Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Quivadec from Vorst, company number BE0418765133, closed financial year 2025 with a result of € 378,490 after tax. For that financial year Quivadec recorded a gross margin of € 3.4 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 478,736 to € 378,490. The company is profitable. 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 May 15, 2026.
€ 2.7 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 378,490
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 450,237
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
66 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
58.6
▲ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 4% vs 2024
€ 45,200 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.
€ 190,238
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 707,609
▲ 38% vs 2024
€ 125,942 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 354,580
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 385,605
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 6,930,437 | - | - | |
| Gross margin | € 2,755,309 | - | € 3,335,863 | € 3,376,401 | ▲ 1% |
| Profit after taxes | € 123,204 | € 472,593 | € 478,736 | € 378,490 | ▼ 21% |
| Equity | € 2,088,721 | € 2,311,314 | € 2,540,050 | € 2,668,540 | ▲ 5% |
| Total debts | € 1,556,750 | € 1,531,941 | € 1,362,067 | € 1,697,794 | ▲ 25% |
| Cash | € 802,148 | € 922,485 | € 761,970 | € 450,237 | ▼ 41% |
| Land & buildings | € 440,174 | € 433,262 | € 455,907 | € 624,518 | ▲ 37% |
| Retained profit | € 1,939,985 | € 2,162,578 | € 2,391,314 | € 2,519,804 | ▲ 5% |
| Dividend | € 100,000 | € 250,000 | € 250,000 | € 250,000 | |
| Bank debt | € 815,545 | € 658,508 | € 512,896 | € 707,609 | ▲ 38% |
| Balance sheet total | € 3,645,471 | € 3,843,256 | € 3,902,118 | € 4,366,334 | ▲ 12% |
| Employees (FTE) | 49 | 44.5 | 52.7 | 58.6 | ▲ 5.9 |
Key figures of Quivadec, 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 July 2027.
What happened to Quivadec?
What happened at Quivadec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marie-Madeleine Quinaux stepped down as director. NBB
- Vanessa Cornelis stepped down as director. NBB
- Les Pains de Louis stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 378,490 (▼ 21% vs 2024). Source: NBB ↗
- New establishment in Sint-Pieters-Leeuw. KBO
- Marie-Madeleine Quinaux became a director. NBB
- Vanessa Cornelis became a director. NBB
- Les Pains de Louis became a director. NBB
In short
From € 123,204 profit in 2022 to € 378,490 profit in 2025.
Paid € 711,714 in corporate taxes since 2022.
Best year ever: 2024, with € 478,736 profit.
On average € 57,600 of value added per employee in 2025.
A new publication or filing at Quivadec? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Marie-Madeleine Quinaux
Director
since 2020 · until 2026
Vanessa Cornelis
Director
since 2020 · until 2026
Managing director · represented by Lionel CORNELIS
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Humaniteitslaan 415
1190 Vorst
Chaussée de Bruxelles 70
1472 Genappe
Active since 15 April 2004
Zoniënwoudlaan 326
1640 Sint-Genesius-Rode
Active since 3 December 2010
Postweg 93
1602 Sint-Pieters-Leeuw
Active since 28 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Cibeag N.V., Anciennement Entreprises G. Stockhem
Protec Belgium
€ 38,599 gross margin · 2025
SDT International
€ 2.9 million gross margin · 2024
ONDERNEMINGEN HERCULES
€ 939,741 gross margin · 2024
DINAM V
€ 12,633 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0418.765.133
- VAT number
- BE 0418.765.133
- Registered office
- Humaniteitslaan 415, 1190 Vorst
- Names & denominations
- Quivadec
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 1978
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- fermehr.be +3223860280
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Fastfoodzaken, snackbars, frituren en dergelijke
Eetgelegenheden met beperkte bediening