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Cositex

Active
Public limited companyfounded 196957 yrs activeVichtestraat(O) 31/A, 8553 Zwevegem, BelgiumKBO/BCE: BE 0406.440.193
Summary

Cositex has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €626,188 and a net result of €62,958. Equity is shrinking by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisWatch ReportCompare
CositexActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of textiles
NACE 13200Manufacture of textiles NACE 13929NACE 17402
#4 oldest company in Zwevegem, Manufacturing sector2 sites
Size
€3.0mtotal assets 2025
Staff
31.7 FTE
Equity
€626,188
Profit
€62,958
Financial health
65 Healthy Checked score 2025
Bankruptcy chance 12 m
1.1%
Structure
Parent
EURESEARCH · 76.8%
Accounts 49 d early0 of 6 deeds read
Why 65- Liquidity: current ratio 1.14, cash €19,944, halved- Equity €626,188 (20.6% of total assets)- 1 of the last 3 late- Size: 31.7 FTE, total assets €3.0mShow the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 36% of its sector peers (NACE 13, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 46+1
equity 20.6% of total assets
Liquidity 16-11
short-term debt 65.0% · cash 0.7%
Profitability 55+55
return on assets 2.1%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (110 companies)
Last 24 months 11-2024: 1.3% 12-2024: 3.3%▲ +157% vs 11-2024 01-2025: 3.3%▼ -0.5% vs 12-2024 02-2025: 3.3%● 0.0% vs 01-2025 03-2025: 3.3%▼ -0.1% vs 02-2025 04-2025: 3.3%▲ +1.2% vs 03-2025highest value 05-2025: 3.2%▼ -4.5% vs 04-2025 06-2025: 3.2%▼ -0.5% vs 05-2025 07-2025: 3.3%▲ +5.0% vs 06-2025 08-2025: 2.1%▼ -36.3% vs 07-2025 09-2025: 2.1%● 0.0% vs 08-2025 10-2025: 2.1%● 0.0% vs 09-2025 11-2025: 2.1%● 0.0% vs 10-2025 12-2025: 2.1%● 0.0% vs 11-2025 01-2026: 2.1%▼ -0.6% vs 12-2025 02-2026: 2.1%● 0.0% vs 01-2026 03-2026: 2.1%▼ -0.5% vs 02-2026 04-2026: 2.1%▲ +1.3% vs 03-2026 05-2026: 2.1%▲ +0.6% vs 04-2026 06-2026: 2.1%▲ +0.9% vs 05-2026 07-2026: 1.1%▼ -48.1% vs 06-2026lowest value 08-2026: 1.1%● 0.0% vs 07-2026lowest value 09-2026: 1.1%● 0.0% vs 08-2026lowest value 10-2026: 1.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 1.14, cash €19,944, halved raises the probability
  • Equity €626,188 (20.6% of total assets) raises the probability
  • 1 of the last 3 late raises the probability
  • Size: 31.7 FTE, total assets €3.0m raises the probability for this profile
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.61 in 2024; short-term debt: 65% and cash: 0.7% of total assets), and 79.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 13, small). Better than this share of them on solvency 18%, liquidity 6%, profitability 43%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 1.14, cash €19,944, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €626,188 (20.6% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Size: 31.7 FTE, total assets €3.0m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 197 sector peers (2025).
NBB · sector comparison
Position among 197 sector peers
Solvency
better than 23%
← weakest strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 d early
2024
14 d early
2023
97 d late
2022
14 d early
2021
31 d late
2020
2 d early
2019
109 d late
← 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 23 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €62,958
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Back in profit in 2025after -€515,346 in 2024 €62,958 View
  • Positive: Oldest company in Zwevegem, Manufacturing sectorin the Checked rankings #4 View
  • Controlled by EURESEARCH 76.8% View
  • Active since 1969founded 01-01-1969 57 years View

By topic

Financials

Fiscal year
2025
Total assets
€3.0m
Profit
€62,958
Solvency
20.6%
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 12-06-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 17-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13200
Founded
01-01-1969
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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