Q3 PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of Q3 PROJECTS is 3.0% (moderate). For Q3 PROJECTS, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (€-318k) and a net result of €-9k. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 705 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability0▼-62
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-689.7%
Return on assets
-19.5%
Age of the figures
27 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 237 days later.
NBB · 6 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 16-05-2025, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
105 d late
2023
21 d early
2022
on the day
2021
on the day
2020
117 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€-318k▼ 2.9%
2023 · €-309k
Total assets
€46k▼ 3.5%
2023 · €48k
Net result
€-9k
2023 · €5k
Working capital
€-63k▼ 16.7%
2023 · €-54k
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
Line20202021202220232024
Operating result€-178k€-134k▲ 24.7%€-14k▲ 89.2%€5k€-5k
Net result€-177k€-133k▲ 25.1%€-30k▲ 77.7%€5k€-9k
Equity€-151k€-284k▼ 87.7%€-313k▼ 10.4%€-309k▲ 1.5%€-318k▼ 2.9%
Total assets€220k▲ 1.6%€191k▼ 13.1%€93k▼ 51.7%€48k▼ 48.4%€46k▼ 3.5%
Debt€371k▲ 94.4%€475k▲ 28.0%€406k▼ 14.6%€357k▼ 12.2%€364k▲ 2.1%
Working capital€-103k€-117k▼ 13.8%€-58k▲ 50.7%€-54k▲ 6.8%€-63k▼ 16.7%
Staff (FTE)0.80.2▼ 75.0%
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 turns negative in 2024: a loss of €5k after €5k in 2023.
Key figures and ratios
Solvency
-689.7%▼
2023 · -647.0%
Current ratio
0.42▼
2023 · 0.47
Debt to equity
-1.14▲
2023 · -1.15
ROA
-19.5%▼
2023 · 9.7%
Debt ≤ 1 year
€109k▲
2023 · €102k
Debt > 1 year
€255k=
2023 · €255k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9k | - | - | - |
| Remuneration, social security and pensions62 | - | - | €-194 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €23k | €128 | - | - | - |
| Other operating charges640/8 | - | - | €846 | €897 | €1k | ▲ 33.8% |
| Non-recurring operating charges66A | - | - | - | €9k | - | - |
| Gross operating margin9900 | €-78k | €-94k | €-14k | €14k | €-4k | ▼ 129% |
| Operating profit (loss)9901 | €-178k | €-134k | €-14k | €5k | €-5k | ▼ 214% |
| Financial income75/76B | - | - | - | - | €347 | - |
| Recurring financial income75 | €3k | €1k | - | - | €347 | - |
| Financial charges65/66B | - | - | €15k | €34 | €4k | ▲ 11,499% |
| Recurring financial charges65 | €2k | €3k | €3k | €34 | €4k | ▲ 11,499% |
| Non-recurring financial charges66B | - | - | €12k | - | - | - |
| Profit (loss) for the period before taxes9903 | €-177k | €-133k | €-30k | €5k | €-9k | ▼ 293% |
| Income taxes67/77 | €147 | €30 | - | - | - | - |
| Profit (loss) for the period9904 | €-177k | €-133k | €-30k | €5k | €-9k | ▼ 293% |
| Profit (loss) for the period to be appropriated9905 | €-177k | €-133k | €-30k | €5k | €-9k | ▼ 293% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220k | €191k | €93k | €48k | €46k | ▼ 3.5% |
| Fixed assets21/28 | €81k | €58k | - | - | - | - |
| Tangible fixed assets22/27 | €81k | €58k | - | - | - | - |
| Current assets29/58 | €140k | €134k | €93k | €48k | €46k | ▼ 3.5% |
| Stocks and contracts in progress3 | €9k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €116k | €133k | €83k | €48k | €46k | ▼ 3.8% |
| Trade receivables40 | - | - | €82k | €48k | €46k | ▼ 3.7% |
| Other amounts receivable41 | - | - | €263 | €38 | - | - |
| Cash at bank and in hand54/58 | €14k | €59 | €10k | €0 | €163 | ▲ 116,314% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220k | €191k | €93k | €48k | €46k | ▼ 3.5% |
| Equity10/15 | €-151k | €-284k | €-313k | €-309k | €-318k | ▼ 2.9% |
| Contributions10/11 | - | - | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-170k | €-302k | €-332k | €-327k | €-336k | ▼ 2.7% |
| Amounts payable17/49 | €371k | €475k | €406k | €357k | €364k | ▲ 2.1% |
| Amounts payable after more than one year17 | €54k | €222k | €255k | €255k | €255k | = |
| Other amounts payable178/9 | - | - | €255k | €255k | €255k | = |
| Amounts payable within one year42/48 | €243k | €251k | €150k | €102k | €109k | ▲ 7.2% |
| Trade debts44 | €166k | €127k | €58k | €4k | €3k | ▼ 29.3% |
| Suppliers440/4 | - | - | €58k | €4k | €3k | ▼ 29.3% |
| Taxes, remuneration and social security45 | - | - | €6k | - | €454 | - |
| Taxes450/3 | - | - | - | - | €454 | - |
| Remuneration and social security454/9 | - | - | €6k | - | - | - |
| Other amounts payable47/48 | - | - | €87k | €98k | €106k | ▲ 8.1% |
| Accrued charges and deferred income492/3 | - | - | €750 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-177k | €-133k | €-30k | €5k | €-9k | ▼ 293% |
| + Depreciation and write-downs630 | €23k | €23k | €128 | - | - | - |
| Operating cash flow (approximation) | €-154k | €-110k | €-29k | €5k | €-9k | ▼ 293% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-14k | €10k | €-10k | €163 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 105 days late
2024
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
2020
30-06
Financial
Weakest financial yearnet €-177k
Net result drops to €-177k, the lowest in the series; recovery starts the following year.
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 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.
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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, Heusden-Zolder · 1 establishment unit since 2019
Ground area
3,232 m²
Building footprint
935 m²
Volume, LiDAR
6,009 m³
Parcel 71065B1064/00E000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Q3 PROJECTS
since 20192.284.737.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065B1064/00E000 | Flanders | 3,232 m² | 1 · 935 m² | 7.3 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.
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 504 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
Founded15-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
22240Manufacture of rubber and plastic products
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
46839Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.