Financials
Financial year 2024
QUEEN-K from Tervuren, company number BE0834400829, closed financial year 2024 with a result of € 102,404 after tax. For that financial year QUEEN-K recorded a gross margin of € 304,177 and equity of € 849,834. Compared with financial year 2023, the result moved from € 282,335 to € 102,404. 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 September 25, 2025.
€ 849,834
▲ 9% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102,404
▼ 64% vs 2023
Profit after tax over the fiscal year.
€ 123,537
▼ 44% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 33,148 paid out
32 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
1.4
Average over the fiscal year, from the social balance sheet.
€ 30,174
€ 21,600 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.
€ 121,909
▼ 6% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 894,250
▼ 7% vs 2023
€ 69,002 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 37,321
▲ 176% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 26,909
▼ 60% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 159,018 | € 369,989 | € 544,186 | € 304,177 | ▼ 44% |
| Profit after taxes | € 53,433 | € 134,807 | € 282,335 | € 102,404 | ▼ 64% |
| Equity | € 444,662 | € 533,431 | € 780,578 | € 849,834 | ▲ 9% |
| Total debts | € 1,409,012 | € 1,225,108 | € 1,208,031 | € 1,079,324 | ▼ 11% |
| Cash | € 82,885 | € 75,172 | € 220,393 | € 123,537 | ▼ 44% |
| Land & buildings | € 1,652,089 | € 1,597,473 | € 1,574,008 | € 1,542,019 | ▼ 2% |
| Retained profit | € 426,062 | € 514,831 | € 761,978 | € 831,234 | ▲ 9% |
| Dividend | € 0 | € 46,038 | € 35,187 | € 33,148 | ▼ 6% |
| Bank debt | € 984,025 | € 935,525 | € 961,708 | € 894,250 | ▼ 7% |
| Balance sheet total | € 1,880,414 | € 1,784,280 | € 2,013,350 | € 1,952,900 | ▼ 3% |
| Employees (FTE) | - | - | - | 1.4 |
Key figures of QUEEN-K, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to QUEEN-K?
What happened at QUEEN-K in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 102,404 (▼ 64% vs 2023). filed late Source: NBB ↗
- Olivier Thiel became a director. NBB
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,433 profit in 2021 to € 102,404 profit in 2024.
Paid € 302,279 in corporate taxes since 2021.
Best year ever: 2023, with € 282,335 profit.
On average € 217,300 of value added per employee in 2024.
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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
Behind QUEEN-K is Olivier Thiel. Olivier Thiel is also behind COMPAGNIE IMMOBILIERE DE WALLONIE, Infinito, QUOMAGO S.A., COSIMO and VELDIMMO.
Directors
According to the 2024 annual accounts
Olivier Thiel
Director
Also active at: COMPAGNIE IMMOBILIERE DE WALLONIE, Infinito, QUOMAGO S.A., COSIMO, VELDIMMO, ESPACE NIVELLES, IMMOBEL Project Management, 'T Park Development +27 more
since 2024
Establishments
Establishment units
Physical locations of this company
Hertenbergstraat 55
3080 Tervuren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.400.829
- VAT number
- BE 0834.400.829
- Registered office
- Hertenbergstraat 55, 3080 Tervuren
- Names & denominations
- QUEEN-K
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 2011
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
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