OPENING OF BANKRUPTCY

TITAN AUTOMOTIVE SOLUTIONS

Export PDF

Company — Opening of bankruptcy.

Financial year 2021 · Closed on 31/12/2021

Net result-37,7 M €-119,2 %over 1 year

Revenue25,7 M €-32,5 %over 1 year

Equity-45,6 M €-477,4 %over 1 year

Workforce8,0 ETP-29,2 %over 1 year

Identity

Source · BCE/KBO

TITAN AUTOMOTIVE SOLUTIONS is a Public limited company incorporated in 2014. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Ixelles. It employs on average 8,0 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0546.733.570
Incorporation: 17/02/2014
Legal form: Public limited company
Registered office: Avenue Arnaud Fraiteur 15-23
1050 Ixelles · BruxellesSee on map
Contributed capital: 48 900 000,00 €
Latest accounts: 31/12/2021
Average workforce: 8,0 ETP

Activities (NACE)

66199Other activities auxiliary to financial services, except insurance and pension funding· main 66199Other activities auxiliary to financial services, except insurance and pension funding

Joint committees (2)

10203
209

Signals

Healthy social debtsHigh revenue

Financials

Source · NBB, 9 filings

Trend over 6 financial years

	2021		2020		2018		2017		2016
Income statement
Revenue	25,7 M €	-32.5%	38,1 M €	-8.6%	41,6 M €	+27.1%	32,8 M €	+111%	15,5 M €
EBITDA	-20,4 M €	-84.3%	-11,1 M €	-223%	-3,4 M €	-334%	1,5 M €	-29.7%	2,1 M €
Operating result	-27,9 M €	-51.2%	-18,5 M €	-105%	-9 M €	-250%	-2,6 M €	-493%	-434,6 k €
Net result	-37,7 M €	-119%	-17,2 M €	-84.6%	-9,3 M €	-418%	-1,8 M €	-69.6%	-1,1 M €
Balance sheet
Equity	-45,6 M €	-477%	-7,9 M €	+4.8%	-8,3 M €	-912%	1 M €	-63.8%	2,8 M €
Total assets	26,2 M €	-42.7%	45,7 M €	-9.9%	50,7 M €	+62.7%	31,1 M €	+16.8%	26,6 M €
Cash	124,3 k €	-90.6%	1,3 M €	+161%	508,7 k €	+12.5%	452,2 k €	-81.9%	2,5 M €
Debts	71,8 M €	+34.0%	53,6 M €	-9.0%	58,9 M €	+96.7%	29,9 M €	+25.6%	23,8 M €
Other
Workforce	8,0 ETP	-29.2%	11,3 ETP	-14.4%	13,2 ETP	-8.3%	14,4 ETP	+13.4%	12,7 ETP

Board of directors

Source · NBB, accounts to 31/12/2021

4 active · 10 ended

Active mandates

Tian Mengyu

Director · since 08 février 2021 · until 05 janvier 2022

Active

BO HU

Director · since 05 janvier 2021 · until 31 mai 2026

Active

LIN JIAN

Director · since 10 janvier 2020 · until 05 janvier 2021

Active

KARL MA CHI KONG

Director · since 30 avril 2019 · until 08 février 2021

Active

Ended mandates

SHEN XIAO

Director · since 27 février 2019 · until 19 juin 2020

Ended

Eran Edri

Director · since 27 février 2014 · until 31 mai 2017

Ended

Eran EDRI

Director · since 27 février 2014 · until 31 mai 2020

Ended

Oozi Cats

Director · since 27 février 2014 · until 31 mai 2017

Ended

Other companies at this address

Avenue Arnaud Fraiteur 15-23 1050 Ixelles

Company	CBE no.
21 GRAMS● Active	1009.107.430
ADVENSYS● Active	0869.703.879
Agilos-Solutions● Active	0825.425.062
Aliaxis Holdings● Active	0479.090.819
Aliaxis Investments● Active	0739.903.132
Aliaxis Management Company● Active	0666.494.819
Aliaxis Pillar 2● Active	1011.602.904
Aliaxis Ventures● Active	0754.403.246
AllOKay● Active	0713.989.680
ALMAC CONSULT● Active	0818.250.329
Api Tech Belgique● Bankrupt	1000.898.953
ASBLissimo-ADIM● Active	0644.768.502
ASKELL BELGIUM● Active	0720.539.952
ATS4IT - Adaptable Technology Services● Active	0647.899.820
BeoTech● Active	1007.203.953
Cap à city● Active	0832.539.419
CAP BIM● Active	0789.759.845
Capital Panache● Active	0713.705.412
CATHANA● Active	0659.920.197
CEDRIC MATTART● Active	0475.495.483

Full financial information

Source · NBB

	2021	2020	2019	2018	2017	2016
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/06/2022	21/04/2022	23/11/2020	19/12/2019	04/06/2018	02/06/2017
General meeting	16/06/2022	20/04/2022	28/10/2020	29/11/2019	31/05/2018	31/05/2017
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2021	16/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2021	16/06/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	20/04/2022	21/04/2022	Dutch	PDF
Full model	31/12/2019	28/10/2020	23/11/2020	Dutch	PDF
Full modelCorrection	31/12/2018	29/11/2019	19/12/2019	Dutch	PDF
Full model	31/12/2018	18/10/2019	22/11/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	04/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	02/06/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	01/07/2016	Dutch	PDF

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 31/12/2021

4 active · 10 ended

Active mandates

Tian Mengyu

Director · since 08 février 2021 · until 05 janvier 2022

Active

BO HU

Director · since 05 janvier 2021 · until 31 mai 2026

Active

LIN JIAN

Director · since 10 janvier 2020 · until 05 janvier 2021

Active

KARL MA CHI KONG

Director · since 30 avril 2019 · until 08 février 2021

Active

Ended mandates

SHEN XIAO

Director · since 27 février 2019 · until 19 juin 2020

Ended

Eran Edri

Director · since 27 février 2014 · until 31 mai 2017

Ended

Eran EDRI

Director · since 27 février 2014 · until 31 mai 2020

Ended

Oozi Cats

Director · since 27 février 2014 · until 31 mai 2017

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

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

See the Business plan

Timeline

2021
Annual accounts 2021-37,7 M €↓
2020
Annual accounts 2020-17,2 M €↓
2018
Annual accounts 2018-9,3 M €↓
2018
Name changeTITAN AUTOMOTIVE SOLUTIONS
2017
Annual accounts 2017-1,8 M €↓
2016
Annual accounts 2016-1,1 M €↑
2015
Annual accounts 2015-5,4 M €
2015
Name changeTELIT AUTOMOTIVE SOLUTIONS
17/02/2014
IncorporationPublic limited company

TITAN AUTOMOTIVE SOLUTIONS

Overview

Identity

Financials

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

Timeline