OPENING OF BANKRUPTCY

SIMETI ENGINEERING

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Financial year 2019 · closed on 31/12/2019

Net result

12,3 k €

-74.8% YoY

Gross margin

2,2 M €

+6.3% YoY

Equity

722,5 k €

+1.7% YoY

Workforce

48,1 ETP

+9.3% YoY

Company — Opening of bankruptcy.

What does SIMETI ENGINEERING do?

SIMETI ENGINEERING is a Public limited company incorporated in 1997. Its main activity is: Electrical installation. Its registered office is in Saint-Ghislain. It employs on average 48,1 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0461.852.236

Incorporation

06/11/1997

Legal form

Public limited company

Registered office

Zone art. de la Rivièrette(SG) 9
7330 Saint-Ghislain · Wallonie

Latest accounts

31/12/2019

Average workforce

48,1 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	+6.3%	2 M €	+15.0%	1,8 M €	-17.9%	2,1 M €	+51.9%	1,4 M €	-18.6%	1,7 M €	-15.5%	2,1 M €	+33.5%	1,5 M €	-1.7%	1,6 M €	+29.7%	1,2 M €	-4.7%	1,3 M €	-28.5%	1,8 M €	-2.1%	1,8 M €	-1.1%	1,8 M €
EBITDA	337,7 k €	-12.2%	384,5 k €	+61.2%	238,5 k €	-65.2%	684,9 k €	+178%	246,5 k €	+184%	86,8 k €	-81.2%	460,6 k €	+24.3%	370,4 k €	+160%	142,3 k €	+1.6%	140,1 k €	-9.9%	155,5 k €	-52.4%	326,9 k €	+70.2%	192,1 k €	-13.3%	221,6 k €
Operating result	247,6 k €	-15.6%	293,3 k €	+88.0%	156 k €	-73.0%	578,9 k €	+203%	190,8 k €	+4214%	-4,6 k €	-102%	194,2 k €	-22.0%	249,2 k €	+837%	-33,8 k €	-144%	76,2 k €	-42.4%	132,3 k €	+972%	-15,2 k €	-113%	115,3 k €	-16.1%	137,4 k €
Net result	12,3 k €	-74.8%	48,6 k €	+2.2%	47,5 k €	-86.7%	356,9 k €	+930%	34,7 k €	+123%	-150,3 k €	-1112%	14,9 k €	-86.1%	107,1 k €	+217%	-91,8 k €	-304%	-22,7 k €	-156%	40,5 k €	+123%	-173,3 k €	-1266%	14,9 k €	-79.4%	72 k €
Balance sheet
Equity	722,5 k €	+1.7%	710,2 k €	+7.3%	661,7 k €	+7.7%	614,1 k €	+139%	257,2 k €	+68.6%	152,6 k €	-48.0%	293,2 k €	+64.4%	178,4 k €	+150%	71,3 k €	-56.3%	163,1 k €	-12.2%	185,8 k €	+27.9%	145,3 k €	-54.4%	318,6 k €	+4.9%	303,8 k €
Total assets	3,6 M €	+0.4%	3,5 M €	+3.1%	3,4 M €	+9.4%	3,1 M €	+92.3%	1,6 M €	+29.6%	1,3 M €	-54.3%	2,8 M €	+58.5%	1,7 M €	+1.1%	1,7 M €	+40.7%	1,2 M €	+11.4%	1,1 M €	-18.6%	1,3 M €	+6.7%	1,3 M €	-13.9%	1,5 M €
Cash	208,7 k €	+1779%	11,1 k €	-59.7%	27,6 k €	-89.1%	252,5 k €	+94.5%	129,8 k €	+1315%	9,2 k €	-74.8%	36,4 k €	+8.3%	33,6 k €	+15.2%	29,2 k €	-33.2%	43,7 k €	+3287%	1,3 k €	-86.3%	9,4 k €	+89.5%	5 k €	+136%	2,1 k €
Debts	2,8 M €	+0.6%	2,8 M €	+1.5%	2,8 M €	+9.9%	2,5 M €	+83.6%	1,4 M €	+24.2%	1,1 M €	-55.1%	2,5 M €	+58.2%	1,6 M €	-5.6%	1,6 M €	+55.6%	1,1 M €	+17.0%	904,5 k €	-24.0%	1,2 M €	+28.0%	929,9 k €	-19.3%	1,2 M €
Other
Workforce	48,1 ETP	+9.3%	44,0 ETP	+7.3%	41,0 ETP	+2.2%	40,1 ETP	+8.7%	36,9 ETP	-9.6%	40,8 ETP	0.0%	40,8 ETP	+40.7%	29,0 ETP	-19.4%	36,0 ETP	+6.5%	33,8 ETP	-8.4%	36,9 ETP	-18.9%	45,5 ETP	-27.4%	62,7 ETP	+10.8%	56,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2019 · 1 active · 3 ended

Active mandates

ELECTRICAL ENTREPRISE

Mandate

Represented by EDOARDO VESPA

Active

Ended mandates

ELECTRICAL ENTERPRISE

Managing director · since 11 avril 2014 · until 10 avril 2020

Represented by EDOARDO VESPA

Ended

EDUARDO VESPA

Managing director

Ended

ELECTRICAL ENTERPRISE

Managing director

Represented by EDOARDO VESPA

Ended

At this address

Other companies at this address

Company	CBE no.
FINALITE● Bankrupt	0452.245.672
GREEN CITY WALLONIE 2● Active	0668.595.363
GREEN CITY WALLONIE 3● Active	0742.906.568
GREEN CITY WALLONIE 4● Active	0766.453.517
SIMETI● Bankrupt	0456.906.226
SOLAR CITY WALLONIE● Active	0508.651.370

Annual accounts

Full financial information

	2019	2018	2017	2016	2015	2014
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2019	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014
Closing of the financial year	31/12/2019	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2020	09/12/2019	29/10/2018	17/03/2017	01/12/2016	21/08/2015
General meeting	16/10/2020	27/05/2019	03/09/2018	10/03/2017	19/02/2016	30/07/2015
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2019	16/10/2020	30/10/2020	French	PDF
Abridged modelCorrection	31/12/2018	27/05/2019	09/12/2019	French	PDF
Abridged model	31/12/2018	27/05/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	03/09/2018	29/10/2018	French	PDF
Abridged model	31/12/2016	10/03/2017	17/03/2017	French	PDF
Abridged modelCorrection	31/12/2015	19/02/2016	01/12/2016	French	PDF
Abridged model	31/12/2015	19/02/2016	24/02/2016	French	PDF
Abridged model	31/12/2014	30/07/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	28/05/2014	French	PDF
Abridged modelCorrection	31/12/2012	22/11/2013	28/11/2013	French	PDF
Abridged model	31/12/2012	23/04/2013	24/04/2013	French	PDF
Abridged model	31/12/2011	30/11/2012	20/12/2012	French	PDF
Abridged model	31/12/2010	23/05/2011	30/11/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	19/07/2010	French	PDF
Abridged modelCorrection	31/12/2008	25/05/2009	08/10/2009	French	PDF
Abridged model	31/12/2008	25/05/2009	21/09/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	26/11/2008	French	PDF
Abridged model	31/12/2006	28/05/2007	31/08/2007	French	PDF

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 · 1 active · 3 ended

Active mandates

ELECTRICAL ENTREPRISE

Mandate

Represented by EDOARDO VESPA

Active

Ended mandates

ELECTRICAL ENTERPRISE

Managing director · since 11 avril 2014 · until 10 avril 2020

Represented by EDOARDO VESPA

Ended

EDUARDO VESPA

Managing director

Ended

ELECTRICAL ENTERPRISE

Managing director

Represented by EDOARDO VESPA

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/01/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/05/2017
CAPITAL, ACTIONS
PDF
Capital / shares18/03/2015
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/03/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/03/2013
CAPITAL, ACTIONS
PDF
Mandates17/02/2009
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

2019
Annual accounts 201912,3 k €↓
2018
Annual accounts 201848,6 k €↑
2017
Annual accounts 201747,5 k €↓
2016
Annual accounts 2016356,9 k €↑
2015
Annual accounts 201534,7 k €↑
2014
Annual accounts 2014-150,3 k €↓
2013
Annual accounts 201314,9 k €↓
2012
Annual accounts 2012107,1 k €↑
2011
Annual accounts 2011-91,8 k €↓
2010
Annual accounts 2010-22,7 k €↓
2009
Annual accounts 200940,5 k €↑
2008
Annual accounts 2008-173,3 k €↓
2007
Annual accounts 200714,9 k €↓
2006
Annual accounts 200672 k €
06/11/1997
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SIMETI ENGINEERING

Overview

What does SIMETI ENGINEERING do?

Trend over 14 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline