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FPI

Inactive
KBO/BCE: BE 0440.526.389

FPI was declared bankrupt on 02-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 27-02-2024, published in the Belgian State Gazette on 05-03-2024.

Summary

Inactive; last annual accounts for fiscal year 2020.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 17-08-2021, 17 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
17 d late
2019
66 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 42 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FPI has filed 31 sets of annual accounts, the latest for fiscal year 2020.1 On 2 May 2023 the company was declared bankrupt; the bankruptcy was closed on 27 February 2024.23

  1. 1National Bank, annual accounts 2020
  2. 2Belgian State Gazette, 09-05-2023
  3. 3Belgian State Gazette, 05-03-2024

Financials · fiscal year 2020, micro schema

Equity
-€1,338▼ 3,612%
2019 · -€36
Total assets
€173
Net result
-€1,302▼ 522%
2019 · -€209
Working capital
Not included in this filing
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
Line201820192020
Operating result-€70--€174▼ 149%-€1,257▼ 621%
Net result-€110--€209▼ 90.2%-€1,302▼ 522%
Equity€173--€36-€1,338▼ 3,612%
Total assets€173-
Debt€36€1,338▲ 3,612%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,500-€1,000-€500€0Operating result 2018: -€70-€70Net result 2018: -€110-€110Operating result 2019: -€174-€174Net result 2019: -€209-€209Operating result 2020: -€1,257-€1,257Net result 2020: -€1,302-€1,302201820192020-€1,500-€1,000-€500€0Operating result 2018: -€70-€70Net result 2018: -€110-€110Operating result 2019: -€174-€174Net result 2019: -€209-€209Operating result 2020: -€1,257-€1,260Net result 2020: -€1,302-€1,300201820192020
The operating result stays negative: a loss of €1,257 in 2020 against €174 in 2019; the loss grows and 2020 has the lowest result in the available series.
Key figures and ratios
2020 value · change against 2019
Debt ≤ 1 year
€1,338▲
2019 · €36
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 13 lines
Balance sheet Code20192020
Equity and liabilities
Equity10/15-€36-€1,338▼
Contributions10/11€6,371-
Reserves13€6,950€6,950=
Profit (loss) carried forward14-€13,357-€14,658▼
Amounts payable17/49€36€1,338▲
Amounts payable within one year42/48€36€1,338▲
Trade debts44-€1,202
Income statement Code20192020
Gross operating margin9900-€174-€1,257▼
Operating profit (loss)9901-€174-€1,257▼
Recurring financial charges65€35€45▲
Profit (loss) for the period before taxes9903-€209-€1,302▼
Profit (loss) for the period9904-€209-€1,302▼
Profit (loss) for the period to be appropriated9905-€209-€1,302▼
Line201820192020Change
Gross operating margin9900-€70-€174-€1,257▼ 621%
Operating profit (loss)9901-€70-€174-€1,257▼ 621%
Recurring financial charges65€40€35€45▲ 28.6%
Profit (loss) for the period before taxes9903-€110-€209-€1,302▼ 522%
Profit (loss) for the period9904-€110-€209-€1,302▼ 522%
Profit (loss) for the period to be appropriated9905-€110-€209-€1,302▼ 522%
Line201820192020Change
Assets
Total assets20/58€173---
Current assets29/58€173---
Amounts receivable within one year40/41€173---
Equity and liabilities
Total equity and liabilities10/49€173---
Equity10/15€173-€36-€1,338▼ 3,612%
Contributions10/11€6,371€6,371--
Reserves13€6,950€6,950€6,950=
Profit (loss) carried forward14-€13,148-€13,357-€14,658▼ 9.7%
Amounts payable17/49-€36€1,338▲ 3,612%
Amounts payable within one year42/48-€36€1,338▲ 3,612%
Trade debts44--€1,202-
Line201820192020Change
Profit (loss) for the period9904-€110-€209-€1,302▼ 522%
Operating cash flow (approximation)-€110-€209-€1,302▼ 522%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
05-03
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 27-02-2024
2023
09-05
Bankruptcy Opening
Ondernemingsrechtbank Brussel · event 02-05-2023
2021
17-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial Weakest financial yearnet -€1,302
Net result drops to -€1,302, the lowest in the series.
05-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
02-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
20-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
22-01
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 175 days late
2014
24-06
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
10-05
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
14-05
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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 WARD VAN MELDERT
KUNSTLAAN 24/9B, 1000 BRUSSEL 1
02-05-2023 → 27-02-2024

Public money · subsidies and aid

Flemish government

2022 to 2024 · 2 entries
Year Entries awardedpaid
2024 1 -12,000 EUR0 EUR
2022 1 12,000 EUR0 EUR
Schemes
1 entry · -12,000 EUR · Fonds voor Innoveren en Ondernemen