NEW QUALITY
Open bankruptcyA bankruptcy procedure is open for NEW QUALITY according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline20-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-11-2022, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
109 d late
2020
86 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€415k
EBIT margin
0.3%
Net result
€1k▼ 91.9%
2020 · €13k
2019: €8k
2020: €13k
2019 → 2021
Working capital
€14k▼ 47.3%
2020 · €27k
2019: €24k
2020: €27k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€415k
Equity€24k-€37k▲ 54.4%€41k▲ 10.2%
Operating result€8k-€13k▲ 62.6%€1k▼ 91.3%
Net result€8k-€13k▲ 62.5%€1k▼ 91.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 91% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €106k
Fixed assets
€27k▲ 157%
Current assets
€80k▲ 50.0%
Equity and liabilities €106k
Equity
€41k▲ 10.2%
Debt
€66k▲ 147%
The debt ratio rises from 41.9% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k
Cash flow
€6k
Solvency
38.2%▼
2020 · 58.1%
Current ratio
1.21▼
2020 · 1.99
Quick ratio
0.74▼
2020 · 0.87
Debt / equity
1.62
ROE
2.6%▼
2020 · 35.2%
ROA
1.0%▼
2020 · 20.5%
Interest coverage
73.16
Debt
€66k▲
2020 · €27k
Debt ≤ 1 year
€66k▲
2020 · €27k
Staff costs
€187k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€64k€106k▲
Fixed assets21/28€10k€27k▲
Tangible fixed assets22/27€10k€27k▲
Plant, machinery and equipment23-€27k
Current assets29/58€53k€80k▲
Stocks and contracts in progress3€30k€31k▲
Stocks30/36-€31k
Amounts receivable within one year40/41€8k€32k▲
Trade receivables40-€32k
Cash at bank and in hand54/58€15k€17k▲
Equity and liabilities
Total equity and liabilities10/49€64k€106k▲
Equity10/15€37k€41k▲
Contributions10/11€16k€19k▲
Reserves13€400€400=
Non-distributable reserves130/1-€400
Reserves not available under the articles1311-€400
Profit (loss) carried forward14€21k€22k▲
Amounts payable17/49€27k€66k▲
Amounts payable within one year42/48€27k€66k▲
Taxes, remuneration and social security45-€52k
Taxes450/3-€14k
Remuneration and social security454/9-€38k
Other amounts payable47/48-€14k
Income statement
Code20202021
Turnover70-€415k
Goods, raw materials, services and sundry goods60/61-€219k
Remuneration, social security and pensions62-€187k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5k
Other operating charges640/8-€3k
Gross operating margin9900€13k€197k▲
Operating profit (loss)9901€13k€1k▼
Financial charges65/66B-€80
Recurring financial charges65€10€80▲
Profit (loss) for the period before taxes9903€13k€1k▼
Profit (loss) for the period9904€13k€1k▼
Profit (loss) for the period to be appropriated9905€13k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€22k
Profit (loss) brought forward from the previous period14P-€21k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · NEW QUALITY BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 18-04-2023
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-12
Financial
Weakest financial yearnet €1k ▼91.9%
Net result drops to €1k, the lowest in the series.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Highest result since 2019net €13k ▲62.5%
Operating result €13k, net result €13k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS LUCHTHAVENLAAN 27 BUS 38,
1800 VILVOORDE |
18-04-2023 → present |