Beltex
ActiveBeltex has been active since 1949 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €-6k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-35
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 39.45), and 23.6% of the assets are financed with debt.
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
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
76.4%
Return on assets
-41.4%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
23 d early
2022
4 d late
2021
18 d late
2020
40 d late
2019
47 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€18k
EBIT margin
-15.3%
Net result
€-6k
2024 · €1k
2018: €2k
2019: €-3k
2020: €-1k
2021: €-3k
2022: €-241
2023: €606
2024: €1k
2018 → 2025
Working capital
€13k▼ 23.3%
2024 · €17k
2018: €25k
2019: €22k
2020: €21k
2021: €9k
2022: €11k
2023: €13k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€15k▼ 1.6%€16k▲ 4.1%€17k▲ 7.4%€11k▼ 35.1%
Operating result€-3k-€-85▲ 97.1%€763€2k▲ 98.2%€-6k
Net result€-3k-€-241▲ 92.4%€606€1k▲ 90.3%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €2k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14k
Fixed assets
€1k▼ 64.3%
Current assets
€13k▼ 21.7%
Equity and liabilities €14k
Equity
€11k▼ 35.1%
Debt
€3k▲ 9.1%
The debt ratio rises from 15.5% to 23.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-4k▼
2024 · €3k
Cash flow
€-4k▼
2024 · €3k
Solvency
76.4%▼
2024 · 84.5%
Current ratio
39.45
Quick ratio
30.07
Debt / equity
0.31▲
2024 · 0.18
ROE
-54.2%▼
2024 · 6.9%
ROA
-41.4%▼
2024 · 5.9%
Interest coverage
-41.84▼
2024 · 46.88
Debt
€3k▲
2024 · €3k
Debt ≤ 1 year
€331▲
2024 · €78
Debt > 1 year
€3k▲
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20k€14k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€2k€302▼
Furniture and vehicles24€2k€302▼
Financial fixed assets28€790€790=
Current assets29/58€17k€13k▼
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€8k€2k▼
Deferred charges and accrued income490/1-€560
Equity and liabilities
Total equity and liabilities10/49€20k€14k▼
Equity10/15€17k€11k▼
Contributions10/11€65k€65k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-53k€-59k▼
Amounts payable17/49€3k€3k▲
Amounts payable after more than one year17€3k€3k▲
Other amounts payable178/9€3k€3k▲
Amounts payable within one year42/48€78€331▲
Trade debts44€78€331▲
Suppliers440/4€78€331▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-119-
Other operating charges640/8€2k€601▼
Gross operating margin9900€6k€-3k▼
Operating profit (loss)9901€2k€-6k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€74€91▲
Recurring financial charges65€74€91▲
Profit (loss) for the period before taxes9903€1k€-6k▼
Income taxes67/77€284-
Profit (loss) for the period9904€1k€-6k▼
Profit (loss) for the period to be appropriated9905€1k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-59k▼
Profit (loss) brought forward from the previous period14P€-54k€-53k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼608%
Net result drops to €-6k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Liquidity times 11current ratio 213.26
Current ratio from 20.11 to 213.26; short-term debt falls from €704 to €78.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €606
Net result €606 after 4 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 37.78
Current ratio from 17.78 to 37.78; short-term debt falls from €546 to €296.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 282.71
Current ratio from 74.53 to 282.71; short-term debt falls from €335 to €78.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
HERZ Gabriel
CurrentDirector · since 03-09-2025
SEHLI Yndi
CurrentDirector · since 03-09-2025
03-09-2025
HERZ Gabriel: Appointed as Director
03-09-2025
SEHLI Yndi: Appointed as Director
Location & real-estate footprint
Registered office, Kraainem · 1 establishment unit since 1949
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.
Steenweg op Mechelen 4551950 KraainemGround area
1.2 ha
Building footprint
1,122 m²
Volume, LiDAR
38,577 m³
2 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
Limnanderstraat 10, 1070 Anderlecht
since 19492.004.937.441
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21305B0204/00A034 | Brussels | 310 m² | 1 · 257 m² | 24.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
CHRIVERO
BE 0865.120.036
Zottegem · Eq €11k
LVR MENSWEAR AARTSELAAR
BE 0739.869.181
Aartselaar · Eq €11k
BlueTex
BE 0765.222.508
Geel · Eq €11k
BIBI MODA
BE 0721.493.720
Sint-Agatha-Berchem · Eq €11k
GALAXXIS
BE 0717.899.374
Antwerpen · Eq €11k
Of 1,300 companies in sector 46423 we hold annual accounts for 808. 338 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1949
Fiscal year end31-12
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
51421
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.