Bankrupt · Opening faillissement (CBE)

World Quality Systems

BE0898589786

Rechtspersoon Private limited company 1 establishment

Robert Schumanplein 6 box 5, 1040 Brussel

Behind the company: Vasile Marinescu.

Start date

16 June 2008

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Busy address KBO

    81 other companies have their registered office at the same address; threshold 10.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

World Quality Systems from Brussel, company number BE0898589786, closed financial year 2022 with a result of € 322,284 after tax. For that financial year World Quality Systems recorded revenue of € 2.3 million and equity of € 814,449. Compared with financial year 2021, the result moved from € 326,959 to € 322,284. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2023.

What it is worth Growing

€ 814,449

▲ 50% vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 322,284

▼ 1% vs 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 147,940

▼ 15% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 50,000 paid out

16 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2022

Wage cost

€ 303,329

▲ 16% vs 2021

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 318,329

▼ 19% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt ≈ 4 years to go

€ 251,503

▼ 1% vs 2021

€ 61,111 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 522,463

▲ 26% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 446,734

▲ 50% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Revenue € 1,997,756 € 2,300,067 ▲ 15%
Gross margin € 765,077 € 943,813 ▲ 23%
Profit after taxes € 326,959 € 322,284 ▼ 1%
Equity € 542,165 € 814,449 ▲ 50%
Total debts € 965,813 € 1,270,700 ▲ 32%
Cash € 174,270 € 147,940 ▼ 15%
Retained profit € 522,165 € 794,449 ▲ 52%
Dividend € 0 € 50,000
Bank debt € 254,277 € 251,503 ▼ 1%
Balance sheet total € 1,507,978 € 2,085,149 ▲ 38%

Key figures of World Quality Systems, 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 30 April 2024.

What happened to World Quality Systems?

What happened at World Quality Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

World Quality Systems is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: profit of € 322,284 (▼ 1% vs 2021). filed late Source: NBB ↗
  • Vasile Marinescu became a director. NBB
  • Start of the company according to the CBE. KBO
  • New establishment in Brussel. KBO

In short

From € 326,959 profit in 2021 to € 322,284 profit in 2022.

Paid € 137,264 in corporate taxes since 2021.

Best year ever: 2021, with € 326,959 profit.

Paid out € 50,000 in dividends to the owners in total.

Management

Vasile Marinescu
World Quality Systems

Behind World Quality Systems is Vasile Marinescu.

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Directors

According to the 2022 annual accounts

Vasile Marinescu

Associate

since 2018

Establishments

Establishment units

Physical locations of this company

Registered office

Robert Schumanplein 6 box 5

1040 Brussel

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0898.589.786
VAT number
BE 0898.589.786
Registered office
Robert Schumanplein 6 bus 5, 1040 Brussel
Names & denominations
World Quality Systems
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
16 June 2008
Peppol
Not registered

Frequently asked questions

What is the address of World Quality Systems?
The registered office of World Quality Systems is located at Robert Schumanplein 6 box 5, 1040 Brussel.
Is World Quality Systems still active?
No. The CBE lists World Quality Systems with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is World Quality Systems registered on Peppol?
No, World Quality Systems is currently not registered on the Peppol network.
What is the enterprise number of World Quality Systems?
The enterprise number of World Quality Systems is BE0898589786.
When was World Quality Systems founded?
World Quality Systems was founded on 16 June 2008.
Who owns World Quality Systems?
Behind World Quality Systems is Vasile Marinescu.