OPENING OF BANKRUPTCY

CG HOLDINGS BELGIUM NV

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Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/03/2019

Net result134,1 k €-96,2 %over 1 year

Revenue63,4 M €+17,5 %over 1 year

Equity132,4 M €+0,1 %over 1 year

Workforce126,3 ETP+2,9 %over 1 year

Identity

Source · BCE/KBO

CG HOLDINGS BELGIUM NV is a Public limited company incorporated in 1976. Its main activity is: Manufacture of electric motors, generators and transformers. Its registered office is in Mechelen. It employs on average 126,3 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0416.576.891
Incorporation: 16/11/1976
Legal form: Public limited company
Registered office: Antwerpsesteenweg 167
2800 Mechelen · FlandreSee on map
Latest accounts: 31/03/2019
Average workforce: 126,3 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+7

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 26 filings

Trend over 12 financial years

	2019		2018		2017		2016		2015
Income statement
Revenue	63,4 M €	+17.5%	54 M €	-19.5%	67 M €	-37.5%	107,3 M €	+36.1%	78,9 M €
EBITDA	5 M €	-33.8%	7,6 M €	+48.1%	5,1 M €	+389%	1 M €	-78.3%	4,8 M €
Operating result	4,6 M €	-34.7%	7,1 M €	-1.8%	7,2 M €	+535%	-1,7 M €	-133%	5 M €
Net result	134,1 k €	-96.2%	3,5 M €	-85.4%	24,1 M €	+111%	-215,8 M €	-4671%	4,7 M €
Balance sheet
Equity	132,4 M €	+0.1%	132,2 M €	+2.7%	128,7 M €	+225%	39,6 M €	-84.5%	255,4 M €
Total assets	241,6 M €	-8.0%	262,5 M €	-0.4%	263,5 M €	+5.9%	248,9 M €	-44.6%	449,3 M €
Cash	172,6 k €	-28.4%	241 k €	+7.9%	223,3 k €	-80.1%	1,1 M €	-72.9%	4,1 M €
Debts	100,3 M €	-14.8%	117,7 M €	-6.6%	126 M €	-38.3%	204,2 M €	+6.2%	192,2 M €
Other
Workforce	126,3 ETP	+2.9%	122,7 ETP	-8.7%	134,4 ETP	-5.6%	142,4 ETP	+0.6%	141,6 ETP

Board of directors

Source · NBB, accounts to 31/03/2019

0 active · 20 ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ramni Nirula	Director25/03/2019 → 07/09/2020
Koen Van Peteghem	Director14/01/2019 → 07/09/2020
Sajal Mukherjee	Director12/01/2017 → 06/09/2021

Other companies at this address

Antwerpsesteenweg 167 2800 Mechelen

Company	CBE no.
CG POWER SYSTEMS BELGIUM NV● Bankrupt	0412.527.538
Pauwels Transformers● Active	0767.638.402

