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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
QUINTIENS from Brugge, company number BE0423806163, closed financial year 2025 with a result of € 207,565 after tax. For that financial year QUINTIENS recorded a gross margin of € 1.7 million and equity of € -81,874. Compared with financial year 2024, the result moved from € -179,334 to € 207,565. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ -81,874
▲ € 207,565 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 207,565
▲ still € 179,334 loss in 2024
Profit after tax over the fiscal year.
€ 458,081
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -756,874.
People and assets in 2025
19.3
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 3% vs 2024
€ 83,400 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.
€ 18,837
▲ 270% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▲ 44% vs 2024
Loans from banks and other lenders, long and short.
€ 285,243
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 208,652
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,915,369 | € 5,217,250 | € 3,916,623 | - | |
| Gross margin | - | - | - | € 1,685,020 | |
| Profit after taxes | € 131,269 | € 110,300 | € -179,334 | € 207,565 | ▲ € 386,899 |
| Equity | € -220,405 | € -110,105 | € -289,439 | € -81,874 | ▲ € 207,565 |
| Total debts | € 5,059,290 | € 2,211,327 | € 1,677,079 | € 1,874,251 | ▲ 12% |
| Cash | - | - | - | € 458,081 | |
| Retained profit | € -895,405 | € -785,105 | € -964,439 | € -756,874 | ▲ € 207,565 |
| Bank debt | € 1,772,420 | € 875,461 | € 930,565 | € 1,337,686 | ▲ 44% |
| Balance sheet total | € 4,874,731 | € 2,161,823 | € 1,448,882 | € 1,831,720 | ▲ 26% |
| Employees (FTE) | 23.3 | 18.6 | 18.4 | 19.3 | ▲ 0.9 |
Key figures of QUINTIENS, 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 QUINTIENS?
What happened at QUINTIENS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 207,565. filed late Source: NBB ↗
- BA TECHNICS BV became a director. NBB
- Jérome Waterkeyn stepped down as director. NBB
- Thomas Deruytter stepped down as director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 131,269 profit in 2022 to € 207,565 profit in 2025.
Paid € 29,578 in corporate taxes since 2022.
Best year ever: 2025, with € 207,565 profit.
On average € 87,300 of value added per employee in 2025.
Management
The stake of VEOLIA NV-SA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QUINTIENSBehind QUINTIENS is BA TECHNICS BV. The shares are held by BA TECHNICS BV (100%) and VEOLIA NV-SA (100%).
Directors
According to the 2025 annual accounts
Director · represented by Björn Afschrift
Also active at: AFSCHRIFT, BATTERY 4 INDUSTRY
since 2025
Jérome Waterkeyn
Director
· until 2025
Thomas Deruytter
Director
Also active at: SANIVEST, HYDRO CLEANING INTERNATIONAL, Slib-en Co - Verwerkings Centrale, ENERGY CLUSTER, E-Wood Energiecentrale, GREEN BELGIAN ENVIRONMENTAL SOLUTIONS 2, UPGRADE BIO-ENERGY, Flexcity Belgium +1 more
· until 2025
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kielstraat 3
8380 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.806.163
- VAT number
- BE 0423.806.163
- Registered office
- Kielstraat 3, 8380 Brugge
- Names & denominations
- QUINTIENS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 1983
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken