What does FUN BELGIUM do?

FUN BELGIUM is a shop in Brugge. Public Limited, started on 15 March 1990, 2 establishments.

What is the address of FUN BELGIUM?

The registered office of FUN BELGIUM is located at Koning Albert I-laan 244, 8200 Brugge.

Is FUN BELGIUM still active?

No. The CBE lists FUN BELGIUM with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is FUN BELGIUM registered on Peppol?

No, FUN BELGIUM is currently not registered on the Peppol network.

What is the enterprise number of FUN BELGIUM?

The enterprise number of FUN BELGIUM is BE0440072766.

When was FUN BELGIUM founded?

FUN BELGIUM was founded on 15 March 1990.

Who are the directors of FUN BELGIUM?

According to the 2022 annual accounts, the directors of FUN BELGIUM are: PARGECO BV, ALGREEN CONSULTING BV, BLUE VISION BV.

Is FUN BELGIUM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 15 March 1990; 2 annual accounts filed, latest fiscal year 2022; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did FUN BELGIUM make in 2022?

FUN BELGIUM recorded a loss after taxes of € 10,130,936 in financial year 2022.

What is the revenue of FUN BELGIUM?

In its most recent annual accounts (2022), FUN BELGIUM reported revenue of € 70,202,041.

How much does an employee at FUN BELGIUM earn?

The average wage cost per full-time employee at FUN BELGIUM was € 66,300 in 2022: staff costs of € 3 million for 45.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does FUN BELGIUM have?

According to the 2022 annual accounts, FUN BELGIUM has 45.8 full-time equivalents (FTE).

FUN BELGIUM (Public Limited) - Brugge - BE0440072766

Dossier FUN BELGIUM, printed on 29 October 2026 from databakkes.be/en/0440072766/fun-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 1 of the last 2 fiscal years.
Two loss years in a row NBB

Negative result in 2021 and 2022.
Tight liquidity NBB

Cash and receivables cover 47 % of short-term debt in 2022; threshold 65 %.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2022

FUN BELGIUM from Brugge, company number BE0440072766, closed financial year 2022 with a result of € -10.1 million after tax. For that financial year FUN BELGIUM recorded revenue of € 70.2 million and equity of € -2 million. Compared with financial year 2021, the result moved from € -469,786 to € -10.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2023.

What it is worth Caution

€ -2 million

▼ € 10.1 million vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -10.1 million

▼ 2056 % more loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 4 million

▲ 23% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -11.5 million.

People and assets in 2022

Full-time equivalents

45.8

▲ 2.9 vs 2021

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 25.4 million in 2022, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3 million

▲ 1% vs 2021

€ 66,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 99,631

▼ 26% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt

€ 22.6 million

▲ 35% vs 2021

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 13 million

▼ 20% vs 2021

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.

Taxes and wages

€ 2.3 million

▼ 5% vs 2021

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	Change 2021 → 2022
Revenue	€ 77,171,319 Revenue 2021: € 77,171,319 First fiscal year in the series	€ 70,202,041 Revenue 2022: € 70,202,041 ▼ 9% vs 2021 (€ 77,171,319) Unfavourable step	▼ 9%
Profit after taxes	€ -469,786 Profit after taxes 2021: € -469,786 First fiscal year in the series	€ -10,130,936 Profit after taxes 2022: € -10,130,936 ▼ € 9.7 million vs 2021 (€ -469,786) Unfavourable step	▼ € 9.7 million
Equity	€ 8,091,645 Equity 2021: € 8,091,645 First fiscal year in the series	€ -2,039,292 Equity 2022: € -2,039,292 ▼ € 10.1 million vs 2021 (€ 8,091,645) Unfavourable step	▼ € 10.1 million
Total debts	€ 36,146,708 Total debts 2021: € 36,146,708 First fiscal year in the series	€ 38,861,246 Total debts 2022: € 38,861,246 ▲ 8% vs 2021 (€ 36,146,708) Unfavourable step	▲ 8%
Cash	€ 3,278,672 Cash 2021: € 3,278,672 First fiscal year in the series	€ 4,038,009 Cash 2022: € 4,038,009 ▲ 23% vs 2021 (€ 3,278,672) Favourable step	▲ 23%
Retained profit	€ -1,353,742 Retained profit 2021: € -1,353,742 First fiscal year in the series	€ -11,484,678 Retained profit 2022: € -11,484,678 ▼ € 10.1 million vs 2021 (€ -1,353,742) Unfavourable step	▼ € 10.1 million
Bank debt	€ 16,800,000 Bank debt 2021: € 16,800,000 First fiscal year in the series	€ 22,600,000 Bank debt 2022: € 22,600,000 ▲ 35% vs 2021 (€ 16,800,000) Unfavourable step	▲ 35%
Balance sheet total	€ 44,388,353 Balance sheet total 2021: € 44,388,353 First fiscal year in the series	€ 36,821,954 Balance sheet total 2022: € 36,821,954 ▼ 17% vs 2021 (€ 44,388,353) Unchanged	▼ 17%
Employees (FTE)	42.9 Employees (FTE) 2021: 42.9 First fiscal year in the series	45.8 Employees (FTE) 2022: 45.8 ▲ 2.9 vs 2021 (42.9) Unchanged	▲ 2.9

Key figures of FUN BELGIUM, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to FUN BELGIUM?

What happened at FUN BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

FUN BELGIUM is active according to the CBE. Legal situation: Opening faillissement.

2028 PARGECO BV stepped down as director. NBB
2028 ALGREEN CONSULTING BV stepped down as director. NBB
2028 BLUE VISION BV stepped down as director. NBB
Jul 24, 2023 New annual accounts for financial year 2022: loss of € 10.1 million. Source: NBB ↗
2022 PARGECO BV became a director. NBB
2022 ALGREEN CONSULTING BV became a director. NBB
2022 BLUE VISION BV became a director. NBB
Jan 24, 2005 New establishment in Brugge. KBO

In short

From € 469,786 loss in 2021 to € 10.1 million loss in 2022.

Paid € 9,827 in corporate taxes since 2021.

Pays suppliers within 66 days on average.

Original PDFs at the National Bank ↗

Management

SOGESMA NV 100%

FUN BELGIUM

Fun Services 100%

FUNDOO 100%

Fun Logistics 99.8%

Fun Zuid 99.8%

The shares are held by SOGESMA NV (100%). It owns 100% of Fun Services, 100% of FUNDOO, 99.8% of Fun Logistics, 99.8% of Fun Zuid, 99.8% of Fun Noord and 99.8% of Fun Oost itself.