COTITEX
ActiveSummary
COTITEX has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.0m and a net result of €783,497. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 60% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-4
Solvency79=
Growth49▼-18
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.17 in 2024; short-term debt: 46.1% and cash: 3.3% of total assets), and 46.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
53.9%
Return on assets
8.4%
Age of the figures
9 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
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
42 d early
2023
49 d early
2022
45 d early
2021
32 d early
2020
23 d early
2019
53 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 43 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€13.8m▼ 6.3%
2024 · €14.7m
EBIT margin
8.6%▼ 1.3pp
2024 · 9.9%
Net result
€783,497▼ 18.2%
2024 · €957,364
Working capital
€5.0m▼ 1.0%
2024 · €5.1m
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
Turnover€17.0m▲ 90.1%€19.7m▲ 16.0%€12.2m▼ 38.0%€14.7m▲ 20.6%€13.8m▼ 6.3%
Operating result€2.6m▲ 2,271%€1.3m▼ 48.2%€1.4m▲ 6.7%€1.5m▲ 1.5%€1.2m▼ 18.6%
Net result€2.0m▲ 2,570%€875,592▼ 55.2%€1.0m▲ 17.6%€957,364▼ 7.0%€783,497▼ 18.2%
EBIT margin15.2%▲ 14.0pp6.8%▼ 8.4pp11.7%▲ 4.9pp9.9%▼ 1.9pp8.6%▼ 1.3pp
Equity€4.8m▲ 50.3%€4.6m▼ 2.7%€4.9m▲ 4.8%€5.0m▲ 3.1%€5.0m▼ 0.3%
Total assets€13.3m▲ 107%€11.2m▼ 15.6%€10.1m▼ 10.6%€9.4m▼ 6.8%€9.3m▼ 0.9%
Debt€8.5m▲ 161%€6.6m▼ 22.8%€5.2m▼ 21.4%€4.4m▼ 16.0%€4.3m▼ 1.7%
Working capital€4.8m▲ 49.8%€4.7m▼ 2.3%€4.9m▲ 4.4%€5.1m▲ 3.5%€5.0m▼ 1.0%
Staff (FTE)2▼ 16.7%2=2=2=2=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.3m
Fixed assets
€166 =
Current assets
€9.3m ▼ 0.9%
Equity and liabilities €9.3m
Equity
€5.0m ▼ 0.3%
Debt
€4.3m ▼ 1.7%
Debt's share of the balance-sheet total falls from 46.5% to 46.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.17▼
2024 · 2.17
Quick ratio
1.15▼
2024 · 1.29
Debt to equity
0.86▼
2024 · 0.87
ROE
15.7%▼
2024 · 19.1%
ROA
8.4%▼
2024 · 10.2%
Debt ≤ 1 year
€4.3m▼
2024 · €4.3m
Income taxes
€259,654▼
2024 · €323,047
Staff costs
€223,196▼
2024 · €225,603
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.5% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.0m | €19.7m | €12.2m | €14.7m | €13.9m | ▼ 5.7% |
| Turnover70 | €17.0m | €19.7m | €12.2m | €14.7m | €13.8m | ▼ 6.3% |
| Other operating income74 | €39,917 | €20,454 | €270 | €1,396 | €97,653 | ▲ 6,894% |
| Operating charges60/66A | €14.4m | €18.4m | €10.8m | €13.3m | €12.7m | ▼ 4.2% |
| Goods for resale, raw materials and consumables60 | €13.6m | €17.5m | €10.0m | €12.5m | €11.9m | ▼ 5.0% |
| Purchases600/8 | €18.1m | €15.4m | €7.7m | €12.4m | €12.4m | ▼ 0.1% |
| Change in stocks: decrease (increase)609 | -€4.5m | €2.1m | €2.3m | €70,720 | -€541,491 | ▼ 866% |
| Services and other goods61 | €591,837 | €693,048 | €532,229 | €549,775 | €609,289 | ▲ 10.8% |
| Remuneration, social security and pensions62 | €205,969 | €209,139 | €203,286 | €225,603 | €223,196 | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€5,968 | -€18,138 | - | - | - | - |
| Other operating charges640/8 | €22 | - | €1,608 | €941 | €296 | ▼ 68.5% |
| Non-recurring operating charges66A | - | €49 | - | - | - | - |
| Operating profit (loss)9901 | €2.6m | €1.3m | €1.4m | €1.5m | €1.2m | ▼ 18.6% |
