OPENING OF BANKRUPTCY

ISG Construction Services

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Financial year 2022 · closed on 31/12/2022

Net result

304,4 k €

-89.3% YoY

Revenue

11,7 M €

-53.4% YoY

Equity

4,2 M €

+7.9% YoY

Workforce

1,4 ETP

-57.6% YoY

Company — Opening of bankruptcy.

What does ISG Construction Services do?

ISG Construction Services is a Private limited company incorporated in 2012. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Schaerbeek. It employs on average 1,4 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0846.128.624

Incorporation

24/05/2012

Legal form

Private limited company

Registered office

Boulevard Auguste Reyers 80
1030 Schaerbeek · BruxellesSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2022

Average workforce

1,4 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2022		2021		2019		2018		2017		2016		2016		2015		2014		2013
Income statement
Revenue	11,7 M €	-53.4%	25,1 M €	-93.1%	365,4 M €	+37.3%	266,2 M €		–		–		21 M €	+128%	9,2 M €		–		–
EBITDA	268,3 k €	-94.0%	4,4 M €	-30.8%	6,4 M €	+27.2%	5 M €	+506%	832,3 k €	+23.1%	676,3 k €	+274%	180,9 k €	+2774%	-6,8 k €	+90.9%	-74,5 k €	-132%	235,6 k €
Operating result	268,3 k €	-94.0%	4,4 M €	-30.8%	6,4 M €	+27.2%	5 M €	+506%	832,3 k €	+23.1%	676,3 k €	+274%	180,9 k €	+2774%	-6,8 k €	+90.9%	-74,5 k €	-132%	235,6 k €
Net result	304,4 k €	-89.3%	2,8 M €	-35.8%	4,4 M €	+30.1%	3,4 M €	+576%	503,1 k €	+10.8%	454,3 k €	+377%	95,2 k €	+1418%	-7,2 k €	+89.8%	-70,7 k €	-146%	153,7 k €
Balance sheet
Equity	4,2 M €	+7.9%	3,9 M €	+181%	1,4 M €	+34.9%	1 M €	+34.7%	756,5 k €	+36.7%	553,3 k €	+459%	99,1 k €	+2468%	3,9 k €	-65.2%	11,1 k €	-86.4%	81,7 k €
Total assets	29,4 M €	-46.3%	54,7 M €	-53.1%	116,8 M €	+28.7%	90,8 M €	+622%	12,6 M €	-4.3%	13,1 M €	+220%	4,1 M €	-16.9%	4,9 M €	+1492%	310,1 k €	-66.6%	929,2 k €
Cash	8,9 k €	+10.9%	8 k €	-99.0%	845,2 k €	-67.8%	2,6 M €	+19.2%	2,2 M €	-60.5%	5,6 M €	+154%	2,2 M €	+26.6%	1,7 M €	+1295%	124,7 k €	-74.8%	494,5 k €
Debts	24,7 M €	-51.4%	50,9 M €	-55.9%	115,4 M €	+28.6%	89,8 M €	+662%	11,8 M €	-6.3%	12,6 M €	+216%	4 M €	-19.1%	4,9 M €	+1546%	299 k €	-64.7%	847,5 k €
Other
Workforce	1,4 ETP	-57.6%	3,3 ETP	-88.0%	27,5 ETP	+105%	13,4 ETP	+185%	4,7 ETP	-21.7%	6,0 ETP	+66.7%	3,6 ETP	+89.5%	1,9 ETP		–		–

Governance

Board of directors

Seen on filing of 31/12/2022 · 4 active · 9 ended

Active mandates

Scott BOLTON

Director · since 07 octobre 2022

Active

Bart KORINK

Director · since 11 février 2020 · until 01 juillet 2022

Active

Karen Booth

Director · since 11 février 2020

Active

Peter Millet

Director · since 11 février 2020

Active

Ended mandates

Bart Korink

Director · since 11 février 2020

Ended

Mark Stockton

Director · since 25 novembre 2014 · until 11 février 2020

Ended

Mark Stockton

Manager · since 25 novembre 2014

Ended

Paul Martin Cossel

Director · since 25 novembre 2014 · until 11 février 2020

Ended

At this address

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Association des copropriétaires "Diamant Building" à Schaerbeek, boulevard Auguste Reyers 80● Active	0807.986.046
ASSOCIATION OF EUROPEAN BUSINESSES IN RUSSIA - EU - REPRESENTATION● Active	0838.126.916
BELGIAN SECURITY & DEFENCE INDUSTRY● Active	0862.118.875
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European Society of Agricultural Engineers● Active	0781.824.948
EUROVENT (COMITE EUROPEEN DES CONSTRUCTEURS DE MATERIEL AERAULIQUE)● Liquidation	0448.273.424
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ITYM● Bankrupt	0793.682.704

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2023	06/12/2022	07/09/2021	15/06/2020	20/06/2019	11/06/2018
General meeting	30/06/2023	30/06/2022	19/05/2021	20/05/2020	17/06/2019	10/06/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	30/06/2023	30/06/2023	French	PDF
Full model	31/12/2021	30/06/2022	06/12/2022	French	PDF
Full model	31/12/2020	19/05/2021	07/09/2021	French	PDF
Full model	31/12/2019	20/05/2020	15/06/2020	French	PDF
Full model	31/12/2018	17/06/2019	20/06/2019	French	PDF
Abridged model	31/12/2017	10/06/2018	11/06/2018	French	PDF
Abridged model	31/12/2016	03/08/2017	16/08/2017	French	PDF
Full model	30/06/2016	27/01/2017	20/02/2017	French	PDF
Full model	30/06/2015	16/09/2016	28/09/2016	French	PDF
Abridged model	30/06/2014	25/11/2014	08/12/2014	French	PDF
Abridged model	30/06/2013	10/12/2013	19/02/2014	French	PDF

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 · 4 active · 9 ended

Active mandates

Scott BOLTON

Director · since 07 octobre 2022

Active

Bart KORINK

Director · since 11 février 2020 · until 01 juillet 2022

Active

Karen Booth

Director · since 11 février 2020

Active

Peter Millet

Director · since 11 février 2020

Active

Ended mandates

Bart Korink

Director · since 11 février 2020

Ended

Mark Stockton

Director · since 25 novembre 2014 · until 11 février 2020

Ended

Mark Stockton

Manager · since 25 novembre 2014

Ended

Paul Martin Cossel

Director · since 25 novembre 2014 · until 11 février 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates12/02/2020
DEMISSIONS, NOMINATIONS
PDF
Other05/08/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/06/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
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

22/08/2023
nominationZoe Bentley-Price — administrateur
2022
Annual accounts 2022304,4 k €↓
17/11/2022
nominationBaker Tilly Bedrijfsrevisoren BV — commissaire
07/10/2022
nominationScott Bolton — administrateur
2021
Annual accounts 20212,8 M €↓
2019
Annual accounts 20194,4 M €↑
2018
Annual accounts 20183,4 M €↑
2017
Annual accounts 2017503,1 k €↑
2016
Annual accounts 2016454,3 k €↑
2016
Annual accounts 201695,2 k €↑
2015
Annual accounts 2015-7,2 k €↑
2014
Annual accounts 2014-70,7 k €↓
2013
Annual accounts 2013153,7 k €
24/05/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ISG Construction Services

Overview

What does ISG Construction Services do?

Trend over 10 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline