OPENING OF BANKRUPTCY

Elektriciteitswerken Lestaeghe

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Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/12/2019

Net result5,3 k €+109,1 %over 1 year

Gross margin986 k €+51,4 %over 1 year

Equity914,2 k €+0,6 %over 1 year

Workforce15,8 ETP+27,4 %over 1 year

Identity

Source · BCE/KBO

Elektriciteitswerken Lestaeghe is a Cooperative company with limited liability incorporated in 2005. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Oudenburg. It employs on average 15,8 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0872.483.128
Incorporation: 14/03/2005
Legal form: Cooperative company with limited liability
Registered office: Marktstraat 10 box 2
8460 Oudenburg · FlandreSee on map
Latest accounts: 31/12/2019
Average workforce: 15,8 ETP

Activities (NACE)

25401Manufacture of weapons and ammunition· main 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 33140Repair of electrical equipment 33140Repair of electrical equipment+2

Joint committees (2)

14901
201

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 14 filings

Trend over 13 financial years

	2019		2018		2017		2016		2015
Income statement
Gross margin	986 k €	+51.4%	651 k €	-18.9%	802,4 k €	+6.9%	750,7 k €	-10.3%	836,6 k €
EBITDA	92,1 k €	+589%	-18,8 k €	-139%	48,7 k €	-54.7%	107,3 k €	-51.8%	222,6 k €
Operating result	77,2 k €	+256%	-49,4 k €	-330%	21,5 k €	-73.8%	82,1 k €	-58.1%	195,7 k €
Net result	5,3 k €	+109%	-58,2 k €	-457%	16,3 k €	-72.9%	60,1 k €	-55.9%	136,1 k €
Balance sheet
Equity	914,2 k €	+0.6%	908,9 k €	-6.0%	967,1 k €	0.0%	967,1 k €	+3.0%	939,1 k €
Total assets	2 M €	+31.0%	1,5 M €	+24.6%	1,2 M €	+3.6%	1,2 M €	+6.7%	1,1 M €
Cash	–		13,4 k €	-92.8%	185,5 k €	-65.1%	532,1 k €	-12.7%	609,7 k €
Debts	1,1 M €	+75.2%	627,8 k €	+132%	270,2 k €	+19.1%	226,9 k €	+82.1%	124,6 k €
Other
Workforce	15,8 ETP	+27.4%	12,4 ETP	-2.4%	12,7 ETP	-5.2%	13,4 ETP	-2.2%	13,7 ETP

Board of directors

Source · NBB, accounts to 31/12/2019

1 active · 12 ended

Active mandates

Wolfgang Lestaeghe Management

Chairman of the board of directors · since 05 mars 2016 · until 04 juin 2021 · 0649.617.512

Represented by Wolfgang Lestaeghe

Active

Ended mandates

Wolfgang Lestaeghe Management

Director · since 15 mars 2016 · until 04 juin 2021 · 0649.617.512

Represented by Wolfgang Lestaeghe

Ended

Joris Lestaeghe

Director · since 28 décembre 2015 · until 12 mars 2018

Ended

Joris Lestaeghe

Director · since 28 décembre 2015 · until 04 juin 2021

Ended

Wolfgang Lestaeghe

Director · since 28 décembre 2015 · until 15 mars 2016

Ended

Other companies at this address

Marktstraat 10 8460 Oudenburg

Company	CBE no.
Maatschap Noordwest HR Consulting● Bankrupt	0765.782.534
Maatschap Noordwest Plaatsbeschrijvingen● Active	0765.316.142
Maatschap Yourmegashop● Active	0765.315.053
Opdedrynck● Bankrupt	0411.924.059
WL-Invest● Bankrupt	0773.559.261
Wolfgang Lestaeghe Management● Bankrupt	0649.617.512

Full financial information

Source · NBB

	2019	2018	2017	2016	2015	2014
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2019	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014
Closing of the financial year	31/12/2019	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/10/2020	31/07/2019	30/08/2018	31/07/2017	31/08/2016	17/07/2015
General meeting	25/09/2020	25/07/2019	16/08/2018	24/07/2017	19/08/2016	26/06/2015
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2019	25/09/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	25/07/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/08/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/07/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/08/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	27/07/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	22/07/2011	17/08/2011	Dutch	PDF
Abridged model	30/06/2009	14/09/2009	21/09/2009	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	13/01/2009	Dutch	PDF
Abridged model	30/06/2007	07/12/2007	29/01/2008	Dutch	PDF
Abridged model	30/06/2006	01/12/2006	31/01/2007	Dutch	PDF

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 31/12/2019

1 active · 12 ended

Active mandates

Wolfgang Lestaeghe Management

Chairman of the board of directors · since 05 mars 2016 · until 04 juin 2021 · 0649.617.512

Represented by Wolfgang Lestaeghe

Active

Ended mandates

Wolfgang Lestaeghe Management

Director · since 15 mars 2016 · until 04 juin 2021 · 0649.617.512

Represented by Wolfgang Lestaeghe

Ended

Joris Lestaeghe

Director · since 28 décembre 2015 · until 12 mars 2018

Ended

Joris Lestaeghe

Director · since 28 décembre 2015 · until 04 juin 2021

Ended

Wolfgang Lestaeghe

Director · since 28 décembre 2015 · until 15 mars 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office29/01/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2016
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates21/10/2009
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/10/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/08/2009
MAATSCHAPPELIJKE ZETEL
PDF
Registered office10/02/2006
MAATSCHAPPELIJKE ZETEL
PDF

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Timeline

2019
Annual accounts 20195,3 k €↑
2018
Annual accounts 2018-58,2 k €↓
2017
Annual accounts 201716,3 k €↓
2016
Annual accounts 201660,1 k €↓
2015
Annual accounts 2015136,1 k €↑
2014
Annual accounts 2014115,5 k €↓
2013
Annual accounts 2013128 k €↓
2012
Annual accounts 2012179,4 k €↓
2011
Annual accounts 2011203,8 k €↑
2010
Annual accounts 2010169,7 k €↑
2010
Name changeElektriciteitswerken Lestaeghe
2009
Annual accounts 20091,7 k €↑
2008
Annual accounts 2008-1,3 k €↓
2007
Annual accounts 200710,2 k €
2007
Name changeWHITE CORNER PROJECTS & INTERIORS
14/03/2005
IncorporationCooperative company with limited liability

Elektriciteitswerken Lestaeghe

Overview

Identity

Financials

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

Timeline