OPENING OF BANKRUPTCY

Sidaplax

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Financial year 2023 · closed on 31/10/2023

Net result

-3,8 M €

-208.2% YoY

Revenue

22,3 M €

-42.4% YoY

Equity

1,7 M €

-68.8% YoY

Workforce

46,8 ETP

-19.3% YoY

Company — Opening of bankruptcy.

What does Sidaplax do?

Sidaplax is a General partnership incorporated in 1957. Its main activity is: Wholesale of chemical products. Its registered office is in Gent. It employs on average 46,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0401.087.377

Incorporation

28/06/1957

Legal form

General partnership

Registered office

Eddastraat 40
9042 Gent · FlandreSee on map

Contributed capital

1 675 000,00 €

Latest accounts

31/10/2023

Average workforce

46,8 ETP

Activities (NACE)

46751Wholesale of chemical products· main 46851Wholesale trade, except of motor vehicles and motorcycles 51550Air transport 20110Manufacture of industrial gases 20110Manufacture of industrial gases 24110Manufacture of basic iron and steel and of ferro-alloys

Joint committees (2)

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	22,3 M €	-42.4%	38,8 M €	-4.2%	40,5 M €	+4.0%	38,9 M €	+50.7%	25,8 M €	-3.1%	26,6 M €	-20.2%	33,4 M €	+13.2%	29,5 M €	-6.8%	31,7 M €	-9.6%	35 M €	+1.9%	34,4 M €	+19.1%	28,9 M €	+19.7%	24,1 M €	+7.4%	22,5 M €	-7.1%	24,2 M €	-8.4%	26,4 M €
EBITDA	-2,7 M €	-1881%	-138,3 k €	-104%	3,3 M €	+43.1%	2,3 M €	+90.6%	1,2 M €	-15.6%	1,4 M €	-36.6%	2,2 M €	+306%	553,4 k €	+1.7%	544,2 k €	+185%	-643,3 k €	-14.5%	-561,9 k €	-229%	436,4 k €	+221%	136 k €	+453%	24,6 k €	-98.0%	1,2 M €	+60.1%	777,2 k €
Operating result	-3,5 M €	-255%	-990,3 k €	-155%	1,8 M €	+36.7%	1,3 M €	+540%	204,8 k €	-74.4%	798,4 k €	-58.6%	1,9 M €	+380%	402,1 k €	+0.8%	399 k €	+159%	-678,4 k €	-33.7%	-507,4 k €	-228%	396,2 k €	+325%	-175,7 k €	-163%	277,2 k €	-72.6%	1 M €	+67.9%	603 k €
Net result	-3,8 M €	-208%	-1,2 M €	-203%	1,2 M €	+24.0%	953,6 k €	+847%	100,7 k €	-69.1%	325,7 k €	-67.6%	1 M €	+152%	399,4 k €	-70.0%	1,3 M €	+250%	-890,2 k €	-171%	-328,6 k €	-47.0%	-223,5 k €	+6.3%	-238,4 k €	-199%	240 k €	-60.4%	605,9 k €	+21.5%	498,8 k €
Balance sheet
Equity	1,7 M €	-68.8%	5,5 M €	-18.3%	6,7 M €	+21.4%	5,5 M €	+20.9%	4,6 M €	+2.3%	4,5 M €	+7.9%	4,1 M €	+47.6%	2,8 M €	-11.4%	3,2 M €	-10.4%	3,5 M €	-20.1%	4,4 M €	-6.9%	4,8 M €	-4.5%	5 M €	-4.6%	5,2 M €	+0.8%	5,2 M €	-19.6%	6,4 M €
Total assets	10,5 M €	-23.0%	13,7 M €	-23.4%	17,8 M €	-3.1%	18,4 M €	-2.0%	18,8 M €	+21.0%	15,5 M €	+29.9%	11,9 M €	+104%	5,8 M €	-0.8%	5,9 M €	-29.6%	8,4 M €	-10.2%	9,3 M €	+7.3%	8,7 M €	-15.2%	10,3 M €	+34.2%	7,6 M €	-20.4%	9,6 M €	+1.0%	9,5 M €
Cash	3,2 M €	+55.9%	2,1 M €	+40.6%	1,5 M €	-41.8%	2,5 M €	-16.7%	3 M €	-35.8%	4,7 M €	+60.1%	3 M €	+1247%	219,5 k €	+36.0%	161,4 k €	-53.4%	346,5 k €	-29.9%	494,6 k €	+20.9%	409 k €	+0.1%	408,7 k €	-44.4%	735 k €	-19.3%	911,4 k €	+72.0%	529,9 k €
Debts	8,4 M €	+8.9%	7,7 M €	-26.8%	10,5 M €	-14.4%	12,3 M €	-9.3%	13,5 M €	+31.5%	10,3 M €	+45.5%	7,1 M €	+199%	2,4 M €	+15.9%	2 M €	-57.0%	4,7 M €	+0.0%	4,7 M €	+43.0%	3,3 M €	-32.2%	4,9 M €	+142%	2 M €	-48.1%	3,9 M €	+67.5%	2,3 M €
Other
Workforce	46,8 ETP	-19.3%	58,0 ETP	+0.5%	57,7 ETP	+11.8%	51,6 ETP	+13.9%	45,3 ETP	+8.9%	41,6 ETP	-9.6%	46,0 ETP	-1.1%	46,5 ETP	-2.1%	47,5 ETP	-12.0%	54,0 ETP	-7.1%	58,1 ETP	-7.3%	62,7 ETP	+6.5%	58,9 ETP	-5.5%	62,3 ETP	-7.3%	67,2 ETP	-6.9%	72,2 ETP

