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HAPPY FLIGHTS

Inactive KBO/BCE: BE 0597.764.676
HAPPY FLIGHTS
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €257,788 (2018)
-€6,654▼ €119,555
lowest -€162,480 (2019)
-€8,887▼ €98,483
peak €111,526 (2018)
-€86,880▼ €8,887
€98,265▼ 30.7%
peak 2.9 FTE (2017)
-not published
Board1 name since 2021
1 directorWillems Steven
Documentsfilings and deeds
28-07-20233 days before the deadline
2022micro format
Gross margin from €112,902 to -€6,654Loss of €8,887Debts from €141,721 to €98,265Cash from €32,077 to €9,723

Key points

from the 2022 annual accounts, the last ones filed

Equity

-€86,880 from €111,526 in 2018

Equity fell below zero in 2019.

Result

-€8,887 -€8,887
€89,6002021-€8,8902022

From profit to loss in 2022, after a profit of €89,596 in 2021.

Debts

€98,265 863% of the balance sheet
Financial debts 92%Suppliers 8%Taxes and wages 1%

Of this, €8,265 falls due within a year.

No scoreTurnover not published (micro format)

Board and ownership

WS
Willems Steven
Director
Board & ownership

Recent changes

Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Ghent division · judgment of 24-02-2026 · Bankruptcy
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 19-12-2023 · Bankruptcy
Incorporation 3 publications in the Belgian Official Gazette, the last on 27-02-2026 · Gazette deed
All 15 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 18-02-2015 · bankruptcy closed on 24-02-2026
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2022

-€6,654
€8,887
-€86,880▼ 11.4%
€11,385▼ 82.1%
Filing
Filed on 28-07-2023
Financials

Insights on HAPPY FLIGHTS

Equity fell from €111,526 in 2018 to -€86,880 in 2022.

On 19 December 2023 the court declared HAPPY FLIGHTS bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

micro format, filed on 28-07-2023, 3 days before the deadline
-€6,654
▼ €119,555
-€8,815
▼ €100,717
-€7,123
▼ €118,966
-€7,195
▼ €116,733
-763.1%
▼ 640.7 percentage points
1.18
▼ 1.08

Turnover and EBIT margin are not published. The micro format does not require them.

Money flows

no detail for 2022

Balance sheet

balance sheet total €11,385 on 31-12-2022
What the company ownsHow it is paid for

in euro

in euro

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2022202120202019201820172016
Balance sheet: assets
20/58 11,38563,72873,496226,807396,948155,76684,432
21/28 1,6623,35423,29543,75782,387112,93857,371
21 1,6623,35423,29543,10281,370111,17856,508
22/27 ---6551,0181,760864
24 ---6551,0181,760864
29/58 9,72360,37450,201183,050314,56142,82827,061
40/41 -28,29748,144181,535290,9266,3312,986
40 --1302,9224,9614,9012,178
41 -28,29748,015178,613285,9651,431808
54/58 9,72332,0772,0571,51513,06510,81623,575
490/1 ----10,57025,680500
Balance sheet: equity and liabilities
10/49 11,38563,72873,496226,807396,948155,76684,432
10/15 -86,880-77,993-167,589-50,955111,52613,78418,690
10/11 18,60018,60018,60018,60018,60018,60018,600
100 ---18,60018,60018,60018,600
13 91,86091,86091,86091,86091,860--
130/1 1,8601,8601,860----
130 ---1,8601,860--
1311 1,8601,8601,860----
133 90,00090,00090,00090,00090,000--
14 -197,340-188,453-278,049-161,4151,066-4,81690
17/49 98,265141,721241,085277,762285,423141,98265,741
17 90,000115,000140,000140,000140,000110,00040,000
170/4 90,000115,000140,000140,000140,000110,00040,000
42/48 8,26526,721101,085137,762145,42331,98225,741
44 7,40724,42192,061113,762109,47623,36524,404
440/4 7,40724,42192,061113,762109,47623,36524,404
45 858-1,025-20,2228,6171,338
450/3 858-1,025-237-668
454/9 ----19,9848,617670
47/48 -2,3008,00024,00015,725--
Income statement
70 -----187,666156,066
76A --72665---
9900 -6,654112,902-93,742-54,224257,788146,709-17,866
60/61 --23,476--193,405174,465
62 --13467,711118,771112,4794,931
630 1,69219,94119,80738,61339,01037,31835,921
640/8 4691,058586613608606125
66A --331----
9901 -8,81591,902-114,600-161,16199,399-3,693-58,843
75/76B -10887114-60,032
75 -10887114-60,032
65/66B 722,3072,0352,2031,5331,2131,098
65 722,3072,0352,2031,5331,2131,098
9903 -8,88789,596-116,635-162,47797,979-4,90790
67/77 ---3237--
9904 -8,88789,596-116,635-162,48097,742-4,90790
9905 -8,88789,596-116,635-162,48097,742-4,90790
Appropriation of the result
9906 -197,340-188,453-278,049-161,41592,926-4,81690
14P -188,453-278,049-----
691/2 ----91,860--
6920 ----1,860--
6921 ----90,000--
Social balance sheet
9087 ---1.8-2.9-
Hours worked1013 ---2,964-5,114-
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 28-07-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2022 micro format 28-07-2023 2023-00285717 PDF
31-12-2021 micro format 29-07-2022 2022-20272886 PDF
31-12-2020 micro format 30-06-2021 2021-31200062 PDF
31-12-2019 micro format 07-07-2020 2020-26600238 PDF
31-12-2018 micro format 31-07-2019 2019-40700462 PDF
31-12-2017 micro format 25-07-2018 2018-38400101 PDF
31-12-2016 abbreviated format 03-07-2017 2017-24700356 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2022202120202019201820172016
-7,123111,843-94,793-122,548138,40933,625-22,922
-7,195109,537-96,828-123,867136,75232,41236,011
00-655-178,45992,88593,292
-22,35430,020542-11,5502,248-12,758-
1,45833,653-50,88445,288169,13810,8461,319
------2.0%-37.7%
-763.1%-122.4%-228.0%-22.5%28.1%8.8%22.1%
1.182.260.501.332.161.341.05
----2.5610.303.52
----87.6%-35.6%0.5%
-78.1%140.6%-158.7%-71.6%24.6%-3.1%0.1%
-98.3848.49-----
-----10 days5 days
--1431 days--44 days51 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on HAPPY FLIGHTS

