OPENING OF BANKRUPTCY

Excellence Cars

Company — Opening of bankruptcy.

Financial year 2021 · Closed on 31/12/2021

Net result45,3 k €+329,4 %over 1 year
Gross margin41,1 k €+271,2 %over 1 year
Equity85,9 k €+713,6 %over 1 year

Identity

Source · BCE/KBO

Excellence Cars is a Private limited company incorporated in 2019. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Bruxelles.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0737.739.438
Incorporation
15/11/2019
Legal form
Private limited company
Registered office
Avenue Louise 209 box 7
1050 Bruxelles · BruxellesSee on map
Contributed capital
30 000,00 €
Latest accounts
31/12/2021
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 2 filings

Trend over 2 financial years

20212020
Income statement
Gross margin41,1 k €11,1 k €
EBITDA40,3 k €10,6 k €
Operating result40,2 k €10,6 k €
Net result45,3 k €10,6 k €
Balance sheet
Equity85,9 k €10,6 k €
Total assets109,7 k €105,4 k €
Cash42,2 €34,5 k €
Debts23,8 k €94,8 k €

Board of directors

Source · NBB, accounts to 31/12/2021

1 active · 1 ended

Active mandates

Mojtaba Kasmaei

Director · since 14 novembre 2019 · until 30 juin 2022

Active

Ended mandates

Mojtaba Kasmaei

Director · since 14 novembre 2019

Ended

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Full financial information

Source · NBB
20212020
Type of accountMicro modelMicro model
Start of the financial year01/01/202114/11/2019
Closing of the financial year31/12/202131/12/2020
Length of the financial year12 months14 months
Filing date30/12/202224/11/2021
General meeting20/06/202221/06/2021
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 2 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202120/06/202230/12/2022DutchPDF
Micro model31/12/202021/06/202124/11/2021FrenchPDF

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 31/12/2021

1 active · 1 ended

Active mandates

Mojtaba Kasmaei

Director · since 14 novembre 2019 · until 30 juin 2022

Active

Ended mandates

Mojtaba Kasmaei

Director · since 14 novembre 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/01/2024
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/07/2022
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/02/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other19/11/2019
    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. 2021
    Annual accounts 202145,3 k €↑
  2. 2020
    Annual accounts 202010,6 k €
  3. 15/11/2019
    IncorporationPrivate limited company