ACTIVE

QUALHEMA

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Financial year 2025 · closed on 31/12/2025

Net result

17,3 k €

-11.0% YoY

Gross margin

45,5 k €

-8.1% YoY

Equity

197,3 k €

+9.1% YoY

What does QUALHEMA do?

QUALHEMA is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Verlaine.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.574.640

Incorporation

29/07/2004

Legal form

Private limited company

Registered office

Grand-Route(VER) 47
4537 Verlaine · WallonieSee on map

Contributed capital

10 413,34 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	45,5 k €	-8.1%	49,5 k €	+72.0%	28,8 k €	+271%	7,7 k €	-97.1%	271,5 k €	+32.7%	204,6 k €	-8.6%	223,9 k €	+37.4%	163 k €	-21.8%	208,4 k €	-4.6%	218,4 k €	+32.4%	165 k €	+12.6%	146,5 k €	-14.5%	171,3 k €	-8.4%	186,9 k €	+90.9%	97,9 k €	+230%	29,7 k €	-25.5%	39,8 k €	-59.8%	99,2 k €	+73.4%	57,2 k €	-17.4%	69,2 k €
EBITDA	43,8 k €	-8.1%	47,7 k €	+75.5%	27,2 k €	+267%	7,4 k €	-96.4%	204,4 k €	+87.7%	108,9 k €	-6.4%	116,4 k €	+22.6%	94,9 k €	-32.2%	140,1 k €	-7.8%	151,9 k €	+29.0%	117,8 k €	+11.7%	105,5 k €	-34.7%	161,6 k €	-9.7%	179 k €	+99.1%	89,9 k €	+294%	22,8 k €	-30.8%	33 k €	-64.7%	93,4 k €	+83.3%	51 k €	-18.8%	62,8 k €
Operating result	29,5 k €	-9.3%	32,6 k €	+136%	13,8 k €	+332%	-6 k €	-104%	159,6 k €	+119%	72,8 k €	+12.9%	64,5 k €	+79.8%	35,9 k €	-48.4%	69,6 k €	-26.1%	94,1 k €	+76.8%	53,2 k €	+36.8%	38,9 k €	-58.4%	93,6 k €	-30.0%	133,8 k €	+140%	55,8 k €	+404%	11,1 k €	+530%	-2,6 k €	-105%	53,9 k €	+304%	13,4 k €	-55.1%	29,8 k €
Net result	17,3 k €	-11.0%	19,4 k €	+104%	9,5 k €	+210%	-8,6 k €	-106%	136,7 k €	+1520%	-9,6 k €	-122%	42,8 k €	+96.7%	21,8 k €	-45.2%	39,7 k €	-24.3%	52,4 k €	+148%	21,1 k €	-5.0%	22,2 k €	-64.9%	63,4 k €	-23.7%	83,1 k €	+131%	35,9 k €	+4685%	-783 €	+96.4%	-21,9 k €	-188%	25 k €	+428%	-7,6 k €	-168%	11,3 k €
Balance sheet
Equity	197,3 k €	+9.1%	180,9 k €	+11.4%	162,3 k €	+5.6%	153,7 k €	-44.0%	274,4 k €	-25.2%	366,8 k €	-2.8%	377,3 k €	+12.8%	334,5 k €	+6.7%	313,5 k €	+14.2%	274,5 k €	+23.2%	222,9 k €	-32.7%	330,9 k €	+7.2%	308,7 k €	+25.9%	245,3 k €	+51.2%	162,2 k €	+28.4%	126,3 k €	-0.6%	127,1 k €	-14.7%	149 k €	+20.2%	124 k €	-5.8%	131,7 k €
Total assets	274,7 k €	+9.3%	251,4 k €	+10.7%	227,1 k €	+7.6%	211,1 k €	-75.8%	873,3 k €	+47.8%	590,7 k €	-9.0%	649,2 k €	-2.4%	664,9 k €	-11.4%	750,6 k €	+10.6%	678,7 k €	-2.2%	693,8 k €	-11.3%	781,8 k €	-6.3%	834,5 k €	+28.7%	648,2 k €	+11.5%	581,2 k €	+41.4%	411,1 k €	-7.6%	445,2 k €	-12.5%	508,5 k €	+3.1%	493,1 k €	-5.0%	519,1 k €
Cash	112,3 k €	+55.8%	72,1 k €	+109%	34,5 k €	+75.1%	19,7 k €	-91.6%	233,2 k €	+120%	105,9 k €	-17.0%	127,6 k €	-0.6%	128,4 k €	-9.6%	142,1 k €	+50.0%	94,7 k €	+18.8%	79,7 k €	-28.4%	111,4 k €	-27.7%	154,1 k €	+44.6%	106,6 k €	+96.8%	54,2 k €	+312%	13,1 k €	-52.0%	27,4 k €	+204%	9 k €	-65.6%	26,2 k €	+296%	6,6 k €
Debts	77,4 k €	+9.7%	70,5 k €	+9.0%	64,7 k €	+12.8%	57,4 k €	-90.4%	599 k €	+168%	223,9 k €	-17.7%	271,9 k €	-17.7%	330,4 k €	-24.4%	436,9 k €	+8.2%	403,7 k €	-14.1%	470 k €	+4.5%	449,8 k €	-14.4%	525,8 k €	+30.5%	402,9 k €	-3.8%	418,8 k €	+47.3%	284,4 k €	-10.5%	317,7 k €	-11.4%	358,6 k €	-2.6%	368,1 k €	-4.8%	386,5 k €
Other
Workforce	–		–		–		0,0 ETP	-100%	1,0 ETP	-33.3%	1,5 ETP	-25.0%	2,0 ETP	+53.8%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

