Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
FENCO from Zelzate, company number BE0690932879, closed financial year 2023 with a result of € -82,211 after tax. For that financial year FENCO recorded a gross margin of € -48,370 and equity of € 1,948. Compared with financial year 2022, the result moved from € 14,447 to € -82,211. The company made a loss. The buffer shrank hard: equity is 98 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 7, 2024.
€ 1,948
▼ 98% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -82,211
▼ still € 14,447 profit in 2022
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28,052.
People and assets in 2023
0
Average over the fiscal year, from the social balance sheet.
€ 17,013
▼ 26% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 277,197
▲ 8% vs 2022
€ 58,636 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 72,980
▲ € 64,587 vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 7,538
▼ 67% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 84,345 | € 53,790 | € -48,370 | ▼ € 102,160 |
| Profit after taxes | € 38,781 | € 14,447 | € -82,211 | ▼ € 96,657 |
| Equity | € 69,711 | € 84,158 | € 1,948 | ▼ 98% |
| Total debts | € 300,711 | € 288,720 | € 380,677 | ▲ 32% |
| Cash | € 44,885 | € 0 | - | |
| Land & buildings | € 250,333 | € 240,637 | € 226,804 | ▼ 6% |
| Retained profit | € 39,711 | € 54,158 | € -28,052 | ▼ € 82,211 |
| Dividend | € 800 | € 0 | € 0 | |
| Bank debt | € 271,737 | € 257,651 | € 277,197 | ▲ 8% |
| Balance sheet total | € 370,423 | € 372,878 | € 382,625 | ▲ 3% |
Key figures of FENCO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to FENCO?
What happened at FENCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
FENCO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 82,211 (▼ € 96,657 vs 2022). filed late Source: NBB ↗
- New establishment in Zelzate. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,781 profit in 2021 to € 82,211 loss in 2023.
Paid € 17,916 in corporate taxes since 2021.
Best year ever: 2021, with € 38,781 profit.
Paid out € 800 in dividends to the owners in total.
Management
Behind FENCO is GDM-TOTAALPROJECTEN.
Directors
According to the 2023 annual accounts
Director · represented by Goossens, JONAS
Establishments
Establishment units
Physical locations of this company
Assenedesteenweg 221 box 1
9060 Zelzate
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0690.932.879
- VAT number
- BE 0690.932.879
- Registered office
- Assenedesteenweg 221 bus 1, 9060 Zelzate
- Names & denominations
- FENCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 26 February 2018
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van metalen deuren en vensters
Groothandel in bouwmaterialen, algemeen assortiment