Q Factor
Open bankruptcyAre 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, Hasselt division
- Declared bankrupt
- 6 May 2021
- Supervising judge
- Hilde Claes
- Official Gazette
- 17-05-2021 (pdf) ↗search the document for 2021/118639
Deadlines
- Provisional date payments stopped
- 6 May 2021A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 1 June 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 June 2021art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 June 2021Goods 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 6 May 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Thierry BielenHeuvenstraat 50, 3520 Zonhoventhierry.bielen@insolventierecht.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
Embed in an article
Writing about this bankruptcy? Put the card of Q Factor in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
1 signal.
+raises risk
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 Specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2018, micro schema
Equity
-€13,493▲ 38.8%
2017 · -€22,064
Total assets
€448,218▼ 2.7%
2017 · €460,493
Net result
€10,067▼ 46.9%
2017 · €18,963
Working capital
-€111,661▲ 6.3%
2017 · -€119,115
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20142015201620172018
Operating result-€62,761--€53,823▲ 14.2%-€17,738▲ 67.0%-€36,764▼ 107%€27,117
Net result-€27,697--€69,409▼ 151%-€47,759▲ 31.2%€18,963€10,067▼ 46.9%
Equity€26,140--€43,269-€91,028▼ 110%-€22,064▲ 75.8%-€13,493▲ 38.8%
Total assets€487,638-€424,345▼ 13.0%€425,212▲ 0.2%€460,493▲ 8.3%€448,218▼ 2.7%
Debt€461,498-€467,614▲ 1.3%€516,240▲ 10.4%€436,502▼ 15.4%€417,243▼ 4.4%
Working capital€2,534--€78,874-€114,664▼ 45.4%-€119,115▼ 3.9%-€111,661▲ 6.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2018: €27,117 after a loss of €36,764 in 2017, the highest result in the available series.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €448,218
Fixed assets
€434,751 ▼ 3.0%
Current assets
€13,466 ▲ 9.4%
Equity and liabilities
Equity-€13,493
Debt€417,243
Equity is negative: debt (€417,243) exceeds the balance-sheet total (€448,218).
Key figures and ratios
EBITDA
€40,554▲
2017 · -€23,222
Cash flow
€23,504▼
2017 · €32,505
Solvency
-3.0%▲
2017 · -4.8%
Current ratio
0.11▲
2017 · 0.09
ROA
2.2%▼
2017 · 4.1%
Debt ≤ 1 year
€125,127▼
2017 · €131,420
Debt > 1 year
€290,881▼
2017 · €305,081
Income taxes
€499▲
2017 · €313
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,493 | €14,704 | €15,453 | €13,542 | €13,437 | ▼ 0.8% |
| Gross operating margin9900 | -€44,430 | -€5,397 | €3,400 | -€19,527 | €42,804 | ▲ 319% |
| Operating profit (loss)9901 | -€62,761 | -€53,823 | -€17,738 | -€36,764 | €27,117 | ▲ 174% |
| Recurring financial income75 | €2,104 | €1 | - | €71 | - | - |
| Recurring financial charges65 | €26,686 | €26,506 | €23,940 | €37,846 | €19,635 | ▼ 48.1% |
| Profit (loss) for the period before taxes9903 | -€27,473 | -€69,167 | -€47,531 | €65,332 | €7,482 | ▼ 88.5% |
| Income taxes67/77 | €223 | €242 | €228 | €313 | €499 | ▲ 59.5% |
| Profit (loss) for the period9904 | -€27,697 | -€69,409 | -€47,759 | €18,963 | €10,067 | ▼ 46.9% |
| Profit (loss) for the period to be appropriated9905 | -€27,697 | -€69,409 | -€47,759 | -€70,479 | €11,655 | ▲ 117% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €487,638 | €424,345 | €425,212 | €460,493 | €448,218 | ▼ 2.7% |
| Fixed assets21/28 | €435,683 | €422,385 | €412,325 | €448,188 | €434,751 | ▼ 3.0% |
| Tangible fixed assets22/27 | €435,668 | €422,370 | €412,310 | €448,173 | €434,736 | ▼ 3.0% |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €51,955 | €1,960 | €12,887 | €12,305 | €13,466 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €49,613 | €1,825 | €12,610 | €10,826 | €13,363 | ▲ 23.4% |
| Cash at bank and in hand54/58 | €108 | - | - | - | €104 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €487,638 | €424,345 | €425,212 | €460,493 | €448,218 | ▼ 2.7% |
| Equity10/15 | €26,140 | -€43,269 | -€91,028 | -€22,064 | -€13,493 | ▲ 38.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €62,400 | €62,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €91,302 | €88,218 | ▼ 3.4% |
| Profit (loss) carried forward14 | €11,880 | -€57,529 | -€105,288 | -€175,767 | -€164,111 | ▲ 6.6% |
| Provisions and deferred taxes16 | - | - | - | €46,056 | €44,468 | ▼ 3.4% |
| Amounts payable17/49 | €461,498 | €467,614 | €516,240 | €436,502 | €417,243 | ▼ 4.4% |
| Amounts payable after more than one year17 | €410,664 | €384,986 | €387,007 | €305,081 | €290,881 | ▼ 4.7% |
| Amounts payable within one year42/48 | €49,421 | €80,834 | €127,551 | €131,420 | €125,127 | ▼ 4.8% |
| Trade debts44 | €23,814 | €7,607 | €19,641 | €39,703 | €49,429 | ▲ 24.5% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,697 | -€69,409 | -€47,759 | €18,963 | €10,067 | ▼ 46.9% |
| + Depreciation and write-downs630 | €14,493 | €14,704 | €15,453 | €13,542 | €13,437 | ▼ 0.8% |
| Operating cash flow (approximation) | -€13,203 | -€54,705 | -€32,306 | €32,505 | €23,504 | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | -€1,405 | -€5,393 | -€49,405 | €0 | ▲ 100% |
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
2021
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 06-05-2021
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 308 days late
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 624 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 240 days late
30-06
Financial
Back to profitnet €18,963
Net result €18,963 after 3 loss-making years.
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 186 days late
2015
30-06
Financial
Weakest financial yearnet -€69,409
Net result drops to -€69,409, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
27-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
2013
27-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
2012
31-01
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
23-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2009
15-12
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2008
Ground area
385 m²
Building footprint
345 m²
Volume, LiDAR
3,563 m³
2 parcels, Flanders · tallest building 17.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Q FACTOR
since 2008unit no. 2.171.478.325
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0906/00X000 | Flanders | 276 m² | 1 · 266 m² | 17.9 m · 3 fl. |
| 72025B0930/00K004 | Flanders | 109 m² | 1 · 78 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THIERRY BIELEN Heuvenstraat 50, 3520 Zonhoven |
06-05-2021 → present |
Similar companies · same sector and region
Algemene dak-en zinkwerken Erik Goiris
BE 0547.687.734
Genk
Algomos
BE 0695.668.063
Heusden-Zolder
AQUABLOCKERS
BE 0666.871.832
Diepenbeek
BELGIUM POLYUREA
BE 0676.787.311
Hechtel-Eksel
BUVENS GERRIE
BE 0707.549.177
Hasselt
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 369 companies in this sector we hold annual accounts for 207. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded04-06-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43421Specialised construction activities
46180Agents specialised in the wholesale of other particular products
82990Other business support services
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.