EXIT TWENTY
A bankruptcy procedure is open for EXIT TWENTY according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €763k and a net result of €-271k.
| Equity | €763k |
| Net result | €-271k |
| Staff (FTE) | 12.2 |
| Better than sector | 80% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 63.7% | 26.4% | |
| Net result | €-271k | €24k | |
| Equity | €763k | €157k | |
| Gross operating margin | €506k | €179k | |
| Staff costs | €724k | €155k |
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | €1.88M |
| EBITDA | €-261k |
| Net profit | €-271k |
| Cash flow | €-268k |
| Staff costs | €724k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €1.20M |
| Equity | €763k |
| Debt | €434k |
| of which ≤ 1y | €434k |
| of which > 1y | - |
| Working capital | €723k |
| Employees (FTE) | 12.2 |
| 2023 | |
|---|---|
| Current ratio | 2.67 |
| Quick ratio | 2.35 |
| Working capital ratio | 60.4% |
| Solvency | 63.7% |
| Debt / equity | 0.57 |
| Long-term debt ratio | - |
| Interest coverage | -40.19 |
| Gross margin | 26.5% |
| Net margin | -14.5% |
| ROA | -22.6% |
| ROE | -35.5% |
| EBITDA margin | -13.9% |
| Days sales outstanding | 179d |
| Days payable outstanding | 42d |
| Inventory turnover | 9.93 |
| Days inventory (DSI) | 37d |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.20M |
| Fixed assets | 21/28 | €40k |
| Tangible fixed assets | 22/27 | €9k |
| Financial fixed assets | 28 | €31k |
| Current assets | 29/58 | €1.16M |
| Stocks & contracts in progress | 3 | €139k |
| Amounts receivable within one year | 40/41 | €970k |
| Cash & bank | 54/58 | €47k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.20M |
| Equity | 10/15 | €763k |
| Contributions / capital | 10/11 | €243k |
| Reserves | 13 | €428k |
| Accumulated profits (losses) | 14 | €92k |
| Amounts payable | 17/49 | €434k |
| Amounts payable within one year | 42/48 | €434k |
| Trade debts payable within one year | 44 | €160k |
| Income statement | ||
| Turnover | 70 | €1.88M |
| Gross operating margin | 9900 | €506k |
| Operating result | 9901 | €-264k |
| Financial charges | 65 | €6k |
| Result before taxes | 9903 | €-270k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €-271k |
| Result to be appropriated | 9905 | €-271k |
-
Thomas BervoetsDirectorState Gazette act 21021034 (17-02-2021)Current17-02-2021 → present
2 events
- 22-06-2023 Resigned· Director
- 17-02-2021 Appointed· Director
Historic, not recently confirmed (4)
-
Frederick LuckoffDirectorState Gazette act 19154648 (27-11-2019)Not recently confirmedlast confirmed in an act from 2019
-
Alain BroekaertManaging directorState Gazette act 18183531 (24-12-2018)Not recently confirmedlast confirmed in an act from 2018
4 events
- 22-06-2023 Resigned· Director
- 24-12-2018 Resigned· Director
- 24-12-2018 Appointed· Managing director
- 26-03-2018 Appointed· Director
-
GAB MANAGEMENT BVBALegal entityManaging directorState Gazette act 15130018 (14-09-2015)Not recently confirmedlast confirmed in an act from 2015
-
JHO INVEST BVBALegal entityDirectorState Gazette act 15130018 (14-09-2015)Not recently confirmedlast confirmed in an act from 2015
Permanent representatives (1)
-
Ken SnoeksVertegenwoordiger (commissaris)State Gazette act 23360153 (22-06-2023)Permanent representative22-06-2023 → present
Former directors (6)
-
GAB Management BVLegal entityDirectorState Gazette act 23101754 (07-08-2023)Former- → 07-08-2023
-
S&S Belux NVLegal entityDirectorState Gazette act 23101754 (07-08-2023)Former- → 07-08-2023
-
Patrick KroonDirectorState Gazette act 19154648 (27-11-2019)Former27-11-2019 → 17-02-2021
2 events
- 17-02-2021 Resigned· Director
- 27-11-2019 Appointed· Director
-
Dirk-Jan StoppelenburgDirectorState Gazette act 18183531 (24-12-2018)Former24-12-2018 → 27-11-2019
2 events
- 27-11-2019 Resigned· Director
- 24-12-2018 Appointed· Director
-
Geert van lwaardenDirectorState Gazette act 18183531 (24-12-2018)Former24-12-2018 → 27-11-2019
2 events
- 27-11-2019 Resigned· Director
- 24-12-2018 Appointed· Director
-
Frank BAMELISDirectorState Gazette act 18051474 (26-03-2018)Former- → 26-03-2018
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Callens, Vandelanotte & Theunissen BVCurrent Statutory auditor |
- | 22-06-2023 → present |
| Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V. Statutory auditor succeeded by Callens, Vandelanotte & Theunissen BV in 2023 |
- | 06-11-2017 → 22-06-2023 |
| CVBA Callens, Pirenne, Theunissen & Co Commissaris revisor succeeded by Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V. in 2017 |
