OPENING OF BANKRUPTCY

EXIT TWENTY

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Financial year 2023 · closed on 31/05/2023

Net result

-271,2 k €

-284.2% YoY

Revenue

1,9 M €

-8.7% YoY

Equity

763,3 k €

-26.2% YoY

Workforce

12,2 ETP

0.0% YoY

Company — Opening of bankruptcy.

What does EXIT TWENTY do?

EXIT TWENTY is a Public limited company incorporated in 1988. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Waregem. It employs on average 12,2 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0434.844.466

Incorporation

15/07/1988

Legal form

Public limited company

Registered office

Kortrijkseweg 78
8791 Waregem · FlandreSee on map

Contributed capital

243 129,24 €

Latest accounts

31/05/2023

Average workforce

12,2 ETP

Activities (NACE)

46423Wholesale of clothing and footwear· main 46423Wholesale of clothing and footwear

Joint committees (1)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,9 M €	-8.7%	2,1 M €	-10.2%	2,3 M €	+37.8%	1,7 M €	-0.4%	1,7 M €	+49.5%	1,1 M €	-57.8%	2,6 M €	-8.7%	2,9 M €	+11.1%	2,6 M €	+13.0%	2,3 M €	+418%	444,5 k €	-57.0%	1 M €	-67.8%	3,2 M €	-0.4%	3,2 M €	+10.2%	2,9 M €	+12.1%	2,6 M €	-35.9%	4,1 M €	-48.3%	7,9 M €
EBITDA	-260,5 k €	-499%	65,3 k €	+1.4%	64,4 k €	-75.9%	266,9 k €	+131%	115,7 k €	-30.0%	165,3 k €	-24.1%	217,8 k €	-68.8%	697,4 k €	-17.3%	843,6 k €	+62.3%	519,8 k €	+470%	91,2 k €	+390%	18,6 k €	-57.6%	43,9 k €	+108%	-574,2 k €	-124%	-256,6 k €	+77.6%	-1,1 M €	+27.4%	-1,6 M €	-492%	402,5 k €
Operating result	-263,7 k €	-267%	158,4 k €	-58.6%	382,6 k €	+630%	-72,3 k €	-63.6%	-44,2 k €	-132%	138,3 k €	+418%	26,7 k €	-94.8%	508,5 k €	-26.3%	689,6 k €	+56.1%	441,7 k €	+537%	69,4 k €	+107%	-1 M €	-4047%	25,4 k €	+104%	-594,2 k €	-107%	-286,9 k €	+75.6%	-1,2 M €	+31.3%	-1,7 M €	-551%	380,2 k €
Net result	-271,2 k €	-284%	147,3 k €	-60.7%	374,8 k €	+577%	-78,6 k €	+1.8%	-80,1 k €	-241%	56,8 k €	+131%	-181,6 k €	-160%	302 k €	+47.0%	205,5 k €	-58.1%	490,2 k €	+525%	-115,5 k €	+91.7%	-1,4 M €	-233%	-415,7 k €	+34.8%	-637,5 k €	-375%	-134,3 k €	+91.9%	-1,7 M €	+50.3%	-3,4 M €	-8428%	-39,3 k €
Balance sheet
Equity	763,3 k €	-26.2%	1 M €	+16.6%	887,3 k €	+73.1%	512,5 k €	-13.3%	591,1 k €	+110%	-5,8 M €	+1.0%	-5,9 M €	-3.2%	-5,7 M €	+5.0%	-6 M €	+3.3%	-6,2 M €	+7.3%	-6,7 M €	-1.8%	-6,6 M €	-26.7%	-5,2 M €	-8.7%	-4,8 M €	-15.4%	-4,1 M €	-3.4%	-4 M €	-71.3%	-2,3 M €	-329%	1 M €
Total assets	1,2 M €	-2.1%	1,2 M €	+12.7%	1,1 M €	+31.6%	825,1 k €	-42.7%	1,4 M €	-10.1%	1,6 M €	+7.8%	1,5 M €	-5.4%	1,6 M €	+15.1%	1,4 M €	-25.5%	1,8 M €	+49.1%	1,2 M €	+51.9%	808,1 k €	-65.6%	2,3 M €	+35.9%	1,7 M €	+24.7%	1,4 M €	+26.1%	1,1 M €	-43.2%	1,9 M €	-54.8%	4,3 M €
Cash	47,3 k €	-13.4%	54,6 k €	-33.7%	82,3 k €	+125%	36,6 k €	+3.6%	35,3 k €	-2.6%	36,3 k €	-18.9%	44,7 k €	+37.1%	32,6 k €	-36.8%	51,6 k €	+60.2%	32,2 k €	-21.3%	40,9 k €	+466%	7,2 k €	-77.5%	32,2 k €	+82.3%	17,7 k €	+21.8%	14,5 k €	-86.8%	109,6 k €	+1361%	7,5 k €	-67.0%	22,8 k €
Debts	434,3 k €	+130%	188,5 k €	-5.0%	198,4 k €	-36.5%	312,6 k €	-63.2%	848,7 k €	-88.5%	7,4 M €	+0.9%	7,3 M €	+1.3%	7,2 M €	+5.3%	6,9 M €	-14.3%	8 M €	+1.4%	7,9 M €	+15.1%	6,9 M €	-4.6%	7,2 M €	+11.3%	6,5 M €	+18.5%	5,5 M €	+7.2%	5,1 M €	+20.7%	4,2 M €	+30.8%	3,2 M €
Other
Workforce	12,2 ETP	0.0%	12,2 ETP	-2.4%	12,5 ETP	+9.6%	11,4 ETP	+3.6%	11,0 ETP	-16.7%	13,2 ETP	+1.5%	13,0 ETP	+3.2%	12,6 ETP	-3.8%	13,1 ETP	+13.9%	11,5 ETP	+448%	2,1 ETP		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/05/2023 · 3 active · 17 ended

