F & Y Technics
Open bankruptcyA bankruptcy procedure is open for F & Y Technics according to publications in the Belgian State Gazette; curator: STEFANIE HENS. The 2023 annual accounts show equity of €93k and a net result of €21k.
Signals
Four 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 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
68 d late
2022
66 d late
2021
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€93k▲ 28.7%
2022 · €72k
2021: €24k
2022: €72k
2021 → 2023
Total assets
€215k▲ 51.5%
2022 · €142k
2021: €64k
2022: €142k
2021 → 2023
Net result
€21k▼ 57.2%
2022 · €49k
2021: €20k
2022: €49k
2021 → 2023
Working capital
€94k▲ 74.1%
2022 · €54k
2021: €18k
2022: €54k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€24k-€72k▲ 205%€93k▲ 28.7%
Operating result€29k-€69k▲ 140%€29k▼ 58.4%
Net result€20k-€49k▲ 146%€21k▼ 57.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 58% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €215k
Fixed assets
€30k▲ 60.7%
Current assets
€184k▲ 50.1%
Equity and liabilities €215k
Equity
€93k▲ 28.7%
Debt
€121k▲ 75.4%
The debt ratio rises from 48.8% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▼
2022 · €72k
Cash flow
€27k▼
2022 · €51k
Solvency
43.5%▼
2022 · 51.2%
Current ratio
2.04▲
2022 · 1.78
Quick ratio
2.04▲
2022 · 1.78
Debt / equity
1.30▲
2022 · 0.95
ROE
22.3%▼
2022 · 67.2%
ROA
9.7%▼
2022 · 34.4%
Interest coverage
17.60▼
2022 · 46.93
Debt
€121k▲
2022 · €69k
Debt ≤ 1 year
€90k▲
2022 · €69k
Debt > 1 year
€31k
Income taxes
€9k▼
2022 · €20k
Staff costs
€24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€142k€215k▲
Fixed assets21/28€19k€30k▲
Tangible fixed assets22/27€19k€30k▲
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24-€16k
Leasing and similar rights25€4k€3k▼
Current assets29/58€123k€184k▲
Amounts receivable within one year40/41€118k€168k▲
Trade receivables40€95k€65k▼
Other amounts receivable41€23k€103k▲
Cash at bank and in hand54/58€2k€21▼
Deferred charges and accrued income490/1€2k€16k▲
Equity and liabilities
Total equity and liabilities10/49€142k€215k▲
Equity10/15€72k€93k▲
Contributions10/11€4k€4k=
Reserves13€68k€89k▲
Distributable reserves133€68k€89k▲
Amounts payable17/49€69k€121k▲
Amounts payable after more than one year17-€31k
Financial debts170/4-€31k
Amounts payable within one year42/48€69k€90k▲
Current portion of amounts payable after more than one year42€25k€18k▼
Trade debts44€29k€65k▲
Suppliers440/4€29k€65k▲
Taxes, remuneration and social security45€15k€8k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€6k-
Accrued charges and deferred income492/3€310-
Income statement
Code20222023
Non-recurring operating income76A-€31k
Remuneration, social security and pensions62-€24k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€5k€10k▲
Gross operating margin9900€77k€69k▼
Operating profit (loss)9901€69k€29k▼
Financial income75/76B€749€3k▲
Recurring financial income75€749€3k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€68k€30k▼
Income taxes67/77€20k€9k▼
Profit (loss) for the period9904€49k€21k▼
Profit (loss) for the period to be appropriated9905€49k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€21k▼
Transfer to equity691/2€49k€21k▼
To other reserves6921€49k€21k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · F & Y TECHNICS BV PIEREN- BERGSTRAAT 72/1, 2020 ANTWERPEN 2 · event 12-02-2026
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Highest result since 2021net €49k ▲146%
Operating result €69k, net result €49k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pierenbergstraat 722020 AntwerpenGround area
366 m²
Building footprint
367 m²
Volume, LiDAR
2,783 m³
2 parcels, Flanders · tallest building 16.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
F & Y Technics
since 20202.309.931.868
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2461/00A002 | Flanders | 193 m² | 1 · 95 m² | 7.4 m · 2 fl. |
| 11809I2450/00M006 | Flanders | 173 m² | 1 · 273 m² | 16.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEFANIE HENS CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
12-02-2026 → present |
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,827 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477666884