ROMATEX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 30 filings
Turnover
≈ €280,000
Estimated: probably between €180,000 and €480,000
Total assets
€80,382▼ 40.0%
2024 · €133,915
Net result
-€38,260▼ 534%
2024 · -€6,034
Working capital
€34,052▼ 52.4%
2024 · €71,517
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€36,540
▼ 799%
2025
20192025
Net result
-€38,260
▼ 534%
2025
lowest quarter of the sector
20192025
Equity
€34,920
▼ 52.3%
2025
middle half of the sector
20192025
Total assets
€80,382
▼ 40.0%
2025
middle half of the sector
20192025
Debt
€45,463
▼ 25.1%
2025
20192025
Working capital
€34,052
▼ 52.4%
2025
middle half of the sector
20192025
Solvency
43.4%
▼ 11.2pp
2025
middle half of the sector
20192025
Current ratio
1.76
▼ 0.43
2025
middle half of the sector
20192025
Return on assets (ROA)
-47.6%
▼ 43.1pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
6
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€19,111-€3,803▼ 80.1%€26,873▲ 607%-€25,866€24,289-€4,063-€36,540▼ 799%
Net result€17,071-€1,965within the sector's middle half▼ 88.5%€25,225above the sector's middle half▲ 13×-€27,691below the sector's middle half€24,824above the sector's middle half-€6,034below the sector's middle half-€38,260below the sector's middle half▼ 534%
Equity€54,890-€56,855within the sector's middle half▲ 3.6%€82,080within the sector's middle half▲ 44.4%€54,389within the sector's middle half▼ 33.7%€79,213within the sector's middle half▲ 45.6%€73,179within the sector's middle half▼ 7.6%€34,920within the sector's middle half▼ 52.3%
Total assets€136,831-€127,457within the sector's middle half▼ 6.9%€160,292within the sector's middle half▲ 25.8%€118,147within the sector's middle half▼ 26.3%€141,139within the sector's middle half▲ 19.5%€133,915within the sector's middle half▼ 5.1%€80,382within the sector's middle half▼ 40.0%
Debt€81,941-€70,602▼ 13.8%€78,212▲ 10.8%€63,758▼ 18.5%€61,926▼ 2.9%€60,736▼ 1.9%€45,463▼ 25.1%
Working capital€53,620-€56,811within the sector's middle half▲ 6.0%€82,316within the sector's middle half▲ 44.9%€53,310within the sector's middle half▼ 35.2%€77,073within the sector's middle half▲ 44.6%€71,517within the sector's middle half▼ 7.2%€34,052within the sector's middle half▼ 52.4%
Solvency40.1%-44.6%within the sector's middle half▲ 4.5pp51.2%within the sector's middle half▲ 6.6pp46.0%within the sector's middle half▼ 5.2pp56.1%within the sector's middle half▲ 10.1pp54.6%within the sector's middle half▼ 1.5pp43.4%within the sector's middle half▼ 11.2pp
Current ratio1.66-1.82within the sector's middle half▲ 0.162.07within the sector's middle half▲ 0.251.85within the sector's middle half▼ 0.222.26within the sector's middle half▲ 0.412.20within the sector's middle half▼ 0.071.76within the sector's middle half▼ 0.43
Return on assets (ROA)12.5%-1.5%within the sector's middle half▼ 10.9pp15.7%above the sector's middle half▲ 14.2pp-23.4%below the sector's middle half▼ 39.2pp17.6%above the sector's middle half▲ 41.0pp-4.5%below the sector's middle half▼ 22.1pp-47.6%below the sector's middle half▼ 43.1pp
Staff (FTE)7-7.3above the sector's middle half▲ 4.3%6.2▼ 15.1%6▼ 3.2%6=6=6=
above
within
below
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €36,540, larger than the loss of €4,063 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,382
Fixed assets
€1,632 ▼ 37.7%
Current assets
€78,750 ▼ 40.0%
Equity and liabilities €80,382
Equity
€34,920 ▼ 52.3%
Debt
