OPENING OF BANKRUPTCY

FREE WORLD SERVICES

Financial year 2017 · closed on 31/12/2017
Net result
68,4 k €
+329.5% YoY
Gross margin
129,9 k €
+150.9% YoY
Equity
-133,2 k €
+33.9% YoY

Company — Opening of bankruptcy.

What does FREE WORLD SERVICES do?

FREE WORLD SERVICES is a Private company with limited liability incorporated in 1994. Its main activity is: Real estate agencies. Its registered office is in La Louvière.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0452.933.283
Incorporation
21/06/1994
Legal form
Private company with limited liability
Registered office
Chaussée du Pont du Sart(H-A) 232 box B
7110 La Louvière · WallonieSee on map
Latest accounts
31/12/2017
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

201720162015201420132012201120102009200820072006
Income statement
Gross margin129,9 k €51,8 k €78,4 k €46 k €81,2 k €56,2 k €-19,3 k €-37,3 k €1,1 k €63,5 k €5,7 k €-5 k €
EBITDA70,2 k €-23,4 k €-14,7 k €-79,4 k €-6,8 k €-31,4 k €-23,1 k €-41 k €-518,9 €61,6 k €4,4 k €-5,7 k €
Operating result69,6 k €-24 k €-14,8 k €-80,7 k €-8,5 k €-33,7 k €-30,4 k €-43,2 k €-2,5 k €55 k €-1,8 k €-11,8 k €
Net result68,4 k €-29,8 k €-17 k €-79,9 k €-8,1 k €-34,1 k €-30 k €-45,2 k €-1,9 k €33,7 k €-1,9 k €-12 k €
Balance sheet
Equity-133,2 k €-201,6 k €-171,8 k €-154,8 k €-74,9 k €-66,8 k €-32,7 k €-2,7 k €42,6 k €44,5 k €10,8 k €12,7 k €
Total assets165 k €75,5 k €77,4 k €36,4 k €64,3 k €55,2 k €40,1 k €166,7 k €117,4 k €97,9 k €15,9 k €17,8 k €
Cash4,5 k €14,7 k €1,8 k €121 €5,5 k €179,2 €10,9 k €25,3 k €14 k €57,7 k €7,1 k €4,3 k €
Debts298,2 k €276,6 k €249,2 k €191 k €139,2 k €122 k €72,8 k €169 k €74,8 k €32,2 k €4,9 k €4,8 k €
Other
Workforce3,0 ETP3,0 ETP3,0 ETP2,6 ETP0,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2017 · 1 active · 2 ended

Active mandates

MOHAMED CHEHIH

Manager · since 01 septembre 2009

Active

Ended mandates

Mohamed CHEHIH

Manager · since 01 octobre 2009

Ended
SEMIRA HADEF

Manager · since 26 juin 2006

Ended
At this address

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CONFORT SOINActive
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EQUI-RESOLActive
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GFP CONSTRUCTIONBankrupt
0743.688.706
I.F. ELECActive
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KALENCIAActive
0723.450.744
LCS AVOCATSActive
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0456.450.920
LITTLE SICILYActive
0755.437.483
LODKADAYMONELiquidation
0751.551.842
M4Y CONSULTActive
0686.910.448
MKM-BATBankrupt
0641.985.590
0632.606.482
0663.959.753
Annual accounts

Full financial information

201720162015201420132012
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged 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 date27/07/201825/07/201728/07/201631/07/201528/07/201429/07/2013
General meeting08/05/201809/05/201710/05/201612/05/201513/05/201414/05/2013
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/201708/05/201827/07/2018FrenchPDF
Micro model31/12/201609/05/201725/07/2017FrenchPDF
Abridged model31/12/201510/05/201628/07/2016FrenchPDF
Abridged model31/12/201412/05/201531/07/2015FrenchPDF
Abridged model31/12/201313/05/201428/07/2014FrenchPDF
Abridged model31/12/201214/05/201329/07/2013FrenchPDF
Abridged model31/12/201108/05/201226/07/2012FrenchPDF
Abridged model31/12/201010/05/201126/07/2011FrenchPDF
Abridged model31/12/200911/05/201022/07/2010FrenchPDF
Abridged model31/12/200812/05/200927/07/2009FrenchPDF
Abridged model31/12/200713/05/200826/07/2008FrenchPDF
Abridged model31/12/200608/05/200726/07/2007FrenchPDF
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 31/12/2017 · 1 active · 2 ended

Active mandates

MOHAMED CHEHIH

Manager · since 01 septembre 2009

Active

Ended mandates

Mohamed CHEHIH

Manager · since 01 octobre 2009

Ended
SEMIRA HADEF

Manager · since 26 juin 2006

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Court decision07/02/2019
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Registered office15/01/2019
    SIEGE SOCIAL
    PDF
  • Registered office23/04/2014
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Mandates08/03/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office27/02/2013
    SIEGE SOCIAL
    PDF
  • Mandates22/12/2009
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/07/2006
    MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates02/07/2004
    SIEGE SOCIAL - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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Timeline

  1. 2017
    Annual accounts 201768,4 k €
  2. 2016
    Annual accounts 2016-29,8 k €
  3. 2015
    Annual accounts 2015-17 k €
  4. 2014
    Annual accounts 2014-79,9 k €
  5. 2013
    Annual accounts 2013-8,1 k €
  6. 2012
    Annual accounts 2012-34,1 k €
  7. 2011
    Annual accounts 2011-30 k €
  8. 2010
    Annual accounts 2010-45,2 k €
  9. 2009
    Annual accounts 2009-1,9 k €
  10. 2008
    Annual accounts 200833,7 k €
  11. 2007
    Annual accounts 2007-1,9 k €
  12. 2006
    Annual accounts 2006-12 k €
  13. 21/06/1994
    IncorporationPrivate company with limited liability