FURCEL
InactiveFURCEL was declared bankrupt on 14-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 18-02-2025, published in the Belgian State Gazette on 21-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-04-2022, 270 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
270 d late
2019
267 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€10k▼ 49.8%
2019 · €20k
2018: €20k
2019: €20k▲ +1.1% vs 2018highest in 3 years
2020: €10k▼ -49.8% vs 2019lowest in 3 years
2018 → 2020
Total assets
€53k▼ 5.2%
2019 · €55k
2018: €24klowest in 3 years
2019: €55k▲ +130% vs 2018highest in 3 years
2020: €53k▼ -5.2% vs 2019
2018 → 2020
Net result
€-10k
2019 · €16k
2018: €2k
2019: €16k▲ +748% vs 2018highest in 3 years
2020: €-10k▼ -162% vs 2019lowest in 3 years
2018 → 2020
Working capital
€10k▼ 49.8%
2019 · €20k
2018: €20k
2019: €20k▲ +1.1% vs 2018highest in 3 years
2020: €10k▼ -49.8% vs 2019lowest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€20k-€20k▲ 1.1%€10k▼ 49.8%
2018: €20k
2019: €20k▲ +1.1% vs 2018highest in 3 years
2020: €10k▼ -49.8% vs 2019lowest in 3 years
Operating result€-193-€17k€-12k
2018: €-193
2019: €17k▲ +8747% vs 2018highest in 3 years
2020: €-12k▼ -169% vs 2019lowest in 3 years
Net result€2k-€16k▲ 748%€-10k
2018: €2k
2019: €16k▲ +748% vs 2018highest in 3 years
2020: €-10k▼ -162% vs 2019lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €12k after €17k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €53k
Equity
€10k ▼ 49.8%
Debt
€42k ▲ 20.7%
Debt's share of the balance-sheet total rises from 63.3% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.24▼
2019 · 1.58
Quick ratio
1.03▼
2019 · 1.33
Debt to equity
4.15
ROE
-99.4%▼
2019 · 79.8%
ROA
-19.3%▼
2019 · 29.3%
Debt ≤ 1 year
€42k▲
2019 · €35k
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 · 2020 against 2019 · 35 lines
Balance sheet
Code20192020
Assets
Total assets20/58€55k€53k▼
Current assets29/58€55k€53k▼
Stocks and contracts in progress3€9k€9k=
Stocks30/36-€9k
Amounts receivable within one year40/41€31k€42k▲
Trade receivables40-€8k
Other amounts receivable41-€34k
Cash at bank and in hand54/58€16k€1k▼
Deferred charges and accrued income490/1-€77
Equity and liabilities
Total equity and liabilities10/49€55k€53k▼
Equity10/15€20k€10k▼
Contributions10/11€18k€18k=
Reserves13€107€107=
Non-distributable reserves130/1-€107
Reserves not available under the articles1311-€107
Profit (loss) carried forward14€2k€-8k▼
Amounts payable17/49€35k€42k▲
Amounts payable within one year42/48€35k€42k▲
Trade debts44€13k€4▼
Suppliers440/4-€4
Taxes, remuneration and social security45-€18k
Taxes450/3-€18k
Other amounts payable47/48-€24k
Income statement
Code20192020
Other operating charges640/8-€286
Gross operating margin9900€17k€-11k▼
Operating profit (loss)9901€17k€-12k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B-€404
Recurring financial charges65€450€404▼
Profit (loss) for the period before taxes9903€16k€-10k▼
Profit (loss) for the period9904€16k€-10k▼
Profit (loss) for the period to be appropriated9905€16k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-8k
Profit (loss) brought forward from the previous period14P-€2k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | - | €286 | - |
| Gross operating margin9900 | €897 | €17k | €-11k | ▼ 166% |
| Operating profit (loss)9901 | €-193 | €17k | €-12k | ▼ 169% |
| Financial income75/76B | - | - | €2k | - |
| Recurring financial income75 | €3k | - | €2k | - |
| Financial charges65/66B | - | - | €404 | - |
| Recurring financial charges65 | €249 | €450 | €404 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €3k | €16k | €-10k | ▼ 162% |
| Income taxes67/77 | €637 | - | - | - |
| Profit (loss) for the period9904 | €2k | €16k | €-10k | ▼ 162% |
| Profit (loss) for the period to be appropriated9905 | €2k | €16k | €-10k | ▼ 162% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €24k | €55k | €53k | ▼ 5.2% |
| Current assets29/58 | €24k | €55k | €53k | ▼ 5.2% |
| Stocks and contracts in progress3 | €9k | €9k | €9k | = |
| Stocks30/36 | - | - | €9k | - |
| Amounts receivable within one year40/41 | €14k | €31k | €42k | ▲ 38.0% |
| Trade receivables40 | - | - | €8k | - |
| Other amounts receivable41 | - | - | €34k | - |
| Cash at bank and in hand54/58 | €1k | €16k | €1k | ▼ 92.2% |
| Deferred charges and accrued income490/1 | - | - | €77 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €24k | €55k | €53k | ▼ 5.2% |
| Equity10/15 | €20k | €20k | €10k | ▼ 49.8% |
| Contributions10/11 | €18k | €18k | €18k | = |
| Reserves13 | €96 | €107 | €107 | = |
| Non-distributable reserves130/1 | - | - | €107 | - |
| Reserves not available under the articles1311 | - | - | €107 | - |
| Profit (loss) carried forward14 | €2k | €2k | €-8k | ▼ 498% |
| Amounts payable17/49 | €4k | €35k | €42k | ▲ 20.7% |
| Amounts payable within one year42/48 | €4k | €35k | €42k | ▲ 20.7% |
| Trade debts44 | €3k | €13k | €4 | ▼ 100.0% |
| Suppliers440/4 | - | - | €4 | - |
| Taxes, remuneration and social security45 | - | - | €18k | - |
| Taxes450/3 | - | - | €18k | - |
| Other amounts payable47/48 | - | - | €24k | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €16k | €-10k | ▼ 162% |
| Operating cash flow (approximation) | €2k | €16k | €-10k | ▼ 162% |
| Change in cash | - | €15k | €-15k | ▼ 200% |
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
2025
21-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-02-2025
2023
20-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-09-2023
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 270 days late
2021
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 267 days late
2020
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 370 days late
2019
31-12
Financial
Highest result since 2018net €16k ▲748%
Operating result €17k, net result €16k, both a record.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY WILKIN LANGE LOZANASTRAAT 262,
2018 ANTWERPEN 1 |
14-09-2023 → 18-02-2025 |