FUN BELGIUM
The KBO register records legal situation 050 for FUN BELGIUM (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show negative equity (€-2.04M) and a net result of €-10.13M.
| Equity | €-2.04M |
| Net result | €-10.13M |
| Staff (FTE) | 45.8 |
| Better than sector | 18% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -5.5% | 20.4% | |
| Net result | €-10.13M | €9k | |
| Equity | €-2.04M | €82k | |
| Staff costs | €3.04M | €176k | |
| Employees (FTE) | 45.8 | 5.8 |
Show 14 other metrics
| Fiscal year | 2022 |
|---|---|
| Deposit | volledig |
| Revenue | €70.20M |
| EBITDA | €-9.05M |
| Net profit | €-10.13M |
| Cash flow | €-9.17M |
| Staff costs | €3.04M |
| Income taxes | €5k |
| Dividends | - |
| Total assets | €36.82M |
| Equity | €-2.04M |
| Debt | €38.86M |
| of which ≤ 1y | €16.26M |
| of which > 1y | €22.60M |
| Working capital | €13.03M |
| Employees (FTE) | 45.8 |
| 2022 | |
|---|---|
| Current ratio | 1.80 |
| Quick ratio | 0.49 |
| Working capital ratio | 35.4% |
| Solvency | -5.5% |
| Debt / equity | -19.06 |
| Long-term debt ratio | -11.08 |
| Interest coverage | -8.28 |
| Gross margin | 32.9% |
| Net margin | -14.4% |
| ROA | -27.5% |
| ROE | 496.8% |
| EBITDA margin | -12.9% |
| Days sales outstanding | 16d |
| Days payable outstanding | 101d |
| Inventory turnover | 2.21 |
| Days inventory (DSI) | 165d |
Full annual accounts (26 line items)
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €36.82M |
| Fixed assets | 21/28 | €7.54M |
| Intangible fixed assets | 21 | €417k |
| Tangible fixed assets | 22/27 | €4.45M |
| Financial fixed assets | 28 | €2.67M |
| Current assets | 29/58 | €29.28M |
| Stocks & contracts in progress | 3 | €21.34M |
| Amounts receivable within one year | 40/41 | €3.64M |
| Cash & bank | 54/58 | €4.04M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €36.82M |
| Equity | 10/15 | €-2.04M |
| Contributions / capital | 10/11 | €9.45M |
| Reserves | 13 | €198k |
| Accumulated profits (losses) | 14 | €-11.68M |
| Amounts payable | 17/49 | €38.86M |
| Amounts payable after one year | 17 | €22.60M |
| Amounts payable within one year | 42/48 | €16.26M |
| Trade debts payable within one year | 44 | €13.02M |
| Income statement | ||
| Turnover | 70 | €70.20M |
| Operating result | 9901 | €-10.01M |
| Financial income | 75 | €185k |
| Financial charges | 65 | €1.29M |
| Result before taxes | 9903 | €-10.13M |
| Income taxes | 67/77 | €5k |
| Net result for the period | 9904 | €-10.13M |
| Result to be appropriated | 9905 | €-10.13M |
-
ALGREEN CONSULTINGDirectorState Gazette act 23321471 (10-03-2023)Current10-03-2023 → present
-
BLUE VISIONDirectorState Gazette act 23321471 (10-03-2023)Current10-03-2023 → present
-
PARGECODirectorState Gazette act 23321471 (10-03-2023)Current10-03-2023 → present
3 events
- 10-03-2023 Resigned· Director
- 10-03-2023 Appointed· Director
- 10-03-2023 Appointed· Managing director
Historic, not recently confirmed (11)
-
Valinco SrlLegal entityManaging directorState Gazette act 20088865 (03-08-2020)Not recently confirmedlast confirmed in an act from 2020
-
NIELSATOR SPRLLegal entityDirectorState Gazette act 19014483 (29-01-2019)Not recently confirmedlast confirmed in an act from 2019
4 events
- 29-01-2019 Resigned· Managing director
- 29-01-2019 Appointed· Director
- 16-06-2016 Appointed· Bestuurder klasse a
- 16-06-2016 Appointed· Managing director
-
PARGECO SPRLLegal entityDirectorState Gazette act 19014483 (29-01-2019)Not recently confirmedlast confirmed in an act from 2019
3 events
- 29-01-2019 Appointed· Director
- 29-01-2019 Appointed· Voorzitter raad van bestuur
- 29-01-2019 Appointed· Gedelegeerde bestuurder
-
VALINCO SPRLLegal entityDirectorState Gazette act 19014483 (29-01-2019)Not recently confirmedlast confirmed in an act from 2019
-
Bernard RaevensVaste vertegenwoordiger bestuurderState Gazette act 16044693 (30-03-2016)Not recently confirmedlast confirmed in an act from 2016
-
Nielsator bvbaLegal entityDirectorState Gazette act 15154776 (05-11-2015)Not recently confirmedlast confirmed in an act from 2015
-
ELBA NVLegal entityDirectorState Gazette act 09132801 (21-09-2009)Not recently confirmedlast confirmed in an act from 2009
