OPENING OF BANKRUPTCY

DESCAR

Export PDF

Financial year 2023 · closed on 31/12/2023

Net result

71 k €

+167.8% YoY

Gross margin

1,3 M €

-10.4% YoY

Equity

1,4 M €

+5.2% YoY

Workforce

23,3 ETP

-12.1% YoY

Company — Opening of bankruptcy.

What does DESCAR do?

DESCAR is a Public limited company incorporated in 1947. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Harelbeke. It employs on average 23,3 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0405.332.613

Incorporation

16/11/1947

Legal form

Public limited company

Registered office

Venetiëlaan 26
8530 Harelbeke · FlandreSee on map

Contributed capital

247 893,52 €

Latest accounts

31/12/2023

Average workforce

23,3 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 21210Manufacture of pharmaceutical preparations

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	1,3 M €	-10.4%	1,4 M €	-9.8%	1,6 M €	+20.2%	1,3 M €	-18.4%	1,6 M €	+9.1%	1,5 M €		–		–		–		–		–		–		–		–		–
EBITDA	39,3 k €	+55.4%	25,3 k €	-85.7%	177,1 k €	+677%	-30,7 k €	-116%	188,4 k €	+15.2%	163,5 k €	-10.6%	183 k €	+2.4%	178,8 k €	+7.9%	165,6 k €	-1.8%	168,7 k €	+45.9%	115,6 k €	-82.4%	658,5 k €	+4.1%	632,4 k €	-2.8%	650,6 k €	+18.2%	550,5 k €
Operating result	33,3 k €	+74.6%	19,1 k €	-88.9%	171,6 k €	+518%	-41,1 k €	-123%	177,9 k €	+14.0%	156,1 k €	-10.5%	174,4 k €	+3.7%	168,2 k €	+8.6%	154,8 k €	-1.8%	157,6 k €	+51.3%	104,2 k €	-83.9%	647,7 k €	+4.1%	622,4 k €	-2.4%	637,8 k €	+44.9%	440,2 k €
Net result	71 k €	+168%	26,5 k €	-84.1%	166,9 k €	+6854%	2,4 k €	-98.4%	152,5 k €	+1.3%	150,6 k €	-1.4%	152,7 k €	+5.7%	144,4 k €	-3.6%	149,8 k €	-9.3%	165,2 k €	+94.5%	84,9 k €	-80.7%	438,9 k €	+3.3%	425 k €	-2.6%	436,3 k €	+33.9%	325,9 k €
Balance sheet
Equity	1,4 M €	+5.2%	1,4 M €	-14.5%	1,6 M €	-25.0%	2,1 M €	-19.0%	2,6 M €	+6.2%	2,5 M €	+6.5%	2,3 M €	+7.1%	2,2 M €	+7.2%	2 M €	+8.0%	1,9 M €	+9.7%	1,7 M €	+5.3%	1,6 M €	+37.2%	1,2 M €	0.0%	1,2 M €	0.0%	1,2 M €
Total assets	1,8 M €	-10.6%	2 M €	-7.9%	2,2 M €	-23.3%	2,9 M €	+0.1%	2,9 M €	+0.9%	2,9 M €	+8.7%	2,6 M €	+2.0%	2,6 M €	+2.4%	2,5 M €	+9.2%	2,3 M €	-3.6%	2,4 M €	+1.6%	2,4 M €	+21.4%	1,9 M €	+1.2%	1,9 M €	-24.0%	2,5 M €
Cash	137,2 k €	+44.3%	95 k €	+123%	42,7 k €	+20.2%	35,5 k €	+1452%	2,3 k €	-20.7%	2,9 k €	-75.2%	11,6 k €	+51.9%	7,7 k €	-68.3%	24,2 k €	+480%	4,2 k €	-75.1%	16,7 k €	-62.8%	44,9 k €	-68.6%	142,7 k €	+162%	54,4 k €	-66.7%	163,2 k €
Debts	401,4 k €	-41.7%	688,7 k €	+8.9%	632,3 k €	-18.4%	774,6 k €	+185%	271,5 k €	-30.6%	391,3 k €	+28.6%	304,3 k €	-23.6%	398,4 k €	-16.4%	476,8 k €	+18.3%	403,1 k €	-39.3%	664,2 k €	-7.3%	716,4 k €	-2.5%	734,7 k €	+0.4%	731,9 k €	-45.8%	1,4 M €
Other
Workforce	23,3 ETP	-12.1%	26,5 ETP	-7.3%	28,6 ETP	-10.6%	32,0 ETP	-7.0%	34,4 ETP	+4.9%	32,8 ETP	+5.5%	31,1 ETP	+9.1%	28,5 ETP	-4.4%	29,8 ETP	-0.3%	29,9 ETP	+34.7%	22,2 ETP	+16.2%	19,1 ETP	+8.5%	17,6 ETP	+10.7%	15,9 ETP	+6.0%	15,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 20 ended

