NORMAL SITUATION

QUERCUS SOLUTIONS

Financial year 2023 · closed on 31/12/2023
Net result
149,3 k €
+140.4% YoY
Gross margin
757,3 k €
+18.1% YoY
Equity
264,6 k €
+129.5% YoY
Workforce
3,3 ETP
-26.7% YoY

Company — Normal situation.

What does QUERCUS SOLUTIONS do?

QUERCUS SOLUTIONS is a company registered in Belgium. It employs on average 3,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0835.796.540
Legal form
Private limited company
Contributed capital
6 200,00 €
Latest accounts
31/12/2023
Average workforce
3,3 ETP
Joint committees (1)
  • 307
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2023202220212020201920182017201620152014201320122011
Income statement
Gross margin757,3 k €641,1 k €554,5 k €62,3 k €2 k €9,2 k €-996,7 €1,1 k €9,6 k €24,6 k €23,8 k €72,7 k €44,6 k €
EBITDA504,7 k €390,9 k €329,2 k €62,3 k €1,8 k €8,6 k €-2,8 k €-235,1 €8 k €23,3 k €20 k €21,7 k €41 k €
Operating result235,3 k €121,6 k €67,4 k €36,3 k €1,4 k €-1,7 k €-13,1 k €-10,8 k €-2,5 k €12,6 k €9,2 k €799,1 €20,3 k €
Net result149,3 k €62,1 k €19,9 k €24,8 k €1,3 k €-1,9 k €-13,7 k €-11,6 k €-3,3 k €-458,8 €24,6 k €-513,2 €13,8 k €
Balance sheet
Equity264,6 k €115,3 k €53,2 k €33,3 k €8,5 k €7,2 k €9,2 k €18,7 k €30,3 k €33,7 k €44,1 k €19,5 k €20 k €
Total assets2,1 M €2,3 M €2,6 M €2,9 M €67,2 k €11,1 k €25,2 k €31,2 k €38 k €45,1 k €55,4 k €51,4 k €66,6 k €
Cash63,1 k €82,2 k €249,3 k €299,3 k €60,2 k €883,1 €12,7 k €9,6 k €1,3 k €2,8 k €491,2 €5 k €1,1 k €
Debts1,8 M €2,2 M €2,5 M €2,8 M €58,6 k €3,9 k €16 k €12,5 k €7,7 k €11,4 k €11,3 k €27,8 k €46,6 k €
Other
Workforce3,3 ETP4,5 ETP4,2 ETP
Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 15 ended

Active mandates

Pascal Fassotte

Managing director · since 03 octobre 2023

Active
R.G.F. HOLDING

Director · since 17 octobre 2022 · 0792.639.458

Represented by Pascal FASSOTTE

Active
RAOUL GAUTHIER HOLDING

Director · until 03 octobre 2023 · 0875.094.705

Represented by Raoul GAUTHIER

Active

Ended mandates

PHILIPPE DEFORGES

Manager · since 01 janvier 2019

Ended
Management Science Consulting

Associate · since 22 décembre 2011 · 0863.136.484

Ended
Manon UNDEN

Associate · since 27 avril 2011

Ended
Philippe UNDEN

Manager · since 27 avril 2011

Ended
Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202405/06/202331/08/202208/07/202120/07/202004/07/2019
General meeting05/07/202402/06/202322/06/202222/06/202126/06/202028/05/2019
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202305/07/202430/07/2024FrenchPDF
Abridged model31/12/202202/06/202305/06/2023FrenchPDF
Abridged model31/12/202122/06/202231/08/2022FrenchPDF
Micro model31/12/202022/06/202108/07/2021FrenchPDF
Micro model31/12/201926/06/202020/07/2020FrenchPDF
Micro model31/12/201828/05/201904/07/2019FrenchPDF
Micro model31/12/201706/04/201829/08/2018FrenchPDF
Micro model31/12/201607/04/201731/08/2017FrenchPDF
Abridged model31/12/201501/04/201631/08/2016FrenchPDF
Abridged model31/12/201403/04/201531/08/2015FrenchPDF
Abridged model31/12/201304/04/201422/08/2014FrenchPDF
Abridged model31/12/201205/04/201307/06/2013FrenchPDF
Abridged model31/12/201106/04/201228/06/2012FrenchPDF
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 31/12/2023 · 3 active · 15 ended

Active mandates

Pascal Fassotte

Managing director · since 03 octobre 2023

Active
R.G.F. HOLDING

Director · since 17 octobre 2022 · 0792.639.458

Represented by Pascal FASSOTTE

Active
RAOUL GAUTHIER HOLDING

Director · until 03 octobre 2023 · 0875.094.705

Represented by Raoul GAUTHIER

Active

Ended mandates

PHILIPPE DEFORGES

Manager · since 01 janvier 2019

Ended
Management Science Consulting

Associate · since 22 décembre 2011 · 0863.136.484

Ended
Manon UNDEN

Associate · since 27 avril 2011

Ended
Philippe UNDEN

Manager · since 27 avril 2011

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. 2023
    Annual accounts 2023149,3 k €
  2. 2022
    Annual accounts 202262,1 k €
  3. 2021
    Annual accounts 202119,9 k €
  4. 2020
    Annual accounts 202024,8 k €
  5. 2019
    Annual accounts 20191,3 k €
  6. 2018
    Annual accounts 2018-1,9 k €
  7. 2017
    Annual accounts 2017-13,7 k €
  8. 2016
    Annual accounts 2016-11,6 k €
  9. 2015
    Annual accounts 2015-3,3 k €
  10. 2014
    Annual accounts 2014-458,8 €
  11. 2013
    Annual accounts 201324,6 k €
  12. 2012
    Annual accounts 2012-513,2 €
  13. 2011
    Annual accounts 201113,8 k €