E-GAB
Open bankruptcyA bankruptcy procedure is open for E-GAB according to publications in the Belgian State Gazette; curator: SYLVIA LAGROU.
Summary
The 2023 annual accounts show equity of €1.6m and a net result of -€142,312.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 25 June 2024
- Supervising judge
- Joris Van den Bruel
- Official Gazette
- 02-07-2024 (pdf) ↗search the document for 2024/127361
Deadlines
- Provisional date payments stopped
- 25 June 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 July 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 July 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 31 July 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 25 June 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sylvia LagrouJozef Van Elewijckstraat 86 Bus 6, 1853 Strombeek-Beverkantoor@stradalegale.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-05-2023 was due by 31-12-2023 and was filed on 23-01-2024, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
23 d late
2022
20 d late
2021
54 d late
2020
4 d late
2019
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Other non-specialised retail sale sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€4.7m▼ 11.4%
2022 · €5.4m
EBIT margin
-2.7%▼ 11.8pp
2022 · 9.1%
Net result
-€142,312
2022 · €339,382
Working capital
€1.5m▼ 4.5%
2022 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€5.5m-€4.5m▼ 17.5%€4.8m▲ 6.7%€5.4m▲ 10.8%€4.7m▼ 11.4%
Operating result€365,318--€69,613€110,473€486,847▲ 341%-€126,681
Net result€289,662--€78,683below the sector's middle half€85,568within the sector's middle half€339,382above the sector's middle half▲ 297%-€142,312below the sector's middle half
EBIT margin6.7%--1.5%▼ 8.2pp2.3%▲ 3.8pp9.1%▲ 6.8pp-2.7%▼ 11.8pp
Equity€1.4m-€1.4mabove the sector's middle half▼ 5.5%€1.4mabove the sector's middle half▲ 6.3%€1.8mabove the sector's middle half▲ 23.6%€1.6mabove the sector's middle half▼ 8.0%
Total assets€2.2m-€2.1mabove the sector's middle half▼ 2.1%€1.9mwithin the sector's middle half▼ 12.8%€2.5mabove the sector's middle half▲ 33.6%€2.2mwithin the sector's middle half▼ 9.6%
Debt€751,097-€784,768▲ 4.5%€425,208▼ 45.8%€711,298▲ 67.3%€614,971▼ 13.5%
Working capital€725,789-€951,141above the sector's middle half▲ 31.0%€1.1mabove the sector's middle half▲ 18.6%€1.6mabove the sector's middle half▲ 38.2%€1.5mabove the sector's middle half▼ 4.5%
Solvency65.6%-63.3%above the sector's middle half▼ 2.3pp77.2%above the sector's middle half▲ 13.9pp71.4%above the sector's middle half▼ 5.8pp72.7%above the sector's middle half▲ 1.2pp
Current ratio2.20-2.67above the sector's middle half▲ 0.474.06above the sector's middle half▲ 1.393.24above the sector's middle half▼ 0.823.48above the sector's middle half▲ 0.24
Return on assets (ROA)13.3%--3.7%below the sector's middle half▼ 17.0pp4.6%within the sector's middle half▲ 8.3pp13.6%above the sector's middle half▲ 9.0pp-6.3%below the sector's middle half▼ 20.0pp
Staff (FTE)27.6-27.2above the sector's middle half▼ 1.4%27.1above the sector's middle half▼ 0.4%20.9above the sector's middle half▼ 22.9%21.2above the sector's middle half▲ 1.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result +297% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €126,681 after €486,847 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.2m
Fixed assets
€161,529 ▼ 31.1%
Current assets
€2.1m ▼ 7.4%
Equity and liabilities €2.2m
Equity
€1.6m ▼ 8.0%
Debt
€614,971 ▼ 13.5%
Debt's share of the balance-sheet total falls from 28.6% to 27.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17,834▼
