Ets. GLOTEX
ActiveSummary
Ets. GLOTEX has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-41k) and a net result of €-137k. Equity is shrinking by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency8▼-41
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 51.6 against 29.73 in 2024; short-term debt: 1.2% and cash: 59.9% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-17.5%
Return on assets
-58.1%
Age of the figures
15 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-41k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
9 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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-137k▼ 18.6%
2024 · €-115k
2019: €-100k
2020: €-95k
2021: €-109k
2022: €-104k
2023: €-229k
2024: €-115k
2019 → 2025
Working capital
€141k▼ 51.1%
2024 · €288k
2019: €923k
2020: €799k
2021: €702k
2022: €604k
2023: €389k
2024: €288k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€544k-€441k▼ 19.0%€211k▼ 52.0%€96k▼ 54.7%€-41k
Operating result€-109k-€-132k▼ 20.9%€-232k▼ 76.4%€-117k▲ 49.9%€-84k▲ 28.3%
Net result€-109k-€-104k▲ 5.4%€-229k▼ 121%€-115k▲ 49.6%€-137k▼ 18.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84k in 2025 against €117k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236k
Fixed assets
€92k ▼ 6.8%
Current assets
€143k ▼ 51.8%
Key figures and ratios
EBITDA
€-77k▲
2024 · €-100k
Cash flow
€-130k▼
2024 · €-99k
Solvency
-17.5%▼
2024 · 24.1%
Current ratio
51.60▲
2024 · 29.73
Debt to equity
-6.73▼
2024 · 2.97
ROA
-58.1%▼
2024 · -29.1%
Interest coverage
-821.79▲
2024 · -844.14
Debt
€277k▼
2024 · €285k
Debt ≤ 1 year
€3k▼
2024 · €10k
Debt > 1 year
€274k▼
2024 · €275k
Income taxes
€351▼
2024 · €363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€397k€236k▼
Fixed assets21/28€99k€92k▼
Tangible fixed assets22/27€99k€92k▼
Land and buildings22€97k€91k▼
Furniture and vehicles24€2k€943▼
Current assets29/58€298k€143k▼
Amounts receivable within one year40/41€73k€2k▼
Trade receivables40€69k-
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€224k€141k▼
Deferred charges and accrued income490/1€1k€724▼
Equity and liabilities
Total equity and liabilities10/49€397k€236k▼
Equity10/15€96k€-41k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€38k€6k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€32k-
Profit (loss) carried forward14€-4k€-109k▼
Provisions and deferred taxes16€16k-
Deferred taxes168€16k-
Amounts payable17/49€285k€277k▼
Amounts payable after more than one year17€275k€274k▼
Other amounts payable178/9€275k€274k▼
Amounts payable within one year42/48€10k€3k▼
Trade debts44€96-
Suppliers440/4€96-
Taxes, remuneration and social security45€10k€3k▼
Taxes450/3€6k€3k▼
Remuneration and social security454/9€4k-
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€7k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€-96k€-74k▲
Operating profit (loss)9901€-117k€-84k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€119€69k▲
Recurring financial charges65€119€94▼
Non-recurring financial charges66B-€69k
Profit (loss) for the period before taxes9903€-117k€-153k▼
Transfer from deferred taxes780€2k€16k▲
Income taxes67/77€363€351▼
Profit (loss) for the period9904€-115k€-137k▼
Transfer from tax-exempt reserves789€3k€32k▲
Profit (loss) for the period to be appropriated9905€-113k€-105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-109k€-109k▼
Profit (loss) brought forward from the previous period14P€3k€-4k▼
Transfer from equity791/2€105k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €-229k
Net result drops to €-229k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-01
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Sint-Agatha-Berchem · 2 establishment units since 1983
Ground area
2.0 ha
Building footprint
1,192 m²
Volume, LiDAR
15,651 m³
2 parcels, Brussels, Flanders · tallest building 22.1 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
ETS GLOTEX
since 19832.023.821.559
Ets. GLOTEX
since 20152.250.000.617
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23068B0218/00G000 | Flanders | 1.7 ha | 1 · 280 m² | - |
| 21342B0155/00P000 | Brussels | 2,615 m² | 1 · 911 m² | 22.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KADECO
BE 0684.689.049
Beringen · Eq €96k
LINEA VERDE
BE 0424.870.787
Elsene · Eq €94k
TEXTIMMO
BE 0875.447.863
Waterloo · Eq €98k
Profiles Mode
BE 0424.168.429
Sint-Jans-Molenbeek · Eq €99k
CARTEL EN ACTION
BE 0688.756.913
Durbuy · Eq €100k
Of 687 companies in sector 46412 we hold annual accounts for 517. 381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1983
Fiscal year end30-06
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.