Bankrupt · Opening faillissement (CBE)

De Faar

BE0759857220

Rechtspersoon Private limited company 1 establishment

Fortstraat 10, 8400 Oostende

Behind the company: Yves Lonchay.

Start date

16 December 2020

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 1 of the last 1 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 6 % of short-term debt in 2021; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2021

De Faar from Oostende, company number BE0759857220, closed financial year 2021 with a result of € -177,928 after tax. For that financial year De Faar recorded a gross margin of € -47,837 and equity of € -147,928. 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 June 10, 2022.

What it is worth Caution

€ -147,928

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

Loss Caution

€ -177,928

Profit after tax over the fiscal year.

Cash in the bank

€ 9,361

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 € -177,928.

People and assets in 2021

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 101,906

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

€ 33,264

Book value of vehicles, furniture and equipment.

Debts at end 2021

Bank debt ≈ 7 years to go

€ 137,722

€ 20,103 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 86,749

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

Taxes and wages

€ 23,711

Taxes, VAT and social contributions still to pay.

Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →

What happened to De Faar?

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

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

  • New annual accounts for financial year 2021: loss of € 177,928. Source: NBB ↗
  • New establishment in Oostende. KBO
  • Start of the company according to the CBE. KBO

Management

Yves Lonchay
De Faar

Behind De Faar is Yves Lonchay.

See the full network in the app

Directors

According to the 2021 annual accounts

Yves Lonchay

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Fortstraat 10

8400 Oostende

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

Details

Company number
0759.857.220
VAT number
BE 0759.857.220
Registered office
Fortstraat 10, 8400 Oostende
Names & denominations
De Faar
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
16 December 2020
Peppol
Not registered

Frequently asked questions

What is the address of De Faar?
The registered office of De Faar is located at Fortstraat 10, 8400 Oostende.
Is De Faar still active?
No. The CBE lists De Faar 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 De Faar registered on Peppol?
No, De Faar is currently not registered on the Peppol network.
What is the enterprise number of De Faar?
The enterprise number of De Faar is BE0759857220.
When was De Faar founded?
De Faar was founded on 16 December 2020.
Who owns De Faar?
Behind De Faar is Yves Lonchay.