Associated Weavers Europe

Public limited companyfounded 196461 yrs activeWeverijstraat 1, 9600 Ronse, BelgiumKBO/BCE: BE 0400.254.860

Associated Weavers Europe has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €33.89M and a net result of €-9.94M. Equity is shrinking by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Axes, FY 2023 · tick = 2022

Profitability5▼-33

Solvency65▼-14

Growth36▼-1

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 13

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2023

Solvency, return and age of the figures

Solvency

40.2%

Return on assets

-11.8%

Age of the figures

33 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

41 d early

2023

40 d early

2022

39 d early

2021

40 d early

2020

46 d early

2019

42 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

€139.97M▲ 0.2%

2022 · €139.72M

2020: €128.75M 2021: €140.88M 2022: €139.72M

2020 → 2023

EBIT margin

-5.4%▼ 3.6pp

2022 · -1.7%

2020: 2.8% 2021: 3.9% 2022: -1.7%

2020 → 2023

Net result

€-9.94M▼ 140%

2022 · €-4.15M

2020: €953k 2021: €3.78M 2022: €-4.15M

2020 → 2023

Working capital

€15.78M▼ 44.9%

2022 · €28.64M

2020: €31.04M 2021: €33.68M 2022: €28.64M

2020 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2020202120222023Trend

Turnover€128.75M-€140.88M▲ 9.4%€139.72M▼ 0.8%€139.97M▲ 0.2%

Equity€44.17M-€47.95M▲ 8.6%€43.81M▼ 8.6%€33.89M▼ 22.6%

Operating result€3.66M-€5.45M▲ 48.9%€-2.39M€-7.50M▼ 214%

Net result€953k-€3.78M▲ 297%€-4.15M€-9.94M▼ 140%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €7.50M in 2023 against €2.39M in 2022; the loss grows and 2023 has the lowest result in the available series.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €84.31M

22.1%

77.9%

Fixed assets €18.64M▲ 20.4%

Current assets €65.67M▲ 0.6%

Equity and liabilities €84.31M

40.2%

59.7%

Equity €33.89M▼ 22.6%

Provisions €56k▼ 61.5%

Debt €50.36M▲ 36.7%

The debt ratio rises from 45.6% to 59.7%. Equity is lower and debt is higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-4.60M▼

2022 · €1.05M

Cash flow

€-7.04M▼

2022 · €-704k

Solvency

40.2%▼

2022 · 54.2%

Current ratio

1.32▼

2022 · 1.78

Quick ratio

0.40▼

2022 · 0.44

Debt / equity

1.49▲

2022 · 0.84

ROE

-29.3%▼

2022 · -9.5%

ROA

-11.8%▼

2022 · -5.1%

Interest coverage

-3.34▼

2022 · 3.93

Debt

€50.36M▲

2022 · €36.83M

Debt ≤ 1 year

€49.89M▲

2022 · €36.66M

Income taxes

€15k▲

2022 · €13k

Staff costs

€22.44M▲

2022 · €21.25M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€80.79M€84.31M▲

