OPENING OF BANKRUPTCY

BELSAY

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Company — Opening of bankruptcy.

Financial year 2019 · Closed on 31/12/2019

Net result163 k €+115,5 %over 1 year

Revenue16,8 M €-13,4 %over 1 year

Equity1,5 M €+12,5 %over 1 year

Workforce98,7 ETP-15,6 %over 1 year

Identity

Source · BCE/KBO

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· main 46412Wholesale of textiles 51410Air transport 47512Retail sale of textiles in specialised stores 47512Retail sale of textiles in specialised stores 52410Warehousing and support activities for transportation

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 15 filings

Trend over 14 financial years

	2019		2018		2017		2016		2015
Income statement
Revenue	16,8 M €	-13.4%	19,4 M €	-18.3%	23,7 M €	-20.2%	29,7 M €	-0.0%	29,7 M €
EBITDA	742,3 k €	+291%	-388,6 k €	-137%	1 M €	+45.8%	711,7 k €	-12.3%	811,8 k €
Operating result	223,9 k €	+123%	-969,5 k €	-296%	495,5 k €	+251%	141,1 k €	-67.0%	428,1 k €
Net result	163 k €	+115%	-1,1 M €	-373%	385,5 k €	+5144%	7,4 k €	-96.4%	205,9 k €
Balance sheet
Equity	1,5 M €	+12.5%	1,3 M €	-44.7%	2,4 M €	+19.6%	2 M €	+0.4%	2 M €
Total assets	3,7 M €	-11.3%	4,1 M €	-35.0%	6,4 M €	+1.3%	6,3 M €	-22.5%	8,1 M €
Cash	747 k €	+167%	279,5 k €	-14.6%	327,3 k €	-15.6%	387,6 k €	-33.6%	584 k €
Debts	2 M €	-20.7%	2,5 M €	-24.4%	3,3 M €	-21.1%	4,2 M €	-30.7%	6 M €
Other
Workforce	98,7 ETP	-15.6%	117,0 ETP	-23.3%	152,5 ETP	-5.6%	161,6 ETP	-0.4%	162,2 ETP

Board of directors

Source · NBB, accounts to 31/12/2019

6 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Diramode SARepresented by Alain Salle	Chairman of the board of directors16/09/2019 → 16/06/2022Director16/09/2019 → 16/06/2022Managing director16/09/2019 → 16/06/2022
Clément D'Hier	Director04/02/2019 → 16/06/2022Managing director04/02/2019 → 16/06/2022
Patrick Van der Linden	Director04/02/2019 → 16/06/2022
Béatrice Lafon	Director01/10/2018 → 04/02/2019
Pierre-Yves Guislain	Chairman of the board of directors15/12/2017 → 21/06/2021Director15/12/2017 → 21/06/2021Managing director15/12/2017 → 21/06/2021
Caroline Bachelet	Director01/07/2017 → 17/06/2021

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christine Jutard	Director15/12/2017 → 2018 accounts
Pierre-Yves Guislan	Director15/12/2017 → 2017 accounts
BV OOSTERDAM	Directorlisted until the 2016 accounts

Other companies at this address

Rue du Follet(K) 10 7540 Tournai

Company	CBE no.
AIR SCANNER BELGIUM● Active	1033.140.070
AKT CCI Wallonie picarde● Active	0471.755.243
AM● Active	0846.866.022
ASYNGEST● Active	0836.495.138
Boudailliez Lefebvre Architectes● Active	0434.886.236
B-SIDE● Active	0470.199.481
BV CODING● Active	0763.906.573
COMPAGNIE DU MONT● Active	0473.126.111
CONTRIBUONS A UNE WALLONIE PICARDE DE QUALITÉ● Active	0465.017.406
CORPORATE MANAGEMENT COMPANY● Active	0450.277.463
D& C Menuiserie● Bankrupt	0834.358.762
Domus Involucri● Active	1031.611.529
EMBUILD HAINAUT OCCIDENTAL● Active	0410.786.486
ESPACE FORMATION● Active	0753.780.961
ESPACE WALLONIE PICARDE FORMATION● Active	0817.217.377
ETABLISSEMENTS DEPIERE● Active	0420.938.428
EURO 3● Active	0445.437.163
GYM PASSION● Active	0638.908.316
Holding du 19 avril● Liquidation	0670.746.585
IMMOLITH● Active	0431.216.072

