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Ontex Group NV — Annual Report 2023
Apr 3, 2024
3985_rns_2024-04-03_71bc7836-6d00-45f4-864e-83367f6169c0.pdf
Annual Report
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ANNUAL ACCOUNTS AND/OR OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE
IDENTIFICATION DETAILS (at the filing date)
| ONTEX GROUP NAME: |
||||
|---|---|---|---|---|
| Legal form: | ||||
| Address: Korte Keppestraat | ||||
| Postal code: | ||||
| Country: Belgium | ||||
| Register of legal persons – Commercial court: Gent, Division Dendermonde | ||||
| Website™………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… | ||||
| E-mail address ' | ||||
| Company registration number | 0550.880.915 | |||
| DATE the deed of incorporation and of the deed of amendment of the articles of association. |
||||
| This filing concerns: | ||||
| the ANNUAL ACCOUNTS in EURO approved by the general meeting of × 03 / 05 / 2024 |
||||
| × the OTHER DOCUMENTS |
||||
| regarding | ||||
| 01 / 01 / 2023 to the financial year covering the period from |
31 / 12 / 2023 | |||
| the preceding period of the annual accounts from 01 / 01 / 2022 to |
31 / 12 / 2022 | |||
| The amounts for the preceding period are l'axe Mate identical to the ones previously published. |
Total number of pages filed: ....................... Numbers of the standard model form not filed because they serve no useful purpose: ..... 6.1, 6.2.2, 6.3.4, 6.4.2, 6.7.2, 6.17, 8, 9, 11, 12, 13, 14, 15
ViaBylity BV, permanently represented by Hans Van Bylen
Director
Signature (name and position)
Inge Boets BV, permanently represented by Inge Boets
Signature (name and position)
Optional mention.
1
2 Strike out what does not apply.
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.: 0458.838.011 Onderheide 28, 2930 Brasschaat, Belgium
Represented by:
Inge Boets (Representative) Onderheide 28, 2930 Brasschaat, Belgium
Regina SARL Nr.: CH393694785 Ch. Des Fontaines 20, 1297 Founex, Switzerland
Represented by:
Regi Aalstad Ch. Des Fontaines 20, 1297 Founex, Switzerland
Viabylity BV Nr.: 0744.427.785 Rombaut Keldermansstraat 28, 2650 Edegem, Belgium
Represented by:
Hans Van Beylen Rombaut Keldermansstraat 28, 2650 Edegem, Belgium
Alane Sprl Nr.: RCS453499477 Boulevard de Beauséjour 45, 75016 Paris, France
Represented by:
Aldo Cardoso Boulevard de Beauséjour 45, 75016 Paris, France
MJA Consulting Nr.: 0848.139.987 Simonnelaan 17, 1640 Rhode-Saint-Genèse, Belgium
Represented by:
Manon Janssen Simonnelaan 17, 1640 Rhode-Saint-Genèse, Belgium
HVV GmbH Nr.: ATU78058637 Nassereinerstrasse 57, 6580 Sankt Anton, Austria
Represented by:
Director 02/06/2014 - 05/05/2026
Director 19/06/2019 - 01/01/2023
Chairman of the board of directors 25/05/2020 - 06/05/2024
Director 24/05/2019 - 02/01/2023
Director 25/05/2021 - 05/05/2025
Director 01/10/2022 - 05/05/2025
LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS (CONTINUED)
Jesper Hojer Nassereinerstrasse 57, 6580 Sankt Anton, Austria
Michael Bredael Groeselenbergstraat 158, 1180 Uccle, Belgium
Hochgesand Isabel Brahmsallee 107, 20144 Hamburg, Germany
Olsen Rodney Centenary Avenue 7527, 75225 Dallas, United States
Ebrahim Attarzadeh Hurdnerwäldliststrasse 63, 8808 Pfaffikon, Switzerland
Paul McNulty Mühlebachstraase 59, 8008 Zürich, Switzerland
BV PwC Nr.: 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 24/05/2017 - 05/05/2025
Director 25/05/2021 - 05/05/2025
Director 25/05/2021 - 05/05/2025
Director 05/05/2022 - 05/05/2026
Director 05/05/2022 - 05/05/2026
Auditor 05/05/2023 - 05/05/2026
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. 5 of the law of 17th March 2019 concerning the professions of accountant and tax advisor.
The annual accounts were not " audited or corrected by a certified accountant or by a company auditor who is not the statutory auditor.
If affirmative, mention hereafter: surname, profession and address of each certified 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 accountants, you can mention hereaffer: surname, first names, profession and address of each accountant and hisher affiliation number with the Institute of Tax Advisers and Accountants (ITAA) 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.
Nr.
0550.880.915
ANNUAL ACCOUNTS
BALANCE SHEET AFTER APPROPRIATION
| Discl. | Codes | Period | Preceding period | |
|---|---|---|---|---|
| ASSETS | ||||
| Formation expenses | 20 6.1 |
|||
| FIXED ASSETS | 21/28 | 2.583.382.317,00 | 2.699.468.843.00 | |
| Intangible fixed assets | 21 6.2 |
14.197.088,00 | 14.317.567,00 | |
| Tangible fixed assets | 6.3 | 22/27 | 369.889,00 | 580.088,00 |
| Land and buildings | 22 | 17,00 | 238,00 | |
| Plant, machinery and equipment | 23 | 369.812,00 | 579.850,00 | |
| Furniture and vehicles | 24 | |||
| Leasing and similar rights | 25 | |||
| Other tangible fixed assets | 26 | |||
| Assets under construction and advance payments | 27 | |||
| Financial fixed assets | 28 | 2.568.815.340.00 | 2.684.571.188.00 | |
| Affiliated enterprises | 280/1 | 2.568.627.466,00 | 2.684.430.511,00 | |
| Participating interests | 280 | 1.687.065.289,00 | 1.687.065.289,00 | |
| Amounts receivable | 281 | 881.562.177,00 | 997.365.222,00 | |
| Enterprises linked by participating interests 6.15 | 282/3 | |||
| Participating interests | 282 | |||
| Amounts receivable | 283 | |||
| Other financial assets | 284/8 | 187.874,00 | 140.677,00 | |
| Shares | 284 | |||
| Amounts receivable and cash guarantees | 285/8 | 187.874,00 | 140.677.00 |
F-cap 3.1
| Discl. | Codes | Period | Preceding period | |
|---|---|---|---|---|
| EQUITY AND LIABILITIES | ||||
| EQUITY | 10/15 | 1.661.725.038,00 | 1.659.049.581,00 | |
| Contribution Capital Issued capital Uncalled capital 4 Outside the capital Share premium account Others |
10/11 10 100 101 11 1100/10 1100/19 |
1.236.329.608,00 823.587.466,00 823.587.466,00 412.742.142,00 412.742.142,00 |
1.236.329.608,00 823.587.466,00 823.587.466,00 412.742.142,00 412.742.142,00 |
|
| Revaluation surpluses | 12 | |||
| Reserves Reserves not available Legal reserve Reserves statutorily not available Aquisition of own shares Financial support Other |
13 130/1 130 1311 1312 1313 1319 |
266.892.252,00 38.915.615,00 29.793.957,00 9.121.658.00 |
265.564.741,00 37.588.104,00 29.660.184,00 7.927.920.00 |
|
| Untaxed reserves Available reserves |
132 133 |
227.976.637,00 |
227.976.637.00 | |
| Accumulated profits (losses) (+)/(-) | 14 | 158.503.178,00 | 157.155.232,00 | |
| Investment grants | 15 | |||
| Advance to associates on the sharing out of the assets ° | 19 | |||
| PROVISIONS AND DEFERRED TAXES | 16 | 8.468.079,00 | 6.067.602,00 | |
| Provisions for liabilities and charges Pensions and similar obligations Taxation Major repairs and maintenance Environmental obligations Other liabilities and charges |
160/5 160 161 162 163 164/5 |
8.468.079.00 . 8.468.079,00 |
6.067.602,00 . 6.067.602,00 |
|
| Deferred taxes | 168 |
4 Amount to substract of the issued capital
5 Amount to substract from the other part of the equity
| Discl. | Codes | Period | Preceding period | |
|---|---|---|---|---|
| AMOUNTS PAYABLE | 17/49 | 1.348.480.674,00 | 1.366.168.736,00 | |
| Amounts payable after more than one year | 6.9 | 17 | 580.000.000,00 | 800.000.000,00 |
| Financial debts | 170/4 | 580.000.000,00 | 800.000.000,000 | |
| Subordinated loans | 170 | |||
| Unsubordinated debentures | 171 | 580.000.000,00 | 580.000.000,00 | |
| Leasing and other similar obligations | 172 | |||
| Credit institutions | 173 | 220.000.000,00 | ||
| Other loans | 174 | |||
| 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 | 6.9 | 42/48 | 758.935.390,00 | 555.069.678.00 |
| Current portion of amounts payable after more than one year | ||||
| falling due within one year | 42 | 115.000.000,00 | 146.811.680,00 | |
| Financial debts | 43 | 178.269.256,00 |
160.247.412,00 | |
| Credit institutions | 430/8 | |||
| Other loans | 439 | 178.269.256,00 | 160.247.412,00 | |
| Trade debts | 44 | 7.604.820,00 | 14.895.581,00 | |
| Suppliers | 440/4 | 7.604.820.00 |
14.895.581.00 |
|
| Bills of exchange payable | 441 | |||
| Advances received on contracts in progress | 46 | |||
| Taxes, remuneration and social security | 6.9 | 45 | 4.828.608,00 | 3.639.693,00 |
| Taxes | 450/3 454/9 |
2.091.279,00 2.737.329.00 |
453.751,00 3.185.942.00 |
|
| Remuneration and social security | 47/48 | |||
| Other amounts payable | 453.232.706,00 | 229.475.312,00 | ||
| Accruals and deferred income | 6.9 | 492/3 | 9.545.284,00 | 11.099.058,00 |
| TOTAL LIABILITIES | 10/49 | 3.018.673.791,00 | 3.031.285.919,00 |
INCOME STATEMENT
| Discl. | Codes | Period | Preceding period | |
|---|---|---|---|---|
| Operating income | 70/76A | 56.161.708,00 | 24.636.803,00 | |
| Turnover Stocks of finished goods and work and contracts in progress: |
70 | |||
| increase (decrease) Own work capitalised |
71 72 |
|||
| Other operating income | 74 | 56.161.708,00 | 24.039.933,00 | |
| Non-recurring operating income | 76A | 596.870.00 | ||
| Operating charges | 60/66A | 49.568.756,00 | 61.915.161,00 | |
| Raw materials, consumables | 60 | |||
| Purchases | 600/8 | |||
| Stocks: decrease (increase) | 609 | |||
| Services and other goods | 61 | 28.626.508,00 | 39.532.455,00 | |
| Remuneration, social security costs and pensions (+)/(-) 6.10 | 62 | 11.533.623.00 | 13.793.769.00 | |
| Depreciation of and other amounts written off formation expenses, intangible and tangible fixed assets Amounts written off stocks, contracts in progress and trade |
630 | 6.103.392,00 | 6.929.698.00 | |
| debtors: Appropriations (write-backs) (+)/(-) 6.10 Provisions for liabilities and charges: Appropriations (uses |
631/4 | |||
| and write-backs) | 635/8 | 2.550.477,00 | 905.129,00 | |
| Other operating charges | 640/8 | 13.840.00 | 44.619.00 | |
| Operating charges carried to assets as restructuring costs (-) | 649 | |||
| Non-recurring operating charges | 66A | 740.916.00 | 709.491.00 | |
| Operating profit (loss) | 9901 | 6.592.952,00 | -37.278.358,00 |
| Discl. | Codes | Period | Preceding period | |
|---|---|---|---|---|
| Financial income Recurring financial income Income from financial fixed assets Income from current assets Other financial income Non-recurring financial income |
75/76B 75 750 751 752/9 76B |
81.150.774,00 80.692.543,00 69.010.496.00 11.682.047,00 458.231,00 |
65.560.110,00 65.560.110,00 55.013.707.00 10.546.403,00 |
|
| Financial charges Recurring financial charges Debt charges Amounts written off current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs) Other financial charges Non-recurring financial charges |
65/66B 65 650 651 652/9 66B |
81.937.066,00 67.999.134.00 57.425.855,00 10.573.279,00 13.937.932,00 |
