Godratex
ActiveSummary
Godratex has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,386 and a net result of €279. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 75% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+69
Solvency98▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 5.11 against 5.94 in 2024; short-term debt: 18.9% and cash: 39.3% of total assets), and 26.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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 2025Solvency, return and age of the figures
Solvency
73.2%
Return on assets
0.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
16 d early
2023
57 d early
2022
62 d early
2021
47 d early
2020
25 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€38,386▲ 0.7%
2024 · €38,107
Total assets
€52,456▼ 11.1%
2024 · €58,997
Net result
€279
2024 · -€13,677
Working capital
€40,646▼ 3.0%
2024 · €41,911
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,348▲ 420%€2,002▼ 40.2%€2,114▲ 5.6%-€10,160€636
Net result€408▼ 35.9%€258▼ 36.6%€31▼ 88.1%-€13,677€279
Equity€51,495▲ 0.8%€51,754▲ 0.5%€51,784▲ 0.1%€38,107▼ 26.4%€38,386▲ 0.7%
Total assets€101,722▲ 21.8%€105,186▲ 3.4%€84,407▼ 19.8%€58,997▼ 30.1%€52,456▼ 11.1%
Debt€50,226▲ 54.8%€53,432▲ 6.4%€32,623▼ 38.9%€20,890▼ 36.0%€14,071▼ 32.6%
Working capital€56,328▲ 31.7%€57,677▲ 2.4%€59,661▲ 3.4%€41,911▼ 29.8%€40,646▼ 3.0%
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: €636 after a loss of €10,160 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,456
Fixed assets
€1,913 ▼ 77.7%
Current assets
€50,543 ▲ 0.3%
Equity and liabilities €52,456
Equity
€38,386 ▲ 0.7%
Debt
€14,071 ▼ 32.6%
Debt's share of the balance-sheet total falls from 35.4% to 26.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,321▲
2024 · -€3,196
Cash flow
€6,963▲
2024 · -€6,713
Current ratio
5.11▼
2024 · 5.94
Quick ratio
4.39▲
2024 · 2.87
Debt to equity
0.37▼
2024 · 0.55
ROE
0.7%▲
2024 · -35.9%
ROA
0.5%▲
2024 · -23.2%
Interest coverage
10.37▲
2024 · -2.48
Debt ≤ 1 year
€9,897▲
2024 · €8,487
Debt > 1 year
€4,174▼
2024 · €12,402
Income taxes
€183▼
2024 · €2,639
Staff costs
€1,068▲
2024 · €942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 16,986 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €897 | €911 | €1,031 | €942 | €1,068 | ▲ 13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,540 | €4,232 | €19,146 | €6,964 | €6,685 | ▼ 4.0% |
| Other operating charges640/8 | €742 | €768 | €886 | €862 | €950 | ▲ 10.2% |
| Gross operating margin9900 | €6,527 | €7,913 | €23,176 | -€1,391 | €9,339 | ▲ 771% |
| Operating profit (loss)9901 | €3,348 | €2,002 | €2,114 | -€10,160 | €636 | ▲ 106% |
| Financial income75/76B | €754 | €1,458 | €898 | €412 | €532 | ▲ 29.0% |
| Recurring financial income75 | €754 | €1,458 | €898 | €412 | €532 | ▲ 29.0% |
| Financial charges65/66B | €1,577 | €1,779 | €1,520 | €1,291 | €706 | ▼ 45.3% |
| Recurring financial charges65 | €1,577 | €1,779 | €1,520 | €1,291 | €706 | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | €2,525 | €1,682 | €1,492 | -€11,039 | €462 | ▲ 104% |
| Income taxes67/77 | €2,117 | €1,423 | €1,461 | €2,639 | €183 | ▼ 93.0% |
| Profit (loss) for the period9904 | €408 | €258 | €31 | -€13,677 | €279 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €408 | €258 | €31 | -€13,677 | €279 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,722 | €105,186 | €84,407 | €58,997 | €52,456 | ▼ 11.1% |
| Fixed assets21/28 | €6,762 | €22,474 | €12,599 | €8,598 | €1,913 | ▼ 77.7% |
| Intangible fixed assets21 | - | €18,993 | €12,345 | €5,697 | - | - |
| Tangible fixed assets22/27 | €6,762 | €3,481 | €254 | €2,901 | €1,913 | ▼ 34.0% |
| Plant, machinery and equipment23 | €5,722 | €2,988 | €254 | - | - | - |
| Furniture and vehicles24 | €1,040 | €493 | - | €2,901 | €1,913 | ▼ 34.0% |
| Current assets29/58 | €94,959 | €82,711 | €71,808 | €50,399 | €50,543 | ▲ 0.3% |
