CEETEX
ActiveSummary
CEETEX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €355,183. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 16.79 against 1.54 in 2024; short-term debt: 4.8% and cash: 77.7% of total assets), and 4.8% of the assets are financed with debt.
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Signals
Five 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 · 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
95.2%
Return on assets
32.3%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 22-08-2025, 162 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
162 d early
2024
36 d early
2023
27 d early
2022
11 d early
2021
10 d early
2020
2 d early
2019
29 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 40 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€355,183▼ 14.8%
2024 · €416,762
Working capital
€833,868▲ 155%
2024 · €327,533
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€217,828▲ 43.8%€349,012▲ 60.2%€248,854▼ 28.7%€554,305▲ 123%€443,057▼ 20.1%
Net result€151,499▲ 38.6%€240,982▲ 59.1%€183,993▼ 23.6%€416,762▲ 127%€355,183▼ 14.8%
Equity€388,523▲ 63.9%€629,505▲ 62.0%€747,798▲ 18.8%€693,060▼ 7.3%€1.0m▲ 51.2%
Total assets€739,221▲ 16.8%€808,630▲ 9.4%€902,310▲ 11.6%€1.3m▲ 44.3%€1.1m▼ 15.4%
Debt€350,698▼ 11.4%€179,125▼ 48.9%€154,512▼ 13.7%€608,998▲ 294%€52,812▼ 91.3%
Working capital€11,361€255,452▲ 2,148%€189,637▼ 25.8%€327,533▲ 72.7%€833,868▲ 155%
Staff (FTE)2=2=3▲ 50.0%3=3=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€214,374 ▼ 41.4%
Current assets
€886,680 ▼ 5.3%
Equity and liabilities €1.1m
Equity
€1.0m ▲ 51.2%
Debt
€52,812 ▼ 91.3%
Debt's share of the balance-sheet total falls from 46.8% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€574,888▼
2024 · €700,569
Cash flow
€487,014▼
2024 · €563,026
Current ratio
16.79▲
2024 · 1.54
Debt to equity
0.05▼
2024 · 0.88
ROE
33.9%▼
2024 · 60.1%
ROA
32.3%▲
2024 · 32.0%
Interest coverage
838.49▲
2024 · 526.92
Debt ≤ 1 year
€52,812▼
2024 · €608,998
Income taxes
€112,009▼
2024 · €141,963
Staff costs
€109,964▼
2024 · €114,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 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
3.9%
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 497,058 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% | 1.6% |
| 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 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 34,672 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €17,660 | - |
| Remuneration, social security and pensions62 | - | €73,788 | €89,486 | €114,118 | €109,964 | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105,167 | €121,669 | €142,075 | €146,264 | €131,831 | ▼ 9.9% |
| Other operating charges640/8 | - | €21,027 | €1,730 | €26,630 | €1,390 | ▼ 94.8% |
| Non-recurring operating charges66A | - | - | - | €249 | €2,598 | ▲ 943% |
| Gross operating margin9900 | €400,118 | €565,496 | €482,144 | €841,566 | €688,839 | ▼ 18.1% |
| Operating profit (loss)9901 | €217,828 | €349,012 | €248,854 | €554,305 | €443,057 | ▼ 20.1% |
| Financial income75/76B | - | - | €54 | €5,749 | €24,820 | ▲ 332% |
| Recurring financial income75 | €204 | - | €54 | €5,749 | €24,820 | ▲ 332% |
| Financial charges65/66B | - | €2,813 | €1,624 | €1,330 | €686 | ▼ 48.4% |
| Recurring financial charges65 | €3,937 | €2,813 | €1,624 | €1,330 | €686 | ▼ 48.4% |
| Profit (loss) for the period before taxes9903 | €214,095 | €346,199 | €247,283 | €558,725 | €467,192 | ▼ 16.4% |
| Income taxes67/77 | €62,596 | €105,218 | €63,290 | €141,963 | €112,009 | ▼ 21.1% |
| Profit (loss) for the period9904 | €151,499 | €240,982 | €183,993 | €416,762 | €355,183 | ▼ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €151,499 | €240,982 | €183,993 | €416,762 | €355,183 | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €739,221 | €808,630 | €902,310 | €1.3m | €1.1m | ▼ 15.4% |
| Fixed assets21/28 | €466,677 | €413,103 | €570,179 | €365,527 | €214,374 | ▼ 41.4% |
| Tangible fixed assets22/27 | €466,527 | €412,953 | €570,029 | €365,377 | €214,224 | ▼ 41.4% |
| Plant, machinery and equipment23 | - | €348,140 | €477,777 | €293,243 | €176,608 | ▼ 39.8% |
| Furniture and vehicles24 | - | €1,734 | €31,327 | €22,863 | - | - |
| Other tangible fixed assets26 | - | €63,079 | €60,925 | €49,271 | €37,616 | ▼ 23.7% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €272,544 | €395,528 | €332,131 | €936,531 | €886,680 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €53,892 | €61,113 | €54,907 | €35,085 | €26,604 | ▼ 24.2% |
| Trade receivables40 | - | €61,113 | €54,907 | €35,085 | €26,604 | ▼ 24.2% |
| Current investments50/53 | - | - | €80,000 | €500,000 | - | - |
| Cash at bank and in hand54/58 | €216,978 | €328,805 | €194,893 | €391,407 | €855,608 | ▲ 119% |
| Deferred charges and accrued income490/1 | - | €5,610 | €2,331 | €10,040 | €4,468 | ▼ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €739,221 | €808,630 | €902,310 | €1.3m | €1.1m | ▼ 15.4% |
| Equity10/15 | €388,523 | €629,505 | €747,798 | €693,060 | €1.0m | ▲ 51.2% |
| Contributions10/11 | - | €7,700 | €9,560 | €7,700 | €7,700 | = |
| Reserves13 | €379,960 | €620,860 | €737,200 | €685,200 | €1.0m | ▲ 51.8% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €619,000 | €737,200 | €685,200 | €1.0m | ▲ 51.8% |
| Profit (loss) carried forward14 | €863 | €945 | €1,038 | €160 | €343 | ▲ 114% |
| Amounts payable17/49 | €350,698 | €179,125 | €154,512 | €608,998 | €52,812 | ▼ 91.3% |
| Amounts payable after more than one year17 | €89,515 | €39,050 | €12,019 | - | - | - |
| Financial debts170/4 | - | €39,050 | €12,019 | - | - | - |
| Amounts payable within one year42/48 | €261,183 | €140,076 | €142,494 | €608,998 | €52,812 | ▼ 91.3% |
| Current portion of amounts payable after more than one year42 | - | €50,465 | €27,031 | €12,019 | - | - |
| Trade debts44 | €140,918 | €3,635 | €13,540 | €7,266 | €2,596 | ▼ 64.3% |
| Suppliers440/4 | - | €3,635 | €13,540 | €7,266 | €2,596 | ▼ 64.3% |
| Taxes, remuneration and social security45 | - | €68,005 | €32,261 | €111,295 | €46,423 | ▼ 58.3% |
| Taxes450/3 | - | €66,264 | €30,014 | €108,200 | €42,627 | ▼ 60.6% |
| Remuneration and social security454/9 | - | €1,741 | €2,247 | €3,095 | €3,795 | ▲ 22.6% |
| Other amounts payable47/48 | - | €17,970 | €69,662 | €478,419 | €3,793 | ▼ 99.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,499 | €240,982 | €183,993 | €416,762 | €355,183 | ▼ 14.8% |
| + Depreciation and write-downs630 | €105,167 | €121,669 | €142,075 | €146,264 | €131,831 | ▼ 9.9% |
| Operating cash flow (approximation) | €256,666 | €362,650 | €326,068 | €563,026 | €487,014 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€68,094 | -€299,151 | €58,388 | €19,321 | ▼ 66.9% |
| Change in cash | - | €111,827 | -€133,911 | €196,514 | €464,201 | ▲ 136% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Liquidity times 11current ratio 16.79
Current ratio from 1.54 to 16.79; short-term debt falls from €608,998 to €52,812.
30-06
Financial
Equity above €1mEq €1.0m ▲51.2%
7 profitable years in a row build equity to €1.0m.
2024
26-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Highest result since 2019net €416,762 ▲127%
Operating result €554,305, net result €416,762, both a record.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 2.82
Current ratio from 1.04 to 2.82; short-term debt falls from €261,183 to €140,076.
30-06
Financial
Equity above €500,000Eq €629,505 ▲62%
4 profitable years in a row build equity to €629,505.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200,000Eq €237,024 ▲85.6%
2 profitable years in a row build equity to €237,024.
Show earlier events
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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 2 acts read
About the unread acts
We know of 2 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
2 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, Pecq · 1 establishment unit since 2009
Ground area
2,211 m²
Building footprint
272 m²
Parcel 57037D0337/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CEETEX
since 20092.177.160.446
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57037D0337/00B000 | Wallonia | 2,211 m² | 1 · 272 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.
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Of 226 companies in sector 13921 we hold annual accounts for 67. 40 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2009
Fiscal year end30-06
Activities, NACEBEL 2025
13921Manufacture of textiles
14291Manufacture of wearing apparel
13929Manufacture of textiles
13960Manufacture of textiles
13990Manufacture of textiles
14299Manufacture of wearing apparel
46411Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810760048
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.