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QUAEROQ

Active Risk: not assessed
Public limited companyfounded 200322 yrs activeKalkhoevestraat 10, 8790 Waregem, BelgiumKBO/BCE: BE 0862.330.988
Summary

QUAEROQ is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €55.9m and a net result of €13.9m. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 2473 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

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QUAEROQActive
Risk analysis ReportCompare

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
22 d early
2023
35 d early
2022
24 d early
2021
18 d early
2020
26 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

QUAEROQ was incorporated on 22 December 2003.1 In 2019 the capital was increased by €3.3m to €3.3m.2 The registered office was moved to Waregem in 2022.3 The board currently has 2 members; NV Vauban has served longest, since 2015.4 Total assets rose from €76.0m in 2018 to €86.1m in 2025.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-12-2019
  3. 3Belgian State Gazette, 14-11-2022
  4. 4Belgian State Gazette, 10-09-2021
  5. 5National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

In the rankings #6 company by equity in Waregem, Finance and insurance sector#7 company by total assets in Waregem, Finance and insurance sector
Equity
€55.9m▼ 9.8%
2024 · €62.0m
Net result
€13.9m
2024 · -€752,847
Total assets
€86.1m▼ 32.2%
2024 · €127.0m
Solvency
64.9%▲ 16.2pp
2024 · 48.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€0.01m€0.02m▲ 61.3%€0.02m▲ 0.3%
Operating result-€0.4m▼ 40.9%-€0.4m▼ 14.3%-€0.4m▼ 4.4%-€0.3m▲ 37.5%-€0.3m▼ 22.0%
Net result€10.0mabove the sector's middle half▼ 34.7%€5.4mabove the sector's middle half▼ 45.4%€3.5mabove the sector's middle half▼ 35.3%-€0.8mbelow the sector's middle half€13.9mabove the sector's middle half
Equity€103.8mabove the sector's middle half▲ 10.6%€109.2mabove the sector's middle half▲ 5.2%€112.7mabove the sector's middle half▲ 3.2%€62.0mabove the sector's middle half▼ 45.0%€55.9mabove the sector's middle half▼ 9.8%
Total assets€108.8mabove the sector's middle half▲ 10.1%€114.3mabove the sector's middle half▲ 5.0%€127.8mabove the sector's middle half▲ 11.8%€127.0mabove the sector's middle half▼ 0.6%€86.1mabove the sector's middle half▼ 32.2%
Debt€5.1m▲ 1.2%€5.1m▲ 0.6%€15.1m▲ 196%€65.1m▲ 330%€30.2m▼ 53.6%
Working capital€48.2mabove the sector's middle half▲ 28.8%€57.1mabove the sector's middle half▲ 18.5%€49.4mabove the sector's middle half▼ 13.4%-€23.5mbelow the sector's middle half€9.7mabove the sector's middle half
Solvency95.3%above the sector's middle half▲ 0.4pp95.5%above the sector's middle half▲ 0.2pp88.2%above the sector's middle half▼ 7.4pp48.8%within the sector's middle half▼ 39.4pp64.9%within the sector's middle half▲ 16.2pp
Current ratio10.51above the sector's middle half▲ 2.0512.21above the sector's middle half▲ 1.704.27above the sector's middle half▼ 7.940.64within the sector's middle half▼ 3.631.32within the sector's middle half▲ 0.68
Return on assets (ROA)9.1%above the sector's middle half▼ 6.3pp4.8%within the sector's middle half▼ 4.4pp2.8%within the sector's middle half▼ 2.0pp-0.6%below the sector's middle half▼ 3.3pp16.2%above the sector's middle half▲ 16.8pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€5.0m€0€5.0m€10.0m€15.0mOperating result 2021: -€356,832-€356,832Net result 2021: €10.0m€10.0mOperating result 2022: -€407,685-€407,685Net result 2022: €5.4m€5.4mOperating result 2023: -€425,601-€425,601Net result 2023: €3.5m€3.5mOperating result 2024: -€265,976-€265,976Net result 2024: -€752,847-€752,847Operating result 2025: -€324,542-€324,542Net result 2025: €13.9m€13.9m20212022202320242025-€5m€0€5m€10m€15mOperating result 2023: -€425,601-€426,000Net result 2023: €3.5m€3.5mOperating result 2024: -€265,976-€266,000Net result 2024: -€752,847-€753,000Operating result 2025: -€324,542-€325,000Net result 2025: €13.9m€14m202320242025
