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FTH

Bankruptcy
Public limited companyfounded 2009Visserijstraat 83, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0809.778.071
Summary

The KBO register records for FTH the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €1.9m and a net result of €53,779.

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 29-01-2021, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
2 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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

FTH was incorporated on 12 February 2009.1 The company has filed 11 sets of annual accounts, the latest for fiscal year 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2020, full schema

Equity
€1.9m▲ 3.0%
2019 · €1.8m
Net result
€53,779
2019 · -€51,214
Total assets
€4.8m▲ 29.0%
2019 · €3.7m
Solvency
38.5%▼ 9.7pp
2019 · 48.2%
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
Line20192020
Operating result€34,815-€117,865▲ 239%
Net result-€51,214-€53,779
Equity€1.8m-€1.9m▲ 3.0%
Total assets€3.7m-€4.8m▲ 29.0%
Debt€1.9m-€3.0m▲ 53.3%
Working capital€773,978-€1.4m▲ 86.1%
Solvency48.2%-38.5%▼ 9.7pp
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2019: €34,815€34,815Net result 2019: -€51,214-€51,214Operating result 2020: €117,865€117,865Net result 2020: €53,779€53,77920192020-€100,000-€50,000€0€50,000€100,000Operating result 2019: €34,815€34,800Net result 2019: -€51,214-€51,200Operating result 2020: €117,865€118,000Net result 2020: €53,779€53,80020192020
The operating result rises in 2020; 2020 is 239% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €4.8m
Fixed assets €2.8m ▼ 1.1%
Current assets €2.1m ▲ 118%
Equity and liabilities €4.8m
Equity €1.9m ▲ 3.0%
Debt €3.0m ▲ 53.3%
Debt's share of the balance-sheet total rises from 51.8% to 61.5%. Equity and debt are higher.
Key figures and ratios
2020 value · change against 2019
ROE
2.9%▲
2019 · -2.8%
ROA
1.1%▲
2019 · -1.4%
Debt ≤ 1 year
€621,062▲
2019 · €173,674
Debt > 1 year
€2.3m▲
2019 · €1.8m
Income taxes
€757▲
2019 · -€52
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 · 25 lines
Balance sheet Code20192020
Assets
Total assets20/58€3.7m€4.8m▲
Fixed assets21/28€2.8m€2.8m▼
Tangible fixed assets22/27€240,359€208,460▼
Financial fixed assets28€2.5m€2.5m=
Current assets29/58€947,651€2.1m▲
Amounts receivable within one year40/41€938,720€2.1m▲
Cash at bank and in hand54/58€8,931€4,263▼
Equity and liabilities
Total equity and liabilities10/49€3.7m€4.8m▲
Equity10/15€1.8m€1.9m▲
Contributions10/11€434,100€434,100=
Reserves13€215,910€215,910=
Profit (loss) carried forward14€1.1m€1.2m▲
Amounts payable17/49€1.9m€3.0m▲
Amounts payable after more than one year17€1.8m€2.3m▲
Amounts payable within one year42/48€173,674€621,062▲
Trade debts44€13,343€230,958▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,180€31,899▼
Gross operating margin9900€79,567€149,764▲
Operating profit (loss)9901€34,815€117,865▲
Recurring financial income75€0€29,045▲
Recurring financial charges65€86,081€92,374▲
Profit (loss) for the period before taxes9903-€51,266€54,536▲
Income taxes67/77-€52€757▲
Profit (loss) for the period9904-€51,214€53,779▲
Profit (loss) for the period to be appropriated9905-€51,214€53,779▲
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,180€31,899▼ 0.9%
Gross operating margin9900€79,567€149,764▲ 88.2%
Operating profit (loss)9901€34,815€117,865▲ 239%
Recurring financial income75€0€29,045▲ 18,153,200%
Recurring financial charges65€86,081€92,374▲ 7.3%
Profit (loss) for the period before taxes9903-€51,266€54,536▲ 206%
Income taxes67/77-€52€757▲ 1,548%
Profit (loss) for the period9904-€51,214€53,779▲ 205%
Profit (loss) for the period to be appropriated9905-€51,214€53,779▲ 205%
Line20192020Change
Assets
Total assets20/58€3.7m€4.8m▲ 29.0%
Fixed assets21/28€2.8m€2.8m▼ 1.1%
Tangible fixed assets22/27€240,359€208,460▼ 13.3%
Financial fixed assets28€2.5m€2.5m=
Current assets29/58€947,651€2.1m▲ 118%
Amounts receivable within one year40/41€938,720€2.1m▲ 119%
Cash at bank and in hand54/58€8,931€4,263▼ 52.3%
Equity and liabilities
Total equity and liabilities10/49€3.7m€4.8m▲ 29.0%
Equity10/15€1.8m€1.9m▲ 3.0%
Contributions10/11€434,100€434,100=
Reserves13€215,910€215,910=
Profit (loss) carried forward14€1.1m€1.2m▲ 4.7%
Amounts payable17/49€1.9m€3.0m▲ 53.3%
Amounts payable after more than one year17€1.8m€2.3m▲ 33.1%
Amounts payable within one year42/48€173,674€621,062▲ 258%
Trade debts44€13,343€230,958▲ 1,631%
Line20192020Change
Profit (loss) for the period9904-€51,214€53,779▲ 205%
+ Depreciation and write-downs630€32,180€31,899▼ 0.9%
Operating cash flow (approximation)-€19,034€85,678▲ 550%
Investment in fixed assets (approximation)-€0-
Change in cash--€4,668-

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

2021
29-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial Back to profitnet €53,779
Net result €53,779 after one loss-making year.
29-01
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
27-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
29-02
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
20-03
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 20 days late
2014
27-02
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
29-03
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 29 days late
2012
14-02
NBB filing Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 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
9 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, Watermaal-Bosvoorde · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
658 m²
Volume, LiDAR
15,336 m³
Parcel 21017D0205/00G000, Brussels · tallest building 27.0 m, ±8 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Composil Europe
Visserijstraat 83, 1170 Watermaal-BosvoordeHoldings
since 20092.208.602.896
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21017D0205/00G000 Brussels 1.2 ha 1 · 658 m² 26.9 m · 8 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 11,145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded12-02-2009
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.