FOVL
Open bankruptcyA bankruptcy procedure is open for FOVL according to publications in the Belgian State Gazette; curator: EMILIE MICHEL.
Summary
The 2022 annual accounts show negative equity (-€249,369) and a net result of -€136,595.
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
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 2 October 2023
- Supervising judge
- Daniel Kroes
- Official Gazette
- 09-10-2023 (pdf) ↗search the document for 2023/137160
Deadlines
- Appeal or third-party opposition until
- passed on 24 October 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 1 November 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 15 November 2023Goods 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 2 October 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Emilie MichelAvenue De Fre 229, 1180 02 Uccleemilie.michel@kairos.law
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 · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-09-2023, 49 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 confirmed
2024
not filed
2023
not filed
2022
49 d late
2021
79 d late
2020
96 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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 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 Hairdressing and barber services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€136,595▼ 254%
2021 · -€38,586
Working capital
-€246,822▼ 64.7%
2021 · -€149,828
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, 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
Line20182019202020212022
Operating result€974-€2,297▲ 136%-€91,718-€32,493▲ 64.6%-€119,514▼ 268%
Net result€933--€1,469-€92,252below the sector's middle half▼ 6,181%-€38,586below the sector's middle half▲ 58.2%-€136,595below the sector's middle half▼ 254%
Equity€13,333-€11,864▼ 11.0%-€74,188below the sector's middle half-€112,774below the sector's middle half▼ 52.0%-€249,369below the sector's middle half▼ 121%
Total assets€364,882-€272,541▼ 25.3%€153,738within the sector's middle half▼ 43.6%€157,165within the sector's middle half▲ 2.2%€84,369within the sector's middle half▼ 46.3%
Debt€351,549-€260,676▼ 25.8%€227,926▼ 12.6%€269,938▲ 18.4%€333,738▲ 23.6%
Working capital-€37,116--€45,434▼ 22.4%-€115,411below the sector's middle half▼ 154%-€149,828below the sector's middle half▼ 29.8%-€246,822below the sector's middle half▼ 64.7%
Solvency3.7%-4.4%▲ 0.7pp-48.3%below the sector's middle half▼ 52.6pp-71.8%below the sector's middle half▼ 23.5pp-295.6%below the sector's middle half▼ 223.8pp
Current ratio0.88-0.80▼ 0.080.49below the sector's middle half▼ 0.310.44below the sector's middle half▼ 0.050.25below the sector's middle half▼ 0.19
Return on assets (ROA)0.3%--0.5%▼ 0.8pp-60.0%below the sector's middle half▼ 59.5pp-24.6%below the sector's middle half▲ 35.5pp-161.9%below the sector's middle half▼ 137.4pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €119,514 in 2022 against €32,493 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 €84,369
Fixed assets
€600 ▼ 98.4%
Current assets
€83,769 ▼ 29.8%
Key figures and ratios
EBITDA
-€119,397▼
2021 · -€30,219
Cash flow
-€136,478▼
2021 · -€36,312
Quick ratio
0.23▼
2021 · 0.40
Debt to equity
-1.34▲
2021 · -2.39
Interest coverage
-6.98▲
2021 · -9.65
Debt ≤ 1 year
€330,592▲
2021 · €269,189
Debt > 1 year
€3,147▲
2021 · €749
Staff costs
€346,414▲
2021 · €275,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €275,196 | €346,414 | ▲ 25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,032 | €3,260 | €3,386 | €2,274 | €117 | ▼ 94.9% |
| Other operating charges640/8 | - | - | - | €9,465 | €10,263 | ▲ 8.4% |
| Gross operating margin9900 | €782,821 | €639,984 | €260,617 | €254,442 | €237,280 | ▼ 6.7% |
| Operating profit (loss)9901 | €974 | €2,297 | -€91,718 | -€32,493 | -€119,514 | ▼ 268% |
| Financial income75/76B | - | - | - | €38 | €28 | ▼ 27.6% |
| Recurring financial income75 | €0 | - | - | €38 | €28 | ▼ 27.6% |
| Financial charges65/66B | - | - | - | €3,133 | €17,109 | ▲ 446% |
| Recurring financial charges65 | €41 | €316 | €533 | €3,133 | €17,109 | ▲ 446% |
| Profit (loss) for the period before taxes9903 | €933 | €1,981 | -€92,252 | -€35,588 | -€136,595 | ▼ 284% |
