FT SOLUTIONS
Bankruptcy closedInactive since 23-04-2026; last annual accounts for fiscal year 2021.
Summary
FT SOLUTIONS was declared bankrupt on 20-04-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 21-04-2026, published in the Belgian State Gazette on 27-04-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-06-2022, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
37 d early
2020
9 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€104k▼ 83.5%
2020 · €630k
2018: €604k
2019: €709k▲ +17.3% vs 2018highest in 4 years
2020: €630k▼ -11.1% vs 2019
2021: €104k▼ -83.5% vs 2020lowest in 4 years
2018 → 2021
Total assets
€4.65M▲ 8.3%
2020 · €4.29M
2018: €1.93Mlowest in 4 years
2019: €3.09M▲ +60.5% vs 2018
2020: €4.29M▲ +38.9% vs 2019
2021: €4.65M▲ +8.3% vs 2020highest in 4 years
2018 → 2021
Net result
€-652k▼ 3.6%
2020 · €-630k
2018: €204khighest in 4 years
2019: €154k▼ -24.2% vs 2018
2020: €-630k▼ -508% vs 2019
2021: €-652k▼ -3.6% vs 2020lowest in 4 years
2018 → 2021
Working capital
€-233k▲ 12.3%
2020 · €-266k
2018: €516khighest in 4 years
2019: €505k▼ -2.2% vs 2018
2020: €-266k▼ -153% vs 2019lowest in 4 years
2021: €-233k▲ +12.3% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€604k-€709k▲ 17.3%€630k▼ 11.1%€104k▼ 83.5%
2018: €604k
2019: €709k▲ +17.3% vs 2018highest in 4 years
2020: €630k▼ -11.1% vs 2019
2021: €104k▼ -83.5% vs 2020lowest in 4 years
Operating result€253k-€156k▼ 38.3%€-651k€-725k▼ 11.4%
2018: €253khighest in 4 years
2019: €156k▼ -38.3% vs 2018
2020: €-651k▼ -518% vs 2019
2021: €-725k▼ -11.4% vs 2020lowest in 4 years
Net result€204k-€154k▼ 24.2%€-630k€-652k▼ 3.6%
2018: €204khighest in 4 years
2019: €154k▼ -24.2% vs 2018
2020: €-630k▼ -508% vs 2019
2021: €-652k▼ -3.6% vs 2020lowest in 4 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €725k in 2021 against €651k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.65M
Fixed assets
€1.18M ▼ 21.0%
Current assets
€3.47M ▲ 23.9%
Equity and liabilities €4.65M
Equity
€104k ▼ 83.5%
Debt
€4.54M ▲ 24.1%
Debt's share of the balance-sheet total rises from 85.3% to 97.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-339k▲
2020 · €-431k
Cash flow
€-266k▲
2020 · €-410k
Current ratio
0.94▲
2020 · 0.91
Quick ratio
0.56▼
2020 · 0.68
Debt to equity
43.76▲
2020 · 0.84
ROE
-628.4%▼
2020 · -100.0%
ROA
-14.0%▲
2020 · -14.7%
Interest coverage
-3.40
Debt ≤ 1 year
€3.70M▲
2020 · €3.06M
Debt > 1 year
€826k▲
2020 · €528k
Income taxes
€1k▼
2020 · €1k
Staff costs
€654k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 56 lines
Balance sheet
Code20202021
Assets
Total assets20/58€4.29M€4.65M▲
Fixed assets21/28€1.49M€1.18M▼
Intangible fixed assets21€1.45M€1.16M▼
Tangible fixed assets22/27€47k€23k▼
Plant, machinery and equipment23-€5k
Furniture and vehicles24-€182
Other tangible fixed assets26-€18k
Financial fixed assets28€2k-
Current assets29/58€2.80M€3.47M▲
Stocks and contracts in progress3€720k€1.41M▲
Stocks30/36-€912k
Contracts in progress37-€498k
Amounts receivable within one year40/41€1.69M€1.79M▲
Trade receivables40-€1.66M
Other amounts receivable41-€129k
Cash at bank and in hand54/58€43k€222k▲
Deferred charges and accrued income490/1-€40k
Equity and liabilities
Total equity and liabilities10/49€4.29M€4.65M▲
Equity10/15€630k€104k▼
Contributions10/11-€369k
Reserves13€70k€70k=
Distributable reserves133-€70k
Profit (loss) carried forward14€-241k€-893k▼
Investment grants15-€558k
Amounts payable17/49€3.66M€4.54M▲
Amounts payable after more than one year17€528k€826k▲
Financial debts170/4-€826k
Amounts payable within one year42/48€3.06M€3.70M▲
Current portion of amounts payable after more than one year42-€462k
Financial debts43-€888k
Credit institutions430/8-€888k
Trade debts44€1.54M€1.65M▲
Suppliers440/4-€1.65M
Taxes, remuneration and social security45-€163k
Taxes450/3-€104k
Remuneration and social security454/9-€58k
Other amounts payable47/48-€535k
Accrued charges and deferred income492/3-€18k
Income statement
Code20202021
Non-recurring operating income76A-€100
Remuneration, social security and pensions62-€654k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220k€386k▲
Other operating charges640/8-€7k
Non-recurring operating charges66A-€2k
Gross operating margin9900€454k€323k▼
Operating profit (loss)9901€-651k€-725k▼
Financial income75/76B-€174k
Recurring financial income75€82k€174k▲
Financial charges65/66B-€100k
Recurring financial charges65€59k€100k▲
Profit (loss) for the period before taxes9903€-628k€-651k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-630k€-652k▼
Profit (loss) for the period to be appropriated9905€-630k€-652k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-893k
Profit (loss) brought forward from the previous period14P-€-241k
Social balance
Average headcount (FTE)9087-9.3
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €100 | - |
| Remuneration, social security and pensions62 | - | - | - | €654k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84k | €171k | €220k | €386k | ▲ 75.3% |
