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FALSENHOEVE

Bankruptcy closed
Private limited company (pre-2019)KBO/BCE: BE 0831.712.840

Inactive since 14-10-2026; last annual accounts for financial year 2022.

Summary

FALSENHOEVE was declared bankrupt on 19-03-2024 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 13-10-2026, published in the Belgian Official Gazette on 19-10-2026.

FALSENHOEVEBankruptcy closed

Financials · financial year 2022, micro format

2022 annual accounts filed late (8 days) Filed on 8 May 2023, deadline 30 April 2023 (7 months after the close on 30 September 2022, Companies Code art. 3:10). Source: NBB, 2023-00082502.

Equity
-€35,410▼ 283%
2021 · -€9,250
Total assets
€58,676▲ 7.4%
2021 · €54,608
Net result
-€26,160
2021 · €24,536
Working capital
-€11,542▼ 13.1%
2021 · -€10,206
Trend over the years

2019 to 2022, 4 financial years 2019 to 2022, 4 financial years

The operating result turns negative in 2022: a loss of €22,027 after €27,311 in 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€22,027 2022 Net result-€26,160 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022
Operating result€372--€35,927€27,311-€22,027
Net result-€7,732--€40,136▼ 419%€24,536-€26,160
Equity€6,349--€33,786-€9,250▲ 72.6%-€35,410▼ 283%
Total assets€66,469-€38,228▼ 42.5%€54,608▲ 42.9%€58,676▲ 7.4%
Debt€60,120-€72,014▲ 19.8%€63,859▼ 11.3%€94,087▲ 47.3%
Working capital€1,228--€35,447-€10,206▲ 71.2%-€11,542▼ 13.1%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €58,676
Fixed assets €615 ▼ 35.7%
Current assets €58,061 ▲ 8.2%
Equity and liabilities
Equity-€35,410
Debt€94,087
Equity is negative: debt (€94,087) exceeds the balance-sheet total (€58,676).
Key figures and ratios
2022 value · change against 2021
EBITDA
-€21,686▼
2021 · €27,641
Cash flow
-€25,819▼
2021 · €24,867
Solvency
-60.3%▼
2021 · -16.9%
Current ratio
0.83▼
2021 · 0.84
Quick ratio
0.69▲
2021 · 0.37
ROA
-44.6%▼
2021 · 44.9%
Interest coverage
-5.22▼
2021 · 8.56
Debt ≤ 1 year
€69,604▲
2021 · €63,859
Debt > 1 year
€24,483▲
2021 · €0
Income taxes
€0▼
2021 · €104
Staff costs
€0▼
2021 · €52
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 49 lines
Balance sheet Code20212022
Assets
Total assets20/58€54,608€58,676▲
Fixed assets21/28€956€615▼
Tangible fixed assets22/27€956€615▼
Plant, machinery and equipment23€956€615▼
Furniture and vehicles24€0-
Current assets29/58€53,652€58,061▲
Stocks and contracts in progress3€30,193€10,200▼
Stocks30/36€2,733€200▼
Contracts in progress37€27,460€10,000▼
Amounts receivable within one year40/41€23,459€47,861▲
Trade receivables40€17,309€45,096▲
Other amounts receivable41€6,151€2,765▼
Equity and liabilities
Total equity and liabilities10/49€54,608€58,676▲
Equity10/15-€9,250-€35,410▼
Contributions10/11€12,400€12,400=
Reserves13€863€863=
Non-distributable reserves130/1€863€863=
Reserves not available under the articles1311€863€863=
Profit (loss) carried forward14-€22,514-€48,674▼
Amounts payable17/49€63,859€94,087▲
Amounts payable after more than one year17€0€24,483▲
Financial debts170/4€0-
Other amounts payable178/9€0€24,483▲
Amounts payable within one year42/48€63,859€69,604▲
Current portion of amounts payable after more than one year42€4,839€0▼
Financial debts43€28,698€13,400▼
Credit institutions430/8€28,698€13,400▼
Trade debts44€30,322€56,204▲
Suppliers440/4€30,322€56,204▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Income statement Code20212022
Non-recurring operating income76A€5,023€0▼
Remuneration, social security and pensions62€52€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€331€341▲
Other operating charges640/8€644€1,143▲
Non-recurring operating charges66A€5,094€0▼
Gross operating margin9900€33,431-€20,544▼
Operating profit (loss)9901€27,311-€22,027▼
Financial income75/76B€558€22▼
Recurring financial income75€558€22▼
Financial charges65/66B€3,228€4,154▲
Recurring financial charges65€3,228€4,154▲
