OPENING OF BANKRUPTCY

KURTAL GROUP

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Financial year 2020 · closed on 31/12/2020

Net result

32,7 k €

+53.9% YoY

Gross margin

43,2 k €

+70.3% YoY

Equity

43,9 k €

+292.9% YoY

Company — Opening of bankruptcy.

What does KURTAL GROUP do?

KURTAL GROUP is a Private limited company incorporated in 2004. Its main activity is: Freight transport by road. Its registered office is in Genk.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0867.180.988

Incorporation

10/09/2004

Legal form

Private limited company

Registered office

Tennislaan 19
3600 Genk · FlandreSee on map

Contributed capital

54 600,00 €

Latest accounts

31/12/2020

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	43,2 k €	+70.3%	25,4 k €	+5700%	-452,9 €	+48.1%	-872,3 €	+91.1%	-9,8 k €	-123%	42,8 k €	-25.8%	57,7 k €	-4.1%	60,2 k €	-19.7%	75 k €	+19.6%	62,7 k €	-32.0%	92,2 k €	+50.1%	61,4 k €	+385%	12,7 k €	-75.4%	51,4 k €	+120%	23,4 k €
EBITDA	38,6 k €	+53.1%	25,2 k €	+4994%	-514,9 €	+59.8%	-1,3 k €	+97.5%	-51,4 k €	-141%	-21,3 k €	-193%	22,9 k €	-57.5%	54 k €	-23.3%	70,4 k €	+19.0%	59,1 k €	-32.0%	86,9 k €	+130%	37,9 k €	+219%	-31,8 k €	-434%	9,5 k €	+152%	-18,2 k €
Operating result	35,1 k €	+60.7%	21,9 k €	+4347%	-514,9 €	+59.8%	-1,3 k €	+97.5%	-51,5 k €	-140%	-21,4 k €	-199%	21,7 k €	-59.0%	52,9 k €	+6.0%	49,9 k €	+25.5%	39,8 k €	-41.0%	67,4 k €	+1059%	5,8 k €	+109%	-68 k €	-374%	-14,3 k €	+44.2%	-25,7 k €
Net result	32,7 k €	+53.9%	21,3 k €	+2479%	-893,3 €	+48.7%	-1,7 k €	+97.0%	-58,7 k €	-140%	-24,5 k €	-274%	14,1 k €	-67.9%	43,9 k €	+24.0%	35,4 k €	+1.9%	34,7 k €	-39.2%	57,1 k €	+425%	-17,6 k €	+77.9%	-79,4 k €	-2413%	-3,2 k €	+90.3%	-32,7 k €
Balance sheet
Equity	43,9 k €	+293%	11,2 k €	+211%	-10,1 k €	-9.7%	-9,2 k €	-23.4%	-7,4 k €	-115%	51,3 k €	-32.4%	75,8 k €	+22.9%	61,7 k €	+247%	17,8 k €	+201%	-17,6 k €	+66.3%	-52,4 k €	+52.2%	-109,5 k €	-19.1%	-91,9 k €	-89.4%	-48,5 k €	-7.0%	-45,4 k €
Total assets	90,6 k €	+121%	41 k €	+10985%	369,8 €	+5.1%	351,8 €	-98.3%	20,2 k €	-83.0%	119,2 k €	-5.7%	126,4 k €	+53.8%	82,1 k €	+9.6%	75 k €	+3.9%	72,1 k €	-17.8%	87,8 k €	-24.3%	115,9 k €	-8.4%	126,5 k €	+53.1%	82,6 k €	+23.1%	67,1 k €
Cash	7 €	-22.2%	9 €	+0.4%	9 €	-55.6%	20,2 €	+125%	9 €	+0.1%	9 €	-99.9%	13 k €	+18942%	68,5 €	-99.2%	8,1 k €	+617%	1,1 k €	+120%	513,6 €	+2591%	19,1 €	-98.4%	1,2 k €	-73.5%	4,5 k €	+2097%	206 €
Debts	46,7 k €	+56.8%	29,8 k €	+185%	10,5 k €	+9.6%	9,5 k €	-65.5%	27,7 k €	-59.2%	67,9 k €	+34.3%	50,6 k €	+147%	20,4 k €	-64.2%	57,2 k €	-36.3%	89,8 k €	-36.0%	140,2 k €	-37.8%	225,4 k €	+3.5%	217,8 k €	+66.1%	131,2 k €	+16.6%	112,5 k €
Other
Workforce	–		–		–		–		–		1,0 ETP	+42.9%	0,7 ETP		–		–		–		–		–		–		0,6 ETP		–

Governance

Board of directors

Seen on filing of 31/12/2020 · 1 active · 2 ended

Active mandates

MUSTAFA KURTAL

Director · since 19 octobre 2019

Active

Ended mandates

Mustafa KURTAL

Manager

Ended

UNAL KURTAL

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Blacksea International● Active	0803.127.930

Annual accounts

Full financial information

	2020	2019	2018	2017	2016	2015
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016	01/01/2015
Closing of the financial year	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016	31/12/2015
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2021	06/11/2020	30/08/2019	28/08/2018	30/08/2017	29/09/2016
General meeting	04/06/2021	08/09/2020	07/06/2019	01/06/2018	02/06/2017	03/06/2016
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2020	04/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	06/11/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	27/09/2007	Dutch	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 31/12/2020 · 1 active · 2 ended

Active mandates

MUSTAFA KURTAL

Director · since 19 octobre 2019

Active

Ended mandates

Mustafa KURTAL

Manager

Ended

UNAL KURTAL

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Court decision14/07/2022
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates29/11/2019
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/10/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other20/09/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2020
Annual accounts 202032,7 k €↑
2019
Annual accounts 201921,3 k €↑
2019
Name changeKURTAL GROUP
2018
Annual accounts 2018-893,3 €↑
2017
Annual accounts 2017-1,7 k €↑
2016
Annual accounts 2016-58,7 k €↓
2015
Annual accounts 2015-24,5 k €↓
2014
Annual accounts 201414,1 k €↓
2013
Annual accounts 201343,9 k €↑
2012
Annual accounts 201235,4 k €↑
2011
Annual accounts 201134,7 k €↓
2010
Annual accounts 201057,1 k €↑
2009
Annual accounts 2009-17,6 k €↑
2008
Annual accounts 2008-79,4 k €↓
2007
Annual accounts 2007-3,2 k €↑
2006
Annual accounts 2006-32,7 k €
2006
Name changeISI TRANS
10/09/2004
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

KURTAL GROUP

Overview

What does KURTAL GROUP do?

Trend over 15 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