OPENING OF BANKRUPTCY

TRANSPORT MAES

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Financial year 2013 · closed on 31/12/2013

Net result

-1,2 M €

-13.5% YoY

Revenue

2,2 M €

-50.1% YoY

Equity

1,1 M €

-53.0% YoY

Workforce

23,6 ETP

-22.6% YoY

Company — Opening of bankruptcy.

What does TRANSPORT MAES do?

TRANSPORT MAES is a Public limited company incorporated in 1981. Its registered office is in Dendermonde. It employs on average 23,6 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0421.871.113

Incorporation

07/09/1981

Legal form

Public limited company

Registered office

Vlassenhout (STG) 4-6
9200 Dendermonde · FlandreSee on map

Latest accounts

31/12/2013

Average workforce

23,6 ETP

Joint committees (2)

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,2 M €	-50.1%	4,3 M €	-63.0%	11,7 M €	-32.0%	17,2 M €	-3.4%	17,8 M €	-12.1%	20,2 M €	-1.8%	20,6 M €	-2.5%	21,1 M €
EBITDA	-166,3 k €	-147%	355 k €	+272%	-206,6 k €	-112%	1,7 M €	+21.0%	1,4 M €	-29.8%	2 M €	-26.2%	2,8 M €	-24.2%	3,7 M €
Operating result	-1,2 M €	+0.4%	-1,2 M €	-20.8%	-976 k €	-208%	902,6 k €	+140%	376,2 k €	-48.6%	732,7 k €	-11.2%	824,7 k €	-36.4%	1,3 M €
Net result	-1,2 M €	-13.5%	-1,1 M €	-304%	523,5 k €	+285%	136,1 k €	+106%	-2,4 M €	-447%	704,7 k €	+7.2%	657,7 k €	+177%	-854,6 k €
Balance sheet
Equity	1,1 M €	-53.0%	2,3 M €	-31.8%	3,3 M €	+18.5%	2,8 M €	+5.1%	2,7 M €	-47.6%	5,1 M €	+15.7%	4,4 M €	+16.5%	3,8 M €
Total assets	2,6 M €	-41.5%	4,5 M €	-55.7%	10,1 M €	-18.9%	12,5 M €	-2.8%	12,8 M €	-24.6%	17 M €	+5.6%	16,1 M €	+18.5%	13,6 M €
Cash	8,1 k €	-82.7%	46,9 k €	+203%	15,5 k €	-6.4%	16,6 k €	-89.9%	163,6 k €	+45.8%	112,2 k €	-84.9%	744,4 k €	+333%	171,7 k €
Debts	1,5 M €	-32.7%	2,2 M €	-67.5%	6,8 M €	-29.9%	9,6 M €	-4.8%	10,1 M €	-14.6%	11,9 M €	+1.8%	11,6 M €	+19.2%	9,8 M €
Other
Workforce	23,6 ETP	-22.6%	30,5 ETP	-19.9%	38,1 ETP	+1.3%	37,6 ETP	-3.3%	38,9 ETP	-7.4%	42,0 ETP	+1.4%	41,4 ETP	+1.2%	40,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2013 · 3 active · 10 ended

Active mandates

Geert Maes

Managing director · since 15 mai 2011 · until 30 juin 2013

Active

Norbert Maes

Director · since 15 mai 2011 · until 13 mai 2017

Active

Rudy Maes

Managing director · since 15 mai 2011 · until 13 mai 2017

Active

Ended mandates

Geert Maes

Managing director · since 15 mai 2011 · until 13 mai 2017

Ended

ERNST & YOUNG ASSURANCE SERVICES

Mandate · since 17 janvier 2011 · until 14 mai 2014 · 0438.703.284

Represented by Marleen Hoste

Ended

ERNST & YOUNG ASSURANCE SERVICES

Mandate · since 23 avril 2008 · until 22 février 2011 · 0438.703.284

Represented by Marleen Hoste

Ended

Geert Maes

Mandate · since 14 mai 2005 · until 14 mai 2011

Ended

Annual accounts

Full financial information

	2013	2012	2011	2010	2009	2008
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2013	01/01/2012	01/01/2011	01/01/2010	01/01/2009	01/01/2008
Closing of the financial year	31/12/2013	31/12/2012	31/12/2011	31/12/2010	31/12/2009	31/12/2008
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2014	02/12/2013	13/08/2012	31/08/2011	28/03/2011	22/12/2009
General meeting	10/05/2014	26/08/2013	12/07/2012	30/06/2011	09/03/2011	14/12/2009
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

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Filings

Annual accounts filings

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2013	10/05/2014	18/08/2014	Dutch	PDF
Full modelCorrection	31/12/2012	26/08/2013	02/12/2013	Dutch	PDF
Full model	31/12/2012	26/08/2013	26/08/2013	Dutch	PDF
Full model	31/12/2011	12/07/2012	13/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Full model	31/12/2009	09/03/2011	28/03/2011	Dutch	PDF
Full model	31/12/2008	14/12/2009	22/12/2009	Dutch	PDF
Full model	31/12/2007	25/08/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	12/05/2007	13/06/2007	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 31/12/2013 · 3 active · 10 ended

Active mandates

Geert Maes

Managing director · since 15 mai 2011 · until 30 juin 2013

Active

Norbert Maes

Director · since 15 mai 2011 · until 13 mai 2017

Active

Rudy Maes

Managing director · since 15 mai 2011 · until 13 mai 2017

Active

Ended mandates

Geert Maes

Managing director · since 15 mai 2011 · until 13 mai 2017

Ended

ERNST & YOUNG ASSURANCE SERVICES

Mandate · since 17 janvier 2011 · until 14 mai 2014 · 0438.703.284

Represented by Marleen Hoste

Ended

ERNST & YOUNG ASSURANCE SERVICES

Mandate · since 23 avril 2008 · until 22 février 2011 · 0438.703.284

Represented by Marleen Hoste

Ended

Geert Maes

Mandate · since 14 mai 2005 · until 14 mai 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring29/04/2011
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares30/12/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office04/11/2010
Wijziging maatschappelijke zetel
PDF
Mandates14/05/2008
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

2013
Annual accounts 2013-1,2 M €↓
2012
Annual accounts 2012-1,1 M €↓
2011
Annual accounts 2011523,5 k €↑
2010
Annual accounts 2010136,1 k €↑
2009
Annual accounts 2009-2,4 M €↓
2008
Annual accounts 2008704,7 k €↑
2007
Annual accounts 2007657,7 k €↑
2006
Annual accounts 2006-854,6 k €
07/09/1981
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

TRANSPORT MAES

Overview

What does TRANSPORT MAES do?

Trend over 8 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