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FUN ANTWERPEN

Open bankruptcy
Public limited companyfounded 2003Koning Albert I-laan 244, 8200 Brugge, BelgiumKBO/BCE: BE 0861.310.114
Summary

A bankruptcy procedure is open for FUN ANTWERPEN according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (-€513,169) and a net result of €135,776.

FUN ANTWERPENOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Bruges division
Declared bankrupt
16 February 2024
Official Gazette
21-02-2024 (pdf) ↗search the document for 2024/107046

Deadlines

Provisional date payments stopped
16 February 2024A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 7 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 17 March 2024art. XX.104 and XX.155 CEL
First verification report
passed on 26 March 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 16 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curators

  • Rik CrivitsEzelstraat 25, 8000 Bruggerik.crivits@crivits-persyn.be
  • Astrid LescouhierEzel- Straat 25, 8000 Bruggeastrid.lescouhier@crivits-persyn.be
  • Jens VrebosEzelstraat 25, 8000 Bruggejens.vrebos@crivitspersyn.be

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.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

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.Creditor guide for this company

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Signals

Three 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
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-07-2023, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
7 d early
2021
17 d early
2020
24 d early
2019
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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

FUN ANTWERPEN was incorporated on 27 October 2003.1 Revenue grew from EUR 1.1 million in 2018 to EUR 1.5 million in 2021 and headcount from 35.4 full-time equivalents in 2018 to 29 in 2022.2 On 16 February 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2022
  3. 3Belgian State Gazette, 21-02-2024

