BASALTEX
ActiveSummary
BASALTEX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €208,562. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 74% of 639 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+3
Solvency94▼-6
Growth81=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 3.74 against 5.38 in 2024; short-term debt: 24.1% and cash: 2% of total assets), and 31.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.9%
Return on assets
10.1%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
1 d early
2023
6 d early
2022
25 d early
2021
5 d early
2020
29 d early
2019
on the day
← 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 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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, abbreviated schema
Turnover
€1.5m▼ 2.6%
2020 · €1.5m
EBIT margin
0.1%▼ 3.5pp
2020 · 3.6%
Net result
€208,562▲ 78.1%
2024 · €117,078
Working capital
€1.4m▲ 23.9%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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
Turnover€1.5m▼ 2.6%
Operating result€1,190▼ 97.8%€603,171▲ 50,599%€255,471▼ 57.6%€169,395▼ 33.7%€249,549▲ 47.3%
Net result-€2,049within the sector's middle half€601,930above the sector's middle half€113,835above the sector's middle half▼ 81.1%€117,078above the sector's middle half▲ 2.8%€208,562above the sector's middle half▲ 78.1%
EBIT margin0.1%▼ 3.5pp
Equity€661,393above the sector's middle half▼ 0.3%€1.3mabove the sector's middle half▲ 91.0%€1.4mabove the sector's middle half▲ 9.0%€1.2mabove the sector's middle half▼ 11.5%€1.4mabove the sector's middle half▲ 17.1%
Total assets€1.1mwithin the sector's middle half▲ 19.9%€1.9mabove the sector's middle half▲ 71.6%€1.8mabove the sector's middle half▼ 3.0%€1.6mabove the sector's middle half▼ 15.9%€2.1mabove the sector's middle half▲ 33.4%
Debt€448,447▲ 71.0%€640,795▲ 42.9%€469,439▼ 26.7%€333,874▼ 28.9%€643,814▲ 92.8%
Working capital€548,242▲ 16.7%€1.1m▲ 105%€1.3m▲ 14.7%€1.1m▼ 14.3%€1.4m▲ 23.9%
Solvency59.6%within the sector's middle half▼ 12.1pp66.3%within the sector's middle half▲ 6.8pp74.6%above the sector's middle half▲ 8.2pp78.5%above the sector's middle half▲ 3.9pp68.9%within the sector's middle half▼ 9.6pp
Staff (FTE)1.8within the sector's middle half▼ 30.8%2.3within the sector's middle half▲ 27.8%3.4within the sector's middle half▲ 47.8%3.6within the sector's middle half▲ 5.9%2.8within the sector's middle half▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€200,913 ▲ 3.7%
Current assets
€1.9m ▲ 37.6%
Equity and liabilities €2.1m
Equity
€1.4m ▲ 17.1%
Debt
€643,814 ▲ 92.8%
Debt's share of the balance-sheet total rises from 21.5% to 31.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€367,807▲
2024 · €279,900
Cash flow
€326,820▲
2024 · €227,584
Current ratio
3.74▼
2024 · 5.38
Quick ratio
2.62▼
2024 · 3.21
Debt to equity
0.45▲
2024 · 0.27
ROE
14.6%▲
2024 · 9.6%
ROA
10.1%▲
2024 · 7.5%
Interest coverage
33.73▲
2024 · 23.72
Debt ≤ 1 year
€499,543▲
2024 · €252,598
Income taxes
€50,596▼
2024 · €71,900
Staff costs
€281,709▼
2024 · €325,416
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.6m | - | - | - | - | - |
| Turnover70 | €1.5m | - | - | - | - | - |
| Own construction capitalised72 | €102,293 | - | - | - | - | - |
| Other operating income74 | €61,610 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €15,966 | - | - | - |
| Operating charges60/66A | €1.6m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €1.0m | - | - | - | - | - |
| Purchases600/8 | €1.1m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€21,861 | - | - | - | - | - |
