OPENING OF BANKRUPTCY

GREEN PROPULSION ENGINEERING

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Financial year 2022 · closed on 31/12/2022

Net result

-475,8 k €

-184.8% YoY

Gross margin

-157,6 k €

-158.6% YoY

Equity

-66 k €

-114.0% YoY

Workforce

4,0 ETP

-29.8% YoY

Company — Opening of bankruptcy.

What does GREEN PROPULSION ENGINEERING do?

GREEN PROPULSION ENGINEERING is a Public limited company incorporated in 2016. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Liège. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0645.594.089

Incorporation

05/01/2016

Legal form

Public limited company

Registered office

Rue Natalis 2
4020 Liège · WallonieSee on map

Contributed capital

1 500 000,00 €

Latest accounts

31/12/2022

Average workforce

4,0 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 29100Manufacture of motor vehicles 29100Manufacture of motor vehicles 29320Manufacture of other parts and accessories for motor vehicles 29320Manufacture of other parts and accessories for motor vehicles

Joint committees (1)

Signals

Good liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	-157,6 k €	-159%	269,1 k €	+339%	61,3 k €	-79.6%	300,3 k €	+339%	68,4 k €	-68.1%	214,5 k €	+1342%	-17,3 k €
EBITDA	-404 k €	-218%	-127 k €	+41.3%	-216,4 k €	-1481%	15,7 k €	+108%	-204,1 k €	-241%	-59,8 k €	+80.3%	-304,3 k €
Operating result	-521,2 k €	-150%	-208,1 k €	+26.0%	-281,1 k €	-801%	-31,2 k €	+89.2%	-287,8 k €	-116%	-133,1 k €	+62.3%	-353 k €
Net result	-475,8 k €	-185%	-167 k €	+41.1%	-283,7 k €	-488%	-48,3 k €	+84.7%	-315,6 k €	-126%	-139,9 k €	+60.8%	-357 k €
Balance sheet
Equity	-66 k €	-114%	469,9 k €	+24.1%	378,8 k €	+176%	-501,1 k €	-12.7%	-444,6 k €	-320%	-105,9 k €	-305%	51,6 k €
Total assets	1 M €	-4.8%	1,1 M €	+29.9%	812,3 k €	+33.7%	607,5 k €	-58.7%	1,5 M €	+54.4%	952,6 k €	+48.9%	639,5 k €
Cash	44,4 k €	+223%	13,8 k €	+43.5%	9,6 k €	-86.2%	69,4 k €	-68.6%	220,8 k €	+3323%	6,5 k €	-15.8%	7,7 k €
Debts	1,1 M €	+82.9%	585,1 k €	+35.0%	433,2 k €	-60.9%	1,1 M €	-42.0%	1,9 M €	+81.0%	1,1 M €	+79.7%	587,9 k €
Other
Workforce	4,0 ETP	-29.8%	5,7 ETP	+9.6%	5,2 ETP	-1.9%	5,3 ETP	-1.9%	5,4 ETP	-3.6%	5,6 ETP	-3.4%	5,8 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 9 ended

Active mandates

LAURENT MINGUET

Managing director · since 18 juin 2021 · until 18 juin 2027

Active

Ended mandates

JACQUES MARLOT

Director · since 18 juin 2021 · until 18 juin 2027

Ended

JACQUES MARLOT

Director · since 04 juillet 2016 · until 18 juin 2021

Ended

DENIS GOFFAUX

Director · since 06 janvier 2016 · until 21 mai 2021

Ended

Invest Minguet Gestion

Director · since 06 janvier 2016 · until 21 mai 2021 · 0472.499.470

Represented by LAURENT MINGUET

Ended

At this address

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Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2023	31/08/2022	31/08/2021	08/10/2020	27/08/2019	27/09/2018
General meeting	16/06/2023	17/06/2022	18/06/2021	19/06/2020	21/06/2019	24/09/2018
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	16/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	27/08/2019	French	PDF
Abridged modelCorrection	31/12/2017	24/09/2018	27/09/2018	French	PDF
Abridged model	31/12/2017	15/06/2018	18/07/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	24/08/2017	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 31/12/2022 · 1 active · 9 ended

Active mandates

LAURENT MINGUET

Managing director · since 18 juin 2021 · until 18 juin 2027

Active

Ended mandates

JACQUES MARLOT

Director · since 18 juin 2021 · until 18 juin 2027

Ended

JACQUES MARLOT

Director · since 04 juillet 2016 · until 18 juin 2021

Ended

DENIS GOFFAUX

Director · since 06 janvier 2016 · until 21 mai 2021

Ended

Invest Minguet Gestion

Director · since 06 janvier 2016 · until 21 mai 2021 · 0472.499.470

Represented by LAURENT MINGUET

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/11/2023
SIEGE SOCIAL
PDF
Mandates07/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/01/2021
CAPITAL, ACTIONS
PDF
Mandates20/07/2016
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other07/01/2016
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

2022
Annual accounts 2022-475,8 k €↓
2021
Annual accounts 2021-167 k €↑
2021
Name changeGPE
2020
Annual accounts 2020-283,7 k €↓
2019
Annual accounts 2019-48,3 k €↑
2018
Annual accounts 2018-315,6 k €↓
2017
Annual accounts 2017-139,9 k €↑
2016
Annual accounts 2016-357 k €
05/01/2016
IncorporationPublic limited company
2016
Name changeGREEN PROPULSION ENGINEERING

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

GREEN PROPULSION ENGINEERING

Overview

What does GREEN PROPULSION ENGINEERING do?

Trend over 7 financial years

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