Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BVBA QUALITY ENGINEERING from Putte, company number BE0434681447, closed financial year 2025 with a result of € 12,736 after tax. For that financial year BVBA QUALITY ENGINEERING recorded a gross margin of € 82,133 and equity of € 181,614. Compared with financial year 2024, the result moved from € 24,700 to € 12,736. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 181,614
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,736
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 22,792
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 175,417.
People and assets in 2025
€ 5,467
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 325,279
▼ 11% vs 2024
€ 133,161 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8,683
▲ € 6,944 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,822
▼ 64% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,236 | € 64,252 | € 97,293 | € 82,133 | ▼ 16% |
| Profit after taxes | € 2,533 | € 206 | € 24,700 | € 12,736 | ▼ 48% |
| Equity | € 123,523 | € 144,178 | € 168,877 | € 181,614 | ▲ 8% |
| Total debts | € 229,318 | € 560,996 | € 445,569 | € 433,081 | ▼ 3% |
| Cash | € 128,846 | € 224,396 | € 51,109 | € 22,792 | ▼ 55% |
| Land & buildings | - | € 318,230 | € 360,707 | € 344,017 | ▼ 5% |
| Retained profit | € 117,325 | € 137,981 | € 162,680 | € 175,417 | ▲ 8% |
| Bank debt | € 223,945 | € 403,595 | € 365,231 | € 325,279 | ▼ 11% |
| Balance sheet total | € 352,840 | € 705,174 | € 614,446 | € 614,695 |
Key figures of BVBA QUALITY ENGINEERING, 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 BVBA QUALITY ENGINEERING?
What happened at BVBA QUALITY ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 12,736 (▼ 48% vs 2024). Source: NBB ↗
- Matthew Pelgrims became a director. NBB
- Mitchel Pelgrims became a director. NBB
- New establishment in Putte. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,533 profit in 2022 to € 12,736 profit in 2025.
Paid € 16,413 in corporate taxes since 2022.
Best year ever: 2024, with € 24,700 profit.
Management
Behind BVBA QUALITY ENGINEERING are Mitchel Pelgrims and Matthew Pelgrims. Mitchel Pelgrims is also behind CONDOR INVESTMENT.
Directors
According to the 2025 annual accounts
since 2021
Matthew Pelgrims
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Koningsbaan 112
2580 Putte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Domain
Domain
infraroodsaunas.net
Registered
2009-10-08
Registrar
One.com A/S
Expires
2026-10-08
Website info
Features
Security
Network
Details
- Company number
- 0434.681.447
- VAT number
- BE 0434.681.447
- Registered office
- Koningsbaan 112, 2580 Putte
- Names & denominations
- BVBA QUALITY ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 1988
- Peppol
- Active · Active since 19 Nov 2025
- Contact
- infraroodsaunas.net
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Gemengd bedrijf
Detailhandel in elektrische huishoudapparaten
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Gemengd landbouwbedrijf
Detailhandel in motorvoertuigen
Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)