OPENING OF BANKRUPTCY

Go North

Financial year 2023 · closed on 31/05/2023
Net result
-182,9 k €
-233.2% YoY
Revenue
2 M €
-16.1% YoY
Equity
288,7 k €
-38.8% YoY
Workforce
13,5 ETP
+16.4% YoY

Company — Opening of bankruptcy.

What does Go North do?

Go North is a Public limited company incorporated in 2015. Its main activity is: Agents involved in the sale of textiles, clothing, fur, footwear and leather goods. Its registered office is in Ternat. It employs on average 13,5 ETP workers (FTE).

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0644.447.709
Incorporation
11/12/2015
Legal form
Public limited company
Registered office
Assesteenweg 96
1740 Ternat · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/05/2023
Average workforce
13,5 ETP
Signals
Solid equityGood liquidityHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20232022202120202019201820172016
Income statement
Revenue2 M €2,4 M €1,9 M €2 M €2,5 M €1,1 M €3,1 M €3,1 M €
EBITDA-114,5 k €224 k €87,4 k €96,1 k €178 k €-2,8 k €305,3 k €450,6 k €
Operating result-178,6 k €182,5 k €9,5 k €-214,9 €108,5 k €-28 k €176,3 k €199,5 k €
Net result-182,9 k €137,3 k €6,2 k €3,2 k €68,3 k €-31,4 k €106 k €120 k €
Balance sheet
Equity288,7 k €471,6 k €334,3 k €328,1 k €324,9 k €256,6 k €288 k €182 k €
Total assets527,9 k €767,8 k €788 k €820,6 k €930,9 k €835,8 k €1 M €1,1 M €
Cash122,7 k €169,7 k €126,7 k €66 k €119,1 k €19,6 k €138,8 k €68,5 k €
Debts230,7 k €291,8 k €449,2 k €430 k €606,1 k €579,2 k €757,8 k €925,5 k €
Other
Workforce13,5 ETP11,6 ETP12,5 ETP12,6 ETP13,4 ETP16,5 ETP17,6 ETP17,0 ETP
Governance

Board of directors

Seen on filing of 31/05/2023 · 3 active · 14 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 2024 · 0806.891.035

Active
GAB MANAGEMENT

Managing director · since 10 décembre 2015 · until 16 mai 2023 · 0897.667.593

Represented by Alain Broekaert

Active

Ended mandates

Patrick KROON

Director · since 01 octobre 2019

Ended
Geert VAN IWAARDEN

Director · since 30 octobre 2018 · until 30 septembre 2019

Ended
Geert VAN IWAARDEN

Director · since 30 octobre 2018

Ended
S&S Belux

Director · since 30 octobre 2018 · until 14 novembre 2024 · 0806.891.035

Represented by Frederick LUKOFF

Ended
At this address

Other companies at this address

CompanyCBE no.
ALBRIBankrupt
0568.985.469
ALBROActive
0440.114.041
ALSPABROActive
0666.744.148
ALTOActive
0456.851.192
CAP'N CRUNCHActive
0870.971.611
E-GABBankrupt
0839.007.933
FASHION BRICKSActive
0721.869.941
GAB86Active
0834.319.764
0885.701.456
GAB InternationalBankrupt
0456.810.909
G.A.B. LUXURYBankrupt
0834.316.103
GAB MANAGEMENTBankrupt
0897.667.593
GHENT TRADINGBankrupt
0836.419.221
0456.622.946
ONE AGENCYActive
0764.433.046
PVH BELGIUMActive
0426.563.834
SCALPERS BENELUXBankrupt
1009.964.493
S&S BeluxBankrupt
0806.891.035
SWEET COTTONBankrupt
0834.310.658
Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelFull model
Start of the financial year01/06/202201/06/202101/06/202001/06/201901/06/201801/01/2018
Closing of the financial year31/05/202331/05/202231/05/202131/05/202031/05/201931/05/2018
Length of the financial year12 months12 months12 months12 months12 months5 months
Filing date05/04/202420/01/202323/02/202204/01/202118/12/201902/10/2018
General meeting12/03/202421/12/202214/02/202217/12/202018/12/201914/09/2018
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged modelCorrection31/05/202312/03/202405/04/2024DutchPDF
Abridged model31/05/202321/12/202323/01/2024DutchPDF
Abridged model31/05/202221/12/202220/01/2023DutchPDF
Full model31/05/202114/02/202223/02/2022DutchPDF
Full model31/05/202017/12/202004/01/2021DutchPDF
Full model31/05/201918/12/201918/12/2019DutchPDF
Full model31/05/201814/09/201802/10/2018DutchPDF
Full model31/12/201729/06/201816/07/2018DutchPDF
Full model31/12/201628/06/201730/06/2017DutchPDF
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.

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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.

Governance

Board of directors

Seen on filing of 31/05/2023 · 3 active · 14 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 2024 · 0806.891.035

Active
GAB MANAGEMENT

Managing director · since 10 décembre 2015 · until 16 mai 2023 · 0897.667.593

Represented by Alain Broekaert

Active

Ended mandates

Patrick KROON

Director · since 01 octobre 2019

Ended
Geert VAN IWAARDEN

Director · since 30 octobre 2018 · until 30 septembre 2019

Ended
Geert VAN IWAARDEN

Director · since 30 octobre 2018

Ended
S&S Belux

Director · since 30 octobre 2018 · until 14 novembre 2024 · 0806.891.035

Represented by Frederick LUKOFF

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other25/08/2023
    DIVERSEN
    PDF
  • Mandates22/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/12/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/06/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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. 2023
    Annual accounts 2023-182,9 k €
  2. 2022
    Annual accounts 2022137,3 k €
  3. 2021
    Annual accounts 20216,2 k €
  4. 2020
    Annual accounts 20203,2 k €
  5. 2019
    Annual accounts 201968,3 k €
  6. 2018
    Annual accounts 2018-31,4 k €
  7. 2017
    Annual accounts 2017106 k €
  8. 2016
    Annual accounts 2016120 k €
  9. 11/12/2015
    IncorporationPublic limited company