FLRX
Open bankruptcyA bankruptcy procedure is open for FLRX according to publications in the Belgian State Gazette; curator: MIEKE VERPLANCKE.
Summary
The 2022 annual accounts show negative equity (-€5.8m) and a net result of -€2.8m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 9 January 2024
- Official Gazette
- 16-01-2024 (pdf) ↗search the document for 2024/101430
Deadlines
- Provisional date payments stopped
- 29 December 2023Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 31 January 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 8 February 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 13 February 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 9 January 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mieke VerplanckeZuidstationstraat 34-36, 9000 Gentmieke.verplancke@vaneeghem.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-07-2023, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d early
2021
24 d early
2020
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?DETAELLENAERE-COPPENS · 4 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Manufacture of chemicals and chemical products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
-€5.8m▼ 95.6%
2021 · -€3.0m
Total assets
€10.8m▲ 14.1%
2021 · €9.5m
Net result
-€2.8m▼ 73.7%
2021 · -€1.6m
Working capital
-€1.7m
2021 · €208,723
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Operating result-€1.3m--€1.4m▼ 12.1%-€2.6m▼ 80.9%
Net result-€1.4mbelow the sector's middle half--€1.6mbelow the sector's middle half▼ 14.0%-€2.8mbelow the sector's middle half▼ 73.7%
Equity-€1.3mbelow the sector's middle half--€3.0mbelow the sector's middle half▼ 123%-€5.8mbelow the sector's middle half▼ 95.6%
Total assets€8.5mabove the sector's middle half-€9.5mabove the sector's middle half▲ 11.1%€10.8mabove the sector's middle half▲ 14.1%
Debt€9.9m-€12.4m▲ 26.1%€16.6m▲ 33.4%
Working capital€554,625-€208,723▼ 62.4%-€1.7m
Solvency-15.6%below the sector's middle half--31.2%below the sector's middle half▼ 15.6pp-53.4%below the sector's middle half▼ 22.3pp
Staff (FTE)33above the sector's middle half-39above the sector's middle half▲ 18.2%40.2above the sector's middle half▲ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.6m in 2022 against €1.4m in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €10.8m
Fixed assets
€4.8m ▼ 2.8%
Current assets
€6.0m ▲ 32.5%
Key figures and ratios
EBITDA
-€1.8m▼
2021 · -€749,984
Cash flow
-€2.1m▼
2021 · -€962,055
Current ratio
0.78▼
2021 · 1.05
Quick ratio
0.15▼
2021 · 0.27
Debt to equity
-2.87▲
2021 · -4.21
ROA
-26.1%▼
2021 · -17.2%
Interest coverage
-6.52▼
2021 · -3.45
Debt ≤ 1 year
€7.7m▲
2021 · €4.3m
Debt > 1 year
€8.9m▲
2021 · €8.1m
Income taxes
€3,191▲
2021 · €2,992
Staff costs
€3.1m▲
2021 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.7m | €3.1m | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €838,062 | €666,383 | €736,168 | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €23,011 | €58,804 | ▲ 156% |
| Other operating charges640/8 | - | €33,370 | €11,843 | ▼ 64.5% |
| Gross operating margin9900 | €2.6m | €2.0m | €1.3m | ▼ 35.5% |
| Operating profit (loss)9901 | -€1.3m | -€1.4m | -€2.6m | ▼ 80.9% |
| Financial income75/76B | - | €8,166 | €17,052 | ▲ 109% |
| Recurring financial income75 | €8,766 | €8,166 | €17,052 | ▲ 109% |
| Financial charges65/66B | - | €217,246 | €280,094 | ▲ 28.9% |
| Recurring financial charges65 | €260,663 | €217,246 | €280,094 | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.8% |
| Income taxes67/77 | €2,270 | €2,992 | €3,191 | ▲ 6.6% |
| Profit (loss) for the period9904 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.7% |
| Profit (loss) for the period to be appropriated9905 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8.5m | €9.5m | €10.8m | ▲ 14.1% |