271.239.874,00 50.335.824.00 38.286.944.00 948.961,00 11.099.919,00 220.904.050,00 |
|
| Gain (loss) for the period before taxes (+)/(-) Transfer from deferred taxes |
9903 780 |
5.806.660,00 | -242.958.122,00 | |
| Transfer to deferred taxes | 680 | |||
| Income taxes Taxes Adjustment of income taxes and write-back of tax provisions |
67/77 670/3 77 |
3.131.203,00 3.131.203.00 |
2.004.722.00 2.004.722.00 . |
|
| Gain (loss) of the period | 9904 | 2.675.457,00 | -244.962.844,00 | |
| Transfer from untaxed reserves | 789 | |||
| Transfer to untaxed reserves | ୧୫୨ | |||
| Gain (loss) of the period available for appropriation (+)/(-) | 9905 | 2.675.457,00 | -244.962.844,00 |
APPROPRIATION ACCOUNT
| Codes | Period | Preceding period | |
|---|---|---|---|
| Profit (loss) to be appropriated | 9906 | 159.830.689,00 | 155.428.983,00 |
| Gain (loss) of the period available for appropriation | (9905) | 2.675.457,00 | -244.962.844.00 |
| Profit (loss) brought forward | 14P | 157.155.232,00 | 400.391.827,00 |
| Withdrawals from capital and reserves | 791/2 | 1.726.249,00 | |
| on the contribution | 791 | ||
| from reserves | 792 | 1.726.249,00 | |
| Transfer to capital and reserves | 691/2 | 1.327.511,00 | |
| to the contribution | 691 | ||
| to legal reserve | 6920 | 133.773,00 | |
| to other reserves | 6921 | 1.193.738.00 | |
| Profit (loss) to be carried forward | (14) | 158.503.178.00 | 157.155.232,00 |
| Owners' contribution in respect of losses | 794 | ||
| Profit to be distributed | 694/7 | ||
| Dividends ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, | 694 | . | |
| Directors' or managers' entitlements | 695 | ||
| Employees | ୧୨୧ | ||
| Other beneficiaries | 697 | . |
STATEMENT OF INTANGIBLE FIXED ASSETS
| Codes | Period | Preceding period | |
|---|---|---|---|
| DEVELOPMENT COSTS | |||
| Acquisition value at the end of the period | 8051P | XXXXXXXXXXXXXXXXXXXXX | 245.926,00 |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | 8021 | ||
| Sales and disposals | 8031 | 2.603,00 | |
| I ransters from one heading to another | 8041 | 66.683,00 | |
| Acquisition value at the end of the period | 8051 | 310.006.00 | |
| Depreciations and amounts written down at the end of the period | 8121P | XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX | 133.573.00 |
| Movements during the period | |||
| Recorded | 8071 | 49.132,00 | |
| 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 | 182.705.00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | 81311 | 127.301,00 |
| Nr. 0550.880.915 |
|---|
| --------------------- |
| Codes | Period | Preceding period | |
|---|---|---|---|
| Concessions, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS |
|||
| Acquisition value at the end of the period | 8052P | XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX | 52.837.213,00 |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | 8022 | 4.506.617,00 | |
| Sales and disposals | 8032 | ||
| Transfers from one heading to another | 8042 | 1.591.645.00 | |
| Acquisition value at the end of the period | 8052 | 58.935.475.00 | |
| Depreciations and amounts written down at the end of the period | 8122P | XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX | 39.063.328,00 |
| Movements during the period | |||
| Recorded | 8072 | 5.818.330,00 | |
| 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 | 44.881.658,00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | 211 | 14.053.817,00 |
| Nr. | 0550.880.915 |
|---|---|
| Codes | Period | Preceding period | |
|---|---|---|---|
| GOODWILL | |||
| Acquisition value at the end of the period | 8053P | XXXXXXXXXXXXXXXXXXXXXX | 148.498.638,00 |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | 8023 | ||
| Sales and disposals | 8033 | ||
| Transfers from one heading to another | 8043 | ||
| Acquisition value at the end of the period | 8053 | 148.498.638,00 | |
| Depreciations and amounts written down at the end of the period | 8123P | XXXXXXXXXXXXXXXXXXXXX | 148.498.638,00 |
| 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 | 148.498.638.00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | 212 |
| Nr. | 0550.880.915 |
|---|---|
| Codes | Period | Preceding period | |
|---|---|---|---|
| ADVANCE PAYMENTS | |||
| Acquisition value at the end of the period | 8054P | XXXXXXXXXXXXXXXXXXXX | 431.329,00 |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | 1.242.969,00 | ||
| Sales and disposals | 8034 | ||
| Transfers from one heading to another | 8044 | -1.658.328.00 | |
| Acquisition value at the end of the period | 8054 | 15.970.00 | |
| Depreciations and amounts written down at the end of the period | 8124P | XXXXXXXXXXXXXXXXXXXXX | |
| 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 ROOK VALUE AT THE END OF THE PERIOD | 213 | 15.970.00 |
STATEMENT OF TANGIBLE FIXED ASSETS
| Codes | Period | Preceding period | |
|---|---|---|---|
| LAND AND BUILDINGS | |||
| Acquisition value at the end of the period | 8191P | XXXXXXXXXXXXXXXXXXXXX | 3.214,00 |
| Movements during the period Acquisitions, including produced fixed assets Sales and disposals Transfers from one heading to another |
8161 8171 8181 |
||
| Acquisition value at the end of the period | 8191 | 3.214,00 | |
| Revaluation surpluses at the end of the period | 8251P | XXXXXXXXXXXXXXXXXXXX | |
| Movements during the period Recorded Acquisitions from third parties Cancelled Transferred from one heading to another |
8211 8221 8231 8241 |
||
| Revaluation surpluses at the end of the period | 8251 | ||
| Depreciations and amounts written down at the end of the period | 8321P | XXXXXXXXXXXXXXXXXXXXX | 2.976,00 |
| Movements during the period Recorded Written back Acquisitions from third parties Cancelled owing to sales and disposals Transferred from one heading to another |
8271 8281 8291 8301 8311 |
161.00 | |
| Depreciations and amounts written down at the end of the period | 8321 | 3.137,00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | (22) | 77,00 |
| Codes | Period | Preceding period | |
|---|---|---|---|
| PLANT, MACHINERY AND EQUIPMENT | |||
| Acquisition value at the end of the period | 8192P | XXXXXXXXXXXXXXXXXXXX | 5.721.478,00 |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | 8162 | 25.732,00 | |
| Sales and disposals | 8172 | ||
| Transfers from one heading to another | 8182 | ||
| Acquisition value at the end of the period | 8192 | 5.747.210.00 | |
