OPENING OF BANKRUPTCY

ETS GERMEAU

Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/12/2019

Net result267,3 k €+179,7 %over 1 year
Gross margin710,6 k €+81,4 %over 1 year
Equity-267,3 k €-155,2 %over 1 year
Workforce9,2 ETP-41,0 %over 1 year

Identity

Source · BCE/KBO

ETS GERMEAU is a Private limited company incorporated in 1978. Its registered office is in Awans. It employs on average 9,2 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0418.574.301
Incorporation
03/08/1978
Legal form
Private limited company
Registered office
Rue Chaussée 12
4342 Awans · WallonieSee on map
Latest accounts
31/12/2019
Average workforce
9,2 ETP
Joint committees (3)
  • 112
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 14 filings

Trend over 12 financial years

20192017201620152014
Income statement
Gross margin710,6 k €391,8 k €793,4 k €823,1 k €737 k €
EBITDA355,6 k €-213,7 k €138,5 k €129,5 k €118,1 k €
Operating result325,8 k €-277,2 k €83,7 k €75,2 k €62,5 k €
Net result267,3 k €-335,5 k €17,3 k €30,6 k €20,9 k €
Balance sheet
Equity-267,3 k €483,9 k €819,3 k €802 k €771,4 k €
Total assets2,9 M €4 M €4,2 M €3,6 M €3,9 M €
Cash32,5 k €108,6 k €51,4 k €110,1 k €161,4 k €
Debts3,2 M €3,5 M €3,4 M €2,7 M €3,1 M €
Other
Workforce9,2 ETP15,6 ETP15,9 ETP15,5 ETP16,6 ETP

Board of directors

Source · NBB, accounts to 31/12/2019

1 active · 1 ended

Active mandates

André GERMEAU

Managing director

Active

Ended mandates

André Germeau

Manager

Ended

Full financial information

Source · NBB
201920182017201620152014
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/201901/01/201801/01/201701/01/201601/01/201501/01/2014
Closing of the financial year31/12/201931/12/201831/12/201731/12/201631/12/201531/12/2014
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/01/202114/04/202012/11/201824/01/201804/08/201612/08/2015
General meeting31/12/202026/02/202005/06/201814/06/201714/06/201609/05/2015
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, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201931/12/202006/01/2021FrenchPDF
Abridged model31/12/201826/02/202014/04/2020FrenchPDF
Abridged model31/12/201705/06/201812/11/2018FrenchPDF
Abridged model31/12/201614/06/201724/01/2018FrenchPDF
Abridged model31/12/201514/06/201604/08/2016FrenchPDF
Abridged model31/12/201409/05/201512/08/2015FrenchPDF
Abridged model31/12/201310/05/201419/08/2014FrenchPDF
Abridged model31/12/201209/05/201309/07/2013FrenchPDF
Abridged model31/12/201108/05/201229/06/2012FrenchPDF
Abridged model31/12/201006/05/201111/05/2011FrenchPDF
Abridged model31/12/200926/06/201004/07/2010FrenchPDF
Abridged model31/12/200830/06/200925/07/2009FrenchPDF
Abridged model31/12/200730/06/200801/07/2008DutchPDF
Abridged model31/12/200630/06/200710/07/2007FrenchPDF

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 31/12/2019

1 active · 1 ended

Active mandates

André GERMEAU

Managing director

Active

Ended mandates

André Germeau

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/05/2021
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/07/2015
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates31/07/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares13/01/2004
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares04/11/2003
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

  1. 2019
    Annual accounts 2019267,3 k €↑
  2. 2017
    Annual accounts 2017-335,5 k €↓
  3. 2016
    Annual accounts 201617,3 k €↓
  4. 2015
    Annual accounts 201530,6 k €↑
  5. 2014
    Annual accounts 201420,9 k €↑
  6. 2013
    Annual accounts 20135,7 k €↑
  7. 2012
    Annual accounts 2012-5,7 k €↓
  8. 2011
    Annual accounts 201129 k €↑
  9. 2010
    Annual accounts 201022 k €↓
  10. 2009
    Annual accounts 200942,3 k €↑
  11. 2008
    Annual accounts 2008-6,7 k €↓
  12. 2007
    Annual accounts 20073,4 k €
  13. 03/08/1978
    IncorporationPrivate limited company