OPENING OF BANKRUPTCY

S&S Belux

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Financial year 2023 · closed on 31/05/2023

Net result

-1,1 M €

-470.0% YoY

Revenue

9,2 M €

-41.2% YoY

Equity

-4,2 M €

-35.9% YoY

Workforce

18,0 ETP

-20.0% YoY

Company — Opening of bankruptcy.

What does S&S Belux do?

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

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		2014		2013		2012		2011		2010		2009
Income statement
Revenue	9,2 M €	-41.2%	15,6 M €	+4.2%	15 M €	-11.5%	17 M €	-16.9%	20,4 M €	+140%	8,5 M €	-61.1%	21,9 M €	-5.2%	23,1 M €	-13.2%	26,6 M €	+1.0%	26,3 M €	+8.0%	24,3 M €	+13.9%	21,4 M €	+28.3%	16,7 M €	+85.0%	9 M €	+226%	2,8 M €
EBITDA	-122,7 k €	-109%	1,4 M €	+557%	-303,4 k €	-181%	372,7 k €	+37.1%	271,8 k €	+1.1%	268,8 k €	-75.9%	1,1 M €	-29.3%	1,6 M €	-32.7%	2,3 M €	-24.1%	3,1 M €	+50.1%	2,1 M €	-41.4%	3,5 M €	+35.9%	2,6 M €	+53.0%	1,7 M €	+542%	263,5 k €
Operating result	-617,4 k €	-201%	611,2 k €	+164%	-948,6 k €	-42.2%	-667,1 k €	-21.3%	-549,8 k €	-1248%	47,9 k €	-91.2%	541,1 k €	-53.0%	1,2 M €	-26.1%	1,6 M €	-30.1%	2,2 M €	+72.7%	1,3 M €	-54.3%	2,8 M €	+33.6%	2,1 M €	+63.9%	1,3 M €	+463%	229,3 k €
Net result	-1,1 M €	-470%	297,5 k €	+122%	-1,3 M €	+22.1%	-1,7 M €	+78.0%	-7,9 M €	-2104%	-356,8 k €	-190%	396,5 k €	+164%	150,1 k €	-68.0%	469,2 k €	-42.2%	811,4 k €	+81.4%	447,2 k €	-67.9%	1,4 M €	+36.3%	1 M €	+62.0%	631,5 k €	+3468%	17,7 k €
Balance sheet
Equity	-4,2 M €	-35.9%	-3,1 M €	+8.9%	-3,4 M €	-66.8%	-2 M €	-605%	-285,5 k €	-113%	2,1 M €	-14.3%	2,5 M €	+18.8%	2,1 M €	+7.7%	2 M €	+31.5%	1,5 M €	+0.8%	1,5 M €	+7.0%	1,4 M €	+87.8%	734,6 k €	+247%	211,7 k €	+164%	80,2 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 €	-11.2%	13,9 M €	+6.8%	13 M €	+1.3%	12,9 M €	-3.6%	13,3 M €	-4.9%	14 M €	+18.7%	11,8 M €	+0.1%	11,8 M €	+74.7%	6,8 M €	+64.3%	4,1 M €	+241%	1,2 M €
Cash	56,5 k €	-89.2%	523,6 k €	+21.1%	432,3 k €	+202%	143,1 k €	-67.2%	436,9 k €	+779%	49,7 k €	-91.0%	554,6 k €	+259%	154,6 k €	-53.9%	335,3 k €	+28.9%	260,2 k €	-32.3%	384,3 k €	+127%	169,6 k €	+8.2%	156,6 k €	-39.6%	259,2 k €	+79.9%	144,1 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 €	+7.2%	11,7 M €	+12.7%	10,4 M €	-2.9%	10,7 M €	-6.2%	11,4 M €	-9.4%	12,5 M €	+21.3%	10,3 M €	-0.7%	10,4 M €	+72.9%	6 M €	+54.4%	3,9 M €	+246%	1,1 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	+0.9%	33,2 ETP	+3.4%	32,1 ETP	+8.8%	29,5 ETP	-49.7%	58,7 ETP	-2.5%	60,2 ETP	+7.5%	56,0 ETP	+16.7%	48,0 ETP	+33.3%	36,0 ETP	+63.6%	22,0 ETP	+547%	3,4 ETP

Governance

Board of directors

Seen on filing of 31/05/2023 · 4 active · 21 ended

Active mandates

Thomas BERVOETS

Director · since 01 février 2021 · until 31 janvier 2027

Active

Frederik Lukoff

Director · since 01 octobre 2019 · until 11 avril 2023

Active

Alain Brouckaert

Director · since 24 octobre 2016 · until 16 mai 2023

Active

GAB MANAGEMENT

Managing director · since 24 octobre 2016 · until 16 mai 2023 · 0897.667.593

Represented by Alain Broekaert

Active

Ended mandates

Frederik Lukoff

Director · since 01 octobre 2019 · until 30 septembre 2025

Ended

Frederik Lukoff

Director · since 01 octobre 2019

Ended

Miguel Sanchez

Director · since 01 octobre 2019 · until 30 novembre 2019

Ended

Patrick Kroon

Director · since 01 octobre 2019

Ended

At this address

Other companies at this address

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

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	01/06/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

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

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 31/05/2023 · 4 active · 21 ended

Active mandates

Thomas BERVOETS

Director · since 01 février 2021 · until 31 janvier 2027

Active

Frederik Lukoff

Director · since 01 octobre 2019 · until 11 avril 2023

Active

Alain Brouckaert

Director · since 24 octobre 2016 · until 16 mai 2023

Active

GAB MANAGEMENT

Managing director · since 24 octobre 2016 · until 16 mai 2023 · 0897.667.593

Represented by Alain Broekaert

Active

Ended mandates

Frederik Lukoff

Director · since 01 octobre 2019 · until 30 septembre 2025

Ended

Frederik Lukoff

Director · since 01 octobre 2019

Ended

Miguel Sanchez

Director · since 01 octobre 2019 · until 30 novembre 2019

Ended

Patrick Kroon

Director · since 01 octobre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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

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 2023-1,1 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 €
2009
Name changeSCOTCH AND SODA BELUX
07/10/2008
IncorporationPublic 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

S&S Belux

Overview

What does S&S Belux 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