OPENING OF BANKRUPTCY

Grandeco Wallfashion Group

Company — Opening of bankruptcy.

Financial year 2011 · Closed on 31/12/2011

Net result1,1 M €+125,2 %over 1 year
Revenue28 M €+10,3 %over 1 year
Equity2,8 M €+186,7 %over 1 year
Workforce141,3 ETP+6,8 %over 1 year

Identity

Source · BCE/KBO

Grandeco Wallfashion Group is a Public limited company incorporated in 2007. Its main activity is: Manufacture of wallpaper. Its registered office is in Tielt. It employs on average 141,3 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0889.387.654
Incorporation
11/05/2007
Legal form
Public limited company
Registered office
Wakkensesteenweg 49
8700 Tielt · FlandreSee on map
Latest accounts
31/12/2011
Average workforce
141,3 ETP
Joint committees (2)
  • 120
  • 214
Signals
ProfitablePositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 5 filings

Trend over 4 financial years

2011201020082007
Income statement
Revenue28 M €25,3 M €78,3 M €40,7 M €
EBITDA-1,5 M €-1,4 M €2,4 M €2,6 M €
Operating result-3,8 M €-3,9 M €-1,2 M €-1,9 M €
Net result1,1 M €-4,4 M €-1,5 M €-3,1 M €
Balance sheet
Equity2,8 M €-3,2 M €1,5 M €2,8 M €
Total assets15,4 M €16 M €46,9 M €52,8 M €
Cash3 k €3,7 k €1 M €800 k €
Debts11,1 M €17,7 M €43,3 M €48,9 M €
Other
Workforce141,3 ETP132,3 ETP275,5 ETP268,0 ETP

Board of directors

Source · NBB, accounts to 31/12/2011

2 active · 6 ended

Active mandates

Grandeco Group Services

Director · since 30 juin 2009 · until 16 mai 2014 · 0811.660.069

Represented by Alain Keppens

Active
PINNACLE

Director · since 30 juin 2009 · until 16 mai 2014 · 0889.354.396

Represented by Frank De Roo

Active

Ended mandates

Tom Van de Voorde

Director · since 30 janvier 2008 · until 20 mai 2011

Ended
Indeco

Director · since 25 juin 2007 · until 20 mai 2011 · 0475.456.683

Represented by Hans De Smet

Ended
Indeco

Director · since 25 juin 2007 · until 20 mai 2011 · 0890.391.803

Represented by Hans De Smet

Ended
Alain Keppens

Director · since 10 mai 2007 · until 20 mai 2011

Ended

Other companies at this address

Wakkensesteenweg 49 8700 Tielt
CompanyCBE no.
0820.463.117
0811.702.334
GRANDIMMO● Active
0890.354.387
0745.385.810

Full financial information

Source · NBB
20112010200920082007
Type of accountFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201101/01/201001/01/200901/01/200810/05/2007
Closing of the financial year31/12/201131/12/201031/12/200931/12/200831/12/2007
Length of the financial year12 months12 months12 months12 months8 months
Filing date12/06/201214/06/201115/06/201011/06/200911/06/2008
General meeting18/05/201220/05/201121/05/201015/05/200916/05/2008
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201118/05/201212/06/2012DutchPDF
Full model31/12/201020/05/201114/06/2011DutchPDF
Full model31/12/200921/05/201015/06/2010DutchPDF
Full model31/12/200815/05/200911/06/2009DutchPDF
Full model31/12/200716/05/200811/06/2008DutchPDF

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 31/12/2011

2 active · 6 ended

Active mandates

Grandeco Group Services

Director · since 30 juin 2009 · until 16 mai 2014 · 0811.660.069

Represented by Alain Keppens

Active
PINNACLE

Director · since 30 juin 2009 · until 16 mai 2014 · 0889.354.396

Represented by Frank De Roo

Active

Ended mandates

Tom Van de Voorde

Director · since 30 janvier 2008 · until 20 mai 2011

Ended
Indeco

Director · since 25 juin 2007 · until 20 mai 2011 · 0475.456.683

Represented by Hans De Smet

Ended
Indeco

Director · since 25 juin 2007 · until 20 mai 2011 · 0890.391.803

Represented by Hans De Smet

Ended
Alain Keppens

Director · since 10 mai 2007 · until 20 mai 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Court decision01/02/2013
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Mandates25/01/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/03/2012
    KAPITAAL - AANDELEN
    PDF
  • Other26/01/2012
    DIVERSEN
    PDF
  • Capital / shares04/09/2009
    KAPITAAL - AANDELEN - DIVERSEN
    PDF
  • Restructuring04/08/2009
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/05/2009
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF

Similar companies

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

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Timeline

  1. 2011
    Annual accounts 20111,1 M €↑
  2. 2010
    Annual accounts 2010-4,4 M €↓
  3. 2008
    Annual accounts 2008-1,5 M €↑
  4. 2007
    Annual accounts 2007-3,1 M €
  5. 11/05/2007
    IncorporationPublic limited company