OPENING OF BANKRUPTCY

ADS Market

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Company — Opening of bankruptcy.

Financial year 2021 · Closed on 30/09/2021

Net result-303 k €-1 321,3 %over 1 year
Gross margin-172,7 k €-208,4 %over 1 year
Equity-207,8 k €-318,1 %over 1 year
Workforce4,2 ETP+7,7 %over 1 year

Identity

Source · BCE/KBO

ADS Market is a Public limited company incorporated in 2014. Its registered office is in Antwerpen. It employs on average 4,2 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0505.870.341
Incorporation
02/12/2014
Legal form
Public limited company
Registered office
Brusselstraat 51
2018 Antwerpen · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
30/09/2021
Average workforce
4,2 ETP
Joint committees (1)
  • 119

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20212020201920182017
Income statement
Gross margin-172,7 k €159,2 k €-270,6 k €-71,2 k €137,6 k €
EBITDA-291,9 k €34 k €-411,8 k €-191,3 k €-22,7 k €
Operating result-291,9 k €32,6 k €-419,7 k €-199,2 k €-30,7 k €
Net result-303 k €24,8 k €-434,6 k €-200,8 k €-31,4 k €
Balance sheet
Equity-207,8 k €95,3 k €70,5 k €-168,1 k €32,7 k €
Total assets442,9 k €477,4 k €370 k €598,8 k €669,8 k €
Cash3,3 k €9,6 k €20,2 k €3,3 k €6,2 k €
Debts650,6 k €382,1 k €299,5 k €766,9 k €637,1 k €
Other
Workforce4,2 ETP3,9 ETP–––

Board of directors

Source · NBB, accounts to 30/09/2021

3 active · 3 ended

Active mandates

Bestun Aziz Mohamed

Manager · since 02 décembre 2014

Active
Dilman Mohammed Abdullah

Manager · since 02 décembre 2014

Active
Waleed Khalid Thanoon

Manager · since 02 décembre 2014

Active

Ended mandates

Bestun Aziz Mohamed

Director · since 02 décembre 2014

Ended
Waleed Khalid Thanoon

Director · since 02 décembre 2014

Ended
Waleed Khalid Thanoon

Managing director · since 02 décembre 2014

Ended

Other companies at this address

Brusselstraat 51 2018 Antwerpen
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AABOX● Active
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ADI-PRO● Active
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ADMINEXPERTS● Bankrupt
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Advanced Spring Technology● Active
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Advocaat N. Goossens● Active
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Advocatenkantoor El Manouti & De Clerck● Active
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Advocatenkantoor Mohamed El Manouti● Active
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ADVOCATENKANTOOR STROOBANTS LEGAL● Active
0723.810.832
AE FURNITURE● Active
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AERBO-aannemingen● Active
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AGAPE +254● Active
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AGC● Active
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AGP Group● Active
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AJ MULTIBOUW● Bankrupt
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AL ABDULLAH● Bankrupt
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ALDEBARAN● Active
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Full financial information

Source · NBB
202120202019201820172016
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelAbridged model
Start of the financial year01/10/202001/10/201901/10/201801/10/201701/10/201602/12/2014
Closing of the financial year30/09/202130/09/202030/09/201930/09/201830/09/201730/09/2016
Length of the financial year12 months12 months12 months12 months12 months22 months
Filing date04/05/202231/08/202101/07/202019/05/201919/05/201906/04/2018
General meeting28/03/202229/03/202130/03/202025/03/201926/03/201827/03/2017
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202128/03/202204/05/2022DutchPDF
Abridged model30/09/202029/03/202131/08/2021DutchPDF
Abridged model30/09/201930/03/202001/07/2020DutchPDF
Micro model30/09/201825/03/201919/05/2019DutchPDF
Micro model30/09/201726/03/201819/05/2019DutchPDF
Abridged model30/09/201627/03/201706/04/2018DutchPDF

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 30/09/2021

3 active · 3 ended

Active mandates

Bestun Aziz Mohamed

Manager · since 02 décembre 2014

Active
Dilman Mohammed Abdullah

Manager · since 02 décembre 2014

Active
Waleed Khalid Thanoon

Manager · since 02 décembre 2014

Active

Ended mandates

Bestun Aziz Mohamed

Director · since 02 décembre 2014

Ended
Waleed Khalid Thanoon

Director · since 02 décembre 2014

Ended
Waleed Khalid Thanoon

Managing director · since 02 décembre 2014

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates20/05/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/12/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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

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Timeline

  1. 2021
    Annual accounts 2021-303 k €↓
  2. 2020
    Annual accounts 202024,8 k €↑
  3. 2019
    Annual accounts 2019-434,6 k €↓
  4. 2018
    Annual accounts 2018-200,8 k €↓
  5. 2017
    Annual accounts 2017-31,4 k €↓
  6. 2016
    Annual accounts 20162,1 k €
  7. 02/12/2014
    IncorporationPublic limited company