ACTIVE

QSIM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

19,2 k €

-26.0% YoY

Gross margin

67,2 k €

-48.4% YoY

Equity

1,2 M €

+19.4% YoY

What does QSIM do?

QSIM is a Private limited company incorporated in 2004. Its main activity is: Public relations and communication activities. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.422.734

Incorporation

13/02/2004

Legal form

Private limited company

Registered office

Sint-Truidersteenweg 20 box 5
3500 Hasselt · FlandreSee on map

Contributed capital

591 516,64 €

Latest accounts

31/12/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities 85510Sports and recreation education 85510Sports and recreation education 92622Gambling and betting activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	67,2 k €	-48.4%	130,1 k €	+40.3%	92,7 k €	+88.8%	49,1 k €	+114%	23 k €	-50.5%	46,4 k €	-28.7%	65,1 k €	-74.7%	257,8 k €	+754%	30,2 k €	-46.3%	56,2 k €	-23.0%	73 k €	+21.6%	60,1 k €	+66.2%	36,2 k €	+51.5%	23,9 k €	-52.3%	50 k €	+297%	12,6 k €	+493%	2,1 k €	-93.2%	31,3 k €	-20.0%	39,1 k €
EBITDA	61 k €	-50.3%	122,9 k €	+43.3%	85,8 k €	+87.8%	45,7 k €	+340%	10,4 k €	-63.1%	28,1 k €	-20.8%	35,5 k €	-84.9%	234,6 k €	+6588%	-3,6 k €	-109%	41,6 k €	-36.1%	65 k €	+25.7%	51,8 k €	+78.3%	29 k €	+54.1%	18,8 k €	+53.7%	12,3 k €	+125%	-50 k €	+8.8%	-54,9 k €	-326%	24,3 k €	-26.7%	33,2 k €
Operating result	-31,3 k €	-230%	24 k €	+95.9%	12,3 k €	+156%	-21,8 k €	+83.9%	-135,2 k €	-224%	-41,7 k €	-0.3%	-41,6 k €	-125%	169,3 k €	+359%	-65,4 k €	-220%	-20,5 k €	-715%	3,3 k €	+135%	-9,6 k €	+70.4%	-32,5 k €	+24.5%	-43 k €	+13.5%	-49,8 k €	+52.2%	-104,1 k €	+4.5%	-109 k €	-4789%	2,3 k €	-79.2%	11,2 k €
Net result	19,2 k €	-26.0%	25,9 k €	+20.4%	21,5 k €	+277%	-12,1 k €	+90.0%	-121,3 k €	-349%	-27 k €	-4.2%	-25,9 k €	-124%	107,3 k €	+372%	-39,5 k €	-1101%	3,9 k €	-88.9%	35,7 k €	+118%	16,4 k €	+163%	-26,1 k €	-183%	-9,2 k €	+21.8%	-11,8 k €	-114%	83,5 k €	-81.8%	457,7 k €	+7182%	6,3 k €	+311%	-3 k €
Balance sheet
Equity	1,2 M €	+19.4%	1 M €	+2.6%	984,5 k €	+2.2%	962,9 k €	-1.2%	975,1 k €	-11.1%	1,1 M €	-2.4%	1,1 M €	-2.3%	1,1 M €	+10.3%	1 M €	-3.6%	1,1 M €	+0.4%	1,1 M €	+3.4%	1 M €	+1.6%	1 M €	-2.5%	1,1 M €	-0.9%	1,1 M €	-1.1%	1,1 M €	+8.0%	993 k €	+85.5%	535,3 k €	+1.2%	529 k €
Total assets	2,3 M €	+15.9%	2 M €	+15.2%	1,7 M €	-4.9%	1,8 M €	+14.3%	1,6 M €	-10.8%	1,8 M €	-3.7%	1,8 M €	+11.8%	1,6 M €	-3.1%	1,7 M €	-13.9%	2 M €	-0.5%	2 M €	+1.9%	1,9 M €	-1.6%	2 M €	-3.6%	2 M €	-9.6%	2,3 M €	+10.3%	2 M €	+34.6%	1,5 M €	+139%	634,7 k €	-0.4%	637 k €
Cash	107,8 k €	+72.8%	62,3 k €	+103%	30,7 k €	-87.9%	253,4 k €	+59.9%	158,5 k €	-30.4%	227,7 k €	-8.6%	249,2 k €	+47.9%	168,5 k €	+939%	16,2 k €	-67.8%	50,4 k €	+229%	15,3 k €	-20.3%	19,2 k €	+13.0%	17 k €	+19.1%	14,3 k €	+40.3%	10,2 k €	-86.0%	72,6 k €	-22.9%	94,1 k €	+444%	17,3 k €	+12.9%	15,3 k €
Debts	918,6 k €	+17.0%	785,4 k €	+47.2%	533,5 k €	-15.5%	631,4 k €	+66.4%	379,4 k €	-12.7%	434,8 k €	-6.1%	463,2 k €	+99.7%	232 k €	-49.7%	461,4 k €	-32.4%	682,9 k €	-0.3%	685,1 k €	+1.9%	672,5 k €	-5.1%	708,8 k €	-4.8%	744,3 k €	-20.9%	940,5 k €	+33.2%	706,3 k €	+183%	249,3 k €	+155%	97,7 k €	-7.7%	105,9 k €
Other
Workforce	–		–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+33.3%	0,6 ETP	0.0%	0,6 ETP	+100%	0,3 ETP		–		–		–		–		2,8 ETP	-34.9%	4,3 ETP	+207%	1,4 ETP		–		0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

KIM VANRUTTEN

Manager

Active

Ended mandates

KIM VANRUTTEN

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Indeherberge - Meurice● Active	0419.093.151
Vereniging van Mede-eigenaars Gebouw Sint-Truiderpoort te 3500 Hasselt, Sint-Truidersteenweg 20● Active	0825.656.476

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	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	15 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	28/07/2025	26/04/2024	30/03/2023	29/04/2022	13/04/2021
General meeting	04/06/2026	13/06/2025	11/03/2024	13/03/2023	14/03/2022	08/03/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	28/07/2025	Dutch	PDF
Abridged model	30/09/2023	11/03/2024	26/04/2024	Dutch	PDF
Abridged model	30/09/2022	13/03/2023	30/03/2023	Dutch	PDF
Abridged model	30/09/2021	14/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	08/03/2021	13/04/2021	Dutch	PDF
Abridged model	30/09/2019	09/03/2020	14/04/2020	Dutch	PDF
Abridged model	30/09/2018	11/03/2019	24/04/2019	Dutch	PDF
Abridged model	30/09/2017	12/03/2018	03/05/2018	Dutch	PDF
Abridged model	30/09/2016	13/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	14/03/2016	12/05/2016	Dutch	PDF
Abridged model	30/09/2014	09/03/2015	02/04/2015	Dutch	PDF
Abridged model	30/09/2013	10/03/2014	22/04/2014	Dutch	PDF
Abridged model	30/09/2012	11/03/2013	26/04/2013	Dutch	PDF
Abridged model	30/09/2011	12/03/2012	05/05/2012	Dutch	PDF
Abridged model	30/09/2010	14/03/2011	03/05/2011	Dutch	PDF
Abridged model	30/09/2009	09/03/2010	18/05/2010	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

KIM VANRUTTEN

Manager

Active

Ended mandates

KIM VANRUTTEN

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office25/02/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other09/04/2008
DOEL - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/02/2004
ONTSLAGEN - BENOEMINGEN - BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
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 202519,2 k €↓
2025
Name changeQSIM
2024
Annual accounts 202425,9 k €↑
2023
Annual accounts 202321,5 k €↑
2022
Annual accounts 2022-12,1 k €↑
2021
Annual accounts 2021-121,3 k €↓
2021
Name changeQ.S.I.M.
2020
Annual accounts 2020-27 k €↓
2019
Annual accounts 2019-25,9 k €↓
2018
Annual accounts 2018107,3 k €↑
2017
Annual accounts 2017-39,5 k €↓
2016
Annual accounts 20163,9 k €↓
2015
Annual accounts 201535,7 k €↑
2014
Annual accounts 201416,4 k €↑
2013
Annual accounts 2013-26,1 k €↓
2012
Annual accounts 2012-9,2 k €↑
2011
Annual accounts 2011-11,8 k €↓
2010
Annual accounts 201083,5 k €↓
2009
Annual accounts 2009457,7 k €↑
2007
Annual accounts 20076,3 k €↑
2006
Annual accounts 2006-3 k €
13/02/2004
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

QSIM

Overview

What does QSIM do?

Trend over 19 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