08/01/2015	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	31/01/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	31/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	30/12/2010	21/01/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	28/01/2010	Dutch	PDF
Abridged model	30/06/2008	31/12/2008	30/01/2009	Dutch	PDF
Abridged model	30/06/2007	26/12/2007	11/01/2008	Dutch	PDF
Abridged model	30/06/2006	12/12/2006	10/01/2007	Dutch	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 30/06/2025 · 4 active · 38 ended

Active mandates

André Adams

Managing director · since 12 mai 2023

Active

Annelies Adams

Managing director · since 12 mai 2023 · until 12 mai 2029

Active

Mark Adams

Director · since 12 mai 2023 · until 12 mai 2029

Active

Sven Bardyn

Director · since 12 mai 2023 · until 12 mai 2029

Active

Ended mandates

André Adams

bestuurder · since 30 juillet 2021 · until 30 juillet 2027

Ended

Annelies Adams

Managing director · since 30 juillet 2021 · until 30 juillet 2027

Ended

Mark Adams

Director · since 30 juillet 2021 · until 30 juillet 2027

Ended

Sven Bardyn

Director · since 30 juillet 2021 · until 30 juillet 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/08/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/05/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/04/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2006
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

2025
Annual accounts 2025-48,4 k €↑
2024
Annual accounts 2024-91,6 k €↓
2023
Annual accounts 2023-23,5 k €↑
2022
Annual accounts 2022-47 k €↑
2021
Annual accounts 2021-127,4 k €↑
2020
Annual accounts 2020-229,9 k €↓
2019
Annual accounts 2019-70,5 k €↓
2018
Annual accounts 20181,7 M €↓
2017
Annual accounts 20172,1 M €↑
2016
Annual accounts 2016-101,5 k €↓
2014
Annual accounts 2014-31,4 k €↑
2013
Annual accounts 2013-36,4 k €↓
2012
Annual accounts 2012-16,9 k €↑
2011
Annual accounts 2011-28,3 k €↑
2010
Annual accounts 2010-47,2 k €↓
2009
Annual accounts 2009-44,5 k €↓
2008
Annual accounts 2008-37,6 k €↑
2007
Annual accounts 2007-67,7 k €
25/04/2000
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

QUERCURIUS

Overview

What does QUERCURIUS do?

Trend over 18 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