OPENING OF BANKRUPTCY

BelGaN

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Financial year 2023 · closed on 31/12/2023

Net result

-8,3 M €

-2107.4% YoY

Revenue

55,4 M €

-4.5% YoY

Equity

49,2 M €

+104.7% YoY

Workforce

420,9 ETP

+1.4% YoY

Company — Opening of bankruptcy.

What does BelGaN do?

BelGaN is a Private limited company incorporated in 2002. Its main activity is: Manufacture of electronic components. Its registered office is in Oudenaarde. It employs on average 420,9 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0477.511.994

Incorporation

10/05/2002

Legal form

Private limited company

Registered office

Westerring 15
9700 Oudenaarde · FlandreSee on map

Contributed capital

36 507 404,56 €

Latest accounts

31/12/2023

Average workforce

420,9 ETP

Activities (NACE)

26110Manufacture of electronic components· main 26110Manufacture of electronic components 32100Manufacture of jewellery, bijouterie and related articles

Joint committees (2)

Signals

Solid equityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2011		2010		2009		2008		2007		2006
Income statement
Revenue	55,4 M €	-4.5%	58,1 M €	-49.3%	114,6 M €	-9.4%	126,5 M €	+5.1%	120,4 M €	-8.2%	131,1 M €	+2.4%	128 M €	+8.5%	117,9 M €	+3.9%	113,5 M €	+26.7%	89,6 M €	+13.9%	78,6 M €	-27.6%	108,6 M €	-48.2%	209,9 M €	-14.6%	245,7 M €	-9.1%	270,4 M €
EBITDA	-4,6 M €	-222%	3,8 M €	-63.2%	10,3 M €	-39.6%	17 M €	+2.7%	16,6 M €	-3.6%	17,2 M €	+5.1%	16,4 M €	+18.0%	13,9 M €	+16.9%	11,9 M €	-25.8%	16 M €	+5.1%	15,2 M €	+855%	1,6 M €	-95.6%	36,6 M €	-15.2%	43,2 M €	-26.8%	59 M €
Operating result	-10,2 M €	-1007%	-921 k €	-115%	6,3 M €	-11.5%	7,2 M €	+5.5%	6,8 M €	-8.5%	7,4 M €	+8.2%	6,9 M €	+70.8%	4 M €	+24.4%	3,2 M €	-65.7%	9,4 M €	-5.0%	9,9 M €	+712%	-1,6 M €	-143%	3,8 M €	-42.2%	6,5 M €	-69.9%	21,7 M €
Net result	-8,3 M €	-2107%	411,7 k €	-90.2%	4,2 M €	-61.2%	10,9 M €	+191%	3,7 M €	-8.1%	4,1 M €	+16.0%	3,5 M €	-1.9%	3,6 M €	+29.8%	2,8 M €	-50.6%	5,6 M €	-3.3%	5,8 M €	+1426%	-434,9 k €	+90.1%	-4,4 M €	-615%	855,5 k €	-92.5%	11,5 M €
Balance sheet
Equity	49,2 M €	+105%	24 M €	-46.6%	45 M €	+10.3%	40,8 M €	-13.2%	46,9 M €	+8.6%	43,2 M €	-23.2%	56,3 M €	+6.6%	52,8 M €	-2.1%	53,9 M €	+163%	20,5 M €	+37.3%	15 M €	+62.8%	9,2 M €	-22.1%	11,8 M €	-23.8%	15,5 M €	-49.9%	30,9 M €
Total assets	98,7 M €	+58.6%	62,3 M €	-17.3%	75,3 M €	-18.1%	91,9 M €	-5.8%	97,6 M €	-5.0%	102,8 M €	-12.7%	117,8 M €	+4.8%	112,4 M €	+0.6%	111,7 M €	-8.6%	122,2 M €	+27.3%	96 M €	+6.4%	90,3 M €	-55.1%	201 M €	+1.4%	198,2 M €	-1.7%	201,6 M €
Cash	3,1 M €	+50.5%	2,1 M €	-94.7%	39,5 M €	+156%	15,4 M €	-6.2%	16,4 M €	-4.4%	17,2 M €	-23.8%	22,6 M €	+26.9%	17,8 M €	+33.8%	13,3 M €	+12.8%	11,8 M €	+23.8%	9,5 M €	-26.8%	13 M €	+730%	1,6 M €	+248%	450,8 k €	-54.7%	994,8 k €
Debts	49,1 M €	+28.5%	38,2 M €	+26.1%	30,3 M €	-35.2%	46,8 M €	-7.5%	50,6 M €	-14.8%	59,3 M €	-2.8%	61 M €	+3.4%	59 M €	+5.4%	56 M €	-44.1%	100,3 M €	+26.5%	79,2 M €	+1.4%	78,1 M €	-55.9%	177,1 M €	+6.9%	165,7 M €	+11.8%	148,2 M €
Other
Workforce	420,9 ETP	+1.4%	415,0 ETP	-32.7%	616,6 ETP	-15.2%	727,5 ETP	-5.0%	765,5 ETP	-0.5%	769,5 ETP	+4.2%	738,6 ETP	+1.1%	730,9 ETP	+1.2%	721,9 ETP	+22.3%	590,3 ETP	+7.4%	549,8 ETP	+2.3%	537,6 ETP	-16.2%	641,4 ETP	-7.9%	696,3 ETP	-3.5%	721,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 26 ended

