Acratex
ActiveSummary
Acratex has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144,862 and a net result of -€49,724. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency89▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 6.79 in 2024; short-term debt: 36.2% and cash: 5.4% of total assets), and 36.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
63.7%
Return on assets
-21.9%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€49,724
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
45 d early
2023
44 d early
2022
50 d early
2021
49 d early
2020
48 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 15 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€144,862▼ 25.6%
2024 · €194,585
Total assets
€227,301▼ 0.1%
2024 · €227,504
Net result
-€49,724▲ 1.6%
2024 · -€50,518
Working capital
€144,349▼ 23.5%
2024 · €188,760
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, 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
Line20212022202320242025
Operating result€113,300▲ 248%€89,083▼ 21.4%€20,433▼ 77.1%-€34,691-€37,616▼ 8.4%
Net result€71,390above the sector's middle half▲ 482%€47,154above the sector's middle half▼ 33.9%-€3,019within the sector's middle half-€50,518below the sector's middle half▼ 1,574%-€49,724below the sector's middle half▲ 1.6%
Equity€200,968above the sector's middle half▲ 55.1%€248,122above the sector's middle half▲ 23.5%€245,103above the sector's middle half▼ 1.2%€194,585above the sector's middle half▼ 20.6%€144,862within the sector's middle half▼ 25.6%
Total assets€340,771within the sector's middle half▲ 87.6%€357,275within the sector's middle half▲ 4.8%€319,032within the sector's middle half▼ 10.7%€227,504within the sector's middle half▼ 28.7%€227,301within the sector's middle half▼ 0.1%
Debt€139,803▲ 169%€109,154▼ 21.9%€73,929▼ 32.3%€32,918▼ 55.5%€82,439▲ 150%
Working capital€165,763above the sector's middle half▲ 41.4%€227,127above the sector's middle half▲ 37.0%€233,531above the sector's middle half▲ 2.8%€188,760above the sector's middle half▼ 19.2%€144,349above the sector's middle half▼ 23.5%
Solvency59.0%within the sector's middle half▼ 12.4pp69.4%within the sector's middle half▲ 10.5pp76.8%above the sector's middle half▲ 7.4pp85.5%above the sector's middle half▲ 8.7pp63.7%within the sector's middle half▼ 21.8pp
Current ratio2.19within the sector's middle half▼ 1.083.09within the sector's middle half▲ 0.904.16above the sector's middle half▲ 1.076.79above the sector's middle half▲ 2.632.76within the sector's middle half▼ 4.03
Return on assets (ROA)20.9%above the sector's middle half▲ 14.2pp13.2%above the sector's middle half▼ 7.8pp-0.9%within the sector's middle half▼ 14.1pp-22.2%below the sector's middle half▼ 21.3pp-21.9%below the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 13, Manufacture of textiles, 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 €37,616 in 2025 against €34,691 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227,301
Fixed assets
€763 ▼ 87.5%
Current assets
€226,538 ▲ 2.3%
Equity and liabilities €227,301
Equity
€144,862 ▼ 25.6%
Debt
€82,439 ▲ 150%
Debt's share of the balance-sheet total rises from 14.5% to 36.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€32,253▼
2024 · -€28,859
Cash flow
-€44,361▲
2024 · -€44,685
Quick ratio
0.55▼
2024 · 1.34
Debt to equity
0.57▲
2024 · 0.17
ROE
-34.3%▼
2024 · -26.0%
Interest coverage
-2.76▼
2024 · -1.87
Debt ≤ 1 year
€82,189▲
2024 · €32,618
Income taxes
€407▲
2024 · €393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 5,834 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,172 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,553 | €15,200 | €10,032 | €5,832 | €5,363 | ▼ 8.0% |
| Other operating charges640/8 | - | €3,833 | €4,248 | €3,945 | €4,673 | ▲ 18.5% |
| Gross operating margin9900 | €130,822 | €108,117 | €34,713 | -€24,914 | -€27,580 | ▼ 10.7% |
| Operating profit (loss)9901 | €113,300 | €89,083 | €20,433 | -€34,691 | -€37,616 | ▼ 8.4% |
| Financial charges65/66B | - | €22,921 | €23,000 | €15,434 | €11,700 | ▼ 24.2% |
| Recurring financial charges65 | €17,841 | €22,921 | €23,000 | €15,434 | €11,700 | ▼ 24.2% |
| Profit (loss) for the period before taxes9903 | €98,920 | €66,163 | -€2,567 | -€50,125 | -€49,316 | ▲ 1.6% |
| Income taxes67/77 | €27,530 | €19,008 | €452 | €393 | €407 | ▲ 3.7% |
