FYD
Open bankruptcyA bankruptcy procedure is open for FYD according to publications in the Belgian State Gazette; curator: JOOST PEETERS.
Summary
The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show negative equity (€-8k) and a net result of €-261k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 14-04-2022, 73 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
73 d late
2020
3 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€-8k
2020 · €254k
2019: €225k
2020: €254k▲ +12.8% vs 2019highest in 3 years
2021: €-8k▼ -103% vs 2020lowest in 3 years
2019 → 2021
Total assets
€1.98M▲ 18.0%
2020 · €1.68M
2019: €1.53Mlowest in 3 years
2020: €1.68M▲ +9.9% vs 2019
2021: €1.98M▲ +18.0% vs 2020highest in 3 years
2019 → 2021
Net result
€-261k
2020 · €29k
2019: €54khighest in 3 years
2020: €29k▼ -47.3% vs 2019
2021: €-261k▼ -1009% vs 2020lowest in 3 years
2019 → 2021
Working capital
€247k▼ 61.7%
2020 · €645k
2019: €563k
2020: €645k▲ +14.5% vs 2019highest in 3 years
2021: €247k▼ -61.7% vs 2020lowest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€225k-€254k▲ 12.8%€-8k
2019: €225k
2020: €254k▲ +12.8% vs 2019highest in 3 years
2021: €-8k▼ -103% vs 2020lowest in 3 years
Operating result€78k-€82k▲ 4.3%€-150k
2019: €78k
2020: €82k▲ +4.3% vs 2019highest in 3 years
2021: €-150k▼ -283% vs 2020lowest in 3 years
Net result€54k-€29k▼ 47.3%€-261k
2019: €54khighest in 3 years
2020: €29k▼ -47.3% vs 2019
2021: €-261k▼ -1009% vs 2020lowest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €150k after €82k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.97M
Fixed assets
€82k ▼ 16.0%
Current assets
€1.89M ▲ 20.9%
Key figures and ratios
EBITDA
€-126k▼
2020 · €113k
Cash flow
€-237k▼
2020 · €60k
Solvency
-0.4%▼
2020 · 15.1%
Current ratio
1.15▼
2020 · 1.71
Quick ratio
0.98▼
2020 · 1.33
ROA
-13.2%▼
2020 · 1.7%
Interest coverage
-6.37
Debt
€1.99M▲
2020 · €1.42M
Debt ≤ 1 year
€1.64M▲
2020 · €914k
Debt > 1 year
€160k=
2020 · €160k
Staff costs
€307k
A ratio outside any meaningful range has been withheld (balance sheet total €1.98M, equity €-8k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.68M€1.98M▲
Formation expenses20€21k€12k▼
Fixed assets21/28€97k€82k▼
Tangible fixed assets22/27€86k€74k▼
Furniture and vehicles24-€61k
Other tangible fixed assets26-€13k
Financial fixed assets28€11k€8k▼
Current assets29/58€1.56M€1.89M▲
Stocks and contracts in progress3€340k€277k▼
Stocks30/36-€277k
Amounts receivable within one year40/41€692k€1.00M▲
Trade receivables40-€781k
Other amounts receivable41-€221k
Cash at bank and in hand54/58€7k€892▼
Deferred charges and accrued income490/1-€605k
Equity and liabilities
Total equity and liabilities10/49€1.68M€1.98M▲
Equity10/15€254k€-8k▼
Contributions10/11-€275k
Outside capital11-€275k
Other1109/19-€275k
Reserves13€126€126=
Tax-exempt reserves132-€126
Profit (loss) carried forward14€-22k€-283k▼
Amounts payable17/49€1.42M€1.99M▲
Amounts payable after more than one year17€160k€160k=
Financial debts170/4-€160k
Amounts payable within one year42/48€914k€1.64M▲
Financial debts43-€200k
Credit institutions430/8-€200k
Trade debts44€502k€793k▲
Suppliers440/4-€793k
Advances received on contracts in progress46-€211k
Taxes, remuneration and social security45-€329k
Taxes450/3-€181k
Remuneration and social security454/9-€148k
Other amounts payable47/48-€105k
Accrued charges and deferred income492/3-€188k
Income statement
Code20202021
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62-€307k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€24k▼
Other operating charges640/8-€19k
Gross operating margin9900€359k€199k▼
Operating profit (loss)9901€82k€-150k▼
Financial income75/76B-€962
Recurring financial income75€32€962▲
Financial charges65/66B-€112k
Recurring financial charges65€29k€20k▼
Non-recurring financial charges66B-€93k
Profit (loss) for the period before taxes9903€52k€-261k▼
Income taxes67/77€24k-
Profit (loss) for the period9904€29k€-261k▼
Profit (loss) for the period to be appropriated9905€29k€-261k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-283k
Profit (loss) brought forward from the previous period14P-€-22k
Social balance
Average headcount (FTE)9087-6.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | - | €307k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €31k | €24k | ▼ 23.2% |
| Other operating charges640/8 | - | - | €19k | - |
| Gross operating margin9900 | €260k | €359k | €199k | ▼ 44.5% |
| Operating profit (loss)9901 | €78k | €82k | €-150k | ▼ 283% |
| Financial income75/76B | - | - | €962 | - |