| Revaluation surpluses at the end of the period | 8252P | XXXXXXXXXXXXXXXXXXXX | |
| Movements during the period | |||
| Recorded | 8212 | ||
| Acquisitions from third parties | |||
| 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 | XXXXXXXXXXXXXXXXXXXX | 5.141.628,00 |
| Movements during the period | |||
| Recorded | 8272 | 235.770,00 | |
| Written back | 8282 | ||
| Acquisitions from third parties | 8292 | ||
| Cancelled owing to sales and disposals | 8302 | ||
| Transferred from one heading to another | 8312 | ||
| Depreciations and amounts written down at the end of the period | 8322 | 5.377.398,00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | (23) | 369.812.00 |
| Codes | Period | Preceding period | |
|---|---|---|---|
| FURNITURE AND VEHICLES | |||
| Acquisition value at the end of the period | 8193P | XXXXXXXXXXXXXXXXXXX | 6.842.00 |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | 8163 | ||
| Sales and disposals | |||
| Transfers from one heading to another | 8183 | ||
| Acquisition value at the end of the period | 8193 | 6.842,00 | |
| Revaluation surpluses at the end of the period | 8253P | XXXXXXXXXXXXXXXXXXXX | |
| Movements during the period | |||
| Recorded | |||
| Acquisitions from third parties | |||
| 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 | 6.842,00 |
| 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 | 6.842,00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | (24) |
| Codes | Period | Preceding period | |
|---|---|---|---|
| OTHER TANGIBLE FIXED ASSETS | |||
| Acquisition value at the end of the period | 8195P | XXXXXXXXXXXXXXXXXXXXX | 36.564,00 |
| 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 | 36.564,00 | |
| Revaluation surpluses at the end of the period | XXXXXXXXXXXXXXXXXXXXX | ||
| Movements during the period | |||
| Recorded | 8215 | ||
| Acquisitions from third parties | |||
| 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 | XXXXXXXXXXXXXXXXXXXXX | 36.564,00 |
| Movements during the period | |||
| Recorded | 8275 | ||
| Written back | 8285 | ||
| Acquisitions from third parties | |||
| 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 | 36.564,00 | |
| 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 | XXXXXXXXXXXXXXXXXXXXX | 174.405.00 | |
| Movements during the period | |||
| Acquisitions, including produced fixed assets | |||
| Sales and disposals | 8176 | ||
| Transfers from one heading to another | 8186 | ||
| Acquisition value at the end of the period | 8196 | 174.405,00 | |
| Revaluation surpluses at the end of the period | 8256P | XXXXXXXXXXXXXXXXXXXXX | |
| 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 | 174.405,00 |
| Movements during the period | |||
| Recorded | |||
| Written back | 8286 | ||
| Acquisitions from third parties | |||
| Cancelled owing to sales and disposals | 8306 | . | |
| Transferred from one heading to another | 8316 | ||
| Depreciations and amounts written down at the end of the period | 8326 | 174.405,00 | |
| NET BOOK VALUE AT THE END OF THE PERIOD | (27) |
STATEMENT OF FINANCIAL FIXED ASSETS
| AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES 738.753.766,00 8391P XXXXXXXXXXXXXXXXXXXX Acquisition value at the end of the period Movements during the period Acquisitions 8361 Sales and disposals 8371 Transfers from one heading to another 8381 738.753.766,00 8391 Acquisition value at the end of the period 1.169.211.523,00 Revaluation surpluses at the end of the period 8451P XXXXXXXXXXXXXXXXXXXXXX Movements during the period Recorded 8411 Acquisitions from third parties 8421 Cancelled 8431 Transferred from one heading to another 8441 1.169.211.523,00 8451 Revaluation surpluses at the end of the period 220.900.000,00 8521P XXXXXXXXXXXXXXXXXXXXXXX Amounts written down at the end of the period 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 220.900.000,00 8521 Amounts written down at the end of the period 8551P XXXXXXXXXXXXXXXXXXXX Uncalled amounts at the end of the period 8541 Movements during the period Uncalled amounts at the end of the period 8551 NET BOOK VALUE AT THE END OF THE PERIOD 1.687.065.289,00 (280) AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE 281P NET BOOK VALUE AT THE END OF THE PERIOD 997.365.222,00 XXXXXXXXXXXXXXXXXXXXX Movements during the period Additions 8581 Repayments 8591 101.572.200.00 Amounts written down 8601 13.934.842,00 Amounts written back 8611 . -296.003,00 Exchange differences 8621 Other movements 8631 NET BOOK VALUE AT THE END OF THE PERIOD 881.562.177,00 (281) ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF THE PERIOD ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 8651 13.934.842,00 |
Codes | Period | Preceding period |
|---|---|---|---|
| OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES | |||
|---|---|---|---|
| Acquisition value at the end of the period | XXXXXXXXXXXXXXXXXXXX | ||
| 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 | XXXXXXXXXXXXXXXXXXXXX | |
| 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 | XXXXXXXXXXXXXXXXXXX | |
| Movements during the period | 8543 | ||
| Uncalled amounts at the end of the period | 8553 | ||
| NET BOOK VALUE AT THE END OF THE PERIOD | |||
| OTHERS ENTERPRISES - AMOUNTS RECEIVABLE | |||
| NET BOOK VALUE AT THE END OF THE PERIOD | XXXXXXXXXXXXXXXXXXXXX | 140.677,00 | |
| Movements during the period | |||
| Additions | 8583 | 47.197,00 | |
| 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) | 187.874,00 | |
| ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF | |||
| THE PERIOD ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… | 8653 |
Codes |
Period
Preceding period
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 | Curre | Capita land reserves |
Net result | ||
| COMPANY IDENTIFICATION NUMBER | Nature | Number | % | % | per | accounts as ncy code |
(+) or (-) (in units) |
|
| Ontex bv 0419.457.296 Limited liability company Genthof 5, 9255 Buggenhout, Belgium |
Capital shares |
371.481. 133 |
100 | 31/12/2022 | EUR | 150.490.919,00 | -42.289.884,0 0 |
|
| Nr. | 0550.880.915 |
|---|---|
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 |
. | ||
| up to one month | |||
| between one month and one year | |||
| over one year | |||
| Other investments not mentioned above | 8689 |
| Period | |
|---|---|
| DEFERRED CHARGES AND ACCRUED INCOME | |
| Allocation of heading 490/1 of assets if the amount is significant | |
| Accrued interests | 22.675.543.00 |
| 0ther | 735.194,00 |
| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE
| Codes | Period | Preceding period | |
|---|---|---|---|
| STATEMENT OF CAPITAL | |||
| Capital | |||
| Issued capital at the end of the period | XXXXXXXXXXXXXXXX | 823.587.466,00 | |
| Issued capital at the end of the period | (100) | 823.587.466,00 |
| Codes | Value | Number of shares | |
|---|---|---|---|
| Changes during the period | |||
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | . | . | |
| //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// | . | ||
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | |||
| Structure of the capital | |||
| Different categories of shares | |||
| Shares without nominal value | 823.587.466,00 | 82.347.218 | |
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | . | ||
| //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// | . | . | |
| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | |||
| Registered shares | 8702 | XXXXXXXXXXXXXXXXXXX | 16.355.865 |
| Shares dematerialized | 8703 | XXXXXXXXXXXXXXXXXX | 65.991.353 |
| Codes | Uncalled amount | Capital called but not paid |
|
|---|---|---|---|
| Capital not paid Uncalled capital Called up capital, unpaid Shareholders having yet to pay up in full |
(101) | . XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX |
XXXXXXXXXXXXXXXXXX |
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | |||
| !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! | |||
| Codes | Period | |
|---|---|---|
| Own shares | ||
| Held by the company itself | ||
| Amount of capital held | 11.995.969,00 | |
| Corresponding number of shares | 1.199.429 | |
| Held by the subsidiaries | ||
| Amount of capital held | ||
| Corresponding number of shares | ||
| Commitments to issue 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 | ||
| Authorized capital not issued | 411.793.733,00 |
| Codes | Period | |
|---|---|---|
| Shares issued, non representing capital | ||
| Distribution | ||
| Number of shares | ||
| 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 SIGNIFICANT | |
| Share based payments | 8.468.079.00 |
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 | 115.000.000,00 |
| Subordinated loans | 8811 | |
| Unsubordinated debentures | ||
| Leasing and other similar obligations | ||
| Credit institutions | 8841 | 115.000.000,00 |
| Other loans | 8851 | |
| Trade debts | 8861 | |
| Suppliers | 8871 | . |
| Bills of exchange payable | ||
| 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) | 115.000.000,00 |
| Amounts payable with a remaining term of more than one but not more than five years | ||
| Financial debts | 8802 | 580.000.000,00 |
| Subordinated loans | 8812 | |
| Unsubordinated debentures | 580.000.000,00 | |
| Leasing and other similar obligations | ||
| Credit institutions | 8842 | |
| Other loans | 8852 | |
| 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 | 580.000.000,00 |
| Amounts payable with a remaining term of more than five years | ||
| Financial debts | ||
| Subordinated loans | 8813 | |
| Unsubordinated debentures | ||
| Leasing and other similar obligations | ||
| Credit institutions | 8843 | |
| Other loans | 8853 | |
| Trade debts | 8863 | |
| Suppliers | 8873 | |
| Bills of exchange payable | ||
| Advance payments received on contracts in progress | ||
| Other amounts payable | 8903 | |
| Total amounts payable with a remaining term of more than five years |
| Nr. | 0550.880.915 |
|---|---|
| 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 | 8951 | |
| Credit institutions | 8961 | |
| Other loans | 8971 | |
| Trade debts | 8981 | |
| Suppliers | 8991 | |
| Bills of exchange payable | 9001 | |
| Advance payments received on contracts in progress | 9011 | |
| Remuneration and social security | ||
| Other amounts payable | 9051 | |
| Total amounts payable guaranteed by Belgian public authorities | 9061 | |
| Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets |
||
| Financial debts | 8922 | 580.000.000,00 |
| Subordinated loans | 8932 | |
| Unsubordinated debentures | 8942 | 580.000.000,00 |
| Leasing and similar obligations | 8952 | |
| Credit institutions | 8962 | |
| 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 | 9022 | |
| Taxes | 9032 | |
| 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 | 580.000.000,00 |
| Codes | Period |
| Codes | Period | |
|---|---|---|
| TAXES, REMUNERATION AND SOCIAL SECURITY | ||
| Taxes (heading 450/3 and 179 of the liabilities) | ||
| Outstanding tax debts | . | |
| Accruing taxes payable | 354.617,00 | |
| Estimated taxes payable | 1.736.662,00 | |
| Remuneration and social security (headings 454/9 and 179 of the liabilities) | ||
| Amounts due to the National Security Office | ||
| Other amounts payable in respect of remuneration and social security | 2.737.329,00 |
| Period | |
|---|---|
| ACCRUALS AND DEFERRED INCOME | |
| Allocation of heading 492/3 of liabilities if the amount is significant | |
| 9.481.810,00 | |
| . |
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 | 61 | 59 | |
| Average number of employees calculated in full-time equivalents | 9087 - |
57,5 | 59,7 |
| Number of actual worked hours | 9088 | 91.523 | 98.502 |
| Personnel costs | |||
| Remuneration and direct social benefits | 8.274.382.00 | 10.714.959.00 | |
| Employers' contribution for social security | 621 | 1.425.020,00 | 1.490.105.00 |
| Employers' premiums for extra statutory insurance | 622 | 990.325,00 | 1.074.499,00 |
| Other personnel costs | 623 | 843.896.00 | 514.206,00 |
| Retirement and survivors' pensions | 624 |
| Codes | Period | Preceding period | |
|---|---|---|---|
| Provisions for pensions and other similar rights Appropriations (uses and write-backs) |
635 | ||
| Amounts written off | |||
| Stocks and contracts in progress | |||
| Recorded | 9110 | ||
| Written back | |||
| Trade debts | |||
| Recorded | 9112 | ||
| Written back | 9113 | ||
| Provisions for liabilities and charges | |||
| Additions | 9115 | 2.550.477,00 | 905.129,00 |
| Uses and write-backs | 9116 | ||
| Other operating charges | |||
| Taxes related to operation | 13.840,00 | 44.619.00 | |
| Other costs | 641/8 | ||
| Hired temporary staff and personnel placed at the enterprise's disposal | |||
| Total number at the closing date |
-
9098
617
Average number calculated in full-time equivalents ..........................................................................................................................
