FTEX
ActiveSummary
FTEX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 2566 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+12
Solvency15▲+8
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.32 in 2024; short-term debt: 110.2% and cash: 20.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-10.2%
Return on assets
14.2%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2566 sector peers (2025).
NBB · sector comparisonPosition among 2566 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
28 d late
2024
39 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
26 d early
2019
60 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€18k
EBIT margin
16.3%
Net result
€5k▲ 137%
2024 · €2k
2019: €4k
2020: €2k▼ -37.5% vs 2019
2021: €-3k▼ -225% vs 2020
2022: €830▲ +130% vs 2021
2023: €-15k▼ -1885% vs 2022lowest in 7 years
2024: €2k▲ +114% vs 2023
2025: €5k▲ +137% vs 2024highest in 7 years
2019 → 2025
Working capital
€-21k▲ 43.2%
2024 · €-37k
2019: €4k
2020: €6k▲ +65.2% vs 2019highest in 7 years
2021: €4k▼ -40.3% vs 2020
2022: €4k▲ +23.4% vs 2021
2023: €-48k▼ -1186% vs 2022lowest in 7 years
2024: €-37k▲ +22.0% vs 2023
2025: €-21k▲ +43.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€4k▲ 23.4%€-10k€-8k▲ 19.7%€-3k▲ 58.3%
2021: €4k
2022: €4k▲ +23.4% vs 2021highest in 5 years
2023: €-10k▼ -338% vs 2022lowest in 5 years
2024: €-8k▲ +19.7% vs 2023
2025: €-3k▲ +58.3% vs 2024
Operating result€-2k-€2k€-15k€-2k▲ 85.3%€5k
2021: €-2k
2022: €2k▲ +188% vs 2021
2023: €-15k▼ -1017% vs 2022lowest in 5 years
2024: €-2k▲ +85.3% vs 2023
2025: €5k▲ +339% vs 2024highest in 5 years
Net result€-3k-€830€-15k€2k€5k▲ 137%
2021: €-3k
2022: €830▲ +130% vs 2021
2023: €-15k▼ -1885% vs 2022lowest in 5 years
2024: €2k▲ +114% vs 2023
2025: €5k▲ +137% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€18k ▼ 38.8%
Current assets
€17k ▼ 4.9%
Key figures and ratios
EBITDA
€19k▲
2024 · €6k
Cash flow
€19k▲
2024 · €10k
Solvency
-10.2%▲
2024 · -18.1%
Current ratio
0.44▲
2024 · 0.32
Quick ratio
0.30▲
2024 · 0.25
Debt to equity
-10.84▼
2024 · -6.54
ROA
14.2%▲
2024 · 4.4%
Interest coverage
398.68▲
2024 · 141.23
Debt
€38k▼
2024 · €55k
Debt ≤ 1 year
€38k▼
2024 · €55k
Income taxes
€261
Staff costs
€21k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€46k€34k▼
Fixed assets21/28€29k€18k▼
Tangible fixed assets22/27€29k€18k▼
Furniture and vehicles24€29k€18k▼
Current assets29/58€18k€17k▼
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€7k€4k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€46k€34k▼
Equity10/15€-8k€-3k▲
Contributions10/11€519€519=
Reserves13€180€180=
Non-distributable reserves130/1€180€180=
Reserves not available under the articles1311€180€180=
Profit (loss) carried forward14€-9k€-4k▲
Amounts payable17/49€55k€38k▼
Amounts payable within one year42/48€55k€38k▼
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Advances received on contracts in progress46€8k€4k▼
Taxes, remuneration and social security45€27€4k▲
Taxes450/3€27€2k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€43k€25k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€21k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲
Other operating charges640/8€118€614▲
Gross operating margin9900€6k€41k▲
Operating profit (loss)9901€-2k€5k▲
Financial income75/76B€4k-
Recurring financial income75€4k-
Financial charges65/66B€44€49▲
Recurring financial charges65€44€49▲
Profit (loss) for the period before taxes9903€2k€5k▲
Income taxes67/77-€261
Profit (loss) for the period9904€2k€5k▲
Profit (loss) for the period to be appropriated9905€2k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-4k▲
Profit (loss) brought forward from the previous period14P€-11k€-9k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €21k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5k | €8k | €14k | ▲ 70.3% |
| Other operating charges640/8 | €373 | - | €3k | €118 | €614 | ▲ 420% |
| Gross operating margin9900 | €-1k | €2k | €-7k | €6k | €41k | ▲ 548% |
| Operating profit (loss)9901 | €-2k | €2k | €-15k | €-2k | €5k | ▲ 339% |
