Active BE 0656.760.670Private limited companyOpen bankruptcy

FitnFood4Fun

Elzenlaan 10 ·2390 Malle, Belgium· 10 yrs active

Sector: Fitness centres (93130)

Conclusion Checked

A bankruptcy procedure is open for FitnFood4Fun according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-310) and a net result of €-122k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-310
Net result	€-122k
Better than sector	23%
Active	10 yrs

Financial profile 5 of 5 axes measured · computed by Checked

37 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 52

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 Flags0 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.

Checked score FY 2021 · 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.

Indicative credit limit

No credit

open bankruptcy

Score history

20 2018

17 2019

36 2020

17 2021

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.28 (< 1.0) -10

Quick ratio Quick ratio 0.27 (< 0.6) -5

Equity Negative equity -25

Profitability ROE 39237% (≥ 10%) +10

Profit trend Net profit down YoY -3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 22-03-2022 with the NBB · fiscal year 2021 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 93, Sports, amusement and recreation activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-0.3%	24.7%	better than 23% of 250 sector peers
Net result	€-27k	€796	better than 14% of 251 sector peers
Equity	€-310	€23k	better than 25% of 252 sector peers
Gross operating margin	€9k	€16k	better than 42% of 250 sector peers
Total assets	€113k	€112k	better than 50% of 250 sector peers

EBITDA

€-6k

- 18-21

Net profit

€-122k

-28.6% 18-21

Cash flow

€-102k

-33.5% 18-21

Total assets

€113k

-9.0% 18-21

Equity

€-310

- 18-21

Working capital

€-39k

+4.9% 18-21

Employees (FTE)

1

+27.3% 18-21

Income taxes

€225

+638.7% 18-21

Debt

€113k

+16.3% 18-21

Debt ≤ 1y

€54k

+0.9% 18-21

Debt > 1y

€59k

+35.4% 18-21

Current ratio

0.28

+18.8% 18-21

Quick ratio

0.27

+19.1% 18-21

Solvency

-0.3%

- 18-21

Debt / equity

-190.48

- 18-21

ROE

39236.9%

- 18-21

ROA

-107.6%

-41.3% 18-21

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2021	2020	2019	2018
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€-6k	€30k	€2k	€-33k
Net profit	€-122k	€-95k	€-105k	€-86k
Cash flow	€-102k	€-76k	€-87k	€-69k
Staff costs	-	-	-	-
Income taxes	€225	€30	-	-
Dividends	-	-	-	-
Total assets	€113k	€124k	€149k	€151k
Equity	€-310	€27k	€-98k	€-80k
Debt	€113k	€97k	€247k	€230k
of which ≤ 1y	€54k	€54k	€134k	€98k
of which > 1y	€59k	€44k	€113k	€132k
Working capital	€-39k	€-41k	€-108k	€-87k
Employees (FTE)	-	1.4	1.1	1.3

Ratios (computed)

	2021	2020	2019	2018
Current ratio	0.28	0.23	0.19	0.11
Quick ratio	0.27	0.23	0.19	0.11
Working capital ratio	-34.8%	-33.3%	-72.8%	-57.6%
Solvency	-0.3%	21.5%	-65.8%	-53.0%
Debt / equity	-190.48	1.63	-1.15	-1.66
Long-term debt ratio	-190.48	1.63	-1.15	-1.66
Interest coverage	-	-	-	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-107.6%	-76.1%	-70.2%	-57.3%
ROE	39236.9%	-353.3%	106.6%	108.1%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2021

Assets

Fixed assets €98k · 86.7% Current assets €15k · 13.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021	2020	2019	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€113k	€124k	€149k	€151k
Fixed assets	21/28	€98k	€112k	€123k	€139k
Intangible fixed assets	21	€9k	€10k	€12k	€14k
Tangible fixed assets	22/27	€89k	€101k	€111k	€126k
Current assets	29/58	€15k	€13k	€25k	€11k
Stocks & contracts in progress	3	€170	€170	€246	€85
Amounts receivable within one year	40/41	€100	-	€14k	€450
Cash & bank	54/58	€13k	€11k	€9k	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€113k	€124k	€149k	€151k
Equity	10/15	€-310	€27k	€-98k	€-80k
Contributions / capital	10/11	-	-	€7k	€7k
Accumulated profits (losses)	14	€-122k	€-95k	€-105k	€-86k
Amounts payable	17/49	€113k	€97k	€247k	€230k
Amounts payable after one year	17	€59k	€44k	€113k	€132k
Amounts payable within one year	42/48	€54k	€54k	€134k	€98k
Trade debts payable within one year	44	€5k	€9k	€22k	€4k
Income statement
Gross operating margin	9900	€9k	€65k	€54k	€19k
Operating result	9901	€-25k	€12k	€-16k	€-50k
Financial income	75	€70	-	€73	-
Financial charges	65	€2k	€2k	€2k	€3k
Result before taxes	9903	€-27k	€10k	€-18k	€-53k
Income taxes	67/77	€225	€30	-	-
Net result for the period	9904	€-27k	€10k	€-18k	€-53k
Result to be appropriated	9905	€-27k	€10k	€-18k	€-53k

Directors & mandates1 person

Role	Name	Tenure
Curator	SILVY STERCKX ANDRE HERMANSLAAN 16, 2100 DEURNE (ANTWERPEN)	14-07-2022 → present

Legal Structure

NACE primary	Fitness centres(93130)
Legal form	Private limited company(610)
Incorporation	19-06-2016
Status	Active
Postal code	2390
First insolvency signal	20-07-2022
Latest insolvency signal	20-07-2022

Establishment units 2 locations

Diëtistenpraktijk

Elzenlaan 10, 2390 MalleHuman health activities

since 20162.302.318.061

Infraligne Deurne

Merksemsesteenweg 135, 2100 AntwerpenHuman health activities

since 20162.253.994.245

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11049B0631/00W000	Flanders	988 m²	1 · 149 m²	10.9 m · 2 fl.
11342A0133/00E005	Flanders	392 m²	1 · 309 m²	11.7 m · 3 fl.

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.

Updates 6 events

All 7Signals 1Financial 1Filings 5

2022

20-07

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FITNFOOD4FUN BV ELZEN- LAAN 10, 2390 MALLE · event 14-07-2022

22-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Weakest financial yearnet €-122k

Net result drops to €-122k, the lowest in the series.

16-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

27-03

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

25-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

03-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

20-07-2022

Bankruptcy Opening

Date: 14-07-2022 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FITNFOOD4FUN BV ELZEN- LAAN 10, 2390 MALLE · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Fitness centres93130Human health activities86909Nutrition and dietetics services86995

Names & trade names

Legal nameNL	FitnFood4Fun
AbbreviationNL	FnF4F

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