OPENING OF BANKRUPTCY

F-Trade

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Financial year 2023 · closed on 31/12/2023
Net result
-417,9 k €
+11.0% YoY
Gross margin
-41,1 k €
-117.0% YoY
Equity
-329,7 k €
-473.5% YoY
Workforce
3,7 ETP
-2.6% YoY

Company — Opening of bankruptcy.

What does F-Trade do?

F-Trade is a Private limited company incorporated in 2016. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Waregem. It employs on average 3,7 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0657.965.450
Incorporation
04/07/2016
Legal form
Private limited company
Registered office
Kalkhoevestraat 51
8790 Waregem · FlandreSee on map
Contributed capital
310 000,00 €
Latest accounts
31/12/2023
Average workforce
3,7 ETP
Activities (NACE)
46190Agents involved in the sale of a variety of goods· main46190Agents involved in the sale of a variety of goods46499Wholesale of other household goods46499Wholesale of other household goods64200Activities of holding companies64210Activities of holding companies+4
Signals
Healthy social debts
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Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202320222021202020192018
Income statement
Gross margin-41,1 k €-18,9 k €386 k €182,5 k €97 k €31,3 k €
EBITDA-274 k €-334,9 k €258,6 k €106 k €82,8 k €30 k €
Operating result-368,9 k €-426,9 k €227,1 k €75,7 k €65,2 k €9 k €
Net result-417,9 k €-469,5 k €168,1 k €29,8 k €48,2 k €1,7 k €
Balance sheet
Equity-329,7 k €88,3 k €557,8 k €389,6 k €109,8 k €61,7 k €
Total assets1,5 M €1,8 M €1,6 M €741 k €669,4 k €515,8 k €
Cash60,3 k €298,5 k €628,6 k €375,8 k €280,9 k €153,5 k €
Debts1,8 M €1,7 M €1 M €351,4 k €559,6 k €454,1 k €
Other
Workforce3,7 ETP3,8 ETP2,2 ETP1,2 ETP1,0 ETP–
Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 1 ended

Active mandates

IMAVEST

Managing director · since 04 juillet 2016 · 0501.617.781

Represented by WERNER GOEMAERE

Active
DECITEX

Director · 0439.838.085

Represented by EMMANUEL TUYTENS

Active
KALINDA

Chairman of the board of directors · 0726.449.430

Represented by WALTER MASTELINCK

Active
MARC VERLEYEN

Director

Active

Ended mandates

IMAVEST

Manager · since 04 juillet 2016 · 0501.617.781

Represented by WERNER GOEMAERE

Ended
At this address

Other companies at this address

CompanyCBE no.
Midori Group● Bankrupt
0782.623.714
Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/01/202101/07/201901/07/201804/07/2016
Closing of the financial year31/12/202331/12/202231/12/202131/12/202030/06/201930/06/2018
Length of the financial year12 months12 months12 months18 months12 months24 months
Filing date30/08/202431/08/202326/08/202220/07/202119/12/201917/12/2018
General meeting14/06/202409/06/202310/06/202211/06/202113/12/201914/12/2018
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202314/06/202430/08/2024DutchPDF
Abridged model31/12/202209/06/202331/08/2023DutchPDF
Abridged model31/12/202110/06/202226/08/2022DutchPDF
Abridged model31/12/202011/06/202120/07/2021DutchPDF
Abridged model30/06/201913/12/201919/12/2019DutchPDF
Abridged model30/06/201814/12/201817/12/2018DutchPDF
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 31/12/2023 · 4 active · 1 ended

Active mandates

IMAVEST

Managing director · since 04 juillet 2016 · 0501.617.781

Represented by WERNER GOEMAERE

Active
DECITEX

Director · 0439.838.085

Represented by EMMANUEL TUYTENS

Active
KALINDA

Chairman of the board of directors · 0726.449.430

Represented by WALTER MASTELINCK

Active
MARC VERLEYEN

Director

Active

Ended mandates

IMAVEST

Manager · since 04 juillet 2016 · 0501.617.781

Represented by WERNER GOEMAERE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other27/12/2024
    BENAMING
    PDF
  • Registered office21/01/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates10/11/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates24/10/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/07/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2023
    Annual accounts 2023-417,9 k €↑
  2. 2022
    Annual accounts 2022-469,5 k €↓
  3. 2021
    Annual accounts 2021168,1 k €↑
  4. 2020
    Annual accounts 202029,8 k €↓
  5. 2019
    Annual accounts 201948,2 k €↑
  6. 2018
    Annual accounts 20181,7 k €
  7. 04/07/2016
    IncorporationPrivate limited company