OPENING OF BANKRUPTCY

Euro Shoe Group

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Company — Opening of bankruptcy.

Financial year 2023 · Closed on 31/12/2023

Net result-5 M €-453,2 %over 1 year

Revenue103,2 M €-9,5 %over 1 year

Equity4,6 M €-52,0 %over 1 year

Workforce161,7 ETP-6,7 %over 1 year

Identity

Source · BCE/KBO

Euro Shoe Group is a Public limited company incorporated in 2011. Its main activity is: Retail sale of footwear and leather goods in specialised stores. Its registered office is in Beringen. It employs on average 161,7 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0840.591.904
Incorporation: 25/10/2011
Legal form: Public limited company
Registered office: Lochtemanweg 17
3580 Beringen · FlandreSee on map
Contributed capital: 18 072 405,00 €
Latest accounts: 31/12/2023
Average workforce: 161,7 ETP

Activities (NACE)

47721Retail sale of footwear and leather goods in specialised stores· main 47721Retail sale of footwear and leather goods in specialised stores 47120Retail sale in non-specialised stores 47910Retail sale via mail order houses or via Internet

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

Positive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 14 filings

Trend over 11 financial years

	2023		2022		2021		2020		2019
Income statement
Revenue	103,2 M €	-9.5%	114,1 M €	+2.7%	111,1 M €	+5.7%	105,1 M €	-21.9%	134,5 M €
EBITDA	5,9 M €	+7.8%	5,5 M €	+422%	1,1 M €	+124%	-4,4 M €	-826%	-476,4 k €
Operating result	3,2 M €	+19.2%	2,7 M €	+554%	-590,2 k €	+93.1%	-8,5 M €	-63.7%	-5,2 M €
Net result	-5 M €	-453%	1,4 M €	+172%	-2 M €	+78.4%	-9,2 M €	-57.6%	-5,8 M €
Balance sheet
Equity	4,6 M €	-52.0%	9,7 M €	+17.3%	8,2 M €	-19.4%	10,2 M €	-47.3%	19,4 M €
Total assets	50,2 M €	-16.9%	60,4 M €	+14.5%	52,8 M €	-8.2%	57,5 M €	-1.5%	58,4 M €
Cash	1,6 M €	+65.3%	995,6 k €	-2.0%	1 M €	-22.5%	1,3 M €	+166%	492,4 k €
Debts	44,1 M €	-8.8%	48,4 M €	+15.2%	42 M €	+0.4%	41,8 M €	+18.0%	35,4 M €
Other
Workforce	161,7 ETP	-6.7%	173,3 ETP	-4.3%	181,1 ETP	-12.1%	206,1 ETP	-8.4%	225,0 ETP

Board of directors

Source · NBB, accounts to 31/12/2023

9 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Franciscus ten Berge	Director23/09/2023 → 26/06/2026
de boerderie0440.925.772Represented by Vanaudenhove Elise	Managing director25/05/2018 → 29/06/2029Director27/05/2016 → 25/05/2018ended
John-David Grison	Director11/12/2018 → 29/06/2029
EUGENIUS0870.046.844Represented by Myriam Lamote	Director18/10/2022 → 26/06/2026
A.V.O. - MANAGEMENT0462.974.466Represented by Van Overstraeten Annick	Chairman of the board of directors27/05/2016 → 30/06/2028Director27/05/2016 → 27/05/2022ended
MMTS Consultancy BVRepresented by Franciscus ten Berge	Director11/12/2018 → 29/05/2026
Rewind Design0817.276.666Represented by Wouters Liesbeth	Director27/05/2016 → 26/07/2024
Susan Lenderink	Director11/12/2018 → 30/06/2023
Vanaudenhove Philippe	Director30/05/2014 → 26/07/2024Managing director20/10/2011 → 29/05/2020ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Inspire Retail BVRepresented by Roland Palmer	Director25/05/2018 → 31/05/2022
KVA Consult BVBA0474.198.158Represented by Vanaudenhove Kenneth	Chairman of the board of directors27/05/2016 → 27/05/2022
Diane Vanaudenhove	Director30/05/2015 → 28/05/2021

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	01/01/2023	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	31/07/2024	04/07/2023	20/04/2023	24/06/2021	07/08/2020	11/06/2019
General meeting	26/07/2024	30/06/2023	31/05/2022	28/05/2021	31/07/2020	24/05/2019
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	26/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Full modelCorrection	31/12/2021	31/05/2022	20/04/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	24/06/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	07/08/2020	Dutch	PDF
Full model	31/12/2018	24/05/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	01/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	15/06/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	04/06/2014	Dutch	PDF
Full modelCorrection	31/12/2012	31/05/2013	04/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	10/06/2013	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 31/12/2023

