ACTIVE

ANTWERP CUT

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Financial year 2024 · closed on 31/12/2024

Net result

1,4 M €

-34.6% YoY

Revenue

4,1 M €

-46.0% YoY

Equity

32,3 M €

+4.6% YoY

Workforce

2,8 ETP

-6.7% YoY

What does ANTWERP CUT do?

ANTWERP CUT is a Private limited company incorporated in 2007. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.295.505

Incorporation

08/05/2007

Legal form

Private limited company

Registered office

Hoveniersstraat 51 box 150
2018 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

2,8 ETP

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	4,1 M €	-46.0%	7,5 M €	-18.1%	9,2 M €	-72.7%	33,7 M €	+102%	16,7 M €	+86.1%	9 M €	-68.8%	28,7 M €	+41.2%	20,3 M €	+73.6%	11,7 M €	+11.5%	10,5 M €	-73.0%	38,9 M €	+25.4%	31 M €	+50.3%	20,6 M €	+36.8%	15,1 M €		–		–		–		–
EBITDA	1,5 M €	-31.8%	2,3 M €	-44.3%	4,1 M €	-66.5%	12,1 M €	+1882%	610,8 k €	-83.2%	3,6 M €	-53.7%	7,9 M €	+280%	2,1 M €	+16.5%	1,8 M €	+1161%	140,8 k €	-35.1%	217 k €	+36.9%	158,5 k €	+29.0%	122,9 k €	+34.6%	91,3 k €	+23.0%	74,2 k €	+32.6%	56 k €	+469%	9,8 k €	+191%	-10,8 k €
Operating result	1,4 M €	-33.9%	2,2 M €	-45.9%	4 M €	-66.5%	12,1 M €	+1905%	603,6 k €	-83.4%	3,6 M €	-53.8%	7,8 M €	+281%	2,1 M €	+16.5%	1,8 M €	+1241%	131,9 k €	-34.5%	201,3 k €	+50.5%	133,8 k €	+41.7%	94,4 k €	+46.7%	64,3 k €	+26.4%	50,9 k €	+31.2%	38,8 k €	+1163%	3,1 k €	+128%	-10,9 k €
Net result	1,4 M €	-34.6%	2,2 M €	-47.7%	4,1 M €	-65.9%	12,1 M €	+1783%	644,2 k €	-82.2%	3,6 M €	-53.4%	7,8 M €	+325%	1,8 M €	+15.9%	1,6 M €	+1866%	80,2 k €	-31.5%	117,1 k €	+63.0%	71,8 k €	+52.5%	47,1 k €	+53.2%	30,8 k €	+25.9%	24,4 k €	+33.8%	18,3 k €	+736%	2,2 k €	+357%	477,7 €
Balance sheet
Equity	32,3 M €	+4.6%	30,8 M €	+1.1%	30,5 M €	+9.1%	28 M €	+76.4%	15,9 M €	+4.2%	15,2 M €	+31.2%	11,6 M €	+204%	3,8 M €	+91.9%	2 M €	+384%	411 k €	+24.3%	330,8 k €	+54.8%	213,7 k €	+50.7%	141,8 k €	+49.7%	94,7 k €	+48.1%	64 k €	+61.8%	39,5 k €	+85.9%	21,3 k €	+11.4%	19,1 k €
Total assets	33,3 M €	+4.1%	32 M €	+0.9%	31,7 M €	+3.8%	30,6 M €	+85.7%	16,5 M €	-8.3%	18 M €	-36.0%	28,1 M €	+87.7%	15 M €	+220%	4,7 M €	+74.8%	2,7 M €	-59.8%	6,6 M €	+6.5%	6,2 M €	+18.8%	5,2 M €	+73.1%	3 M €	-26.9%	4,1 M €	+46.1%	2,8 M €	-8.7%	3,1 M €	+63.3%	1,9 M €
Cash	572,7 k €	-81.2%	3 M €	+325%	717,4 k €	-95.2%	14,8 M €	+3340%	430,5 k €	-91.2%	4,9 M €	-70.4%	16,5 M €	+452%	3 M €	+825%	323 k €	+157%	125,9 k €	+254%	35,5 k €	-89.1%	325,3 k €	-86.7%	2,4 M €	+348%	545,9 k €	-32.2%	805 k €	+110%	383,5 k €	+408%	75,6 k €	-68.0%	235,9 k €
Debts	1,1 M €	-8.6%	1,2 M €	-5.5%	1,2 M €	-53.0%	2,6 M €	+330%	607 k €	-77.9%	2,7 M €	-83.3%	16,5 M €	+48.0%	11,1 M €	+316%	2,7 M €	+18.4%	2,3 M €	-64.1%	6,3 M €	+4.6%	6 M €	+17.9%	5,1 M €	+73.9%	2,9 M €	-27.9%	4,1 M €	+45.9%	2,8 M €	-9.4%	3,1 M €	+63.4%	1,9 M €
Other
Workforce	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	+25.0%	2,0 ETP	-20.0%	2,5 ETP	0.0%	2,5 ETP	-16.7%	3,0 ETP	+3.4%	2,9 ETP	+31.8%	2,2 ETP	+4.8%	2,1 ETP	+110%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 3 ended

