What does Q & O VERZEKERINGEN do?

Q & O VERZEKERINGEN is an insurance broker in Waregem. Public Limited, started on 30 December 1982, 1 establishment.

What is the address of Q & O VERZEKERINGEN?

The registered office of Q & O VERZEKERINGEN is located at Westerlaan 1, 8790 Waregem.

Is Q & O VERZEKERINGEN still active?

Yes. According to the CBE (29 October 2026) Q & O VERZEKERINGEN is active, legal situation “Normale toestand”, started on 30 December 1982.

Is Q & O VERZEKERINGEN registered on Peppol?

Yes, Q & O VERZEKERINGEN is registered on the Peppol network with ID 0208:0423872083.

What is the enterprise number of Q & O VERZEKERINGEN?

The enterprise number of Q & O VERZEKERINGEN is BE0423872083.

When was Q & O VERZEKERINGEN founded?

Q & O VERZEKERINGEN was founded on 30 December 1982.

Who are the directors of Q & O VERZEKERINGEN?

According to the 2025 annual accounts, the directors of Q & O VERZEKERINGEN are: Stefaan Desimpel, VYVA BV, CLEMAX BV, QVO BV, CYLUDOR BV.

Is Q & O VERZEKERINGEN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 December 1982; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did Q & O VERZEKERINGEN make in 2025?

Q & O VERZEKERINGEN posted a profit after taxes of € 776,292 in financial year 2025.

What is the revenue of Q & O VERZEKERINGEN?

In its most recent annual accounts (2025), Q & O VERZEKERINGEN reported revenue of € 14,986,263.

How much does an employee at Q & O VERZEKERINGEN earn?

The average wage cost per full-time employee at Q & O VERZEKERINGEN was € 87,100 in 2025: staff costs of € 6.1 million for 70.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Q & O VERZEKERINGEN have?

According to the 2025 annual accounts, Q & O VERZEKERINGEN has 70.2 full-time equivalents (FTE).

Q & O VERZEKERINGEN (Public Limited) - Waregem

Dossier Q & O VERZEKERINGEN, printed on 29 October 2026 from databakkes.be/en/0423872083/q-o-verzekeringen. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Q & O VERZEKERINGEN from Waregem, company number BE0423872083, closed financial year 2025 with a result of € 776,292 after tax. For that financial year Q & O VERZEKERINGEN recorded revenue of € 15 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -749,543 to € 776,292. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 17, 2026.

What it is worth Growing

€ 1.4 million

▲ 126% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 776,292

▲ still € 749,544 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 932,586

▼ 85% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.3 million.

People and assets in 2025

Full-time equivalents

70.2

▲ 16.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 7.7 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 6.1 million

▲ 45% vs 2024

€ 87,100 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.

Vehicles and equipment

€ 1.7 million

▲ 11% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.4 million

▲ 13% vs 2024

€ 767,857 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 12.1 million

▼ 19% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 574 days on average.

Taxes and wages

€ 880,857

▲ 5% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	€ 12,453,961 Revenue 2024: € 12,453,961 First fiscal year in the series	€ 14,986,263 Revenue 2025: € 14,986,263 ▲ 20% vs 2024 (€ 12,453,961) Favourable step	▲ 20%
Gross margin	€ 3,979,111 Gross margin 2022: € 3,979,111 First fiscal year in the series	€ 5,033,523 Gross margin 2023: € 5,033,523 ▲ 26% vs 2022 (€ 3,979,111) Favourable step	-	-
Profit after taxes	€ 570,209 Profit after taxes 2022: € 570,209 First fiscal year in the series	€ 1,059,812 Profit after taxes 2023: € 1,059,812 ▲ 86% vs 2022 (€ 570,209) Favourable step	€ -749,543 Profit after taxes 2024: € -749,543 ▼ € 1.8 million vs 2023 (€ 1,059,812) Unfavourable step	€ 776,292 Profit after taxes 2025: € 776,292 ▲ € 1.5 million vs 2024 (€ -749,543) Favourable step	▲ € 1.5 million
Equity	€ 707,159 Equity 2022: € 707,159 First fiscal year in the series	€ 1,366,971 Equity 2023: € 1,366,971 ▲ 93% vs 2022 (€ 707,159) Favourable step	€ 617,428 Equity 2024: € 617,428 ▼ 55% vs 2023 (€ 1,366,971) Unfavourable step	€ 1,393,720 Equity 2025: € 1,393,720 ▲ 126% vs 2024 (€ 617,428) Favourable step	▲ 126%
Total debts	€ 13,453,436 Total debts 2022: € 13,453,436 First fiscal year in the series	€ 14,785,729 Total debts 2023: € 14,785,729 ▲ 10% vs 2022 (€ 13,453,436) Unfavourable step	€ 20,282,531 Total debts 2024: € 20,282,531 ▲ 37% vs 2023 (€ 14,785,729) Unfavourable step	€ 17,359,592 Total debts 2025: € 17,359,592 ▼ 14% vs 2024 (€ 20,282,531) Favourable step	▼ 14%
Cash	€ 2,736,016 Cash 2022: € 2,736,016 First fiscal year in the series	€ 2,164,294 Cash 2023: € 2,164,294 ▼ 21% vs 2022 (€ 2,736,016) Unfavourable step	€ 6,063,192 Cash 2024: € 6,063,192 ▲ 180% vs 2023 (€ 2,164,294) Favourable step	€ 932,586 Cash 2025: € 932,586 ▼ 85% vs 2024 (€ 6,063,192) Unfavourable step	▼ 85%
Land & buildings	-	-	€ 424,642 Land & buildings 2024: € 424,642 First fiscal year in the series	€ 383,582 Land & buildings 2025: € 383,582 ▼ 10% vs 2024 (€ 424,642) Unchanged	▼ 10%
Retained profit	€ 645,108 Retained profit 2022: € 645,108 First fiscal year in the series	€ 1,304,921 Retained profit 2023: € 1,304,921 ▲ 102% vs 2022 (€ 645,108) Favourable step	€ 555,377 Retained profit 2024: € 555,377 ▼ 57% vs 2023 (€ 1,304,921) Unfavourable step	€ 1,331,670 Retained profit 2025: € 1,331,670 ▲ 140% vs 2024 (€ 555,377) Favourable step	▲ 140%
Dividend	€ 217,731 Dividend 2022: € 217,731 First fiscal year in the series	€ 400,000 Dividend 2023: € 400,000 ▲ 84% vs 2022 (€ 217,731) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 400,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 3,208,333 Bank debt 2022: € 3,208,333 First fiscal year in the series	€ 2,761,912 Bank debt 2023: € 2,761,912 ▼ 14% vs 2022 (€ 3,208,333) Favourable step	€ 3,898,214 Bank debt 2024: € 3,898,214 ▲ 41% vs 2023 (€ 2,761,912) Unfavourable step	€ 4,405,357 Bank debt 2025: € 4,405,357 ▲ 13% vs 2024 (€ 3,898,214) Unfavourable step	▲ 13%
Balance sheet total	€ 14,160,594 Balance sheet total 2022: € 14,160,594 First fiscal year in the series	€ 16,152,701 Balance sheet total 2023: € 16,152,701 ▲ 14% vs 2022 (€ 14,160,594) Unchanged	€ 20,899,959 Balance sheet total 2024: € 20,899,959 ▲ 29% vs 2023 (€ 16,152,701) Unchanged	€ 18,753,312 Balance sheet total 2025: € 18,753,312 ▼ 10% vs 2024 (€ 20,899,959) Unchanged	▼ 10%
Employees (FTE)	38.9 Employees (FTE) 2022: 38.9 First fiscal year in the series	43.3 Employees (FTE) 2023: 43.3 ▲ 4.4 vs 2022 (38.9) Unchanged	54 Employees (FTE) 2024: 54 ▲ 10.7 vs 2023 (43.3) Unchanged	70.2 Employees (FTE) 2025: 70.2 ▲ 16.2 vs 2024 (54) Unchanged	▲ 16.2

Key figures of Q & O VERZEKERINGEN, 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 Q & O VERZEKERINGEN?

What happened at Q & O VERZEKERINGEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 17, 2026 New annual accounts for financial year 2025: profit of € 776,292. filed late Source: NBB ↗
2020 Stefaan Desimpel became a director. NBB
2020 VYVA BV became a director. NBB
2020 CLEMAX BV became a director. NBB
2020 QVO BV became a director. NBB
2020 CYLUDOR BV became a director. NBB
Dec 15, 1993 New establishment in Waregem. KBO
Dec 30, 1982 Start of the company according to the CBE. KBO

In short

From € 570,209 profit in 2022 to € 776,292 profit in 2025.

Paid € 1.3 million in corporate taxes since 2022.

Best year ever: 2023, with € 1.1 million profit.

On average € 116,200 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

Cyludor 31.4%

CLEMAX 31.4%

Vyva 31.4%

QVO 0.9%

The stake of Cyludor, CLEMAX, Vyva, QVO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Q & O VERZEKERINGEN

Kantoor Pauwels-Maes 100%

Behind Q & O VERZEKERINGEN are Stefaan Desimpel, VYVA BV, CLEMAX BV, QVO BV and CYLUDOR BV. The shares are held by Cyludor (31.4%), CLEMAX (31.4%), Vyva (31.4%) and QVO (0.9%). It owns 100% of Kantoor Pauwels-Maes itself.