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FERNEL-DIS

Inactive
KBO/BCE: BE 0477.977.792

Absorbed by VDF in June 2022. The last annual accounts are for financial year 2021. The company was dissolved without liquidation.

FERNEL-DISInactive

Overview

Overview

Official details

Source: KBO
Status
Absorbed by VDF merger by absorption, June 2022
Activity
“Toutes opérations se rapportant directement ou indirectement à l'exploitation d'un grand magasin de distribution…” (deed in French)From the articles, 5 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Shareholders
  • FERNEL-DIS· score 892021 annual accounts of FERNEL-DIS

Financial position

No score
Annual accounts 2021
Gross margin
€1.7m
▼ 4.4%
Turnover
≈ €2.9m
estimated
Profit
€302,598
▼ 24.5%
Equity
€2.2m
▲ 16.2%
Total assets
€4.7m
▼ 2.2%
Employees on 31-12-2021
27

Financials

Financials · financial year 2021, full format

2021 annual accounts filed 78 days after the deadline Filed on 17 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20467465.

Annual accounts 2021 filed on 17-10-2022 PDF all 19 filings

Turnover
≈ €2.9m
Estimated: probably between €1.9m and €4.7m
EBIT margin
Not included in this filing
Net result
€302,598▼ 24.5%
2020 · €400,916
Working capital
€298,719
2020 · -€71,996
Multi-year overview
2018 to 2021, 4 financial years
Operating result
€458,367
▼ 31.3% 2021
20182021
Net result
€302,598
▼ 24.5% 2021
20182021
Equity
€2.2m
▲ 16.2% 2021
20182021
Total assets
€4.7m
▼ 2.2% 2021
20182021
Debt
€2.5m
▼ 14.0% 2021
20182021
Working capital
€298,719
2021
20182021
Staff (FTE)
24.5
▲ 14.5% 2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result€0.3m-€0.2m▼ 33.7%€0.7m▲ 217%€0.5m▼ 31.3%
Net result€0.2m-€0.1m▼ 43.0%€0.4m▲ 264%€0.3m▼ 24.5%
Equity€1.4m-€1.5m▲ 6.5%€1.9m▲ 27.3%€2.2m▲ 16.2%
Total assets€4.6m-€4.2m▼ 7.7%€4.8m▲ 14.0%€4.7m▼ 2.2%
Debt€3.2m-€2.7m▼ 13.9%€2.9m▲ 6.8%€2.5m▼ 14.0%
Working capital-€0.8m--€0.7m▲ 7.2%-€0.07m▲ 89.9%€0.3m
Staff (FTE)19.1-20.1▲ 5.2%21.4▲ 6.5%24.5▲ 14.5%

The operating result for 2021 is 31% lower than in 2020.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.7m
Fixed assets €2.3m ▼ 12.7%
Current assets €2.4m ▲ 10.7%
Equity and liabilities €4.7m
Equity €2.2m ▲ 16.2%
Debt €2.5m ▼ 14.0%
Debt's share of the balance-sheet total falls from 61.0% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
EBITDA
€833,245▼
2020 · €1.0m
Cash flow
€677,475▼
2020 · €770,685
Current ratio
1.14▲
2020 · 0.97
Quick ratio
0.99▲
2020 · 0.85
Debt to equity
1.16▲
2020 · 0.26
ROE
13.9%▼
2020 · 21.4%
ROA
6.5%▼
2020 · 8.4%
Interest coverage
17.96
Debt ≤ 1 year
€2.1m▼
2020 · €2.2m
Debt > 1 year
€244,412▼
2020 · €488,679
Income taxes
€111,336▼
2020 · €217,795
Staff costs
€805,996
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2021
Employees at the balance-sheet date27
full-time16
part-time11
in full-time equivalents24.7
Average over the year, in full-time equivalents24.5
On a permanent contract16
Joined9
Left9
Training hours60

