OPENING OF BANKRUPTCY

Galeyn Decor

Company — Opening of bankruptcy.

Financial year 2012 · Closed on 31/12/2012

Net result-487,5 k €-464,6 %over 1 year
Gross margin-12,7 k €-107,3 %over 1 year
Equity-215,9 k €-179,5 %over 1 year
Workforce2,6 ETP-35,0 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 37 filings

Trend over 7 financial years

20122011201020092008
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 €
Operating result-155,6 k €-44,8 k €-4,1 k €86,6 k €68,9 k €
Net result-487,5 k €-86,3 k €-58,1 k €-3,9 k €-3 k €
Balance sheet
Equity-215,9 k €271,6 k €357,9 k €416 k €419,9 k €
Total assets858,9 k €1,3 M €1,2 M €1,2 M €1,4 M €
Cash346 €19,4 k €16,8 k €51,7 k €61,7 k €
Debts1,1 M €998,3 k €879,7 k €785,4 k €945,9 k €
Other
Workforce2,6 ETP4,0 ETP4,9 ETP5,7 ETP7,0 ETP

Board of directors

Source · NBB, accounts to 31/12/2012

2 active · 5 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Frank DESMET
Managersince 29/12/2008
000
Gert DESMET
Managersince 29/12/2008
000

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
HOLDING GALTEC0860.230.840Represented by Francine BULTE
Managing director07/06/2004 → 07/06/2010
Frank DESMET
Director21/08/2003 → 21/08/2009
000
Gert DESMET
Director21/08/2003 → 21/08/2009
000
FRANK DESMET
Manager
000

Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 37 filings
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—
Abridged model31/12/198904/06/199020/06/1990Dutch—
Abridged model31/12/198805/06/198920/06/1989Dutch—
Abridged model31/12/198706/06/198817/06/1988Dutch—
Abridged model31/12/198601/06/198719/06/1987Dutch—
Abridged model31/12/198502/06/198624/06/1986Dutch—
Abridged model31/12/198403/06/198518/06/1985English—
m900-p31/12/198304/06/198404/07/1984English—
m900-p31/12/198206/06/198315/06/1983English—
m900-p31/12/198107/06/198216/06/1982English—
m900-p31/12/198001/01/999905/06/1981English—
m900-p31/12/197901/01/999925/06/1980English—
m900-p31/12/197801/01/999908/06/1979English—
m900-p31/12/197701/01/999916/06/1978English—

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.

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Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2012

2 active · 5 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Frank DESMET
Managersince 29/12/2008
000
Gert DESMET
Managersince 29/12/2008
000

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
HOLDING GALTEC0860.230.840Represented by Francine BULTE
Managing director07/06/2004 → 07/06/2010
Frank DESMET
Director21/08/2003 → 21/08/2009
000
Gert DESMET
Director21/08/2003 → 21/08/2009
000
FRANK DESMET
Manager
000

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

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