Flyfresh
Open bankruptcyA bankruptcy procedure is open for Flyfresh according to publications in the Belgian State Gazette; curator: WIM BOLLEN.
Summary
The 2023 annual accounts show negative equity (€-584k) and a net result of €-626k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-07-2023 was due by 29-02-2024 and was filed on 28-03-2024, 28 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 · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
28 d late
2022
27 d late
2021
167 d early
2020
47 d early
2019
181 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-626k
2022 · €9k
2019: €-394k
2020: €47k
2021: €211k
2022: €9k
2019 → 2023
Working capital
€-529k
2022 · €79k
2019: €-224k
2020: €-176k
2021: €185k
2022: €79k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-375k-€-329k▲ 12.4%€32k€41k▲ 28.4%€-584k
Operating result€-393k-€46k€204k▲ 349%€14k▼ 93.3%€-619k
Net result€-394k-€47k€211k▲ 353%€9k▼ 95.6%€-626k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €619k after €14k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €477k
Fixed assets
€72k ▲ 543%
Current assets
€405k ▲ 0.1%
Key figures and ratios
EBITDA
€-586k▼
2022 · €14k
Cash flow
€-592k▼
2022 · €10k
Solvency
-97.3%▼
2022 · 7.3%
Current ratio
0.43▼
2022 · 1.24
Debt to equity
-2.03▼
2022 · 12.78
ROA
-104.2%▼
2022 · 1.6%
Interest coverage
-91.07▼
2022 · 2.45
Debt
€1.18M▲
2022 · €529k
Debt ≤ 1 year
€934k▲
2022 · €325k
Debt > 1 year
€250k▲
2022 · €200k
Staff costs
€344k▲
2022 · €167k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 47 lines
Balance sheet
Code20222023
Assets
Total assets20/58€570k€600k▲
Formation expenses20€155k€124k▼
Fixed assets21/28€11k€72k▲
Tangible fixed assets22/27€2k€63k▲
Furniture and vehicles24€2k€63k▲
Financial fixed assets28€9k€9k=
Current assets29/58€405k€405k▲
Amounts receivable within one year40/41€355k€382k▲
Trade receivables40€330k€322k▼
Other amounts receivable41€25k€60k▲
Cash at bank and in hand54/58€3k€23k▲
Deferred charges and accrued income490/1€47k-
Equity and liabilities
Total equity and liabilities10/49€570k€600k▲
Equity10/15€41k€-584k▼
Contributions10/11€169k€169k=
Profit (loss) carried forward14€-128k€-753k▼
Amounts payable17/49€529k€1.18M▲
Amounts payable after more than one year17€200k€250k▲
Financial debts170/4€200k€250k▲
Amounts payable within one year42/48€325k€934k▲
Current portion of amounts payable after more than one year42€31k€8k▼
Financial debts43-€61k
Credit institutions430/8-€61k
Trade debts44€261k€747k▲
Suppliers440/4€261k€747k▲
Taxes, remuneration and social security45€33k€118k▲
Taxes450/3€11k€55k▲
Remuneration and social security454/9€22k€63k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€4k€521▼
Income statement
Code20222023
Remuneration, social security and pensions62€167k€344k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€451€33k▲
Other operating charges640/8€3k€2k▼
Operating charges capitalised as restructuring costs649€-155k-
Gross operating margin9900€30k€-240k▼
Operating profit (loss)9901€14k€-619k▼
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€9k€-626k▼
Income taxes67/77€147-
Profit (loss) for the period9904€9k€-626k▼
Profit (loss) for the period to be appropriated9905€9k€-626k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-128k€-753k▼
Profit (loss) brought forward from the previous period14P€-137k€-128k▲
Social balance
Average headcount (FTE)90874.04.4▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FLYFRESH BV BEDRIJVEN- ZONE MACHELEN -CARGO 706/6, 1830 MACHELEN (BT) · event 01-10-2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-07
Financial
Weakest financial yearnet €-626k ▼6927%
Net result drops to €-626k, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2021
11-10
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: FLYFRESH BV- BEDRIJVENZONE MACHELEN-CARGO 706/412, 1830 MACHELEN (BT)
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-07
Financial
Highest result since 2019net €211k ▲353%
Operating result €204k, net result €211k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 181 days late
2020
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Grâce-Hollogne · 2 establishment units since 2018
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.
Rue Saint-Exupéry 174460 Grâce-HollogneGround area
3.7 ha
Building footprint
9,117 m²
Volume, LiDAR
152,183 m³
2 parcels, Flanders, Wallonia · tallest building 41.1 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Flyfresh
since 20182.281.690.220
Rue Saint-Exupéry 17, 4460 Grâce-Hollogne
since 20222.333.665.689
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62016B0333/00A000 | Wallonia | 3.0 ha | 1 · 6,299 m² | 16.4 m · 5 fl. |
| 23047C0367/00L000 | Flanders | 6,871 m² | 1 · 2,818 m² | 41.1 m · 10 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
01-10-2024 → present |
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Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 1,111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2018
Fiscal year end31-07
Activities, NACEBEL 2025
53200Other postal and courier activities
52100Warehousing and storage
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.flyfresh.aero
E-mail:loic.gindre@flyfresh.aero