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QGC Construct

Open bankruptcy
Private limited company (pre-2019)founded 2015KBO/BCE: BE 0599.869.972

A bankruptcy procedure is open for QGC Construct according to publications in the Belgian Official Gazette; trustee: Frederik De Vulder.

Summary

The 2017 annual accounts show equity of €79,739 and a net result of €29,306.

QGC ConstructOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
French-language Enterprise Court of Brussels
Declared bankrupt
17 August 2020
Supervising judge
Leon Niessen
Official Gazette
24-08-2020 (pdf) ↗search the document for 2020/129715

Deadlines

Appeal or third-party opposition until
passed on 8 September 2020Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 16 September 2020art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 23 September 2020Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 17 August 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Frederik De Vulder59 B, Avenue Reine Astrid (Bte 3), 1780 Wemmelcabinet@devulderavocat.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€279,373total assets 2017
Equity
€79,739
Profit
€29,306
Financial health
Open bankruptcy: no score
Structure
0 of 3 deeds read
Signalsraises riskOpen bankruptcyneutralFiled after the deadlineShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 11-09-2018, 42 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2019
not filed
2018
not filed
2017
42 days late
2016
64 days late
2015
73 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 60 days after the deadline; the sector median (NACE 43) for financial year 2019 is 3 days after the deadline, and 50% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningFrench-language Enterprise Court of Brussels…
  2. Annual accounts filedfinancial year 2017 · micro…
  3. Highest result from 2015 to 2017net €29,306 ▲395%

Financials · financial year 2017, micro format

2017 annual accounts filed late (42 days) Filed on 11 September 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-62800495.

Turnover
€132,126
EBIT margin
26.2%
Net result
€29,306▲ 395%
2016 · €5,924
Working capital
€45,630▲ 26.5%
2016 · €36,059
Trend over the years

2015 to 2017, 3 financial years

The operating result recovers in 2017; 2017 is 325% above 2016 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€54,195 2017 Net result€29,306 2017

