Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 23.2 to 18.7.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
QLEVR from Aalst, company number BE0472941217, closed financial year 2025 with a result of € -2.4 million after tax. For that financial year QLEVR recorded revenue of € 9.2 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -2.3 million to € -2.4 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 1.1 million
▲ € 2.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▼ 6 % more loss than in 2024
Profit after tax over the fiscal year.
€ 281,781
▲ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.5 million.
People and assets in 2025
18.7
▼ 4.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 24% vs 2024
€ 66,200 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.
€ 25,696
▼ 45% vs 2024
Of which on lease € 16,555.
Debts at end 2025
€ 12.9 million
▼ 15% vs 2024
€ 386,406 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 2 million
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 140,207
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,074,109 | € 10,154,494 | € 9,487,691 | € 9,219,854 | ▼ 3% |
| Profit after taxes | € -349,861 | € -1,763,441 | € -2,287,875 | € -2,427,399 | ▼ € 139,524 |
| Equity | € 3,065,473 | € 1,302,032 | € -985,843 | € 1,086,758 | ▲ € 2.1 million |
| Total debts | € 15,956,239 | € 18,458,715 | € 18,753,131 | € 15,114,464 | ▼ 19% |
| Cash | € 190,773 | € 122,210 | € 175,737 | € 281,781 | ▲ 60% |
| Retained profit | € 3,002,973 | € 1,239,532 | € -1,048,343 | € -3,475,742 | ▼ € 2.4 million |
| Bank debt | € 13,618,522 | € 14,283,350 | € 15,227,710 | € 12,873,493 | ▼ 15% |
| Balance sheet total | € 19,021,712 | € 19,760,747 | € 17,767,289 | € 16,201,223 | ▼ 9% |
| Employees (FTE) | 20.9 | 23.2 | 23.1 | 18.7 | ▼ 4.4 |
Key figures of QLEVR, 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 QLEVR?
What happened at QLEVR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BOPLUS BV stepped down as director. NBB
- Gayana Comm V stepped down as director. NBB
- Dovesco NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.4 million. Source: NBB ↗
- BOPLUS BV became a director. NBB
- Gayana Comm V became a director. NBB
- Dovesco NV became a director. NBB
- New establishment in Aalst. KBO
In short
From € 349,861 loss in 2022 to € 2.4 million loss in 2025.
Paid € 17,957 in corporate taxes since 2022.
Pays suppliers within 90 days on average.
A new publication or filing at QLEVR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DOVESCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QLEVRThe shares are held by DOVESCO (99.8%). It owns 100% of QLEVR Nederland BV and 100% of QLEVR Deutschland GmbH itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Boddin Boke
since 2025 · until 2027
Managing director · represented by Gregory De Clerck
Also active at: Transroute, POWER SOLUTIONS, DOMO CHEMICALS HOLDING, INVESTMENTS & PARTICIPATIONS, IMMO CABRITA, DOVESCO, Flying Alliance, COPUS GROUP +5 more
since 2024 · until 2027
Director · represented by Dimitri Van Damme
Also active at: DOVESCO INVESTERINGSVEHIKEL II, STEELCO INVEST
since 2024 · until 2027
Shareholders
99.8%
Participations
QLEVR Nederland BV
100%
QLEVR Deutschland GmbH
100%
Establishments
Establishment units
Physical locations of this company
Waterkeringstraat 21
9320 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.941.217
- VAT number
- BE 0472.941.217
- Registered office
- Waterkeringstraat 21, 9320 Aalst
- Names & denominations
- QLEVR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2000
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Vervaardiging van matrassen
Detailhandel in huismeubilair
Detailhandel in huismeubilair in gespecialiseerde winkels
Vervaardiging van beddengoed, tafellinnen en textielwaren voor huishoudelijk gebruik
Detailhandel in meubels