Source: social balance sheet in the 2021 annual accounts

Securities and guarantees

on own assets and for others
Item2021
Debts secured on the company's own assets€512,593
Pledge on other assets, amount secured€100,000
Carrying value of the other pledged assets€799,258

Source: notes to the 2021 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item2021
Tangible fixed assets€39,509
Depreciation and write-downs of the year€374,878

Source: notes to the 2021 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 51 lines
Balance sheet Code20202021
Assets
Total assets20/58€4.8m€4.7m▼
Fixed assets21/28€2.6m€2.3m▼
Tangible fixed assets22/27€2.6m€2.3m▼
Land and buildings22-€1.0m
Plant, machinery and equipment23-€1.2m
Furniture and vehicles24-€0.06m
Financial fixed assets28€0.002m€0.002m=
Current assets29/58€2.2m€2.4m▲
Stocks and contracts in progress3€0.3m€0.3m▲
Stocks30/36-€0.3m
Amounts receivable within one year40/41€0.3m€0.4m▲
Trade receivables40-€0.2m
Other amounts receivable41-€0.2m
Cash at bank and in hand54/58€1.6m€1.7m▲
Deferred charges and accrued income490/1-€0.01m
Equity and liabilities
Total equity and liabilities10/49€4.8m€4.7m▼
Equity10/15€1.9m€2.2m▲
Contributions10/11-€0.3m
Reserves13€0.03m€0.03m=
Non-distributable reserves130/1-€0.03m
Reserves not available under the articles1311-€0.03m
Profit (loss) carried forward14€1.6m€1.9m▲
Amounts payable17/49€2.9m€2.5m▼
Amounts payable after more than one year17€0.5m€0.2m▼
Financial debts170/4-€0.2m
Amounts payable within one year42/48€2.2m€2.1m▼
Current portion of amounts payable after more than one year42-€0.3m
Trade debts44€1.3m€1.3m▲
Suppliers440/4-€1.3m
Taxes, remuneration and social security45-€0.1m
Taxes450/3-€0.005m
Remuneration and social security454/9-€0.09m
Other amounts payable47/48-€0.4m
Accrued charges and deferred income492/3-€0.2m
Income statement Code20202021
Non-recurring operating income76A-€0.01m
Remuneration, social security and pensions62-€0.8m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▲
Other operating charges640/8-€0.02m
Gross operating margin9900€1.7m€1.7m▼
Operating profit (loss)9901€0.7m€0.5m▼
Financial income75/76B-€0.002m
Recurring financial income75€0.002m€0.002m▲
Financial charges65/66B-€0.05m
Recurring financial charges65€0.05m€0.05m▼
Profit (loss) for the period before taxes9903€0.6m€0.4m▼
Income taxes67/77€0.2m€0.1m▼
Profit (loss) for the period9904€0.4m€0.3m▼
Profit (loss) for the period to be appropriated9905€0.4m€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.9m
Profit (loss) brought forward from the previous period14P-€1.6m
Social balance sheet
Average headcount (FTE)9087-24.5

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2021 (PDF), filed on 17-10-2022.