MICHEL WERA

Director

Active

Ended mandates

Michel WERA

Administrator - manager · since 24 juin 2004

Ended

MICHEL WERA

Manager · since 24 juin 2004

Ended

At this address

Other companies at this address

Company	CBE no.
WERA ET FILS● Active	0789.369.370

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro 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	08/06/2026	10/06/2025	23/07/2024	14/08/2023	08/06/2022	25/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/06/2026	08/06/2026	French	PDF
Micro model	31/12/2024	07/06/2025	10/06/2025	French	PDF
Abridged model	31/12/2023	01/06/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	03/06/2023	14/08/2023	French	PDF
Abridged model	31/12/2021	04/06/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	05/06/2021	25/06/2021	French	PDF
Abridged model	31/12/2019	06/06/2020	08/06/2020	French	PDF
Abridged model	31/12/2018	01/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	02/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	03/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	06/06/2015	25/06/2015	French	PDF
Abridged modelCorrection	31/12/2013	02/06/2014	03/10/2014	French	PDF
Abridged model	31/12/2013	02/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	09/08/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	18/08/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	16/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 ended

Active mandates

MICHEL WERA

Director

Active

Ended mandates

Michel WERA

Administrator - manager · since 24 juin 2004

Ended

MICHEL WERA

Manager · since 24 juin 2004

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other27/02/2024
DIVERS
PDF
Restructuring17/08/2022
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring15/06/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates01/07/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office25/03/2019
SIEGE SOCIAL
PDF
Capital / shares22/01/2016
CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Other03/05/2011
OBJET - DIVERS
PDF
Registered office15/05/2008
SIEGE SOCIAL
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 202517,3 k €↓
2025
Name changeQUALHEMA (immobilière)
2024
Annual accounts 202419,4 k €↑
2023
Annual accounts 20239,5 k €↑
2022
Annual accounts 2022-8,6 k €↓
2021
Annual accounts 2021136,7 k €↑
2021
Name changeQUALHEMA
2020
Annual accounts 2020-9,6 k €↓
2019
Annual accounts 201942,8 k €↑
2018
Annual accounts 201821,8 k €↓
2017
Annual accounts 201739,7 k €↓
2016
Annual accounts 201652,4 k €↑
2015
Annual accounts 201521,1 k €↓
2014
Annual accounts 201422,2 k €↓
2013
Annual accounts 201363,4 k €↓
2012
Annual accounts 201283,1 k €↑
2011
Annual accounts 201135,9 k €↑
2010
Annual accounts 2010-783 €↑
2009
Annual accounts 2009-21,9 k €↓
2008
Annual accounts 200825 k €↑
2007
Annual accounts 2007-7,6 k €↓
2006
Annual accounts 200611,3 k €
29/07/2004
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

QUALHEMA

Overview

What does QUALHEMA do?

Trend over 20 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