Number of actual worked hours ................................................................................................................................................ Costs to the enterprise ......................................................................................................................................................
| п cap |
6.10 |
|---|---|
1,0
156
3.678,60
0,1
149
3.733,00
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 | ||
| Interest subsidies | 9126 | ||
| Allocation of other financial income | |||
| Currency differences realized | 11.682.047.00 | 10.546.403,00 | |
| Others | |||
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | |||
| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | |||
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | |||
| RECURRING FINANCIAL CHARGES | |||
| Depreciation of loan issue expenses | |||
| Capitalized Interests | 6502 | ||
| Amounts written off current assets | |||
| Recorded | 948.961,00 | ||
| Written back | |||
| 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 | . | . | |
| Allocation of other financial charges | |||
| Currency differences realized | |||
| Currency translation differences | |||
| Others | |||
| Exchange rate differences | 9.127.270,00 - | 8.867.336,00 | |
| Less value realisation of current asset | 443.483,00 | 441.349,00 | |
| Factor Fee | 563.171,00 | 523.068,00 | |
| Agency Fee | 140.000,00 | 35.000,00 | |
| Other Financial Costs | 299.356,00 | 1.233.165,00 |
INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE
| Codes | Period | Preceding period | |
|---|---|---|---|
| NON RECURRING INCOME | 76 | 458.231,00 | 596.870,00 |
| Non-recurring operating income | (76A) | 596.870,00 | |
| 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 | 596.870.00 | |
| Non-recurring financial income | (76B) | 458.231,00 | |
| 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 | 458.231.00 | |
| NON-RECURRING EXPENSES | ୧୧ | 14.678.848,00 | 221.613.541,00 |
| Non-recurring operating charges | (66A) | 740.916,00 | 709.491,00 |
| 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 | -150.000,00 | 150.000,00 |
| Capital losses on disposal of intangible and tangible fixed assets | 6630 | ||
| Other non-recurring operating charges | 664/7 | 890.916,00 | 559.491,00 |
| Non-recurring operating charges carried to assets as restructuring costs .(-) | 6690 | ||
| Non-recurring financial charges | (66B) | 13.937.932,00 | 220.904.050,00 |
| Amounts written off financial fixed assets | 661 | 13.934.842,00 | 220.900.000,00 |
| Provisions for non-recurring financial liabilities and charges: Appropriations | |||
| (uses) | 6621 | ||
| Capital losses on disposal of financial fixed assets | 6631 | 2.603,00 | 4.050,00 |
| Other non-recurring financial charges | 668 | 487,00 | |
| 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 | 9134 | 2.288.640,00 |
| Income taxes paid and withholding taxes due or paid | 581.475,00 | |
| Excess of income tax prepayments and withholding taxes paid recorded under assets | 9136 | |
| Estimated additional taxes | 9137 | 1.707.165.00 |
| Income taxes on the result of prior periods | 9138 | 842.563,00 |
| Additional income taxes due or paid | ||
| Additional income taxes estimated or provided for | 842.563,00 | |
| 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 |
||
| Reversal of taxed reserve | -6.237.732,00 | |
| Taxed provision | 2.550.477,00 | |
| Disallowed expenses | 14.012.891.00 | |
| Valuation of own shares | -1.156.694.00 | |
| Non-deductable interest - | 10.507.531,00 | |
| Innovation deduction | -570.888.00 | |
| 11.718.322,00 | ||
| Use of tax losses | 5.877.568,00 |
| Period | |
|---|---|
| lmpact of non recurring results on the amount of the income taxes relating to the current period | |
| //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// | |
| Codes | Period | |
|---|---|---|
| Status of deferred taxes Deterred taxes representing assets Accumulated tax losses deductible from future taxable profits |
112.635.624,00 112.635.624,00 |
|
| Other deferred taxes representing assets ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� |
60.759.925,00 |
|
| Deferred taxes representing liabilities Allocation of deferred taxes representing liabilities |
||
| Codes | Period | Preceding period | |
|---|---|---|---|
| VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES | |||
| Value added taxes charged To the enterprise (deductible) |
6.202.675.00 | 4.049.029.00 | |
| By the enterprise | 2.283.398.00 | 877.624.00 | |
| Amounts withheld on behalf of third party |
| Nr. | 0550.880.915 | F-cap 6.13 | ||
|---|---|---|---|---|
| Codes | Period | Preceding period | ||
| For payroll withholding taxes | 9147 | 5.257.830,00 | 5.583.761.00 | |
| For withholding taxes on investment income | 9148 |
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 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… | 1.412.466.282,00 | |
| Of which | ||
| Bills of exchange in circulation endorsed by the enterprise | ||
| Bills of exchange in circulation drawn or guaranteed by the enterprise | ||
| Maximum amount for which other debts or commitments of third parties are guaranteed by the | ||
| enterprise | 1.412.466.282,00 | |
| 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 |
| 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 | ||
| 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 The 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) 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) |
||
| SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS | ||
| SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS | ||
| FORWARD TRANSACTIONS |
| Codes I | Period | |
|---|---|---|
| Goods purchased (to be received) | ||
| Goods sold (to be delivered) | ||
| Currencies purchased (to be received) | 285.188.402,00 | |
| Currencies sold (to be delivered) | 285.188.402,00 |
| Nr. | 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 | |||
| ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������� | |||
…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE
Brief description
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 |
|
F-cap 6.14
| Period | |
|---|---|
| IITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE |
|
| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | |
| 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 111.968.852 per December 31, 2023. |
|
| The 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) 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) | |
