Losses
-€72,172 in four years
Every financial year from 2016 to 2019 closed with a loss. 2016 was the heaviest.
FUNNES
Overview
Lifetime
5 annual accounts with figures on one time axispeak €431,447 (2015)
€262,032▼ 8.1%
lowest -€26,434 (2016)
-€24,811▼ €17,418
peak €14,278 (2015)
-€57,894▼ €24,811
€192,980▲ 18.9%
peak 7.7 FTE (2016)
7.4 FTE▲ 4.2%
Documentsfilings and deeds
30-10-202091 days late
2019abbreviated format
Loss of €24,811Equity from -€33,083 to -€57,894Debts from €162,304 to €192,980Cash from €1,385 to €3,380
Key points
from the 2019 annual accounts, the last ones filedDebts
€192,980 143% of the balance sheet
Filings
5 annual accounts 1 late
The 2019 accounts came 91 days late. The other four were filed on time.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Antwerp, Antwerp division · judgment of 25-06-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Antwerp division · judgment of 24-12-2020 · Bankruptcy
Incorporation
Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 01-10-2014 · bankruptcy closed on 25-06-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2019
- €262,032▼ 8.1%
- ≈ €620,000estimated
- €24,811▲ 236%
- -€57,894▼ 75.0%
- €135,086▲ 4.5%
- 7.4 FTE▲ 4.2%
- Filing
- Filed on 30-10-2020
Insights on FUNNES
Equity fell from €14,278 in 2015 to -€57,894 in 2019, while debts rose from €128,520 to €192,980.
On 24 December 2020 the court declared FUNNES bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2019
abbreviated format, filed on 30-10-2020, 91 days late€262,032
▼ 8.1%
-€2,310
▼ €15,214
-€24,811
▼ €17,418
-€140,879
▼ €23,758
-42.9%
▼ 17.3 percentage points
0.27
▼ 0.01
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €620,000. Estimated: probably between €370,000 and €1.1m.
Balance sheet
balance sheet total €135,086 on 31-12-2019What the company ownsHow it is paid for
in euro
in euro
Staff
€34,855
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2019, 7 people joined and 8 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
135,086 | 129,221 | 129,945 | 137,219 | 142,798 | |
21/28 |
82,985 | 84,038 | 71,194 | 72,324 | 57,951 | |
22/27 |
3,944 | 9,893 | 17,090 | 25,281 | 32,950 | |
23 |
- | - | 330 | 919 | 602 | |
24 |
359 | 479 | - | - | - | |
26 |
3,584 | 4,864 | 6,145 | 7,681 | 9,601 | |
28 |
79,042 | 74,145 | 54,103 | 47,044 | 25,001 | |
29/58 |
52,100 | 45,183 | 58,752 | 64,895 | 84,847 | |
29 |
0 | 3,500 | 9,000 | 14,000 | - | |
291 |
0 | 3,500 | 9,000 | 14,000 | - | |
40/41 |
48,720 | 37,547 | 38,310 | 47,091 | 68,007 | |
40 |
48,720 | 37,547 | 38,310 | 37,861 | 43,119 | |
41 |
- | - | - | 9,230 | 24,888 | |
54/58 |
3,380 | 1,385 | 8,657 | 1,508 | 14,095 | |
490/1 |
0 | 2,750 | 2,784 | 2,296 | 2,745 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
135,086 | 129,221 | 129,945 | 137,219 | 142,798 | |
10/15 |
-57,894 | -33,083 | -25,690 | -12,156 | 14,278 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
14 |
-72,154 | -47,343 | -39,950 | -26,416 | 18 | |
17/49 |
192,980 | 162,304 | 155,636 | 149,375 | 128,520 | |
17 |
- | - | 5,325 | 15,379 | 25,175 | |
170/4 |
- | - | 5,325 | 15,379 | 25,175 | |
42/48 |
192,980 | 162,304 | 150,311 | 131,746 | 103,345 | |
42 |
0 | 5,325 | 15,054 | 14,797 | 18,027 | |
43 |
- | - | - | - | 2,401 | |
430/8 |
- | - | - | - | 2,401 | |
44 |
2,559 | 4,838 | 5,135 | 15,962 | 5,526 | |
440/4 |
2,559 | 4,838 | 5,135 | 15,962 | 5,526 | |
45 |
190,269 | 151,949 | 129,846 | 98,477 | 68,090 | |
450/3 |
108,501 | 50,577 | 38,293 | 38,104 | 25,617 | |
454/9 |
81,768 | 101,372 | 91,553 | 60,373 | 42,473 | |
47/48 |
151 | 192 | 276 | 2,511 | 9,300 | |
492/3 |
- | - | - | 2,251 | - | |
| Income statement | ||||||
