OPENING OF BANKRUPTCY

S&S Belux

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Company — Opening of bankruptcy.

Financial year 2023 · Closed on 31/05/2023

Net result-1,1 M €-470,0 %over 1 year

Revenue9,2 M €-41,2 %over 1 year

Equity-4,2 M €-35,9 %over 1 year

Workforce18,0 ETP-20,0 %over 1 year

Identity

Source · BCE/KBO

S&S Belux is a Public limited company incorporated in 2008. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Ternat. It employs on average 18,0 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0806.891.035
Incorporation: 07/10/2008
Legal form: Public limited company
Registered office: Assesteenweg 96
1740 Ternat · FlandreSee on map
Contributed capital: 5 495 099,57 €
Latest accounts: 31/05/2023
Average workforce: 18,0 ETP

Activities (NACE)

46423Wholesale of clothing and footwear· main 46423Wholesale of clothing and footwear 47711Retail sale of clothing in specialised stores 47711Retail sale of clothing in specialised stores 47712Retail sale of clothing in specialised stores 47712Retail sale of clothing in specialised stores+2

Joint committees (4)

Signals

Healthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 15 financial years

	2023		2022		2021		2020		2019
Income statement
Revenue	9,2 M €	-41.2%	15,6 M €	+4.2%	15 M €	-11.5%	17 M €	-16.9%	20,4 M €
EBITDA	-122,7 k €	-109%	1,4 M €	+557%	-303,4 k €	-181%	372,7 k €	+37.1%	271,8 k €
Operating result	-617,4 k €	-201%	611,2 k €	+164%	-948,6 k €	-42.2%	-667,1 k €	-21.3%	-549,8 k €
Net result	-1,1 M €	-470%	297,5 k €	+122%	-1,3 M €	+22.1%	-1,7 M €	+78.0%	-7,9 M €
Balance sheet
Equity	-4,2 M €	-35.9%	-3,1 M €	+8.9%	-3,4 M €	-66.8%	-2 M €	-605%	-285,5 k €
Total assets	5,7 M €	-44.7%	10,3 M €	-8.6%	11,3 M €	-6.1%	12,1 M €	-2.5%	12,4 M €
Cash	56,5 k €	-89.2%	523,6 k €	+21.1%	432,3 k €	+202%	143,1 k €	-67.2%	436,9 k €
Debts	9,6 M €	-27.6%	13,2 M €	-8.8%	14,5 M €	+5.5%	13,7 M €	+9.8%	12,5 M €
Other
Workforce	18,0 ETP	-20.0%	22,5 ETP	-24.0%	29,6 ETP	-7.2%	31,9 ETP	-4.8%	33,5 ETP

Board of directors

Source · NBB, accounts to 31/05/2023

4 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thomas BERVOETS	Director01/02/2021 → 31/01/2027Mandate2022 accountsended
Frederik Lukoff	Director01/10/2019 → 30/09/2025
Alain Brouckaert	Director24/10/2016 → 16/05/2023
GAB MANAGEMENT0897.667.593Represented by Alain Broekaert	Managing director24/10/2016 → 16/05/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Miguel Sanchez	Director01/10/2019 → 30/11/2019
Patrick Kroon	Director01/10/2019 → 2020 accounts
Dirk-Jan Stopppelenburg	Director30/10/2018 → 2020 accounts

Other companies at this address

Assesteenweg 96 1740 Ternat

Company	CBE no.
ALBRI● Bankrupt	0568.985.469
ALBRO● Active	0440.114.041
ALSPABRO● Active	0666.744.148
ALTO● Active	0456.851.192
CAP'N CRUNCH● Active	0870.971.611
E-GAB● Bankrupt	0839.007.933
FASHION BRICKS● Active	0721.869.941
GAB86● Active	0834.319.764
G.A.B.CONTROLE HOLDING● Active	0885.701.456
GAB International● Bankrupt	0456.810.909
G.A.B. LUXURY● Bankrupt	0834.316.103
GAB MANAGEMENT● Bankrupt	0897.667.593
GHENT TRADING● Bankrupt	0836.419.221
Go North● Bankrupt	0644.447.709
GROEP BROEKAERT Alain● Bankrupt	0456.622.946
ONE AGENCY● Active	0764.433.046
PVH BELGIUM● Active	0426.563.834
SCALPERS BENELUX● Bankrupt	1009.964.493
SWEET COTTON● Bankrupt	0834.310.658

Full financial information

Source · NBB

	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	01/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/05/2023	12/03/2024	05/04/2024	Dutch	PDF
Full 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	16/07/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	08/06/2016	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	03/10/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	17/08/2012	Dutch	PDF
Full model	31/12/2010	09/06/2011	01/08/2011	Dutch	PDF
Abridged model	31/12/2009	09/06/2010	06/08/2010	Dutch	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.

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.

Board of directors

Source · NBB, accounts to 31/05/2023

4 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thomas BERVOETS	Director01/02/2021 → 31/01/2027Mandate2022 accountsended
Frederik Lukoff	Director01/10/2019 → 30/09/2025
Alain Brouckaert	Director24/10/2016 → 16/05/2023
GAB MANAGEMENT0897.667.593Represented by Alain Broekaert	Managing director24/10/2016 → 16/05/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Miguel Sanchez	Director01/10/2019 → 30/11/2019
Patrick Kroon	Director01/10/2019 → 2020 accounts
Dirk-Jan Stopppelenburg	Director30/10/2018 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2023
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates22/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other07/06/2019
DIVERSEN
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

Filings15 filings

Mandates

Thomas BERVOETS

Frederik Lukoff

GAB MANAGEMENT

Alain Brouckaert

Patrick Kroon

Miguel Sanchez

Ynes Stapert

Dirk-Jan Stopppelenburg

Geert Van Iwaarden

SCARF

JHC-INVEST

Alain Broekaert

20082009201020112012201320142015201620172018201920202021202220232024202520262027

S&S BeluxSCOTCH AND SODA BELUX

Assesteenweg 96, 1740 Ternat

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Assesteenweg 96, 1740 TernatCurrent	accounts 2022 → 2023	Accounts 2023 · 2024-00060340

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
S&S BeluxCurrent	accounts 2023	Accounts 2023 · 2024-00060340
SCOTCH AND SODA BELUX	accounts 2009 → 2022	Accounts 2022 · 2023-00001066

Events

2023
Annual accounts 2023-1,1 M €↓
2023
Name changeS&S Belux
2022
Annual accounts 2022297,5 k €↑
2021
Annual accounts 2021-1,3 M €↑
2020
Annual accounts 2020-1,7 M €↑
2019
Annual accounts 2019-7,9 M €↓
2018
Annual accounts 2018-356,8 k €↓
2017
Annual accounts 2017396,5 k €↑
2016
Annual accounts 2016150,1 k €↓
2015
Annual accounts 2015469,2 k €↓
2014
Annual accounts 2014811,4 k €↑
2013
Annual accounts 2013447,2 k €↓
2012
Annual accounts 20121,4 M €↑
2011
Annual accounts 20111 M €↑
2010
Annual accounts 2010631,5 k €↑
2009
Annual accounts 200917,7 k €
07/10/2008
IncorporationPublic limited company

S&S Belux

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

Similar companies

Timeline

Timeline

Registered offices

Company names

Events