Active BE 0765.204.789Public limited companyOpen bankruptcy

Fuel Cell Power

Nijverheidsstraat 13 ·2260 Westerlo, Belgium· 5 yrs active

Sector: Architecture & engineering (71209)

Conclusion Checked

A bankruptcy procedure is open for Fuel Cell Power according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €3.79M and a net result of €-455k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€3.79M
Net result	€-455k
Staff (FTE)	1.4
Better than sector	95%

Snowflake analysis 4 of 5 axes measured · computed by Checked

25 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0

Profitability 0

Solvency 100

Growth -

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

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.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

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.

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 05-07-2022 with the NBB · fiscal year 2021 · verkort

Sector comparison

Fiscal year 2021 · NACE 71, Architecture & engineering · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	97.3%	29.3%	better than 95% of 120 sector peers
Net result	€-455k	€9k	better than 5% of 119 sector peers
Equity	€3.79M	€68k	better than 95% of 120 sector peers
Gross operating margin	€-351k	€56k	better than 5% of 120 sector peers
Staff costs	€68k	€169k	higher than 30% of 49 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	-
EBITDA	€-421k
Net profit	€-455k
Cash flow	€-427k
Staff costs	€68k
Income taxes	-
Dividends	-
Total assets	€3.90M
Equity	€3.79M
Debt	€106k
of which ≤ 1y	€100k
of which > 1y	-
Working capital	€3.00M
Employees (FTE)	1.4

Ratios (computed)

	2021
Current ratio	30.85
Quick ratio	30.85
Working capital ratio	76.8%
Solvency	97.3%
Debt / equity	0.03
Long-term debt ratio	-
Interest coverage	-70.12
Gross margin	-
Net margin	-
ROA	-11.7%
ROE	-12.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €797k · 20.5% Current assets €3.10M · 79.5%

Equity & liabilities

Equity €3.79M · 97.3% Debt €106k · 2.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.90M
Fixed assets	21/28	€797k
Formation expenses	20	€6k
Intangible fixed assets	21	€666k
Tangible fixed assets	22/27	€110k
Financial fixed assets	28	€22k
Current assets	29/58	€3.10M
Amounts receivable within one year	40/41	€195k
Cash & bank	54/58	€2.90M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.90M
Equity	10/15	€3.79M
Contributions / capital	10/11	€4.25M
Accumulated profits (losses)	14	€-455k
Amounts payable	17/49	€106k
Amounts payable within one year	42/48	€100k
Trade debts payable within one year	44	€90k
Income statement
Gross operating margin	9900	€-351k
Operating result	9901	€-449k
Financial income	75	€25
Financial charges	65	€6k
Result before taxes	9903	€-455k
Net result for the period	9904	€-455k
Result to be appropriated	9905	€-455k

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Axxentis BVLegal entity
Director
State Gazette act 22045968 (11-04-2022)

Current
29-03-2022 → present

Former directors (1)

Axxentís BVLegal entity
Director
State Gazette act 23019788 (09-02-2023)

Former
- → 19-01-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	PAUL VAN ROMPAEY ZANDBERG 19, 2260 WESTERLO-	28-03-2023 → present	Belgian State Gazette
Curator	NIELS FEYTONS ZANDBERG 19, 2260 WESTERLO	28-03-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Architecture & engineering(71209)
Legal form	Public limited company(014)
Incorporation	15-03-2021
Status	Active
Postal code	2260
First BS signal	03-04-2023
Latest BS signal	03-04-2023

Company structure, linked entities2 linked entities

Mandates

Establishment units 2 locations

Fuel Cell Power

Nijverheidsstraat 13, 2260 WesterloManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 20212.314.994.278

Bell-Telephonelaan 2, 2440 Geel

Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

since 20212.319.795.679

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13375M0234/00L002	Flanders	5.8 ha	1 · 2.3 ha	-
13028B0138/00V000	Flanders	2.4 ha	1 · 1,680 m²	30.0 m · 8 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

03-04-2023

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · FUEL CELL POWER NV NIJVERHEIDSSTRAAT 13, 2260 WESTERLO · event 28-03-2023

09-02-2023

State Gazette act Director changes

correction

2022

05-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

11-04-2022

State Gazette act Director changes

Lifecycle & Insolvency Signals 1 events

03-04-2023

Bankruptcy Opening

Date: 28-03-2023 · Ondernemingsrechtbank Antwerpen, afdeling Turnhout · FUEL CELL POWER NV NIJVERHEIDSSTRAAT 13, 2260 WESTERLO · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 3 years ago

2023

09-02-2023 Axxentís BV resigns as director Director changescorrection

Axxentís BV, Bestuurder

Original publication ↗

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2022

11-04-2022 6 directors appointed Director changes

Axxentis BV, Bestuurder
Geert Hayen, Dagelijks bestuur
Arne Vanhees, Dagelijks bestuur
Amber Rogiers, Dagelijks bestuur
Luc Jong, Dagelijks bestuur
Mr. Pieter Van den Broeck, Dagelijks bestuur

Original publication ↗

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Overige technische testen en toetsen71209Overige technische testen en toetsen71209

Primary activity highlighted.

Names & trade names

Legal nameNL	Fuel Cell Power
AbbreviationNL	FCP

Registered office

Nijverheidsstraat 13

2260 Westerlo, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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