Equity
€885,282 from €4.8m in 2022
Equity fell by 82% in 3 years.
BELIMTEX
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €35.4m (2022)
€29.4m▲ 9.3%
peak €683,540 (2024)
€176,491▼ 74.2%
peak €4.8m (2022)
€885,282▲ 24.9%
€14.4m▼ 0.4%
peak 1.1 FTE (2022)
1 FTEunchanged
Board5 names since 2019
2 directorsMARINEL INVEST and 1 other
Owners
99.12%MARINEL INVEST
Documentsfilings and deeds
30-04-2026on the last day
2025financial year
Result from €683,540 to €176,491Equity from €708,791 to €885,282Investments €117,207
Key points
from the 2025 annual accountsChecked score
81
Excellent
Financially stronger than 34% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.5%▲ +0.1 percentage points vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.4 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025
02-2026: 1.2%▲ +0.2 percentage points vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.9%▼ -0.4 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.4%▼ -0.5 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €885,282 (5.8% of total assets)
Liquidity: current ratio 1.34, cash €197,864
lowers risk
Size: turnover €29.4m, 1 FTE, total assets €15.3m
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 20% of them on solvency, 13% on liquidity, 28% on profitability and 74% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as BELIMTEX has now. Each dot stands for 3 companies, two years later.
96.8%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BELIMTEX itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for BELIMTEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.34 (1.32 in 2024), below the usual 1.5. Short-term debt is 73.3% and cash 1.3% of total assets. 94.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 6192 sector peers (2025).
NBB · sector comparisonPosition among 6192 sector peers
Solvency
better than 10%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €885,282
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 days early
2023
13 days early
2022
13 days early
2021
30 days early
2020
17 days early
2019
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 17 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
DB
DMI BV
Director
- MARINEL INVEST 99.12%equity €12.0m (2025) · 30-09-2025 annual accounts of MARINEL INVEST
Shares in 1 company, EURO YARNS BELGIUM
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473397909
Registered office moved within Waregem
New registered office: Posterijstraat 23- bus 1, 8793 Waregem · Previous registered office: Abeelstraat 13, 8793 Waregem · General meeting of 03-06-2024 · Gazette deed
1 manager resigning, 2 directors reappointed
Resignation: Filip Dewaele (statutory manager) · Reappointments: DEWAELE MANAGEMENT & INVESTMENT (director) and MARINEL INVEST (director) · Permanent representatives: Filip Dewaele and Marieke Dewaele · General meeting of 03-03-2022 · Gazette deed
Appointment: MARINEL BVBA (manager)
Permanent representative: Marieke DEWAELE · General meeting of 25-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELIMTEX Waregem | €29.4m | 3.7% | 5.8% | 1 |
| COTITEX Brussels | €13.8m | 8.6% | 53.9% | 2 |
| TWEEDS & COTTONS Bruges | - | - | 35.4% | 2 |
| WITRADE Ronse | €15.8m | 4.5% | 53.5% | 4.2 |
| GLOBAL SAFETY Puurs-Sint-Amands | €84.8m | 5.7% | 69.5% | 5.1 |
| UNY GROUP Mouscron | €21.0m | 7.9% | 16.3% | 5.6 |
| C & C Bruges | - | - | 99.2% | 0 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BELIMTEX: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €7.2m and €39m, founded between 1984 and 2013.
Official details
Source: KBO- Status
- Active since 01-12-2000Normal situation
- Activity
- Agents in the wholesale of textiles, clothing, fur, footwear and leather goodsNACE 46160
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.100.037.1328793 Waregem, since 23-01-2001
- Financial year end
- 30 September
- Peppol
- Reachable since 12-12-2025
Annual accounts to 30-09-2025
- €15.3m▲ 0.8%
- Employeeson 30-09-2025
- 1=
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Companies linked to BELIMTEX
Parent and group
Insights on BELIMTEX
BELIMTEX has existed since 2000. Turnover grew from €18.1m in 2010 to €29.4m in 2025 and staff from 0.5 to 1 full-time equivalents.
MARINEL INVEST holds 99.12% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELIMTEX
- What is the company number of BELIMTEX?
- The company number of BELIMTEX is 0473.397.909. The VAT number is the same number with BE in front: BE 0473.397.909.
- Where is BELIMTEX based?
- The registered office is at Posterijstraat 23, 8793 Waregem.Company details
- What does BELIMTEX do?
- According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
- What is the legal form of BELIMTEX?
- BELIMTEX is a private limited company (BV).
- When was BELIMTEX founded?
- BELIMTEX was founded on 01-12-2000.
- Is BELIMTEX still active?
- Yes, BELIMTEX is an active enterprise in the KBO register.
- How many employees does BELIMTEX have?
- BELIMTEX had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELIMTEX fall under?
- In its 30-09-2025 annual accounts, BELIMTEX states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of BELIMTEX?
- The turnover of BELIMTEX was €29.4m in financial year 2025, according to the filed annual accounts.
- Is BELIMTEX profitable?
- In financial year 2025, BELIMTEX made a profit of €176,491.
- Where can I find the annual accounts of BELIMTEX?
- BELIMTEX filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELIMTEX due?
- BELIMTEX must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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