OPENING OF BANKRUPTCY

TRANSITION (SA)

Financial year 2022 · closed on 31/12/2022
Net result
24 k €
+295.0% YoY
Gross margin
26,9 k €
+246.6% YoY
Equity
84 k €
+39.9% YoY

Company — Opening of bankruptcy.

What does TRANSITION do?

TRANSITION is a Public limited company incorporated in 1987. Its main activity is: Repair of furniture and home furnishings. Its registered office is in Rixensart.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0432.408.380
Incorporation
06/11/1987
Legal form
Public limited company
Registered office
Rue de Rixensart 24
1332 Rixensart · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2022
Joint committees (1)
  • 100
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20222021201920182017201620152014201320122011201020092008200720062005
Income statement
Gross margin26,9 k €7,8 k €35,7 k €42,2 k €18,7 k €38,7 k €22,6 k €86,1 k €47,2 k €63,6 k €75,1 k €17,4 k €19 k €15,5 k €51,2 k €37 k €85,7 k €
EBITDA25,9 k €-2,3 k €14,3 k €13,6 k €1,7 k €-6 k €-4,1 k €43,6 k €14,6 k €11,6 k €4 k €-21,3 k €1 k €-29,5 k €8,6 k €-10,5 k €2,9 k €
Operating result24,3 k €-4,9 k €11,3 k €10,5 k €-573 €-8,6 k €-8,1 k €41,1 k €12 k €8,4 k €-3,2 k €-27,3 k €-6,7 k €-33,8 k €-361,4 €-18,5 k €-23,3 k €
Net result24 k €-12,3 k €8,8 k €8,2 k €-2 k €-3,7 k €-11,8 k €37,4 k €4,8 k €3,3 k €-12,7 k €-32,5 k €-12,6 k €-7 k €-868 €143 k €-42,9 k €
Balance sheet
Equity84 k €60,1 k €78,5 k €69,7 k €61,5 k €63,6 k €67,2 k €48,5 k €11,1 k €6,3 k €3 k €15,6 k €48,2 k €60,8 k €92,7 k €93,6 k €-49,4 k €
Total assets227,3 k €197,2 k €206,9 k €195,1 k €178,5 k €175,9 k €189,6 k €176,2 k €148,3 k €149,9 k €144,3 k €110,3 k €145,1 k €156,8 k €165,8 k €183,1 k €233,4 k €
Cash750 €75 €1,3 k €301 €392 €97 €54 €452 €1,8 k €37 €2,7 k €581 €644,5 €180,9 €68,8 k €93,2 k €4,3 k €
Debts143,3 k €137,1 k €128,4 k €125,4 k €117 k €112,3 k €122 k €127,1 k €137 k €143,6 k €140,6 k €94,3 k €89,4 k €96,1 k €73 k €89,5 k €282,8 k €
Other
Workforce2,0 ETP2,0 ETP2,3 ETP2,8 ETP3,6 ETP2,2 ETP1,2 ETP3,1 ETP0,0 ETP3,0 ETP4,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 1 ended

Active mandates

Etienne DACHY

Mandate

Active

Ended mandates

Etienne DACHY

Managing director

Ended
At this address

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NE CONSULTActive
0835.068.842
PRESSINVESTActive
0471.211.449
RED FOX SActive
1042.813.742
TANDEMActive
0442.884.776
YVAXActive
0440.536.980
Annual accounts

Full financial information

202220212019201820172016
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202201/01/202101/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202231/12/202131/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/02/202412/02/202406/04/202115/10/201929/11/201825/08/2017
General meeting27/06/202327/06/202225/06/202025/06/201926/06/201826/06/2017
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202227/06/202312/02/2024FrenchPDF
Micro model31/12/202127/06/202212/02/2024FrenchPDF
Micro model31/12/201925/06/202006/04/2021FrenchPDF
Micro model31/12/201825/06/201915/10/2019FrenchPDF
Micro model31/12/201726/06/201829/11/2018FrenchPDF
Micro model31/12/201626/06/201725/08/2017FrenchPDF
Abridged model31/12/201527/06/201618/08/2016FrenchPDF
Abridged model31/12/201419/08/201531/08/2015FrenchPDF
Abridged model31/12/201330/06/201403/12/2014FrenchPDF
Abridged model31/12/201225/05/201331/08/2013FrenchPDF
Abridged model31/12/201125/06/201231/08/2012FrenchPDF
Abridged model31/12/201027/06/201127/07/2011FrenchPDF
Abridged model31/12/200928/06/201030/09/2010FrenchPDF
Abridged model31/12/200829/06/200901/09/2009FrenchPDF
Abridged model31/12/200730/06/200830/07/2008FrenchPDF
Abridged model31/12/200601/12/200718/12/2007FrenchPDF
Abridged model31/12/200531/10/200728/11/2007FrenchPDF
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 31/12/2022 · 1 active · 1 ended

Active mandates

Etienne DACHY

Mandate

Active

Ended mandates

Etienne DACHY

Managing director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/07/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares24/07/2015
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office29/12/2005
    SIEGE SOCIAL
    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

Timeline

  1. 2022
    Annual accounts 202224 k €
  2. 2021
    Annual accounts 2021-12,3 k €
  3. 2019
    Annual accounts 20198,8 k €
  4. 2018
    Annual accounts 20188,2 k €
  5. 2017
    Annual accounts 2017-2 k €
  6. 2016
    Annual accounts 2016-3,7 k €
  7. 2015
    Annual accounts 2015-11,8 k €
  8. 2014
    Annual accounts 201437,4 k €
  9. 2013
    Annual accounts 20134,8 k €
  10. 2012
    Annual accounts 20123,3 k €
  11. 2011
    Annual accounts 2011-12,7 k €
  12. 2010
    Annual accounts 2010-32,5 k €
  13. 2009
    Annual accounts 2009-12,6 k €
  14. 2008
    Annual accounts 2008-7 k €
  15. 2007
    Annual accounts 2007-868 €
  16. 2006
    Annual accounts 2006143 k €
  17. 2005
    Annual accounts 2005-42,9 k €
  18. 06/11/1987
    IncorporationPublic limited company