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Complete company report
Generated 09-08-2026
Active BE 0837.350.025Public limited companyOpen bankruptcy

FUN LOGISTICS

Koning Albert I-laan 244 ·8200 Brugge, Belgium· 15 yrs active
Conclusion Checked

A bankruptcy procedure is open for FUN LOGISTICS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €242k and a net result of €26k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €242k
Net result €26k
Staff (FTE) 20.2
Active 15 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability53Solvency62Growth38Stability0
31 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 53
Solvency 62
Growth 38
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 2 signals
KBO register: special legal situation
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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 20-07-2023 with the NBB · fiscal year 2022 · verkort
€-500k€0€500k€1.00M€1.50MRevenue 2020: €1.56M€1.56MOperating result 2020: €35k€35kNet result 2020: €158k€158kRevenue 2021: €1.44M€1.44MOperating result 2021: €34k€34kNet result 2021: €-9k€-9kOperating result 2022: €-12k€-12kNet result 2022: €26k€26k202020212022
RevenueOperating resultNet result
Revenue
€1.44M
-7.4% 20-22
Net profit
€26k
- 20-22
Total assets
€485k
-2.3% 20-22
Equity
€242k
+11.9% 20-22
Working capital
€-228k
- 20-22
Employees (FTE)
20
-12.2% 20-22
Staff costs
€791k
-15.3% 20-22
Income taxes
€-25k
- 20-22
Debt
€243k
-13.4% 20-22
Debt ≤ 1y
€243k
-13.4% 20-22
Current ratio
0.06
-96.6% 20-22
Quick ratio
0.06
-96.6% 20-22
Solvency
50.0%
+14.6% 20-22
Debt / equity
1.00
-22.6% 20-22
ROE
10.6%
- 20-22
ROA
5.3%
- 20-22
Net margin
-0.6%
- 20-22
Figures by fiscal year
Fiscal year2022
Revenue-
EBITDA-
Net profit€26k
Cash flow-
Staff costs€791k
Income taxes€-25k
Dividends-
Total assets€485k
Equity€242k
Debt€243k
of which ≤ 1y€243k
of which > 1y-
Working capital€-228k
Employees (FTE)20.2
Ratios (computed)
2022
Current ratio0.06
Quick ratio0.06
Working capital ratio-47.0%
Solvency50.0%
Debt / equity1.00
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA5.3%
ROE10.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€485k
Fixed assets 21/28€470k
Financial fixed assets 28€470k
Current assets 29/58€15k
Amounts receivable within one year 40/41€12k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€485k
Equity 10/15€242k
Contributions / capital 10/11€62k
Reserves 13€6k
Accumulated profits (losses) 14€175k
Amounts payable 17/49€243k
Amounts payable within one year 42/48€243k
Trade debts payable within one year 44€149k
Income statement
Gross operating margin 9900€784k
Operating result 9901€-12k
Financial income 75€13k
Financial charges 65€311
Result before taxes 9903€438
Income taxes 67/77€-25k
Net result for the period 9904€26k
Result to be appropriated 9905€26k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates2 persons
Role Name Tenure Source
Curator ASTRID LESCOUHIER
HAMILTONPARK 24-26, 8000 BRUGGE
 19-01-2026 → present Belgian State Gazette
Curator MARLIES DE BRABANDERE
HAMILTONPARK 24-26, 8000 BRUGGE-
 19-01-2026 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation27-06-2011
StatusActive
Postal code8200
First BS signal 23-01-2026
Latest BS signal 23-01-2026
Company structure, linked entities2 linked entities
FUN LOGISTICSBE 0837.350.025ASTRID LESCOUHIERReceiver ↔ 33VANDEWALLEMAENE L.G.R.M. INVESTMARLIES DE BRABANDEREReceiver
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units 2 locations
-
Koning Albert I-laan 244, 8200 BruggeZoeken, selecteren, verwijzen en plaatsen van personeel tbv latere werkgever of werkzoeker : formulering van taakomschrijvingen; op geschiktheid testen van sollicitanten; natrekken van referenties
since 20112.200.345.228
-
Kortrijksestraat 505, 8020 OostkampOpslag
since 20112.200.345.327
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31025E0013/00W000 Flanders 4.8 ha 1 · 1.8 ha -
31030A0675/04N000 Flanders 4,199 m² 1 · 1,545 m² -
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 22 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
23-01-2026
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · FUN LOGISTICS NV KONING ALBERT I-LAAN 244, 8200 BRUGGE · event 19-01-2026
2024
22-03-2024
State Gazette act Director changes
v3.2
23-01-2024
State Gazette act Director changes
v3.2
2023
20-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
14-12-2022
State Gazette act Director changes
v3.2
14-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
30-07-2021
State Gazette act Director changes
v3.2
07-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
03-08-2020
State Gazette act Director changes
v3.2
21-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
20-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
29-01-2019
State Gazette act Director changes
v3.2
2018
27-09-2018
State Gazette act Director changes
v3.2
03-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
20-09-2017
State Gazette act Director changes
v3.2
23-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
27-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
16-06-2016
State Gazette act Director changes
v3.2
2015
19-08-2015
State Gazette act Director changes
v3.2
24-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
11-09-2014
State Gazette act Director changes
v3.2
28-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals 1 events
23-01-2026
Bankruptcy Opening
Date: 19-01-2026 · Ondernemingsrechtbank Gent, afdeling Brugge · FUN LOGISTICS NV KONING ALBERT I-LAAN 244, 8200 BRUGGE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-01-23 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 11 acts
All acts · 11 updated 2 years ago
2024
22-03-2024 2 directors appointed, 1 resigning Director changes
  • Deloitte Bedrijfsrevisoren, Commissaris revisor
  • Mevrouw MITRUGNO Angélique, Permanent vertegenwoordiger commissaris revisor
  • BDO Bedrijfsrevisoren, Commissaris revisor
Summary: v3.2
Technical details 
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        "name": "Deloitte Bedrijfsrevisoren",
        "address": null,
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    {
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      "role": "permanent vertegenwoordiger commissaris-revisor",
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        "name": "Mevrouw MITRUGNO Ang\u00E9lique",
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23-01-2024 2 resigning Director changes
  • BV ALGREEN CONSULTING, Bestuurder
  • Délia Gentilini, Vaste vertegenwoordiger
Summary: v3.2
Technical details 
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    {
      "kind": "director_out",