Active mandates

Caroline Brouwers

Director

Active

JC WIBO

Director · 0466.543.967

Represented by Jean-Charles Wibo

Active

Y CORR

Managing director · 0688.680.006

Represented by Yves Vanquaethem

Active

Ended mandates

Caroline Brouwers

Director · since 06 février 2018 · until 24 juin 2023

Ended

JC WIBO

Director · since 06 février 2018 · until 24 juin 2023 · 0466.543.967

Represented by Jean-Charles Wibo

Ended

Y CORR

Managing director · since 06 février 2018 · until 24 juin 2023 · 0688.680.006

Represented by Yves Vanquaethem

Ended

BOXCO

Director · since 24 juin 2017 · until 06 février 2018 · 0874.529.234

Represented by WEST INVEST NV, op haar beurt vertegenwoordigd door de S-BVBA CAPITAL FOR GROWTH, op haar beurt vertegenwoordigd door de heer Yves Vanquaethem

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2024	12/07/2023	13/07/2022	20/07/2021	06/10/2020	19/07/2019
General meeting	29/06/2024	24/06/2023	25/06/2022	26/06/2021	08/09/2020	29/06/2019
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	29/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	24/07/2017	Dutch	PDF
Full model	31/12/2015	29/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	24/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	25/06/2011	05/07/2011	Dutch	PDF
Full model	31/12/2009	26/06/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	29/06/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	25/06/2008	24/07/2008	Dutch	PDF
Full model	31/12/2006	30/06/2007	10/07/2007	Dutch	PDF

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 31/12/2023 · 3 active · 20 ended

Active mandates

Caroline Brouwers

Director

Active

JC WIBO

Director · 0466.543.967

Represented by Jean-Charles Wibo

Active

Y CORR

Managing director · 0688.680.006

Represented by Yves Vanquaethem

Active

Ended mandates

Caroline Brouwers

Director · since 06 février 2018 · until 24 juin 2023

Ended

JC WIBO

Director · since 06 février 2018 · until 24 juin 2023 · 0466.543.967

Represented by Jean-Charles Wibo

Ended

Y CORR

Managing director · since 06 février 2018 · until 24 juin 2023 · 0688.680.006

Represented by Yves Vanquaethem

Ended

BOXCO

Director · since 24 juin 2017 · until 06 février 2018 · 0874.529.234

Represented by WEST INVEST NV, op haar beurt vertegenwoordigd door de S-BVBA CAPITAL FOR GROWTH, op haar beurt vertegenwoordigd door de heer Yves Vanquaethem

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other27/02/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/07/2012
ONTSLAGEN - BENOEMINGEN
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

2023
Annual accounts 202371 k €↑
2022
Annual accounts 202226,5 k €↓
2021
Annual accounts 2021166,9 k €↑
2018
Annual accounts 20182,4 k €↓
2017
Annual accounts 2017152,5 k €↑
2016
Annual accounts 2016150,6 k €↓
2015
Annual accounts 2015152,7 k €↑
2014
Annual accounts 2014144,4 k €↓
2013
Annual accounts 2013149,8 k €↓
2012
Annual accounts 2012165,2 k €↑
2011
Annual accounts 201184,9 k €↓
2010
Annual accounts 2010438,9 k €↑
2009
Annual accounts 2009425 k €↓
2008
Annual accounts 2008436,3 k €↑
2006
Annual accounts 2006325,9 k €
16/11/1947
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DESCAR

Overview

What does DESCAR do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline