OPENING OF BANKRUPTCY

POWER FINANCE GROUP

Company — Opening of bankruptcy.

Strike-off: 25 juillet 2026

Financial year 2011 · Closed on 31/12/2011

Net result-1,5 M €-276,6 %over 1 year
Revenue746 k €
Equity-445,5 k €-140,4 %over 1 year
Workforce1,0 ETP-28,6 %over 1 year

Identity

Source · BCE/KBO

POWER FINANCE GROUP is a Public limited company incorporated in 1989. It employs on average 1,0 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0438.592.329
Incorporation
18/10/1989
Legal form
Public limited company
Latest accounts
31/12/2011
Average workforce
1,0 ETP
Joint committees (1)
  • 307
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20112010200920072006
Income statement
Revenue746 k €–––3,7 M €
EBITDA20 k €-669,8 k €-1,6 M €926,5 k €1,5 M €
Operating result-1,6 M €-1,7 M €-2,3 M €-116,3 k €18,9 k €
Net result-1,5 M €877 k €-2,6 M €-228,4 k €-235,6 k €
Balance sheet
Equity-445,5 k €1,1 M €226,3 k €696,3 k €924,7 k €
Total assets3,4 M €5,2 M €4,1 M €6,9 M €8,3 M €
Cash60,3 k €53,6 k €246,2 k €59,8 k €706,3 k €
Debts3,9 M €4,1 M €3,8 M €6,2 M €7,4 M €
Other
Workforce1,0 ETP1,4 ETP2,6 ETP2,4 ETP1,8 ETP

Board of directors

Source · NBB, accounts to 31/12/2011

4 active · 10 ended

Active mandates

ERIK SEYNAEVE

Director · since 30 juin 2011

Active
ADP - RENT

Managing director · since 15 mars 2006 · until 30 juin 2011 · 0452.163.025

Represented by LUC AERTS

Active
POWER INVEST GROUP

Director · since 18 avril 2005 · until 30 juin 2011 · 0861.512.131

Represented by LUC AERTS

Active
DIGERSO

Managing director · 0439.055.157

Represented by Cristiàn Thiers

Active

Ended mandates

ADP - RENT

Managing director · since 15 mars 2006 · 0452.163.025

Represented by Luc Aerts

Ended
ADP - RENT

Managing director · since 15 mars 2006 · 0452.163.025

Represented by Luc Aerts

Ended
DIGERSO

Managing director · since 15 mars 2006 · 0439.055.157

Represented by Christian Thiers

Ended
DIGERSO

Managing director · since 15 mars 2006 · 0439.055.157

Represented by Christian Thiers

Ended

Full financial information

Source · NBB
20112010200920072006
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/201101/10/200901/01/200801/01/200701/01/2006
Closing of the financial year31/12/201131/12/201030/09/200931/12/200731/12/2006
Length of the financial year12 months15 months21 months12 months12 months
Filing date03/12/201210/02/201210/02/201029/07/200827/07/2007
General meeting24/09/201220/01/201205/02/201006/06/200801/06/2007
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201124/09/201203/12/2012DutchPDF
Abridged model31/12/201020/01/201210/02/2012DutchPDF
Abridged model30/09/200905/02/201010/02/2010DutchPDF
Abridged model31/12/200706/06/200829/07/2008DutchPDF
Abridged model31/12/200601/06/200727/07/2007DutchPDF

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 31/12/2011

4 active · 10 ended

Active mandates

ERIK SEYNAEVE

Director · since 30 juin 2011

Active
ADP - RENT

Managing director · since 15 mars 2006 · until 30 juin 2011 · 0452.163.025

Represented by LUC AERTS

Active
POWER INVEST GROUP

Director · since 18 avril 2005 · until 30 juin 2011 · 0861.512.131

Represented by LUC AERTS

Active
DIGERSO

Managing director · 0439.055.157

Represented by Cristiàn Thiers

Active

Ended mandates

ADP - RENT

Managing director · since 15 mars 2006 · 0452.163.025

Represented by Luc Aerts

Ended
ADP - RENT

Managing director · since 15 mars 2006 · 0452.163.025

Represented by Luc Aerts

Ended
DIGERSO

Managing director · since 15 mars 2006 · 0439.055.157

Represented by Christian Thiers

Ended
DIGERSO

Managing director · since 15 mars 2006 · 0439.055.157

Represented by Christian Thiers

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/11/2012
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/03/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/04/2011
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other15/10/2010
    STATUTENWIJZIGING: WIJZIGING BOEKJAAR & DATUM
    PDF
  • Capital / shares16/10/2009
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other05/01/2009
    STATUTENWIJZIGING: WIJZIGING BOEKJAAR & DATUM
    PDF
  • Mandates09/10/2008
    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. 2011
    Annual accounts 2011-1,5 M €↓
  2. 2010
    Annual accounts 2010877 k €↑
  3. 2009
    Annual accounts 2009-2,6 M €↓
  4. 2007
    Annual accounts 2007-228,4 k €↑
  5. 2006
    Annual accounts 2006-235,6 k €
  6. 18/10/1989
    IncorporationPublic limited company