Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELGIAN QUALITY SHOES AND LEATHERWARE GROUP from Tongeren-Borgloon, company number BE0400927427, closed financial year 2025 with a result of € -24,407 after tax. For that financial year BELGIAN QUALITY SHOES AND LEATHERWARE GROUP recorded a gross margin of € 273,155 and equity of € 847,977. Compared with financial year 2024, the result moved from € -82,166 to € -24,407. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 847,977
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,407
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 64,250
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 347,156.
People and assets in 2025
5.8
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 211,086
▲ 4% vs 2024
€ 36,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 56,355
Loans from banks and other lenders, long and short.
€ 334,943
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,512
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 166,989 | € 117,294 | € 157,235 | € 273,155 | ▲ 74% |
| Profit after taxes | € -44,569 | € -111,170 | € -82,166 | € -24,407 | ▲ € 57,759 |
| Equity | € 1,089,125 | € 970,154 | € 880,186 | € 847,977 | ▼ 4% |
| Total debts | € 674,217 | € 813,318 | € 797,535 | € 735,094 | ▼ 8% |
| Cash | € 69,448 | € 118,059 | € 76,852 | € 64,250 | ▼ 16% |
| Land & buildings | € 80,745 | € 72,943 | € 65,141 | € 57,340 | ▼ 12% |
| Retained profit | € 564,899 | € 453,729 | € 371,563 | € 347,156 | ▼ 7% |
| Bank debt | € 39,000 | € 56,355 | € 56,355 | € 56,355 | |
| Balance sheet total | € 1,763,342 | € 1,783,472 | € 1,677,721 | € 1,583,071 | ▼ 6% |
| Employees (FTE) | 5.9 | 6.1 | 6.1 | 5.8 | ▼ 0.3 |
Key figures of BELGIAN QUALITY SHOES AND LEATHERWARE GROUP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to BELGIAN QUALITY SHOES AND LEATHERWARE GROUP?
What happened at BELGIAN QUALITY SHOES AND LEATHERWARE GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 24,407. Source: NBB ↗
- New establishment in Antwerpen. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- New establishment in Tongeren-Borgloon. KBO
In short
From € 44,569 loss in 2022 to € 24,407 loss in 2025.
Paid € 320 in corporate taxes since 2022.
On average € 47,100 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BELGIAN QUALITY SHOES AND LEATHERWARE GROUP are Roeland Vavedin, Peter Vavedin and Ann Hombroux. It owns 81.7% of Ambiorix itself.
Directors
According to the 2025 annual accounts
Peter Vavedin
Managing director
Also active at: Vermeiren Princeps, MIJNEN, VOKA - Kamer van Koophandel Limburg, AMBIORIX, LIMBURGSE RECONVERSIE MAATSCHAPPIJ, SOBRAJA
Establishments
Establishment units
Physical locations of this company
Prinsenweg 10
3700 Tongeren-Borgloon
Naamsestraat 72-74
1000 Brussel
Active since 10 June 1992
Prinsenweg 10 box 50
3700 Tongeren-Borgloon
Active since 1 January 1947
Leopoldstraat 14
2000 Antwerpen
Active since 1 February 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.927.427
- VAT number
- BE 0400.927.427
- Registered office
- Prinsenweg 10, 3700 Tongeren-Borgloon
- Names & denominations
- BELGIAN QUALITY SHOES AND LEATHERWARE GROUP · B.Q.S. GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 1947
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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