- | 14-09-2015 → 06-11-2017 |
| Ken Snoeks Statutory auditor succeeded by Callens, Vandelanotte & Theunissen BV in 2023 |
- | 06-11-2017 → 22-06-2023 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | SYLVIA LAGROU JOZEF VAN ELEWIJCKSTRAAT 86
BUS 6, 1853 STROMBEEK-BEVER |
25-06-2024 → present | Belgian State Gazette |
| NACE primary | Groothandel in kleding, met uitzondering van werk- en onderkleding(46423) |
| Legal form | Public limited company(014) |
| Incorporation | 15-07-1988 |
| Status | Active |
| Postal code | 8791 |
| First BS signal | 02-07-2024 |
| Latest BS signal | 02-07-2024 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013C0250/00C000 | Flanders | 9.9 ha | 1 · 1,647 m² | 15.0 m · 3 fl. |
| 23086A0480/00Z000 | Flanders | 3,080 m² | 1 · 251 m² | 15.4 m · 4 fl. |
| 34006B0539/00M005 | Flanders | 629 m² | 1 · 625 m² | 11.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
07-08-2023 2 resigning
- GAB Management BV, Bestuurder
- S&S Belux NV, Bestuurder
Technical details
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}22-06-2023 2 directors appointed, 2 resigning
- Callens, Vandelanotte & Theunissen BV, Commissaris
- Ken Snoeks, Vertegenwoordiger (commissaris)
- BROEKAERT Alain, Bestuurder
- BERVOETS Thomas, Bestuurder
Technical details
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}17-02-2021 1 director appointed, 1 resigning
- Thomas Bervoets, Bestuurder
- Patrick Kroon, Bestuurder
Technical details
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}01-07-2020 2 directors appointed
- Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V., Commissaris
- Ken Snoeks, Commissaris
Technical details
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}27-11-2019 2 directors appointed, 2 resigning
- Frederick Luckoff, Bestuurder
- Patrick Kroon, Bestuurder
- Dirk-Jan Stoppelenburg, Bestuurder
- Geert van lwaarden, Bestuurder
Technical details
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}31-01-2019 Capital increase of €6,304,210.64 to €6,814,210.64
- €510.000 → €6.814.210,64
- Inbreng in natura · Apport en nature
Technical details
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}24-12-2018 3 directors appointed, 1 resigning
- Dirk-Jan Stoppelenburg, Bestuurder
- Geert van lwaarden, Bestuurder
- Alain Broekaert, Gedelegeerd bestuurder
- Alain Broekaert, Bestuurder
Technical details
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}15-06-2018 Publication in the Belgian Official Gazette, Minor change
Technical details
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"office_city": "Halle",
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"pub_date": "2018-06-15",
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"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2018-05-29",
"unanimous": true
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"agm_change": {
"new_schedule": "vierde dinsdag van november om 17u",
"old_schedule": "vierde dinsdag van november om 17u",
"effective_from_year": 2018,
"rule_changes_summary": null
},
"detected_kind": "fiscal_year_change",
"other_address": {
"action": "modified",
"purpose": "other",
"address_new": "te 8791 WAREGEM (Beveren-Leie), Kortrijkseweg, 78.",
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"effective_date": "2018-05-31",
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"fiscal_year_change": {
"new_end_mm_dd": "31-12",
"old_end_mm_dd": "31-05",
"new_start_mm_dd": "01-06",
"old_start_mm_dd": "01-01",
"first_full_new_year": 2019,
"transition_period_end": "2018-05-31"
},
"liquidation_closure": {
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"special_procuration": {
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"is_volet_a_only_stub": false,
"vakbekwaamheid_change": {
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}26-03-2018 1 director appointed, 1 resigning
- Alain Broekaert, Bestuurder
- Frank BAMELIS, Bestuurder
Technical details
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}06-11-2017 2 directors appointed
- Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren B.V.C.V., Commissaris revisor
- Ken Snoeks, Commissaris revisor
Technical details
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}29-12-2016 Articles of association amended
Technical details
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}14-09-2015 3 directors appointed
- CVBA Callens, Pirenne, Theunissen & Co, Commissaris revisor
- GAB MANAGEMENT BVBA, Gedelegeerd bestuurder
- JHO INVEST BVBA, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | EXIT TWENTY |