The operating result stays negative: a loss of €324,542 in 2025 against €265,976 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86.1m
Fixed assets €46.2m ▼ 45.9%
Current assets €39.9m ▼ 4.1%
Equity and liabilities €86.1m
Equity €55.9m ▼ 9.8%
Debt €30.2m ▼ 53.6%
Debt's share of the balance-sheet total falls from 51.2% to 35.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
ROE
24.9%▲
2024 · -1.2%
Debt ≤ 1 year
€30.2m▼
2024 · €65.0m
Income taxes
€128,560▼
2024 · €225,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet Code20242025
Assets
Total assets20/58€127.0m€86.1m▼
Fixed assets21/28€85.5m€46.2m▼
Financial fixed assets28€85.5m€46.2m▼
Affiliated companies280/1€59.4m€29.1m▼
Participating interests280€1.8m-
Amounts receivable281€57.6m€29.1m▼
Companies linked by participating interests282/3€4.3m€4.3m▼
Participating interests282€4.3m€4.3m▼
Amounts receivable283€0-
Other financial fixed assets284/8€21.7m€12.8m▼
Shares284€19.4m€10.1m▼
Amounts receivable and cash guarantees285/8€2.3m€2.7m▲
Current assets29/58€41.6m€39.9m▼
Amounts receivable within one year40/41€1.3m€0.7m▼
Trade receivables40€0.005m€0.006m▲
Other amounts receivable41€1.3m€0.7m▼
Current investments50/53€40.2m€37.7m▼
Other investments51/53€40.2m€37.7m▼
Cash at bank and in hand54/58€0.05m€1.4m▲
Deferred charges and accrued income490/1-€0.05m
Equity and liabilities
Total equity and liabilities10/49€127.0m€86.1m▼
Equity10/15€62.0m€55.9m▼
Contributions10/11€3.3m€3.3m=
Capital10€3.3m€3.3m=
Issued capital100€3.3m€3.3m=
Reserves13€3.0m€3.0m=
Non-distributable reserves130/1€3.0m€3.0m=
Legal reserve130€3.0m€3.0m=
Profit (loss) carried forward14€55.7m€49.6m▼
Amounts payable17/49€65.1m€30.2m▼
Amounts payable within one year42/48€65.0m€30.2m▼
Financial debts43€15.0m€10.0m▼
Credit institutions430/8€15.0m€10.0m▼
Trade debts44€0.01m€0.004m▼
Suppliers440/4€0.01m€0.004m▼
Taxes, remuneration and social security45€0.001m€0.002m▲
Taxes450/3€0.001m€0.002m▲
Other amounts payable47/48€50.0m€20.2m▼
Accrued charges and deferred income492/3€0.05m€0.02m▼
Income statement Code20242025
Operating income70/76A€0.02m€0.02m▲
Turnover70€0.02m€0.02m▲
Operating charges60/66A€0.3m€0.3m▲
Services and other goods61€0.2m€0.3m▲
Other operating charges640/8€0.05m€0.03m▼
Operating profit (loss)9901-€0.3m-€0.3m▼
Financial income75/76B€10.3m€17.6m▲
Recurring financial income75€7.9m€3.2m▼
Income from financial fixed assets750€2.1m€1.3m▼
Income from current assets751€2.3m€1.9m▼
Other financial income752/9€3.6m€0.004m▼
Non-recurring financial income76B€2.3m€14.4m▲
Financial charges65/66B€10.6m€3.2m▼
Recurring financial charges65€8.7m€2.9m▼
Debt charges650€0.7m€0.3m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€5.8m€1.8m▼
Other financial charges652/9€2.1m€0.8m▼
Non-recurring financial charges66B€1.8m€0.2m▼
Profit (loss) for the period before taxes9903-€0.5m€14.1m▲
Income taxes67/77€0.2m€0.1m▼
Taxes670/3€0.2m€0.2m▼
Tax adjustments and reversals of tax provisions77-€0.07m
Profit (loss) for the period9904-€0.8m€13.9m▲
Profit (loss) for the period to be appropriated9905-€0.8m€13.9m▲
Appropriation of the result
Profit (loss) to be appropriated9906€105.7m€69.6m▼
Profit (loss) brought forward from the previous period14P€106.4m€55.7m▼
Profit to be distributed694/7€50.0m€20.0m▼
Return on contributions (dividend)694€50.0m€20.0m▼

The notes to these accounts (44 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A--€0.01m€0.02m€0.02m▲ 0.3%
Turnover70--€0.01m€0.02m€0.02m▲ 0.3%
Operating charges60/66A€0.4m€0.4m€0.4m€0.3m€0.3m▲ 20.8%
Services and other goods61€0.3m€0.3m€0.4m€0.2m€0.3m▲ 35.6%
Other operating charges640/8€0.06m€0.06m€0.06m€0.05m€0.03m▼ 43.6%
Operating profit (loss)9901-€0.4m-€0.4m-€0.4m-€0.3m-€0.3m▼ 22.0%
Financial income75/76B€10.4m€11.4m€6.4m€10.3m€17.6m▲ 70.8%
Recurring financial income75€4.1m€9.1m€6.2m€7.9m€3.2m▼ 59.4%
Income from financial fixed assets750€0.06m€4.1m€1.4m€2.1m€1.3m▼ 39.7%
Income from current assets751€1.3m€3.7m€1.8m€2.3m€1.9m▼ 14.5%
Other financial income752/9€2.8m€1.2m€3.0m€3.6m€0.004m▼ 99.9%
Non-recurring financial income76B€6.4m€2.4m€0.2m€2.3m€14.4m▲ 512%
Financial charges65/66B€0.08m€5.5m€2.1m€10.6m€3.2m▼ 69.8%
Recurring financial charges65-€0.2m€5.2m€1.9m€8.7m€2.9m▼ 66.3%
Debt charges650€0.05m€0.1m€0.2m€0.7m€0.3m▼ 58.4%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€1.6m€4.9m€0.3m€5.8m€1.8m▼ 68.2%
Other financial charges652/9€1.3m€0.2m€1.5m€2.1m€0.8m▼ 63.7%
Non-recurring financial charges66B€0.3m€0.3m€0.2m€1.8m€0.2m▼ 86.5%
Profit (loss) for the period before taxes9903€10.0m€5.6m€3.8m-€0.5m€14.1m▲ 2,769%
Income taxes67/77€0.06m€0.1m€0.3m€0.2m€0.1m▼ 43.0%
Taxes670/3€0.06m€0.1m€0.3m€0.2m€0.2m▼ 13.4%
Tax adjustments and reversals of tax provisions77----€0.07m-
Profit (loss) for the period9904€10.0m€5.4m€3.5m-€0.8m€13.9m▲ 1,952%
Profit (loss) for the period to be appropriated9905€10.0m€5.4m€3.5m-€0.8m€13.9m▲ 1,952%
Line20212022202320242025Change
Assets
Total assets20/58€108.8m€114.3m€127.8m€127.0m€86.1m▼ 32.2%
Fixed assets21/28€55.6m€52.1m€63.3m€85.5m€46.2m▼ 45.9%
Financial fixed assets28€55.6m€52.1m€63.3m€85.5m€46.2m▼ 45.9%
Affiliated companies280/1€39.0m€31.9m€39.0m€59.4m€29.1m▼ 51.0%
Participating interests280€1.8m€1.6m€1.8m€1.8m--
Amounts receivable281€37.2m€30.3m€37.2m€57.6m€29.1m▼ 49.5%
Companies linked by participating interests282/3€3.4m€4.0m€4.2m€4.3m€4.3m▼ 0.3%
Participating interests282€3.1m€3.7m€3.9m€4.3m€4.3m▼ 0.3%
Amounts receivable283€0.3m€0.3m€0.3m€0--
Other financial fixed assets284/8€13.2m€16.2m€20.2m€21.7m€12.8m▼ 41.1%
Shares284€13.0m€16.0m€19.9m€19.4m€10.1m▼ 48.1%
Amounts receivable and cash guarantees285/8€0.2m€0.2m€0.2m€2.3m€2.7m▲ 18.4%
Current assets29/58€53.2m€62.2m€64.5m€41.6m€39.9m▼ 4.1%
Amounts receivable within one year40/41€0.8m€0.5m€0.5m€1.3m€0.7m▼ 46.7%
Trade receivables40€0.004m€0.07m€0.01m€0.005m€0.006m▲ 7.4%
Other amounts receivable41€0.8m€0.4m€0.5m€1.3m€0.7m▼ 46.9%
Current investments50/53€49.4m€57.8m€58.6m€40.2m€37.7m▼ 6.2%
Other investments51/53€49.4m€57.8m€58.6m€40.2m€37.7m▼ 6.2%
Cash at bank and in hand54/58€3.0m€3.9m€5.4m€0.05m€1.4m▲ 2,544%
Deferred charges and accrued income490/1----€0.05m-
Equity and liabilities
Total equity and liabilities10/49€108.8m€114.3m€127.8m€127.0m€86.1m▼ 32.2%
Equity10/15€103.8m€109.2m€112.7m€62.0m€55.9m▼ 9.8%
Contributions10/11€3.3m€3.3m€3.3m€3.3m€3.3m=
Capital10€3.3m€3.3m€3.3m€3.3m€3.3m=
Issued capital100€3.3m€3.3m€3.3m€3.3m€3.3m=
Reserves13€3.0m€3.0m€3.0m€3.0m€3.0m=
Non-distributable reserves130/1€3.0m€3.0m€3.0m€3.0m€3.0m=
Legal reserve130€3.0m€3.0m€3.0m€3.0m€3.0m=