Active mandates

Thomas BERVOETS

Director · since 01 février 2021 · until 31 janvier 2027

Active

S&S Belux

Director · since 30 octobre 2018 · until 16 mai 2023 · 0806.891.035

Represented by Frederik Lukoff

Active

GAB MANAGEMENT

Managing director · since 05 juin 2014 · until 16 mai 2023 · 0897.667.593

Represented by Alain BROEKAERT

Active

Ended mandates

Patrick KROON

Director · since 01 octobre 2020

Ended

S&S Belux

Director · since 30 octobre 2018 · until 29 octobre 2024 · 0806.891.035

Represented by Frederik Lukoff

Ended

S&S Belux

Director · since 30 octobre 2018 · 0806.891.035

Represented by Dirk Stoppelenburg

Ended

SCARF

Director · since 25 octobre 2017 · until 30 octobre 2018 · 0442.823.707

Represented by Alain BROEKAERT

Ended

At this address

Other companies at this address

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KuBo Invest● Active	1023.169.064
OCCASIEREKKEN VERBEKE● Active	0797.560.328

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/06/2022	01/06/2021	01/06/2020	01/06/2019	01/06/2018	01/01/2018
Closing of the financial year	31/05/2023	31/05/2022	31/05/2021	31/05/2020	31/05/2019	31/05/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	5 months
Filing date	05/04/2024	20/01/2023	23/02/2022	04/01/2021	18/12/2019	02/10/2018
General meeting	12/03/2024	21/12/2022	14/02/2022	17/12/2020	18/12/2019	14/09/2018
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/05/2023	12/03/2024	05/04/2024	Dutch	PDF
Abridged model	31/05/2023	21/12/2023	15/01/2024	Dutch	PDF
Abridged model	31/05/2022	21/12/2022	20/01/2023	Dutch	PDF
Full model	31/05/2021	14/02/2022	23/02/2022	Dutch	PDF
Full model	31/05/2020	17/12/2020	04/01/2021	Dutch	PDF
Full model	31/05/2019	18/12/2019	18/12/2019	Dutch	PDF
Full model	31/05/2018	14/09/2018	02/10/2018	Dutch	PDF
Full model	31/12/2017	29/06/2018	19/07/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	24/05/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	13/08/2015	Dutch	PDF
Full model	31/12/2013	25/08/2014	26/08/2014	Dutch	PDF
Full model	31/12/2012	24/09/2013	02/10/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	30/10/2012	Dutch	PDF
Full model	31/12/2010	23/09/2011	18/10/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	06/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/05/2009	14/07/2009	Dutch	PDF
Abridged model	31/12/2007	01/10/2008	21/11/2008	Dutch	PDF
Full model	31/12/2006	21/06/2007	22/06/2007	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 31/05/2023 · 3 active · 17 ended

Active mandates

Thomas BERVOETS

Director · since 01 février 2021 · until 31 janvier 2027

Active

S&S Belux

Director · since 30 octobre 2018 · until 16 mai 2023 · 0806.891.035

Represented by Frederik Lukoff

Active

GAB MANAGEMENT

Managing director · since 05 juin 2014 · until 16 mai 2023 · 0897.667.593

Represented by Alain BROEKAERT

Active

Ended mandates

Patrick KROON

Director · since 01 octobre 2020

Ended

S&S Belux

Director · since 30 octobre 2018 · until 29 octobre 2024 · 0806.891.035

Represented by Frederik Lukoff

Ended

S&S Belux

Director · since 30 octobre 2018 · 0806.891.035

Represented by Dirk Stoppelenburg

Ended

SCARF

Director · since 25 octobre 2017 · until 30 octobre 2018 · 0442.823.707

Represented by Alain BROEKAERT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/01/2019
KAPITAAL - AANDELEN
PDF
Mandates24/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other15/06/2018
ALGEMENE VERGADERING - BOEKJAAR
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 2023-271,2 k €↓
2022
Annual accounts 2022147,3 k €↓
2021
Annual accounts 2021374,8 k €↑
2020
Annual accounts 2020-78,6 k €↑
2019
Annual accounts 2019-80,1 k €↓
2018
Annual accounts 201856,8 k €↑
2017
Annual accounts 2017-181,6 k €↓
2016
Annual accounts 2016302 k €↑
2016
Name changeEXIT TWENTY
2015
Annual accounts 2015205,5 k €↓
2014
Annual accounts 2014490,2 k €↑
2013
Annual accounts 2013-115,5 k €↑
2012
Annual accounts 2012-1,4 M €↓
2011
Annual accounts 2011-415,7 k €↑
2010
Annual accounts 2010-637,5 k €↓
2009
Annual accounts 2009-134,3 k €↑
2008
Annual accounts 2008-1,7 M €↑
2007
Annual accounts 2007-3,4 M €↓
2007
Name changeN.V. BIJTTEBIER SHIRTCONCEPTS
2006
Annual accounts 2006-39,3 k €
2006
Name changeKONFEKTIEBEDRIJF A. BIJTTEBIER EN ZONEN
15/07/1988
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

EXIT TWENTY

Overview

What does EXIT TWENTY do?

Trend over 18 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