HAPPY FLIGHTS
InactiveHAPPY FLIGHTS was declared bankrupt on 19-12-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 24-02-2026, published in the Belgian State Gazette on 27-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 · 7 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
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 28-07-2023, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
3 d early
2021
2 d early
2020
31 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€86,880▼ 11.4%
2021 · -€77,993
Total assets
€11,385▼ 82.1%
2021 · €63,728
Net result
-€8,887
2021 · €89,596
Working capital
€1,458▼ 95.7%
2021 · €33,653
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€99,399--€161,161-€114,600▲ 28.9%€91,902-€8,815
Net result€97,742--€162,480-€116,635▲ 28.2%€89,596-€8,887
Equity€111,526--€50,955-€167,589▼ 229%-€77,993▲ 53.5%-€86,880▼ 11.4%
Total assets€396,948-€226,807▼ 42.9%€73,496▼ 67.6%€63,728▼ 13.3%€11,385▼ 82.1%
Debt€285,423-€277,762▼ 2.7%€241,085▼ 13.2%€141,721▼ 41.2%€98,265▼ 30.7%
Working capital€169,138-€45,288▼ 73.2%-€50,884€33,653€1,458▼ 95.7%
Staff (FTE)1.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €8,815 after €91,902 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €11,385
Fixed assets
€1,662 ▼ 50.4%
Current assets
€9,723 ▼ 83.9%
Key figures and ratios
EBITDA
-€7,123▼
2021 · €111,843
Cash flow
-€7,195▼
2021 · €109,537
Solvency
-763.1%▼
2021 · -122.4%
Current ratio
1.18▼
2021 · 2.26
Debt to equity
-1.13▲
2021 · -1.82
ROA
-78.1%▼
2021 · 140.6%
Interest coverage
-98.38▼
2021 · 48.49
Debt ≤ 1 year
€8,265▼
2021 · €26,721
Debt > 1 year
€90,000▼
2021 · €115,000
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,010 | €38,613 | €19,807 | €19,941 | €1,692 | ▼ 91.5% |
| Other operating charges640/8 | - | - | - | €1,058 | €469 | ▼ 55.6% |
| Gross operating margin9900 | €257,788 | -€54,224 | -€93,742 | €112,902 | -€6,654 | ▼ 106% |
| Operating profit (loss)9901 | €99,399 | -€161,161 | -€114,600 | €91,902 | -€8,815 | ▼ 110% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | €114 | €887 | €0 | €1 | - | - |
| Financial charges65/66B | - | - | - | €2,307 | €72 | ▼ 96.9% |
| Recurring financial charges65 | €1,533 | €2,203 | €2,035 | €2,307 | €72 | ▼ 96.9% |
| Profit (loss) for the period before taxes9903 | €97,979 | -€162,477 | -€116,635 | €89,596 | -€8,887 | ▼ 110% |
| Income taxes67/77 | €237 | €3 | - | - | - | - |
| Profit (loss) for the period9904 | €97,742 | -€162,480 | -€116,635 | €89,596 | -€8,887 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €97,742 | -€162,480 | -€116,635 | €89,596 | -€8,887 | ▼ 110% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €396,948 | €226,807 | €73,496 | €63,728 | €11,385 | ▼ 82.1% |
| Fixed assets21/28 | €82,387 | €43,757 | €23,295 | €3,354 | €1,662 | ▼ 50.4% |
| Intangible fixed assets21 | €81,370 | €43,102 | €23,295 | €3,354 | €1,662 | ▼ 50.4% |
| Tangible fixed assets22/27 | €1,018 | €655 | - | - | - | - |
| Current assets29/58 | €314,561 | €183,050 | €50,201 | €60,374 | €9,723 | ▼ 83.9% |
| Amounts receivable within one year40/41 | €290,926 | €181,535 | €48,144 | €28,297 | - | - |
| Other amounts receivable41 | - | - | - | €28,297 | - | - |
| Cash at bank and in hand54/58 | €13,065 | €1,515 | €2,057 | €32,077 | €9,723 | ▼ 69.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €396,948 | €226,807 | €73,496 | €63,728 | €11,385 | ▼ 82.1% |
| Equity10/15 | €111,526 | -€50,955 | -€167,589 | -€77,993 | -€86,880 | ▼ 11.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €91,860 | €91,860 | €91,860 | €91,860 | €91,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €90,000 | €90,000 | = |
| Profit (loss) carried forward14 | €1,066 | -€161,415 | -€278,049 | -€188,453 | -€197,340 | ▼ 4.7% |
| Amounts payable17/49 | €285,423 | €277,762 | €241,085 | €141,721 | €98,265 | ▼ 30.7% |
| Amounts payable after more than one year17 | €140,000 | €140,000 | €140,000 | €115,000 | €90,000 | ▼ 21.7% |
| Financial debts170/4 | - | - | - | €115,000 | €90,000 | ▼ 21.7% |
| Amounts payable within one year42/48 | €145,423 | €137,762 | €101,085 | €26,721 | €8,265 | ▼ 69.1% |
| Trade debts44 | €109,476 | €113,762 | €92,061 | €24,421 | €7,407 | ▼ 69.7% |
| Suppliers440/4 | - | - | - | €24,421 | €7,407 | ▼ 69.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €858 | - |
| Taxes450/3 | - | - | - | - | €858 | - |
| Other amounts payable47/48 | - | - | - | €2,300 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,742 | -€162,480 | -€116,635 | €89,596 | -€8,887 | ▼ 110% |
| + Depreciation and write-downs630 | €39,010 | €38,613 | €19,807 | €19,941 | €1,692 | ▼ 91.5% |
| Operating cash flow (approximation) | €136,752 | -€123,867 | -€96,828 | €109,537 | -€7,195 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €17 | €655 | €0 | €0 | - |
| Change in cash | - | -€11,550 | €542 | €30,020 | -€22,354 | ▼ 174% |
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
2026
27-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 24-02-2026
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 19-12-2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €89,596
Net result €89,596 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 2.26
Current ratio from 0.50 to 2.26; short-term debt falls from €101,085 to €26,721.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€162,480
Net result drops to -€162,480, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURENCE CARAMIN SINT-CHRISTIANASTRAAT 48,
9890 GAVERE |
19-12-2023 → 24-02-2026 |