Fixed assets21/28€15.48M€18.64M▲

Intangible fixed assets21€1.67M€4.56M▲

Tangible fixed assets22/27€8.65M€8.51M▼

Land and buildings22€3.39M€2.86M▼

Plant, machinery and equipment23€3.60M€4.60M▲

Furniture and vehicles24€1.24M€873k▼

Leasing and similar rights25€176k-

Assets under construction and advance payments27€234k€177k▼

Financial fixed assets28€5.17M€5.57M▲

Affiliated companies280/1€5.17M€5.57M▲

Participating interests280€5.17M€5.57M▲

Other financial fixed assets284/8€675€675=

Amounts receivable and cash guarantees285/8€675€675=

Current assets29/58€65.30M€65.67M▲

Stocks and contracts in progress3€49.25M€45.68M▼

Stocks30/36€49.25M€45.68M▼

Raw materials and consumables30/31€15.21M€14.90M▼

Work in progress32€5.39M€4.48M▼

Finished goods33€25.25M€23.87M▼

Goods purchased for resale34€3.40M€2.43M▼

Amounts receivable within one year40/41€11.97M€16.55M▲

Trade receivables40€10.11M€14.22M▲

Other amounts receivable41€1.86M€2.33M▲

Cash at bank and in hand54/58€29k€111k▲

Deferred charges and accrued income490/1€4.05M€3.34M▼

Equity and liabilities

Total equity and liabilities10/49€80.79M€84.31M▲

Equity10/15€43.81M€33.89M▼

Contributions10/11€28.47M€28.47M=

Capital10€28.47M€28.47M=

Issued capital100€28.47M€28.47M=

Reserves13€4.23M€4.04M▼

Non-distributable reserves130/1€1.88M€1.88M=

Legal reserve130€1.88M€1.88M=

Other1319€3k€3k=

Tax-exempt reserves132€2.27M€2.08M▼

Distributable reserves133€69k€69k=

Profit (loss) carried forward14€11.11M€1.37M▼

Investment grants15€9k€19k▲

Provisions and deferred taxes16€145k€56k▼

Provisions for liabilities and charges160/5€35k€20k▼

Other liabilities and charges164/5€35k€20k▼

Deferred taxes168€110k€36k▼

Amounts payable17/49€36.83M€50.36M▲

Amounts payable after more than one year17€19k-

Financial debts170/4€19k-

Leasing and similar obligations172€19k-

Amounts payable within one year42/48€36.66M€49.89M▲

Current portion of amounts payable after more than one year42€139k€19k▼

Financial debts43€5.06M€16.61M▲

Other loans439€5.06M€16.61M▲

Trade debts44€25.86M€26.78M▲

Suppliers440/4€25.86M€26.78M▲

Taxes, remuneration and social security45€5.23M€6.47M▲

Taxes450/3€1.47M€1.13M▼

Remuneration and social security454/9€3.76M€5.34M▲

Other amounts payable47/48€375k-

Accrued charges and deferred income492/3€149k€478k▲

Income statement Code20222023

Operating income70/76A€143.66M€139.33M▼

Turnover70€139.72M€139.97M▲

Change in stocks of work in progress, finished goods and contracts in progress71€3.23M€-2.58M▼

Other operating income74€715k€1.83M▲

Non-recurring operating income76A-€113k

Operating charges60/66A€146.05M€146.84M▲

Goods for resale, raw materials and consumables60€87.01M€84.18M▼

Purchases600/8€88.21M€82.96M▼

Change in stocks: decrease (increase)609€-1.21M€1.22M▲

Services and other goods61€33.76M€35.51M▲

Remuneration, social security and pensions62€21.25M€22.44M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.44M€2.90M▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€136k€-116k▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€28k€-15k▼

Other operating charges640/8€419k€531k▲

Non-recurring operating charges66A€11k€1.40M▲

Operating profit (loss)9901€-2.39M€-7.50M▼

Financial income75/76B€312k€650k▲

Recurring financial income75€312k€250k▼

Income from financial fixed assets750€36€59▲

Income from current assets751€676€261▼

Other financial income752/9€312k€250k▼

Non-recurring financial income76B-€400k

Financial charges65/66B€2.17M€3.14M▲

Recurring financial charges65€2.17M€3.14M▲

Debt charges650€268k€1.38M▲

Other financial charges652/9€1.90M€1.76M▼

Profit (loss) for the period before taxes9903€-4.25M€-9.99M▼

Transfer from deferred taxes780€113k€66k▼

Income taxes67/77€13k€15k▲

Taxes670/3€13k€15k▲

Profit (loss) for the period9904€-4.15M€-9.94M▼

Transfer from tax-exempt reserves789€339k€198k▼

Profit (loss) for the period to be appropriated9905€-3.81M€-9.74M▼

Appropriation of the result

Profit (loss) to be appropriated9906€11.11M€1.37M▼

Profit (loss) brought forward from the previous period14P€14.91M€11.11M▼

Social balance

Average headcount (FTE)9087450.3445.7▼

The notes to these accounts (110 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 35Financial 2Gazette 23Filings 10

