ACTIVE

QSL

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Financial year 2025 · closed on 31/12/2025

Net result

35,0 k €

+33.6% YoY

Gross margin

315,9 k €

-2.5% YoY

Equity

256,6 k €

+15.8% YoY

What does QSL do?

QSL is a Private limited company incorporated in 2002. Its main activity is: Architectural and engineering activities; technical testing and analysis. Its registered office is in Boutersem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.014.821

Incorporation

07/03/2002

Legal form

Private limited company

Registered office

Malendriesstraat 65
3370 Boutersem · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

71340Architectural and engineering activities; technical testing and analysis· main 77229Rental of video tapes and disks 77299Rental and leasing of other personal and household goods 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	315,9 k €	-2.5%	324,0 k €	-3.8%	336,8 k €	-5.2%	355,2 k €	+294%	90,2 k €	+287%	23,3 k €	-80.4%	119,0 k €	-21.0%	150,7 k €	+70.1%	88,6 k €	+84.1%	48,1 k €	+30.5%	36,9 k €	-34.9%	56,7 k €	+23.0%	46,1 k €	+10.6%	41,6 k €	-8.2%	45,4 k €	-44.0%	81,0 k €	+308%	19,9 k €	-76.7%	85,3 k €	-16.0%	101,6 k €	+112%	48,0 k €
EBITDA	246,7 k €	+1.2%	243,7 k €	-10.3%	271,8 k €	-6.0%	289,1 k €	+269%	78,3 k €	+377%	16,4 k €	-84.1%	102,8 k €	-31.5%	150,0 k €	+70.4%	88,1 k €	+85.4%	47,5 k €	+29.7%	36,6 k €	-35.1%	56,4 k €	+22.9%	45,9 k €	+10.4%	41,6 k €	-6.6%	44,5 k €	-45.0%	81,0 k €	+326%	19,0 k €	-73.1%	70,7 k €	-20.2%	88,7 k €	+208%	28,8 k €
Operating result	60,4 k €	-49.5%	119,6 k €	-45.1%	218,0 k €	+24.6%	174,9 k €	+1135%	14,2 k €	+125%	-57,2 k €	-388%	19,8 k €	+11.0%	17,9 k €	+64.6%	10,9 k €	-14.9%	12,8 k €	+166%	4,8 k €	-45.2%	8,7 k €	+47.3%	5,9 k €	-36.1%	9,3 k €	-15.5%	11,0 k €	-83.1%	65,2 k €	+303%	-32,1 k €	-442%	9,4 k €	-56.2%	21,4 k €	+360%	-8,2 k €
Net result	35,0 k €	+33.6%	26,2 k €	-29.5%	37,1 k €	-74.7%	146,7 k €	+1691%	8,2 k €	+112%	-67,1 k €	-397%	22,5 k €	+88.8%	11,9 k €	+213%	3,8 k €	-42.6%	6,6 k €	+668%	865,1 €	-70.5%	2,9 k €	+168%	1,1 k €	-9.0%	1,2 k €	-75.4%	4,9 k €	-83.6%	29,8 k €	+207%	-28,0 k €	-1320%	2,3 k €	-82.6%	13,2 k €	+206%	-12,5 k €
Balance sheet
Equity	256,6 k €	+15.8%	221,7 k €	+13.4%	195,5 k €	+10.4%	177,0 k €	+484%	30,3 k €	+37.0%	22,1 k €	-75.2%	89,2 k €	+37.4%	64,9 k €	+22.5%	53,0 k €	+7.8%	49,2 k €	+15.6%	42,5 k €	+2.1%	41,7 k €	+7.6%	38,7 k €	+2.9%	37,6 k €	+3.3%	36,4 k €	+15.5%	31,5 k €	+1724%	1,7 k €	-94.2%	29,7 k €	+8.4%	27,4 k €	+92.9%	14,2 k €
Total assets	916,8 k €	-5.8%	973,2 k €	+81.1%	537,2 k €	+2.2%	525,4 k €	+47.6%	356,0 k €	+21.7%	292,6 k €	-23.9%	384,6 k €	+2.0%	377,0 k €	+24.0%	304,1 k €	+21.9%	249,5 k €	+36.3%	183,1 k €	-2.3%	187,4 k €	-18.2%	229,2 k €	+33.4%	171,8 k €	+12.1%	153,4 k €	+0.4%	152,7 k €	+121%	69,1 k €	-57.0%	160,8 k €	-43.4%	284,1 k €	+86.1%	152,7 k €
Cash	54,0 k €	+42.0%	38,0 k €	+5.7%	35,9 k €	-0.3%	36,0 k €	+271%	9,7 k €		–		–		–		–		–		–		–		–		–		3,4 k €	-74.0%	13,1 k €	+5695%	225,4 €	-48.2%	435,0 €	+329%	101,5 €	+0.4%	101,0 €
Debts	628,0 k €	-12.4%	717,0 k €	+134%	305,8 k €	-12.2%	348,4 k €	+7.0%	325,7 k €	+20.4%	270,4 k €	-8.4%	295,4 k €	-2.2%	302,1 k €	+20.3%	251,1 k €	+25.3%	200,4 k €	+42.5%	140,6 k €	-3.6%	145,8 k €	-23.5%	190,5 k €	+42.0%	134,2 k €	+14.8%	116,9 k €	-3.2%	120,8 k €	+79.4%	67,4 k €	-48.5%	130,9 k €	-49.0%	256,5 k €	+85.7%	138,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	-44.4%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Wim Quintelier-Volkaert