-
FIDIGO NVLegal entityDirectorState Gazette act 09132801 (21-09-2009)Not recently confirmedlast confirmed in an act from 2009
-
IVCO BVBALegal entityDirectorState Gazette act 09132801 (21-09-2009)Not recently confirmedlast confirmed in an act from 2009
-
RETAIL PARTNER BVBALegal entityDirectorState Gazette act 09132801 (21-09-2009)Not recently confirmedlast confirmed in an act from 2009
2 events
- 21-09-2009 Appointed· Director
- 21-09-2009 Appointed· Managing director
-
ZERMATT BVBALegal entityDirectorState Gazette act 09132801 (21-09-2009)Not recently confirmedlast confirmed in an act from 2009
2 events
- 21-09-2009 Appointed· Director
- 21-09-2009 Appointed· Voorzitter van de raad van bestuur
Permanent representatives (2)
-
Fank FélixVaste vertegenwoordiger commissarisState Gazette act 21091868 (30-07-2021)Permanent representative30-07-2021 → present
-
Délia GentiliniVaste vertegenwoordigerState Gazette act 24014508 (23-01-2024)Permanent representative- → 23-01-2024
Former directors (13)
-
BV ALGREEN CONSULTINGLegal entityDirectorState Gazette act 24014508 (23-01-2024)Former- → 23-01-2024
-
NIELSATORDirectorState Gazette act 23321471 (10-03-2023)Former- → 10-03-2023
-
VALUE INVEST CONSULT, verkort VALINCODirectorState Gazette act 23321471 (10-03-2023)Former- → 10-03-2023
2 events
- 10-03-2023 Resigned· Director
- 10-03-2023 Resigned· Managing director
-
Pargeco SrlLegal entityManaging directorState Gazette act 20088865 (03-08-2020)Former- → 03-08-2020
-
ARLINI NVLegal entityDirectorState Gazette act 19014483 (29-01-2019)Former- → 29-01-2019
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Deloitte Bedrijfsrevisoren (erkenningsnummer B00025)Current Commissaris revisor |
- | 22-03-2024 → present |
| Mevrouw MITRUGNO Angélique (A02609)Current Permanent vertegenwoordiger commissaris revisor |
- | 22-03-2024 → present |
Show 4 earlier auditors
| BDO (erkenningsnummer B00023) Commissaris revisor |
- | - → 22-03-2024 |
| BV BDO Bedrijfsrevisoren Statutory auditor succeeded by Deloitte Bedrijfsrevisoren (erkenningsnummer B00025) in 2024 |
- | 30-07-2021 → 22-03-2024 |
| BVCE GRANT THORNTON, LIPPENS & RABAEY Statutory auditor succeeded by Ernst & Young Assurance Services BV CVBA in 2015 |
- | 21-09-2009 → 19-08-2015 |
| Ernst & Young Assurance Services BV CVBA Statutory auditor succeeded by BV BDO Bedrijfsrevisoren in 2021 |
- | 19-08-2015 → 30-07-2021 |
| NACE primary | Overige niet-gespecialiseerde detailhandel(47120) |
| Legal form | Public limited company(014) |
| Incorporation | 15-03-1990 |
| Status | Active |
| Postal code | 8200 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025E0013/00W000 | Flanders | 4.8 ha | 1 · 1.8 ha | - |
| 31030A0801/00A000 | Flanders | 7,354 m² | 1 · 1,647 m² | 7.0 m |
| 31030A0675/04N000 | Flanders | 4,199 m² | 1 · 1,545 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 32 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
22-03-2024 2 directors appointed, 1 resigning
- Deloitte Bedrijfsrevisoren (erkenningsnummer B00025), Commissaris revisor
- Mevrouw MITRUGNO Angélique (A02609), Permanent vertegenwoordiger commissaris revisor
- BDO (erkenningsnummer B00023), Commissaris revisor
Technical details
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}23-01-2024 2 resigning
- BV ALGREEN CONSULTING, Bestuurder
- Délia Gentilini, Vaste vertegenwoordiger
Technical details
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}10-03-2023 Transaction in capital or shares
Technical details
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}30-07-2021 2 directors appointed
- BV BDO Bedrijfsrevisoren, Commissaris
- Fank Félix, Vaste vertegenwoordiger commissaris
Technical details
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}03-08-2020 1 director appointed, 1 resigning
- Valinco Srl, Gedelegeerd bestuurder
- Pargeco Srl, Gedelegeerd bestuurder
Technical details
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}29-01-2019 5 directors appointed, 5 resigning
- PARGECO SPRL, Bestuurder
- VALINCO SPRL, Bestuurder
- NIELSATOR SPRL, Bestuurder
