ACTIVE

CQS

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Financial year 2025 · closed on 31/12/2025

Net result

30,1 k €

+490.7% YoY

Gross margin

68,9 k €

+62.7% YoY

Equity

110,9 k €

+22.1% YoY

What does CQS do?

CQS is a Private limited company incorporated in 2007. Its main activity is: Manufacture of electric domestic appliances. Its registered office is in Enghien.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.348.170

Incorporation

29/03/2007

Legal form

Private limited company

Registered office

Place Pierre Delannoy 50
7850 Enghien · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

27510Manufacture of electric domestic appliances· main 27510Manufacture of electric domestic appliances 29710Manufacture of motor vehicles, trailers and semi-trailers 52100Warehousing and storage 52100Warehousing and storage

Joint committees (1)

14901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ 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		2008		2007
Income statement
Gross margin	68,9 k €	+62.7%	42,4 k €	+189%	14,7 k €	-61.5%	38,1 k €	-21.5%	48,5 k €	+78.4%	27,2 k €	-41.8%	46,8 k €	+5.6%	44,3 k €	+37.0%	32,3 k €	-17.5%	39,2 k €	+11.0%	35,3 k €	+6.3%	33,2 k €	+29.8%	25,6 k €	-23.3%	33,3 k €	+125%	14,8 k €	-15.2%	17,5 k €	+2331%	-783 €	-104%	20,9 k €	+282%	-11,5 k €
EBITDA	63,1 k €	+134%	27 k €	+329%	-11,8 k €	-140%	29,2 k €	-17.7%	35,5 k €	+239%	-25,5 k €	-197%	26,3 k €	-3.5%	27,3 k €	+15.6%	23,6 k €	-28.7%	33,1 k €	-3.2%	34,2 k €	+4.7%	32,7 k €	+30.3%	25,1 k €	-23.5%	32,8 k €	+130%	14,2 k €	-16.2%	17 k €	+1801%	-999 €	-105%	20,7 k €	+271%	-12,1 k €
Operating result	44,7 k €	+331%	10,4 k €	+141%	-25,2 k €	-203%	24,4 k €	-1.5%	24,7 k €	+171%	-34,7 k €	-285%	18,8 k €	-20.2%	23,5 k €	+17.4%	20,1 k €	-31.3%	29,2 k €	+34.9%	21,6 k €	+9.8%	19,7 k €	+65.8%	11,9 k €	-38.8%	19,4 k €	+273%	5,2 k €	-56.5%	12 k €	+232%	-9,1 k €	-172%	12,6 k €	+160%	-21 k €
Net result	30,1 k €	+491%	5,1 k €	+163%	-8,1 k €	-194%	8,7 k €	-70.4%	29,3 k €	+176%	-38,7 k €	-350%	15,5 k €	+3.0%	15,1 k €	+2.3%	14,7 k €	-30.5%	21,2 k €	+56.6%	13,5 k €	-9.6%	15 k €	+916%	-1,8 k €	-136%	5,1 k €	+453%	917 €	-87.5%	7,4 k €	+145%	-16,2 k €	-279%	9,1 k €	+139%	-23,2 k €
Balance sheet
Equity	110,9 k €	+22.1%	90,8 k €	+5.9%	85,7 k €	-8.7%	93,9 k €	+10.2%	85,2 k €	+52.3%	55,9 k €	-40.9%	94,6 k €	+19.6%	79,1 k €	+23.5%	64,1 k €	+29.8%	49,4 k €	+75.1%	28,2 k €	+92.0%	14,7 k €	+5537%	-270 €	-117%	1,6 k €	+145%	-3,5 k €	+20.7%	-4,4 k €	+62.4%	-11,8 k €	-48.5%	-7,9 k €	+53.3%	-17 k €
Total assets	161,1 k €	+7.4%	150 k €	-15.5%	177,6 k €	+0.0%	177,6 k €	-7.1%	191,2 k €	+3.9%	184 k €	+11.6%	165 k €	+18.1%	139,6 k €	+33.2%	104,9 k €	-5.8%	111,3 k €	+49.3%	74,6 k €	+12.4%	66,3 k €	-11.4%	74,9 k €	-27.1%	102,8 k €	+112%	48,4 k €	+52.3%	31,8 k €	-15.7%	37,7 k €	-33.5%	56,7 k €	-7.9%	61,6 k €
Cash	32,7 k €	+64.3%	19,9 k €	+650%	2,7 k €	-72.7%	9,7 k €		–		–		–		–		–		10,3 k €	0.0%	10,3 k €	+3.1%	10 k €	0.0%	10 k €	0.0%	10 k €		–		–		–		–		–
Debts	50,2 k €	-15.3%	59,2 k €	-35.6%	91,9 k €	+9.8%	83,7 k €	-21.0%	106,1 k €	-17.2%	128,1 k €	+82.1%	70,3 k €	+17.3%	60 k €	+47.1%	40,8 k €	-31.5%	59,6 k €	+31.4%	45,3 k €	-11.5%	51,3 k €	-31.1%	74,4 k €	-26.0%	100,4 k €	+93.6%	51,9 k €	+46.8%	35,3 k €	-27.9%	49 k €	-22.2%	63 k €	-18.8%	77,6 k €
Other
Workforce	–		–		–		0,6 ETP	-66.7%	1,8 ETP	0.0%	1,8 ETP	+80.0%	1,0 ETP	+11.1%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	+300%	0,2 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Antoine TIEST

