OPENING OF BANKRUPTCY

MAGG

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Financial year 2017 · closed on 31/12/2017

Net result

-39,7 k €

-505.7% YoY

Gross margin

290,6 k €

-6.4% YoY

Equity

-176,7 k €

-32.8% YoY

Workforce

8,7 ETP

+4.8% YoY

Company — Opening of bankruptcy.

What does MAGG do?

MAGG is a Private company with limited liability incorporated in 2002. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Ixelles. It employs on average 8,7 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0478.636.404

Incorporation

22/10/2002

Legal form

Private company with limited liability

Registered office

Place Sainte-Croix 4
1050 Ixelles · BruxellesSee on map

Latest accounts

31/12/2017

Average workforce

8,7 ETP

Activities (NACE)

55301Camping grounds, recreational vehicle parks and trailer parks· main 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 47252Retail sale of beverages in specialised stores+10

Joint committees (1)

Signals

Healthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	290,6 k €	-6.4%	310,4 k €	+11.4%	278,8 k €	-22.9%	361,6 k €	+37.4%	263,1 k €	-21.8%	336,4 k €	-3.8%	349,7 k €	+21.8%	287,1 k €	+15.9%	247,8 k €	-30.1%	354,6 k €	+79.2%	197,9 k €
EBITDA	-20,3 k €	-176%	26,6 k €	+338%	-11,2 k €	-125%	44,9 k €	+2161%	2 k €	-97.2%	70,9 k €	-42.0%	122,3 k €	+50.3%	81,4 k €	+772%	9,3 k €	-78.3%	43 k €	+1070%	-4,4 k €
Operating result	-33,7 k €	-811%	4,7 k €	+116%	-29,7 k €	-216%	25,7 k €	+169%	-37,1 k €	-337%	15,7 k €	-79.1%	75,3 k €	+120%	34,2 k €	+184%	-40,8 k €	-10.1%	-37,1 k €	+40.1%	-61,9 k €
Net result	-39,7 k €	-506%	-6,6 k €	+82.8%	-38 k €	-8.2%	-35,2 k €	+33.3%	-52,7 k €	-5927%	-875 €	-102%	55 k €	+316%	13,2 k €	+121%	-63,7 k €	+11.9%	-72,3 k €	+19.7%	-90 k €
Balance sheet
Equity	-176,7 k €	-32.8%	-133,1 k €	-8.6%	-122,6 k €	-52.0%	-80,6 k €	-37.1%	-58,8 k €	-866%	-6,1 k €	-16.8%	-5,2 k €	+91.3%	-60,2 k €	+18.0%	-73,4 k €	-656%	-9,7 k €	+92.9%	-137,4 k €
Total assets	111,9 k €	-19.7%	139,3 k €	-4.9%	146,5 k €	+8.0%	135,6 k €	-1.6%	137,9 k €	-8.0%	149,9 k €	-9.5%	165,6 k €	-14.3%	193,3 k €	-22.5%	249,6 k €	-13.1%	287,3 k €	-23.5%	375,5 k €
Cash	27,2 k €	-10.3%	30,3 k €	+81.7%	16,7 k €	-13.9%	19,3 k €	-8.7%	21,2 k €	-31.9%	31,1 k €	-30.2%	44,6 k €	+148%	17,9 k €	-30.4%	25,8 k €	+164%	9,8 k €	-63.8%	26,9 k €
Debts	286,2 k €	+5.5%	271,4 k €	+2.1%	265,7 k €	+22.8%	216,3 k €	+10.0%	196,7 k €	+26.1%	156 k €	-8.7%	170,8 k €	-32.4%	252,7 k €	-21.8%	323 k €	+9.3%	295,5 k €	-42.2%	511 k €
Other
Workforce	8,7 ETP	+4.8%	8,3 ETP	-2.4%	8,5 ETP	+4.9%	8,1 ETP	+12.5%	7,2 ETP	-6.5%	7,7 ETP	+14.9%	6,7 ETP	+6.3%	6,3 ETP	-17.1%	7,6 ETP	+15.2%	6,6 ETP	-7.0%	7,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2017 · 3 active · 3 ended

Active mandates

SENICE

Manager · since 10 mai 2011 · 0448.025.974

Represented by Georges MASSON

Active

GILLES MASSON

Manager

Active

NOEL MASSON

Manager

Active

Ended mandates

GEORGES MASSON

Manager · since 17 octobre 2002 · until 10 mai 2011

Ended

Georges MASSON

Manager

Ended

GEORGES MASSON

Manager · until 10 mai 2011

Ended

Annual accounts

Full financial information

	2017	2016	2015	2014	2013	2012
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2017	01/01/2016	01/01/2015	01/01/2014	01/01/2013	01/01/2012
Closing of the financial year	31/12/2017	31/12/2016	31/12/2015	31/12/2014	31/12/2013	31/12/2012
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/07/2018	05/07/2017	13/07/2016	24/06/2015	18/06/2014	04/07/2013
General meeting	25/06/2018	11/06/2017	06/06/2016	05/06/2015	12/06/2014	14/05/2013
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2017	25/06/2018	19/07/2018	French	PDF
Abridged model	31/12/2016	11/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	12/06/2014	18/06/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	04/07/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	14/05/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	30/05/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	10/06/2009	French	PDF
Abridged model	30/06/2007	10/12/2007	27/12/2007	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 31/12/2017 · 3 active · 3 ended

Active mandates

SENICE

Manager · since 10 mai 2011 · 0448.025.974

Represented by Georges MASSON

Active

GILLES MASSON

Manager

Active

NOEL MASSON

Manager

Active

Ended mandates

GEORGES MASSON

Manager · since 17 octobre 2002 · until 10 mai 2011

Ended

Georges MASSON

Manager

Ended

GEORGES MASSON

Manager · until 10 mai 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/04/2008
CAPITAL, ACTIONS - ANNEE COMPTABLE
PDF
Mandates20/10/2006
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/04/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates26/05/2005
DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2004
DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2004
DEMISSIONS, NOMINATIONS
PDF
Other29/10/2002
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2017
Annual accounts 2017-39,7 k €↓
2016
Annual accounts 2016-6,6 k €↑
2015
Annual accounts 2015-38 k €↓
2014
Annual accounts 2014-35,2 k €↑
2013
Annual accounts 2013-52,7 k €↓
2012
Annual accounts 2012-875 €↓
2011
Annual accounts 201155 k €↑
2010
Annual accounts 201013,2 k €↑
2009
Annual accounts 2009-63,7 k €↑
2008
Annual accounts 2008-72,3 k €↑
2007
Annual accounts 2007-90 k €
22/10/2002
IncorporationPrivate company with limited liability

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

MAGG

Overview

What does MAGG do?

Trend over 11 financial years

Board of directors

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