Profit (loss) for the period before taxes9903€24,640-€26,160▼
Income taxes67/77€104€0▼
Profit (loss) for the period9904€24,536-€26,160▼
Profit (loss) for the period to be appropriated9905€24,536-€26,160▼
Appropriation of the result
Profit (loss) to be appropriated9906-€22,514-€48,674▼
Profit (loss) brought forward from the previous period14P-€47,050-€22,514▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022Change
Non-recurring operating income76A--€5,023€0▼ 100%
Remuneration, social security and pensions62--€52€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,376€8,189€331€341▲ 3.1%
Other operating charges640/8--€644€1,143▲ 77.3%
Non-recurring operating charges66A--€5,094€0▼ 100%
Gross operating margin9900€12,177-€19,848€33,431-€20,544-
Operating profit (loss)9901€372-€35,927€27,311-€22,027-
Financial income75/76B--€558€22▼ 96.1%
Recurring financial income75€86€11€558€22▼ 96.1%
Financial charges65/66B--€3,228€4,154▲ 28.7%
Recurring financial charges65€7,844€3,904€3,228€4,154▲ 28.7%
Profit (loss) for the period before taxes9903-€7,386-€39,820€24,640-€26,160-
Income taxes67/77€346€315€104€0▼ 100%
Profit (loss) for the period9904-€7,732-€40,136€24,536-€26,160-
Profit (loss) for the period to be appropriated9905-€7,732-€40,136€24,536-€26,160-
Line2019202020212022Change
Assets
Total assets20/58€66,469€38,228€54,608€58,676▲ 7.4%
Fixed assets21/28€21,410€13,457€956€615▼ 35.7%
Tangible fixed assets22/27€21,410€13,457€956€615▼ 35.7%
Plant, machinery and equipment23--€956€615▼ 35.7%
Furniture and vehicles24--€0--
Current assets29/58€45,059€24,771€53,652€58,061▲ 8.2%
Stocks and contracts in progress3€3,588€1,167€30,193€10,200▼ 66.2%
Stocks30/36--€2,733€200▼ 92.7%
Contracts in progress37--€27,460€10,000▼ 63.6%
Amounts receivable within one year40/41€18,864€16,550€23,459€47,861▲ 104%
Trade receivables40--€17,309€45,096▲ 161%
Other amounts receivable41--€6,151€2,765▼ 55.0%
Equity and liabilities
Total equity and liabilities10/49€66,469€38,228€54,608€58,676▲ 7.4%
Equity10/15€6,349-€33,786-€9,250-€35,410▼ 283%
Contributions10/11€12,400-€12,400€12,400=
Reserves13€863€863€863€863=
Non-distributable reserves130/1--€863€863=
Reserves not available under the articles1311--€863€863=
Profit (loss) carried forward14-€6,914-€47,050-€22,514-€48,674▼ 116%
Amounts payable17/49€60,120€72,014€63,859€94,087▲ 47.3%
Amounts payable after more than one year17€16,289€11,796€0€24,483-
Financial debts170/4--€0--
Other amounts payable178/9--€0€24,483-
Amounts payable within one year42/48€43,831€60,218€63,859€69,604▲ 9.0%
Current portion of amounts payable after more than one year42--€4,839€0▼ 100%
Financial debts43--€28,698€13,400▼ 53.3%
Credit institutions430/8--€28,698€13,400▼ 53.3%
Trade debts44€13,303€22,617€30,322€56,204▲ 85.4%
Suppliers440/4--€30,322€56,204▲ 85.4%
Advances received on contracts in progress46--€0--
Taxes, remuneration and social security45--€0--
Taxes450/3--€0--
Line2019202020212022Change
Profit (loss) for the period9904-€7,732-€40,136€24,536-€26,160-
+ Depreciation and write-downs630€8,376€8,189€331€341▲ 3.1%
Operating cash flow (approximation)€644-€31,946€24,867-€25,819-
Investment in fixed assets (approximation)--€236€12,170€0▼ 100%

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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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
30-09-2022 micro format 08-05-2023 2023-00082502
30-09-2021 micro format 02-05-2022 2022-20016331
30-09-2020 micro format 30-04-2021 2021-12500477
30-09-2019 micro format 23-07-2020 2020-32900273
30-09-2018 micro format 04-04-2019 2019-09400482
30-09-2017 micro format 30-03-2018 2018-08700334
30-09-2016 abbreviated format 27-04-2017 2017-10400547
30-09-2015 abbreviated format 21-06-2016 2016-20200111
30-09-2014 abbreviated format 24-06-2015 2015-21000258
30-09-2013 abbreviated format 23-04-2014 2014-09600326

Show all 11 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.