Director · since 29 septembre 2023

Active

Johnny L'HOIR

Director · since 29 mars 2007

Active

Ended mandates

Johnny L'Hoir

Manager · since 20 mars 2007

Ended

johnny LHOIR

Director · since 20 mars 2007

Ended

Johnny L'Hoir

Manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	11/08/2026	29/08/2025	03/01/2025	03/10/2023	05/08/2022	27/08/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	11/08/2026	French	PDF
Micro model	31/12/2024	02/06/2025	29/08/2025	French	PDF
Micro model	31/12/2023	03/06/2024	03/01/2025	French	PDF
Abridged model	31/12/2022	05/06/2023	03/10/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	07/08/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	04/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	04/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	05/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	14/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	07/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	17/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	22/09/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 3 ended

Active mandates

Antoine TIEST

Director · since 29 septembre 2023

Active

Johnny L'HOIR

Director · since 29 mars 2007

Active

Ended mandates

Johnny L'Hoir

Manager · since 20 mars 2007

Ended

johnny LHOIR

Director · since 20 mars 2007

Ended

Johnny L'Hoir

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2023
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office03/11/2011
SIEGE SOCIAL
PDF
Registered office17/11/2009
SIEGE SOCIAL
PDF
Registered office02/01/2008
SIEGE SOCIAL
PDF
Other06/04/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202530,1 k €↑
2024
Annual accounts 20245,1 k €↑
2023
Annual accounts 2023-8,1 k €↓
2022
Annual accounts 20228,7 k €↓
2021
Annual accounts 202129,3 k €↑
2020
Annual accounts 2020-38,7 k €↓
2019
Annual accounts 201915,5 k €↑
2018
Annual accounts 201815,1 k €↑
2017
Annual accounts 201714,7 k €↓
2016
Annual accounts 201621,2 k €↑
2015
Annual accounts 201513,5 k €↓
2014
Annual accounts 201415 k €↑
2013
Annual accounts 2013-1,8 k €↓
2012
Annual accounts 20125,1 k €↑
2011
Annual accounts 2011917 €↓
2010
Annual accounts 20107,4 k €↑
2009
Annual accounts 2009-16,2 k €↓
2008
Annual accounts 20089,1 k €↑
2007
Annual accounts 2007-23,2 k €
29/03/2007
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

CQS

Overview

What does CQS 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