QUADRINVEST TWO
Open bankruptcyA bankruptcy procedure is open for QUADRINVEST TWO according to publications in the Belgian State Gazette; curator: BRIGITTE DE CALLATAY-PAQUOT.
Summary
The 2022 annual accounts show negative equity (-€243,654) and a net result of -€829,227.
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 Liège, Namur division
- Declared bankrupt
- 2 November 2023
- Supervising judge
- Denys Morel De Westgaver
- Official Gazette
- 10-11-2023 (pdf) ↗search the document for 2023/142828
Deadlines
- Appeal or third-party opposition until
- passed on 25 November 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 December 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 December 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 2 November 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Brigitte De Callatay-PaquotRue Pere Cambier, 6, 5000 Namurbrigitte.paquot@gmail.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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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Overview
What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
How big
€2.9mtotal assets 2022
- Equity
- -€243,654
- Loss
- -€829,227
Financially healthy?
Open bankruptcy: no score
Who decides
Accounts 792 d overdue0 of 9 deeds read
Signals- Open bankruptcyFiled after the deadlineShow the evidence
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-09-2023, 53 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 · 9 filingsDeviation from the deadline
2022
53 d late
2021
187 d late
2020
39 d early
2019
25 d early
2018
28 d early
2017
49 d early
2016
62 d early
← 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 5 days after the deadline; the sector median for financial year 2022 is 4 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- OpeningTribunal de l’entreprise de Liège…
- Annual accounts filedfiscal year 2022 · full…
- Annual accounts filedfiscal year 2021 · full…
Financials
Fiscal year 2022Total assets €2.9mLoss -€829,227Solvency -8.4%Liquidity 0.91
Total assets
€2.9m▼ 17.0%
2018 - 2022
Net result
-€829,227▼ 230%
2018 - 2022
Equity
-€243,654
2018 - 2022
Solvency
-8.4%▼ 25.0pp
2018 - 2022
Financials · fiscal year 2022, full schema
Trend over the years
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 68, Real estate 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
Line20182019202020212022
Operating result-€0.1m--€0.3m▼ 163%€0.9m-€0.1m-€0.8m▼ 669%
Net result-€0.3m--€0.5m▼ 51.1%€0.7mabove the sector's middle half-€0.3mbelow the sector's middle half-€0.8mbelow the sector's middle half▼ 230%
Equity€0.6m-€0.1m▼ 76.2%€0.8mwithin the sector's middle half▲ 518%€0.6mwithin the sector's middle half▼ 30.1%-€0.2mbelow the sector's middle half
Total assets€3.7m-€3.8m▲ 2.9%€3.9mwithin the sector's middle half▲ 2.6%€3.5mwithin the sector's middle half▼ 9.6%€2.9mwithin the sector's middle half▼ 17.0%
Debt€3.1m-€3.7m▲ 17.4%€3.1m▼ 16.5%€2.9m▼ 4.0%€3.2m▲ 7.9%
Working capital€0.6m-€0.1m▼ 76.2%€0.8mwithin the sector's middle half▲ 517%€0.6mwithin the sector's middle half▼ 34.1%-€0.3mbelow the sector's middle half
Solvency15.4%-3.6%▼ 11.9pp21.5%within the sector's middle half▲ 17.9pp16.7%within the sector's middle half▼ 4.9pp-8.4%below the sector's middle half▼ 25.0pp
Current ratio1.18-1.04▼ 0.151.27within the sector's middle half▲ 0.241.19within the sector's middle half▼ 0.090.91within the sector's middle half▼ 0.28
Return on assets (ROA)-8.2%--12.1%▼ 3.8pp18.0%above the sector's middle half▲ 30.1pp-7.2%below the sector's middle half▼ 25.2pp-28.4%below the sector's middle half▼ 21.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €829,227 in 2022 against €107,830 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.9m
Fixed assets
€35,083 =
Current assets
€2.9m ▼ 17.2%
Equity and liabilities
Equity-€243,654
Debt€3.2m
Equity is negative: debt (€3.2m) exceeds the balance-sheet total (€2.9m).
Key figures and ratios
Key figures and ratios
Quick ratio
0.70▲
2021 · 0.35
Debt ≤ 1 year
€3.2m▲
2021 · €2.9m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €27,685 | - | - |
| Non-recurring operating charges66A | - | - | - | €11,856 | - | - |
| Gross operating margin9900 | -€109,897 | -€327,424 | €948,648 | -€68,289 | -€829,227 | ▼ 1,114% |
| Operating profit (loss)9901 | -€126,166 | -€331,696 | €947,368 | -€107,830 | -€829,227 | ▼ 669% |
| Financial charges65/66B | - | - | - | €131,883 | - | - |
| Recurring financial charges65 | €147,286 | €125,604 | €194,031 | €131,883 | - | - |
| Profit (loss) for the period before taxes9903 | -€273,452 | -€457,300 | €753,337 | -€239,714 | -€829,227 | ▼ 246% |
| Income taxes67/77 | €29,292 | €169 | €51,599 | €11,876 | - | - |
| Profit (loss) for the period9904 | -€302,744 | -€457,469 | €701,738 | -€251,590 | -€829,227 | ▼ 230% |
| Profit (loss) for the period to be appropriated9905 | -€302,744 | -€457,469 | €701,738 | -€251,590 | -€829,227 | ▼ 230% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.8m | €3.9m | €3.5m | €2.9m | ▼ 17.0% |
| Fixed assets21/28 | - | - | €0.002m | €0.04m | €0.04m | = |
| Tangible fixed assets22/27 | - | - | €0.002m | - | - | - |
| Financial fixed assets28 | - | - | - | €0.04m | €0.04m | = |
| Current assets29/58 | €3.7m | €3.8m | €3.9m | €3.5m | €2.9m | ▼ 17.2% |
| Stocks and contracts in progress3 | €2.2m | €2.2m | €2.5m | €2.5m | €0.7m | ▼ 73.2% |
| Stocks30/36 | - | - | - | €2.5m | €0.7m | ▼ 73.2% |
| Amounts receivable within one year40/41 | €1.4m | €1.5m | €1.4m | €1.0m | €2.2m | ▲ 118% |
| Trade receivables40 | - | - | - | €0.3m | €1.5m | ▲ 442% |
| Other amounts receivable41 | - | - | - | €0.7m | €0.7m | = |
| Cash at bank and in hand54/58 | €0.01m | €0.03m | €116 | €51 | €51 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.8m | €3.9m | €3.5m | €2.9m | ▼ 17.0% |
| Equity10/15 | €0.6m | €0.1m | €0.8m | €0.6m | -€0.2m | ▼ 142% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | - | - | - | €1.2m | €1.2m | = |
| Issued capital100 | - | - | - | €1.2m | €1.2m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.6m | -€1.1m | -€0.4m | -€0.7m | -€1.5m | ▼ 127% |
| Amounts payable17/49 | €3.1m | €3.7m | €3.1m | €2.9m | €3.2m | ▲ 7.9% |
| Amounts payable within one year42/48 | €3.1m | €3.7m | €3.1m | €2.9m | €3.2m | ▲ 7.9% |
| Financial debts43 | - | - | - | €0.5m | €0.5m | = |
| Credit institutions430/8 | - | - | - | €0.5m | €0.5m | = |
| Trade debts44 | €0.6m | €0.6m | €0.6m | €0.2m | €0.2m | ▲ 13.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | ▲ 13.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.4m | ▲ 127% |
| Taxes450/3 | - | - | - | €0.2m | €0.4m | ▲ 127% |
| Other amounts payable47/48 | - | - | - | €2.0m | €2.0m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€302,744 | -€457,469 | €701,738 | -€251,590 | -€829,227 | ▼ 230% |
| Operating cash flow (approximation) | -€302,744 | -€457,469 | €701,738 | -€251,590 | -€829,227 | ▼ 230% |
| Investment in fixed assets (approximation) | - | - | - | -€32,873 | €0 | ▲ 100% |
| Change in cash | - | €16,965 | -€31,761 | -€65 | €0 | ▲ 100% |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,695 companies in this sector we hold annual accounts for 7,393. See the whole sector
Board & ownership
Directors
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRIGITTE DE CALLATAY-PAQUOT Rue Pere Cambier, 6, 5000 Namur |
02-11-2023 → present |
Timeline
13 eventsLatest 10-11-2023
History
Acts, filings and financial milestones
2023
10-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 02-11-2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 53 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 187 days late
2022
31-12
Financial
Weakest financial yearnet -€829,227
Net result drops to -€829,227, the lowest in the series.
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €701,738
Net result €701,738 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €837,163 ▲518%
Equity rises from €135,425 to €837,163.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
12-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial 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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Company details
Public limited company · founded 24-02-2014Year ends 31-12Peppol not found1 site
Register details
Identification
Legal formPublic limited company
Founded24-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
Contact
E-mail
dimi.neukermans@gmail.comFrasnes-lez-Anvaing
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2014
Ground area
1,346 m²
Building footprint
237 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin d' Ellignies(FB) 34, 7911 Frasnes-lez-Anvaing
since 2014unit no. 2.231.235.867
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022E0445/00D000 | Wallonia | 1,210 m² | 1 · 149 m² | - |
| 92108B0054/00N010 | Wallonia | 137 m² | 1 · 88 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Development of residential building projects sector doing?Sector figures
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