ACTIVE

Qern

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Financial year 2025 · closed on 31/12/2025

Net result

155,3 k €

+631.2% YoY

Gross margin

1,9 M €

-2.5% YoY

Equity

603,8 k €

+34.6% YoY

Workforce

21,4 ETP

-13.7% YoY

What does Qern do?

Qern is a Private limited company incorporated in 2009. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Lummen. It employs on average 21,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0817.614.384

Incorporation

03/08/2009

Legal form

Private limited company

Registered office

Oostereindestraat 31
3560 Lummen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

21,4 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 73200Market research and public opinion polling 73200Market research and public opinion polling 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,9 M €	-2.5%	1,9 M €	+5.1%	1,8 M €	-1.4%	1,9 M €	+22.4%	1,5 M €	+15.6%	1,3 M €	+13.4%	1,2 M €	-4.7%	1,2 M €	+45.7%	837,4 k €	+27.4%	657,4 k €	+10.5%	595,1 k €	-3.2%	614,8 k €	+91.1%	321,6 k €	+35.5%	237,4 k €	+15.9%	204,8 k €	+272%	55,1 k €
EBITDA	283,1 k €	+90.6%	148,5 k €	+3.8%	143,1 k €	-45.7%	263,8 k €	+12.5%	234,5 k €	-13.9%	272,4 k €	+116%	126 k €	-64.5%	354,5 k €	+210%	114,5 k €	+1.9%	112,3 k €	-4.0%	117 k €	-56.2%	267,3 k €	+243%	77,9 k €	-3.6%	80,8 k €	-12.9%	92,7 k €	+90.5%	48,7 k €
Operating result	225,4 k €	+237%	66,8 k €	-8.9%	73,3 k €	-60.5%	185,5 k €	+7.5%	172,6 k €	-12.3%	196,8 k €	+461%	35,1 k €	-86.6%	262,3 k €	+806%	28,9 k €	-8.5%	31,7 k €	-13.6%	36,6 k €	-80.5%	188,3 k €	+555%	28,8 k €	-60.9%	73,6 k €	-15.9%	87,5 k €	+90.0%	46,1 k €
Net result	155,3 k €	+631%	21,2 k €	-23.9%	27,9 k €	-81.9%	153,9 k €	+9.3%	140,8 k €	-13.2%	162,2 k €	+2923%	5,4 k €	-97.5%	217,3 k €	+57802%	375,2 €	-69.0%	1,2 k €	-59.1%	3 k €	-97.3%	108,2 k €	+1135%	8,8 k €	-82.2%	49,1 k €	-14.8%	57,6 k €	+87.5%	30,7 k €
Balance sheet
Equity	603,8 k €	+34.6%	448,5 k €	+5.0%	427,2 k €	+7.0%	399,3 k €	+13.0%	353,4 k €	+10.6%	319,5 k €	+8.2%	295,3 k €	+1.9%	289,9 k €	+6.3%	272,7 k €	+0.1%	272,3 k €	+0.4%	271,1 k €	+1.1%	268,1 k €	+67.7%	159,9 k €	+5.8%	151,2 k €	+48.1%	102,1 k €	+118%	46,9 k €
Total assets	1,4 M €	-3.3%	1,5 M €	-7.1%	1,6 M €	+7.0%	1,5 M €	+10.9%	1,3 M €	+10.1%	1,2 M €	-9.6%	1,4 M €	+9.2%	1,2 M €	+26.4%	979,9 k €	-17.4%	1,2 M €	+1.5%	1,2 M €	+6.6%	1,1 M €	+33.0%	824,3 k €	+217%	259,9 k €	-24.1%	342,6 k €	+248%	98,5 k €
Cash	109,7 k €	+0.8%	108,9 k €	+12.1%	97,1 k €	-70.9%	334,2 k €	-22.8%	432,9 k €	+2.9%	420,5 k €	+9.9%	382,8 k €	+1.0%	379 k €	+51.7%	249,9 k €	+4.9%	238,3 k €	-13.1%	274,2 k €	+73.0%	158,6 k €	+284%	41,3 k €	-49.4%	81,7 k €	-66.5%	243,5 k €	+520%	39,3 k €
Debts	831,3 k €	-18.4%	1 M €	-12.8%	1,2 M €	+6.9%	1,1 M €	+10.2%	993,2 k €	+9.9%	903,7 k €	-14.5%	1,1 M €	+11.4%	948,9 k €	+34.2%	707,3 k €	-22.6%	913,5 k €	+11.7%	817,5 k €	-1.3%	828,1 k €	+24.6%	664,3 k €	+511%	108,6 k €	-54.8%	240,5 k €	+366%	51,6 k €
Other
Workforce	21,4 ETP	-13.7%	24,8 ETP	-5.0%	26,1 ETP	-3.0%	26,9 ETP	+13.0%	23,8 ETP	+18.4%	20,1 ETP	+11.7%	18,0 ETP	+11.1%	16,2 ETP	+20.0%	13,5 ETP	+32.4%	10,2 ETP	+14.6%	8,9 ETP	+21.9%	7,3 ETP	+43.1%	5,1 ETP	+54.5%	3,3 ETP	+50.0%	2,2 ETP	+1000%	0,2 ETP

