Equity
€574,637 ▼ 79.4%
Equity fell in 2020 from €2.8m to €574,637.
START2TENDER
Overview
Lifetime
2 annual accounts with figures on one time axisBalance sheet totalpeak €4.1m (2019)
€3.3m▼ 20.1%
Resultlowest -€2.2m (2020)
-€2.2m▼ €793,238
Equitypeak €2.8m (2019)
€574,637▼ 79.4%
Debts
€2.7m▲ 106%
Staffpeak 1.3 FTE (2020)
1.3 FTE
Board5 names since 2021
-
Owners5 names in the annual accounts
50%Cipal Schaubroeck and 4 others
Documentsfilings and deeds
10-06-202151 days before the deadline
2020financial year
Turnover from €28,952 to €35,185Loss of €2.2mEquity from €2.8m to €574,637Debts from €1.3m to €2.7m
Key points
from the 2020 annual accounts, the last ones filedDebts
€2.7m 82% of the balance sheet
After one year 0%Within one year 100%
Of this, €2.7m falls due within a year.
Payment terms
293 days from customers
Customers pay 276 days earlier.
No score
Board and ownership
last known board- Cipal Schaubroeck consolidatesscore 93equity €14.4m (2025) · annual accounts 2020
- Nuhma CVBA consolidatesequity €662.8m (2025) · annual accounts 2020
- Cipal Schaubroeck 50%score 93equity €14.4m (2025) · annual accounts 2020
Recent changes
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed on 21-12-2021 · Books and records kept in Geel · Resignations: NUBEMA, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, Bart van de KERKHOF and Dirk VERSTICHELE · General meeting of 21-12-2021 · Gazette deed
Resignations: Nuhma CVBA (director) and Nubema NV (director)
General meeting of 08-11-2021 · Gazette deed
Incorporation
4 publications in the Belgian Official Gazette, the last on 14-01-2022 · Gazette deed
Official details
Source: KBO- Status
- Dissolved and wound up on 21-12-2021deed of 14-01-2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2020
- Turnover
- €35,185▲ 21.5%
- Loss
- €2.2m▲ 56.0%
- Equity
- €574,637▼ 79.4%
- Total assets
- €3.3m▼ 20.1%
- Staff
- 1.3 FTE
- Filing
- Filed on 10-06-2021
Companies linked to START2TENDER
Shareholders
- Nuhmeris50%
Insights on START2TENDER
Inactive. The last annual accounts are for financial year 2020. The company was dissolved and wound up in a single deed on 21-12-2021. The books and records are kept in Geel.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2020
full format, filed on 10-06-2021, 51 days before the deadlineTurnover
€35,185
▲ 21.5%
Operating result
-€2.2m
▼ €770,023
EBITDA
-€1.3m
▼ €559,828
Cash flow
-€1.4m
▼ €583,042
Solvency
17.6%
▼ 50.5 percentage points
Current ratio
0.20
▼ 0.20
Money flows
turnover is 1.6% of income in 2020Balance sheet
balance sheet total €3.3m on 31-12-2020What the company ownsHow it is paid for
Change in equityin €m
Change in cashin €m
Staff
Men and women23% women
1 man and 0.3 women in full-time equivalents in 2020.
Staff cost per FTE€79,310
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
3.3m | 4.1m | |
Formation expenses20 |
2,546 | 3,330 | |
Fixed assets21/28 |
2.7m | 3.6m | |
Intangible fixed assets21 |
2.7m | 3.6m | |
Current assets29/58 |
536,663 | 516,174 | |
Amounts receivable within one year40/41 |
28,248 | 45,119 | |
Trade receivables40 |
2,538 | 12,246 | |
Other amounts receivable41 |
25,710 | 32,873 | |
Cash at bank and in hand54/58 |
504,457 | 459,526 | |
Deferred charges and accrued income490/1 |
3,958 | 11,529 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
3.3m | 4.1m | |
Equity10/15 |
574,637 | 2.8m | |
Contributions10/11 |
4.2m | 4.2m | |
Issued capital100 |
4.2m | 4.2m | |
Profit (loss) carried forward14 |
-3.6m | -1.4m | |
Amounts payable17/49 |
2.7m | 1.3m | |
Amounts payable within one year42/48 |
2.7m | 1.3m | |
Financial debts43 |
2.5m | 1.0m | |
Other loans439 |
2.5m | 1.0m | |
Trade debts44 |
172,366 | 296,936 | |
Suppliers440/4 |
172,366 | 296,936 | |
Taxes, remuneration and social security45 |
11,646 | 821 | |
Taxes450/3 |
205 | - | |
Remuneration and social security454/9 |
11,441 | 821 | |
Accrued charges and deferred income492/3 |
10,560 | 7,808 | |
| Income statement | |||
Operating income70/76A |
37,752 | 30,757 | |
Turnover70 |
35,185 | 28,952 | |
Operating charges60/66A |
2.2m | 1.4m | |
Services and other goods61 |
1.3m | 802,112 | |
Remuneration, social security and pensions62 |
103,103 | 5,922 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
840,783 | 630,588 | |
Other operating charges640/8 |
448 | 348 | |
Operating profit (loss)9901 |
-2.2m | -1.4m | |
Financial income75/76B |
118 | - | |
Recurring financial income75 |
118 | - | |
Other financial income752/9 |
118 | - | |
Financial charges65/66B |
30,978 | 7,850 | |
Recurring financial charges65 |
30,978 | 7,850 | |
Debt charges650 |
30,570 | 7,808 | |
Other financial charges652/9 |
408 | 42 | |
Profit (loss) for the period before taxes9903 |
-2.2m | -1.4m | |
Income taxes67/77 |
205 | - | |
Taxes670/3 |
205 | - | |
Profit (loss) for the period9904 |
-2.2m | -1.4m | |
