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Intertex

Active Public limited companyfounded 1969active for 57 yearsIndustrielaan 24, 8520 KuurneKBO/BCE: BE 0406.853.038 #8 oldest company in West Flanders, Warehousing and transport support sector

Lifetime

20 annual accounts with figures on one time axis, 50 filings since 1976
peak €589,103 (2010)
€534,947▲ 1.7%
peak €295,268 (2024)
€294,241▼ 0.3%
peak €6.7m (2025)
€6.7m▲ 7.2%
€1.5m▼ 0.3%
peak 7 FTE (2007)
0.5 FTEunchanged
Board6 names since 2021
4 directorsDEFRANCQ Ludovic Maurice Oscar and 3 others
Documentsfilings and deeds
02-07-202629 days before the deadline
2025financial year
Investments €161,599

Key points

from the 2025 annual accounts

Equity

€6.7m ▲ 7.2%

Intertex has made a profit in every financial year since 2006.

Staff

0.5 FTE from 7 in 2007

Between 2007 and 2025, 93% of the full-time equivalents disappeared.

Filings

50 annual accounts since 1976
AprilJune31 JulyOctober1980199520102025

Four of the last ten came late. The 2023 accounts came latest: 43 days after the end of the period.

Checked score

90
Excellent
Financially stronger than 58% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.3%▼ -0.1 percentage points vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

100=equity 81.7% of total assets
52=short-term debt 1.9% · cash 1.7%
57-4return on assets 3.6%

Score breakdown

raises risk
Liquidity: current ratio 14.67, cash €139,734
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Size: 0.5 FTE, total assets €8.2m
Founded in 1969
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 52, micro). It does better than 89% of them on solvency, 54% on liquidity, 34% on profitability and 53% on growth.

The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.

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).

Credit verdict

Credit of up to €600,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 14.67 (12.87 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 1.7% of total assets. 18.3% 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 14.67, cash €139,734
NBB · annual accounts
lowers risk · Size: 0.5 FTE, total assets €8.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
lowers risk · Founded in 1969
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
3 days early
2023
43 days late
2022
29 days late
2021
40 days late
2020
17 days early
2019
1 day 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 9 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0406853038
Capital increase of €152,727.96 to €1,800,000 Capital from €1,647,272.04 to €1,800,000 · Changes of role: DEFRANCQ Ludovic Maurice Oscar (director) and DEFRANCQ Vincent Germain Romain (director) · Appointments: DEFRANCQ Stéphane Lionel Jean (director) and DEFRANCQ Olivier (director) · General meeting of 14-12-2023 · Gazette deed
4 directors reappointed Ludovic Defrancq (managing director), Vincent Defrancq (managing director), Stéphane Defrancq and Olivier Defrancq · General meeting of 13-05-2023 · Gazette deed
Resignations: Distrilin NV (day-to-day manager) and Kubema NV (day-to-day manager) General meeting of 03-12-2020 · Gazette deed
All 61 events

Comparable companies

same main activity, similar in size and age
Company
Intertex Kuurne €8.2m €0.5m 81.7% 0.5
Goeters - Ars et Labor Lokeren €6.8m €0.6m 67.3% 1
MC Technics & Services Dendermonde €7.3m €0.6m 1.7% 0
Etablissements Luc Mauroy Eghezée €8.7m €0.8m 36.6% 2.1
Immobilière Bollinckx Brussels €9.2m €1.1m 48.4% 2
KLAUS BAUM LOGISTIK Eupen €5.3m €0.8m 15.6% 1.6
JM VASTGOED Lier €4.2m €0.4m 9.3% 0

These companies have the same main activity as Intertex: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €4.2m and €9.2m, founded between 1975 and 1990.

Official details

Source: KBO
Status
Active since 09-09-1969Normal situation
Activity
Warehousing and storageNACE 52100and 2 others
Establishment unit
2.002.732.0768520 Kuurne, since 01-09-1969
Financial year end
31 December
Peppol
Reachable since 26-06-2025
Company details

Annual accounts 2025

≈ €1.3mestimated
€8.2m▲ 5.8%
Employeeson 31-12-2025
1=
Filing
Filed on 02-07-2026, 29 days before the end of the filing period
Financials

Insights on Intertex

Intertex has existed since 1969. The gross margin grew from €375,922 in 2006 to €534,947 in 2025, while staff fell from 6 to 0.5 full-time equivalents.

The gross margin has grown every year since 2021.

In March 2024, the Official Gazette published the appointment of DEFRANCQ Ludovic Maurice Oscar 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 Intertex

What is the company number of Intertex?
The company number of Intertex is 0406.853.038. The VAT number is the same number with BE in front: BE 0406.853.038.
Where is Intertex based?
The registered office is at Industrielaan 24, 8520 Kuurne.Company details
What does Intertex do?
According to the KBO register, the main activity is warehousing and storage (NACE 52100).
What is the legal form of Intertex?
Intertex is a public limited company (NV).
When was Intertex founded?
Intertex was founded on 09-09-1969.
Is Intertex still active?
Yes, Intertex is an active enterprise in the KBO register.
How many employees does Intertex have?
Intertex had an average of 0.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Intertex?
The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €534,947 and 2,275 comparable companies of the same size. It probably lies between €760,000 and €2.1m. It is a rough estimate.
Is Intertex profitable?
In financial year 2025, Intertex made a profit of €294,241.
Where can I find the annual accounts of Intertex?
Intertex filed 50 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Intertex due?
Intertex must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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