OPENING OF BANKRUPTCY

ForGrass

Export PDF
Financial year 2023 · closed on 31/12/2023
Net result
-28,2 k €
+71.1% YoY
Gross margin
261,4 k €
-7.2% YoY
Equity
-20,4 k €
-362.4% YoY
Workforce
3,7 ETP
-28.8% YoY

Company — Opening of bankruptcy.

What does ForGrass do?

ForGrass is a Private limited company incorporated in 2016. Its main activity is: Wholesale of flowers and plants. Its registered office is in Maldegem. It employs on average 3,7 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0659.652.161
Incorporation
12/07/2016
Legal form
Private limited company
Registered office
Krommewege 38
9990 Maldegem · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2023
Average workforce
3,7 ETP
Activities (NACE)
46220Wholesale of flowers and plants· main46220Wholesale of flowers and plants43120Site preparation43120Site preparation46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds+2
Joint committees (2)
  • 116
  • 207
Signals
Positive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20232022202120182017
Income statement
Gross margin261,4 k €281,8 k €841,4 k €104,9 k €119,2 k €
EBITDA74,5 k €-2,9 €439,3 k €62,7 k €99,2 k €
Operating result-7 k €-87,3 k €365 k €42,3 k €43,6 k €
Net result-28,2 k €-97,5 k €275,8 k €34,2 k €30,1 k €
Balance sheet
Equity-20,4 k €7,8 k €605,3 k €76,8 k €42,5 k €
Total assets525,9 k €664,2 k €881,4 k €204,9 k €158,1 k €
Cash88,2 k €117,6 k €215,4 k €53 k €74,2 k €
Debts546,3 k €656,5 k €274,2 k €127,7 k €114,8 k €
Other
Workforce3,7 ETP5,2 ETP7,3 ETP––
Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 9 ended

Active mandates

MARC VERLEYEN

Director · since 15 décembre 2023

Active
IMAVEST

Director · since 01 mars 2022 · 0501.617.781

Represented by Goemaere WERNER

Active

Ended mandates

IMAVEST

Director · since 01 mars 2022 · 0501.617.781

Represented by WERNER GOEMAERE

Ended
JRN AM

Managing director · since 01 mars 2022 · 0781.574.332

Represented by Daeninck JEROEN

Ended
JRN AM

Managing director · since 01 mars 2022 · 0781.574.332

Represented by JEROEN DAENINCK

Ended
Send it

Director · since 01 mars 2022 · 0781.542.658

Represented by Bekaert MAARTEN

Ended
Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/08/202431/08/202316/06/202218/05/202116/09/202030/08/2019
General meeting20/05/202415/05/202316/05/202217/05/202124/08/202012/08/2019
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202320/05/202430/08/2024DutchPDF
Abridged model31/12/202215/05/202331/08/2023DutchPDF
Abridged model31/12/202116/05/202216/06/2022DutchPDF
Micro model31/12/202017/05/202118/05/2021DutchPDF
Micro model31/12/201924/08/202016/09/2020DutchPDF
Micro model31/12/201812/08/201930/08/2019DutchPDF
Micro model31/12/201711/06/201803/07/2018DutchPDF
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 31/12/2023 · 2 active · 9 ended

Active mandates

MARC VERLEYEN

Director · since 15 décembre 2023

Active
IMAVEST

Director · since 01 mars 2022 · 0501.617.781

Represented by Goemaere WERNER

Active

Ended mandates

IMAVEST

Director · since 01 mars 2022 · 0501.617.781

Represented by WERNER GOEMAERE

Ended
JRN AM

Managing director · since 01 mars 2022 · 0781.574.332

Represented by Daeninck JEROEN

Ended
JRN AM

Managing director · since 01 mars 2022 · 0781.574.332

Represented by JEROEN DAENINCK

Ended
Send it

Director · since 01 mars 2022 · 0781.542.658

Represented by Bekaert MAARTEN

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/07/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/09/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/07/2016
    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. 2023
    Annual accounts 2023-28,2 k €↑
  2. 2023
    Name changeFORGRASS
  3. 2022
    Annual accounts 2022-97,5 k €↓
  4. 2021
    Annual accounts 2021275,8 k €↑
  5. 2018
    Annual accounts 201834,2 k €↑
  6. 2017
    Annual accounts 201730,1 k €
  7. 2017
    Name changeJRN Group
  8. 12/07/2016
    IncorporationPrivate limited company