Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 12.7 to 10.4.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Q-top from Houthalen-Helchteren, company number BE0881486906, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year Q-top recorded revenue of € 4 million and equity of € 7.8 million. Compared with financial year 2024, the result moved from € 1.8 million to € 2.5 million. Profitable, and profit is growing. 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 25, 2026.
€ 7.8 million
▲ 47% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▲ 38% vs 2024
Profit after tax over the fiscal year.
€ 3.2 million
▲ € 2.9 million 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 € 7.7 million.
People and assets in 2025
10.4
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 817,952
▼ 23% vs 2024
€ 78,600 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.
€ 2,700
▼ 73% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 45,460
▼ 21% vs 2024
€ 12,825 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 437,374
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 203,874
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 3,993,341 | |
| Gross margin | € 1,757,891 | € 2,179,933 | € 3,249,255 | € 3,742,471 | ▲ 15% |
| Profit after taxes | € 760,903 | € 1,150,385 | € 1,801,135 | € 2,484,728 | ▲ 38% |
| Equity | € 2,353,926 | € 3,504,311 | € 5,305,446 | € 7,790,174 | ▲ 47% |
| Total debts | € 588,191 | € 768,639 | € 746,571 | € 855,709 | ▲ 15% |
| Cash | € 363,810 | € 281,912 | € 319,474 | € 3,242,955 | ▲ € 2.9 million |
| Land & buildings | € 298,317 | € 278,224 | € 204,721 | € 197,138 | ▼ 4% |
| Retained profit | € 2,254,176 | € 3,404,561 | € 5,205,696 | € 7,690,424 | ▲ 48% |
| Bank debt | € 80,182 | € 69,201 | € 57,638 | € 45,460 | ▼ 21% |
| Balance sheet total | € 2,942,117 | € 4,272,950 | € 6,052,017 | € 8,645,883 | ▲ 43% |
| Employees (FTE) | 13.3 | 12.7 | 12.5 | 10.4 | ▼ 2.1 |
Key figures of Q-top, 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 Q-top?
What happened at Q-top in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.5 million (▲ 38% vs 2024). Source: NBB ↗
- EPIONEON CONSULT BV became a director. NBB
- RoCa Invest II BV stepped down as director. NBB
- RoCa Invest II BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Houthalen-Helchteren. KBO
In short
From € 760,903 profit in 2022 to € 2.5 million profit in 2025.
Paid € 4,283 in corporate taxes since 2022.
Best year ever: 2025, with € 2.5 million profit.
On average € 359,900 of value added per employee in 2025.
Management
The stake of CORILUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Q-topBehind Q-top is EPIONEON CONSULT BV. The shares are held by CORILUS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Franck Frayer
Also active at: Computer Management and Services, CORILUS, RINGPHONE, SOFT 33, Progenda, PRIDIKTIV, RoCa Invest II, EyeFile +3 more
since 2025
Managing director · represented by Franck Frayer, Dirk Van Lerberghe
Also active at: Computer Management and Services, CORILUS, RINGPHONE, SOFT 33, Progenda, PRIDIKTIV, EyeFile, HEALTHCONNECT +1 more
since 2022 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kiezelweg 6
3530 Houthalen-Helchteren
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
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0881.486.906
- VAT number
- BE 0881.486.906
- Registered office
- Kiezelweg 6, 3530 Houthalen-Helchteren
- Names & denominations
- Q-top
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 2006
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- qtop.be
- Activities · NACE
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