| In May 2023, the Company issued a one-time grant of PSUs covering financial years 2023, 2024 and 2025 under the Company's 2023-2025 "Value Creation Projects" Long-Term Incentive Plan (the "VCP LTIP")). The VCP LTIP leads to a possible dilution for existing shareholders. For further details on the VCP LTIP, please |
|
| refer to the Remuneration Report, which forms part of the annual report. | |
| 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 | (280/1) | 2.568.627.466,00 | 2.684.430.511,00 |
| Participating interests | 1.687.065.289,00 | 1.687.065.289,00 | |
| Subordinated amounts receivable | 9271 | ||
| Other amounts receivable | 9281 | 881.562.177.00 | 997.365.222,00 |
| Amounts receivable | 9291 | 298.727.305,00 | 164.920.173,00 |
| Over one year | 9301 | ||
| Within one year | 9311 | 298.727.305,00 | 164.920.173,00 |
| Current investments | 9321 | ||
| Shares | 9331 | ||
| Amounts receivable | 9341 | ||
| Amounts payable | 9351 | 454.263.083,00 | 271.187.566,00 |
| Over one year | 9361 | 31.811.680,00 | |
| Within one year | 9371 | 454.263.083,00 | 239.375.886,00 |
| Personal and real guarantees | |||
| Provided or irrevocably promised by the enterprise as security for debts or | |||
| commitments of affiliated enterprises | 9381 | 1.413.272.389,00 | 1.410.192.144,00 |
| Provided or irrevocably promised by affiliated enterprises as security for | |||
| debts or commitments of the enterprise | 9391 | 1.106.713.795,00 | 1.397.679.081,00 |
| Other significant financial commitments | 9401 | ||
| Financial results | |||
| lncome from financial fixed assets | 9421 | ||
| Income from current assets | 9431 | 67.152.174,00 | 54.769.261,00 |
| Other financial income | 9441 | ||
| Debt charges | 9461 | 17.314.442.00 | 3.949.368,00 |
| Other financial charges | 9471 | ||
| Disposal of fixed assets | |||
| Capital gains obtained | 9481 | ||
| Capital losses suffered | 9491 | . |
| Nr. | 0550.880.915 |
|---|---|
| Codes | Period | Preceding period | |
|---|---|---|---|
| ASSOCIATED ENTERPRISES | |||
| Financial fixed assets | 9253 | ||
| Participating interests | |||
| Subordinated amounts receivable | . | . | |
| 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 commitments of associated enterprises |
9383 | ||
| 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 | 9262 | ||
| 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 |
| 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 |
|
| NHL | |
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 9500 Amounts receivable from these persons ........................................................................................................................................ .............................................................................................................................................................................. Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts Guarantees provided in their favour .......................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9502 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 .................................................................................................................................................... 1.173.750,00 To former directors and former managers ......................................................................................................................................
| Codes | Period | |
|---|---|---|
| AUDITORS OR PEOPLE THEY ARE LINKED TO | ||
| Auditor's fees | 409.500,00 | |
| Fees for exceptional services or special missions executed in the company by the auditor | ||
| Other attestation missions | 137.087,00 | |
| Tax consultancy | ||
| Other missions external to the audit | 3.558,00 | |
| 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
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 |
536.500,00 | |
| Fees for exceptional services or special missions executed in these group by the auditor | ||
| Other attestation missions | 203.167,00 | |
| Tax consultancy | ||
| Other missions external to the audit | 3.558,00 | |
| Fees to people auditors are linked to according to the mandate at the group level led by the company publishing the information |
510.362.00 | |
| Fees for exceptional services or special missions executed in the group by people they are linked to |
||
| Other attestation missions | 95.920,00 | |
| Tax consultancy | 41.167,00 | |
| 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 April 2019 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 W 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 charqes 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 recognized 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:
-Research and development costs
20 % straight-line 33% straight-line
| Nr. | 0550.880.915 | F-cap 6.19 | |
|---|---|---|---|
| -Goodwill | -Concessions, patents and licenses | 20 % straiqht-line 20 % straight-line |
|
| -Prepayments | |||
| The tangible assets are depreciated as follows: -Land and buildings -Additional building costs |
5 % straight-line 5 % declining balance 5 % straight-line 5 % declining balance |
||
| straight-line (second hand and small equipment) -Furniture and vehicles straight-line 33 % straight-line (second hand) -Leasing and similar rights |
- Installation, machinery and equipment 20 % declining balance - 33 % 20 % straight-line - 20 % declining balance - 25 % 20 % straight-line - 20 % declining balance |
||
| -Other tangible assets -Assets under construction |
3 % straight-line - 33 % straight-line / |
||
| 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. |
|||
| costs. | Financial assets | Investments are recorded at their acquisition price or contribution value without supplementary | |
| 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 negative translation differences totalised per currency, for cash and cash equivalents in foreign currency are recorded in the financial results. |
||
| Provisions for liabilities and charges disputes, charges and risks. |
Management determines with prudence and qood faith the provisions to be recorded for any pendinq | ||
| 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 recorded in the income statement. |
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 |
||
| Accruals and deferrals the part that refers to the next accounting year or years. |
Accruals and deferrals are valued at their acquisition cost and recorded in the balance sheet for | ||
| 3. Free disclosure | |||
| The Company's statutory (and consolidated) financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities |
during the normal course of business.
