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.
Financials
Financial year 2025
QBIC III FUND from Gent, company number BE0782842062, closed financial year 2025 with a result of € -1.9 million after tax. For that financial year QBIC III FUND recorded a gross margin of € -1.8 million and equity of € 38.5 million. Compared with financial year 2024, the result moved from € -1.7 million to € -1.9 million. The company made a loss. 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 June 5, 2026.
€ 38.5 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ 13 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.7 million
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.8 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,290
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -832,816 | € -1,479,423 | € -1,799,489 | € -1,802,339 | |
| Profit after taxes | € -827,968 | € -1,426,104 | € -1,660,696 | € -1,875,504 | ▼ € 214,807 |
| Equity | € 4,072,032 | € 15,452,178 | € 25,961,781 | € 38,517,070 | ▲ 48% |
| Total debts | € 2,616 | € 514,786 | € 983 | € 1,290 | ▲ 31% |
| Cash | € 1,777,868 | € 8,431,665 | € 3,533,923 | € 2,748,151 | ▼ 22% |
| Retained profit | € -827,968 | € -2,254,072 | € -3,914,768 | € -5,790,271 | ▼ € 1.9 million |
| Balance sheet total | € 4,074,648 | € 15,966,965 | € 25,962,763 | € 38,518,360 | ▲ 48% |
Key figures of QBIC III FUND, 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 QBIC III FUND?
What happened at QBIC III FUND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.9 million. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 827,968 loss in 2022 to € 1.9 million loss in 2025.
Paid € 9,294 in corporate taxes since 2022.
Management
The stake of Participatiemaatschappij Vlaanderen, SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT, VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QBIC III FUNDBehind QBIC III FUND is QBIC Venture Partners III NV. The shares are held by Participatiemaatschappij Vlaanderen (15.3%), SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (14.1%) and VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK (0.6%). It owns 22.8% of Theratrame NV, 21.4% of Obulytix BV, 19.1% of Tanai Therapeutics NV, 17.5% of Weave.ly, 17% of RheaVita BV and 15.1% of AnimAb BV itself.
Directors
According to the 2025 annual accounts
Manager · represented by Sofie Baeten
Also active at: RheaVita, VoxelSensors, AnimAb, AmphiStar, weave.ly, Swave, THERAtRAME, Obulytix +2 more
Shareholders
Participations
22.8%
21.4%
19.1%
17.5%
17%
15.1%
12.4%
11.9%
Flindr Therapeutics
11.6%
11.5%
9.7%
EYEO B.V.
7.6%
6.2%
5.3%
Establishments
Establishment units
Physical locations of this company
Soenenspark 56
9051 Gent
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0782.842.062
- VAT number
- BE 0782.842.062
- Registered office
- Soenenspark 56, 9051 Gent
- Names & denominations
- QBIC III FUND
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 3 March 2022
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- qbic.be