OPENING OF BANKRUPTCY

BRUVATEX

Financial year 2022 · closed on 31/12/2022
Net result
-69,6 k €
+80.9% YoY
Gross margin
1,8 M €
+49.1% YoY
Equity
119,2 k €
-36.9% YoY
Workforce
27,0 ETP
+10.2% YoY

Company — Opening of bankruptcy.

What does BRUVATEX do?

BRUVATEX is a Public limited company incorporated in 1985. Its main activity is: Preparation and spinning of textile fibres. Its registered office is in Deerlijk. It employs on average 27,0 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0426.883.538
Incorporation
27/02/1985
Legal form
Public limited company
Registered office
Pladijsstraat 2
8540 Deerlijk · FlandreSee on map
Contributed capital
957 000,00 €
Latest accounts
31/12/2022
Average workforce
27,0 ETP
Joint committees (2)
  • 120
  • 214
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20222021201820162015201420132012201120102009200820072006
Income statement
Gross margin1,8 M €1,2 M €2,2 M €1,8 M €2 M €2 M €
EBITDA428,5 k €87,3 k €214,6 k €202,8 k €228,3 k €756,5 k €352,3 k €154,1 k €338,7 k €644,1 k €342,6 k €484,2 k €555,9 k €382,8 k €
Operating result38 k €-248,2 k €22,1 k €61 k €66,9 k €492 k €108,1 k €-56,9 k €96,6 k €217,4 k €88,3 k €166,7 k €170,3 k €157,2 k €
Net result-69,6 k €-363,8 k €-44,2 k €16,9 k €6,1 k €440,8 k €31,5 k €35,1 k €18,9 k €82,4 k €48,6 k €49,6 k €56 k €48,8 k €
Balance sheet
Equity119,2 k €188,8 k €1,2 M €1,7 M €1,7 M €1,7 M €1,2 M €1,2 M €1,2 M €1,1 M €1,1 M €1 M €960 k €904 k €
Total assets6,9 M €6 M €4,8 M €4,7 M €4,7 M €5,1 M €4,8 M €4,7 M €4,2 M €4,1 M €4 M €4,5 M €4,3 M €3,9 M €
Cash84,6 k €46 k €84,3 k €131,6 k €119,5 k €91 k €100,7 k €122,3 k €115,7 k €57,3 k €111,1 k €182,6 k €74,5 k €140,6 k €
Debts6,8 M €5,7 M €3,6 M €3 M €3 M €3,4 M €3,5 M €3,4 M €2,9 M €2,8 M €2,8 M €3,3 M €3,2 M €2,9 M €
Other
Workforce27,0 ETP24,5 ETP24,8 ETP29,1 ETP28,7 ETP28,8 ETP31,0 ETP33,6 ETP34,8 ETP33,1 ETP34,0 ETP34,6 ETP33,2 ETP32,6 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 24 ended

Active mandates

Martine Bruggeman

Director · since 15 juin 2019 · until 21 juin 2025

Active
Monique Vandenbroucke

Director · since 15 juin 2019 · until 17 juin 2023

Active
PB INTERNATIONAL

Managing director · since 15 juin 2019 · until 21 juin 2025 · 0436.987.374

Represented by Bruggeman Philip

Active

Ended mandates

Monique Vandenbroucke

Director · since 15 juin 2019 · until 21 juin 2025

Ended
MARTINE BRUGGEMAN

Director · since 07 juin 2013 · until 15 juin 2019

Ended
MONIQUE VANDENBROUCKE

Director · since 07 juin 2013 · until 15 juin 2019

Ended
PB INTERNATIONAL

Managing director · since 07 juin 2013 · 0436.987.374

Represented by PHILIP BRUGGEMAN

Ended
At this address

Other companies at this address

CompanyCBE no.
DS CONSTRUCTActive
0753.409.589
GTCActive
1001.536.381
GTC BUILDActive
0541.333.145
0692.588.710
Annual accounts

Full financial information

202220212020201920182017
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelFull modelFull model
Start of the financial year01/01/202201/01/202101/01/202001/01/201901/01/201801/01/2017
Closing of the financial year31/12/202231/12/202131/12/202031/12/201931/12/201831/12/2017
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202331/08/202229/07/202117/11/202009/10/201931/08/2018
General meeting17/06/202330/06/202219/06/202122/10/202006/09/201904/07/2018
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202217/06/202317/07/2023DutchPDF
Abridged model31/12/202130/06/202231/08/2022DutchPDF
Abridged model31/12/202019/06/202129/07/2021DutchPDF
Abridged model31/12/201922/10/202017/11/2020DutchPDF
Full model31/12/201806/09/201909/10/2019DutchPDF
Full model31/12/201704/07/201831/08/2018DutchPDF
Full model31/12/201621/08/201731/08/2017DutchPDF
Full model31/12/201516/08/201631/08/2016DutchPDF
Full model31/12/201420/06/201531/08/2015DutchPDF
Full model31/12/201321/06/201423/07/2014DutchPDF
Full modelCorrection31/12/201230/10/201318/11/2013DutchPDF
Full model31/12/201229/06/201319/07/2013DutchPDF
Full modelCorrection31/12/201112/10/201224/01/2013DutchPDF
Full model31/12/201112/10/201215/10/2012DutchPDF
Abridged model31/12/201011/06/201111/07/2011DutchPDF
Abridged model31/12/200912/06/201008/07/2010DutchPDF
Abridged model31/12/200813/06/200907/07/2009DutchPDF
Abridged model31/12/200714/06/200814/07/2008DutchPDF
Full model31/12/200616/06/200716/07/2007DutchPDF
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 31/12/2022 · 3 active · 24 ended

Active mandates

Martine Bruggeman

Director · since 15 juin 2019 · until 21 juin 2025

Active
Monique Vandenbroucke

Director · since 15 juin 2019 · until 17 juin 2023

Active
PB INTERNATIONAL

Managing director · since 15 juin 2019 · until 21 juin 2025 · 0436.987.374

Represented by Bruggeman Philip

Active

Ended mandates

Monique Vandenbroucke

Director · since 15 juin 2019 · until 21 juin 2025

Ended
MARTINE BRUGGEMAN

Director · since 07 juin 2013 · until 15 juin 2019

Ended
MONIQUE VANDENBROUCKE

Director · since 07 juin 2013 · until 15 juin 2019

Ended
PB INTERNATIONAL

Managing director · since 07 juin 2013 · 0436.987.374

Represented by PHILIP BRUGGEMAN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares15/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - KAPITAAL - AANDELEN
    PDF
  • Mandates17/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/08/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/01/2012
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/12/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2005
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office20/02/2004
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    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. 2022
    Annual accounts 2022-69,6 k €
  2. 2021
    Annual accounts 2021-363,8 k €
  3. 2021
    Name changeBruvatex
  4. 2018
    Annual accounts 2018-44,2 k €
  5. 2016
    Annual accounts 201616,9 k €
  6. 2015
    Annual accounts 20156,1 k €
  7. 2014
    Annual accounts 2014440,8 k €
  8. 2013
    Annual accounts 201331,5 k €
  9. 2012
    Annual accounts 201235,1 k €
  10. 2011
    Annual accounts 201118,9 k €
  11. 2010
    Annual accounts 201082,4 k €
  12. 2009
    Annual accounts 200948,6 k €
  13. 2008
    Annual accounts 200849,6 k €
  14. 2007
    Annual accounts 200756 k €
  15. 2006
    Annual accounts 200648,8 k €
  16. 2006
    Name changeBRUVATEX - SAGAERT & SPEYER
  17. 27/02/1985
    IncorporationPublic limited company