EXIT TWENTY
A bankruptcy procedure is open for EXIT TWENTY according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €763k and a net result of €-271k.
| Equity | €763k |
| Net result | €-271k |
| Staff (FTE) | 12.2 |
| Better than sector | 80% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 63.7% | 26.3% | |
| Net result | €-271k | €23k | |
| Equity | €763k | €148k | |
| Gross operating margin | €506k | €178k | |
| Staff costs | €724k | €155k |
Show 13 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | €1.88M |
| EBITDA | €-261k |
| Net profit | €-271k |
| Cash flow | €-268k |
| Staff costs | €724k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €1.20M |
| Equity | €763k |
| Debt | €434k |
| of which ≤ 1y | €434k |
| of which > 1y | - |
| Working capital | €723k |
| Employees (FTE) | 12.2 |
| 2023 | |
|---|---|
| Current ratio | 2.67 |
| Quick ratio | 2.35 |
| Working capital ratio | 60.4% |
| Solvency | 63.7% |
| Debt / equity | 0.57 |
| Long-term debt ratio | - |
| Interest coverage | -40.19 |
| Gross margin | 26.5% |
| Net margin | -14.5% |
| ROA | -22.6% |
| ROE | -35.5% |
| EBITDA margin | -13.9% |
| Days sales outstanding | 179d |
| Days payable outstanding | 42d |
| Inventory turnover | 9.93 |
| Days inventory (DSI) | 37d |
Full annual accounts (24 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.20M |
| Fixed assets | 21/28 | €40k |
| Tangible fixed assets | 22/27 | €9k |
| Financial fixed assets | 28 | €31k |
| Current assets | 29/58 | €1.16M |
| Stocks & contracts in progress | 3 | €139k |
| Amounts receivable within one year | 40/41 | €970k |
| Cash & bank | 54/58 | €47k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.20M |
| Equity | 10/15 | €763k |
| Contributions / capital | 10/11 | €243k |
| Reserves | 13 | €428k |
| Accumulated profits (losses) | 14 | €92k |
| Amounts payable | 17/49 | €434k |
| Amounts payable within one year | 42/48 | €434k |
| Trade debts payable within one year | 44 | €160k |
| Income statement | ||
| Turnover | 70 | €1.88M |
| Gross operating margin | 9900 | €506k |
| Operating result | 9901 | €-264k |
| Financial charges | 65 | €6k |
| Result before taxes | 9903 | €-270k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €-271k |
| Result to be appropriated | 9905 | €-271k |
-
Thomas BervoetsDirectorState Gazette act 21021034 (17-02-2021)Current17-02-2021 → present
2 events
- 22-06-2023 Resigned· Director
- 17-02-2021 Appointed· Director
Historic, not recently confirmed (4)
-
Frederick LuckoffDirectorState Gazette act 19154648 (27-11-2019)Not recently confirmedlast confirmed in an act from 2019
-
Alain BroekaertManaging directorState Gazette act 18183531 (24-12-2018)Not recently confirmedlast confirmed in an act from 2018
4 events
- 22-06-2023 Resigned· Director
- 24-12-2018 Resigned· Director
- 24-12-2018 Appointed· Managing director
- 26-03-2018 Appointed· Director
-
GAB MANAGEMENT BVBALegal entityManaging directorState Gazette act 15130018 (14-09-2015)Not recently confirmedlast confirmed in an act from 2015
-
JHO INVEST BVBALegal entityDirectorState Gazette act 15130018 (14-09-2015)Not recently confirmedlast confirmed in an act from 2015
Permanent representatives (1)
-
Ken SnoeksVertegenwoordiger (commissaris)State Gazette act 23360153 (22-06-2023)Permanent representative22-06-2023 → present
Former directors (6)
-
GAB Management BVLegal entityDirectorState Gazette act 23101754 (07-08-2023)Former- → 07-08-2023
-
S&S Belux NVLegal entityDirectorState Gazette act 23101754 (07-08-2023)Former- → 07-08-2023
-
Patrick KroonDirectorState Gazette act 19154648 (27-11-2019)Former27-11-2019 → 17-02-2021
2 events
- 17-02-2021 Resigned· Director
- 27-11-2019 Appointed· Director
-
Dirk-Jan StoppelenburgDirectorState Gazette act 18183531 (24-12-2018)Former24-12-2018 → 27-11-2019
2 events
- 27-11-2019 Resigned· Director
- 24-12-2018 Appointed· Director
-
Geert van lwaardenDirectorState Gazette act 18183531 (24-12-2018)Former24-12-2018 → 27-11-2019
2 events
- 27-11-2019 Resigned· Director
- 24-12-2018 Appointed· Director
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Callens, Vandelanotte & Theunissen BVCurrent Statutory auditor |
- | 22-06-2023 → present |
Show 3 earlier auditors
| Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V. Statutory auditor succeeded by Callens, Vandelanotte & Theunissen BV in 2023 |
- | 06-11-2017 → 22-06-2023 |
| CVBA Callens, Pirenne, Theunissen & Co Commissaris revisor succeeded by Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V. in 2017 |
- | 14-09-2015 → 06-11-2017 |
| Ken Snoeks Statutory auditor succeeded by Callens, Vandelanotte & Theunissen BV in 2023 |
- | 06-11-2017 → 22-06-2023 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | SYLVIA LAGROU JOZEF VAN ELEWIJCKSTRAAT 86
