A.M. TEX
ActiveSummary
The computed 12-month bankruptcy probability of A.M. TEX is 1.6% (moderate). The 2024 annual accounts show equity of €18,695 and a net result of -€6,016. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 15872 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability18▲+5
Solvency49▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 1.43 in 2023; short-term debt: 76.2% and cash: 16.2% of total assets), and 76.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.8%
Return on assets
-7.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€6,016
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
23 d early
2022
26 d early
2021
26 d early
2020
17 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€18,695▼ 24.3%
2023 · €24,711
Total assets
€78,447▼ 3.1%
2023 · €80,984
Net result
-€6,016▼ 76.3%
2023 · -€3,412
Working capital
€18,447▼ 24.6%
2023 · €24,463
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€12,609▼ 47.9%-€6,595▲ 47.7%-€10,648▼ 61.5%-€9,006▲ 15.4%-€9,091▼ 0.9%
Net result€431within the sector's middle half€7,547within the sector's middle half▲ 1,651%-€5,476below the sector's middle half-€3,412within the sector's middle half▲ 37.7%-€6,016below the sector's middle half▼ 76.3%
Equity€26,052within the sector's middle half▲ 1.7%€33,599within the sector's middle half▲ 29.0%€28,123within the sector's middle half▼ 16.3%€24,711within the sector's middle half▼ 12.1%€18,695within the sector's middle half▼ 24.3%
Total assets€127,811within the sector's middle half▼ 10.2%€121,320within the sector's middle half▼ 5.1%€93,928within the sector's middle half▼ 22.6%€80,984within the sector's middle half▼ 13.8%€78,447within the sector's middle half▼ 3.1%
Debt€101,759▼ 12.8%€87,721▼ 13.8%€65,805▼ 25.0%€56,273▼ 14.5%€59,752▲ 6.2%
Working capital€25,804within the sector's middle half▲ 20.2%€29,200within the sector's middle half▲ 13.2%€25,800within the sector's middle half▼ 11.6%€24,463within the sector's middle half▼ 5.2%€18,447within the sector's middle half▼ 24.6%
Solvency20.4%within the sector's middle half▲ 2.4pp27.7%within the sector's middle half▲ 7.3pp29.9%within the sector's middle half▲ 2.2pp30.5%within the sector's middle half▲ 0.6pp23.8%within the sector's middle half▼ 6.7pp
Current ratio1.25within the sector's middle half▲ 0.061.33within the sector's middle half▲ 0.081.39within the sector's middle half▲ 0.061.43within the sector's middle half▲ 0.041.31within the sector's middle half▼ 0.13
Return on assets (ROA)0.3%within the sector's middle half▲ 2.6pp6.2%within the sector's middle half▲ 5.9pp-5.8%below the sector's middle half▼ 12.1pp-4.2%below the sector's middle half▲ 1.6pp-7.7%below the sector's middle half▼ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,091 in 2024 against €9,006 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,447
Fixed assets
€248 =
Current assets
€78,199 ▼ 3.1%
Equity and liabilities €78,447
Equity
€18,695 ▼ 24.3%
Debt
€59,752 ▲ 6.2%
Debt's share of the balance-sheet total rises from 69.5% to 76.2%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.26▲
2023 · 0.25
Debt to equity
3.20▲
2023 · 2.28
ROE
-32.2%▼
2023 · -13.8%
Debt ≤ 1 year
€59,752▲
2023 · €56,273
Income taxes
€438▼
2023 · €458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,006 | €2,075 | €2,075 | €2,075 | - | - |
| Other operating charges640/8 | - | €607 | €680 | €660 | €870 | ▲ 31.8% |
| Gross operating margin9900 | -€3,841 | -€3,913 | -€7,893 | -€6,271 | -€8,221 | ▼ 31.1% |
| Operating profit (loss)9901 | -€12,609 | -€6,595 | -€10,648 | -€9,006 | -€9,091 | ▼ 0.9% |
| Financial income75/76B | - | €14,462 | €5,412 | €6,109 | €3,558 | ▼ 41.8% |
| Recurring financial income75 | €13,364 | €2 | €47 | €35 | €71 | ▲ 103% |
