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Q.D.E.

Open bankruptcy
Private limited company (pre-2019)founded 2002Nieuwmoer-Dorp (Nm) 24, 2920 Kalmthout, BelgiumKBO/BCE: BE 0478.278.789

A bankruptcy procedure is open for Q.D.E. according to publications in the Belgian State Gazette; curator: KLAAS KOENTGES.

Summary

The file additionally contains 1 interim measure. The 2023 annual accounts show equity of €1.4m and a net result of €5,813.

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 Antwerp, Antwerp division
Declared bankrupt
15 January 2026
Supervising judge
Pascal De Clippel
Official Gazette
22-01-2026 (pdf) ↗search the document for 2026/102362

Deadlines

Provisional date payments stopped
15 January 2026A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 6 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 14 February 2026art. XX.104 and XX.155 CEL
First verification report
passed on 13 March 2026Goods 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
15 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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

Two signals.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 September 2002, Q.D.E. was incorporated.1 Total assets went from EUR 3.6 million in 2018 to EUR 5 million in 2023.2 The company was declared bankrupt on 15 January 2026.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023
  3. 3Belgian State Gazette, 22-01-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, micro schema

Equity
€1.4m▲ 0.4%
2022 · €1.4m
Total assets
€5.0m▼ 9.6%
2022 · €5.5m
Net result
€5,813
2022 · -€49,320
Working capital
€916,866▼ 6.5%
2022 · €980,396
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Operating result€559,946▲ 115%€306,242▼ 45.3%€9,555▼ 96.9%-€85,315-€25,947▲ 69.6%
Net result€431,180▲ 169%€188,201above the sector's middle half▼ 56.4%-€30,831below the sector's middle half-€49,320below the sector's middle half▼ 60.0%€5,813within the sector's middle half
Equity€854,886▲ 102%€1.0mabove the sector's middle half▲ 22.0%€1.0mabove the sector's middle half▼ 3.0%€1.4mabove the sector's middle half▲ 34.4%€1.4mabove the sector's middle half▲ 0.4%
Total assets€4.2m▲ 16.3%€4.6mabove the sector's middle half▲ 9.0%€5.5mabove the sector's middle half▲ 20.6%€5.5mabove the sector's middle half▼ 0.3%€5.0mabove the sector's middle half▼ 9.6%
Debt€3.4m▲ 4.9%€3.5m▲ 5.7%€4.5m▲ 27.5%€4.0m▼ 11.0%€3.5m▼ 13.3%
Working capital-€12,571▲ 96.8%€79,014within the sector's middle half€310,959above the sector's middle half▲ 294%€980,396above the sector's middle half▲ 215%€916,866above the sector's middle half▼ 6.5%
Solvency20.3%▲ 8.6pp22.7%within the sector's middle half▲ 2.4pp18.3%below the sector's middle half▼ 4.4pp24.7%within the sector's middle half▲ 6.4pp27.4%within the sector's middle half▲ 2.7pp
Current ratio1.00▲ 0.161.03within the sector's middle half▲ 0.031.08within the sector's middle half▲ 0.061.28within the sector's middle half▲ 0.191.30within the sector's middle half▲ 0.02
Return on assets (ROA)10.2%▲ 5.8pp4.1%within the sector's middle half▼ 6.1pp-0.6%below the sector's middle half▼ 4.7pp-0.9%below the sector's middle half▼ 0.3pp0.1%within the sector's middle half▲ 1.0pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2019 Net result +169% on 2018. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2019: €559,946€559,946Net result 2019: €431,180€431,180Operating result 2020: €306,242€306,242Net result 2020: €188,201€188,201Operating result 2021: €9,555€9,555Net result 2021: -€30,831-€30,831Operating result 2022: -€85,315-€85,315Net result 2022: -€49,320-€49,320Operating result 2023: -€25,947-€25,947Net result 2023: €5,813€5,81320192020202120222023-€100,000-€75,000-€50,000-€25,000€0Operating result 2021: €9,555€9,560Net result 2021: -€30,831-€30,800Operating result 2022: -€85,315-€85,300Net result 2022: -€49,320-€49,300Operating result 2023: -€25,947-€25,900Net result 2023: €5,813€5,810202120222023
The operating result stays negative: a loss of €25,947 in 2023 against €85,315 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5.0m
Fixed assets €995,221 =
Current assets €4.0m ▼ 11.7%
Equity and liabilities €5.0m
Equity €1.4m ▲ 0.4%
Provisions €132,442 =
Debt €3.5m ▼ 13.3%
Debt's share of the balance-sheet total falls from 72.9% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
Debt to equity
2.56▼
2022 · 2.96
ROE
0.4%▲
2022 · -3.6%
Debt ≤ 1 year
€3.1m▼