Line2018201920202021Change
Non-recurring operating income76A---€0.01m-
Remuneration, social security and pensions62---€0.8m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m€0.4m€0.4m▲ 1.4%
Other operating charges640/8---€0.02m-
Gross operating margin9900€1.4m€1.3m€1.7m€1.7m▼ 4.4%
Operating profit (loss)9901€0.3m€0.2m€0.7m€0.5m▼ 31.3%
Financial income75/76B---€0.002m-
Recurring financial income75€0.002m€0.003m€0.002m€0.002m▲ 3.0%
Financial charges65/66B---€0.05m-
Recurring financial charges65€0.06m€0.06m€0.05m€0.05m▼ 8.3%
Profit (loss) for the period before taxes9903€0.3m€0.2m€0.6m€0.4m▼ 33.1%
Income taxes67/77€0.06m€0.04m€0.2m€0.1m▼ 48.9%
Profit (loss) for the period9904€0.2m€0.1m€0.4m€0.3m▼ 24.5%
Profit (loss) for the period to be appropriated9905€0.2m€0.1m€0.4m€0.3m▼ 24.5%
Line2018201920202021Change
Assets
Total assets20/58€4.6m€4.2m€4.8m€4.7m▼ 2.2%
Fixed assets21/28€3.2m€2.9m€2.6m€2.3m▼ 12.7%
Tangible fixed assets22/27€3.2m€2.9m€2.6m€2.3m▼ 12.7%
Land and buildings22---€1.0m-
Plant, machinery and equipment23---€1.2m-
Furniture and vehicles24---€0.06m-
Financial fixed assets28€0.002m€0.002m€0.002m€0.002m=
Current assets29/58€1.4m€1.3m€2.2m€2.4m▲ 10.7%
Stocks and contracts in progress3€0.3m€0.3m€0.3m€0.3m▲ 27.3%
Stocks30/36---€0.3m-
Amounts receivable within one year40/41€0.3m€0.6m€0.3m€0.4m▲ 23.6%
Trade receivables40---€0.2m-
Other amounts receivable41---€0.2m-
Cash at bank and in hand54/58€0.8m€0.4m€1.6m€1.7m▲ 5.7%
Deferred charges and accrued income490/1---€0.01m-
Equity and liabilities
Total equity and liabilities10/49€4.6m€4.2m€4.8m€4.7m▼ 2.2%
Equity10/15€1.4m€1.5m€1.9m€2.2m▲ 16.2%
Contributions10/11€0.3m€0.3m-€0.3m-
Reserves13€0.03m€0.03m€0.03m€0.03m=
Non-distributable reserves130/1---€0.03m-
Reserves not available under the articles1311---€0.03m-
Profit (loss) carried forward14€1.1m€1.2m€1.6m€1.9m▲ 19.5%
Amounts payable17/49€3.2m€2.7m€2.9m€2.5m▼ 14.0%
Amounts payable after more than one year17€1.0m€0.8m€0.5m€0.2m▼ 50.0%
Financial debts170/4---€0.2m-
Amounts payable within one year42/48€2.1m€2.0m€2.2m€2.1m▼ 6.3%
Current portion of amounts payable after more than one year42---€0.3m-
Trade debts44€1.3m€1.2m€1.3m€1.3m▲ 3.3%
Suppliers440/4---€1.3m-
Taxes, remuneration and social security45---€0.1m-
Taxes450/3---€0.005m-
Remuneration and social security454/9---€0.09m-
Other amounts payable47/48---€0.4m-
Accrued charges and deferred income492/3---€0.2m-
Line2018201920202021Change
Profit (loss) for the period9904€0.2m€0.1m€0.4m€0.3m▼ 24.5%
+ Depreciation and write-downs630€0.4m€0.4m€0.4m€0.4m▲ 1.4%
Operating cash flow (approximation)€0.6m€0.5m€0.8m€0.7m▼ 12.1%
Investment in fixed assets (approximation)--€0.1m-€0.06m-€0.04m▲ 38.9%
Change in cash--€0.4m€1.2m€0.09m▼ 92.6%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2021 full format 17-10-2022 2022-20467465 PDF
31-12-2020 full format 31-10-2021 2021-76600228 PDF
31-12-2019 full format 09-10-2020 2020-60500204 PDF
31-12-2018 full format 27-09-2019 2019-66800361 PDF
31-12-2017 full format 30-08-2018 2018-54600483 PDF
31-12-2016 full format 31-08-2017 2017-54800285 PDF
31-12-2015 full format 30-08-2016 2016-51000574 PDF
31-12-2014 full format 30-09-2015 2015-61700123 PDF
31-12-2013 full format 30-09-2014 2014-61500143 PDF
31-12-2012 full format 30-08-2013 2013-52300243 PDF

