Bankrupt · Opening faillissement (CBE)

FALCO

BE0453893979

Rechtspersoon Public limited company 1 establishment

FALCO is a specialised building contractor in Binche. Public Limited, started on 24 November 1994, 1 establishment.

Rue Albert 1er(LEV) 46, 7134 Binche

Start date

24 November 1994

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 2 of the last 2 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2021 and 2022.

  • Tight liquidity NBB

    Cash and receivables cover 24 % of short-term debt in 2022; threshold 65 %.

  • Busy address KBO

    19 other companies have their registered office at the same address; threshold 10.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

FALCO from Binche, company number BE0453893979, closed financial year 2022 with a result of € -48,752 after tax. For that financial year FALCO recorded a gross margin of € 252,040 and equity of € -234,917. Compared with financial year 2021, the result moved from € -1.2 million to € -48,752. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2023.

What it is worth Caution

€ -234,917

▼ € 52,941 vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -48,752

▲ 96 % less loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 56,135

▼ 56% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.2 million.

People and assets in 2022

Full-time equivalents

6.6

▼ 7.2 vs 2021

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 202,327

▼ 68% vs 2021

€ 30,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 17,135

▼ 74% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt ≈ 3 years to go

€ 1 million

▼ 9% vs 2021

€ 41,467 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 474,656

▼ 35% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 25,957

▼ 86% vs 2021

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € -438,780 € 252,040 ▲ € 690,820
Profit after taxes € -1,222,717 € -48,752 ▲ € 1.2 million
Equity € -181,976 € -234,917 ▼ € 52,941
Total debts € 2,115,019 € 1,592,346 ▼ 25%
Cash € 127,933 € 56,135 ▼ 56%
Land & buildings € 604,954 € 591,417 ▼ 2%
Retained profit € -1,167,112 € -1,215,864 ▼ € 48,752
Bank debt € 1,102,136 € 1,007,871 ▼ 9%
Balance sheet total € 1,933,043 € 1,357,429 ▼ 30%
Employees (FTE) 13.8 6.6 ▼ 7.2

Key figures of FALCO, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to FALCO?

What happened at FALCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

FALCO is active according to the CBE. Legal situation: Opening faillissement.

  • Domenico FALCONI stepped down as director. NBB
  • Filomena BALBO stepped down as director. NBB
  • New annual accounts for financial year 2022: loss of € 48,752. filed late Source: NBB ↗
  • Domenico FALCONI became a director. NBB
  • Filomena BALBO became a director. NBB
  • New establishment in Binche. KBO
  • Start of the company according to the CBE. KBO

In short

From € 1.2 million loss in 2021 to € 48,752 loss in 2022.

Paid € 532 in corporate taxes since 2021.

On average € 38,200 of value added per employee in 2022.

Management

Directors

According to the 2022 annual accounts

Domenico FALCONI

Director

since 2018 · until 2024

Filomena BALBO

Director

since 2018 · until 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Albert 1er(LEV) 46

7134 Binche

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0453.893.979
VAT number
BE 0453.893.979
Registered office
Rue Albert 1er(LEV) 46, 7134 Binche
Names & denominations
FALCO
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
24 November 1994
Peppol
Not registered
Activities · NACE

Dakwerkzaamheden

Dakbedekking en bouw van dakconstructies

Stukadoorswerk

Algemene bouw van residentiële gebouwen

Schrijnwerk

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Bouwen van individuele huizen

+4

Frequently asked questions

What does FALCO do?
FALCO is a specialised building contractor in Binche. Public Limited, started on 24 November 1994, 1 establishment.
What is the address of FALCO?
The registered office of FALCO is located at Rue Albert 1er(LEV) 46, 7134 Binche.
Is FALCO still active?
No. The CBE lists FALCO with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is FALCO registered on Peppol?
No, FALCO is currently not registered on the Peppol network.
What is the enterprise number of FALCO?
The enterprise number of FALCO is BE0453893979.
When was FALCO founded?
FALCO was founded on 24 November 1994.