ACTIVE

QSM

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Financial year 2025 · closed on 31/12/2025
Net result
229,3 k €
-33.2% YoY
Gross margin
1,6 M €
-2.9% YoY
Equity
551,4 k €
+71.2% YoY
Workforce
16,6 ETP
+8.5% YoY

What does QSM do?

QSM is a Private limited company incorporated in 2010. Its registered office is in Houthalen-Helchteren. It employs on average 16,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0826.585.005
Incorporation
09/06/2010
Legal form
Private limited company
Registered office
Grote Baan 205
3530 Houthalen-Helchteren · FlandreSee on map
Contributed capital
850 000,00 €
Latest accounts
31/12/2025
Average workforce
16,6 ETP
Joint committees (2)
  • 314
  • 31400
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120182017201620152014201320122011
Income statement
Gross margin1,6 M €1,6 M €1,3 M €888,1 k €164,7 k €842,3 k €827,6 k €746,4 k €770,5 k €402,1 k €174,4 k €164,9 k €391,4 k €
EBITDA678,3 k €859,7 k €352,6 k €326,3 k €-88,4 k €425,1 k €416,2 k €321,2 k €467,3 k €171,5 k €69,2 k €63,2 k €110,4 k €
Operating result308,9 k €448,7 k €-198 k €-55,9 k €-469,4 k €5,7 k €92,2 k €81,8 k €235,7 k €81,7 k €584 €399,2 €55,7 k €
Net result229,3 k €343,3 k €-288,3 k €-114,4 k €-501,8 k €-23,8 k €4,1 k €8,3 k €155,9 k €-74,6 k €10,9 k €62,2 k €6,7 k €
Balance sheet
Equity551,4 k €322,2 k €-821,1 k €-532,7 k €-418,3 k €122,8 k €146,6 k €142,5 k €131,1 k €55,2 k €129,9 k €118,9 k €56,7 k €
Total assets2,7 M €2,4 M €1,7 M €1,6 M €1,8 M €2,5 M €2,1 M €1,5 M €1,7 M €724,7 k €631,1 k €518,6 k €626,2 k €
Cash467,6 k €281 k €105 k €51,8 k €77,1 k €249,1 k €198,4 k €43 k €197,6 k €26,7 k €5,3 k €–5,9 k €
Debts2,1 M €2 M €2,4 M €2,1 M €2,2 M €2,4 M €1,9 M €1,3 M €1,5 M €641,9 k €358,1 k €345 k €569,5 k €
Other
Workforce16,6 ETP15,3 ETP15,2 ETP11,7 ETP9,8 ETP8,2 ETP8,5 ETP–9,7 ETP5,7 ETP2,6 ETP3,7 ETP5,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 19 ended

Active mandates

REBANO

Director · since 28 novembre 2019 · 0732.654.163

Represented by ROB SIMONS

Active

Ended mandates

CHRIS SCHREURS

Director · since 29 janvier 2021

Ended
CHRIS SCHRUERS

Director · since 29 janvier 2021 · until 12 juin 2024

Ended
REBANO

Director · since 29 janvier 2021 · 0732.654.163

Represented by Rob Simons

Ended
Nobelco

Director · since 28 novembre 2019 · 0732.629.617

Represented by Vincent Jamaer

Ended
At this address

Other companies at this address

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MECHFIT● Active
0465.635.731
MOOZE WEST● Active
0641.881.860
Physio E.B.● Active
0791.794.766
Physioplus● Active
0804.233.433
REBANO● Active
0732.654.163
S2 INVEST● Active
0675.780.291
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202618/08/202528/08/202431/08/202329/07/202222/07/2021
General meeting08/05/202618/08/202528/06/202429/06/202330/06/202230/06/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/05/202630/06/2026DutchPDF
Abridged model31/12/202418/08/202518/08/2025DutchPDF
Abridged model31/12/202328/06/202428/08/2024DutchPDF
Abridged model31/12/202229/06/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202229/07/2022DutchPDF
Abridged model31/12/202030/06/202122/07/2021DutchPDF
Abridged model31/12/201908/05/202025/06/2020DutchPDF
Abridged model31/12/201830/06/201929/07/2019DutchPDF
Abridged model31/12/201715/06/201811/09/2018DutchPDF
Abridged model31/12/201615/06/201731/08/2017DutchPDF
Abridged model31/12/201515/06/201629/09/2016DutchPDF
Abridged model31/12/201415/06/201514/07/2015DutchPDF
Abridged model31/12/201316/06/201419/08/2014DutchPDF
Abridged model31/12/201215/06/201329/08/2013DutchPDF
Abridged model31/12/201115/06/201230/08/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 19 ended

Active mandates

REBANO

Director · since 28 novembre 2019 · 0732.654.163

Represented by ROB SIMONS

Active

Ended mandates

CHRIS SCHREURS

Director · since 29 janvier 2021

Ended
CHRIS SCHRUERS

Director · since 29 janvier 2021 · until 12 juin 2024

Ended
REBANO

Director · since 29 janvier 2021 · 0732.654.163

Represented by Rob Simons

Ended
Nobelco

Director · since 28 novembre 2019 · 0732.629.617

Represented by Vincent Jamaer

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/08/2026
    Ontslag en benoeming bestuurder
    PDF
  • Capital / shares17/07/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates04/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates18/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/02/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/10/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/02/2014
    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 2025229,3 k €↓
  2. 2024
    Annual accounts 2024343,3 k €↑
  3. 2023
    Annual accounts 2023-288,3 k €↓
  4. 2022
    Annual accounts 2022-114,4 k €↑
  5. 2021
    Annual accounts 2021-501,8 k €↓
  6. 2018
    Annual accounts 2018-23,8 k €↓
  7. 2017
    Annual accounts 20174,1 k €↓
  8. 2016
    Annual accounts 20168,3 k €↓
  9. 2015
    Annual accounts 2015155,9 k €↑
  10. 2014
    Annual accounts 2014-74,6 k €↓
  11. 2013
    Annual accounts 201310,9 k €↓
  12. 2012
    Annual accounts 201262,2 k €↑
  13. 2011
    Annual accounts 20116,7 k €
  14. 09/06/2010
    IncorporationPrivate limited company