| Other operating charges640/8 | - | - | - | €7k | - |
| Non-recurring operating charges66A | - | - | - | €2k | - |
| Gross operating margin9900 | €814k | €1.04M | €454k | €323k | ▼ 28.7% |
| Operating profit (loss)9901 | €253k | €156k | €-651k | €-725k | ▼ 11.4% |
| Financial income75/76B | - | - | - | €174k | - |
| Recurring financial income75 | €20k | €52k | €82k | €174k | ▲ 112% |
| Financial charges65/66B | - | - | - | €100k | - |
| Recurring financial charges65 | €18k | €32k | €59k | €100k | ▲ 68.2% |
| Profit (loss) for the period before taxes9903 | €255k | €176k | €-628k | €-651k | ▼ 3.6% |
| Income taxes67/77 | €51k | €22k | €1k | €1k | ▼ 19.7% |
| Profit (loss) for the period9904 | €204k | €154k | €-630k | €-652k | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | €204k | €154k | €-630k | €-652k | ▼ 3.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.93M | €3.09M | €4.29M | €4.65M | ▲ 8.3% |
| Fixed assets21/28 | €243k | €527k | €1.49M | €1.18M | ▼ 21.0% |
| Intangible fixed assets21 | €166k | €453k | €1.45M | €1.16M | ▼ 19.9% |
| Tangible fixed assets22/27 | €75k | €72k | €47k | €23k | ▼ 51.4% |
| Plant, machinery and equipment23 | - | - | - | €5k | - |
| Furniture and vehicles24 | - | - | - | €182 | - |
| Other tangible fixed assets26 | - | - | - | €18k | - |
| Financial fixed assets28 | €2k | €2k | €2k | - | - |
| Current assets29/58 | €1.68M | €2.56M | €2.80M | €3.47M | ▲ 23.9% |
| Stocks and contracts in progress3 | €357k | €675k | €720k | €1.41M | ▲ 95.7% |
| Stocks30/36 | - | - | - | €912k | - |
| Contracts in progress37 | - | - | - | €498k | - |
| Amounts receivable within one year40/41 | €1.24M | €1.33M | €1.69M | €1.79M | ▲ 6.2% |
| Trade receivables40 | - | - | - | €1.66M | - |
| Other amounts receivable41 | - | - | - | €129k | - |
| Cash at bank and in hand54/58 | €33k | €19k | €43k | €222k | ▲ 420% |
| Deferred charges and accrued income490/1 | - | - | - | €40k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.93M | €3.09M | €4.29M | €4.65M | ▲ 8.3% |
| Equity10/15 | €604k | €709k | €630k | €104k | ▼ 83.5% |
| Contributions10/11 | €69k | €69k | - | €369k | - |
| Reserves13 | €305k | €459k | €70k | €70k | = |
| Distributable reserves133 | - | - | - | €70k | - |
| Profit (loss) carried forward14 | - | - | €-241k | €-893k | ▼ 271% |
| Investment grants15 | - | - | - | €558k | - |
| Amounts payable17/49 | €1.32M | €2.38M | €3.66M | €4.54M | ▲ 24.1% |
| Amounts payable after more than one year17 | €147k | €302k | €528k | €826k | ▲ 56.2% |
| Financial debts170/4 | - | - | - | €826k | - |
| Amounts payable within one year42/48 | €1.17M | €2.06M | €3.06M | €3.70M | ▲ 20.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €462k | - |
| Financial debts43 | - | - | - | €888k | - |
| Credit institutions430/8 | - | - | - | €888k | - |
| Trade debts44 | €605k | €1.42M | €1.54M | €1.65M | ▲ 7.3% |
| Suppliers440/4 | - | - | - | €1.65M | - |
| Taxes, remuneration and social security45 | - | - | - | €163k | - |
| Taxes450/3 | - | - | - | €104k | - |
| Remuneration and social security454/9 | - | - | - | €58k | - |
| Other amounts payable47/48 | - | - | - | €535k | - |
| Accrued charges and deferred income492/3 | - | - | - | €18k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €204k | €154k | €-630k | €-652k | ▼ 3.6% |
| + Depreciation and write-downs630 | €84k | €171k | €220k | €386k | ▲ 75.3% |
| Operating cash flow (approximation) | €288k | €326k | €-410k | €-266k | ▲ 35.0% |
| Investment in fixed assets (approximation) | - | €-456k | €-1.19M | €-72k | ▲ 94.0% |
| Change in cash | - | €-14k | €24k | €180k | ▲ 658% |
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
2026
27-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 21-04-2026
2023
26-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-04-2023
14-03
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 08-03-2023
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-652k
Net result drops to €-652k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-06
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 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen
Ground area
5,641 m²
Building footprint
4,167 m²
Volume, LiDAR
38,488 m³
Parcel 11463D0410/00T000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0410/00T000 | Flanders | 5,641 m² | 1 · 4,167 m² | 11.5 m · 3 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 | KJELL SWARTELE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
20-04-2023 → 21-04-2026 |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,331 EUR awarded · 4,331 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 336 EUR |
| 2022 | 1 | 4,331 EUR | 3,995 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 150 companies in sector 46644 we hold annual accounts for 113. 62 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46644Wholesale trade
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.