ACTIVE

CQFD - VITASMILE

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Financial year 2025 · closed on 31/12/2025

Net result

39,5 k €

-15.0% YoY

Gross margin

68,9 k €

-12.8% YoY

Equity

202,2 k €

+23.6% YoY

What does CQFD - VITASMILE do?

CQFD - VITASMILE is a Public limited company incorporated in 2008. Its registered office is in Blégny.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.595.024

Incorporation

01/08/2008

Legal form

Public limited company

Registered office

Rue Lieutenant Jungling 8
4671 Blégny · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	68,9 k €	-12.8%	79 k €	-21.6%	100,8 k €	-9.8%	111,7 k €	+72.4%	64,8 k €	+20.8%	53,6 k €	-46.1%	99,6 k €	+4.9%	95 k €	+16.2%	81,7 k €	-5.3%	86,3 k €	+17.3%	73,5 k €	+235%	22 k €	-15.4%	26 k €	-5.7%	27,5 k €	-19.0%	34 k €	+80.5%	18,8 k €	+31.2%	14,3 k €	-64.2%	40,1 k €
EBITDA	68 k €	-12.6%	77,8 k €	+12.2%	69,3 k €	-4.9%	72,9 k €	+148%	29,4 k €	+9.5%	26,9 k €	-60.7%	68,3 k €	+3.4%	66,1 k €	+20.6%	54,8 k €	-9.4%	60,5 k €	+27.6%	47,4 k €	+469%	8,3 k €	-67.0%	25,2 k €	-3.9%	26,2 k €	-22.0%	33,6 k €	+82.0%	18,5 k €	+32.0%	14 k €	-64.5%	39,4 k €
Operating result	60,1 k €	-8.6%	65,8 k €	+64.4%	40 k €	-6.0%	42,5 k €	+3200%	1,3 k €	+190%	-1,4 k €	-104%	38,5 k €	+34.1%	28,7 k €	+25.7%	22,8 k €	-17.1%	27,6 k €	+11.7%	24,7 k €	+271%	-14,4 k €	-163%	22,8 k €	-12.5%	26 k €	-21.8%	33,3 k €	+80.0%	18,5 k €	+32.0%	14 k €	-64.5%	39,4 k €
Net result	39,5 k €	-15.0%	46,4 k €	+68.6%	27,5 k €	-8.4%	30,1 k €	+10812%	275,6 €	+111%	-2,4 k €	-109%	26,1 k €	+40.1%	18,6 k €	+35.3%	13,7 k €	-17.1%	16,6 k €	-13.6%	19,2 k €	+202%	-18,8 k €	-218%	15,9 k €	+0.2%	15,8 k €	-27.3%	21,8 k €	+79.2%	12,2 k €	+40.4%	8,7 k €	-66.7%	26 k €
Balance sheet
Equity	202,2 k €	+23.6%	163,6 k €	+23.9%	132,1 k €	+25.4%	105,3 k €	+38.5%	76 k €	-24.5%	100,7 k €	-17.7%	122,4 k €	+27.1%	96,3 k €	+22.7%	78,5 k €	+21.2%	64,8 k €	+34.4%	48,2 k €	+66.3%	29 k €	-51.5%	59,7 k €	+29.1%	46,3 k €	+91.0%	24,2 k €	+38.9%	17,4 k €	-23.5%	22,8 k €	-5.6%	24,1 k €
Total assets	240,6 k €	+19.4%	201,5 k €	+5.8%	190,5 k €	-2.3%	194,9 k €	-9.4%	215,2 k €	-6.7%	230,7 k €	-9.2%	254,2 k €	-0.8%	256,4 k €	+6.7%	240,3 k €	-5.4%	254,1 k €	+26.9%	200,2 k €	-2.3%	205 k €	+178%	73,6 k €	+31.7%	55,9 k €	+22.6%	45,6 k €	+31.1%	34,8 k €	+17.0%	29,7 k €	+2.5%	29 k €
Cash	228,7 k €	+24.5%	183,7 k €	+18.1%	155,6 k €	+38.6%	112,2 k €	+26.3%	88,8 k €	+5.2%	84,4 k €	-13.1%	97,2 k €	+35.5%	71,7 k €	+27.0%	56,5 k €	-4.9%	59,4 k €	+35.6%	43,8 k €	+81.6%	24,1 k €	-43.2%	42,5 k €	+21.8%	34,9 k €	+37.9%	25,3 k €	+2.8%	24,6 k €	+11.4%	22,1 k €	+24.9%	17,7 k €
Debts	38,4 k €	+1.2%	37,9 k €	-35.1%	58,4 k €	-34.8%	89,6 k €	-35.6%	139,2 k €	+7.1%	130 k €	+0.9%	128,9 k €	-19.5%	160,1 k €	-1.0%	161,8 k €	-14.5%	189,3 k €	+24.5%	152 k €	-13.5%	175,7 k €	+1164%	13,9 k €	+44.4%	9,6 k €	-54.9%	21,4 k €	+23.2%	17,3 k €	+150%	6,9 k €	+42.1%	4,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,7 ETP	+75.0%	0,4 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Annick URFELS

Managing director · since 26 mars 2020

Active

Ended mandates

Annick URFELS

Director · since 28 juillet 2008

Ended

Annick URFELS

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	20/07/2026	31/07/2025	31/07/2024	31/07/2023	31/08/2022	20/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	20/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	31/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	31/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Micro model	31/12/2021	24/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	20/08/2021	French	PDF
Micro model	31/12/2019	26/06/2020	14/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	15/07/2019	French	PDF
Micro model	31/12/2017	29/06/2018	31/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	29/03/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	17/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	27/08/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

Annick URFELS

Managing director · since 26 mars 2020

Active

Ended mandates

Annick URFELS

Director · since 28 juillet 2008

Ended

Annick URFELS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/04/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other12/08/2008
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 202539,5 k €↓
2024
Annual accounts 202446,4 k €↑
2023
Annual accounts 202327,5 k €↓
2022
Annual accounts 202230,1 k €↑
2021
Annual accounts 2021275,6 €↑
2020
Annual accounts 2020-2,4 k €↓
2019
Annual accounts 201926,1 k €↑
2018
Annual accounts 201818,6 k €↑
2017
Annual accounts 201713,7 k €↓
2016
Annual accounts 201616,6 k €↓
2015
Annual accounts 201519,2 k €↑
2014
Annual accounts 2014-18,8 k €↓
2013
Annual accounts 201315,9 k €↑
2012
Annual accounts 201215,8 k €↓
2011
Annual accounts 201121,8 k €↑
2010
Annual accounts 201012,2 k €↑
2009
Annual accounts 20098,7 k €↓
2008
Annual accounts 200826 k €
01/08/2008
IncorporationPublic 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

CQFD - VITASMILE

Overview

What does CQFD - VITASMILE do?

Trend over 18 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