OPENING OF BANKRUPTCY

Red Brands Franchise Network

Company — Opening of bankruptcy.

Financial year 2024 · Closed on 31/12/2024

Net result35,3 k €+173,2 %over 1 year
Gross margin36,7 k €+175,8 %over 1 year
Equity12 k €+151,7 %over 1 year

Identity

Source · BCE/KBO

Red Brands Franchise Network is a Private limited company incorporated in 2021. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Hasselt.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0775.928.536
Incorporation
19/10/2021
Legal form
Private limited company
Registered office
Koning Boudewijnlaan 20 box A
3500 Hasselt · FlandreSee on map
Contributed capital
2 400,00 €
Latest accounts
31/12/2024
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202420232022
Income statement
Gross margin36,7 k €-48,3 k €30,6 k €
EBITDA36,6 k €-48,9 k €29,8 k €
Operating result36,6 k €-48,9 k €29,8 k €
Net result35,3 k €-48,2 k €22,6 k €
Balance sheet
Equity12 k €-23,3 k €25 k €
Total assets302,4 k €297,9 k €380,4 k €
Cash653,1 €9,3 k €3,5 k €
Debts290,4 k €321,2 k €355,4 k €

Board of directors

Source · NBB, accounts to 31/12/2024

1 active · 4 ended

Active mandates

Angelov Biser

Director

Active

Ended mandates

Caner Yazar

Director · since 19 octobre 2021

Ended
Caner Yazar

Director

Ended
Hasan Toksoy

Director

Ended
Yavus Cayci

Director

Ended

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Koning Boudewijnlaan 20 3500 Hasselt
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Full financial information

Source · NBB
202420232022
Type of accountMicro modelMicro modelAbridged model
Start of the financial year01/01/202401/01/202319/10/2021
Closing of the financial year31/12/202431/12/202331/12/2022
Length of the financial year12 months12 months15 months
Filing date31/08/202530/09/202431/08/2023
General meeting16/06/202517/06/202415/06/2023
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202416/06/202531/08/2025DutchPDF
Micro model31/12/202317/06/202430/09/2024DutchPDF
Abridged model31/12/202215/06/202331/08/2023DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2024

1 active · 4 ended

Active mandates

Angelov Biser

Director

Active

Ended mandates

Caner Yazar

Director · since 19 octobre 2021

Ended
Caner Yazar

Director

Ended
Hasan Toksoy

Director

Ended
Yavus Cayci

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office11/02/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/07/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/10/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 202435,3 k €↑
  2. 2023
    Annual accounts 2023-48,2 k €↓
  3. 2022
    Annual accounts 202222,6 k €
  4. 19/10/2021
    IncorporationPrivate limited company