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FUN CONCEPT

Active
Private limited company (pre-2019)·Goederenvervoer over de weg· 15 yrs active
Open bankruptcy
KBO/BCE: BE 0837.792.364
Watch Print / PDF
Age15 yrs
Real estate1 parcel · 9,293 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for FUN CONCEPT according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-9k) and a net result of €8k.

Based on the State Gazette, CBE and 4 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

1 events
11-10-2022
Bankruptcy Opening
Date: 04-10-2022 · Ondernemingsrechtbank Brussel · FUN CONCEPT BV LEUVENSE- STEENWEG 613, 1930 ZAVENTEM · 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.
How we compute the deadline
The year end is derived from 8 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 12-12-2022 134 d late 2022-20535334
31-12-2020 31-07-2021 25-03-2022 237 d late 2022-08500601
31-12-2019 31-07-2020 17-11-2020 109 d late 2020-71600048
31-12-2018 31-07-2019 28-08-2019 28 d late 2019-58500335
31-12-2017 31-07-2018 22-06-2018 39 d early 2018-22000292
31-12-2016 31-07-2017 22-08-2017 22 d late 2017-46100087
31-12-2014 31-07-2015 31-05-2016 305 d late 2016-14000482
31-12-2012 31-07-2013 26-08-2013 26 d late 2013-46000436

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

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€8k
Working capital€-5k
Directors1

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 12-12-2022 with the NBB · fiscal year 2021 · micro
€-40k€-20k€0€20kOperating result 2018: €17k€17kNet result 2018: €12k€12kOperating result 2019: €-26k€-26kNet result 2019: €-25k€-25kOperating result 2020: €-10k€-10kNet result 2020: €-36k€-36kOperating result 2021: €6k€6kNet result 2021: €8k€8k2018201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -9.3% 31.6%
better than 14% of 843 sector peers
Net result €8k €5k
better than 59% of 829 sector peers
Equity €-9k €18k
better than 10% of 844 sector peers
Gross operating margin €51k €22k
better than 70% of 828 sector peers
Staff costs €30k €33k
higher than 48% of 307 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€743
- 18-21
Net profit
€8k
- 18-21
Cash flow
€-24k
-333.5% 18-21
Total assets
€94k
+22.0% 18-21
Equity
€-9k
+49.1% 18-21
Working capital
€-5k
- 18-21
Employees (FTE)
1
+11.1% 18-21
Staff costs
€30k
- 18-21
Show 10 other metrics
Income taxes
€1k
+4564.5% 18-21
Debt
€103k
+9.0% 18-21
Debt ≤ 1y
€99k
+30.1% 18-21
Debt > 1y
€4k
-77.3% 18-21
Current ratio
0.95
-5.7% 18-21
Quick ratio
0.95
-5.7% 18-21
Solvency
-9.3%
+58.3% 18-21
Debt / equity
-11.76
-988.8% 18-21
ROE
-96.4%
- 18-21
ROA
9.0%
- 18-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA-
Net profit€8k
Cash flow-
Staff costs€30k
Income taxes€1k
Dividends-
Total assets€94k
Equity€-9k
Debt€103k
of which ≤ 1y€99k
of which > 1y€4k
Working capital€-5k
Employees (FTE)1.0
Ratios (computed)
2021
Current ratio0.95
Quick ratio0.95
Working capital ratio-4.8%
Solvency-9.3%
Debt / equity-11.76
Long-term debt ratio-0.48
Interest coverage-
Gross margin-
Net margin-
ROA9.0%
ROE-96.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€94k
Current assets 29/58€94k
Amounts receivable within one year 40/41€47k
Cash & bank 54/58€934
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€94k
Equity 10/15€-9k
Contributions / capital 10/11€1k
Reserves 13€18k
Accumulated profits (losses) 14€-27k
Amounts payable 17/49€103k
Amounts payable after one year 17€4k
Amounts payable within one year 42/48€99k
Trade debts payable within one year 44€19k
Income statement
Gross operating margin 9900€51k
Operating result 9901€6k
Financial income 75€1k
Financial charges 65€2k
Result before taxes 9903€10k
Income taxes 67/77€1k
Net result for the period 9904€8k
Result to be appropriated 9905€8k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

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

Directors

Directors & mandates

Not yet read from the acts

4 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 Johan MOMMAERTS
PEGASUSLAAN 5, 1831 DIEGEM-
 04-10-2022 → present Belgian State Gazette

Legal Structure

NACE primary Goederenvervoer over de weg(49410)
Legal form Private limited company (pre-2019)(015)
Incorporation05-07-2011
StatusActive
Postal code-
First BS signal 11-10-2022
Latest BS signal 11-10-2022

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.

Establishment units

1 location
Fun Concept
Overige grafische activiteiten n.e.g.
since 20112.204.431.797
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area9,293 m²
Buildings1
Building footprint1,756 m²
Volume (LiDAR)12,850 m³
Tallest building9.7 m · ±2 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.
23057B0004/00K000 Flanders 9,293 m² 1 · 1,756 m² 9.7 m · 2 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

1 event from the State Gazette
11-10-2022
Bankruptcy Opening
Date: 04-10-2022 · Ondernemingsrechtbank Brussel · FUN CONCEPT BV LEUVENSE- STEENWEG 613, 1930 ZAVENTEM · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-10-11 · Bankruptcy · Opening
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

Financial profile

5 of 5 axes measured
Health0Profitability0Solvency43Growth32Stability0
15 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 43
Growth 32
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, 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
We hold annual accounts for 2,211 of the 12,448 companies in this sector. 1,850 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Goederenvervoer over de weg49410Prepress- en premediadiensten18130Overige posterijen en koeriers53200Overige diensten op het gebied van informatietechnologie en computer62900Activiteiten van grafische designers74103Grafisch ontwerp en visuele communicatie74120
Primary activity highlighted.
Names & trade names
Legal nameFR FUN CONCEPT
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.