OPENING OF BANKRUPTCY

CORRECT TRANS

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Financial year 2022 · closed on 31/12/2022
Net result
39,1 k €
-2.4% YoY
Gross margin
169,2 k €
+65.5% YoY
Equity
162,1 k €
+31.7% YoY

Company — Opening of bankruptcy.

What does CORRECT TRANS do?

CORRECT TRANS is a Private limited company incorporated in 2018. Its main activity is: Freight transport by road. Its registered office is in Gent.

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0695.821.976
Incorporation
08/05/2018
Legal form
Private limited company
Registered office
Oktrooiplein 1 box 201
9000 Gent · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2022
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2022202120202019
Income statement
Gross margin169,2 k €102,2 k €45,5 k €221,2 k €
EBITDA48,4 k €55,6 k €33,1 k €77,3 k €
Operating result27 k €41,7 k €20,2 k €67,1 k €
Net result39,1 k €40 k €12,8 k €51,6 k €
Balance sheet
Equity162,1 k €123,1 k €83 k €70,2 k €
Total assets308,4 k €228,1 k €157 k €109 k €
Cash29,1 k €32,5 k €14,8 k €27,3 k €
Debts146,3 k €103,8 k €74 k €38,8 k €
Governance

Board of directors

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

Active mandates

Myuhryan Hasanov Mustafov

Mandate

Active

Ended mandates

Myuhryan Hasanov Mustafov

Manager

Ended
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Annual accounts

Full financial information

2022202120202019
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202201/01/202101/01/202003/05/2018
Closing of the financial year31/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months20 months
Filing date24/03/202405/01/202318/12/202102/12/2021
General meeting08/05/202309/05/202210/05/202111/05/2020
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202208/05/202324/03/2024DutchPDF
Micro model31/12/202109/05/202205/01/2023DutchPDF
Micro model31/12/202010/05/202118/12/2021DutchPDF
Micro model31/12/201911/05/202002/12/2021DutchPDF
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 · 1 ended

Active mandates

Myuhryan Hasanov Mustafov

Mandate

Active

Ended mandates

Myuhryan Hasanov Mustafov

Manager

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2022
    Annual accounts 202239,1 k €↓
  2. 2021
    Annual accounts 202140 k €↑
  3. 2020
    Annual accounts 202012,8 k €↓
  4. 2019
    Annual accounts 201951,6 k €
  5. 08/05/2018
    IncorporationPrivate limited company