OPENING OF BANKRUPTCY

Cartoflex Windows

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Company — Opening of bankruptcy.

Financial year 2017 · Closed on 31/12/2017

Net result
-3 M €
-2 265,5 %over 1 year
Revenue
8,8 M €
-15,7 %over 1 year
Equity
-1,7 M €
-220,7 %over 1 year
Workforce
38,3 ETP
-3,8 %over 1 year

Identity

Source · BCE/KBO

Cartoflex Windows is a Private company with limited liability incorporated in 1989. Its main activity is: Joinery installation. Its registered office is in Gent. It employs on average 38,3 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0436.512.767
Incorporation
31/01/1989
Legal form
Private company with limited liability
Registered office
Industrieweg 122G
9032 Gent · FlandreSee on map
Latest accounts
31/12/2017
Average workforce
38,3 ETP
Joint committees (4)
  • 111
  • 124
  • 209
  • 218
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 12 filings

Trend over 12 financial years

20172016201520142013
Income statement
Revenue8,8 M €10,4 M €14,1 M €15,2 M €15,6 M €
EBITDA-2,1 M €-3,6 k €-717,8 k €580,6 k €1,5 M €
Operating result-2,8 M €-60,9 k €-794,1 k €316,2 k €1,1 M €
Net result-3 M €-128,3 k €-624,5 k €244,9 k €873,6 k €
Balance sheet
Equity-1,7 M €1,4 M €1,5 M €2,1 M €1,9 M €
Total assets3,4 M €4,3 M €5,7 M €5,5 M €6,4 M €
Cash272,8 k €591,7 k €543,6 k €694,6 k €589,8 k €
Debts5 M €2,9 M €4,2 M €3,4 M €4,5 M €
Other
Workforce38,3 ETP39,8 ETP41,1 ETP40,9 ETP38,9 ETP

Board of directors

Source · NBB, accounts to 31/12/2017

1 active · 11 ended

Active mandates

INVITA

Manager · since 18 octobre 2016 · 0645.847.972

Represented by Jacques Bertrand

Active

Ended mandates

INVITA

Manager · since 18 octobre 2016 · 0645.847.972

Represented by Jacques Bertrand

Ended
ACM MANAGEMENT

Manager · since 01 avril 2014 · until 08 février 2016 · 0540.710.464

Represented by Koen Destoop

Ended
Koen Destoop

Manager · since 01 avril 2014

Ended
Windoco

Manager · since 14 septembre 2011 · 0838.402.573

Represented by Wim Vernaeve

Ended

Other companies at this address

Industrieweg 122G 9032 Gent
CompanyCBE no.
HELS● Active
0765.583.683

Full financial information

Source · NBB
201720162015201420132012
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201701/01/201601/01/201501/01/201401/01/201301/01/2012
Closing of the financial year31/12/201731/12/201631/12/201531/12/201431/12/201331/12/2012
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/09/201810/08/201711/07/201608/07/201528/07/201427/06/2013
General meeting12/09/201814/07/201730/06/201630/06/201530/06/201428/05/2013
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201712/09/201820/09/2018DutchPDF
Full model31/12/201614/07/201710/08/2017DutchPDF
Full model31/12/201530/06/201611/07/2016DutchPDF
Full model31/12/201430/06/201508/07/2015DutchPDF
Full model31/12/201330/06/201428/07/2014DutchPDF
Full model31/12/201228/05/201327/06/2013DutchPDF
Abridged model31/12/201122/05/201224/05/2012DutchPDF
Abridged model31/12/201014/06/201129/06/2011DutchPDF
Abridged model31/12/200906/07/201023/07/2010DutchPDF
Abridged model31/12/200826/05/200925/06/2009DutchPDF
Abridged model31/12/200727/05/200806/08/2008DutchPDF
Abridged model31/12/200622/05/200714/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2017

1 active · 11 ended

Active mandates

INVITA

Manager · since 18 octobre 2016 · 0645.847.972

Represented by Jacques Bertrand

Active

Ended mandates

INVITA

Manager · since 18 octobre 2016 · 0645.847.972

Represented by Jacques Bertrand

Ended
ACM MANAGEMENT

Manager · since 01 avril 2014 · until 08 février 2016 · 0540.710.464

Represented by Koen Destoop

Ended
Koen Destoop

Manager · since 01 avril 2014

Ended
Windoco

Manager · since 14 septembre 2011 · 0838.402.573

Represented by Wim Vernaeve

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office10/08/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Court decision17/05/2018
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Mandates14/11/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/03/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/01/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2014
    DIVERSEN
    PDF
  • Mandates22/12/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/04/2014
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2017
    Annual accounts 2017-3 M €↓
  2. 2016
    Annual accounts 2016-128,3 k €↑
  3. 2015
    Annual accounts 2015-624,5 k €↓
  4. 2014
    Annual accounts 2014244,9 k €↓
  5. 2013
    Annual accounts 2013873,6 k €↓
  6. 2012
    Annual accounts 2012888 k €↑
  7. 2011
    Annual accounts 2011633,5 k €↑
  8. 2010
    Annual accounts 2010311 k €↑
  9. 2010
    Name changeCartoflex Windows
  10. 2009
    Annual accounts 2009107,5 k €↓
  11. 2008
    Annual accounts 2008166,8 k €↑
  12. 2007
    Annual accounts 200791,6 k €↑
  13. 2006
    Annual accounts 200682,9 k €
  14. 2006
    Name changeCARTOFLEX
  15. 31/01/1989
    IncorporationPrivate company with limited liability