Q PROJECTS
InactiveQ PROJECTS was declared bankrupt on 19-02-2024 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 30-03-2026, published in the Belgian State Gazette on 08-04-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
85 d late
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-3k▲ 87.1%
2021 · €-25k
2018: €28k
2019: €13k
2020: €27k
2021: €-25k
2018 → 2022
Total assets
€121k▼ 12.1%
2021 · €138k
2018: €122k
2019: €80k
2020: €93k
2021: €138k
2018 → 2022
Net result
€22k
2021 · €-52k
2018: €-34k
2019: €-15k
2020: €13k
2021: €-52k
2018 → 2022
Working capital
€61k▲ 32.2%
2021 · €46k
2018: €-11k
2019: €-13k
2020: €22k
2021: €46k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€28k-€13k▼ 52.9%€27k▲ 102%€-25k€-3k▲ 87.1%
Operating result€-31k-€-10k▲ 66.6%€14k€-38k€25k
Net result€-34k-€-15k▲ 56.3%€13k€-52k€22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €25k after a loss of €38k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €121k
Fixed assets
€1k▼ 54.8%
Current assets
€120k▼ 11.1%
Key figures and ratios
EBITDA
€27k▲
2021 · €-37k
Cash flow
€24k▲
2021 · €-50k
Solvency
-2.7%▲
2021 · -18.5%
Current ratio
2.04▲
2021 · 1.52
Quick ratio
2.04▲
2021 · 1.52
Debt / equity
-38.05▼
2021 · -6.42
ROA
18.3%▲
2021 · -37.8%
Interest coverage
9.88▲
2021 · -8.32
Debt
€124k▼
2021 · €163k
Debt ≤ 1 year
€58k▼
2021 · €88k
Debt > 1 year
€66k▼
2021 · €75k
Income taxes
€382▼
2021 · €9k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€138k€121k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€1k€510▼
Other tangible fixed assets26€2k€924▼
Current assets29/58€135k€120k▼
Amounts receivable within one year40/41€131k€119k▼
Trade receivables40€44k€25k▼
Other amounts receivable41€87k€95k▲
Cash at bank and in hand54/58€34€283▲
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€138k€121k▼
Equity10/15€-25k€-3k▲
Contributions10/11€19k€19k=
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-55k€-33k▲
Amounts payable17/49€163k€124k▼
Amounts payable after more than one year17€75k€66k▼
Financial debts170/4€75k€66k▼
Amounts payable within one year42/48€88k€58k▼
Current portion of amounts payable after more than one year42€9k€9k=
Trade debts44€484€700▲
Suppliers440/4€484€700▲
Advances received on contracts in progress46€54k€29k▼
Taxes, remuneration and social security45€25k€8k▼
Taxes450/3€25k€8k▼
Other amounts payable47/48-€11k
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€176€2k▲
Non-recurring operating charges66A€88k-
Gross operating margin9900€51k€29k▼
Operating profit (loss)9901€-38k€25k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-43k€23k▲
Income taxes67/77€9k€382▼
Profit (loss) for the period9904€-52k€22k▲
Profit (loss) for the period to be appropriated9905€-52k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-33k▲
Profit (loss) brought forward from the previous period14P€-4k€-55k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · Q PROJECTS BVBA EDGAR TINELLAAN 8, 2820 BONHEIDEN · event 30-03-2026
2024
23-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · Q PROJECTS BVBA EDGAR TINELLAAN 8, 2820 BONHEIDEN · event 19-02-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Weakest financial yearnet €-52k ▼487%
Net result drops to €-52k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | GERRY VERSCHUREN BLEEKSTRAAT 11,
2800 MECHELEN |
19-02-2024 → present |