OPENING OF BANKRUPTCY

FUN BELGIUM

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Financial year 2022 · closed on 31/12/2022

Net result

-10,1 M €

-2056.5% YoY

Revenue

70,2 M €

-9.0% YoY

Equity

-2 M €

-125.2% YoY

Workforce

45,8 ETP

+6.8% YoY

Company — Opening of bankruptcy.

What does FUN BELGIUM do?

FUN BELGIUM is a Public limited company incorporated in 1990. Its main activity is: Retail sale in non-specialised stores. Its registered office is in Brugge. It employs on average 45,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0440.072.766

Incorporation

15/03/1990

Legal form

Public limited company

Registered office

Koning Albert I-laan 244
8200 Brugge · FlandreSee on map

Contributed capital

9 445 386,64 €

Latest accounts

31/12/2022

Average workforce

45,8 ETP

Activities (NACE)

47120Retail sale in non-specialised stores· main 47192Other retail sale in non-specialised stores 52121Warehousing and storage

Joint committees (1)

Signals

Good liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	70,2 M €	-9.0%	77,2 M €	+10.0%	70,2 M €	+3.8%	67,6 M €	-0.8%	68,1 M €	-2.4%	69,8 M €	+2.8%	67,9 M €	-1.5%	68,9 M €	-0.6%	69,3 M €	+1.9%	68,1 M €	-9.9%	75,6 M €	-9.0%	83,1 M €	+1.7%	81,7 M €	+4.1%	78,5 M €	+12.6%	69,7 M €	+10.7%	63 M €
EBITDA	-8,8 M €	-573%	1,9 M €	-28.8%	2,6 M €	+83.7%	1,4 M €	-29.6%	2 M €	+10.7%	1,8 M €	+68.7%	1,1 M €	+132%	468,9 k €	+6.7%	439,7 k €	+121%	-2,1 M €	+44.6%	-3,9 M €	-255%	2,5 M €	+5.6%	2,4 M €	-18.1%	2,9 M €	-20.1%	3,6 M €	-5.2%	3,8 M €
Operating result	-10 M €	-1930%	547,2 k €	-57.5%	1,3 M €	+1383%	-100,4 k €	-121%	479,6 k €	+169%	177,9 k €	+136%	-498,4 k €	+59.8%	-1,2 M €	+8.8%	-1,4 M €	+66.6%	-4,1 M €	+31.5%	-5,9 M €	-690%	1 M €	+1.2%	995,2 k €	-15.0%	1,2 M €	-40.8%	2 M €	-5.8%	2,1 M €
Net result	-10,1 M €	-2056%	-469,8 k €	-158%	810,9 k €	+252%	-533,4 k €	-1813%	-27,9 k €	+96.0%	-704,5 k €	+50.1%	-1,4 M €	+43.8%	-2,5 M €	-29.9%	-1,9 M €	-151%	-769,1 k €	+90.1%	-7,7 M €	-3434%	232,4 k €	-67.1%	705,3 k €	+454%	-199,1 k €	-131%	652,8 k €	+18.3%	551,7 k €
Balance sheet
Equity	-2 M €	-125%	8,1 M €	-5.5%	8,6 M €	+10.5%	7,8 M €	-6.4%	8,3 M €	-0.3%	8,3 M €	-7.8%	9 M €	+163%	3,4 M €	+16.6%	2,9 M €	-39.7%	4,9 M €	+210%	-4,4 M €	-154%	8,3 M €	+2.9%	8 M €	+8.6%	7,4 M €	-5.1%	7,8 M €	+7.6%	7,2 M €
Total assets	36,8 M €	-17.0%	44,4 M €	+5.3%	42,1 M €	+0.6%	41,9 M €	+11.1%	37,7 M €	-5.0%	39,7 M €	-3.3%	41 M €	-6.3%	43,8 M €	+3.0%	42,6 M €	+4.5%	40,7 M €	-2.7%	41,8 M €	-13.3%	48,2 M €	+15.9%	41,6 M €	+9.8%	37,9 M €	+5.7%	35,9 M €	+10.7%	32,4 M €
Cash	4 M €	+23.2%	3,3 M €	-14.6%	3,8 M €	+211%	1,2 M €	-19.4%	1,5 M €	-34.5%	2,3 M €	+5.8%	2,2 M €	-50.2%	4,4 M €	-30.4%	6,4 M €	+34.1%	4,7 M €	+318%	1,1 M €	-25.7%	1,5 M €	-36.4%	2,4 M €	+47.7%	1,6 M €	+31.0%	1,2 M €	-5.5%	1,3 M €
Debts	38,9 M €	+7.7%	36,1 M €	+9.5%	32,9 M €	-3.5%	34,1 M €	+16.0%	29,4 M €	-6.1%	31,3 M €	-1.9%	31,9 M €	-20.5%	40,2 M €	+2.0%	39,4 M €	+10.5%	35,6 M €	-22.6%	46,1 M €	+15.7%	39,8 M €	+20.0%	33,2 M €	+10.6%	30 M €	+9.3%	27,4 M €	+11.0%	24,7 M €
Other
Workforce	45,8 ETP	+6.8%	42,9 ETP	+5.7%	40,6 ETP	-4.0%	42,3 ETP	+1.2%	41,8 ETP	+48.8%	28,1 ETP	+0.7%	27,9 ETP	-10.0%	31,0 ETP	-8.0%	33,7 ETP	-5.3%	35,6 ETP	-6.6%	38,1 ETP	-13.4%	44,0 ETP	+5.5%	41,7 ETP	+13.6%	36,7 ETP	+11.6%	32,9 ETP	-5.5%	34,8 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 46 ended

