FABELAC
InactiveFABELAC was declared bankrupt on 15-11-2022 (Tribunal de l’entreprise du Hainaut, division Tournai); the bankruptcy was closed by liquidation by judgment of 24-03-2026, published in the Belgian State Gazette on 13-04-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
29 d late
2020
19 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,791
2020 · -€10,096
Working capital
€22,258▲ 77.1%
2020 · €12,565
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€15,529--€6,337▲ 59.2%€10,757
Net result-€20,460--€10,096▲ 50.7%€8,791
Equity€30,917-€20,821▼ 32.7%€29,613▲ 42.2%
Total assets€105,718-€85,154▼ 19.5%€80,376▼ 5.6%
Debt€74,800-€64,333▼ 14.0%€50,764▼ 21.1%
Working capital€19,659-€12,565▼ 36.1%€22,258▲ 77.1%
Staff (FTE)3.3-3▼ 9.1%3=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €10,757 after a loss of €6,337 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €80,376
Fixed assets
€7,355 ▼ 25.0%
Current assets
€73,021 ▼ 3.1%
Equity and liabilities €80,376
Equity
€29,613 ▲ 42.2%
Debt
€50,764 ▼ 21.1%
Debt's share of the balance-sheet total falls from 75.5% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,209▲
2020 · -€3,885
Cash flow
€11,243▲
2020 · -€7,644
Current ratio
1.44▲
2020 · 1.20
Quick ratio
0.60▲
2020 · 0.32
Debt to equity
1.71
ROE
29.7%▲
2020 · -48.5%
ROA
10.9%▲
2020 · -11.9%
Interest coverage
6.72
Debt ≤ 1 year
€50,764▼
2020 · €62,783
Staff costs
€71,190
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €71,190 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €495 | €2,452 | €2,452 | = |
| Other operating charges640/8 | - | - | €2,107 | - |
| Gross operating margin9900 | €158,987 | €70,779 | €86,505 | ▲ 22.2% |
| Operating profit (loss)9901 | -€15,529 | -€6,337 | €10,757 | ▲ 270% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | €61 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €1,966 | - |
| Recurring financial charges65 | €4,997 | €3,759 | €1,966 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | -€20,465 | -€10,096 | €8,791 | ▲ 187% |
| Income taxes67/77 | -€5 | €0 | - | - |
| Profit (loss) for the period9904 | -€20,460 | -€10,096 | €8,791 | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | -€20,460 | -€10,096 | €8,791 | ▲ 187% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €105,718 | €85,154 | €80,376 | ▼ 5.6% |
| Fixed assets21/28 | €12,258 | €9,807 | €7,355 | ▼ 25.0% |
| Intangible fixed assets21 | €0 | - | - | - |
| Tangible fixed assets22/27 | €12,258 | €9,807 | €7,355 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | €7,355 | - |
| Current assets29/58 | €93,459 | €75,348 | €73,021 | ▼ 3.1% |
| Stocks and contracts in progress3 | €57,451 | €55,328 | €42,691 | ▼ 22.8% |
| Stocks30/36 | - | - | €42,691 | - |
| Amounts receivable within one year40/41 | €35,069 | €19,661 | €22,338 | ▲ 13.6% |
| Trade receivables40 | - | - | €22,338 | - |
| Cash at bank and in hand54/58 | €939 | €52 | €7,733 | ▲ 14,643% |
| Deferred charges and accrued income490/1 | - | - | €260 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €105,718 | €85,154 | €80,376 | ▼ 5.6% |
| Equity10/15 | €30,917 | €20,821 | €29,613 | ▲ 42.2% |
| Contributions10/11 | €18,600 | - | €18,600 | - |
| Reserves13 | €14,159 | €14,159 | €14,159 | = |
| Non-distributable reserves130/1 | - | - | €2,289 | - |
| Reserves not available under the articles1311 | - | - | €2,289 | - |
| Tax-exempt reserves132 | - | - | €7,531 | - |
| Distributable reserves133 | - | - | €4,340 | - |
| Profit (loss) carried forward14 | -€1,842 | -€11,938 | -€3,147 | ▲ 73.6% |
| Provisions and deferred taxes16 | €0 | - | - | - |
| Amounts payable17/49 | €74,800 | €64,333 | €50,764 | ▼ 21.1% |
| Amounts payable within one year42/48 | €73,800 | €62,783 | €50,764 | ▼ 19.1% |
| Trade debts44 | €35,381 | €24,782 | €26,245 | ▲ 5.9% |
| Suppliers440/4 | - | - | €26,245 | - |
| Taxes, remuneration and social security45 | - | - | €23,902 | - |
| Taxes450/3 | - | - | €8,188 | - |
| Remuneration and social security454/9 | - | - | €15,715 | - |
| Other amounts payable47/48 | - | - | €616 | - |
| Accrued charges and deferred income492/3 | - | - | €0 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,460 | -€10,096 | €8,791 | ▲ 187% |
| + Depreciation and write-downs630 | €495 | €2,452 | €2,452 | = |
| Operating cash flow (approximation) | -€19,965 | -€7,644 | €11,243 | ▲ 247% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€887 | €7,680 | ▲ 966% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
13-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Tournai · event 24-03-2026
2022
28-11
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 15-11-2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Back to profitnet €8,791
Net result €8,791 after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2014
15-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
02-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 32 days late
2012
06-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 6 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER MERCIER RUE DES VILLAS 6,
7700 MOUSCRON- .
Date provisoire de cessation de paiement : 15/11/2022 |
15-11-2022 → 24-03-2026 |