OPENING OF BANKRUPTCY

CHALLENGE PROJECTS

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Financial year 2012 · closed on 31/12/2012

Net result

-1 M €

-571.4% YoY

Gross margin

365,6 k €

-50.2% YoY

Equity

-316,8 k €

-144.0% YoY

Workforce

9,3 ETP

-28.5% YoY

Company — Opening of bankruptcy.

What does CHALLENGE PROJECTS do?

CHALLENGE PROJECTS is a Public limited company incorporated in 1987. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Bruxelles. It employs on average 9,3 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0432.087.488

Incorporation

01/10/1987

Legal form

Public limited company

Registered office

Rue Charles Demeer 5
1020 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2012

Average workforce

9,3 ETP

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (2)

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	365,6 k €	-50.2%	734,9 k €	+49.3%	492,1 k €	-54.1%	1,1 M €	-12.1%	1,2 M €	-13.3%	1,4 M €	-4.2%	1,5 M €
EBITDA	-160,7 k €	-444%	46,7 k €	+110%	-457,5 k €	-299%	229,3 k €	-39.5%	379,1 k €	-40.6%	638,5 k €	+26.5%	504,7 k €
Operating result	-251,7 k €	-945%	-24,1 k €	+96.9%	-767,7 k €	-3024%	-24,6 k €	-114%	180,7 k €	-45.6%	332,5 k €	+30.3%	255,3 k €
Net result	-1 M €	-571%	215,9 k €	+125%	-863,3 k €	-2192%	-37,7 k €	-575%	7,9 k €	-96.0%	196,7 k €	+77.4%	110,9 k €
Balance sheet
Equity	-316,8 k €	-144%	719,9 k €	+101%	358,1 k €	-70.7%	1,2 M €	+178%	440 k €	+1.8%	432 k €	+54.1%	280,4 k €
Total assets	537,5 k €	-77.9%	2,4 M €	-3.6%	2,5 M €	-25.9%	3,4 M €	+36.9%	2,5 M €	-38.4%	4 M €	+18.0%	3,4 M €
Cash	3,4 k €	+11.1%	3,1 k €	+354%	680,3 €	-48.0%	1,3 k €	-56.9%	3 k €	-66.5%	9 k €	-83.8%	55,8 k €
Debts	799,3 k €	-50.6%	1,6 M €	-24.3%	2,1 M €	-0.8%	2,2 M €	+6.7%	2 M €	-42.4%	3,5 M €	+16.8%	3 M €
Other
Workforce	9,3 ETP	-28.5%	13,0 ETP	+30.0%	10,0 ETP	-35.9%	15,6 ETP	0.0%	15,6 ETP	+7.6%	14,5 ETP	0.0%	14,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2012 · 3 active · 12 ended

Active mandates

Alain DEBAISIEUX

Director · since 27 septembre 2011 · until 27 septembre 2017

Active

Christian ADINS

Mandate · since 27 septembre 2011 · until 27 septembre 2017

Active

Stanislas de Lantsheere

Managing director · since 01 juillet 2009 · until 30 juin 2015

Active

Ended mandates

Christian ADINS

Director · since 27 septembre 2011 · until 27 septembre 2017

Ended

Stanislas de Lantsheere

Managing director · since 02 mai 2009 · until 07 mai 2015

Ended

Axelle DE CEUSTER

Managing director · since 31 décembre 2006 · until 30 décembre 2012

Ended

Axelle DE CEUSTER

Managing director · since 31 décembre 2006 · until 31 décembre 2012

Ended

At this address

Other companies at this address

Company	CBE no.
CYNAL● Active	0823.898.303
ESPACE DEMEER● Active	0452.141.447
Go4iT● Active	0467.247.911

Annual accounts

Full financial information

	2012	2011	2010	2009	2008	2007
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2012	01/01/2011	01/01/2010	01/01/2009	01/01/2008	01/01/2007
Closing of the financial year	31/12/2012	31/12/2011	31/12/2010	31/12/2009	31/12/2008	31/12/2007
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/10/2013	28/09/2012	13/02/2012	01/12/2010	31/08/2009	06/10/2008
General meeting	30/05/2013	04/05/2012	27/11/2011	07/05/2010	02/05/2009	02/01/2008
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

7 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2012	30/05/2013	23/10/2013	French	PDF
Abridged model	31/12/2011	04/05/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	27/11/2011	13/02/2012	French	PDF
Abridged model	31/12/2009	07/05/2010	01/12/2010	French	PDF
Abridged model	31/12/2008	02/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	02/01/2008	06/10/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	02/10/2007	French	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 31/12/2012 · 3 active · 12 ended

Active mandates

Alain DEBAISIEUX

Director · since 27 septembre 2011 · until 27 septembre 2017

Active

Christian ADINS

Mandate · since 27 septembre 2011 · until 27 septembre 2017

Active

Stanislas de Lantsheere

Managing director · since 01 juillet 2009 · until 30 juin 2015

Active

Ended mandates

Christian ADINS

Director · since 27 septembre 2011 · until 27 septembre 2017

Ended

Stanislas de Lantsheere

Managing director · since 02 mai 2009 · until 07 mai 2015

Ended

Axelle DE CEUSTER

Managing director · since 31 décembre 2006 · until 30 décembre 2012

Ended

Axelle DE CEUSTER

Managing director · since 31 décembre 2006 · until 31 décembre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office16/02/2015
SIEGE SOCIAL
PDF
Mandates02/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2012
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2009
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/08/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates22/10/2007
DEMISSIONS, NOMINATIONS
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

2012
Annual accounts 2012-1 M €↓
2011
Annual accounts 2011215,9 k €↑
2011
Name changeCHALLENGE PROJECTS
2010
Annual accounts 2010-863,3 k €↓
2009
Annual accounts 2009-37,7 k €↓
2008
Annual accounts 20087,9 k €↓
2007
Annual accounts 2007196,7 k €↑
2006
Annual accounts 2006110,9 k €
2006
Name changeCHALLENGE PARTNERS
01/10/1987
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

CHALLENGE PROJECTS

Overview

What does CHALLENGE PROJECTS do?

Trend over 7 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