ACTIVE

Q32

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Financial year 2025 · closed on 31/12/2025

Net result

895 k €

+16.6% YoY

Gross margin

157,9 k €

+8081.7% YoY

Equity

7,8 M €

+2.3% YoY

What does Q32 do?

Q32 is a Private limited company incorporated in 2011. Its main activity is: Architectural activities. Its registered office is in Zwalm.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0834.278.885

Incorporation

04/03/2011

Legal form

Private limited company

Registered office

Rijkekleie(SBB) 16
9630 Zwalm · FlandreSee on map

Contributed capital

2 511 930,00 €

Latest accounts

31/12/2025

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 90011Performing arts 90021Support activities to performing arts 90029Support activities to performing arts 90032Artistic creation+4

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	157,9 k €	+8082%	-2 k €	-102%	86 k €	-3.2%	88,9 k €	-9.3%	97,9 k €	+35.7%	72,2 k €	-41.3%	122,9 k €	-1.6%	125 k €	-26.1%	169,1 k €	+0.4%	168,4 k €	+8.7%	154,9 k €	+26.2%	122,7 k €	+42.1%	86,3 k €	-39.1%	141,7 k €
EBITDA	149 k €	+897%	-18,7 k €	-123%	81,5 k €	+2.4%	79,6 k €	-8.4%	86,8 k €	+26.5%	68,7 k €	-42.7%	119,8 k €	-2.2%	122,5 k €	-26.6%	166,9 k €	+0.4%	166,3 k €	+9.1%	152,5 k €	+26.2%	120,8 k €	+42.4%	84,8 k €	-39.3%	139,7 k €
Operating result	80,9 k €	+193%	-87,1 k €	-742%	13,6 k €	-24.8%	18,1 k €	+664%	2,4 k €	+103%	-90,6 k €	-196%	94,8 k €	+85.4%	51,1 k €	-64.9%	145,5 k €	+1.6%	143,2 k €	+8.8%	131,6 k €	+26.0%	104,5 k €	+62.2%	64,4 k €	-33.7%	97,1 k €
Net result	895 k €	+16.6%	767,5 k €	-31.7%	1,1 M €	-11.8%	1,3 M €	+32.2%	963,1 k €	+34.4%	716,4 k €	+7.8%	664,6 k €	+34.1%	495,6 k €	-3.0%	511,1 k €	-0.8%	515,3 k €	+38.0%	373,5 k €	-2.0%	381 k €	+13.3%	336,2 k €	-47.2%	637,3 k €
Balance sheet
Equity	7,8 M €	+2.3%	7,6 M €	+1.5%	7,5 M €	+9.2%	6,9 M €	+12.5%	6,1 M €	+5.9%	5,8 M €	-10.0%	6,4 M €	+11.4%	5,7 M €	+9.4%	5,3 M €	+10.8%	4,7 M €	+11.9%	4,2 M €	+9.7%	3,9 M €	+10.9%	3,5 M €	+10.7%	3,1 M €
Total assets	8,5 M €	+3.0%	8,3 M €	+1.7%	8,2 M €	+4.8%	7,8 M €	-3.9%	8,1 M €	+3.5%	7,8 M €	+21.0%	6,5 M €	+11.2%	5,8 M €	+9.1%	5,3 M €	+11.4%	4,8 M €	+12.3%	4,3 M €	+8.5%	3,9 M €	+11.7%	3,5 M €	+11.3%	3,2 M €
Cash	445 k €	+36.9%	325,1 k €	-78.4%	1,5 M €	+29.4%	1,2 M €	-1.7%	1,2 M €	+43.6%	824,6 k €	-33.8%	1,2 M €	+70.1%	732,8 k €	-32.6%	1,1 M €	-4.3%	1,1 M €	+21.8%	933,3 k €	+3.8%	898,7 k €	-5.7%	952,9 k €	+58.3%	602,1 k €
Debts	749,7 k €	+10.4%	678,8 k €	+5.1%	645,9 k €	-27.2%	887 k €	-55.1%	2 M €	-4.3%	2,1 M €	+3188%	62,7 k €	-2.2%	64,1 k €	-13.4%	74 k €	+82.1%	40,6 k €	+99.0%	20,4 k €	-66.3%	60,5 k €	+99.7%	30,3 k €	+232%	9,1 k €

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 · 1 ended

Active mandates

Sam De Bock

Director

Active

Ended mandates

Sam De Bock

Manager

Ended

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	31/08/2026	29/08/2025	26/08/2024	31/08/2023	04/08/2022	30/08/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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
Abridged model	31/12/2025	08/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	04/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	21/08/2020	24/08/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	23/08/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	01/07/2013	Dutch	PDF

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 · 1 ended

Active mandates

Sam De Bock

Director

Active

Ended mandates

Sam De Bock

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/07/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Other17/10/2018
DOEL
PDF
Mandates13/12/2012
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other11/10/2011
ALGEMENE VERGADERING
PDF
Other16/03/2011
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 2025895 k €↑
2024
Annual accounts 2024767,5 k €↓
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021963,1 k €↑
2020
Annual accounts 2020716,4 k €↑
2019
Annual accounts 2019664,6 k €↑
2018
Annual accounts 2018495,6 k €↓
2017
Annual accounts 2017511,1 k €↓
2016
Annual accounts 2016515,3 k €↑
2015
Annual accounts 2015373,5 k €↓
2014
Annual accounts 2014381 k €↑
2013
Annual accounts 2013336,2 k €↓
2012
Annual accounts 2012637,3 k €
04/03/2011
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

Q32

Overview

What does Q32 do?

Trend over 14 financial years

Indicative valuation

Board of directors

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