Active mandates

Yaël GUTKIND

Director · since 01 juin 2024

Active

Massih Akiki

Director · since 23 avril 2007

Active

Ended mandates

Massih (Mike) AKIKI

Manager · since 23 avril 2007

Ended

Massih Akiki

Manager · since 23 avril 2007

Ended

Massih AKIKI

Manager

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	01/08/2024	31/08/2023	27/07/2022	26/07/2021	28/07/2020
General meeting	30/09/2025	19/07/2024	31/08/2023	26/07/2022	16/07/2021	17/07/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/09/2025	30/09/2025	Dutch	PDF
Full model	31/12/2023	19/07/2024	01/08/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	26/07/2022	27/07/2022	Dutch	PDF
Full model	31/12/2020	16/07/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	17/07/2020	28/07/2020	Dutch	PDF
Full model	31/12/2018	30/09/2019	30/09/2019	Dutch	PDF
Full model	31/12/2017	30/08/2018	30/08/2018	Dutch	PDF
Full model	31/12/2016	31/08/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	30/08/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	28/08/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	26/08/2014	27/08/2014	Dutch	PDF
Full model	31/12/2012	20/09/2013	20/12/2013	Dutch	PDF
Full model	31/12/2011	26/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	30/09/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 31/12/2024 · 2 active · 3 ended

Active mandates

Yaël GUTKIND

Director · since 01 juin 2024

Active

Massih Akiki

Director · since 23 avril 2007

Active

Ended mandates

Massih (Mike) AKIKI

Manager · since 23 avril 2007

Ended

Massih Akiki

Manager · since 23 avril 2007

Ended

Massih AKIKI

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates12/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/05/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/12/2007
VERPLAATSING MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20232,2 M €↓
2022
Annual accounts 20224,1 M €↓
2021
Annual accounts 202112,1 M €↑
2020
Annual accounts 2020644,2 k €↓
2019
Annual accounts 20193,6 M €↓
2018
Annual accounts 20187,8 M €↑
2017
Annual accounts 20171,8 M €↑
2016
Annual accounts 20161,6 M €↑
2015
Annual accounts 201580,2 k €↓
2014
Annual accounts 2014117,1 k €↑
2013
Annual accounts 201371,8 k €↑
2012
Annual accounts 201247,1 k €↑
2011
Annual accounts 201130,8 k €↑
2010
Annual accounts 201024,4 k €↑
2009
Annual accounts 200918,3 k €↑
2008
Annual accounts 20082,2 k €↑
2007
Annual accounts 2007477,7 €
08/05/2007
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

ANTWERP CUT

Overview

What does ANTWERP CUT do?

Trend over 18 financial years

Indicative valuation

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