		EUR

				EUR







ONTEX GROUP
Public limited company
Korte Keppestraat					21
9320	Erembodegem

Belgium
	Gent, Division Dendermonde

					BE 0550.880.915

02 06 2016


	ANNUAL ACCOUNTS IN EUROS
					25 05 2021
		01	01	2020	31 12 2020
		01	01	2019	31 12 2019

54 6.2.2, 6.2.5, 6.3.4, 6.4.2, 6.7.2, 6.17, 8, 9, 11, 12, 13, 14, 15

Signature (name and position)

Signature (name and position)

Inge Boets BV Nr.: BE 0458.838.011 Onderheide 28, 2930 Brasschaat, Belgium Director 02/06/2014 - 25/05/2022

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

Esther Berrozpe Galindo Vide del Golfo 1, 21018 Sesto Calende, Italy

Aldo Cardoso Cadogan square 14c, SW1X OJU Londen, SW

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

Tegacon Suisse Nr.: CHE135958424 Rietbrunnen 28, 8808 Pfaffikon, Switzerland

Represented by:

Director 24/05/2017 - 25/05/2021

Director 19/06/2019 - 25/05/2021

Director 25/05/2020 - 24/05/2024

Director 24/05/2019 - 21/12/2020

Director 24/05/2019 - 25/05/2023

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

Director 09/10/2020 - 23/05/2025

Director 24/05/2017 - 09/10/2020

Gunnar Johansson (director) Kammershof 2, 85354 Freising, Germany

Revalue BVBA Nr.: BE 0839.566.573 Slijkstraat 67, 3212 Pellenberg, Belgium

Represented by:

Luc Missorten (representative) Slijkstraat 67, 3212 Pellenberg, Belgium

BV PwC Nr.: BE 0429.501.944 Woluwegarden Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium Membership nr.: B00009

Director 10/04/2015 - 23/03/2020

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

Represented by:

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

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 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 Nr. F-cap 3.1 BE 0550.880.915

BALANCE SHEET AFTER APPROPRIATION

	ANNUAL ACCOUNTS


BALANCE SHEET AFTER APPROPRIATION
	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20	414.748	981.811
FIXED ASSETS		21/28	3.274.573.922	3.014.718.349
Intangible fixed assets	6.2	21	17.106.032	16.119.424
			1.584.120	1.631.072
Tangible fixed assets Land and buildings	6.3	22/27 22	559	720
Plant, machinery and equipment		23	1.374.805	1.497.606
Furniture and vehicles		24
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27	208.756	132.746
6.4/6.5.1 Financial fixed assets		28	3.255.883.770	2.996.967.853
Affiliated enterprises	6.15	280/1	3.255.743.093	2.996.827.176
Participating interests		280	1.907.965.289	1.907.965.289
Amounts receivable		281	1.347.777.804	1.088.861.887
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		284 285/8	140.677	140.677
Amounts receivable and cash guarantees

Discl.	Codes	Period	Preceding period
CURRENT ASSETS	29/58	443.551.553	157.126.522
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	82.746.915	87.803.041
Trade debtors	40	53.086.227	54.324.128
Other amounts receivable	41	29.660.688	33.478.913
Current investments	50/53	145.791.952	27.968.513
Own shares	50	15.791.952	27.968.513
Other investments	51/53	130.000.000
Cash at bank and in hand	54/58	211.853.209	39.157.738
6.6 Deferred charges and accrued income	490/1	3.159.477	2.197.230
TOTAL ASSETS	20158	3.718.540.223	3.172.826.682

Nr.

	Discl.	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	1.923.758.200	1.937.488.549
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	273.428.773	285.605.334
Reserves not available		130/1	45.452.136	57.628.697
Legal reserve		130	29.660.184	29.660.184
Reserves statutorily not available		1311
Aquisition of own shares		1312	15.791.952	27.968.513
Financial support		1313
Other		1319
Untaxed reserves		132
Available reserves		133	227.976.637	227.976.637
Accumulated profits (losses)		14	413.999.819	415.553.607
Investment grants		15
Advance to associates on the sharing out of the assets 8		19
PROVISIONS AND DEFERRED TAXES		16	4.936.513	10.391.936
Provisions for liabilities and charges		160/5	4.936.513	10.391.936
Pensions and similar obligations		160
Taxation		161
Major repairs and maintenance		162
Environmental obligations		163		.
Other liabilities and charges	6.8	164/5	4.936.513	10.391.936
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	1.789.845.510	1.224.946.197

Amounts payable after more than one year	6.9	17	1.044.228.726	808.228.726
Financial debts		170/4	1.044.228.726	808.228.726
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172
Credit institutions		173	781.228.726	781.228.726
Other loans		174	263.000.000	27.000.000
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	6.9	42/48	743.020.475	415.781.549
Current portion of amounts payable after more than one year
falling due within one year		42
Financial debts		43	446.539.923	157.955.489
Credit institutions		430/8	300.000.000
Other loans		439	146.539.923	157.955.489
Trade debts		44	12.559.037	5.413.301
Suppliers		440/4	12.559.037	5.413.301
Bills of exchange payable		441
Advances received on contracts in progress		46
	6.9	45	3.229.703	5.084.270
Taxes, remuneration and social security		450/3	202.051	427.630
Taxes		454/9	3.027.652	4.656.640

Remuneration and social security Other amounts payable		47/48	280.691.812	247.328.489

Accruals and deferred income TOTAL LIABILITIES	6.9	492/3 10/49	2.596.309 3.718.540.223	935.922 3.172.826.682

INCOME STATEMENT

Nr. BE 0550.880.915				F-cap 4

INCOME STATEMENT

	Discl.	Codes	Period	Preceding period
Operating income		70/76A	41.521.594	22.025.383
Turnover	6.10	70
Stocks of finished goods and work and contracts in progress:
(+)/(-) increase (decrease)		71
Own work capitalised	6.10	72 74	41.521.594	22.025.383
Other operating income	6.12	76A

Non-recurring operating income
Operating charges		60/66A	49.231.744	83.001.149
Raw materials, consumables		60
Purchases		600/8
Stocks: decrease (increase) (+)/(-) Services and other goods		609 61	21.945.967	26.695.071
Remuneration, social security costs and pensions (+)/(-)	6.10	62	11.593.463	13.714.497
Depreciation of and other amounts written off formation
expenses, intangible and tangible fixed assets		630	7.888.474	36.545.241
Amounts written off stocks, contracts in progress and trade (+)/(-) debtors: Appropriations (write-backs)	6.10	631/4	-600.208
Provisions for liabilities and charges: Appropriations (uses
(+)/(-) and write-backs)	6.10	635/8	-5.455.423	6.015.536
Other operating charges	6.10	640/8	580.543	4.339
Operating charges carried to assets as restructuring costs(-)		649
Non-recurring operating charges (+)/(-) Operating profit (loss)	6.12	66A 9901	13.278.928 -7.710.150	26.465 -60.975.766

Nr.	BE 0550.880.915				F-cap 4
		Discl.	Codes	Period	Preceding period
				36.204.025	32.013.509
	Financial income Recurring financial income		75/76B 75	36.204.025	31.873.509
	Income from financial fixed assets		750		665.554
	Income from current assets		751	24.169.359	24.600.228
	Other financial income	6.11	752/9	12.034.666	6.607.727
	Non-recurring financial income	6.12	76B		140.000
	Financial charges		65/66B	42.084.980	28.308.660
	Recurring financial charges	6.11	65	42.074.362	28.308.660
	Debt charges		650	16.933.559	17.514.310
	Amounts written off current assets except stocks, contracts
	in progress and trade debtors: appropriations (write-backs) (+)/(-)		651	10.660.045
	Other financial charges		652/9	14.480.758	10.794.350
	Non-recurring financial charges	6.12	66B	10.618
	(+)/(-) Gain (loss) for the period before taxes		9903	-13.591.105	-57.270.917
	Transfer from deferred taxes		780
	Transfer to deferred taxes		680
Income taxes	(+)/(-)	6.13	67/77	139.244	-723.374
Taxes			670/3	139.244	246.800
	Adjustment of income taxes and write-back of tax provisions		77		970.174
	(+)/(-) Gain (loss) of the period		9904	-13.730.349	-56.547.543
	Transfer from untaxed reserves		789
			689

	Transfer to untaxed reserves Gain (loss) of the period available for appropriation (+)/(-)		9905	-13.730.349	-56.547.543

APPROPRIATION ACCOUNT

	Codes	Period	Preceding period
Profit (loss) to be appropriated	9906	401.823.258	415.600.375
Gain (loss) of the period available for appropriation	(9905)	-13.730.349	-56.547.543
Profit (loss) brought forward	14P	415.553.607	472.147.918
Withdrawals from capital and reserves	791/2	12.176.561
on the contribution	791
from reserves	792	12.176.561
Transfer to capital and reserves	691/2		46.768
to the contribution	691
to legal reserve	6920
to other reserves	6921		46.768
Profit (loss) to be carried forward	(14)	413.999.819	415.553.607
Owners' contribution in respect of losses	794
Profit to be distributed	694/7
Dividends	694
Directors' or managers' entitlements	695
Employees	696
Other beneficiaries	697

EXPLANATORY DISCLOSURES

STATEMENT OF FORMATION EXPENSES OR CAPITAL INCREASE EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS Nr. F-cap 6.1 BE 0550.880.915

EXPLANATORY DISCLOSURES

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

RESTRUCTURING COSTS
	Codes	Period	Preceding period
Net book value at the end of the period	20P	xxxxxxxxxxxxxxx	981.811

Movements during the period New expenses incurred	8002
Depreciation	8003	567.063
(+)/(-) Other	8004
	(20)	414.748
Net book value at the end of the period
Of which Formation or capital increase expenses, loan issue expenses and other
formation expenses Restructuring costs	200/2 204

STATEMENT OF INTANGIBLE FIXED ASSETS

Nr. BE 0550.880.915			F-cap 6.2.1
STATEMENT OF INTANGIBLE FIXED ASSETS
	Codes	Period	Preceding period
DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	104.046


Movements during the period Acquisitions, including produced fixed assets	8021	64.796
Sales and disposals	8031	10.618
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	xxxxxxxxxxxxxxx	6.253
Movements during the period
Recorded	8071	30.140
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 NET BOOK VALUE AT THE END OF THE PERIOD	8121 81311	36.393 121.831

		F-cap 6.2.3

		Preceding period


8052P	xxxxxxxxxxxxxxx	35.627.209

8022	7.558.777
8032	33.644
8042
8052

		19.605.580

8072	6.564.717
8082
8092
8102	2.154
8112
8122	26.168.143

	Codes 8122P	Period 43.152.342 xxxxxxxxxxxxxxx

Nr. BE 0550.880.915			F-cap 6.2.4

	Codes	Period	Preceding period
GOODWILL
Acquisition value at the end of the period	8053P	xxxxxxxxxxxxxxx	148.498.638
Movements during the period
Acquisitions, including produced fixed assets	8023

	8033
Sales and disposals Transfers from one heading to another (+)/(-)	8043
	8053	148.498.638
Acquisition value at the end of the period Depreciations and amounts written down at the end of the period	8123P	xxxxxxxxxxxxxxx	148.498.638

Movements during the period	8073
Recorded 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

STATEMENT OF TANGIBLE FIXED ASSETS

Nr. BE 0550.880.915			F-cap 6.3.1

STATEMENT OF TANGIBLE FIXED ASSETS
	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	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	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8211
Acquisitions from third parties Cancelled	8221 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	xxxxxxxxxxxxxxx	2.494
Movements during the period
Recorded	8271	161
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals (+)/(-) Transferred from one heading to another	8301 8311
Depreciations and amounts written down at the end of the period	8321	2.655

NET BOOK VALUE AT THE END OF THE PERIOD	(22)	559

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	xxxxxxxxxxxxxxx	4.758.631

Movements during the period
Acquisitions, including produced fixed assets	8162	603.592
Sales and disposals	8172	20.400
Transfers from one heading to another (+)/(-)	8182
Acquisition value at the end of the period	8192	5.341.823
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
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
		xxxxxxxxxxxxxxx	3.261.025
Depreciations and amounts written down at the end of the period	8322P

Movements during the period	8272	726.393
Recorded	8282
Written back Acquisitions from third parties	8292

Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	20.400
(+)/(-) Transferred from one heading to another	8312
Depreciations and amounts written down at the end of the period	8322	3.967.018
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	1.374.805

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	xxxxxxxxxxxxxxx	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	xxxxxxxxxxxxxxx
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	xxxxxxxxxxxxxxx	6.842
Movements during the period
Recorded	8273
Written back	8283 8293
Acquisitions from third parties 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	xxxxxxxxxxxxxxx	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	xxxxxxxxxxxxxxx
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	xxxxxxxxxxxxxxx	36.564
Movements during the period
Recorded	8275
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals (+)/(-) Transferred from one heading to another	8305 8315
	8325	36.564
Depreciations and amounts written down at the end of the period
NET BOOK VALUE AT THE END OF THE PERIOD	(26)

Nr. BE 0550.880.915			F-cap 6.3.6

	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	132.746
Movements during the period
Acquisitions, including produced fixed assets	8166	76.010
Sales and disposals	8176
Transfers from one heading to another (+)/(-)	8186
Acquisition value at the end of the period	8196	208.756
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
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	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals (+)/(-) Transferred from one heading to another	8306 8316
	8326
Depreciations and amounts written down at the end of the period NET BOOK VALUE AT THE END OF THE PERIOD	(27)	208.756

STATEMENT OF FINANCIAL FIXED ASSETS

Nr. BE 0550.880.915			F-cap 6.4.1
STATEMENT OF FINANCIAL FIXED ASSETS
	Codes	Period	Preceding period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
	8391P	xxxxxxxxxxxxxxx	738.753.766
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
Acquisition value at the end of the period	8391	738.753.766
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx	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	xxxxxxxxxxxxxxx
Movements during the period Recorded	8471
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals (+)/(-) Transferred from one heading to another	8501 8511
Amounts written down at the end of the period	8521
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
(+)/(-) 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	281P	xxxxxxxxxxxxxxx	1.088.861.887
Movements during the period Additions	8581	1.093.912.016
Repayments	8591	563.493.956
Amounts written down	8601
Amounts written back (+)/(-) Exchange differences	8611 8621	-271.502.143
(+)/(-) Other movements	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	1.347.777.804
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD	8651

Jr.	BE 0550.880.91

Nr. BE 0550.880.915			F-cap 6.4.3
	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions Sales and disposals	8363 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	xxxxxxxxxxxxxxx
Movements during the period
Recorded Acquisitions from third parties	8413 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	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8473 8483
Written back 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	xxxxxxxxxxxxxxx
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	285/8P	xxxxxxxxxxxxxxx	140.677
Movements during the period
Additions	8583
Repayments Amounts written down	8593 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

	BE 0550.880.915



									(in units)
Belgium	Ontex bv BE 0419.457.296 Limited liability company Genthof 5, 9255 Buggenhout,	Capital	shares371.481.132	99,99	0,0	31/12/2020	EUR	301.705.089	66.668.228

BE 0550.880.915
-----------------	--

-

BE 0550.880.915



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 Ontex Engineering GmbH & Co. KG DE293828372 Private company with limited liability	B
ROBERT BOSCH STRASSE 8, D-56727 Mayen/Eifel, Germany Ontex Healthcare Deutschland GMBH DE248670006	B
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 I	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	રૂડે	130.000.000
up to one month	8686	110.000.000
between one month and one year	8687	20.000.000
over one year		------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	.
Other investments not mentioned above	8689

Preceding period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

STATEMENT OF CAPITAL
Capital
lssued capital at the end of the period				823.587.466
Issued capital at the end of the period		823.587.466

	Codes	Value		Number of shares
Changes during the period




Structure of the capital Different categories of shares
Shares without nominal value		823.587.466		82.347.218


��
Registered shares		XXXXXXXXXXXXXXXXXXX		16.355.265
Shares dematerialized		XXXXXXXXXXXXXXX		65.991.953
				Capital called but not
	Codes	Uncalled amount		paid

Capital not paid Uncalled capital				XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Called up capital, unpaid		XXXXXXXXXXXXXXXXXX
Shareholders having yet to pay up in full




			Codes	Period

Own shares
Held by the company itself
Amount of capital held				14.453.153
Corresponding number of shares				1.445.113
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			8751	411.793.733

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 SIGNIFICANT
equity-based payments	4.936.513

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
Leasing and other similar obligations
Credit institutions	8841
Qther 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)

Amounts payable with a remaining term of more than one but not more than five years Financial debts	8802	1.344.228.726
Subordinated loans	8812
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions		1.081.228.726
Other loans	8852	263.000.000
Trade debts	8862
Suppliers
Bills of exchange payable
Advance payments received on contracts in progress
Other amounts payable	8902
	8912	1.344.228.726
Total amounts payable with a remaining term of more than one but not more than five years
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
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	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
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
Remuneration and social security	9021
Other amounts payable	9051
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	1.081.228.726
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and similar obligations	8952
Credit institutions	8962	1.081.228.726
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 шиниципаниишиницииницииницииницииницииницииницииницииницииницииниции и	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	1.081.228.726

	Codes	Dariod

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 and 179 of the liabilities)
Outstanding tax debts
Accruing taxes payable		172.554
Estimated taxes payable		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		3.027.652

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
	Commitment Fee	14.166
	Accrued interest	1.382.334
	Accrued charges salaries	1.249.951
	��

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	76	65
Average number of employees calculated in full-time equivalents	9087	73.0	63.0
Number of actual worked hours	9088	123.373	107.492
Personnel costs
Remuneration and direct social benefits	620	10.831.153	10.773.872
Employers' contribution for social security	621	1.739.807	1.641.643
Employers' premiums for extra statutory insurance	622	981.624	804.892
Other personnel costs	623	-1.959.121	494.090
Retirement and survivors' pensions	624

Nr. 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	6.015.536
Amounts written off
Stocks and contracts in progress
Recorded	9110
Written back	9111
Trade debts Recorded	9112
Written back	9113	600.208
Provisions for liabilities and charges
Additions	9115		6.015.536
Uses and write-backs	9116	5.455.423
Other operating charges
Taxes related to operation	640	1.667	4.339
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 Number of actual worked hours	9097 9098	0,1 132	0,1 149

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
Interest subsidies	9126
Allocation of other financial income
Currency differences realized Others		12.034.666	6.607.727
Exchange differences		12.034.666	6.607.727
��
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses
Capitalized Interests	6502
Amounts written off current assets
Recorded		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
Exchangerate differences		12.712.815	8.360.647
Less value realisation current asset		1.546.539	2.162.437
Agency fee		140.000	105.000
Other financial costs		81.405	166.266

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

Nr. BE 0550.880.915			F-cap 6.12

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE
	Codes	Period	Preceding period
	76		140.000
NON RECURRING INCOME
Non-recurring operating income	(76A)
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
	(76B)		140.000
Non-recurring financial income 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		140.000

NON-RECURRING EXPENSES	66	13.289.546	26.465
Non-recurring operating charges	(66A)	13.278.928	26.465
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	26.465
.(-) Non-recurring operating charges carried to assets as restructuring costs	6690
Non-recurring financial charges	(66B)	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	10.618
Other non-recurring financial charges	668
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		139.244
Income taxes paid and withholding taxes due or paid		139.244
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
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		582.327
Non-deductable intrest cost		4.357.595
Decrease tax provision		-6.055.631
Less value own shares		12.206.583

	Period
Impact 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 Other deferred taxes representing assets	9141	118.559.603 118.559.603
carry-forward of excess net borrowing costs - �� Deferred taxes representing liabilities		11.989.047
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)	5.684.534	5.037.642
By the enterprise	1.532.903	1.795.674
Amounts withheld on behalf of third party
For payroll withholding taxes	6.569.632	4.853.474
For withholding taxes on investment income		3.952.666