Profit (loss) carried forward14€97.5m€102.9m€106.4m€55.7m€49.6m▼ 10.9%
Amounts payable17/49€5.1m€5.1m€15.1m€65.1m€30.2m▼ 53.6%
Amounts payable within one year42/48€5.1m€5.1m€15.1m€65.0m€30.2m▼ 53.6%
Financial debts43€5.0m€5.0m€15.0m€15.0m€10.0m▼ 33.3%
Credit institutions430/8€5.0m€5.0m€15.0m€15.0m€10.0m▼ 33.3%
Trade debts44€0.06m€0.09m€0.07m€0.01m€0.004m▼ 67.0%
Suppliers440/4€0.06m€0.09m€0.07m€0.01m€0.004m▼ 67.0%
Taxes, remuneration and social security45--€0.02m€0.001m€0.002m▲ 133%
Taxes450/3--€0.02m€0.001m€0.002m▲ 133%
Other amounts payable47/48---€50.0m€20.2m▼ 59.7%
Accrued charges and deferred income492/3€0.02m€0.02m€0.04m€0.05m€0.02m▼ 64.9%
Line20212022202320242025Change
Profit (loss) for the period9904€10.0m€5.4m€3.5m-€0.8m€13.9m▲ 1,952%
Operating cash flow (approximation)€10.0m€5.4m€3.5m-€0.8m€13.9m▲ 1,952%
Investment in fixed assets (approximation)-€3.5m-€11.2m-€22.1m€39.2m▲ 277%
Change in cash-€0.9m€1.5m-€5.3m€1.4m▲ 126%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
06-01
State Gazette act Reappointment: BV VGD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Tina Burm · Mandate term4 facts ▸
  • General meeting, 04-11-2025
  • Auditor reappointment, BV VGD Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Tina Burm
  • Mandate term, eindigt onmiddellijk na de gewone algemene vergadering te houden in 2028 die zich zal dienen uit te spreken over de goedkeuring van de jaarrekening voor het boe…
2025
31-12
Financial Back to profitnet €13.9m
Net result €13.9m after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 1.32
Current ratio from 0.64 to 1.32; short-term debt falls from €65.0m to €30.2m.
09-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€752,847
Net result drops to -€752,847, the lowest in the series; recovery starts the following year.
10-12
State Gazette act Resignation: Cytifinance NV (director)
Permanent representative: Michel Delloye · Power of attorney6 facts ▸
  • Board meeting, 03-09-2024
  • General meeting, 26-06-2024
  • Director resignation, Cytifinance NV (director)
  • Permanent representative, Michel Delloye
  • Power of attorney, Ivan Van de Maele
  • Power of attorney, Petra Sobry
10-07
State Gazette act Appointments: Vauban NV (managing director) and De Blauwhoeve BV (managing director)
Permanent representatives: Gaëtan Hannecart and Ivan Van de Maele · Representation authority7 facts ▸
  • Board meeting, 06-03-2024
  • Director appointment, Vauban NV (managing director)
  • Permanent representative, Gaëtan Hannecart
  • Director appointment, De Blauwhoeve BV (managing director)
  • Permanent representative, Ivan Van de Maele
  • Representation authority, volstrekt individuele vertegenwoordigingsbevoegdheid voor het dagelijks bestuur
  • Representation authority, volstrekt individuele vertegenwoordigingsbevoegdheid voor het dagelijks bestuur
26-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
17-02
State Gazette act Reappointment: VGD Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
  • General meeting, 07-11-2022
  • Auditor reappointment, VGD Bedrijfsrevisoren BV (statutory auditor)
2022
14-11
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 12-10-2022
  • Registered-office move, 8790 Waregem, Kalkhoevestraat 10 bus 3.1
Show earlier events