The €220.0 million term loan and the €250.0 million revolving credit facility, of which €115.0 million was utilized on December 31, 2022, are subject to debt covenants. For the full year 2022, these debt covenants have been renegotiated and replaced by a liquidity covenant which the Group complied with. For 2023, the liquidity covenant to be met on March 31 is defined as cash and cash equivalents plus the non-used portion of the revolving credit facility to exceed €200.0 million. The leverage covenants to be met at June 30, 2023 and December 31, 2023 are defined as the ratio of net financial debt over the last-twelve-months adjusted EBITDA not to exceed 4.75 and 3.75 respectively.
The Company is subject to the same continuity risk as the Group as a whole. Management has prepared detailed budgets and cash flow forecasts, which reflect the Group. While there may be limited headroom on reaching the covenants, the Company is confident that it will meet them, reassured by the business performance so far in 2023, and the progress made in the divestment of the Mexican assets. The closing is expected in the second quarter and the proceeds will be used to pay back the €220.0 million term loan. Moreover, the Group is currently in discussions with the banks to discuss the revolving credit facility extension, currently maturing mid-2024, and will address conditions that meet the financing needs of the company.
The 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) 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
As a consequence, the company is liable for the VAT debts of all the above mentioned companies.
Share based payment provision
The Company's has long-term incentive plans in place, awarding a certain amount of stock options, PSUs or RSUs to a number of employees. Historically, the possible cost was provisioned based on the outstanding instruments at year-end per plan and the share price at year-end, plus the corresponding social cost.
As of FY23, in which the Company granted a one-time grant under the Group's 2023-25 "Value Creation Projects" Long-Term Incentive Plan ("VCP LTIP"), the provision is based on the expected actual cost in 2026 based on the known parameters at the time of closing of the 2023 figures and accounting for the cost pro rata over the vesting period on a monthly basis. The impact of this different accounting treatment for this specific plan has a one-time impact of €2.7m in FY23.
OTHER INFORMATIONS TO DISCLOSE
For the financial year ending December 31, 2023 the following companies make use of the exemptions in accordance with the German regulation of §267 section 3 HGB. Ontex Group NV acts as a guarantor for the debts assumed by these entities in 2022 and 2023: 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; en Ontex Engineering GmbH & Co. KG, Mayen.
OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE NEER TE LEGGEN DOCUMENTEN
MANAGEMENT REPORT
| Nr. | 0550.880.915 | F-cap 10 | |
|---|---|---|---|
| SOCIAL BALANCE SHEET | |||
| Number of ioint industrial committee: | 120 214 |
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 | 52,0 | 34,2 | 17,8 | |
| Part-time | 6,7 | 3,3 | 3,4 | |
| Total in full-time equivalents | 57,5 | 37,0 | 20,5 | |
| Number of hours actually worked | ||||
| Full-time | 82.465 | 54.220 | 28.245 | |
| Part-time | 9.058 | 4.806 | 4.252 | |
| Total | 91.523 | 59.026 | 32.497 | |
| Personnel costs | ||||
| Full-time | 10.430.407,00 | 6.859.998,00 | 3.570.409,00 | |
| Part-time | 1022 | 1.103.216,00 | 543.375,00 | 559.841,00 |
| Total | 11.533.623,00 | 7.403.373,00 | 4.130.250,00 | |
| Advantages in addition to wages |
| During the preceding period | Codes P. Total | 1P. Men | 2P. Women | |
|---|---|---|---|---|
| Average number of employees in FTE | 59,7 | 39.4 | 20,3 | |
| 1013 Number of hours actually worked |
98.502 | 64.686 | 33.816 | |
| 1023 Personnel costs |
13.793.769.00 | 9.058.595.00 | 4.735.174.00 | |
| 1033 Advantages in addition to wages |
86.724,00 | 56.945,00 | 29.779,00 |
EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued)
| At the closing date of the period | Codes | 1. Full-time | 2. Part-time | 3. Total full-time equivalents |
|---|---|---|---|---|
| Number of employees | રૂઝ | 8 | 59,6 | |
| By nature of the employment contract | ||||
| Contract for an indefinite period | 110 | રૂઝ | 8 | 59,6 |
| Contract for a definite period | 111 | |||
| Contract for the execution of a specifically assigned work | 112 | |||
| Replacement contract | 113 | |||
| According to gender and study level | ||||
| Men | 120 | 35 | 3 | 37,5 |
| primary education | 1200 | 2 | 1 | 2,9 |
| secondary education | 1201 | |||
| higher non-university education | 1202 | 16 | 1 | 16.8 |
| university education | 1203 | 17 | 1 | 17,8 |
| Women | 18 | 5 | 22,1 | |
| primary education | 1210 | |||
| secondary education | 1211 | |||
| higher non-university education | 1212 | 9 | 2 | 10,6 |
| university education | 1213 | 9 | 3 | 11,5 |
| By professional category | ||||
| Management staff | 130 | |||
| Employees | 134 | 53 | 8 | 59,6 |
| Workers | 132 | |||
| Others | 133 |
HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL
| During the period | Codes | 1. Hired temporary staff |
2. Persons placed at the enterprise's disposal |
|---|---|---|---|
| Average number of persons employed | 150 | 0.1 | |
| Number of hours actually worked | 151 | 149 | |
| Costs for the enterprise | 152 | 3.733,00 |
- Total full-time
equivalents
10,0
10,0
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,0
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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. |
2. Part-time | 3. Total full-time equivalents |
||
|---|---|---|---|---|---|
| 205 | 9 | 3 | 11,5 | ||
| 210 | 9 | 3 | 11,5 | ||
| 211 | |||||
| 212 | |||||
| 213 |
| 2. Part-time
Codes
DEPARTURES
| 10 10 |
|
|---|---|
Replacement contract |
|
| 10 | |
| First - F-cap2023 - | 56 55 / |
|---|---|
Nr.
INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD
| Codes | Men | Codes | Women | |
|---|---|---|---|---|
| Total of initiatives of formal professional training at the expense of the employer |
||||
| Number of employees involved | 5801 | 5811 | ||
| Number of actual training hours | 5802 | 5812 | ||
| Net costs for the enterprise | 5803 | 5813 | ||
| of which gross costs directly linked to training | 1 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 I | ||
| 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 |