OPENING OF BANKRUPTCY

IDEM PAPERS

Financial year 2013 · closed on 30/09/2013
Net result
-7,7 M €
-673.2% YoY
Revenue
146,8 M €
-59.7% YoY
Equity
46,2 M €
-78.0% YoY
Workforce
434,0 ETP
-7.0% YoY

Company — Opening of bankruptcy.

What does IDEM PAPERS do?

IDEM PAPERS is a Public limited company incorporated in 1901. Its main activity is: Manufacture of paper and paperboard. Its registered office is in Ittre. It employs on average 434,0 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0400.344.734
Incorporation
29/06/1901
Legal form
Public limited company
Registered office
Rue d'Asquempont 2
1460 Ittre · WallonieSee on map
Latest accounts
30/09/2013
Average workforce
434,0 ETP
Joint committees (2)
  • 129
  • 221
Signals
Solid equityGood liquidityPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

201320072006
Income statement
Revenue146,8 M €364,3 M €225,5 M €
EBITDA1,1 M €-15,1 M €2,4 M €
Operating result-4,9 M €-16,9 M €-2,2 M €
Net result-7,7 M €1,3 M €-39,6 M €
Balance sheet
Equity46,2 M €209,7 M €28,2 M €
Total assets135,2 M €420,3 M €128,5 M €
Cash21,8 M €2 M €1,4 M €
Debts75,5 M €184,7 M €62,4 M €
Other
Workforce434,0 ETP466,5 ETP520,8 ETP
Governance

Board of directors

Seen on filing of 30/09/2013 · 7 active · 12 ended

Active mandates

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 02 septembre 2013 · until 27 décembre 2019 · 0426.887.397

Active
PHILIPPE REMY

Director · since 22 décembre 2011 · until 26 décembre 2013

Active
SPARAXIS

Director · since 22 décembre 2011 · until 26 décembre 2013 · 0452.116.307

Active
TANS MC SPRL

Managing director · since 07 avril 2011 · until 26 décembre 2013 · 0835.273.532

Active
STRATEGIE ET DEVELOPPEMENT PARTENAIRE

Director · since 16 décembre 2009 · until 26 décembre 2013

Active
PIERRE MARNEFFE

Director · since 27 septembre 2009 · until 26 décembre 2013

Active
JEAN BERNARD

Director · since 26 septembre 2009 · until 26 décembre 2013

Active

Ended mandates

Harald Fichtl

Director · since 23 janvier 2008 · until 30 juin 2011

Ended
Hubert Hiley

Director · since 23 janvier 2008 · until 30 juin 2011

Ended
Jacques Fackeure

Director · since 23 janvier 2008 · until 30 juin 2011

Ended
Dirk Van den Broucke

Managing director · since 20 juillet 2007 · until 23 janvier 2008

Ended
At this address

Other companies at this address

CompanyCBE no.
DGMS InvestActive
0817.212.033
FTA WORKSBankrupt
0452.381.076
GODART ServicesActive
0817.633.784
M3SActive
0787.389.679
0553.859.112
PROJECT JActive
1002.280.115
SEEPOWERActive
0468.927.001
0719.255.790
0787.389.778
Annual accounts

Full financial information

201620152014201320122011
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/201501/10/201401/10/201301/10/201201/10/201101/10/2010
Closing of the financial year30/09/201630/09/201530/09/201430/09/201330/09/201230/09/2011
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/03/201710/03/201620/03/201527/02/201426/02/201321/06/2012
General meeting22/12/201628/01/201626/02/201526/12/201327/12/201222/12/2011
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

52 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/201622/12/201629/03/2017FrenchPDF
Full modelCorrection30/09/201528/01/201610/03/2016FrenchPDF
Full model30/09/201528/01/201616/02/2016FrenchPDF
Full model30/09/201426/02/201520/03/2015FrenchPDF
Full model30/09/201326/12/201327/02/2014FrenchPDF
Full model30/09/201227/12/201226/02/2013FrenchPDF
Full modelCorrection30/09/201122/12/201121/06/2012FrenchPDF
Full model30/09/201122/12/201113/01/2012FrenchPDF
Full model30/09/201030/12/201026/01/2011FrenchPDF
Full model31/12/200911/06/201024/06/2010FrenchPDF
Full model31/12/200826/06/200928/09/2009FrenchPDF
Full model31/12/200730/06/200821/08/2008FrenchPDF
Full model31/12/200620/07/200720/07/2007FrenchPDF
Full modelCorrection31/12/200530/06/200604/08/2006FrenchPDF
Full model31/12/200530/06/200614/07/2006FrenchPDF
Full model31/12/200427/07/200528/07/2005FrenchPDF
Full model31/12/200325/06/200428/06/2004FrenchPDF
Full model31/12/200227/06/200330/07/2003FrenchPDF
Full model31/12/200128/06/200203/09/2002FrenchPDF
m930-p31/12/200029/06/200113/07/2001FrenchPDF
Consolidated accounts31/12/199914/03/200025/06/2001FrenchPDF
m930-p31/12/199930/06/200020/07/2000FrenchPDF
m930-p31/12/199830/06/199912/07/1999FrenchPDF
Consolidated accounts31/12/199829/04/199928/06/1999FrenchPDF

View all 52 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 30/09/2013 · 7 active · 12 ended

Active mandates

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Director · since 02 septembre 2013 · until 27 décembre 2019 · 0426.887.397

Active
PHILIPPE REMY

Director · since 22 décembre 2011 · until 26 décembre 2013

Active
SPARAXIS

Director · since 22 décembre 2011 · until 26 décembre 2013 · 0452.116.307

Active
TANS MC SPRL

Managing director · since 07 avril 2011 · until 26 décembre 2013 · 0835.273.532

Active
STRATEGIE ET DEVELOPPEMENT PARTENAIRE

Director · since 16 décembre 2009 · until 26 décembre 2013

Active
PIERRE MARNEFFE

Director · since 27 septembre 2009 · until 26 décembre 2013

Active
JEAN BERNARD

Director · since 26 septembre 2009 · until 26 décembre 2013

Active

Ended mandates

Harald Fichtl

Director · since 23 janvier 2008 · until 30 juin 2011

Ended
Hubert Hiley

Director · since 23 janvier 2008 · until 30 juin 2011

Ended
Jacques Fackeure

Director · since 23 janvier 2008 · until 30 juin 2011

Ended
Dirk Van den Broucke

Managing director · since 20 juillet 2007 · until 23 janvier 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/02/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares17/10/2016
    CAPITAL, ACTIONS
    PDF
  • Mandates17/10/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/01/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares09/03/2015
    CAPITAL, ACTIONS
    PDF
  • Mandates06/10/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/10/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/05/2014
    DEMISSIONS, NOMINATIONS
    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. 2013
    Annual accounts 2013-7,7 M €
  2. 2007
    Annual accounts 20071,3 M €
  3. 2006
    Annual accounts 2006-39,6 M €
  4. 29/06/1901
    IncorporationPublic limited company