| Non-recurring financial income76B | - | €14,460 | €5,365 | €6,074 | €3,487 | ▼ 42.6% |
| Financial charges65/66B | - | €137 | €45 | €57 | €45 | ▼ 21.1% |
| Recurring financial charges65 | €137 | €137 | €45 | €57 | €45 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €618 | €7,730 | -€5,281 | -€2,954 | -€5,578 | ▼ 88.8% |
| Income taxes67/77 | €187 | €183 | €195 | €458 | €438 | ▼ 4.4% |
| Profit (loss) for the period9904 | €431 | €7,547 | -€5,476 | -€3,412 | -€6,016 | ▼ 76.3% |
| Profit (loss) for the period to be appropriated9905 | €431 | €7,547 | -€5,476 | -€3,412 | -€6,016 | ▼ 76.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,811 | €121,320 | €93,928 | €80,984 | €78,447 | ▼ 3.1% |
| Fixed assets21/28 | €248 | €4,399 | €2,323 | €248 | €248 | = |
| Tangible fixed assets22/27 | - | €4,151 | €2,075 | - | - | - |
| Furniture and vehicles24 | - | €4,151 | €2,075 | - | - | - |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | €248 | = |
| Current assets29/58 | €127,563 | €116,921 | €91,605 | €80,736 | €78,199 | ▼ 3.1% |
| Stocks and contracts in progress3 | €120,340 | €101,870 | €86,240 | €66,780 | €62,960 | ▼ 5.7% |
| Stocks30/36 | - | €101,870 | €86,240 | €66,780 | €62,960 | ▼ 5.7% |
| Cash at bank and in hand54/58 | €7,223 | €12,934 | €3,899 | €11,533 | €12,734 | ▲ 10.4% |
| Deferred charges and accrued income490/1 | - | €2,117 | €1,466 | €2,423 | €2,505 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,811 | €121,320 | €93,928 | €80,984 | €78,447 | ▼ 3.1% |
| Equity10/15 | €26,052 | €33,599 | €28,123 | €24,711 | €18,695 | ▼ 24.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €5,601 | €13,148 | €7,672 | €4,260 | -€1,756 | ▼ 141% |
| Amounts payable17/49 | €101,759 | €87,721 | €65,805 | €56,273 | €59,752 | ▲ 6.2% |
| Amounts payable within one year42/48 | €101,759 | €87,721 | €65,805 | €56,273 | €59,752 | ▲ 6.2% |
| Trade debts44 | €67,554 | €57,018 | €41,463 | €31,132 | €35,762 | ▲ 14.9% |
| Suppliers440/4 | - | €57,018 | €41,463 | €31,132 | €35,762 | ▲ 14.9% |
| Taxes, remuneration and social security45 | - | €2,710 | €2,349 | €3,148 | €1,997 | ▼ 36.6% |
| Taxes450/3 | - | €2,710 | €2,349 | €3,148 | €1,007 | ▼ 68.0% |
| Remuneration and social security454/9 | - | - | - | - | €990 | - |
| Other amounts payable47/48 | - | €27,993 | €21,993 | €21,993 | €21,993 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €431 | €7,547 | -€5,476 | -€3,412 | -€6,016 | ▼ 76.3% |
| + Depreciation and write-downs630 | €8,006 | €2,075 | €2,075 | €2,075 | - | - |
| Operating cash flow (approximation) | €8,437 | €9,622 | -€3,401 | -€1,337 | -€6,016 | ▼ 350% |
| Investment in fixed assets (approximation) | - | -€6,226 | €1 | €0 | €0 | - |
| Change in cash | - | €5,711 | -€9,035 | €7,634 | €1,201 | ▼ 84.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,016
Net result drops to -€6,016, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €7,547 ▲1,651%
Operating result -€6,595, net result €7,547, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €431
Net result €431 after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 1993
Ground area
260 m²
Building footprint
253 m²
Volume, LiDAR
2,367 m³
2 parcels, Brussels · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
A.M. TEX SPRL
since 19932.060.355.521
BS SHOES
since 20012.060.355.719
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0116/00W002 | Brussels | 133 m² | 1 · 142 m² | 16.7 m · 3 fl. |
| 21523B0939/00H044 | Brussels | 126 m² | 1 · 111 m² | 17.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 422 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448764164
Also
9925:BE0448764164
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.