QSOURCES
0478.212.968 · rovalta.com · 21/09/2026
ACTIVE
QSOURCES
Financial year 2025 · closed on 31/03/2025
Net result
204 k €
-24.0% YoY
Gross margin
689 k €
-14.0% YoY
Equity
597,4 k €
+51.8% YoY
Workforce
6,1 ETP
+3.4% YoY
Overview
What does QSOURCES do?
QSOURCES is a Private limited company incorporated in 2002. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Diest. It employs on average 6,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.212.968
Incorporation
27/08/2002
Legal form
Private limited company
Registered office
Ketelwinning 38
3293 Diest · FlandreSee on map
3293 Diest · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/03/2025
Average workforce
6,1 ETP
Activities (NACE)
26510Manufacture of instruments and appliances for measuring, testing and navigation· main26510Manufacture of instruments and appliances for measuring, testing and navigation33201Installation of industrial machinery and equipment71209Technical testing and analysis71209Technical testing and analysis74302Translation and interpretation activities
Joint committees (2)
- 14901
- 200
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 689 k € | -14.0% | 801,1 k € | +36.7% | 586,1 k € | +41.3% | 414,7 k € | +7.5% | 385,8 k € | -12.6% | 441,3 k € | -48.7% | 860,5 k € | +24.6% | 690,8 k € | +42.3% | 485,4 k € | +37.3% | 353,4 k € | -48.2% | 682,3 k € | +21.0% | 563,8 k € | +133% | 241,7 k € | +152% | 95,8 k € | -35.3% | 148 k € | +780% | 16,8 k € | -42.9% | 29,5 k € | -55.2% | 65,8 k € | +44.8% | 45,4 k € |
| EBITDA | 254,4 k € | -34.9% | 390,8 k € | +59.2% | 245,6 k € | +121% | 110,9 k € | -24.7% | 147,4 k € | -13.5% | 170,4 k € | -70.2% | 572,3 k € | +18.2% | 484 k € | +56.2% | 309,8 k € | +39.9% | 221,5 k € | -62.0% | 582,5 k € | +25.5% | 464,1 k € | +182% | 164,4 k € | +127% | 72,3 k € | -47.2% | 137,1 k € | +1440% | 8,9 k € | -55.9% | 20,2 k € | -69.1% | 65,2 k € | +45.4% | 44,8 k € |
| Operating result | 238,5 k € | -34.8% | 366 k € | +73.2% | 211,4 k € | +138% | 89 k € | -29.5% | 126,3 k € | -16.2% | 150,7 k € | -72.8% | 554,7 k € | +20.4% | 460,9 k € | +62.4% | 283,8 k € | +47.6% | 192,2 k € | -65.2% | 552,9 k € | +27.4% | 433,9 k € | +211% | 139,5 k € | +177% | 50,3 k € | -59.2% | 123,3 k € | +4285% | -2,9 k € | -138% | 7,7 k € | -85.1% | 51,8 k € | +59.2% | 32,5 k € |
| Net result | 204 k € | -24.0% | 268,5 k € | +107% | 129,7 k € | +47.0% | 88,3 k € | -17.2% | 106,6 k € | -22.8% | 138 k € | -67.4% | 422,9 k € | +25.1% | 338 k € | +63.6% | 206,6 k € | +35.6% | 152,4 k € | -58.9% | 370,7 k € | +13.5% | 326,5 k € | +244% | 94,9 k € | +123% | 42,5 k € | -49.7% | 84,4 k € | +3016% | -2,9 k € | -135% | 8,3 k € | -80.7% | 43,1 k € | +104% | 21,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 597,4 k € | +51.8% | 393,5 k € | -40.3% | 658,6 k € | +4.7% | 628,9 k € | -19.4% | 780,6 k € | +1.2% | 771,4 k € | +18.1% | 653 k € | +45.1% | 449,9 k € | -19.9% | 561,9 k € | -14.2% | 655,2 k € | +0.1% | 654,8 k € | +1.7% | 644,1 k € | +84.3% | 349,6 k € | +37.3% | 254,7 k € | +20.0% | 212,2 k € | +66.0% | 127,8 k € | -2.2% | 130,7 k € | +6.8% | 122,4 k € | +54.3% | 79,3 k € |
| Total assets | 723,1 k € | -32.2% | 1,1 M € | +18.2% | 902,3 k € | -12.6% | 1 M € | +1.8% | 1 M € | -1.1% | 1 M € | +1.2% | 1 M € | -7.1% | 1,1 M € | +15.7% | 942,7 k € | -0.6% | 948,4 k € | -20.2% | 1,2 M € | +45.7% | 816 k € | +77.0% | 461 k € | +52.3% | 302,6 k € | +6.0% | 285,5 k € | +78.4% | 160,1 k € | +3.6% | 154,5 k € | -1.3% | 156,4 k € | -15.7% | 185,6 k € |
| Cash | 457,6 k € | -47.8% | 876,6 k € | +52.7% | 573,9 k € | -13.3% | 662 k € | +16.0% | 570,5 k € | +31.3% | 434,5 k € | -13.2% | 500,7 k € | -3.0% | 516,2 k € | -2.7% | 530,3 k € | +169% | 197,4 k € | -74.5% | 774,1 k € | +41.5% | 547,1 k € | +65.7% | 330,1 k € | +64.2% | 201,1 k € | +8.3% | 185,7 k € | +49.4% | 124,3 k € | +33.3% | 93,3 k € | +23.4% | 75,6 k € | -44.6% | 136,4 k € |
