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EXIT TWENTY

Open bankruptcy
Public limited companyfounded 1988Kortrijkseweg 78, 8791 Waregem, BelgiumKBO/BCE: BE 0434.844.466

A bankruptcy procedure is open for EXIT TWENTY according to publications in the Belgian State Gazette; curator: SYLVIA LAGROU.

Summary

The 2023 annual accounts show equity of €763,318 and a net result of -€271,236.

EXIT TWENTYOpen bankruptcy

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 2024/127360

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

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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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Overview

What they do
Wholesale of clothing, excluding workwear and underwear
NACE 46423
3 sites
How big
€1.9mturnover 2023
Staff
12.2 FTE
Equity
€763,318
Loss
-€271,236
Financially healthy?
Open bankruptcy: no score
Who decides
Parent
S&S Belux · 100%
Accounts 640 d overdue0 of 15 deeds read
Signals- Open bankruptcyFiled after the deadlineShow the evidence

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-05-2023 was due by 31-12-2023 and was filed on 15-01-2024, 15 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 filings
Deviation from the deadline
2023
15 d late
2022
20 d late
2021
54 d late
2020
4 d late
2019
13 d early
2018
90 d early
2017
12 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. OpeningOndernemingsrechtbank Brussel · event 25-06-2024
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: Declared bankrupttrustee: Sylvia Lagrou 25-06-2024 View
  • Caution: From profit to loss in 2023after €147,281 in 2022 -€271,236 View
  • Controlled by S&S Beluxknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2023
Turnover
€1.9m
Loss
-€271,236
Solvency
63.7%
Turnover▼ 8.7%
Net result
20192023
Go to Financials

Timeline

Events
15
Since
2016
  1. 02-07-2024Opening
  2. 05-04-2024Annual accounts filed
  3. 15-01-2024Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Wholesale of clothing, excluding workwear and underwearNACE 46423
Founded
15-07-1988
Year ends
31-05
Peppol
Not found in the Peppol directory
Go to Company details

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