2026

09-09

State Gazette act General meeting · Director resignation

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2026-06-01
Director resignation, Belgotex International NV (bestuurder)
Director appointment, Belgotex International NV (bestuurder)
Permanent representative, Michel Van Waeyenberge

2025

30-10

State Gazette act Resignations & appointments

General meeting · Director appointment · Permanent representative3 facts ▸

General meeting, 2025-10-08
Director appointment, A.O.C. Consulting (bestuurder)
Permanent representative, Sebastiaan Deboodt

20-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

02-09

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge5 facts ▸

General meeting, 2024-08-12
Director resignation, Deloitte Bedrijfsrevisoren B.V. (commissaris)
Director discharge, Deloitte Bedrijfsrevisoren B.V.
Auditor appointment, KPMG Bedrijfsrevisoren B.V. (commissaris)
Permanent representative, Joachim Hoebeeck

21-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

18-06

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment6 facts ▸

General meeting, 2024-06-03
Director resignation, Aeneas Management Consultants - FZCO (bestuurder)
Director resignation, Associated Weavers International NV (bestuurder)
Director appointment, Luc Blommaert (bestuurder)
Director appointment, Associated Weavers International NV (bestuurder)
Permanent representative, Edward Colle

12-04

State Gazette act Resignations & appointments

Board meeting · Director appointment · Permanent representative3 facts ▸

Board meeting, 2024-03-20
Director appointment, A.O.C. Consulting BV (Algemeen Directeur)
Permanent representative, Sebastian Deboodt

2023

31-12

Financial Weakest financial yearnet €-9.94M

Net result drops to €-9.94M, the lowest in the series.

23-10

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment5 facts ▸

Board meeting, 2023-10-02
Director resignation, Associated Weavers International N.V. (bestuurder)
Director resignation, B.V Deporte Erik (bestuurder)
Director appointment, Associated Weavers International N.V. (bestuurder)
Permanent representative, Edward Colle

22-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

28-12

State Gazette act Resignations & appointments

General meeting · Director appointment · Permanent representative3 facts ▸

General meeting, 2022-10-20
Director appointment, Aeneas Management Consultants - FZCO (bestuurder)
Permanent representative, Luc Blommaert

13-07

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2022-06-07
Auditor reappointment, commissaris, 3 years

21-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

10-05

State Gazette act Resignations & appointments

Director resignation1 fact ▸

Director resignation, B.V. Dees Dirk (bestuurder)

2021

31-12

Financial Highest result since 2020net €3.78M ▲297%

Operating result €5.45M, net result €3.78M, both a record.

15-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

09-07

State Gazette act Resignations & appointments

General meeting · Director resignation · Director reappointment13 facts ▸

General meeting, 2020-06-02
Director resignation, Associated Weavers International
Director resignation, Deporte Erik
Director resignation, Belgotex International
Director resignation, Dees Dirk
Director reappointment, Associated Weavers International (bestuurder)
Director reappointment, Deporte Erik (bestuurder)
Director reappointment, Belgotex International (bestuurder)
Director reappointment, Dees Dirk (bestuurder)
Permanent representative, Stefaan Colle
Permanent representative, Erik Deporte
Permanent representative, Michel Van Waeyenberge
+1 further facts in this act

19-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

27-06

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative3 facts ▸

General meeting, 2019-06-03
Auditor reappointment, commissaris, 3 years
Permanent representative, Michel Van Waeyenberge

