Active BE 0839.007.933Public limited companyOpen bankruptcy

E-GAB

Assesteenweg 96 ·1740 Ternat, Belgium· 14 yrs active

Sector: Retail trade (47120)

Conclusion Checked

A bankruptcy procedure is open for E-GAB according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €1.63M and a net result of €-142k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€1.63M
Net result	€-142k
Staff (FTE)	21.2
Better than sector	94%

Snowflake analysis 5 axes · computed by Checked

29 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 4

Solvency 100

Growth 42

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 23-01-2024 with the NBB · fiscal year 2023 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47 — Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	72.7%	10.3%	better than 94% of 121 sector peers
Net result	€-142k	€7k	better than 9% of 121 sector peers
Equity	€1.63M	€38k	better than 95% of 121 sector peers
Gross operating margin	€1.15M	€146k	better than 95% of 121 sector peers
Staff costs	€1.10M	€150k	higher than 95% of 78 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€4.75M

-11.4% 19–23

EBITDA

€18k

-97.5% 19–23

Net profit

€-142k

— 19–23

Cash flow

€2k

-99.6% 19–23

Total assets

€2.25M

-9.6% 19–23

Equity

€1.63M

-8.0% 19–23

Working capital

€1.49M

-4.5% 19–23

Employees (FTE)

21

+1.4% 19–23

Staff costs

€1.10M

+18.0% 19–23

Income taxes

€131k

+1289.1% 19–23

Debt

€615k

-13.5% 19–23

Debt ≤ 1y

€600k

-13.7% 19–23

Debt > 1y

€41k

-56.7% 19–23

Current ratio

3.48

+7.4% 19–23

Quick ratio

2.51

+33.5% 19–23

Solvency

72.7%

+1.7% 19–23

Debt / equity

0.38

-6.0% 19–23

ROE

-8.7%

— 19–23

ROA

-6.3%

— 19–23

Net margin

-3.0%

— 19–23

EBITDA margin

0.4%

-97.2% 19–23

Interest coverage

1.14

-97.3% 19–23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	€4.75M
EBITDA	€18k
Net profit	€-142k
Cash flow	€2k
Staff costs	€1.10M
Income taxes	—
Dividends	—
Total assets	€2.25M
Equity	€1.63M
Debt	€615k
of which ≤ 1y	€600k
of which > 1y	—
Working capital	€1.49M
Employees (FTE)	21.2

Ratios (computed)

	2023
Current ratio	3.48
Quick ratio	2.51
Working capital ratio	66.2%
Solvency	72.7%
Debt / equity	0.38
Long-term debt ratio	—
Interest coverage	1.14
Gross margin	23.8%
Net margin	-3.0%
ROA	-6.3%
ROE	-8.7%
EBITDA margin	0.4%
Days sales outstanding	0d
Days payable outstanding	19d
Inventory turnover	6.21
Days inventory (DSI)	59d

Balance-sheet composition 2023

Assets

Fixed assets €162k · 7.2% Current assets €2.09M · 92.8%

Equity & liabilities

Equity €1.63M · 72.7% Debt €615k · 27.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet — Assets
TOTAL ASSETS	20/58	€2.25M
Fixed assets	21/28	€162k
Tangible fixed assets	22/27	€161k
Financial fixed assets	28	€722
Current assets	29/58	€2.09M
Stocks & contracts in progress	3	€582k
Amounts receivable within one year	40/41	€1.26M
Cash & bank	54/58	€165k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.25M
Equity	10/15	€1.63M
Contributions / capital	10/11	€1.14M
Reserves	13	€6k
Accumulated profits (losses)	14	€487k
Amounts payable	17/49	€615k
Amounts payable within one year	42/48	€600k
Trade debts payable within one year	44	€192k
Income statement
Turnover	70	€4.75M
Gross operating margin	9900	€1.15M
Operating result	9901	€-127k
Financial charges	65	€16k
Result before taxes	9903	€-142k
Net result for the period	9904	€-142k
Result to be appropriated	9905	€-142k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	SYLVIA LAGROU JOZEF VAN ELEWIJCKSTRAAT 86 BUS 6, 1853 STROMBEEK-BEVER	25-06-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47120)
Legal form	Public limited company(014)
Incorporation	05-09-2011
Status	Active
Postal code	1740
First BS signal	02-07-2024
Latest BS signal	02-07-2024

Company structure — linked entities1 linked entities

Mandates

Establishment units 6 locations

EGAB Retail

Assesteenweg 96, 1740 TernatBemiddelingsactiviteiten in verband met de niet-gespecialiseerde detailhandel

since 20112.202.021.150

Scotch & Soda Oostende

Adolf Buylstraat 38, 8400 OostendeKleinhandel in kledingstoffen en meubileringstoffen

since 20152.243.406.201

S&S Nieuwpoort

Albert I laan 174, 8620 NieuwpoortKleinhandel in kledingstoffen en meubileringstoffen

since 20152.246.115.370

Scotch & Soda Kortrijk

Steenpoort(Kor) 2, 8500 KortrijkKleinhandel in kledingstoffen en meubileringstoffen

since 20152.246.680.346

Scotch & Soda Knokke

Lippenslaan 173, 8300 Knokke-HeistKleinhandel in kledingstoffen en meubileringstoffen

since 20152.246.680.445

Scotch & Soda Brugge

Noordzandstraat 21, 8000 BruggeKleinhandel in kledingstoffen en meubileringstoffen

since 20152.246.680.544

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

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.

Methodology

via registered seat: 1 · via establishment units: 5

6 of 6 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

02-07-2024

Bankruptcy Opening

Ondernemingsrechtbank Brussel · E-GAB NV ASSESTEENWEG 96, 1740 TERNAT · event 25-06-2024

23-01-2024