Profit (loss) for the period to be appropriated9905 |
-2.2m | -1.4m | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
-3.6m | -1.4m | |
| Social balance sheet | |||
Average staff (FTE)9087 |
1.3 | - | |
Men (FTE)1003 |
1 | - | |
Women (FTE)1003 |
0.3 | - | |
Agency workers1501 |
0.2 | - | |
Hours worked1013 |
2,272 | - | |
| Document | |||
Source: Annual accounts 2020 (PDF), filed on 10-06-2021.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 |
|---|---|---|---|
| EBITDA | -1.3m | -777,625 | |
| Cash flow | -1.4m | -785,475 | |
| Investment in fixed assets (approximation) | 783 | 4.2m | |
| Change in cash | 44,931 | - | |
| Working capital | -2.1m | -781,584 | |
| Solvency | 17.6% | 68.1% | |
| Current ratio | 0.20 | 0.40 | |
| Debt to equity | 4.69 | 0.47 | |
| ROE | -384.5% | -50.9% | |
| ROA | -67.6% | -34.6% | |
| Interest coverage | -43.75 | -99.59 | |
| Customer credit | 26 days | 154 days | |
| Supplier credit | 49 days | 135 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Revenue breakdown
By geographic market 2020
- Binnenlandse markt €35,185100.0%
Source: 2020 accounts, page 18, filing 2021-19400366
Insights on START2TENDER
The operating result for 2020 is a loss of €2.2m, larger than the loss of €1.4m in 2019.
Debt's share of the balance-sheet total rises from 31.9% to 82.4%. Equity is lower and debt is higher.
Board & ownership
Mandates through the years
5 names, the dashed line is todayEarliermandate already running before its first mention
Mandates as a list
- Bart van de KERKHOF
- Director, until 14-01-2022
- Dirk VERSTICHELE
- Director, until 14-01-2022
- NUBEMA
- Director, until 28-10-2021
- Director, until 22-12-2021
- Nuhma cvba
- Director, until 22-12-2021
- NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
- Director, until 28-10-2021
Control
consolidates
This company
START2TENDER
Equity €574,637
Loss €2.2m in 2020
Further up the chainCipal Schaubroeck consolidates
Capital
- Capital
- €4,200,000
- Source
- 2020 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- Cipal Schaubroeck
- NUHMERIS
- C-smart
- CIPAL
- NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Shareholders
4 ownersOwners 4
- Cipal Schaubroeckconsolidating parentEquity €14.4m Profit of €2.4m in 2025 (profit of €10.1m in 2024) Checked score 93consolidates
- Nuhma CVBAconsolidating parentEquity €662.8m Profit of €26.3m in 2025 (profit of €10.3m in 2024)consolidates
- Equity €14.4m Profit of €2.4m in 2025 (profit of €10.1m in 2024) Checked score 93Sourceown accounts 202050%
- Equity €13.5m Loss of €510,182 in 2025 (loss of €249,210 in 2024) Checked score 94Sourceown accounts 202050%
Network & group
Parent
Nuhma CVBA
0472.325.068 · equity €662.8m · profit €26.3m (2025)
Connections & network
The network starts from the shareholders of START2TENDER. Every company they also own or run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
5 events since 2019Board
Filings
End
2020202220242026
2022
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed on 21-12-2021 · Books and records kept in Geel · Resignations: NUBEMA, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ, Bart van de KERKHOF and Dirk VERSTICHELE · General meeting of 21-12-202113 points ▸
- General meeting, 21-12-2021
- Net-asset statement, 30-11-2021
- Power of attorney, Bart van de KERKHOF
- Director resignation, NUBEMA
- Director resignation, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
- Permanent representative, Peter JANS
- Permanent representative, Ludo KELCHTERMANS
- Director resignation, Bart van de KERKHOF
- Director resignation, Dirk VERSTICHELE
- Director discharge, NUBEMA
- Director discharge, NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
- Director discharge, Bart van de KERKHOF
- Director discharge, Dirk VERSTICHELE
- The deed holds 11 more points.
2021
Resignations: Nuhma CVBA (director) and Nubema NV (director)General meeting of 08-11-20215 points ▸
- General meeting, 08-11-2021
- Director resignation, Nuhma CVBA
- Director resignation, Nubema NV
- Board composition, Bart van de Kerkhof (class A director)
- Board composition, Dirk Verstichele (class B director)
- The deed holds 3 more points.
Annual accounts 2020 filed PDFfull format · 51 days before the deadline
2020
Annual accounts 2019 filed PDFfull format · 56 days before the deadline
2019
Incorporation PDF4 publications in the Belgian Official Gazette, the last on 14-01-2022
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Dissolved and wound up on 21 December 2021
START2TENDER is no longer in the KBO register.
- Status
- Inactive
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 14 January 2022 · deed
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Cipalstraat 3, 2440 Geelas published on 14 January 2022
- Legal form
- Public limited company
- First annual accounts
- financial year 2019