Go further with this company

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

Financials · fiscal year 2022, abbreviated schema

Turnover
€1.5m▲ 71.0%
2020 · €902,093
EBIT margin
19.8%▲ 26.5pp
2020 · -6.6%
Net result
€135,776▼ 53.7%
2021 · €293,362
Working capital
-€312,672▲ 51.8%
2021 · -€648,945
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022
Turnover€1.1m-€1.1m▼ 1.5%€902,093▼ 18.3%€1.5m▲ 71.0%
Operating result-€158,489--€155,265▲ 2.0%-€59,789▲ 61.5%€306,069€145,089▼ 52.6%
Net result-€164,586--€162,188▲ 1.5%-€67,439below the sector's middle half▲ 58.4%€293,362above the sector's middle half€135,776above the sector's middle half▼ 53.7%
EBIT margin-14.1%--14.1%▲ 0.1pp-6.6%▲ 7.4pp19.8%▲ 26.5pp
Equity-€712,680--€874,868▼ 22.8%-€942,307below the sector's middle half▼ 7.7%-€648,945below the sector's middle half▲ 31.1%-€513,169below the sector's middle half▲ 20.9%
Total assets€45,285-€35,751▼ 21.1%€6,980below the sector's middle half▼ 80.5%€3,604below the sector's middle half▼ 48.4%€2,629below the sector's middle half▼ 27.1%
Debt€757,965-€910,619▲ 20.1%€949,287▲ 4.2%€652,549▼ 31.3%€515,798▼ 21.0%
Working capital-€702,930--€859,719▼ 22.3%-€919,551below the sector's middle half▼ 7.0%-€648,945below the sector's middle half▲ 29.4%-€312,672below the sector's middle half▲ 51.8%
Current ratio0.06-0.04▼ 0.020.01below the sector's middle half▼ 0.03
Return on assets (ROA)-363.4%--453.7%▼ 90.2pp-966.2%below the sector's middle half▼ 512.6pp
Staff (FTE)35.4-33.4▼ 5.6%28.2above the sector's middle half▼ 15.6%28.2above the sector's middle half=29above the sector's middle half▲ 2.8%
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.
Why a figure moved sharply
  • 2021 Turnover +71% on 2020. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2018: -€158,489-€158,489Net result 2018: -€164,586-€164,586Operating result 2019: -€155,265-€155,265Net result 2019: -€162,188-€162,188Operating result 2020: -€59,789-€59,789Net result 2020: -€67,439-€67,439Operating result 2021: €306,069€306,069Net result 2021: €293,362€293,362Operating result 2022: €145,089€145,089Net result 2022: €135,776€135,77620182019202020212022-€100,000€0€100,000€200,000€300,000Operating result 2020: -€59,789-€59,800Net result 2020: -€67,439-€67,400Operating result 2021: €306,069€306,000Net result 2021: €293,362€293,000Operating result 2022: €145,089€145,000Net result 2022: €135,776€136,000202020212022
The operating result falls in 2022; 2022 is 53% below 2021.
Key figures and ratios
2022 value · change against 2021
Debt ≤ 1 year
€315,301▼
2021 · €652,549
Debt > 1 year
€200,497
Income taxes
€700▲
2021 · €585
Staff costs
€1.2m▲
2021 · €1.1m
Ratios withheld: a balance sheet total of €2,629 is too small for a meaningful ratio.
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 · 2022 against 2021 · 40 lines
Balance sheet Code20212022
Assets
Total assets20/58€3,604€2,629▼
Current assets29/58€3,604€2,629▼
Amounts receivable within one year40/41€675-
Trade receivables40€0-
Other amounts receivable41€675-
Cash at bank and in hand54/58€2,929€2,629▼
Equity and liabilities
Total equity and liabilities10/49€3,604€2,629▼
Equity10/15-€648,945-€513,169▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Profit (loss) carried forward14-€710,445-€574,669▲
Amounts payable17/49€652,549€515,798▼
Amounts payable after more than one year17-€200,497
Trade debts175-€200,497
Amounts payable within one year42/48€652,549€315,301▼
Trade debts44€403,924€37,692▼
Suppliers440/4€403,924€37,692▼
Taxes, remuneration and social security45€232,186€254,060▲
Taxes450/3€65,521€84,009▲
Remuneration and social security454/9€166,665€170,051▲
Other amounts payable47/48€16,439€23,548▲
Income statement Code20212022
Turnover70€1.5m-
Non-recurring operating income76A€14,768-
Goods, raw materials, services and sundry goods60/61€209,300-
Remuneration, social security and pensions62€1.1m€1.2m▲
Other operating charges640/8€2,045€4,840▲
Gross operating margin9900€1.4m€1.3m▼
Operating profit (loss)9901€306,069€145,089▼
Financial income75/76B€717€1,382▲
Recurring financial income75€717€1,382▲
Financial charges65/66B€12,839€9,994▼
Recurring financial charges65€12,839€9,994▼
Profit (loss) for the period before taxes9903€293,947€136,476▼
Income taxes67/77€585€700▲
Profit (loss) for the period9904€293,362€135,776▼
Profit (loss) for the period to be appropriated9905€293,362€135,776▼
Appropriation of the result
Profit (loss) to be appropriated9906-€710,445-€574,669▲
Profit (loss) brought forward from the previous period14P-€1.0m-€710,445▲
Social balance
Average headcount (FTE)908728.229.0▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Turnover70€1.1m€1.1m€902,093€1.5m--
Non-recurring operating income76A---€14,768--
Goods, raw materials, services and sundry goods60/61---€209,300--
Remuneration, social security and pensions62---€1.1m€1.2m▲ 8.2%
Other operating charges640/8---€2,045€4,840▲ 137%
Gross operating margin9900---€1.4m€1.3m▼ 4.9%
Operating profit (loss)9901-€158,489-€155,265-€59,789€306,069€145,089▼ 52.6%
Financial income75/76B---€717€1,382▲ 92.7%
Recurring financial income75€151-€71€717€1,382▲ 92.7%
Financial charges65/66B---€12,839€9,994▼ 22.2%
Recurring financial charges65€5,634€6,514€7,316€12,839€9,994▼ 22.2%
Debt charges650€5,344€6,199€6,981---
Profit (loss) for the period before taxes9903-€163,972-€161,779-€67,034€293,947€136,476▼ 53.6%
Income taxes67/77€614€409€405€585€700▲ 19.7%
Profit (loss) for the period9904-€164,586-€162,188-€67,439€293,362€135,776▼ 53.7%
Profit (loss) for the period to be appropriated9905-€164,586-€162,188-€67,439€293,362€135,776▼ 53.7%
Line20182019202020212022Change
Assets
Total assets20/58€45,285€35,751€6,980€3,604€2,629▼ 27.1%
Current assets29/58€45,285€35,751€6,980€3,604€2,629▼ 27.1%
Amounts receivable within one year40/41€43,261€32,138€595€675--
Trade receivables40---€0--
Other amounts receivable41---€675--
Cash at bank and in hand54/58€2,024€2,702€5,831€2,929€2,629▼ 10.2%
Equity and liabilities
Total equity and liabilities10/49€45,285€35,751€6,980€3,604€2,629▼ 27.1%
Equity10/15-€712,680-€874,868-€942,307-€648,945-€513,169▲ 20.9%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10---€61,500€61,500=
Issued capital100---€61,500€61,500=
Profit (loss) carried forward14-€774,180-€936,368-€1.0m-€710,445-€574,669▲ 19.1%
Amounts payable17/49€757,965€910,619€949,287€652,549€515,798▼ 21.0%
Amounts payable after more than one year17----€200,497-
Trade debts175----€200,497-
Amounts payable within one year42/48€748,215€895,471€926,531€652,549€315,301▼ 51.7%
Trade debts44€564,506€698,633€773,326€403,924€37,692▼ 90.7%
Suppliers440/4---€403,924€37,692▼ 90.7%
Taxes, remuneration and social security45---€232,186€254,060▲ 9.4%
Taxes450/3---€65,521€84,009▲ 28.2%
Remuneration and social security454/9---€166,665€170,051▲ 2.0%
Other amounts payable47/48---€16,439€23,548▲ 43.2%
Line20182019202020212022Change
Profit (loss) for the period9904-€164,586-€162,188-€67,439€293,362€135,776▼ 53.7%
Operating cash flow (approximation)-€164,586-€162,188-€67,439€293,362€135,776▼ 53.7%
Change in cash-€678€3,129-€2,902-€300▲ 89.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
21-02
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 16-02-2024
2023
24-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €293,362
Net result €293,362 after 3 loss-making years.
07-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
21-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
24-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
28-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts

We know of 13 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
13 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, Brugge · 6 establishment units since 2006
seat establishment approximate All 6 establishment units on the map
Ground area
2.5 ha
Building footprint
1.3 ha
Volume, LiDAR
68,798 m³
7 parcels, Flanders · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
6 establishment units
Fun Antwerpen
Turnhoutsebaan 403, 2970 SchildeNACE 7450101
since 20062.151.072.394
Fun Antwerpen
Mechelsesteenweg 44, 2650 EdegemNACE 7450101
since 20062.151.072.592
Fun Antwerpen
Boomse Steenweg 86, 2627 SchelleNACE 7450101
since 20062.151.072.691
FUN LIER
Antwerpsesteenweg 366, 2500 LierAgents in non-specialised wholesale trade
since 20092.179.692.443
Fun Ninove
Brusselsesteenweg 248, 9400 NinoveAgents in non-specialised wholesale trade
since 20112.199.595.655
Fun Turnhout
Steenweg op Gierle 339, 2300 TurnhoutRetail trade
since 20142.233.764.696
7 parcels
Flanders 7 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12392A0312/00T000 Flanders 1.2 ha 1 · 4,716 m² 8.6 m · 2 fl.
31030A0675/04N000 Flanders 4,199 m² 1 · 1,545 m² -
11039A0551/00T000 Flanders 3,043 m² 1 · 1,429 m² 8.8 m · 2 fl.
11038C0288/00P000 Flanders 2,233 m² - -
11472B0163/00E003 Flanders 2,001 m² 1 · 2,001 m² -
13453O0904/00E010 Flanders 1,426 m² 1 · 2,913 m² 12.9 m · 4 fl.
41362B1240/00S005indicative Flanders 469 m² 1 · 178 m² 9.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
6 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

3 mandates
Role Name Tenure
Curator RIK CRIVITS
EZELSTRAAT 25, 8000 BRUGGE-
16-02-2024 → present
Curator ASTRID LESCOUHIER
EZEL- STRAAT 25, 8000 BRUGGE
16-02-2024 → present
Curator JENS VREBOS
EZELSTRAAT 25, 8000 BRUGGE-
16-02-2024 → present

Structure & network

Part of the group SOGESMA 15 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. GIFI DIFFUSION SASFR 70%
  2. SOGESMA 99.99%
  3. FUN BELGIUM 99.84%
  4. FUN ANTWERPEN

Highest known parent: GIFI DIFFUSION SAS (France). The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2022 list no holdings, and no other source names one.

According to the 2022 annual accounts of FUN ANTWERPEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ninove2.199.595.655
1 permission
Verkooppunt LM>3 maand · since 02-01-2020

Similar companies · same sector, comparable size

Of 2,102 companies in sector 47640 we hold annual accounts for 907. 619 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
Founded27-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47640Retail sale of games and toys
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 30 September 2026 · Peppol Directory

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