AVITEX
ActiveSummary
AVITEX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €176,176 and a net result of -€93,364. Equity is shrinking by ~12.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability2▼-10
Solvency50▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.56 in 2023; short-term debt: 67.3% and cash: 2.5% of total assets), and 74.8% of the assets are financed with debt.
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Signals
Six 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 2024Solvency, return and age of the figures
Solvency
25.2%
Return on assets
-13.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
29 d late
2023
36 d early
2022
17 d early
2021
40 d early
2020
15 d early
2019
17 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 19 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€176,176▼ 34.6%
2023 · €269,540
Total assets
€700,427▼ 6.5%
2023 · €749,025
Net result
-€93,364▼ 122%
2023 · -€42,074
Working capital
-€258,724▼ 37.0%
2023 · -€188,886
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
Line20202021202220232024
Operating result-€36,762▲ 59.8%€19,268-€21,624-€27,243▼ 26.0%-€70,806▼ 160%
Net result-€47,698below the sector's middle half▲ 47.4%€8,701within the sector's middle half-€31,369below the sector's middle half-€42,074below the sector's middle half▼ 34.1%-€93,364below the sector's middle half▼ 122%
Equity€334,282within the sector's middle half▼ 12.5%€342,983within the sector's middle half▲ 2.6%€311,614within the sector's middle half▼ 9.1%€269,540within the sector's middle half▼ 13.5%€176,176below the sector's middle half▼ 34.6%
Total assets€1.0mwithin the sector's middle half▼ 13.1%€930,471within the sector's middle half▼ 8.9%€842,642within the sector's middle half▼ 9.4%€749,025within the sector's middle half▼ 11.1%€700,427below the sector's middle half▼ 6.5%
Debt€687,028▼ 13.4%€587,488▼ 14.5%€531,028▼ 9.6%€479,486▼ 9.7%€524,251▲ 9.3%
Working capital-€105,857below the sector's middle half▼ 25.8%-€103,768below the sector's middle half▲ 2.0%-€139,578below the sector's middle half▼ 34.5%-€188,886below the sector's middle half▼ 35.3%-€258,724below the sector's middle half▼ 37.0%
Solvency32.7%within the sector's middle half▲ 0.2pp36.9%within the sector's middle half▲ 4.1pp37.0%within the sector's middle half▲ 0.1pp36.0%within the sector's middle half▼ 1.0pp25.2%within the sector's middle half▼ 10.8pp
Current ratio0.80below the sector's middle half▼ 0.060.78below the sector's middle half▼ 0.020.69below the sector's middle half▼ 0.090.56below the sector's middle half▼ 0.130.45below the sector's middle half▼ 0.11
Return on assets (ROA)-4.7%below the sector's middle half▲ 3.1pp0.9%within the sector's middle half▲ 5.6pp-3.7%below the sector's middle half▼ 4.7pp-5.6%below the sector's middle half▼ 1.9pp-13.3%below the sector's middle half▼ 7.7pp
Staff (FTE)6.9within the sector's middle half▼ 15.9%6within the sector's middle half▼ 13.0%3.7within the sector's middle half▼ 38.3%2within the sector's middle half▼ 45.9%2within the sector's middle half=
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €70,806 in 2024 against €27,243 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €700,427
Fixed assets
€487,857 ▼ 4.6%
Current assets
€212,571 ▼ 10.5%
Equity and liabilities €700,427
Equity
€176,176 ▼ 34.6%
Debt
€524,251 ▲ 9.3%
Debt's share of the balance-sheet total rises from 64.0% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€47,014▼
2023 · €1,077
Cash flow
-€69,572▼
2023 · -€13,754
Quick ratio
0.20▼
2023 · 0.28
Debt to equity
2.98▲
2023 · 1.78
ROE
-53.0%▼
2023 · -15.6%
Interest coverage
-2.13▼
2023 · 0.07
Debt ≤ 1 year
€471,295▲
2023 · €426,263
Debt > 1 year
€52,526▼
2023 · €52,798
Income taxes
€603▲
2023 · €482
Staff costs
€116,113▲
2023 · €113,597
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.3% 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 497,338 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% | 1.9% |
| 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 1,221 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,164 | - | - | - |
| Remuneration, social security and pensions62 | - | €162,741 | €127,883 | €113,597 | €116,113 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,085 | €31,219 | €31,658 | €28,321 | €23,792 | ▼ 16.0% |
| Other operating charges640/8 | - | €19,703 | €15,698 | €16,102 | €16,636 | ▲ 3.3% |
| Gross operating margin9900 | €206,091 | €232,932 | €153,615 | €130,776 | €85,735 | ▼ 34.4% |
| Operating profit (loss)9901 | -€36,762 | €19,268 | -€21,624 | -€27,243 | -€70,806 | ▼ 160% |
| Financial income75/76B | - | €472 | €651 | €123 | €90 | ▼ 26.7% |
| Recurring financial income75 | €1,496 | €472 | €651 | €123 | €90 | ▼ 26.7% |
| Financial charges65/66B | - | €10,749 | €9,963 | €14,471 | €22,045 | ▲ 52.3% |
| Recurring financial charges65 | €11,334 | €10,749 | €9,963 | €14,471 | €22,045 | ▲ 52.3% |
| Profit (loss) for the period before taxes9903 | -€46,600 | €8,991 | -€30,936 | -€41,592 | -€92,761 | ▼ 123% |
| Income taxes67/77 | €1,099 | €291 | €433 | €482 | €603 | ▲ 25.0% |
| Profit (loss) for the period9904 | -€47,698 | €8,701 | -€31,369 | -€42,074 | -€93,364 | ▼ 122% |
| Profit (loss) for the period to be appropriated9905 | -€47,698 | €8,701 | -€31,369 | -€42,074 | -€93,364 | ▼ 122% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €930,471 | €842,642 | €749,025 | €700,427 | ▼ 6.5% |
| Fixed assets21/28 | €595,336 | €567,153 | €535,495 | €511,648 | €487,857 | ▼ 4.6% |
| Tangible fixed assets22/27 | €472,465 | €444,282 | €412,624 | €388,778 | €364,986 | ▼ 6.1% |
| Land and buildings22 | - | €277,235 | €274,943 | €272,650 | €271,769 | ▼ 0.3% |
| Plant, machinery and equipment23 | - | €6,195 | €2,428 | €5,213 | €3,958 | ▼ 24.1% |
| Furniture and vehicles24 | - | €1,073 | €661 | €249 | - | - |
| Leasing and similar rights25 | - | €159,779 | €134,593 | €110,666 | €89,259 | ▼ 19.3% |
| Financial fixed assets28 | €122,870 | €122,870 | €122,870 | €122,870 | €122,870 | = |
| Current assets29/58 | €425,975 | €363,318 | €307,147 | €237,377 | €212,571 | ▼ 10.5% |
| Amounts receivable after more than one year29 | - | €19,511 | €19,622 | €7,736 | - | - |
| Other amounts receivable291 | - | €19,511 | €19,622 | €7,736 | - | - |
| Stocks and contracts in progress3 | €116,624 | €118,300 | €119,310 | €118,061 | €119,319 | ▲ 1.1% |
| Stocks30/36 | - | €118,300 | €119,310 | €118,061 | €119,319 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €200,261 | €135,522 | €119,469 | €71,497 | €70,698 | ▼ 1.1% |
| Trade receivables40 | - | €123,560 | €105,054 | €60,153 | €65,318 | ▲ 8.6% |
| Other amounts receivable41 | - | €11,963 | €14,415 | €11,344 | €5,381 | ▼ 52.6% |
| Cash at bank and in hand54/58 | €83,571 | €84,998 | €41,949 | €33,292 | €17,740 | ▼ 46.7% |
| Deferred charges and accrued income490/1 | - | €4,987 | €6,796 | €6,791 | €4,813 | ▼ 29.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €930,471 | €842,642 | €749,025 | €700,427 | ▼ 6.5% |
