What does EXIT TWENTY do?

EXIT TWENTY is a wholesaler in Waregem. Public Limited, started on 15 July 1988, 3 establishments.

What is the address of EXIT TWENTY?

The registered office of EXIT TWENTY is located at Kortrijkseweg 78, 8791 Waregem.

Is EXIT TWENTY still active?

No. The CBE lists EXIT TWENTY with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is EXIT TWENTY registered on Peppol?

No, EXIT TWENTY is currently not registered on the Peppol network.

What is the enterprise number of EXIT TWENTY?

The enterprise number of EXIT TWENTY is BE0434844466.

When was EXIT TWENTY founded?

EXIT TWENTY was founded on 15 July 1988.

Who are the directors of EXIT TWENTY?

According to the 2023 annual accounts, the directors of EXIT TWENTY are: GAB MANAGEMENT BV, Scotch&Soda Belux NV, Thomas BERVOETS.

Is EXIT TWENTY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 15 July 1988; 2 annual accounts filed, latest fiscal year 2023; 3 directors known from the annual account; 3 establishments in the CBE.

How much profit did EXIT TWENTY make in 2023?

EXIT TWENTY recorded a loss after taxes of € 271,236 in financial year 2023.

What is the revenue of EXIT TWENTY?

In its most recent annual accounts (2023), EXIT TWENTY reported revenue of € 1,876,386.

How much does an employee at EXIT TWENTY earn?

The average wage cost per full-time employee at EXIT TWENTY was € 59,300 in 2023: staff costs of € 723,548 for 12.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does EXIT TWENTY have?

According to the 2023 annual accounts, EXIT TWENTY has 12.2 full-time equivalents (FTE).

EXIT TWENTY (Public Limited) - Waregem - BE0434844466

Dossier EXIT TWENTY, printed on 30 October 2026 from databakkes.be/en/0434844466/exit-twenty. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Figures corrected NBB

Corrected annual account filed for 2023.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2023

EXIT TWENTY from Waregem, company number BE0434844466, closed financial year 2023 with a result of € -271,236 after tax. For that financial year EXIT TWENTY recorded revenue of € 1.9 million and equity of € 763,318. Compared with financial year 2022, the result moved from € 147,281 to € -271,236. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 5, 2024.

What it is worth Healthy

€ 763,318

▼ 26% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -271,236

▼ still € 147,281 profit in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 47,275

▼ 13% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 520,189.

People and assets in 2023

Full-time equivalents

12.2

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 723,548

▲ 18% vs 2022

€ 59,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 434

▼ 53% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 160,239

▲ 130% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 214,140

▲ 80% vs 2022

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	Change 2022 → 2023
Revenue	€ 2,054,103 Revenue 2022: € 2,054,103 First fiscal year in the series	€ 1,876,386 Revenue 2023: € 1,876,386 ▼ 9% vs 2022 (€ 2,054,103) Unfavourable step	▼ 9%
Gross margin	€ 696,696 Gross margin 2022: € 696,696 First fiscal year in the series	€ 505,845 Gross margin 2023: € 505,845 ▼ 27% vs 2022 (€ 696,696) Unfavourable step	▼ 27%
Profit after taxes	€ 147,281 Profit after taxes 2022: € 147,281 First fiscal year in the series	€ -271,236 Profit after taxes 2023: € -271,236 ▼ € 418,517 vs 2022 (€ 147,281) Unfavourable step	▼ € 418,517
Equity	€ 1,034,554 Equity 2022: € 1,034,554 First fiscal year in the series	€ 763,318 Equity 2023: € 763,318 ▼ 26% vs 2022 (€ 1,034,554) Unfavourable step	▼ 26%
Total debts	€ 188,453 Total debts 2022: € 188,453 First fiscal year in the series	€ 434,330 Total debts 2023: € 434,330 ▲ 130% vs 2022 (€ 188,453) Unfavourable step	▲ 130%
Cash	€ 54,571 Cash 2022: € 54,571 First fiscal year in the series	€ 47,275 Cash 2023: € 47,275 ▼ 13% vs 2022 (€ 54,571) Unfavourable step	▼ 13%
Retained profit	€ 791,425 Retained profit 2022: € 791,425 First fiscal year in the series	€ 520,189 Retained profit 2023: € 520,189 ▼ 34% vs 2022 (€ 791,425) Unfavourable step	▼ 34%
Balance sheet total	€ 1,223,007 Balance sheet total 2022: € 1,223,007 First fiscal year in the series	€ 1,197,648 Balance sheet total 2023: € 1,197,648 ▼ 2% vs 2022 (€ 1,223,007) Unchanged	▼ 2%
Employees (FTE)	12.2 Employees (FTE) 2022: 12.2 First fiscal year in the series	12.2 Employees (FTE) 2023: 12.2 Unchanged (12.2) Unchanged

Key figures of EXIT TWENTY, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 December 2024.

What happened to EXIT TWENTY?

What happened at EXIT TWENTY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

EXIT TWENTY is active according to the CBE. Legal situation: Opening faillissement.

2027 Thomas BERVOETS stepped down as director. NBB
Apr 5, 2024 Corrected annual accounts filed for financial year 2023. filed late Source: NBB ↗
2023 GAB MANAGEMENT BV stepped down as director. NBB
2023 Scotch&Soda Belux NV stepped down as director. NBB
2021 Thomas BERVOETS became a director. NBB
2018 Scotch&Soda Belux NV became a director. NBB
2014 GAB MANAGEMENT BV became a director. NBB
Dec 1, 2013 New establishment in Ternat. KBO

In short

From € 147,281 profit in 2022 to € 271,236 loss in 2023.

Paid € 3,334 in corporate taxes since 2022.

Best year ever: 2022, with € 147,281 profit.

On average € 41,500 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

Scotch & Soda Benelux NV 100%

EXIT TWENTY

The shares are held by Scotch & Soda Benelux NV (100%).

Directors

According to the 2023 annual accounts

GAB MANAGEMENT BV

Managing director · represented by Alain BROEKAERT

Also active at: DERBYTT, ALBRO, SCARF, GROEP BROEKAERT Alain, ALTO, ALSPABRO, SWEET COTTON, G.A.B.CONTROLE HOLDING

since 2014 · until 2023

Scotch&Soda Belux NV

Director · represented by Frederik Lukoff

since 2018 · until 2023

Thomas BERVOETS

Director

since 2021 · until 2027

Shareholders

Scotch & Soda Benelux NV

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kortrijkseweg 78

8791 Waregem

2.111.829.758

Kortrijksestraat(afgeschaft) 78

8791 Waregem

Active since 29 September 1988

2.221.345.728

Zetellaan(E) 100

3630 Maasmechelen

Active since 26 August 2013

2.223.837.836

Assesteenweg 96

1740 Ternat

Active since 1 December 2013

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

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€ 399,210 gross margin · 2025

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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0434.844.466
VAT number: BE 0434.844.466
Registered office: Kortrijkseweg 78, 8791 Waregem
Names & denominations: EXIT TWENTY
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Opening faillissement
Start date: 15 July 1988
Peppol: Not registered
Activities · NACE: Groothandel in kleding, met uitzondering van werk- en onderkleding

View on CBE Public ↗ Annual accounts (NBB) ↗