QUALIBEEF

Bankruptcy

Public limited companyfounded 1998KBO/BCE: BE 0463.697.018

The KBO register records for QUALIBEEF the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2017 annual accounts show equity of €3.91M and a net result of €-93k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 13-08-2018, 13 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

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

Financials · fiscal year 2017, full schema

Turnover

€14.83M▼ 0.2%

2016 · €14.86M

2013: €12.78M 2014: €11.14M 2015: €13.92M 2016: €14.86M

2013 → 2017

EBIT margin

-1.2%▼ 0.7pp

2016 · -0.5%

2013: 5.5% 2014: -0.7% 2015: 2.5% 2016: -0.5%

2013 → 2017

Net result

€-93k▼ 54.8%

2016 · €-60k

2013: €714k 2014: €90k 2015: €731k 2016: €-60k

2013 → 2017

Working capital

€-413k▲ 65.1%

2016 · €-1.18M

2013: €-63k 2014: €-492k 2015: €-400k 2016: €-1.18M

2013 → 2017

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20132014201520162017Trend

Turnover€12.78M-€11.14M▼ 12.8%€13.92M▲ 24.9%€14.86M▲ 6.8%€14.83M▼ 0.2%

Equity€3.31M-€3.74M▲ 12.7%€4.60M▲ 23.2%€4.30M▼ 6.6%€3.91M▼ 9.1%

Operating result€707k-€-80k€347k€-75k€-173k▼ 132%

Net result€714k-€90k▼ 87.4%€731k▲ 715%€-60k€-93k▼ 54.8%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €173k in 2017 against €75k in 2016; the loss grows and 2017 is the lowest year so far.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €14.81M

69.9%

30.1%

Fixed assets €10.35M▲ 2.3%

Current assets €4.46M▲ 26.7%

Equity and liabilities €14.81M

26.4%

73.1%

Equity €3.91M▼ 9.1%

Provisions €70k▲ 180%

Debt €10.83M▲ 16.3%

The debt ratio rises from 68.3% to 73.1%: debt grows while equity shrinks.

Key figures and ratios

2017 value · change against 2016

EBITDA

€1.25M▼

2016 · €1.39M

Cash flow

€1.34M▼

2016 · €1.40M

Solvency

26.4%▼

2016 · 31.5%

Current ratio

0.92▲

2016 · 0.75

Quick ratio

0.83▲

2016 · 0.70

Debt / equity

1.52▲

2016 · 1.07

ROE

-2.4%▼

2016 · -1.4%

ROA

-0.6%▼

2016 · -0.4%

Interest coverage

6.00▼

2016 · 6.15

Debt

€10.83M▲

2016 · €9.31M

Debt ≤ 1 year

€4.87M▲

2016 · €4.70M

Debt > 1 year

€5.94M▲

2016 · €4.60M

Income taxes

€6k▲

2016 · €635

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2017 against 2016

Balance sheet Code20162017

Assets

Total assets20/58€13.64M€14.81M▲

Fixed assets21/28€10.12M€10.35M▲

Intangible fixed assets21€39k€31k▼

Tangible fixed assets22/27€5.10M€4.29M▼

Financial fixed assets28€4.98M€6.03M▲

Current assets29/58€3.52M€4.46M▲

Stocks and contracts in progress3€226k€408k▲

Amounts receivable within one year40/41€3.10M€1.11M▼

Cash at bank and in hand54/58€55k€405k▲

Equity and liabilities

Total equity and liabilities10/49€13.64M€14.81M▲

Equity10/15€4.30M€3.91M▼

Contributions10/11€3.49M€3.49M=

Reserves13€16k€16k=

Profit (loss) carried forward14€251k€158k▼

Provisions and deferred taxes16€25k€70k▲

Amounts payable17/49€9.31M€10.83M▲

Amounts payable after more than one year17€4.60M€5.94M▲

Amounts payable within one year42/48€4.70M€4.87M▲

Trade debts44€1.27M€1.23M▼

Income statement Code20162017

Turnover70€14.86M€14.83M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.46M€1.43M▼

Operating profit (loss)9901€-75k€-173k▼

Recurring financial income75€243k€298k▲

Recurring financial charges65€228k€211k▼

Debt charges650€225k€209k▼

Profit (loss) for the period before taxes9903€-59k€-86k▼

Income taxes67/77€635€6k▲

Profit (loss) for the period9904€-60k€-93k▼

Profit (loss) for the period to be appropriated9905€-60k€-93k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 16Signals 2Financial 2Gazette 2Filings 10

2019

16-05

Judicial reorganisation Extension

Tribunal de l’entreprise de Liège · collectif · event 10-05-2019

21-02

Judicial reorganisation Opening

Tribunal de l’entreprise de Liège · collectif · event 15-02-2019

2018

13-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 13 days late

2017

31-12

Financial Weakest financial yearnet €-93k

Net result drops to €-93k, the lowest in the series.

28-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

14-02

State Gazette act Incorporation · Founding capital

Bank account · Corporate purpose

2016

25-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

31-12

Financial Highest result since 2013net €731k ▲715%

Net result €731k, the highest in the series.

04-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 4 days late

20-05

State Gazette act General meeting · Capital increase

Bank account · Capital

2014

26-06

NBB filing Annual accounts filed

fiscal year 2013 · full schema

2013

01-07

NBB filing Annual accounts filed

fiscal year 2012 · full schema

2012

27-07

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

19-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

29-11

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 121 days late

2009

02-09

NBB filing Annual accounts filed

fiscal year 2008 · full schema · 33 days late

SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 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

1 establishment unit since 1998

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

2.0 ha

Building footprint

3,813 m²

Volume, LiDAR

34,144 m³

Parcel 82302C1047/00R000, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.