| Services and other goods61 | €267,705 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €194,578 | €219,544 | €318,902 | €325,416 | €281,709 | ▼ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124,384 | €121,207 | €123,819 | €110,505 | €118,257 | ▲ 7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5,265 | -€5,208 | €4,599 | -€38,931 | €27,609 | ▲ 171% |
| Other operating charges640/8 | €3,166 | €4,289 | €3,708 | €13,635 | €11,211 | ▼ 17.8% |
| Non-recurring operating charges66A | - | - | €803 | €3,715 | €8,393 | ▲ 126% |
| Gross operating margin9900 | - | €943,002 | €707,302 | €583,736 | €696,730 | ▲ 19.4% |
| Operating profit (loss)9901 | €1,190 | €603,171 | €255,471 | €169,395 | €249,549 | ▲ 47.3% |
| Financial income75/76B | €1,555 | €6,005 | €27,844 | €31,385 | €20,512 | ▼ 34.6% |
| Recurring financial income75 | €1,555 | €6,005 | €27,844 | €31,385 | €20,512 | ▼ 34.6% |
| Income from current assets751 | €1,150 | - | - | - | - | - |
| Other financial income752/9 | €405 | - | - | - | - | - |
| Financial charges65/66B | €4,418 | €5,939 | €13,046 | €11,801 | €10,903 | ▼ 7.6% |
| Recurring financial charges65 | €4,418 | €5,939 | €13,046 | €11,801 | €10,903 | ▼ 7.6% |
| Debt charges650 | €828 | - | - | - | - | - |
| Other financial charges652/9 | €3,591 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,674 | €603,237 | €270,270 | €188,979 | €259,158 | ▲ 37.1% |
| Income taxes67/77 | €375 | €1,307 | €156,434 | €71,900 | €50,596 | ▼ 29.6% |
| Taxes670/3 | €1,251 | - | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €875 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,049 | €601,930 | €113,835 | €117,078 | €208,562 | ▲ 78.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,049 | €601,930 | €113,835 | €117,078 | €208,562 | ▲ 78.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.9m | €1.8m | €1.6m | €2.1m | ▲ 33.4% |
| Fixed assets21/28 | €194,654 | €187,315 | €159,427 | €193,756 | €200,913 | ▲ 3.7% |
| Intangible fixed assets21 | €151,063 | €166,652 | €156,468 | €193,266 | €200,913 | ▲ 4.0% |
| Tangible fixed assets22/27 | €43,592 | €20,663 | €2,959 | €490 | - | - |
| Plant, machinery and equipment23 | €23,344 | €11,651 | €2,076 | €490 | - | - |
| Furniture and vehicles24 | €486 | - | - | - | - | - |
| Leasing and similar rights25 | €19,762 | €9,012 | €883 | - | - | - |
| Current assets29/58 | €915,186 | €1.7m | €1.7m | €1.4m | €1.9m | ▲ 37.6% |
| Stocks and contracts in progress3 | €193,716 | €384,254 | €478,411 | €548,952 | €559,860 | ▲ 2.0% |
| Stocks30/36 | €193,716 | €384,254 | €478,411 | €548,952 | €559,860 | ▲ 2.0% |
| Raw materials and consumables30/31 | €114,935 | - | - | - | - | - |
| Goods purchased for resale34 | €78,781 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €683,727 | €1.3m | €1.2m | €784,930 | €1.3m | ▲ 59.5% |
| Trade receivables40 | €290,634 | €501,593 | €572,808 | €219,207 | €325,627 | ▲ 48.5% |
| Other amounts receivable41 | €393,094 | €815,582 | €615,924 | €565,723 | €926,453 | ▲ 63.8% |
| Cash at bank and in hand54/58 | €19,526 | €88 | €930 | €930 | €41,335 | ▲ 4,343% |
| Deferred charges and accrued income490/1 | €18,217 | €15,285 | €19,097 | €24,543 | €17,426 | ▼ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.9m | €1.8m | €1.6m | €2.1m | ▲ 33.4% |
| Equity10/15 | €661,393 | €1.3m | €1.4m | €1.2m | €1.4m | ▲ 17.1% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €1,973 | €263,323 | €377,158 | €219,237 | €427,799 | ▲ 95.1% |
| Non-distributable reserves130/1 | €1,973 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Legal reserve130 | €1,973 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Distributable reserves133 | - | €163,323 | €277,158 | €119,237 | €327,799 | ▲ 175% |
| Profit (loss) carried forward14 | -€340,580 | - | - | - | - | - |
| Amounts payable17/49 | €448,447 | €640,795 | €469,439 | €333,874 | €643,814 | ▲ 92.8% |
| Amounts payable after more than one year17 | €9,439 | - | - | - | - | - |
| Financial debts170/4 | €9,439 | - | - | - | - | - |
| Leasing and similar obligations172 | €9,439 | - | - | - | - | - |
| Amounts payable within one year42/48 | €366,943 | €591,251 | €395,600 | €252,598 | €499,543 | ▲ 97.8% |
| Current portion of amounts payable after more than one year42 | €11,078 | €9,439 | €954 | - | - | - |
| Trade debts44 | €318,169 | €528,074 | €320,662 | €150,943 | €414,030 | ▲ 174% |
| Suppliers440/4 | €318,169 | €528,074 | €320,662 | €150,943 | €414,030 | ▲ 174% |
| Advances received on contracts in progress46 | €766 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €36,931 | €53,738 | €73,984 | €101,656 | €85,514 | ▼ 15.9% |
| Taxes450/3 | €2,110 | €2,468 | €2,880 | - | €2,255 | - |
| Remuneration and social security454/9 | €34,821 | €51,270 | €71,104 | €101,656 | €83,258 | ▼ 18.1% |
| Accrued charges and deferred income492/3 | €72,064 | €49,544 | €73,839 | €81,276 | €144,271 | ▲ 77.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,049 | €601,930 | €113,835 | €117,078 | €208,562 | ▲ 78.1% |
| + Depreciation and write-downs630 | €124,384 | €121,207 | €123,819 | €110,505 | €118,257 | ▲ 7.0% |
| Operating cash flow (approximation) | €122,335 | €723,137 | €237,655 | €227,584 | €326,820 | ▲ 43.6% |
| Investment in fixed assets (approximation) | - | -€113,868 | -€95,931 | -€144,835 | -€125,414 | ▲ 13.4% |
| Change in cash | - | -€19,438 | €842 | €0 | €40,405 | - |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €601,930
Net result €601,930 after one loss-making year.
30-09
Financial
Equity above €1mEq €1.3m ▲91%
Equity rises from €661,393 to €1.3m.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €39,461
Net result €39,461 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Wevelgem · 1 establishment unit since 2013
Ground area
2.5 ha
Building footprint
114 m²
Parcel 34041C0880/00N000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BASALTEX
since 20132.219.082.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0880/00N000 | Flanders | 2.5 ha | 1 · 114 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- FIN - COL
- BASALTEX
Highest known parent: FIN - COL. The sources do not say who stands above it.
Owners 1
- FIN - COLparent99.98%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 261,400 EUR awarded · 106,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 196,761 EUR | 91,495 EUR |
| 2024 | 1 | 4,533 EUR | 7,833 EUR |
| 2023 | 2 | 56,324 EUR | 3,024 EUR |
| 2022 | 2 | 3,782 EUR | 3,782 EUR |
European research
1 project · 75,938 EUR EU contributionProgrammes
Projects
ECONOMIC MANUFACTURING PROCESS OF RECYCLABLE COMPOSITE MATERIALS FOR DURABLE HYDROGEN STORAGE
Similar companies · same sector, comparable size
Azalea Vision
BE 0753.715.734
Gent · Eq €1,432,395
DOKTER LUC ENGELS
BE 0476.815.178
Wemmel · Eq €1,435,175
THEOREMA
BE 0824.097.647
Antwerpen · Eq €1,439,592
DRS. REMANS REUMATOLOGIE
BE 0822.082.423
Genk · Eq €1,451,007
Bridge2Health
BE 0840.607.146
Liège · Eq €1,464,330
Of 4,561 companies in sector 74999 we hold annual accounts for 1,936. 713 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
Founded24-04-2013
Fiscal year end30-09
Activities, NACEBEL 2025
13300Finishing of textiles
74999Other professional, scientific and technical activities
46419Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0533741609
Registered
10-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.