Skip to content

FTH

In bankruptcy Public limited companyfounded 2009Visserijstraat 83, 1170 Watermael-BoitsfortKBO/BCE: BE 0809.778.071 subsidiary of MT²F Real Estate
FTH
Follow Report

Overview

Information for creditors

Enterprise Court of Walloon Brabant · Official Gazette of 19-03-2021
Appeal or third-party opposition 03-04-2021Filing the claim in RegSol 14-04-2021First verification report 26-04-2021Late claim 15-03-2022

Trustee: Marc-Alain Speidel. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

11 annual accounts with figures on one time axis
peak €208,138 (2018)
€149,764▲ 88.2%
lowest -€92,284 (2016)
€53,779▲ €104,993
peak €1.9m (2020)
€1.9m▲ 3.0%
€3.0m▲ 53.3%
peak 2.9 FTE (2016)
-not published
Owners10 names in the annual accountsall names
50%François Thys and 9 others
Documentsfilings and deeds
29-01-20212 days before the deadline
2020financial year
Gross margin from €79,567 to €149,764Back to profit: €53,779Debts from €1.9m to €3.0mCash from €8,931 to €4,263

Key points

from the 2020 annual accounts, the last ones filed

Filings

11 annual accounts since 2010
deadline201020152020

Two of the last ten came late. The 2012 accounts came latest: 29 days after the end of the period.

No score

Board and ownership

  • 3-Tech consolidatesannual accounts 30-06-2020
  • Auvi Communication consolidatesannual accounts 30-06-2020
  • GEO GREEN consolidatesscore 64equity €89,805 (2025) · annual accounts 30-06-2020
and 7 other shareholdersBoard & ownership

Recent changes

Supervising judge replaced Enterprise Court of Walloon Brabant · judgment of 05-06-2023 · Bankruptcy
FinStrat at this address Establishment
Reorganisation ended early Enterprise Court of Walloon Brabant · judgment of 15-03-2021 · Judicial reorganisation
Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 15-03-2021 · Bankruptcy
All 26 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 15-03-2021
Activity
Activities of holding companiesNACE 64210and 3 others
Establishment unit
2.208.602.8961170 Watermael-Boitsfort, since 12-02-2009
Financial year end
30 June
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 30-06-2020

€53,779
€1.9m▲ 3.0%
€4.8m▲ 29.0%
Filing
Filed on 29-01-2021
Financials

Companies linked to FTH

Insights on FTH

On 15 March 2021 the court declared FTH bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2020

full format, filed on 29-01-2021, 2 days before the deadline
€1.9m
▲ 3.0%
€4.8m
▲ 29.0%
€53,779
▲ €104,993
38.5%
▼ 9.7 percentage points
2.9%
▲ 5.7 percentage points
1.1%
▲ 2.5 percentage points

The turnover shown is an estimate from the gross margin.

Money flows

no detail for 2020

Balance sheet

balance sheet total €4.8m on 30-06-2020
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

38.5%

Higher than 35% of 2,066 companies in 2020.

1.1%

Higher than 47% of 2,069 companies in 2020.

FTH Middle half of the sector 80% of the sector Full accounts in financial services (NACE 64)

Net result: middle half · Equity: middle half · Balance sheet total: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20202019201820172016201520142013201220112010
Balance sheet: assets
20/58 4.8m3.7m4.1m3.9m3.0m3.1m3.2m2.2m1.7m1.8m1.7m
21/28 2.8m2.8m1.9m1.4m1.5m1.4m1.7m583,3721.6m1.6m1.6m
21 ----100,0861,0242,047----
22/27 208,460240,359570,2611.0m1.1m1.1m1.0m103,2721,263906536
22 81,43984,48587,530894,890923,174949,101991,182102,502---
23 17,76919,11220,455121,686136,771132,72938,601----
24 --2817,5473,5054,8466,6267701,263906536
26 58,11560,05862,0009,5009,5009,500-----
28 2.5m2.5m1.3m330,235316,296256,296631,171480,1001.6m1.6m1.6m
29/58 2.1m947,6512.2m2.6m1.5m1.8m1.5m1.6m126,784164,89988,864
3 ----122,855------
30/36 ----122,855------
40/41 2.1m938,7202.1m2.5m1.3m1.0m712,839143,32454,81482,80738,992
40 489,09214,96733,173219,38469,553197,018109,690-13,20022,59338,625
41 1.6m923,7532.1m2.2m1.2m812,496603,149143,32441,61460,214367
50/53 -----291,678345,006401,20560,00069,0009,000
54/58 4,2638,93180,73391330,174416,863425,2411.0m6,2489,73440,872
490/1 --133114,59667,12334,3668,1584,7635,7223,358-
Balance sheet: equity and liabilities
10/49 4.8m3.7m4.1m3.9m3.0m3.1m3.2m2.2m1.7m1.8m1.7m
10/15 1.9m1.8m1.9m1.8m1.6m1.7m1.4m1.6m824,297602,957448,213
10/11 434,100434,100434,100434,100434,100434,100434,100250,000250,000250,000250,000
100 434,100434,100434,100434,100434,100434,100434,100250,000250,000250,000250,000
13 215,910215,910215,910215,910215,910215,910215,910197,500197,500122,50047,500
130 43,41043,41043,41043,41043,41043,41043,41025,00025,00025,00025,000
132 --------150,00097,50022,500
133 172,500172,500172,500172,500172,500172,500172,500172,50022,500--
14 1.2m1.1m1.2m1.1m922,7181.0m766,9751.1m376,797230,457150,713
17/49 3.0m1.9m2.3m2.1m1.4m1.4m1.7m580,908903,8491.2m1.2m
17 2.3m1.8m1.8m1.7m1.1m1.0m415,562442,740711,570867,6531.0m
170/4 108,965156,469203,471759,232829,765901,473315,562442,740711,570867,6531.0m
178/9 2.2m1.6m1.6m950,000260,000100,000100,000----
42/48 621,062173,674470,886433,557308,918439,4331.3m138,169188,757293,846216,506
42 51,31647,18254,940199,291196,614307,1631.3m126,260150,000150,000150,000
44 230,95813,343294,771140,25856,82017,15326,3154,9701,69810,26021,449
440/4 230,95813,343294,771140,25856,82017,15326,3154,9701,69810,26021,449
45 137,35132,67829,1754,95158011,52723,0736,9397,4773,84426,267
450/3 137,35132,67829,1754,9515807,45522,9756,9397,4773,84426,267
454/9 -----4,07298----
47/48 201,43880,47291,99989,05854,904103,59012,478-29,582129,74218,791
492/3 --------3,5221,4491,618
Income statement
70 --------230,000127,800189,600
76A -----170,000-780,000---
9900 149,76479,567208,138171,759141,500139,0599,82682,595156,65669,096141,794
60/61 --------81,31060,99649,393
62 ---100,680153,417123,6393,57317,9457,300--
630 31,89932,18031,71048,46443,04058,0068,5786,0709647775,574
631/4 --12,705--------
640/8 -12,57211,20958,10113,0974,1872,8275,36510,008568977
66A ---1,30638525568351,1217,40950720
9901 117,86534,815152,513-36,792-68,053-46,772-5,15253,215138,38467,752135,243
75/76B 29,0450-297,21034,531174,235102,8203,622137,140136,082151,198
75 29,0450-297,21034,531174,235102,8203,622137,140136,082151,198
65/66B 92,37486,08191,68132,85757,49548,38834,50132,48546,43249,04065,546
65 92,37486,08191,68132,85757,49548,38834,50132,48546,43249,04065,546
9903 54,536-51,26660,832227,562-91,401248,82162,484753,231221,684154,744220,175
67/77 757-529,3967618827955527,575343-21,962
9904 53,779-51,21451,436226,801-92,284248,02661,932745,656221,340154,744198,213
689 --------75,00075,00022,500
9905 53,779-51,21451,436226,801-92,284248,02661,932745,656146,34079,744175,713
Appropriation of the result
9906 1.2m1.1m1.2m1.1m922,7181.0m1.2m1.1m376,797230,457175,713
691/2 ------18,410---25,000
6920 ------18,410---25,000
694/7 ------399,000----
694 ------399,000----
Social balance sheet
9087 ---1.12.92.50.10.30.2--
Hours worked1013 ---1,9885,3714,476144519273--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

