GROUP FDG
Open bankruptcyA bankruptcy procedure is open for GROUP FDG according to publications in the Belgian State Gazette; curator: THIERRY BINDELLE.
Summary
The 2020 annual accounts show equity of €20k and a net result of €4k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
€237k▲ 34.6%
2019 · €176k
EBIT margin
3.6%▲ 0.3pp
2019 · 3.3%
Net result
€4k▼ 1.4%
2019 · €4k
Working capital
€32k▲ 222%
2019 · €10k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Turnover€176k-€237k▲ 34.6%
Operating result€6k-€9k▲ 46.8%
Net result€4k-€4k▼ 1.4%
EBIT margin3.3%-3.6%▲ 0.3pp
Equity€16k-€20k▲ 23.2%
Total assets€69k-€224k▲ 224%
Debt€53k-€204k▲ 285%
Working capital€10k-€32k▲ 222%
Result per fiscal year
Operating resultNet result
The operating result rises in 2020; 2020 is 47% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €224k
Fixed assets
€6k ▼ 10.6%
Current assets
€219k ▲ 247%
Equity and liabilities €224k
Equity
€20k ▲ 23.2%
Debt
€204k ▲ 285%
Debt's share of the balance-sheet total rises from 76.6% to 91.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▲
2019 · €8k
Cash flow
€6k▲
2019 · €6k
Current ratio
1.17▼
2019 · 1.19
Quick ratio
0.74▲
2019 · 0.06
Debt to equity
10.23
ROE
18.9%▼
2019 · 23.6%
ROA
1.7%▼
2019 · 5.5%
Interest coverage
4.56
Debt ≤ 1 year
€187k▲
2019 · €53k
Debt > 1 year
€7k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €176k | €237k | ▲ 34.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €226k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | ▲ 13.4% |
| Other operating charges640/8 | - | €65 | - |
| Non-recurring operating charges66A | - | €82 | - |
| Gross operating margin9900 | €8k | €11k | ▲ 32.0% |
| Operating profit (loss)9901 | €6k | €9k | ▲ 46.8% |
| Financial income75/76B | - | €21 | - |
| Recurring financial income75 | €278 | €21 | ▼ 92.4% |
| Financial charges65/66B | - | €2k | - |
| Recurring financial charges65 | €2k | €2k | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €4k | €6k | ▲ 63.3% |
| Income taxes67/77 | - | €2k | - |
| Profit (loss) for the period9904 | €4k | €4k | ▼ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €4k | €4k | ▼ 1.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €69k | €224k | ▲ 224% |
| Fixed assets21/28 | €6k | €6k | ▼ 10.6% |
| Tangible fixed assets22/27 | €4k | €3k | ▼ 16.7% |
| Furniture and vehicles24 | - | €3k | - |
| Financial fixed assets28 | €2k | €2k | = |
| Current assets29/58 | €63k | €219k | ▲ 247% |
| Stocks and contracts in progress3 | €60k | €81k | ▲ 35.5% |
| Stocks30/36 | - | €81k | - |
| Amounts receivable within one year40/41 | €2k | €128k | ▲ 7,632% |
| Trade receivables40 | - | €128k | - |
| Other amounts receivable41 | - | €68 | - |
| Cash at bank and in hand54/58 | €1k | €7k | ▲ 414% |
| Deferred charges and accrued income490/1 | - | €2k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €69k | €224k | ▲ 224% |
| Equity10/15 | €16k | €20k | ▲ 23.2% |
| Contributions10/11 | €12k | €12k | = |
| Capital10 | - | €12k | - |
| Issued capital100 | - | €19k | - |
| Uncalled capital101 | - | €6k | - |
| Profit (loss) carried forward14 | €4k | €8k | ▲ 98.6% |
| Amounts payable17/49 | €53k | €204k | ▲ 285% |
| Amounts payable after more than one year17 | - | €7k | - |
| Financial debts170/4 | - | €7k | - |
| Amounts payable within one year42/48 | €53k | €187k | ▲ 252% |
| Current portion of amounts payable after more than one year42 | - | €4k | - |
| Trade debts44 | €18k | €28k | ▲ 58.0% |
| Suppliers440/4 | - | €28k | - |
| Advances received on contracts in progress46 | - | €107k | - |
| Taxes, remuneration and social security45 | - | €39k | - |
| Taxes450/3 | - | €30k | - |
| Remuneration and social security454/9 | - | €8k | - |
| Other amounts payable47/48 | - | €9k | - |
| Accrued charges and deferred income492/3 | - | €10k | - |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €4k | ▼ 1.4% |
| + Depreciation and write-downs630 | €2k | €2k | ▲ 13.4% |
| Operating cash flow (approximation) | €6k | €6k | ▲ 3.7% |
| Investment in fixed assets (approximation) | - | €-2k | - |
| Change in cash | - | €6k | - |
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
2024
15-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 05-02-2024
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 292 days late
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 2 establishment units since 2018
Ground area
632 m²
Building footprint
527 m²
Volume, LiDAR
7,311 m³
3 parcels, Brussels · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
GROUP FDG
since 20182.279.816.932
Establishment
since 20202.309.529.814
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0204/00E035 | Brussels | 280 m² | 1 · 228 m² | 23.0 m · 4 fl. |
| 21616A0183/00G061 | Brussels | 178 m² | 1 · 135 m² | 12.6 m · 3 fl. |
| 21305B0204/00V032 | Brussels | 174 m² | 1 · 163 m² | 23.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THIERRY BINDELLE RUE VAN EYCK 44 BTE 6,
1000 FR BRUXELLES-VILLE |
05-02-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.279.816.932
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-09-2018
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.