FLEMISHIN
InactiveFLEMISHIN was declared bankrupt on 27-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 17-06-2025, published in the Belgian State Gazette on 23-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three 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 31-12-2024, 2 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 · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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
61 d late
2022
31 d late
2021
24 d late
2020
30 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 40 days after the deadline; 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
Financials · fiscal year 2023, micro schema
Equity
-€226,356▼ 49.6%
2022 · -€151,281
Total assets
€335,391▲ 32.0%
2022 · €254,100
Net result
-€75,525
2022 · €14,824
Working capital
-€112,836▲ 46.7%
2022 · -€211,637
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
Line20192020202120222023
Operating result€16,811▼ 48.6%€2,622▼ 84.4%-€261,862€22,698-€61,752
Net result€9,668▼ 43.8%€810▼ 91.6%-€267,574€14,824-€75,525
Equity€100,659▲ 10.6%€101,469▲ 0.8%-€166,105-€151,281▲ 8.9%-€226,356▼ 49.6%
Total assets€434,271▼ 36.6%€523,678▲ 20.6%€241,918▼ 53.8%€254,100▲ 5.0%€335,391▲ 32.0%
Debt€333,612▼ 43.8%€422,209▲ 26.6%€408,023▼ 3.4%€405,380▼ 0.6%€561,747▲ 38.6%
Working capital€89,056▼ 24.4%€69,620▼ 21.8%-€231,725-€211,637▲ 8.7%-€112,836▲ 46.7%
Staff (FTE)3.5▲ 40.0%3▼ 14.3%2.9▼ 3.3%1.8▼ 37.9%2.5▲ 38.9%
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 turns negative in 2023: a loss of €61,752 after €22,698 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €335,391
Fixed assets
€9,041 ▼ 85.1%
Current assets
€326,350 ▲ 68.8%
Key figures and ratios
EBITDA
-€39,128▼
2022 · €59,181
Cash flow
-€52,901▼
2022 · €51,307
Solvency
-67.5%▼
2022 · -59.5%
Current ratio
0.74▲
2022 · 0.48
Debt to equity
-2.48▲
2022 · -2.68
ROA
-22.5%▼
2022 · 5.8%
Interest coverage
-2.71▼
2022 · 7.69
Debt ≤ 1 year
€439,186▲
2022 · €405,018
Income taxes
€450▼
2022 · €659
Staff costs
€113,029▲
2022 · €66,034
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €80,869 | €66,034 | €113,029 | ▲ 71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,599 | €35,541 | €48,312 | €36,483 | €22,624 | ▼ 38.0% |
| Other operating charges640/8 | - | - | €3,833 | €9,670 | €4,257 | ▼ 56.0% |
| Non-recurring operating charges66A | - | - | - | - | €35,132 | - |
| Gross operating margin9900 | €185,721 | €126,928 | -€128,848 | €134,884 | €113,291 | ▼ 16.0% |
| Operating profit (loss)9901 | €16,811 | €2,622 | -€261,862 | €22,698 | -€61,752 | ▼ 372% |
| Financial income75/76B | - | - | €466 | €484 | €1,137 | ▲ 135% |
| Recurring financial income75 | €3,054 | €4,284 | €466 | €484 | €1,137 | ▲ 135% |
| Non-recurring financial income76B | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | €5,374 | €7,699 | €14,460 | ▲ 87.8% |
| Recurring financial charges65 | €5,330 | €5,299 | €5,374 | €7,699 | €14,460 | ▲ 87.8% |
| Profit (loss) for the period before taxes9903 | €14,535 | €1,555 | -€266,770 | €15,483 | -€75,075 | ▼ 585% |
| Income taxes67/77 | €4,867 | €745 | €803 | €659 | €450 | ▼ 31.8% |
| Profit (loss) for the period9904 | €9,668 | €810 | -€267,574 | €14,824 | -€75,525 | ▼ 609% |
| Profit (loss) for the period to be appropriated9905 | €9,668 | €810 | -€267,574 | €14,824 | -€75,525 | ▼ 609% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €434,271 | €523,678 | €241,918 | €254,100 | €335,391 | ▲ 32.0% |
| Fixed assets21/28 | €104,540 | €77,579 | €91,076 | €60,718 | €9,041 | ▼ 85.1% |
| Intangible fixed assets21 | €7,872 | €20,082 | €62,239 | €46,277 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €82,848 | €54,397 | €25,738 | €11,341 | €5,941 | ▼ 47.6% |
| Land and buildings22 | - | - | - | - | €398 | - |
| Plant, machinery and equipment23 | - | - | €10,746 | €5,562 | €2,762 | ▼ 50.3% |
| Furniture and vehicles24 | - | - | €14,992 | €3,744 | €2,781 | ▼ 25.7% |
| Other tangible fixed assets26 | - | - | - | €2,036 | €0 | ▼ 100% |