| Debts | 125,7 k € | -81.3% | 673,4 k € | +176% | 243,8 k € | -39.5% | 403,2 k € | +72.8% | 233,3 k € | -8.0% | 253,7 k € | -29.5% | 359,8 k € | -43.8% | 640,5 k € | +68.2% | 380,8 k € | +29.9% | 293,2 k € | -45.1% | 533,7 k € | +211% | 171,9 k € | +54.3% | 111,4 k € | +132% | 47,9 k € | -34.6% | 73,3 k € | +127% | 32,3 k € | +35.8% | 23,8 k € | -30.2% | 34 k € | -67.9% | 106,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 6,1 ETP | +3.4% | 5,9 ETP | +9.3% | 5,4 ETP | 0.0% | 5,4 ETP | +22.7% | 4,4 ETP | -13.7% | 5,1 ETP | 0.0% | 5,1 ETP | +27.5% | 4,0 ETP | +29.0% | 3,1 ETP | +29.2% | 2,4 ETP | +9.1% | 2,2 ETP | +10.0% | 2,0 ETP | +25.0% | 1,6 ETP | +77.8% | 0,9 ETP | – | – | – | – | – | |||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/03/2025 · 1 active · 4 ended
Active mandates
Petrus Van der Linden
ActiveEnded mandates
Petrus Van der Linden
EndedPetrus Van der Linden
EndedPetrus Van der Linden
EndedRSonance
EndedFinancials
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 | 01/04/2024 | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 |
| Closing of the financial year | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 20/10/2025 | 25/10/2024 | 29/11/2023 | 10/10/2022 | 25/10/2021 | 13/11/2020 |
| General meeting | 26/09/2025 | 27/09/2024 | 29/09/2023 | 30/09/2022 | 24/09/2021 | 25/09/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/03/2025 | 26/09/2025 | 20/10/2025 | Dutch | |
| Abridged model | 31/03/2024 | 27/09/2024 | 25/10/2024 | Dutch | |
| Abridged model | 31/03/2023 | 29/09/2023 | 29/11/2023 | Dutch | |
| Abridged model | 31/03/2022 | 30/09/2022 | 10/10/2022 | Dutch | |
| Abridged model | 31/03/2021 | 24/09/2021 | 25/10/2021 | Dutch | |
| Abridged model | 31/03/2020 | 25/09/2020 | 13/11/2020 | Dutch | |
| Abridged model | 31/03/2019 | 27/09/2019 | 29/11/2019 | Dutch | |
| Abridged model | 31/03/2018 | 28/09/2018 | 16/10/2018 | Dutch | |
| Abridged model | 31/03/2017 | 29/09/2017 | 31/10/2017 | Dutch | |
| Abridged model | 31/03/2016 | 30/09/2016 | 13/10/2016 | Dutch | |
| Abridged model | 31/03/2015 | 25/09/2015 | 25/11/2015 | Dutch | |
| Abridged model | 31/03/2014 | 11/09/2014 | 28/09/2014 | Dutch | |
| Abridged model | 31/03/2013 | 20/09/2013 | 14/10/2013 | Dutch | |
| Abridged model | 31/03/2012 | 30/09/2012 | 26/11/2012 | Dutch | |
| Abridged model | 31/03/2011 | 30/09/2011 | 12/12/2011 | Dutch | |
| Abridged model | 31/03/2010 | 30/09/2010 | 29/10/2010 | Dutch | |
| Abridged model | 31/03/2009 | 30/09/2009 | 30/10/2009 | Dutch | |
| Abridged model | 31/03/2008 | 21/10/2008 | 31/10/2008 | Dutch | |
| Abridged model | 31/03/2007 | 21/09/2007 | 26/09/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/03/2025 · 1 active · 4 ended
Active mandates
Petrus Van der Linden
ActiveEnded mandates
Petrus Van der Linden
EndedPetrus Van der Linden
EndedPetrus Van der Linden
EndedRSonance
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025204 k €↓
- 2024Annual accounts 2024268,5 k €↑
- 2023Annual accounts 2023129,7 k €↑
- 2022Annual accounts 202288,3 k €↓
- 2021Annual accounts 2021106,6 k €↓
- 2020Annual accounts 2020138 k €↓
- 2019Annual accounts 2019422,9 k €↑
- 2018Annual accounts 2018338 k €↑
- 2017Annual accounts 2017206,6 k €↑
- 2016Annual accounts 2016152,4 k €↓
- 2015Annual accounts 2015370,7 k €↑
- 2014Annual accounts 2014326,5 k €↑
- 2013Annual accounts 201394,9 k €↑
- 2012Annual accounts 201242,5 k €↓
- 2011Annual accounts 201184,4 k €↑
- 2010Annual accounts 2010-2,9 k €↓
- 2009Annual accounts 20098,3 k €↓
- 2008Annual accounts 200843,1 k €↑
- 2007Annual accounts 200721,1 k €
- 27/08/2002IncorporationPrivate limited company