Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.8 to 4.6.
Financials
Financial year 2025
QSALT from Gistel, company number BE0406553229, closed financial year 2025 with a result of € 678,343 after tax. For that financial year QSALT recorded a gross margin of € 1.2 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 552,452 to € 678,343. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 6, 2026.
€ 1.2 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 678,343
▲ 23% vs 2024
Profit after tax over the fiscal year.
€ 119,121
▲ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 400,000 paid out
59 % of the profit went to the shareholders, mostly to BEMINA (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.6
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 274,866
▼ 9% vs 2024
€ 59,800 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.
€ 86,143
▲ € 82,561 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 889,179
▲ 14% vs 2024
€ 15,820 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 579,286
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,000
▼ 52% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 961,682 | € 915,040 | € 1,161,484 | € 1,150,657 | ▼ 1% |
| Profit after taxes | € 242,870 | € 383,007 | € 552,452 | € 678,343 | ▲ 23% |
| Equity | € 520,303 | € 528,309 | € 830,761 | € 1,225,904 | ▲ 48% |
| Total debts | € 1,489,566 | € 1,962,357 | € 1,595,377 | € 1,915,737 | ▲ 20% |
| Cash | € 54,444 | € 69,343 | € 71,907 | € 119,121 | ▲ 66% |
| Land & buildings | € 227,400 | € 192,117 | € 169,003 | € 164,138 | ▼ 3% |
| Retained profit | € 464,527 | € 472,533 | € 774,985 | € 1,053,328 | ▲ 36% |
| Dividend | € 100,000 | € 375,000 | € 250,000 | € 400,000 | ▲ 60% |
| Bank debt | € 866,836 | € 880,918 | € 780,294 | € 889,179 | ▲ 14% |
| Balance sheet total | € 2,009,869 | € 2,490,666 | € 2,426,139 | € 3,141,641 | ▲ 29% |
| Employees (FTE) | 6.1 | 5.8 | 4.9 | 4.6 | ▼ 0.3 |
Key figures of QSALT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to QSALT?
What happened at QSALT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 678,343 (▲ 23% vs 2024). Source: NBB ↗
- Bemina bv became a director. NBB
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 242,870 profit in 2022 to € 678,343 profit in 2025.
Paid € 452,643 in corporate taxes since 2022.
Best year ever: 2025, with € 678,343 profit.
On average € 250,100 of value added per employee in 2025.
Management
The stake of BEMINA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QSALTBehind QSALT is Bemina bv. The shares are held by BEMINA (100%).
Establishments
Establishment units
Physical locations of this company
Kalsijdebrug 12
8470 Gistel
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
- 0406.553.229
- VAT number
- BE 0406.553.229
- Registered office
- Kalsijdebrug 12, 8470 Gistel
- Names & denominations
- QSALT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1967
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen
Overige niet-gespecialiseerde groothandel in voedings- en genotmiddelen
Groothandel in chemische producten voor industrieel gebruik
Groothandel in chemische producten
Goederenvervoer over de weg
Goederenvervoer per spoor
Reparatie en onderhoud van machines
Activiteiten van verpakkingsbedrijven
+2