FLAMENCOS
Open bankruptcyA bankruptcy procedure is open for FLAMENCOS according to publications in the Belgian State Gazette; curator: JOOST PEETERS. The file additionally contains 1 administrative flag.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 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 10-08-2022, 10 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
10 d late
2020
374 d late
2019
7 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, micro schema
Turnover
€171k▲ 0.9%
2018 · €170k
2018: €170k
2018 → 2019
EBIT margin
-0.9%▲ 4.3pp
2018 · -5.1%
2018: -5.1%
2018 → 2019
Net result
€20k
2020 · €-4k
2018: €-11k
2019: €-2k
2020: €-4k
2018 → 2021
Working capital
€5k
2020 · €-42k
2018: €6k
2019: €76k
2020: €-42k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€170k-€171k▲ 0.9%
Equity€8k-€6k▼ 19.4%€-15k€5k
Operating result€-9k-€-2k▲ 82.6%€-4k▼ 135%€20k
Net result€-11k-€-2k▲ 85.7%€-4k▼ 148%€20k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €20k after a loss of €4k in 2020, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €47k
Equity
€5k
Debt
€42k
Debt finances 89.6% of the balance-sheet total.
Key figures and ratios
Solvency
10.4%▲
2020 · -5.3%
Current ratio
1.12▲
2020 · 0.80
Quick ratio
1.12▲
2020 · 0.80
Debt / equity
8.62▲
2020 · -19.93
ROE
398.9%
ROA
41.5%▲
2020 · -1.4%
Debt
€42k▼
2020 · €293k
Debt ≤ 1 year
€42k▼
2020 · €215k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€278k€47k▼
Fixed assets21/28€106k-
Intangible fixed assets21€60k-
Tangible fixed assets22/27€33k-
Plant, machinery and equipment23€33k-
Financial fixed assets28€13k-
Current assets29/58€173k€47k▼
Amounts receivable within one year40/41€173k€47k▼
Trade receivables40€166k€45k▼
Other amounts receivable41€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€278k€47k▼
Equity10/15€-15k€5k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-33k€-14k▲
Amounts payable17/49€293k€42k▼
Amounts payable after more than one year17€78k-
Financial debts170/4€78k-
Amounts payable within one year42/48€215k€42k▼
Trade debts44€58k€605▼
Suppliers440/4€58k€605▼
Taxes, remuneration and social security45€26k-
Taxes450/3€18k-
Remuneration and social security454/9€8k-
Other amounts payable47/48€132k€42k▼
Income statement
Code20202021
Remuneration, social security and pensions62€26k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k-
Other operating charges640/8€694€24k▲
Gross operating margin9900€40k€44k▲
Operating profit (loss)9901€-4k€20k▲
Financial charges65/66B€194-
Recurring financial charges65€194-
Profit (loss) for the period before taxes9903€-4k€20k▲
Profit (loss) for the period9904€-4k€20k▲
Profit (loss) for the period to be appropriated9905€-4k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-14k▲
Profit (loss) brought forward from the previous period14P€-29k€-33k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-05
KBO administration
Address struck
2024
23-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLAMENCOS BVBA KERNE- NERGIESTRAAT 19 BUS 2091 · event 17-10-2024
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 374 days late
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 383 days late
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOOST PEETERS HAANTJESLEI 69A,
2018 ANTWERPEN 1 |
17-10-2024 → present |
Company data · Crossroads Bank
Identification
Legal formBVBA
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.