| Financial income75/76B | - | - | - | €4k | - | - |
| Recurring financial income75 | - | - | - | €4k | - | - |
| Financial charges65/66B | €983 | €782 | €39 | €44 | €49 | ▲ 10.9% |
| Recurring financial charges65 | €983 | €782 | €39 | €44 | €49 | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | €-3k | €830 | €-15k | €2k | €5k | ▲ 150% |
| Income taxes67/77 | - | - | - | - | €261 | - |
| Profit (loss) for the period9904 | €-3k | €830 | €-15k | €2k | €5k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €830 | €-15k | €2k | €5k | ▲ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4k | €6k | €48k | €46k | €34k | ▼ 25.8% |
| Fixed assets21/28 | - | - | €37k | €29k | €18k | ▼ 38.8% |
| Tangible fixed assets22/27 | - | - | €37k | €29k | €18k | ▼ 38.8% |
| Furniture and vehicles24 | - | - | €37k | €29k | €18k | ▼ 38.8% |
| Current assets29/58 | €4k | €6k | €11k | €18k | €17k | ▼ 4.9% |
| Stocks and contracts in progress3 | - | - | €5k | €4k | €5k | ▲ 38.5% |
| Stocks30/36 | - | - | €5k | €4k | €5k | ▲ 38.5% |
| Amounts receivable within one year40/41 | €356 | €356 | €3k | €9k | €4k | ▼ 52.1% |
| Trade receivables40 | - | - | - | €7k | €4k | ▼ 38.0% |
| Other amounts receivable41 | €356 | €356 | €3k | €2k | - | - |
| Cash at bank and in hand54/58 | €4k | €6k | €4k | €5k | €7k | ▲ 54.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4k | €6k | €48k | €46k | €34k | ▼ 25.8% |
| Equity10/15 | €4k | €4k | €-10k | €-8k | €-3k | ▲ 58.3% |
| Contributions10/11 | €519 | €519 | €519 | €519 | €519 | = |
| Reserves13 | €180 | €180 | €180 | €180 | €180 | = |
| Non-distributable reserves130/1 | €180 | €180 | €180 | €180 | €180 | = |
| Reserves not available under the articles1311 | €180 | €180 | €180 | €180 | €180 | = |
| Profit (loss) carried forward14 | €3k | €4k | €-11k | €-9k | €-4k | ▲ 53.8% |
| Amounts payable17/49 | €498 | €2k | €59k | €55k | €38k | ▼ 30.8% |
| Amounts payable within one year42/48 | €498 | €2k | €59k | €55k | €38k | ▼ 30.8% |
| Trade debts44 | €498 | €1k | €6k | €3k | €5k | ▲ 56.4% |
| Suppliers440/4 | €498 | €1k | €6k | €3k | €5k | ▲ 56.4% |
| Advances received on contracts in progress46 | - | - | - | €8k | €4k | ▼ 56.5% |
| Taxes, remuneration and social security45 | - | - | - | €27 | €4k | ▲ 13,409% |
| Taxes450/3 | - | - | - | €27 | €2k | ▲ 8,923% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | - | €394 | €53k | €43k | €25k | ▼ 41.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €830 | €-15k | €2k | €5k | ▲ 137% |
| + Depreciation and write-downs630 | - | - | €5k | €8k | €14k | ▲ 70.3% |
| Operating cash flow (approximation) | €-3k | €830 | €-10k | €10k | €19k | ▲ 83.5% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €-3k | - |
| Change in cash | - | €2k | €-2k | €574 | €2k | ▲ 328% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2019net €5k ▲137%
Operating result €5k, net result €5k, both a record.
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €830
Net result €830 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 39.45
Current ratio from 7.68 to 39.45; short-term debt falls from €538 to €154.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Mortsel · 2 establishment units since 2018
Ground area
337 m²
Building footprint
296 m²
Volume, LiDAR
2,275 m³
Parcel 11512B0054/00S002, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Antwerpsestraat 10-12, 2640 Mortsel
since 20182.281.959.741
FASHION KLEERMAKER
since 20182.281.959.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0054/00S002 | Flanders | 337 m² | 1 · 296 m² | 14.1 m · 3 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 2,544 companies in sector 95290 we hold annual accounts for 418. 152 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
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
95290Repair and maintenance of other personal and household goods
14220Manufacture of wearing apparel
14210Manufacture of outerwear
Scores and ratios are computed by Checked and are not a credit decision.