ACTIVE

QASEM CONSTRUCTION

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Financial year 2025 · closed on 31/12/2025

Net result

146,7 k €

+97.0% YoY

Gross margin

427,8 k €

+36.8% YoY

Equity

913,7 k €

+10.5% YoY

Workforce

180 664,3 ETP

What does QASEM CONSTRUCTION do?

QASEM CONSTRUCTION is a Private limited company incorporated in 2000. Its main activity is: Construction of buildings. Its registered office is in Virton. It employs on average 180 664,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.444.231

Incorporation

06/12/2000

Legal form

Private limited company

Registered office

Zoning-Artisanal, Latour SN
6761 Virton · Wallonie

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

180 664,3 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43120Site preparation 43120Site preparation 45112Sale of cars and light motor vehicles 45211Maintenance and repair of motor vehicles+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	427,8 k €	+36.8%	312,7 k €	+8.6%	288 k €	+53.3%	187,8 k €	-38.4%	304,7 k €	-8.7%	333,8 k €	-6.4%	356,7 k €	+20.5%	295,9 k €	+21.0%	244,5 k €	+9.8%	222,6 k €	-29.8%	317,1 k €	+118%	145,7 k €	-43.0%	255,8 k €	+86.7%	137 k €	+15.9%	118,3 k €	+9.3%	108,2 k €	-8.2%	117,8 k €	-21.8%	150,7 k €	-20.7%	190,1 k €	-15.3%	224,4 k €
EBITDA	236,4 k €	+63.9%	144,2 k €	-16.0%	171,5 k €	+169%	63,9 k €	-59.4%	157,5 k €	+6.0%	148,6 k €	-35.1%	229 k €	+56.7%	146,1 k €	+26.8%	115,2 k €	-6.6%	123,4 k €	-43.8%	219,6 k €	+402%	43,8 k €	-74.9%	174,1 k €	+142%	72 k €	+9.8%	65,6 k €	-2.8%	67,5 k €	+15.0%	58,6 k €	-21.8%	74,9 k €	-13.4%	86,5 k €	-28.4%	120,9 k €
Operating result	213,1 k €	+90.0%	112,1 k €	-21.3%	142,4 k €	+299%	35,7 k €	-70.3%	120,3 k €	+33.2%	90,4 k €	-50.0%	180,8 k €	+88.8%	95,8 k €	+60.8%	59,6 k €	-24.9%	79,3 k €	-59.3%	195,1 k €	+5003%	3,8 k €	-97.1%	133,3 k €	+310%	32,5 k €	+22.3%	26,6 k €	-12.6%	30,4 k €	+81.1%	16,8 k €	-27.7%	23,3 k €	-11.1%	26,2 k €	-64.9%	74,5 k €
Net result	146,7 k €	+97.0%	74,5 k €	-23.9%	97,8 k €	+272%	26,3 k €	-67.6%	81 k €	+16.1%	69,7 k €	-42.3%	120,8 k €	+81.2%	66,7 k €	+70.6%	39,1 k €	-22.6%	50,5 k €	-61.0%	129,6 k €	+12465%	1 k €	-98.9%	96,8 k €	+299%	24,3 k €	+60.9%	15,1 k €	+12.7%	13,4 k €	-46.7%	25,1 k €	+6.6%	23,6 k €	-15.5%	27,9 k €	-49.6%	55,4 k €
Balance sheet
Equity	913,7 k €	+10.5%	827 k €	-5.2%	872,5 k €	+3.9%	839,6 k €	+3.2%	813,4 k €	+11.1%	732,4 k €	+10.5%	662,6 k €	+22.3%	541,8 k €	+14.0%	475,2 k €	+8.7%	437,2 k €	+12.7%	387,9 k €	+29.1%	300,5 k €	-0.0%	300,6 k €	+16.3%	258,4 k €	+1.6%	254,3 k €	-1.9%	259,3 k €	-13.2%	298,7 k €	+8.7%	274,7 k €	+14.1%	240,8 k €	+13.1%	212,9 k €
Total assets	1,1 M €	+4.1%	1 M €	+6.7%	972,3 k €	+9.7%	886,5 k €	+3.3%	857,8 k €	+1.3%	846,8 k €	+2.7%	824,6 k €	+23.8%	666,1 k €	+4.0%	640,8 k €	-0.8%	645,8 k €	+4.1%	620,6 k €	+29.2%	480,5 k €	-11.7%	544,3 k €	+10.9%	490,9 k €	+8.2%	453,8 k €	+1.8%	445,6 k €	+3.8%	429,4 k €	-13.0%	493,5 k €	+0.7%	490 k €	+16.5%	420,7 k €
Cash	908,6 k €	-0.9%	916,8 k €	+23.5%	742,6 k €	+5.6%	703,4 k €	+6.5%	660,5 k €	+4.3%	633,1 k €	+6.2%	596,4 k €	+39.5%	427,5 k €	+28.2%	333,5 k €	-21.7%	426,2 k €	+23.2%	345,8 k €	+23.4%	280,1 k €	+10.5%	253,6 k €	+136%	107,4 k €	+69.7%	63,3 k €	-30.8%	91,5 k €	-3.4%	94,7 k €	-28.5%	132,4 k €	+868%	13,7 k €	-93.8%	220,6 k €
Debts	159,7 k €	-22.7%	206,5 k €	+110%	98,4 k €	+114%	46,1 k €	+5.3%	43,8 k €	-61.4%	113,4 k €	-29.5%	160,8 k €	+31.5%	122,3 k €	-24.1%	161,1 k €	-20.4%	202,4 k €	-10.2%	225,5 k €	+31.5%	171,4 k €	-26.9%	234,6 k €	+5.5%	222,4 k €	+17.1%	190 k €	+7.3%	177,1 k €	+40.7%	125,9 k €	-41.0%	213,4 k €	-14.4%	249,2 k €	+19.9%	207,8 k €
Other
Workforce	180 664,3 ETP		–		–		–		–		–		–		–		–		–		3,6 ETP	+9.1%	3,3 ETP	0.0%	3,3 ETP	+6.5%	3,1 ETP	+24.0%	2,5 ETP		–		1,9 ETP	-24.0%	2,5 ETP	-16.7%	3,0 ETP	0.0%	3,0 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 31/12/2025 · 1 active

Active mandates

Bayan Qasem

Mandate

Active

At this address

Other companies at this address

Company	CBE no.
JFE Virton● Active	0554.887.213
Les Amis Cyclistes Gaumais ASBL● Active	0646.773.234

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	14/04/2026	27/03/2025	22/03/2024	27/06/2023	25/07/2022	27/05/2021
General meeting	31/03/2026	19/03/2025	29/01/2024	22/06/2023	24/05/2022	18/05/2021
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	31/03/2026	14/04/2026	French	PDF
Micro model	31/12/2024	19/03/2025	27/03/2025	French	PDF
Micro model	31/12/2023	29/01/2024	22/03/2024	French	PDF
Micro model	31/12/2022	22/06/2023	27/06/2023	French	PDF
Micro model	31/12/2021	24/05/2022	25/07/2022	French	PDF
Micro model	31/12/2020	18/05/2021	27/05/2021	French	PDF
Micro model	31/12/2019	19/05/2020	08/07/2020	French	PDF
Micro model	31/12/2018	21/06/2019	30/07/2019	French	PDF
Micro model	31/12/2017	22/05/2018	08/06/2018	French	PDF
Micro model	31/12/2016	16/05/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	04/07/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	20/05/2014	02/06/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	25/07/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	22/06/2012	French	PDF
Abridged model	31/12/2010	24/05/2011	07/07/2011	French	PDF
Abridged model	31/12/2009	15/05/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	19/05/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	13/11/2008	05/02/2009	French	PDF
Abridged model	31/12/2006	10/05/2007	30/08/2007	French	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 31/12/2025 · 1 active

Active mandates

Bayan Qasem

Mandate

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other31/03/2021
DIVERS
PDF
Registered office09/01/2007
SIEGE SOCIAL
PDF
Mandates14/01/2005
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025146,7 k €↑
2024
Annual accounts 202474,5 k €↓
2023
Annual accounts 202397,8 k €↑
2022
Annual accounts 202226,3 k €↓
2021
Annual accounts 202181 k €↑
2020
Annual accounts 202069,7 k €↓
2019
Annual accounts 2019120,8 k €↑
2018
Annual accounts 201866,7 k €↑
2017
Annual accounts 201739,1 k €↓
2016
Annual accounts 201650,5 k €↓
2015
Annual accounts 2015129,6 k €↑
2014
Annual accounts 20141 k €↓
2013
Annual accounts 201396,8 k €↑
2012
Annual accounts 201224,3 k €↑
2011
Annual accounts 201115,1 k €↑
2010
Annual accounts 201013,4 k €↓
2009
Annual accounts 200925,1 k €↑
2008
Annual accounts 200823,6 k €↓
2007
Annual accounts 200727,9 k €↓
2006
Annual accounts 200655,4 k €
06/12/2000
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

QASEM CONSTRUCTION

Overview

What does QASEM CONSTRUCTION do?

Trend over 20 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