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

Nr. BE 0550.880.915		F-cap 6.14
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	9149	1.635.194.470
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
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	9153
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	91611
Amount of registration	91621
Amount of registration by mandate	91631
Pledging of goodwill
	91711

Pledging of goodwill - Max amount
Pledging of goodwill - Amount of the registration by mandate	91721
Pledging of other assets	91811
Pledging of other assets - Book value
Pledging of other assets - Max amount	91821
Guarantees provided on future assets	91911
Guarantees provided on future assets - Amount assets involved	91921
Guarantees provided on future assets - Max amount
Seller privilege Seller privilege - Book value	92011

' Nr. .	BE 0550 880 915	F-can 6 14

	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	91722
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	91922
Seller privilege
Seller privilege - Book value
Seller privilege - Unpaid amount	92022

	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	248.276.830
Currencies sold (to be delivered)	9216	248.276.830

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

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
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

Nr. BE 0550.880.915	F-cap 6.14
	Period
COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR
PURCHASE
stock options	31.228.726

Ontex Group NV has a factoring agreement with a financial institution for an amount of EUR 107.675.000 per December 31, 2020. 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 BVBA (Belgium) Ontex CZ (Czech Republic)	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 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) Falcon Distribuiçao, Armazenamento e Transporte SA (Brazil) Active Industria de Cosméticos SA (Brazil) Ontex Santé France SAS	Period
















0 Ontex France SAS

	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 Nr. F-cap 6.15 BE 0550.880.915

LINKED BY PARTICIPATING INTERESTS Codes Period Preceding period AFFILIATED ENTERPRISES 3.255.743.093 (280/1) Financial fixed assets 1.907.965.289 1.907.965.289 (280) Participating interests 9271 Subordinated amounts receivable 1.347.777.804 1.088.861.887 9281 Other amounts receivable 39.794.119 9291 Amounts receivable Over one year 9301 39.794.119 37.356.791 Within one year 9311 9321 Current investments Shares 9331 9341 Amounts receivable 543.501.293 9351 Amounts payable 263.000.000 27.000.000 9361 Over one year 280.501.293 247.119.096 9371 Within one year Personal and real guarantees Provided or irrevocably promised by the enterprise as security for debts or 1.635.194.470 1.635.666.044 commitments of affiliated enterprises 9381 Provided or irrevocably promised by affiliated enterprises as security for 1.539.006.560 1.539.450.395 debts or commitments of the enterprise 9391 9401 Other significant financial commitments Financial results 665.554 Income from financial fixed assets 9421 24.164.759 22.497.294 9431 Income from current assets 9441 Other financial income 1.927.157 1.816.820 9461 Debt charges Other financial charges 9471 Disposal of fixed assets	RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES 2.996.827.176 37.356.791 274.119.096

































	Capital gains obtained 9481
Capital losses suffered 9491

	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
Within one year
Amounts payable
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 Provided or irrevocably promised by associated enterprises as security for	9383
debts or commitments of the enterprise	බියි බිහිටි අපි
Other significant financial commitments	9403
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets
Participating interests
Subordinated amounts receivable
Other amounts receivable
Amounts receivable
Over one year
Within one year	9312
Amounts payable	9352
Over one year
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
	O

F-cap 6.15

FINANCIAL RELATIONSHIPS WITH

Nr.	BE 0550.880.915		F-cap 6.16
	FINANCIAL RELATIONSHIPS WITH
		Codes	Period
PERSONS	DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE
	Amounts receivable from these persons	9500
	Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts

	Guarantees provided in their favour	9501
	Other significant commitments undertaken in their favour	9502
	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	9503 9504	1.384.408
	To former directors and former managers
		Codes	Period
	AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees		9505	241.527

AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	241.527
Fees for exceptional services or special missions executed in the company by the auditor Other attestation missions	95061	9.259
Tax consultancy	95062
Other missions external to the audit	95063
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082	84.000
Other missions external to the audit	95083

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 Nr. F-cap 6.18.1 BE 0550.880.915

