OPENING OF BANKRUPTCY

CG POWER SYSTEMS BELGIUM NV

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Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/03/2019

Net result-14 M €+58,6 %over 1 year

Revenue81,3 M €-19,6 %over 1 year

Equity80,8 M €-14,7 %over 1 year

Workforce439,2 ETP-5,6 %over 1 year

Identity

Source · BCE/KBO

CG POWER SYSTEMS BELGIUM NV is a Public limited company incorporated in 1972. Its main activity is: Manufacture of electric motors, generators and transformers. Its registered office is in Mechelen. It employs on average 439,2 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0412.527.538
Incorporation: 10/08/1972
Legal form: Public limited company
Registered office: Antwerpsesteenweg 167
2800 Mechelen · FlandreSee on map
Latest accounts: 31/03/2019
Average workforce: 439,2 ETP

Activities (NACE)

27110Manufacture of electric motors, generators and transformers· main 27110Manufacture of electric motors, generators and transformers 31100Manufacture of furniture 25110Manufacture of metal structures and parts of structures 25110Manufacture of metal structures and parts of structures 27900Manufacture of other electrical equipment+3

Joint committees (1)

Signals

Solid equityHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2019		2018		2017		2016		2015
Income statement
Revenue	81,3 M €	-19.6%	101,1 M €	-2.3%	103,5 M €	-20.6%	130,4 M €	-8.4%	142,3 M €
EBITDA	-7 M €	+40.4%	-11,8 M €	-9109%	130,5 k €	-90.8%	1,4 M €	+126%	-5,5 M €
Operating result	-12,9 M €	+23.5%	-16,8 M €	-176%	-6,1 M €	-33.1%	-4,6 M €	+54.2%	-10 M €
Net result	-14 M €	+58.6%	-33,8 M €	-893%	-3,4 M €	+97.7%	-147,5 M €	-515%	-24 M €
Balance sheet
Equity	80,8 M €	-14.7%	94,8 M €	-26.3%	128,6 M €	+31.2%	98 M €	-2.5%	100,5 M €
Total assets	198,9 M €	-10.8%	223 M €	-14.6%	261,3 M €	-2.7%	268,5 M €	-29.4%	380,3 M €
Cash	147,9 k €	-22.4%	190,7 k €	-53.0%	405,6 k €	+59.9%	253,7 k €	+868%	26,2 k €
Debts	109,9 M €	-3.8%	114,3 M €	-3.7%	118,6 M €	-22.3%	152,7 M €	-39.0%	250,2 M €
Other
Workforce	439,2 ETP	-5.6%	465,4 ETP	-4.9%	489,5 ETP	+1.0%	484,6 ETP	-3.2%	500,8 ETP

Board of directors

Source · NBB, accounts to 31/03/2019

4 active · 32 ended

Active mandates

Ramni NIRULA

Director · since 25 mars 2019 · until 14 septembre 2020

Active

Sajal MUKHERJEE

Director · since 05 septembre 2018 · until 09 septembre 2019

Active

Sanjay SINGH

Director · since 01 décembre 2015 · until 05 septembre 2018

Active

Venkatesh VAIDYANATHAPURAM RAMAMOORTHY

Director · since 29 octobre 2013 · until 09 septembre 2019

Active

Ended mandates

Sanjay Singh

Director · since 01 décembre 2015 · until 01 septembre 2018

Ended

Henri MOTTARD

Director · since 29 octobre 2013 · until 21 avril 2015

Ended

Henri MOTTARD

Director · since 29 octobre 2013 · until 13 novembre 2015

Ended

Henri MOTTARD

Director · since 29 octobre 2013 · until 09 septembre 2019

Ended

Other companies at this address

Antwerpsesteenweg 167 2800 Mechelen

Company	CBE no.
CG HOLDINGS BELGIUM NV● Bankrupt	0416.576.891
Pauwels Transformers● Active	0767.638.402

Full financial information

Source · NBB

	2019	2018	2017	2016	2015	2014
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2018	01/04/2017	01/04/2016	01/04/2015	01/04/2014	01/04/2013
Closing of the financial year	31/03/2019	31/03/2018	31/03/2017	31/03/2016	31/03/2015	31/03/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/10/2019	27/09/2018	12/10/2017	28/11/2016	26/10/2015	15/10/2014
General meeting	09/09/2019	10/09/2018	11/09/2017	12/09/2016	14/09/2015	08/09/2014
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2019	09/09/2019	15/10/2019	Dutch	PDF
Full model	31/03/2018	10/09/2018	27/09/2018	Dutch	PDF
Full model	31/03/2017	11/09/2017	12/10/2017	Dutch	PDF
Full model	31/03/2016	12/09/2016	28/11/2016	Dutch	PDF
Full model	31/03/2015	14/09/2015	26/10/2015	Dutch	PDF
Full model	31/03/2014	08/09/2014	15/10/2014	Dutch	PDF
Full model	31/03/2013	09/09/2013	02/12/2013	Dutch	PDF
Full model	31/03/2012	10/09/2012	12/10/2012	Dutch	PDF
Full model	31/03/2011	12/09/2011	29/11/2011	Dutch	PDF
Full model	31/03/2010	13/09/2010	13/10/2010	Dutch	PDF
Full model	31/03/2009	14/09/2009	14/10/2009	Dutch	PDF
Full model	31/03/2008	08/09/2008	09/10/2008	Dutch	PDF
Full model	31/03/2007	10/09/2007	17/10/2007	Dutch	PDF

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 31/03/2019

4 active · 32 ended

Active mandates

Ramni NIRULA

Director · since 25 mars 2019 · until 14 septembre 2020

Active

Sajal MUKHERJEE

Director · since 05 septembre 2018 · until 09 septembre 2019

Active

Sanjay SINGH

Director · since 01 décembre 2015 · until 05 septembre 2018

Active

Venkatesh VAIDYANATHAPURAM RAMAMOORTHY

Director · since 29 octobre 2013 · until 09 septembre 2019

Active

Ended mandates

Sanjay Singh

Director · since 01 décembre 2015 · until 01 septembre 2018

Ended

Henri MOTTARD

Director · since 29 octobre 2013 · until 21 avril 2015

Ended

Henri MOTTARD

Director · since 29 octobre 2013 · until 13 novembre 2015

Ended

Henri MOTTARD

Director · since 29 octobre 2013 · until 09 septembre 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other22/06/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Capital / shares10/10/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares08/04/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2016
ONTSLAGEN - BENOEMINGEN
PDF

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Timeline

2019
Annual accounts 2019-14 M €↑
2018
Annual accounts 2018-33,8 M €↓
2017
Annual accounts 2017-3,4 M €↑
2016
Annual accounts 2016-147,5 M €↓
2015
Annual accounts 2015-24 M €↓
2014
Annual accounts 2014-14,4 M €↑
2013
Annual accounts 2013-47,2 M €↓
2012
Annual accounts 2012-11,1 M €↓
2011
Annual accounts 20116 M €↑
2010
Annual accounts 2010175,7 k €↓
2010
Name changeCG POWER SYSTEMS BELGIUM NV
2009
Annual accounts 200915,4 M €↑
2008
Annual accounts 200810,1 M €↑
2007
Annual accounts 20079,4 M €
2007
Name changePauwels Trafo Belgium
10/08/1972
IncorporationPublic limited company

CG POWER SYSTEMS BELGIUM NV

Overview

Identity

Financials

Board of directors

Other companies at this address

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

Timeline