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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KWARTO from Roeselare, company number BE0425284622, closed financial year 2025 with a result of € -427,584 after tax. For that financial year KWARTO recorded a gross margin of € 1.3 million and equity of € 937,943. Compared with financial year 2024, the result moved from € -193,917 to € -427,584. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 21, 2025.
€ 937,943
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -427,584
▼ 120 % more loss than in 2024
Profit after tax over the fiscal year.
€ 270,225
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 798,366.
People and assets in 2025
28.9
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 5% vs 2024
€ 53,500 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.
€ 82,414
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 854,891
▼ 8% vs 2024
€ 63,416 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 466,923
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 203,641
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,441,667 | € 1,412,288 | € 1,420,579 | € 1,283,467 | ▼ 10% |
| Profit after taxes | € -108,773 | € -233,511 | € -193,917 | € -427,584 | ▼ € 233,667 |
| Equity | € 1,792,955 | € 1,559,445 | € 1,365,528 | € 937,943 | ▼ 31% |
| Total debts | € 1,849,332 | € 1,895,565 | € 2,048,125 | € 2,132,666 | ▲ 4% |
| Cash | € 406,695 | € 352,652 | € 385,830 | € 270,225 | ▼ 30% |
| Retained profit | € 1,653,378 | € 1,419,868 | € 1,225,951 | € 798,366 | ▼ 35% |
| Bank debt | € 940,628 | € 854,468 | € 928,988 | € 854,891 | ▼ 8% |
| Balance sheet total | € 3,642,287 | € 3,455,010 | € 3,413,653 | € 3,070,609 | ▼ 10% |
| Employees (FTE) | 31.9 | 29.2 | 28.9 | 28.9 |
Key figures of KWARTO, 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 KWARTO?
What happened at KWARTO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patricia Debruyne stepped down as director. NBB
- Tarsis BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 427,584. Source: NBB ↗
- Patricia Debruyne became a director. NBB
- Tarsis BV became a director. NBB
- New establishment in Gent. KBO
- New establishment in Roeselare. KBO
- New establishment in Brugge. KBO
In short
From € 108,773 loss in 2022 to € 427,584 loss in 2025.
Paid € 7,527 in corporate taxes since 2022.
On average € 44,400 of value added per employee in 2025.
Management
The stake of TARSIS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KWARTOThe shares are held by TARSIS (100%).
Directors
According to the 2025 annual accounts
since 2023 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Onledegoedstraat 77 box 1
8800 Roeselare
Kortrijkstraat 339
8560 Wevelgem
Active since 9 June 1994
Gentseweg 759
8793 Waregem
Active since 6 November 2001
Westlaan 210
8800 Roeselare
Active since 6 November 2001
Avelgemstraat(Z) 100E
8550 Zwevegem
Active since 4 May 2002
Corneel Heymanslaan 15
9000 Gent
Active since 4 March 2019
Legeweg 148
8200 Brugge
Active since 1 July 2005
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
- 0425.284.622
- VAT number
- BE 0425.284.622
- Registered office
- Onledegoedstraat 77 bus 1, 8800 Roeselare
- Names & denominations
- KWARTO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 1984
- Peppol
- Active · Active since 25 Sept 2025
- Activities · NACE
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