Governance

Board of directors

Seen on filing of 31/10/2023 · 3 active · 10 ended

Active mandates

Bart De Keyser

Manager · until 14 décembre 2023

Active

Michael J DuFrayne

Manager

Active

Robert Peter Kiep III

Manager

Active

Ended mandates

Michael J DuFrayne

Manager · since 16 novembre 2022

Ended

Robert Peter Kiep III

Manager · since 16 novembre 2022

Ended

George L. Thomas

Manager · since 24 octobre 2012

Ended

Bart De Keyser

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BME & Services● Active	0848.293.209
EFVEO Francoys-Vanoverschelde● Active	0447.214.045
Nefab Packaging Belgium● Active	0866.855.643

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	01/11/2022	01/11/2021	01/11/2020	01/11/2019	01/11/2018	01/11/2017
Closing of the financial year	31/10/2023	31/10/2022	31/10/2021	31/10/2020	31/10/2019	31/10/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/05/2024	17/05/2023	30/05/2022	18/05/2021	30/04/2020	19/06/2019
General meeting	21/02/2024	15/02/2023	16/02/2022	17/02/2021	19/02/2020	20/02/2019
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/10/2023	21/02/2024	30/05/2024	Dutch	PDF
Full model	31/10/2022	15/02/2023	17/05/2023	Dutch	PDF
Full modelCorrection	31/10/2021	16/02/2022	30/05/2022	Dutch	PDF
Full model	31/10/2021	16/02/2022	30/05/2022	Dutch	PDF
Full model	31/10/2020	17/02/2021	18/05/2021	Dutch	PDF
Full model	31/10/2019	19/02/2020	30/04/2020	Dutch	PDF
Full model	31/10/2018	20/02/2019	19/06/2019	Dutch	PDF
Full model	31/10/2017	28/02/2018	24/04/2018	Dutch	PDF
Full model	31/10/2016	28/04/2017	30/05/2017	Dutch	PDF
Full model	31/10/2015	17/02/2016	21/03/2016	Dutch	PDF
Full model	31/10/2014	18/02/2015	30/03/2015	Dutch	PDF
Full model	30/10/2013	19/02/2014	27/03/2014	Dutch	PDF
Full model	31/10/2012	20/02/2013	26/03/2013	Dutch	PDF
Full model	02/11/2011	14/03/2012	22/05/2012	Dutch	PDF
Full modelCorrection	03/11/2010	16/03/2011	23/01/2012	Dutch	PDF
Full model	03/11/2010	16/03/2011	20/06/2011	Dutch	PDF
Full modelCorrection	04/11/2009	17/02/2010	20/10/2010	Dutch	PDF
Full model	04/11/2009	17/02/2010	26/03/2010	Dutch	PDF
Full model	31/10/2008	18/02/2009	24/03/2009	Dutch	PDF
Full modelCorrection	31/10/2007	19/02/2008	24/03/2009	Dutch	PDF
Full model	31/10/2007	19/02/2008	25/03/2008	Dutch	PDF
Full model	31/10/2006	21/02/2007	21/02/2007	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 31/10/2023 · 3 active · 10 ended

Active mandates

Bart De Keyser

Manager · until 14 décembre 2023

Active

Michael J DuFrayne

Manager

Active

Robert Peter Kiep III

Manager

Active

Ended mandates

Michael J DuFrayne

Manager · since 16 novembre 2022

Ended

Robert Peter Kiep III

Manager · since 16 novembre 2022

Ended

George L. Thomas

Manager · since 24 octobre 2012

Ended

Bart De Keyser

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other02/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2023
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

2023
Annual accounts 2023-3,8 M €↓
2022
Annual accounts 2022-1,2 M €↓
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020953,6 k €↑
2019
Annual accounts 2019100,7 k €↓
2018
Annual accounts 2018325,7 k €↓
2017
Annual accounts 20171 M €↑
2015
Annual accounts 2015399,4 k €↓
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013-890,2 k €↓
2012
Annual accounts 2012-328,6 k €↓
2011
Annual accounts 2011-223,5 k €↑
2010
Annual accounts 2010-238,4 k €↓
2009
Annual accounts 2009240 k €↓
2008
Annual accounts 2008605,9 k €↑
2007
Annual accounts 2007498,8 k €
28/06/1957
IncorporationGeneral partnership

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

Sidaplax

Overview

What does Sidaplax do?

Trend over 16 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