FURTEX

Active

Private limited companyfounded 201115 yrs activeMolenberglei 7 A, 2627 Schelle, BelgiumKBO/BCE: BE 0839.386.530

FURTEX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €290k and a net result of €31k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability63▼-7

Solvency44▲+1

Growth78=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity tight (current ratio 1.23 against 1.27 in 2023; short-term debt: 79% of total assets), and 81.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9040 sector peers (2024).

NBB · sector comparison

Position among 9040 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

48 d late

2023

151 d late

2022

67 d late

2021

60 d late

2020

87 d late

2019

62 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€290k▲ 11.9%

2023 · €259k

2018: €167k 2019: €168k 2020: €190k 2021: €227k 2022: €239k 2023: €259k

2018 → 2024

Total assets

€1.55M▲ 4.9%

2023 · €1.48M

2018: €833k 2019: €860k 2020: €971k 2021: €1.12M 2022: €1.48M 2023: €1.48M

2018 → 2024

Net result

€31k▲ 58.2%

2023 · €19k

2018: €15k 2019: €1k 2020: €22k 2021: €38k 2022: €12k 2023: €19k

2018 → 2024

Working capital

€284k▼ 5.3%

2023 · €300k

2018: €156k 2019: €161k 2020: €182k 2021: €193k 2022: €182k 2023: €300k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€190k-€227k▲ 19.9%€239k▲ 5.3%€259k▲ 8.1%€290k▲ 11.9%

Operating result€30k-€52k▲ 73.7%€30k▼ 42.4%€35k▲ 18.6%€60k▲ 70.4%

Net result€22k-€38k▲ 73.8%€12k▼ 67.8%€19k▲ 60.6%€31k▲ 58.2%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 70% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.55M

97.3%

Fixed assets €41k▼ 47.4%

Current assets €1.51M▲ 7.8%

Equity and liabilities €1.55M

18.7%

81.3%

Equity €290k▲ 11.9%

Debt €1.26M▲ 3.4%

The debt ratio falls from 82.5% to 81.3%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€97k▲

2023 · €73k

Cash flow

€68k▲

2023 · €57k

Solvency

18.7%▲

2023 · 17.5%

Current ratio

1.23▼

2023 · 1.27

Quick ratio

0.56▲

2023 · 0.54

Debt / equity

4.35▼

2023 · 4.71

ROE

10.6%▲

2023 · 7.5%

ROA

2.0%▲

2023 · 1.3%

Interest coverage

5.06▼

2023 · 7.71

Debt

€1.26M▲

2023 · €1.22M

Debt ≤ 1 year

€1.22M▲

2023 · €1.10M

Debt > 1 year

€35k▼

2023 · €119k

Income taxes

€10k▲

2023 · €6k

Staff costs

€102k▲

2023 · €92k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.48M€1.55M▲

Fixed assets21/28€78k€41k▼

Tangible fixed assets22/27€71k€34k▼

Plant, machinery and equipment23€8k€6k▼

Furniture and vehicles24€24k€11k▼

Leasing and similar rights25€38k€16k▼

Financial fixed assets28€8k€8k=

Current assets29/58€1.40M€1.51M▲

Stocks and contracts in progress3€804k€820k▲

Stocks30/36€804k€820k▲

Amounts receivable within one year40/41€596k€672k▲

Trade receivables40€302k€535k▲

Other amounts receivable41€294k€137k▼

Current investments50/53-€14k

Cash at bank and in hand54/58€306-

Deferred charges and accrued income490/1-€3k

Equity and liabilities

Total equity and liabilities10/49€1.48M€1.55M▲

Equity10/15€259k€290k▲

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k€2k=

Profit (loss) carried forward14€238k€269k▲

Amounts payable17/49€1.22M€1.26M▲

Amounts payable after more than one year17€119k€35k▼

Financial debts170/4€119k€35k▼

Amounts payable within one year42/48€1.10M€1.22M▲

Current portion of amounts payable after more than one year42€31k€16k▼

Financial debts43€916k€125k▼

Credit institutions430/8€916k€125k▼

Trade debts44-€914k

Suppliers440/4-€914k

Advances received on contracts in progress46€5k€120k▲

Taxes, remuneration and social security45€34k€49k▲

Taxes450/3€18k€19k▲

Remuneration and social security454/9€16k€30k▲

Other amounts payable47/48€113k-

Income statement Code20232024

Remuneration, social security and pensions62€92k€102k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k▼

Other operating charges640/8€38k€11k▼

Gross operating margin9900€202k€210k▲

Operating profit (loss)9901€35k€60k▲

Financial income75/76B-€43

Recurring financial income75-€43

Financial charges65/66B€9k€19k▲

Recurring financial charges65€9k€19k▲

Profit (loss) for the period before taxes9903€26k€41k▲

Income taxes67/77€6k€10k▲

Profit (loss) for the period9904€19k€31k▲

Profit (loss) for the period to be appropriated9905€19k€31k▲

Appropriation of the result

Profit (loss) to be appropriated9906€238k€269k▲

Profit (loss) brought forward from the previous period14P€219k€238k▲

Social balance

Average headcount (FTE)908791,802.0102,047.0▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

17-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 48 days late

2024

29-12

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 151 days late

2023

06-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 67 days late

2022

29-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 60 days late

2021

31-12

Financial Highest result since 2018net €38k ▲73.8%

Net result €38k, the highest in the series.

31-12

Financial Equity above €200kEq €227k ▲19.9%

4 profitable years in a row build equity to €227k.

26-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 87 days late

2020

01-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 62 days late

2019

31-12

Financial Weakest financial yearnet €1k ▼92.2%

Net result drops to €1k, the lowest in the series; recovery starts the following year.

09-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 70 days late

2018

17-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 48 days late

2017

27-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 58 days late

2016

26-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 57 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

25-11-2025 SELEK Iskender: Resigned as Manager

03-04-2017 Selek Filiz: Resigned as Manager

28-10-2011 De Laet Annie: Resigned as Manager

Location & real-estate footprint

Registered office, Schelle · 1 establishment unit since 2011

establishment The establishment unit on the map

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.

Molenberglei 7 A2627 Schelle

Ground area

1.2 ha

Building footprint