OPENING OF BANKRUPTCY

POTATO MASTERS

Company — Opening of bankruptcy.

Financial year 2013 · Closed on 31/12/2013

Net result-6 M €-207,6 %over 1 year
Revenue19,8 M €+26,3 %over 1 year
Equity3,2 M €-64,8 %over 1 year
Workforce36,6 ETP+15,5 %over 1 year

Identity

Source · BCE/KBO

POTATO MASTERS is a Public limited company incorporated in 1997. Its main activity is: Wholesale of other food, including fish, crustaceans and molluscs. Its registered office is in Deinze. It employs on average 36,6 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0460.732.875
Incorporation
04/06/1997
Legal form
Public limited company
Registered office
Vaart Rechteroever 49
9800 Deinze · FlandreSee on map
Latest accounts
31/12/2013
Average workforce
36,6 ETP
Joint committees (2)
  • 119
  • 218
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 8 filings

Trend over 8 financial years

20132012201120102009
Income statement
Revenue19,8 M €15,7 M €19,7 M €19 M €22,3 M €
EBITDA-4,4 M €-2,7 M €482 k €-4,5 k €1,7 M €
Operating result-5,6 M €-3,8 M €-783,3 k €-1,5 M €-120,6 k €
Net result-6 M €-1,9 M €137,1 k €-24,3 k €-501,5 k €
Balance sheet
Equity3,2 M €9,2 M €7,3 M €10,8 M €10,9 M €
Total assets15,3 M €18,3 M €15,9 M €24,2 M €23,5 M €
Cash77,2 k €1,2 M €1,5 M €866,7 k €318,9 k €
Debts10,5 M €8,2 M €8,3 M €13,2 M €12,2 M €
Other
Workforce36,6 ETP31,7 ETP38,5 ETP45,1 ETP48,3 ETP

Board of directors

Source · NBB, accounts to 31/12/2013

6 active · 16 ended

Active mandates

PEGE AIR

Director · since 21 mai 2012 · until 19 juin 2015 · 0846.136.047

Represented by Patrick Gresse

Active
I.T.V.

Director · since 18 janvier 2012 · until 19 juin 2015 · 0816.573.219

Represented by Gino Vantieghem

Active
Immo Eurogres

Director · since 19 juin 2009 · until 19 juin 2015 · 0442.408.585

Represented by Koen Deprez

Active
INTER - URBIS

Director · since 19 juin 2009 · until 19 juin 2015 · 0465.615.044

Represented by Koen Deprez

Active
Koen Deprez

Managing director · since 19 juin 2009 · until 19 juin 2015

Active
RURIS

Director · since 19 juin 2009 · until 19 juin 2015 · 0881.664.375

Represented by Koen Deprez

Active

Ended mandates

PEGE AIR

Director · since 21 mai 2012 · until 17 juin 2015 · 0846.136.047

Represented by Patrick Gresse

Ended
Moore Audit

Mandate · since 17 juin 2011 · until 17 juin 2014 · 0453.925.059

Represented by Jacques Van den Abeele

Ended
IMMO EUROGRES

Director · since 19 juin 2009 · until 19 juin 2015 · 0442.408.585

Represented by Koen DEPREZ

Ended
IMMO EUROGRES NV

Director · since 19 juin 2009 · until 19 juin 2015 · 0442.408.585

Represented by Koen DEPREZ

Ended

Full financial information

Source · NBB
201320122011201020092008
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201301/01/201201/01/201101/01/201001/01/200901/01/2008
Closing of the financial year31/12/201331/12/201231/12/201131/12/201031/12/200931/12/2008
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/12/201411/07/201305/07/201228/06/201106/07/201030/06/2009
General meeting20/12/201421/06/201315/06/201217/06/201118/06/201019/06/2009
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201320/12/201420/12/2014DutchPDF
Full model31/12/201221/06/201311/07/2013DutchPDF
Full model31/12/201115/06/201205/07/2012DutchPDF
Full model31/12/201017/06/201128/06/2011DutchPDF
Full model31/12/200918/06/201006/07/2010DutchPDF
Full model31/12/200819/06/200930/06/2009DutchPDF
Full model31/12/200720/06/200802/07/2008DutchPDF
Full model31/12/200615/06/200718/06/2007DutchPDF

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 31/12/2013

6 active · 16 ended

Active mandates

PEGE AIR

Director · since 21 mai 2012 · until 19 juin 2015 · 0846.136.047

Represented by Patrick Gresse

Active
I.T.V.

Director · since 18 janvier 2012 · until 19 juin 2015 · 0816.573.219

Represented by Gino Vantieghem

Active
Immo Eurogres

Director · since 19 juin 2009 · until 19 juin 2015 · 0442.408.585

Represented by Koen Deprez

Active
INTER - URBIS

Director · since 19 juin 2009 · until 19 juin 2015 · 0465.615.044

Represented by Koen Deprez

Active
Koen Deprez

Managing director · since 19 juin 2009 · until 19 juin 2015

Active
RURIS

Director · since 19 juin 2009 · until 19 juin 2015 · 0881.664.375

Represented by Koen Deprez

Active

Ended mandates

PEGE AIR

Director · since 21 mai 2012 · until 17 juin 2015 · 0846.136.047

Represented by Patrick Gresse

Ended
Moore Audit

Mandate · since 17 juin 2011 · until 17 juin 2014 · 0453.925.059

Represented by Jacques Van den Abeele

Ended
IMMO EUROGRES

Director · since 19 juin 2009 · until 19 juin 2015 · 0442.408.585

Represented by Koen DEPREZ

Ended
IMMO EUROGRES NV

Director · since 19 juin 2009 · until 19 juin 2015 · 0442.408.585

Represented by Koen DEPREZ

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/08/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/01/2013
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring20/07/2012
    ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring15/05/2012
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring15/05/2012
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates27/07/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/07/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/01/2009
    ONTSLAGEN - BENOEMINGEN
    PDF

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

See the Business plan

Timeline

  1. 2013
    Annual accounts 2013-6 M €↓
  2. 2012
    Annual accounts 2012-1,9 M €↓
  3. 2011
    Annual accounts 2011137,1 k €↑
  4. 2010
    Annual accounts 2010-24,3 k €↑
  5. 2009
    Annual accounts 2009-501,5 k €↓
  6. 2008
    Annual accounts 2008255,8 k €↓
  7. 2007
    Annual accounts 20073,1 M €↓
  8. 2006
    Annual accounts 20063,2 M €
  9. 04/06/1997
    IncorporationPublic limited company