ACTIVE

QUERCUS CONSULT

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Financial year 2025 · closed on 31/12/2025

Net result

-21,7 k €

-101.5% YoY

Gross margin

45,4 k €

-97.8% YoY

Equity

1,6 M €

-1.3% YoY

Workforce

0,5 ETP

0.0% YoY

What does QUERCUS CONSULT do?

QUERCUS CONSULT is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Zedelgem. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.735.148

Incorporation

22/12/2004

Legal form

Private limited company

Registered office

Heidelbergstraat 33
8210 Zedelgem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

0,5 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74142Specialised design activities 74203Photographic activities

Joint committees (3)

200
20000
218

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	45,4 k €	-97.8%	2,1 M €	+1629%	121,1 k €	+131%	52,4 k €	-43.0%	92 k €	-23.2%	119,9 k €	-21.8%	153,4 k €	+40.5%	109,2 k €	-9.9%	121,1 k €	-12.7%	138,7 k €	-6.2%	147,8 k €	+1.6%	145,5 k €	-12.3%	165,9 k €	-9.5%	183,3 k €	+16.6%	157,2 k €	+31.4%	119,7 k €	+70.2%	70,3 k €	+5.8%	66,5 k €	-44.7%	120,3 k €	+677%	15,5 k €
EBITDA	11,1 k €	-99.5%	2,1 M €	+2292%	86 k €	+620%	11,9 k €	-74.9%	47,7 k €	-38.5%	77,5 k €	-39.2%	127,6 k €	+49.4%	85,4 k €	-11.5%	96,5 k €	-16.0%	114,9 k €	+1.3%	113,5 k €	+11.2%	102 k €	-4.3%	106,6 k €	-14.3%	124,4 k €	+28.9%	96,5 k €	+6.3%	90,8 k €	+76.9%	51,3 k €	+2.2%	50,2 k €	-56.8%	116,2 k €	+651%	15,5 k €
Operating result	-25,4 k €	-101%	2 M €	+48212%	4,2 k €	+130%	-13,9 k €	-203%	13,5 k €	-65.9%	39,6 k €	-49.8%	78,8 k €	+120%	35,8 k €	-22.1%	46 k €	-32.8%	68,4 k €	+30.3%	52,5 k €	+9.8%	47,8 k €	-1.0%	48,3 k €	-20.7%	60,8 k €	+92.0%	31,7 k €	-16.3%	37,8 k €	+23.9%	30,5 k €	+3.9%	29,4 k €	-69.3%	95,5 k €	+2462%	3,7 k €
Net result	-21,7 k €	-101%	1,5 M €	+2371%	58,8 k €	+195%	19,9 k €	+589%	-4,1 k €	-121%	19,7 k €	-79.8%	97,8 k €	+630%	13,4 k €	-40.3%	22,4 k €	-46.2%	41,7 k €	+22.1%	34,1 k €	+7.6%	31,7 k €	+74.0%	18,2 k €	-27.5%	25,1 k €	+336%	5,8 k €	-75.9%	23,9 k €	+16.2%	20,6 k €	-4.2%	21,5 k €	-65.7%	62,6 k €	+72992%	85,6 €
Balance sheet
Equity	1,6 M €	-1.3%	1,7 M €	+705%	205,9 k €	+39.9%	147,2 k €	+15.7%	127,2 k €	-3.1%	131,3 k €	-18.7%	161,6 k €	+39.5%	115,8 k €	+9.4%	105,9 k €	-26.2%	143,5 k €	+11.4%	128,8 k €	+5.9%	121,6 k €	+4.6%	116,3 k €	+18.6%	98,1 k €	+34.4%	73 k €	-31.9%	107,2 k €	+28.7%	83,3 k €	+24.8%	66,8 k €	+10.7%	60,3 k €	+1507%	3,8 k €
Total assets	2,2 M €	-4.6%	2,3 M €	+140%	955,4 k €	+80.6%	529 k €	-2.9%	544,8 k €	-6.9%	585,3 k €	-6.2%	623,7 k €	+3.8%	600,6 k €	-8.3%	655,2 k €	-1.5%	665,2 k €	-6.2%	709,1 k €	+12.1%	632,3 k €	-2.2%	646,8 k €	-3.9%	672,9 k €	+2.7%	655,1 k €	+75.3%	373,8 k €	+113%	175,6 k €	+0.5%	174,7 k €	-0.3%	175,1 k €	+119%	79,8 k €
Cash	40,4 k €	-97.3%	1,5 M €	+2571%	55,1 k €	+77.0%	31,1 k €	-73.1%	115,9 k €	-28.4%	161,8 k €	+79.6%	90,1 k €	+21.2%	74,3 k €	-30.3%	106,7 k €	-19.2%	132 k €	-19.1%	163,1 k €	+1626%	9,4 k €	-0.0%	9,4 k €	-49.2%	18,6 k €	+5.2%	17,7 k €	+133%	7,6 k €	-89.5%	71,9 k €	+551%	11,1 k €	+276%	2,9 k €	-22.4%	3,8 k €
Debts	522,7 k €	-13.5%	604,6 k €	-19.3%	749,1 k €	+96.3%	381,6 k €	-8.5%	417,2 k €	-8.0%	453,4 k €	-1.8%	461,5 k €	-4.7%	484,3 k €	-11.2%	545,5 k €	+4.8%	520,5 k €	-10.2%	579,4 k €	+13.9%	508,8 k €	-3.6%	527,8 k €	-7.6%	571,1 k €	-1.2%	578 k €	+118%	265,3 k €	+190%	91,4 k €	-15.3%	107,9 k €	-5.3%	113,9 k €	+50.2%	75,8 k €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-28.6%	0,7 ETP	-22.2%	0,9 ETP	-18.2%	1,1 ETP	+120%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-28.6%	0,7 ETP	-22.2%	0,9 ETP	-40.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+114%	0,7 ETP	+40.0%	0,5 ETP	-16.7%	0,6 ETP	+200%	0,2 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Sofia De Norre

