40					EUR

NAT	Filing date	Nr	D I	· U. '	D.

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (on date of deposit)

NAME: . ONTEX GROUP

Legal form: Public limited company
Address: Коґе.Керлеѕtraat
Postal code: Municipality: Erembodegem
Country: Belgium
Register of legal persons – Business court of: Gent, Division Dendermonde
Website address !
BE 0550.880.915 Company identification number
DATE the date of publication of the memorandum of association and of the articles of association.
ANNUAL ACCOUNTS ANNUAL ACCOUNTS IN EUROS 1 2022 05 / 05 approved by the general meeting of
01 / 31 / 12 / 2021 Regarding the financial year from
Preceding financial year from 2020
The amounts for the preceding period are /አአል(Mate identical to the ones previously published.

Total number of pages filed: .......................... Numbers of sections of the standard form not filed because they serve no useful purpose: .... 6.2.2. 6.3.4. 6.4.2. 6.7. 8. 9. 11. 12. 13. 14. 15

Signature (name and position)

Signature (name and position)

1 Optional information.

² Strike out what is not applicable.

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and municipality) and position within the company

Inge Boets BV Nr.: BE 0458.838.011 Onderheide 28, 2930 Brasschaat, Belgium

Represented by:

Inge Boets (Representative) Onderheide 28, 2930 Brasschaat, Belgium

Michael Bredael Groeselenbergstraat 158, 1180 Uccle, Belgium

Regina SARL Nr.: CH393694785 Ch. Des Fontaines 20, 1297 Founex, Switzerland

Represented by:

Regi Aalstad

Desarrollo Empresarial Joven Sustentable SC Nr.: DEJ171124J29 Cda. Buena Vista 17-4, 72154 Puebla, Mexico

Represented by:

Gilberto Marin Quintero

Alane Sprl Nr.: RCS 453499477 Boulevard de Beauséjour 45, 75016 Paris, France

Represented by:

Cardoso Aldo

Viabylity BV Nr.: BE 0744.427.785 Rombaut Keldermansstraat 28, 2650 Edegem, Belgium

Represented by:

Hans Van Bylen

Frederic Larmuseau Van Miereveldstraat 7, 1071DW Amsterdam, Netherlands

JH GmbH Nr.: HRB 771483 Silberpappelweg 15, 70597 Stuttgart, Germany Director 02/06/2014 - 05/05/2022

Director 24/05/2017 - 05/05/2025

Director 19/06/2019 - 05/05/2025

Director 25/05/2020 - 29/03/2021

Director 24/05/2019 - 05/05/2023

Chairman of the board of directors 25/05/2020 - 06/05/2024

Director 09/10/2020 - 11/01/2022

Director 25/05/2021 - 05/05/2025

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS (CONTINUED)

Represented by:

Hojer Jesper

MJA Consulting Nr.: BE 0848.139.987 Avenue Simonne 17, 1640 Rhode-Saint-Genèse, Belgium

Represented by:

Janssen Manon

Hochgesand Isabel Brahmsallee 107, 20144 Hamburg, Germany

Olsen Rodney Centenary Avenue 7527, 75225 Dallas, United States

Calvo Paz Gustavo Briary Green Lane -, KT11 2NN Cobham, Surrey, United Kingdom

Costeletos Philippe Argyll Road 37, W87DA London, United Kingdom

BV PwC Nr.: BE 0429.501.944 Culliganlaan 5, 1831 Diegem, Belgium Membership nr.: B00009

Represented by:

Lien Winne (Auditor) Sluisweg 1 box 8, 9000 Gent, Belgium Membership nr.: A02202

Director 25/05/2021 - 05/05/2025

Auditor 25/05/2020 - 05/05/2023

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that no audit or correction assignment has been given to a person who was not authorised to do so by law, pursuant to art. 34 and 37 of the law of 22th April 1999 concerning accounting and tax professions.

The annual accounts XVete / were not* audited or corrected by an external accountant or by a company auditor who is not the statutory auditor.

If affirmative, mention hereafer: surname, profession and address of each external accountant or company auditor and his membership number with his Institute as well as the nature of his assignment:

A. Bookkeeping of the enterprise ** ,
B. Preparing the annual accounts **,
C. Auditing the annual accounts and/or
D. Correcting the annual accounts.

If the tasks mentioned under A. or B. are executed by certified accountants or certified bookkeepers - tax specialists, you can mention hereafter: sumame, first names, profession and address of each certified bookkeeper - tax specialist and his/her affiliation number with the Institute of Accounting Professional and Tax Experts and the nature of his/her assignment.

Surname, first names, profession and address	Affiliation number	Nature of the assignment (A, B, C and/or D)

Strike out what is not applicable.

^{* * *} Optional information.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20	78.449	414.748
FIXED ASSETS		21/28	2.824.068.975	3.274.573.922
Intangible fixed assets	6.2	21	15.691.224	17.106.032
Tangible fixed assets	6.3	22/27	867.822	1.584.120
Land and buildings		22	399	559
Plant, machinery and equipment		23	867.423	1.374.805
Furniture and vehicles		24
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27		208.756
Financial fixed assets		28	2.807.509.929	3.255.883.770
Affiliated enterprises		280/1	2.807.369.252	3.255.743.093
Participating interests		280	1.907.965.289	1.907.965.289
Amounts receivable		281	899.403.963	1.347.777.804
Enterprises linked by participating interests 6.15		282/3
Participating interests		282
Amounts receivable		283
Other financial assets		284/8	140.677	140.677
Shares		284
Amounts receivable and cash guarantees		285/8	140.677	140.677

Nr. BE 0550.880.915					F-cap 3.1

	Discl.	Codes	Period		Preceding period
CURRENT ASSETS		29/58	400.889.304	443.551.553
Amounts receivable after more than one year		29
Trade debtors		290
Other amounts receivable		291
Stocks and contracts in progress		3
Stocks		30/36
Raw materials and consumables		30/31
Work in progress		32
Finished goods		33
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		રૂદિ
Contracts in progress		37
Amounts receivable within one year		40/41	221.649.959		82.746.915
Trade debtors		40	47.684.197		53.086.227
Other amounts receivable		41	173.965.762		29.660.688
Current investments		50/53	9.654.169		145.791.952
Own shares		50	9.654.169		15.791.952
Other investments		51/53	.		130.000.000
Cash at bank and in hand		54/58	153.195.034		211.853.209
Deferred charges and accrued income	6.6	490/1	16.390.142		3.159.477
TOTAL ASSETS		20/58	3.225.036.728		3.718.540.223