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 · 3 active · 20 ended

Active mandates

John Haars

Director · since 26 mai 2025

Active

Hendrik Swennen

Managing director · since 04 mars 2024

Active

Maarten Ooms

Managing director · since 04 mars 2024

Active

Ended mandates

Hendrik Swennen

Director · since 04 mars 2024

Ended

Maarten Ooms

Director · since 04 mars 2024

Ended

CCL INVEST

Director · since 01 juillet 2018 · 0691.639.197

Represented by David Dielis

Ended

CCL INVEST

Manager · since 01 juillet 2018 · 0691.639.197

Represented by David DIELIS

Ended

At this address

Other companies at this address

Company	CBE no.
GENTOO PARTICIPATIE● Active	1003.268.624
MOONFISH● Active	0785.616.559
MOONFISH PARTICIPATIE● Active	1003.803.312
NEOVEST● Active	0849.031.892
Qern Participatie● Active	1003.803.411

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	01/01/2025	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	22/07/2025	25/07/2024	06/07/2023	22/06/2022	19/07/2021
General meeting	29/05/2026	30/06/2025	28/06/2024	16/06/2023	27/05/2022	21/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/02/2015	16/02/2015	Dutch	PDF
Abridged model	31/12/2013	25/02/2014	27/02/2014	Dutch	PDF
Abridged model	31/12/2012	23/05/2013	24/05/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	21/06/2011	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 · 3 active · 20 ended

Active mandates

John Haars

Director · since 26 mai 2025

Active

Hendrik Swennen

Managing director · since 04 mars 2024

Active

Maarten Ooms

Managing director · since 04 mars 2024

Active

Ended mandates

Hendrik Swennen

Director · since 04 mars 2024

Ended

Maarten Ooms

Director · since 04 mars 2024

Ended

CCL INVEST

Director · since 01 juillet 2018 · 0691.639.197

Represented by David Dielis

Ended

CCL INVEST

Manager · since 01 juillet 2018 · 0691.639.197

Represented by David DIELIS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring29/05/2026
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2016
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 2025155,3 k €↑
2025
Name changeQern
2024
Annual accounts 202421,2 k €↓
2023
Annual accounts 202327,9 k €↓
2022
Annual accounts 2022153,9 k €↑
2021
Annual accounts 2021140,8 k €↓
2021
Name changeEnerdo
2020
Annual accounts 2020162,2 k €↑
2019
Annual accounts 20195,4 k €↓
2018
Annual accounts 2018217,3 k €↑
2017
Annual accounts 2017375,2 €↓
2016
Annual accounts 20161,2 k €↓
2015
Annual accounts 20153 k €↓
2014
Annual accounts 2014108,2 k €↑
2013
Annual accounts 20138,8 k €↓
2012
Annual accounts 201249,1 k €↓
2011
Annual accounts 201157,6 k €↑
2010
Annual accounts 201030,7 k €
03/08/2009
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

Qern

Overview

What does Qern do?

Trend over 16 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