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Complete company report
Generated 16-08-2026
Active BE 0460.657.453Public limited companyOpen bankruptcy

A.G. TEX

Industrieweg 176 ·9030 Gent, Belgium· 29 yrs active
Sector: Bewerken en spinnen van textielvezels (13100)
Conclusion Checked

A bankruptcy procedure is open for A.G. TEX according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €1.03M and a net result of €533k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €1.03M
Net result €533k
Staff (FTE) 4.9
Better than sector 74%
Financial profile 5 of 5 axes measured · computed by Checked
Health24Profitability100Solvency95Growth78Stability0
59 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 100
Solvency 95
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
24 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 04-01-2023 with the NBB · fiscal year 2022 · verkort
€0€200k€400k€600kOperating result 2018: €183k€183kNet result 2018: €152k€152kOperating result 2019: €183k€183kNet result 2019: €171k€171kOperating result 2020: €338k€338kNet result 2020: €296k€296kOperating result 2021: €426k€426kNet result 2021: €358k€358kOperating result 2022: €630k€630kNet result 2022: €533k€533k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 13 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 49.7% 23.5%
better than 74% of 74 sector peers
Net result €533k €2k
better than 95% of 74 sector peers
Equity €1.03M €41k
better than 83% of 74 sector peers
Gross operating margin €882k €67k
better than 87% of 64 sector peers
Staff costs €242k €183k
higher than 59% of 52 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€635k
+40.7% 18-22
Net profit
€533k
+48.9% 18-22
Cash flow
€538k
+40.4% 18-22
Total assets
€2.07M
-7.6% 18-22
Equity
€1.03M
+53.5% 18-22
Working capital
€1.05M
+51.8% 18-22
Employees (FTE)
5
-21.0% 18-22
Staff costs
€242k
- 18-22
Show 11 other metrics
Income taxes
€124k
+91.0% 18-22
Debt
€1.04M
-33.7% 18-22
Debt ≤ 1y
€1.00M
-34.5% 18-22
Debt > 1y
€35k
+2.6% 18-22
Current ratio
2.05
+41.0% 18-22
Quick ratio
0.94
+10.0% 18-22
Solvency
49.7%
+66.1% 18-22
Debt / equity
1.01
+1889.2% 18-22
ROE
51.9%
-3.0% 18-22
ROA
25.8%
+61.1% 18-22
Interest coverage
275.91
- 18-22
Figures by fiscal year
Fiscal year2022
Depositverkort
Revenue-
EBITDA€635k
Net profit€533k
Cash flow€538k
Staff costs€242k
Income taxes€124k
Dividends-
Total assets€2.07M
Equity€1.03M
Debt€1.04M
of which ≤ 1y€1.00M
of which > 1y€35k
Working capital€1.05M
Employees (FTE)4.9
Ratios (computed)
2022
Current ratio2.05
Quick ratio0.94
Working capital ratio50.8%
Solvency49.7%
Debt / equity1.01
Long-term debt ratio0.03
Interest coverage275.91
Gross margin-
Net margin-
ROA25.8%
ROE51.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€2.07M
Fixed assets 21/28€13k
Tangible fixed assets 22/27€5k
Financial fixed assets 28€7k
Current assets 29/58€2.06M
Stocks & contracts in progress 3€1.11M
Amounts receivable within one year 40/41€775k
Cash & bank 54/58€163k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.07M
Equity 10/15€1.03M
Contributions / capital 10/11€125k
Reserves 13€903k
Amounts payable 17/49€1.04M
Amounts payable after one year 17€35k
Amounts payable within one year 42/48€1.00M
Trade debts payable within one year 44€731k
Income statement
Gross operating margin 9900€882k
Operating result 9901€630k
Financial income 75€29k
Financial charges 65€2k
Result before taxes 9903€657k
Income taxes 67/77€124k
Net result for the period 9904€533k
Result to be appropriated 9905€533k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Permanent representatives (2)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • HOME DISCOVERYLegal entity
    Permanent representative· perm. rep.: CAROLINE CALLENS
    State Gazette act 23031976 (06-03-2023)
    Permanent representative
    03-02-2023 → present
  • VERMANLegal entity
    Permanent representative· perm. rep.: CHRISTOF VERMEERSCH
    State Gazette act 23031976 (06-03-2023)
    Permanent representative
    03-02-2023 → present
Former directors (3)
  • I & S Consult BVLegal entity
    Director· perm. rep.: Stephan Verschuere
    State Gazette act 23031976 (06-03-2023)
    Former
    - → 03-02-2023
  • LEAMCO BVLegal entity
    Director· perm. rep.: Allain Verschuere
    State Gazette act 23031976 (06-03-2023)
    Former
    - → 03-02-2023
  • VECATEX NVLegal entity
    Director· perm. rep.: Inge Vergote
    State Gazette act 23031976 (06-03-2023)
    Former
    - → 03-02-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates2 persons
Role Name Tenure Source
Curator SOFIE DE NIJS
GROOT-BRITTANNIELAAN 10, 9000 GENT
 25-06-2024 → present Belgian State Gazette
Curator PIETER HUYGHE
SAVAAN- STRAAT 72, 9000 GENT
 25-06-2024 → present Belgian State Gazette
Legal Structure
NACE primary Bewerken en spinnen van textielvezels(13100)
Legal form Public limited company(014)
Incorporation14-05-1997
StatusActive
Postal code9030
First BS signal 01-07-2024
Latest BS signal 01-07-2024
Connections & network 1 connected companies
Group structure
VECATEX
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control 1 parties
A.G. TEXBE 0460.657.453
controls
Where this company holds controlthis company sits on their board1
VECATEX
1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Establishment units 1 location
A.G. TEX NV
Industrieweg 176, 9030 Gentvoorbewerking, kaarden en kammen van katoen- of katoenachtige vezels.
since 20012.081.959.795
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44038A0037/00G000 Flanders 2.4 ha 1 · 1.5 ha 8.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
01-07-2024
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · A.G. TEX NV INDUS- TRIEWEG 176, 9030 GENT MARIAKERKE · event 25-06-2024
2023
06-03-2023
State Gazette act Director changes
04-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
11-02-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
22-03-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
23-03-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
18-03-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
19-03-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
30-03-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
21-03-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
13-03-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
31-03-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
Lifecycle & Insolvency Signals1 events
01-07-2024
Bankruptcy Opening
Date: 25-06-2024 · Ondernemingsrechtbank Gent, afdeling Gent · A.G. TEX NV INDUS- TRIEWEG 176, 9030 GENT MARIAKERKE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-07-01 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
06-03-2023 5 directors appointed, 3 resigning Director changes
  • CHRISTOF VERMEERSCH, Vaste vertegenwoordiger
  • CAROLINE CALLENS, Vaste vertegenwoordiger
  • Jan Geerts, Bestuurder
  • Gert Vanopstal, Bestuurder
  • Arnold Benoot, Bestuurder
  • Stephan Verschuere, Bestuurder
  • Allain Verschuere, Bestuurder
  • Inge Vergote, Bestuurder
Technical details 
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        "birth_date": "1969-02-18",
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      "reason": null,
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      "via_org": {
        "kbo": "0478.451.213",
        "name": "VERMAN",
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      "statutory": null,
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      "reason": null,
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      "via_org": {
        "kbo": "0553.496.153",
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  "act_meta": {
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Bewerken en spinnen van textielvezels13100Bewerken en spinnen van textielvezels13100Bewerken en spinnen van overige textielvezels17170
Primary activity highlighted.
Names & trade names
Legal nameNL A.G. TEX
Registered office
Industrieweg 176
9030 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative