Quicksteel
Open bankruptcyA bankruptcy procedure is open for Quicksteel according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2022 annual accounts show equity of €140k and a net result of €-228k.
Signals
Four 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 10-10-2023, 71 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
71 d late
2021
83 d early
2020
100 d late
2019
62 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€140k
2021 · €-32k
2018: €-370k
2019: €-315k
2020: €-70k
2021: €-32k
2018 → 2022
Total assets
€632k▲ 17.3%
2021 · €539k
2018: €178k
2019: €183k
2020: €413k
2021: €539k
2018 → 2022
Net result
€-228k
2021 · €38k
2018: €-407k
2019: €55k
2020: €-31k
2021: €38k
2018 → 2022
Working capital
€57k
2021 · €-92k
2018: €-308k
2019: €-333k
2020: €-9k
2021: €-92k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-370k-€-315k▲ 14.8%€-70k▲ 77.7%€-32k▲ 54.5%€140k
Operating result€-387k-€60k€-16k€48k€-217k
Net result€-407k-€55k€-31k€38k€-228k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €217k after €48k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €632k
Fixed assets
€158k▲ 16.8%
Current assets
€475k▲ 17.5%
Equity and liabilities €632k
Equity
€140k
Debt
€493k
Debt finances 77.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€-194k▼
2021 · €63k
Cash flow
€-205k▼
2021 · €53k
Solvency
22.1%▲
2021 · -5.9%
Current ratio
1.14▲
2021 · 0.81
Quick ratio
0.71▲
2021 · 0.50
Debt / equity
3.53▲
2021 · -17.88
ROE
-163.6%▼
2021 · -119.8%
ROA
-36.1%▼
2021 · 7.1%
Interest coverage
-16.30▼
2021 · 5.27
Debt
€493k▼
2021 · €571k
Debt ≤ 1 year
€418k▼
2021 · €496k
Debt > 1 year
€75k▼
2021 · €75k
Income taxes
€353
Staff costs
€324k▲
2021 · €203k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€539k€632k▲
Fixed assets21/28€135k€158k▲
Tangible fixed assets22/27€126k€148k▲
Land and buildings22€30k€28k▼
Plant, machinery and equipment23€68k€78k▲
Furniture and vehicles24€28k€42k▲
Financial fixed assets28€9k€9k=
Current assets29/58€404k€475k▲
Stocks and contracts in progress3€156k€178k▲
Stocks30/36€156k€178k▲
Amounts receivable within one year40/41€176k€237k▲
Trade receivables40€120k€131k▲
Other amounts receivable41€56k€106k▲
Cash at bank and in hand54/58€50k€46k▼
Deferred charges and accrued income490/1€23k€14k▼
Equity and liabilities
Total equity and liabilities10/49€539k€632k▲
Equity10/15€-32k€140k▲
Contributions10/11€301k€701k▲
Outside capital11€301k€701k▲
Other1109/19€301k€701k▲
Reserves13€122k€122k=
Tax-exempt reserves132€122k€122k=
Profit (loss) carried forward14€-455k€-684k▼
Amounts payable17/49€571k€493k▼
Amounts payable after more than one year17€75k€75k▼
Financial debts170/4€75k€75k▼
Amounts payable within one year42/48€496k€418k▼
Current portion of amounts payable after more than one year42€69k€4▼
Financial debts43€70k€70k=
Credit institutions430/8€70k€70k=
Trade debts44€254k€186k▼
Suppliers440/4€254k€186k▼
Taxes, remuneration and social security45€82k€92k▲
Taxes450/3€75k€92k▲
Remuneration and social security454/9€7k-
Other amounts payable47/48€21k€70k▲
Income statement
Code20212022
Remuneration, social security and pensions62€203k€324k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€23k▲
Other operating charges640/8€24k€10k▼
Gross operating margin9900€290k€140k▼
Operating profit (loss)9901€48k€-217k▼
Financial income75/76B€2k€964▼
Recurring financial income75€2k€964▼
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€38k€-228k▼
Income taxes67/77-€353
Profit (loss) for the period9904€38k€-228k▼
Profit (loss) for the period to be appropriated9905€38k€-228k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-455k€-684k▼
Profit (loss) brought forward from the previous period14P€-494k€-455k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · QUICKSTEEL BV NIJVERHEID- SLAAN 8, 8940 WERVIK · event 20-06-2024
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Equity above €100kEq €140k
Equity rises from €-32k to €140k.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
08-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 100 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
03-06
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20190003 · event 28-05-2019
25-02
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif · event 19-02-2019
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-03-2024
Wietse Callens: Resigned as Director
08-02-2024
Heleen Viaene: Resigned as Director
Location & real-estate footprint
Registered office, Wervik · 1 establishment unit since 2020
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.
Nijverheidslaan 88940 WervikGround area
5,230 m²
Building footprint
2,842 m²
Volume, LiDAR
16,093 m³
Parcel 33009C0806/00E002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Quicksteel
since 20202.310.728.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C0806/00E002 | Flanders | 5,230 m² | 1 · 2,842 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | GUY DELABIE ENGELSE WANDELING 74,
8510 MARKE |
20-06-2024 → present |
| Curator | LAURA DE COSTER REGEN-
TIESTRAAT 7, 8760 MEULEBEKE |
20-06-2024 → present |
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,642 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2014
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
68121Development of residential building projects
43990Other specialised construction activities
43999Specialised construction activities
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.