OPENING OF BANKRUPTCY

Hülsta Belgium

Financial year 2022 · closed on 31/12/2022
Net result
-257,2 k €
-263.5% YoY
Gross margin
-13,1 k €
-109.6% YoY
Equity
-115,7 k €
-181.8% YoY
Workforce
1,8 ETP
0.0% YoY

Company — Opening of bankruptcy.

Strike-off: 03 septembre 2026

What does Hülsta Belgium do?

Hülsta Belgium is a Public limited company incorporated in 1991. Its registered office is in Eupen. It employs on average 1,8 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0444.244.459
Incorporation
29/05/1991
Legal form
Public limited company
Registered office
Rue d'Aix la Chapelle 182
4701 Eupen · WallonieSee on map
Contributed capital
285 860,17 €
Latest accounts
31/12/2022
Average workforce
1,8 ETP
Joint committees (2)
  • 200
  • 218
Signals
Healthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202220212020201920152014201220112010200920082007
Income statement
Gross margin-13,1 k €136,9 k €85,7 k €62,7 k €
EBITDA-251,8 k €-93,6 k €-57,0 k €-164,2 k €-34,7 k €81,7 k €246,7 k €278,4 k €409,4 k €580,6 k €610,7 k €792,9 k €
Operating result-251,8 k €-93,6 k €-57,0 k €-164,2 k €-34,7 k €81,7 k €246,7 k €278,4 k €416,1 k €580,6 k €604,5 k €807,2 k €
Net result-257,2 k €-70,7 k €-73,6 k €-172,0 k €-53,5 k €48,9 k €189,5 k €201,8 k €252,5 k €382,2 k €351,6 k €526,1 k €
Balance sheet
Equity-115,7 k €141,5 k €212,2 k €-114,1 k €394,2 k €447,8 k €676,2 k €1,5 M €1,3 M €1,0 M €650,1 k €298,5 k €
Total assets126,2 k €272,8 k €836,0 k €207,0 k €1,0 M €674,2 k €2,0 M €2,6 M €2,1 M €1,7 M €1,2 M €716,1 k €
Cash106,9 k €109,0 k €58,9 k €59,4 k €155,2 k €102,7 k €75,8 k €176,9 k €116,3 k €164,1 k €145,6 k €93,2 k €
Debts190,8 k €117,3 k €607,7 k €287,2 k €523,3 k €122,1 k €1,1 M €909,0 k €665,6 k €511,9 k €361,6 k €207,6 k €
Other
Workforce1,8 ETP1,8 ETP1,8 ETP1,8 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,8 ETP2,4 ETP2,0 ETP1,7 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 23 ended

Active mandates

Mike Hemmerich

Managing director · since 10 novembre 2023 · until 10 novembre 2029

Active
Thomas Christian Knecht

Managing director · since 17 décembre 2019 · until 10 novembre 2023

Active

Ended mandates

Thomas Christian Knecht

Managing director · since 17 décembre 2019 · until 17 décembre 2025

Ended
Christian Andreas Maurer

Managing director · since 20 décembre 2018 · until 17 décembre 2019

Ended
Christian Andreas Maurer

Managing director · since 20 décembre 2018 · until 07 juin 2024

Ended
Jutta Feldkamp

Director · since 05 septembre 2016 · until 20 décembre 2018

Ended
Annual accounts

Full financial information

202220212020201920182017
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelFull modelFull model
Start of the financial year01/01/202201/01/202101/01/202001/01/201901/01/201801/01/2017
Closing of the financial year31/12/202231/12/202131/12/202031/12/201931/12/201831/12/2017
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/01/202412/07/202229/06/202112/11/202008/07/201921/06/2018
General meeting05/01/202430/06/202225/06/202130/10/202031/05/201901/06/2018
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
Abridged model31/12/202205/01/202412/01/2024GermanPDF
Abridged model31/12/202130/06/202212/07/2022GermanPDF
Abridged model31/12/202025/06/202129/06/2021GermanPDF
Abridged model31/12/201930/10/202012/11/2020GermanPDF
Full model31/12/201831/05/201908/07/2019DutchPDF
Full model31/12/201701/06/201821/06/2018DutchPDF
Full model31/12/201623/06/201714/07/2017DutchPDF
Full model31/12/201524/06/201604/08/2016DutchPDF
Full model31/12/201405/06/201517/08/2015DutchPDF
Full model31/12/201306/06/201411/08/2014DutchPDF
Full model31/12/201207/06/201313/07/2013DutchPDF
Full model31/12/201122/06/201225/07/2012DutchPDF
Full model31/12/201024/06/201102/08/2011DutchPDF
Full model31/12/200904/06/201022/06/2010DutchPDF
Full model31/12/200805/06/200930/06/2009DutchPDF
Full model31/12/200706/06/200816/07/2008DutchPDF
Full model31/12/200601/06/200719/07/2007DutchPDF
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 31/12/2022 · 2 active · 23 ended

Active mandates

Mike Hemmerich

Managing director · since 10 novembre 2023 · until 10 novembre 2029

Active
Thomas Christian Knecht

Managing director · since 17 décembre 2019 · until 10 novembre 2023

Active

Ended mandates

Thomas Christian Knecht

Managing director · since 17 décembre 2019 · until 17 décembre 2025

Ended
Christian Andreas Maurer

Managing director · since 20 décembre 2018 · until 17 décembre 2019

Ended
Christian Andreas Maurer

Managing director · since 20 décembre 2018 · until 07 juin 2024

Ended
Jutta Feldkamp

Director · since 05 septembre 2016 · until 20 décembre 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other25/03/2024
    VERSCHIEDENES
    PDF
  • Mandates28/02/2024
    ENTLASSUNG - ERNENNUNG
    PDF
  • Other06/06/2023
    SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, …)
    PDF
  • Registered office16/09/2022
    GESELLSCHAFTSSITZ
    PDF
  • Other03/03/2021
    VERSCHIEDENES
    PDF
  • Capital / shares21/01/2021
    KAPITAL - AKTIEN
    PDF
  • Mandates14/09/2020
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates23/08/2019
    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. 2022
    Annual accounts 2022-257,2 k €
  2. 2021
    Annual accounts 2021-70,7 k €
  3. 2020
    Annual accounts 2020-73,6 k €
  4. 2019
    Annual accounts 2019-172,0 k €
  5. 2015
    Annual accounts 2015-53,5 k €
  6. 2014
    Annual accounts 201448,9 k €
  7. 2012
    Annual accounts 2012189,5 k €
  8. 2011
    Annual accounts 2011201,8 k €
  9. 2010
    Annual accounts 2010252,5 k €
  10. 2009
    Annual accounts 2009382,2 k €
  11. 2008
    Annual accounts 2008351,6 k €
  12. 2007
    Annual accounts 2007526,1 k €
  13. 29/05/1991
    IncorporationPublic limited company