Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 19.7 to 17.2.
Financials
Financial year 2025
Q-LITE from Baarle-Hertog, company number BE0460689028, closed financial year 2025 with a result of € -422,882 after tax. For that financial year Q-LITE recorded revenue of € 6.4 million and equity of € 712,504. Compared with financial year 2024, the result moved from € 93,706 to € -422,882. 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 August 31, 2026.
€ 712,504
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -422,882
▼ still € 93,706 profit in 2024
Profit after tax over the fiscal year.
€ 191,235
▲ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 637,504.
People and assets in 2025
17.2
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 3% vs 2024
€ 74,900 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.
€ 129,718
▼ 25% vs 2024
Of which on lease € 94,789.
Debts at end 2025
€ 323,880
▼ 15% vs 2024
€ 97,279 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.3 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 239,428
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,534,460 | € 6,136,743 | € 7,190,746 | € 6,367,091 | ▼ 11% |
| Profit after taxes | € 32,136 | € -27,546 | € 93,706 | € -422,882 | ▼ € 516,588 |
| Equity | € 1,069,226 | € 1,041,680 | € 1,135,386 | € 712,504 | ▼ 37% |
| Total debts | € 2,073,409 | € 2,079,156 | € 2,380,950 | € 2,464,456 | ▲ 4% |
| Cash | € 314,281 | € 1,996 | € 177,551 | € 191,235 | ▲ 8% |
| Land & buildings | € 24,569 | € 24,569 | € 24,569 | € 24,569 | |
| Retained profit | € 994,226 | € 966,680 | € 1,060,386 | € 637,504 | ▼ 40% |
| Bank debt | € 194,954 | € 273,836 | € 383,095 | € 323,880 | ▼ 15% |
| Balance sheet total | € 3,252,255 | € 3,231,095 | € 3,597,631 | € 3,245,890 | ▼ 10% |
| Employees (FTE) | 19 | 19.7 | 18.4 | 17.2 | ▼ 1.2 |
Key figures of Q-LITE, 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-LITE?
What happened at Q-LITE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 422,882 (▼ € 516,588 vs 2024). filed late Source: NBB ↗
- Malcolm Theodore Ludovicus Witteveen became a director. NBB
- New establishment in Harelbeke. KBO
- New establishment in Baarle-Hertog. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,136 profit in 2022 to € 422,882 loss in 2025.
Paid € 79,682 in corporate taxes since 2022.
Best year ever: 2024, with € 93,706 profit.
Pays suppliers within 84 days on average.
Management
The stake of BILLBOARD TECHNOLOGY INDUSTRIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Q-LITEBehind Q-LITE are Malcolm Theodore Ludovicus Witteveen, Dirk Geenen and Jacco Zwart. The shares are held by BILLBOARD TECHNOLOGY INDUSTRIES (100%).
Directors
According to the 2025 annual accounts
Malcolm Theodore Ludovicus Witteveen
Director
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wiekenweg 13
2387 Baarle-Hertog
Evolis 104
8530 Harelbeke
Active since 1 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
Microsoft 365
Hosting
TRANSIP-AS Amsterdam, the Netherlands, NL
Domain
Domain
q-lite.com
Registered
2009-06-21
Registrar
EuroDNS S.A.
Expires
2029-06-21
Website info
Features
Security
Details
- Company number
- 0460.689.028
- VAT number
- BE 0460.689.028
- Registered office
- Wiekenweg 13, 2387 Baarle-Hertog
- Names & denominations
- Q-LITE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 1997
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- q-lite.com
- Activities · NACE
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