E5-MODE
Inactive1 interim measureInactive. The last annual accounts are for financial year 2020.
Summary
E5-MODE was declared bankrupt on 19-02-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde). The bankruptcy was closed by liquidation by judgment of 06-07-2023, published in the Belgian Official Gazette on 13-07-2023.
Overview
Overview
Official details
Source: KBO- Status
- Inactive bankruptcy closed on 06-07-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 29 February
- Peppol
- Not found in the Peppol Directory
Board and ownership
Shareholders
- Feniks Holdingconsolidatesannual accounts 29-02-2020
Financial position
No score
Annual accounts to 29-02-2020
- Turnover
- €79.9m
- ▲ 4.3%
- Loss
- €5.5m
- ▼ 23.4%
- Equity
- -€4.4m
- Total assets
- €22.7m
- ▼ 3.4%
- Staff
- 401.5 FTE
- ▲ 3.6%
Financials
Financials · financial year 2020, full format
2020 annual accounts filed 43 days after the deadline Filed on 12 November 2020, deadline 30 September 2020 (7 months after the close on 29 February 2020, Companies Code art. 3:10). Source: NBB, 2020-70100412.
Annual accounts 2020 filed on 12-11-2020 PDF all 52 filings
Turnover
€79.9m▲ 4.3%
2019 · €76.7m
EBIT margin
-6.4%▲ 2.6pp
2019 · -9.0%
Net result
-€5.5m▲ 23.4%
2019 · -€7.1m
Working capital
-€7.4m▼ 98.8%
2019 · -€3.7m
Multi-year overview
2019 to 2020, 2 financial yearsTurnover
€79.9m
▲ 4.3%
2020
20192020
Operating result
-€5.1m
▲ 25.8%
2020
20192020
Net result
-€5.5m
▲ 23.4%
2020
20192020
EBIT margin
-6.4%
▲ 2.6pp
2020
20192020
Equity
-€4.4m
2020
20192020
Total assets
€22.7m
▼ 3.4%
2020
20192020
Debt
€25.5m
▲ 13.9%
2020
20192020
Working capital
-€7.4m
▼ 98.8%
2020
20192020
Staff (FTE)
401.5
▲ 3.6%
2020
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Turnover€76.7m-€79.9m▲ 4.3%
Operating result-€6.9m--€5.1m▲ 25.8%
Net result-€7.1m--€5.5m▲ 23.4%
EBIT margin-9.0%--6.4%▲ 2.6pp
Equity€1.1m--€4.4m
Total assets€23.5m-€22.7m▼ 3.4%
Debt€22.4m-€25.5m▲ 13.9%
Working capital-€3.7m--€7.4m▼ 98.8%
Staff (FTE)387.6-401.5▲ 3.6%
The operating result for 2020 is a loss of €5.1m, smaller than the loss of €6.9m in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €22.7m
Fixed assets
€5.1m ▼ 1.6%
Current assets
€17.6m ▼ 3.9%
Equity and liabilities
Equity-€4.4m
Debt€25.5m
Equity is negative. Debt (€25.5m) exceeds the balance-sheet total (€22.7m).
Key figures and ratios
EBITDA
-€3.4m▲
2019 · -€4.9m
Cash flow
-€3.7m▲
2019 · -€5.1m
Solvency
-19.3%▼
2019 · 4.6%
Current ratio
0.70▼
2019 · 0.83
Quick ratio
0.11▲
2019 · 0.10
ROA
-24.0%▲
2019 · -30.3%
Interest coverage
-21.18▲
2019 · -71.01
Debt ≤ 1 year
€25.0m▲
2019 · €22.1m
Income taxes
€6,618▲
2019 · €6,361
Customer credit
4 days▲
2019 · 3 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Revenue breakdown
By activity 2020
- Winkelverkopen €77,978,99897.5%
- Online Verkopen €1,962,2452.5%
Total €79,941,243
Source: 2020 accounts, page 22, filing 2020-70100412
By geographic market 2020
- Omzet België €79,901,16599.9%
- Omzet Europa €40,0780.1%
Total €79,941,243
Source: 2020 accounts, page 22, filing 2020-70100412
All years (2014 to 2020)
By activity
| By activity | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Winkelverkopen | €93,582,218 | €89,106,454 | €89,978,684 | €80,970,963 | €82,486,952 | €75,465,170 | €77,978,998 |
| Online Verkopen | €835,416 | €793,488 | €1,230,718 | €1,371,614 | €1,161,395 | €1,209,936 | €1,962,245 |
| Total | €94,417,635 | €89,899,942 | €91,209,402 | €82,342,577 | €83,648,347 | €76,675,106 | €79,941,243 |
By geographic market
| By geographic market | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Omzet België | - | - | - | - | €82,887,000 | €76,650,748 | €79,901,165 |
| Omzet Europa | - | - | - | - | €761,347 | €24,358 | €40,078 |
| BE | €94,210,383 | €89,801,238 | €91,170,379 | €82,303,927 | - | - | - |
| NL | €204,718 | €84,000 | €30,405 | €27,007 | - | - | - |
| FR | €1,830 | €12,361 | €7,467 | €10,609 | - | - | - |
| DE | €462 | €914 | €269 | €553 | - | - | - |
| LU | €174 | €238 | €777 | €481 | - | - | - |
| GB | €68 | €1,192 | €105 | €0 | - | - | - |
| Total | €94,417,635 | €89,899,942 | €91,209,402 | €82,342,577 | €83,648,347 | €76,675,106 | €79,941,243 |
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €76.7m | €79.9m | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.7m | ▼ 12.9% |
| Operating profit (loss)9901 | -€6.9m | -€5.1m | ▲ 25.8% |
| Recurring financial income75 | €0.03m | €0.04m | ▲ 34.2% |
| Recurring financial charges65 | €0.3m | €0.4m | ▲ 48.3% |
| Debt charges650 | €0.07m | €0.2m | ▲ 131% |
| Profit (loss) for the period before taxes9903 | -€7.1m | -€5.5m | ▲ 23.4% |
| Income taxes67/77 | €0.006m | €0.007m | ▲ 4.0% |
| Profit (loss) for the period9904 | -€7.1m | -€5.5m | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | -€7.1m | -€5.5m | ▲ 23.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €23.5m | €22.7m | ▼ 3.4% |
