Losses
-€8.9m in six years
Every financial year from 2018 to 2023 closed with a loss. 2021 was the heaviest.
CASSIS
Information for creditors
Enterprise Court of Walloon Brabant · Official Gazette of 31-05-2024Appeal or third-party opposition 15-06-2024Filing the claim in RegSol 26-06-2024First verification report 09-07-2024Late claim 27-05-2025
Trustee: Marc-Alain Speidel. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Lifetime
6 annual accounts with figures on one time axispeak €26.1m (2019)
€20.0m▲ 16.6%
lowest -€3.2m (2021)
-€1.5m▼ €753,750
peak -€88,552 (2018)
-€8.4m▼ €1.5m
€15.6m▼ 13.5%
peak 105.2 FTE (2019)
55.4 FTE▲ 0.2%
Board7 names since 2017
3 directorsMISOHAMA and 2 others
Owners2 names in the annual accounts
99.9%M.G. FINANCES and 1 other
Documentsfilings and deeds
31-08-2023on the last day
2023financial year
Turnover from €17.1m to €20.0mLoss of €1.5m1 director appointed, 2 reappointments 06-121 director resigning 30-08New managing director 27-06New managing director 27-06
Key points
from the 2023 annual accounts, the last ones filedDebts
€15.6m 214% of the balance sheet
Suppliers 23%Taxes and wages 3%Other 75%
Of this, €15.5m falls due within a year. The annual accounts state €42,292 of overdue tax debts and €35,863 of overdue social security (RSZ) debts on 31-01-2023.
Staff
55.4 FTE from 105.2 in 2019
Between 2019 and 2023, 47% of the full-time equivalents disappeared.
Payment terms
68 days to suppliers
CASSIS pays its suppliers 57 days earlier than in 2022. Customers pay 81 days earlier.
Filings
6 annual accounts 4 late
The 2020 accounts came latest: 346 days after the end of the period.
Final months
105 days from reorganisation to bankruptcy
No score
Board and ownership
PS
Prospheres SAS
Managing director, Gil GUIBERT
GS
GAREO SARL
Director, since 18-03-2023
- M.G. FINANCES 99.9%bankrupt since 27-05-2024equity €24.7m (2023) · annual accounts 31-01-2023
- MISOHAMA 0.1%equity €20.7m (2023) · annual accounts 31-01-2023
Recent changes
Supervising judge replaced
Enterprise Court of Walloon Brabant · judgment of 22-07-2026 · Bankruptcy
Bankruptcy published
Enterprise Court of Walloon Brabant · judgment of 27-05-2024 · Bankruptcy
Resignation: NAXIVAL (director)
Permanent representative: VAN BEEK Bernard · Director discharge: NAXIVAL · General meeting of 10-12-2024 · Gazette deed
Amendment of the articles · Resignations & appointments
Gazette deed
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 27-05-2024
- Activity
- Retail sale of women's outerwearNACE 47711
- Joint committee
- 311Large retail businesses · annual accounts 31-01-2023
- Establishment units
- 2.266.402.1292110 Wijnegem, since 01-08-2017
- 2.266.402.2288500 Kortrijk, since 01-08-2017and 10 others
- Financial year end
- 31 January
- Peppol
- Not found in the Peppol Directory
Annual accounts to 31-01-2023
- €7.3m▼ 35.2%
- Employeeson 31-01-2023
- 75▼ 3.8%
- Filing
- Filed on 31-08-2023
Insights on CASSIS
CASSIS reached its highest turnover since 2018 in 2019: €26.1m. A year later it was €23.8m, and in 2021 still €12.8m.
On 12 February 2024 the court opened a judicial reorganisation. 105 days later came the bankruptcy. Parent company M.G. FINANCES went bankrupt the same day.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CASSIS
- What is the company number of CASSIS?
- The company number of CASSIS is 0676.848.776. The VAT number is the same number with BE in front: BE 0676.848.776.
- Where was CASSIS based?
- The last known address of the registered office is Parc Industriel (W-B) 9, 1440 Braine-le-Château.Company details
- What does CASSIS do?
- According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
- What is the legal form of CASSIS?
- CASSIS is a public limited company (NV).
- When was CASSIS founded?
- CASSIS was founded on 15-06-2017.
- Is CASSIS still active?
- A bankruptcy is running. A bankruptcy trustee manages the company.
- How many employees did CASSIS have?
- CASSIS had an average of 55.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does CASSIS fall under?
- In its 31-01-2023 annual accounts, CASSIS states joint committee 311 (Large retail businesses).
- What is the turnover of CASSIS?
- The turnover of CASSIS was €20.0m in financial year 2023, according to the filed annual accounts.
- Is CASSIS profitable?
- In financial year 2023, CASSIS made a loss of €1.5m.
- Where can I find the annual accounts of CASSIS?
- CASSIS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2023.
Next steps
See what became of the directors' other companies.Supplier due diligence See who ran this company and where its registered office was, on a date of your choice.Company as of a date Find how this company is connected to another party.Network investigator See the other companies in the same group.MISOHAMA · 10 companies Check your own customer list for customers at risk.Process a list See how the retail sale of women's outerwear sector is doing.Sector figures