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Generated 13-08-2026
Active BE 0479.170.397Public limited companyOpen bankruptcy

FUN WEST

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 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.
Key figures
Equity €-1.37M
Net result €13k
Staff (FTE) 24.4
Better than sector 5%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency33Growth55Stability0
18 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 33
Growth 55
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 Flags 0 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from 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
€-2.00M€-1.00M€0€1.00MRevenue 2018: €965k€965kOperating result 2018: €-217k€-217kNet result 2018: €-949k€-949kRevenue 2019: €928k€928kOperating result 2019: €-279k€-279kNet result 2019: €-1.23M€-1.23MRevenue 2020: €708k€708kOperating result 2020: €-234k€-234kNet result 2020: €-1.48M€-1.48MRevenue 2021: €1.12M€1.12MOperating result 2021: €43k€43kNet result 2021: €24k€24kOperating result 2022: €43k€43kNet result 2022: €13k€13k20182019202020212022
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 -7238.2% 23.6%
better than 5% of 904 sector peers
Net result €13k €26k
better than 42% of 905 sector peers
Equity €-1.37M €147k
better than 5% of 905 sector peers
Gross operating margin €1.03M €198k
better than 92% of 903 sector peers
Staff costs €987k €138k
higher than 95% of 695 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€1.12M
+58.1% 18-22
Net profit
€13k
-43.1% 18-22
Total assets
€19k
+1452.6% 18-22
Equity
€-1.37M
+1.0% 18-22
Working capital
€-361k
+74.0% 18-22
Employees (FTE)
24
-2.4% 18-22
Staff costs
€987k
+4.9% 18-22
Income taxes
€775
+4.7% 18-22
Debt
€1.39M
+0.3% 18-22
Debt ≤ 1y
€380k
-72.6% 18-22
Debt > 1y
€1.01M
- 18-22
Current ratio
0.05
+5568.3% 18-22
Quick ratio
0.05
+5568.3% 18-22
Solvency
-7238.2%
+93.6% 18-22
Debt / equity
-1.01
-1.3% 18-22
ROE
-1.0%
+42.6% 18-22
ROA
70.6%
-96.3% 18-22
Net margin
2.1%
- 18-22
Figures by fiscal year
Fiscal year2022
Depositverkort
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 ratio0.05
Quick ratio0.05
Working capital ratio-1903.7%
Solvency-7238.2%
Debt / equity-1.01
Long-term debt ratio-0.74
Interest coverage-
Gross margin-
Net margin-
ROA70.6%
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 Code2022
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.
Directors & mandates 5 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (22147615). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • BV Algreen ConsultingLegal entity
    Director· perm. rep.: Délia Gentilini
    State Gazette act 22147615 (14-12-2022)
    Current
    30-09-2022 → present
  • BV Blue VisionLegal entity
    Director· perm. rep.: Nicolas Marchand
    State Gazette act 22147615 (14-12-2022)
    Current
    30-09-2022 → present
  • BV PargecoLegal entity
    Managing director· perm. rep.: Thomas Marchandise
    State Gazette act 22147615 (14-12-2022)
    Current
    30-09-2022 → present
Former directors (2)
  • BV NielsatorLegal entity
    Director· perm. rep.: Antoine Mettens
    State Gazette act 22147615 (14-12-2022)
    Former
    - → 30-09-2022
  • BV ValincoLegal entity
    Director· perm. rep.: Thierry Quertinmont
    State Gazette act 22147615 (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 5 locations
Fun West
Brugstraat 42, 9500 Geraardsbergenzoeken,selecteren,verwijzen en plaatsen van personeel ten behoeve van latere werkgever of werkzoeker: formulering van taakomschrijvingen;op geschiktheid testen van sollicitanten; natrekken van referen
since 20062.151.070.317
Fun West
Rijselsepoort 33, 8900 Ieperzoeken,selecteren,verwijzen en plaatsen van personeel ten behoeve van latere werkgever of werkzoeker: formulering van taakomschrijvingen;op geschiktheid testen van sollicitanten; natrekken van referen
since 20062.151.070.515
Fun West
Kortrijksesteenweg 1178, 9051 Gentzoeken,selecteren,verwijzen en plaatsen van personeel ten behoeve van latere werkgever of werkzoeker: formulering van taakomschrijvingen;op geschiktheid testen van sollicitanten; natrekken van referen
since 20062.151.070.812
Fun West
Brugsesteenweg 353, 8800 Roeselarezoeken,selecteren,verwijzen en plaatsen van personeel ten behoeve van latere werkgever of werkzoeker: formulering van taakomschrijvingen;op geschiktheid testen van sollicitanten; natrekken van referen
since 20062.151.071.109
FUN OUDENAARDE
Kraneveld 0, 9700 OudenaardeDetailhandel in spellen en speelgoed in gespecialiseerde winkels
since 20102.187.431.756
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 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
ProtectedMonumentMolenaarswoning gedateerd 1689: gevels en dakenSource ↗
 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).
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 WEST 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
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
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
24-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
28-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals 1 events
21-02-2024
Bankruptcy Opening
Date: 16-02-2024 · Ondernemingsrechtbank Gent, afdeling Brugge · FUN WEST 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
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
14-12-2022 3 directors appointed, 3 resigning, 1 reappointed Director changes
  • Nicolas Marchand, Bestuurder
  • Délia Gentilini, Bestuurder
  • Thomas Marchandise, Gedelegeerd bestuurder
  • Antoine Mettens, Bestuurder
  • Thierry Quertinmont, Bestuurder
  • Thierry Quertinmont, Gedelegeerd bestuurder
  • Thomas Marchandise, Bestuurder
Technical details 
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "om alle handelingen te stellen die noodzakelijk of nuttig zijn voor de vervulling van de formaliteiten (met inbegrip van, maar niet beperkt tot) het opstellen en ondertekenen van alle nodige documenten en formulieren met het oog op (i) de neerlegging van deze besluiten ter griffie van de bevoegde on",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "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": "0479.170.397",
    "name_full": "FUN WEST",
    "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

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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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Detailhandel in spellen en speelgoed47640Detailhandel in spellen en speelgoed in gespecialiseerde winkels47650Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Handelsbemiddeling gespecialiseerd in andere goederen46180Handelsbemiddeling in de groothandel in andere specifieke goederen46180Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Arbeidsbemiddeling78100Arbeidsbemiddeling78100
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.
Similar companies Comparable size · 196 of 2,081 companies in this sector with filed accounts
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FITNESS ZONE BE 0765.586.950 · Etterbeek
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THE HUB GAME LOUNGE BE 0791.867.913 · Leuven
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative