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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

Overview

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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

€534,947▲ 1.7%
≈ €1.3mestimated
€294,241▼ 0.3%
€6.7m▲ 7.2%
€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.

Financials

Annual accounts 2025

full format, filed on 02-07-2026, 29 days before the deadline
€534,947
▲ 1.7%
€416,071
▲ 0.5%
€294,241
▼ 0.3%
€2.1m
▲ 16.8%
81.7%
▲ 1.1 percentage points
14.67
▲ 1.80

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.3m. Estimated: probably between €760,000 and €2.1m.

Balance sheet

balance sheet total €8.2m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

81.7%

Higher than 88% of 865 companies in 2025.

14.67

Higher than 95% of 856 companies in 2025.

3.6%

Higher than 57% of 865 companies in 2025.

Intertex Middle half of the sector 80% of the sector Full accounts in warehousing and transport support (NACE 52)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter

Staff

€64,516

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 8.2m7.7m7.3m6.9m6.7m6.4m6.3m5.9m5.7m5.8m5.2m5.2m4.9m3.7m3.9m4.8m5.1m5.2m3.9m2.6m
21/28 5.9m5.8m5.7m5.6m5.6m5.4m5.5m5.2m5.2m5.4m4.9m4.9m4.8m3.6m3.6m4.6m4.6m4.6m3.3m2.0m
21 88,98788,98788,98788,98788,98788,98788,98788,98788,98788,98788,98788,98788,98788,98788,98788,987----
22/27 1.6m1.6m1.7m1.7m1.7m1.7m1.7m1.7m1.7m1.8m1.8m1.8m1.9m1.7m1.7m2.7m242,947219,125232,076240,556
22 1.6m1.6m1.6m1.6m1.7m1.7m1.7m1.7m1.7m1.7m1.7m1.7m1.7m1.6m1.5m2.6m190,138190,138190,138190,138
23 7,95113,52514,10614,52918,11519,19131,0606,33412,02724,91849,80479,374112,801124,505127,11250,8637,02519,00826,03333,059
24 6,4704,2861,6253,2878,81110,36516,0684941,8083,5612,8025,8224,32421,21133,13934,25745,7849,97915,90517,359
28 4.2m4.0m3.9m3.8m3.8m3.7m3.7m3.4m3.4m3.6m3.0m3.0m2.8m1.8m1.8m1.8m4.4m4.4m3.1m1.8m
29/58 2.2m1.9m1.7m1.4m1.1m947,598778,601719,806523,753417,807329,955261,911167,303102,563306,098210,684535,966600,129618,296553,033
29 475,000475,000475,000475,000475,000475,000475,000300,000300,000257,000----------
291 475,000475,000475,000475,000475,000475,000475,000300,000300,000257,000----------
40/41 158,594134,007158,717156,557101,25489,707124,074129,950110,354105,268132,224110,171113,03853,713278,267124,057205,535180,226378,792368,662
40 158,138134,007158,717156,557101,25489,707124,074129,950110,354105,268131,081102,456107,57853,17277,939117,551190,027152,392108,00461,826
41 456---------1,1427,7155,460541200,3286,50615,50827,834270,788306,836
50/53 1.5m1.2m900,000150,000100,000--------027,51686,424244,716228,863230,000150,000
54/58 139,734138,211121,280577,640420,918382,891179,526289,398113,34546,751189,443142,35439,26548,85031520380,764191,0405,66434,371
490/1 1,120131418727---458538,7888,2899,38615,000---4,951-3,840-
Balance sheet: equity and liabilities
10/49 8.2m7.7m7.3m6.9m6.7m6.4m6.3m5.9m5.7m5.8m5.2m5.2m4.9m3.7m3.9m4.8m5.1m5.2m3.9m2.6m
10/15 6.7m6.2m5.8m5.4m5.2m4.9m4.9m4.4m4.3m4.4m3.9m3.8m3.5m2.3m2.3m2.9m2.8m2.7m2.6m2.5m
10/11 1.8m1.8m1.8m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m64,00064,00064,00064,00064,000
10 1.8m1.8m1.8m1.6m1.6m---------------
100 1.8m1.8m1.8m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m64,00064,00064,00064,00064,000
12 2.6m2.4m2.3m2.2m2.2m2.1m2.1m1.8m1.8m1.9m1.4m1.4m1.2m55,92155,92155,92155,92155,92155,92155,921
13 2.3m2.0m1.7m1.6m1.4m1.2m1.1m1.0m880,919822,447779,019732,415673,468611,585600,8722.7m2.6m2.6m2.5m2.4m
130/1 180,000180,000180,000164,727164,727164,727--------------
130 180,000180,000180,000164,727164,727164,727164,727164,727164,727164,727164,684118,08059,13315,8215,1086,4006,4006,4006,4006,400
132 36,42436,42436,42436,42436,42436,42436,42436,42436,42436,42436,42436,42436,42417,85317,85317,85317,85317,85317,85317,853
133 2.1m1.8m1.5m1.4m1.2m1.0m914,487811,493679,768621,296577,911577,911577,911577,911577,9112.7m2.6m2.6m2.5m2.4m
17/49 1.5m1.5m1.5m1.5m1.4m1.4m1.4m1.5m1.4m1.4m1.4m1.4m1.4m1.4m1.6m2.0m2.4m2.5m1.3m89,128
17 1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.0m1.0m1.0m1.0m650,000185,000-
170/4 1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.2m1.0m1.0m1.0m1.0m650,000185,000-
42/48 152,780150,656163,340129,763115,664111,350110,856128,24790,52889,19147,03681,93686,900315,636608,733924,4991.3m1.7m1.1m58,496
42 ------------------0-
43 -------------262,129542,420880,9461.2m415,000998,250-
439 -------------262,129542,420880,9461.2m415,000998,250-
44 38,14734,43824,71119,27727,13229,00355,99255,60032,65439,62410,76921,35944,25323,01534,21417,22247,31332,12056,16935,254
440/4 38,14734,43824,71119,27727,13229,00355,99255,60032,65439,62410,76921,35944,25323,01534,21417,22247,31332,12056,16935,254
46 87,70391,55685,49170,83473,58466,76148,77342,87626,89122,19113,86636,53037,39323,11522,81417,96413,732-7,213-
45 26,93024,66247,40439,65214,94815,2966,09229,40030,96327,37622,31823,9645,2547,3779,2858,3672,145-4,640-
450/3 26,93024,66247,40439,65214,94815,2966,09229,40030,96327,37622,31823,9645,2547,3779,2858,3672,145-4,640-
47/48 --5,734--291-37120-8383-----1.3m27,77323,242
492/3 137,380143,453147,906157,213119,389126,805127,710132,707131,713118,960144,981110,354117,657107,12727,31728,08489,547106,04936,89830,632
Income statement
76A -------------1,51010,107-----
9900 534,947525,893497,942451,638373,461380,522369,738385,162312,481324,837394,410500,757534,624505,893561,612589,103477,521442,408498,009375,922
62 32,25831,05930,38928,27345,75941,27353,51445,09742,56864,926104,989192,036254,789275,012253,708266,900263,069227,393259,000221,279
630 16,86715,90114,28124,04125,73338,88051,70629,04444,42351,57776,87283,11778,80870,97361,31031,26819,41012,95119,48218,918
631/4 2,757--25,100------1,226---205,758----
640/8 66,99465,00662,44557,25356,12255,94550,80150,04249,10047,85047,42147,72440,56945,14242,82244,12035,95939,55538,82437,586
66A ----------------7,831---
9901 416,071413,927390,827316,971245,847244,423213,717260,978176,389160,485163,902177,880160,458114,766203,752241,057159,083162,509180,70398,139
75/76B 84,00877,25856,35239,78339,75030,68725,09324,9759,8833973141881003696844,92447,18222,36639,38016,020
75 84,00877,25856,35239,78339,75030,68725,09324,9759,8833973141881003696844,92447,18222,36639,38016,020
65/66B 106,68596,64296,52296,69396,90995,96396,28496,22596,23096,17396,35095,11796,627102,187182,559114,68593,51976,92814,976313
65 106,68596,64296,52296,69396,90995,96396,28496,22596,23096,17396,35095,11796,627102,187182,559114,68593,51976,92814,976313
9903 393,394394,543350,657260,061188,688179,147142,526189,72790,04364,71067,86782,95163,93114,45831,984131,296104,915107,947205,107113,846
67/77 99,15399,27589,68866,55646,94245,69039,53258,00331,57021,28221,26324,00520,6183,7455,85938,66239,53739,01162,55431,440
9904 294,241295,268260,969193,505141,746133,457102,994131,72558,47243,42846,60458,94643,31310,71326,12592,63465,37868,936142,55382,406
9905 294,241295,268260,969193,505141,746133,457102,994131,72558,47243,42846,60458,94643,31310,71326,12592,63465,37868,936142,55382,406
Appropriation of the result
9906 294,241295,268260,969193,505141,746133,457102,994131,72558,47243,42846,60458,94643,31310,71326,12592,63465,37868,936142,55382,406
691/2 294,241295,268260,969193,505141,746133,457102,994131,72558,47243,42846,60458,94643,31310,71326,12592,63465,37868,936114,78059,164
6920 ---------4446,60458,94643,31310,713------
6921 294,241295,268260,969193,505141,746133,457102,994131,72558,47243,385----26,12592,63465,37868,936114,78059,164
694/7 -----------------027,77323,242
694 ------------------27,77323,242
Social balance sheet
9087 0.50.50.50.50.80.81.30.80.81.22.13.55.46.3776676
Hours worked1013 8378388488741,1841,1521,6671,3231,2642,0153,3965,7818,97810,28310,03812,06411,0699,65111,6669,992
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 30 older financial years (1976-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 02-07-2026 2026-00238522 PDF
31-12-2024 abbreviated format 28-07-2025 2025-00314139 PDF
31-12-2023 abbreviated format 12-09-2024 2024-00459896 PDF
31-12-2022 abbreviated format 29-08-2023 2023-00367534 PDF
31-12-2021 abbreviated format 09-09-2022 2022-20424860 PDF
31-12-2020 abbreviated format 14-07-2021 2021-34800051 PDF
31-12-2019 abbreviated format 30-07-2020 2020-36400355 PDF
31-12-2018 abbreviated format 09-09-2019 2019-63500549 PDF
31-12-2017 abbreviated format 19-07-2018 2018-34400194 PDF
31-12-2016 abbreviated format 14-07-2017 2017-30900112 PDF
31-12-2015 abbreviated format 03-09-2016 2016-57600018 PDF
31-12-2014 abbreviated format 06-07-2015 2015-26500073 PDF
31-12-2013 abbreviated format 23-09-2014 2014-59300072 PDF
31-12-2012 abbreviated format 14-06-2013 2013-17600236 PDF
31-12-2011 abbreviated format 28-06-2012 2012-22800462 PDF
31-12-2010 abbreviated format 22-06-2011 2011-19500017 PDF
31-12-2009 abbreviated format 16-07-2010 2010-31800031 PDF
31-12-2008 abbreviated format 27-05-2009 2009-17400253 PDF
31-12-2007 abbreviated format 12-06-2008 2008-23200349 PDF
31-12-2006 abbreviated format 20-08-2007 2007-58900199 PDF
31-12-2005 abbreviated format 06-06-2006 2006-20200081 PDF
31-12-2004 abbreviated format 09-06-2005 2005-23301273 PDF
31-12-2003 abbreviated format 21-06-2004 2004-28203812 PDF
31-12-2002 abbreviated format 03-07-2003 2003-38500956 PDF
31-12-2001 abbreviated format 22-05-2002 2002-13504484 PDF
31-12-2000 abbreviated format 15-05-2001 2001-12703159 PDF
31-12-1999 abbreviated format 23-10-2000 2000-67201972 PDF
31-12-1998 abbreviated format 01-06-1999 1999-13203714 PDF
31-12-1997 abbreviated format 18-05-1998 1998-10100529 PDF
31-12-1996 abbreviated format 21-05-1997 1997-08405054 PDF
31-12-1995 abbreviated format 31-05-1996 1996-11402865 PDF
31-12-1994 abbreviated format 20-06-1995 1995-26300496 PDF
31-12-1993 abbreviated format 10-06-1994 1994-14004890 PDF
31-12-1992 abbreviated format 28-05-1993 1993-09002364 PDF
31-12-1991 abbreviated format 05-06-1992 1992-09000664 PDF
31-12-1990 abbreviated format 23-05-1991 1991-06001884 PDF
31-12-1989 abbreviated format 07-06-1990 1990-07301699 PDF
31-12-1988 abbreviated format 16-06-1989 1989-08904859 PDF
31-12-1987 abbreviated format 25-05-1988 1988-04604472 PDF
31-12-1986 abbreviated format 09-06-1987 1987-08803436 PDF
31-12-1985 abbreviated format 20-06-1986 1986-17001654 PDF
31-12-1984 full format 28-06-1985 1985-17902301 PDF
31-12-1983 unclassified schema 05-07-1984 1984-09201730 PDF
31-12-1982 unclassified schema 22-06-1983 1983-06501932 PDF
31-12-1981 unclassified schema 02-07-1982 1982-08000841 PDF
31-12-1980 unclassified schema 04-06-1981 1981-04202130 PDF
31-12-1979 unclassified schema 09-06-1980 1980-04600510 PDF
31-12-1978 unclassified schema 21-06-1979 1979-06002353 PDF
31-12-1977 unclassified schema 09-02-1979 1979-00600274 PDF
31-12-1976 unclassified schema 09-02-1979 1979-00600272 PDF

