Q2 CONSTRUCT
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 · 4 filingsDeviation from the deadline
2021
10 d late
2021
on the day
2020
117 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 32 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
-€132,086▲ 29.9%
2021 · -€188,465
Total assets
€413,461▲ 17.9%
2021 · €350,733
Net result
€56,379
2021 · -€40,403
Working capital
-€12,519▲ 78.4%
2021 · -€57,862
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
Line2019202020212021
Operating result-€33,050--€136,130▼ 312%-€35,973▲ 73.6%€57,073-
Net result-€31,948--€136,115▼ 326%-€40,403▲ 70.3%€56,379-
Equity-€11,948--€148,063▼ 1,139%-€188,465▼ 27.3%-€132,086-
Total assets€254,760-€272,586▲ 7.0%€350,733▲ 28.7%€413,461-
Debt€266,708-€420,648▲ 57.7%€539,198▲ 28.2%€545,547-
Working capital€80,492-€48,294▼ 40.0%-€57,862-€12,519-
Staff (FTE)1-0.5▼ 50.0%0.9▲ 80.0%0.5-
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 €413,461
Fixed assets
€37,491 ▼ 23.0%
Current assets
€375,970 ▲ 24.5%
Key figures and ratios
EBITDA
€68,303▲
2021 · -€13,531
Cash flow
€67,609▲
2021 · -€17,961
Solvency
-31.9%▲
2021 · -53.7%
Current ratio
0.97▲
2021 · 0.84
Quick ratio
0.94▲
2021 · 0.70
Debt to equity
-4.13▼
2021 · -0.82
ROA
13.6%▲
2021 · -11.5%
Interest coverage
28.95
Debt ≤ 1 year
€388,489▲
2021 · €359,874
Debt > 1 year
€154,519=
2021 · €154,519
Income taxes
€52▼
2021 · €248
Staff costs
€11,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,093 | - |
| Remuneration, social security and pensions62 | - | - | - | €11,743 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,857 | €26,231 | €22,442 | €11,230 | - |
| Other operating charges640/8 | - | - | - | €876 | - |
| Gross operating margin9900 | €30,433 | -€72,247 | €48,893 | €80,921 | - |
| Operating profit (loss)9901 | -€33,050 | -€136,130 | -€35,973 | €57,073 | - |
| Financial income75/76B | - | - | - | €1,718 | - |
| Recurring financial income75 | €3,822 | €2,465 | €2,558 | €1,718 | - |
| Financial charges65/66B | - | - | - | €2,360 | - |
| Recurring financial charges65 | €2,604 | €2,230 | €3,560 | €2,360 | - |
| Profit (loss) for the period before taxes9903 | -€31,833 | -€135,896 | -€40,154 | €56,432 | - |
| Income taxes67/77 | €115 | €219 | €248 | €52 | - |
| Profit (loss) for the period9904 | -€31,948 | -€136,115 | -€40,403 | €56,379 | - |
| Profit (loss) for the period to be appropriated9905 | -€31,948 | -€136,115 | -€40,403 | €56,379 | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €254,760 | €272,586 | €350,733 | €413,461 | - |
| Fixed assets21/28 | €86,149 | €61,836 | €48,721 | €37,491 | - |
| Tangible fixed assets22/27 | €86,149 | €61,836 | €48,721 | €37,491 | - |
| Furniture and vehicles24 | - | - | - | €1,224 | - |
| Other tangible fixed assets26 | - | - | - | €36,267 | - |
| Current assets29/58 | €168,611 | €210,750 | €302,012 | €375,970 | - |
| Stocks and contracts in progress3 | €30,784 | €27,978 | €51,645 | €12,251 | - |
| Stocks30/36 | - | - | - | €12,251 | - |
| Amounts receivable within one year40/41 | €98,683 | €142,580 | €236,678 | €331,573 | - |
| Trade receivables40 | - | - | - | €194,080 | - |
| Other amounts receivable41 | - | - | - | €137,493 | - |
| Cash at bank and in hand54/58 | €35,561 | €36,589 | €10,601 | €30,631 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,515 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €254,760 | €272,586 | €350,733 | €413,461 | - |
| Equity10/15 | -€11,948 | -€148,063 | -€188,465 | -€132,086 | - |
| Contributions10/11 | €20,000 | - | - | €20,000 | - |
| Profit (loss) carried forward14 | -€31,948 | -€168,063 | -€208,465 | -€152,086 | - |
| Amounts payable17/49 | €266,708 | €420,648 | €539,198 | €545,547 | - |
| Amounts payable after more than one year17 | €76,383 | €245,456 | €154,519 | €154,519 | - |
| Trade debts175 | - | - | - | €24,519 | - |
| Other amounts payable178/9 | - | - | - | €130,000 | - |
| Amounts payable within one year42/48 | €88,119 | €162,455 | €359,874 | €388,489 | - |
| Trade debts44 | €69,128 | €144,914 | €229,472 | €246,767 | - |
| Suppliers440/4 | - | - | - | €246,767 | - |
| Advances received on contracts in progress46 | - | - | - | €5,808 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,257 | - |
| Taxes450/3 | - | - | - | €2,652 | - |
| Remuneration and social security454/9 | - | - | - | €605 | - |
| Other amounts payable47/48 | - | - | - | €132,658 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,538 | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,948 | -€136,115 | -€40,403 | €56,379 | - |
| + Depreciation and write-downs630 | €29,857 | €26,231 | €22,442 | €11,230 | - |
| Operating cash flow (approximation) | -€2,091 | -€109,884 | -€17,961 | €67,609 | - |
| Investment in fixed assets (approximation) | - | -€1,918 | -€9,327 | - | - |
| Change in cash | - | €1,028 | -€25,987 | - | - |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €56,379
Net result €56,379 after 3 loss-making years.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
2020
30-06
Financial
Weakest financial yearnet -€136,115
Net result drops to -€136,115, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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 Q2 CONSTRUCT 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.