13-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €100mEq €103.8m ▲10.6%
4 profitable years in a row build equity to €103.8m.
10-09
State Gazette act Reappointments: Vauban NV, Cytifinance NV and De Blauwhoeve BV
Permanent representatives: Gaëtan Hannecart, Michel Delloye and Ivan Van de Maele · Share concentration11 facts ▸
  • General meeting, 30-06-2021
  • Director reappointment, Vauban NV (director)
  • Permanent representative, Gaëtan Hannecart
  • Director reappointment, Cytifinance NV (director)
  • Permanent representative, Michel Delloye
  • Director reappointment, De Blauwhoeve BV (director)
  • Permanent representative, Ivan Van de Maele
  • Board composition, Vauban NV (director)
  • Board composition, Cytifinance NV (director)
  • Board composition, De Blauwhoeve BV (director)
  • Share concentration, Vaststelling van éénhoofdigheid (alle aandelen in één hand verenigd)
05-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Highest result since 2018net €15.2m ▲402%
Net result €15.2m, the highest in the series.
01-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
20-01
State Gazette act Resignation: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
Appointment: VGD Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: Tony Moreels4 facts ▸
  • General meeting, 07-11-2019
  • Director resignation, Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
  • Auditor appointment, VGD Bedrijfsrevisoren CVBA (statutory auditor)
  • Permanent representative, Tony Moreels
2019
31-12
Financial Liquidity times 37current ratio 2268.56
Current ratio from 61.20 to 2268.56; short-term debt falls from €516,362 to €15,087.
27-12
State Gazette act Capital & shares · Statutes amendment · Legal-form change · Miscellaneous
Capital increase · Net-asset statement · Legal-form conversion8 facts ▸
  • General meeting, 20-12-2019
  • Capital increase, €3.296.947,33
  • Net-asset statement, 30-09-2019
  • Legal-form conversion, NV
  • Purpose change, De vennootschap heeft als voorwerp, in België en in het buitenland, in eigen naam en voor eigen rekening een hoog risicogewogen rendement op de eigen middelen t…
  • Statutes amendment
  • Power of attorney, Bestuursorgaan van QUAEROQ
  • Opt in, Vervroegde onderwerping aan het Wetboek van Vennootschappen en Verenigingen, met ingang van de datum van bekendmaking van deze akte, op grond van artikel 39, §1…
01-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 62 days late
2018
09-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
16-02
State Gazette act Resignation: Cytindus NV (director)
Appointment: Cytifirance NV (director) · Permanent representative: Michel Delloye4 facts ▸
  • General meeting, 01-12-2017
  • Director resignation, Cytindus NV (director)
  • Director appointment, Cytifirance NV (director)
  • Permanent representative, Michel Delloye
2017
10-10
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
2 facts ▸
  • Written resolution, 28-06-2017
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)
25-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2015
25-09
State Gazette act Reappointments: Vauban NV, Dimitri Duffeleer BVBA and De Blauwhoeve BVBA