| Profit (loss) for the period9904 | €71,390 | €47,154 | -€3,019 | -€50,518 | -€49,724 | ▲ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €71,390 | €47,154 | -€3,019 | -€50,518 | -€49,724 | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,771 | €357,275 | €319,032 | €227,504 | €227,301 | ▼ 0.1% |
| Fixed assets21/28 | €35,505 | €21,295 | €11,572 | €6,126 | €763 | ▼ 87.5% |
| Tangible fixed assets22/27 | €35,505 | €21,295 | €11,572 | €6,126 | €763 | ▼ 87.5% |
| Plant, machinery and equipment23 | - | €15,551 | €10,090 | €4,929 | €264 | ▼ 94.7% |
| Furniture and vehicles24 | - | €5,744 | €1,482 | €1,196 | €499 | ▼ 58.3% |
| Current assets29/58 | €305,266 | €335,981 | €307,460 | €221,378 | €226,538 | ▲ 2.3% |
| Stocks and contracts in progress3 | €171,297 | €270,373 | €243,114 | €177,637 | €181,359 | ▲ 2.1% |
| Stocks30/36 | - | €270,373 | €243,114 | €177,637 | €181,359 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €67,416 | €50,934 | €44,859 | €20,209 | €32,863 | ▲ 62.6% |
| Trade receivables40 | - | €44,634 | €38,559 | €13,909 | €25,037 | ▲ 80.0% |
| Other amounts receivable41 | - | €6,300 | €6,300 | €6,300 | €7,827 | ▲ 24.2% |
| Cash at bank and in hand54/58 | €66,553 | €14,673 | €19,487 | €23,531 | €12,316 | ▼ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,771 | €357,275 | €319,032 | €227,504 | €227,301 | ▼ 0.1% |
| Equity10/15 | €200,968 | €248,122 | €245,103 | €194,585 | €144,862 | ▼ 25.6% |
| Contributions10/11 | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €191,023 | €236,317 | €236,317 | €236,317 | €236,317 | = |
| Distributable reserves133 | - | €236,317 | €236,317 | €236,317 | €236,317 | = |
| Profit (loss) carried forward14 | -€8,655 | -€8,655 | -€11,673 | -€62,191 | -€111,915 | ▼ 80.0% |
| Amounts payable17/49 | €139,803 | €109,154 | €73,929 | €32,918 | €82,439 | ▲ 150% |
| Amounts payable within one year42/48 | €139,503 | €108,854 | €73,929 | €32,618 | €82,189 | ▲ 152% |
| Financial debts43 | - | - | - | - | €62,000 | - |
| Other loans439 | - | - | - | - | €62,000 | - |
| Trade debts44 | €4,674 | €10,220 | €18,150 | €4,193 | €2,373 | ▼ 43.4% |
| Suppliers440/4 | - | €10,220 | €18,150 | €4,193 | €2,373 | ▼ 43.4% |
| Taxes, remuneration and social security45 | - | €42,087 | €37,928 | €21,852 | €17,816 | ▼ 18.5% |
| Taxes450/3 | - | €37,187 | €33,028 | €16,952 | €14,116 | ▼ 16.7% |
| Remuneration and social security454/9 | - | €4,900 | €4,900 | €4,900 | €3,700 | ▼ 24.5% |
| Other amounts payable47/48 | - | €56,546 | €17,851 | €6,573 | - | - |
| Accrued charges and deferred income492/3 | - | €300 | - | €300 | €250 | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,390 | €47,154 | -€3,019 | -€50,518 | -€49,724 | ▲ 1.6% |
| + Depreciation and write-downs630 | €14,553 | €15,200 | €10,032 | €5,832 | €5,363 | ▼ 8.0% |
| Operating cash flow (approximation) | €85,943 | €62,354 | €7,014 | -€44,685 | -€44,361 | ▲ 0.7% |
| Investment in fixed assets (approximation) | - | -€990 | -€310 | -€386 | €0 | ▲ 100% |
| Change in cash | - | -€51,880 | €4,814 | €4,044 | -€11,216 | ▼ 377% |
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
Next filing, fiscal year 2026, expected by
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€50,518
Net result drops to -€50,518, the lowest in the series; recovery starts the following year.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €71,390 ▲482%
Operating result €113,300, net result €71,390, both a record.
30-06
Financial
Equity above €200,000Eq €200,968 ▲55.1%
3 profitable years in a row build equity to €200,968.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1998
Ground area
976 m²
Building footprint
196 m²
Volume, LiDAR
1,391 m³
Parcel 34006A0201/00V003, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kleine Heerweg 88, 8791 Waregem
since 19982.086.252.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0201/00V003 | Flanders | 976 m² | 1 · 196 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ZEEFDRUK DEJONGHE
BE 0886.063.029
Tielt · Eq €144,678
ARTIFLOCK
BE 0475.558.534
Gent · Eq €153,428
B.U. CREATIONS
BE 0838.422.171
Anderlecht · Eq €136,275
PUBLI VIGNERON
BE 0872.025.743
Sint-Truiden · Eq €133,455
PROSPORT MANAGEMENT
BE 0424.741.125
Tournai · Eq €133,189
Of 757 companies in sector 13300 we hold annual accounts for 160. 118 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
Founded20-02-1998
Fiscal year end30-06
Activities, NACEBEL 2025
13300Finishing of textiles
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462582706
Also
9925:BE0462582706
Registered
18-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.