QTEAM SERVICES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-07-2024, 7 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2023
7 d early
2022
11 d early
2021
3 d early
2020
200 d late
2019
326 d late
2018
243 d late
2017
356 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema, statutory accounts
Turnover
€3.13M▲ 37.1%
2021 · €2.28M
2018: €2.71M
2019: €2.77M
2020: €2.88M
2021: €2.28M
2018 → 2022
EBIT margin
12.0%▼ 11.4pp
2021 · 23.4%
2018: 24.7%
2019: 15.3%
2020: 31.6%
2021: 23.4%
2018 → 2022
Net result
€3.56M▲ 4,641%
2022 · €75k
2018: €556k
2019: €385k
2020: €1.97M
2021: €328k
2022: €75k
2018 → 2023
Working capital
€-15.74M▼ 108%
2022 · €-7.58M
2018: €2.11M
2019: €956k
2020: €-2.54M
2021: €-2.50M
2022: €-7.58M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€2.77M-€2.88M▲ 4.1%€2.28M▼ 20.7%€3.13M▲ 37.1%
Equity€25.72M-€18.44M▼ 28.3%€18.77M▲ 1.8%€18.71M▼ 0.3%€8.14M▼ 56.5%
Operating result€424k-€910k▲ 115%€534k▼ 41.3%€375k▼ 29.8%€2.50M▲ 567%
Net result€385k-€1.97M▲ 411%€328k▼ 83.3%€75k▼ 77.1%€3.56M▲ 4,641%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 567% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €59.52M
Fixed assets
€37.96M ▼ 16.7%
Current assets
€21.56M ▲ 70.5%
Equity and liabilities €59.52M
Equity
€8.14M ▼ 56.5%
Debt
€51.38M ▲ 30.0%
Debt's share of the balance-sheet total rises from 67.9% to 86.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.56M▲
2022 · €400k
Cash flow
€3.61M▲
2022 · €100k
Current ratio
0.58▼
2022 · 0.63
Debt to equity
6.31▲
2022 · 2.11
ROE
43.7%▲
2022 · 0.4%
ROA
6.0%▲
2022 · 0.1%
Interest coverage
2.16▲
2022 · 0.83
Debt ≤ 1 year
€37.30M▲
2022 · €20.22M
Debt > 1 year
€13.70M▼
2022 · €19.07M
Income taxes
€424k▲
2022 · €1k
Staff costs
€1.25M▲
2022 · €1,000k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 78 lines
Balance sheet
Code20222023
Assets
Total assets20/58€58.23M€59.52M▲
Fixed assets21/28€45.59M€37.96M▼
Intangible fixed assets21€52k€448k▲
Tangible fixed assets22/27€37k€40k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€34k€38k▲
Financial fixed assets28€45.50M€37.47M▼
Affiliated companies280/1€45.50M-
Participating interests280€39.42M-
Amounts receivable281€6.08M-
Current assets29/58€12.64M€21.56M▲
Amounts receivable within one year40/41€9.53M€15.10M▲
Trade receivables40€3.56M€6.27M▲
Other amounts receivable41€5.96M€8.82M▲
Cash at bank and in hand54/58€2.93M€6.34M▲
Deferred charges and accrued income490/1€187k€124k▼
Equity and liabilities
Total equity and liabilities10/49€58.23M€59.52M▲
Equity10/15€18.71M€8.14M▼
Contributions10/11€350k€350k=
Capital10€350k€350k=
Issued capital100€350k€350k=
Revaluation surpluses12€12.13M-
Reserves13€3.67M€3.67M=
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€194k€419k▲
Distributable reserves133€3.44M€3.22M▼
Profit (loss) carried forward14€2.56M€4.12M▲
Amounts payable17/49€39.52M€51.38M▲
Amounts payable after more than one year17€19.07M€13.70M▼
Financial debts170/4€19.07M€13.70M▼
Credit institutions173€13.07M-
Other loans174€6.00M-
Amounts payable within one year42/48€20.22M€37.30M▲
Current portion of amounts payable after more than one year42€1.33M€1.34M▲
Financial debts43€6.50M€4.00M▼
Credit institutions430/8€2.50M-
Other loans439€4.00M€4.00M=
Trade debts44€2.52M€4.74M▲
Suppliers440/4€2.52M€4.74M▲
Taxes, remuneration and social security45€351k€267k▼
Taxes450/3€246k€132k▼
Remuneration and social security454/9€105k€135k▲
Other amounts payable47/48€9.52M€26.96M▲
Accrued charges and deferred income492/3€222k€376k▲
Income statement
Code20222023
Operating income70/76A€4.47M-
Turnover70€3.13M-
Other operating income74€1.32M-
Non-recurring operating income76A€7k-
Operating charges60/66A€4.09M-
Services and other goods61€3.06M-
Remuneration, social security and pensions62€1,000k€1.25M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€52k▲
Other operating charges640/8€4k€26k▲
Gross operating margin9900-€3.83M
Operating profit (loss)9901€375k€2.50M▲
Financial income75/76B€359k€2.66M▲
Recurring financial income75€226k€404k▲
Income from current assets751€225k-
Other financial income752/9€2k-
Non-recurring financial income76B€133k€2.26M▲
Financial charges65/66B€658k€1.18M▲
Recurring financial charges65€658k€1.18M▲
Debt charges650€480k-
Other financial charges652/9€178k-
Profit (loss) for the period before taxes9903€76k€3.98M▲
Income taxes67/77€1k€424k▲
Taxes670/3€1k-
Profit (loss) for the period9904€75k€3.56M▲
Transfer from tax-exempt reserves789€89k€455k▲
Profit (loss) for the period to be appropriated9905€164k€4.01M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.65M€6.57M▲
Profit (loss) brought forward from the previous period14P€2.48M€2.56M▲
Transfer to equity691/2€89k€455k▲
To other reserves6921€89k€455k▲
Profit to be distributed694/7-€2.00M
Return on contributions (dividend)694-€2.00M
Social balance
Average headcount (FTE)908716.718.8▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-08
State Gazette act
General meeting · Merger
Accounting effect · Capital increase
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-05
State Gazette act
Merger · Capital increase
Share issue · Share cancellation
2023
31-12
Financial
Highest result since 2018net €3.56M ▲4641%
Operating result €2.50M, net result €3.56M, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €75k ▼77.1%
Net result drops to €75k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 200 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 200 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 326 days late
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 243 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 356 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 339 days late
2017
16-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 200 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:VP LAM HOLDING
Recognitions · licences · registrations
Legal Entity Identifier
9845007WKEC9EC4LC714