KNITTEX
ActiveKNITTEX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €25k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-46
Solvency20▼-2
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 1.09 in 2024), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
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
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
12.9%
Return on assets
1.4%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 174 sector peers (2025).
NBB · sector comparisonPosition among 174 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-04-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
14 d early
2023
43 d early
2022
22 d early
2021
99 d early
2020
10 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€231k▲ 12.0%
2024 · €206k
2018: €338k
2019: €344k
2020: €213k
2021: €232k
2022: €260k
2023: €276k
2024: €206k
2018 → 2025
Total assets
€1.79M▲ 17.4%
2024 · €1.52M
2018: €1.63M
2019: €1.77M
2020: €1.77M
2021: €1.63M
2022: €1.60M
2023: €1.51M
2024: €1.52M
2018 → 2025
Net result
€25k▼ 69.2%
2024 · €80k
2018: €37k
2019: €6k
2020: €-131k
2021: €19k
2022: €28k
2023: €16k
2024: €80k
2018 → 2025
Working capital
€-15k
2024 · €113k
2018: €128k
2019: €314k
2020: €122k
2021: €133k
2022: €159k
2023: €171k
2024: €113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€232k-€260k▲ 11.9%€276k▲ 6.1%€206k▼ 25.3%€231k▲ 12.0%
Operating result€46k-€205▼ 99.6%€75k▲ 36,572%€173k▲ 130%€84k▼ 51.4%
Net result€19k-€28k▲ 41.5%€16k▼ 42.7%€80k▲ 407%€25k▼ 69.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€264k▲ 109%
Current assets
€1.53M▲ 9.1%
Equity and liabilities €1.79M
Equity
€231k▲ 12.0%
Debt
€1.56M▲ 18.2%
The debt ratio rises from 86.5% to 87.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€141k▼
2024 · €209k
Cash flow
€82k▼
2024 · €116k
Solvency
12.9%▼
2024 · 13.5%
Current ratio
0.99▼
2024 · 1.09
Quick ratio
0.51▼
2024 · 0.57
Debt / equity
6.76▲
2024 · 6.41
ROE
10.7%▼
2024 · 39.0%
ROA
1.4%▼
2024 · 5.3%
Interest coverage
2.25▼
2024 · 2.59
Debt
€1.56M▲
2024 · €1.32M
Debt ≤ 1 year
€1.54M▲
2024 · €1.29M
Debt > 1 year
€19k▼
2024 · €33k
Income taxes
€6k▼
2024 · €6k
Staff costs
€237k▲
2024 · €192k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.79M▲
Fixed assets21/28€126k€264k▲
Intangible fixed assets21€60k€41k▼
Tangible fixed assets22/27€65k€222k▲
Land and buildings22€4k€63k▲
Plant, machinery and equipment23€34k€138k▲
Furniture and vehicles24€24k€19k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€1k€1k▲
Current assets29/58€1.40M€1.53M▲
Stocks and contracts in progress3€662k€733k▲
Stocks30/36€662k€733k▲
Amounts receivable within one year40/41€506k€733k▲
Trade receivables40€457k€548k▲
Other amounts receivable41€49k€185k▲
Cash at bank and in hand54/58€228k€55k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.79M▲
Equity10/15€206k€231k▲
Contributions10/11€125k€125k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€68k€93k▲
Amounts payable17/49€1.32M€1.56M▲
Amounts payable after more than one year17€33k€19k▼
Financial debts170/4€33k€19k▼
Amounts payable within one year42/48€1.29M€1.54M▲
Current portion of amounts payable after more than one year42€22k€8k▼
Financial debts43€450k€600k▲
Credit institutions430/8€450k€600k▲
Trade debts44€658k€922k▲
Suppliers440/4€658k€922k▲
Taxes, remuneration and social security45€5k€8k▲
Remuneration and social security454/9€5k€8k▲
Other amounts payable47/48€150k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€192k€237k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€57k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€404k€384k▼
Operating profit (loss)9901€173k€84k▼
Financial income75/76B€23k€9k▼
Recurring financial income75€23k€9k▼
Financial charges65/66B€110k€63k▼
Recurring financial charges65€81k€63k▼
Non-recurring financial charges66B€29k-
Profit (loss) for the period before taxes9903€86k€30k▼
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€80k€25k▼
Profit (loss) for the period to be appropriated9905€80k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€93k▼
Profit (loss) brought forward from the previous period14P€58k€68k▲
Transfer from equity791/2€80k-
Profit to be distributed694/7€150k-
Return on contributions (dividend)694€150k-
Social balance
Average headcount (FTE)90873.0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €80k ▲407%
Operating result €173k, net result €80k, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
30-09
Financial
Weakest financial yearnet €-131k ▼2312%
Net result drops to €-131k, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
DE POORTER naamloze vennootschap
CurrentDirector · since 12-12-2023 · Public limited company · perm. rep.: Geert De Poorter
Frederik DE POORTER
CurrentDirector · since 12-12-2023
12-12-2023
DE POORTER naamloze vennootschap: Appointed as Director
12-12-2023
Frederik DE POORTER: Appointed as Director
Location & real-estate footprint
Registered office, Gavere · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Legen Heirweg 499890 GavereGround area
4,140 m²
Building footprint
2,342 m²
Volume, LiDAR
15,830 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Elooistraat 5, 9820 Merelbeke-Melle
since 20022.114.609.106
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44003A0198/00K000 | Flanders | 3,368 m² | 1 · 2,186 m² | 8.9 m · 2 fl. |
| 44412B0667/00E000 | Flanders | 772 m² | 1 · 156 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 to 2025 · 9 entries · 43,381 EUR awarded · 43,381 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,894 EUR | 7,894 EUR |
| 2024 | 2 | 10,779 EUR | 11,903 EUR |
| 2023 | 3 | 19,047 EUR | 17,923 EUR |
| 2022 | 3 | 5,661 EUR | 5,661 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Breigoederen M.T.
BE 0411.633.158
Sint-Niklaas · Eq €223k
KNITTO
BE 0890.091.794
Vorst · Eq €179k
BREIGOEDEREN LIVIAN
BE 0407.028.628
Beveren-Kruibeke-Zwijndrecht · Eq €369k
SABESS
BE 0437.254.917
Sint-Niklaas · Eq €99k
COUSY
BE 0407.925.877
Zottegem · Eq €619k
Of 84 companies in sector 13910 we hold annual accounts for 20. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2002
Fiscal year end30-09
Activities, NACEBEL
13910Manufacture of textiles
14100Manufacture of wearing apparel
14390Manufacture of wearing apparel
17720
14310Manufacture of wearing apparel
46412Wholesale of household textiles and bedding
51410
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.