| Financial fixed assets28 | €13,820 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Current assets29/58 | €329,731 | €446,099 | €150,842 | €193,381 | €326,350 | ▲ 68.8% |
| Amounts receivable after more than one year29 | - | - | €2,611 | €0 | - | - |
| Other amounts receivable291 | - | - | €2,611 | €0 | - | - |
| Amounts receivable within one year40/41 | €283,091 | €120,306 | €99,079 | €122,444 | €116,481 | ▼ 4.9% |
| Trade receivables40 | - | - | €87,059 | €109,181 | €115,606 | ▲ 5.9% |
| Other amounts receivable41 | - | - | €12,021 | €13,263 | €875 | ▼ 93.4% |
| Cash at bank and in hand54/58 | €43,980 | €124,504 | €46,994 | €68,258 | €128,873 | ▲ 88.8% |
| Deferred charges and accrued income490/1 | - | - | €2,158 | €2,679 | €80,996 | ▲ 2,923% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €434,271 | €523,678 | €241,918 | €254,100 | €335,391 | ▲ 32.0% |
| Equity10/15 | €100,659 | €101,469 | -€166,105 | -€151,281 | -€226,356 | ▼ 49.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | - | - | €449 | - |
| Reserves13 | €82,059 | €82,869 | €82,869 | €82,869 | €82,869 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | €26,380 | €26,380 | €26,380 | = |
| Distributable reserves133 | - | - | €54,629 | €54,629 | €56,489 | ▲ 3.4% |
| Profit (loss) carried forward14 | - | - | -€267,574 | -€252,750 | -€328,274 | ▼ 29.9% |
| Amounts payable17/49 | €333,612 | €422,209 | €408,023 | €405,380 | €561,747 | ▲ 38.6% |
| Amounts payable after more than one year17 | €50,848 | €30,775 | €12,199 | €0 | - | - |
| Financial debts170/4 | - | - | €12,199 | €0 | - | - |
| Amounts payable within one year42/48 | €240,675 | €376,479 | €382,566 | €405,018 | €439,186 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | - | - | €23,970 | €12,199 | €0 | ▼ 100% |
| Financial debts43 | - | - | €200,000 | €200,000 | €251,240 | ▲ 25.6% |
| Credit institutions430/8 | - | - | €200,000 | €200,000 | €251,240 | ▲ 25.6% |
| Trade debts44 | €85,465 | €177,223 | €145,044 | €132,916 | €151,912 | ▲ 14.3% |
| Suppliers440/4 | - | - | €145,044 | €132,916 | €151,912 | ▲ 14.3% |
| Taxes, remuneration and social security45 | - | - | €10,453 | €59,903 | €34,802 | ▼ 41.9% |
| Taxes450/3 | - | - | €1,778 | €58,057 | €25,345 | ▼ 56.3% |
| Remuneration and social security454/9 | - | - | €8,674 | €1,846 | €9,458 | ▲ 412% |
| Other amounts payable47/48 | - | - | €3,100 | €0 | €1,233 | - |
| Accrued charges and deferred income492/3 | - | - | €13,258 | €362 | €122,561 | ▲ 33,761% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,668 | €810 | -€267,574 | €14,824 | -€75,525 | ▼ 609% |
| + Depreciation and write-downs630 | €35,599 | €35,541 | €48,312 | €36,483 | €22,624 | ▼ 38.0% |
| Operating cash flow (approximation) | €45,267 | €36,351 | -€219,261 | €51,307 | -€52,901 | ▼ 203% |
| Investment in fixed assets (approximation) | - | -€8,580 | -€61,810 | -€6,125 | €29,054 | ▲ 574% |
| Change in cash | - | €80,524 | -€77,510 | €21,264 | €60,615 | ▲ 185% |
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
2025
23-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 17-06-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
10-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 27-06-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €14,824
Net result €14,824 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Weakest financial yearnet -€267,574
Net result drops to -€267,574, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Equity above €100,000Eq €100,659 ▲10.6%
2 profitable years in a row build equity to €100,659.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Show earlier events
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN DEHAESE LUIKERSTEENWEG 187,
3500 HASSELT |
27-06-2024 → 17-06-2025 |
| Curator | JESSIE DECKMYN LUIKERSTEENWEG 187, 3500 HASSELT |
27-06-2024 → 17-06-2025 |
| Curator | LIEVE DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT- |
27-06-2024 → 17-06-2025 |