NORMAL SITUATION

QLUSTER

Financial year 2025 · closed on 31/12/2025
Net result
81,6 k €
-59.4% YoY
Gross margin
-2,4 k €
-41.4% YoY
Equity
2,6 M €
+3.3% YoY

Company — Normal situation.

What does QLUSTER do?

QLUSTER is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0756.730.157
Legal form
Private limited company
Contributed capital
1 900 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-2,4 k €-1,7 k €-2,4 k €883,7 €-295 €
EBITDA-3,6 k €-2,7 k €-3,5 k €474,2 €-1,1 k €
Operating result-3,6 k €-2,7 k €-3,5 k €474,2 €-1,1 k €
Net result81,6 k €200,9 k €288,5 k €201 k €-12,8 k €
Balance sheet
Equity2,6 M €2,5 M €2,3 M €2 M €1,9 M €
Total assets3,5 M €3,3 M €3,3 M €3,3 M €3,3 M €
Cash0 €33,9 €2 k €4,6 k €
Debts924,9 k €804,7 k €1 M €1,3 M €1,4 M €
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

ADVOCATENKANTOOR TOM VANRAES

Director · since 03 septembre 2024 · 0872.903.097

Represented by VANRAES TOM

Active
TOM ARTS

Director · since 14 octobre 2020 · 0862.542.806

Represented by ARTS TOM

Active

Ended mandates

DAVID ENGELBOS

Director · since 14 octobre 2020 · 0866.792.790

Represented by ENGELBOS DAVID

Ended
GEERT RENIERS

Director · since 14 octobre 2020 · 0862.545.279

Represented by RENIERS GEERT

Ended
Jos De Wachter

Director · since 14 octobre 2020 · 0755.461.338

Represented by JOS DE WACHTER

Ended
LEEN WETSELS

Director · since 14 octobre 2020 · 0705.935.316

Represented by WETSELS LEEN

Ended
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202219/10/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months15 months
Filing date09/07/202611/06/202526/06/202426/07/202314/07/2022
General meeting20/03/202616/05/202517/05/202430/06/202321/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/03/202609/07/2026DutchPDF
Abridged model31/12/202416/05/202511/06/2025DutchPDF
Abridged model31/12/202317/05/202426/06/2024DutchPDF
Abridged model31/12/202230/06/202326/07/2023DutchPDF
Abridged model31/12/202121/06/202214/07/2022DutchPDF
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 31/12/2025 · 2 active · 8 ended

Active mandates

ADVOCATENKANTOOR TOM VANRAES

Director · since 03 septembre 2024 · 0872.903.097

Represented by VANRAES TOM

Active
TOM ARTS

Director · since 14 octobre 2020 · 0862.542.806

Represented by ARTS TOM

Active

Ended mandates

DAVID ENGELBOS

Director · since 14 octobre 2020 · 0866.792.790

Represented by ENGELBOS DAVID

Ended
GEERT RENIERS

Director · since 14 octobre 2020 · 0862.545.279

Represented by RENIERS GEERT

Ended
Jos De Wachter

Director · since 14 octobre 2020 · 0755.461.338

Represented by JOS DE WACHTER

Ended
LEEN WETSELS

Director · since 14 octobre 2020 · 0705.935.316

Represented by WETSELS LEEN

Ended
Shareholders

Ownership and network

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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 202581,6 k €
  2. 2024
    Annual accounts 2024200,9 k €
  3. 2023
    Annual accounts 2023288,5 k €
  4. 2022
    Annual accounts 2022201 k €
  5. 2021
    Annual accounts 2021-12,8 k €