FUN WEST
Open bankruptcySummary
A bankruptcy procedure is open for FUN WEST according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-1.37M) and a net result of €13k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 filingsDeviation 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 →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Turnover
€1.12M▲ 58.1%
2020 · €708k
2018: €965k
2019: €928k
2020: €708k
2018 → 2021
EBIT margin
3.8%▲ 36.9pp
2020 · -33.0%
2018: -22.5%
2019: -30.1%
2020: -33.0%
2018 → 2021
Net result
€13k▼ 43.1%
2021 · €24k
2018: €-221k
2019: €-285k
2020: €-242k
2021: €24k
2018 → 2022
Working capital
€-361k▲ 74.0%
2021 · €-1.38M
2018: €-873k
2019: €-1.15M
2020: €-1.38M
2021: €-1.38M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€965k-€928k▼ 3.9%€708k▼ 23.6%€1.12M▲ 58.1%
Equity€-881k-€-1.17M▼ 32.3%€-1.41M▼ 20.7%€-1.38M▲ 1.7%€-1.37M▲ 1.0%
Operating result€-217k-€-279k▼ 28.8%€-234k▲ 16.2%€43k€43k▼ 0.7%
Net result€-221k-€-285k▼ 28.8%€-242k▲ 15.1%€24k€13k▼ 43.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 1% below 2021.
Key figures and ratios
Current ratio
0.05
Debt to equity
-1.01
ROA
70.6%
Debt
€1.39M▲
2021 · €1.39M
Debt ≤ 1 year
€380k▼
2021 · €1.39M
Debt > 1 year
€1.01M
Income taxes
€775▲
2021 · €740
Staff costs
€987k▲
2021 · €941k
A ratio outside any meaningful range has been withheld (balance sheet total €19k, equity €-1.37M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 43 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1k€19k▲
Current assets29/58€1k€19k▲
Amounts receivable within one year40/41€172€17k▲
Trade receivables40-€17k
Other amounts receivable41€172-
Cash at bank and in hand54/58€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1k€19k▲
Equity10/15€-1.38M€-1.37M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-1.45M€-1.44M▲
Amounts payable17/49€1.39M€1.39M▲
Amounts payable after more than one year17-€1.01M
Trade debts175-€1.01M
Amounts payable within one year42/48€1.39M€380k▼
Trade debts44€1.08M€20k▼
Suppliers440/4€1.08M€20k▼
Taxes, remuneration and social security45€179k€204k▲
Taxes450/3€49k€61k▲
Remuneration and social security454/9€131k€143k▲
Other amounts payable47/48€127k€155k▲
Income statement
Code20212022
Turnover70€1.12M-
Non-recurring operating income76A€11k-
Goods, raw materials, services and sundry goods60/61€192k-
Remuneration, social security and pensions62€941k€987k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€987k€1.03M▲
Operating profit (loss)9901€43k€43k▼
Financial income75/76B€25€2k▲
Recurring financial income75€25€2k▲
Financial charges65/66B€19k€31k▲
Recurring financial charges65€19k€31k▲
Profit (loss) for the period before taxes9903€24k€14k▼
Income taxes67/77€740€775▲
Profit (loss) for the period9904€24k€13k▼
Profit (loss) for the period to be appropriated9905€24k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.45M€-1.44M▲
Profit (loss) brought forward from the previous period14P€-1.48M€-1.45M▲
Social balance
Average headcount (FTE)908725.024.4▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · FUN WEST NV KONING ALBERT I-LAAN 244, 8200 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 €24k
Net result €24k 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
31-12
Financial
Weakest financial yearnet €-285k
Net result drops to €-285k, the lowest in the series.
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.
Directors · office · real estate
Directors
12 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 · 5 establishment units since 2006
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.
Koning Albert I-laan 2448200 BruggeGround area
3.1 ha
Building footprint
8,651 m²
Volume, LiDAR
22,494 m³
6 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
5 establishment units
Fun West
since 20062.151.070.317
Fun West
since 20062.151.070.515
Fun West
since 20062.151.070.812
Fun West
since 20062.151.071.109
FUN OUDENAARDE
since 20102.187.431.756
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0902/00R000 | Flanders | 1.5 ha | 1 · 825 m² | - |
| 44062B0009/00C003 | Flanders | 5,214 m² | 1 · 2,566 m² | - |
| 41018B0159/00N000 | Flanders | 4,739 m² | 1 · 2,548 m² | 10.1 m · 2 fl. |
| 31030A0675/04N000 | Flanders | 4,199 m² | 1 · 1,545 m² | - |
| 33011D0182/00N000 | Flanders | 1,272 m² | 1 · 1,082 m² | 6.3 m · 2 fl. |
| 45502A0463/00C000indicative | Flanders | 414 m² | 1 · 86 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
5 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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 |
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Of 2,102 companies in sector 47640 we hold annual accounts for 906. 277 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-12-2002
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
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.