	Discl.	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	1.904.017.712	1.923.758.200
Contribution		10/11	1.236.329.608	1.236.329.608
Capital		10	823.587.466	823.587.466
Issued capital		100	823.587.466	823.587.466
Uncalled capital 4		101
Outside the capital		11	412.742.142	412.742.142
Share premium account		1100/10	412.742.142	412.742.142
Others		1100/19
Revaluation surpluses		12
Reserves		13	267.296.277	273.428.773
Reserves not available		130/1	39.319.640	45.452.136
Legal reserve		130	29.660.184	29.660.184
Reserves statutorily not available		1311
Aquisition of own shares		1312	9.659.456	15.791.952
Financial support		1313
Other		1319
Untaxed reserves		132
Available reserves		133	227.976.637	227.976.637
Accumulated profits (losses)		14	400.391.827	413.999.819
Investment grants		15
Advance to associates on the sharing out of the assets 5		19
PROVISIONS AND DEFERRED TAXES		16	5.012.473	4.936.513
Provisions for liabilities and charges		160/5	5.012.473	4.936.513
Pensions and similar obligations		160
Taxation		161
Major repairs and maintenance		162
Environmental obligations		163
Other liabilities and charges	6.8	164/5	5.012.473	4.936.513
Deferred taxes		168

4 Amount to substract of the issued capital

5 Amount to substract from the other part of the equity

Nr. BE 0550.880.915				F-cap 3.2

	Discl.	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	1.316.006.543	1.789.845.510
Amounts payable after more than one year	6.9	17	830.000.000	1.044.228.726
Financial debts		170/4	830.000.000	1.044.228.726
Subordinated loans		170
Unsubordinated debentures		171	580.000.000
Leasing and other similar obligations		172
Credit institutions		173	220.000.000	781.228.726
Other loans		174	30.000.000	263.000.000
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year Current portion of amounts payable after more than one year	6.9	42/48	475.154.543	743.020.475
falling due within one year		42
Financial debts		43	173.031.793	446.539.923
Credit institutions		430/8	31.228.726	300.000.000
Other loans		439	141.803.067	146.539.923
Trade debts		44	11.484.078	12.559.037
Suppliers		440/4	11.484.078	12.559.037
Bills of exchange payable		441
Advances received on contracts in progress		46
Taxes, remuneration and social security	6.9	45	3.362.522	3.229.703
Taxes		450/3	441.826	202.051
Remuneration and social security		454/9	2.920.696	3.027.652
Other amounts payable		47/48	287.276.150	280.691.812
Accruals and deferred income	6.9	492/3	10.852.000	2.596.309
TOTAL LIABILITIES		10/49	3.225.036.728	3.718.540.223

INCOME STATEMENT

	Codes	Period	Preceding period
Operating income Turnover	70/76A 70	45.611.787	41.521.594
Stocks of finished goods and work and contracts in progress:	71
increase (decrease) Own work capitalised	72
Other operating income	74	44.212.814	41.521.594
Non-recurring operating income	76A	1.398.973
Operating charges	60/66A	64.471.229	49.231.744
Raw materials, consumables	60
Purchases	600/8
Stocks: decrease (increase) (+)(-)	609
Services and other goods	61	44.380.241	21.945.967
Remuneration, social security costs and pensions (+)/(-) 6.10	62	12.518.787	11.593.463
Depreciation of and other amounts written off formation expenses, intangible and tangible fixed assets Amounts written off stocks, contracts in progress and trade	630	7.492.744	7.888.474
debtors: Appropriations (write-backs) (+)/(-) 6.10 Provisions for liabilities and charges: Appropriations (uses	631/4		-600-208
and write-backs)	635/8	75.960	-5.455.423
Other operating charges	640/8	3.497	580.543
Operating charges carried to assets as restructuring costs (-)	649
Non-recurring operating charges	66A		13.278.928
Operating profit (loss)	9901	-18.859.442	-7.710.150

	Codes	Period	Preceding period
Financial income Recurring financial income	75/76B 75	36.655.375 36.522.906	36.204.025 36.204.025
Income from financial fixed assets	750
Income from current assets	751	30-213-213	24.169.359
Other financial income	752/9	6.309.693	12.034.666
Non-recurring financial income	76B	132.469
Financial charges	65/66B	37.479.330	42.084.980
Recurring financial charges	65	37.366.684	42.074.362
Debt charges	650	22.804.425	16.933.559
Amounts written off current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs)
	651	5.351.761	10.660.045
Other financial charges	652/9	9.210.498	14.480.758
Non-recurring financial charges	66B	112.646	10.618
Gain (loss) for the period before taxes (+)/(-)	9903	-19.683.397	-13.591.105
Transfer from deferred taxes	780
Transfer to deferred taxes	680
Income taxes	67/77	62.378	139.244
Taxes	670/3	103.176	139.244
Adjustment of income taxes and write-back of tax provisions	77	40.798
Gain (loss) of the period	9904	-19.745.775	-13.730.349
Transfer from untaxed reserves	789
Transfer to untaxed reserves	689
Gain (loss) of the period available for appropriation (+)/(-)	9905	-19.745.775	-13.730.349

APPROPRIATION ACCOUNT

	Codes	Period	Preceding period
Profit (loss) to be appropriated Gain (loss) of the period available for appropriation Profit (loss) brought forward	9906 (9905) 14P	394.254.044 -19.745.775 413.999.819	401.823.258 -13.730.349 415.553.607
Withdrawals from capital and reserves on the contribution from reserves	791/2 791 792	6.137.783 6.137.783	12.176.561 12.176.561
Transfer to capital and reserves to the contribution to legal reserve to other reserves	691/2 691 6920 6921
Profit (loss) to be carried forward	(14)	400.391.827	413.999.819
Owners' contribution in respect of losses	794
Profit to be distributed Dividends	694/7 694
Directors' or managers' entitlements	୧୨୧
Employees Other beneficiaries	696 697

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES OR CAPITAL INCREASE EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS

	Period	Preceding period
Net book value at the end of the period	XXXXXXXXXXXXXXXXXXXXX	414.748
Movements during the period
New expenses incurred
Depreciation	336-299
Other
Net book value at the end of the period	78.449
Of which
Formation or capital increase expenses, loan issue expenses and other
formation expenses
Restructuring costs	.