Permanent representatives: Gaëtan Hannecart, Dimitri Duffeleer and 2 others · Resignation: Dimitri Duffeleer BVBA (director) · Appointment: Cytindus NV (director)12 facts ▸
  • General meeting, 30-06-2015
  • Director reappointment, Vauban NV (director)
  • Permanent representative, Gaëtan Hannecart
  • Director reappointment, Dimitri Duffeleer BVBA (director)
  • Permanent representative, Dimitri Duffeleer
  • Director reappointment, De Blauwhoeve BVBA (director)
  • Permanent representative, Ivan Van de Maele
  • Board meeting, 14-07-2015
  • Director resignation, Dimitri Duffeleer BVBA (director)
  • General meeting, 06-08-2015
  • Director appointment, Cytindus NV (director)
  • Permanent representative, Michel Delloye
06-08
State Gazette act Capital & shares · Statutes amendment
Capital decrease4 facts ▸
  • General meeting, 30-06-2015
  • Capital decrease
  • Statutes amendment
  • Statutes amendment
2014
11-12
State Gazette act Resignation: At Infinitum NV (director)
Appointment: BVBA Dimitri Duffeleer (director) · Permanent representative: Dimitri Duffeleer4 facts ▸
  • General meeting, 12-09-2014
  • Director resignation, At Infinitum NV (director)
  • Director appointment, BVBA Dimitri Duffeleer (director)
  • Permanent representative, Dimitri Duffeleer
26-09
State Gazette act Reappointment: Ernst & Young Lippens & Rabaey Audit BV CVBA (statutory auditor)
Permanent representatives: Marleen Mannekens and Ivan Van de Maele4 facts ▸
  • General meeting, 16-06-2014
  • Auditor reappointment, Ernst & Young Lippens & Rabaey Audit BV CVBA (statutory auditor)
  • Permanent representative, Marleen Mannekens
  • Permanent representative, Ivan Van de Maele
2013
29-10
State Gazette act Capital & shares · Statutes amendment
Capital decrease3 facts ▸
  • General meeting, 16-10-2013
  • Capital decrease, €8.058.960
  • Statutes amendment
2012
13-11
State Gazette act Capital & shares
Capital decrease · Statutes amendment3 facts ▸
  • General meeting, 16-10-2012
  • Capital decrease, €26.364.312
  • Statutes amendment
2011
23-12
State Gazette act Reappointment: Grant Thornton, Lippens & Rabaey BV CVBA (statutory auditor)
Permanent representative: Ivan Van de Maele3 facts ▸
  • General meeting, 30-06-2011
  • Auditor reappointment, Grant Thornton, Lippens & Rabaey BV CVBA
  • Permanent representative, Ivan Van de Maele
19-12
State Gazette act Resignation: Nimmobo NV (director)
Appointment: Vauban NV (director) · Permanent representative: Gaëtan Hannecart7 facts ▸
  • General meeting, 30-11-2011
  • Director resignation, Nimmobo NV (director)
  • Director appointment, Vauban NV (director)
  • Permanent representative, Gaëtan Hannecart
  • Board meeting, 30-11-2011
  • Director resignation, Nimmobo NV (chair of the board)
  • Director appointment, Vauban NV (chair of the board)
2009
23-02
State Gazette act Appointment: Grant Thomton, Lippens, Rabaey, bedrijfsrevisoren (statutory auditor)
Permanent representatives: Marleen Mannekens and Ivan Van de Maele4 facts ▸
  • General meeting, 04-06-2008
  • Auditor appointment, Grant Thomton, Lippens, Rabaey, bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Marleen Mannekens
  • Permanent representative, Ivan Van de Maele
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
19 of 19 acts read

