FARBICO
Open bankruptcyA bankruptcy procedure is open for FARBICO according to publications in the Belgian State Gazette; curator: CHRIS VANDIERENDONCK.
Summary
The 2015 annual accounts show negative equity (-€1.2m) and a net result of -€3.1m.
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
- 13 June 2019
- Supervising judge
- Jan Vercruysse
- Official Gazette
- 19-06-2019 (pdf) ↗search the document for 2019/132634
Deadlines
- Provisional date payments stopped
- 13 June 2019A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 4 July 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 July 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 12 August 2019Goods 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 13 June 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Chris VandierendonckKoning Albert- Straat 190, 8210 02 Veldegeminfo@cvdlaw.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 25-08-2016, 25 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
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2015, abbreviated schema
Equity
-€1.2m
2014 · €1.8m
Total assets
€677,188▼ 82.2%
2014 · €3.8m
Net result
-€3.1m▼ 28.3%
2014 · -€2.4m
Working capital
-€1.3m▼ 561%
2014 · -€191,398
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
Line20112012201320142015
Operating result€794-€64,970▲ 8,083%€102,907▲ 58.4%€17,420▼ 83.1%-€92,986
Net result€950,870-€303,619▼ 68.1%-€485,003-€2.4m▼ 391%-€3.1m▼ 28.3%
Equity€4.5m-€4.7m▲ 5.2%€4.2m▼ 10.4%€1.8m▼ 56.7%-€1.2m
Total assets€9.7m-€9.7m▲ 0.5%€9.3m▼ 4.5%€3.8m▼ 59.2%€677,188▼ 82.2%
Debt€5.2m-€5.0m▼ 3.5%€5.0m▲ 1.0%€1.9m▼ 62.1%€1.8m▼ 3.4%
Working capital€2.9m-€3.2m▲ 9.6%€2.5m▼ 20.2%-€191,398-€1.3m▼ 561%
Staff (FTE)0.2-
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2015: a loss of €92,986 after €17,420 in 2014, the lowest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €677,188
Fixed assets
€486,000 ▼ 87.1%
Current assets
€191,188 ▲ 487%
Key figures and ratios
EBITDA
-€65,986▼
2014 · €44,420
Cash flow
-€3.0m▼
2014 · -€2.4m
Solvency
-182.4%▼
2014 · 47.9%
Current ratio
0.13▼
2014 · 0.15
Debt to equity
-0.31▼
2014 · 0.92
ROA
-450.9%▼
2014 · -62.6%
Debt ≤ 1 year
€1.5m▲
2014 · €223,944
Debt > 1 year
€383,212▼
2014 · €1.7m
Income taxes
€0▼
2014 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,858 | €40,000 | €40,000 | €27,000 | €27,000 | = |
| Gross operating margin9900 | €73,229 | €112,739 | €157,676 | €69,556 | -€63,743 | ▼ 192% |
| Operating profit (loss)9901 | €794 | €64,970 | €102,907 | €17,420 | -€92,986 | ▼ 634% |
| Recurring financial income75 | €86,326 | €79,152 | €50,447 | €1,046 | €2 | ▼ 99.8% |
| Recurring financial charges65 | €356,921 | €357,601 | €329,476 | €125,468 | €96,406 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €945,245 | €297,992 | -€490,629 | -€2.4m | -€3.1m | ▼ 28.2% |
| Income taxes67/77 | €1 | - | €1 | €0 | €0 | ▼ 29.2% |
| Profit (loss) for the period9904 | €950,870 | €303,619 | -€485,003 | -€2.4m | -€3.1m | ▼ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €961,798 | €314,546 | -€474,076 | -€2.4m | -€3.0m | ▼ 28.4% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.7m | €9.7m | €9.3m | €3.8m | €677,188 | ▼ 82.2% |
| Fixed assets21/28 | €4.2m | €4.0m | €4.0m | €3.8m | €486,000 | ▼ 87.1% |
| Tangible fixed assets22/27 | €929,288 | €739,000 | €699,000 | €513,000 | €486,000 | ▼ 5.3% |
| Financial fixed assets28 | €3.3m | €3.3m | €3.3m | €3.3m | - | - |
| Current assets29/58 | €5.5m | €5.8m | €5.4m | €32,546 | €191,188 | ▲ 487% |
| Amounts receivable within one year40/41 | €3.3m | €3.5m | €3.4m | - | €190,200 | - |
| Current investments50/53 | €544 | €551 | €554 | €556 | €557 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €32,436 | €25,841 | €1,009 | €31,661 | €431 | ▼ 98.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.7m | €9.7m | €9.3m | €3.8m | €677,188 | ▼ 82.2% |
| Equity10/15 | €4.5m | €4.7m | €4.2m | €1.8m | -€1.2m | ▼ 168% |
| Contributions10/11 | €619,734 | €619,734 | €619,734 | €619,734 | €619,734 | = |
| Reserves13 | €3.8m | €4.1m | €3.6m | €1.2m | €204,030 | ▼ 83.0% |
| Profit (loss) carried forward14 | - | - | - | - | -€2.1m | - |
| Provisions and deferred taxes16 | €95,655 | €90,028 | €84,401 | €78,775 | €73,148 | ▼ 7.1% |
| Amounts payable17/49 | €5.2m | €5.0m | €5.0m | €1.9m | €1.8m | ▼ 3.4% |
| Amounts payable after more than one year17 | €2.4m | €2.2m | €2.0m | €1.7m | €383,212 | ▼ 77.2% |
| Amounts payable within one year42/48 | €2.6m | €2.6m | €2.8m | €223,944 | €1.5m | ▲ 550% |
| Trade debts44 | €74,783 | €13,392 | €23,801 | €22,910 | €15,644 | ▼ 31.7% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €950,870 | €303,619 | -€485,003 | -€2.4m | -€3.1m | ▼ 28.3% |
| + Depreciation and write-downs630 | €55,858 | €40,000 | €40,000 | €27,000 | €27,000 | = |
| Operating cash flow (approximation) | €1.0m | €343,619 | -€445,003 | -€2.4m | -€3.0m | ▼ 28.6% |
| Investment in fixed assets (approximation) | - | €150,288 | €0 | €159,000 | €3.3m | ▲ 1,947% |
| Change in cash | - | -€6,594 | -€24,832 | €30,651 | -€31,230 | ▼ 202% |
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
2019
19-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 13-06-2019
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
31-12
Financial
Weakest financial yearnet -€3.1m
Net result drops to -€3.1m, the lowest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 7 days late
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 13 days late
2013
02-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
20-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 20 days late
2011
24-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 24 days late
2010
27-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
09-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
25-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
13-07
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lichtervelde · 1 establishment unit since 1998
Ground area
1,137 m²
Building footprint
276 m²
Volume, LiDAR
2,358 m³
Parcel 36011F0178/00N000, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Potteriestraat 8, 8810 Lichtervelde
since 19982.039.505.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011F0178/00N000 | Flanders | 1,137 m² | 1 · 276 m² | 14.2 m · 3 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 | CHRIS VANDIERENDONCK KONING ALBERT-
STRAAT 190, 8210 02 VELDEGEM |
13-06-2019 → present |
Identification & contact
Identification
Legal formPublic limited company
Founded05-07-1988
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.