| Income taxes67/77 | - | €3,450 | - | €2,998 | - | - |
| Profit (loss) for the period9904 | €933 | -€1,469 | -€92,252 | -€38,586 | -€136,595 | ▼ 254% |
| Profit (loss) for the period to be appropriated9905 | €933 | -€1,469 | -€92,252 | -€38,586 | -€136,595 | ▼ 254% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,882 | €272,541 | €153,738 | €157,165 | €84,369 | ▼ 46.3% |
| Formation expenses20 | €643 | €467 | €292 | €117 | - | - |
| Fixed assets21/28 | €93,983 | €95,830 | €43,247 | €37,687 | €600 | ▼ 98.4% |
| Tangible fixed assets22/27 | €7,695 | €9,542 | €6,959 | €1,399 | - | - |
| Furniture and vehicles24 | - | - | - | €1,399 | - | - |
| Financial fixed assets28 | €86,288 | €86,288 | €36,288 | €36,288 | €600 | ▼ 98.3% |
| Current assets29/58 | €270,257 | €176,243 | €110,199 | €119,361 | €83,769 | ▼ 29.8% |
| Stocks and contracts in progress3 | €19,245 | €18,877 | €12,601 | €11,452 | €8,167 | ▼ 28.7% |
| Stocks30/36 | - | - | - | €11,452 | €8,167 | ▼ 28.7% |
| Amounts receivable within one year40/41 | €82,918 | €95,262 | €87,314 | €44,422 | €37,721 | ▼ 15.1% |
| Trade receivables40 | - | - | - | €36,653 | €37,721 | ▲ 2.9% |
| Other amounts receivable41 | - | - | - | €7,769 | - | - |
| Cash at bank and in hand54/58 | €168,094 | €62,104 | €10,284 | €63,487 | €37,882 | ▼ 40.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,882 | €272,541 | €153,738 | €157,165 | €84,369 | ▼ 46.3% |
| Equity10/15 | €13,333 | €11,864 | -€74,188 | -€112,774 | -€249,369 | ▼ 121% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €933 | -€536 | -€92,788 | -€131,374 | -€267,969 | ▼ 104% |
| Amounts payable17/49 | €351,549 | €260,676 | €227,926 | €269,938 | €333,738 | ▲ 23.6% |
| Amounts payable after more than one year17 | €40,502 | €38,999 | €2,316 | €749 | €3,147 | ▲ 320% |
| Other amounts payable178/9 | - | - | - | €749 | €3,147 | ▲ 320% |
| Amounts payable within one year42/48 | €307,373 | €221,678 | €225,610 | €269,189 | €330,592 | ▲ 22.8% |
| Trade debts44 | €189,633 | €126,153 | €159,058 | €37,484 | €10,624 | ▼ 71.7% |
| Suppliers440/4 | - | - | - | €37,484 | €10,624 | ▼ 71.7% |
| Taxes, remuneration and social security45 | - | - | - | €231,686 | €318,546 | ▲ 37.5% |
| Taxes450/3 | - | - | - | €89,188 | €107,356 | ▲ 20.4% |
| Remuneration and social security454/9 | - | - | - | €142,499 | €211,190 | ▲ 48.2% |
| Other amounts payable47/48 | - | - | - | €18 | €1,422 | ▲ 7,650% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €933 | -€1,469 | -€92,252 | -€38,586 | -€136,595 | ▼ 254% |
| + Depreciation and write-downs630 | €3,032 | €3,260 | €3,386 | €2,274 | €117 | ▼ 94.9% |
| Operating cash flow (approximation) | €3,965 | €1,792 | -€88,866 | -€36,312 | -€136,478 | ▼ 276% |
| Investment in fixed assets (approximation) | - | -€5,108 | €49,197 | €3,286 | €36,970 | ▲ 1,025% |
| Change in cash | - | -€105,990 | -€51,820 | €53,203 | -€25,605 | ▼ 148% |
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
2023
09-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-10-2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Weakest financial yearnet -€136,595
Net result drops to -€136,595, the lowest in the series.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 96 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 101 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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
Registered office, Elsene · 1 establishment unit since 2017
Ground area
10.8 ha
Building footprint
5.0 ha
Volume, LiDAR
389,107 m³
2 parcels, Brussels, Flanders · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
FOVL
since 20172.272.454.731
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 21445C0229/00V006 | Brussels | 688 m² | 1 · 457 m² | 18.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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 | EMILIE MICHEL AVENUE DE FRE 229, 1180 02 UCCLE- |
02-10-2023 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 3 endedHaarverzorging duaal (so)
Kapper (vwo)
Show 3 ended approvals
Kapper (so)
Kapper-salonverantwoordelijke (so)
Kapper (so)
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,836. 2,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.