OPENING OF BANKRUPTCY

FLRX

Company — Opening of bankruptcy.

Financial year 2022 · Closed on 31/12/2022

Net result-2,8 M €-73,7 %over 1 year
Gross margin1,3 M €-35,5 %over 1 year
Equity-5,8 M €-95,6 %over 1 year
Workforce40,2 ETP+3,1 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 3 filings

Trend over 3 financial years

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

Board of directors

Source · NBB, accounts to 31/12/2022

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DETAELLENAERE-COPPENS0454.822.013Represented by Philippe Detaellenaere
Director

Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
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

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.

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Disclaimer

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

Board of directors

Source · NBB, accounts to 31/12/2022

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DETAELLENAERE-COPPENS0454.822.013Represented by Philippe Detaellenaere
Director

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings3 filings
Mandates
DETAELLENAERE-COPPENS
20192020202120222023202420252026
LIBERT PAINTS
Langerbruggekaai 6, 9000 Gent
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Langerbruggekaai 6, 9000 GentCurrent
accounts 2021 → 2022
Accounts 2022 · 2023-00215051

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
FLRXCurrent
CBE
LIBERT PAINTS
accounts 2020 → 2022
Accounts 2022 · 2023-00215051

Events

  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