FT DISTRIBUTION
ActiveSummary
The computed 12-month bankruptcy probability of FT DISTRIBUTION is 6.7% (elevated). The 2024 annual accounts show negative equity (-€9,207) and a net result of -€96,200. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 26043 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-53
Solvency21▼-32
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 1.2 in 2023; short-term debt: 104.1% and cash: 7.2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-4.1%
Return on assets
-42.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€9,207
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
23 d late
2022
31 d late
2021
1 d late
2020
25 d late
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€9,207
2023 · €86,993
Total assets
€224,464▼ 27.5%
2023 · €309,645
Net result
-€96,200
2023 · €15,570
Working capital
-€45,335
2023 · €45,167
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€107,932▲ 28.8%-€65,486-€13,580▲ 79.3%€24,911-€93,029
Net result€84,697above the sector's middle half▲ 33.3%-€69,075below the sector's middle half-€20,139below the sector's middle half▲ 70.8%€15,570within the sector's middle half-€96,200below the sector's middle half
Equity€160,636above the sector's middle half▲ 112%€91,562within the sector's middle half▼ 43.0%€71,423within the sector's middle half▼ 22.0%€86,993within the sector's middle half▲ 21.8%-€9,207below the sector's middle half
Total assets€345,183above the sector's middle half▲ 139%€320,880above the sector's middle half▼ 7.0%€309,247within the sector's middle half▼ 3.6%€309,645within the sector's middle half▲ 0.1%€224,464within the sector's middle half▼ 27.5%
Debt€184,547▲ 169%€229,319▲ 24.3%€237,824▲ 3.7%€222,652▼ 6.4%€233,671▲ 4.9%
Working capital€149,907above the sector's middle half▲ 242%€83,357within the sector's middle half▼ 44.4%€42,958within the sector's middle half▼ 48.5%€45,167within the sector's middle half▲ 5.1%-€45,335below the sector's middle half
Solvency46.5%within the sector's middle half▼ 6.0pp28.5%within the sector's middle half▼ 18.0pp23.1%within the sector's middle half▼ 5.4pp28.1%within the sector's middle half▲ 5.0pp-4.1%below the sector's middle half▼ 32.2pp
Current ratio1.95within the sector's middle half▲ 0.321.43within the sector's middle half▼ 0.531.19within the sector's middle half▼ 0.241.20within the sector's middle half▲ 0.020.81below the sector's middle half▼ 0.40
Return on assets (ROA)24.5%above the sector's middle half▼ 19.4pp-21.5%below the sector's middle half▼ 46.1pp-6.5%below the sector's middle half▲ 15.0pp5.0%within the sector's middle half▲ 11.5pp-42.9%below the sector's middle half▼ 47.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €93,029 after €24,911 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €224,464
Fixed assets
€36,128 ▼ 13.6%
Current assets
€188,337 ▼ 29.7%
Key figures and ratios
EBITDA
-€87,331▼
2023 · €31,187
Cash flow
-€90,502▼
2023 · €21,846
Quick ratio
0.73▼
2023 · 0.86
Debt to equity
-25.38▼
2023 · 2.56
Interest coverage
-32.77▼
2023 · 3.41
Debt ≤ 1 year
€233,671▲
2023 · €222,652
Income taxes
€511▲
2023 · €212
Staff costs
€54,096▼
2023 · €56,527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €285 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €34,485 | €78,614 | €56,527 | €54,096 | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,827 | €4,878 | €5,143 | €6,276 | €5,699 | ▼ 9.2% |
| Other operating charges640/8 | - | €517,984 | €260,591 | €219,709 | €141,000 | ▼ 35.8% |
| Non-recurring operating charges66A | - | - | - | €792 | €0 | ▼ 100% |
| Gross operating margin9900 | €735,068 | €491,862 | €330,767 | €308,215 | €107,765 | ▼ 65.0% |
| Operating profit (loss)9901 | €107,932 | -€65,486 | -€13,580 | €24,911 | -€93,029 | ▼ 473% |
| Financial income75/76B | - | €60 | €7 | €4 | €6 | ▲ 37.5% |
| Recurring financial income75 | €231 | €60 | €7 | €4 | €6 | ▲ 37.5% |
| Financial charges65/66B | - | €3,648 | €7,188 | €9,132 | €2,665 | ▼ 70.8% |
| Recurring financial charges65 | €3,028 | €3,648 | €7,188 | €9,132 | €2,665 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | €105,136 | -€69,075 | -€20,761 | €15,782 | -€95,689 | ▼ 706% |
| Income taxes67/77 | €20,439 | €0 | -€623 | €212 | €511 | ▲ 141% |
| Profit (loss) for the period9904 | €84,697 | -€69,075 | -€20,139 | €15,570 | -€96,200 | ▼ 718% |
| Profit (loss) for the period to be appropriated9905 | €84,697 | -€69,075 | -€20,139 | €15,570 | -€96,200 | ▼ 718% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345,183 | €320,880 | €309,247 | €309,645 | €224,464 | ▼ 27.5% |
