OPENING OF BANKRUPTCY

CORSAN

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Financial year 2014 · closed on 31/12/2014

Net result

120,7 k €

-65.8% YoY

Revenue

27,4 M €

-45.7% YoY

Equity

10,3 M €

+1.2% YoY

Workforce

13,5 ETP

+16.4% YoY

Company — Opening of bankruptcy.

What does CORSAN do?

CORSAN is a Public limited company incorporated in 1985. Its main activity is: Motion picture, video and television programme production activities. Its registered office is in Antwerpen. It employs on average 13,5 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0426.973.610

Incorporation

29/01/1985

Legal form

Public limited company

Registered office

Brouwersvliet 21
2000 Antwerpen · FlandreSee on map

Latest accounts

31/12/2014

Average workforce

13,5 ETP

Activities (NACE)

59111Motion picture, video and television programme production activities· main 59111Motion picture, video and television programme production activities 92111Gambling and betting activities 59112Motion picture, video and television programme production activities 59112Motion picture, video and television programme production activities 92112Gambling and betting activities

Joint committees (1)

30301

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	27,4 M €	-45.7%	50,5 M €		–		–		–		–		–		–
EBITDA	18,3 M €	-55.9%	41,5 M €	+61.9%	25,7 M €	+31.2%	19,6 M €	+140%	8,1 M €	+4.7%	7,8 M €	+1478%	492,9 k €	-34.4%	751,3 k €
Operating result	6,7 M €	-57.6%	15,8 M €	+798%	1,8 M €	+18.6%	1,5 M €	+15.7%	1,3 M €	+16.2%	1,1 M €	+134%	471,7 k €	+46.0%	323,1 k €
Net result	120,7 k €	-65.8%	353,1 k €	+55.9%	226,4 k €	+27.4%	177,8 k €	+247%	51,2 k €	-58.4%	123,2 k €	-24.6%	163,4 k €	+102%	80,8 k €
Balance sheet
Equity	10,3 M €	+1.2%	10,2 M €	-55.2%	22,6 M €	-45.7%	41,7 M €	+290%	10,7 M €	+21.5%	8,8 M €	-25.5%	11,8 M €	+37.4%	8,6 M €
Total assets	72,6 M €	-26.2%	98,4 M €	+40.1%	70,2 M €	-14.8%	82,4 M €	+45.9%	56,5 M €	+16.5%	48,5 M €	+21.8%	39,8 M €	+59.6%	24,9 M €
Cash	2,3 M €	-50.0%	4,6 M €	+100%	2,3 M €	+55.4%	1,5 M €	-41.3%	2,5 M €	-24.5%	3,3 M €	+388%	681,8 k €	+244%	198,4 k €
Debts	46,7 M €	-21.8%	59,7 M €	+26.1%	47,4 M €	+17.4%	40,3 M €	-11.9%	45,8 M €	+15.4%	39,7 M €	+41.8%	28 M €	+71.9%	16,3 M €
Other
Workforce	13,5 ETP	+16.4%	11,6 ETP	+39.8%	8,3 ETP	+10.7%	7,5 ETP	-9.6%	8,3 ETP	+45.6%	5,7 ETP	-18.6%	7,0 ETP	+94.4%	3,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2014 · 3 active · 9 ended

Active mandates

Johan BREULS

Director · since 31 décembre 2011 · until 30 juin 2017

Active

Marie Louise VANTHILT

Director · since 31 décembre 2011 · until 30 juin 2017

Active

Paul BREULS

Managing director · since 31 décembre 2011 · until 30 juin 2017

Active

Ended mandates

Johan BREULS

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Marie Louise VANTHILT

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Paul BREULS

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Johan BREULS

Director · since 19 mars 2010 · until 19 mars 2016

Ended

At this address

Other companies at this address

Company	CBE no.
FILMFINANCE V● Bankrupt	0894.817.377
FILMFINANCE VI● Liquidation	0811.450.728
FILMFINANCE VII● Bankrupt	0829.242.706
FILMFINANCE VIII● Bankrupt	0831.347.903
FILMFINANCE X● Bankrupt	0835.671.628
FILMFINANCE XI● Bankrupt	0835.670.242
FILMFINANCE XII● Bankrupt	0846.592.838

Annual accounts

Full financial information

	2015	2014	2013	2012	2011	2010
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2015	01/01/2014	01/07/2012	01/07/2011	01/07/2010	01/07/2009
Closing of the financial year	31/12/2015	31/12/2014	31/12/2013	30/06/2012	30/06/2011	30/06/2010
Length of the financial year	12 months	12 months	18 months	12 months	12 months	12 months
Filing date	05/10/2016	12/11/2015	24/10/2014	26/03/2013	15/02/2012	28/02/2011
General meeting	24/06/2016	05/11/2015	23/10/2014	18/03/2013	14/02/2012	28/02/2011
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	31/12/2015	24/06/2016	05/10/2016	Dutch	PDF
Full model	31/12/2014	05/11/2015	12/11/2015	Dutch	PDF
Full model	31/12/2013	23/10/2014	24/10/2014	Dutch	PDF
Abridged model	30/06/2012	18/03/2013	26/03/2013	Dutch	PDF
Abridged model	30/06/2011	14/02/2012	15/02/2012	Dutch	PDF
Abridged model	30/06/2010	28/02/2011	28/02/2011	Dutch	PDF
Abridged model	30/06/2009	19/03/2010	21/04/2010	Dutch	PDF
Abridged model	30/06/2008	28/12/2008	24/02/2009	Dutch	PDF
Abridged model	30/06/2007	27/12/2007	31/01/2008	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 31/12/2014 · 3 active · 9 ended

Active mandates

Johan BREULS

Director · since 31 décembre 2011 · until 30 juin 2017

Active

Marie Louise VANTHILT

Director · since 31 décembre 2011 · until 30 juin 2017

Active

Paul BREULS

Managing director · since 31 décembre 2011 · until 30 juin 2017

Active

Ended mandates

Johan BREULS

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Marie Louise VANTHILT

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Paul BREULS

Director · since 20 décembre 2011 · until 20 décembre 2017

Ended

Johan BREULS

Director · since 19 mars 2010 · until 19 mars 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares29/05/2013
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/08/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/06/2010
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates01/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/04/2007
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2014
Annual accounts 2014120,7 k €↓
2013
Annual accounts 2013353,1 k €↑
2012
Annual accounts 2012226,4 k €↑
2011
Annual accounts 2011177,8 k €↑
2010
Annual accounts 201051,2 k €↓
2009
Annual accounts 2009123,2 k €↓
2008
Annual accounts 2008163,4 k €↑
2007
Annual accounts 200780,8 k €
29/01/1985
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

CORSAN

Overview

What does CORSAN do?

Trend over 8 financial years

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