OPENING OF BANKRUPTCY

TORNADO

Financial year 2021 · closed on 31/12/2021
Net result
-62,8 k €
-118.2% YoY
Gross margin
-41 k €
-170.6% YoY
Equity
-251,6 k €
-33.3% YoY

Company — Opening of bankruptcy.

What does TORNADO do?

TORNADO is a Private company with limited liability incorporated in 2013. Its main activity is: Gambling and betting activities. Its registered office is in Zaventem.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0542.558.216
Incorporation
27/11/2013
Legal form
Private company with limited liability
Registered office
Ikaroslaan 23
1930 Zaventem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2021
Joint committees (2)
  • 200
  • 218
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20212020201920182017201620152014
Income statement
Gross margin-41 k €58 k €137,6 k €145,7 k €153,4 k €27,8 k €-12,7 k €-102,6 k €
EBITDA-51,5 k €-17,5 k €-22 k €-11,1 k €-26,6 k €-105,1 k €-95 k €-119,6 k €
Operating result-62,8 k €-28,7 k €-34,2 k €-24 k €-29,6 k €-108,1 k €-97,9 k €-121,6 k €
Net result-62,8 k €-28,8 k €-35,4 k €216 k €-31 k €-108,3 k €-97,9 k €-122 k €
Balance sheet
Equity-251,6 k €-188,8 k €-160 k €-124,7 k €-340,7 k €-309,6 k €-201,3 k €-103,4 k €
Total assets51,8 k €51 k €85,4 k €167,4 k €61,5 k €63,1 k €156,7 k €73,8 k €
Cash11,5 k €9,8 k €770,3 €40,9 k €31,9 k €132,7 k €51,6 k €
Debts303,4 k €239,8 k €245,5 k €292,1 k €402,2 k €372,8 k €358 k €177,2 k €
Other
Workforce6,4 ETP3,3 ETP0,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 3 ended

Active mandates

Mesut KELES

Director · since 29 mars 2016

Active

Ended mandates

Mesut KELES

Manager · since 29 mars 2016

Ended
Cumali KARA

Mandate · until 29 mars 2016

Ended
Cumali KARA

Mandate

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/11/202207/07/202130/11/202022/10/201928/09/201825/07/2017
General meeting28/05/202229/05/202130/05/202025/05/201917/09/201827/05/2017
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202128/05/202217/11/2022DutchPDF
Micro model31/12/202029/05/202107/07/2021FrenchPDF
Micro model31/12/201930/05/202030/11/2020FrenchPDF
Micro model31/12/201825/05/201922/10/2019FrenchPDF
Micro model31/12/201717/09/201828/09/2018FrenchPDF
Abridged model31/12/201627/05/201725/07/2017DutchPDF
Abridged model31/12/201528/09/201631/10/2016DutchPDF
Abridged model31/12/201430/05/201530/10/2015DutchPDF
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 31/12/2021 · 1 active · 3 ended

Active mandates

Mesut KELES

Director · since 29 mars 2016

Active

Ended mandates

Mesut KELES

Manager · since 29 mars 2016

Ended
Cumali KARA

Mandate · until 29 mars 2016

Ended
Cumali KARA

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/07/2019
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/03/2019
    SIEGE SOCIAL
    PDF
  • Registered office24/06/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/04/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/01/2015
    KAPITAAL - AANDELEN
    PDF
  • Registered office16/09/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other10/12/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2021
    Annual accounts 2021-62,8 k €
  2. 2020
    Annual accounts 2020-28,8 k €
  3. 2019
    Annual accounts 2019-35,4 k €
  4. 2018
    Annual accounts 2018216 k €
  5. 2017
    Annual accounts 2017-31 k €
  6. 2016
    Annual accounts 2016-108,3 k €
  7. 2015
    Annual accounts 2015-97,9 k €
  8. 2014
    Annual accounts 2014-122 k €
  9. 27/11/2013
    IncorporationPrivate company with limited liability