ACTIVE

CQUR

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Financial year 2025 · closed on 31/12/2025
Net result
235,8 k €
+152.0% YoY
Gross margin
492,3 k €
+56.6% YoY
Equity
713,3 k €
+31.1% YoY
Workforce
1,5 ETP
-34.8% YoY

What does CQUR do?

CQUR is a Private limited company incorporated in 2011. Its registered office is in Aalter. It employs on average 1,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.478.976
Incorporation
19/09/2011
Legal form
Private limited company
Registered office
Knokkebaan 90
9910 Aalter · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
1,5 ETP
Joint committees (2)
  • 14901
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212018201720162015201420132012
Income statement
Gross margin492,3 k €314,5 k €234,6 k €227,6 k €355,9 k €107,8 k €110,1 k €92,7 k €76 k €52,3 k €52,8 k €34,6 k €
EBITDA407 k €208,3 k €161 k €171,8 k €265,6 k €63,7 k €59,7 k €48,9 k €37,8 k €37,8 k €47 k €34,1 k €
Operating result316,4 k €124,1 k €106,4 k €112,1 k €209,3 k €25,2 k €25,3 k €17,4 k €7,9 k €19,6 k €36,4 k €23,8 k €
Net result235,8 k €93,6 k €79,7 k €83,7 k €146 k €8,3 k €8,3 k €2,4 k €108 €11,3 k €24,1 k €18 k €
Balance sheet
Equity713,3 k €544,1 k €485,1 k €405,4 k €321,7 k €91 k €82,7 k €74,5 k €72 k €71,9 k €60,6 k €36,6 k €
Total assets1 M €1 M €970,8 k €943,2 k €891,6 k €574,8 k €586,8 k €470,9 k €472,6 k €182 k €151,4 k €79,5 k €
Cash153,2 k €153,3 k €165,1 k €180,2 k €296,5 k €102,6 k €122,8 k €85,6 k €83,7 k €96,1 k €104,3 k €39 k €
Debts325,8 k €465 k €479,6 k €531,6 k €563,9 k €483,7 k €504 k €396,4 k €400,6 k €110,1 k €90,8 k €43 k €
Other
Workforce1,5 ETP2,3 ETP1,9 ETP1,1 ETP––––1,3 ETP0,8 ETP0,4 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 · 6 active · 14 ended

Active mandates

CQUR Group

Managing director · since 01 janvier 2026 · 0788.570.903

Represented by Sebastien Montaufraix

Active
Dirk Van Dorsselaer

Director · since 01 janvier 2026 · until 06 mai 2026

Active
Peter Van den Langenbergh

Director · since 01 janvier 2026 · until 31 mars 2026

Active
Arnaud Montaufraix

Director · until 01 janvier 2026

Active
Geert Montaufraix

Managing director

Active
Sebastien Montaufraix

Director · until 01 janvier 2026

Active

Ended mandates

Arnaud Montaufraix

Director · since 01 octobre 2021

Ended
Sebastien Montaufraix

Director · since 01 octobre 2021

Ended
Geert Montaufraix

Director · since 19 septembre 2011

Ended
Inge Borgonjon

Director · since 19 septembre 2011 · until 01 décembre 2022

Ended
At this address

Other companies at this address

CompanyCBE no.
CQUR Group● Active
0788.570.903
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro 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 date29/06/202627/06/202501/07/202402/07/202325/07/202216/07/2021
General meeting26/06/202627/06/202528/06/202430/06/202330/06/202225/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202629/06/2026DutchPDF
Abridged model31/12/202427/06/202527/06/2025DutchPDF
Abridged model31/12/202328/06/202401/07/2024DutchPDF
Abridged model31/12/202230/06/202302/07/2023DutchPDF
Micro model31/12/202130/06/202225/07/2022DutchPDF
Abridged model31/12/202025/06/202116/07/2021DutchPDF
Micro model31/12/201906/07/202030/07/2020DutchPDF
Micro model31/12/201828/06/201903/07/2019DutchPDF
Micro model31/12/201729/06/201830/07/2018DutchPDF
Micro model31/12/201630/06/201706/07/2017DutchPDF
Abridged model31/12/201524/06/201625/07/2016DutchPDF
Abridged model31/12/201426/06/201515/07/2015DutchPDF
Abridged model31/12/201327/06/201408/07/2014DutchPDF
Abridged model31/12/201228/06/201331/07/2013DutchPDF
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 · 6 active · 14 ended

Active mandates

CQUR Group

Managing director · since 01 janvier 2026 · 0788.570.903

Represented by Sebastien Montaufraix

Active
Dirk Van Dorsselaer

Director · since 01 janvier 2026 · until 06 mai 2026

Active
Peter Van den Langenbergh

Director · since 01 janvier 2026 · until 31 mars 2026

Active
Arnaud Montaufraix

Director · until 01 janvier 2026

Active
Geert Montaufraix

Managing director

Active
Sebastien Montaufraix

Director · until 01 janvier 2026

Active

Ended mandates

Arnaud Montaufraix

Director · since 01 octobre 2021

Ended
Sebastien Montaufraix

Director · since 01 octobre 2021

Ended
Geert Montaufraix

Director · since 19 septembre 2011

Ended
Inge Borgonjon

Director · since 19 septembre 2011 · until 01 décembre 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/09/2026
    DOEL
    PDF
  • Mandates22/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring09/02/2026
    BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring06/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates23/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring25/01/2021
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/11/2020
    WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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

Timeline

  1. 2025
    Annual accounts 2025235,8 k €↑
  2. 2025
    Name changeCQUR
  3. 2024
    Annual accounts 202493,6 k €↑
  4. 2023
    Annual accounts 202379,7 k €↓
  5. 2022
    Annual accounts 202283,7 k €↓
  6. 2021
    Annual accounts 2021146 k €↑
  7. 2018
    Annual accounts 20188,3 k €↓
  8. 2017
    Annual accounts 20178,3 k €↑
  9. 2016
    Annual accounts 20162,4 k €↑
  10. 2015
    Annual accounts 2015108 €↓
  11. 2014
    Annual accounts 201411,3 k €↓
  12. 2013
    Annual accounts 201324,1 k €↑
  13. 2012
    Annual accounts 201218 k €
  14. 2012
    Name changeBe Smart Energy
  15. 19/09/2011
    IncorporationPrivate limited company