FLOKAT
Open bankruptcyA bankruptcy procedure is open for FLOKAT according to publications in the Belgian State Gazette; curator: LIESBET JACOBS.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 08-10-2023, 69 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
not filed
2022
69 d late
2021
27 d late
2020
30 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-87k▼ 57.5%
2021 · €-55k
2018: €28k
2019: €28k
2020: €-19k
2021: €-55k
2018 → 2022
Total assets
€77k▼ 16.0%
2021 · €91k
2018: €78k
2019: €78k
2020: €84k
2021: €91k
2018 → 2022
Net result
€-32k▲ 11.9%
2021 · €-36k
2018: €8k
2019: €64
2020: €-47k
2021: €-36k
2018 → 2022
Working capital
€-65k▼ 258%
2021 · €-18k
2018: €28k
2019: €28k
2020: €-18k
2021: €-18k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€28k-€28k▲ 0.2%€-19k€-55k▼ 188%€-87k▼ 57.5%
Operating result€17k-€6k▼ 64.0%€-41k€-29k▲ 30.2%€-17k▲ 40.3%
Net result€8k-€64▼ 99.2%€-47k€-36k▲ 24.0%€-32k▲ 11.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2022 against €29k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €77k
Fixed assets
€2k▲ 7,744%
Current assets
€75k▼ 18.3%
Key figures and ratios
EBITDA
€-17k▲
2021 · €-29k
Cash flow
€-32k▲
2021 · €-36k
Solvency
-113.2%▼
2021 · -60.4%
Current ratio
0.53▼
2021 · 0.83
Quick ratio
0.20▼
2021 · 0.40
Debt / equity
-1.88▲
2021 · -2.66
ROA
-41.3%▼
2021 · -39.4%
Interest coverage
-1.17▲
2021 · -3.59
Debt
€164k▲
2021 · €147k
Debt ≤ 1 year
€140k▲
2021 · €109k
Debt > 1 year
€20k▼
2021 · €35k
Income taxes
€641▼
2021 · €672
Staff costs
€31k▲
2021 · €15k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€91k€77k▼
Fixed assets21/28€28€2k▲
Tangible fixed assets22/27€28€2k▲
Plant, machinery and equipment23€0€2k▲
Other tangible fixed assets26€28€0▼
Current assets29/58€91k€75k▼
Stocks and contracts in progress3€47k€46k▼
Stocks30/36€47k€46k▼
Amounts receivable within one year40/41€17k€13k▼
Trade receivables40€17k€13k▼
Other amounts receivable41€78€109▲
Cash at bank and in hand54/58€25k€12k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€91k€77k▼
Equity10/15€-55k€-87k▼
Contributions10/11€13k€13k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-77k€-109k▼
Amounts payable17/49€147k€164k▲
Amounts payable after more than one year17€35k€20k▼
Financial debts170/4€35k€20k▼
Amounts payable within one year42/48€109k€140k▲
Current portion of amounts payable after more than one year42€8k€14k▲
Financial debts43-€32k
Credit institutions430/8-€32k
Trade debts44€22k€28k▲
Suppliers440/4€22k€28k▲
Taxes, remuneration and social security45€16k€12k▼
Taxes450/3€13k€5k▼
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€63k€54k▼
Accrued charges and deferred income492/3€2k€4k▲
Income statement
Code20212022
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€15k€31k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136€39▼
Other operating charges640/8€6k€2k▼
Gross operating margin9900€-7k€16k▲
Operating profit (loss)9901€-29k€-17k▲
Financial income75/76B€1k€635▼
Recurring financial income75€1k€635▼
Financial charges65/66B€8k€15k▲
Recurring financial charges65€8k€15k▲
Profit (loss) for the period before taxes9903€-35k€-31k▲
Income taxes67/77€672€641▼
Profit (loss) for the period9904€-36k€-32k▲
Profit (loss) for the period to be appropriated9905€-36k€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-109k▼
Profit (loss) brought forward from the previous period14P€-41k€-77k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
27-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · FLOKAT BVBA LEOPOLD- STRAAT 3-5, 2570 DUFFEL · event 21-08-2024
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-47k ▼73622%
Net result drops to €-47k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 67 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
2016
02-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 | LIESBET JACOBS GROENE LAAN 47, 2830 WILLE-
BROEK |
21-08-2024 → present |