OPENING OF BANKRUPTCY

BELSAY

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Financial year 2019 · closed on 31/12/2019
Net result
163 k €
+115.5% YoY
Revenue
16,8 M €
-13.4% YoY
Equity
1,5 M €
+12.5% YoY
Workforce
98,7 ETP
-15.6% YoY

Company — Opening of bankruptcy.

What does BELSAY do?

BELSAY is a Public limited company incorporated in 1992. Its main activity is: Wholesale of textiles. Its registered office is in Tournai. It employs on average 98,7 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0447.803.666
Incorporation
02/07/1992
Legal form
Public limited company
Registered office
Rue du Follet(K) 10 box 4
7540 Tournai · WallonieSee on map
Latest accounts
31/12/2019
Average workforce
98,7 ETP
Activities (NACE)
46412Wholesale of textiles· main46412Wholesale of textiles51410Air transport47512Retail sale of textiles in specialised stores47512Retail sale of textiles in specialised stores52410Warehousing and support activities for transportation
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20192018201720162015201420132012201120102009200820072006
Income statement
Revenue16,8 M €19,4 M €23,7 M €29,7 M €29,7 M €31,3 M €31,3 M €30,4 M €31,8 M €33,6 M €34,5 M €30,6 M €27,2 M €22,8 M €
EBITDA742,3 k €-388,6 k €1 M €711,7 k €811,8 k €1,4 M €1,7 M €1,4 M €-2,1 M €-1,7 M €-577,3 k €-1,6 M €-1,6 M €389,2 k €
Operating result223,9 k €-969,5 k €495,5 k €141,1 k €428,1 k €774,7 k €756,1 k €328,8 k €-3,9 M €-3,4 M €-2,3 M €-3,4 M €-3,2 M €-818 k €
Net result163 k €-1,1 M €385,5 k €7,4 k €205,9 k €607,4 k €558,1 k €-25,8 k €-1,8 M €-3,9 M €-2,9 M €-3,9 M €-3,5 M €-783,4 k €
Balance sheet
Equity1,5 M €1,3 M €2,4 M €2 M €2 M €1,8 M €1,1 M €588,4 k €-1,4 M €-2,6 M €-1,7 M €-2,3 M €1,6 M €2,8 M €
Total assets3,7 M €4,1 M €6,4 M €6,3 M €8,1 M €8 M €7 M €7,8 M €8 M €9,9 M €13,3 M €12,9 M €14,3 M €9,2 M €
Cash747 k €279,5 k €327,3 k €387,6 k €584 k €572,9 k €2,8 M €3,3 M €2,8 M €2,7 M €4,8 M €2,1 M €3,8 M €1 M €
Debts2 M €2,5 M €3,3 M €4,2 M €6 M €6,1 M €5,7 M €7,1 M €9,2 M €12,4 M €14,9 M €15,1 M €12,7 M €6,3 M €
Other
Workforce98,7 ETP117,0 ETP152,5 ETP161,6 ETP162,2 ETP163,8 ETP168,1 ETP164,2 ETP160,5 ETP172,3 ETP186,8 ETP188,0 ETP174,3 ETP162,4 ETP
Governance

Board of directors

Seen on filing of 31/12/2019 · 11 active · 31 ended

Active mandates

Diramode SA

Chairman of the board of directors · since 16 septembre 2019 · until 16 juin 2022

Represented by Alain Salle

Active
Diramode SA

Director · since 16 septembre 2019 · until 16 juin 2022

Represented by Alain Salle

Active
Diramode SA

Managing director · since 16 septembre 2019 · until 16 juin 2022

Represented by Alain Salle

Active
Clément D'Hier

Director · since 04 février 2019 · until 16 juin 2022

Active
Clément D'Hier

Managing director · since 04 février 2019 · until 16 juin 2022

Active
Patrick Van der Linden

Director · since 04 février 2019 · until 16 juin 2022

Active
Béatrice Lafon

Director · since 01 octobre 2018 · until 04 février 2019

Active
Pierre-Yves Guislain

Chairman of the board of directors · since 15 décembre 2017 · until 15 septembre 2019