| Fixed assets21/28 | €38,133 | €42,305 | €37,162 | €41,826 | €36,128 | ▼ 13.6% |
| Intangible fixed assets21 | €9,203 | €6,494 | €3,785 | €1,076 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €11,630 | €18,511 | €16,077 | €23,450 | €18,828 | ▼ 19.7% |
| Plant, machinery and equipment23 | - | €6,377 | €5,631 | €4,885 | €4,138 | ▼ 15.3% |
| Furniture and vehicles24 | - | €12,134 | €10,446 | €18,565 | €14,689 | ▼ 20.9% |
| Financial fixed assets28 | €17,300 | €17,300 | €17,300 | €17,300 | €17,300 | = |
| Current assets29/58 | €307,050 | €278,576 | €272,085 | €267,819 | €188,337 | ▼ 29.7% |
| Stocks and contracts in progress3 | €121,802 | €77,575 | €72,981 | €76,500 | €18,300 | ▼ 76.1% |
| Stocks30/36 | - | €77,575 | €72,981 | €76,500 | €18,300 | ▼ 76.1% |
| Amounts receivable within one year40/41 | €143,282 | €157,886 | €170,510 | €165,710 | €150,783 | ▼ 9.0% |
| Trade receivables40 | - | €33,445 | €58,559 | €52,366 | €38,505 | ▼ 26.5% |
| Other amounts receivable41 | - | €124,441 | €111,951 | €113,344 | €112,278 | ▼ 0.9% |
| Cash at bank and in hand54/58 | €40,888 | €39,338 | €27,693 | €21,637 | €16,170 | ▼ 25.3% |
| Deferred charges and accrued income490/1 | - | €3,777 | €901 | €3,972 | €3,083 | ▼ 22.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345,183 | €320,880 | €309,247 | €309,645 | €224,464 | ▼ 27.5% |
| Equity10/15 | €160,636 | €91,562 | €71,423 | €86,993 | -€9,207 | ▼ 111% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €6,200 | €6,200 | - | - | - |
| Reserves13 | €148,236 | €79,162 | €59,023 | €59,023 | €59,023 | = |
| Distributable reserves133 | - | €79,162 | €59,023 | €59,023 | €59,023 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €15,570 | -€80,630 | ▼ 618% |
| Amounts payable17/49 | €184,547 | €229,319 | €237,824 | €222,652 | €233,671 | ▲ 4.9% |
| Amounts payable after more than one year17 | €27,404 | €34,101 | €8,697 | - | - | - |
| Financial debts170/4 | - | €34,101 | €8,697 | - | - | - |
| Amounts payable within one year42/48 | €157,143 | €195,218 | €229,127 | €222,652 | €233,671 | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | - | €26,000 | €25,404 | €8,697 | €0 | ▼ 100% |
| Trade debts44 | €20,466 | €41,167 | €121,607 | €155,751 | €177,049 | ▲ 13.7% |
| Suppliers440/4 | - | €41,167 | €121,607 | €155,751 | €177,049 | ▲ 13.7% |
| Taxes, remuneration and social security45 | - | €49,581 | €24,674 | €11,389 | €9,149 | ▼ 19.7% |
| Taxes450/3 | - | €42,132 | €6,988 | €328 | €247 | ▼ 24.5% |
| Remuneration and social security454/9 | - | €7,449 | €17,686 | €11,062 | €8,902 | ▼ 19.5% |
| Other amounts payable47/48 | - | €78,470 | €57,442 | €46,815 | €47,473 | ▲ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,697 | -€69,075 | -€20,139 | €15,570 | -€96,200 | ▼ 718% |
| + Depreciation and write-downs630 | €3,827 | €4,878 | €5,143 | €6,276 | €5,699 | ▼ 9.2% |
| Operating cash flow (approximation) | €88,524 | -€64,197 | -€14,996 | €21,846 | -€90,502 | ▼ 514% |
| Investment in fixed assets (approximation) | - | -€9,050 | €0 | -€10,940 | -€0 | ▲ 100.0% |
| Change in cash | - | -€1,550 | -€11,645 | -€6,056 | -€5,467 | ▲ 9.7% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€96,200
Net result drops to -€96,200, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €15,570
Net result €15,570 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2019net €84,697 ▲33.3%
Operating result €107,932, net result €84,697, both a record.
31-12
Financial
Equity above €150,000Eq €160,636 ▲112%
2 profitable years in a row build equity to €160,636.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Registered office, Brussel · 2 establishment units since 2018
Ground area
227 m²
Building footprint
217 m²
Volume, LiDAR
2,492 m³
2 parcels, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
FT DISTRIBUTION
since 20182.280.778.915
Generaal Jacqueslaan 58, 1050 Elsene
since 20192.291.487.913
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0249/00F013 | Brussels | 179 m² | 1 · 170 m² | 18.7 m · 4 fl. |
| 21004A0771/00_000 | Brussels | 48 m² | 1 · 47 m² | 16.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.280.778.915
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Of 417 companies in sector 47260 we hold annual accounts for 264. 214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
47551Retail sale of household furniture
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707796825
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.