OPENING OF BANKRUPTCY

BELGASERRE

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Financial year 2021 · closed on 31/12/2021

Net result

2 k €

-64.5% YoY

Gross margin

160,1 k €

-23.2% YoY

Equity

47,8 k €

+39.6% YoY

Workforce

4,0 ETP

0.0% YoY

Company — Opening of bankruptcy.

What does BELGASERRE do?

BELGASERRE is a Private company with limited liability incorporated in 2005. Its registered office is in Meulebeke. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0871.815.016

Incorporation

10/02/2005

Legal form

Private company with limited liability

Registered office

Tieltstraat 161
8760 Meulebeke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2021

Average workforce

4,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	160,1 k €	-23.2%	208,5 k €	+15.6%	180,4 k €	+17.2%	153,9 k €	+19.5%	128,8 k €	-19.7%	160,4 k €	-17.8%	195,1 k €	+1.8%	191,6 k €	+0.3%	191,1 k €	-20.2%	239,5 k €	-0.8%	241,5 k €	+20.2%	200,9 k €	-14.8%	235,7 k €	+41.2%	167 k €	+48.9%	112,1 k €
EBITDA	9,4 k €	-31.1%	13,7 k €	+25.3%	10,9 k €	-39.7%	18,1 k €	+9.4%	16,6 k €	+222%	-13,6 k €	-216%	11,7 k €	+7.5%	10,9 k €	-6.2%	11,6 k €	+12.0%	10,4 k €	-78.3%	47,9 k €	+109%	22,9 k €	-27.5%	31,6 k €	-2.7%	32,5 k €	+63.6%	19,8 k €
Operating result	8,7 k €	-18.7%	10,8 k €	+46.7%	7,3 k €	-24.3%	9,7 k €	+25.0%	7,8 k €	+139%	-19,8 k €	-589%	4 k €	+356%	-1,6 k €	-132%	4,9 k €	+307%	1,2 k €	-95.8%	28,5 k €	+176%	10,3 k €	+37.4%	7,5 k €	-12.4%	8,6 k €	+245%	-5,9 k €
Net result	2 k €	-64.5%	5,6 k €	-5.2%	5,9 k €	+95.0%	3 k €	+19432%	15,5 €	+100%	-20,5 k €	-625%	3,9 k €	+48.6%	2,6 k €	-51.2%	5,4 k €	+70.1%	3,2 k €	-82.5%	18,2 k €	+233%	5,5 k €	+516%	884,6 €	+2.2%	865,7 €	+110%	-8,6 k €
Balance sheet
Equity	47,8 k €	+39.6%	34,3 k €	+19.5%	28,7 k €	+25.9%	22,8 k €	+15.3%	19,8 k €	+0.1%	19,7 k €	-51.0%	40,3 k €	+10.8%	36,3 k €	+7.8%	33,7 k €	+1.2%	33,3 k €	+10.5%	30,1 k €	+0.5%	30 k €	+22.2%	24,5 k €	+3.7%	23,7 k €	+3.8%	22,8 k €
Total assets	94,4 k €	+34.8%	70 k €	-22.0%	89,7 k €	-45.3%	164 k €	+46.1%	112,3 k €	+5.2%	106,7 k €	-14.0%	124,1 k €	-35.8%	193,2 k €	+26.6%	152,6 k €	-15.1%	179,9 k €	-11.4%	203 k €	+34.5%	150,9 k €	-35.7%	234,5 k €	+17.6%	199,4 k €	-18.7%	245,4 k €
Cash	3,5 k €	+1877%	174,8 €	-9.2%	192,4 €	-34.5%	293,9 €	+521%	47,4 €	-95.9%	1,1 k €	+13941%	8,2 €	-100.0%	62,9 k €	+163%	23,9 k €	+167%	9 k €	-82.9%	52,4 k €	+2106%	2,4 k €	+339%	540,8 €	-70.0%	1,8 k €	+46.6%	1,2 k €
Debts	46,5 k €	+143%	19,1 k €	-57.7%	45,2 k €	-64.8%	128,6 k €	+47.3%	87,3 k €	+11.7%	78,1 k €	-2.8%	80,4 k €	-45.1%	146,3 k €	+27.3%	115 k €	-4.3%	120,1 k €	-20.6%	151,3 k €	+32.1%	114,6 k €	-41.3%	195,1 k €	+16.8%	167,1 k €	-24.0%	219,9 k €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-9.1%	4,4 ETP	-12.0%	5,0 ETP	+4.2%	4,8 ETP	-4.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+2.0%	4,9 ETP	+63.3%	3,0 ETP	+20.0%	2,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 9 ended

Active mandates

Adronic Demuynck

Director

Active

Dirk Dedeurwaerdere

Director

Active

Ended mandates

ANDRONIC DEMUYNCK

Director · since 19 mai 2005

Ended

ANDRONIC DEMUYNCK

Manager · since 19 mai 2005

Ended

DIRK DEDEURWAERDER

Manager · since 10 février 2005

Ended

DIRK DEDEURWAERDERE

Director · since 10 février 2005

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/07/2022	07/07/2021	29/06/2020	16/07/2019	16/07/2018	23/08/2017
General meeting	18/06/2022	05/06/2021	20/06/2020	15/06/2019	16/06/2018	17/06/2017
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	18/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	07/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	10/08/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	18/06/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	28/09/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	22/09/2009	Dutch	PDF
Abridged model	31/12/2007	16/08/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/07/2007	27/08/2007	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 31/12/2021 · 2 active · 9 ended

Active mandates

Adronic Demuynck

Director

Active

Dirk Dedeurwaerdere

Director

Active

Ended mandates

ANDRONIC DEMUYNCK

Director · since 19 mai 2005

Ended

ANDRONIC DEMUYNCK

Manager · since 19 mai 2005

Ended

DIRK DEDEURWAERDER

Manager · since 10 février 2005

Ended

DIRK DEDEURWAERDERE

Director · since 10 février 2005

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2021
Annual accounts 20212 k €↓
2019
Annual accounts 20195,6 k €↓
2018
Annual accounts 20185,9 k €↑
2017
Annual accounts 20173 k €↑
2016
Annual accounts 201615,5 €↑
2015
Annual accounts 2015-20,5 k €↓
2014
Annual accounts 20143,9 k €↑
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 20125,4 k €↑
2011
Annual accounts 20113,2 k €↓
2010
Annual accounts 201018,2 k €↑
2009
Annual accounts 20095,5 k €↑
2008
Annual accounts 2008884,6 €↑
2007
Annual accounts 2007865,7 €↑
2006
Annual accounts 2006-8,6 k €
10/02/2005
IncorporationPrivate company with limited liability

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

BELGASERRE

Overview

What does BELGASERRE do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline