OPENING OF BANKRUPTCY

FLRX

Financial year 2022 · closed on 31/12/2022
Net result
-2,8 M €
-73.7% YoY
Gross margin
1,3 M €
-35.5% YoY
Equity
-5,8 M €
-95.6% YoY
Workforce
40,2 ETP
+3.1% YoY

Company — Opening of bankruptcy.

What does FLRX do?

FLRX is a Private limited company incorporated in 2019. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Gent. It employs on average 40,2 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0732.590.421
Incorporation
14/08/2019
Legal form
Private limited company
Registered office
Langerbruggekaai 6
9000 Gent · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2022
Average workforce
40,2 ETP
Joint committees (2)
  • 116
  • 207
Signals
Healthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202220212020
Income statement
Gross margin1,3 M €2,0 M €2,6 M €
EBITDA-1,8 M €-727,0 k €-358,1 k €
Operating result-2,6 M €-1,4 M €-1,3 M €
Net result-2,8 M €-1,6 M €-1,4 M €
Balance sheet
Equity-5,8 M €-3,0 M €-1,3 M €
Total assets10,8 M €9,5 M €8,5 M €
Cash214,8 k €302,0 k €570,6 k €
Debts16,6 M €12,4 M €9,9 M €
Other
Workforce40,2 ETP39,0 ETP33,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 1 ended

Active mandates

DETAELLENAERE-COPPENS

Director · 0454.822.013

Represented by Philippe Detaellenaere

Active

Ended mandates

DETAELLENAERE-COPPENS

Director · 0454.822.013

Represented by Philippe Detaellenaere

Ended
Annual accounts

Full financial information

202220212020
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202201/01/202114/08/2019
Closing of the financial year31/12/202231/12/202131/12/2020
Length of the financial year12 months12 months17 months
Filing date07/07/202307/07/202203/07/2021
General meeting07/07/202330/06/202230/06/2021
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202207/07/202307/07/2023DutchPDF
Abridged model31/12/202130/06/202207/07/2022DutchPDF
Abridged model31/12/202030/06/202103/07/2021DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 1 ended

Active mandates

DETAELLENAERE-COPPENS

Director · 0454.822.013

Represented by Philippe Detaellenaere

Active

Ended mandates

DETAELLENAERE-COPPENS

Director · 0454.822.013

Represented by Philippe Detaellenaere

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other31/01/2024
    DIVERSEN
    PDF
  • Other28/12/2023
    BENAMING
    PDF
  • Court decision23/08/2023
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Other19/08/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2022
    Annual accounts 2022-2,8 M €
  2. 2021
    Annual accounts 2021-1,6 M €
  3. 2020
    Annual accounts 2020-1,4 M €
  4. 14/08/2019
    IncorporationPrivate limited company