Subsidies and aid

Flemish government 2022 to 2024, 2 entries, €209 awarded, €95 paid

Year Entries AwardedPaid
2024 1 €171€57
2022 1 €38€38

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
432,938429,828405,108341,012271,580283,304265,423290,022220,812212,062240,774260,997239,266185,739265,062272,325178,493175,460200,185117,057
311,108311,169275,250217,546167,479172,338154,700160,769102,89595,005123,476142,063122,12181,68687,435123,90284,78881,887162,035101,324
5,31010,8144,0299,02915,6842,90473,5183,430-171,21123,28855,15935,18739,17571,934310,685152,56548,8321.3m1.3m51,634
1,52316,931-456,360156,72238,027203,365-109,871176,05266,594-142,69247,089103,089-9,58548,535112-80,561-110,276185,376-28,707-
2.1m1.8m1.5m1.2m981,508836,248667,744591,559433,225328,616282,920179,97580,403-213,073-302,635-713,815-761,418-1.1m-475,749494,537
81.7%80.6%79.3%78.5%78.4%77.5%77.2%75.2%75.1%75.8%73.5%73.0%71.5%61.9%58.5%59.4%53.6%52.0%66.6%96.6%
14.6712.8710.1310.489.498.517.025.615.794.687.013.201.930.320.500.230.410.350.579.45
0.220.240.260.270.270.290.290.330.330.320.360.370.400.610.710.680.860.920.500.04
4.4%4.7%4.5%3.6%2.7%2.7%2.1%3.0%1.4%1.0%1.2%1.6%1.2%0.5%1.1%3.2%2.4%2.6%5.4%3.3%
3.6%3.8%3.6%2.8%2.1%2.1%1.6%2.2%1.0%0.7%0.9%1.1%0.9%0.3%0.7%1.9%1.3%1.3%3.6%3.2%
4.064.454.203.532.80---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date11111
part-time11111
in full-time equivalents0.50.50.50.50.5
0.50.50.50.50.8
On a permanent contract11111
Joined----1
Left----1

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€5,310€10,814€4,029€9,029€15,684
€16,867€15,901€14,281€24,041€25,733

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Intertex

The operating result for 2025 is 1% higher than in 2024 and the highest since 2006. It is the sixth rise in a row, after the fall in 2019.

