OPENING OF BANKRUPTCY

FINESSE

Financial year 2021 · closed on 31/12/2021
Net result
8,2 k €
+92.2% YoY
Gross margin
74,9 k €
-40.5% YoY
Equity
88,7 k €
-20.3% YoY
Workforce
3,0 ETP
0.0% YoY

Company — Opening of bankruptcy.

What does FINESSE do?

FINESSE is a Public limited company incorporated in 1989. Its main activity is: Wholesale of sugar and chocolate and sugar confectionery. Its registered office is in Hasselt. It employs on average 3,0 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0439.046.447
Incorporation
24/11/1989
Legal form
Public limited company
Registered office
Walenstraat 88
3500 Hasselt · FlandreSee on map
Contributed capital
185 000,00 €
Latest accounts
31/12/2021
Average workforce
3,0 ETP
Joint committees (5)
  • 119
  • 11900
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20212018201720162015201420132012201120102009200820072006
Income statement
Gross margin74,9 k €125,8 k €90,8 k €56,2 k €146,2 k €159,4 k €183,7 k €158 k €28,9 k €120,9 k €172,8 k €198,8 k €247,1 k €267,1 k €
EBITDA14 k €8,7 k €-46,9 k €-91,3 k €1,4 k €11,3 k €26,9 k €24,7 k €-73,3 k €-5,1 k €24,4 k €51,8 k €47 k €35,3 k €
Operating result10,3 k €3,2 k €-52,3 k €-100,6 k €-5 k €5 k €19,4 k €15,7 k €-77,4 k €-10,2 k €-6,2 k €47,3 k €23,3 k €20,3 k €
Net result8,2 k €4,3 k €-51,2 k €-101,7 k €4,3 k €1,7 k €25,4 k €19,1 k €-116 k €-920,4 €17,1 k €29,1 k €5,5 k €7,6 k €
Balance sheet
Equity88,7 k €111,3 k €107,1 k €158,3 k €260 k €255,7 k €254 k €228,7 k €209,6 k €325,6 k €326,5 k €309,4 k €280,4 k €274,8 k €
Total assets209,5 k €274 k €300,4 k €336 k €423,2 k €413,2 k €471,7 k €390,7 k €319,2 k €442,4 k €464,7 k €486,8 k €490,5 k €540 k €
Cash37,5 k €35,2 k €22,6 k €73,2 k €99,5 k €86,7 k €85,7 k €36,3 k €54,8 k €85,5 k €122,8 k €126,5 k €83,2 k €61,7 k €
Debts120,8 k €162,3 k €191 k €177,5 k €163,2 k €157,5 k €217,6 k €162 k €109,6 k €116,8 k €138,2 k €157,4 k €190,2 k €241,4 k €
Other
Workforce3,0 ETP3,0 ETP3,6 ETP4,0 ETP3,8 ETP2,8 ETP3,8 ETP3,8 ETP3,4 ETP2,8 ETP3,8 ETP4,0 ETP6,1 ETP7,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 21 ended

Active mandates

HENDRIK CLAES

Director · since 10 octobre 2019 · until 13 juin 2025

Active
KARINE BECKERS

Director · since 10 octobre 2019 · until 13 juin 2025

Active

Ended mandates

Hendrik Claes

Director · since 24 septembre 2018 · until 08 juin 2024

Ended
Karine Beckers

Managing director · since 24 septembre 2018 · until 08 juin 2024

Ended
LUVIMO

Director · since 24 septembre 2018 · until 08 juin 2024 · 0439.087.425

Represented by Karine Beckers

Ended
LUVIMO

Director · since 02 janvier 2014 · until 31 décembre 2014 · 0439.087.425

Represented by Karine Beckers

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/08/202230/08/202130/10/202010/10/201925/09/201820/11/2017
General meeting23/08/202220/08/202108/09/202010/10/201924/09/201830/09/2017
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202123/08/202230/08/2022DutchPDF
Abridged model31/12/202020/08/202130/08/2021DutchPDF
Abridged model31/12/201908/09/202030/10/2020DutchPDF
Abridged model31/12/201810/10/201910/10/2019DutchPDF
Abridged model31/12/201724/09/201825/09/2018DutchPDF
Abridged model31/12/201630/09/201720/11/2017DutchPDF
Abridged model31/12/201530/08/201631/08/2016DutchPDF
Abridged model31/12/201410/06/201531/08/2015DutchPDF
Abridged model31/12/201317/12/201422/12/2014DutchPDF
Abridged model31/12/201208/06/201331/08/2013DutchPDF
Abridged model31/12/201109/07/201310/07/2013DutchPDF
Abridged model31/12/201010/06/201131/08/2011DutchPDF
Abridged model31/12/200910/06/201029/07/2010DutchPDF
Abridged model31/12/200808/06/200930/07/2009DutchPDF
Abridged model31/12/200709/06/200828/08/2008DutchPDF
Abridged model31/12/200608/06/200727/07/2007DutchPDF
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 31/12/2021 · 2 active · 21 ended

Active mandates

HENDRIK CLAES

Director · since 10 octobre 2019 · until 13 juin 2025

Active
KARINE BECKERS

Director · since 10 octobre 2019 · until 13 juin 2025

Active

Ended mandates

Hendrik Claes

Director · since 24 septembre 2018 · until 08 juin 2024

Ended
Karine Beckers

Managing director · since 24 septembre 2018 · until 08 juin 2024

Ended
LUVIMO

Director · since 24 septembre 2018 · until 08 juin 2024 · 0439.087.425

Represented by Karine Beckers

Ended
LUVIMO

Director · since 02 janvier 2014 · until 31 décembre 2014 · 0439.087.425

Represented by Karine Beckers

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office07/10/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates16/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/01/2013
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates25/06/2003
    ONTSLAGEN - BENOEMINGEN
    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. 2021
    Annual accounts 20218,2 k €
  2. 2018
    Annual accounts 20184,3 k €
  3. 2017
    Annual accounts 2017-51,2 k €
  4. 2016
    Annual accounts 2016-101,7 k €
  5. 2015
    Annual accounts 20154,3 k €
  6. 2014
    Annual accounts 20141,7 k €
  7. 2013
    Annual accounts 201325,4 k €
  8. 2012
    Annual accounts 201219,1 k €
  9. 2011
    Annual accounts 2011-116 k €
  10. 2010
    Annual accounts 2010-920,4 €
  11. 2009
    Annual accounts 200917,1 k €
  12. 2008
    Annual accounts 200829,1 k €
  13. 2007
    Annual accounts 20075,5 k €
  14. 2006
    Annual accounts 20067,6 k €
  15. 24/11/1989
    IncorporationPublic limited company