FALSENHOEVE
Bankruptcy closedInactive 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.
Overview
Activity
Activity not known
Size
€58,676total assets 2022
- Equity
- -€35,410
- Loss
- -€26,160
Turnover not published (micro format)
Financial health
Bankruptcy closed: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises riskBankruptcy closed2022 accounts filed 8 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2022 accounts filed 8 days late
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 08-05-2023, 8 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2022
8 days late
2021
2 days late
2020
on the day
2019
84 days late
2018
26 days early
2017
31 days early
2016
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (by liquidation)Enterprise Court of Ghent, Kortrijk…
- OpeningEnterprise Court of Ghent, Kortrijk…
- Annual accounts filedfinancial year 2022 · micro…
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
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€58,676
2022
Equity-€35,410
2022
Debt€94,087
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€11,542
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
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
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| 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 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| 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 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| 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.
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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Marian Rapsaet Minister Tacklaan 51, 8500 Kortrijk |
19-03-2024 → 13-10-2026 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2026
19-10
Bankruptcy
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Kortrijk division · judgment of 13-10-2026
2024
25-03
Bankruptcy
Opening
Enterprise Court of Ghent, Kortrijk division · judgment of 19-03-2024
2023
08-05
NBB filing
Annual accounts filed
financial year 2022 · micro format · 8 days late
2022
02-05
NBB filing
Annual accounts filed
financial year 2021 · micro format · 2 days late
2021
30-09
Financial
Back to profitnet €24,536
Net result €24,536 after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
30-09
Financial
Weakest financial yearnet -€40,136
Net result drops to -€40,136, the lowest in the series.
23-07
NBB filing
Annual accounts filed
financial year 2019 · micro format · 84 days late
2019
04-04
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
30-03
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
27-04
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
21-06
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 52 days late
2015
24-06
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 55 days late
2014
23-04
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Inactive
Inactive since October 2026
FALSENHOEVE has not been in the KBO register since 14 October 2026.
- Status
- Inactiveout of the register since 14 October 2026
- Reason
- Opening faillissement
- Last annual accounts
- financial year to 30 September 2022
- Last registered office
- Tombroekmolenstraat 26, 8510 Rollegemas published on 10 December 2010
- Legal form
- Private limited company (pre-2019)
- Active since
- 8 December 2010
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kortrijk
Ground area
4,453 m²
Building footprint
694 m²
Building volume
3,243 m³
Parcel 34033D0068/00D000, Flanders · tallest building 8.4 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34033D0068/00D000 | Flanders | 4,453 m² | 1 · 694 m² | 8.4 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.