Active BE 0502.923.917Public limited company

FNG INTERNATIONAL

Bautersemstraat 68A ·2800 Mechelen, Belgium· 13 yrs active

Sector: Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment) (47716)

Conclusion Checked

The KBO register records legal situation 050 for FNG INTERNATIONAL (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2018 annual accounts show equity of €24.42M and a net result of €3.63M.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€24.42M
Net result	€3.63M
Staff (FTE)	121.8
Active	13 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

20 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 42

Solvency 38

Growth -

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

10 / 100

Moderate 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

· 1 judicial reorganisation (+10)

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.

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Administrative Flags 0 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.

Health barometer FY 2018 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2018 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 31-12-2019 with the NBB · fiscal year 2018 · volledig

Highlight YoY changes (±10%)

Fiscal year	2018
Deposit	volledig
Revenue	€261.10M
EBITDA	€9.90M
Net profit	€3.63M
Cash flow	€7.12M
Staff costs	-
Income taxes	€290k
Dividends	-
Total assets	€417.97M
Equity	€24.42M
Debt	€393.55M
of which ≤ 1y	€356.96M
of which > 1y	€36.55M
Working capital	€-10.49M
Employees (FTE)	121.8

Ratios (computed)

	2018
Current ratio	0.97
Quick ratio	0.78
Working capital ratio	-2.5%
Solvency	5.8%
Debt / equity	1.50
Long-term debt ratio	1.50
Interest coverage	2.10
Gross margin	-
Net margin	1.4%
ROA	0.9%
ROE	14.9%
EBITDA margin	3.8%
Days sales outstanding	326d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2018

Assets

Fixed assets €71.49M · 17.1% Current assets €346.47M · 82.9%

Equity & liabilities

Equity €24.42M · 5.8% Debt €393.55M · 94.2%

Full annual accounts

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

Line item	Code	2018
Balance sheet, Assets
TOTAL ASSETS	20/58	€417.97M
Fixed assets	21/28	€71.49M
Intangible fixed assets	21	€22.44M
Tangible fixed assets	22/27	€2.38M
Financial fixed assets	28	€46.67M
Current assets	29/58	€346.47M
Stocks & contracts in progress	3	€67.50M
Amounts receivable within one year	40/41	€232.99M
Investments	50/53	€149k
Cash & bank	54/58	€43.96M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€417.97M
Equity	10/15	€24.42M
Contributions / capital	10/11	€15.82M
Reserves	13	€5.04M
Accumulated profits (losses)	14	€3.56M
Amounts payable	17/49	€393.55M
Amounts payable after one year	17	€36.55M
Amounts payable within one year	42/48	€356.96M
Trade debts payable within one year	44	€204.13M
Income statement
Turnover	70	€261.10M
Operating result	9901	€6.41M
Financial income	75	€697k
Financial charges	65	€5.27M
Result before taxes	9903	€1.83M
Income taxes	67/77	€290k
Net result for the period	9904	€1.54M
Result to be appropriated	9905	€1.54M

Ratios computed by Checked.

Legal Structure

NACE primary	Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)(47716)
Legal form	Public limited company(014)
Incorporation	30-01-2013
Status	Active
Postal code	2800
First BS signal	14-07-2020
Latest BS signal	14-07-2020

Establishment units 1 location

FNG International

Bautersemstraat 68A, 2800 MechelenDetailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)

since 20132.216.024.089

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12403D0141/00C003	Flanders	1,988 m²	1 · 1,780 m²	37.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

14-07-2020

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · collectif · event 08-07-2020

2019

31-12-2019