OPENING OF BANKRUPTCY

Pharrowtech

Financial year 2023 · closed on 31/12/2023
Net result
-17,5 M €
-780.6% YoY
Gross margin
-5,0 M €
-901.3% YoY
Equity
2,9 M €
-85.8% YoY
Workforce
23,4 ETP
+17.0% YoY

Company — Opening of bankruptcy.

What does Pharrowtech do?

Pharrowtech is a Private limited company incorporated in 2019. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 23,4 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0722.804.804
Incorporation
15/03/2019
Legal form
Private limited company
Registered office
Philipssite 5-A
3001 Leuven · FlandreSee on map
Contributed capital
23 221 202,05 €
Latest accounts
31/12/2023
Average workforce
23,4 ETP
Joint committees (1)
  • 200
Signals
Solid equityGood liquidityHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2023202220212020
Income statement
Gross margin-5,0 M €618,9 k €1,9 M €-295,4 k €
EBITDA-16,8 M €-1,6 M €773,4 k €-848,7 k €
Operating result-17,5 M €-2,0 M €444,7 k €-1,2 M €
Net result-17,5 M €-2,0 M €431,3 k €-1,2 M €
Balance sheet
Equity2,9 M €20,4 M €7,4 M €5,9 M €
Total assets3,8 M €21,3 M €8,0 M €6,2 M €
Cash1,5 M €2,3 M €769,4 k €1,7 M €
Debts924,5 k €847,0 k €557,7 k €226,3 k €
Other
Workforce23,4 ETP20,0 ETP11,4 ETP4,2 ETP
Governance

Board of directors

Seen on filing of 31/12/2023 · 7 active · 13 ended

Active mandates

Carl De Ranter

Director · since 21 juin 2024 · until 21 juin 2030

Active
David Leftley

Director · since 21 juin 2024 · until 21 juin 2030

Active
imec.xpand

Director · since 21 juin 2024 · until 21 juin 2030 · 0671.931.371

Represented by Peter Vanbekbergen

Active
Innovations Industries Management

Director · since 21 juin 2024 · until 21 juin 2030

Represented by Sander Verbrugge

Active
KBC SECURITIES

Director · since 21 juin 2024 · until 21 juin 2030 · 0437.060.521

Represented by Rudi Severijns

Active
Pieter Vorenkamp

Chairman of the board of directors · since 21 juin 2024 · until 21 juin 2030

Active
Wim Van Thillo

Managing director · since 21 juin 2024 · until 21 juin 2030

Active

Ended mandates

Carl De Ranter

Director · since 01 avril 2022 · until 21 juin 2024

Ended
David Leftley

Director · since 01 avril 2022 · until 21 juin 2024

Ended
imec.xpand

Director · since 01 avril 2022 · until 21 juin 2024 · 0671.931.371

Represented by Peter Vanbekbergen

Ended
Innovation Industries Management

Director · since 01 avril 2022 · until 21 juin 2024 · 0783.997.253

Represented by Sander VERBRUGGE

Ended
Annual accounts

Full financial information

2023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/01/202115/03/2019
Closing of the financial year31/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months22 months
Filing date13/08/202418/07/202320/07/202230/08/2021
General meeting21/06/202416/06/202317/06/202218/06/2021
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
Abridged model31/12/202321/06/202413/08/2024DutchPDF
Abridged model31/12/202216/06/202318/07/2023DutchPDF
Abridged model31/12/202117/06/202220/07/2022DutchPDF
Abridged model31/12/202018/06/202130/08/2021DutchPDF
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 31/12/2023 · 7 active · 13 ended

Active mandates

Carl De Ranter

Director · since 21 juin 2024 · until 21 juin 2030

Active
David Leftley

Director · since 21 juin 2024 · until 21 juin 2030

Active
imec.xpand

Director · since 21 juin 2024 · until 21 juin 2030 · 0671.931.371

Represented by Peter Vanbekbergen

Active
Innovations Industries Management

Director · since 21 juin 2024 · until 21 juin 2030

Represented by Sander Verbrugge

Active
KBC SECURITIES

Director · since 21 juin 2024 · until 21 juin 2030 · 0437.060.521

Represented by Rudi Severijns

Active
Pieter Vorenkamp

Chairman of the board of directors · since 21 juin 2024 · until 21 juin 2030

Active
Wim Van Thillo

Managing director · since 21 juin 2024 · until 21 juin 2030

Active

Ended mandates

Carl De Ranter

Director · since 01 avril 2022 · until 21 juin 2024

Ended
David Leftley

Director · since 01 avril 2022 · until 21 juin 2024

Ended
imec.xpand

Director · since 01 avril 2022 · until 21 juin 2024 · 0671.931.371

Represented by Peter Vanbekbergen

Ended
Innovation Industries Management

Director · since 01 avril 2022 · until 21 juin 2024 · 0783.997.253

Represented by Sander VERBRUGGE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/11/2024
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/10/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates20/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares29/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates28/09/2021
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Other07/05/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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 2023-17,5 M €
  2. 2022
    Annual accounts 2022-2,0 M €
  3. 2021
    Annual accounts 2021431,3 k €
  4. 2020
    Annual accounts 2020-1,2 M €
  5. 15/03/2019
    IncorporationPrivate limited company