| Financial income75/76B | €196,608 | €644,550 | €267,348 | €178,782 | €291,389 | ▲ 63.0% |
| Recurring financial income75 | €196,608 | €644,550 | €267,348 | €178,782 | €291,389 | ▲ 63.0% |
| Income from current assets751 | - | - | €15,264 | €29,233 | €9,226 | ▼ 68.4% |
| Other financial income752/9 | €196,608 | €644,550 | €252,084 | €149,548 | €282,162 | ▲ 88.7% |
| Financial charges65/66B | €211,030 | €814,530 | €318,102 | €348,819 | €428,735 | ▲ 22.9% |
| Recurring financial charges65 | €211,030 | €814,530 | €318,102 | €348,819 | €428,735 | ▲ 22.9% |
| Debt charges650 | €21,552 | €118,896 | €111,605 | €99,721 | €36,122 | ▼ 63.8% |
| Other financial charges652/9 | €189,479 | €695,634 | €206,498 | €249,098 | €392,612 | ▲ 57.6% |
| Profit (loss) for the period before taxes9903 | €2.6m | €1.2m | €1.4m | €1.3m | €1.0m | ▼ 18.5% |
| Income taxes67/77 | €617,640 | €293,841 | €349,221 | €323,047 | €259,654 | ▼ 19.6% |
| Taxes670/3 | €622,785 | €293,841 | €349,352 | €323,485 | €261,981 | ▼ 19.0% |
| Tax adjustments and reversals of tax provisions77 | €5,146 | - | €131 | €438 | €2,327 | ▲ 432% |
| Profit (loss) for the period9904 | €2.0m | €875,592 | €1.0m | €957,364 | €783,497 | ▼ 18.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €281,240 | €732,540 | ▲ 160% |
| Transfer to tax-exempt reserves689 | €732,540 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €875,592 | €1.0m | €1.2m | €1.5m | ▲ 22.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.3m | €11.2m | €10.1m | €9.4m | €9.3m | ▼ 0.9% |
| Fixed assets21/28 | €166 | €166 | €166 | €166 | €166 | = |
| Financial fixed assets28 | €166 | €166 | €166 | €166 | €166 | = |
| Other financial fixed assets284/8 | €166 | €166 | €166 | €166 | €166 | = |
| Amounts receivable and cash guarantees285/8 | €166 | €166 | €166 | €166 | €166 | = |
| Current assets29/58 | €13.3m | €11.2m | €10.1m | €9.4m | €9.3m | ▼ 0.9% |
| Stocks and contracts in progress3 | €8.3m | €6.2m | €3.9m | €3.8m | €4.3m | ▲ 14.2% |
| Stocks30/36 | €8.3m | €6.2m | €3.9m | €3.8m | €4.3m | ▲ 14.2% |
| Goods purchased for resale34 | €8.3m | €6.2m | €3.9m | €3.8m | €4.3m | ▲ 14.2% |
| Amounts receivable within one year40/41 | €4.6m | €4.3m | €4.3m | €3.3m | €4.6m | ▲ 41.4% |
| Trade receivables40 | €4.5m | €4.0m | €4.3m | €3.2m | €4.4m | ▲ 39.9% |
| Other amounts receivable41 | €94,548 | €284,907 | €80,295 | €103,349 | €193,266 | ▲ 87.0% |
| Current investments50/53 | - | - | €1.5m | €1.4m | - | - |
| Other investments51/53 | - | - | €1.5m | €1.4m | - | - |
| Cash at bank and in hand54/58 | €509,437 | €772,225 | €337,983 | €887,922 | €301,866 | ▼ 66.0% |
| Deferred charges and accrued income490/1 | €83 | - | €3,030 | €1,353 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.3m | €11.2m | €10.1m | €9.4m | €9.3m | ▼ 0.9% |
| Equity10/15 | €4.8m | €4.6m | €4.9m | €5.0m | €5.0m | ▼ 0.3% |
| Contributions10/11 | €340,040 | €340,040 | €340,040 | €340,040 | €340,040 | = |
| Capital10 | €340,040 | €340,040 | €340,040 | €340,040 | €340,040 | = |
| Issued capital100 | €340,040 | €340,040 | €340,040 | €340,040 | €340,040 | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | €34,004 | €34,004 | €34,004 | €34,004 | €34,004 | = |
| Legal reserve130 | €34,004 | €34,004 | €34,004 | €34,004 | €34,004 | = |
| Tax-exempt reserves132 | €1.0m | €1.0m | €1.0m | €745,986 | €13,446 | ▼ 98.2% |
| Distributable reserves133 | - | - | - | €281,240 | €1.0m | ▲ 260% |
| Profit (loss) carried forward14 | €3.4m | €3.2m | €3.5m | €3.6m | €3.6m | ▼ 0.5% |
| Amounts payable17/49 | €8.5m | €6.6m | €5.2m | €4.4m | €4.3m | ▼ 1.7% |
| Amounts payable within one year42/48 | €8.5m | €6.6m | €5.2m | €4.3m | €4.3m | ▼ 0.9% |
| Financial debts43 | €4.9m | €3.6m | €2.0m | €1.2m | €1.8m | ▲ 53.9% |
| Credit institutions430/8 | €3.0m | €3.6m | €2.0m | €1.2m | €1.8m | ▲ 53.9% |
| Other loans439 | €1.9m | - | - | - | - | - |
| Trade debts44 | €3.0m | €1.9m | €2.3m | €2.3m | €1.6m | ▼ 28.6% |
| Suppliers440/4 | €3.0m | €1.9m | €2.3m | €2.3m | €1.6m | ▼ 28.6% |
| Taxes, remuneration and social security45 | €107,929 | €100,483 | €129,226 | €60,133 | €37,621 | ▼ 37.4% |
| Taxes450/3 | €80,686 | €78,854 | €103,792 | €34,278 | €11,909 | ▼ 65.3% |
| Remuneration and social security454/9 | €27,244 | €21,629 | €25,434 | €25,855 | €25,711 | ▼ 0.6% |
| Other amounts payable47/48 | €529,671 | €1.0m | €805,974 | €808,869 | €800,000 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | €16,903 | €36,832 | €18,146 | €40,371 | €5,520 | ▼ 86.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €875,592 | €1.0m | €957,364 | €783,497 | ▼ 18.2% |
| Operating cash flow (approximation) | €2.0m | €875,592 | €1.0m | €957,364 | €783,497 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €262,788 | -€434,242 | €549,939 | -€586,056 | ▼ 207% |
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
07-09
State Gazette act
Reappointment: SRL Michel Weber, Réviseur d'Entreprise (statutory auditor)2 facts ▸
State Gazette act
Reappointment: SRL Michel Weber, Réviseur d'Entreprise (statutory auditor)
2 facts ▸
- General meeting, 21-05-2026
- Auditor reappointment, SRL Michel Weber, Réviseur d'Entreprise (statutory auditor)
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5mEq €5.0m ▲3.1%
7 profitable years in a row build equity to €5.0m.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €2.0m ▲2,570%
Operating result €2.6m, net result €2.0m, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €73,110 ▼82.6%
Net result drops to €73,110, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
SRL Michel Weber, Réviseur d'Entreprise
CurrentStatutory auditor · since 07-09-2026 · perm. rep.: Michel Weber
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2002
Ground area
1,410 m²
Building footprint
1,363 m²
Volume, LiDAR
17,329 m³
Parcel 21807G0129/00W003, Brussels · tallest building 32.1 m, ±1 floor. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
Louizalaan 221, 1050 Brussel
since 20022.094.628.292
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0129/00W003 | Brussels | 1,410 m² | 1 · 1,363 m² | 32.1 m · 1 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| SRL Michel Weber, Réviseur d'Entreprise |
|
Structure & network
Owners and holdings
2 ownersChain of control
Highest known parent: K FINANCE COORDINATION & SERVICES. The sources do not say who stands above it.
Owners 2
-
75%
- Sourceaccounts DERVARO 202525%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493000T4UPSX64S5042
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Of 1,277 companies in sector 46160 we hold annual accounts for 687. 115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473839456
Also
9925:BE0473839456
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.