Active
Pierre-Yves Guislain

Director · since 15 décembre 2017 · until 15 septembre 2019

Active
Pierre-Yves Guislain

Managing director · since 15 décembre 2017 · until 15 septembre 2019

Active
Caroline Bachelet

Director · since 01 juillet 2017 · until 04 février 2019

Active

Ended mandates

Christine Jutard

Director · since 15 décembre 2017 · until 01 octobre 2018

Ended
Christine Jutard

Director · since 15 décembre 2017 · until 18 juin 2021

Ended
Pierre-Yves Guislain

Chairman of the board of directors · since 15 décembre 2017 · until 21 juin 2021

Ended
Pierre-Yves Guislain

Director · since 15 décembre 2017 · until 21 juin 2021

Ended
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Annual accounts

Full financial information

201920182017201620152014
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/201901/01/201801/01/201701/01/201601/01/201501/01/2014
Closing of the financial year31/12/201931/12/201831/12/201731/12/201631/12/201531/12/2014
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/07/202009/07/201928/06/201829/06/201713/07/201609/03/2016
General meeting18/06/202020/06/201921/06/201815/06/201716/06/201624/04/2015
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/201918/06/202021/07/2020FrenchPDF
Full model31/12/201820/06/201909/07/2019FrenchPDF
Full model31/12/201721/06/201828/06/2018FrenchPDF
Full model31/12/201615/06/201729/06/2017FrenchPDF
Full model31/12/201516/06/201613/07/2016FrenchPDF
Full modelCorrection31/12/201424/04/201509/03/2016FrenchPDF
Full model31/12/201424/04/201527/05/2015FrenchPDF
Full model31/12/201325/04/201420/06/2014FrenchPDF
Full model31/12/201217/05/201318/06/2013FrenchPDF
Full model31/12/201118/05/201212/06/2012FrenchPDF
Full model31/12/201029/04/201127/05/2011FrenchPDF
Full model31/12/200930/04/201021/06/2010FrenchPDF
Full model31/12/200824/04/200912/06/2009FrenchPDF
Full model31/12/200725/04/200811/06/2008FrenchPDF
Full model31/12/200627/04/200725/05/2007FrenchPDF
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 31/12/2019 · 11 active · 31 ended

Active mandates

Diramode SA

Chairman of the board of directors · since 16 septembre 2019 · until 16 juin 2022

Represented by Alain Salle

Active
Diramode SA

Director · since 16 septembre 2019 · until 16 juin 2022

Represented by Alain Salle

Active
Diramode SA

Managing director · since 16 septembre 2019 · until 16 juin 2022

Represented by Alain Salle

Active
Clément D'Hier

Director · since 04 février 2019 · until 16 juin 2022

Active
Clément D'Hier

Managing director · since 04 février 2019 · until 16 juin 2022

Active
Patrick Van der Linden

Director · since 04 février 2019 · until 16 juin 2022

Active
Béatrice Lafon

Director · since 01 octobre 2018 · until 04 février 2019

Active
Pierre-Yves Guislain

Chairman of the board of directors · since 15 décembre 2017 · until 15 septembre 2019

Active
Pierre-Yves Guislain

Director · since 15 décembre 2017 · until 15 septembre 2019

Active
Pierre-Yves Guislain

Managing director · since 15 décembre 2017 · until 15 septembre 2019

Active
Caroline Bachelet

Director · since 01 juillet 2017 · until 04 février 2019

Active

Ended mandates

Christine Jutard

Director · since 15 décembre 2017 · until 01 octobre 2018

Ended
Christine Jutard

Director · since 15 décembre 2017 · until 18 juin 2021

Ended
Pierre-Yves Guislain

Chairman of the board of directors · since 15 décembre 2017 · until 21 juin 2021

Ended
Pierre-Yves Guislain

Director · since 15 décembre 2017 · until 21 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/11/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/10/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/12/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/02/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/11/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office22/03/2018
    SIEGE SOCIAL
    PDF
  • Mandates23/01/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/09/2017
    DEMISSIONS, NOMINATIONS
    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. 2019
    Annual accounts 2019163 k €↑
  2. 2018
    Annual accounts 2018-1,1 M €↓
  3. 2017
    Annual accounts 2017385,5 k €↑
  4. 2016
    Annual accounts 20167,4 k €↓
  5. 2015
    Annual accounts 2015205,9 k €↓
  6. 2014
    Annual accounts 2014607,4 k €↑
  7. 2013
    Annual accounts 2013558,1 k €↑
  8. 2012
    Annual accounts 2012-25,8 k €↑
  9. 2011
    Annual accounts 2011-1,8 M €↑
  10. 2010
    Annual accounts 2010-3,9 M €↓
  11. 2009
    Annual accounts 2009-2,9 M €↑
  12. 2008
    Annual accounts 2008-3,9 M €↓
  13. 2007
    Annual accounts 2007-3,5 M €↓
  14. 2006
    Annual accounts 2006-783,4 k €
  15. 02/07/1992
    IncorporationPublic limited company