S&S Belux
Open bankruptcyA bankruptcy procedure is open for S&S Belux according to publications in the Belgian State Gazette; curator: SYLVIA LAGROU. The 2023 annual accounts show negative equity (€-4.16M) and a net result of €-1.10M.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, full schema
Turnover
€9.20M▼ 41.2%
2022 · €15.64M
2019: €20.42M
2020: €16.96M
2021: €15.01M
2022: €15.64M
2019 → 2023
EBIT margin
-6.7%▼ 10.6pp
2022 · 3.9%
2019: -2.7%
2020: -3.9%
2021: -6.3%
2022: 3.9%
2019 → 2023
Net result
€-1.10M
2022 · €297k
2019: €-7.87M
2020: €-1.73M
2021: €-1.35M
2022: €297k
2019 → 2023
Working capital
€-989k▲ 83.5%
2022 · €-6.01M
2019: €-1.35M
2020: €-4.39M
2021: €-6.17M
2022: €-6.01M
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€20.42M-€16.96M▼ 16.9%€15.01M▼ 11.5%€15.64M▲ 4.2%€9.20M▼ 41.2%
Equity€-286k-€-2.01M▼ 605%€-3.36M▼ 66.8%€-3.06M▲ 8.9%€-4.16M▼ 35.9%
Operating result€-550k-€-667k▼ 21.3%€-949k▼ 42.2%€611k€-617k
Net result€-7.87M-€-1.73M▲ 78.0%€-1.35M▲ 22.1%€297k€-1.10M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €617k after €611k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €5.72M
Fixed assets
€3.64M▲ 16.0%
Current assets
€2.08M▼ 71.2%
Key figures and ratios
EBITDA
€-434k▼
2022 · €946k
Cash flow
€-917k▼
2022 · €633k
Solvency
-72.8%▼
2022 · -29.6%
Current ratio
0.68▲
2022 · 0.55
Quick ratio
0.53▲
2022 · 0.26
Debt / equity
-2.37▲
2022 · -4.38
ROA
-19.3%▼
2022 · 2.9%
Interest coverage
-759.50▼
2022 · 58.17
Debt
€9.88M▼
2022 · €13.41M
Debt ≤ 1 year
€3.07M▼
2022 · €13.22M
Debt > 1 year
€6.50M
Income taxes
€534▼
2022 · €2k
Staff costs
€853k▼
2022 · €1.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€10.35M€5.72M▼
Fixed assets21/28€3.14M€3.64M▲
Tangible fixed assets22/27€446k€535k▲
Plant, machinery and equipment23€430k€531k▲
Furniture and vehicles24€16k€3k▼
Financial fixed assets28€2.69M€3.11M▲
Affiliated companies280/1€2.63M€2.34M▼
Participating interests280€2.63M€2.34M▼
Other financial fixed assets284/8€59k€767k▲
Amounts receivable and cash guarantees285/8€59k€767k▲
Current assets29/58€7.21M€2.08M▼
Stocks and contracts in progress3€3.72M€466k▼
Stocks30/36€3.72M€466k▼
Goods purchased for resale34€3.72M€466k▼
Amounts receivable within one year40/41€2.43M€1.33M▼
Trade receivables40€2.29M€1.14M▼
Other amounts receivable41€135k€195k▲
Cash at bank and in hand54/58€524k€57k▼
Deferred charges and accrued income490/1€540k€219k▼
Equity and liabilities
Total equity and liabilities10/49€10.35M€5.72M▼
Equity10/15€-3.06M€-4.16M▼
Contributions10/11€5.50M€5.50M=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€5.43M€5.43M=
Share premium1100/10€5.43M€5.43M=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-8.56M€-9.66M▼
Amounts payable17/49€13.41M€9.88M▼
Amounts payable after more than one year17-€6.50M
Trade debts175-€6.50M
Suppliers1750-€6.50M
Amounts payable within one year42/48€13.22M€3.07M▼
Current portion of amounts payable after more than one year42€56k-
Trade debts44€10.33M€1.18M▼
Suppliers440/4€10.33M€1.18M▼
Taxes, remuneration and social security45€333k€325k▼
Taxes450/3€166k€180k▲
Remuneration and social security454/9€167k€145k▼
Other amounts payable47/48€2.49M€1.56M▼
Accrued charges and deferred income492/3€191k€314k▲
Income statement
Code20222023
Operating income70/76A€17.53M€11.23M▼
Turnover70€15.64M€9.20M▼
Other operating income74€1.89M€2.02M▲
Non-recurring operating income76A€1k€10k▲
Operating charges60/66A€16.92M€11.85M▼
Goods for resale, raw materials and consumables60€10.47M€6.07M▼
