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Complete company report
Generated 20-08-2026
Active BE 0479.170.496Public limited companyOpen bankruptcy

FUN NOORD

Koning Albert I-laan 244 ·8200 Brugge, Belgium· 23 yrs active
Sector: Detailhandel in spellen en speelgoed (47640)
Conclusion Checked

A bankruptcy procedure is open for FUN NOORD according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-2.75M) and a net result of €-273k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-2.75M
Net result €-273k
Staff (FTE) 23.4
Better than sector 5%
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability50Solvency33Growth51Stability0
27 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 50
Solvency 33
Growth 51
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 riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
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.
Health barometer FY 2022 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 24-07-2023 with the NBB · fiscal year 2022 · verkort
€-3.00M€-2.00M€-1.00M€0€1.00MRevenue 2018: €809k€809kOperating result 2018: €-252k€-252kNet result 2018: €-1.75M€-1.75MRevenue 2019: €756k€756kOperating result 2019: €-320k€-320kNet result 2019: €-2.08M€-2.08MRevenue 2020: €586k€586kOperating result 2020: €-270k€-270kNet result 2020: €-2.37M€-2.37MRevenue 2021: €837k€837kOperating result 2021: €-143k€-143kNet result 2021: €-174k€-174kOperating result 2022: €-219k€-219kNet result 2022: €-273k€-273k20182019202020212022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -110099.0% 23.5%
better than 5% of 919 sector peers
Net result €-273k €26k
better than 5% of 920 sector peers
Equity €-2.75M €147k
better than 5% of 920 sector peers
Gross operating margin €760k €196k
better than 89% of 918 sector peers
Staff costs €976k €137k
higher than 95% of 708 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€837k
+42.8% 18-22
Net profit
€-273k
-56.5% 18-22
Total assets
€2k
-87.6% 18-22
Equity
€-2.75M
-11.0% 18-22
Working capital
€-448k
+81.9% 18-22
Employees (FTE)
23
-1.3% 18-22
Staff costs
€976k
+5.3% 18-22
Income taxes
€725
+17.5% 18-22
Show 10 other metrics
Debt
€2.75M
+10.2% 18-22
Debt ≤ 1y
€450k
-82.0% 18-22
Debt > 1y
€2.30M
- 18-22
Current ratio
0.01
-31.4% 18-22
Quick ratio
0.01
-31.4% 18-22
Solvency
-110099.0%
-797.4% 18-22
Debt / equity
-1.00
+0.7% 18-22
ROE
9.9%
+41.0% 18-22
ROA
-10917.3%
-1165.1% 18-22
Net margin
-20.8%
+94.9% 18-22
Figures by fiscal year
Fiscal year2022
Depositverkort
Revenue-
EBITDA-
Net profit€-273k
Cash flow-
Staff costs€976k
Income taxes€725
Dividends-
Total assets€2k
Equity€-2.75M
Debt€2.75M
of which ≤ 1y€450k
of which > 1y€2.30M
Working capital€-448k
Employees (FTE)23.4
Ratios (computed)
2022
Current ratio0.01
Quick ratio0.01
Working capital ratio-17933.2%
Solvency-110099.0%
Debt / equity-1.00
Long-term debt ratio-0.84
Interest coverage-
Gross margin-
Net margin-
ROA-10917.3%
ROE9.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€2k
Current assets 29/58€2k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2k
Equity 10/15€-2.75M
Contributions / capital 10/11€62k
Reserves 13€6k
Accumulated profits (losses) 14€-2.82M
Amounts payable 17/49€2.75M
Amounts payable after one year 17€2.30M
Amounts payable within one year 42/48€450k
Trade debts payable within one year 44€59k
Income statement
Gross operating margin 9900€760k
Operating result 9901€-219k
Financial income 75€330
Financial charges 65€53k
Result before taxes 9903€-272k
Income taxes 67/77€725
Net result for the period 9904€-273k
Result to be appropriated 9905€-273k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (22147621). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • BV Algreer ConsultingLegal entity
    Director· perm. rep.: Délia Gentilini
    State Gazette act 22147621 (14-12-2022)
    Current
    30-09-2022 → present
  • BV Blue VisionLegal entity
    Director· perm. rep.: Nicolas Marchand
    State Gazette act 22147621 (14-12-2022)
    Current
    30-09-2022 → present
  • BV PargecoLegal entity
    Managing director· perm. rep.: Thomas Marchandise
    State Gazette act 22147621 (14-12-2022)
    Current
    30-09-2022 → present
Former directors (2)
  • BV NielsatorLegal entity
    Director· perm. rep.: Antoine Mettens
    State Gazette act 22147621 (14-12-2022)
    Former
    - → 30-09-2022
  • BV ValincoLegal entity
    Director· perm. rep.: Thierry Quertinmont
    State Gazette act 22147621 (14-12-2022)
    Former
    - → 30-09-2022
    2 events
    • 30-09-2022 Resigned· Director
    • 30-09-2022 Resigned· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates3 persons
Role Name Tenure Source
Curator RIK CRIVITS
EZELSTRAAT 25, 8000 BRUGGE-
 16-02-2024 → present Belgian State Gazette
Curator ASTRID LESCOUHIER
EZEL- STRAAT 25, 8000 BRUGGE
 16-02-2024 → present Belgian State Gazette
Curator JENS VREBOS
EZELSTRAAT 25, 8000 BRUGGE-
 16-02-2024 → present Belgian State Gazette
Legal Structure
NACE primary Detailhandel in spellen en speelgoed(47640)
Legal form Public limited company(014)
Incorporation24-12-2002
StatusActive
Postal code8200
First BS signal 21-02-2024
Latest BS signal 21-02-2024
Establishment units 6 locations
Fun Noord
Engelstraat 7, 8211 ZedelgemKleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed, enz.
since 20062.151.039.336
Fun Noord
Manitobalaan 43, 8200 BruggeKleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed, enz.
since 20062.151.039.534
Fun Noord
Industrielaan 1, 8820 TorhoutKleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed, enz.
since 20062.151.040.227
Fun Noord
Torhoutsesteenweg 676-678, 8400 OostendeKleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed, enz.
since 20062.151.040.425
FUN (Westpark Veurne)
Monnikshoekstraat 6, 8630 VeurneKleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed, enz.
since 20222.334.992.710
Fun Noord
Kortrijksesteenweg 1178, 9051 GentKleinhandel in grote verscheidenheid van goederen waarbij voedings- en genotmiddelen niet overheersen, zoals kleding, meubelen, apparaten, ijzerwaren, cosmetica, sieraden, speelgoed, enz.
since 20232.346.429.505
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 7 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38025C0078/00M000 Flanders 2.4 ha 1 · 5,365 m² 4.5 m
35020A0323/00S002 Flanders 5,896 m² 1 · 2,897 m² -
44062B0009/00C003 Flanders 5,214 m² 1 · 2,566 m² -
31030A0675/04N000 Flanders 4,199 m² 1 · 1,545 m² -
31522B0577/00C003 Flanders 1,270 m² 1 · 855 m² 13.0 m · 3 fl.
31001B1374/00S000
ProtectedMonumentBrouwerij De LeeuwSource ↗
 Flanders 990 m² 1 · 289 m² 17.9 m · 3 fl.
31027D0524/00A003 Flanders 64 m² 1 · 625 m² 11.0 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 12 events

