Q-CONSTRUCT
InactiveQ-CONSTRUCT was declared bankrupt on 26-09-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 18-07-2025, published in the Belgian State Gazette on 29-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
30-09-2021 close30-04-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 24-06-2021, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
55 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 61 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€66,030▲ 33.2%
2019 · €49,577
Total assets
€121,756▼ 44.1%
2019 · €217,838
Net result
€16,435▼ 54.9%
2019 · €36,447
Working capital
€47,508▼ 69.1%
2019 · €153,734
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€1,360-€48,565▲ 3,470%€20,929▼ 56.9%
Net result€1,025-€36,447▲ 3,457%€16,435▼ 54.9%
Equity€13,130-€49,577▲ 278%€66,030▲ 33.2%
Total assets€14,533-€217,838▲ 1,399%€121,756▼ 44.1%
Debt€1,403-€168,261▲ 11,893%€55,726▼ 66.9%
Working capital€9,129-€153,734▲ 1,584%€47,508▼ 69.1%
Staff (FTE)1.53▲ 100%
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 2020; 2020 is 57% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €121,756
Fixed assets
€18,521 ▲ 107%
Current assets
€103,235 ▼ 50.6%
Equity and liabilities €121,756
Equity
€66,030 ▲ 33.2%
Debt
€55,726 ▼ 66.9%
Debt's share of the balance-sheet total falls from 77.2% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,486▼
2019 · €49,693
Cash flow
€19,992▼
2019 · €37,575
Current ratio
1.85▼
2019 · 3.79
ROE
24.9%▼
2019 · 73.5%
ROA
13.5%▼
2019 · 16.7%
Debt ≤ 1 year
€55,726▲
2019 · €55,154
Income taxes
€4,575▼
2019 · €9,308
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €811 | €1,128 | €3,558 | ▲ 215% |
| Gross operating margin9900 | €2,233 | €81,102 | €103,910 | ▲ 28.1% |
| Operating profit (loss)9901 | €1,360 | €48,565 | €20,929 | ▼ 56.9% |
| Recurring financial income75 | - | - | €0 | - |
| Recurring financial charges65 | €70 | €2,810 | €119 | ▼ 95.8% |
| Profit (loss) for the period before taxes9903 | €1,291 | €45,755 | €21,010 | ▼ 54.1% |
| Income taxes67/77 | €266 | €9,308 | €4,575 | ▼ 50.8% |
| Profit (loss) for the period9904 | €1,025 | €36,447 | €16,435 | ▼ 54.9% |
| Profit (loss) for the period to be appropriated9905 | €1,025 | €36,447 | €16,435 | ▼ 54.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €14,533 | €217,838 | €121,756 | ▼ 44.1% |
| Fixed assets21/28 | €4,001 | €8,950 | €18,521 | ▲ 107% |
| Tangible fixed assets22/27 | €3,001 | €3,930 | €13,501 | ▲ 244% |
| Financial fixed assets28 | €1,000 | €5,020 | €5,020 | = |
| Current assets29/58 | €10,532 | €208,888 | €103,235 | ▼ 50.6% |
| Amounts receivable within one year40/41 | €10,532 | €177,084 | €91,565 | ▼ 48.3% |
| Cash at bank and in hand54/58 | - | €31,804 | €11,670 | ▼ 63.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €14,533 | €217,838 | €121,756 | ▼ 44.1% |
| Equity10/15 | €13,130 | €49,577 | €66,030 | ▲ 33.2% |
| Contributions10/11 | €12,300 | €12,300 | €12,300 | = |
| Reserves13 | €1,025 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€194 | €35,417 | €51,870 | ▲ 46.5% |
| Amounts payable17/49 | €1,403 | €168,261 | €55,726 | ▼ 66.9% |
| Amounts payable within one year42/48 | €1,403 | €55,154 | €55,726 | ▲ 1.0% |
| Trade debts44 | €1,137 | €30,734 | €13,905 | ▼ 54.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,025 | €36,447 | €16,435 | ▼ 54.9% |
| + Depreciation and write-downs630 | €811 | €1,128 | €3,558 | ▲ 215% |
| Operating cash flow (approximation) | €1,835 | €37,575 | €19,992 | ▼ 46.8% |
| Investment in fixed assets (approximation) | - | -€6,076 | -€13,129 | ▼ 116% |
| Change in cash | - | - | -€20,134 | - |
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
2025
29-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 18-07-2025
2023
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 26-09-2023
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
30-09
Financial
Highest result since 2018net €36,447 ▲3,457%
Operating result €48,565, net result €36,447, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
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 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RUTGER BELSACK MARKT 17, 1740 TERNAT- |
26-09-2023 → 18-07-2025 |