FLAPPERHOF
ActiveSummary
The computed 12-month bankruptcy probability of FLAPPERHOF is 6.5% (elevated). The 2024 annual accounts show negative equity (-€4,134) and a net result of -€9,134. Its solvency ranks better than 14% of 3,904 sector peers (NACE 01, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-02-2024 Normal situation
- Activity
- Raising of sheep and goats NACE 01450and 2 others
- Establishment unit
- 2.355.870.474 3960 Bree, since 15-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 6.5%
- Turnover
- €65,112
- Loss
- €9,134
- Equity
- -€4,134
- Total assets
- €28,762
- Negative equity on 31-12-2024
- 2024 accounts filed 454 days after the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 454 days late; 1 of the last 3 accounts lateFigures for financial year 2024 (filed on 28-10-2026)Liquidity: current ratio 0.23, cash €53lowers riskSector: Crop and animal production, hunting and related service activities (NACE 01)Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 11% of them on solvency, 2% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its 2024 accounts 454 days after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 454 days after the deadline Filed on 28 October 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00570712.
Annual accounts 2024 filed on 28-10-2026 at the NBB
Investments
| Item | 2024 |
|---|---|
| Tangible fixed assets | €19,885 |
| Depreciation and write-downs of the year | €1,923 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as FLAPPERHOF: raising of sheep and goats (NACE 01450). They are comparable in size and age: total assets between €14,900 and €263,000, founded between 2017 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| FLAPPERHOF Bree | 2024 | €28,762 | -€4,134 | -€7,170 | €65,112 | -€9,134 | 2024 |
| Nick Van Horebeek Holsbeek | 2023 | €14,888 | €12,971 | €2,457 | - | €1,269 | 2025 |
| CHEVRERIE DU CORNET Cerfontaine | 2023 | €244,575 | -€123,391 | -€18,088 | - | -€66,311 | 2025 |
| 3C Eco projets Ham-sur-Heure-Nalinnes | 2025 | €89,384 | -€333 | -€1,185 | - | -€2,333 | 2025 |
| SCHAPENHOUDERIJ MICHIELS Ninove | 2025 | €263,165 | €8,490 | €8,361 | - | €3,490 | 2025 |
| 't Blatend Schaapje Oostrozebeke | 2018 | €17,997 | -€6,768 | €15,719 | - | €12,867 | 2025 |
| Rosa Canina Bassenge | 2017 | €47,512 | €15,983 | €40,067 | - | €1,572 | 2025 |
They were chosen from the 125 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as FLAPPERHOF has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLAPPERHOF itself: 6.5% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for FLAPPERHOF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2024 |
|---|---|
| Turnover70 | €65,112 |
| Goods, raw materials, services and sundry goods60/61 | €73,305 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,923 |
| Gross operating margin9900 | -€7,170 |
| Operating profit (loss)9901 | -€9,093 |
| Financial charges65/66B | €41 |
| Recurring financial charges65 | €41 |
| Profit (loss) for the period before taxes9903 | -€9,134 |
| Profit (loss) for the period9904 | -€9,134 |
| Profit (loss) for the period to be appropriated9905 | -€9,134 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €28,762 | |
| Formation expenses20 | €2,857 | |
| Fixed assets21/28 | €18,480 | |
| Tangible fixed assets22/27 | €18,480 | |
| Land and buildings22 | €2,086 | |
| Plant, machinery and equipment23 | €16,394 | |
| Current assets29/58 | €7,425 | |
| Stocks and contracts in progress3 | €0 | |
| Stocks30/36 | €0 | |
| Amounts receivable within one year40/41 | €7,371 | |
| Other amounts receivable41 | €7,371 | |
| Cash at bank and in hand54/58 | €53 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €28,762 | |
| Equity10/15 | -€4,134 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | -€9,134 | |
| Amounts payable17/49 | €32,896 | |
| Amounts payable within one year42/48 | €32,896 | |
| Trade debts44 | €32,760 | |
| Suppliers440/4 | €32,760 | |
| Taxes, remuneration and social security45 | €36 | |
| Taxes450/3 | €36 | |
| Other amounts payable47/48 | €100 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€9,134 |
| + Depreciation and write-downs630 | €1,923 |
| Operating cash flow (approximation) | -€7,211 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-10-2026 | 2026-00570712 | NBB |
Board & ownership
Directors
Owners and capital
Shareholders
- CASTERMANS Levi founder
- CASTERMANS Jens founder
Capital transactions
- 19-02-2024 Incorporation · €5,000 · 100 shares
Articles of association
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Hernieuwbare termijn van drie jaar, Wanneer het door de wet vereist is en binnen de wettelijke grenzen, wordt het toezicht op de…”
Articles of association, deed of 19-02-2024 (in Dutch)
Network & group
FLAPPERHOF shares no director with another company.
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of FLAPPERHOF. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-02
Gazette deed
IncorporationStarting capital €5,000 · Appointment: CASTERMANS Jens (director) · Founder10 points ▸
- Incorporation, 07-02-2024
- Founder, CASTERMANS Levi
- Founder, CASTERMANS Jens
- Founding capital, €5,000
- Board rule, 1
- Director appointment, CASTERMANS Jens (director (not named in the articles))
- Registered office clause, “3960 Bree, Abroxweg 51” (deed in Dutch)
- Power of attorney, SBB Gecertificeerde Accountants en Adviseurs
- Power of attorney, SBB Bedrijfsdiensten
- Power of attorney, Bart Van Der Meersch
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- De exploitatie van een landbouw-, tuinbouw- of veeteeltbedrijf, in al zijn aspecten, in het kader van de landbouwexploitatie, met de bedoeling om de producten die ze voortbrengen of de dieren, zelf te verkopen
- Fokken van melkgeiten
- Houden van melkgeiten voor de melkproductie
- Alle handels- en nijverheidsverrichtingen in verband met de productie, de verwerking en de afzet van landbouwproducten, in het bijzonder de zuivelproducten en zuivelderivaten
- Zowel groot- als detailhandel in levensmiddelen
- Verkoop van melkproducten, aan huis, in niet-gespecialiseerde winkels en op markten
- Uitbaten van een hoevewinkel en verbredende activiteiten rond landbouwbedrijven (bedrijfsbezoeken, kampen, en dergelijke)
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72403A1515/00M000 | Flanders | 8,043 m² | 1 · 1,107 m² | - |