Debt's share of the balance-sheet total falls from 19.4% to 18.3%. Equity is higher and debt is lower.

Board & ownership

Board

4 directors, 2 in day-to-day management, last change in 2024
Director and managing director
director appointed by deed of 07-03-2024 managing director in office according to the deed of 04-07-2023
also on the board of 2 other companies
Director
appointed by deed of 07-03-2024
also on the board of 1 other company
Director and managing director
director appointed by deed of 07-03-2024 managing director in office according to the deed of 04-07-2023
also on the board of 1 other company
Director
appointed by deed of 07-03-2024
also on the board of 1 other company

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
Distrilin NV
Day-to-day manager
Kubema NV
Day-to-day manager
LeadershipBoardEarliermandate already running before its first mention
Mandates as a list
  • DEFRANCQ Ludovic Maurice Oscar
    • Managing director, since before 04-07-2023
    • Managing director, from before 04-07-2023 to 07-03-2024
    • Managing director, since before 07-03-2024
  • DEFRANCQ Stéphane Lionel Jean
    • Director, since before 04-07-2023
  • DEFRANCQ Vincent Germain Romain
    • Managing director, since before 04-07-2023
    • Managing director, from before 04-07-2023 to 07-03-2024
    • Managing director, since before 07-03-2024
  • Olivier Defrancq
    • Director, since before 04-07-2023
  • Distrilin NV
    • Day-to-day manager, until 24-03-2021
  • Kubema NV
    • Day-to-day manager, until 24-03-2021

See the board, name and registered office on a given date →

Control

Capital

Capital
€1,800,000
Shares
500
Contribution per share
€3,600
Equity per share
€13,338 in 2025
Source
deed of 07-03-2024

Articles of association

deed of 07-03-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Algemene vergadering kan opvolger benoemen, indien slechts één bestuurder benoemd kan vennootschap door enkele bestuurder worden bestuurd”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of May at 14:00

Network & group

Holdings

own 2020 accounts, the bar shows equity in euros
This companyIntertex1 holding, 1 country 2020 accounts

Belgium 1 Equity Result

  • BE STORAL €4.4m result €160,285

Source: list of holdings in its own 2020 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

At the same address

Industrielaan 24, 8520 Kuurne · 4 other companies
STORAL
registered office since 08-01-1990 · founded in 1989
total assets €4.9m (2026)
0439.435.833
BONBON JUNIOR
registered office since 01-10-2003 · founded in 2003
3 FTE (2025)
0860.603.596
Blijf Actief
registered office since 22-07-2013 · founded in 2013
1 FTE (2019)
0536.848.577
Simply Rent Belgium
establishment since 01-04-2026 · founded in 2006
total assets €297,613 (2025)
0880.231.349

Holdings through the years

2006 to 2020
Holdings through the years
Name200620072008200920102011201220132014201520162017201820192020
STORAL 99%100%
TERAL 51%100%

Source: list of holdings in its own accounts

Connections & network

3 connected companies
Linked via shared directors
STORAL
Founded in 1989 · total assets €4.9m (2026)
→
FIBRAL
via DEFRANCQ Stéphane Lionel Jean · Sole director · deed of 03-02-2021
Founded in 1977 · 1 FTE (2025)
→
DISTRILIN
via DEFRANCQ Ludovic Maurice Oscar · Sole director · deed of 02-06-2026
Founded in 1975 · total assets €836,413 (2025)
→

Timeline

Timeline

61 events since 1969

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 29 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 3 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0406853038
2024
Highest result from 2006 to 2025 net €295,268 ▲13.1% The net result of €295,268 is the highest of those years.
Annual accounts 2023 filed PDFabbreviated format · 43 days late
Capital increase of €152,727.96 to €1,800,000Capital 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 14-12-202313 points ▸

