OPENING OF BANKRUPTCY

M.G. QSR

Company — Opening of bankruptcy.

Financial year 2018 · Closed on 31/12/2018

Net result47,4 k €+391,0 %over 1 year
Gross margin86 k €+173,8 %over 1 year
Equity65,7 k €+259,2 %over 1 year
Workforce1,1 ETP+83,3 %over 1 year

Identity

Source · BCE/KBO

M.G. QSR is a Cooperative company with limited liability incorporated in 2014. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Antwerpen. It employs on average 1,1 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0567.909.165
Incorporation
18/11/2014
Legal form
Cooperative company with limited liability
Registered office
Oude Koornmarkt 41-43
2000 Antwerpen · FlandreSee on map
Latest accounts
31/12/2018
Average workforce
1,1 ETP
Joint committees (1)
  • 302
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2018201720162015
Income statement
Gross margin86 k €31,4 k €29,5 k €15,9 k €
EBITDA63,8 k €16,8 k €12,6 k €-1,9 k €
Operating result60,5 k €15 k €11,4 k €-3,8 k €
Net result47,4 k €9,7 k €7,1 k €-4,7 k €
Balance sheet
Equity65,7 k €18,3 k €8,6 k €1,5 k €
Total assets274,4 k €69,6 k €42,4 k €17,1 k €
Cash11,2 k €17,1 k €18,8 k €7 k €
Debts208,7 k €51,3 k €33,7 k €15,5 k €
Other
Workforce1,1 ETP0,6 ETP0,8 ETP0,7 ETP

Board of directors

Source · NBB, accounts to 31/12/2018

2 active · 2 ended

Active mandates

KADIR RIFAT MUTU

Director · since 18 novembre 2014 · until 31 décembre 2018

Active
VEHBI MUTU

Managing director · since 18 novembre 2014

Active

Ended mandates

EROL YUSUF MUSTAFA

Director · since 18 novembre 2014

Ended
KADIR RIFAT MUTU

Director · since 18 novembre 2014

Ended

Other companies at this address

Oude Koornmarkt 41-43 2000 Antwerpen
CompanyCBE no.
0767.975.328

Full financial information

Source · NBB
2018201720162015
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/201801/01/201701/01/201618/11/2014
Closing of the financial year31/12/201831/12/201731/12/201631/12/2015
Length of the financial year12 months12 months12 months14 months
Filing date30/08/201930/08/201831/08/201730/08/2016
General meeting27/06/201928/06/201829/06/201730/06/2016
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201827/06/201930/08/2019DutchPDF
Abridged model31/12/201728/06/201830/08/2018DutchPDF
Abridged model31/12/201629/06/201731/08/2017DutchPDF
Abridged model31/12/201530/06/201630/08/2016DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2018

2 active · 2 ended

Active mandates

KADIR RIFAT MUTU

Director · since 18 novembre 2014 · until 31 décembre 2018

Active
VEHBI MUTU

Managing director · since 18 novembre 2014

Active

Ended mandates

EROL YUSUF MUSTAFA

Director · since 18 novembre 2014

Ended
KADIR RIFAT MUTU

Director · since 18 novembre 2014

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/11/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2018
    Annual accounts 201847,4 k €↑
  2. 2017
    Annual accounts 20179,7 k €↑
  3. 2016
    Annual accounts 20167,1 k €↑
  4. 2015
    Annual accounts 2015-4,7 k €
  5. 18/11/2014
    IncorporationCooperative company with limited liability