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Q3D CONCEPTS

Open bankruptcy
Private limited company (pre-2019)founded 2014Dorpsstraat 55, 3830 Wellen, BelgiumKBO/BCE: BE 0544.809.309
Summary

A bankruptcy procedure is open for Q3D CONCEPTS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €49,276 and a net result of €2,366.

Q3D CONCEPTSOpen bankruptcy

Are 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, Tongeren division
Declared bankrupt
20 June 2023
Supervising judge
Patrick Poncelet
Official Gazette
26-06-2023 (pdf) ↗search the document for 2023/125451

Deadlines

Provisional date payments stopped
20 June 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 11 July 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 20 July 2023art. XX.104 and XX.155 CEL
First verification report
passed on 1 August 2023Goods 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 20 June 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curators

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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

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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-07-2022, 30 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2021
30 d early
2020
15 d early
2019
15 d early
2018
55 d late
2017
55 d late
2016
28 d late
2015
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2021 is 2 days before the deadline, and 45% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 January 2014, Q3D CONCEPTS was incorporated.1 Total assets went from EUR 269,223 in 2018 to EUR 420,167 in 2021.2 The company was declared bankrupt on 20 June 2023.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 26-06-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
€49,276▲ 5.0%
2020 · €46,910
Total assets
€420,167▲ 45.5%
2020 · €288,795
Net result
€2,366▼ 80.8%
2020 · €12,342
Working capital
€106,492▲ 0.8%
2020 · €105,626
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€2,267-€20,973▲ 825%€17,630▼ 15.9%€6,092▼ 65.4%
Net result€118-€15,033▲ 12,662%€12,342within the sector's middle half▼ 17.9%€2,366within the sector's middle half▼ 80.8%
Equity€19,535-€34,568▲ 77.0%€46,910within the sector's middle half▲ 35.7%€49,276within the sector's middle half▲ 5.0%
Total assets€269,223-€397,658▲ 47.7%€288,795above the sector's middle half▼ 27.4%€420,167above the sector's middle half▲ 45.5%
Debt€249,688-€363,090▲ 45.4%€241,885▼ 33.4%€370,891▲ 53.3%
Working capital€41,681-€46,549▲ 11.7%€105,626above the sector's middle half▲ 127%€106,492above the sector's middle half▲ 0.8%
Solvency7.3%-8.7%▲ 1.4pp16.2%within the sector's middle half▲ 7.6pp11.7%below the sector's middle half▼ 4.5pp
Current ratio1.20-1.14▼ 0.061.67within the sector's middle half▲ 0.531.36within the sector's middle half▼ 0.30
Return on assets (ROA)0.0%-3.8%▲ 3.7pp4.3%within the sector's middle half▲ 0.5pp0.6%within the sector's middle half▼ 3.7pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2018: €2,267€2,267Net result 2018: €118€118Operating result 2019: €20,973€20,973Net result 2019: €15,033€15,033Operating result 2020: €17,630€17,630Net result 2020: €12,342€12,342Operating result 2021: €6,092€6,092Net result 2021: €2,366€2,3662018201920202021€0€10,000€20,000Operating result 2019: €20,973€21,000Net result 2019: €15,033€15,000Operating result 2020: €17,630€17,600Net result 2020: €12,342€12,300Operating result 2021: €6,092€6,090Net result 2021: €2,366€2,370201920202021
The operating result has fallen two years in a row; 2021 is 65% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €420,167
Fixed assets €21,537 ▼ 13.9%
Current assets €398,630 ▲ 51.1%
Equity and liabilities €420,167
Equity €49,276 ▲ 5.0%
Debt €370,891 ▲ 53.3%
Debt's share of the balance-sheet total rises from 83.8% to 88.3%. Equity and debt are higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
€12,892
Cash flow
€9,165
Quick ratio
0.40▼
2020 · 1.02
Debt to equity
7.53▲
2020 · 1.78
ROE
4.8%▼
2020 · 26.3%
Interest coverage
3.06
Debt ≤ 1 year
€292,137▲
2020 · €158,168
Debt > 1 year
€78,754▼
2020 · €83,717
Income taxes
€1,189▲
2020 · €962
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 50 lines
Balance sheet Code20202021
Assets
Total assets20/58€288,795€420,167▲
Fixed assets21/28€25,001€21,537▼
Tangible fixed assets22/27€20,331€16,867▼
Plant, machinery and equipment23-€3,002
Furniture and vehicles24-€1,318
Other tangible fixed assets26-€12,547
Financial fixed assets28€4,670€4,670=
Current assets29/58€263,794€398,630▲
Stocks and contracts in progress3€101,900€281,000▲
Stocks30/36-€107,000
Contracts in progress37-€174,000
Amounts receivable within one year40/41€161,894€117,630▼
Trade receivables40-€97,204
Other amounts receivable41-€20,426
Equity and liabilities
Total equity and liabilities10/49€288,795€420,167▲
Equity10/15€46,910€49,276▲
Contributions10/11€18,600€18,600=
Capital10-€18,600
Issued capital100-€18,600
Reserves13€28,310€30,676▲
Non-distributable reserves130/1-€1,860
Legal reserve130-€1,860
Distributable reserves133-€28,816
Amounts payable17/49€241,885€370,891▲
Amounts payable after more than one year17€83,717€78,754▼
Financial debts170/4-€78,754
Amounts payable within one year42/48€158,168€292,137▲
Financial debts43-€48,429
Credit institutions430/8-€48,429
Trade debts44€74,871€41,022▼
Suppliers440/4-€41,022
Advances received on contracts in progress46-€185,096
Taxes, remuneration and social security45-€6,055
Taxes450/3-€6,055
Other amounts payable47/48-€11,536
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6,800
Other operating charges640/8-€1,229
Gross operating margin9900€20,168€14,121▼
Operating profit (loss)9901€17,630€6,092▼
Financial income75/76B-€1,670
Recurring financial income75€412€1,670▲
Financial charges65/66B-€4,208
Recurring financial charges65€4,738€4,208▼
Profit (loss) for the period before taxes9903€13,304€3,555▼
Income taxes67/77€962€1,189▲
Profit (loss) for the period9904€12,342€2,366▼
Profit (loss) for the period to be appropriated9905€12,342€2,366▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2,366
Transfer to equity691/2-€2,366
To other reserves6921-€2,366

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,755€8,090-€6,800-
Other operating charges640/8---€1,229-
Gross operating margin9900€8,494€29,914€20,168€14,121▼ 30.0%
Operating profit (loss)9901€2,267€20,973€17,630€6,092▼ 65.4%
Financial income75/76B---€1,670-
Recurring financial income75€366€494€412€1,670▲ 306%
Financial charges65/66B---€4,208-
Recurring financial charges65€2,022€1,568€4,738€4,208▼ 11.2%
Profit (loss) for the period before taxes9903€611€19,899€13,304€3,555▼ 73.3%
Income taxes67/77€493€4,866€962€1,189▲ 23.6%
Profit (loss) for the period9904€118€15,033€12,342€2,366▼ 80.8%
Profit (loss) for the period to be appropriated9905€118€15,033€12,342€2,366▼ 80.8%
Line2018201920202021Change
Assets
Total assets20/58€269,223€397,658€288,795€420,167▲ 45.5%
Fixed assets21/28€20,610€23,311€25,001€21,537▼ 13.9%
Intangible fixed assets21€365----
Tangible fixed assets22/27€17,565€20,331€20,331€16,867▼ 17.0%
Plant, machinery and equipment23---€3,002-
Furniture and vehicles24---€1,318-
Other tangible fixed assets26---€12,547-
Financial fixed assets28€2,680€2,980€4,670€4,670=
Current assets29/58€248,613€374,347€263,794€398,630▲ 51.1%
Stocks and contracts in progress3€28,693€24,774€101,900€281,000▲ 176%
Stocks30/36---€107,000-
Contracts in progress37---€174,000-
Amounts receivable within one year40/41€192,582€333,874€161,894€117,630▼ 27.3%
Trade receivables40---€97,204-
Other amounts receivable41---€20,426-
Cash at bank and in hand54/58€19,752€5,210---
Equity and liabilities
Total equity and liabilities10/49€269,223€397,658€288,795€420,167▲ 45.5%
Equity10/15€19,535€34,568€46,910€49,276▲ 5.0%
Contributions10/11€18,600€18,600€18,600€18,600=
Capital10---€18,600-
Issued capital100---€18,600-
Reserves13€2,062€15,968€28,310€30,676▲ 8.4%
Non-distributable reserves130/1---€1,860-
Legal reserve130---€1,860-
Distributable reserves133---€28,816-
Profit (loss) carried forward14-€1,127-€1,245---
Amounts payable17/49€249,688€363,090€241,885€370,891▲ 53.3%
Amounts payable after more than one year17€40,581€30,975€83,717€78,754▼ 5.9%
Financial debts170/4---€78,754-
Amounts payable within one year42/48€206,931€327,798€158,168€292,137▲ 84.7%
Financial debts43---€48,429-
Credit institutions430/8---€48,429-
Trade debts44€158,769€230,226€74,871€41,022▼ 45.2%
Suppliers440/4---€41,022-
Advances received on contracts in progress46---€185,096-
Taxes, remuneration and social security45---€6,055-
Taxes450/3---€6,055-
Other amounts payable47/48---€11,536-
Line2018201920202021Change
Profit (loss) for the period9904€118€15,033€12,342€2,366▼ 80.8%
+ Depreciation and write-downs630€5,755€8,090-€6,800-
Operating cash flow (approximation)€5,872€23,123€12,342€9,165▼ 25.7%
Investment in fixed assets (approximation)--€10,791-€1,690-€3,336▼ 97.4%
Change in cash--€14,543---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
26-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 20-06-2023
2022
01-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €15,033 ▲12,662%
Operating result €20,973, net result €15,033, both a record.
24-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
24-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wellen · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
2,535 m²
Building footprint
874 m²
Volume, LiDAR
8,269 m³
Parcel 73098F1217/00E000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Q3D Concepts
Dorpsstraat 55, 3830 WellenManufacture of furniture
since 20142.229.055.347
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73098F1217/00E000 Flanders 2,535 m² 1 · 874 m² 13.6 m · 3 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.

Insolvency mandates

2 mandates
Role Name Tenure
Curator CHRISTOPHE HERMANS
Elisabethwal 4, 3700 Tongeren
20-06-2023 → present
Curator PIETER WIRIX
Elisa- Bethwal 4, 3700 Tongeren
20-06-2023 → present

Similar companies · same sector, comparable size

Of 1,450 companies in this sector we hold annual accounts for 340. 287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded23-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
74130Interior design
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
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 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.