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFabbreviated format · 29 days late
4 directors reappointedLudovic Defrancq (managing director), Vincent Defrancq (managing director), Stéphane Defrancq and Olivier Defrancq · General meeting of 13-05-20235 points ▸
  • General meeting, 13-05-2023
  • Director reappointment, Ludovic Defrancq (managing director)
  • Director reappointment, Vincent Defrancq (managing director)
  • Director reappointment, Stéphane Defrancq
  • Director reappointment, Olivier Defrancq

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFabbreviated format · 40 days late
2021
Equity above €5m equity €5.2m ▲5.4% Equity rises from €4.9m to €5.2m.
Annual accounts 2020 filed PDFabbreviated format · 17 days before the deadline
Resignations: Distrilin NV (day-to-day manager) and Kubema NV (day-to-day manager)General meeting of 03-12-20203 points ▸
  • General meeting, 03-12-2020
  • Director resignation, Distrilin NV (day-to-day manager)
  • Director resignation, Kubema NV (day-to-day manager)

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFabbreviated format · 1 day before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 40 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 12 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 17 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 34 days late
2015
Liquidity more than doubled current ratio 7.01 The current ratio rises from 3.20 to 7.01. Short-term debt falls from €81,936 to €47,036.
Annual accounts 2014 filed PDFabbreviated format · 25 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 54 days late
2013
Liquidity more than 5 times current ratio 1.93 The current ratio rises from 0.32 to 1.93. Short-term debt falls from €315,636 to €86,900.
Annual accounts 2012 filed PDFabbreviated format · 47 days before the deadline
2012
Weakest financial year net €10,713 ▼59% The net result drops to €10,713, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2011 filed PDFabbreviated format · 33 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 39 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 15 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 65 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 49 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 20 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Annual accounts 1987 filed PDFabbreviated format
1987
Annual accounts 1986 filed PDFabbreviated format
1986
Annual accounts 1985 filed PDFabbreviated format
1985
Annual accounts 1984 filed PDFfull format
1984
Annual accounts 1983 filed PDFunclassified schema
1983
Annual accounts 1982 filed PDFunclassified schema
1982
Annual accounts 1981 filed PDFunclassified schema
1981
Annual accounts 1980 filed PDFunclassified schema
1980
Annual accounts 1979 filed PDFunclassified schema
1979
Annual accounts 1978 filed PDFunclassified schema
Annual accounts 1976 filed PDFunclassified schema
Annual accounts 1977 filed PDFunclassified schema
1969
Incorporation KBO
First establishment Industrielaan 24, Kuurne

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Intertex was incorporated on 9 September 1969.1 In 2024 the capital was increased by €152,728 to €1.8m.2 Total assets rose from €5.9m in 2018 to €8.2m in 2025 and headcount from 0.8 to 0.5 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-03-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0406.853.038
VAT number
BE 0406.853.038
Peppol ID
0208:0406853038
Other Peppol ID
9925:BE0406853038
LEI code
984500A0SFCF69977L89 live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
09-09-1969
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of May at 14:00
deed of 07-03-2024 (in Dutch)
Peppol
Reachable since 26-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Intertex in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 07-03-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 07-03-2024 (in Dutch)

Activities

NACEBEL 2025
VAT activities
52100 Warehousing and storage main activity
Social security (RSZ) activities
52100 Warehousing and storage main activity
Codes under NACEBEL 2008
VAT activities
52100 Warehousing and support activities for transportation main activity
13100 Manufacture of textiles
82990 Other business support services
Social security (RSZ) activities
52100 Warehousing and support activities for transportation main activity
Codes under NACEBEL 2003
VAT activities
17140 main activity
Social security (RSZ) activities
63122 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Industrielaan 24 registered office 8520 Kuurne 01-09-1969 2.002.732.076

Buildings and parcels at the address

Ground area
2.4 ha
Buildings
1.8 ha
Volume, LiDAR
125,302 m³
Tallest building
8.9 m
Buildings to scale, each on its own parcel
1.8 ha, 8.9 m 1.8 ha, 8.9 m

Location

registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34023A0394/00H0002.4 ha 1 · 1.8 ha 8.9 m · 2