Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
QPINCH from Antwerpen, company number BE0645694950, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year QPINCH recorded a gross margin of € -140,445 and equity of € -203,638. Compared with financial year 2024, the result moved from € -805,066 to € -1.5 million. 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 June 25, 2026.
€ -203,638
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 84 % more loss than in 2024
Profit after tax over the fiscal year.
€ 171,749
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.9 million.
People and assets in 2025
9.5
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 11% vs 2024
€ 106,900 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 314,487
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 75,455
▼ 38% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -207,926 | € 447,889 | € 541,023 | € -140,445 | ▼ € 681,468 |
| Profit after taxes | € -1,031,522 | € -604,952 | € -805,066 | € -1,482,514 | ▼ € 677,448 |
| Equity | € -4,737,833 | € -16,059 | € 1,278,875 | € -203,638 | ▼ € 1.5 million |
| Total debts | € 8,757,202 | € 4,780,329 | € 2,633,861 | € 1,454,625 | ▼ 45% |
| Cash | € 197,629 | € 202,167 | € 503,249 | € 171,749 | ▼ 66% |
| Retained profit | € -4,961,107 | € -5,566,059 | € -6,371,125 | € -7,853,638 | ▼ € 1.5 million |
| Balance sheet total | € 4,019,369 | € 4,764,270 | € 4,052,737 | € 1,634,987 | ▼ 60% |
| Employees (FTE) | 12.7 | 11.3 | 11.4 | 9.5 | ▼ 1.9 |
Key figures of QPINCH, 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 QPINCH?
What happened at QPINCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- Valerie Dejaeghere became a director. NBB
- NV CALORITUM NV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1 million loss in 2022 to € 1.5 million loss in 2025.
Paid € 10,486 in corporate taxes since 2022.
On average € 47,500 of value added per employee in 2024.
A new publication or filing at QPINCH? 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 Caloritum comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QPINCHBehind QPINCH are Valerie Dejaeghere and NV CALORITUM NV. The shares are held by Caloritum (100%).
Directors
According to the 2025 annual accounts
since 2022
Director · represented by Wouter Ducheyne
since 2019
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hamburgstraat 3
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0645.694.950
- VAT number
- BE 0645.694.950
- Registered office
- Hamburgstraat 3, 2030 Antwerpen
- Names & denominations
- QPINCH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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