BUS 6, 1853 STROMBEEK-BEVER |
25-06-2024 → present | Belgian State Gazette |
| NACE primary | Groothandel in kleding, met uitzondering van werk- en onderkleding(46423) |
| Legal form | Public limited company(014) |
| Incorporation | 15-07-1988 |
| Status | Active |
| Postal code | 8791 |
| First BS signal | 02-07-2024 |
| Latest BS signal | 02-07-2024 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013C0250/00C000 | Flanders | 9.9 ha | 1 · 1,647 m² | 15.0 m · 3 fl. |
| 23086A0480/00Z000 | Flanders | 3,080 m² | 1 · 251 m² | 15.4 m · 4 fl. |
| 34006B0539/00M005 | Flanders | 629 m² | 1 · 625 m² | 11.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-08-2023 2 resigning
- GAB Management BV, Bestuurder
- S&S Belux NV, Bestuurder
Technical details
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}22-06-2023 2 directors appointed, 2 resigning
- Callens, Vandelanotte & Theunissen BV, Commissaris
- Ken Snoeks, Vertegenwoordiger (commissaris)
- BROEKAERT Alain, Bestuurder
- BERVOETS Thomas, Bestuurder
Technical details
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}17-02-2021 1 director appointed, 1 resigning
- Thomas Bervoets, Bestuurder
- Patrick Kroon, Bestuurder
Technical details
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}01-07-2020 2 directors appointed
- Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V., Commissaris
- Ken Snoeks, Commissaris
Technical details
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}27-11-2019 2 directors appointed, 2 resigning
- Frederick Luckoff, Bestuurder
- Patrick Kroon, Bestuurder
- Dirk-Jan Stoppelenburg, Bestuurder
- Geert van lwaarden, Bestuurder
Technical details
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}31-01-2019 Capital increase of €6,304,210.64 to €6,814,210.64
- €510.000 → €6.814.210,64
- Inbreng in natura · Apport en nature
Technical details
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}24-12-2018 3 directors appointed, 1 resigning
- Dirk-Jan Stoppelenburg, Bestuurder
- Geert van lwaarden, Bestuurder
- Alain Broekaert, Gedelegeerd bestuurder
- Alain Broekaert, Bestuurder
Technical details
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}15-06-2018 Publication in the Belgian Official Gazette, Minor change
Technical details
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"firm_city": null,
"firm_name": null,
"office_city": "Halle",
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"act_meta": {
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"pub_date": "2018-06-15",
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},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2018-05-29",
"unanimous": true
},
"agm_change": {
"new_schedule": "vierde dinsdag van november om 17u",
"old_schedule": "vierde dinsdag van november om 17u",
"effective_from_year": 2018,
"rule_changes_summary": null
},
"detected_kind": "fiscal_year_change",
"other_address": {
"action": "modified",
"purpose": "other",
"address_new": "te 8791 WAREGEM (Beveren-Leie), Kortrijkseweg, 78.",
"address_old": "te 8791 WAREGEM (Beveren-Leie), Kortrijkseweg, 78.",
"effective_date": "2018-05-31",
"effective_date_is_approximate": false
},
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"fiscal_year_change": {
"new_end_mm_dd": "31-12",
"old_end_mm_dd": "31-05",
"new_start_mm_dd": "01-06",
"old_start_mm_dd": "01-01",
"first_full_new_year": 2019,
"transition_period_end": "2018-05-31"
},
"liquidation_closure": {
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"officer_designation": {
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"special_procuration": {
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"scope_summary": null,
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"scope_categories": [],
"termination_clause": null,
"substitution_allowed": false
},
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": {
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"should_reroute_to_category": null,
"single_shareholder_declaration": null
}26-03-2018 1 director appointed, 1 resigning
- Alain Broekaert, Bestuurder
- Frank BAMELIS, Bestuurder
Technical details
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}06-11-2017 2 directors appointed
- Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V., Commissaris revisor
- Ken Snoeks, Commissaris revisor
Technical details
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}29-12-2016 Articles of association amended
Technical details
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}14-09-2015 3 directors appointed
- CVBA Callens, Pirenne, Theunissen & Co, Commissaris revisor
- GAB MANAGEMENT BVBA, Gedelegeerd bestuurder
- JHO INVEST BVBA, Bestuurder
Technical details
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}| Legal nameNL | EXIT TWENTY |