OPENING OF BANKRUPTCY

NEWS

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Financial year 2008 · closed on 31/12/2008
Net result
19,1 k €
-63.0% YoY
Gross margin
93,3 k €
-21.2% YoY
Equity
26,2 k €
+269.2% YoY
Workforce
3,6 ETP
+140.0% YoY

Company — Opening of bankruptcy.

What does NEWS do?

NEWS is a Private company with limited liability incorporated in 2000. Its main activity is: Accommodation. Its registered office is in Gent. It employs on average 3,6 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0472.085.934
Incorporation
09/06/2000
Legal form
Private company with limited liability
Registered office
Vlaanderenstraat 129
9000 Gent · FlandreSee on map
Latest accounts
31/12/2008
Average workforce
3,6 ETP
Activities (NACE)
55401Accommodation· main56301Beverage serving activities56301Beverage serving activities55301Camping grounds, recreational vehicle parks and trailer parks56101Restaurants and mobile food service activities56111Restaurants and mobile food service activities
Joint committees (3)
  • 100
  • 201
  • 302
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

200820072006
Income statement
Gross margin93,3 k €118,4 k €99 k €
EBITDA4,7 k €76,5 k €12,7 k €
Operating result-49,5 k €18,9 k €-42,2 k €
Net result19,1 k €51,7 k €-59,9 k €
Balance sheet
Equity26,2 k €7,1 k €-44,6 k €
Total assets324,4 k €315,9 k €339,9 k €
Cash3,1 k €1,6 k €1,5 k €
Debts298,2 k €301,6 k €384,4 k €
Other
Workforce3,6 ETP1,5 ETP2,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2008 · 1 active · 1 ended

Active mandates

Carine Lafosse

Manager · since 01 octobre 2004 · until 30 septembre 2010

Active

Ended mandates

CARINE LAFOSSE

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
FITCHEN● Bankrupt
0698.681.892
FITCHEN KORTEMUNT● Active
0716.673.315
FITCHEN VLAANDERENSTRAAT● Active
0707.748.721
Annual accounts

Full financial information

200820072006
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/200801/01/200701/01/2006
Closing of the financial year31/12/200831/12/200731/12/2006
Length of the financial year12 months12 months12 months
Filing date31/08/200910/07/200831/10/2007
General meeting30/06/200930/06/200801/10/2007
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/200830/06/200931/08/2009DutchPDF
Abridged model31/12/200730/06/200810/07/2008DutchPDF
Abridged model31/12/200601/10/200731/10/2007DutchPDF
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.

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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 31/12/2008 · 1 active · 1 ended

Active mandates

Carine Lafosse

Manager · since 01 octobre 2004 · until 30 septembre 2010

Active

Ended mandates

CARINE LAFOSSE

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares18/02/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/11/2004
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/05/2004
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring30/12/2003
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring31/10/2003
    DIVERSEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares20/01/2003
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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. 2008
    Annual accounts 200819,1 k €↓
  2. 2007
    Annual accounts 200751,7 k €↑
  3. 2006
    Annual accounts 2006-59,9 k €
  4. 09/06/2000
    IncorporationPrivate company with limited liability