| Stocks and contracts in progress3 | €8,374 | €22,797 | €31,070 | €26,069 | €7,069 | ▼ 72.9% |
| Stocks30/36 | €1,874 | €22,797 | €31,070 | €26,069 | €7,069 | ▼ 72.9% |
| Contracts in progress37 | €6,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €85,792 | €56,907 | €24,310 | €14,995 | €19,584 | ▲ 30.6% |
| Trade receivables40 | €85,188 | €54,116 | €24,310 | €14,995 | €18,367 | ▲ 22.5% |
| Other amounts receivable41 | €604 | €2,791 | - | - | €1,217 | - |
| Cash at bank and in hand54/58 | €794 | €1,434 | €13,369 | €7,145 | €20,635 | ▲ 189% |
| Deferred charges and accrued income490/1 | - | €1,573 | €3,060 | €2,189 | €3,255 | ▲ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,722 | €105,186 | €84,407 | €58,997 | €52,456 | ▼ 11.1% |
| Equity10/15 | €51,495 | €51,754 | €51,784 | €38,107 | €38,386 | ▲ 0.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €31,859 | €31,859 | €31,859 | €31,859 | €31,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €1,044 | €1,302 | €1,333 | -€12,344 | -€12,066 | ▲ 2.3% |
| Amounts payable17/49 | €50,226 | €53,432 | €32,623 | €20,890 | €14,071 | ▼ 32.6% |
| Amounts payable after more than one year17 | €11,595 | €28,397 | €20,476 | €12,402 | €4,174 | ▼ 66.3% |
| Financial debts170/4 | €11,595 | €28,397 | €20,476 | €12,402 | €4,174 | ▼ 66.3% |
| Amounts payable within one year42/48 | €38,631 | €25,035 | €12,147 | €8,487 | €9,897 | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | - | €7,772 | €7,921 | €8,074 | €8,229 | ▲ 1.9% |
| Financial debts43 | €186 | €239 | - | - | - | - |
| Credit institutions430/8 | €186 | €239 | - | - | - | - |
| Trade debts44 | €10,277 | €4,437 | €4,146 | €78 | €1,533 | ▲ 1,875% |
| Suppliers440/4 | €10,277 | €4,437 | €4,146 | €78 | €1,533 | ▲ 1,875% |
| Taxes, remuneration and social security45 | - | €4,451 | €19 | €298 | €85 | ▼ 71.5% |
| Taxes450/3 | - | €4,451 | €19 | €298 | €85 | ▼ 71.5% |
| Other amounts payable47/48 | €28,168 | €8,136 | €61 | €38 | €50 | ▲ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €408 | €258 | €31 | -€13,677 | €279 | ▲ 102% |
| + Depreciation and write-downs630 | €1,540 | €4,232 | €19,146 | €6,964 | €6,685 | ▼ 4.0% |
| Operating cash flow (approximation) | €1,948 | €4,490 | €19,176 | -€6,713 | €6,963 | ▲ 204% |
| Investment in fixed assets (approximation) | - | -€19,944 | -€9,271 | -€2,963 | €0 | ▲ 100% |
| Change in cash | - | €641 | €11,934 | -€6,224 | €13,490 | ▲ 317% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Back to profitnet €279
Net result €279 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€13,677
Net result drops to -€13,677, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €14,423 ▲279%
Operating result €14,831, net result €14,423, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1992
Ground area
1,605 m²
Building footprint
155 m²
Volume, LiDAR
987 m³
Parcel 34026A0124/00P005, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GODRATEX BVBA
since 19922.057.098.004
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0124/00P005 | Flanders | 1,604 m² | 1 · 155 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 750 EUR | 750 EUR |
Similar companies · same sector, comparable size
AL TRADING PARTNERS
BE 0862.972.772
Elsene · Eq €40,086
MBC TEX
BE 0479.511.283
Sint-Niklaas · Eq €40,490
ACRON
BE 0441.085.823
Mortsel · Eq €36,160
SELINE
BE 0473.766.212
Sint-Gillis (bij-Brussel) · Eq €35,914
COMATEX
BE 0862.491.930
Merelbeke-Melle · Eq €41,034
Of 687 companies in sector 46412 we hold annual accounts for 518. 301 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 (pre-2019)
Founded19-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
13100Manufacture of textiles
43350Other building finishing work
55203Holiday cottages, homes and apartments
55209Other holiday and short-stay accommodation
55900Accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446654613
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.