2022 · €3.5m
Debt > 1 year
€413,571▼
2022 · €482,914
Income taxes
-€61,000▼
2022 · -€9,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet Code20222023
Assets
Total assets20/58€5.5m€5.0m▼
Fixed assets21/28€995,221€995,221=
Financial fixed assets28€995,221€995,221=
Current assets29/58€4.5m€4.0m▼
Amounts receivable after more than one year29€2.7m€2.8m▲
Other amounts receivable291€2.7m€2.8m▲
Amounts receivable within one year40/41€1.3m€1.2m▼
Trade receivables40€112,705€128,435▲
Other amounts receivable41€1.2m€1.0m▼
Cash at bank and in hand54/58€545,655€5,713▼
Equity and liabilities
Total equity and liabilities10/49€5.5m€5.0m▼
Equity10/15€1.4m€1.4m▲
Contributions10/11€41,954€41,954=
Outside capital11€41,954€41,954=
Other1109/19€41,954€41,954=
Reserves13€1.2m€1.2m=
Non-distributable reserves130/1€4,448€4,448=
Reserves not available under the articles1311€4,448€4,448=
Tax-exempt reserves132€412,109€412,109=
Distributable reserves133€747,423€747,423=
Profit (loss) carried forward14€154,326€160,140▲
Provisions and deferred taxes16€132,442€132,442=
Deferred taxes168€132,442€132,442=
Amounts payable17/49€4.0m€3.5m▼
Amounts payable after more than one year17€482,914€413,571▼
Financial debts170/4€482,914€413,571▼
Amounts payable within one year42/48€3.5m€3.1m▼
Current portion of amounts payable after more than one year42€69,342€72,418▲
Financial debts43€1.0m€525,000▼
Credit institutions430/8€1.0m€525,000▼
Trade debts44€354,640€353,096▼
Suppliers440/4€354,640€353,096▼
Other amounts payable47/48€2.1m€2.1m▲
Income statement Code20222023
Other operating charges640/8€7,024€17,194▲
Gross operating margin9900-€78,291-€8,753▲
Operating profit (loss)9901-€85,315-€25,947▲
Financial income75/76B€52,449€36,966▼
Recurring financial income75€52,449€36,966▼
Financial charges65/66B€25,558€66,206▲
Recurring financial charges65€25,558€66,206▲
Profit (loss) for the period before taxes9903-€58,424-€55,187▲
Income taxes67/77-€9,103-€61,000▼
Profit (loss) for the period9904-€49,320€5,813▲
Profit (loss) for the period to be appropriated9905-€49,320€5,813▲
Appropriation of the result
Profit (loss) to be appropriated9906€154,326€160,140▲
Profit (loss) brought forward from the previous period14P€203,647€154,326▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,730€15,152€15,949---
Other operating charges640/8--€6,104€7,024€17,194▲ 145%
Gross operating margin9900€593,745€333,561€31,609-€78,291-€8,753▲ 88.8%
Operating profit (loss)9901€559,946€306,242€9,555-€85,315-€25,947▲ 69.6%
Financial income75/76B--€29,043€52,449€36,966▼ 29.5%
Recurring financial income75€100,560€29,000€29,043€52,449€36,966▼ 29.5%
Financial charges65/66B--€22,533€25,558€66,206▲ 159%
Recurring financial charges65€21,827€23,244€22,533€25,558€66,206▲ 159%
Profit (loss) for the period before taxes9903€638,680€311,998€16,066-€58,424-€55,187▲ 5.5%
Income taxes67/77€207,500€123,797€46,897-€9,103-€61,000▼ 570%
Profit (loss) for the period9904€431,180€188,201-€30,831-€49,320€5,813▲ 112%
Profit (loss) for the period to be appropriated9905€431,180€188,201-€30,831-€49,320€5,813▲ 112%
Line20192020202120222023Change
Assets
Total assets20/58€4.2m€4.6m€5.5m€5.5m€5.0m▼ 9.6%
Fixed assets21/28€1.6m€1.6m€1.6m€995,221€995,221=
Tangible fixed assets22/27€563,181€590,454€558,333---
Land and buildings22--€558,333---
Financial fixed assets28€995,221€995,221€995,221€995,221€995,221=
Current assets29/58€2.7m€3.0m€4.0m€4.5m€4.0m▼ 11.7%
Amounts receivable after more than one year29--€2.2m€2.7m€2.8m▲ 5.3%
Other amounts receivable291--€2.2m€2.7m€2.8m▲ 5.3%
Amounts receivable within one year40/41€1.4m€1.2m€1.4m€1.3m€1.2m▼ 9.9%
Trade receivables40--€64,520€112,705€128,435▲ 14.0%
Other amounts receivable41--€1.4m€1.2m€1.0m▼ 12.2%
Cash at bank and in hand54/58€175,350€306,001€321,456€545,655€5,713▼ 99.0%
Equity and liabilities
Total equity and liabilities10/49€4.2m€4.6m€5.5m€5.5m€5.0m▼ 9.6%
Equity10/15€854,886€1.0m€1.0m€1.4m€1.4m▲ 0.4%
Contributions10/11€41,954-€41,954€41,954€41,954=
Outside capital11--€41,954€41,954€41,954=
Other1109/19--€41,954€41,954€41,954=
Reserves13€586,656€766,656€766,656€1.2m€1.2m=
Non-distributable reserves130/1--€4,448€4,448€4,448=
Reserves not available under the articles1311--€4,448€4,448€4,448=
Tax-exempt reserves132--€14,785€412,109€412,109=
Distributable reserves133--€747,423€747,423€747,423=
Profit (loss) carried forward14€226,277€234,478€203,647€154,326€160,140▲ 3.8%
Provisions and deferred taxes16---€132,442€132,442=