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
DEVELOPMENT COSTS
Acquisition value at the end of the period		XXXXXXXXXXXXXXXXXXXX	158.224
Movements during the period
Acquisitions, including produced fixed assets
Sales and disposals	8031
Transfers from one heading to another	8041
Acquisition value at the end of the period	8051	158.224
Depreciations and amounts written down at the end of the period	8121P	XXXXXXXXXXXXXXXXXXXX	36.393
Movements during the period
Recorded		44.453
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
Transferred from one heading to another	8111
Depreciations and amounts written down at the end of the period	8121	80.846
NET BOOK VALUE AT THE END OF THE PERIOD	81311	77.378

Nr.	BE 0550.880.915				F-cap 6.2.3
			Codes	Period	Preceding period
RIGHTS	CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR
		Acquisition value at the end of the period	8052P	XXXXXXXXXXXXXXXXXXXXX	43.152.342
	Movements during the period
		Acquisitions, including produced fixed assets	8022	4.743.809
	Sales and disposals		8032
	Transters from one heading to another		8042	249-040
	Acquisition value at the end of the period		8052	48.145.191
	Depreciations and amounts written down at the end of the period		8122P	XXXXXXXXXXXXXXXXXXX	26.168.143
	Movements during the period
		Recorded	8072	6.537.607
	Written back		8082
		Acquisitions from third parties	8092
	Cancelled owing to sales and disposals		8102
	Transferred from one heading to another		8112
	Depreciations and amounts written down at the end of the period		8122	32.705.750
	NET BOOK VALUE AT THE END OF THE PERIOD		211	15.439.441

Nr. BE 0550.880.915			F-cap 6.2.4

	Codes	Period	Preceding period
GOODWILL
Acquisition value at the end of the period	8053P	XXXXXXXXXXXXXXXXXXXXX	148.498.638
Movements during the period
Acquisitions, including produced fixed assets
Sales and disposals	8033
Transfers from one heading to another	8043
Acquisition value at the end of the period	8053	148.498.638
Depreciations and amounts written down at the end of the period	8123P	XXXXXXXXXXXXXXXXXXXX	148.498.638
Movements during the period
Recorded	8073
Written back	8083
Acquisitions from third parties	8093
Cancelled owing to sales and disposals	8103
Transferred from one heading to another	8113
Depreciations and amounts written down at the end of the period	8123	148.498.638
NET BOOK VALUE AT THE END OF THE PERIOD	212

Nr. BE 0550.880.915			F-cap 6.2.5
	Codes	Period	Preceding period
ADVANCE PAYMENTS
Acquisition value at the end of the period	8054P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Acquisitions, including produced fixed assets	8024
Sales and disposals	8034
Transfers from one heading to another	8044	174.405
Acquisition value at the end of the period	8054	174.405
Depreciations and amounts written down at the end of the period	8124P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8074
Written back	8084
Acquisitions from third parties	8094
Cancelled owing to sales and disposals	8104
Transferred from one heading to another	8114
Depreciations and amounts written down at the end of the period	8124
NET BOOK VALUE AT THE END OF THE PERIOD	213	174.405

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	XXXXXXXXXXXXXXXXXXX	3.214
Movements during the period
Acquisitions, including produced fixed assets	8161
Sales and disposals	8171
Transfers from one heading to another	8181
Acquisition value at the end of the period	8191	3.214
Revaluation surpluses at the end of the period	8251P	XXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transferred from one heading to another	8241
Revaluation surpluses at the end of the period	8251
Depreciations and amounts written down at the end of the period	8321P	XXXXXXXXXXXXXXXXXXX	2.655
Movements during the period
Recorded	8271	160
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301
Transferred from one heading to another	8311
Depreciations and amounts written down at the end of the period	8321	2.815
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	399

Nr. BE 0550.880.915			F-cap 6.3.2
	Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	XXXXXXXXXXXXXXXXXXXX	5.341.823
Movements during the period
Acquisitions, including produced fixed assets	8162	315.881
Sales and disposals	8172	15.220
Transfers from one heading to another	8182
Acquisition value at the end of the period	8192	5.642.484
Revaluation surpluses at the end of the period	8252P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transferred from one heading to another	8242
Revaluation surpluses at the end of the period	8252
Depreciations and amounts written down at the end of the period	8322P	XXXXXXXXXXXXXXXXXXX	3.967.018
Movements during the period
Recorded	8272	574.223
Written back	8282
Acquisitions from third parties	8292

Cancelled owing to sales and disposals .......................................................................................................................................

Transferred from one heading to another .......................................................................................................................(+)(-)

Depreciations and amounts written down at the end of the period ............

NET BOOK VALUE AT THE END OF THE PERIOD ......................................................................................................................................

15.220

249.040 4.775.061

867.423

(23)

Nr. BE 0550.880.915			F-cap 6.3.3
	Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	XXXXXXXXXXXXXXXXXXX	6.842
Movements during the period
Acquisitions, including produced fixed assets	8163
Sales and disposals	8173
Transfers from one heading to another	8183
Acquisition value at the end of the period	8193	6.842
Revaluation surpluses at the end of the period	8253P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transferred from one heading to another	8243
Revaluation surpluses at the end of the period	8253
Depreciations and amounts written down at the end of the period	8323P	XXXXXXXXXXXXXXXXXXXX	6.842
Movements during the period
Recorded	8273
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303
Transferred from one heading to another	8313
Depreciations and amounts written down at the end of the period	8323	6.842
NET BOOK VALUE AT THE END OF THE PERIOD	(24)

Nr. BE 0550.880.915			F-cap 6.3.5

	Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	XXXXXXXXXXXXXXXXXXX	36.564
Movements during the period
Acquisitions, including produced fixed assets	8165
Sales and disposals	8175
Transfers from one heading to another	8185
Acquisition value at the end of the period	8195	36.564
Revaluation surpluses at the end of the period	8255P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transferred from one heading to another	8245
Revaluation surpluses at the end of the period	8255
Depreciations and amounts written down at the end of the period	8325P	XXXXXXXXXXXXXXXXXX	36.564
Movements during the period
Recorded	8275
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305
Transferred from one heading to another	8315
Depreciations and amounts written down at the end of the period	8325	36.564
NET BOOK VALUE AT THE END OF THE PERIOD	(26)

	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period		XXXXXXXXXXXXXXXXXXXX	208.756
Movements during the period
Acquisitions, including produced fixed assets
Sales and disposals	8176	34.351
Transfers from one heading to another	8186
Acquisition value at the end of the period	8196	174.405
Revaluation surpluses at the end of the period	8256P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8216
Acquisitions from third parties
Cancelled	8236
Transferred from one heading to another	8246
Revaluation surpluses at the end of the period	8256
Depreciations and amounts written down at the end of the period	8326P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded
Written back
Acquisitions from third parties
Cancelled owing to sales and disposals	8306
Transferred from one heading to another	8316	174.405
Depreciations and amounts written down at the end of the period	8326	174.405
NET BOOK VALUE AT THE END OF THE PERIOD	(27)

Nr.

