OPENING OF BANKRUPTCY

FNG INTERNATIONAL

Company — Opening of bankruptcy.

Financial year 2018 · Closed on 31/12/2018

Net result1,5 M €+357,6 %over 1 year
Revenue261,1 M €+30,2 %over 1 year
Equity24,4 M €+6,7 %over 1 year
Workforce121,8 ETP+110,0 %over 1 year

Identity

Source · BCE/KBO

FNG INTERNATIONAL is a Public limited company incorporated in 2013. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Mechelen. It employs on average 121,8 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0502.923.917
Incorporation
30/01/2013
Legal form
Public limited company
Registered office
Bautersemstraat 68A
2800 Mechelen · FlandreSee on map
Latest accounts
31/12/2018
Average workforce
121,8 ETP
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 5 filings

Trend over 3 financial years

201820172015
Income statement
Revenue261,1 M €200,5 M €38,8 M €
EBITDA9,9 M €8,8 M €2,3 M €
Operating result6,4 M €2 M €1,7 M €
Net result1,5 M €-598,7 k €611 k €
Balance sheet
Equity24,4 M €22,9 M €21,3 M €
Total assets418 M €294,5 M €144,5 M €
Cash44 M €8,8 M €2,5 M €
Debts393,5 M €269,3 M €123 M €
Other
Workforce121,8 ETP58,0 ETP37,9 ETP

Board of directors

Source · NBB, accounts to 31/12/2018

4 active · 6 ended

Active mandates

FNG Beheer BE B.V.

Managing director · since 30 juillet 2019 · until 23 juin 2025

Represented by Dieter Penninckx

Active
M.A.D. COLLECTIONS

Director · since 01 mars 2018 · until 23 juin 2025 · 0862.015.343

Represented by Emmanuel Bracke

Active
Dieter Penninckx

Mandate · since 25 janvier 2013 · until 30 juillet 2019

Active
M.A.D. COLLECTIONS

Director · since 25 janvier 2013 · until 01 mars 2018 · 0862.015.343

Represented by Tine De Ryck

Active

Ended mandates

FIGURAD BEDRIJFSREVISOREN

Mandate · since 26 juin 2017 · until 22 juin 2020 · 0423.109.644

Represented by Ann (A01494) Van Vlaenderen

Ended
FIGURAD BEDRIJFSREVISOREN

Mandate · since 26 septembre 2014 · until 06 septembre 2016 · 0423.109.644

Represented by Ann Van Vlaenderen

Ended
Dieter Penninckx

Mandate · since 25 janvier 2013 · until 24 janvier 2019

Ended
Dieter Penninckx

Mandate · since 25 janvier 2013 · until 25 janvier 2019

Ended

Other companies at this address

Bautersemstraat 68A 2800 Mechelen
CompanyCBE no.
Bas Vaerewyck● Active
0541.747.374
CKS RETAIL BELGIUM● Bankrupt
0822.594.147
0534.906.401
0506.971.488
0506.970.993
0655.955.867
0668.606.152
FNG GROUP● Bankrupt
0865.085.788
FNG Roots● Bankrupt
0690.554.381
0567.640.535
0711.670.687
NS DEVELOPMENT● Bankrupt
0418.951.215
PRISMAX● Active
0876.244.649
0630.773.875
THS Outlet● Bankrupt
0716.661.437
VAN HASSELS● Bankrupt
0865.310.967

Full financial information

Source · NBB
20182017201620152014
Type of accountFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201801/01/201701/04/201501/04/201425/01/2013
Closing of the financial year31/12/201831/12/201731/12/201631/03/201531/03/2014
Length of the financial year12 months12 months21 months12 months15 months
Filing date31/12/201928/12/201829/12/201731/10/201530/10/2014
General meeting30/12/201928/12/201830/11/201729/09/201526/09/2014
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201830/12/201931/12/2019DutchPDF
Full model31/12/201728/12/201828/12/2018DutchPDF
Full model31/12/201630/11/201729/12/2017DutchPDF
Full model31/03/201529/09/201531/10/2015DutchPDF
Full model31/03/201426/09/201430/10/2014DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2018

4 active · 6 ended

Active mandates

FNG Beheer BE B.V.

Managing director · since 30 juillet 2019 · until 23 juin 2025

Represented by Dieter Penninckx

Active
M.A.D. COLLECTIONS

Director · since 01 mars 2018 · until 23 juin 2025 · 0862.015.343

Represented by Emmanuel Bracke

Active
Dieter Penninckx

Mandate · since 25 janvier 2013 · until 30 juillet 2019

Active
M.A.D. COLLECTIONS

Director · since 25 janvier 2013 · until 01 mars 2018 · 0862.015.343

Represented by Tine De Ryck

Active

Ended mandates

FIGURAD BEDRIJFSREVISOREN

Mandate · since 26 juin 2017 · until 22 juin 2020 · 0423.109.644

Represented by Ann (A01494) Van Vlaenderen

Ended
FIGURAD BEDRIJFSREVISOREN

Mandate · since 26 septembre 2014 · until 06 septembre 2016 · 0423.109.644

Represented by Ann Van Vlaenderen

Ended
Dieter Penninckx

Mandate · since 25 janvier 2013 · until 24 janvier 2019

Ended
Dieter Penninckx

Mandate · since 25 janvier 2013 · until 25 janvier 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates31/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other17/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates28/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/04/2017
    DIVERSEN
    PDF

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

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Timeline

  1. 2018
    Annual accounts 20181,5 M €↑
  2. 2017
    Annual accounts 2017-598,7 k €↓
  3. 2015
    Annual accounts 2015611 k €
  4. 30/01/2013
    IncorporationPublic limited company