OPENING OF BANKRUPTCY

VOLRAM

Financial year 2016 · closed on 31/12/2016
Net result
-2 k €
-112.2% YoY
Gross margin
48,3 k €
-39.9% YoY
Equity
33,9 k €
-5.6% YoY
Workforce
1,1 ETP
-15.4% YoY

Company — Opening of bankruptcy.

What does VOLRAM do?

VOLRAM is a Private company with limited liability incorporated in 2008. Its main activity is: Event catering activities. Its registered office is in Gent. It employs on average 1,1 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0897.513.581
Incorporation
24/04/2008
Legal form
Private company with limited liability
Registered office
Sint-Pietersnieuwstraat 212
9000 Gent · FlandreSee on map
Latest accounts
31/12/2016
Average workforce
1,1 ETP
Joint committees (1)
  • 302
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20162015201420132012201120102009
Income statement
Gross margin48,3 k €80,3 k €74,8 k €61,2 k €40,4 k €39,3 k €73,3 k €89,2 k €
EBITDA25,4 k €42,5 k €29,5 k €33,8 k €22,4 k €20,7 k €12,1 k €12,9 k €
Operating result8,7 k €20,1 k €4,1 k €24,8 k €2,1 k €3,5 k €-413,6 €-7 k €
Net result-2 k €16,5 k €-169,3 €15,9 k €-809,1 €410,8 €-1,5 k €-8 k €
Balance sheet
Equity33,9 k €35,9 k €19,4 k €19,6 k €8,7 k €9,5 k €9,1 k €10,6 k €
Total assets153,5 k €186,8 k €142,5 k €78,1 k €64 k €64 k €64,4 k €71,1 k €
Cash7,2 k €4,2 k €123,4 €2,2 k €1,4 k €466,7 €626,1 €3,4 k €
Debts116,7 k €148,7 k €121,5 k €57 k €53,7 k €52,9 k €55,3 k €60,5 k €
Other
Workforce1,1 ETP1,3 ETP2,5 ETP1,3 ETP1,0 ETP1,3 ETP2,7 ETP2,3 ETP
Governance

Board of directors

Seen on filing of 31/12/2016 · 1 active · 5 ended

Active mandates

NIYAZI YURTAY

Manager · since 01 avril 2009

Active

Ended mandates

MEHMET YURTAY

Manager · since 18 septembre 2013 · until 30 septembre 2015

Ended
MEHMET YURTAY

Manager · since 18 septembre 2013

Ended
SERKAN YURTAY

Manager · since 25 janvier 2011 · until 18 septembre 2013

Ended
SERKAN YURTAY

Manager · since 25 janvier 2011

Ended
Annual accounts

Full financial information

201620152014201320122011
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/201601/01/201501/01/201401/01/201301/01/201201/01/2011
Closing of the financial year31/12/201631/12/201531/12/201431/12/201331/12/201231/12/2011
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/08/201706/10/201631/08/201529/08/201429/08/201331/08/2012
General meeting15/05/201715/05/201615/05/201515/05/201415/05/201315/05/2012
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/201615/05/201729/08/2017DutchPDF
Abridged model31/12/201515/05/201606/10/2016DutchPDF
Abridged model31/12/201415/05/201531/08/2015DutchPDF
Abridged model31/12/201315/05/201429/08/2014DutchPDF
Abridged model31/12/201215/05/201329/08/2013DutchPDF
Abridged model31/12/201115/05/201231/08/2012DutchPDF
Abridged model31/12/201015/05/201131/08/2011DutchPDF
Abridged model31/12/200915/05/201031/08/2010DutchPDF
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 31/12/2016 · 1 active · 5 ended

Active mandates

NIYAZI YURTAY

Manager · since 01 avril 2009

Active

Ended mandates

MEHMET YURTAY

Manager · since 18 septembre 2013 · until 30 septembre 2015

Ended
MEHMET YURTAY

Manager · since 18 septembre 2013

Ended
SERKAN YURTAY

Manager · since 25 janvier 2011 · until 18 septembre 2013

Ended
SERKAN YURTAY

Manager · since 25 janvier 2011

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2016
    Annual accounts 2016-2 k €
  2. 2015
    Annual accounts 201516,5 k €
  3. 2014
    Annual accounts 2014-169,3 €
  4. 2013
    Annual accounts 201315,9 k €
  5. 2012
    Annual accounts 2012-809,1 €
  6. 2011
    Annual accounts 2011410,8 €
  7. 2010
    Annual accounts 2010-1,5 k €
  8. 2009
    Annual accounts 2009-8 k €
  9. 24/04/2008
    IncorporationPrivate company with limited liability