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 BELGIUM WITH AUDITORS OR WITH PEOPLE THEY ARE LINKED TO Nr. F-cap 6.18.2 BE 0550.880.915

Nr. BE 0550.880.915		F-cap 6.18.2

FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE ENTERPRISE IN BELGIUM 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	9507	308.495
Fees for exceptional services or special missions executed in these group by the auditor
Other attestation missions	95071	15.501

Tax consultancy	95072
Other missions external to the audit	95073
Fees to people auditors are linked to according to the mandate at the group level led by the company publishing the information	9509	784.326
Fees for exceptional services or special missions executed in the group by people they are linked to
Other attestation missions	95091	73.824
Tax consultancy	95092	110.553

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

VALUATION RULES

Nr. F-cap 6.19 BE 0550.880.915

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 / 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 negative translation differences for cash and cash equivalents in foreign currency are recorded in the financial results. Provisions for liabilities and charges 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 2019 and 2020 show a loss, the

Nr.		BE 0550.880.91
-----	--	----------------	--	--

Nr. F-cap 6.19 BE 0550.880.915

-

OTHER INFORMATIONS TO DISCLOSE

For the financial year ending December 31, 2020 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: Nr. F-cap 6.20 BE 0550.880.915

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

SOCIAL BALANCE SHEET


STATEMENT OF THE PERSONS EMPLOYED EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER
During the current period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	72,8	47,0	25,8
Part-time	1002	0,7	0,4	0,3
Total in full-time equivalents	1003	73,0	47,0	26,0
Number of hours actually worked
Full-time	1011	122.351	81.775	40.576
Part-time	1012	1.022	527	495
Total	1013	123.373	82.302	41.071
Personnel costs
Full-time	1021	11.497.425	7.734.018	3.763.407
Part-time	1022	96.038		96.038
	1023	11.593.463	7.734.018	3.859.445
Total	1033
Advantages in addition to wages

During the preceding period	Codes	P. Total	1P. Men	2P. Women
	1003	63,0	42,0	21,0
Average number of employees in FTE Number of hours actually worked	1013	107.492	72.735	34.757
Personnel costs	1023	13.714.497	9.280.000	4.434.497

During the preceding period		Codes P. Total	1P. Men	2P. Women
Average number of employees in FTE		63.0	42.0	21,0
Number of hours actually worked	1013	107.492	72.735	34.757
Personnel costs		13.714.497	9.280.000	4.434.497
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) Nr. F-cap 10 BE 0550.880.915

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	105	76		76,0

By nature of the employment contract Contract for an indefinite period	110	76		76,0
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	50		50,0
primary education	1200	1		1,0
secondary education	1201	3		3,0
higher non-university education	1202	20		20,0
university education	1203	26		26,0
Women	121	26		26,0
primary education	1210	2		2,0
secondary education	1211
higher non-university education	1212	7		7,0
university education	1213	17		17,0
By professional category
Management staff	130
Employees	134	76		76,0
Workers	132
Others	133

During the period	Codes	temporary staff	at the enterprise's disposal

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

By nature of employment contract

Nr. BE 0550.880.915				F-cap 10
LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD
ENTRIES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
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	205	24		24,0

By nature of employment contract
Contract for an indefinite period	210	22		22,0
Contract for a definite period	211	2		2,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	13		13,0

			equivalents
Number of employees for whom the entreprise submitted a DIMONA declaration or who have been recorded in the
By nature of employment contract





			equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	13	13,0
By nature of employment contract
Contract for an indefinite period	310	11	11,0
Contract for a definite period	311	2	2,0
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	3	3,0
Other reason	343	10	10,0
the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

Nr.	BE 0550.880.915

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Nr. BE 0550.880.915				F-cap 10
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	12	5811	1
Number of actual training hours	5802	148	5812	175
Net costs for the enterprise	5803	31.448	5813	70.963
of which gross costs directly linked to training	58031	31.448	58131	70.963
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

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Ontex Group NV Audit Report / Information 2020

3985_rns_2021-04-23_824f6fba-cc6d-46e8-8ddc-d0d0b2474fa0.pdf

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT