FUN-PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of FUN-PROJECTS is 3.7% (moderate). The 2025 annual accounts show negative equity (-€82,697) and a net result of -€8,863. Equity is shrinking by ~50.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 3762 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.35 in 2024; short-term debt: 218% and cash: 53.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-556.8%
Return on assets
-59.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€82,697
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
25 d late
2024
27 d late
2023
26 d late
2022
29 d late
2021
27 d late
2020
31 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€82,697▼ 12.0%
2024 · -€73,834
Total assets
€14,852▼ 43.4%
2024 · €26,259
Net result
-€8,863▲ 51.5%
2024 · -€18,279
Working capital
-€24,342▼ 1.1%
2024 · -€24,066
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,019-€9,345▲ 53.3%-€24,406▼ 161%-€18,139▲ 25.7%-€6,896▲ 62.0%
Net result-€21,926below the sector's middle half-€9,429below the sector's middle half▲ 57.0%-€24,525below the sector's middle half▼ 160%-€18,279below the sector's middle half▲ 25.5%-€8,863below the sector's middle half▲ 51.5%
Equity-€21,601below the sector's middle half-€31,030below the sector's middle half▼ 43.7%-€55,555below the sector's middle half▼ 79.0%-€73,834below the sector's middle half▼ 32.9%-€82,697below the sector's middle half▼ 12.0%
Total assets€77,689within the sector's middle half▼ 21.2%€68,208within the sector's middle half▼ 12.2%€44,363below the sector's middle half▼ 35.0%€26,259below the sector's middle half▼ 40.8%€14,852below the sector's middle half▼ 43.4%
Debt€99,290▲ 1.1%€99,238▼ 0.1%€99,917▲ 0.7%€100,093▲ 0.2%€97,549▼ 2.5%
Working capital-€9,063within the sector's middle half▼ 18.6%-€13,776within the sector's middle half▼ 52.0%-€20,514within the sector's middle half▼ 48.9%-€24,066within the sector's middle half▼ 17.3%-€24,342within the sector's middle half▼ 1.1%
Solvency-27.8%below the sector's middle half▼ 28.1pp-45.5%below the sector's middle half▼ 17.7pp-125.2%below the sector's middle half▼ 79.7pp-281.2%below the sector's middle half▼ 155.9pp-556.8%below the sector's middle half▼ 275.6pp
Current ratio0.75within the sector's middle half▼ 0.040.62within the sector's middle half▼ 0.130.44below the sector's middle half▼ 0.180.35below the sector's middle half▼ 0.090.25below the sector's middle half▼ 0.10
Return on assets (ROA)-28.2%below the sector's middle half▼ 39.5pp-13.8%below the sector's middle half▲ 14.4pp-55.3%below the sector's middle half▼ 41.5pp-69.6%below the sector's middle half▼ 14.3pp-59.7%below the sector's middle half▲ 9.9pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,896 in 2025 against €18,139 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,852
Fixed assets
€6,823 ▼ 49.4%
Current assets
€8,029 ▼ 37.1%
Key figures and ratios
EBITDA
-€172▲
2024 · -€3,411
Cash flow
-€2,139▲
2024 · -€3,552
Debt to equity
-1.18▲
2024 · -1.36
Interest coverage
-0.09▲
2024 · -24.33
Debt ≤ 1 year
€32,371▼
2024 · €36,833
Debt > 1 year
€65,177▲
2024 · €63,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,644 | €20,461 | €21,955 | €14,728 | €6,724 | ▼ 54.3% |
| Other operating charges640/8 | €468 | €540 | €412 | €701 | €172 | ▼ 75.4% |
| Gross operating margin9900 | -€907 | €11,656 | -€2,038 | -€2,711 | - | - |
| Operating profit (loss)9901 | -€20,019 | -€9,345 | -€24,406 | -€18,139 | -€6,896 | ▲ 62.0% |
| Financial charges65/66B | €1,908 | €84 | €119 | €140 | €1,967 | ▲ 1,303% |
| Recurring financial charges65 | €1,908 | €84 | €119 | €140 | €1,967 | ▲ 1,303% |
| Profit (loss) for the period before taxes9903 | -€21,926 | -€9,429 | -€24,525 | -€18,279 | -€8,863 | ▲ 51.5% |
| Profit (loss) for the period9904 | -€21,926 | -€9,429 | -€24,525 | -€18,279 | -€8,863 | ▲ 51.5% |
| Profit (loss) for the period to be appropriated9905 | -€21,926 | -€9,429 | -€24,525 | -€18,279 | -€8,863 | ▲ 51.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,689 | €68,208 | €44,363 | €26,259 | €14,852 | ▼ 43.4% |
| Fixed assets21/28 | €50,722 | €46,007 | €28,220 | €13,492 | €6,823 | ▼ 49.4% |
| Tangible fixed assets22/27 | €50,722 | €46,007 | €28,220 | €13,492 | €6,823 | ▼ 49.4% |
| Plant, machinery and equipment23 | €45,454 | €38,729 | €19,956 | €8,082 | €3,105 | ▼ 61.6% |
| Furniture and vehicles24 | €5,268 | €7,278 | €8,264 | €5,411 | €3,718 | ▼ 31.3% |
| Current assets29/58 | €26,967 | €22,201 | €16,142 | €12,767 | €8,029 | ▼ 37.1% |
| Amounts receivable within one year40/41 | €516 | €25 | €25 | €25 | €25 | = |
| Other amounts receivable41 | €516 | €25 | €25 | €25 | €25 | = |
| Cash at bank and in hand54/58 | €26,451 | €22,176 | €16,117 | €12,742 | €8,004 | ▼ 37.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,689 | €68,208 | €44,363 | €26,259 | €14,852 | ▼ 43.4% |
| Equity10/15 | -€21,601 | -€31,030 | -€55,555 | -€73,834 | -€82,697 | ▼ 12.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€40,201 | -€49,630 | -€74,155 | -€92,434 | -€101,297 | ▼ 9.6% |
| Amounts payable17/49 | €99,290 | €99,238 | €99,917 | €100,093 | €97,549 | ▼ 2.5% |
| Amounts payable after more than one year17 | €63,260 | €63,260 | €63,260 | €63,260 | €65,177 | ▲ 3.0% |
| Financial debts170/4 | €63,260 | €63,260 | €63,260 | €63,260 | €65,177 | ▲ 3.0% |
| Amounts payable within one year42/48 | €36,029 | €35,977 | €36,657 | €36,833 | €32,371 | ▼ 12.1% |
| Trade debts44 | €35,078 | €34,420 | €35,100 | €33,728 | €29,267 | ▼ 13.2% |
| Suppliers440/4 | €35,078 | €34,420 | €35,100 | €33,728 | €29,267 | ▼ 13.2% |
| Other amounts payable47/48 | €951 | €1,557 | €1,557 | €3,104 | €3,104 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,926 | -€9,429 | -€24,525 | -€18,279 | -€8,863 | ▲ 51.5% |
| + Depreciation and write-downs630 | €18,644 | €20,461 | €21,955 | €14,728 | €6,724 | ▼ 54.3% |
| Operating cash flow (approximation) | -€3,282 | €11,032 | -€2,569 | -€3,552 | -€2,139 | ▲ 39.8% |
| Investment in fixed assets (approximation) | - | -€15,746 | -€4,169 | €0 | -€54 | - |
| Change in cash | - | -€4,275 | -€6,058 | -€3,376 | -€4,738 | ▼ 40.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €11,093
Net result €11,093 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 2018
Ground area
1,827 m²
Building footprint
178 m²
Volume, LiDAR
961 m³
Parcel 42019A0673/00P000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FUN-PROJECTS
since 20182.276.882.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42019A0673/00P000 | Flanders | 1,827 m² | 1 · 178 m² | 7.1 m · 2 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.
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 444 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56210Event catering
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697896984
Also
9925:BE0697896984
Registered
17-07-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.