Active BE 0452.567.356Private limited company (pre-2019)Open bankruptcy

Farmelektronik

Statieplaats 20 ·8810 Lichtervelde, Belgium· 32 yrs active

Sector: Specialised construction (43240)

Conclusion Checked

A bankruptcy procedure is open for Farmelektronik according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €41k and a net result of €-42k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€41k
Net result	€-42k
Active	32 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

17 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 55

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 06-10-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

EBITDA

€-41k

— 19–20

Net profit

€-42k

— 19–20

Cash flow

€-41k

— 19–20

Total assets

€493k

-21.4% 19–20

Equity

€41k

-76.2% 19–20

Working capital

€232k

-36.6% 19–20

Income taxes

€65k

— 19–20

Dividends

€90k

-85.5% 19–20

Debt

€260k

-0.9% 19–20

Debt ≤ 1y

€260k

-0.3% 19–20

Current ratio

1.89

-21.3% 19–20

Quick ratio

1.89

-21.3% 19–20

Solvency

8.4%

-69.7% 19–20

ROE

-101.6%

— 19–20

ROA

-8.5%

— 19–20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	—
EBITDA	€-41k
Net profit	€-42k
Cash flow	€-41k
Staff costs	—
Income taxes	—
Dividends	€90k
Total assets	€493k
Equity	€41k
Debt	€260k
of which ≤ 1y	€260k
of which > 1y	—
Working capital	€232k
Employees (FTE)	—

Ratios (computed)

	2020
Current ratio	1.89
Quick ratio	1.89
Working capital ratio	47.0%
Solvency	8.4%
Debt / equity	—
Long-term debt ratio	—
Interest coverage	—
Gross margin	—
Net margin	—
ROA	-8.5%
ROE	-101.6%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2020

Assets

Fixed assets €1k · 0.3% Current assets €491k · 99.7%

Equity & liabilities

Equity €41k · 8.4% Provisions €192k · 39.0% Debt €260k · 52.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet — Assets
TOTAL ASSETS	20/58	€493k
Fixed assets	21/28	€1k
Tangible fixed assets	22/27	€1k
Current assets	29/58	€491k
Amounts receivable within one year	40/41	€330k
Cash & bank	54/58	€161k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€493k
Equity	10/15	€41k
Reserves	13	€12k
Provisions & deferred taxes	16	€192k
Amounts payable	17/49	€260k
Amounts payable within one year	42/48	€260k
Trade debts payable within one year	44	€253k
Income statement
Gross operating margin	9900	€-39k
Operating result	9901	€-42k
Financial charges	65	€115
Result before taxes	9903	€-42k
Net result for the period	9904	€-42k
Result to be appropriated	9905	€-42k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FRANCIS VOLCKAERT KAPELLESTRAAT 136 BLOK E, 8020 OOSTKAMP ↔ Also on 46 other cases	10-06-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43240)
Legal form	Private limited company (pre-2019)(015)
Incorporation	20-04-1994
Status	Active
Postal code	8810
First BS signal	14-06-2024
Latest BS signal	14-06-2024

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

FARMELEKTRONIK BVBA

Statieplaats 20, 8810 LichterveldeHandelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen

since 19942.066.931.032

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36011E0423/00X003	Flanders	382 m²	1 · 236 m²	14.0 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

14-06-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Oostende · FARMELEKTRONIK BV STATIE- PLAATS 20, 8810 LICHTERVELDE · event 10-06-2024

2023

06-10-2023