Q1
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-08-2022, 10 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 · 6 filingsDeviation from the deadline
2021
10 d late
2021
1 d early
2020
73 d late
2019
on the day
2018
22 d early
2017
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 5 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
-€62,533▲ 13.8%
2021 · -€72,565
Total assets
€442,336▼ 4.6%
2021 · €463,861
Net result
€10,033
2021 · -€117,501
Working capital
€24,766▲ 303%
2021 · €6,147
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
Line20182019202020212021
Operating result-€16,635-€47,597€3,352▼ 93.0%-€108,815€11,394-
Net result-€18,782-€51,314€5,017▼ 90.2%-€117,501€10,033-
Equity-€11,395-€39,919€44,936▲ 12.6%-€72,565-€62,533-
Total assets€47,258-€277,218▲ 487%€490,209▲ 76.8%€463,861▼ 5.4%€442,336-
Debt€58,653-€237,298▲ 305%€445,273▲ 87.6%€536,426▲ 20.5%€504,868-
Working capital-€19,500-€102,368€106,311▲ 3.9%€6,147▼ 94.2%€24,766-
Staff (FTE)0.72.1▲ 200%3-
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2021 in colour, 2021 as the grey bar beneath
Assets €442,336
Fixed assets
€81,139 ▼ 9.2%
Current assets
€361,197 ▼ 3.5%
Key figures and ratios
EBITDA
€19,626▲
2021 · -€75,922
Cash flow
€18,265▲
2021 · -€84,609
Solvency
-14.1%▲
2021 · -15.6%
Current ratio
1.07▲
2021 · 1.02
Quick ratio
1.01▲
2021 · 0.90
Debt to equity
-8.07▼
2021 · -7.39
ROA
2.3%▲
2021 · -25.3%
Interest coverage
13.75▲
2021 · -7.27
Debt ≤ 1 year
€336,431▼
2021 · €368,343
Debt > 1 year
€157,818=
2021 · €157,818
Income taxes
€142▼
2021 · €401
Staff costs
€38,580▼
2021 · €142,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €142,951 | €38,580 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €432 | €23,958 | €27,411 | €32,892 | €8,232 | - |
| Other operating charges640/8 | - | - | - | €4,248 | €1,382 | - |
| Gross operating margin9900 | -€13,363 | €75,089 | €80,768 | €71,276 | €59,588 | - |
| Operating profit (loss)9901 | -€16,635 | €47,597 | €3,352 | -€108,815 | €11,394 | - |
| Financial income75/76B | - | - | - | €5,564 | €209 | - |
| Recurring financial income75 | - | €5,490 | €4,639 | €5,564 | €209 | - |
| Financial charges65/66B | - | - | - | €13,850 | €1,427 | - |
| Recurring financial charges65 | €2,147 | €1,764 | €2,819 | €10,440 | €1,427 | - |
| Non-recurring financial charges66B | - | - | - | €3,410 | - | - |
| Profit (loss) for the period before taxes9903 | -€18,782 | €51,323 | €5,172 | -€117,101 | €10,175 | - |
| Income taxes67/77 | - | €9 | €155 | €401 | €142 | - |
| Profit (loss) for the period9904 | -€18,782 | €51,314 | €5,017 | -€117,501 | €10,033 | - |
| Profit (loss) for the period to be appropriated9905 | -€18,782 | €51,314 | €5,017 | -€117,501 | €10,033 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,258 | €277,218 | €490,209 | €463,861 | €442,336 | - |
| Fixed assets21/28 | €8,915 | €83,306 | €109,992 | €89,371 | €81,139 | - |
| Tangible fixed assets22/27 | €8,915 | €83,301 | €109,987 | €89,366 | €81,134 | - |
| Other tangible fixed assets26 | - | - | - | €89,366 | €81,134 | - |
| Financial fixed assets28 | - | €5 | €5 | €5 | €5 | - |
| Current assets29/58 | €38,343 | €193,912 | €380,217 | €374,490 | €361,197 | - |
| Amounts receivable after more than one year29 | - | - | - | €15,000 | €15,000 | - |
| Other amounts receivable291 | - | - | - | €15,000 | €15,000 | - |
| Stocks and contracts in progress3 | - | €9,083 | €7,694 | €42,718 | €21,329 | - |
| Stocks30/36 | - | - | - | €42,718 | €21,329 | - |
| Amounts receivable within one year40/41 | €1,682 | €134,312 | €295,613 | €297,841 | €293,622 | - |
| Trade receivables40 | - | - | - | €148,828 | €134,219 | - |
| Other amounts receivable41 | - | - | - | €149,014 | €159,403 | - |
| Cash at bank and in hand54/58 | €36,168 | €44,575 | €36,852 | €11,904 | €30,424 | - |
| Deferred charges and accrued income490/1 | - | - | - | €7,026 | €822 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,258 | €277,218 | €490,209 | €463,861 | €442,336 | - |
| Equity10/15 | -€11,395 | €39,919 | €44,936 | -€72,565 | -€62,533 | - |
| Contributions10/11 | €58,600 | €58,600 | - | €58,600 | €58,600 | - |
| Profit (loss) carried forward14 | -€69,995 | -€18,681 | -€13,664 | -€131,165 | -€121,133 | - |
| Amounts payable17/49 | €58,653 | €237,298 | €445,273 | €536,426 | €504,868 | - |
| Amounts payable after more than one year17 | - | €53,169 | €66,506 | €157,818 | €157,818 | - |
| Trade debts175 | - | - | - | €40,500 | €40,500 | - |
| Other amounts payable178/9 | - | - | - | €117,318 | €117,318 | - |
| Amounts payable within one year42/48 | €57,843 | €91,544 | €273,906 | €368,343 | €336,431 | - |
| Trade debts44 | €5,777 | €84,999 | €240,592 | €312,213 | €290,498 | - |
| Suppliers440/4 | - | - | - | €312,213 | €290,498 | - |
| Taxes, remuneration and social security45 | - | - | - | €56,130 | €45,401 | - |
| Taxes450/3 | - | - | - | €13,754 | €14,159 | - |
| Remuneration and social security454/9 | - | - | - | €42,376 | €31,242 | - |
| Other amounts payable47/48 | - | - | - | - | €532 | - |
| Accrued charges and deferred income492/3 | - | - | - | €10,265 | €10,620 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,782 | €51,314 | €5,017 | -€117,501 | €10,033 | - |
| + Depreciation and write-downs630 | €432 | €23,958 | €27,411 | €32,892 | €8,232 | - |
| Operating cash flow (approximation) | -€18,350 | €75,271 | €32,428 | -€84,609 | €18,265 | - |
| Investment in fixed assets (approximation) | - | -€98,348 | -€54,098 | -€12,271 | - | - |
| Change in cash | - | €8,407 | -€7,723 | -€24,948 | - | - |
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
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €10,033
Net result €10,033 after one loss-making year.
30-09
Financial
Weakest financial yearnet -€117,501
Net result drops to -€117,501, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 73 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €51,314
Net result €51,314 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 2.12
Current ratio from 0.66 to 2.12.
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2021100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of Q1 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
No current directors or connected companies found in the register.