Directors · office · real estate

Directors
2 directors, 2 in day-to-day management, no change since 2024

Board 2

NV Vauban
Director · since 30-06-2015 · Legal entity · perm. rep.: Gaëtan Hannecart
Current
De Blauwhoeve BV
Director · since 30-06-2021 · Legal entity · perm. rep.: Ivan Van de Maele
Current
5 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
VAUBAN
Chair of the board · since 30-11-2011 · Director · since 30-11-2011 · Public limited company · perm. rep.: Gaëtan Hannecart
Not recently confirmed
VINTEOR
Director · since 12-09-2014 · Private limited company · perm. rep.: Dimitri Duffeleer
Not recently confirmed
De Blauwhoeve BVBA
Director · since 30-06-2015 · Legal entity · perm. rep.: Ivan Van de Maele
Not recently confirmed
Industrielle des Cytises
Director · since 14-07-2015 · Legal entity · perm. rep.: Michel Delloye
Not recently confirmed
Cytifirance NV
Director · since 01-12-2017 · Legal entity · perm. rep.: Michel Delloye
Not recently confirmed

Day-to-day management 2

De Blauwhoeve
Managing director · since 01-01-2024 · Private limited company (pre-2019) · perm. rep.: Ivan Van de Maele
Current
VAUBAN
Managing director · since 01-01-2024 · Public limited company · perm. rep.: Gaëtan Hannecart
Current

Permanent representatives 2

Gaëtan Hannecart
Permanent representative · since 30-06-2015 · for NV Vauban
Current
Ivan Van de Maele
Permanent representative · since 01-01-2024 · for De Blauwhoeve
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Dimitri Duffeleer
Permanent representative · since 12-09-2014 · for VINTEOR
Not recently confirmed
Michel Delloye
Permanent representative · since 01-12-2017 · for Cytifirance NV
Not recently confirmed

Statutory auditor 1

VGD Bedrijfsrevisoren
Statutory auditor · since 01-01-2019 · perm. rep.: Tina Burm
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
3,295 m²
Building footprint
5,638 m²
Volume, LiDAR
34,837 m³
Parcel 34452B0655/00K003, Flanders · tallest building 26.5 m, ±2 floors. Linked by address, not a title deed.
20 companies at this address See who is registered here
1 establishment unit
QUAEROQ
Kalkhoevestraat 10, 8790 WaregemFinancial service activities, except insurance and pension funding
since 2008unit no. 2.172.931.741
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0655/00K003 Flanders 3,295 m² 1 · 5,637 m² 26.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