The operating result for 2022 is a loss of €8,815, after a profit of €91,902 in 2021.

Equity is negative. Debt (€98,265) exceeds the balance-sheet total (€11,385).

Board & ownership

Curator

1 mandate
Laurence Caramin
Curator, Sint-Christianastraat 48, 9890 Gavere
from 19-12-2023 to 24-02-2026
Also on 92 other cases

Last board

1 director
Willems Steven
Director
listed in the 2022 annual accounts, filed on 28-07-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Willems Steven
Director
Boardmandate already running before its first mentionBankruptcy 19-12-2023
Mandates as a list
  • Willems Steven
    • Director, from before 31-12-2021, until the bankruptcy of 19-12-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2022 annual accounts

Network & group

No group

HAPPY FLIGHTS has no parent and no holdings in its annual accounts. Willems Steven is the only director. HAPPY FLIGHTS shares no director with another company.

Timeline

Timeline

15 events since 2015
2026
Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Ghent division · judgment of 24-02-2026
2023
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 19-12-2023
Annual accounts 2022 filed PDFmicro format · 3 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 2 days before the deadline
2021
Back to profit net €89,596 The net result is €89,596, after 2 loss-making years.
Liquidity more than quadruples current ratio 2.26 The current ratio rises from 0.50 to 2.26. Short-term debt falls from €101,085 to €26,721.
Annual accounts 2020 filed PDFmicro format · 31 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 24 days before the deadline
2019
Weakest financial year net -€162,480 The net result drops to -€162,480, the lowest from 2016 to 2022.
Annual accounts 2018 filed PDFmicro format · on the deadline day
2018
Back to profit net €97,742 The net result is €97,742, after one loss-making year.
Equity above €100,000 equity €111,526 ▲709% Equity rises from €13,784 to €111,526.
Annual accounts 2017 filed PDFmicro format · 6 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 28 days before the deadline
2015
Incorporation PDF3 publications in the Belgian Official Gazette, the last on 27-02-2026

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Total assets fell from €396,948 in 2018 to €11,385 in 2022.1 The bankruptcy of HAPPY FLIGHTS was declared on 19 December 2023 and closed on 24 February 2026.23

  1. 1National Bank, annual accounts 2018 and 2022
  2. 2Belgian Official Gazette, 28-12-2023
  3. 3Belgian Official Gazette, 27-02-2026

Company details

Inactive

HAPPY FLIGHTS is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2022
Last registered office
Stationsstraat 51, 9850 Landegemas published on 25 November 2016
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2016
Official KBO record

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