QUALITY GAMES
InactiveQUALITY GAMES was declared bankrupt on 26-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 13-01-2026, published in the Belgian State Gazette on 20-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-10-2022, 75 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
75 d late
2020
370 d late
2018
64 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 170 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€35,166▲ 72.6%
2020 · €20,373
Total assets
€69,945▲ 12.4%
2020 · €62,204
Net result
€14,793▲ 7.8%
2020 · €13,721
Working capital
€34,263▲ 93.8%
2020 · €17,676
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
Line201820202021
Operating result-€22,401-€15,437-€16,141▲ 4.6%
Net result-€22,797-€13,721-€14,793▲ 7.8%
Equity-€7,400-€20,373-€35,166▲ 72.6%
Total assets€64,058-€62,204-€69,945▲ 12.4%
Debt€71,459-€41,831-€34,779▼ 16.9%
Working capital-€10,640-€17,676-€34,263▲ 93.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2021; 2021 is 5% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €69,945
Fixed assets
€902 ▼ 66.5%
Current assets
€69,042 ▲ 16.0%
Equity and liabilities €69,945
Equity
€35,166 ▲ 72.6%
Debt
€34,779 ▼ 16.9%
Debt's share of the balance-sheet total falls from 67.2% to 49.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,935▼
2020 · €20,233
Cash flow
€16,587▼
2020 · €18,517
Current ratio
1.99▲
2020 · 1.42
Quick ratio
0.57▲
2020 · 0.26
Debt to equity
0.99▼
2020 · 2.05
ROE
42.1%▼
2020 · 67.3%
ROA
21.1%▼
2020 · 22.1%
Interest coverage
13.30▲
2020 · 11.79
Debt ≤ 1 year
€34,779▼
2020 · €41,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,718 | €4,796 | €1,794 | ▼ 62.6% |
| Other operating charges640/8 | - | €2,862 | €1,873 | ▼ 34.6% |
| Gross operating margin9900 | -€16,808 | €23,095 | €19,808 | ▼ 14.2% |
| Operating profit (loss)9901 | -€22,401 | €15,437 | €16,141 | ▲ 4.6% |
| Recurring financial income75 | €0 | - | - | - |
| Financial charges65/66B | - | €1,717 | €1,348 | ▼ 21.5% |
| Recurring financial charges65 | €397 | €1,717 | €1,348 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | -€22,797 | €13,721 | €14,793 | ▲ 7.8% |
| Profit (loss) for the period9904 | -€22,797 | €13,721 | €14,793 | ▲ 7.8% |
| Profit (loss) for the period to be appropriated9905 | -€22,797 | €13,721 | €14,793 | ▲ 7.8% |
| Line | 2018 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €64,058 | €62,204 | €69,945 | ▲ 12.4% |
| Fixed assets21/28 | €9,556 | €2,696 | €902 | ▼ 66.5% |
| Tangible fixed assets22/27 | €9,556 | €2,696 | €902 | ▼ 66.5% |
| Land and buildings22 | - | €364 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €554 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €1,778 | €902 | ▼ 49.3% |
| Current assets29/58 | €54,502 | €59,508 | €69,042 | ▲ 16.0% |
| Stocks and contracts in progress3 | €48,053 | €48,440 | €49,312 | ▲ 1.8% |
| Stocks30/36 | - | €48,440 | €49,312 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €4,732 | €10,909 | €10,974 | ▲ 0.6% |
| Trade receivables40 | - | €9,627 | €10,974 | ▲ 14.0% |
| Other amounts receivable41 | - | €1,281 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1,557 | €0 | €8,757 | - |
| Deferred charges and accrued income490/1 | - | €160 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64,058 | €62,204 | €69,945 | ▲ 12.4% |
| Equity10/15 | -€7,400 | €20,373 | €35,166 | ▲ 72.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €130 | €130 | €130 | = |
| Non-distributable reserves130/1 | - | €130 | €130 | = |
| Reserves not available under the articles1311 | - | €130 | €130 | = |
| Profit (loss) carried forward14 | -€26,122 | €1,651 | €16,444 | ▲ 896% |
| Amounts payable17/49 | €71,459 | €41,831 | €34,779 | ▼ 16.9% |
| Amounts payable after more than one year17 | €6,317 | - | - | - |
| Amounts payable within one year42/48 | €65,142 | €41,831 | €34,779 | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | - | €2,164 | €0 | ▼ 100% |
| Financial debts43 | - | €150 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €150 | €0 | ▼ 100% |
| Trade debts44 | €23,276 | €3,391 | €1,811 | ▼ 46.6% |
| Suppliers440/4 | - | €3,391 | €1,811 | ▼ 46.6% |
| Taxes, remuneration and social security45 | - | €6,718 | €11,769 | ▲ 75.2% |
| Taxes450/3 | - | €6,718 | €11,769 | ▲ 75.2% |
| Other amounts payable47/48 | - | €29,408 | €21,199 | ▼ 27.9% |
| Line | 2018 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,797 | €13,721 | €14,793 | ▲ 7.8% |
| + Depreciation and write-downs630 | €4,718 | €4,796 | €1,794 | ▼ 62.6% |
| Operating cash flow (approximation) | -€18,079 | €18,517 | €16,587 | ▼ 10.4% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | - | €8,757 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 13-01-2026
2023
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 26-09-2023
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 370 days late
2021
31-12
Financial
Highest result since 2018net €14,793 ▲7.8%
Operating result €16,141, net result €14,793, both a record.
2020
31-12
Financial
Back to profitnet €13,721
Net result €13,721 after one loss-making year.
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 3 days late
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
10-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
13-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 13 days late
2012
23-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GERT VERREYT BEGIJNENSTRAAT 17, 2300 TURN-
HOUT |
26-09-2023 → 13-01-2026 |
| Curator | THOMAS VAN BOURGOGNIE BEGIJ-
NENSTRAAT 17, 2300 TURNHOUT |
26-09-2023 → 13-01-2026 |