Full financial information

Source · NBB

	2019	2018	2017	2016	2015	2014
Type of account	Consolidated accounts	Consolidated accounts	Consolidated accounts	Consolidated accounts	Consolidated accounts	Consolidated accounts
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	30/11/2019	29/11/2018	30/11/2017	30/11/2016	20/11/2015	24/11/2014
General meeting	01/01/9999	01/01/9999	01/01/9999	01/01/9999	01/01/9999	01/01/9999
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, 26 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2019	02/09/2019	27/09/2019	Dutch	PDF
Consolidated accounts	31/03/2019	01/01/9999	30/11/2019	Dutch	PDF
Full model	31/03/2018	03/09/2018	27/09/2018	Dutch	PDF
Consolidated accounts	31/03/2018	01/01/9999	29/11/2018	Dutch	PDF
Full model	31/03/2017	04/09/2017	12/10/2017	Dutch	PDF
Consolidated accounts	31/03/2017	01/01/9999	30/11/2017	Dutch	PDF
Full model	31/03/2016	05/09/2016	28/11/2016	Dutch	PDF
Consolidated accounts	31/03/2016	01/01/9999	30/11/2016	Dutch	PDF
Full model	31/03/2015	07/09/2015	26/10/2015	Dutch	PDF
Consolidated accounts	31/03/2015	01/01/9999	20/11/2015	Dutch	PDF
Full model	31/03/2014	01/09/2014	15/10/2014	Dutch	PDF
Consolidated accounts	31/03/2014	01/01/9999	24/11/2014	Dutch	PDF
Full model	31/03/2013	02/09/2013	02/12/2013	Dutch	PDF
Consolidated accounts	31/03/2013	01/01/9999	16/09/2014	Dutch	PDF
Full model	31/03/2012	03/09/2012	12/10/2012	Dutch	PDF
Consolidated accounts	31/03/2012	01/01/9999	23/10/2012	Dutch	PDF
Full model	31/03/2011	05/09/2011	29/11/2011	Dutch	PDF
Consolidated accounts	31/03/2011	01/01/9999	29/11/2011	Dutch	PDF
Full model	31/03/2010	06/09/2010	13/10/2010	Dutch	PDF
Consolidated accounts	31/03/2010	01/01/9999	27/10/2010	Dutch	PDF
Full model	31/03/2009	07/09/2009	14/10/2009	Dutch	PDF
Consolidated accounts	31/03/2009	07/09/2009	14/10/2009	Dutch	PDF
Full model	31/03/2008	01/09/2008	09/10/2008	Dutch	PDF
Consolidated accounts	31/03/2008	01/09/2008	21/10/2008	Dutch	PDF
Full model	31/03/2007	03/09/2007	13/11/2007	Dutch	PDF
Consolidated accounts	31/03/2007	03/09/2007	13/11/2007	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.

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.

Board of directors

Source · NBB, accounts to 31/03/2019

0 active · 20 ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ramni Nirula	Director25/03/2019 → 07/09/2020
Koen Van Peteghem	Director14/01/2019 → 07/09/2020
Sajal Mukherjee	Director12/01/2017 → 06/09/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/11/2017
KAPITAAL - AANDELEN
PDF
Capital / shares02/05/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Ramni Nirula

Koen Van Peteghem

Sajal Mukherjee

V.R. Venkatesh

NEELKANT NARAYANAN KOLLENGODE

GAUTAM THAPAR

MADHAV ACHARYA

JEAN MICHEL AUBERTIN

Valentin Albrecht Herwar VON MASSOW

B HARIHARAN

Jayant Govindrao KULKARNI

LAURENT DEMORTIER

and 8 more mandates

197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CG HOLDINGS BELGIUM NVPAUWELS INTERNATIONAL

No data

Director

Managing director

Chairman of the board of directorsDirector

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Antwerpsesteenweg 167, 2800 MechelenCurrent		CBE

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CG HOLDINGS BELGIUM NVCurrent	accounts 2010 → 2019	Accounts 2019 · 2019-67700450
PAUWELS INTERNATIONAL	accounts 2008 → 2009	Accounts 2009 · 2009-81000201

Events

2019
Annual accounts 2019134,1 k €↓
2018
Annual accounts 20183,5 M €↓
2017
Annual accounts 201724,1 M €↑
2016
Annual accounts 2016-215,8 M €↓
2015
Annual accounts 20154,7 M €↓
2014
Annual accounts 20146 M €↑
2013
Annual accounts 2013-2,8 M €↓
2012
Annual accounts 20127,4 M €↓
2011
Annual accounts 201111 M €↓
2010
Annual accounts 201024,5 M €↓
2010
Name changeCG HOLDINGS BELGIUM NV
2009
Annual accounts 2009102,7 M €↑
2008
Annual accounts 200832,8 M €
16/11/1976
IncorporationPublic limited company

CG HOLDINGS 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

Registered offices

Company names

Events