OPENING OF BANKRUPTCY

CORTHOUTS

Financial year 2021 · closed on 31/12/2021
Net result
839 €
-93.4% YoY
Gross margin
96,3 k €
-1.7% YoY
Equity
28,8 k €
+3.0% YoY
Workforce
1,3 ETP
-40.9% YoY

Company — Opening of bankruptcy.

What does CORTHOUTS do?

CORTHOUTS is a Private company with limited liability incorporated in 2005. Its registered office is in Watermael-Boitsfort. It employs on average 1,3 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0877.966.103
Incorporation
16/12/2005
Legal form
Private company with limited liability
Registered office
Avenue des Coccinelles 98
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2021
Average workforce
1,3 ETP
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin96,3 k €97,9 k €137,2 k €133 k €125,6 k €152,4 k €173,3 k €153,4 k €177 k €141,6 k €169,1 k €222,2 k €228,7 k €215,6 k €212,1 k €189,3 k €
EBITDA13,9 k €25,4 k €14 k €7,9 k €-2,5 k €2,6 k €41,2 k €-42 €20,2 k €-8,7 k €61,4 k €84 k €96 k €97,3 k €98,9 k €72,6 k €
Operating result7,5 k €18,9 k €7,6 k €1,5 k €-11,3 k €-6,8 k €9,9 k €-31,1 k €-10,5 k €-30,7 k €51,7 k €31 k €47,5 k €26,7 k €44,7 k €18,8 k €
Net result839 €12,8 k €2,4 k €-1,3 k €-17 k €-11,8 k €5,4 k €-30,1 k €-17,4 k €-30,9 k €26,2 k €14,4 k €22,1 k €9,3 k €26,7 k €10,6 k €
Balance sheet
Equity28,8 k €28 k €15,2 k €12,9 k €14,2 k €31,2 k €42,9 k €37,5 k €67,6 k €85 k €115,9 k €89,7 k €77,7 k €58 k €51,1 k €26,8 k €
Total assets213,2 k €235,9 k €263,8 k €245,8 k €210,4 k €271,4 k €209,3 k €273,4 k €287,1 k €240,7 k €230,9 k €372,9 k €420,2 k €455,6 k €518,8 k €551,4 k €
Cash19,2 k €24,7 k €47,9 k €40,8 k €4,6 k €23,9 k €22,5 k €12,4 k €6,3 k €45,8 k €28,6 k €36,5 k €17,3 k €25,6 k €30,1 k €49,1 k €
Debts184,4 k €207,9 k €248,5 k €233 k €196,2 k €240,3 k €166,4 k €235,9 k €219,5 k €155,7 k €115 k €283,2 k €340 k €391,2 k €463,2 k €518 k €
Other
Workforce1,3 ETP2,2 ETP2,2 ETP1,0 ETP2,5 ETP2,0 ETP2,0 ETP2,6 ETP2,6 ETP1,9 ETP1,9 ETP2,6 ETP2,6 ETP2,6 ETP3,0 ETP3,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 5 ended

Active mandates

GIL ROLAND

Mandate

Active

Ended mandates

MG PHARMA

Manager · since 31 décembre 2011 · 0427.381.406

Ended
Jean Paul CORTHOUTS

Manager · since 01 juillet 2010 · until 31 décembre 2011

Ended
Jean Paul CORTHOUTS

Manager · since 01 juillet 2010

Ended
Nicole DUTRANNOIT

Manager · since 15 décembre 2005 · until 31 décembre 2011

Ended
At this address

Other companies at this address

Annual accounts

Full financial information

202120202019201820172016
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/11/202223/06/202207/09/202106/11/201908/10/201823/08/2017
General meeting09/05/202210/05/202201/09/202107/05/201908/05/201801/06/2017
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202109/05/202228/11/2022FrenchPDF
Abridged model31/12/202010/05/202223/06/2022FrenchPDF
Abridged model31/12/201901/09/202107/09/2021FrenchPDF
Abridged model31/12/201807/05/201906/11/2019FrenchPDF
Abridged model31/12/201708/05/201808/10/2018FrenchPDF
Abridged model31/12/201601/06/201723/08/2017FrenchPDF
Abridged model31/12/201501/07/201605/09/2016FrenchPDF
Abridged model31/12/201407/05/201528/09/2015FrenchPDF
Abridged model31/12/201313/05/201420/08/2014FrenchPDF
Abridged model31/12/201209/05/201310/10/2013FrenchPDF
Abridged model31/12/201108/05/201211/06/2012FrenchPDF
Abridged model31/12/201003/08/201104/08/2011FrenchPDF
Abridged model31/12/200930/06/201009/07/2010FrenchPDF
Abridged model31/12/200811/08/200925/08/2009FrenchPDF
Abridged model31/12/200706/08/200821/08/2008FrenchPDF
Abridged model31/12/200608/05/200702/08/2007FrenchPDF
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 · 1 active · 5 ended

Active mandates

GIL ROLAND

Mandate

Active

Ended mandates

MG PHARMA

Manager · since 31 décembre 2011 · 0427.381.406

Ended
Jean Paul CORTHOUTS

Manager · since 01 juillet 2010 · until 31 décembre 2011

Ended
Jean Paul CORTHOUTS

Manager · since 01 juillet 2010

Ended
Nicole DUTRANNOIT

Manager · since 15 décembre 2005 · until 31 décembre 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/09/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2010
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/05/2006
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/12/2005
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2021
    Annual accounts 2021839 €
  2. 2020
    Annual accounts 202012,8 k €
  3. 2019
    Annual accounts 20192,4 k €
  4. 2018
    Annual accounts 2018-1,3 k €
  5. 2017
    Annual accounts 2017-17 k €
  6. 2016
    Annual accounts 2016-11,8 k €
  7. 2015
    Annual accounts 20155,4 k €
  8. 2014
    Annual accounts 2014-30,1 k €
  9. 2013
    Annual accounts 2013-17,4 k €
  10. 2012
    Annual accounts 2012-30,9 k €
  11. 2011
    Annual accounts 201126,2 k €
  12. 2010
    Annual accounts 201014,4 k €
  13. 2009
    Annual accounts 200922,1 k €
  14. 2008
    Annual accounts 20089,3 k €
  15. 2007
    Annual accounts 200726,7 k €
  16. 2006
    Annual accounts 200610,6 k €
  17. 16/12/2005
    IncorporationPrivate company with limited liability