Source: Annual accounts 2020 (PDF), filed on 29-01-2021.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2020 full format 29-01-2021 2021-03800100 PDF
30-06-2019 full format 29-01-2020 2020-02600432 PDF
30-06-2018 full format 31-01-2019 2019-03500183 PDF
30-06-2017 full format 31-01-2018 2018-03400520 PDF
30-06-2016 full format 27-01-2017 2017-02300507 PDF
31-07-2015 full format 29-02-2016 2016-05300070 PDF
31-07-2014 full format 20-03-2015 2015-06700040 PDF
31-07-2013 full format 27-02-2014 2014-05300493 PDF
31-07-2012 full format 29-03-2013 2013-07500039 PDF
31-07-2011 full format 14-02-2012 2012-03700489 PDF
31-07-2010 full format 16-12-2010 2010-63500143 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20202019201820172016201520142013201220112010
01.7m1.5m24,062178,876238,9671.1m108,0801,3211,1961.6m
-4,668-71,80279,819-29,261-386,689-8,378-592,9571.0m-3,486-31,138-
--------60.2%53.0%71.3%
38.5%48.2%45.0%45.6%52.9%53.6%44.8%73.0%47.7%34.1%26.5%
2.9%-2.8%2.8%12.6%-5.9%14.9%4.4%47.5%26.9%25.7%44.2%
1.1%-1.4%1.3%5.8%-3.1%8.0%2.0%34.7%12.8%8.8%11.7%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on FTH

The operating result for 2020 is 3.4 times that of 2019. It is a recovery after the fall in 2019.

Debt's share of the balance-sheet total rises from 51.8% to 61.5%. Equity and debt are higher.

Board & ownership

Curator

the curator has managed the company since 15-03-2021
Marc-Alain Speidel
Curator, Chaussee De Louvain 523, 1380 Lasne
Also on 100 other cases

Control

Consolidating parent
MT²F Real Estate
consolidates
This company
FTH
Equity €1.9m
Profit €53,779 in 2020

Further up the chainT2H consolidatesGEO GREEN consolidates3-Tech consolidatesTMS consolidatesAuvi Communication consolidatesSED consolidatesSMART ENERGY consolidates

and 9 other shareholders

Capital

Capital
€434,100
Source
2020 annual accounts

Owners through the years

as the annual accounts name them
François Thys
natural person
50%
50%
Tanguy Massange
natural person
50%
50%
3-TECH
consolidates
consolidates
AUVI COMMUNICATIONS
consolidates
consolidates
BUILDONE
consolidates
consolidates
GEO GREEN
consolidates
consolidates
MTF REAL ESTATE
consolidates
consolidates
SMART ENERGY
consolidates
consolidates
SMART ENERGY DISTRIBUTION
consolidates
consolidates
TECHNICAL MAINTENANCE SERVICE
consolidates
consolidates
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts

Shareholders

10 owners

Owners 10

Office holders in the KBO →

Network & group

Holdings

own accounts to 30-06-2020, the bar shows equity in euros
This companyFTH7 holdings, 1 country accounts to 30-06-2020

Belgium 7 Year Equity Result

  • BE BUILDONE69.23%open bankruptcy 2019€3.2m result €67,821 (2019)
  • BE TMSvia 99.98% 2025€1.9m result €566,763 (2025)
  • BE GEO GREEN30% 2025€89,805 result -€64,559 (2025)
  • BE SEDvia 99.98%bankrupt 2019€54,577 result €8,917 (2019)
  • BE 3-Techvia 100%no longer active 2021€208 result -€181,193 (2021)
  • BE MT²F REAL ESTATE99%bankrupt 2019-€283,883 result -€69,800 (2019)
  • BE AUVI COMMUNICATIONSvia 100%bankrupt 2019-€854,759 result -€966,201 (2019)

Source: list of holdings in its own 30-06-2020 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Parent

MT²F Real Estate
0548.995.353
bankrupt on 14-06-2021

At the same address

Visserijstraat 83, 1170 Watermael-Boitsfort · 1 other company
FinStrat
establishment since 25-05-2022 · founded in 2022
 total assets €168,905 (2025)
0786.589.331

Holdings through the years

2010 to 2020
Holdings through the years
Name20102011201220132014201520162017201820192020
3-TECH via 100%
AUVI COMMUNICATIONS via 100%
SMART ENERGY DISTRIBUTION via 99.98%
TECHNICAL MAINTENANCE SERVICE via 99.98%
MTF REAL ESTATE 100%99%
BUILDONE 50%99%69.23%
GEO GREEN 30%
COMPOSIL EUROPE 99.97%69.98%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of FTHFTH sits on their board1
SMART ENERGY
Director
Founded in 2018 · total assets €1.9m (2025)

