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 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
QBIC VENTURE PARTNERS III from Gent, company number BE0782427932, closed financial year 2025 with a result of € 148,507 after tax. For that financial year QBIC VENTURE PARTNERS III recorded a gross margin of € 207,633 and equity of € 537,106. Compared with financial year 2024, the result moved from € 181,028 to € 148,507. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 537,106
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 148,507
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 18,087
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 475,606.
People and assets in 2025
€ 2,197
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 32
Loans from banks and other lenders, long and short.
€ 6,484
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 115,888
▲ 84% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 201,688 | € 248,407 | € 207,633 | ▼ 16% |
| Profit after taxes | € 146,072 | € 181,028 | € 148,507 | ▼ 18% |
| Equity | € 207,572 | € 388,599 | € 537,106 | ▲ 38% |
| Total debts | € 150,814 | € 66,648 | € 122,403 | ▲ 84% |
| Cash | € 27,160 | € 23,204 | € 18,087 | ▼ 22% |
| Retained profit | € 146,072 | € 327,099 | € 475,606 | ▲ 45% |
| Bank debt | € 1,894 | € 0 | € 32 | |
| Balance sheet total | € 358,385 | € 455,247 | € 659,510 | ▲ 45% |
Key figures of QBIC VENTURE PARTNERS III, 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 July 2027.
What happened to QBIC VENTURE PARTNERS III?
What happened at QBIC VENTURE PARTNERS III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 148,507 (▼ 18% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Gent. KBO
- Ara Consult BV became a director. NBB
- InspireS BV became a director. NBB
- Manuardeo Investment Services BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 146,072 profit in 2023 to € 148,507 profit in 2025.
Paid € 166,944 in corporate taxes since 2023.
Best year ever: 2024, with € 181,028 profit.
Management
The stake of InspireS, Manuardeo Investment Services, Vinea Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QBIC VENTURE PARTNERS IIIBehind QBIC VENTURE PARTNERS III are Ara Consult BV, InspireS BV and Manuardeo Investment Services BV. The shares are held by InspireS (35%), Manuardeo Investment Services (27.5%) and Vinea Consulting (10%).
Directors
According to the 2025 annual accounts
since 2022
Director · represented by Sofie Baeten
Also active at: Qbic Venture Partners II, Triple Helix Molecules as a Service
since 2022
Manuardeo Investment Services BV
Director · represented by Steven Leuridan
Also active at: Qbic Venture Partners II, Sentea, Top Tier Access Partners, NEXTUM CONSTRUCT, NEXTUM INVEST, NEXTUM IMMO, Equilli, SoundTalks
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hekers 3
9052 Gent
Soenenspark 56
9051 Gent
Active since 21 February 2022
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.
Details
- Company number
- 0782.427.932
- VAT number
- BE 0782.427.932
- Registered office
- Hekers 3, 9052 Gent
- Names & denominations
- QBIC VENTURE PARTNERS III
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2022
- Peppol
- Active · Active since 1 Jul 2025