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CONCORDIA TEXTILES

Active
Public limited companyfounded 1997active for 29 yearsFlanders-Fieldweg 37, 8790 Waregem, BelgiumKBO/BCE: BE 0460.935.981
Summary

CONCORDIA TEXTILES has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.0m and a net result of €174,516. Equity is growing by about 6.2% per year across the filed financial years. Its solvency ranks better than 47% of 191 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of textiles
NACE 13200
4th largest employer in Waregem, Manufacturing sector3 sites
Size
€54.7mturnover 2025
Staff
221 FTE
Equity
€19.0m
Profit
€174,516
Standalone figures, without subsidiaries
Financial health
89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Largest shareholder
HILL · 28.68%
Board
5 members
Holdings
6
  • DECITEXChair · permanent representative Emmanuel Tuytens
Auditor: CALLENS VANDELANOTTEAccounts 8 days early1 of 14 deeds read
Why 89raises riskLiquidity: current ratio 1.53, cash €419,412lowers riskEquity €19.0m (51.9% of total assets)Founded in 1997Legal form: public limited companyShow the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 37% of its sector peers (NACE 13, medium-sized)
Financial strength · tick = 2024
Average
Solvency 77-2
equity 51.9% of total assets
Liquidity 33-1
short-term debt 39.6% · cash 1.1%
Profitability 58=
return on assets 0.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (55 companies, NACE 13, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €1,650,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.53, compared with 1.7 in 2024; short-term debt: 39.6% and cash: 1.1% of total assets), and 48.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 13, medium-sized): better than 42% on solvency, 22% on liquidity, 44% on profitability and 42% on growth.

The bankruptcy probability was computed on 11-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.53, cash €419,412
NBB · annual accounts
lowers risk · Equity €19.0m (51.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Legal form: public limited company
KBO
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 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
8 days early
2024
3 days early
2023
26 days late
2022
20 days early
2021
3 days early
2020
145 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 23 days after the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointments: CALLENS VANDELANOTTE, HILL and 4…Permanent representatives: Francis Rysman, Patric…
  3. Annual accounts filedfinancial year 2024 · consolidated

Key points

  • Positive: Among the best 14% on equitysector median €2.4m · 191 companies €19.0m View
  • Positive: 8 profitable years in a rowprofit 2025: €174,516 8 years View
  • Caution: Result fell in 2025from €265,139 to €174,516 ▼ 34.2% View
  • Heads a groupcompanies controlled 6 View
  • Flemish supportawarded from 2022 to 2025 €150,849 View

By topic

Financials

Financial year
2025
Turnover
€54.7m
Profit
€174,516
Solvency
51.9%
Turnover▼ 5.2%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Largest shareholder
HILL · 28.68%
Auditor
CALLENS VANDELANOTTE
  • DECITEXChair
  • HILLDirector
  • MIDELCODirector
  • SHOPINVESTDirector
  • WIKINGERManaging director
Go to Board & ownership

Timeline

Events
42
Since
1998
Next accounts
by 31-07-2027
  1. 28-07-2025Annual accounts filed
  2. 23-12-2024Annual accounts filed
  3. 26-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13200
Founded
25-06-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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