OPENING OF BANKRUPTCY

TUPPERWARE BELGIUM

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Financial year 2023 · closed on 31/12/2023

Net result

677,5 k €

-60.0% YoY

Revenue

28,9 M €

-12.3% YoY

Equity

44,4 M €

-39.1% YoY

Workforce

249,1 ETP

-7.3% YoY

Company — Opening of bankruptcy.

What does TUPPERWARE BELGIUM do?

TUPPERWARE BELGIUM is a Public limited company incorporated in 1961. Its main activity is: Manufacture of plastic products. Its registered office is in Aalst. It employs on average 249,1 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0400.318.208

Incorporation

31/05/1961

Legal form

Public limited company

Registered office

Wijngaardveld 17
9300 Aalst · FlandreSee on map

Contributed capital

32 155 000,00 €

Latest accounts

31/12/2023

Average workforce

249,1 ETP

Activities (NACE)

22260Manufacture of plastic products· main 22290Manufacture of other plastic products 25240Manufacture of tanks, reservoirs and containers of metal 22210Manufacture of plastic plates, sheets, tubes and profiles 22210Manufacture of plastic plates, sheets, tubes and profiles 25210Manufacture of central heating radiators and boilers

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Revenue	28,9 M €	-12.3%	32,9 M €	-5.8%	34,9 M €	-5.0%	36,8 M €	-12.1%	41,8 M €	-2.2%	42,8 M €	+27.8%	33,5 M €	-2.9%	34,5 M €	+1.0%	34,1 M €
EBITDA	2,3 M €	-56.2%	5,4 M €	-12.8%	6,1 M €	-20.2%	7,7 M €	-16.3%	9,2 M €	+2.5%	9 M €	+10.6%	8,1 M €	-13.7%	9,4 M €	-1.6%	9,5 M €
Operating result	320,3 k €	-86.0%	2,3 M €	-1.7%	2,3 M €	-20.3%	2,9 M €	-11.4%	3,3 M €	+4.6%	3,1 M €	+75.0%	1,8 M €	-14.6%	2,1 M €	+1.1%	2,1 M €
Net result	677,5 k €	-60.0%	1,7 M €	-2.6%	1,7 M €	-35.1%	2,7 M €	-6.7%	2,9 M €	+1.1%	2,8 M €	+127%	1,3 M €	-10.4%	1,4 M €	-94.5%	25,4 M €
Balance sheet
Equity	44,4 M €	-39.1%	72,9 M €	-1.6%	74,1 M €	+2.4%	72,3 M €	+3.8%	69,7 M €	+4.3%	66,8 M €	+4.4%	64 M €	+2.0%	62,7 M €	+2.3%	61,3 M €
Total assets	52,1 M €	-37.4%	83,3 M €	-1.9%	84,9 M €	+1.1%	84 M €	+4.1%	80,7 M €	-1.9%	82,3 M €	+1.4%	81,2 M €	-1.2%	82,1 M €	+1.9%	80,6 M €
Cash	1,7 M €	-94.6%	31,6 M €	+26.5%	25 M €	+15.6%	21,6 M €	+41.3%	15,3 M €	+52.0%	10,1 M €	-22.6%	13 M €	+4.6%	12,5 M €	+46.1%	8,5 M €
Debts	6,7 M €	-27.5%	9,2 M €	-3.9%	9,5 M €	-5.7%	10,1 M €	+5.0%	9,6 M €	-30.1%	13,8 M €	-9.6%	15,2 M €	-11.9%	17,3 M €	+2.1%	16,9 M €
Other
Workforce	249,1 ETP	-7.3%	268,7 ETP	-2.1%	274,5 ETP	-5.4%	290,3 ETP	-9.5%	320,8 ETP	-2.3%	328,4 ETP	+1.8%	322,7 ETP	-2.5%	331,0 ETP	-3.9%	344,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 21 ended

