FLYING BAR
Open bankruptcyA bankruptcy procedure is open for FLYING BAR according to publications in the Belgian State Gazette; curator: CHARLES-HENRI SPRINGUEL.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 29-08-2017, 29 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, full schema
Turnover
€117k▼ 25.3%
2014 · €156k
2012: €90k
2013: €92k
2014: €156k
2012 → 2015
EBIT margin
0.0%▼ 2.4pp
2014 · 2.4%
2012: 20.0%
2013: 17.6%
2014: 2.4%
2012 → 2015
Net result
€-24k▼ 517%
2015 · €-4k
2012: €12k
2013: €10k
2014: €1k
2015: €-4k
2012 → 2016
Working capital
€3k▼ 88.3%
2015 · €28k
2013: €32k
2014: €31k
2015: €28k
2013 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Turnover€90k-€92k▲ 1.8%€156k▲ 69.7%€117k▼ 25.3%
Equity€22k-€32k▲ 44.8%€33k▲ 3.3%€29k▼ 11.9%€5k▼ 83.2%
Operating result€18k-€16k▼ 10.2%€4k▼ 76.9%€-41€-24k▼ 58,492%
Net result€12k-€10k▼ 17.1%€1k▼ 89.3%€-4k€-24k▼ 517%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2016 against €41 in 2015; the loss grows and 2016 has the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €13k
Fixed assets
€2k =
Current assets
€12k ▼ 67.1%
Equity and liabilities €13k
Equity
€5k ▼ 83.2%
Debt
€9k ▲ 3.5%
The debt ratio rises from 22.0% to 63.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.38▼
2015 · 4.39
Quick ratio
1.21▼
2015 · 4.18
ROE
-496.6%▼
2015 · -13.5%
ROA
-181.0%▼
2015 · -10.5%
Debt ≤ 1 year
€9k▲
2015 · €8k
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 · 2016 against 2015 · 25 lines
Balance sheet
Code20152016
Assets
Total assets20/58€38k€13k▼
Fixed assets21/28€2k€2k=
Tangible fixed assets22/27€2k€2k=
Financial fixed assets28€173€173=
Current assets29/58€36k€12k▼
Stocks and contracts in progress3€2k€1k▼
Amounts receivable within one year40/41€34k€4k▼
Cash at bank and in hand54/58€662€2k▲
Equity and liabilities
Total equity and liabilities10/49€38k€13k▼
Equity10/15€29k€5k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€9k€-16k▼
Amounts payable17/49€8k€9k▲
Amounts payable within one year42/48€8k€9k▲
Trade debts44€3k€7k▲
Income statement
Code20152016
Turnover70€117k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500-
Gross operating margin9900€3k€-23k▼
Operating profit (loss)9901€-41€-24k▼
Recurring financial charges65€2k€244▼
Profit (loss) for the period before taxes9903€2k€-24k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€-4k€-24k▼
Profit (loss) for the period to be appropriated9905€-4k€-24k▼
Timeline · acts, filings and financial milestones
2022
21-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · FLYING BAR SPRL AVENUE ROGIER 123, 1030 Schaerbeek · event 14-02-2022
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
2015
13-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
23-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 23 days late
2013
16-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 47 days late
2012
15-10
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 76 days late
2011
15-11
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 107 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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 | CHARLES-HENRI SPRINGUEL AVENUE LOUISE 349,
1050 BRUXELLES 5 |
14-02-2022 → present |