NORMAL SITUATION

Qarma Management

Financial year 2025 · closed on 29/09/2025
Net result
818,6 k €
+431.2% YoY
Gross margin
-7,7 k €
-119.8% YoY
Equity
8,5 M €
+10.7% YoY

Company — Normal situation.

What does Qarma Management do?

Qarma Management is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0649.446.870
Legal form
Private limited company
Contributed capital
812 400,00 €
Latest accounts
29/09/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202520242023202220212020201920182017
Income statement
Gross margin-7,7 k €39,2 k €-44,7 k €22,6 k €108,8 k €89,2 k €45,1 k €40,9 k €27 k €40,9 k €
EBITDA-11 k €6,8 k €-45,9 k €21,6 k €107,9 k €88,6 k €44,3 k €40,3 k €26,5 k €39,9 k €
Operating result-11 k €6,8 k €-56,9 k €11,2 k €105 k €86 k €41,7 k €37,7 k €26,5 k €39,9 k €
Net result818,6 k €154,1 k €76,6 k €307,8 k €5,9 M €253,7 k €122 k €22,1 k €17,5 k €25,5 k €
Balance sheet
Equity8,5 M €7,7 M €7,5 M €7,4 M €7,1 M €1,3 M €999,5 k €77,5 k €55,4 k €37,9 k €
Total assets8,6 M €7,7 M €7,7 M €7,7 M €8,1 M €1,7 M €1,5 M €557,9 k €72,1 k €55,7 k €
Cash7,2 M €321,4 k €64 k €215,2 k €2,2 M €324,1 k €126,4 k €20,7 k €25,8 k €28,8 k €
Debts78,1 k €158,1 €192,7 k €260,3 k €959,2 k €425,3 k €473,7 k €480,4 k €16,7 k €17,8 k €
Governance

Board of directors

Seen on filing of 29/09/2025 · 1 active · 1 ended

Active mandates

Dirk Stynen

Director

Active

Ended mandates

Dirk Stynen

Manager

Ended
Annual accounts

Full financial information

202520252024202320222021
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202501/07/202401/07/202301/07/202201/07/202101/07/2020
Closing of the financial year29/09/202530/06/202530/06/202430/06/202330/06/202230/06/2021
Length of the financial year3 months12 months12 months12 months12 months12 months
Filing date23/12/202527/10/202506/01/202511/01/202430/01/202331/01/2022
General meeting29/09/202527/09/202507/12/202415/12/202316/01/202328/01/2022
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model29/09/202529/09/202523/12/2025DutchPDF
Micro model30/06/202527/09/202527/10/2025DutchPDF
Micro model30/06/202407/12/202406/01/2025DutchPDF
Micro model30/06/202315/12/202311/01/2024DutchPDF
Micro model30/06/202216/01/202330/01/2023DutchPDF
Micro model30/06/202128/01/202231/01/2022DutchPDF
Micro model30/06/202028/12/202028/01/2021DutchPDF
Micro model30/06/201918/12/201917/01/2020DutchPDF
Micro model30/06/201801/12/201804/12/2018DutchPDF
Micro model30/06/201702/12/201719/12/2017DutchPDF
Estimate

Indicative valuation

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 29/09/2025 · 1 active · 1 ended

Active mandates

Dirk Stynen

Director

Active

Ended mandates

Dirk Stynen

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution12/02/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
    PDF
  • Dissolution16/10/2025
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - 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

Timeline

  1. 2025
    Annual accounts 2025818,6 k €
  2. 2025
    Annual accounts 2025154,1 k €
  3. 2024
    Annual accounts 202476,6 k €
  4. 2023
    Annual accounts 2023307,8 k €
  5. 2022
    Annual accounts 20225,9 M €
  6. 2021
    Annual accounts 2021253,7 k €
  7. 2020
    Annual accounts 2020122 k €
  8. 2019
    Annual accounts 201922,1 k €
  9. 2018
    Annual accounts 201817,5 k €
  10. 2017
    Annual accounts 201725,5 k €