Active mandates

Luk Lescrauwaet

Director · since 21 décembre 2023 · until 25 avril 2029

Active

Mariela Matute

Director · since 21 décembre 2023 · until 25 avril 2029

Active

Ended mandates

Mariela Matute

Director · since 27 septembre 2023 · until 20 décembre 2023

Ended

Karen Marie Sheehan

Director · since 11 mai 2022 · until 27 septembre 2023

Ended

Luk Lescrauwaet

Director · since 11 mai 2022 · until 20 décembre 2023

Ended

Karen Marie Sheehan

Director · since 29 avril 2021 · until 27 avril 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Aalsterse Karnavalvereniging Nieje● Active	1031.756.336
TUPPERWARE GENERAL SERVICES● Bankrupt	0436.216.621

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/05/2024	12/01/2024	28/07/2022	14/07/2021	18/06/2020	29/04/2019
General meeting	07/05/2024	20/12/2023	27/04/2022	28/04/2021	26/05/2020	24/04/2019
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

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	07/05/2024	31/05/2024	Dutch	PDF
Full model	31/12/2022	20/12/2023	12/01/2024	Dutch	PDF
Full model	31/12/2021	27/04/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	28/04/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	24/04/2019	29/04/2019	Dutch	PDF
Full model	31/12/2017	25/04/2018	06/07/2018	Dutch	PDF
Full model	31/12/2016	26/04/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	27/04/2016	26/05/2016	Dutch	PDF
Full model	31/12/2014	29/04/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	30/04/2014	27/05/2014	Dutch	PDF
Full model	31/12/2012	24/04/2013	23/05/2013	Dutch	PDF
Full model	31/12/2011	25/04/2012	16/05/2012	Dutch	PDF
Full model	31/12/2010	27/04/2011	10/06/2011	Dutch	PDF
Consolidated accounts	25/12/2010	11/05/2011	02/08/2011	Dutch	PDF
Full model	31/12/2009	28/04/2010	04/05/2010	Dutch	PDF
Consolidated accounts	26/12/2009	15/05/2010	26/07/2010	Dutch	PDF
Full model	31/12/2008	29/04/2009	15/05/2009	Dutch	PDF
Consolidated accounts	27/12/2008	13/05/2009	20/07/2009	Dutch	PDF
Full model	31/12/2007	30/04/2008	09/06/2008	Dutch	PDF
Consolidated accounts	29/12/2007	14/05/2008	30/05/2008	Dutch	PDF
Full model	31/12/2006	25/04/2007	10/07/2007	Dutch	PDF
Consolidated accounts	30/12/2006	16/05/2007	03/07/2007	Dutch	PDF

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 31/12/2023 · 2 active · 21 ended

Active mandates

Luk Lescrauwaet

Director · since 21 décembre 2023 · until 25 avril 2029

Active

Mariela Matute

Director · since 21 décembre 2023 · until 25 avril 2029

Active

Ended mandates

Mariela Matute

Director · since 27 septembre 2023 · until 20 décembre 2023

Ended

Karen Marie Sheehan

Director · since 11 mai 2022 · until 27 septembre 2023

Ended

Luk Lescrauwaet

Director · since 11 mai 2022 · until 20 décembre 2023

Ended

Karen Marie Sheehan

Director · since 29 avril 2021 · until 27 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2021
ONTSLAGEN - BENOEMINGEN
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

13/08/2024
nominationForvis Mazars Bedrijfsrevisoren BV — commissaris
31/07/2024
nominationSteven Marcus Ramos — bestuurder
05/04/2024
nominationTodd Greener — bestuurder
2023
Annual accounts 2023677,5 k €↓
20/12/2023
reconductionLuk Lescrauwaet — bestuurder
20/12/2023
reconductionMariela Matute — bestuurder
27/09/2023
nominationMATUTE Mariela — bestuurder
2022
Annual accounts 20221,7 M €↓
11/05/2022
reconductionKaren Marie SHEEHAN — bestuurder
11/05/2022
reconductionLuk LESCRAUWAET — bestuurder
2021
Annual accounts 20211,7 M €↓
2020
Annual accounts 20202,7 M €↓
2019
Annual accounts 20192,9 M €↑
2018
Annual accounts 20182,8 M €↑
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20161,4 M €↓
2015
Annual accounts 201525,4 M €
31/05/1961
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TUPPERWARE BELGIUM

Overview

What does TUPPERWARE BELGIUM do?

Trend over 9 financial years

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