GLOBALTEX
ActiveSummary
GLOBALTEX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.0m and a net result of €494,854. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+1
Solvency38▼-4
Growth39▲+3
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.15 in 2023; short-term debt: 84% and cash: 5.3% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.1%
Return on assets
2.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5998 sector peers (2024).
NBB · sector comparisonPosition among 5998 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
13 d late
2022
31 d early
2021
9 d early
2020
27 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€42.0m▲ 6.2%
2023 · €39.5m
EBIT margin
4.2%▲ 0.8pp
2023 · 3.4%
Net result
€494,854▼ 24.2%
2023 · €652,991
Working capital
€2.7m▲ 25.3%
2023 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€49.2m▼ 14.0%€65.9m▲ 34.0%€51.7m▼ 21.5%€39.5m▼ 23.6%€42.0m▲ 6.2%
Operating result€1.9m▼ 16.6%€1.8m▼ 7.2%€1.5m▼ 17.3%€1.3m▼ 8.5%€1.8m▲ 31.7%
Net result€891,974above the sector's middle half▼ 32.8%€1.2mabove the sector's middle half▲ 39.9%€569,594within the sector's middle half▼ 54.3%€652,991above the sector's middle half▲ 14.6%€494,854within the sector's middle half▼ 24.2%
EBIT margin3.9%▼ 0.1pp2.7%▼ 1.2pp2.8%▲ 0.1pp3.4%▲ 0.6pp4.2%▲ 0.8pp
Equity€2.7mwithin the sector's middle half▲ 3.5%€3.0mwithin the sector's middle half▲ 9.0%€3.0mwithin the sector's middle half▲ 0.7%€3.0mwithin the sector's middle half▲ 0.1%€3.0mwithin the sector's middle half▲ 0.2%
Total assets€20.5mabove the sector's middle half▲ 1.2%€25.3mabove the sector's middle half▲ 23.7%€18.3mabove the sector's middle half▼ 27.6%€17.4mabove the sector's middle half▼ 4.9%€23.1mabove the sector's middle half▲ 32.5%
Debt€17.7m▲ 0.8%€22.3m▲ 26.0%€15.3m▼ 31.4%€14.4m▼ 5.9%€20.1m▲ 39.3%
Working capital€1.7m▼ 2.8%€2.0m▲ 15.9%€2.1m▲ 7.2%€2.2m▲ 2.7%€2.7m▲ 25.3%
Solvency13.4%below the sector's middle half▲ 0.3pp11.8%below the sector's middle half▼ 1.6pp16.5%below the sector's middle half▲ 4.6pp17.3%below the sector's middle half▲ 0.9pp13.1%below the sector's middle half▼ 4.2pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23.1m
Fixed assets
€941,286 ▼ 2.8%
Current assets
€22.1m ▲ 34.6%
Equity and liabilities €23.1m
Equity
€3.0m ▲ 0.2%
Debt
€20.1m ▲ 39.3%
Debt's share of the balance-sheet total rises from 82.7% to 86.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.8m▲
2023 · €1.3m
Cash flow
€508,549▼
2023 · €667,981
Current ratio
1.14▼
2023 · 1.15
Quick ratio
1.02▲
2023 · 0.97
Debt to equity
6.63▲
2023 · 4.77
ROE
16.4%▼
2023 · 21.6%
ROA
2.1%▼
2023 · 3.7%
Interest coverage
2.12▲
2023 · 1.76
Debt ≤ 1 year
€19.4m▲
2023 · €14.3m
Income taxes
€168,944▲
2023 · €117,653
Staff costs
€107,641▲
2023 · €106,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,504 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €66.2m | €51.9m | €40.1m | €42.4m | ▲ 5.7% |
| Turnover70 | €49.2m | €65.9m | €51.7m | €39.5m | €42.0m | ▲ 6.2% |
| Other operating income74 | - | €301,221 | €172,497 | €635,428 | €490,536 | ▼ 22.8% |
| Non-recurring operating income76A | - | €47,208 | - | - | - | - |
| Operating charges60/66A | - | €64.5m | €50.4m | €38.8m | €40.7m | ▲ 4.8% |
| Goods for resale, raw materials and consumables60 | - | €61.0m | €47.1m | €35.3m | €37.1m | ▲ 5.0% |
| Purchases600/8 | - | €62.6m | €48.2m | €33.6m | €36.9m | ▲ 9.8% |
| Change in stocks: decrease (increase)609 | - | -€1.6m | -€1.1m | €1.8m | €249,215 | ▼ 85.8% |
| Services and other goods61 | - | €3.0m | €2.7m | €2.5m | €2.9m | ▲ 17.1% |
| Remuneration, social security and pensions62 | - | €94,801 | €97,366 | €106,973 | €107,641 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,858 | €9,001 | €7,807 | €14,990 | €13,695 | ▼ 8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,314 | €94,204 | €87,621 | €15,973 | ▼ 81.8% |
| Other operating charges640/8 | - | €372,252 | €452,999 | €789,757 | €539,138 | ▼ 31.7% |
| Operating profit (loss)9901 | €1.9m | €1.8m | €1.5m | €1.3m | €1.8m | ▲ 31.7% |
| Financial income75/76B | - | €3.3m | €6.7m | €3.2m | €1.6m | ▼ 49.5% |
| Recurring financial income75 | €2.4m | €3.3m | €6.7m | €2.9m | €1.6m | ▼ 44.1% |
| Income from financial fixed assets750 | - | €8,224 | €9,931 | €8,711 | €114,055 | ▲ 1,209% |
| Other financial income752/9 | - | €3.3m | €6.7m | €2.9m | €1.5m | ▼ 47.9% |
| Non-recurring financial income76B | - | - | - | €315,474 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3.4m | €7.4m | €3.8m | €2.7m | ▼ 28.4% |
| Recurring financial charges65 | €3.1m | €3.4m | €7.4m | €3.8m | €2.7m | ▼ 29.0% |
| Debt charges650 | €250,114 | €233,611 | €472,594 | €763,953 | €833,853 | ▲ 9.1% |
| Other financial charges652/9 | - | €3.2m | €6.9m | €3.0m | €1.9m | ▼ 38.5% |
| Non-recurring financial charges66B | - | - | - | - | €21,930 | - |
| Profit (loss) for the period before taxes9903 | €1.2m | €1.7m | €764,160 | €770,644 | €663,797 | ▼ 13.9% |
| Income taxes67/77 | €301,255 | €419,841 | €194,566 | €117,653 | €168,944 | ▲ 43.6% |
| Taxes670/3 | - | €419,841 | €194,566 | €117,653 | €168,944 | ▲ 43.6% |
| Profit (loss) for the period9904 | €891,974 | €1.2m | €569,594 | €652,991 | €494,854 | ▼ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €891,974 | €1.2m | €569,594 | €652,991 | €494,854 | ▼ 24.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20.5m | €25.3m | €18.3m | €17.4m | €23.1m | ▲ 32.5% |
| Fixed assets21/28 | €1.1m | €1.2m | €1.2m | €968,651 | €941,286 | ▼ 2.8% |
| Tangible fixed assets22/27 | €28,210 | €19,209 | €36,107 | €21,116 | €12,386 | ▼ 41.3% |
| Furniture and vehicles24 | - | €19,209 | €36,107 | €21,116 | €12,386 | ▼ 41.3% |
| Financial fixed assets28 | €1.1m | €1.2m | €1.1m | €947,534 | €928,900 | ▼ 2.0% |
| Companies linked by participating interests282/3 | - | €490,004 | €440,380 | €462,375 | €450,755 | ▼ 2.5% |
| Participating interests282 | - | €4,855 | €4,855 | €22,571 | €1,855 | ▼ 91.8% |
| Amounts receivable283 | - | €485,149 | €435,525 | €439,804 | €448,900 | ▲ 2.1% |
| Other financial fixed assets284/8 | - | €685,075 | €680,675 | €485,159 | €478,145 | ▼ 1.4% |
| Shares284 | - | €665,000 | €665,000 | €481,889 | €474,875 | ▼ 1.5% |
| Amounts receivable and cash guarantees285/8 | - | €20,075 | €15,675 | €3,270 | €3,270 | = |
| Current assets29/58 | €19.3m | €24.1m | €17.2m | €16.5m | €22.1m | ▲ 34.6% |
| Stocks and contracts in progress3 | €1.5m | €3.3m | €4.4m | €2.6m | €2.5m | ▼ 5.6% |
| Stocks30/36 | - | €3.3m | €4.4m | €2.6m | €2.5m | ▼ 5.6% |
| Goods purchased for resale34 | - | €3.3m | €4.4m | €2.6m | €2.5m | ▼ 5.6% |
| Amounts receivable within one year40/41 | €17.1m | €18.7m | €9.4m | €10.7m | €16.2m | ▲ 51.4% |
| Trade receivables40 | - | €17.3m | €8.4m | €9.1m | €14.7m | ▲ 62.0% |
| Other amounts receivable41 | - | €1.4m | €988,544 | €1.6m | €1.5m | ▼ 7.6% |
| Current investments50/53 | €200,000 | €1.0m | €2.3m | €2.4m | €2.0m | ▼ 17.5% |
| Other investments51/53 | - | €1.0m | €2.3m | €2.4m | €2.0m | ▼ 17.5% |
| Cash at bank and in hand54/58 | €465,748 | €1.1m | €976,234 | €579,481 | €1.2m | ▲ 112% |
| Deferred charges and accrued income490/1 | - | €74,041 | €129,709 | €163,990 | €279,770 | ▲ 70.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20.5m | €25.3m | €18.3m | €17.4m | €23.1m | ▲ 32.5% |
| Equity10/15 | €2.7m | €3.0m | €3.0m | €3.0m | €3.0m | ▲ 0.2% |
| Contributions10/11 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €2.7m | €2.9m | €3.0m | €3.0m | €3.0m | ▲ 0.2% |
| Non-distributable reserves130/1 | - | €5,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €5,000 | - | - | - | - |
| Distributable reserves133 | - | €2.9m | €3.0m | €3.0m | €3.0m | ▲ 0.2% |
| Amounts payable17/49 | €17.7m | €22.3m | €15.3m | €14.4m | €20.1m | ▲ 39.3% |
| Amounts payable within one year42/48 | €17.6m | €22.1m | €15.0m | €14.3m | €19.4m | ▲ 36.0% |
| Financial debts43 | - | €19.2m | €13.7m | €12.6m | €16.3m | ▲ 29.7% |
| Credit institutions430/8 | - | €19.2m | €13.7m | €12.6m | €16.3m | ▲ 29.7% |
| Trade debts44 | €1.8m | €1.8m | €743,198 | €900,716 | €2.3m | ▲ 160% |
| Suppliers440/4 | - | €1.8m | €743,198 | €900,716 | €2.3m | ▲ 160% |
| Taxes, remuneration and social security45 | - | €128,005 | €52,341 | €69,413 | €180,066 | ▲ 159% |
| Taxes450/3 | - | €117,772 | €41,703 | €57,601 | €168,079 | ▲ 192% |
| Remuneration and social security454/9 | - | €10,233 | €10,637 | €11,813 | €11,987 | ▲ 1.5% |
| Other amounts payable47/48 | - | €1.0m | €550,000 | €702,792 | €535,778 | ▼ 23.8% |
| Accrued charges and deferred income492/3 | - | €192,087 | €278,258 | €144,633 | €667,347 | ▲ 361% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €891,974 | €1.2m | €569,594 | €652,991 | €494,854 | ▼ 24.2% |
| + Depreciation and write-downs630 | €10,858 | €9,001 | €7,807 | €14,990 | €13,695 | ▼ 8.6% |
| Operating cash flow (approximation) | €902,833 | €1.3m | €577,401 | €667,981 | €508,549 | ▼ 23.9% |
| Investment in fixed assets (approximation) | - | -€76,275 | €29,320 | €173,521 | €13,669 | ▼ 92.1% |
| Change in cash | - | €645,267 | -€134,780 | -€396,753 | €650,451 | ▲ 264% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €494,854 ▼24.2%
Net result drops to €494,854, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €1.3m ▲21.8%
Operating result €2.3m, net result €1.3m, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 2007
Ground area
1,510 m²
Building footprint
1,056 m²
Volume, LiDAR
7,373 m³
Parcel 34040C1249/00W002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLOBALTEX
since 20072.166.756.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 m · 2 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.
Structure & network
Owners and holdings
3 owners · 1 holdingOwners 3
- Sourceaccounts DAMELO 202440%
- Sourceaccounts MDM 30-06-202540%
-
20%
Holdings 1
-
10%
According to the 2024 annual accounts of GLOBALTEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300LYGSPYSF6ONQ10
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Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46411Wholesale trade
46869Wholesale trade
20140Manufacture of chemicals and chemical products
20590Manufacture of chemicals and chemical products
46110Wholesale trade
46120Wholesale trade
46140Agents in the wholesale of industrial machinery, ships and aircraft
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893201932
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.