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FTH

Active
Public limited company·Activiteiten van holdings· 17 yrs active
Visserijstraat 83 ·1170 Watermaal-Bosvoorde, Belgium
KBO/BCE: BE 0809.778.071
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age17 yrs
Real estate1 parcel · 1.2 ha

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for FTH (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €1.85M and a net result of €1.20M.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 29-01-2021, 2 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2020, that is 31-01-2021.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 nothing on record not filed -
30-06-2024 31-01-2025 nothing on record not filed -
30-06-2023 31-01-2024 nothing on record not filed -
30-06-2022 31-01-2023 nothing on record not filed -
30-06-2021 31-01-2022 nothing on record not filed -
30-06-2020 31-01-2021 29-01-2021 2 d early 2021-03800100
30-06-2019 31-01-2020 29-01-2020 2 d early 2020-02600432
30-06-2018 31-01-2019 31-01-2019 on the day 2019-03500183
30-06-2017 31-01-2018 31-01-2018 on the day 2018-03400520
30-06-2016 31-01-2017 27-01-2017 4 d early 2017-02300507
31-07-2015 29-02-2016 29-02-2016 on the day 2016-05300070
31-07-2014 28-02-2015 20-03-2015 20 d late 2015-06700040

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Equity€1.85M+3.0%
Net result€1.20M+4.7%
Total assets€4.81M+29.0%
Solvency38.5%-9.7pp

Annual accounts & ratios

Source: NBB · 2020
Annual accounts filed on 29-01-2021 with the NBB · fiscal year 2020 · volledig
€0€500k€1.00MOperating result 2019: €35k€35kNet result 2019: €1.15M€1.15MOperating result 2020: €118k€118kNet result 2020: €1.20M€1.20M20192020
Operating resultNet result
Sector comparison
Fiscal year 2020 · NACE 64, Financial services · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 38.5% 51.3%
better than 36% of 129 sector peers
Net result €54k €78k
better than 46% of 129 sector peers
Equity €1.85M €4.79M
better than 34% of 129 sector peers
Gross operating margin €150k €60k
better than 68% of 46 sector peers
Total assets €4.81M €8.90M
better than 38% of 129 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€1.20M
+4.7% 19-20
Total assets
€4.81M
+29.0% 19-20
Equity
€1.85M
+3.0% 19-20
Income taxes
€757
- 19-20
Debt
€2.96M
+53.3% 19-20
Debt ≤ 1y
€621k
+257.6% 19-20
Debt > 1y
€2.34M
+33.1% 19-20
Solvency
38.5%
-20.2% 19-20
ROE
64.9%
+1.6% 19-20
ROA
25.0%
-18.9% 19-20
Figures by fiscal year
Fiscal year2020
Depositvolledig
Revenuen/a
EBITDAn/a
Net profit€1.20M
Cash flown/a
Staff costs-
Income taxes€757
Dividends-
Total assets€4.81M
Equity€1.85M
Debt€2.96M
of which ≤ 1y€621k
of which > 1y€2.34M
Working capitaln/a
Employees (FTE)-
Ratios (computed)
2020
Current ration/a
Quick ration/a
Working capital ration/a
Solvency38.5%
Debt / equityn/a
Long-term debt ration/a
Interest coveragen/a
Gross marginn/a
Net marginn/a
ROA25.0%
ROE64.9%
EBITDA marginn/a
Days sales outstandingn/a
Days payable outstandingn/a
Inventory turnovern/a
Days inventory (DSI)n/a
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€4.81M
Fixed assets 21/28€2.75M
Tangible fixed assets 22/27€208k
Financial fixed assets 28€2.54M
Current assets 29/58€2.06M
Amounts receivable within one year 40/41€2.06M
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.81M
Equity 10/15€1.85M
Contributions / capital 10/11€434k
Reserves 13€216k
Accumulated profits (losses) 14€1.20M
Amounts payable 17/49€2.96M
Amounts payable after one year 17€2.34M
Amounts payable within one year 42/48€621k
Trade debts payable within one year 44€231k
Income statement
Gross operating margin 9900€150k
Operating result 9901€118k
Financial income 75€29k
Financial charges 65€92k
Result before taxes 9903€55k
Income taxes 67/77€757
Net result for the period 9904€54k
Result to be appropriated 9905€54k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2020 · computed
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
2 companies at this address See who is registered here

Establishment units

1 location
Composil Europe
Visserijstraat 83, 1170 Watermaal-BosvoordeHoldings
since 20092.208.602.896
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Buildings1
Building footprint658 m²
Volume (LiDAR)15,336 m³
Tallest building27.0 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21017D0205/00G000 Brussels 1.2 ha 1 · 658 m² 26.9 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health-Profitability100Solvency85Growth78Stability0
66 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -
Profitability 100
Solvency 85
Growth 78
Stability 0

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 5,518 of the 24,678 companies in this sector. 2,235 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Holdings64200Activiteiten van holdings64210Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameFR FTH
AbbreviationFR FTH
Trade nameFR FTH
Registered office
Visserijstraat 83 bus 21
1170 Watermaal-Bosvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.