Show all 19 filings

Board & ownership

Directors

Directors
2 directors, last change in 2022
Alain DEWULF
Director (not named in the articles) · appointed in the act of 17-01-2022 · term without a fixed end · listed in the 2021 annual accounts, filed on 17-10-2022
Current
Marie VANVINCKENROYE
Director (not named in the articles) · appointed in the act of 17-01-2022 · term without a fixed end · listed in the 2021 annual accounts, filed on 17-10-2022
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 12 - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 17-01-2022

Owners and capital

Shareholders

1 owner

Owners 1

Mandate history

2 people, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Alain DEWULF
  • Director (not named in the articles), appointed in the act of 17-01-2022, still in office
Marie VANVINCKENROYE
  • Director (not named in the articles), appointed in the act of 17-01-2022, still in office
See the board, name and registered office on a given date →

Articles of association

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs proportionnellement, prix notification initiale ou expert commun accord ou président tribunal entreprise…”

Articles of association, deed of 17-01-2022 (in French)

Network & group

Acquisitions and mergers

1 transaction
Taken over by:VDF
BE 0860.790.173merger by absorption · Gazette deed of 14-06-2022

Connections & network

2 current directors
Depth

The network starts from the directors of FERNEL-DIS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

2022
17-10
NBB filing Annual accounts 2021 filedPDF
full format · 78 days late
14-06
Gazette deed Merger: absorbed by VDF
Dissolution of the company · Auditor report · Declaration15 points ▸
  • General meeting, 16-05-2022
  • Other provision, “assemblée, dispense de lecture par le Président” (deed in French)
  • Auditor report, “sans désignation de valeur nominale”, EUR (deed in French)
  • Declaration, “Chaque actionnaire, réception copie projet de fusion et connaissance autres documents” (deed in French)
  • Declaration, “dépôt et publication des rapports et conservation au dossier du Notaire sans annexe, Code des sociétés et des associations” (deed in French)
  • Other provision, “renonciation aux rapports et communications de fusion, rapport écrit et circonstancié de l'organe d'administration” (deed in French)
  • Merger, “absorption, projet de fusion précité” (deed in French)
  • Other provision, “rapport d'échange et description du patrimoine transféré, procès-verbal de l'assemblée générale de la société absorbante” (deed in French)
  • Share issue, “actions nouvelles”, 7554 (deed in French)
  • Dissolution, merger, “décision de la fusion par l'assemblée générale des actionnaires de la société absorbante” (deed in French)
  • Other provision, “quittance aux administrateurs de la société absorbée, entre la clôture du dernier exercice et la date de transfert du patrimoine” (deed in French)
  • Power of attorney, Alain DE WULF
  • The act holds 3 more points.

Open the act in the Belgian Official Gazette

17-01
Gazette deed Capital decrease of €270,000
Appointments: Alain DEWULF (director) and Marie VANVINCKENROYE (director) · Director discharge · Capital conversion13 points ▸
  • Other provision, “autorisations ou licences préalables, exercice objet social pourrait devoir obtenir autorisations en raison règles administratives” (deed in French)
  • Director appointment, Alain DEWULF (director (not named in the articles))
  • Director appointment, Marie VANVINCKENROYE (director (not named in the articles))
  • Other provision, “renouvellement immédiat comme administrateurs non statutaires, fin de fonction des gérants” (deed in French)
  • Director discharge, Alain DEWULF
  • Director discharge, Marie VANVINCKENROYE
  • Other provision, “BE 477.977.792, registre et TVA” (deed in French)
  • General meeting, 10-01-2022
  • Other provision, “société à responsabilité limitée(en abrégé SRL), adaptation statuts au CSA et maintien SRL” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Capital decrease, €270,000
  • Amendment of the articles
  • The act holds 1 more point.