19-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

23-08

State Gazette act Restructuring

General meeting · Merger · Capital increase8 facts ▸

General meeting, 2018-07-31
Merger, absorption, 2018-01-01
Capital increase, €1.805.000
Share issue, 5409, fusie
Capital, €28.468.548
Statutes amendment
Power of attorney, ASSOCIATED WEAVERS EUROPE
Power of attorney, ASSOCIATED WEAVERS EUROPE

18-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

05-06

State Gazette act Restructuring

Merger · Capital · Corporate purpose33 facts ▸

Merger, absorption
Capital, €1.805.000
Corporate purpose, Het doel van de vennootschap is fabricatie, de bewerking, de verdeling, de aan- en verkoop, de in- en uitvoer, zo voor eigen rekening als voor rekening van derd…
Board composition, bestuurder, 2018-05-22
Permanent representative, Stefaan Colle
Board composition, bestuurder, 2018-05-22
Permanent representative, Michel Van Waeyenberge
Board composition, bestuurder, 2018-05-22
Permanent representative, Erik Deporte
Capital, €26.663.548
Corporate purpose, De Vennootschap heeft als doel: het vervaardigen, afwerken, verven, snijden, aankopen en verkopen, invoeren en uitvoeren en in het algemeen, handel drijven in t…
Board composition, bestuurder, 2018-05-22
+21 further facts in this act

2017

15-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

01-07

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2016-06-06
Auditor reappointment, commissaris, 3 jaar

17-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2014

02-07

State Gazette act Resignations & appointments

General meeting · Director resignation · Director reappointment13 facts ▸

General meeting, 2014-06-02
Director resignation, Associated Weavers International
Director resignation, Deporte Erik
Director resignation, Belgotex International
Director resignation, Dirk Dees
Director reappointment, Associated Weavers International (bestuurder)
Director reappointment, Deporte Erik (bestuurder)
Director reappointment, Belgotex International (bestuurder)
Director reappointment, Dirk Dees (bestuurder)
Permanent representative, Erik Deporte
Permanent representative, Erik Deporte
Permanent representative, Michel Van Waeyenberge
+1 further facts in this act

30-04

State Gazette act Registered office

Registered-office move1 fact ▸

Registered-office move, Weverijstraat 1 te 9600 Ronse

2013

28-06

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative3 facts ▸

General meeting, 2013-06-03
Auditor reappointment, commissaris, 3 jaar
Permanent representative, Michel Van Waeyenberge

2011

29-06

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment6 facts ▸

General meeting, 2011-06-06
Director resignation, Leo Van Steenberge (vertegenwoordiger van de commissaris)
Director appointment, Kurt Dehoorne (vertegenwoordiger van de commissaris)
Director appointment, B.V.B.A. Dirk Dees (bestuurder)
Permanent representative, Dirk Dees
Mandate compensation, B.V.B.A. Dirk Dees

20-01

State Gazette act Capital & shares

General meeting · Capital increase · Bank account8 facts ▸

General meeting, 22/12/2010
Capital increase, €23.996.234
Capital increase, €3.766
Bank account, KBC BANK BEDRIJVENKANTOOR te Kortrijk, 3.766,00
Capital decrease, €7.018.452
Capital, €26.663.548
Statutes amendment
Power of attorney, bestuurders van ASSOCIATED WEAVERS EUROPE

2010

29-07

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2010-06-07
Auditor reappointment, commissaris, 3 jaar

2007

12-11

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2007-06-04
Auditor reappointment, commissaris, boekjaar 1 januari 2007-31 december 2007 om te verlopen tijdens de algemene vergadering van 2010

2006

29-05

State Gazette act Restructuring · Miscellaneous

Merger · Permanent representative2 facts ▸

Merger
Permanent representative, Dries Bossuyt

15-05

State Gazette act Capital & shares · Statutes amendment

General meeting · Statutes amendment2 facts ▸

General meeting, 2006-04-12
Statutes amendment

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

13 directors, no change since 2026

BELGOTEX INTERNATIONAL

Director · since 01-06-2026 · Public limited company · perm. rep.: Michel Van Waeyenberge

Current

A.O.C. Consulting

Director · since 08-10-2025 · Private limited company · perm. rep.: Sebastiaan Deboodt

Current

Associated Weavers International NV

Director · since 03-06-2024 · Legal entity · perm. rep.: Edward Colle

Current

Luc Blommaert

Director · since 03-06-2024

Current

A.O.C. Consulting BV

Algemeen directeur · since 16-01-2024 · Legal entity · perm. rep.: Sebastian Deboodt

Current

Associated Weavers International N.V.

Director · since 02-10-2023 · Legal entity · perm. rep.: Edward Colle

Current

+ 4 not shown in this overview

01-06-2026 BELGOTEX INTERNATIONAL: Resigned as Director

01-06-2026 BELGOTEX INTERNATIONAL: Appointed as Director

08-10-2025 A.O.C. Consulting: Appointed as Director

03-06-2024 Associated Weavers International NV: Resigned as Director

03-06-2024 Associated Weavers International NV: Appointed as Director

03-06-2024 Luc Blommaert: Appointed as Director

03-06-2024 Aeneas Management Consultants - FZCO: Resigned as Director

16-01-2024 A.O.C. Consulting BV: Appointed as Algemeen directeur

02-10-2023 Associated Weavers International N.V.: Appointed as Director

01-10-2023 Associated Weavers International N.V.: Resigned as Director

26-09-2023 B.V Deporte Erik: Resigned as Director

20-10-2022 Aeneas Management Consultants - FZCO: Appointed as Director

17-01-2022 B.V. Dees Dirk: Resigned as Director

02-06-2020 Associated Weavers International: Mandate renewed as Director

02-06-2020 Associated Weavers International: Resigned

02-06-2020 BELGOTEX INTERNATIONAL: Mandate renewed as Director

02-06-2020 BELGOTEX INTERNATIONAL: Resigned

02-06-2020 Deporte Erik: Mandate renewed as Director

02-06-2020 Deporte Erik: Resigned

02-06-2020 Dirk Dees: Resigned

02-06-2020 Dirk Dees: Mandate renewed as Director

02-06-2014 Associated Weavers International: Mandate renewed as Director

02-06-2014 Associated Weavers International: Resigned

02-06-2014 BELGOTEX INTERNATIONAL: Mandate renewed as Director

+ 7 not shown in this overview

Location & real-estate footprint

Registered office, Ronse · 1 establishment unit since 1964

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Weverijstraat 19600 Ronse

Ground area

14.9 ha

Building footprint

7.8 ha

Volume, LiDAR

740,788 m³

Parcel 45422C0911/00N000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Weverijstraat 1, 9600 Ronse

NACE 17510

since 19642.000.127.924

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45422C0911/00N000	Flanders	14.9 ha	1 · 7.8 ha	13.7 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

6 auditors

KPMG Bedrijfsrevisoren B.V.Current

Statutory auditor · represented by Joachim Hoebeeck

12-08-2024 → present

Show 5 earlier auditors

B.V. Deloitte Bedrijfsrevisoren Statutory auditor	07-06-2022 → 01-01-2024
BV o.v.v.e C.V.B.A. DELOITTE BEDRIJFSREVISOREN Statutory auditor · represented by Kurt Dehoorne succeeded by Deloitte bedrijfsrevisoren CVBA in 2019	03-06-2013 → 03-06-2019
Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA Auditor · represented by Kurt Dehoorne succeeded by BV o.v.v.e C.V.B.A. DELOITTE BEDRIJFSREVISOREN in 2013	07-06-2010 → 03-06-2013
Deloitte bedrijfsrevisoren CVBA Statutory auditor · represented by Kurt Dehoorne succeeded by KPMG Bedrijfsrevisoren B.V. in 2024	03-06-2019 → 12-08-2024
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises Statutory auditor succeeded by Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA in 2010	01-01-2007 → 07-06-2010