Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
Q & W Services from Hasselt, company number BE0759401419, closed financial year 2022 with a result of € -49,175 after tax. For that financial year Q & W Services recorded a gross margin of € 140,033 and equity of € -2,799. Compared with financial year 2021, the result moved from € 16,376 to € -49,175. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 11, 2023.
€ -2,799
▼ € 49,175 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -49,175
▼ still € 16,376 profit in 2021
Profit after tax over the fiscal year.
€ 49,189
▲ 215% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -32,799.
People and assets in 2022
€ 153,355
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 72,148
▲ 10% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 38,552
▲ 50% vs 2021
€ 19,898 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 44,227
▲ € 41,648 vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 7,980
▼ 50% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 33,284 | € 140,033 | ▲ € 106,749 |
| Profit after taxes | € 16,376 | € -49,175 | ▼ € 65,551 |
| Equity | € 46,376 | € -2,799 | ▼ € 49,175 |
| Total debts | € 112,542 | € 141,057 | ▲ 25% |
| Cash | € 15,613 | € 49,189 | ▲ 215% |
| Retained profit | € 16,376 | € -32,799 | ▼ € 49,175 |
| Bank debt | € 25,654 | € 38,552 | ▲ 50% |
| Balance sheet total | € 158,918 | € 138,257 | ▼ 13% |
Key figures of Q & W Services, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Q & W Services?
What happened at Q & W Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Q & W Services is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 49,175 (▼ € 65,551 vs 2021). filed late Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,376 profit in 2021 to € 49,175 loss in 2022.
Paid € 5,042 in corporate taxes since 2021.
Best year ever: 2021, with € 16,376 profit.
Establishments
Establishment units
Physical locations of this company
Diestersteenweg 300
3510 Hasselt
Meistraat 9
3510 Hasselt
Active since 3 December 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0759.401.419
- VAT number
- BE 0759.401.419
- Registered office
- Diestersteenweg 300, 3510 Hasselt
- Names & denominations
- Q & W Services
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 3 December 2020
- Peppol
- Not registered
- Activities · NACE
Verhuisactiviteiten
Algemene bouw van residentiële gebouwen
Algemene elektrotechnische installatiewerken