OPENING OF BANKRUPTCY

Vulcast

Financial year 2019 · closed on 31/12/2019
Net result
136,7 k €
-93.8% YoY
Revenue
9,5 M €
-9.5% YoY
Equity
1,1 M €
+14.2% YoY
Workforce
78,4 ETP
-6.7% YoY

Company — Opening of bankruptcy.

Strike-off: 23 juin 2026

What does Vulcast do?

Vulcast is a Public limited company incorporated in 1993. It employs on average 78,4 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0451.293.389
Incorporation
30/11/1993
Legal form
Public limited company
Latest accounts
31/12/2019
Average workforce
78,4 ETP
Joint committees (2)
  • 111
  • 209
Signals
ProfitableGood liquidityPositive cashflowHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

201920182017201620152014201320122011201020092008
Income statement
Revenue9,5 M €10,5 M €9,1 M €13,5 M €16,5 M €18,1 M €27,2 M €24,5 M €27 M €28,1 M €33,1 M €29 M €
EBITDA-1,7 M €-2,7 M €-2,7 M €1,8 M €172,2 k €-1,7 M €-771,3 k €-1,4 M €1 M €2,4 M €2,1 M €548,9 k €
Operating result-2,4 M €-3,5 M €-3,5 M €1 M €-618,6 k €-2,7 M €-1,8 M €-2,4 M €-137,1 k €1,2 M €832,7 k €-817,3 k €
Net result136,7 k €2,2 M €-3,6 M €971 k €124,7 €-7,9 M €-2 M €-2,7 M €-348,9 k €870,3 k €497,4 k €-1,6 M €
Balance sheet
Equity1,1 M €963,1 k €-1,2 M €2,4 M €1,4 M €-5,1 M €2,8 M €-183,3 k €2,5 M €2,9 M €2 M €1,5 M €
Total assets6,8 M €7,5 M €8,4 M €8 M €10,5 M €10 M €13,2 M €14,1 M €14,4 M €14,3 M €20 M €20,4 M €
Cash223,6 k €25,2 €25,2 €8 €358,3 €1,8 k €4,2 k €13,5 k €26,3 k €44,9 k €100,6 k €44,2 k €
Debts5,5 M €6,1 M €9,2 M €5 M €6,1 M €9,4 M €9,7 M €13,6 M €11,2 M €10,9 M €17,5 M €18 M €
Other
Workforce78,4 ETP84,0 ETP83,2 ETP82,3 ETP92,4 ETP135,2 ETP136,9 ETP132,2 ETP132,5 ETP133,5 ETP138,2 ETP138,5 ETP
Governance

Board of directors

Seen on filing of 31/12/2019 · 7 active · 21 ended

Active mandates

Giuseppe Grasso

Managing director · since 22 février 2019 · until 05 juin 2024

Active
Christopher Irion

Director · since 11 février 2019 · until 22 février 2019

Active
Marc Zube

Director · since 11 février 2019 · until 05 juin 2024

Active
Olaf Meier

Director · since 11 février 2019 · until 22 février 2019

Active
Patrick Viseur

Director · since 01 janvier 2018 · until 11 février 2019

Active
CALEO

Director · since 06 juin 2012 · until 11 février 2019 · 0845.980.748

Represented by Fabrice Heughebaert

Active
DOMARC

Director · since 09 novembre 2011 · until 11 février 2019 · 0840.649.213

Represented by Jean-Marc Xhenseval

Active

Ended mandates

Viseur Patrick

Director · since 01 janvier 2018 · until 06 juin 2018

Ended
Yvan Demarche

Director · since 28 octobre 2014 · until 03 juin 2015

Ended
Yvan Demarche

Director · since 28 octobre 2014 · until 31 décembre 2017

Ended
Yvan Demarche

Director · since 28 octobre 2014 · until 06 juin 2018

Ended
Annual accounts

Full financial information

201920182017201620152014
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201901/01/201801/01/201701/01/201601/01/201501/01/2014
Closing of the financial year31/12/201931/12/201831/12/201731/12/201631/12/201531/12/2014
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/09/202018/07/201901/08/201807/07/201712/07/201609/06/2015
General meeting07/09/202026/06/201906/06/201807/06/201701/06/201603/06/2015
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201907/09/202029/09/2020FrenchPDF
Full model31/12/201826/06/201918/07/2019FrenchPDF
Full model31/12/201706/06/201801/08/2018FrenchPDF
Full model31/12/201607/06/201707/07/2017FrenchPDF
Full model31/12/201501/06/201612/07/2016FrenchPDF
Full model31/12/201403/06/201509/06/2015FrenchPDF
Full model31/12/201304/06/201411/07/2014FrenchPDF
Full model31/12/201205/06/201318/06/2013FrenchPDF
Full model31/12/201106/06/201220/06/2012FrenchPDF
Full model31/12/201001/06/201124/06/2011FrenchPDF
Full model31/12/200902/06/201009/06/2010FrenchPDF
Full model31/12/200803/06/200909/07/2009FrenchPDF
Full model31/12/200704/06/200824/07/2008FrenchPDF
Full model31/12/200627/06/200702/08/2007FrenchPDF
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 31/12/2019 · 7 active · 21 ended

Active mandates

Giuseppe Grasso

Managing director · since 22 février 2019 · until 05 juin 2024

Active
Christopher Irion

Director · since 11 février 2019 · until 22 février 2019

Active
Marc Zube

Director · since 11 février 2019 · until 05 juin 2024

Active
Olaf Meier

Director · since 11 février 2019 · until 22 février 2019

Active
Patrick Viseur

Director · since 01 janvier 2018 · until 11 février 2019

Active
CALEO

Director · since 06 juin 2012 · until 11 février 2019 · 0845.980.748

Represented by Fabrice Heughebaert

Active
DOMARC

Director · since 09 novembre 2011 · until 11 février 2019 · 0840.649.213

Represented by Jean-Marc Xhenseval

Active

Ended mandates

Viseur Patrick

Director · since 01 janvier 2018 · until 06 juin 2018

Ended
Yvan Demarche

Director · since 28 octobre 2014 · until 03 juin 2015

Ended
Yvan Demarche

Director · since 28 octobre 2014 · until 31 décembre 2017

Ended
Yvan Demarche

Director · since 28 octobre 2014 · until 06 juin 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution07/07/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Dissolution23/03/2022
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Mandates18/03/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/02/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/02/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/02/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares03/01/2018
    CAPITAL, ACTIONS
    PDF
  • Mandates30/07/2015
    DEMISSIONS, NOMINATIONS
    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. 2019
    Annual accounts 2019136,7 k €
  2. 2018
    Annual accounts 20182,2 M €
  3. 2018
    Name changeVulcast
  4. 2017
    Annual accounts 2017-3,6 M €
  5. 2016
    Annual accounts 2016971 k €
  6. 2015
    Annual accounts 2015124,7 €
  7. 2014
    Annual accounts 2014-7,9 M €
  8. 2013
    Annual accounts 2013-2 M €
  9. 2012
    Annual accounts 2012-2,7 M €
  10. 2011
    Annual accounts 2011-348,9 k €
  11. 2010
    Annual accounts 2010870,3 k €
  12. 2009
    Annual accounts 2009497,4 k €
  13. 2008
    Annual accounts 2008-1,6 M €
  14. 2008
    Name changeMAGOLUX
  15. 30/11/1993
    IncorporationPublic limited company