| Fixed assets21/28 | €5.2m | €5.1m | ▼ 1.6% |
| Intangible fixed assets21 | €0.7m | €1.7m | ▲ 160% |
| Tangible fixed assets22/27 | €4.5m | €3.4m | ▼ 24.9% |
| Financial fixed assets28 | €0.03m | €0.03m | = |
| Current assets29/58 | €18.3m | €17.6m | ▼ 3.9% |
| Stocks and contracts in progress3 | €16.1m | €14.9m | ▼ 7.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.8m | ▲ 56.1% |
| Cash at bank and in hand54/58 | €0.9m | €0.7m | ▼ 14.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €23.5m | €22.7m | ▼ 3.4% |
| Equity10/15 | €1.1m | -€4.4m | - |
| Contributions10/11 | €4.8m | €4.8m | = |
| Reserves13 | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | -€4.9m | -€10.4m | ▼ 111% |
| Provisions and deferred taxes16 | €0.1m | €1.7m | ▲ 16× |
| Amounts payable17/49 | €22.4m | €25.5m | ▲ 13.9% |
| Amounts payable within one year42/48 | €22.1m | €25.0m | ▲ 13.4% |
| Trade debts44 | €14.5m | €17.6m | ▲ 21.6% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€7.1m | -€5.5m | ▲ 23.4% |
| + Depreciation and write-downs630 | €2.0m | €1.7m | ▼ 12.9% |
| Operating cash flow (approximation) | -€5.1m | -€3.7m | ▲ 27.4% |
| Investment in fixed assets (approximation) | - | -€1.6m | - |
| Change in cash | - | -€0.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 52 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 29-02-2020 | full format | 12-11-2020 | 2020-70100412 | |
| 28-02-2019 | full format | 14-01-2020 | 2020-01000463 | |
| 28-02-2018 | full format | 17-09-2018 | 2018-64000281 | |
| 28-02-2017 | full format | 31-10-2017 | 2017-69100534 | |
| 29-02-2016 | full format | 18-10-2016 | 2016-65800258 | |
| 28-02-2015 | full format | 02-09-2015 | 2015-57100228 | |
| 28-02-2014 | full format | 22-09-2014 | 2014-59200529 | |
| 28-02-2013 | full format | 23-09-2013 | 2013-59100305 | |
| 29-02-2012 | full format | 27-09-2012 | 2012-57700506 | |
| 28-02-2011 | full format | 22-09-2011 | 2011-55000459 |
Board & ownership
Directors
Directors
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Marga Pieters Affligemdreef 144, 9300 Aalst |
19-02-2021 → 06-07-2023 |
| Trustee | Jozef Dauwe Grote Markt 19, 9200 Dendermonde |
19-02-2021 → 06-07-2023 |
| Trustee | Juul
creytens Leopoldlaan 15, 9200 Dendermonde |
19-02-2021 → 06-07-2023 |
Owners and capital
Shareholders
1 ownerChain of control
- Feniks Holding
- E5-MODE
Owners 1
- Feniks Holdingconsolidating parentEquity €406,707 Profit of €2,683 in 2026 (profit of €60,197 in 2025)consolidates
Owners through the years 2006 to 2020
| Name | 2006 | 2007 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feniks Holding | consolidates | |||||||||||||
| SHOPINVEST | 100% | 99.99% | 49.99% | |||||||||||
Source: parent in its own accounts, lists of holdings in the owners' accounts
Network & group
Holdings through the years
2007 to 2013Parent company per the LEI register
Parent company:
none declared
Own declaration in the LEI register: 549300Y08U4FHFW0YH66 · LEI lapsed
Connections & network
The network starts from the shareholders of E5-MODE. Every company they also own or run is a node.
This company
Company
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Shareholding
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Timeline
Deeds, filings and financial milestones
2023
13-07
Bankruptcy
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Dendermonde division · judgment of 06-07-2023
2021
25-02
Bankruptcy
Bankruptcy declared
Enterprise Court of Ghent, Dendermonde division · judgment of 19-02-2021
24-02
Judicial reorganisation
Reorganisation procedure closed
Enterprise Court of Ghent, Dendermonde division · judgment of 19-02-2021
04-02
Interim measure
Suspension extended
Enterprise Court of Ghent
2020
12-11
full format · 43 days late
02-07
Judicial reorganisation
Plan homologation
Enterprise Court of Ghent · judgment of 29-06-2020
06-04
Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Ghent · collective agreement · judgment of 30-03-2020
14-01
full format · 106 days late
2018
17-09
full format · 13 days before the deadline
2017
31-10
full format · 31 days late
2016
18-10
full format · 18 days late
2015
02-09
full format · 28 days before the deadline
Show earlier events
2014
22-09
full format · 8 days before the deadline
2013
23-09
full format · 7 days before the deadline
2012
27-09
full format · 3 days before the deadline
16-07
Gazette deed
Capital & shares · Restructuring
2011
22-09
full format · 8 days before the deadline
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
E5-MODE is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 29 February 2020
- Last registered office
- Hoogkamerstraat 1, 9100 Sint-Niklaasas published on 18 March 2021
- Legal form
- Public limited company
- First annual accounts
- financial year 1977