Equity
€118.7m ▲ 115%
Equity rose in 2026: merger with ZARA HOME BELGIQUE.
INDITEX BELGIE-INDITEX BELGIQUE
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1995peak €503.2m (2026)
€503.2m▲ 7.3%
lowest -€612,439 (2021)
€23.2m▼ 12.9%
peak €222.5m (2011)
€118.7m▲ 115%
€91.6m▲ 28.9%
peak 1,790.7 FTE (2026)
1,790.7 FTE▲ 1.8%
Board40 names since 2005all names
4 directorsJosé Manuel Romay de la Colina and 3 others
Owners
100%INDITEX SA
Documentsfilings and deeds
02-07-202660 days before the deadline
2026financial year
Equity from €55.3m to €118.7mDebts from €71.0m to €91.6m30 establishments registeredInvestments €53.4mCash from €32.8m to €77.2m
Key points
from the 2026 annual accountsGrowth
5 years
5 years of growth in a row. Turnover 2026: €503.2m.
Investments
€89.4m 5.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 47.0% higher than in 2025.
Staff
2,947 employees on 31-01-2026
In 2026, 2,845 people joined and 2,200 left. On top of that, 3.1 agency workers worked there on average.
Restructuring
4
4 restructurings since 2025. Latest: merger with ZARA HOME BELGIQUE.
Position in the sector
€23.2m
Higher net result than 95% of companies in retail trade. Sector median €43,673 · 396 companies.
Checked score
98
Excellent
Financially stronger than 85% of large companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 84 companies (NACE 47, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%highest value
01-2025: 0.7%● unchanged vs 12-2024highest value
02-2025: 0.7%● unchanged vs 01-2025highest value
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.6 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1993
Liquidity: current ratio 1.24, cash €77.2m
Size: turnover €503.2m, 1,790.7 FTE, total assets €210.3m
Equity €118.7m (56.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, large). It does better than 93% of them on solvency, 99% on liquidity, 62% on profitability and 88% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 321 companies had the same profile as INDITEX BELGIE-INDITEX BELGIQUE has now. Each dot is one company, two years later.
97.5%
were still trading
2.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of INDITEX BELGIE-INDITEX BELGIQUE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 321 companies, not a prediction for INDITEX BELGIE-INDITEX BELGIQUE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,600,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.24 (0.84 in 2025), below the usual 1.5. Short-term debt is 37.3% and cash 36.7% of total assets. 43.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 02-07-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
60 days early
2025
60 days early
2024
61 days early
2023
34 days early
2022
74 days late
2021
76 days late
2020
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 2 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-01-2027 year end31-08-2027 deadline
Board and ownership
and 2 others
- INDITEX 100%annual accounts 31-01-2026
- INDITEX SA consolidatesannual accounts 31-01-2026
Recent changes
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Antwerpen
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Hasselt
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Gent
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Oostende
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INDITEX BELGIE-INDITEX BELGIQUE Brussels | €503.2m | 7.9% | 56.5% | 1,790.7 |
| H & M HENNES & MAURITZ Brussels | €397.9m | 2.8% | 44.3% | 1,318.4 |
| PRIMARK Watermael-Boitsfort | €237.5m | 3.9% | 38.4% | 1,200.8 |
| C&A België Boom | €259.4m | 1.5% | 45.6% | 987.2 |
| ZEEMAN textielSupers Saint-Josse-ten-Noode | €197.5m | 2.7% | 46.7% | 1,386 |
| BESTSELLER STORES BELGIUM Antwerp | €51.9m | 4.9% | 62.7% | 288.4 |
| CONTEXT Evergem | - | - | 53.4% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as INDITEX BELGIE-INDITEX BELGIQUE: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €23m and €172m, founded between 1962 and 2009.
Official details
Source: KBO- Status
- Active since 05-08-1993Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 8 others
- Joint committee
- 311Large retail businesses · annual accounts 31-01-2022
- Establishment units
- 2.063.945.3131000 Brussels, since 15-10-1993
- 2.143.847.2807000 Mons, since 09-12-1993and 70 others
- Financial year end
- 31 January
- Peppol
- Reachable since 20-11-2020
Annual accounts to 31-01-2026
- €210.3m▲ 66.5%
- Employeeson 31-01-2026
- 2,947▲ 26.3%
- Filing
- Filed on 02-07-2026, 60 days before the end of the filing period
Insights on INDITEX BELGIE-INDITEX BELGIQUE
INDITEX BELGIE-INDITEX BELGIQUE has existed since 1993. Turnover grew from €121.0m in 2008 to €503.2m in 2026 and staff from 607.1 to 1,790.7 full-time equivalents.
Turnover has grown every year since 2021. Solvency rose in 2026 from 43.8% to 56.5% because of the retained profit and a capital increase.
INDITEX holds all the shares. In April 2022, the Official Gazette published the appointment of Joris KUIPERS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INDITEX BELGIE-INDITEX BELGIQUE
- What is the company number of INDITEX BELGIE-INDITEX BELGIQUE?
- The company number of INDITEX BELGIE-INDITEX BELGIQUE is 0450.661.802. The VAT number is the same number with BE in front: BE 0450.661.802.
- Where is INDITEX BELGIE-INDITEX BELGIQUE based?
- The registered office is at Wolstraat 68-72, 1000 Brussels.Company details
- What does INDITEX BELGIE-INDITEX BELGIQUE do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of INDITEX BELGIE-INDITEX BELGIQUE?
- INDITEX BELGIE-INDITEX BELGIQUE is a public limited company (NV).
- When was INDITEX BELGIE-INDITEX BELGIQUE founded?
- INDITEX BELGIE-INDITEX BELGIQUE was founded on 05-08-1993.
- Is INDITEX BELGIE-INDITEX BELGIQUE still active?
- Yes, INDITEX BELGIE-INDITEX BELGIQUE is an active enterprise in the KBO register.
- How many employees does INDITEX BELGIE-INDITEX BELGIQUE have?
- INDITEX BELGIE-INDITEX BELGIQUE had an average of 1,790.7 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does INDITEX BELGIE-INDITEX BELGIQUE fall under?
- In its 31-01-2022 annual accounts, INDITEX BELGIE-INDITEX BELGIQUE states joint committee 311 (Large retail businesses).
- What is the turnover of INDITEX BELGIE-INDITEX BELGIQUE?
- The turnover of INDITEX BELGIE-INDITEX BELGIQUE was €503.2m in financial year 2026, according to the filed annual accounts.
- Is INDITEX BELGIE-INDITEX BELGIQUE profitable?
- In financial year 2026, INDITEX BELGIE-INDITEX BELGIQUE made a profit of €23.2m.
- Where can I find the annual accounts of INDITEX BELGIE-INDITEX BELGIQUE?
- INDITEX BELGIE-INDITEX BELGIQUE filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of INDITEX BELGIE-INDITEX BELGIQUE due?
- INDITEX BELGIE-INDITEX BELGIQUE must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
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