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FITCO

Active
Public limited companyfounded 1999active for 27 yearsJohn Cordierlaan 10, 8400 Oostende, BelgiumKBO/BCE: BE 0466.606.028
Summary

FITCO has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €4,410. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 7% of 194 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
FITCOActiveChecked score 79/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of textiles
NACE 13200Manufacture of textiles NACE 13960
1 site
Size
€12.1mtotal assets 2025
Staff
25.8 FTE
Equity
€1.5m
Profit
€4,410
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
2025 accounts 37 days early1 of 4 deeds summarised
Why 79raises riskLiquidity: current ratio 1.30, cash €214,672Equity €1.5m (12.2% of total assets)Size: 25.8 FTE, total assets €12.1mlowers riskSector: Manufacture of textiles (NACE 13)Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (NACE 13, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 37=
equity 12.2% of total assets
Liquidity 34-1
short-term debt 39.6% · cash 1.8%
Profitability 53+4
return on assets 0.0%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (110 companies, NACE 13, small)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026 08-2026: 1.1%▲ +0.3 percentage points vs 07-2026 09-2026: 1.4%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 0.6%▼ -0.8 percentage points vs 09-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.3, compared with 1.19 in 2024, below the usual 1.5; short-term debt: 39.6% and cash: 1.8% of total assets), and 87.8% 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, small): better than 14% on solvency, 35% on liquidity, 40% on profitability and 41% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.30, cash €214,672
NBB · annual accounts
raises risk · Equity €1.5m (12.2% of total assets)
NBB · annual accounts
raises risk · Size: 25.8 FTE, total assets €12.1m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Manufacture of textiles (NACE 13)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 194 sector peers (2025).
NBB · sector comparison
Position among 194 sector peers
Solvency
better than 7%
← 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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 days early
2024
28 days early
2023
34 days early
2022
28 days early
2021
27 days early
2020
24 days early
2019
22 days 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 29 days before 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 3 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
25-10-2026 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. Back to profitnet €4,410
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 8% on solvencysector median 53.3% · 194 companies 12.2% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Board2 directors in office 2 View

By topic

Financials

Financial year
2025
Total assets
€12.1m
Profit
€4,410
Solvency
12.2%
Total assets▲ 0.9%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
  • DECRAEMER Luc Jozef RolandChair
  • BEECKMAN Karine Magda AlbertManaging director
Go to Board & ownership

Timeline

Events
31
Since
2001
Next accounts
by 31-07-2027
  1. 27-06-2024Annual accounts filed
  2. 22-01-2024Resignations: DECRAEMER Luc Jozef Roland (director) and…
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13200
Founded
24-08-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
28
Who signs
Two directors jointly, or a managing director alone
Annual meeting
Third Friday of June at 17:00
Purpose
“De fabricatie en het verhandelen,de aan- en verkoop,in- en uitvoer,de handel in het groot…” (deed in Dutch)
Go to Articles of association

Key facts about FITCO

What is the company number of FITCO?
0466.606.028. In Belgium the VAT number is the company number with BE in front: BE 0466.606.028.
Where is FITCO based?
The registered office is at John Cordierlaan 10, 8400 Oostende.Company details
What does FITCO do?
According to the KBO register, the main activity is manufacture of textiles (NACE 13200).
What is the legal form of FITCO?
Public limited company (NV).
When was FITCO founded?
On 24-08-1999.
Is FITCO still active?
Yes, FITCO is an active enterprise in the KBO register.
How many employees does FITCO have?
On average 25.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FITCO?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FITCO profitable?
In financial year 2025, FITCO made a profit of €4,410.
Where can I find the annual accounts of FITCO?
FITCO filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FITCO due?
By 31-07-2027, for financial year 2026.Timeline

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