17 people since 2008, 9 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
VAUBAN
  • Chair of the board, from 30-11-2011 not ended, last confirmed 19-12-2011
  • Director, from 30-11-2011 not ended, last confirmed 19-12-2011
  • Managing director, from 01-01-2024 to date
NV Vauban
  • Director, already before 30-06-2015 to date
De Blauwhoeve BV
  • Director, already before 30-06-2021 to date
De Blauwhoeve
  • Managing director, from 01-01-2024 to date
VGD Bedrijfsrevisoren
  • Statutory auditor, from 01-01-2019 to date
VINTEOR
  • Director, from 12-09-2014 not ended, last confirmed 11-12-2014
De Blauwhoeve BVBA
  • Director, already before 30-06-2015 not ended, last confirmed 25-09-2015
Industrielle des Cytises
  • Director, from 14-07-2015 not ended, last confirmed 25-09-2015
Cytifirance NV
  • Director, from 01-12-2017 not ended, last confirmed 16-02-2018
Cytifinance NV
  • Director, already before 30-06-2021 to 17-06-2024
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 20-09-2017 to 01-01-2019
NV Cytindus
  • Director, until 01-12-2017
Ernst & Young, Lippens & Rabaey Audit BV CVBA
  • Statutory auditor, from 16-06-2014 to 20-09-2017
Dimitri Duffeleer BVBA
  • Director, already before 30-06-2015 to 14-07-2015
Grant Thornton, Lippens & Rabaey BV CVBA
  • Auditor, from 30-06-2011 to 16-06-2014
NIMMOBO
  • Chair of the board, until 30-11-2011
  • Director, until 30-11-2011
Grant Thomton, Lippens, Rabaey, bedrijfsrevisoren
  • Statutory auditor, from 04-06-2008 to 30-06-2011
See the board, name and seat on a given date →

Structure & network

Part of the group ABACUS INVEST 60 companies Group, risk and exposure

Owners and holdings

1 owner · 4 holdings

Chain of control

  1. ABACUS INVEST 97.47%
  2. ABACUS GROUP 100%
  3. QUAEROQ

Highest known parent: ABACUS INVEST. The sources do not say who stands above it.

Owners 1

Holdings 4

According to the 2025 annual accounts of QUAEROQ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

13 connected companies
Depth
ABACUS INVESTMENTS, Shared corporate director AIABACUSINVESTMENTSB&M, Shared corporate director BB&MCinemaNext, Shared corporate director CCinemaNextHOOGLATEM, Shared corporate director HHOOGLATEMInetum Belgium, Shared corporate director IBInetum BelgiumMatexi Antwerpen, Shared corporate director MAMatexiAntwerpenMATEXI BRUSSEL, Shared corporate director MBMATEXI BRUSSELMATEXI IMMO INVEST, Shared corporate director MIMATEXI IMMOINVESTMATEXI PROJECTS, Shared corporate director MPMATEXIPROJECTSMatexi Vlaams-Brabant, Shared corporate director MVMatexiVlaams-BrabantMATEXI WALLONIE, Shared corporate director MWMATEXIWALLONIEn-Side, Shared corporate director Nn-SideOPTION, Shared corporate director OOPTIONQUAEROQ QUAEROQ0862.330.988
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ABACUS INVESTMENTS
Shared corporate director
→
B&M
Shared corporate director
→
CinemaNext
Shared corporate director
→
HOOGLATEM
Shared corporate director
→
Show 9 more companies with a shared director
Inetum Belgium
Shared corporate director
→
Matexi Antwerpen
Shared corporate director
→
MATEXI BRUSSEL
Shared corporate director
→
MATEXI IMMO INVEST
Shared corporate director
→
MATEXI PROJECTS
Shared corporate director
→
Matexi Vlaams-Brabant
Shared corporate director
→
MATEXI WALLONIE
Shared corporate director
→
n-Side
Shared corporate director
→
OPTION
Shared corporate director
→

Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1
FOUNTAIN
1 location

Capital and shareholders

Capital over the years
  1. 27-12-2019 Capital increase of €3,296,947.33 · to €3,337,147.33 · 57,564 new shares · “integratie van het variabel kapitaal”
  2. 29-10-2013 Capital reduction of €8,058,960 · to €23,140,728
  3. 13-11-2012 Capital reduction of €26,364,312 · to €31,199,688

Recognitions · licences · registrations

Legal Entity Identifier

549300QRF02JXPWUI512
live in the LEI register

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Company details

Identification
Legal formPublic limited company
Founded22-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64310Financial service activities, except insurance and pension funding
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0862330988

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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