HC - Quality
Open bankruptcyA bankruptcy procedure is open for HC - Quality according to publications in the Belgian State Gazette; curator: ALI HEERMAN.
Summary
The 2022 annual accounts show equity of €36,663 and a net result of -€2,916.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 19 September 2023
- Supervising judge
- Dirk Van Schil
- Official Gazette
- 25-09-2023 (pdf) ↗search the document for 2023/134803
Deadlines
- Provisional date payments stopped
- 19 September 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 10 October 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 19 October 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 24 October 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 19 September 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Ali HeermanCitadellaan 12, 9000 Gentadvocatenkantoor.heerman@skynet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 28-10-2022, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
3 d early
2021
16 d late
2020
10 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€36,663▼ 7.4%
2021 · €39,579
Total assets
€287,453▲ 5.1%
2021 · €273,395
Net result
-€2,916
2021 · €70
Working capital
€10,155▼ 7.7%
2021 · €10,997
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€18,240-€17,166▼ 5.9%-€1,174-€2,561▼ 118%
Net result€14,001-€13,043within the sector's middle half▼ 6.8%€70below the sector's middle half▼ 99.5%-€2,916below the sector's middle half
Equity€26,466-€39,509within the sector's middle half▲ 49.3%€39,579within the sector's middle half▲ 0.2%€36,663within the sector's middle half▼ 7.4%
Total assets€249,053-€320,357within the sector's middle half▲ 28.6%€273,395within the sector's middle half▼ 14.7%€287,453within the sector's middle half▲ 5.1%
Debt€222,587-€280,848▲ 26.2%€233,816▼ 16.7%€250,790▲ 7.3%
Working capital€26,466-€31,980within the sector's middle half▲ 20.8%€10,997within the sector's middle half▼ 65.6%€10,155within the sector's middle half▼ 7.7%
Solvency10.6%-12.3%below the sector's middle half▲ 1.7pp14.5%below the sector's middle half▲ 2.1pp12.8%below the sector's middle half▼ 1.7pp
Current ratio1.12-1.12within the sector's middle half=1.05within the sector's middle half▼ 0.071.04below the sector's middle half▼ 0.01
Return on assets (ROA)5.6%-4.1%within the sector's middle half▼ 1.6pp0.0%below the sector's middle half▼ 4.0pp-1.0%below the sector's middle half▼ 1.0pp
Staff (FTE)16.7-17.9above the sector's middle half▲ 7.2%11.8▼ 34.1%5.8▼ 50.8%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,561 in 2022 against €1,174 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €287,453
Fixed assets
€26,508 ▼ 22.0%
Current assets
€260,945 ▲ 9.0%
Equity and liabilities €287,453
Equity
€36,663 ▼ 7.4%
Debt
€250,790 ▲ 7.3%
Debt's share of the balance-sheet total rises from 85.5% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,927▼
2021 · €5,742
Cash flow
€4,572▼
2021 · €6,986
Debt to equity
6.84▲
2021 · 0.13
ROE
-8.0%▼
2021 · 0.2%
Interest coverage
4.51
Debt ≤ 1 year
€250,790▲
2021 · €228,402
Staff costs
€109,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €109,176 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,662 | €6,916 | €7,488 | ▲ 8.3% |
| Other operating charges640/8 | - | - | - | €3,233 | - |
| Gross operating margin9900 | €577,647 | €656,953 | €422,265 | €117,337 | ▼ 72.2% |
| Operating profit (loss)9901 | €18,240 | €17,166 | -€1,174 | -€2,561 | ▼ 118% |
| Financial income75/76B | - | - | - | €738 | - |
| Recurring financial income75 | €0 | €2,582 | €2,026 | €738 | ▼ 63.6% |
| Financial charges65/66B | - | - | - | €1,093 | - |
| Recurring financial charges65 | €327 | €2,609 | €405 | €1,093 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €17,914 | €17,140 | €447 | -€2,916 | ▼ 752% |
| Income taxes67/77 | €3,913 | €4,097 | €377 | - | - |
| Profit (loss) for the period9904 | €14,001 | €13,043 | €70 | -€2,916 | ▼ 4,245% |
| Profit (loss) for the period to be appropriated9905 | €14,001 | €13,043 | €70 | -€2,916 | ▼ 4,245% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €249,053 | €320,357 | €273,395 | €287,453 | ▲ 5.1% |
| Fixed assets21/28 | - | €22,648 | €33,996 | €26,508 | ▼ 22.0% |
| Tangible fixed assets22/27 | - | €22,648 | €33,996 | €26,508 | ▼ 22.0% |
| Land and buildings22 | - | - | - | €15,184 | - |
| Furniture and vehicles24 | - | - | - | €11,324 | - |
| Current assets29/58 | €249,053 | €297,709 | €239,399 | €260,945 | ▲ 9.0% |
| Amounts receivable after more than one year29 | - | - | - | €121,000 | - |
| Other amounts receivable291 | - | - | - | €121,000 | - |
| Amounts receivable within one year40/41 | €43,666 | €155,234 | €100,958 | €136,945 | ▲ 35.6% |
| Trade receivables40 | - | - | - | €38,473 | - |
| Other amounts receivable41 | - | - | - | €98,472 | - |
| Cash at bank and in hand54/58 | €102,387 | €39,475 | €14,441 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,000 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €249,053 | €320,357 | €273,395 | €287,453 | ▲ 5.1% |
| Equity10/15 | €26,466 | €39,509 | €39,579 | €36,663 | ▼ 7.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | €6,200 | - |
| Reserves13 | €14,066 | €27,109 | €27,179 | €24,263 | ▼ 10.7% |
| Non-distributable reserves130/1 | - | - | - | €1,418 | - |
| Legal reserve130 | - | - | - | €1,418 | - |
| Distributable reserves133 | - | - | - | €22,845 | - |
| Profit (loss) carried forward14 | -€864 | €60 | - | - | - |
| Amounts payable17/49 | €222,587 | €280,848 | €233,816 | €250,790 | ▲ 7.3% |
| Amounts payable after more than one year17 | - | €15,120 | €5,067 | - | - |
| Amounts payable within one year42/48 | €222,587 | €265,729 | €228,402 | €250,790 | ▲ 9.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,775 | - |
| Financial debts43 | - | - | - | €51 | - |
| Credit institutions430/8 | - | - | - | €51 | - |
| Trade debts44 | €81,671 | €156,353 | €140,950 | €147,835 | ▲ 4.9% |
| Suppliers440/4 | - | - | - | €147,835 | - |
| Advances received on contracts in progress46 | - | - | - | €46,553 | - |
| Taxes, remuneration and social security45 | - | - | - | €43,571 | - |
| Taxes450/3 | - | - | - | €32,941 | - |
| Remuneration and social security454/9 | - | - | - | €10,630 | - |
| Other amounts payable47/48 | - | - | - | €6,006 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,001 | €13,043 | €70 | -€2,916 | ▼ 4,245% |
| + Depreciation and write-downs630 | - | €5,662 | €6,916 | €7,488 | ▲ 8.3% |
| Operating cash flow (approximation) | €14,001 | €18,705 | €6,986 | €4,572 | ▼ 34.6% |
| Investment in fixed assets (approximation) | - | - | -€18,264 | €0 | ▲ 100% |
| Change in cash | - | -€62,912 | -€25,034 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
25-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 19-09-2023
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€2,916
Net result drops to -€2,916, the lowest in the series.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2015
Ground area
1,488 m²
Building footprint
151 m²
Volume, LiDAR
711 m³
Parcel 44432C0584/00V000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
HC - Quality
since 20152.242.515.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0584/00V000 | Flanders | 1,488 m² | 1 · 151 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALI HEERMAN CITADELLAAN 12, 9000 GENT- |
19-09-2023 → present |
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 36,070 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-04-2015
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.