- PARGECO SPRL, Voorzitter raad van bestuur
- PARGECO SPRL, Gedelegeerde bestuurder
- NIELSATOR SPRL, Gedelegeerd bestuurder
- MITISKA NV, Bestuurder
- ARLINI NV, Bestuurder
Technical details
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"name": "VAN CAUWENBERGHE Jacques",
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}27-09-2018 Ernst & Young Assurance Services BV CVBA appointed as statutory auditor
- Ernst & Young Assurance Services BV CVBA, Commissaris
Technical details
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}18-05-2018 1 director appointed, 2 resigning
- YESI CONSULT BVBA, Bestuurder klasse b
- THUMBSUP CBVA, Bestuurder
- BLUE THUMB CBVA, Bestuurder
Technical details
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}06-01-2017 Capital increase of €7,000,000 to €9,445,386.64
- €2.445.386,64 → €9.445.386,64
- Inbreng in natura · Apport en nature
Technical details
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}06-09-2016 YESI CONSULT BVBA appointed as managing director
- YESI CONSULT BVBA, Gedelegeerd bestuurder
Technical details
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}16-06-2016 2 directors appointed, 2 resigning
- Nielsator sprl, Bestuurder klasse a
- Nielsator sprl, Gedelegeerd bestuurder
- Desch bvba, Bestuurder
- Permeke Invest nv, Bestuurder
Technical details
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}30-03-2016 Bernard Raevens appointed as vaste vertegenwoordiger bestuurder
- Bernard Raevens, Vaste vertegenwoordiger bestuurder
Technical details
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}22-01-2016 Capital increase of €3,000,000.00 to €8,445,386.64
- €5.445.386,64 → €8.445.386,64
- Inbreng in natura · Apport en nature
Technical details
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}05-11-2015 Nielsator bvba appointed as director
- Nielsator bvba, Bestuurder
Technical details
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}19-08-2015 Ernst & Young Assurance Services BV CVBA appointed as statutory auditor
- Ernst & Young Assurance Services BV CVBA, Commissaris
Technical details
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}13-04-2011 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"office_city": "Brugge",
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{
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},
{
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],
"exchange_ratio": null,
"legal_articles": [
"728 WVV"
],
"is_cross_border": false,
"is_silent_merger": false,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": 0,
"real_estate_included": false,
"patrimony_description": "Bepaalde actiefbestanddelen, momenteel eigendom van de partieel te splitsen vennootschap \u0027Fun Belgium\u0027, worden overgedragen aan \u0027Retail Estates\u0027. De overdracht betreft een gedeeltelijk patrimoine.",
"equity_transferred_eur": null,
"accounting_effective_date": null
},
"subject_company": {
"kbo": "0440.072.766",
"name_full": "Fun Belgium",
"legal_form": "naamloze vennootschap"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "Arlini NV",
"person_name": null,
"org_rep_person_name": "Mevrouw Carpentier"
},
"summary_narrative": "Op 31 maart 2011 is een voorstel van een met splitsing gelijkgestelde verrichting neergelegd bij de rechtbank van koophandel te Brugge. Het voorstel betreft de overdracht van bepaalde actiefbestanddelen van de naamloze vennootschap \u0027Fun Belgium\u0027 aan \u0027Retail Estates\u0027, als onderdeel van een partiele splitsing. De beslissing is genomen door de buitengewone algemene vergadering van \u0027Fun Belgium\u0027.",
"co_filed_documents": [],
"detected_real_type": "demerger_proposal",
"referenced_correction": null,
"should_reroute_to_category": null
}21-09-2009 10 directors appointed, 1 resigning
- ZERMATT BVBA, Bestuurder
- PERMEKE INVEST NV, Bestuurder
- MITISKA NV, Bestuurder
- FIDIGO NV, Bestuurder
- ELBA NV, Bestuurder
- IVCO BVBA, Bestuurder
- RETAIL PARTNER BVBA, Bestuurder
- BVCE GRANT THORNTON, LIPPENS & RABAEY, Commissaris
Technical details
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}| Legal nameNL | FUN BELGIUM |