Active mandates

BelGaN Group

Director · since 31 janvier 2022 · 0775.309.320

Represented by Zhen Hong Zhou

Active

Ended mandates

Brent WILSON

Director · since 06 mai 2020 · until 05 mai 2021

Ended

Brent WILSON

Director · since 06 mai 2020 · until 03 mai 2023

Ended

Marc DIERICKX

Director · since 06 mai 2020 · until 08 février 2022

Ended

Marc DIERICKX

Director · since 06 mai 2020 · until 03 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
BelGaN Group● Bankrupt	0775.309.320
BelGaN Leasing● Bankrupt	0477.822.196
BELLASER● Active	1021.254.206
Incir● Liquidation	0421.056.313
Thema Foundries● Active	1026.517.346

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	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2024	01/06/2023	25/05/2022	11/05/2021	18/05/2020	15/05/2019
General meeting	27/05/2024	15/05/2023	16/05/2022	05/05/2021	06/05/2020	02/05/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	27/05/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	01/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	25/05/2022	Dutch	PDF
Full model	31/12/2020	05/05/2021	11/05/2021	Dutch	PDF
Full model	31/12/2019	06/05/2020	18/05/2020	Dutch	PDF
Full model	31/12/2018	02/05/2019	15/05/2019	Dutch	PDF
Full model	31/12/2017	02/05/2018	15/05/2018	Dutch	PDF
Full model	31/12/2016	03/05/2017	12/05/2017	Dutch	PDF
Full model	31/12/2015	04/05/2016	26/05/2016	Dutch	PDF
Full model	31/12/2014	06/05/2015	28/05/2015	Dutch	PDF
Full model	31/12/2013	07/05/2014	02/06/2014	Dutch	PDF
Full model	31/12/2012	02/05/2013	17/05/2013	Dutch	PDF
Full model	31/12/2011	02/05/2012	21/05/2012	Dutch	PDF
Full model	31/12/2010	04/05/2011	25/05/2011	Dutch	PDF
Full model	31/12/2009	05/05/2010	27/05/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	28/07/2009	Dutch	PDF
Full model	31/12/2007	07/05/2008	17/06/2008	Dutch	PDF
Full model	31/12/2006	02/05/2007	15/06/2007	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 31/12/2023 · 1 active · 26 ended

Active mandates

BelGaN Group

Director · since 31 janvier 2022 · 0775.309.320

Represented by Zhen Hong Zhou

Active

Ended mandates

Brent WILSON

Director · since 06 mai 2020 · until 05 mai 2021

Ended

Brent WILSON

Director · since 06 mai 2020 · until 03 mai 2023

Ended

Marc DIERICKX

Director · since 06 mai 2020 · until 08 février 2022

Ended

Marc DIERICKX

Director · since 06 mai 2020 · until 03 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other01/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other16/06/2022
DIVERSEN
PDF
Mandates30/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other17/11/2021
DIVERSEN
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 2023-8,3 M €↓
15/05/2023
reconductionVGD Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 2022411,7 k €↓
2021
Annual accounts 20214,2 M €↓
2021
Name changeBelGaN BV
2020
Annual accounts 202010,9 M €↑
2019
Annual accounts 20193,7 M €↓
2018
Annual accounts 20184,1 M €↑
2017
Annual accounts 20173,5 M €↓
2016
Annual accounts 20163,6 M €↑
2015
Annual accounts 20152,8 M €↓
2011
Annual accounts 20115,6 M €↓
2010
Annual accounts 20105,8 M €↑
2009
Annual accounts 2009-434,9 k €↑
2008
Annual accounts 2008-4,4 M €↓
2008
Name changeON Semiconductor Belgium
2007
Annual accounts 2007855,5 k €↓
2006
Annual accounts 200611,5 M €
2006
Name changeAMI SEMICONDUCTOR BELGIUM
10/05/2002
IncorporationPrivate 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

BelGaN

Overview

What does BelGaN do?

Trend over 15 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