Purchases600/8€10.22M€2.82M▼
Change in stocks: decrease (increase)609€247k€3.25M▲
Services and other goods61€4.62M€4.41M▼
Remuneration, social security and pensions62€1.05M€853k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€335k€184k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€439k€311k▼
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A-€8k
Operating profit (loss)9901€611k€-617k▼
Financial income75/76B€185k€0▼
Recurring financial income75€0€0▼
Income from financial fixed assets750€0-
Other financial income752/9€0-
Non-recurring financial income76B€185k-
Financial charges65/66B€497k€483k▼
Recurring financial charges65€497k€189k▼
Debt charges650€16k€571▼
Other financial charges652/9€481k€189k▼
Non-recurring financial charges66B-€293k
Profit (loss) for the period before taxes9903€299k€-1.10M▼
Income taxes67/77€2k€534▼
Taxes670/3€2k€534▼
Profit (loss) for the period9904€297k€-1.10M▼
Profit (loss) for the period to be appropriated9905€297k€-1.10M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8.56M€-9.66M▼
Profit (loss) brought forward from the previous period14P€-8.86M€-8.56M▲
Social balance
Average headcount (FTE)908722.518.0▼
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
02-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · S&S BELUX NV ASSE- STEENWEG 96, 1740 TERNAT · event 25-06-2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 96 days late
2023
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 20 days late
2022
31-05
Financial
Back to profitnet €297k
Net result €297k after 3 loss-making years.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 54 days late
2021
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
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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 · 7 establishment units since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Assesteenweg 961740 TernatGround area
1.1 ha
Building footprint
1,743 m²
Volume, LiDAR
22,201 m³
7 parcels, Brussels, Flanders, Wallonia · tallest building 23.2 m, ±5 floors. Linked by address, not a title deed.
7 establishment units
Scotch and Soda Belux
since 20082.173.660.132
Scotch and Soda Namur
since 20152.239.310.326
Scotch & Soda Halle
since 20152.244.347.594
S&S Gent
since 20162.248.388.833
Scotch & Soda Dansaert
since 20172.260.567.776
S&S Wemmel
since 20192.292.854.524
Show 1 more locations
Scoth & Soda Waterloo
since 20222.333.154.658
7 parcels
Flanders
4
(57.1%)
Wallonia
2
(28.6%)
Brussels
1
(14.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0536/00B000 | Flanders | 5,549 m² | 1 · 315 m² | 18.9 m · 3 fl. |
| 23086A0480/00Z000 | Flanders | 3,080 m² | 1 · 251 m² | 15.4 m · 4 fl. |
| 25110A0281/00C000 | Wallonia | 1,043 m² | 1 · 592 m² | 18.1 m · 5 fl. |
| 21811M0855/00F000 | Brussels | 354 m² | 1 · 101 m² | 23.2 m · 5 fl. |
| 23027G0516/00C000 | Flanders | 233 m² | 1 · 241 m² | 15.7 m · 3 fl. |
| 44805E0017/00B000 | Flanders | 185 m² | 1 · 185 m² | 18.1 m · 5 fl. |
| 92094C1345/00B000 | Wallonia | 111 m² | 1 · 58 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SYLVIA LAGROU JOZEF VAN ELEWIJCKSTRAAT 86
BUS 6, 1853 STROMBEEK-BEVER |
25-06-2024 → present |
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Of 1,311 companies in sector 46423 we hold annual accounts for 812. 349 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-10-2008
Fiscal year end31-05
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.