OPENING OF BANKRUPTCY

PRO Leather

Financial year 2019 · closed on 31/12/2019
Net result
-1,4 M €
-3942.1% YoY
Revenue
14,3 M €
-3.7% YoY
Equity
1,1 M €
-56.9% YoY
Workforce
2,7 ETP
+58.8% YoY

Company — Opening of bankruptcy.

What does PRO Leather do?

PRO Leather is a Public limited company incorporated in 2007. 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
Joint committees (3)
  • 128
  • 12803
  • 201
Signals
Healthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

201920182017201620152014201320122011201020092008
Income statement
Revenue14,3 M €14,8 M €16,9 M €26,8 M €15,2 M €
EBITDA-967,3 k €398,9 k €337,3 k €721,9 k €484,6 k €502,1 k €275,9 k €153,9 k €73,8 k €36,1 k €-16,9 k €570,8 €
Operating result-977 k €356,9 k €249,7 k €656,7 k €455,2 k €473,2 k €249,3 k €153,5 k €73,4 k €35,7 k €-16,9 k €570,8 €
Net result-1,4 M €37,4 k €-84 k €309,1 k €268,5 k €272,5 k €140,2 k €43,8 k €14,3 k €29,5 k €-17 k €-532,2 €
Balance sheet
Equity1,1 M €2,5 M €984,4 k €1,1 M €759,3 k €490,8 k €218,3 k €78,1 k €34,3 k €20 k €-9,5 k €7,5 k €
Total assets14,2 M €14 M €14,2 M €11,3 M €5,9 M €5 M €2,5 M €2,4 M €2,4 M €857,8 k €88,1 k €105 k €
Cash13,4 k €43,7 k €145,7 k €119,8 k €12,2 k €6,5 k €59,7 k €6,3 k €66,8 k €12,7 k €0 €
Debts13,1 M €11,5 M €13,2 M €10,2 M €5,1 M €4,5 M €2,2 M €2,3 M €2,3 M €837,7 k €97,6 k €97,5 k €
Other
Workforce2,7 ETP1,7 ETP1,6 ETP0,9 ETP0,1 ETP0,1 ETP0,1 ETP0,1 ETP0,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2019 · 7 active · 9 ended

Active mandates

AVYTRA SPRL

Director · since 31 mars 2020 · until 31 mars 2026 · 0561.722.347

Active
Co &Co Consulting

Director · since 25 janvier 2019 · until 30 juin 2020 · 0554.699.943

Represented by Gérard CORDONNIER

Active
Mad Cow

Managing director · since 01 juin 2018 · until 31 mars 2026 · 0696.986.174

Represented by Cédric EVERS

Active
ZENEGO

Director · since 03 mai 2018 · until 31 mars 2020 · 0895.940.401

Represented by Luc SERVAIS

Active
NOSHAQ PARTNERS

Director · since 06 avril 2018 · until 31 mars 2020 · 0808.219.836

Represented by Didier PENELLE

Active
PROFINPAR FUND SCSP

Director · since 06 avril 2018 · until 31 mars 2020

Represented by THomas Walgraffe PROFINPAR PARTNERS SARL

Active
PROFINPAR PARTNERS SRL

Director · since 06 avril 2018 · until 31 mars 2020

Represented by Pierre ROBIN

Active

Ended mandates

Co &Co Consulting

Director · since 25 janvier 2019 · until 31 mai 2024 · 0554.699.943

Represented by Gérard Cordonnier

Ended
Mad Cow

Managing director · since 01 juin 2018 · until 31 mai 2024 · 0696.986.174

Represented by Cédric Evers

Ended
ZENEGO

Director · since 03 mai 2018 · until 31 mai 2024 · 0895.940.401

Represented by Luc Servais

Ended
NOSHAQ PARTNERS

Director · since 06 avril 2018 · until 31 mai 2024 · 0808.219.836

Represented by Didier Penelle

Ended
At this address

Other companies at this address

CompanyCBE no.
corium.beActive
0884.049.684
Annual accounts

Full financial information

201920182017201620152014
Type of accountFull modelFull modelFull modelFull modelFull modelAbridged model
Start of the financial year01/01/201901/01/201801/01/201701/01/201601/01/201501/01/2014
Closing of the financial year31/12/201931/12/201831/12/201731/12/201631/12/201531/12/2014
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/01/202101/07/201927/09/201828/12/201722/08/201622/06/2015
General meeting07/09/202029/05/201912/09/201812/12/201730/06/201619/06/2015
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/201907/09/202026/01/2021FrenchPDF
Full model31/12/201907/09/202030/10/2020FrenchPDF
Full model31/12/201829/05/201901/07/2019FrenchPDF
Full model31/12/201712/09/201827/09/2018FrenchPDF
Full model31/12/201612/12/201728/12/2017FrenchPDF
Full model31/12/201530/06/201622/08/2016FrenchPDF
Abridged model31/12/201419/06/201522/06/2015FrenchPDF
Abridged model31/12/201330/05/201416/09/2014FrenchPDF
Abridged model31/12/201231/05/201331/10/2013FrenchPDF
Abridged model31/12/201125/05/201221/10/2012FrenchPDF
Abridged model31/12/201027/05/201117/08/2011FrenchPDF
Abridged model31/12/200928/05/201020/08/2010FrenchPDF
Abridged model31/12/200829/05/200920/08/2010FrenchPDF
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 31/12/2019 · 7 active · 9 ended

Active mandates

AVYTRA SPRL

Director · since 31 mars 2020 · until 31 mars 2026 · 0561.722.347

Active
Co &Co Consulting

Director · since 25 janvier 2019 · until 30 juin 2020 · 0554.699.943

Represented by Gérard CORDONNIER

Active
Mad Cow

Managing director · since 01 juin 2018 · until 31 mars 2026 · 0696.986.174

Represented by Cédric EVERS

Active
ZENEGO

Director · since 03 mai 2018 · until 31 mars 2020 · 0895.940.401

Represented by Luc SERVAIS

Active
NOSHAQ PARTNERS

Director · since 06 avril 2018 · until 31 mars 2020 · 0808.219.836

Represented by Didier PENELLE

Active
PROFINPAR FUND SCSP

Director · since 06 avril 2018 · until 31 mars 2020

Represented by THomas Walgraffe PROFINPAR PARTNERS SARL

Active
PROFINPAR PARTNERS SRL

Director · since 06 avril 2018 · until 31 mars 2020

Represented by Pierre ROBIN

Active

Ended mandates

Co &Co Consulting

Director · since 25 janvier 2019 · until 31 mai 2024 · 0554.699.943

Represented by Gérard Cordonnier

Ended
Mad Cow

Managing director · since 01 juin 2018 · until 31 mai 2024 · 0696.986.174

Represented by Cédric Evers

Ended
ZENEGO

Director · since 03 mai 2018 · until 31 mai 2024 · 0895.940.401

Represented by Luc Servais

Ended
NOSHAQ PARTNERS

Director · since 06 avril 2018 · until 31 mai 2024 · 0808.219.836

Represented by Didier Penelle

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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. 2019
    Annual accounts 2019-1,4 M €
  2. 2018
    Annual accounts 201837,4 k €
  3. 2017
    Annual accounts 2017-84 k €
  4. 2016
    Annual accounts 2016309,1 k €
  5. 2015
    Annual accounts 2015268,5 k €
  6. 2014
    Annual accounts 2014272,5 k €
  7. 2013
    Annual accounts 2013140,2 k €
  8. 2012
    Annual accounts 201243,8 k €
  9. 2011
    Annual accounts 201114,3 k €
  10. 2010
    Annual accounts 201029,5 k €
  11. 2009
    Annual accounts 2009-17 k €
  12. 2008
    Annual accounts 2008-532,2 €
  13. 13/08/2007
    IncorporationPublic limited company