Manager

Active

Ended mandates

Karolien Goffin

Manager

Ended

Kevin Cornelis

Manager

Ended

SVEN VANHEMMENS

Manager

Ended

Sven Verbeke

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Outline Events● Active	0794.431.582

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	02/06/2026	26/05/2025	29/05/2024	25/04/2023	29/06/2022	09/07/2021
General meeting	06/03/2026	28/02/2025	30/03/2024	31/03/2023	31/03/2022	02/06/2021
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

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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	06/03/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/02/2025	26/05/2025	Dutch	PDF
Micro model	31/12/2023	30/03/2024	29/05/2024	Dutch	PDF
Micro model	31/12/2022	31/03/2023	25/04/2023	Dutch	PDF
Micro model	31/12/2021	31/03/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	02/06/2021	09/07/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	09/09/2020	Dutch	PDF
Micro model	31/12/2018	31/03/2019	03/07/2019	Dutch	PDF
Micro model	31/12/2017	30/03/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/03/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	22/03/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	08/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	03/03/2014	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	16/11/2012	Dutch	PDF
Abridged model	31/12/2010	02/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	31/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 6 ended

Active mandates

Wim Quintelier-Volkaert

Manager

Active

Ended mandates

Karolien Goffin

Manager

Ended

Kevin Cornelis

Manager

Ended

SVEN VANHEMMENS

Manager

Ended

Sven Verbeke

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring17/01/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/11/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2010
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/03/2008
MAATSCHAPPELIJKE ZETEL - 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 202535,0 k €↑
2024
Annual accounts 202426,2 k €↓
2023
Annual accounts 202337,1 k €↓
2022
Annual accounts 2022146,7 k €↑
2021
Annual accounts 20218,2 k €↑
2020
Annual accounts 2020-67,1 k €↓
2019
Annual accounts 201922,5 k €↑
2018
Annual accounts 201811,9 k €↑
2017
Annual accounts 20173,8 k €↓
2016
Annual accounts 20166,6 k €↑
2015
Annual accounts 2015865,1 €↓
2014
Annual accounts 20142,9 k €↑
2013
Annual accounts 20131,1 k €↓
2012
Annual accounts 20121,2 k €↓
2011
Annual accounts 20114,9 k €↓
2010
Annual accounts 201029,8 k €↑
2009
Annual accounts 2009-28,0 k €↓
2008
Annual accounts 20082,3 k €↓
2007
Annual accounts 200713,2 k €↑
2006
Annual accounts 2006-12,5 k €
07/03/2002
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

QSL

Overview

What does QSL 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