F-cap 6.3.6

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	XXXXXXXXXXXXXXXXXXXX	738.753.766
Movements during the period
Acquisitions	8361
Sales and disposals	8371
Transfers from one heading to another	8381
Acquisition value at the end of the period	8391	738.753.766
Revaluation surpluses at the end of the period	8451P	XXXXXXXXXXXXXXXX	1.169.211.523
Movements during the period Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transferred from one heading to another	8441
Revaluation surpluses at the end of the period	8451	1.169.211.523
Amounts written down at the end of the period	8521P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8471
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
Transferred from one heading to another	8511
Amounts written down at the end of the period	8521
Uncalled amounts at the end of the period	8551P	XXXXXXXXXXXXXXXXXXXXX
Movements during the period	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	1.907.965.289
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		XXXXXXXXXXXXXXXXXXX	1.347.777.804
Movements during the period
Additions	8581	889.676.214
Repayments	8591	1.339.831.453
Amounts written down	8601
Amounts written back	8611
Exchange differences	8621	1.781.398
Other movements	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	899.403.963
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF THE PERIOD ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………	8651

	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	XXXXXXXXXXXXXXXXXXX
Movements during the period
Acquisitions	8363
Sales and disposals	8373
Transfers from one heading to another	8383
Acquisition value at the end of the period	8393
Revaluation surpluses at the end of the period	8453P	XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transferred from one heading to another	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	XXXXXXXXXXXXXXXXXXXX
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
Transferred from one heading to another	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	XXXXXXXXXXXXXXXXXXXXX
Movements during the period	8543
Uncalled amounts at the end of the period	8553
NET BOOK VALUE AT THE END OF THE PERIOD	(284)
OTHERS ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD			140.677
Movements during the period
Additions	8583
Repayments	8593
Amounts written down	8603
Amounts written back	8613
Exchange differences	8623
Other movements	8633 -
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	140.677
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………	8653

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES

The following list mentions the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

	Rights held				Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the	directly		subsidiari es	Annual	Capita land Curre reserves		Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
Ontex bv BE 0419.457.296 Limited liability company Genthof 5, 9255 Buggenhout, Belgium	Capital	shares371.481.132	99,99	0,0	31/12/2021	EUR	225.803.449	-75.901.640

LIST OF COMPANIES FOR WHICH THE COMPANY HAS UNLIMITED LIABLITY IN THE CAPACITY OF UNLIMITED LIABLE PARTNER OR MEMBER

The annual accounts of each company has unlimited liability is added to the present statement and published jointly, unless reason for not complying with this requirement is mentioned in the appropriate code (as defined below: A, B, C or D).

The annual accounts of the indicated company:

A. will be published by filing with the National Bank of Belgium by this enterprise;
B. are actually published by the company in a different member country of the European to article 16 of directive (EU) 2017/1132;
C. are being inserted by complete or proportional consolidated annual accounts of the company, drawn up, verfied and published in accordance with the stipulations of the Belgian Companies and Associations Code concerning the consolidated annual accounts;
D. concern a limited partnership (société simple/maatschap).

NAME, full address of the REGISTERED OFFICE, LEGAL FORM and for an enterprise governed by Belgian law, THE COMPANY IDENTIFICATION NUMBER	Possible code
Ontex Hygieneartikel GMBH DE140364318 Private company with limited liability Fabrikstrasse 30, D-02692 Grosspostwitz, Germany	B
Moltex baby-Hygiene GMBH DE811576157 Private company with limited liability Robert-Bosch-Strasse, D-56710 Mayen, Germany	B
Ontex Mayen GMBH DE149262946 Private company with limited liability Robert Bosch Strasse, D-56727 Mayen/Eifel, Germany	B
Ontex Vertrieb GMBH DE813704839 Private company with limited liability Robert Bosch Strasse 8, D-56727 Mayen/Eifel, Germany	B
Ontex Engineering GmbH & Co. KG DE293828372 Private company with limited liability ROBERT BOSCH STRASSE 8, D-56727 Mayen/Eifel, Germany	B
Ontex Healthcare Deutschland GMBH DE248670006 Private company with limited liability Hansaring 6, d-49504 Lotte, Germany	B
WS Windel-Shop GMBH DE811130970 Private company with limited liability Robert Bosch Strasse 8, D-56727 Mayen/Eifel, Germany	B

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

	Codes	Period	Preceding period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	51
Shares - Book value increased with the uncalled amount	8681	.
Shares - Uncalled amount	8682
Precious metals and works of art	8683
Fixed income securities Fixed income securities issued by credit institutions	52	.
Fixed term accounts with credit institutions With residual term or notice of withdrawal	ဥ္ကုိ ရွာ		130.000.000
up to one month	8686		110.000.000
between one month and one year	8687		20.000.000
over one year	8688
Other investments not mentioned above	8689

Preceding period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

lssued capital at the end of the period 823.587.466 lssued capital at the end of the period 823.587.466 Number of shares Codes Value Changes during the period ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- . . �� ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… . . Structure of the capital Different categories of shares 823.587.466 82.347.218 Shares without nominal value Registered shares 16.355.265 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Shares dematerialized 65.991.953 XXXXXXXXXXXXXXXXXXXX Capital called but not Uncalled amount Codes paid Capital not paid Uncalled capital XXXXXXXXXXXXXXXXXXXX Called up capital, unpaid XXXXXXXXXXXXXXXXX . Shareholders having yet to pay up in full �� �� Codes Period Own shares Held by the company itself Amount of capital held 13.813.334 8722 1.381.140 Corresponding number of shares Held by the subsidiaries Amount of capital held Corresponding number of shares Owing to the exercise of conversion rights Amount of outstanding convertible loans Amount of capital to be subscribed Corresponding maximum number of shares to be issued Owing to the exercise of subscription rights Number of outstanding subscription rights Amount of capital to be subscribed Corresponding maximum number of shares to be issued . 411.793.733 8751 Authorized capital not issued	STATEMENT OF CAPITAL
	Capital


































	Commitments to issue shares

Codes | |

Period

|--|

	Codes	Period
Shares issued, non representing capital
Distribution
Number of shares	8761
Number of voting rights attached thereto		.
Allocation by shareholder
Number of shares held by the company itself		.
Number of shares held by its subsidiaries

	Period
Supplementary explanation relating to the contribution (including the industry contribution)

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ANALYSIS OF THE HEADING 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNJFJCANT
Share based payments	5.012.473

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE
YEAR, ACCORDING TO THEIR RESIDUAL TERM

Current portion of amounts payable after more than one year falling due within one year Financial debts	8801

Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations
Credit institutions
Other loans	8851
Trade debts	8861	.
Suppliers	8871
Bills of exchange payable	8881
Advance payments received on contract in progress
Other amounts payable	8901
Total current portion of amounts payable after more than one year falling due within one year (42)
Amounts payable with a remaining term of more than one but not more than five years
Financial debts	8802	830.000.000
Subordinated oans	8812	.
Unsubordinated debentures	8822	580.000.000

Leasing and other similar obligations		220.000.000
Credit institutions	8842
Other loans	8852	30.000.000
Trade debts	8862
Suppliers	8872	.
Bills of exchange payable
Advance payments received on contracts in progress
Other amounts payable	8902
Total amounts payable with a remaining term of more than one but not more than five years	8912	830.000.000
Amounts payable with a remaining term of more than five years
Financial debts	8803
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations
Credit institutions
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments received on contracts in progress
Other amounts payable	8903
Total amounts payable with a remaining term of more than five years	8913

Nr. BE 0550.880.915		F-cap 6.9

	Codes	Period
GUARANTEED AMOUNTS PAYABLE (included in headings 17 and 42/48 of the liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and similar obligations
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable
Advance payments received on contracts in progress
Remuneration and social security
Other amounts payable	8051
Total amounts payable guaranteed by Belgian public authorities

Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets
Financial debts	8922	800.000.000
Subordinated loans	8932
Unsubordinated debentures	8942	580.000.000
Leasing and similar obligations	8952	.
Credit institutions	8962	220.000.000
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security		.
Taxes		.
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets	9062	800.000.000

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 and 179 of the liabilities)
Outstanding tax debts
Accruing taxes payable		412.329
Estimated taxes payable	450	29.496
Remuneration and social security (headings 454/9 and 179 of the liabilities)
Amounts due to the National Social Security Office
Other amounts payable in respect of remuneration and social security		2.920.696

BE 0550.880.915		F-cap 6.9
		Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant	Accrued interest	10.704.384
	Accrued charges salaries	161.220
	Accrued Commitment Fee	40.833

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity

��

��
Allocation into geographical markets
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
��
��
Other operating income Operating subsidies and compensatory amounts received from public authorities
OPERATING CHARGES
Employees for whom the enterprise submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date	9086	61	76
Average number of employees calculated in full-time equivalents	9087	67.2	73.0
Number of actual worked hours	9088	111.421	123.373
Personnel costs
Remuneration and direct social benefits	620	8.284.449	10.831.153
Employers' contribution for social security	621	1.717.098	1.739.807
Employers' premiums for extra statutory insurance	622	1.058.696	981.624
Other personnel costs	623	1.458.544	-1.959.121
Retirement and survivors' pensions	624

BE 0550.880.915				F-cap 6.10

		Codes	Period	Preceding period
Provisions for pensions and other similar rights
	Appropriations (uses and write-backs)	635		-5.455.423
Amounts written off
Stocks and contracts in progress
	Recorded
	Written back	9111
Trade debts
	Recorded	9112
	Written back	9113		600-208
Provisions for liabilities and charges
	Additions	9115	75.960
	Uses and write-backs, --------------------------------------------------------------------------------------------------------------------------------------------------------	9116		5.455.423
Other operating charges
	Taxes related to operation		3.497	1.667
	Other Costs	641/8		578.876
Hired temporary staff and personnel placed at the enterprise's disposal
	Total number at the closing date	9096
	Average number calculated in full-time equivalents	9097	0,1	0.1
	Number of actual worked hours	9098	179	132
	Costs to the enterprise	617	2.817	2.725

FINANCIAL RESULTS

	Codes	Period	Preceding period
RECURRING FINANCIAL INCOME
Other financial income Subsidies granted by public authorities and recorded as income for the period
Capital subsidies	9125
lnterest subsidies	9126
Allocation of other financial income
Currency differences realized		6.309.693	12.034.666
Others
��
��
��
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses
Capitalized Interests	6502
Amounts written off current assets
Recorded		5.351.761	10.660.045
Written back	6511
Other financial charges Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653
Provisions of a financial nature
Appropriations
Uses and write-backs	6561
Allocation of other financial charges
Currency differences realized
Currency translation differences Others
Exchange rate differences		7.194.496	12.712.815
Less value realisation of current asset		1.185.209	1.546.539
Factor Fee		625.163	0
Agency Fee		105.000	140.000
Other Financial Costs		100.630	81.405

______________________________________________________________________________________________________________________________________________________________________________

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Preceding period
NON RECURRING INCOME	76	1.531.442
Non-recurring operating income	(76A)	1.398.973	.
Write-back of depreciation and of amounts written off intangible and tangible
fixed assets	760
Write-back of provisions for non-recurring operating liabilities and charges	7620
Capital gains on disposal of intangible and tangible fixed asset	7630
Other non-recurring operating income	764/8	1.398.973
Non-recurring financial income	(76B)	132.469
Write-back of amounts written down financial fixed assets	761
Write-back of provisions for non-recurring financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631
Other non-recurring financial income	769	132.469
NON-RECURRING EXPENSES	ଚିତ୍ର	112.646	13.289.546
Non-recurring operating charges	(66A)		13.278.928
Non-recurring depreciation of and amounts written off formation expenses,
intangible and tangible fixed assets	660
Provisions for non-recurring operating liabilities and charges: Appropriations (uses)	6620
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7 -		13.278.928
Non-recurring operating charges carried to assets as restructuring costs .(-)	6690
Non-recurring financial charges	(66B)	112.646	10.618
Amounts written off financial fixed assets	661
Provisions for non-recurring financial liabilities and charges: Appropriations
(uses)	6621
Capital losses on disposal of financial fixed assets	6631	34.351	10.618
Other non-recurring financial charges	668	78.295
Non-recurring financial charges carried to assets as restructuring costs (-)	6691		.

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period		103.176
Income taxes paid and withholding taxes due or paid		103.176
Excess of income tax prepayments and withholding taxes paid recorded under assets 9136
Estimated additional taxes
Income taxes on the result of prior periods
Additional income taxes due or paid	9139	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Additional income taxes estimated or provided for
In so far as taxes of the period are materially affected by differences between the profit before taxes as stated in annual accounts and the estimated taxable profit
Disallowed expenses		607.797
Non-deductable interest cost		10.394.571
Less value own shares		6.536.970
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

	Period
mpact of non recurring results on the amount of the income taxes relating to the current period
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

	Codes	Period
Status of deferred taxes Deferred taxes representing assets Accumulated tax losses deductible from future taxable profits	9141	120.833.502 120.833.502
Other deferred taxes representing assets Carry-forward excess net borrowing costs /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////		22.548.452
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Deferred taxes representing liabilities Allocation of deferred taxes representing liabilities		.
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

	Period	Preceding period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	6.758.542	5.684.534
By the enterprise	2.493.393	1.532.903
Amounts withheld on behalf of third party
For payroll withholding taxes	5.591.367	6.569.632
For withholding taxes on investment income

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………		1.618.415.055
Of which
Bills of exchange in circulation endorsed by the enterprise
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise		1.618.415.055
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of the enterprise
Mortgages
Book value of the immovable properties mortgaged
Amount of registration
Amount of registration by mandate
Pledging of goodwill
Pledging of goodwill - Max amount
Pledging of goodwill - Amount of the registration by mandate
Pledging of other assets
Pledging of other assets - Book value
Pledging of other assets - Max amount
Guarantees provided on future assets
Guarantees provided on future assets - Amount assets involved
Guarantees provided on future assets - Max amount
Seller privilege
Seller privilege - Book value
Seller privilege - Unpaid amount	92021

Nr. BE 0550.880.915		F-cap 6.14 I

	Codes	Period

Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of third parties Mortgages
Book value of the immovable properties mortgaged
Amount of registration	91622
Amount of registration by mandate
Pledging of goodwill
Pledging of goodwill - Max amount
Pledging of goodwill - Amount of the registration on goodwill pledged by mandate
Pledging of other assets
Pledging of other assets - Book value
Pledging of other assets - Max amount
Guarantees provided on future assets
Guarantees provided on future assets - Amount assets involved
Guarantees provided on future assets - Max amount		.
Seller privilege
Seller privilege - Book value
Seller privilege - Unpaid amount

	Codes	Period
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
��
		.
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………		.
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………		.
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215	233.237.076
Currencies sold (to be delivered)	9216	233.237.076

Nr.	BE 0550.880.915		F-cap 6.14

			Period
		COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

		/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
		----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
		��

			Period
		AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
		��

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

SUPPI FMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE

Brief description

ENTERPRISE

Measures taken by the enterprise to cover the resulting charges

	Codes	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting from past services	9220
Methods of estimation

	Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE NOT INCLUDED IN THE BALANCE SHEET OR THE INCOME STATEMENT

BE 0550.880.915 Nr.		F-cap 6.14

		Period
PURCHASE	IENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR
	Stock Options	31.228.726
	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
	!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

	Period
NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN
THE BALANCE SHEET
Provided that the risks or advantages coming from these transactions are significant and if the disclosure of the risks or advantages is necessary to appreciate the financial situation of the company
Ontex Group NV has a factoring agreement with a financial institution for an amount of EUR 104.935.304 per December 31, 2021.
The guarantees, included under code 9149, 9381 and 9391, are determined in accordance with the
syndicate credit facilities agreement and were calculated on the Guarantor (Ontex Group NV)
and the Co-quarantors (listed below)
Guarantors SFA
Ontex Group NV (Belgium)
Ontex BV (Belgium)
Ontex CZ (Czech Republic)
Ontex Mayen GmbH (Germany)
Ontex Hygiëneartikel GmbH (Germany)
Ontex Vertrieb Gmbh (Germany) Ontex Manufacturing (Italy)
Serenity Spa (Italy)
Ontex Peninsular SA (Spain)
Ontex ID SA (Spain)
Ontex Retail UK Ltd (United Kingdom)
Ontex Healthcare UK (United Kingdom)
Grupo P.I. Mabe, S.A. de C.V.I. (Mexico)
Productos Internationales Mabe, S.A. de C.V. (Mexico)
Ontex France SA (France)
Ontex Santé France (France)
Ontex Polska sp z.o.o. (Poland)
Valor Brands LLC (United States)
Ontex Operations USA LLC (United States)


	0




	Period

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those which can not be quantified)

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets		2.807.369.252	3.255.743.093
Participating interests		1.907.965.289	1.907.965.289
Subordinated amounts receivable	9271		.
Other amounts receivable	9281	899.403.963	1.347.777.804
Amounts receivable	9291	189.862.544	39.794.119
Over one year	9301	.
Within one year	9311	189.862.544	39.794.119
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	320.686.651	543.501.293
Over one year		30.000.000	263.000.000
Within one year		290.686.651	280.501.293
Personal and real guarantees Provided or irrevocably promised by the enterprise as security for debts or
commitments of affiliated enterprises	9381	1.618.415.055	1.640.936.969
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391	1.172.641.413	1.539.006.560
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421	.
Income from current assets	9431	30.159.629	24.164.759
Other financial income	9441
Debt charges	9461	503.379	1.927.157
Other financial charges	9471		.
Disposal of fixed assets
Capital gains obtained
Capital losses suffered	9491

	Codes	Period	Preceding period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253
Participating interests	9263
Subordinated amounts receivable	9273
Other amounts receivable	9283
Amounts receivable	9293
Over one year	9303
Within one year	9313
Amounts payable	9353
Over one year
Within one year
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or	9383
commitments of associated enterprises Provided or irrevocably promised by associated enterprises as security for
debts or commitments of the enterprise	9393
Other significant financial commitments	9403
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252
Participating interests
Subordinated amounts receivable	9272
Other amounts receivable	9282
Amounts receivable	9292
Over one year	9302
Within one year	9312
Amounts payable	9352
Over one year	9362
Within one year	9372

Nr.

BE 0550.880.915

	Period
TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONS Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions which should be necessary to get a better understanding of the situation of the company
NHW	0

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
��

F-cap 6.15

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS
Amounts receivable from these persons
Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts

Guarantees provided in their favour
Other significant commitments undertaken in their favour
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers		1.345.000
To former directors and former managers

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees		253.920
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions		196.988
Tax consultancy
Other missions external to the audit
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions
Tax consultancy
Other missions external to the audit

Mentions related to article 3:64, §2 and §4 of the Companies and Associations Code

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION TO DISCLOSE BY EACH ENTERPRISE THAT IS SUBJECT TO COMPANY LAW ON THE CONSOLIDATED ACCOUNTS OF enterprises

The enterprise has prepared and published consolidated accounts and a consolidated report

Nr.	BE 0550.880.915

FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE ENTERPRISE IN BELGUM WITH AUDITORS OR WITH PEOPLE THEY ARE LINKED TO

	Codes	Period
Mentions related to article 3:65, §4 and §5 of the Companies and Associations Code
Auditor's fees according to a mandate at the group level led by the company publishing the information		336.781
Fees for exceptional services or special missions executed in these group by the auditor
Other attestation missions	95071	241.755
Tax consultancy	95072
Other missions external to the audit
Fees to people auditors are linked to according to the mandate at the group level led by the company publishing the information		828.114
Fees for exceptional services or special missions executed in the group by people they are linked to
Other attestation missions		121.910
Tax consultancy	95092	30.046
Other missions external to the audit

Mentions related to article 3:64, §2 and §4 and of the Companies and Associations Code

VALUATION RULES

BE 0550.880.915 Summary Accounting policies "naamloze vennootschap" Ontex Group , Korte Keppestraat 21, 9320 Erembodegem

The accounting policies have been set in accordance with the Royal Decree of 30 January 2001 in execution of the Companies Act. These are applicable for the whole set of receivables, liabilities and obligations, of whatever nature, related to Ontex Group NV and the own funds provided to this Company.