Active mandates

ALGREEN CONSULTING

Director · since 30 septembre 2022 · until 27 mai 2028 · 0727.712.410

Represented by Délia GENTILINI

Active

BLUE VISION

Director · since 30 septembre 2022 · until 27 mai 2028 · 0825.642.917

Represented by Nicolas MARCHAND

Active

PARGECO

Managing director · since 30 septembre 2022 · until 27 mai 2028 · 0846.745.662

Represented by Thomas MARCHANDISE

Active

Ended mandates

NIELSATOR

Director · since 24 octobre 2018 · until 27 mai 2023 · 0636.742.048

Represented by Antoine Mettens

Ended

NIELSATOR

Director · since 24 octobre 2018 · until 27 mai 2023 · 0636.742.048

Represented by Antoine Mettens

Ended

PARGECO

Chairman of the board of directors · since 24 octobre 2018 · until 27 mai 2023 · 0846.745.662

Represented by Thomas Marchandise

Ended

PARGECO

Chairman of the board of directors · since 24 octobre 2018 · until 27 mai 2023 · 0846.745.662

Represented by Thomas Marchandise

Ended

At this address

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FUN ANTWERPEN● Bankrupt	0861.310.114
FUN LOGISTICS● Bankrupt	0837.350.025
FUN NOORD● Bankrupt	0479.170.496
FUN OOST● Bankrupt	0479.170.201
FUN VLAANDEREN● Bankrupt	0876.403.116
FUN WEST● Bankrupt	0479.170.397
FUN ZUID● Bankrupt	0479.170.102
WIJNEN FEYS● Active	0435.364.308

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2023	14/07/2022	07/07/2021	21/06/2020	20/06/2019	03/07/2018
General meeting	30/06/2023	07/07/2022	30/06/2021	30/05/2020	25/05/2019	29/06/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

33 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Full model	31/12/2021	07/07/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	30/05/2020	21/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	20/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	20/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	03/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	29/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	27/05/2017	26/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	27/05/2017	14/07/2017	Dutch	PDF
Full modelCorrection	31/12/2015	28/05/2016	03/08/2016	Dutch	PDF
Full model	31/12/2015	28/05/2016	01/07/2016	Dutch	PDF
Consolidated accountsCorrection	31/12/2015	28/05/2016	03/08/2016	Dutch	PDF
Consolidated accounts	31/12/2015	28/05/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	24/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	30/06/2015	24/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	28/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Full model	31/12/2012	12/08/2013	29/08/2013	Dutch	PDF
Consolidated accounts	31/12/2012	29/06/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	26/05/2012	31/07/2012	Dutch	PDF
Consolidated accounts	31/12/2011	26/05/2012	31/07/2012	Dutch	PDF
Full model	31/12/2010	28/05/2011	30/06/2011	Dutch	PDF
Consolidated accountsCorrection	31/12/2010	14/09/2011	18/11/2011	Dutch	PDF

View all 33 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 46 ended

Active mandates

ALGREEN CONSULTING

Director · since 30 septembre 2022 · until 27 mai 2028 · 0727.712.410

Represented by Délia GENTILINI

Active

BLUE VISION

Director · since 30 septembre 2022 · until 27 mai 2028 · 0825.642.917

Represented by Nicolas MARCHAND

Active

PARGECO

Managing director · since 30 septembre 2022 · until 27 mai 2028 · 0846.745.662

Represented by Thomas MARCHANDISE

Active

Ended mandates

NIELSATOR

Director · since 24 octobre 2018 · until 27 mai 2023 · 0636.742.048

Represented by Antoine Mettens

Ended

NIELSATOR

Director · since 24 octobre 2018 · until 27 mai 2023 · 0636.742.048

Represented by Antoine Mettens

Ended

PARGECO

Chairman of the board of directors · since 24 octobre 2018 · until 27 mai 2023 · 0846.745.662

Represented by Thomas Marchandise

Ended

PARGECO

Chairman of the board of directors · since 24 octobre 2018 · until 27 mai 2023 · 0846.745.662

Represented by Thomas Marchandise

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

30/06/2023
nominationBV Deloitte Bedrijfsrevisoren — commissaris-revisor
30/06/2023
nominationMITRUGNO Angélique — permanent vertegenwoordiger ter uitvoering van het mandaat van bedrijfsrevisor
2022
Annual accounts 2022-10,1 M €↓
2021
Annual accounts 2021-469,8 k €↓
2020
Annual accounts 2020810,9 k €↑
2019
Annual accounts 2019-533,4 k €↓
2018
Annual accounts 2018-27,9 k €↑
2017
Annual accounts 2017-704,5 k €↑
2016
Annual accounts 2016-1,4 M €↑
2015
Annual accounts 2015-2,5 M €↓
2014
Annual accounts 2014-1,9 M €↓
2013
Annual accounts 2013-769,1 k €↑
2012
Annual accounts 2012-7,7 M €↓
2010
Annual accounts 2010232,4 k €↓
2009
Annual accounts 2009705,3 k €↑
2008
Annual accounts 2008-199,1 k €↓
2007
Annual accounts 2007652,8 k €↑
2006
Annual accounts 2006551,7 k €
15/03/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FUN BELGIUM

Overview

What does FUN BELGIUM do?

Trend over 16 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline