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FT Group

Active
Neerlandweg 16 ·2610 Antwerpen, Belgium
KBO/BCE: BE 0738.463.275
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Age6 yrs
Staff (FTE)3

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for FT Group (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €55k and a net result of €18k.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

3 events
06-07-2026
Bankruptcy Bankruptcy closure (by liquidation)
Date: 30-06-2026 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FT GROUP BV NEER- LANDWEG 16, 2610 WILRIJK (ANTWERPEN) · Publications in State Gazette ↗
26-04-2023
Bankruptcy Opening
Date: 20-04-2023 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FT GROUP BV NEER- LANDWEG 16, 2610 WILRIJK (ANTWERPEN) · Publications in State Gazette ↗
14-03-2023
Judicial reorganisation Opening
Date: 08-03-2023 · Ondernemingsrechtbank Antwerpen · collectif · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-06-2022, 44 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 17-06-2022 44 d early 2022-20069241
31-12-2020 31-07-2021 16-07-2021 15 d early 2021-35800464

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€18k-1.4%
Working capital€110k-0.7%
Directors1

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 17-06-2022 with the NBB · fiscal year 2021 · verkort
€0€10k€20k€30kOperating result 2020: €27k€27kNet result 2020: €18k€18kOperating result 2021: €32k€32kNet result 2021: €18k€18k20202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 33 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 11.9% 18.9%
better than 40% of 37 sector peers
Net result €18k €7k
better than 65% of 36 sector peers
Equity €55k €68k
better than 45% of 37 sector peers
Gross operating margin €216k €154k
better than 58% of 37 sector peers
Total assets €461k €758k
better than 39% of 37 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€39k
+18.9% 20-21
Net profit
€18k
-1.4% 20-21
Cash flow
€25k
+2.6% 20-21
Total assets
€461k
+9.8% 20-21
Equity
€55k
+49.0% 20-21
Working capital
€110k
-0.7% 20-21
Employees (FTE)
3
+7.1% 20-21
Staff costs
€176k
- 20-21
Income taxes
€7k
+36.5% 20-21
Debt
€407k
+6.1% 20-21
Debt ≤ 1y
€331k
+15.0% 20-21
Debt > 1y
€62k
-24.9% 20-21
Current ratio
1.33
-3.8% 20-21
Quick ratio
1.09
+2.1% 20-21
Solvency
11.9%
+35.6% 20-21
Debt / equity
7.42
+232.0% 20-21
ROE
32.9%
-33.8% 20-21
ROA
3.9%
-10.3% 20-21
Interest coverage
4.98
- 20-21
Figures by fiscal year
Fiscal year2021
Depositverkort
Revenue-
EBITDA€39k
Net profit€18k
Cash flow€25k
Staff costs€176k
Income taxes€7k
Dividends-
Total assets€461k
Equity€55k
Debt€407k
of which ≤ 1y€331k
of which > 1y€62k
Working capital€110k
Employees (FTE)3.0
Ratios (computed)
2021
Current ratio1.33
Quick ratio1.09
Working capital ratio23.8%
Solvency11.9%
Debt / equity7.42
Long-term debt ratio1.13
Interest coverage4.98
Gross margin-
Net margin-
ROA3.9%
ROE32.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€461k
Fixed assets 21/28€21k
Tangible fixed assets 22/27€21k
Current assets 29/58€440k
Stocks & contracts in progress 3€79k
Amounts receivable within one year 40/41€334k
Cash & bank 54/58€25k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€461k
Equity 10/15€55k
Contributions / capital 10/11€19k
Reserves 13€36k
Amounts payable 17/49€407k
Amounts payable after one year 17€62k
Amounts payable within one year 42/48€331k
Trade debts payable within one year 44€76k
Income statement
Gross operating margin 9900€216k
Operating result 9901€32k
Financial charges 65€8k
Result before taxes 9903€25k
Income taxes 67/77€7k
Net result for the period 9904€18k
Result to be appropriated 9905€18k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
8 / 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 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

9 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator KJELL SWARTELE
ANSELMOSTRAAT 2, 2018 ANTWERPEN 1
20-04-2023 → present Belgian State Gazette

Legal Structure

NACE primary Installatie van industriële machines, toestellen en werktuigen(33200)
Legal form Private limited company(610)
Incorporation27-11-2019
StatusActive
Postal code2610
First BS signal 14-03-2023
Latest BS signal 06-07-2026

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Neerlandweg 162610 Antwerpen
Parcels1
Ground area5,641 m²
Buildings1
Building footprint4,167 m²
Volume (LiDAR)38,488 m³
Tallest building11.5 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.
11463D0410/00T000 Flanders 5,641 m² 1 · 4,167 m² 11.5 m · 3 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.

Publications

Lifecycle & Insolvency Signals

3 events from the State Gazette
06-07-2026
Bankruptcy Bankruptcy closure (by liquidation)
Date: 30-06-2026 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FT GROUP BV NEER- LANDWEG 16, 2610 WILRIJK (ANTWERPEN) · Publications in State Gazette ↗
26-04-2023
Bankruptcy Opening
Date: 20-04-2023 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FT GROUP BV NEER- LANDWEG 16, 2610 WILRIJK (ANTWERPEN) · Publications in State Gazette ↗
14-03-2023
Judicial reorganisation Opening
Date: 08-03-2023 · Ondernemingsrechtbank Antwerpen · collectif · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-03-14 · Judicial reorganisation · Opening2023-04-26 · Bankruptcy · Opening2026-07-06 · Bankruptcy · Bankruptcy closure (by liquidation)
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health8Profitability100Solvency26Growth52Stability0
37 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 8
Profitability 100
Solvency 26
Growth 52
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van industriële machines, toestellen en werktuigen33200Installatie van industriële machines, toestellen en werktuigen33200Vervaardiging van metalen constructiewerken en delen daarvan25110Vervaardiging van metalen constructiewerken en delen daarvan25110Reparatie van machines33120Reparatie en onderhoud van machines33120Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220
Primary activity highlighted.
Names & trade names
Legal nameNL FT Group
Registered office
Neerlandweg 16
2610 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.