| Fixed assets21/28 | €5.1m | €5.0m | €4.8m | ▼ 2.8% |
| Intangible fixed assets21 | €40,789 | €160,782 | €238,532 | ▲ 48.4% |
| Tangible fixed assets22/27 | €5.1m | €4.8m | €4.6m | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €4.4m | €4.1m | ▼ 6.4% |
| Furniture and vehicles24 | - | €201,134 | €156,581 | ▼ 22.2% |
| Leasing and similar rights25 | - | €40,562 | €35,252 | ▼ 13.1% |
| Other tangible fixed assets26 | - | €146,404 | €262,877 | ▲ 79.6% |
| Current assets29/58 | €3.4m | €4.5m | €6.0m | ▲ 32.5% |
| Stocks and contracts in progress3 | €2.1m | €3.4m | €4.8m | ▲ 42.6% |
| Stocks30/36 | - | €3.4m | €4.8m | ▲ 42.6% |
| Amounts receivable within one year40/41 | €670,231 | €772,842 | €948,331 | ▲ 22.7% |
| Trade receivables40 | - | €763,771 | €934,871 | ▲ 22.4% |
| Other amounts receivable41 | - | €9,071 | €13,460 | ▲ 48.4% |
| Cash at bank and in hand54/58 | €570,592 | €302,017 | €214,754 | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | €76,822 | €23,520 | ▼ 69.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8.5m | €9.5m | €10.8m | ▲ 14.1% |
| Equity10/15 | -€1.3m | -€3.0m | -€5.8m | ▼ 95.6% |
| Contributions10/11 | - | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€1.4m | -€3.1m | -€5.9m | ▼ 92.5% |
| Amounts payable17/49 | €9.9m | €12.4m | €16.6m | ▲ 33.4% |
| Amounts payable after more than one year17 | €7.0m | €8.1m | €8.9m | ▲ 9.1% |
| Financial debts170/4 | - | €8.1m | €8.9m | ▲ 9.1% |
| Amounts payable within one year42/48 | €2.8m | €4.3m | €7.7m | ▲ 79.2% |
| Current portion of amounts payable after more than one year42 | - | €940,254 | €940,474 | = |
| Financial debts43 | - | €1.5m | €3.7m | ▲ 144% |
| Credit institutions430/8 | - | €1.5m | €3.7m | ▲ 144% |
| Trade debts44 | €1.0m | €1.6m | €2.7m | ▲ 66.3% |
| Suppliers440/4 | - | €1.6m | €2.7m | ▲ 66.3% |
| Taxes, remuneration and social security45 | - | €260,540 | €450,488 | ▲ 72.9% |
| Taxes450/3 | - | €1,740 | €90,887 | ▲ 5,125% |
| Remuneration and social security454/9 | - | €258,800 | €359,601 | ▲ 38.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.4m | -€1.6m | -€2.8m | ▼ 73.7% |
| + Depreciation and write-downs630 | €838,062 | €666,383 | €736,168 | ▲ 10.5% |
| Operating cash flow (approximation) | -€590,552 | -€962,055 | -€2.1m | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€492,490 | -€598,196 | ▼ 21.5% |
| Change in cash | - | -€268,575 | -€87,263 | ▲ 67.5% |
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
2024
16-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 09-01-2024
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€2.8m
Net result drops to -€2.8m, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Registered office, Gent · 1 establishment unit since 2019
Ground area
2.3 ha
Building footprint
1.3 ha
Volume, LiDAR
507 m³
Parcel 44813R1528/00G002, Flanders · tallest building 3.6 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LIBERT PAINTS
since 20192.292.147.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813R1528/00G002 | Flanders | 2.3 ha | 1 · 1.3 ha | 3.6 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MIEKE VERPLANCKE ZUIDSTATIONSTRAAT 34-36,
9000 GENT |
09-01-2024 → present |
Structure & network
Part of the group
DETAELLENAERE-COPPENS
4 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: DETAELLENAERE-COPPENS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 3,784 EUR awarded · 3,509 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 2,314 EUR | 2,359 EUR |
| 2022 | 1 | 1,470 EUR | 1,150 EUR |
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Of 692 companies in sector 20300 we hold annual accounts for 444. 179 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
20300
46833
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.