F & G DEVELOPMENT
ActiveSummary
The latest annual accounts of F & G DEVELOPMENT were filed more than 90 days after the deadline. The 2020 annual accounts show negative equity (€-17k) and a net result of €-7k. Equity is shrinking by ~102.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 2135 sector peers (fiscal year 2020). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2020Solvency, return and age of the figures
Solvency
-94.7%
Return on assets
-40.6%
Age of the figures
69 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-12-2021, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
153 d late
2019
125 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-17k▼ 75.1%
2019 · €-10k
2018: €3khighest in 3 years
2019: €-10k▼ -441% vs 2018
2020: €-17k▼ -75.1% vs 2019lowest in 3 years
2018 → 2020
Total assets
€18k▼ 53.5%
2019 · €39k
2018: €53khighest in 3 years
2019: €39k▼ -24.9% vs 2018
2020: €18k▼ -53.5% vs 2019lowest in 3 years
2018 → 2020
Net result
€-7k▲ 17.0%
2019 · €-9k
2018: €14khighest in 3 years
2019: €-9k▼ -164% vs 2018lowest in 3 years
2020: €-7k▲ +17.0% vs 2019
2018 → 2020
Working capital
€6k
2019 · €-2k
2018: €4k
2019: €-2k▼ -168% vs 2018lowest in 3 years
2020: €6k▲ +361% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€3k-€-10k€-17k▼ 75.1%
2018: €3khighest in 3 years
2019: €-10k▼ -441% vs 2018
2020: €-17k▼ -75.1% vs 2019lowest in 3 years
Operating result€17k-€-8k€-19k▼ 141%
2018: €17khighest in 3 years
2019: €-8k▼ -147% vs 2018
2020: €-19k▼ -141% vs 2019lowest in 3 years
Net result€14k-€-9k€-7k▲ 17.0%
2018: €14khighest in 3 years
2019: €-9k▼ -164% vs 2018lowest in 3 years
2020: €-7k▲ +17.0% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2020 against €8k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €18k
Fixed assets
€749 ▼ 96.4%
Current assets
€18k ▼ 6.0%
Key figures and ratios
EBITDA
€-18k▼
2019 · €3k
Cash flow
€-7k▼
2019 · €1k
Solvency
-94.7%▼
2019 · -25.2%
Current ratio
1.54▲
2019 · 0.89
Debt to equity
-0.38▲
2019 · -1.55
ROA
-40.6%▼
2019 · -22.8%
Debt
€36k▼
2019 · €49k
Debt ≤ 1 year
€11k▼
2019 · €21k
Debt > 1 year
€7k▼
2019 · €15k
Income taxes
€219▼
2019 · €311
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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€39k€18k▼
Fixed assets21/28€21k€749▼
Tangible fixed assets22/27€21k€749▼
Current assets29/58€19k€18k▼
Amounts receivable within one year40/41€6k€12k▲
Cash at bank and in hand54/58€11k€3k▼
Equity and liabilities
Total equity and liabilities10/49€39k€18k▼
Equity10/15€-10k€-17k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Profit (loss) carried forward14€-18k€-25k▼
Amounts payable17/49€49k€36k▼
Amounts payable after more than one year17€15k€7k▼
Amounts payable within one year42/48€21k€11k▼
Trade debts44€3k€116▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€342▼
Gross operating margin9900€26k€-2k▼
Operating profit (loss)9901€-8k€-19k▼
Recurring financial income75€0-
Recurring financial charges65€917€1k▲
Profit (loss) for the period before taxes9903€-9k€-7k▲
Income taxes67/77€311€219▼
Profit (loss) for the period9904€-9k€-7k▲
Profit (loss) for the period to be appropriated9905€-9k€-7k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €342 | ▼ 96.7% |
| Gross operating margin9900 | €34k | €26k | €-2k | ▼ 107% |
| Operating profit (loss)9901 | €17k | €-8k | €-19k | ▼ 141% |
| Recurring financial income75 | - | €0 | - | - |
| Recurring financial charges65 | €907 | €917 | €1k | ▲ 28.0% |
| Profit (loss) for the period before taxes9903 | €16k | €-9k | €-7k | ▲ 16.5% |
| Income taxes67/77 | €2k | €311 | €219 | ▼ 29.7% |
| Profit (loss) for the period9904 | €14k | €-9k | €-7k | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-9k | €-7k | ▲ 17.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53k | €39k | €18k | ▼ 53.5% |
| Fixed assets21/28 | €31k | €21k | €749 | ▼ 96.4% |
| Tangible fixed assets22/27 | €31k | €21k | €749 | ▼ 96.4% |
| Current assets29/58 | €21k | €19k | €18k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €9k | €6k | €12k | ▲ 126% |
| Cash at bank and in hand54/58 | €6k | €11k | €3k | ▼ 69.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53k | €39k | €18k | ▼ 53.5% |
| Equity10/15 | €3k | €-10k | €-17k | ▼ 75.1% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-5k | €-18k | €-25k | ▼ 41.5% |
| Amounts payable17/49 | €50k | €49k | €36k | ▼ 27.6% |
| Amounts payable after more than one year17 | €24k | €15k | €7k | ▼ 57.4% |
| Amounts payable within one year42/48 | €18k | €21k | €11k | ▼ 45.9% |
| Trade debts44 | €707 | €3k | €116 | ▼ 95.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-9k | €-7k | ▲ 17.0% |
| + Depreciation and write-downs630 | €10k | €10k | €342 | ▼ 96.7% |
| Operating cash flow (approximation) | €24k | €1k | €-7k | ▼ 611% |
| Investment in fixed assets (approximation) | - | €0 | €20k | - |
| Change in cash | - | €5k | €-8k | ▼ 254% |
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
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 125 days late
2019
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 112 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 38 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 31 days late
2010
31-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 31 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 201 days late
2008
13-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 13 days late
2007
31-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kortenberg · 1 establishment unit since 2005
Ground area
706 m²
Building footprint
127 m²
Volume, LiDAR
932 m³
Parcel 24026D0148/00H000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
F&G DEVELOPMENT
since 20052.150.659.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24026D0148/00H000 | Flanders | 706 m² | 1 · 127 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ISODYN
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SPORTS & PERFORMANCE
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Of 1,519 companies in sector 93130 we hold annual accounts for 687. 234 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 (pre-2019)
Founded04-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
85510Sports and recreation education
93121Football clubs
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.