Director · since 22 décembre 2004

Active

Wouter Vansteenkiste

Director · since 22 décembre 2004

Active

Ended mandates

Sofia De Norre

Director

Ended

Sofia De Norre

Manager

Ended

Wouter Vansteenkiste

Director

Ended

Wouter Vansteenkiste

Manager

Ended

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	14/08/2025	19/07/2024	20/07/2023	29/07/2022	12/07/2021
General meeting	09/05/2026	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/05/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/05/2025	14/08/2025	Dutch	PDF
Abridged model	31/12/2023	11/05/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	12/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/07/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	11/05/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	12/05/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	24/05/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	21/05/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	16/05/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 4 ended

Active mandates

Sofia De Norre

Director · since 22 décembre 2004

Active

Wouter Vansteenkiste

Director · since 22 décembre 2004

Active

Ended mandates

Sofia De Norre

Director

Ended

Sofia De Norre

Manager

Ended

Wouter Vansteenkiste

Director

Ended

Wouter Vansteenkiste

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other31/12/2004
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 2025-21,7 k €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 202358,8 k €↑
2022
Annual accounts 202219,9 k €↑
2021
Annual accounts 2021-4,1 k €↓
2020
Annual accounts 202019,7 k €↓
2019
Annual accounts 201997,8 k €↑
2018
Annual accounts 201813,4 k €↓
2017
Annual accounts 201722,4 k €↓
2016
Annual accounts 201641,7 k €↑
2015
Annual accounts 201534,1 k €↑
2014
Annual accounts 201431,7 k €↑
2013
Annual accounts 201318,2 k €↓
2012
Annual accounts 201225,1 k €↑
2011
Annual accounts 20115,8 k €↓
2010
Annual accounts 201023,9 k €↑
2009
Annual accounts 200920,6 k €↓
2008
Annual accounts 200821,5 k €↓
2007
Annual accounts 200762,6 k €↑
2006
Annual accounts 200685,6 €
22/12/2004
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

QUERCUS CONSULT

Overview

What does QUERCUS CONSULT do?

Trend over 20 financial years

Indicative valuation

Board of directors

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