FKG
InactiveFKG was declared bankrupt on 13-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 27-05-2025, published in the Belgian State Gazette on 02-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 30-10-2023, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
10 d late
2021
3 d early
2020
19 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€60,251▲ 21.6%
2022 · -€76,876
Total assets
€7,402▼ 78.2%
2022 · €33,964
Net result
€16,626
2022 · -€40,809
Working capital
-€61,637▲ 35.4%
2022 · -€95,341
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€5,758--€31,749€6,255-€43,087€23,429
Net result€4,541--€32,496€2,573-€40,809€16,626
Equity-€6,145--€38,641▼ 529%-€36,068▲ 6.7%-€76,876▼ 113%-€60,251▲ 21.6%
Total assets€67,820-€40,509▼ 40.3%€32,221▼ 20.5%€33,964▲ 5.4%€7,402▼ 78.2%
Debt€73,965-€79,150▲ 7.0%€68,288▼ 13.7%€110,841▲ 62.3%€67,653▼ 39.0%
Working capital-€31,584--€62,560▼ 98.1%-€53,794▲ 14.0%-€95,341▼ 77.2%-€61,637▲ 35.4%
Staff (FTE)3.8-4.5▲ 18.4%1.5▼ 66.7%2▲ 33.3%0.8▼ 60.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €23,429 after a loss of €43,087 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7,402
Fixed assets
€1,387 ▼ 92.5%
Current assets
€6,015 ▼ 61.2%
Key figures and ratios
EBITDA
€23,695▲
2022 · -€36,263
Cash flow
€16,892▲
2022 · -€33,985
Solvency
-814.0%▼
2022 · -226.3%
Current ratio
0.09▼
2022 · 0.14
Debt to equity
-1.12▲
2022 · -1.44
ROA
224.6%▲
2022 · -120.2%
Interest coverage
3.50▲
2022 · -106.84
Debt ≤ 1 year
€67,653▼
2022 · €110,841
Income taxes
€38▲
2022 · -€2,571
Staff costs
€26,157▼
2022 · €90,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €90,676 | €26,157 | ▼ 71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,314 | €8,777 | €6,194 | €6,824 | €266 | ▼ 96.1% |
| Other operating charges640/8 | - | - | - | €2,644 | €495 | ▼ 81.3% |
| Non-recurring operating charges66A | - | - | - | - | €18,464 | - |
| Gross operating margin9900 | €165,551 | €136,226 | €42,109 | €57,057 | €68,811 | ▲ 20.6% |
| Operating profit (loss)9901 | €5,758 | -€31,749 | €6,255 | -€43,087 | €23,429 | ▲ 154% |
| Financial income75/76B | - | - | - | €47 | €7 | ▼ 84.4% |
| Recurring financial income75 | €16 | €10 | €17 | €47 | €7 | ▼ 84.4% |
| Financial charges65/66B | - | - | - | €339 | €6,772 | ▲ 1,895% |
| Recurring financial charges65 | €1,163 | €685 | €3,215 | €339 | €6,772 | ▲ 1,895% |
| Profit (loss) for the period before taxes9903 | €4,611 | -€32,424 | €3,057 | -€43,380 | €16,664 | ▲ 138% |
| Income taxes67/77 | €70 | €72 | €484 | -€2,571 | €38 | ▲ 101% |
| Profit (loss) for the period9904 | €4,541 | -€32,496 | €2,573 | -€40,809 | €16,626 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €4,541 | -€32,496 | €2,573 | -€40,809 | €16,626 | ▲ 141% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,820 | €40,509 | €32,221 | €33,964 | €7,402 | ▼ 78.2% |
| Fixed assets21/28 | €25,440 | €23,919 | €17,726 | €18,464 | €1,387 | ▼ 92.5% |
| Tangible fixed assets22/27 | €25,440 | €23,919 | €17,726 | €18,464 | €1,387 | ▼ 92.5% |
| Plant, machinery and equipment23 | - | - | - | €8,231 | - | - |
| Furniture and vehicles24 | - | - | - | €10,233 | €1,387 | ▼ 86.5% |
| Current assets29/58 | €42,380 | €16,590 | €14,495 | €15,500 | €6,015 | ▼ 61.2% |
| Stocks and contracts in progress3 | €6,966 | €5,721 | €5,685 | €5,453 | - | - |
| Stocks30/36 | - | - | - | €5,453 | - | - |
| Amounts receivable within one year40/41 | €3,826 | €6,619 | €3,074 | €1,736 | €3,449 | ▲ 98.7% |
| Trade receivables40 | - | - | - | - | €3,449 | - |
| Other amounts receivable41 | - | - | - | €1,736 | - | - |
| Cash at bank and in hand54/58 | €31,588 | €4,250 | €5,736 | €8,312 | €2,567 | ▼ 69.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,820 | €40,509 | €32,221 | €33,964 | €7,402 | ▼ 78.2% |
| Equity10/15 | -€6,145 | -€38,641 | -€36,068 | -€76,876 | -€60,251 | ▲ 21.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€26,596 | -€59,092 | -€56,519 | -€97,328 | -€80,702 | ▲ 17.1% |
| Amounts payable17/49 | €73,965 | €79,150 | €68,288 | €110,841 | €67,653 | ▼ 39.0% |
| Amounts payable within one year42/48 | €73,965 | €79,150 | €68,288 | €110,841 | €67,653 | ▼ 39.0% |
| Financial debts43 | - | - | - | €4,355 | - | - |
| Credit institutions430/8 | - | - | - | €4,355 | - | - |
| Trade debts44 | €30,623 | €36,599 | €7,056 | €21,222 | €10,993 | ▼ 48.2% |
| Suppliers440/4 | - | - | - | €21,222 | €10,993 | ▼ 48.2% |
| Taxes, remuneration and social security45 | - | - | - | €23,094 | €1,695 | ▼ 92.7% |
| Taxes450/3 | - | - | - | €7,036 | €1,695 | ▼ 75.9% |
| Remuneration and social security454/9 | - | - | - | €16,058 | - | - |
| Other amounts payable47/48 | - | - | - | €62,170 | €54,964 | ▼ 11.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,541 | -€32,496 | €2,573 | -€40,809 | €16,626 | ▲ 141% |
| + Depreciation and write-downs630 | €9,314 | €8,777 | €6,194 | €6,824 | €266 | ▼ 96.1% |
| Operating cash flow (approximation) | €13,855 | -€23,719 | €8,767 | -€33,985 | €16,892 | ▲ 150% |
| Investment in fixed assets (approximation) | - | -€7,257 | €0 | -€7,562 | €16,811 | ▲ 322% |
| Change in cash | - | -€27,339 | €1,487 | €2,576 | -€5,745 | ▼ 323% |
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
2025
02-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-05-2025
2024
20-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 13-06-2024
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €16,626
Net result €16,626 after one loss-making year.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
31-03
Financial
Weakest financial yearnet -€40,809
Net result drops to -€40,809, the lowest in the series.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €2,573
Net result €2,573 after one loss-making year.
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
05-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN LEENDERS GROTE STEENWEG 154,
2600 BERCHEM (ANTWERPEN) |
13-06-2024 → 27-05-2025 |