Equity
€20.7m from €86.4m in 2011
Equity fell by 76% in 14 years.
Natix
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €35.4m (2025)
€35.4m▲ 23.4%
lowest -€15.0m (2013)
€483,180▲ €1.6m
peak €86.4m (2011)
€20.7m▲ 2.2%
€10.3m▲ 34.5%
peak 10.6 FTE (2021)
8.7 FTE▲ 4.8%
Board10 names since 2019
3 directorsHexagon Advisory sprl and 2 others
Owners2 names in the annual accounts
98.4%Floridienne
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Turnover from €28.7m to €35.4mBack to profit: €483,180Debts from €7.7m to €10.3mInvestments €3.3mCash from €1.9m to €3.5m
Key points
from the 2025 annual accountsResult
€483,180 €483,180
Back in profit in 2025, after a loss of €1.1m in 2024.
Staff
9 employees on 31-12-2025
In 2025, 3 people joined and 3 left. On top of that, 0.3 agency workers worked there on average.
Payment terms
36 days to suppliers
Natix pays its suppliers 7 days earlier than in 2024. Customers pay 34 days earlier.
Filings
38 annual accounts since 1988
The last five annual accounts were filed 22 to 59 days before the end of the period.
Position in the sector
€20.7m
More equity than 91% of companies in wholesale trade. Sector median €1.6m · 6,123 companies.
Checked score
94
Excellent
Financially stronger than 54% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
lowers risk
Founded in 1987
Size: turnover €35.4m, 8.7 FTE, total assets €31.0m
Equity €20.7m (66.7% of total assets)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 72% of them on solvency, 54% on liquidity, 23% on profitability and 65% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Natix has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Natix itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Natix. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,900,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (1.64 in 2024), below the usual 1.5. Short-term debt is 31.7% and cash 11.3% of total assets. 33.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
22 days early
2023
37 days early
2022
27 days early
2021
59 days early
2020
53 days early
2019
67 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 4 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BS
Beluflo SA
Director, Gaëtan Waucquez, since 21-06-2024
HA
Hexagon Advisory sprl
Director, Thibaut Hofman
TL
T-l BV
Director, Stefaan Vandaele
EA
ERNST AN YOUNG REVISEURS D'ENTREPRISES SRL
Auditor
- Floridienne 98.4%equity €777.6m (2025) · annual accounts 2025
Shares in 12 companies, including BLUE STAR CHEMICALS and ENZYBEL ASIA PACIFIC LIMITED
Board & ownershipRecent changes
1 director reappointed
T-l BV · Permanent representatives: Stefaan Vandaele and Thibaut Hofman · General meeting of 30-06-2025 · Gazette deed
1 statutory auditor appointed, 2 directors reappointed
Reappointments: BELUFLO SA and HEXAGON ADVISORY SRL · Permanent representatives: Gaëtan Waucquez and Thibaut Hofman · Appointment: EY Bedrijfsrevisoren SRL (statutory auditor) · General meeting of 21-06-2024 · Gazette deed
Capital increase
82,121 new shares · Capital after the decrease: €10,000,000 · Founding capital of BEF 102.000.000, 10,200 shares · General meeting of 05-07-2024 · Gazette deed
Company renamed from FLORINVEST to Natix
“La recherche,le développement et l’expertise en matière d’extraction de principes actifs à partir d’organismes…” (deed in French) · General meeting of 19-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Natix Villers-le-Bouillet | €35.4m | -2.3% | 66.7% | 8.7 |
| ASAHI PHOTOPRODUCTS (EUROPE) Anderlecht | €39.1m | 3.4% | 42.7% | 10.7 |
| INNOCHEM Westerlo | €34.3m | 10.4% | 96.2% | 5.9 |
| Azelis Products International Antwerp | €33.9m | 5.3% | 55.6% | 7.6 |
| MATCO Waregem | €30.3m | 0.9% | 26.9% | 17.2 |
| NUTREX Olen | €38.2m | 6.7% | 75.3% | 10 |
| VERTEXCO Menen | €22.9m | 9.9% | 47.4% | 14.3 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Natix: wholesale of industrial chemicals (NACE 46851). They are comparable in size and age: total assets between €11m and €31m, founded between 1983 and 1995.
Official details
Source: KBO- Status
- Active since 13-10-1987Normal situation
- Activity
- Wholesale of industrial chemicalsNACE 46851and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment units
- 2.031.175.7431410 Waterloo, since 31-08-1992
- 2.251.077.6141070 Anderlecht, since 01-07-2015and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €31.0m▲ 11.1%
- Employeeson 31-12-2025
- 9=
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Companies linked to Natix
Subsidiaries and holdings
- ENZYBEL INTERNATIONAL100%
- Société d'Etudes Techniques au Hainaut97.5%
- CHEMCOM41.59%
- OLFADOG BIOTECH19.98%
- DELKA0.01%
Insights on Natix
Natix has existed since 1987. In 2012 turnover rose from €7,437 to €6.2m.
Solvency fell in 2025 from 72.5% to 66.7%.
Floridienne holds 98.4% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Natix
- What is the company number of Natix?
- The company number of Natix is 0432.250.608. The VAT number is the same number with BE in front: BE 0432.250.608.
- Where is Natix based?
- The registered office is at Rue de Waremme 116, 4530 Villers-le-Bouillet.Company details
- What does Natix do?
- According to the KBO register, the main activity is wholesale of industrial chemicals (NACE 46851).
- What is the legal form of Natix?
- Natix is a public limited company (NV).
- When was Natix founded?
- Natix was founded on 13-10-1987.
- Is Natix still active?
- Yes, Natix is an active enterprise in the KBO register.
- How many employees does Natix have?
- Natix had an average of 8.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Natix fall under?
- In its 2025 annual accounts, Natix states joint committees 200 (Auxiliary committee for white-collar workers) and 207 (White-collar workers in the chemical industry).
- What is the turnover of Natix?
- The turnover of Natix was €35.4m in financial year 2025, according to the filed annual accounts.
- Is Natix profitable?
- In financial year 2025, Natix made a profit of €483,180.
- Where can I find the annual accounts of Natix?
- Natix filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Natix due?
- Natix must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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