€45,463 ▼ 25.1%
Debt's share of the balance-sheet total rises from 45.4% to 56.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€35,554▼
2024 · -€3,080
Cash flow
-€37,274▼
2024 · -€5,051
Quick ratio
1.75▼
2024 · 2.15
Debt to equity
1.30▲
2024 · 0.83
ROE
-109.6%▼
2024 · -8.2%
Interest coverage
-22.67▼
2024 · -1.68
Debt ≤ 1 year
€44,698▼
2024 · €59,780
Income taxes
€152▲
2024 · €142
Staff costs
€126,726▼
2024 · €169,532
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 6 | 6 | 6 |
| full-time | 6 | 6 | 6 | 6 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 6 | 6 | 6 | 6 |
| Average over the year, in full-time equivalents | 6 | 6 | 6 | 6 |
| On a permanent contract | 6 | 6 | 6 | 6 |
| Joined | - | - | - | 0 |
| Left | - | - | - | 0 |
| Training hours | - | - | - | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,663 | €1,988 | €626 | - |
| Depreciation and write-downs of the year | €441 | €1,038 | €983 | €986 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €142,419 | €151,314 | €169,532 | €126,726 | ▼ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,491 | €1,245 | €364 | €441 | €1,038 | €983 | €986 | ▲ 0.3% |
| Other operating charges640/8 | - | - | - | €1,151 | €1,371 | €1,368 | €1,473 | ▲ 7.6% |
| Gross operating margin9900 | €185,687 | €135,707 | €176,161 | €118,144 | €178,012 | €167,820 | €92,645 | ▼ 44.8% |
| Operating profit (loss)9901 | €19,111 | €3,803 | €26,873 | -€25,866 | €24,289 | -€4,063 | -€36,540 | ▼ 799% |
| Financial income75/76B | - | - | - | €115 | €2,442 | €3 | €0 | ▼ 93.5% |
| Recurring financial income75 | €96 | €160 | €13 | €115 | €14 | €3 | €0 | ▼ 93.5% |
| Non-recurring financial income76B | - | - | - | - | €2,428 | €0 | - | - |
| Financial charges65/66B | - | - | - | €1,817 | €1,773 | €1,832 | €1,568 | ▼ 14.4% |
| Recurring financial charges65 | €1,934 | €1,881 | €1,545 | €1,817 | €1,773 | €1,832 | €1,568 | ▼ 14.4% |
| Profit (loss) for the period before taxes9903 | €17,274 | €2,083 | €25,342 | -€27,568 | €24,958 | -€5,892 | -€38,108 | ▼ 547% |
| Income taxes67/77 | €202 | €118 | €117 | €122 | €134 | €142 | €152 | ▲ 6.8% |
| Profit (loss) for the period9904 | €17,071 | €1,965 | €25,225 | -€27,691 | €24,824 | -€6,034 | -€38,260 | ▼ 534% |
| Profit (loss) for the period to be appropriated9905 | €17,071 | €1,965 | €25,225 | -€27,691 | €24,824 | -€6,034 | -€38,260 | ▼ 534% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €136,831 | €127,457 | €160,292 | €118,147 | €141,139 | €133,915 | €80,382 | ▼ 40.0% |
| Fixed assets21/28 | €1,967 | €1,167 | €803 | €2,026 | €2,975 | €2,618 | €1,632 | ▼ 37.7% |
| Tangible fixed assets22/27 | €1,967 | €1,167 | €803 | €2,026 | €2,975 | €2,618 | €1,632 | ▼ 37.7% |
| Plant, machinery and equipment23 | - | - | - | €1,245 | €2,455 | €2,406 | €1,632 | ▼ 32.2% |
| Furniture and vehicles24 | - | - | - | €474 | €307 | €141 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €307 | €213 | €71 | €0 | ▼ 100% |
| Current assets29/58 | €134,864 | €126,290 | €159,489 | €116,122 | €138,164 | €131,297 | €78,750 | ▼ 40.0% |
| Stocks and contracts in progress3 | €29,810 | €30,519 | €31,253 | €2,731 | €3,431 | €2,532 | €741 | ▼ 70.7% |
| Stocks30/36 | - | - | - | €2,731 | €3,431 | €2,532 | €741 | ▼ 70.7% |
| Amounts receivable within one year40/41 | €47,653 | €49,647 | €54,880 | €43,442 | €59,997 | €54,182 | €21,978 | ▼ 59.4% |
| Trade receivables40 | - | - | - | €40,832 | €58,710 | €52,421 | €17,653 | ▼ 66.3% |