      "role": "vaste vertegenwoordiger",
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        "rrn": null,
        "name": "D\u00E9lia Gentilini",
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2022
14-12-2022 4 directors appointed, 3 resigning Director changes
  • BV Blue Vision, Bestuurder
  • BV Algreen Consulting, Bestuurder
  • BV PARGECO, Bestuurder
  • BV Pargeco, Gedelegeerd bestuurder
  • BV Nielsator, Bestuurder
  • BV Valinco, Bestuurder
  • BV VALINCO, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV Nielsator",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV Valinco",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV Blue Vision",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV Algreen Consulting",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BV PARGECO",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_out",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "BV VALINCO",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "BV Pargeco",
        "address": null,
        "birth_date": null
      }
    }
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  "schema": "v3.2",
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}
2021
30-07-2021 2 directors appointed Director changes
  • BV BDO Bedrijfsrevisoren, Commissaris
  • Fank Félix, Vaste vertegenwoordiger commissaris
Summary: v3.2
Technical details 
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  "events": [
    {
      "kind": "director_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "BV BDO Bedrijfsrevisoren",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "vaste vertegenwoordiger commissaris",
      "person": {
        "rrn": null,
        "name": "Fank F\u00E9lix",
        "address": null,
        "birth_date": null
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    }
  ],
  "schema": "v3.2",
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  "subject_company": {
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}
2020
03-08-2020 1 director appointed, 1 resigning Director changes
  • Valinco Srl, Gedelegeerd bestuurder
  • Pargeco Srl, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "Pargeco Srl",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "Valinco Srl",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
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  },
  "subject_company": {
    "kbo": "0837.350.025",
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  }
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2019
29-01-2019 4 directors appointed, 3 resigning Director changes
  • PARGECO SPRL, Bestuurder
  • VALINCO SPRL, Bestuurder
  • NIELSATOR SPRL, Bestuurder
  • PARGECO SPRL, Gedelegeerde bestuurder
  • MITISKA NV, Bestuurder
  • ARLINI NV, Bestuurder
  • FUN BELGIUM, Gedelegeerde bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "MITISKA NV",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "ARLINI NV",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_out",
      "role": "gedelegeerde bestuurder",
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        "address": null,
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    },
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      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "PARGECO SPRL",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "VALINCO SPRL",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "NIELSATOR SPRL",
        "address": null,
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      "role": "gedelegeerde bestuurder",
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        "rrn": null,
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  "schema": "v3.2",
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2018
27-09-2018 Ernst & Young Assurance Services BV CVBA appointed as statutory auditor Director changes
  • Ernst & Young Assurance Services BV CVBA, Commissaris
Summary: v3.2
Technical details 
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        "rrn": null,
        "name": "Ernst \u0026 Young Assurance Services BV CVBA",
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  ],
  "schema": "v3.2",
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  "subject_company": {
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2017
20-09-2017 5 directors appointed Director changes
  • FUN BELGIUM, Bestuurder
  • MITISKA, Bestuurder
  • ARLINI, Bestuurder
  • FUN BELGIUM, Gedelegeerd bestuurder
  • FUN BELGIUM, Voorzitter van de raad van bestuur
Summary: v3.2
Technical details 
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      "role": "bestuurder",
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        "rrn": null,
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        "rrn": null,
        "name": "ARLINI",
        "address": null,
        "birth_date": null
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    },
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      "role": "Gedelegeerd Bestuurder",
      "person": {
        "rrn": null,
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        "address": null,
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    },
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      "kind": "director_in",
      "role": "Voorzitter van de Raad van Bestuur",
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        "name": "FUN BELGIUM",
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2016
16-06-2016 Antoine Mettens appointed as vast vertegenwoordiger bestuurder Director changes
  • Antoine Mettens, Vast vertegenwoordiger bestuurder
Summary: v3.2
Technical details 
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        "name": "Antoine Mettens",
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2015
19-08-2015 Ernst & Young Assurance Services BV CVBA appointed as statutory auditor Director changes
  • Ernst & Young Assurance Services BV CVBA, Commissaris
Summary: v3.2
Technical details 
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}
2014
11-09-2014 Ernst & Young, Lippens & Rabaey Audit BV CVBA appointed as statutory auditor Director changes
  • Ernst & Young, Lippens & Rabaey Audit BV CVBA, Commissaris
Summary: v3.2
Technical details 
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      "role": "commissaris",
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        "name": "Ernst \u0026 Young, Lippens \u0026 Rabaey Audit BV CVBA",
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL FUN LOGISTICS
Registered office
Koning Albert I-laan 244
8200 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative