ACTIVE

QPAS

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Financial year 2025 · closed on 31/12/2025

Net result

54,1 k €

+74.3% YoY

Gross margin

74,9 k €

+70.7% YoY

Equity

399 k €

+15.7% YoY

What does QPAS do?

QPAS is a Private limited company incorporated in 2010. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Heist-op-den-Berg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0829.591.114

Incorporation

21/09/2010

Legal form

Private limited company

Registered office

Bogaardenstraat 10 box I
2220 Heist-op-den-Berg · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 62020Computer consultancy activities 62200Computer programming, consultancy and related activities+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	74,9 k €	+70.7%	43,9 k €	+3.4%	42,4 k €	-44.8%	76,9 k €	+37.5%	55,9 k €	+4.0%	53,7 k €	-40.8%	90,7 k €	+208%	29,5 k €	+28.5%	22,9 k €	-63.5%	62,8 k €	-26.1%	85 k €	+192%	29,1 k €	-26.1%	39,4 k €	-64.9%	112,3 k €
EBITDA	73,8 k €	+72.2%	42,8 k €	+14.6%	37,4 k €	-44.1%	66,8 k €	+21.1%	55,2 k €	+4.3%	52,9 k €	-40.8%	89,3 k €	+209%	28,9 k €	+29.2%	22,3 k €	-64.1%	62,3 k €	-26.3%	84,4 k €	+195%	28,6 k €	-26.5%	38,9 k €	-65.0%	111,1 k €
Operating result	72,9 k €	+70.3%	42,8 k €	+19.3%	35,9 k €	-42.3%	62,2 k €	+27.7%	48,7 k €	+9.6%	44,4 k €	-45.7%	81,8 k €	+288%	21,1 k €	+66.3%	12,7 k €	-76.7%	54,4 k €	-29.7%	77,3 k €	+264%	21,2 k €	-26.6%	28,9 k €	-72.0%	103,5 k €
Net result	54,1 k €	+74.3%	31 k €	+7.0%	29 k €	-29.6%	41,2 k €	+18.4%	34,8 k €	+9.3%	31,8 k €	-45.2%	58,1 k €	+341%	13,2 k €	+41.7%	9,3 k €	-76.1%	39 k €	-23.6%	51 k €	+223%	15,8 k €	-24.6%	20,9 k €	-68.3%	66 k €
Balance sheet
Equity	399 k €	+15.7%	344,9 k €	+9.9%	313,9 k €	+8.2%	290 k €	+12.4%	258,1 k €	+14.7%	225 k €	+15.5%	194,8 k €	+42.5%	136,7 k €	+3.9%	131,5 k €	+7.6%	122,3 k €	+46.8%	83,3 k €	+76.0%	47,3 k €	+13.9%	41,5 k €	+101%	20,6 k €
Total assets	412,7 k €	+15.3%	357,8 k €	+9.9%	325,6 k €	+0.3%	324,6 k €	+15.9%	280,2 k €	+14.8%	244 k €	+6.3%	229,5 k €	+39.9%	164,1 k €	+20.7%	136 k €	-4.3%	142,1 k €	+21.9%	116,6 k €	+26.2%	92,4 k €	+8.7%	84,9 k €	-25.5%	114 k €
Cash	303,5 k €	-2.9%	312,6 k €	+11.3%	280,8 k €	+22.0%	230,2 k €	+8.5%	212,2 k €	-5.5%	224,6 k €	+64.8%	136,3 k €	+19.3%	114,3 k €	+4.9%	108,9 k €	+32.1%	82,5 k €	+0.6%	82 k €	+182%	29,1 k €	+97.1%	14,8 k €	-77.1%	64,5 k €
Debts	13,7 k €	+6.2%	12,9 k €	+9.9%	11,8 k €	-66.0%	34,6 k €	+57.0%	22 k €	+15.9%	19 k €	-44.8%	34,4 k €	+25.6%	27,4 k €	+513%	4,5 k €	-77.5%	19,9 k €	-40.4%	33,3 k €	-26.1%	45 k €	+3.8%	43,4 k €	-53.5%	93,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Peter Vrancx

Director · since 12 août 2019

Active

Ended mandates

Peter Vrancx

Administrator - manager

Ended

PETER VRANCX

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
2B2C Projects● Active	0699.818.574
DE BOOMGAARD● Active	0770.884.734
XPLUS● Active	0819.139.858

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	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	18/09/2026	29/09/2025	28/08/2024	28/07/2023	04/08/2022	19/07/2021
General meeting	22/06/2026	23/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	22/06/2026	18/09/2026	Dutch	PDF
Micro model	31/12/2024	23/06/2025	29/09/2025	Dutch	PDF
Micro model	31/12/2023	24/06/2024	28/08/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	04/08/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	19/07/2021	Dutch	PDF
Micro model	31/12/2019	22/06/2020	31/08/2020	Dutch	PDF
Micro model	31/08/2018	25/02/2019	26/03/2019	Dutch	PDF
Micro model	31/08/2017	26/02/2018	29/03/2018	Dutch	PDF
Abridged model	31/08/2016	27/02/2017	14/03/2017	Dutch	PDF
Abridged model	31/08/2015	22/02/2016	26/02/2016	Dutch	PDF
Abridged model	31/08/2014	23/02/2015	24/02/2015	Dutch	PDF
Abridged model	31/08/2013	24/02/2014	27/03/2014	Dutch	PDF
Abridged model	31/08/2012	25/02/2013	26/04/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

Peter Vrancx

Director · since 12 août 2019

Active

Ended mandates

Peter Vrancx

Administrator - manager

Ended

PETER VRANCX

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares29/08/2019
DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR - WIJZIGING RECHTSVORM
PDF
Registered office14/12/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other06/10/2010
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 202554,1 k €↑
2024
Annual accounts 202431 k €↑
2023
Annual accounts 202329 k €↓
2022
Annual accounts 202241,2 k €↑
2021
Annual accounts 202134,8 k €↑
2020
Annual accounts 202031,8 k €↓
2019
Annual accounts 201958,1 k €↑
2018
Annual accounts 201813,2 k €↑
2017
Annual accounts 20179,3 k €↓
2016
Annual accounts 201639 k €↓
2015
Annual accounts 201551 k €↑
2014
Annual accounts 201415,8 k €↓
2013
Annual accounts 201320,9 k €↓
2012
Annual accounts 201266 k €
21/09/2010
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

QPAS

Overview

What does QPAS do?

Trend over 14 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