ACTIVE

QED SOFTWARE

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Financial year 2025 · closed on 31/12/2025

Net result

-8,9 k €

-112.6% YoY

Gross margin

-6,8 k €

-108.2% YoY

Equity

1,2 M €

+1.2% YoY

What does QED SOFTWARE do?

QED SOFTWARE is a Private limited company incorporated in 2002. Its main activity is: Computer consultancy activities. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.681.142

Incorporation

18/10/2002

Legal form

Private limited company

Registered office

Frederik Lintsstraat 131
3000 Leuven · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

Solid equityLow riskGood liquidity

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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	-6,8 k €	-108%	83 k €	-23.7%	108,7 k €	+133%	46,8 k €	+19.2%	39,2 k €	-12.0%	44,6 k €	+44.8%	30,8 k €	+35.4%	22,7 k €	-89.7%	221 k €	-11.3%	249,3 k €	-7.8%	270,5 k €	-9.9%	300,1 k €	+69.9%	176,7 k €	+44.0%	122,7 k €	+14.0%	107,6 k €	+31.2%	82 k €	-30.3%	117,8 k €	-5.9%	125,2 k €	+11.3%	112,5 k €	+8.9%	103,3 k €
EBITDA	-7,9 k €	-110%	82,3 k €	-23.8%	108,1 k €	+134%	46,1 k €	+19.5%	38,6 k €	-12.1%	43,9 k €	+45.7%	30,2 k €	+37.0%	22 k €	-90.0%	219,2 k €	-11.4%	247,5 k €	-7.9%	268,7 k €	-10.0%	298,5 k €	+70.5%	175,1 k €	+44.5%	121,2 k €	+14.2%	106,2 k €	+30.5%	81,3 k €	-30.4%	116,9 k €	-6.2%	124,6 k €	+11.3%	111,9 k €	+9.0%	102,7 k €
Operating result	-10,3 k €	-113%	80 k €	-24.2%	105,5 k €	+136%	44,6 k €	+17.2%	38,1 k €	-10.6%	42,6 k €	+47.8%	28,8 k €	+39.4%	20,7 k €	-90.6%	218,8 k €	-3.7%	227,2 k €	-8.0%	247 k €	-10.6%	276,1 k €	+78.6%	154,6 k €	+53.3%	100,9 k €	+17.5%	85,8 k €	+39.0%	61,8 k €	-46.8%	116,1 k €	-4.7%	121,7 k €	+9.8%	110,9 k €	+9.6%	101,2 k €
Net result	-8,9 k €	-113%	70,5 k €	-16.6%	84,6 k €	+1498%	5,3 k €	-88.6%	46,3 k €	+88.5%	24,5 k €	+58.5%	15,5 k €	-21.1%	19,6 k €	-87.5%	157 k €	-9.1%	172,8 k €	+35.2%	127,8 k €	-11.6%	144,5 k €	+30.2%	111 k €	+76.7%	62,8 k €	+395%	12,7 k €	-71.9%	45,2 k €	-46.5%	84,5 k €	-0.7%	85,1 k €	+13.0%	75,3 k €	+14.9%	65,5 k €
Balance sheet
Equity	1,2 M €	+1.2%	1,2 M €	+14.9%	1 M €	+17.1%	888,1 k €	-8.4%	969,1 k €	+11.2%	871,1 k €	+6.1%	821,1 k €	+4.8%	783,6 k €	+3.1%	760,1 k €	-25.4%	1 M €	+20.4%	846,4 k €	+17.8%	718,6 k €	+25.2%	574,1 k €	+7.6%	533,4 k €	+13.4%	470,5 k €	+2.8%	457,8 k €	+11.0%	412,6 k €	+25.8%	328,1 k €	+35.0%	243 k €	+44.9%	167,7 k €
Total assets	1,2 M €	+0.3%	1,2 M €	+15.4%	1 M €	+17.4%	893,6 k €	-8.8%	980,1 k €	+10.6%	886,3 k €	+6.5%	832,3 k €	+4.0%	800,1 k €	-14.4%	935,1 k €	-24.5%	1,2 M €	+14.1%	1,1 M €	+12.4%	965,6 k €	+9.5%	881,6 k €	+9.1%	808 k €	+6.7%	757,2 k €	+0.2%	755,9 k €	+72.9%	437,1 k €	+25.5%	348,2 k €	+31.8%	264,1 k €	+42.0%	186,1 k €
Cash	84,4 k €	-37.8%	135,7 k €	-15.8%	161 k €	+55.8%	103,4 k €	+10.0%	94 k €	+83.3%	51,3 k €	-65.6%	148,9 k €	-2.3%	152,4 k €	-56.3%	348,6 k €	+37.5%	253,5 k €	+62.0%	156,4 k €	+8.5%	144,2 k €	+27.5%	113,1 k €	+20.2%	94,1 k €	-69.4%	307,1 k €	+5.8%	290,2 k €	+5.8%	274,2 k €	+94.8%	140,7 k €	-30.1%	201,3 k €	+36.7%	147,2 k €
Debts	5,6 k €	-64.0%	15,5 k €	+76.5%	8,8 k €	+59.6%	5,5 k €	-50.2%	11 k €	-27.1%	15,1 k €	+34.7%	11,2 k €	-31.5%	16,4 k €	-90.6%	175 k €	-20.0%	218,8 k €	-8.3%	238,5 k €	-3.4%	247 k €	-19.7%	307,5 k €	+12.0%	274,6 k €	-4.2%	286,7 k €	-3.8%	298,1 k €	+1117%	24,5 k €	+21.9%	20,1 k €	-4.8%	21,1 k €	+15.3%	18,3 k €

