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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Q-group from Lokeren, company number BE0454859625, closed financial year 2025 with a result of € 631,473 after tax. For that financial year Q-group recorded revenue of € 1.8 million and equity of € 15.7 million. Compared with financial year 2024, the result moved from € 800,733 to € 631,473. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 15.7 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 631,473
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 312,978
▲ 7% 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 € 9.7 million.
Debts at end 2025
€ 2.1 million
▲ 37% vs 2024
€ 435,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 394,456
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,391,000 | € 2,519,000 | € 2,784,196 | € 1,824,000 | ▼ 34% |
| Profit after taxes | € 2,457,782 | € 1,290,894 | € 800,733 | € 631,473 | ▼ 21% |
| Equity | € 13,605,881 | € 15,209,719 | € 16,748,781 | € 15,669,227 | ▼ 6% |
| Total debts | € 7,342,795 | € 5,905,200 | € 6,468,545 | € 4,664,778 | ▼ 28% |
| Cash | € 824,040 | € 457,702 | € 292,289 | € 312,978 | ▲ 7% |
| Retained profit | € 6,989,783 | € 8,280,676 | € 9,081,409 | € 9,712,882 | ▲ 7% |
| Bank debt | € 2,392,500 | € 1,957,500 | € 1,522,500 | € 2,087,500 | ▲ 37% |
| Balance sheet total | € 20,948,675 | € 21,114,918 | € 23,217,327 | € 20,334,004 | ▼ 12% |
Key figures of Q-group, 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-group?
What happened at Q-group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Business For Growth BV stepped down as director. NBB
- P.H.J. Pieter Geraerts stepped down as director. NBB
- You Never Work Alone BV stepped down as director. NBB
- B.H.W. (Robert) van Ballegooijen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 631,473 (▼ 21% vs 2024). Source: NBB ↗
- GDB Management Services BV stepped down as director. NBB
- Business For Growth BV became a director. NBB
- You Never Work Alone BV became a director. NBB
In short
From € 2.5 million profit in 2022 to € 631,473 profit in 2025.
Paid € 767,416 in corporate taxes since 2022.
Best year ever: 2022, with € 2.5 million profit.
Pays suppliers within 79 days on average.
Management
The shares are held by Van Loon Group B.V. (48.8%), Maatschap De Linde (15.1%), Maatschap Mati (14.7%), GE&S BV (10.4%), Maatschap Brinthe (4.3%) and Erwin Van Dorslaer (4%). It owns 100% of Q-FOOD NV, 100% of Q-ENERGY BV, 100% of Q-LOGISTICS NV, 100% of Q-FOOD ARDENNE SPRL, 100% of SALAISONS DU HAINAUT SRL and 33.3% of Slachthuis Velzeke itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Guy De Bruycker
Also active at: SALAISONS DU HAINAUT, Q-beef, De Bruycker, Q- FOOD, Q-food Ardenne, Q-ENERGY, Q-Logistics
since 2024 · until 2026
Director · represented by Ann Biebuyck
Also active at: LUNCH GARDEN, VANDER ZIJPEN, Lunch Garden Holding, BISTRO GARDEN
since 2026 · until 2030
P.H.J. Pieter Geraerts
Director
since 2024 · until 2030
Director · represented by Tom Bonnarens
since 2026 · until 2030
Director · represented by Gert De Bruycker
Owns 0.2% via Q-Group NV
Also active at: SALAISONS DU HAINAUT, Q-beef, De Bruycker, Q- FOOD, Q-food Ardenne, Q-ENERGY, Q-Logistics
since 2024 · until 2026
B.H.W. (Robert) van Ballegooijen
Director
Also active at: SALAISONS DU HAINAUT, Q-beef, Q-ENERGY, Q-Logistics
since 2024 · until 2030
Shareholders
Van Loon Group B.V.
48.8%
15.1%
14.7%
10.4%
4.3%
Erwin Van Dorslaer
4%
Q-Group NV · holding of GE&S BV
2.3%
Ludo Calaerts
0.5%
Participations
100%
100%
100%
100%
33.3%
Establishments
Establishment units
Physical locations of this company
Moortelstraat 21D
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.859.625
- VAT number
- BE 0454.859.625
- Registered office
- Moortelstraat 21D, 9160 Lokeren
- Names & denominations
- Q-group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1995
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings