OPENING OF BANKRUPTCY

HYGI PANEL

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Financial year 2023 · closed on 31/12/2023

Net result

161,4 k €

+2023.5% YoY

Gross margin

821 k €

+12.4% YoY

Equity

1,2 M €

+602.3% YoY

Workforce

497 556,8 ETP

-19.4% YoY

Company — Opening of bankruptcy.

What does HYGI PANEL do?

HYGI PANEL is a Private limited company incorporated in 2006. Its main activity is: Manufacture of plastic plates, sheets, tubes and profiles. Its registered office is in Fernelmont. It employs on average 497 556,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0886.015.816

Incorporation

21/12/2006

Legal form

Private limited company

Registered office

Rue Georges Cosse, ZI, Nov. 4
5380 Fernelmont · WallonieSee on map

Contributed capital

37 192,01 €

Latest accounts

31/12/2023

Average workforce

497 556,8 ETP

Activities (NACE)

22210Manufacture of plastic plates, sheets, tubes and profiles· main 22210Manufacture of plastic plates, sheets, tubes and profiles 25210Manufacture of central heating radiators and boilers 43230Electrical, plumbing and other construction installation activities 43291Other construction installation 43320Joinery installation+3

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	821 k €	+12.4%	730,2 k €	+21.7%	599,7 k €	+54.9%	387,1 k €	-2.0%	395,1 k €	+12.4%	351,4 k €	+5.7%	332,6 k €	-13.0%	382,3 k €	+26.9%	301,3 k €	+96.5%	153,4 k €	+65.2%	92,8 k €	+64.5%	56,4 k €	-32.5%	83,6 k €	+42108%	-199 €	+71.1%	-689 €	+96.9%	-22 k €	-177%	28,6 k €
EBITDA	298,8 k €	+187%	104,2 k €	+94.1%	53,7 k €	-26.6%	73,1 k €	+51.5%	48,3 k €	+134%	20,7 k €	+98.3%	10,4 k €	-81.9%	57,5 k €	+71.1%	33,6 k €	-39.6%	55,6 k €	+10.9%	50,1 k €	+270%	13,5 k €	-74.6%	53,2 k €	+2297%	-2,4 k €	+73.9%	-9,3 k €	+82.7%	-53,7 k €	-735%	-6,4 k €
Operating result	190 k €	+616%	26,5 k €	+31.3%	20,2 k €	-62.1%	53,3 k €	+71.0%	31,1 k €	+805%	3,4 k €	+160%	-5,7 k €	-113%	44,5 k €	+129%	19,4 k €	-55.8%	43,9 k €	+17.5%	37,3 k €	+42520%	-88 €	-100%	34,6 k €	+299%	-17,4 k €	+23.6%	-22,8 k €	+65.6%	-66,3 k €	-274%	-17,7 k €
Net result	161,4 k €	+2024%	7,6 k €	-46.4%	14,2 k €	-51.9%	29,4 k €	+6.5%	27,7 k €	+2240%	1,2 k €	+114%	-8,4 k €	-121%	40,6 k €	+172%	14,9 k €	-54.9%	33,2 k €	-9.1%	36,5 k €	+880%	3,7 k €	-90.8%	40,3 k €	+3962%	991 €	+114%	-7,2 k €	+88.9%	-65,1 k €	-690%	-8,2 k €
Balance sheet
Equity	1,2 M €	+602%	172,7 k €	-4.5%	180,9 k €	+74.8%	103,5 k €	+39.8%	74 k €	+59.7%	46,4 k €	+2.6%	45,2 k €	-15.7%	53,6 k €	-71.0%	184,8 k €	+66.4%	111 k €	+69.6%	65,5 k €	+10.9%	59 k €	+6.7%	55,3 k €	+268%	15 k €	+7.1%	14 k €	-34.0%	21,3 k €	+1137%	-2,1 k €
Total assets	3,2 M €	+109%	1,5 M €	+7.9%	1,4 M €	+79.7%	782,2 k €	+104%	383 k €	+126%	169,3 k €	-43.1%	297,7 k €	-32.1%	438,6 k €	+30.9%	335 k €	+80.8%	185,2 k €	+51.8%	122 k €	+8.3%	112,7 k €	-35.2%	174 k €	+30.4%	133,5 k €	-8.8%	146,4 k €	-2.3%	149,9 k €	-9.5%	165,6 k €
Cash	96,6 k €	-14.9%	113,5 k €	-32.6%	168,5 k €	+228%	51,3 k €	-31.0%	74,4 k €	+356%	16,3 k €	+82.2%	9 k €	-63.1%	24,3 k €	-5.6%	25,7 k €	-71.2%	89,2 k €	+21.7%	73,3 k €	+281%	19,3 k €	-28.7%	27 k €	+4401%	600 €	-84.0%	3,8 k €	+451%	682 €	+847%	72 €
Debts	2 M €	+45.5%	1,3 M €	+9.8%	1,2 M €	+88.5%	649,3 k €	+110%	309 k €	+151%	122,9 k €	-51.3%	252,5 k €	-34.4%	385 k €	+159%	148,7 k €	+100%	74,2 k €	+31.2%	56,6 k €	+5.3%	53,7 k €	-54.8%	118,7 k €	+0.3%	118,4 k €	-10.5%	132,4 k €	+2.9%	128,7 k €	-23.3%	167,6 k €
Other
Workforce	497 556,8 ETP	-19.4%	617 569,0 ETP	+5771573%	10,7 ETP		–		–		–		–		6,3 ETP	+14.5%	5,5 ETP	+57.1%	3,5 ETP	+250%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	-7.7%	1,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 7 ended

Active mandates

ARTLEX

Director · since 01 novembre 2023 · 0889.877.109

Represented by Maxime Van Buggenhout

Active

Raymond JONKERS

Director · since 01 novembre 2023

Active

Crixus Management

Director · since 01 août 2019 · 0675.482.165

Represented by Lorenzo Bongiovanni

Active

Ended mandates

SPRL VALOR MANAGEMENT

Manager · since 20 novembre 2018 · 0550.556.261

Represented by Emmanuelle ROULET

Ended

SPRL VALOR MANAGEMENT

Manager · since 28 octobre 2014 · until 20 novembre 2018 · 0550.556.261

Represented by Frédéric CONRADS

Ended

VALOR MANAGEMENT sprl

Manager · since 28 octobre 2014 · 0550.556.261

Represented by Frédéric CONRADS

Ended

Sonia Baily

Manager · since 18 décembre 2010

Ended

At this address

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TRIPLE B● Active	0473.781.355

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	17/07/2024	31/07/2023	28/07/2022	22/06/2021	24/09/2020	09/07/2019
General meeting	28/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020	03/06/2019
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	28/06/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	01/06/2022	28/07/2022	French	PDF
Micro model	31/12/2020	01/06/2021	22/06/2021	French	PDF
Micro model	31/12/2019	01/06/2020	24/09/2020	French	PDF
Micro model	31/12/2018	03/06/2019	09/07/2019	French	PDF
Micro model	31/12/2017	01/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	31/10/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	25/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	15/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	01/01/9999	18/06/2008	French	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 · 3 active · 7 ended

Active mandates

ARTLEX

Director · since 01 novembre 2023 · 0889.877.109

Represented by Maxime Van Buggenhout

Active

Raymond JONKERS

Director · since 01 novembre 2023

Active

Crixus Management

Director · since 01 août 2019 · 0675.482.165

Represented by Lorenzo Bongiovanni

Active

Ended mandates

SPRL VALOR MANAGEMENT

Manager · since 20 novembre 2018 · 0550.556.261

Represented by Emmanuelle ROULET

Ended

SPRL VALOR MANAGEMENT

Manager · since 28 octobre 2014 · until 20 novembre 2018 · 0550.556.261

Represented by Frédéric CONRADS

Ended

VALOR MANAGEMENT sprl

Manager · since 28 octobre 2014 · 0550.556.261

Represented by Frédéric CONRADS

Ended

Sonia Baily

Manager · since 18 décembre 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/09/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring06/03/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates09/11/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring12/07/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other03/03/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates20/11/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2019
DEMISSIONS, NOMINATIONS
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 2023161,4 k €↑
2022
Annual accounts 20227,6 k €↓
2021
Annual accounts 202114,2 k €↓
2020
Annual accounts 202029,4 k €↑
2019
Annual accounts 201927,7 k €↑
2018
Annual accounts 20181,2 k €↑
2017
Annual accounts 2017-8,4 k €↓
2016
Annual accounts 201640,6 k €↑
2015
Annual accounts 201514,9 k €↓
2015
Name changeHYGI PANEL
2014
Annual accounts 201433,2 k €↓
2013
Annual accounts 201336,5 k €↑
2012
Annual accounts 20123,7 k €↓
2011
Annual accounts 201140,3 k €↑
2010
Annual accounts 2010991 €↑
2009
Annual accounts 2009-7,2 k €↑
2008
Annual accounts 2008-65,1 k €↓
2007
Annual accounts 2007-8,2 k €
2007
Name changeNEW RAMIC
21/12/2006
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

HYGI PANEL

Overview

What does HYGI PANEL do?

Trend over 17 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