2022 · €706,532
Cash flow
€2,203▼
2022 · €559,067
Quick ratio
2.51▲
2022 · 1.88
Debt to equity
0.38▼
2022 · 0.40
ROE
-8.7%▼
2022 · 19.1%
Interest coverage
1.14▼
2022 · 42.98
Debt ≤ 1 year
€599,977▼
2022 · €695,278
Staff costs
€1.1m▲
2022 · €932,910
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €5.5m | €4.5m | €4.8m | €5.4m | €4.7m | ▼ 11.4% |
| Non-recurring operating income76A | - | - | - | €111 | €1,610 | ▲ 1,349% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3.7m | €3.6m | ▼ 3.2% |
| Remuneration, social security and pensions62 | - | - | - | €932,910 | €1.1m | ▲ 18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €239,801 | €260,889 | €254,768 | €219,685 | €144,515 | ▼ 34.2% |
| Other operating charges640/8 | - | - | - | €7,593 | €27,665 | ▲ 264% |
| Gross operating margin9900 | - | - | - | €1.6m | €1.1m | ▼ 30.4% |
| Operating profit (loss)9901 | €365,318 | -€69,613 | €110,473 | €486,847 | -€126,681 | ▼ 126% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | €25 | €30 | €0 | - | - |
| Financial charges65/66B | - | - | - | €16,437 | €15,631 | ▼ 4.9% |
| Recurring financial charges65 | €16,471 | €9,412 | €15,502 | €16,437 | €15,631 | ▼ 4.9% |
| Debt charges650 | €6,200 | €3,721 | €2,612 | - | - | - |
| Profit (loss) for the period before taxes9903 | €348,847 | -€79,000 | €95,001 | €470,411 | -€142,312 | ▼ 130% |
| Income taxes67/77 | €59,185 | -€316 | €9,432 | €131,029 | - | - |
| Profit (loss) for the period9904 | €289,662 | -€78,683 | €85,568 | €339,382 | -€142,312 | ▼ 142% |
| Profit (loss) for the period to be appropriated9905 | €289,662 | -€78,683 | €85,568 | €339,382 | -€142,312 | ▼ 142% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.1m | €1.9m | €2.5m | €2.2m | ▼ 9.6% |
| Fixed assets21/28 | €851,404 | €615,022 | €366,822 | €234,379 | €161,529 | ▼ 31.1% |
| Tangible fixed assets22/27 | €850,899 | €614,092 | €365,892 | €233,449 | €160,807 | ▼ 31.1% |
| Plant, machinery and equipment23 | - | - | - | €167,020 | €108,972 | ▼ 34.8% |
| Furniture and vehicles24 | - | - | - | €66,429 | €51,835 | ▼ 22.0% |
| Financial fixed assets28 | €505 | €930 | €930 | €930 | €722 | ▼ 22.4% |
| Current assets29/58 | €1.3m | €1.5m | €1.5m | €2.3m | €2.1m | ▼ 7.4% |
| Stocks and contracts in progress3 | €988,278 | €1.0m | €897,422 | €946,212 | €582,119 | ▼ 38.5% |
| Stocks30/36 | - | - | - | €946,212 | €582,119 | ▼ 38.5% |
| Amounts receivable within one year40/41 | €35,812 | €306,371 | €275,413 | €989,628 | €1.3m | ▲ 27.7% |
| Trade receivables40 | - | - | - | €9,628 | €3,511 | ▼ 63.5% |
| Other amounts receivable41 | - | - | - | €980,000 | €1.3m | ▲ 28.6% |
| Cash at bank and in hand54/58 | €232,262 | €158,379 | €249,254 | €242,676 | €165,211 | ▼ 31.9% |
| Deferred charges and accrued income490/1 | - | - | - | €75,462 | €77,108 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €1.9m | €2.5m | €2.2m | ▼ 9.6% |
| Equity10/15 | €1.4m | €1.4m | €1.4m | €1.8m | €1.6m | ▼ 8.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €1.1m | €1.1m | = |
| Capital10 | - | - | - | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | = |
| Outside capital11 | - | - | - | €1.1m | €1.1m | = |
| Share premium1100/10 | - | - | - | €1.1m | €1.1m | = |
| Reserves13 | - | - | €4,278 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €289,584 | €210,901 | €292,190 | €629,701 | €487,388 | ▼ 22.6% |
| Amounts payable17/49 | €751,097 | €784,768 | €425,208 | €711,298 | €614,971 | ▼ 13.5% |
| Amounts payable after more than one year17 | €146,401 | €94,152 | €40,780 | - | - | - |
| Amounts payable within one year42/48 | €604,696 | €570,715 | €368,408 | €695,278 | €599,977 | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €40,780 | - | - |
| Trade debts44 | €103,018 | €154,549 | €95,714 | €332,424 | €191,999 | ▼ 42.2% |
| Suppliers440/4 | - | - | - | €332,424 | €191,999 | ▼ 42.2% |
| Taxes, remuneration and social security45 | - | - | - | €322,074 | €407,241 | ▲ 26.4% |
| Taxes450/3 | - | - | - | €175,404 | €215,347 | ▲ 22.8% |
| Remuneration and social security454/9 | - | - | - | €146,670 | €191,894 | ▲ 30.8% |
| Other amounts payable47/48 | - | - | - | - | €738 | - |
| Accrued charges and deferred income492/3 | - | - | - | €16,020 | €14,994 | ▼ 6.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €289,662 | -€78,683 | €85,568 | €339,382 | -€142,312 | ▼ 142% |
| + Depreciation and write-downs630 | €239,801 | €260,889 | €254,768 | €219,685 | €144,515 | ▼ 34.2% |
| Operating cash flow (approximation) | €529,463 | €182,206 | €340,336 | €559,067 | €2,203 | ▼ 99.6% |
| Investment in fixed assets (approximation) | - | -€24,507 | -€6,568 | -€87,242 | -€71,665 | ▲ 17.9% |
| Change in cash | - | -€73,883 | €90,875 | -€6,578 | -€77,464 | ▼ 1,078% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
02-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 25-06-2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-05
Financial
Weakest financial yearnet -€142,312
Net result drops to -€142,312, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 20 days late
2022
31-05
Financial
Highest result since 2019net €339,382 ▲297%
Operating result €486,847, net result €339,382, both a record.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 54 days late
2021
31-05
Financial
Back to profitnet €85,568
Net result €85,568 after one loss-making year.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ternat · 6 establishment units since 2011
Ground area
2.0 ha
Building footprint
1.5 ha
Volume, LiDAR
260,994 m³
6 parcels, Flanders · tallest building 29.3 m, ±7 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
6 establishment units
EGAB Retail
since 20112.202.021.150
Scotch & Soda Oostende
since 20152.243.406.201
S&S Nieuwpoort
since 20152.246.115.370
Scotch & Soda Kortrijk
since 20152.246.680.346
Scotch & Soda Knokke
since 20152.246.680.445
Scotch & Soda Brugge
since 20152.246.680.544
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H1142/00X000 | Flanders | 1.4 ha | 1 · 1.1 ha | 28.9 m · 6 fl. |
| 23086A0480/00Z000 | Flanders | 3,080 m² | 1 · 251 m² | 15.4 m · 4 fl. |
| 38402D0006/00B000 | Flanders | 1,260 m² | 1 · 1,576 m² | 29.3 m · 7 fl. |
| 31804D0642/00L000 | Flanders | 842 m² | 1 · 729 m² | 17.0 m · 4 fl. |
| 31013C0586/00L000 | Flanders | 653 m² | 1 · 651 m² | 23.4 m · 7 fl. |
| 35013A0125/00G000 | Flanders | 176 m² | 1 · 176 m² | 19.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SYLVIA LAGROU JOZEF VAN ELEWIJCKSTRAAT 86
BUS 6, 1853 STROMBEEK-BEVER |
25-06-2024 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- S&S Europe BVNL
- S&S Belux
- E-GAB
Highest known parent: S&S Europe BV (Netherlands). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-05-2023 list no holdings, and no other source names one.
According to the annual accounts to 31-05-2023 of E-GAB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 696 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-09-2011
Fiscal year end31-05
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47519Retail trade
47711Retail sale of women's outerwear
47712Retail trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.