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 · 2 active · 3 ended

Active mandates

Marleen Donne

Director

Active

Peter Gotink

Director

Active

Ended mandates

Marleen Donne

Andere functie

Ended

Marleen Donne

Manager

Ended

Peter Gotink

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	31/12/2020	31/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	13 months	13 months
Filing date	27/06/2026	29/08/2025	22/06/2024	18/07/2023	15/07/2022	31/05/2021
General meeting	23/06/2026	30/06/2025	24/05/2024	21/06/2023	30/06/2022	21/05/2021
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
Micro model	31/12/2025	23/06/2026	27/06/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	24/05/2024	22/06/2024	Dutch	PDF
Micro model	31/12/2022	21/06/2023	18/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Micro model	30/12/2020	21/05/2021	31/05/2021	Dutch	PDF
Micro model	30/12/2019	15/06/2020	03/07/2020	Dutch	PDF
Micro model	30/12/2018	17/06/2019	04/07/2019	Dutch	PDF
Micro model	30/12/2017	18/06/2018	26/06/2018	Dutch	PDF
Abridged model	30/12/2016	19/06/2017	20/06/2017	Dutch	PDF
Abridged model	30/12/2015	27/06/2016	12/07/2016	Dutch	PDF
Abridged model	30/12/2014	10/06/2015	30/06/2015	Dutch	PDF
Abridged model	30/12/2013	20/06/2014	01/07/2014	Dutch	PDF
Abridged model	30/12/2012	24/06/2013	24/06/2013	Dutch	PDF
Abridged model	30/12/2011	25/06/2012	25/07/2012	Dutch	PDF
Abridged model	30/12/2010	28/06/2011	07/07/2011	Dutch	PDF
Abridged model	30/12/2009	28/06/2010	28/06/2010	Dutch	PDF
Abridged model	30/12/2008	15/06/2009	22/06/2009	Dutch	PDF
Abridged model	30/12/2007	16/06/2008	25/06/2008	Dutch	PDF
Abridged model	30/12/2006	18/06/2007	18/07/2007	Dutch	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 · 2 active · 3 ended

Active mandates

Marleen Donne

Director

Active

Peter Gotink

Director

Active

Ended mandates

Marleen Donne

Andere functie

Ended

Marleen Donne

Manager

Ended

Peter Gotink

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Capital / shares14/12/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares12/02/2014
KAPITAAL - AANDELEN
PDF
Mandates09/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/10/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other06/11/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-8,9 k €↓
2024
Annual accounts 202470,5 k €↓
2023
Annual accounts 202384,6 k €↑
2022
Annual accounts 20225,3 k €↓
2021
Annual accounts 202146,3 k €↑
2020
Annual accounts 202024,5 k €↑
2019
Annual accounts 201915,5 k €↓
2018
Annual accounts 201819,6 k €↓
2017
Annual accounts 2017157 k €↓
2016
Annual accounts 2016172,8 k €↑
2015
Annual accounts 2015127,8 k €↓
2014
Annual accounts 2014144,5 k €↑
2013
Annual accounts 2013111 k €↑
2012
Annual accounts 201262,8 k €↑
2011
Annual accounts 201112,7 k €↓
2010
Annual accounts 201045,2 k €↓
2009
Annual accounts 200984,5 k €↓
2008
Annual accounts 200885,1 k €↑
2007
Annual accounts 200775,3 k €↑
2006
Annual accounts 200665,5 k €
18/10/2002
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

QED SOFTWARE

Overview

What does QED SOFTWARE do?

Trend over 20 financial years

Indicative valuation

Board of directors

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