Skip to content

FLASH-SOLUTIONS

Active
Private limited company·Cafés en bars· 9 yrs active
Lieremanstraat 48 ·9000 Gent, Belgium
Open bankruptcy
KBO/BCE: BE 0671.704.016
Watch Print / PDF
Belgian State Gazette acts: 0 of 6 read
Age9 yrs
Real estate2 parcels · 3,208 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for FLASH-SOLUTIONS according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-32k) and a net result of €-51k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 event
31-03-2022
Bankruptcy Opening
Date: 24-03-2022 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLASH-SOLUTIONS BV LIERE- MANSTRAAT 48, 9000 GENT · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 21-08-2021, 21 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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2020, that is 31-07-2021.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not confirmed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 21-08-2021 21 d late 2021-52700022
31-12-2019 31-07-2020 18-10-2020 79 d late 2020-62000393
31-12-2018 31-07-2019 29-09-2019 60 d late 2019-68100201

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€380k+1744.2%
EBIT margin-5.2%+10.6pp
Net result€-51k-64.6%
Working capital€-32k-166.0%
Directors1

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 21-08-2021 with the NBB · fiscal year 2020 · verkort
€-200k€0€200k€400kRevenue 2018: €34k€34kOperating result 2018: €-27k€-27kNet result 2018: €-27k€-27kRevenue 2019: €21k€21kOperating result 2019: €-3k€-3kNet result 2019: €-31k€-31kRevenue 2020: €380k€380kOperating result 2020: €-20k€-20kNet result 2020: €-51k€-51k201820192020
RevenueOperating resultNet result
Sector comparison
Fiscal year 2020 · NACE 56, Food & beverage service · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -136.5% 18.3%
better than 9% of 246 sector peers
Net result €-20k €296
better than 31% of 246 sector peers
Equity €-32k €27k
better than 25% of 247 sector peers
Gross operating margin €-20k €109k
better than 5% of 243 sector peers
Total assets €23k €264k
better than 7% of 246 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€380k
+1744.2% 18-20
Net profit
€-51k
-64.6% 18-20
Total assets
€23k
+2767.0% 18-20
Equity
€-32k
-163.8% 18-20
Working capital
€-32k
-166.0% 18-20
Debt
€55k
+328.2% 18-20
Debt ≤ 1y
€55k
+328.2% 18-20
Current ratio
0.42
+561.9% 18-20
Show 5 other metrics
Quick ratio
0.42
+561.9% 18-20
Solvency
-136.5%
+90.8% 18-20
ROE
158.2%
-37.6% 18-20
ROA
-216.0%
+94.3% 18-20
Net margin
-13.3%
+91.1% 18-20
Figures by fiscal year
Fiscal year2020
Depositverkort
Revenue€380k
EBITDA-
Net profit€-51k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€23k
Equity€-32k
Debt€55k
of which ≤ 1y€55k
of which > 1y-
Working capital€-32k
Employees (FTE)-
Ratios (computed)
2020
Current ratio0.42
Quick ratio0.42
Working capital ratio-137.6%
Solvency-136.5%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-13.3%
ROA-216.0%
ROE158.2%
EBITDA margin-
Days sales outstanding4d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€23k
Fixed assets 21/28€270
Financial fixed assets 28€270
Current assets 29/58€23k
Amounts receivable within one year 40/41€4k
Cash & bank 54/58€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€23k
Equity 10/15€-32k
Contributions / capital 10/11€19k
Accumulated profits (losses) 14€-51k
Amounts payable 17/49€55k
Amounts payable within one year 42/48€55k
Trade debts payable within one year 44€20k
Income statement
Turnover 70€380k
Gross operating margin 9900€-20k
Operating result 9901€-20k
Result before taxes 9903€-20k
Net result for the period 9904€-20k
Result to be appropriated 9905€-20k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

6 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator BENJAMIN VANDE CASTEELE
NOORDERLAAN 98, 2030 ANTWERPEN 3
 24-03-2022 → present Belgian State Gazette

Legal Structure

NACE primary Cafés en bars(56301)
Legal form Private limited company(610)
Incorporation21-02-2017
StatusActive
Postal code9000
First insolvency signal 31-03-2022
Latest insolvency signal 31-03-2022

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
FLASH-SOLUTIONS
Niet-gespecialiseerde groothandel in diepgevroren voedingsmiddelen
since 20172.261.808.188
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,208 m²
Buildings2
Building footprint954 m²
Volume (LiDAR)18,840 m³
Tallest building25.8 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1298/00C000 Flanders 3,154 m² 1 · 897 m² 25.8 m · 8 fl.
44816K0674/00V000 Flanders 54 m² 1 · 57 m² 10.9 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
31-03-2022
Bankruptcy Opening
Date: 24-03-2022 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLASH-SOLUTIONS BV LIERE- MANSTRAAT 48, 9000 GENT · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-03-31 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 act
Address history · 1
23-03-2022
Registered-office move
All acts · 1 updated 4 years ago
2022
23-03-2022 Registered office moved from Antwerpen to Gent Registered-office change
  • De Keyserlei 58/60 -2018 Antwerpen → Lieremansstraat 48-9000 Gent

Analysis

Financial profile

5 of 5 axes measured
Health0Profitability50Solvency0Growth55Stability0
21 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 50
Solvency 0
Growth 55
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 1,389 of the 13,923 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Cafés en bars56301
Primary activity highlighted.
Names & trade names
Legal nameNL FLASH-SOLUTIONS
Registered office
Lieremanstraat 48
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.