76A |
371 | - | - | - | - | |
9900 |
262,032 | 285,006 | 296,826 | 290,796 | 431,447 | |
62 |
257,929 | 262,368 | 285,317 | 301,206 | 385,999 | |
630 |
1,400 | 7,796 | 8,190 | 8,660 | 11,213 | |
640/8 |
3,381 | 1,938 | 5,628 | 1,937 | 2,715 | |
66A |
1,632 | - | 2,291 | 3,666 | 4,619 | |
9901 |
-2,310 | 12,904 | -4,600 | -21,007 | 31,520 | |
75/76B |
268 | 1,861 | 1,446 | 88 | 172 | |
75 |
268 | 1,861 | 1,446 | 88 | 172 | |
65/66B |
22,542 | 21,938 | 10,133 | 5,416 | 1,800 | |
65 |
22,542 | 21,938 | 10,133 | 1,750 | 1,800 | |
66B |
- | - | - | 3,666 | - | |
9903 |
-24,584 | -7,173 | -13,287 | -26,335 | 25,273 | |
67/77 |
227 | 219 | 247 | 99 | 14,095 | |
9904 |
-24,811 | -7,393 | -13,534 | -26,434 | 11,178 | |
9905 |
-24,811 | -7,393 | -13,534 | -26,434 | 11,178 | |
| Appropriation of the result | ||||||
9906 |
-72,154 | -47,343 | -39,950 | -26,416 | 11,178 | |
691/2 |
- | - | - | - | 1,860 | |
6920 |
- | - | - | - | 1,860 | |
694/7 |
- | - | - | - | 9,300 | |
694 |
- | - | - | - | 9,300 | |
| Social balance sheet | ||||||
9087 |
7.4 | 7.1 | 7.4 | 7.7 | 7.4 | |
Hours worked1013 |
11,303 | 11,991 | 12,715 | 13,499 | 17,589 | |
| Document | ||||||
Source: Annual accounts 2019 (PDF), filed on 30-10-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank2019 annual accounts filed 91 days after the deadline. Filed on 30 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-64900558.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-64900558 | |
| 31-12-2018 | abbreviated format | 16-07-2019 | 2019-32800123 | |
| 31-12-2017 | abbreviated format | 22-06-2018 | 2018-21000208 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-21200264 | |
| 31-12-2015 | abbreviated format | 20-06-2016 | 2016-18800197 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| -910 | 20,700 | 3,590 | -12,347 | 42,733 | ||
| -23,411 | 404 | -5,344 | -17,774 | 22,390 | ||
| 347 | 20,640 | 7,060 | 23,034 | 69,163 | ||
| 1,995 | -7,272 | 7,149 | -12,587 | - | ||
| -140,879 | -117,121 | -91,560 | -66,851 | -18,497 | ||
| -42.9% | -25.6% | -19.8% | -8.9% | 10.0% | ||
| 0.27 | 0.28 | 0.39 | 0.49 | 0.82 | ||
| - | - | - | - | 9.00 | ||
| - | - | - | - | 78.3% | ||
| -18.4% | -5.7% | -10.4% | -19.3% | 7.8% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on FUNNES
The operating result for 2019 is a loss of €2,310, after a profit of €12,904 in 2018.
Equity is negative. Debt (€192,980) exceeds the balance-sheet total (€135,086).
Board & ownership
Curator
1 mandateCurator, Koninklijkelaan 60, 2600 Berchem (Antwerpen)
from 24-12-2020 to 25-06-2024
Also on 155 other cases
Control
Capital
- Capital
- €12,400
- Source
- 2019 annual accounts
Timeline
Timeline
9 events since 2014Filings
Financial
Insolvency
2014201620182020202220242026
2024
Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Antwerp division · judgment of 25-06-2024
2021
Bankruptcy published Enterprise Court of Antwerp, Antwerp division · judgment of 24-12-2020
2020
Annual accounts 2019 filed PDFabbreviated format · 91 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 15 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 39 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 34 days before the deadline
2016
Weakest financial year net -€26,434 The net result drops to -€26,434, the lowest from 2015 to 2019.
Annual accounts 2015 filed PDFabbreviated format · 41 days before the deadline
2014
Incorporation PDF
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
FUNNES is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Turnhoutsebaan 403, 2970 Schildeas published on 1 October 2014
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2015