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

2024
21-02-2024
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · FUN NOORD NV KONING ALBERT I-LAAN 244, 8200 BRUGGE · event 16-02-2024
2023
24-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
14-12-2022
State Gazette act Director changes
14-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
07-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
29-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
20-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
03-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
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
2015
28-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
28-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals1 events
21-02-2024
Bankruptcy Opening
Date: 16-02-2024 · Ondernemingsrechtbank Gent, afdeling Brugge · FUN NOORD NV KONING ALBERT I-LAAN 244, 8200 BRUGGE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-02-21 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 12 acts read

We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
14-12-2022 6 directors appointed, 3 resigning, 1 reappointed Director changes
  • Nicolas Marchand, Bestuurder
  • Délia Gentilini, Bestuurder
  • Thomas Marchandise, Gedelegeerd bestuurder
  • Dries Bertrem, Dagelijks bestuur
  • BV Lievens Accountancy Services, Dagelijks bestuur
  • BV Lievens Accountancy Services, Dagelijks bestuur
  • Antoine Mettens, Bestuurder
  • Thierry Quertinmont, Bestuurder
Technical details 
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      "via_org": {
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        "name": "BV PARGECO",
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      "statutory": null,
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      "effective_date": "2022-09-30",
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      "decharge_status": null,
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-12-05",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-11-15",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0479.170.496",
    "name_full": "FUN NOORD",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0449.630.533",
    "org_name": "BV Lievens Accountancy Services",
    "person_name": null,
    "org_rep_person_name": "Dries Bertrem",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Detailhandel in spellen en speelgoed47640Detailhandel in spellen en speelgoed in gespecialiseerde winkels47650Handelsbemiddeling in de groothandel in andere specifieke goederen46180
Primary activity highlighted.
Names & trade names
Legal nameNL FUN NOORD
Registered office
Koning Albert I-laan 244
8200 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative