ACTIVE

VQ-MAXE

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Financial year 2025 · closed on 31/12/2025

Net result

67,6 k €

-91.9% YoY

Gross margin

282,5 k €

+12.9% YoY

Equity

1,6 M €

-29.1% YoY

Workforce

0,3 ETP

0.0% YoY

What does VQ-MAXE do?

VQ-MAXE is a Private limited company incorporated in 2011. Its main activity is: Legal activities. Its registered office is in Knokke-Heist. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.447.392

Incorporation

20/10/2011

Legal form

Private limited company

Registered office

Dennendreef 14
8300 Knokke-Heist · FlandreSee on map

Contributed capital

492 400,00 €

Latest accounts

31/12/2025

Average workforce

0,3 ETP

Activities (NACE)

69102Legal activities· main 69102Legal activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	282,5 k €	+12.9%	250,3 k €	-40.9%	423,2 k €	-3.1%	436,7 k €	-7.0%	469,6 k €	+42.2%	330,2 k €	+0.2%	329,6 k €	+38.5%	237,9 k €	+19.4%	199,2 k €	+6.7%	186,8 k €	+2.6%	182 k €	+92.4%	94,6 k €	+98.3%	47,7 k €	-51.6%	98,6 k €
EBITDA	176,1 k €	-14.3%	205,4 k €	-50.4%	413,9 k €	-3.4%	428,4 k €	-7.7%	464,1 k €	+41.2%	328,7 k €	+0.2%	328 k €	+38.7%	236,5 k €	+19.2%	198,4 k €	+6.6%	186,1 k €	+2.6%	181,3 k €	+93.3%	93,8 k €	+99.9%	46,9 k €	-52.0%	97,8 k €
Operating result	126,6 k €	-26.0%	171,1 k €	-54.8%	378,7 k €	-3.9%	394 k €	-9.1%	433,5 k €	+44.5%	300,1 k €	+0.2%	299,4 k €	+39.8%	214,2 k €	+19.9%	178,6 k €	+17.6%	151,8 k €	-13.3%	175,1 k €	+99.8%	87,6 k €	+116%	40,5 k €	-54.6%	89,2 k €
Net result	67,6 k €	-91.9%	837 k €	+205%	274,3 k €	+2.1%	268,8 k €	-11.2%	302,7 k €	+49.8%	202,1 k €	-2.6%	207,6 k €	+49.5%	138,9 k €	+36.1%	102,1 k €	+16.2%	87,8 k €	-15.9%	104,4 k €	+87.3%	55,7 k €	+93.2%	28,8 k €	-52.6%	60,9 k €
Balance sheet
Equity	1,6 M €	-29.1%	2,2 M €	+54.5%	1,4 M €	-4.2%	1,5 M €	+21.7%	1,2 M €	+24.7%	992,2 k €	+25.6%	790,1 k €	-4.4%	826,6 k €	+13.1%	731,1 k €	+11.8%	654 k €	+383%	135,3 k €	-14.3%	157,9 k €	+54.6%	102,1 k €	+39.4%	73,3 k €
Total assets	3,4 M €	-14.7%	3,9 M €	+84.1%	2,1 M €	+4.5%	2 M €	+8.4%	1,9 M €	+19.8%	1,6 M €	+2.0%	1,5 M €	+7.6%	1,4 M €	+5.5%	1,4 M €	+3.7%	1,3 M €	+528%	209 k €	+17.0%	178,7 k €	+38.6%	128,9 k €	+24.7%	103,3 k €
Cash	1,5 M €	-20.4%	1,9 M €	+2192%	82,1 k €	-90.6%	876,5 k €	+28.0%	684,6 k €	+60.0%	427,8 k €	+16.1%	368,6 k €	+20.1%	307 k €	+54.0%	199,4 k €	+28.5%	155,2 k €	-22.6%	200,4 k €	+32.0%	151,8 k €	+56.4%	97,1 k €	+37.5%	70,6 k €
Debts	1,8 M €	+4.1%	1,7 M €	+145%	693,6 k €	+29.1%	537,4 k €	-16.9%	646,8 k €	+11.3%	580,9 k €	-22.8%	752,3 k €	+24.0%	606,9 k €	-3.4%	628,2 k €	-4.4%	656,8 k €	+802%	72,8 k €	+267%	19,9 k €	-22.7%	25,7 k €	-12.1%	29,3 k €
Other
Workforce	0,3 ETP	0.0%	0,3 ETP		–		0,3 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 · 1 active · 12 ended

Active mandates

Annelies Vanquathem

Director · since 26 mai 2023

Active

Ended mandates

Annelies Vanquathem

Chairman of the board of directors · since 01 janvier 2023

Ended

Annelies Vanquathem

Chairman of the board of directors · since 01 janvier 2022

Ended

Annelies Vanquathem

Chairman of the board of directors · since 01 janvier 2021

Ended

Annelies Vanquathem

Director · since 01 janvier 2020

Ended

At this address

Other companies at this address

Company	CBE no.
IC BRUGGE● Active	0774.894.297
KRI-MAXE● Active	0770.414.976

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	02/07/2026	08/07/2025	16/05/2024	15/06/2023	16/06/2022	03/06/2021
General meeting	08/06/2026	15/03/2025	12/04/2024	17/05/2023	25/05/2022	06/05/2021
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	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/03/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	12/04/2024	16/05/2024	Dutch	PDF
Abridged model	31/12/2022	17/05/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	06/05/2021	03/06/2021	Dutch	PDF
Abridged model	31/12/2019	21/03/2020	11/05/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/03/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/03/2015	13/04/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	26/05/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	27/06/2013	Dutch	PDF

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 · 1 active · 12 ended

Active mandates

Annelies Vanquathem

Director · since 26 mai 2023

Active

Ended mandates

Annelies Vanquathem

Chairman of the board of directors · since 01 janvier 2023

Ended

Annelies Vanquathem

Chairman of the board of directors · since 01 janvier 2022

Ended

Annelies Vanquathem

Chairman of the board of directors · since 01 janvier 2021

Ended

Annelies Vanquathem

Director · since 01 janvier 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other26/06/2024
BENAMING
PDF
Mandates05/06/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/04/2015
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other03/11/2011
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 202567,6 k €↓
2024
Annual accounts 2024837 k €↑
2024
Name changeVQ-MAXE
2023
Annual accounts 2023274,3 k €↑
2022
Annual accounts 2022268,8 k €↓
2021
Annual accounts 2021302,7 k €↑
2020
Annual accounts 2020202,1 k €↓
2019
Annual accounts 2019207,6 k €↑
2018
Annual accounts 2018138,9 k €↑
2017
Annual accounts 2017102,1 k €↑
2016
Annual accounts 201687,8 k €↓
2015
Annual accounts 2015104,4 k €↑
2014
Annual accounts 201455,7 k €↑
2013
Annual accounts 201328,8 k €↓
2012
Annual accounts 201260,9 k €
2012
Name changeGeassocieerd Notaris Annelies Vanquathem
20/10/2011
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

VQ-MAXE

Overview

What does VQ-MAXE 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