9 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Franciscus ten Berge	Director23/09/2023 → 26/06/2026
de boerderie0440.925.772Represented by Vanaudenhove Elise	Managing director25/05/2018 → 29/06/2029Director27/05/2016 → 25/05/2018ended
John-David Grison	Director11/12/2018 → 29/06/2029
EUGENIUS0870.046.844Represented by Myriam Lamote	Director18/10/2022 → 26/06/2026
A.V.O. - MANAGEMENT0462.974.466Represented by Van Overstraeten Annick	Chairman of the board of directors27/05/2016 → 30/06/2028Director27/05/2016 → 27/05/2022ended
MMTS Consultancy BVRepresented by Franciscus ten Berge	Director11/12/2018 → 29/05/2026
Rewind Design0817.276.666Represented by Wouters Liesbeth	Director27/05/2016 → 26/07/2024
Susan Lenderink	Director11/12/2018 → 30/06/2023
Vanaudenhove Philippe	Director30/05/2014 → 26/07/2024Managing director20/10/2011 → 29/05/2020ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Inspire Retail BVRepresented by Roland Palmer	Director25/05/2018 → 31/05/2022
KVA Consult BVBA0474.198.158Represented by Vanaudenhove Kenneth	Chairman of the board of directors27/05/2016 → 27/05/2022
Diane Vanaudenhove	Director30/05/2015 → 28/05/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2023
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2019
ONTSLAGEN - BENOEMINGEN
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

Filings11 filings

Mandates

Franciscus ten Berge

de boerderie

John-David Grison

EUGENIUS

A.V.O. - MANAGEMENT

Rewind Design

MMTS Consultancy BV

Susan Lenderink

Vanaudenhove Philippe

Inspire Retail BV

KVA Consult BVBA

Diane Vanaudenhove

and 5 more mandates

2011201220132014201520162017201820192020202120222023202420252026202720282029

Euro Shoe Group

Lochtemanweg 17, 3580 BeringenLochtemanweg 15, 3580 Beringen

Director

Managing directorDirector

Director

Chairman of the board of directorsDirector

Director

DirectorManaging director

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Lochtemanweg 17, 3580 BeringenCurrent	accounts 2023	Accounts 2023 · 2024-00321615
Lochtemanweg 15, 3580 Beringen	accounts 2021 → 2022	Accounts 2022 · 2023-00210712

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Euro Shoe GroupCurrent	accounts 2012 → 2023	Accounts 2023 · 2024-00321615

Events

2023
Annual accounts 2023-5 M €↓
23/09/2023
nominationElise Vanaudenhove · Gedelegeerd Bestuurder
23/09/2023
nominationPhilippe Vanaudenhove · Bestuurder
23/09/2023
nominationFranciscus ten Berge · bestuurder
06/07/2023
reconductionElise Vanaudenhove · gedelegeerd bestuurder
06/07/2023
reconductionJohn David Grison · bestuurder én voorzitter van het Auditcomité
30/06/2023
reconductionDe Boerderie BV · Gedelegeerd Bestuurder
30/06/2023
reconductionJohn-David Grison · bestuurder
2022
Annual accounts 20221,4 M €↑
31/05/2022
reconductionAnnick Van Overstraeten · bestuurder (vaste vertegenwoordiger A.V.O. Management)
31/05/2022
reconductionFranciscus ten Berge · bestuurder (vaste vertegenwoordiger MMTS Consultancy)
31/05/2022
reconductionLiesbeth Wouters · bestuurder (vaste vertegenwoordiger Rewind Design BV)
31/05/2022
reconductionSusan Lenderink · bestuurder
31/05/2022
nominationMyriam Lamote · bestuurder (vaste vertegenwoordiger BV Eugenius)
2021
Annual accounts 2021-2 M €↑
2020
Annual accounts 2020-9,2 M €↓
2019
Annual accounts 2019-5,8 M €↑
2018
Annual accounts 2018-7,1 M €↑
2017
Annual accounts 2017-10,4 M €↓
2016
Annual accounts 2016-3,8 M €↓
2014
Annual accounts 2014301,7 k €↓
2013
Annual accounts 2013721,2 k €↓
2012
Annual accounts 20123 M €
25/10/2011
IncorporationPublic limited company

Euro Shoe Group

Overview

Identity

Financials

Board of directors

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