Open the act in the Belgian Official Gazette

11-01
Gazette deed Merger proposal: to be absorbed by VDF
Appointment: F.C.G. Réviseurs d'Entreprises SRL (statutory auditor) · Accounting effect · Capital decrease7 points ▸
  • Merger, “acte sous seing privé, fusion par absorption” (deed in French)
  • Accounting effect, 01-02-2022
  • Other provision, “droits assurés aux associés à droits spéciaux et porteurs de titres autres que les actions” (deed in French)
  • Other provision, “dispense de rapports de fusion et de contrôle, tous les actionnaires et titulaires d'autres titres conférant un droit de vote de chacune des sociétés participan…” (deed in French)
  • Auditor appointment, F.C.G. Réviseurs d'Entreprises SRL
  • Other provision, “avantages particuliers aux membres des organes de gestion” (deed in French)
  • Capital decrease, €270,000

Open the act in the Belgian Official Gazette

2021
31-12
Financial Equity above €2mequity €2.2m ▲16.2%
With a profit in every financial year since 2018, equity grows to €2.2m.
31-10
NBB filing Annual accounts 2020 filedPDF
full format · 92 days late
2020
31-12
Financial Highest result from 2018 to 2021net €400,916 ▲264%
The operating result of €667,382 and the net result of €400,916 are both a record.
09-10
NBB filing Annual accounts 2019 filedPDF
full format · 70 days late
2019
31-12
Financial Weakest financial yearnet €110,082 ▼43%
The net result drops to €110,082, the lowest from 2018 to 2021.
27-09
NBB filing Annual accounts 2018 filedPDF
full format · 58 days late
2018
30-08
NBB filing Annual accounts 2017 filedPDF
full format · 30 days late
2017
31-08
NBB filing Annual accounts 2016 filedPDF
full format · 31 days late
Show earlier events
2016
30-08
NBB filing Annual accounts 2015 filedPDF
full format · 30 days late
2015
30-09
NBB filing Annual accounts 2014 filedPDF
full format · 61 days late
2014
30-09
NBB filing Annual accounts 2013 filedPDF
full format · 61 days late
2013
30-08
NBB filing Annual accounts 2012 filedPDF
full format · 30 days late
2002
26-07
Gazette deed Incorporation
12 publications in the Belgian Official Gazette, the last on 14-06-2022
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

FERNEL-DIS has filed 19 sets of annual accounts, the latest for financial year 2021.1 In 2022 the company was absorbed by merger into VDF.2

  1. 1National Bank, annual accounts 2021
  2. 2Belgian Official Gazette, 14-06-2022

Company details

Inactive

Absorbed by VDF in June 2022

FERNEL-DIS is no longer in the KBO register. VDF took it over in a merger by absorption, published in the Belgian Official Gazette on 14 June 2022.

Status
Inactive
Reason
Merger by absorptionBelgian Official Gazette, 14 June 2022 · act
Absorbed by
VDF · 0860.790.173
Last annual accounts
financial year to 31 December 2021
Last registered office
Rue Du Commandant Michaux 7, Bte A, 1315 Incourtas published on 14 June 2022
Legal form
Private limited company
First annual accounts
financial year 2003
Official KBO record

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes opérations se rapportant directement ou indirectement à l'exploitation d'un grand magasin de distribution de biens de consommation…”
5 activities
  1. Toutes opérations se rapportant directement ou indirectement à l'exploitation d'un grand magasin de distribution de biens de consommation alimentaire et non alimentaire.
  2. La société pourra réaliser à ce titre toute exploitation de restaurant.
  3. Elle pourra également concéder l'ensemble ou une partie de ses activités à des sous-traitants ou de quelque manière que ce soit.
  4. La société peut faire toutes opérations industrielles, commerciales, financières, mobilières ou immobilières, ayant un rapport direct ou indirect avec son objet.
  5. La société peut s'intéresser par toutes voies d'apport, de fusion, de souscription ou toute autre manière dans toutes affaires, entreprises ou sociétés, ayant un objet identique, analogue ou connexe ou qui sont de nature à favoriser le développement de son entreprise, à lui procurer des matières premières, à faciliter l'écoulement de ses produits.
deed of 11-01-2022 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-01-2022 (in French)

General meeting and financial year

Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of June at 20:00

deed of 17-01-2022 (in French)