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
FinStrat
via THYS François (permanent representative of FTH) · Permanent representative · deed of 21-02-2024
Founded in 2022 · total assets €168,905 (2025)
→

Timeline

Timeline

26 events since 2009
2023
Supervising judge replaced Enterprise Court of Walloon Brabant · judgment of 05-06-2023
2022
FinStrat at this address Establishment
2021
Reorganisation ended early Enterprise Court of Walloon Brabant · judgment of 15-03-2021
Bankruptcy published Enterprise Court of Walloon Brabant · judgment of 15-03-2021
Annual accounts 2020 filed PDFfull format · 2 days before the deadline
2020
Back to profit net €53,779 The net result is €53,779, after one loss-making year.
Annual accounts 2019 filed PDFfull format · 2 days before the deadline
2019
Annual accounts 2018 filed PDFfull format · on the deadline day
2018
Incorporation · Founder PDFFounding capital · Bank account
Annual accounts 2017 filed PDFfull format · on the deadline day
2017
Back to profit net €226,801 The net result is €226,801, after one loss-making year.
Annual accounts 2016 filed PDFfull format · 4 days before the deadline
2016
Weakest financial year net -€92,284 The net result drops to -€92,284, the lowest from 2010 to 2020.
Annual accounts 2015 filed PDFfull format · on the deadline day
2015
Liquidity more than triples current ratio 3.99 The current ratio rises from 1.12 to 3.99. Short-term debt falls from €1.3m to €439,433.
Annual accounts 2014 filed PDFfull format · 20 days late
2014
Annual accounts 2013 filed PDFfull format · 1 day before the deadline
2013
Highest result from 2010 to 2020 net €745,656 ▲237% The net result of €745,656 is the highest of those years.
Liquidity more than 16 times current ratio 11.34 The current ratio rises from 0.67 to 11.34. Short-term debt falls from €188,757 to €138,169.
Equity above €1m equity €1.6m ▲90.5% With a profit in every financial year since 2010, equity grows to €1.6m.
Annual accounts 2012 filed PDFfull format · 29 days late
2012
Annual accounts 2011 filed PDFfull format · 15 days before the deadline
2011
Equity above €500,000 equity €602,957 ▲34.5% With a profit in every financial year since 2010, equity grows to €602,957.
2010
Annual accounts 2010 filed PDFfull format · 74 days before the deadline
2009
Incorporation PDF10 publications in the Belgian Official Gazette, the last on 21-12-2018 · published on 16-02-2009
First establishment Composil Europe, Visserijstraat 83, Watermael-Boitsfort

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FTH was incorporated on 12 February 2009.1 The company has filed 11 sets of annual accounts, the latest for financial year 2020.2 On 15 March 2021 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2020
  3. 3Belgian Official Gazette, 19-03-2021

Company details

Identity

Enterprise number
0809.778.071
VAT number
BE 0809.778.071
Legal form
Public limited company
Status
In bankruptcy, since 15-03-2021
Founded
12-02-2009
Financial year
ends on 30 June
Peppol
Not found in the Peppol Directory
Name
FTH in French
Entity type
Legal entity

Activities

NACEBEL 2025
64210 Activities of holding companies main activity
70200 Business and other management consultancy
82100 Office administrative and support services
82990 Other business support services
Codes under NACEBEL 2008
64200 Holdings main activity
70220 Business consulting
82110 Office administrative, office support and other business support activities
82990 Other business support services

Registered office and establishments

1 establishment
Establishment Since Unit number
Composil Europe registered office Visserijstraat 83, 1170 Watermael-Boitsfort 12-02-2009 2.208.602.896

Buildings and parcels at the address

Ground area
1.2 ha
Buildings
658 m²
Volume, LiDAR
15,336 m³
Tallest building
27.0 m
Buildings to scale, each on its own parcel
658 m², 26.9 m 658 m², 26.9 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21017D0205/00G0001.2 ha 1 · 658 m² 26.9 m · 8

We would like to set cookies. That happens only with your consent. What we measure