LIETEX
ActiveSummary
LIETEX has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€179,511) and a net result of €21,748. Equity is growing by ~3.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+11
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.35 in 2023; short-term debt: 217% and cash: 1.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-119.7%
Return on assets
14.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
26 d late
2022
17 d late
2021
29 d late
2020
22 d early
2019
27 d late
← 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 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 check 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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 2024, abbreviated schema
Equity
-€179,511▲ 10.8%
2023 · -€201,259
Total assets
€149,914▼ 8.9%
2023 · €164,606
Net result
€21,748▲ 132%
2023 · €9,388
Working capital
-€208,968▲ 11.7%
2023 · -€236,615
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,733€15,134▼ 47.3%€1,927▼ 87.3%€13,162▲ 583%€25,939▲ 97.1%
Net result€20,256within the sector's middle half€7,602within the sector's middle half▼ 62.5%-€2,713below the sector's middle half€9,388within the sector's middle half€21,748within the sector's middle half▲ 132%
Equity-€215,537below the sector's middle half▲ 8.6%-€207,934below the sector's middle half▲ 3.5%-€210,647below the sector's middle half▼ 1.3%-€201,259below the sector's middle half▲ 4.5%-€179,511below the sector's middle half▲ 10.8%
Total assets€92,348below the sector's middle half▲ 56.8%€162,858below the sector's middle half▲ 76.4%€165,160below the sector's middle half▲ 1.4%€164,606below the sector's middle half▼ 0.3%€149,914below the sector's middle half▼ 8.9%
Debt€307,885▲ 4.5%€370,792▲ 20.4%€375,807▲ 1.4%€365,865▼ 2.6%€329,425▼ 10.0%
Working capital-€226,109below the sector's middle half▲ 12.6%-€260,542below the sector's middle half▼ 15.2%-€256,541below the sector's middle half▲ 1.5%-€236,615below the sector's middle half▲ 7.8%-€208,968below the sector's middle half▲ 11.7%
Solvency-233.4%below the sector's middle half▲ 167.1pp-127.7%below the sector's middle half▲ 105.7pp-127.5%below the sector's middle half▲ 0.1pp-122.3%below the sector's middle half▲ 5.3pp-119.7%below the sector's middle half▲ 2.5pp
Current ratio0.24below the sector's middle half▲ 0.160.25below the sector's middle half=0.30below the sector's middle half▲ 0.050.35below the sector's middle half▲ 0.050.36below the sector's middle half▲ 0.01
Return on assets (ROA)21.9%above the sector's middle half▲ 102.6pp4.7%within the sector's middle half▼ 17.3pp-1.6%below the sector's middle half▼ 6.3pp5.7%within the sector's middle half▲ 7.3pp14.5%above the sector's middle half▲ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 97% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149,914
Fixed assets
€33,520 ▼ 15.2%
Current assets
€116,394 ▼ 6.9%
Key figures and ratios
EBITDA
€43,672▲
2023 · €32,029
Cash flow
€39,481▲
2023 · €28,255
Quick ratio
0.09▼
2023 · 0.10
Debt to equity
-1.84▼
2023 · -1.82
Interest coverage
10.14▲
2023 · 7.19
Debt ≤ 1 year
€325,362▼
2023 · €361,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,795 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7,100 | €1,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,730 | €19,999 | €19,849 | €18,867 | €17,733 | ▼ 6.0% |
| Other operating charges640/8 | - | €971 | €855 | €1,055 | €1,025 | ▼ 2.8% |
| Gross operating margin9900 | €47,441 | €36,104 | €22,631 | €33,084 | €44,697 | ▲ 35.1% |
| Operating profit (loss)9901 | €28,733 | €15,134 | €1,927 | €13,162 | €25,939 | ▲ 97.1% |
| Financial income75/76B | - | €422 | €56 | €681 | €118 | ▼ 82.7% |
| Recurring financial income75 | €161 | €422 | €56 | €681 | €118 | ▼ 82.7% |
| Financial charges65/66B | - | €4,769 | €4,695 | €4,455 | €4,309 | ▼ 3.3% |
| Recurring financial charges65 | €8,639 | €4,769 | €4,695 | €4,455 | €4,309 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €20,256 | €10,786 | -€2,713 | €9,388 | €21,748 | ▲ 132% |
| Income taxes67/77 | - | €3,184 | - | - | - | - |
| Profit (loss) for the period9904 | €20,256 | €7,602 | -€2,713 | €9,388 | €21,748 | ▲ 132% |
| Transfer from tax-exempt reserves789 | - | €29,826 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €20,256 | €37,428 | -€2,713 | €9,388 | €21,748 | ▲ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92,348 | €162,858 | €165,160 | €164,606 | €149,914 | ▼ 8.9% |
| Fixed assets21/28 | €19,073 | €76,169 | €57,249 | €39,552 | €33,520 | ▼ 15.2% |
| Tangible fixed assets22/27 | €18,073 | €75,169 | €56,249 | €38,552 | €32,520 | ▼ 15.6% |