The accounting policies are in particular applicable for the determination and adjustment of depreciations, amortizations and provisions for liabilities and charges as well as revaluations. 1.General Accounting Policies a) Individual valuation of each asset component Every component of the assets is valued individually. The depreciations, amortizations and

revaluations are specific to the related asset components. The provisions for liabilities and charges are valued individually.

b) Prudence, sincerity and good faith The amortizations, depreciations, valuations and provisions for liabilities and charges meet the requirements of prudence, sincerity and good faith. The depreciations, amortizations and provisions for liabilities and charges are systematically recorded and don't depend on the result of the year. c) Acquisition value - nominal value - revaluation As a general rule, each component of the assets is valued at its acquisition cost and shown in the balance sheet for that amount, minus any depreciation or write-downs. However :

The amounts receivable are shown, in principle, at their nominal value.
The tangible assets as well as the investments and shares reported under the financial assets can be valued according to the cases indicated in article 57 of the abovementioned Royal Decree. 2.Specific Accounting Policies Formation expenses

These expenses are shown at their acquisition value and are amortized using the straight-line method over 5 years as from the year of acquisition on a prorated daily basis.

The capitalized issuance costs relating to the borrowings are amortized over the term of the loan.

Restructuring costs are recoqnized in the section "Formation expenses" from the balance sheet and amortized using the straight-line method over a period of 5years on a prorated basis.

Tangible and intangible fixed assets a) Valuation gross value Tangible assets are carried at acquisition value and recorded for that amount in the balance sheet less any accumulated depreciation and impairment loss. The acquisition value represents the acquisition cost or where appropriate, the manufacturing price. The acquisition cost includes the acquisition price and any directly attributable costs. The manufacturing price includes in addition to the acquisition cost of the raw materials, consumables and supplies also the production costs.

b) Depreciations

Tangible assets with finite useful lives are depreciated spreading the related cost over the probable useful life of the asset. The tax regulations concerning declining balance depreciations and other methods of accelerated depreciations can be used .

An exceptional depreciation is applied to disposed assets that are no longer useful for the Company's activities in order to align their book value with their likely realization value. The intangible assets are amortized as follows:

20 % straight-line 33% straight-line -Research and development costs -Concessions, patents and licenses 20 % straight-line -Goodwill 20 % straight-line / -Prepayments The tangible assets are depreciated as follows: -Land and buildings 5 % straight-line 5 % declining balance -Additional building costs 5 % straight-line 5 % declining balance - Installation, machinery and equipment 20 % straigth-line - 20 % declining balance - 33 % straight-line (second hand and small equipment) -Furniture and vehicles 20 % straight-line - 20 % declining balance - 25 % straight-line 33 % straight-line (second hand) -Leasing and similar rights 20 % straight-line - 20 % declining balance -Other tangible assets 3 % straight-line - 33 % straight-line -Assets under construction 1 The assets are depreciated as from the year of acquisition on a prorata daily basis. The accounting year ending as per 31 december 2014 represents the Company's first accounting year. Financial assets Investments are recorded at their acquisition price or contribution value without supplementary costs . Receivables and guarantees are recorded at their nominal value. An impairment loss is accounted for in case of permanent capital loss or decline in value. Amounts receivable within one year Amounts receivable are recorded on the balance sheet at their nominal value. An appropriate write-down will be made if part or all of the payment on the due date is uncertain, or if the recoverable amount on the balance sheet date is lower than the book value. Cash investments Cash investments are valued at their nominal value. Repurchased own shares are valued at the acquisition value as calculated using the LIFO method. Cash and cash equivalents Balances held with financial institutions are valued at their nominal value. Both positive and neqative translation differences totalised per currency, for cash and cash equivalents in foreign currency are recorded in the financial results. Provisions for liabilities and charqes Management determines with prudence and good faith the provisions to be recorded for any pending disputes, charges and risks. Amounts payable after more than 1 year and within 1 year Amounts payable are shown in the balance sheet at their nominal value. Receivables and payables in foreign currency Receivables and payables are converted using the exchange rate on the last trading day of the accounting year where both the positive translation results totalized per currency are recorded in the income statement. Accruals and deferrals Accruals and deferrals are valued at their acquisition cost and recorded in the balance sheet for the part that refers to the next accounting year or years. 3. Free disclosure

As the results for the financial years ending on 31 December 2020 and 2021 show a loss, the

Nr.	BE 0550.880.915
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application of the valuation rules under the assumption of going concern must be justified in accordance with Article 3:6, §1, 6° New Companies Code.

The company is subject to the same continuity risk as the group as a whole.

Management has prepared detailed budgets and cash flow forecasts for the next years, which reflect the strategy of the Group. Management acknowledges that uncertains in these cash flow forecasts, but the Company is confident that, taking into account its available cash, cash equivalents, facilities available to the Company as committed facilities, it has sufficient liquidity to meet its present and future obligations and cover working capital needs.

The Group complied with all requirements of the loan covenants on its available credit facilities throughout the reporting period. Furthermore, as a support for the implementation of the strategic review communicated in December 2021, the leverage covenant is temporarily (till June 30, 2023) replaced by a liquidity covenant providing the company sufficient headroom.

On July 7, 2021 the Group repaid its credit agreement dated 26 September 2017 and entered into a new credit agreement for an amount of €220.0 million (Syndicated Term Loan A), an amount of €250.0 million (Syndicated Term Loan B) not drawn at year-end 2021 and an unsubordinated debenture loan for an amount of €580.0 million maturing in 2026.