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201520162017
Turnover€132,126-
Operating result€34,657-€12,745▼ 63.2%€54,195▲ 325%
Net result€25,909-€5,924▼ 77.1%€29,306▲ 395%
EBIT margin26.2%-
Equity€32,109-€50,433▲ 57.1%€79,739▲ 58.1%
Total assets€93,235-€143,626▲ 54.0%€279,373▲ 94.5%
Debt€61,126-€93,193▲ 52.5%€199,634▲ 114%
Working capital€25,442-€36,059▲ 41.7%€45,630▲ 26.5%
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €279,373
Fixed assets €34,110 ▲ 137%
Current assets €245,264 ▲ 89.8%
Equity and liabilities €279,373
Equity €79,739 ▲ 58.1%
Debt €199,634 ▲ 114%
Debt's share of the balance-sheet total rises from 64.9% to 71.5%. Equity and debt are higher.
Key figures and ratios
2017 value · change against 2016
EBITDA
€65,516▲
2016 · €21,152
Cash flow
€40,627▲
2016 · €14,331
Current ratio
1.23▼
2016 · 1.39
ROE
36.8%▲
2016 · 11.7%
ROA
10.5%▲
2016 · 4.1%
Debt ≤ 1 year
€199,634▲
2016 · €93,193
Income taxes
€16,009▲
2016 · €3,957
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 · 2017 against 2016 · 23 lines
Balance sheet Code20162017
Assets
Total assets20/58€143,626€279,373▲
Fixed assets21/28€14,375€34,110▲
Tangible fixed assets22/27€14,375€34,110▲
Current assets29/58€129,252€245,264▲
Amounts receivable within one year40/41€127,589€241,110▲
Cash at bank and in hand54/58-€3,200
Equity and liabilities
Total equity and liabilities10/49€143,626€279,373▲
Equity10/15€50,433€79,739▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Profit (loss) carried forward14€29,973€59,279▲
Amounts payable17/49€93,193€199,634▲
Amounts payable within one year42/48€93,193€199,634▲
Trade debts44€57,803€73,498▲
Income statement Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,407€11,321▲
Gross operating margin9900€22,217€111,185▲
Operating profit (loss)9901€12,745€54,195▲
Recurring financial income75€2€53▲
Recurring financial charges65€2,866€8,933▲
Profit (loss) for the period before taxes9903€9,881€45,315▲
Income taxes67/77€3,957€16,009▲
Profit (loss) for the period9904€5,924€29,306▲
Profit (loss) for the period to be appropriated9905€5,924€29,306▲
Line201520162017Change
Turnover70€132,126---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,316€8,407€11,321▲ 34.7%
Gross operating margin9900€38,973€22,217€111,185▲ 400%
Operating profit (loss)9901€34,657€12,745€54,195▲ 325%
Recurring financial income75€6€2€53▲ 2,424%
Recurring financial charges65€127€2,866€8,933▲ 212%
Profit (loss) for the period before taxes9903€34,536€9,881€45,315▲ 359%
Income taxes67/77€8,627€3,957€16,009▲ 305%
Profit (loss) for the period9904€25,909€5,924€29,306▲ 395%
Profit (loss) for the period to be appropriated9905€25,909€5,924€29,306▲ 395%
Line201520162017Change
Assets
Total assets20/58€93,235€143,626€279,373▲ 94.5%
Fixed assets21/28€6,667€14,375€34,110▲ 137%
Tangible fixed assets22/27€6,667€14,375€34,110▲ 137%
Current assets29/58€86,569€129,252€245,264▲ 89.8%
Amounts receivable within one year40/41€86,569€127,589€241,110▲ 89.0%
Cash at bank and in hand54/58--€3,200-
Equity and liabilities
Total equity and liabilities10/49€93,235€143,626€279,373▲ 94.5%
Equity10/15€32,109€50,433€79,739▲ 58.1%
Contributions10/11€6,200€18,600€18,600=
Reserves13-€1,860€1,860=
Profit (loss) carried forward14€25,909€29,973€59,279▲ 97.8%
Amounts payable17/49€61,126€93,193€199,634▲ 114%
Amounts payable within one year42/48€61,126€93,193€199,634▲ 114%
Trade debts44€19,688€57,803€73,498▲ 27.2%
Line201520162017Change
Profit (loss) for the period9904€25,909€5,924€29,306▲ 395%
+ Depreciation and write-downs630€4,316€8,407€11,321▲ 34.7%
Operating cash flow (approximation)€30,225€14,331€40,627▲ 183%
Investment in fixed assets (approximation)--€16,115-€31,056▼ 92.7%

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

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2017 micro format 11-09-2018 2018-62800495
31-12-2016 micro format 03-10-2017 2017-66400544
31-12-2015 full format 12-10-2016 2016-65700132

Similar companies · same sector, comparable size

Of the 15,149 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,362. 6,197 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Frederik De Vulder
59 B, Avenue Reine Astrid (Bte 3), 1780 Wemmel
17-08-2020 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 3 March 2015, QGC Construct was incorporated.1 Total assets went from €93,235 in 2015 to €279,373 in 2017.2 The company was declared bankrupt on 17 August 2020.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2015 and 2017
  3. 3Belgian Official Gazette, 24-08-2020

Acts, filings and financial milestones

2020
24-08
Bankruptcy Opening
French-language Enterprise Court of Brussels · judgment of 17-08-2020
2018
11-09
NBB filing Annual accounts filed
financial year 2017 · micro format · 42 days late
2017
31-12
Financial Highest result from 2015 to 2017net €29,306 ▲395%
Operating result €54,195, net result €29,306, both a record.
03-10
NBB filing Annual accounts filed
financial year 2016 · micro format · 64 days late
2016
31-12
Financial Weakest financial yearnet €5,924 ▼77.1%
Net result drops to €5,924, the lowest in the series.
12-10
NBB filing Annual accounts filed
financial year 2015 · full format · 73 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 3 deeds read
About the unread acts

We know of 3 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded03-03-2015
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 21 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
registered office establishment The establishment unit on the map
Ground area
132 m²
Building footprint
175 m²
Building volume
2,114 m³
Parcel 21815D0260/00R010, Brussels · tallest building 15.7 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
QGC Construct
Civil engineering
since 2015unit no. 2.241.604.276
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21815D0260/00R010 Brussels 132 m² 1 · 175 m² 15.7 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.