| Plant, machinery and equipment23 | - | €45,984 | €34,069 | €23,377 | €24,294 | ▲ 3.9% |
| Furniture and vehicles24 | - | €29,185 | €22,180 | €15,175 | €8,227 | ▼ 45.8% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €73,275 | €86,689 | €107,911 | €125,054 | €116,394 | ▼ 6.9% |
| Stocks and contracts in progress3 | €58,358 | €74,486 | €89,359 | €89,055 | €87,501 | ▼ 1.7% |
| Stocks30/36 | - | €74,486 | €89,359 | €89,055 | €87,501 | ▼ 1.7% |
| Amounts receivable within one year40/41 | €10,489 | €6,094 | €15,715 | €32,656 | €25,625 | ▼ 21.5% |
| Trade receivables40 | - | €4,867 | €8,084 | €25,825 | €16,957 | ▼ 34.3% |
| Other amounts receivable41 | - | €1,227 | €7,632 | €6,831 | €8,668 | ▲ 26.9% |
| Cash at bank and in hand54/58 | €3,782 | €4,302 | €1,899 | €2,226 | €2,914 | ▲ 30.9% |
| Deferred charges and accrued income490/1 | - | €1,807 | €937 | €1,117 | €355 | ▼ 68.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92,348 | €162,858 | €165,160 | €164,606 | €149,914 | ▼ 8.9% |
| Equity10/15 | -€215,537 | -€207,934 | -€210,647 | -€201,259 | -€179,511 | ▲ 10.8% |
| Contributions10/11 | €321,022 | €375,651 | €375,651 | €375,651 | €375,651 | = |
| Capital10 | - | €321,022 | €321,022 | €321,022 | €321,022 | = |
| Issued capital100 | - | €321,022 | €321,022 | €321,022 | €321,022 | = |
| Outside capital11 | - | €54,628 | €54,628 | €54,628 | €54,628 | = |
| Share premium1100/10 | - | €54,628 | €54,628 | €54,628 | €54,628 | = |
| Reserves13 | €396,936 | €367,110 | €367,110 | €367,110 | €367,110 | = |
| Non-distributable reserves130/1 | - | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Legal reserve130 | - | €17,353 | €17,353 | €17,353 | €17,353 | = |
| Distributable reserves133 | - | €349,757 | €349,757 | €349,757 | €349,757 | = |
| Profit (loss) carried forward14 | -€988,123 | -€950,695 | -€953,407 | -€944,019 | -€922,271 | ▲ 2.3% |
| Amounts payable17/49 | €307,885 | €370,792 | €375,807 | €365,865 | €329,425 | ▼ 10.0% |
| Amounts payable after more than one year17 | - | €19,301 | €7,111 | - | - | - |
| Financial debts170/4 | - | €19,301 | €7,111 | - | - | - |
| Amounts payable within one year42/48 | €299,384 | €347,232 | €364,452 | €361,669 | €325,362 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €12,190 | €12,190 | €7,111 | - | - |
| Trade debts44 | €12,749 | €45,240 | €63,137 | €75,119 | €56,227 | ▼ 25.1% |
| Suppliers440/4 | - | €45,240 | €63,137 | €75,119 | €56,227 | ▼ 25.1% |
| Taxes, remuneration and social security45 | - | €7,766 | €5,224 | €3,910 | €2,737 | ▼ 30.0% |
| Taxes450/3 | - | €7,766 | €5,224 | €3,910 | €2,737 | ▼ 30.0% |
| Other amounts payable47/48 | - | €282,036 | €283,900 | €275,529 | €266,398 | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | €4,260 | €4,245 | €4,196 | €4,063 | ▼ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,256 | €7,602 | -€2,713 | €9,388 | €21,748 | ▲ 132% |
| + Depreciation and write-downs630 | €17,730 | €19,999 | €19,849 | €18,867 | €17,733 | ▼ 6.0% |
| Operating cash flow (approximation) | €37,986 | €27,601 | €17,136 | €28,255 | €39,481 | ▲ 39.7% |
| Investment in fixed assets (approximation) | - | -€77,095 | -€929 | -€1,169 | -€11,702 | ▼ 901% |
| Change in cash | - | €521 | -€2,403 | €326 | €688 | ▲ 111% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €21,748 ▲132%
Net result €21,748, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €9,388
Net result €9,388 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €20,256
Net result €20,256 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€47,523
Net result drops to -€47,523, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 24 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 1980
Ground area
5,365 m²
Building footprint
164 m²
Volume, LiDAR
392 m³
Parcel 41015A0116/00G000, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Gentsesteenweg 362, 9420 Erpe-Mere
since 19802.018.507.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41015A0116/00G000 | Flanders | 5,365 m² | 1 · 164 m² | 3.6 m · 1 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.
Similar companies · same sector and region
GROEP LIEVENS
BE 0504.925.778
Erpe-Mere
MARNA
BE 0430.137.095
Erpe-Mere
SENZA
BE 0862.920.116
Erpe-Mere
A EN B MODE
BE 0464.590.606
Assenede
ADMINBURO
BE 0429.994.664
Lede
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,271 companies in sector 47512 we hold annual accounts for 581. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-07-1980
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420538253
Also
9925:BE0420538253
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.