Queaso
The content of this factsheet is in Dutch.
Queaso is een softwarebureau uit Destelbergen. De dienstverlening draait om webdevelopment. Tot de publiek bekende klanten behoren ArcelorMittal, Vlaamse Overheid, Belfius en BNP Paribas.
Per-head and per-hour figures say too little here: too few people are on the payroll. This factsheet therefore shows growth, profitability and balance sheet.
How this agency makes money
Revenue, margin and what an hour of work brings in. Everything on the earning side sits together here.
Can the agency take a hit
Buffer, cash position and payment behaviour side by side, so you can see where they disagree.
Signals and strengths
Events from the CBE and the Official Gazette over the past 24 months, plus positive markers derived from the figures.
Continuity
3 red flag(s) (24m)- Sharp drop in equity · 31 Dec 2024 · NBBThe financial reserve shrank by more than 30% over two financial years. Watch whether the trend continues.
- Two consecutive loss-making years · 31 Dec 2024 · NBBThe agency closed two financial years in a row at a loss. That is structural and weighs heavier than a single bad year.
- Negative equity · 31 Dec 2024 · NBBDebts exceed assets. A serious signal: the agency is running on other people's credit.
- Critical buffer · 31 Dec 2024 · NBBEquity covers less than one month of payroll. Very little reserve to absorb a setback.
- Late filing · 28 Aug 2024 · NBBThe annual accounts were filed after the statutory deadline. Over a third of the sector does this; rarely alarming in itself.
What this agency does well
- Comfortable cash position: 77 days of payroll
All the figures
Reference material, not a starting point. Expand it if you want to read the series yourself.
4 financial years, 2021 to 2024Result, staff and balance sheet
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Result | ||||
| Gross margin | € 744.000 | € 907.034+21,9% | € 644.790-28,9% | € 834.220+29,4% |
| EBITDA | € 142.000 | € 74.899 | € -232.751 | € 4.892 |
| EBITDA margin | 19,1% | 8,3% | -36,1% | 0,6% |
| Staff | ||||
| FTE | 10,1 | 11,8+16,8% | - | - |
| Gross margin per FTE | € 73.663 | € 76.867 | - | - |
| Payroll cost per FTE | € 58.713 | € 68.087 | - | - |
| Balance sheet | ||||
| Equity | € 23.000 | € 52.938 | € -228.175 | € -231.467 |
| Cash | - | € 83.192 | € 109.584 | € 169.926 |
| Liquidity ratio | - | 1,20 | 0,44 | 0,62 |
Payroll cost per FTE comes from the social report where available, otherwise from the Remuneration line. Both are gross costs including employer contributions.
What this factsheet does not know
- How good the work is. Figures do not measure creativity, strategy or chemistry.
- How the client portfolio is spread. Concentration is not in the accounts.
- Freelancers and subcontractors are not in the FTE figures. An agency with 40 staff may in practice run with 70 people.
- This agency files an abbreviated or micro scheme and therefore publishes no staff data. Seniority, turnover and hourly level cannot be derived. This is entirely legal and says nothing about quality.
- The figures cover financial year 2024, filed on 14/04/2025. At a fast-moving agency reality today may differ.
Based on publicly filed annual accounts (NBB) and official records (CBE, Belgian Official Gazette). An indication, not financial advice. Sector medians calculated on 27 Jul 2026. Sector medians based on financial year 2024: the last year for which nearly all accounts have been filed.
What the agency actually does 1 services
Sector focus
Grote en middelgrote ondernemingen; overheid, banken/verzekeringen, industrie, energie, zorg
Publicly known clients
Based on IKAg research and public sources. Incomplete or outdated? Let us know.
People 7 people mapped
This is first a build crew — 4 of 7 are developers. A specialist, not a generalist: the expertise is narrow but deep.
Based on public profiles. Something wrong? Let us know.