| Equity10/15 | €334,282 | €342,983 | €311,614 | €269,540 | €176,176 | ▼ 34.6% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Capital10 | - | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Issued capital100 | - | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €348,788 | €348,788 | €348,788 | €348,788 | €348,788 | = |
| Non-distributable reserves130/1 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Legal reserve130 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Tax-exempt reserves132 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | €331,394 | €331,394 | €331,394 | €331,394 | = |
| Profit (loss) carried forward14 | -€138,453 | -€129,752 | -€161,121 | -€203,195 | -€296,559 | ▼ 45.9% |
| Amounts payable17/49 | €687,028 | €587,488 | €531,028 | €479,486 | €524,251 | ▲ 9.3% |
| Amounts payable after more than one year17 | €154,273 | €119,788 | €83,891 | €52,798 | €52,526 | ▼ 0.5% |
| Financial debts170/4 | - | €119,788 | €83,891 | €52,798 | €52,526 | ▼ 0.5% |
| Amounts payable within one year42/48 | €531,831 | €467,086 | €446,725 | €426,263 | €471,295 | ▲ 10.6% |
| Current portion of amounts payable after more than one year42 | - | €43,402 | €41,895 | €38,470 | €49,603 | ▲ 28.9% |
| Financial debts43 | - | €225,000 | €225,000 | €225,000 | €175,000 | ▼ 22.2% |
| Credit institutions430/8 | - | €225,000 | €225,000 | €225,000 | €175,000 | ▼ 22.2% |
| Trade debts44 | €206,287 | €146,614 | €113,625 | €89,768 | €138,578 | ▲ 54.4% |
| Suppliers440/4 | - | €146,614 | €113,625 | €89,768 | €138,578 | ▲ 54.4% |
| Taxes, remuneration and social security45 | - | €17,074 | €14,657 | €21,071 | €54,914 | ▲ 161% |
| Taxes450/3 | - | €7,116 | €6,375 | €3,356 | €9,283 | ▲ 177% |
| Remuneration and social security454/9 | - | €9,958 | €8,282 | €17,715 | €45,631 | ▲ 158% |
| Other amounts payable47/48 | - | €34,995 | €51,548 | €51,955 | €53,200 | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | €614 | €412 | €425 | €431 | ▲ 1.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,698 | €8,701 | -€31,369 | -€42,074 | -€93,364 | ▼ 122% |
| + Depreciation and write-downs630 | €46,085 | €31,219 | €31,658 | €28,321 | €23,792 | ▼ 16.0% |
| Operating cash flow (approximation) | -€1,613 | €39,920 | €290 | -€13,754 | -€69,572 | ▼ 406% |
| Investment in fixed assets (approximation) | - | -€3,036 | €0 | -€4,474 | €0 | ▲ 100% |
| Change in cash | - | €1,427 | -€43,049 | -€8,657 | -€15,552 | ▼ 79.6% |
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
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€93,364
Net result drops to -€93,364, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €8,701
Net result €8,701 after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
26-06
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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Ingelmunster · 2 establishment units since 1987
Ground area
1.1 ha
Building footprint
6,407 m²
Volume, LiDAR
34,692 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Avitex, afdeling Laminage
since 19872.258.987.864
Avitex, afdeling Matelassage
since 19872.258.988.260
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0370/00X003 | Flanders | 7,306 m² | 1 · 4,527 m² | 8.8 m · 2 fl. |
| 36007C0120/00D003 | Flanders | 3,214 m² | 1 · 1,880 m² | 6.0 m · 2 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 209 companies in sector 13100 we hold annual accounts for 140. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
13100Manufacture of textiles
13960Manufacture of textiles
46412Wholesale of household textiles and bedding
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430000406
Also
9925:BE0430000406
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.