Deferred taxes168---€132,442€132,442=
Amounts payable17/49€3.4m€3.5m€4.5m€4.0m€3.5m▼ 13.3%
Amounts payable after more than one year17€690,944€621,601€852,256€482,914€413,571▼ 14.4%
Financial debts170/4--€852,256€482,914€413,571▼ 14.4%
Amounts payable within one year42/48€2.7m€2.9m€3.7m€3.5m€3.1m▼ 13.1%
Current portion of amounts payable after more than one year42--€69,345€69,342€72,418▲ 4.4%
Financial debts43--€1.0m€1.0m€525,000▼ 47.5%
Credit institutions430/8--€1.0m€1.0m€525,000▼ 47.5%
Trade debts44€13,376€34,931€360,397€354,640€353,096▼ 0.4%
Suppliers440/4--€360,397€354,640€353,096▼ 0.4%
Taxes, remuneration and social security45--€116,594---
Taxes450/3--€116,594---
Other amounts payable47/48--€2.1m€2.1m€2.1m▲ 0.4%
Line20192020202120222023Change
Profit (loss) for the period9904€431,180€188,201-€30,831-€49,320€5,813▲ 112%
+ Depreciation and write-downs630€27,730€15,152€15,949---
Operating cash flow (approximation)€458,910€203,353-€14,882-€49,320€5,813▲ 112%
Investment in fixed assets (approximation)--€42,424€16,171€558,333€0▼ 100%
Change in cash-€130,651€15,455€224,200-€539,943▼ 341%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
22-01
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-01-2026
2025
15-12
Interim measure Provisional administrator
Ondernemingsrechtbank Antwerpen · KLAAS KOENTGES
06-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 310 days late
2024
19-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 416 days late
2023
31-12
Financial Back to profitnet €5,813
Net result €5,813 after 2 loss-making years.
13-11
State Gazette act General meeting · Auditor reappointment
Director reappointment · Permanent representative
13-11
State Gazette act General meeting · Auditor reappointment
Director reappointment · Permanent representative
2022
31-12
Financial Weakest financial yearnet -€49,320
Net result drops to -€49,320, the lowest in the series.
21-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial Equity above €1mEq €1.0m ▲22%
3 profitable years in a row build equity to €1.0m.
28-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
Show earlier events
22-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 175 days late
2019
31-12
Financial Highest result since 2018net €431,180 ▲169%
Operating result €559,946, net result €431,180, both a record.
31-12
Financial Equity above €500,000Eq €854,886 ▲102%
2 profitable years in a row build equity to €854,886.
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
03-08
State Gazette act General meeting · Director resignation
Director discharge · Director appointment
19-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 172 days late
2017
31-08
State Gazette act General meeting · Director resignation
Director appointment · Permanent representative
31-08
State Gazette act General meeting · Director resignation
Director appointment · Permanent representative
2016
28-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
SignalFinancial milestoneState Gazette actNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Kalmthout · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
536 m²
Building footprint
260 m²
Volume, LiDAR
1,292 m³
Parcel 11662C0567/00F000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwmoer-Dorp (Nm) 24, 2920 Kalmthout
NACE 7414101
since 20022.114.524.576
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11662C0567/00F000 Flanders 536 m² 1 · 260 m² 10.5 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

2 mandates
Role Name Tenure
Curator KLAAS KOENTGES
BROEDERMINSTRAAT 9, 2018 ANTWERPEN 1
15-01-2026 → present
Interim administrator KLAAS KOENTGES 15-12-2025 → present

Structure & network

Owners and holdings

4 holdings

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 4

Stated earlier (2)

An older source named these holdings; newer accounts no longer list them.

According to the 2023 annual accounts of Q.D.E. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Q.E.D.
Shared director
→
Q.E.D. BVBA
Shared director
→

Ownership & control

2 board mandates
Board mandates of this companythis company sits on their board2

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 2,566 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)
Founded06-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
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 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.