Full financial information

Source · NBB

	2019	2018	2017	2016	2015	2014
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2019	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014
Closing of the financial year	31/12/2019	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/07/2020	09/07/2019	28/06/2018	29/06/2017	13/07/2016	09/03/2016
General meeting	18/06/2020	20/06/2019	21/06/2018	15/06/2017	16/06/2016	24/04/2015
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2019	18/06/2020	21/07/2020	French	PDF
Full model	31/12/2018	20/06/2019	09/07/2019	French	PDF
Full model	31/12/2017	21/06/2018	28/06/2018	French	PDF
Full model	31/12/2016	15/06/2017	29/06/2017	French	PDF
Full model	31/12/2015	16/06/2016	13/07/2016	French	PDF
Full modelCorrection	31/12/2014	24/04/2015	09/03/2016	French	PDF
Full model	31/12/2014	24/04/2015	27/05/2015	French	PDF
Full model	31/12/2013	25/04/2014	20/06/2014	French	PDF
Full model	31/12/2012	17/05/2013	18/06/2013	French	PDF
Full model	31/12/2011	18/05/2012	12/06/2012	French	PDF
Full model	31/12/2010	29/04/2011	27/05/2011	French	PDF
Full model	31/12/2009	30/04/2010	21/06/2010	French	PDF
Full model	31/12/2008	24/04/2009	12/06/2009	French	PDF
Full model	31/12/2007	25/04/2008	11/06/2008	French	PDF
Full model	31/12/2006	27/04/2007	25/05/2007	French	PDF

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.

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Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2019

6 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Diramode SARepresented by Alain Salle	Chairman of the board of directors16/09/2019 → 16/06/2022Director16/09/2019 → 16/06/2022Managing director16/09/2019 → 16/06/2022
Clément D'Hier	Director04/02/2019 → 16/06/2022Managing director04/02/2019 → 16/06/2022
Patrick Van der Linden	Director04/02/2019 → 16/06/2022
Béatrice Lafon	Director01/10/2018 → 04/02/2019
Pierre-Yves Guislain	Chairman of the board of directors15/12/2017 → 21/06/2021Director15/12/2017 → 21/06/2021Managing director15/12/2017 → 21/06/2021
Caroline Bachelet	Director01/07/2017 → 17/06/2021

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christine Jutard	Director15/12/2017 → 2018 accounts
Pierre-Yves Guislan	Director15/12/2017 → 2017 accounts
BV OOSTERDAM	Directorlisted until the 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Diramode SA

Clément D'Hier

Patrick Van der Linden

Béatrice Lafon

Pierre-Yves Guislain

Caroline Bachelet

Christine Jutard

Pierre-Yves Guislan

Oosterdam BV

BV OOSTERDAM

SA KIBE

WOUTER JANSSENS

Show the 8 other mandates

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BELSAY

No data

Chairman of the board of directorsDirectorManaging director

DirectorManaging director

Director

Chairman of the board of directorsDirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Follet(K) 10 bte 4, 7540 Kain (Tournai)Current		CBE

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELSAYCurrent	accounts 2006 → 2019	Accounts 2019 · 2020-32200454

Events

2019
Annual accounts 2019163 k €↑
2018
Annual accounts 2018-1,1 M €↓
2017
Annual accounts 2017385,5 k €↑
2016
Annual accounts 20167,4 k €↓
2015
Annual accounts 2015205,9 k €↓
2014
Annual accounts 2014607,4 k €↑
2013
Annual accounts 2013558,1 k €↑
2012
Annual accounts 2012-25,8 k €↑
2011
Annual accounts 2011-1,8 M €↑
2010
Annual accounts 2010-3,9 M €↓
2009
Annual accounts 2009-2,9 M €↑
2008
Annual accounts 2008-3,9 M €↓
2007
Annual accounts 2007-3,5 M €↓
2006
Annual accounts 2006-783,4 k €
02/07/1992
IncorporationPublic limited company

BELSAY

Overview

Identity

Financials

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

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Timeline

Timeline

Registered offices

Company names

Events