COTEX
ActiveSummary
COTEX has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226k and a net result of €22k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+13
Solvency98▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 3.2 in 2024; short-term debt: 27.4% and cash: 21.8% of total assets), and 27.4% of the assets are financed with debt.
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Signals
Four 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
72.6%
Return on assets
6.9%
Age of the figures
15 mo
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
19 d early
2022
21 d early
2021
18 d early
2020
53 d early
2019
43 d early
← before the deadline
after the deadline →
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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€226k▲ 10.6%
2024 · €205k
Total assets
€312k▲ 10.3%
2024 · €283k
Net result
€22k▲ 76.1%
2024 · €12k
Working capital
€181k▲ 5.9%
2024 · €171k
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€32k▲ 23.4%€28k▼ 12.8%€29k▲ 3.8%€23k▼ 19.5%€38k▲ 63.6%
Net result€19k▲ 20.0%€16k▼ 19.6%€17k▲ 6.4%€12k▼ 26.4%€22k▲ 76.1%
Equity€173k▲ 12.7%€188k▲ 9.1%€205k▲ 8.8%€205k▼ 0.1%€226k▲ 10.6%
Total assets€284k▲ 2.3%€289k▲ 1.8%€293k▲ 1.5%€283k▼ 3.7%€312k▲ 10.3%
Debt€111k▼ 10.6%€101k▼ 9.4%€88k▼ 12.2%€78k▼ 11.8%€85k▲ 9.6%
Working capital€122k▲ 27.0%€144k▲ 18.1%€167k▲ 16.0%€171k▲ 2.4%€181k▲ 5.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312k
Fixed assets
€45k ▲ 34.4%
Current assets
€267k ▲ 7.0%
Equity and liabilities €312k
Equity
€226k ▲ 10.6%
Debt
€85k ▲ 9.6%
Debt's share of the balance-sheet total falls from 27.6% to 27.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €28k
Cash flow
€25k▲
2024 · €17k
Current ratio
3.12▼
2024 · 3.20
Quick ratio
2.18▲
2024 · 1.90
Debt to equity
0.38▼
2024 · 0.38
ROE
9.5%▲
2024 · 6.0%
ROA
6.9%▲
2024 · 4.3%
Interest coverage
6.76▲
2024 · 4.76
Debt ≤ 1 year
€85k▲
2024 · €78k
Income taxes
€11k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €4k | €3k | ▼ 21.3% |
| Other operating charges640/8 | - | €4k | €2k | €2k | €4k | ▲ 67.2% |
| Gross operating margin9900 | €40k | €38k | €37k | €30k | €45k | ▲ 51.3% |
| Operating profit (loss)9901 | €32k | €28k | €29k | €23k | €38k | ▲ 63.6% |
| Financial income75/76B | - | €1 | €136 | €80 | €707 | ▲ 786% |
| Recurring financial income75 | €3 | €1 | €136 | €80 | €707 | ▲ 786% |
| Financial charges65/66B | - | €5k | €5k | €6k | €6k | ▲ 5.6% |
| Recurring financial charges65 | €5k | €5k | €5k | €6k | €6k | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €26k | €22k | €24k | €17k | €32k | ▲ 86.2% |
| Income taxes67/77 | €7k | €7k | €7k | €5k | €11k | ▲ 110% |
| Profit (loss) for the period9904 | €19k | €16k | €17k | €12k | €22k | ▲ 76.1% |
| Profit (loss) for the period to be appropriated9905 | €19k | €16k | €17k | €12k | €22k | ▲ 76.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €284k | €289k | €293k | €283k | €312k | ▲ 10.3% |
| Fixed assets21/28 | €51k | €44k | €38k | €34k | €45k | ▲ 34.4% |
| Tangible fixed assets22/27 | €51k | €44k | €38k | €34k | €45k | ▲ 34.5% |
| Land and buildings22 | - | €38k | €36k | €34k | €31k | ▼ 6.4% |
| Furniture and vehicles24 | - | €7k | €2k | €0 | €14k | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €233k | €245k | €255k | €249k | €267k | ▲ 7.0% |
| Stocks and contracts in progress3 | €144k | €143k | €142k | €101k | €81k | ▼ 19.8% |
| Stocks30/36 | - | €143k | €142k | €101k | €81k | ▼ 19.8% |
| Amounts receivable within one year40/41 | €2k | €302 | €376 | €1k | €313 | ▼ 70.6% |
| Other amounts receivable41 | - | €302 | €376 | €1k | €313 | ▼ 70.6% |
| Current investments50/53 | - | - | - | - | €115k | - |
| Cash at bank and in hand54/58 | €85k | €99k | €110k | €145k | €68k | ▼ 53.1% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €3k | €3k | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €284k | €289k | €293k | €283k | €312k | ▲ 10.3% |
| Equity10/15 | €173k | €188k | €205k | €205k | €226k | ▲ 10.6% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Reserves13 | €133k | €148k | €165k | €165k | €186k | ▲ 13.1% |
| Distributable reserves133 | - | €148k | €165k | €165k | €186k | ▲ 13.1% |
| Profit (loss) carried forward14 | €93 | €93 | €94 | €94 | €95 | ▲ 0.6% |
| Amounts payable17/49 | €111k | €101k | €88k | €78k | €85k | ▲ 9.6% |
| Amounts payable within one year42/48 | €111k | €101k | €88k | €78k | €85k | ▲ 9.6% |
| Financial debts43 | - | €50 | €97 | €80 | €50 | ▼ 37.3% |
| Credit institutions430/8 | - | €50 | €0 | - | - | - |
| Other loans439 | - | - | €97 | €80 | €50 | ▼ 37.3% |
| Trade debts44 | €4k | €4k | €6k | €4k | €7k | ▲ 74.8% |
| Suppliers440/4 | - | €4k | €6k | €4k | €7k | ▲ 74.8% |
| Taxes, remuneration and social security45 | - | €5k | €7k | €3k | €8k | ▲ 178% |
| Taxes450/3 | - | €5k | €7k | €3k | €8k | ▲ 178% |
| Other amounts payable47/48 | - | €91k | €75k | €71k | €70k | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €16k | €17k | €12k | €22k | ▲ 76.1% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €4k | €3k | ▼ 21.3% |
| Operating cash flow (approximation) | €26k | €22k | €23k | €17k | €25k | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-15k | - |
| Change in cash | - | €14k | €11k | €35k | €-77k | ▼ 321% |
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
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €22k ▲76.1%
Operating result €38k, net result €22k, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €12k ▼26.4%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200kEq €205k ▲8.8%
5 profitable years in a row build equity to €205k.
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €150kEq €153k ▲11.9%
2 profitable years in a row build equity to €153k.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 1984
Ground area
1,379 m²
Building footprint
256 m²
Volume, LiDAR
1,425 m³
Parcel 44002B0040/00B003, Flanders · tallest building 14.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Piereputstraat 6, 9031 Gent
since 19842.023.737.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0040/00B003 | Flanders | 1,379 m² | 1 · 255 m² | 14.0 m · 2 fl. |
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 6,498 companies in sector 47716 we hold annual accounts for 2,439. 1,740 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
Founded29-12-1983
Fiscal year end30-06
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.