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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Figures corrected NBB
Corrected annual account filed for 2022.
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Late annual account NBB
Fiscal year 2024 was filed 259 days after the legal deadline.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
IQGeo Europe from Gent, company number BE0464687408, closed financial year 2024 with a result of € 1.4 million after tax. For that financial year IQGeo Europe recorded a gross margin of € 6.9 million and equity of € 4.9 million. Compared with financial year 2023, the result moved from € 1.2 million to € 1.4 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ 4.9 million
▲ 39% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 14% vs 2023
Profit after tax over the fiscal year.
€ 1.4 million
▼ 42% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 4.9 million.
People and assets in 2024
45.7
▲ 5.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.1 million
▲ 20% vs 2023
€ 111,900 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.
€ 72,797
▼ 23% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 4.6 million
▲ 190% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.7 million
▲ 73% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 4,097,397 | € 5,451,090 | € 4,339,073 | € 6,886,430 | ▲ 59% |
| Profit after taxes | € 978,020 | € 1,525,597 | € 1,217,021 | € 1,384,161 | ▲ 14% |
| Equity | € 1,924,686 | € 3,450,283 | € 3,540,889 | € 4,925,050 | ▲ 39% |
| Total debts | € 2,303,789 | € 3,477,259 | € 5,176,270 | € 10,053,778 | ▲ 94% |
| Cash | € 742,042 | € 2,993,474 | € 2,352,025 | € 1,368,346 | ▼ 42% |
| Land & buildings | € 3,881 | € 3,361 | € 0 | - | |
| Retained profit | € 1,863,186 | € 3,388,783 | € 3,479,389 | € 4,863,550 | ▲ 40% |
| Dividend | € 0 | € 0 | € 1,126,416 | € 0 | ▼ 100% |
| Bank debt | € 7,902 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 4,228,475 | € 6,927,543 | € 8,717,159 | € 15,075,276 | ▲ 73% |
| Employees (FTE) | 36.1 | 37.6 | 39.8 | 45.7 | ▲ 5.9 |
Key figures of IQGeo Europe, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to IQGeo Europe?
What happened at IQGeo Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Richard Petti stepped down as director. NBB
- Haywood Chapman stepped down as director. NBB
- Raf Meersman stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1.4 million (▲ 14% vs 2023). filed late Source: NBB ↗
- Richard Petti became a director. NBB
- Haywood Chapman became a director. NBB
- Raf Meersman became a director. NBB
- New establishment in Gent. KBO
In short
From € 978,020 profit in 2021 to € 1.4 million profit in 2024.
Paid € 361,544 in corporate taxes since 2021.
Best year ever: 2022, with € 1.5 million profit.
On average € 150,700 of value added per employee in 2024.
Management
Directors
According to the 2024 annual accounts
Raf Meersman
Director
since 2022 · until 2028
Richard Petti
Director
since 2022 · until 2028
Haywood Chapman
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Sassevaartstraat 46 box 214
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →CONCORDIA
€ 20.8 million revenue · 2024
Evolta Incubator
€ 69,724 gross margin · 2025
Info Service Belgium
€ 1.3 million gross margin · 2025
Thank You Georges
€ -241,036 gross margin · 2020
Broedbloeders
+24 more
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
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
AWS Route 53
Domain
Domain
comsof.com
Registered
1999-03-16
Registrar
Amazon Registrar, Inc.
Expires
2027-03-16
Website info
Features
Security
Network
Details
- Company number
- 0464.687.408
- VAT number
- BE 0464.687.408
- Registered office
- Sassevaartstraat 46 bus 214, 9000 Gent
- Names & denominations
- IQGeo Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1998
- Peppol
- Active · Active since 14 Jan 2026
- Contact
- comsof.com
- Activities · NACE
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