FALSENHOEVE
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 19 March 2024
- Supervising judge
- Luc Vanderbeke
- Official Gazette
- 25-03-2024 (pdf) ↗search the document for 2024/112174
Deadlines
- Provisional date payments stopped
- 19 March 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 9 April 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 18 April 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 7 May 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 19 March 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Marian RapsaetMinister Tacklaan 51, 8500 Kortrijkmr@tack51.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 08-05-2023, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2022
8 d late
2021
2 d late
2020
on the day
2019
84 d late
2018
26 d early
2017
31 d early
2016
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2022 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the General construction of other non-residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€35,410▼ 283%
2021 · -€9,250
Total assets
€58,676▲ 7.4%
2021 · €54,608
Net result
-€26,160
2021 · €24,536
Working capital
-€11,542▼ 13.1%
2021 · -€10,206
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€372--€35,927€27,311-€22,027
Net result-€7,732--€40,136below the sector's middle half▼ 419%€24,536within the sector's middle half-€26,160below the sector's middle half
Equity€6,349--€33,786below the sector's middle half-€9,250below the sector's middle half▲ 72.6%-€35,410below the sector's middle half▼ 283%
Total assets€66,469-€38,228below the sector's middle half▼ 42.5%€54,608below the sector's middle half▲ 42.9%€58,676within the sector's middle half▲ 7.4%
Debt€60,120-€72,014▲ 19.8%€63,859▼ 11.3%€94,087▲ 47.3%
Working capital€1,228--€35,447below the sector's middle half-€10,206below the sector's middle half▲ 71.2%-€11,542below the sector's middle half▼ 13.1%
Solvency9.6%--88.4%below the sector's middle half▼ 97.9pp-16.9%below the sector's middle half▲ 71.4pp-60.3%below the sector's middle half▼ 43.4pp
Current ratio1.03-0.41below the sector's middle half▼ 0.620.84below the sector's middle half▲ 0.430.83below the sector's middle half▼ 0.01
Return on assets (ROA)-11.6%--105.0%below the sector's middle half▼ 93.4pp44.9%above the sector's middle half▲ 149.9pp-44.6%below the sector's middle half▼ 89.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €22,027 after €27,311 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €58,676
Fixed assets
€615 ▼ 35.7%
Current assets
€58,061 ▲ 8.2%
Equity and liabilities
Equity-€35,410
Debt€94,087
Equity is negative: debt (€94,087) exceeds the balance-sheet total (€58,676).
Key figures and ratios
EBITDA
-€21,686▼
2021 · €27,641
Cash flow
-€25,819▼
2021 · €24,867
Quick ratio
0.69▲
2021 · 0.37
Interest coverage
-5.22▼
2021 · 8.56
Debt ≤ 1 year
€69,604▲
2021 · €63,859
Debt > 1 year
€24,483▲
2021 · €0
Income taxes
€0▼
2021 · €104
Staff costs
€0▼
2021 · €52
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,023 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €52 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,376 | €8,189 | €331 | €341 | ▲ 3.1% |
| Other operating charges640/8 | - | - | €644 | €1,143 | ▲ 77.3% |
| Non-recurring operating charges66A | - | - | €5,094 | €0 | ▼ 100% |
| Gross operating margin9900 | €12,177 | -€19,848 | €33,431 | -€20,544 | ▼ 161% |
| Operating profit (loss)9901 | €372 | -€35,927 | €27,311 | -€22,027 | ▼ 181% |
| Financial income75/76B | - | - | €558 | €22 | ▼ 96.1% |
| Recurring financial income75 | €86 | €11 | €558 | €22 | ▼ 96.1% |
| Financial charges65/66B | - | - | €3,228 | €4,154 | ▲ 28.7% |
| Recurring financial charges65 | €7,844 | €3,904 | €3,228 | €4,154 | ▲ 28.7% |
| Profit (loss) for the period before taxes9903 | -€7,386 | -€39,820 | €24,640 | -€26,160 | ▼ 206% |
