Bankrupt · Opening faillissement (CBE)

FLRX

BE0732590421

Rechtspersoon Private limited company 1 establishment

FLRX is registered with the CBE as active in: Vervaardiging van verf, vernis ed, drukinkt en mastiek. Private Limited, started on 14 August 2019, 1 establishment.

Langerbruggekaai 6, 9000 Gent

Behind the company: DETAELLENAERE - COPPENS NV.

Start date

14 August 2019

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 15 % of short-term debt in 2022; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

FLRX from Gent, company number BE0732590421, closed financial year 2022 with a result of € -2.8 million after tax. For that financial year FLRX recorded a gross margin of € 1.3 million and equity of € -5.8 million. Compared with financial year 2021, the result moved from € -1.6 million to € -2.8 million. 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 July 7, 2023.

What it is worth Caution

€ -5.8 million

▼ € 2.8 million vs 2021

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

Loss Caution

€ -2.8 million

▼ 74 % more loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 214,754

▼ 29% 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 € -5.9 million.

People and assets in 2022

Full-time equivalents

40.2

▲ 1.2 vs 2021

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

Wage cost

€ 3.1 million

▲ 13% vs 2021

€ 76,200 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

€ 191,832

▼ 21% vs 2021

Of which on lease € 35,252.

Debts at end 2022

Bank debt ≈ 10 years to go

€ 13.5 million

▲ 27% vs 2021

€ 940,474 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 2.7 million

▲ 66% vs 2021

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

Taxes and wages

€ 450,488

▲ 73% vs 2021

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 2,027,731 € 1,306,911 ▼ 36%
Profit after taxes € -1,628,438 € -2,827,975 ▼ € 1.2 million
Equity € -2,957,052 € -5,785,028 ▼ € 2.8 million
Total debts € 12,448,641 € 16,611,205 ▲ 33%
Cash € 302,017 € 214,754 ▼ 29%
Retained profit € -3,057,052 € -5,885,028 ▼ € 2.8 million
Bank debt € 10,567,864 € 13,466,856 ▲ 27%
Balance sheet total € 9,491,589 € 10,826,177 ▲ 14%
Employees (FTE) 39 40.2 ▲ 1.2

Key figures of FLRX, 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 FLRX?

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

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

  • New annual accounts for financial year 2022: loss of € 2.8 million. Source: NBB ↗
  • New establishment in Gent. KBO
  • Start of the company according to the CBE. KBO

In short

From € 1.6 million loss in 2021 to € 2.8 million loss in 2022.

Paid € 6,183 in corporate taxes since 2021.

On average € 32,500 of value added per employee in 2022.

Management

The stake of DETAELLENAERE-COPPENS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

FLRX

Behind FLRX is DETAELLENAERE - COPPENS NV. The shares are held by DETAELLENAERE-COPPENS (100%).

Directors

According to the 2022 annual accounts

DETAELLENAERE - COPPENS NV

Director · represented by Philippe Detaellenaere

Also active at: DL Chemicals Detaellenaere-Loosvelt, GRENSVERLEGGEND

Shareholders

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Langerbruggekaai 6

9000 Gent

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

Details

Company number
0732.590.421
VAT number
BE 0732.590.421
Registered office
Langerbruggekaai 6, 9000 Gent
Names & denominations
FLRX
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
14 August 2019
Peppol
Not registered
Activities · NACE

Vervaardiging van verf, vernis ed, drukinkt en mastiek

Groothandel in behang, verf en woningtextiel

Frequently asked questions

What does FLRX do?
FLRX is registered with the CBE as active in: Vervaardiging van verf, vernis ed, drukinkt en mastiek. Private Limited, started on 14 August 2019, 1 establishment.
What is the address of FLRX?
The registered office of FLRX is located at Langerbruggekaai 6, 9000 Gent.
Is FLRX still active?
No. The CBE lists FLRX 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 FLRX registered on Peppol?
No, FLRX is currently not registered on the Peppol network.
What is the enterprise number of FLRX?
The enterprise number of FLRX is BE0732590421.
When was FLRX founded?
FLRX was founded on 14 August 2019.