| Recurring financial income75 | €4k | €32 | €962 | ▲ 2,887% |
| Financial charges65/66B | - | - | €112k | - |
| Recurring financial charges65 | €16k | €29k | €20k | ▼ 32.6% |
| Non-recurring financial charges66B | - | - | €93k | - |
| Profit (loss) for the period before taxes9903 | €66k | €52k | €-261k | ▼ 599% |
| Income taxes67/77 | €11k | €24k | - | - |
| Profit (loss) for the period9904 | €54k | €29k | €-261k | ▼ 1,009% |
| Profit (loss) for the period to be appropriated9905 | €54k | €29k | €-261k | ▼ 1,009% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.53M | €1.68M | €1.98M | ▲ 18.0% |
| Formation expenses20 | €31k | €21k | €12k | ▼ 44.1% |
| Fixed assets21/28 | €97k | €97k | €82k | ▼ 16.0% |
| Tangible fixed assets22/27 | €86k | €86k | €74k | ▼ 14.5% |
| Furniture and vehicles24 | - | - | €61k | - |
| Other tangible fixed assets26 | - | - | €13k | - |
| Financial fixed assets28 | €11k | €11k | €8k | ▼ 27.0% |
| Current assets29/58 | €1.40M | €1.56M | €1.89M | ▲ 20.9% |
| Stocks and contracts in progress3 | €332k | €340k | €277k | ▼ 18.6% |
| Stocks30/36 | - | - | €277k | - |
| Amounts receivable within one year40/41 | €630k | €692k | €1.00M | ▲ 44.9% |
| Trade receivables40 | - | - | €781k | - |
| Other amounts receivable41 | - | - | €221k | - |
| Cash at bank and in hand54/58 | €12k | €7k | €892 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | - | - | €605k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.53M | €1.68M | €1.98M | ▲ 18.0% |
| Equity10/15 | €225k | €254k | €-8k | ▼ 103% |
| Contributions10/11 | €275k | - | €275k | - |
| Outside capital11 | - | - | €275k | - |
| Other1109/19 | - | - | €275k | - |
| Reserves13 | €126 | €126 | €126 | = |
| Tax-exempt reserves132 | - | - | €126 | - |
| Profit (loss) carried forward14 | €-50k | €-22k | €-283k | ▼ 1,211% |
| Amounts payable17/49 | €1.30M | €1.42M | €1.99M | ▲ 39.5% |
| Amounts payable after more than one year17 | €175k | €160k | €160k | = |
| Financial debts170/4 | - | - | €160k | - |
| Amounts payable within one year42/48 | €834k | €914k | €1.64M | ▲ 79.2% |
| Financial debts43 | - | - | €200k | - |
| Credit institutions430/8 | - | - | €200k | - |
| Trade debts44 | €418k | €502k | €793k | ▲ 57.9% |
| Suppliers440/4 | - | - | €793k | - |
| Advances received on contracts in progress46 | - | - | €211k | - |
| Taxes, remuneration and social security45 | - | - | €329k | - |
| Taxes450/3 | - | - | €181k | - |
| Remuneration and social security454/9 | - | - | €148k | - |
| Other amounts payable47/48 | - | - | €105k | - |
| Accrued charges and deferred income492/3 | - | - | €188k | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €29k | €-261k | ▼ 1,009% |
| + Depreciation and write-downs630 | €30k | €31k | €24k | ▼ 23.2% |
| Operating cash flow (approximation) | €84k | €60k | €-237k | ▼ 496% |
| Investment in fixed assets (approximation) | - | €-31k | €-8k | ▲ 73.1% |
| Change in cash | - | €-4k | €-7k | ▼ 48.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
30-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-05-2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 73 days late
2021
30-06
Financial
Weakest financial yearnet €-261k
Net result drops to €-261k, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-11
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · amicable agreement · event 20-11-2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 15 days late
2015
16-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 16 days late
2013
26-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2011
Ground area
1,620 m²
Building footprint
811 m²
Volume, LiDAR
10,954 m³
2 parcels, Flanders · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
108
companies at this address
See who is registered here
1 establishment unit
Vlaamsekaai 35-39, 2000 Antwerpen
since 20112.196.461.367
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3668/00M003 | Flanders | 1,172 m² | 1 · 372 m² | 19.3 m · 6 fl. |
| 11811L3958/00T000 | Flanders | 449 m² | 1 · 438 m² | 20.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOOST PEETERS HAANTJESLEI 69A,
2018 ANTWERPEN 1 |
24-05-2022 → present |
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Of 2,607 companies in sector 47551 we hold annual accounts for 1,716. 1,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-02-2011
Fiscal year end30-06
Activities, NACEBEL 2025
47551Retail sale of household furniture
46473Wholesale trade
47530Retail trade
47552Retail sale of lighting equipment
47553Retail trade
Scores and ratios are computed by Checked and are not a credit decision.