FURKAN TEX
ActiveThe annual accounts of FURKAN TEX for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €525 and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 18207 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
35
/ 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▼-9
Solvency29▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.99 against 1.17 in 2024; short-term debt: 96% and cash: 22% of total assets), and 96% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
4%
Return on assets
-27.6%
Age of the figures
12 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021232425
2018 to 2025 · latest year €-4k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 18207 sector peers (2025).
NBB · sector comparisonPosition among 18207 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
55 d early
2023
25 d early
2021
1 d early
2020
on the day
2019
36 d early
2018
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€525▼ 87.4%
2024 · €4k
2018: €-10k
2019: €-5k
2020: €-37
2021: €3k
2023: €6k
2024: €4k
2018 → 2025
Total assets
€13k▼ 42.6%
2024 · €23k
2018: €52k
2019: €63k
2020: €44k
2021: €32k
2023: €24k
2024: €23k
2018 → 2025
Net result
€-4k▼ 102%
2024 · €-2k
2018: €3k
2019: €5k
2020: €5k
2021: €3k
2023: €2k
2024: €-2k
2018 → 2025
Working capital
€-110
2024 · €3k
2018: €-15k
2019: €-8k
2020: €-2k
2021: €3k
2023: €4k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€-37-€3k€6k▲ 74.6%€4k▼ 30.2%€525▼ 87.4%
Operating result€5k-€4k▼ 27.4%€2k▼ 49.2%€-2k€-3k▼ 109%
Net result€5k-€3k▼ 27.5%€2k▼ 54.9%€-2k€-4k▼ 102%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13k
Fixed assets
€635▼ 39.6%
Current assets
€13k▼ 42.8%
Equity and liabilities €13k
Equity
€525▼ 87.4%
Debt
€13k▼ 32.7%
The debt ratio rises from 81.9% to 96.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €-1k
Cash flow
€-3k▼
2024 · €-1k
Solvency
4.0%▼
2024 · 18.1%
Current ratio
0.99▼
2024 · 1.17
Quick ratio
0.27▼
2024 · 0.42
ROA
-27.6%▼
2024 · -7.8%
Interest coverage
-15.06▼
2024 · -7.87
Debt
€13k▼
2024 · €19k
Debt ≤ 1 year
€13k▼
2024 · €19k
Equity ratios withheld: equity of €525 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€23k€13k▼
Fixed assets21/28€1k€635▼
Tangible fixed assets22/27€1k€635▼
Plant, machinery and equipment23€1k€635▼
Current assets29/58€22k€13k▼
Stocks and contracts in progress3€14k€9k▼
Stocks30/36€14k€9k▼
Amounts receivable within one year40/41€2k€569▼
Other amounts receivable41€2k€569▼
Cash at bank and in hand54/58€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€23k€13k▼
Equity10/15€4k€525▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-2k€-6k▼
Amounts payable17/49€19k€13k▼
Amounts payable within one year42/48€19k€13k▼
Trade debts44€3k-
Suppliers440/4€3k-
Other amounts payable47/48€16k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€416€416=
Other operating charges640/8€867€717▼
Gross operating margin9900€-358€-2k▼
Operating profit (loss)9901€-2k€-3k▼
Financial charges65/66B€156€201▲
Recurring financial charges65€156€201▲
Profit (loss) for the period before taxes9903€-2k€-4k▼
Profit (loss) for the period9904€-2k€-4k▼
Profit (loss) for the period to be appropriated9905€-2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-6k▼
Profit (loss) brought forward from the previous period14P€-240€-2k▼
The notes to these accounts (4 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €5k ▲42.2%
Operating result €5k, net result €5k, both a record.
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
10-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bevrijdingslaan 2009000 GentGround area
242 m²
Building footprint
242 m²
Volume, LiDAR
1,888 m³
Parcel 44816K0525/00N003, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FURKAN
since 20042.139.489.606
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0525/00N003 | Flanders | 242 m² | 1 · 242 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,438. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2004
Fiscal year end30-09
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
47512Retail sale of household textiles and bedding
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
52410
52422
52423
52424
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.