| Other amounts receivable41 | - | - | - | €2,610 | €1,287 | €1,760 | €4,325 | ▲ 146% |
| Cash at bank and in hand54/58 | €56,003 | €43,761 | €70,648 | €67,568 | €72,079 | €71,704 | €53,089 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,381 | €2,658 | €2,879 | €2,942 | ▲ 2.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €136,831 | €127,457 | €160,292 | €118,147 | €141,139 | €133,915 | €80,382 | ▼ 40.0% |
| Equity10/15 | €54,890 | €56,855 | €82,080 | €54,389 | €79,213 | €73,179 | €34,920 | ▼ 52.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €81,417 | €81,417 | €81,417 | €81,417 | €81,417 | €81,417 | €81,417 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €75,217 | €75,217 | €75,217 | €75,217 | = |
| Profit (loss) carried forward14 | -€88,527 | -€86,563 | -€61,337 | -€89,028 | -€64,204 | -€70,238 | -€108,498 | ▼ 54.5% |
| Amounts payable17/49 | €81,941 | €70,602 | €78,212 | €63,758 | €61,926 | €60,736 | €45,463 | ▼ 25.1% |
| Amounts payable within one year42/48 | €81,244 | €69,479 | €77,173 | €62,811 | €61,091 | €59,780 | €44,698 | ▼ 25.2% |
| Financial debts43 | - | - | - | €5,847 | €5,864 | €5,866 | €5,860 | ▼ 0.1% |
| Credit institutions430/8 | - | - | - | €5,847 | €5,864 | €5,866 | €5,860 | ▼ 0.1% |
| Trade debts44 | €5,543 | €4,761 | €5,313 | €2,542 | €1,113 | €5,734 | €2,243 | ▼ 60.9% |
| Suppliers440/4 | - | - | - | €2,542 | €1,113 | €5,734 | €2,243 | ▼ 60.9% |
| Taxes, remuneration and social security45 | - | - | - | €25,890 | €30,268 | €30,824 | €21,689 | ▼ 29.6% |
| Taxes450/3 | - | - | - | €11,356 | €14,762 | €14,553 | €8,571 | ▼ 41.1% |
| Remuneration and social security454/9 | - | - | - | €14,534 | €15,507 | €16,271 | €13,118 | ▼ 19.4% |
| Other amounts payable47/48 | - | - | - | €28,533 | €23,846 | €17,356 | €14,907 | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | - | - | €947 | €835 | €956 | €764 | ▼ 20.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,071 | €1,965 | €25,225 | -€27,691 | €24,824 | -€6,034 | -€38,260 | ▼ 534% |
| + Depreciation and write-downs630 | €1,491 | €1,245 | €364 | €441 | €1,038 | €983 | €986 | ▲ 0.3% |
| Operating cash flow (approximation) | €18,562 | €3,210 | €25,589 | -€27,250 | €25,863 | -€5,051 | -€37,274 | ▼ 638% |
| Investment in fixed assets (approximation) | - | -€445 | €0 | -€1,663 | -€1,988 | -€626 | €0 | - |
| Change in cash | - | -€12,241 | €26,887 | -€3,081 | €4,511 | -€375 | -€18,615 | ▼ 4,869% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as ROMATEX has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ROMATEX itself is lower: 0.1% within 12 months. It rests on far more data about ROMATEX than the profile alone.
Test of the method
The method was tested on the 497,446 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 5,831 companies, not a prediction for ROMATEX. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00019888 | |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00015526 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00017133 | |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00004558 | |
| 30-06-2021 | micro format | 11-02-2022 | 2022-05400024 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-04600003 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03100355 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-02500213 | |
| 30-06-2017 | micro format | 05-01-2018 | 2018-00600136 | |
| 30-06-2016 | abbreviated format | 16-12-2016 | 2016-70300437 |