OPENING OF BANKRUPTCY

TF ART

Export PDF

Financial year 2018 · closed on 31/12/2018

Net result

15,5 k €

+11.4% YoY

Gross margin

16,8 k €

+1.6% YoY

Equity

10,1 k €

+289.5% YoY

Company — Opening of bankruptcy.

What does TF ART do?

TF ART is a Private company with limited liability incorporated in 1988. Its registered office is in Molenbeek-Saint-Jean.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0434.786.266

Incorporation

13/07/1988

Legal form

Private company with limited liability

Registered office

Boulevard Louis Mettewie 91 box 55
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Latest accounts

31/12/2018

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	16,8 k €	+1.6%	16,6 k €	+1504%	-1,2 k €	-105%	-575 €	-9.3%	-526 €	-104%	12 k €	+1191%	-1,1 k €	-186%	1,3 k €	+106%	-20,5 k €		–		–		–
EBITDA	16 k €	+10.1%	14,5 k €	+1330%	-1,2 k €	-53.0%	-771 €	+25.6%	-1 k €	-109%	11,2 k €	+993%	-1,2 k €	+85.0%	-8,3 k €	+70.9%	-28,6 k €		–		–		–
Operating result	15,7 k €	+7.9%	14,5 k €	+1330%	-1,2 k €	-53.0%	-771 €	+25.6%	-1 k €	-109%	11,2 k €	+993%	-1,2 k €	+85.0%	-8,3 k €	+70.9%	-28,6 k €		–		–		–
Net result	15,5 k €	+11.4%	13,9 k €	+1277%	-1,2 k €	-53.0%	-771 €	+29.2%	-1,1 k €	-110%	11,2 k €	+955%	-1,3 k €	-114%	9,5 k €	+133%	-28,7 k €		–		–		0,1 €
Balance sheet
Equity	10,1 k €	+289%	-5,3 k €	+72.2%	-19,2 k €	-6.5%	-18,1 k €	-4.5%	-17,3 k €	+39.5%	-28,6 k €	+28.1%	-39,7 k €	-3.4%	-38,4 k €	+19.8%	-47,9 k €	-149%	-19,2 k €	0.0%	-19,2 k €	0.0%	-19,2 k €
Total assets	19,9 k €	+22.1%	16,3 k €	+6403%	250 €	-98.0%	12,3 k €	0.0%	12,3 k €	-0.4%	12,3 k €	+404%	2,4 k €	-80.8%	12,7 k €	+1.3%	12,5 k €	+74.6%	7,2 k €	+25.4%	5,7 k €	-9.3%	6,3 k €
Cash	5,9 k €	+12.2%	5,3 k €	+2000%	250 €		–		–		–		2,4 k €	-50.1%	4,9 k €	-40.7%	8,2 k €	+419%	1,6 k €	+1097%	132,6 €	-81.6%	718,9 €
Debts	6,7 k €	-68.4%	21,1 k €	+8.3%	19,5 k €	-35.7%	30,3 k €	+2.6%	29,5 k €	-27.8%	40,9 k €	-3.1%	42,2 k €	-17.5%	51,1 k €	-15.4%	60,5 k €	+129%	26,4 k €	+5.8%	25 k €	-2.3%	25,6 k €
Other
Workforce	–		–		–		–		–		–		–		0,3 ETP	0.0%	0,3 ETP		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2018 · 1 active · 5 ended

Active mandates

Besjan Ramaj

Manager · since 21 octobre 2016

Active

Ended mandates

LEONARD RAMAJ

Manager · since 26 février 2014

Ended

RINARD THANASI

Manager · since 26 février 2014

Ended

MAX SCHECHTL

Mandate

Ended

MAX SCHECHTL

Manager · until 26 février 2014

Ended

At this address

Other companies at this address

Company	CBE no.
AMGHAR SERVICES● Active	0687.849.962
Association des Clubs de Sports de Molenbeek● Active	0770.697.860
CALINE CHOCOLATE● Active	0727.975.595
DIGITAL SERVICE TRADING● Active	0849.089.005
ELLITE CONSTRUCT● Liquidation	0694.794.568
EL NASR INTERNATIONAL● Bankrupt	0547.933.697
FREEDAY● Active	0724.953.254
H SERVICES● Active	0802.580.572
IMAION● Active	0764.376.628
IMAION GROUP● Active	1029.629.759
INFLECTION POINT ASSET MANAGEMENT● Bankrupt	0653.776.634
Jack Events.● Active	0791.939.276
LIMINAL● Active	0787.602.782
Louisan● Active	1000.338.036
MOLEN LABEL● Active	1005.817.447
MTA Consult● Active	0505.909.339
RK COMPANY● Liquidation	0680.722.541
SES Construct Concept● Bankrupt	0544.287.487
TRADING MULTIMARKA● Active	0777.486.177
WOX5 TRADING● Active	0769.970.855

Annual accounts

Full financial information

	2018	2017	2016	2015	2014	2013
Type of account	Abridged model	Abridged model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014	01/01/2013
Closing of the financial year	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014	31/12/2013
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2019	30/08/2018	31/07/2017	31/08/2016	29/07/2015	22/06/2014
General meeting	15/06/2019	30/06/2018	30/06/2017	30/06/2016	30/06/2015	15/06/2014
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2018	15/06/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	22/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	17/05/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2008	02/03/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/03/2008	08/04/2009	Dutch	PDF
Abridged model	31/12/2006	04/03/2007	12/12/2007	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 31/12/2018 · 1 active · 5 ended

Active mandates

Besjan Ramaj

Manager · since 21 octobre 2016

Active

Ended mandates

LEONARD RAMAJ

Manager · since 26 février 2014

Ended

RINARD THANASI

Manager · since 26 février 2014

Ended

MAX SCHECHTL

Mandate

Ended

MAX SCHECHTL

Manager · until 26 février 2014

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/02/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/03/2014
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office05/07/2010
MAATSCHAPPELIJKE ZETEL
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

2018
Annual accounts 201815,5 k €↑
2017
Annual accounts 201713,9 k €↑
2016
Annual accounts 2016-1,2 k €↓
2015
Annual accounts 2015-771 €↑
2014
Annual accounts 2014-1,1 k €↓
2013
Annual accounts 201311,2 k €↑
2013
Name changeTF ART
2012
Annual accounts 2012-1,3 k €↓
2011
Annual accounts 20119,5 k €↑
2010
Annual accounts 2010-28,7 k €↓
2008
Annual accounts 2008
2007
Annual accounts 2007
2006
Annual accounts 20060,1 €
2006
Name changePAPER ART
13/07/1988
IncorporationPrivate company with limited liability

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

TF ART

Overview

What does TF ART do?

Trend over 12 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