Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for FUN WEST according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-1.37M) and a net result of €13k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events21-02-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsKBO 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
No administrative flags
Financials
Turnover€1.12M+58.1%
EBIT margin3.8%+36.9pp
Net result€13k-43.1%
Working capital€-361k+74.0%
Directors3
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 24-07-2023 with the NBB · fiscal year 2022 · verkort
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 | -7238.2% | 23.6% | |
| Net result | €13k | €26k | |
| Equity | €-1.37M | €147k | |
| Gross operating margin | €1.03M | €198k | |
| Staff costs | €987k | €138k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Stable position over 2020-2022
· n=536-904
P42
Improving position over 2020-2022
· n=536-905
P5
Stable position over 2020-2022
· n=536-905
P95
Stable position over 2020-2022
· n=409-662
Describes the position versus peers, not a forecast.
€1.12M
+58.1%
18-22
€13k
-43.1%
-10% vs sector
€19k
+1452.6%
-98% vs sector
€-1.37M
+1.0%
far below sector median
€-361k
+74.0%
far below sector median
24
-2.4%
far above sector median
€987k
+4.9%
far above sector median
€775
+4.7%
+106% vs sector
€1.39M
+0.3%
+225% vs sector
€380k
-72.6%
+51% vs sector
€1.01M
-
far above sector median
0.05
+5568.3%
-98% vs sector
0.05
+5568.3%
-87% vs sector
-7238.2%
+93.6%
far below sector median
-1.01
-1.3%
far below sector median
-1.0%
+42.6%
far below sector median
70.6%
-96.3%
far above sector median
2.1%
-
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €13k |
| Cash flow | - |
| Staff costs | €987k |
| Income taxes | €775 |
| Dividends | - |
| Total assets | €19k |
| Equity | €-1.37M |
| Debt | €1.39M |
| of which ≤ 1y | €380k |
| of which > 1y | €1.01M |
| Working capital | €-361k |
| Employees (FTE) | 24.4 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 0.05 |
| Quick ratio | 0.05 |
| Working capital ratio | -1903.7% |
| Solvency | -7238.2% |
| Debt / equity | -1.01 |
| Long-term debt ratio | -0.74 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 70.6% |
| ROE | -1.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €19k |
| Current assets | 29/58 | €19k |
| Amounts receivable within one year | 40/41 | €17k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €19k |
| Equity | 10/15 | €-1.37M |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €-1.44M |
| Amounts payable | 17/49 | €1.39M |
| Amounts payable after one year | 17 | €1.01M |
| Amounts payable within one year | 42/48 | €380k |
| Trade debts payable within one year | 44 | €20k |
| Income statement | ||
| Gross operating margin | 9900 | €1.03M |
| Operating result | 9901 | €43k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €31k |
| Result before taxes | 9903 | €14k |
| Income taxes | 67/77 | €775 |
| Net result for the period | 9904 | €13k |
| Result to be appropriated | 9905 | €13k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Insolvency mandates
3 mandates| 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) |
| Incorporation | 24-12-2002 |
| Status | Active |
| Postal code | 8200 |
| First BS signal | 21-02-2024 |
| Latest BS signal | 21-02-2024 |
Structure & network
Company structure: linked entities
3 linked entitiesMandates
↔
2
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
5 locationsFun West
since 20062.151.070.317
Fun West
since 20062.151.070.515
Fun West
since 20062.151.070.812
Fun West
since 20062.151.071.109
FUN OUDENAARDE
since 20102.187.431.756
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels6
Ground area3.1 ha
Buildings6
Building footprint8,651 m²
Volume (LiDAR)22,494 m³
Tallest building10.3 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0902/00R000 | Flanders | 1.5 ha | 1 · 825 m² | - |
| 44062B0009/00C003 | Flanders | 5,214 m² | 1 · 2,566 m² | - |
| 41018B0159/00N000 | Flanders | 4,739 m² | 1 · 2,548 m² | 10.1 m · 2 fl. |
| 31030A0675/04N000 | Flanders | 4,199 m² | 1 · 1,545 m² | - |
| 33011D0182/00N000 | Flanders | 1,272 m² | 1 · 1,082 m² | 6.3 m · 2 fl. |
| 45502A0463/00C000indicative | Flanders | 414 m² | 1 · 86 m² | 10.3 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 5
5 of 6 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).
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette21-02-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 3 years ago
2022
14-12-2022 3 directors appointed, 3 resigning, 1 reappointed
- Nicolas Marchand, Bestuurder
- Délia Gentilini, Bestuurder
- Thomas Marchandise, Gedelegeerd bestuurder
- Antoine Mettens, Bestuurder
- Thierry Quertinmont, Bestuurder
- Thierry Quertinmont, Gedelegeerd bestuurder
- Thomas Marchandise, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes18
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
0
Solvency
33
Growth
55
Stability
0
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Credit advice
verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameNL | FUN WEST |
Registered office
Koning Albert I-laan 244
8200 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.