ACTIVE

QSTM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

47,7 k €

+201.5% YoY

Gross margin

4,1 k €

-87.6% YoY

Equity

529,4 k €

-7.9% YoY

What does QSTM do?

QSTM is a Private limited company incorporated in 2001. Its main activity is: Support activities for transportation. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.825.679

Incorporation

11/10/2001

Legal form

Private limited company

Registered office

Pathoekeweg 9 box 2
8000 Brugge · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

52250Support activities for transportation· main 52290Other transportation support activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	4,1 k €	-87.6%	32,9 k €	+22.1%	27 k €	-18.1%	32,9 k €	-21.6%	42 k €	+52.6%	27,5 k €	+69.4%	16,2 k €	-14.5%	19 k €	+2.8%	18,5 k €	+278%	4,9 k €	+62.3%	3 k €	-60.7%	7,7 k €	-67.2%	23,3 k €	-70.8%	80 k €	-39.9%	133,2 k €	+1.4%	131,3 k €	-23.5%	171,6 k €	-9.1%	188,9 k €	+120%	86 k €	+2071%	4 k €
EBITDA	3,5 k €	-89.1%	32,4 k €	+22.7%	26,4 k €	-18.5%	32,4 k €	-21.7%	41,4 k €	+53.1%	27,1 k €	+72.2%	15,7 k €	-14.7%	18,4 k €	+2.8%	17,9 k €	+310%	4,4 k €	+75.0%	2,5 k €	-64.5%	7 k €	-69.1%	22,8 k €	-70.9%	78,4 k €	+43.9%	54,5 k €	+24.5%	43,8 k €	-29.8%	62,4 k €	-14.7%	73,2 k €	-14.5%	85,6 k €	+2606%	3,2 k €
Operating result	3,5 k €	-89.1%	32,4 k €	+22.7%	26,4 k €	-18.5%	32,4 k €	-21.7%	41,4 k €	+53.1%	27,1 k €	+72.2%	15,7 k €	-14.7%	18,4 k €	+2.8%	17,9 k €	+310%	4,4 k €	+75.0%	2,5 k €	-64.5%	7 k €	-69.1%	22,8 k €	-70.9%	78,4 k €	+43.9%	54,5 k €	+24.5%	43,8 k €	-29.1%	61,7 k €	-14.4%	72,1 k €	-14.7%	84,5 k €	+2938%	2,8 k €
Net result	47,7 k €	+202%	15,8 k €	-88.0%	131,3 k €	+18.6%	110,8 k €	+18.8%	93,2 k €	+467%	16,5 k €	-55.1%	36,7 k €	+340%	8,3 k €	-15.5%	9,8 k €	+383%	-3,5 k €	-1498%	249,2 €	+106%	-4,1 k €	-245%	2,8 k €	-91.4%	32,7 k €	+89.7%	17,2 k €	+87.8%	9,2 k €	-58.7%	22,2 k €	-27.0%	30,5 k €	-16.1%	36,3 k €	+1896%	1,8 k €
Balance sheet
Equity	529,4 k €	-7.9%	574,9 k €	+2.8%	559,1 k €	+30.7%	427,8 k €	+34.9%	317 k €	+41.7%	223,8 k €	+7.9%	207,3 k €	+21.5%	170,7 k €	+5.1%	162,3 k €	+6.5%	152,5 k €	-2.2%	156 k €	+0.2%	155,7 k €	-2.5%	159,8 k €	+1.8%	157 k €	+26.3%	124,3 k €	+16.1%	107 k €	+9.8%	97,5 k €	+29.5%	75,3 k €	+67.9%	44,8 k €	+425%	8,5 k €
Total assets	577,3 k €	-5.8%	613 k €	+1.9%	601,5 k €	+3.0%	584,2 k €	+1.3%	576,8 k €	+4.0%	554,6 k €	-1.1%	560,5 k €	+1.5%	552,3 k €	+0.3%	550,9 k €	-0.5%	553,8 k €	-0.6%	556,9 k €	-0.1%	557,6 k €	+0.2%	556,7 k €	-9.4%	614,6 k €	+8.6%	565,9 k €	-3.3%	585,3 k €	+5.9%	552,7 k €	-13.7%	640,2 k €	+1.5%	630,9 k €	+5979%	10,4 k €
Cash	23 k €	+15.0%	20 k €	+118%	9,2 k €	-33.0%	13,7 k €	+32.1%	10,3 k €	+77.6%	5,8 k €	-48.5%	11,3 k €	+360%	2,5 k €	+67.7%	1,5 k €		–		516,6 €		–		–		2,2 k €	+301%	547,8 €	-96.6%	16 k €	+3762%	413,3 €	-30.5%	594,7 €	-98.1%	31,1 k €	+1393%	2,1 k €
Debts	47,9 k €	+25.9%	38,1 k €	-10.2%	42,4 k €	-72.9%	156,5 k €	-39.8%	259,8 k €	-21.5%	330,8 k €	-4.8%	347,7 k €	-7.5%	376 k €	-1.8%	382,8 k €	-4.6%	401,3 k €	+0.1%	401 k €	+0.0%	400,9 k €	+1.2%	396,2 k €	-13.2%	456,2 k €	+3.3%	441,6 k €	-7.2%	476 k €	+4.6%	455,1 k €	-19.4%	564,9 k €	-3.1%	583,1 k €	+31678%	1,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-86.7%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Kris Van Hecken

Director · since 05 mai 2023

Active

Ended mandates

Christiaan Van Hecken

Manager · since 01 décembre 2009

Ended

Kris Van Hecken

Director · since 01 décembre 2009

Ended

Eddy Mees

Manager · since 26 septembre 2001 · until 31 décembre 2049

Ended

Luc De Kerf

Manager · since 26 septembre 2001 · until 31 décembre 2049

Ended

At this address

Other companies at this address

Company	CBE no.
DD Motors● Active	1020.463.754
DTL Construct● Active	1006.590.477
Eagle● Active	0419.861.728
EL.G.B. Holding● Active	0775.729.685
EL.G.B. - West-Vlaanderen● Active	0405.110.897
ELGB WIJN● Active	0716.737.354
FAST & FRESH● Active	0894.622.486
ITICON● Active	0440.163.531
PURE PARKET● Active	0507.715.321
SOCIAAL ONDERNEMEN BRUGGE EN OMGEVING AAN HET WERK● Active	0863.423.427
Sociaal-Pedagogisch en Psychologisch Studiebureau● Active	0415.013.807
STIJNVEST● Active	1014.501.620
Vereniging Van Mede-Eigenaars Residentie Pathoekeweg Brugge Pathoekeweg 9● Active	0682.607.311

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	12/06/2026	08/08/2025	29/08/2024	22/06/2023	24/06/2022	31/08/2021
General meeting	10/06/2026	30/06/2025	30/06/2024	16/06/2023	17/06/2022	30/06/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	12/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	08/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	24/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	01/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 · 9 ended

Active mandates

Kris Van Hecken

Director · since 05 mai 2023

Active

Ended mandates

Christiaan Van Hecken

Manager · since 01 décembre 2009

Ended

Kris Van Hecken

Director · since 01 décembre 2009

Ended

Eddy Mees

Manager · since 26 septembre 2001 · until 31 décembre 2049

Ended

Luc De Kerf

Manager · since 26 septembre 2001 · until 31 décembre 2049

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/07/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other03/04/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office06/04/2007
MAATSCHAPPELIJKE ZETEL
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 202547,7 k €↑
2024
Annual accounts 202415,8 k €↓
2023
Annual accounts 2023131,3 k €↑
2022
Annual accounts 2022110,8 k €↑
2021
Annual accounts 202193,2 k €↑
2020
Annual accounts 202016,5 k €↓
2019
Annual accounts 201936,7 k €↑
2018
Annual accounts 20188,3 k €↓
2017
Annual accounts 20179,8 k €↑
2016
Annual accounts 2016-3,5 k €↓
2015
Annual accounts 2015249,2 €↑
2014
Annual accounts 2014-4,1 k €↓
2013
Annual accounts 20132,8 k €↓
2012
Annual accounts 201232,7 k €↑
2011
Annual accounts 201117,2 k €↑
2010
Annual accounts 20109,2 k €↓
2009
Annual accounts 200922,2 k €↓
2008
Annual accounts 200830,5 k €↓
2007
Annual accounts 200736,3 k €↑
2006
Annual accounts 20061,8 k €
11/10/2001
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

QSTM

Overview

What does QSTM 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