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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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
QUALITY SET from Tournai, company number BE0724686109, closed financial year 2026 with a result of € -1.3 million after tax. For that financial year QUALITY SET recorded a gross margin of € 948,591 and equity of € 3.7 million. Compared with financial year 2025, the result moved from € 273,495 to € -1.3 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2026.
€ 3.7 million
▲ € 3.2 million vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▼ still € 273,495 profit in 2025
Profit after tax over the fiscal year.
€ 89,791
▲ € 89,758 vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.8 million.
People and assets in 2026
16.9
Average over the fiscal year, from the social balance sheet.
€ 750,480
▲ 89% vs 2025
€ 44,400 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.
€ 134,204
▲ 7% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 6.9 million
▼ 3% vs 2025
Loans from banks and other lenders, long and short.
€ 529,841
▼ 2% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 121,040
▲ 66% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -532,313 | € -72,660 | € 3,240,422 | € 948,591 | ▼ 71% |
| Profit after taxes | € -2,964,433 | € -3,279,570 | € 273,495 | € -1,349,369 | ▼ € 1.6 million |
| Equity | € 3,840,446 | € 40,536 | € 514,470 | € 3,681,143 | ▲ € 3.2 million |
| Total debts | € 15,652,698 | € 18,177,602 | € 15,107,949 | € 10,357,728 | ▼ 31% |
| Cash | € 33 | € 41,383 | € 33 | € 89,791 | ▲ € 89,758 |
| Land & buildings | € 56,134 | € 46,841 | € 31,935 | € 18,160 | ▼ 43% |
| Retained profit | € -4,429,835 | € -7,709,405 | € -7,435,911 | € -8,785,279 | ▼ € 1.3 million |
| Bank debt | € 10,866,411 | € 10,383,075 | € 7,075,244 | € 6,855,325 | ▼ 3% |
| Balance sheet total | € 19,493,144 | € 18,218,138 | € 15,622,419 | € 14,038,871 | ▼ 10% |
| Employees (FTE) | - | - | - | 16.9 |
Key figures of QUALITY SET, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to QUALITY SET?
What happened at QUALITY SET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 1.3 million (▼ € 1.6 million vs 2025). Source: NBB ↗
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
- MEULDERS PIERRE MANAGEMENT SRL became a director. NBB
In short
From € 3 million loss in 2023 to € 1.3 million loss in 2026.
Paid € 76 in corporate taxes since 2023.
Best year ever: 2025, with € 273,495 profit.
On average € 56,100 of value added per employee in 2026.
Management
Behind QUALITY SET is MEULDERS PIERRE MANAGEMENT SRL. MEULDERS PIERRE MANAGEMENT SRL is also behind SIMSA, QUALITY SET IMMOBILIER and FLEMA.
Directors
According to the 2026 annual accounts
MEULDERS PIERRE MANAGEMENT SRL
Administrateur délégué · represented by Pierre MEULDERS
Also active at: SIMSA, QUALITY SET IMMOBILIER, FLEMA
since 2019
Establishments
Establishment units
Physical locations of this company
Rue du Petit Tilleul 16
7522 Tournai
Rue de la Recherche (FRY) 9
7503 Tournai
Active since 9 April 2019
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
OVH Mail
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0724.686.109
- VAT number
- BE 0724.686.109
- Registered office
- Rue du Petit Tilleul 16, 7522 Tournai
- Names & denominations
- QUALITY SET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 2019
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- qualityset.be [email protected]
- Activities · NACE
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