| Income taxes67/77 | €346 | €315 | €104 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€7,732 | -€40,136 | €24,536 | -€26,160 | ▼ 207% |
| Profit (loss) for the period to be appropriated9905 | -€7,732 | -€40,136 | €24,536 | -€26,160 | ▼ 207% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66,469 | €38,228 | €54,608 | €58,676 | ▲ 7.4% |
| Fixed assets21/28 | €21,410 | €13,457 | €956 | €615 | ▼ 35.7% |
| Tangible fixed assets22/27 | €21,410 | €13,457 | €956 | €615 | ▼ 35.7% |
| Plant, machinery and equipment23 | - | - | €956 | €615 | ▼ 35.7% |
| Furniture and vehicles24 | - | - | €0 | - | - |
| Current assets29/58 | €45,059 | €24,771 | €53,652 | €58,061 | ▲ 8.2% |
| Stocks and contracts in progress3 | €3,588 | €1,167 | €30,193 | €10,200 | ▼ 66.2% |
| Stocks30/36 | - | - | €2,733 | €200 | ▼ 92.7% |
| Contracts in progress37 | - | - | €27,460 | €10,000 | ▼ 63.6% |
| Amounts receivable within one year40/41 | €18,864 | €16,550 | €23,459 | €47,861 | ▲ 104% |
| Trade receivables40 | - | - | €17,309 | €45,096 | ▲ 161% |
| Other amounts receivable41 | - | - | €6,151 | €2,765 | ▼ 55.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66,469 | €38,228 | €54,608 | €58,676 | ▲ 7.4% |
| Equity10/15 | €6,349 | -€33,786 | -€9,250 | -€35,410 | ▼ 283% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | = |
| Reserves13 | €863 | €863 | €863 | €863 | = |
| Non-distributable reserves130/1 | - | - | €863 | €863 | = |
| Reserves not available under the articles1311 | - | - | €863 | €863 | = |
| Profit (loss) carried forward14 | -€6,914 | -€47,050 | -€22,514 | -€48,674 | ▼ 116% |
| Amounts payable17/49 | €60,120 | €72,014 | €63,859 | €94,087 | ▲ 47.3% |
| Amounts payable after more than one year17 | €16,289 | €11,796 | €0 | €24,483 | - |
| Financial debts170/4 | - | - | €0 | - | - |
| Other amounts payable178/9 | - | - | €0 | €24,483 | - |
| Amounts payable within one year42/48 | €43,831 | €60,218 | €63,859 | €69,604 | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | €4,839 | €0 | ▼ 100% |
| Financial debts43 | - | - | €28,698 | €13,400 | ▼ 53.3% |
| Credit institutions430/8 | - | - | €28,698 | €13,400 | ▼ 53.3% |
| Trade debts44 | €13,303 | €22,617 | €30,322 | €56,204 | ▲ 85.4% |
| Suppliers440/4 | - | - | €30,322 | €56,204 | ▲ 85.4% |
| Advances received on contracts in progress46 | - | - | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €0 | - | - |
| Taxes450/3 | - | - | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,732 | -€40,136 | €24,536 | -€26,160 | ▼ 207% |
| + Depreciation and write-downs630 | €8,376 | €8,189 | €331 | €341 | ▲ 3.1% |
| Operating cash flow (approximation) | €644 | -€31,946 | €24,867 | -€25,819 | ▼ 204% |
| Investment in fixed assets (approximation) | - | -€236 | €12,170 | €0 | ▼ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
25-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-03-2024
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Back to profitnet €24,536
Net result €24,536 after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€40,136
Net result drops to -€40,136, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 52 days late
2015
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 55 days late
2014
23-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2010
Ground area
4,453 m²
Building footprint
694 m²
Volume, LiDAR
3,243 m³
Parcel 34033D0068/00D000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tombroekmolenstraat(Rol) 26, 8510 Kortrijk
since 20102.193.979.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033D0068/00D000 | Flanders | 4,453 m² | 1 · 694 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARIAN RAPSAET Minister Tacklaan 51, 8500 Kortrijk |
19-03-2024 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,453 companies in this sector we hold annual accounts for 1,059. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded08-12-2010
Fiscal year end30-09
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.