OPENING OF BANKRUPTCY

Galeyn Decor

Financial year 2012 · closed on 31/12/2012
Net result
-487,5 k €
-464.6% YoY
Gross margin
-12,7 k €
-107.3% YoY
Equity
-215,9 k €
-179.5% YoY
Workforce
2,6 ETP
-35.0% YoY

Company — Opening of bankruptcy.

What does Galeyn Decor do?

Galeyn Decor is a Private company with limited liability incorporated in 1940. Its main activity is: Manufacture of furniture. Its registered office is in Deinze. It employs on average 2,6 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0405.259.763
Incorporation
31/10/1940
Legal form
Private company with limited liability
Registered office
De Tonne 5
9800 Deinze · FlandreSee on map
Latest accounts
31/12/2012
Average workforce
2,6 ETP
Joint committees (2)
  • 14904
  • 218
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2012201120102009200820072006
Income statement
Gross margin-12,7 k €173,1 k €245,1 k €382,4 k €541,7 k €
EBITDA-311 k €-33,2 k €13,9 k €105,5 k €89,4 k €137,9 k €146 k €
Operating result-155,6 k €-44,8 k €-4,1 k €86,6 k €68,9 k €123,4 k €133,6 k €
Net result-487,5 k €-86,3 k €-58,1 k €-3,9 k €-3 k €46,2 k €45,5 k €
Balance sheet
Equity-215,9 k €271,6 k €357,9 k €416 k €419,9 k €422,9 k €376,6 k €
Total assets858,9 k €1,3 M €1,2 M €1,2 M €1,4 M €1,3 M €1,2 M €
Cash346 €19,4 k €16,8 k €51,7 k €61,7 k €54,7 k €55,6 k €
Debts1,1 M €998,3 k €879,7 k €785,4 k €945,9 k €835,7 k €836,1 k €
Other
Workforce2,6 ETP4,0 ETP4,9 ETP5,7 ETP7,0 ETP6,1 ETP6,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2012 · 2 active · 5 ended

Active mandates

Frank DESMET

Manager · since 29 décembre 2008

Active
Gert DESMET

Manager · since 29 décembre 2008

Active

Ended mandates

HOLDING GALTEC

Managing director · since 07 juin 2004 · until 07 juin 2010 · 0860.230.840

Represented by Francine BULTE

Ended
Frank DESMET

Director · since 21 août 2003 · until 21 août 2009

Ended
Gert DESMET

Director · since 21 août 2003 · until 21 août 2009

Ended
FRANK DESMET

Manager

Ended
Annual accounts

Full financial information

201220112010200920082007
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/201201/01/201101/01/201001/01/200901/01/200801/01/2007
Closing of the financial year31/12/201231/12/201131/12/201031/12/200931/12/200831/12/2007
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/08/201312/04/201328/02/201220/05/201115/03/201016/12/2008
General meeting21/08/201302/01/201228/02/201213/12/201014/11/200914/11/2008
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

37 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201221/08/201323/08/2013DutchPDF
Abridged model31/12/201102/01/201212/04/2013DutchPDF
Abridged model31/12/201028/02/201228/02/2012DutchPDF
Abridged model31/12/200913/12/201020/05/2011DutchPDF
Abridged model31/12/200814/11/200915/03/2010DutchPDF
Full model31/12/200714/11/200816/12/2008DutchPDF
Full model31/12/200615/11/200726/11/2007DutchPDF
Full model31/12/200511/10/200630/10/2006DutchPDF
Full model31/12/200427/06/200528/07/2005DutchPDF
Abridged modelCorrection31/12/200307/06/200414/10/2004DutchPDF
Full model31/12/200307/06/200406/07/2004DutchPDF
Abridged model31/12/200202/06/200302/07/2003DutchPDF
Abridged model31/12/200103/06/200207/06/2002DutchPDF
Abridged model31/12/200026/10/200128/11/2001DutchPDF
Abridged model31/12/199905/06/200003/10/2000DutchPDF
Abridged model31/12/199807/06/199922/06/1999DutchPDF
Abridged model31/12/199701/06/199804/06/1998Dutch
Abridged model31/12/199628/04/199728/05/1997Dutch
Abridged model31/12/199511/09/199623/09/1996Dutch
Abridged model31/12/199401/06/199512/09/1996Dutch
Abridged model31/12/199301/06/199422/02/1995Dutch
Abridged model31/12/199201/06/199319/08/1993Dutch
Abridged model31/12/199101/06/199201/07/1992Dutch
Abridged model31/12/199003/06/199127/06/1991Dutch

View all 37 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 31/12/2012 · 2 active · 5 ended

Active mandates

Frank DESMET

Manager · since 29 décembre 2008

Active
Gert DESMET

Manager · since 29 décembre 2008

Active

Ended mandates

HOLDING GALTEC

Managing director · since 07 juin 2004 · until 07 juin 2010 · 0860.230.840

Represented by Francine BULTE

Ended
Frank DESMET

Director · since 21 août 2003 · until 21 août 2009

Ended
Gert DESMET

Director · since 21 août 2003 · until 21 août 2009

Ended
FRANK DESMET

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office10/09/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates16/02/2009
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office16/07/2007
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/02/2007
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/07/2005
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/09/2003
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates21/08/2003
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares25/09/2002
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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. 2012
    Annual accounts 2012-487,5 k €
  2. 2011
    Annual accounts 2011-86,3 k €
  3. 2010
    Annual accounts 2010-58,1 k €
  4. 2009
    Annual accounts 2009-3,9 k €
  5. 2008
    Annual accounts 2008-3 k €
  6. 2007
    Annual accounts 200746,2 k €
  7. 2006
    Annual accounts 200645,5 k €
  8. 31/10/1940
    IncorporationPrivate company with limited liability