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.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
QBIC Brussels Fund from Etterbeek, company number BE0846785551, closed financial year 2025 with a result of € -13,560 after tax. For that financial year QBIC Brussels Fund recorded a gross margin of € -11,963 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -300,669 to € -13,560. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 2.1 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,560
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 68,374
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 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.
€ 163
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,052 | € -18,882 | € -13,115 | € -11,963 | ▲ € 1,153 |
| Profit after taxes | € -598,554 | € 194,116 | € -300,669 | € -13,560 | ▲ € 287,110 |
| Equity | € 2,254,632 | € 2,448,748 | € 2,148,078 | € 2,134,519 | ▼ 1% |
| Total debts | € 2,589 | € 31,151 | € 35,398 | € 30,329 | ▼ 14% |
| Cash | € 44,822 | € 15,584 | € 87,811 | € 68,374 | ▼ 22% |
| Retained profit | € -1,348,368 | € -1,154,252 | € -1,454,922 | € -1,468,481 | ▼ € 13,560 |
| Balance sheet total | € 2,257,221 | € 2,479,899 | € 2,183,476 | € 2,164,847 | ▼ 1% |
Key figures of QBIC Brussels 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 Brussels Fund?
What happened at QBIC Brussels Fund in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Qbic Venture Partners BV stepped down as director. NBB
- Jan Cornelis stepped down as director. NBB
- Finance&invest.brussels NV stepped down as director. NBB
- ING België NV stepped down as director. NBB
- Yannik Hallet stepped down as director. NBB
- Isabelle Cardinael stepped down as director. NBB
- BNP Paribas Fortis Private Equity Belgium NV stepped down as director. NBB
- Jean-Pierre Timmermans stepped down as director. NBB
In short
From € 598,554 loss in 2022 to € 13,560 loss in 2025.
Best year ever: 2023, with € 194,116 profit.
A new publication or filing at QBIC Brussels Fund? 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 QBIC Feeder Fund, finance&invest.brussels comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QBIC Brussels FundThe shares are held by QBIC Feeder Fund (50%) and finance&invest.brussels (22.2%). It owns 5.5% of Ubidata and 2.7% of Confo Therapeutics itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Zabeau Marc
Also active at: Morrow, OVIZIO IMAGING SYSTEMS, QBIC Feeder Fund, QBIC Arkiv Fund, UBIDATA
since 2024 · until 2026
since 2024 · until 2026
Director · represented by Bogovic Franc
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, BRUSERVICES, S.F.A.R., MAISON DE LA RADIO FLAGEY, BE ANGELS, THEODORUS III, INNOVATION FUND, SEEDER FUND +14 more
since 2024 · until 2026
Director · represented by Soenen Bertrand
Owns 0.5% via finance&invest.brussels
Also active at: United Brands Association, FPIM International - SFPI Internationaal - SFPIM International, Uitwisselingscentrum en verrekening, BEDRIJVENCENTRUM REGIO AALST, BEDRIJVENCENTRUM - VLAAMSE ARDENNEN, BEDRIJVENCENTRUM DE PUNT, ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS, FINANCIERE DU SUD - EST +26 more
since 2024 · until 2026
Yannik Hallet
Director
since 2024 · until 2026
Isabelle Cardinael
Director
Also active at: GEMMA FRISIUS-FONDS KU LEUVEN, Zeopore Technologies, QBIC Feeder Fund, QBIC Arkiv Fund
since 2024 · until 2026
BNP Paribas Fortis Private Equity Belgium NV
Director · represented by Patricia Terryn
Also active at: HET ANKER, Anima Research, STUDIO 100, PLOPSA, THEODORUS III, QBIC Feeder Fund, QBIC Arkiv Fund
since 2024 · until 2026
since 2024 · until 2026
since 2024 · until 2026
since 2024 · until 2026
Rik Van De Walle
Director
since 2024 · until 2026
Federale Participatie- en Investeringsmaatschappij NV
Director · represented by Ertveldt Goedele
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +57 more
since 2024 · until 2026
Shareholders
50%
finance&invest.brussels · holding of ING België NV
22.2%
Participations
5.5%
2.7%
Establishments
Establishment units
Physical locations of this company
Witte Patersstraat 4
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0846.785.551
- VAT number
- BE 0846.785.551
- Registered office
- Witte Patersstraat 4, 1040 Etterbeek
- Names & denominations
- QBIC Brussels Fund
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2012
- Peppol
- Active · Active since 10 Dec 2025