Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
QMAX from Hasselt, company number BE0863276244, closed financial year 2025 with a result of € 11,134 after tax. For that financial year QMAX recorded a gross margin of € 1.5 million and equity of € 6.6 million. Compared with financial year 2024, the result moved from € 540,792 to € 11,134. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 20, 2026.
€ 6.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,134
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 644,754
▲ € 561,618 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 € 6.5 million.
People and assets in 2025
0.8
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 22,961
▲ € 19,134 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 155,073
▲ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15.6 million
▲ 113% vs 2024
€ 2.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 68,362
▲ 244% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,981
▼ 76% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,378,720 | € 1,846,174 | € 1,720,326 | € 1,472,662 | ▼ 14% |
| Profit after taxes | € 1,624,411 | € 973,635 | € 540,792 | € 11,134 | ▼ 98% |
| Equity | € 6,210,546 | € 7,184,181 | € 6,553,523 | € 6,564,657 | |
| Total debts | € 5,174,176 | € 4,975,019 | € 8,777,689 | € 16,871,603 | ▲ 92% |
| Cash | € 1,240,141 | € 111,875 | € 83,136 | € 644,754 | ▲ € 561,618 |
| Land & buildings | € 4,344,645 | € 4,694,816 | € 7,799,328 | € 11,696,884 | ▲ 50% |
| Retained profit | € 6,136,146 | € 7,109,781 | € 6,479,123 | € 6,490,257 | |
| Dividend | € 0 | € 0 | € 1,171,451 | € 0 | ▼ 100% |
| Bank debt | € 5,084,735 | € 4,856,927 | € 7,343,142 | € 15,643,357 | ▲ 113% |
| Balance sheet total | € 11,384,722 | € 12,159,200 | € 15,331,212 | € 23,436,260 | ▲ 53% |
| Employees (FTE) | 0.3 | 0.1 | 0.1 | 0.8 | ▲ 0.7 |
Key figures of QMAX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to QMAX?
What happened at QMAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,134 (▼ 98% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
- Maxime Robert Kumpen became a director. NBB
In short
From € 1.6 million profit in 2022 to € 11,134 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.6 million profit.
Paid out € 1.2 million in dividends to the owners in total.
A new publication or filing at QMAX? 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
Behind QMAX is Maxime Robert Kumpen. It owns 100% of Living home invest, 50% of Maasstone BV and 33.3% of 3F Invest BV itself.
Establishments
Establishment units
Physical locations of this company
Goorstraat 115
3511 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Stevas
€ 73,236 gross margin · 2025
RK-INVEST same network
€ 173,645 gross margin · 2025
KUMPEN
SOJUMAX same network
€ 17,130 gross margin · 2025
Vossekuil Invest
€ 98,848 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0863.276.244
- VAT number
- BE 0863.276.244
- Registered office
- Goorstraat 115, 3511 Hasselt
- Names & denominations
- QMAX · KUMAX · MK MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 2004
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige zakelijke dienstverlening, neg
Managementactiviteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Activiteiten van hoofdkantoren
Verhuur en exploitatie van terreinen
Coördinatiecentra
Verhuur van terreinen