OPENING OF BANKRUPTCY

PRO Leather

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Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/12/2019

Net result-1,4 M €-3 942,1 %over 1 year

Revenue14,3 M €-3,7 %over 1 year

Equity1,1 M €-56,9 %over 1 year

Workforce2,7 ETP+58,8 %over 1 year

Identity

Source · BCE/KBO

PRO Leather is a Public limited company incorporated in 2007. Its main activity is: Manufacture of coke oven products. Its registered office is in Eupen. It employs on average 2,7 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0891.397.435
Incorporation: 13/08/2007
Legal form: Public limited company
Registered office: Industriestrasse 26
4700 Eupen · WallonieSee on map
Latest accounts: 31/12/2019
Average workforce: 2,7 ETP

Activities (NACE)

19100Manufacture of coke oven products· main 46240Wholesale of hides, skins and leather 46240Wholesale of hides, skins and leather 15110Tanning and dressing of leather; dressing and dyeing of fur 15110Tanning and dressing of leather; dressing and dyeing of fur 51240Freight air transport and space transport

Joint committees (3)

128
12803
201

Signals

Healthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 12 financial years

	2019		2018		2017		2016		2015
Income statement
Revenue	14,3 M €	-3.7%	14,8 M €	-12.5%	16,9 M €	-36.9%	26,8 M €	+76.7%	15,2 M €
EBITDA	-967,3 k €	-342%	398,9 k €	+18.3%	337,3 k €	-53.3%	721,9 k €	+49.0%	484,6 k €
Operating result	-977 k €	-374%	356,9 k €	+43.0%	249,7 k €	-62.0%	656,7 k €	+44.3%	455,2 k €
Net result	-1,4 M €	-3942%	37,4 k €	+144%	-84 k €	-127%	309,1 k €	+15.2%	268,5 k €
Balance sheet
Equity	1,1 M €	-56.9%	2,5 M €	+156%	984,4 k €	-7.9%	1,1 M €	+40.7%	759,3 k €
Total assets	14,2 M €	+1.3%	14 M €	-1.4%	14,2 M €	+26.3%	11,3 M €	+92.2%	5,9 M €
Cash	13,4 k €	-69.3%	43,7 k €	-70.0%	145,7 k €	+21.6%	119,8 k €	+878%	12,2 k €
Debts	13,1 M €	+14.3%	11,5 M €	-13.2%	13,2 M €	+29.8%	10,2 M €	+99.9%	5,1 M €
Other
Workforce	2,7 ETP	+58.8%	1,7 ETP	+6.2%	1,6 ETP	+77.8%	0,9 ETP	+800%	0,1 ETP

Board of directors

Source · NBB, accounts to 31/12/2019

7 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AVYTRA SPRL0561.722.347	Director31/03/2020 → 31/03/2026
Co &Co Consulting0554.699.943Represented by Gérard Cordonnier	Director25/01/2019 → 31/05/2024
Mad Cow0696.986.174Represented by Cédric Evers	Managing director01/06/2018 → 31/03/2026
ZENEGO0895.940.401Represented by Luc Servais	Director03/05/2018 → 31/05/2024
NOSHAQ PARTNERS0808.219.836Represented by Didier Penelle	Director06/04/2018 → 31/05/2024
Profinpar Fund SCSPRepresented by représentée par Thomas Walgraffe Profinpar SARL	Director06/04/2018 → 31/05/2024
PROFINPAR PARTNERS SRLRepresented by Pierre ROBIN	Director06/04/2018 → 31/03/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Profinpar Partners SARLRepresented by Pierre Robin	Director06/04/2018 → 2018 accounts
Alfred Evers	Director29/09/2016 → 06/04/2018
Cédric Evers	Managing director29/09/2016 → 01/06/2018Manager2016 accounts

Other companies at this address

Industriestrasse 26 4700 Eupen

Company	CBE no.
corium.be● Active	0884.049.684

Full financial information

Source · NBB

	2019	2018	2017	2016	2015	2014
Type of account	Full model	Full model	Full model	Full model	Full 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	26/01/2021	01/07/2019	27/09/2018	28/12/2017	22/08/2016	22/06/2015
General meeting	07/09/2020	29/05/2019	12/09/2018	12/12/2017	30/06/2016	19/06/2015
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, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2019	07/09/2020	26/01/2021	French	PDF
Full model	31/12/2019	07/09/2020	30/10/2020	French	PDF
Full model	31/12/2018	29/05/2019	01/07/2019	French	PDF
Full model	31/12/2017	12/09/2018	27/09/2018	French	PDF
Full model	31/12/2016	12/12/2017	28/12/2017	French	PDF
Full model	31/12/2015	30/06/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	16/09/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	31/10/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	21/10/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	20/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	20/08/2010	French	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

7 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AVYTRA SPRL0561.722.347	Director31/03/2020 → 31/03/2026
Co &Co Consulting0554.699.943Represented by Gérard Cordonnier	Director25/01/2019 → 31/05/2024
Mad Cow0696.986.174Represented by Cédric Evers	Managing director01/06/2018 → 31/03/2026
ZENEGO0895.940.401Represented by Luc Servais	Director03/05/2018 → 31/05/2024
NOSHAQ PARTNERS0808.219.836Represented by Didier Penelle	Director06/04/2018 → 31/05/2024
Profinpar Fund SCSPRepresented by représentée par Thomas Walgraffe Profinpar SARL	Director06/04/2018 → 31/05/2024
PROFINPAR PARTNERS SRLRepresented by Pierre ROBIN	Director06/04/2018 → 31/03/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Profinpar Partners SARLRepresented by Pierre Robin	Director06/04/2018 → 2018 accounts
Alfred Evers	Director29/09/2016 → 06/04/2018
Cédric Evers	Managing director29/09/2016 → 01/06/2018Manager2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/02/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates29/01/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2020
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates22/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2018
DEMISSIONS, NOMINATIONS
PDF

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

AVYTRA SPRL

Co &Co Consulting

Mad Cow

ZENEGO

NOSHAQ PARTNERS

PROFINPAR FUND SCSP

PROFINPAR PARTNERS SRL

Profinpar Partners SARL

Alfred Evers

Cédric Evers

20072008200920102011201220132014201520162017201820192020202120222023202420252026

PRO Leather

No data

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriestrasse 26, 4700 EupenCurrent		CBE

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PRO LeatherCurrent	accounts 2008 → 2019	Accounts 2019 · 2020-66900195

Events

2019
Annual accounts 2019-1,4 M €↓
2018
Annual accounts 201837,4 k €↑
2017
Annual accounts 2017-84 k €↓
2016
Annual accounts 2016309,1 k €↑
2015
Annual accounts 2015268,5 k €↓
2014
Annual accounts 2014272,5 k €↑
2013
Annual accounts 2013140,2 k €↑
2012
Annual accounts 201243,8 k €↑
2011
Annual accounts 201114,3 k €↓
2010
Annual accounts 201029,5 k €↑
2009
Annual accounts 2009-17 k €↓
2008
Annual accounts 2008-532,2 €
13/08/2007
IncorporationPublic limited company

PRO Leather

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

Registered offices

Company names

Events