OPENING OF BANKRUPTCY

Endurance Solar Solutions

Company — Opening of bankruptcy.

Financial year 2022 · Closed on 31/12/2022

Net result146,2 k €+46,2 %over 1 year
Gross margin990,9 k €+129,8 %over 1 year
Equity346,1 k €+73,1 %over 1 year
Workforce6,6 ETP+187,0 %over 1 year

Identity

Source · BCE/KBO

Endurance Solar Solutions is a Private limited company incorporated in 2021. Its main activity is: Manufacture of plastic plates, sheets, tubes and profiles. Its registered office is in Genk. It employs on average 6,6 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0768.592.465
Incorporation
20/05/2021
Legal form
Private limited company
Registered office
Paniswijerstraat 92
3600 Genk · FlandreSee on map
Contributed capital
99 900,00 €
Latest accounts
31/12/2022
Average workforce
6,6 ETP
Joint committees (2)
  • 1160
  • 2070
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 2 filings

Trend over 2 financial years

20222021
Income statement
Gross margin990,9 k €431,2 k €
EBITDA495,6 k €262,8 k €
Operating result231,7 k €100,2 k €
Net result146,2 k €100 k €
Balance sheet
Equity346,1 k €199,9 k €
Total assets5,6 M €3 M €
Cash36,5 k €109,5 k €
Debts5,2 M €2,8 M €
Other
Workforce6,6 ETP2,3 ETP

Board of directors

Source · NBB, accounts to 31/12/2022

1 active

Active mandates

Endurance Solar Solutions, Inc.

Director

Represented by David WORTHEN

Active

Other companies at this address

Paniswijerstraat 92 3600 Genk
CompanyCBE no.
0430.597.648
0461.371.491

Full financial information

Source · NBB
20222021
Type of accountAbridged modelAbridged model
Start of the financial year01/01/202220/05/2021
Closing of the financial year31/12/202231/12/2021
Length of the financial year12 months8 months
Filing date12/12/202313/10/2022
General meeting20/10/202312/08/2022
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
Abridged model31/12/202220/10/202312/12/2023DutchPDF
Abridged model31/12/202112/08/202213/10/2022DutchPDF

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 31/12/2022

1 active

Active mandates

Endurance Solar Solutions, Inc.

Director

Represented by David WORTHEN

Active

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other25/05/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

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Timeline

  1. 2022
    Annual accounts 2022146,2 k €↑
  2. 2021
    Annual accounts 2021100 k €
  3. 20/05/2021
    IncorporationPrivate limited company