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De Faar

Open bankruptcy
Private limited companyfounded 2020Fortstraat 10, 8400 Oostende, BelgiumKBO/BCE: BE 0759.857.220

A bankruptcy procedure is open for De Faar according to publications in the Belgian State Gazette; curator: SABINE DE WISPELAERE.

Summary

The 2021 annual accounts show negative equity (-€147,928) and a net result of -€177,928.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ostend division
Declared bankrupt
24 April 2023
Supervising judge
Wilfried Jacobs
Official Gazette
28-04-2023 (pdf) ↗search the document for 2023/116755

Deadlines

Provisional date payments stopped
24 April 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 13 May 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 24 May 2023art. XX.104 and XX.155 CEL
First verification report
passed on 23 June 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 24 April 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-06-2022, 51 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2021
51 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2021 accounts 51 days before the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

De Faar was incorporated on 16 December 2020 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2021.2 On 24 April 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021
  3. 3Belgian State Gazette, 28-04-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€147,928
Total assets
€218,329
Net result
-€177,928
Working capital
-€185,375

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €215,993
Fixed assets €152,728
Current assets €63,264
Key figures and ratios
2021 value
EBITDA
-€151,523
Cash flow
-€156,176
Solvency
-67.8%
Current ratio
0.25
Quick ratio
0.06
Debt to equity
-2.48
ROA
-81.5%
Interest coverage
-30.34
Debt
€366,258
Debt ≤ 1 year
€248,639
Debt > 1 year
€117,619
Staff costs
€101,906
Annual accounts
Filed annual accounts As filed with the NBB · 2021 · 43 lines
Balance sheet Code2021
Assets
Total assets20/58€218,329
Formation expenses20€2,337
Fixed assets21/28€152,728
Intangible fixed assets21€1,062
Tangible fixed assets22/27€151,466
Plant, machinery and equipment23€36,659
Furniture and vehicles24€33,264
Other tangible fixed assets26€81,543
Financial fixed assets28€200
Current assets29/58€63,264
Stocks and contracts in progress3€48,894
Stocks30/36€48,894
Amounts receivable within one year40/41€5,010
Other amounts receivable41€5,010
Cash at bank and in hand54/58€9,361
Equity and liabilities
Total equity and liabilities10/49€218,329
Equity10/15-€147,928
Contributions10/11€30,000
Profit (loss) carried forward14-€177,928
Amounts payable17/49€366,258
Amounts payable after more than one year17€117,619
Financial debts170/4€117,619
Amounts payable within one year42/48€248,639
Current portion of amounts payable after more than one year42€20,103
Trade debts44€86,749
Suppliers440/4€86,749
Taxes, remuneration and social security45€23,711
Taxes450/3€3,482
Remuneration and social security454/9€20,230
Other amounts payable47/48€118,076
Income statement Code2021
Remuneration, social security and pensions62€101,906
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,752
Other operating charges640/8€1,780
Gross operating margin9900-€47,837
Operating profit (loss)9901-€173,275
Financial income75/76B€341
Recurring financial income75€341
Financial charges65/66B€4,994
Recurring financial charges65€4,994
Profit (loss) for the period before taxes9903-€177,928
Profit (loss) for the period9904-€177,928
Profit (loss) for the period to be appropriated9905-€177,928
Appropriation of the result
Profit (loss) to be appropriated9906-€177,928

The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021
Remuneration, social security and pensions62€101,906
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,752
Other operating charges640/8€1,780
Gross operating margin9900-€47,837
Operating profit (loss)9901-€173,275
Financial income75/76B€341
Recurring financial income75€341
Financial charges65/66B€4,994
Recurring financial charges65€4,994
Profit (loss) for the period before taxes9903-€177,928
Profit (loss) for the period9904-€177,928
Profit (loss) for the period to be appropriated9905-€177,928
Line2021
Assets
Total assets20/58€218,329
Formation expenses20€2,337
Fixed assets21/28€152,728
Intangible fixed assets21€1,062
Tangible fixed assets22/27€151,466
Plant, machinery and equipment23€36,659
Furniture and vehicles24€33,264
Other tangible fixed assets26€81,543
Financial fixed assets28€200
Current assets29/58€63,264
Stocks and contracts in progress3€48,894
Stocks30/36€48,894
Amounts receivable within one year40/41€5,010
Other amounts receivable41€5,010
Cash at bank and in hand54/58€9,361
Equity and liabilities
Total equity and liabilities10/49€218,329
Equity10/15-€147,928
Contributions10/11€30,000
Profit (loss) carried forward14-€177,928
Amounts payable17/49€366,258
Amounts payable after more than one year17€117,619
Financial debts170/4€117,619
Amounts payable within one year42/48€248,639
Current portion of amounts payable after more than one year42€20,103
Trade debts44€86,749
Suppliers440/4€86,749
Taxes, remuneration and social security45€23,711
Taxes450/3€3,482
Remuneration and social security454/9€20,230
Other amounts payable47/48€118,076
Line2021
Profit (loss) for the period9904-€177,928
+ Depreciation and write-downs630€21,752
Operating cash flow (approximation)-€156,176

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
28-04
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 24-04-2023
2022
10-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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
Registered office, Oostende · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,425 m²
Building footprint
1,043 m²
Volume, LiDAR
29,776 m³
Parcel 35382B0032/00C009, Flanders · tallest building 54.7 m, ±9 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
DE FAAR
Fortstraat 10, 8400 OostendeAgents in the wholesale of furniture, household goods and hardware
since 20202.311.110.716
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35382B0032/00C009 Flanders 2,425 m² 1 · 1,043 m² 54.7 m · 9 fl.
Linked by address, not proof of ownership
Good to know
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

1 mandate
Role Name Tenure
Curator SABINE DE WISPELAERE
ZEEPZIEDERIJSTRAAT 8, 8200 02 BRUGGE
24-04-2023 → present

Identification & contact

Identification
Legal formPrivate limited company
Founded16-12-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.