Due to the new refinancing, the structure and content of the quarantees have changed. The old real guaranties were cleared by a general release agreement fulfilling all local formalities. The new guarantees, included under code 9149, 9381 and 9391, are determined in accordance with the

syndicate credit facilities agreement and were calculated on the equity of the Guarantor (Ontex Group NV) and the Co-guarantors (listed below)

Guarantors SFA Ontex Group NV (Belgium) Ontex BV (Belgium) Ontex CZ (Czech Republic) Ontex Mayen GmbH (Germany) Ontex Hygiëneartikel GmbH (Germany) Ontex Vertrieb Gmbh (Germany) Ontex Manufacturing (Italy) Serenity Spa (Italy) Ontex Peninsular SA (Spain) Ontex ID SA (Spain) Ontex Retail UK Ltd (United Kingdom) Ontex Healthcare UK (United Kingdom) Grupo P.I. Mabe, S.A. de C.V.I. (Mexico) Productos Internationales Mabe, S.A. de C.V. (Mexico) Ontex France SA (France) Ontex Santé France (France) Ontex Polska sp z.o.o. (Poland) Valor Brands LLC (United States) Ontex Operations USA LLC (United States)

The company is part of a VAT unit that was established within the Ontex Group and of which the following companies are part of Ontex BV Eutima BV Ontema BV As a consequence, the company is liable for the VAT debts of all the above mentioned companies.

In the course of 2019 Ontex Group NV acted as guarantor for an external loan of 300 million Mexican Pesos issued by Bank of America Merrill Lynch to Grupo P.I. Mabe S.A. de C.V.

Comments of the consisted on the control of	DE NEEN 990 015
AAW	DE UJJU.OQU.YT.

OTHER INFORMATIONS TO DISCLOSE

For the financial year ending December 31, 2021 we have made use of the German regulations in accordance with §264 III HGB relating to the exemption of publishing financial statements and management reports. Accordingly, Ontex Group NV acts as a guarantor for the debts assumed by these entities in 2020 and 2021:

Ontex Vertrieb GmbH, Mayen;
Ontex Mayen GmbH, Mayen;
Moltex Baby-Hygiene GmbH, Mayen;
WS Windel-Shop, Mayen;
Ontex Healthcare Deutschland GmbH, Lotte;
Ontex Hygieneartikel Deutschland GmbH, Großpostwitz; and
Ontex Engineering GmbH & Co. KG, Mayen.

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

Codes During the current period		Total	1. Men	2. Women
Average number of employees
Full-time		66.1	44.7	21,4
Part-time		1,3		1,3
Total in full-time equivalents		67,2	44,7	22,5
Number of hours actually worked
Full-time		109.785	77.259	32.526
Part-time		1.636		1.636
Total		111.421	77.259	34.162
Personnel costs
Full-time		12.334.973	8.680.491	3.654.482
Part-time	1022	183.814		183.814
Total		12.518.787	8.680.491	3.838.296
Advantages in addition to wages 1033		98.022	67.948	30.074

During the preceding period		Codes P. Total	1P. Men	2P. Women
Average number of employees in FTE		73.0	47.0	26.0
Number of hours actually worked	י 1013 ו	123.373	82.302	41.071
Personnel costs	1023	11.593.463	7.734.018	3.859.445
Advantages in addition to wages	1033

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued)

Codes At the closing date of the period		Full-time	2. Part-time	Total full-time equivalents
105 Number of employees		60	1	60.8
By nature of the employment contract
Contract for an indefinite period	110	60	1	60.8
Contract for a definite period	111
Contract for the execution of a specifically assigned work	112
113 Replacement contract
According to gender and study level
Men		40		40,0
primary education	1200	1		1,0
secondary education	1201	2		2,0
higher non-university education	1202	18		18,0
university education	1203	19		19.0
Women	121	20	1	20,8
primary education	1210
secondary education	1211
higher non-university education	1212	7	1	7,8
university education	1213	13		13,0
By professional category
Management staff
Employees		60	1	60,8
Workers
Others	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Hired temporary staff
Average number of persons employed	150	0.1
Number of hours actually worked	151	179
Costs for the enterprise		2.817

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES

Number of employees for whom the entreprise submitted a DIMONA declaration or who have been recorded in the general personnel register during the financial year ...............

By nature of employment contract

Contract for an indefinite period ........................................................................................................................................... Contract for a definite period .............................................................................................................................................. Contract for the execution of a specifically assigned work ...... Replacement contract .........................................................................................................................................................

Codes	Full-time 1.	3. Total full-time equivalents
205	6	6,0
210	6	6,0
211
212
213

DEDADTHDES

DEPARTURES	Codes	Full-time	2. Part-time	ന Total full-time equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general 305 personnel register during the financial year		20	1	20,8
By nature of employment contract
Contract for an indefinite period	310	20	1	20,8
Contract for a definite period	311
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340
Unemployment with extra allowance from enterprise	341
Dismissal	342	5		5,0
Other reason	343	15	1	15,8
the number of persons who continue to render services to
the enterprise at least half-time on a self-employed basis	350

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

	Codes	Men	Codes
Total of initiatives of formal professional training at the expense of the employer
Number of employees involved			5811
Number of actual training hours	5802		5812
Net costs for the enterprise	5803		5813
of which gross costs directly linked to training	58031	.	58131
of which fees paid and paiments to collective funds	58032		58132
of which grants and other financial advantages received (to deduct)	58033		58133
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821		5831
Number of actual training hours	5822		5832
Net costs for the enterprise	5823		5833
Total of initiatives of initial professional training at the expense of the employer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852
Net costs for the enterprise	5843		5853

Nr. BE 0550.880.915		F-cap 10
SOCIAL BALANCE SHEET
Number of joint industrial committee:	120 214

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Ontex Group NV — Annual Report 2021

3985_rns_2022-04-04_58640188-444b-4182-82ec-00d1fd21a861.pdf

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (on date of deposit)

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS (CONTINUED)

Represented by:

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

INCOME STATEMENT

APPROPRIATION ACCOUNT

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES OR CAPITAL INCREASE EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS

STATEMENT OF INTANGIBLE FIXED ASSETS

STATEMENT OF TANGIBLE FIXED ASSETS

STATEMENT OF FINANCIAL FIXED ASSETS

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES

LIST OF COMPANIES FOR WHICH THE COMPANY HAS UNLIMITED LIABLITY IN THE CAPACITY OF UNLIMITED LIABLE PARTNER OR MEMBER

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

OPERATING RESULTS

FINANCIAL RESULTS

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

INCOME TAXES AND OTHER TAXES

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

FINANCIAL RELATIONSHIPS WITH

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

VALUATION RULES

b) Depreciations

OTHER INFORMATIONS TO DISCLOSE

OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued)

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES

By nature of employment contract

DEDADTHDES

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

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Ontex Group NV Annual Report 2021