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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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Quares PBSA from Antwerpen, company number BE0504896183, closed financial year 2025 with a result of € -320,396 after tax. For that financial year Quares PBSA recorded a gross margin of € 50,282 and equity of € -148,856. Compared with financial year 2024, the result moved from € 893,584 to € -320,396. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ -148,856
▼ € 320,396 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -320,396
▼ still € 893,584 profit in 2024
Profit after tax over the fiscal year.
€ 1,976
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -210,356.
People and assets in 2025
2.8
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 205,323
▲ 5% vs 2024
€ 73,300 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.
€ 1,123
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 151,354
▲ € 143,802 vs 2024
Loans from banks and other lenders, long and short.
€ 313,137
▲ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,557
▼ 71% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 2,366,925 | € 1,326,747 | € 50,282 | ▼ 96% |
| Profit after taxes | € 1,591,290 | € 893,584 | € -320,396 | ▼ € 1.2 million |
| Equity | € 2,082,955 | € 171,539 | € -148,856 | ▼ € 320,396 |
| Total debts | € 3,268,161 | € 1,136,654 | € 1,218,416 | ▲ 7% |
| Cash | € 71,078 | € 25,326 | € 1,976 | ▼ 92% |
| Retained profit | € 2,021,455 | € 110,039 | € -210,356 | ▼ € 320,396 |
| Dividend | € 0 | € 2,805,000 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 7,553 | € 151,354 | ▲ € 143,802 |
| Balance sheet total | € 5,351,117 | € 1,308,194 | € 1,069,560 | ▼ 18% |
| Employees (FTE) | 1.7 | 2.7 | 2.8 | ▲ 0.1 |
Key figures of Quares PBSA, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to Quares PBSA?
What happened at Quares PBSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Quares Real Estate Investment Management NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 320,396 (▼ € 1.2 million vs 2024). Source: NBB ↗
- Quares Real Estate Investment Management NV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.6 million profit in 2023 to € 320,396 loss in 2025.
Paid € 866,199 in corporate taxes since 2023.
Best year ever: 2023, with € 1.6 million profit.
On average € 18,000 of value added per employee in 2025.
Management
The stake of QUARES REAL ESTATE INVESTMENT MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Quares PBSABehind Quares PBSA are Business Management & Consultancy Center BV and Fontenelle BV. The shares are held by QUARES REAL ESTATE INVESTMENT MANAGEMENT (99%). It owns 26.5% of UKOT Liege itself.
Directors
According to the 2025 annual accounts
Business Management & Consultancy Center BV
Director · represented by Hoorens FREDDY
Also active at: QUARES PROPERTY MANAGEMENT, JADE TECHNICAL INNOVATIONS, JADE SYNERGIES, Jade Sustainable Projects, MVKwadraat, QUARES REAL ESTATE INVESTMENT MANAGEMENT RESIDENTIAL INVESTMENT, QUARES INVEST, Quares Real Estate Investment Management Retail Foetz +5 more
Managing director · represented by Du BOIS HERMAN
Also active at: JADE TECHNICAL INNOVATIONS, JADE SYNERGIES, Jade Sustainable Projects, QUARES REAL ESTATE INVESTMENT MANAGEMENT RESIDENTIAL INVESTMENT, QUARES INVEST, Quares Real Estate Investment Management Retail Foetz, QUARES FACILITY MANAGEMENT, QUARES REAL ESTATE INVESTMENT MANAGEMENT +1 more
Quares Real Estate Investment Management NV
Director · represented by Romeo MERCKEN
Also active at: JADE TECHNICAL INNOVATIONS, JADE SYNERGIES, Jade Sustainable Projects, Quares Sustainability Initiative, Jade Finance, QUARES REAL ESTATE INVESTMENT MANAGEMENT RESIDENTIAL INVESTMENT, Quares Real Estate Investment Management Retail Foetz
since 2024 · until 2030
Shareholders
Participations
26.5%
Establishments
Establishment units
Physical locations of this company
Leopold de Waelplaats 20
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →IMMOMENCH
€ -72,088 gross margin · 2025
JADE TECHNICAL INNOVATIONS same network
€ 28,813 gross margin · 2026
JADE SYNERGIES same network
€ 37,427 gross margin · 2026
Jade Sustainable Projects same network
€ -11,746 gross margin · 2026
Quares Sustainability Initiative same network
€ -13,498 gross margin · 2026
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0504.896.183
- VAT number
- BE 0504.896.183
- Registered office
- Leopold de Waelplaats 20, 2000 Antwerpen
- Names & denominations
- Quares PBSA · Quares Real Estate Investment Management SH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2013
- Peppol
- Active · Active since 26 Jun 2025
- Activities · NACE
Activiteiten van holdings
Holdings