Satinex

Active

Public limited companyfounded 1956active for 70 yearsTransvaalstraat 3, 8793 Waregem, BelgiumKBO/BCE: BE 0405.441.687

Summary

Satinex has been active since 1956 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€677. Equity is growing by about 4% per year across the filed financial years. Its solvency ranks better than 95% of 194 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

SatinexActiveChecked score 95/100

Risk analysis Report Compare

Activity

Manufacture of textiles

NACE 13200Manufacture of outerwear NACE 14210

4th oldest company in Waregem, Manufacturing sector1 site

Size

€1.9mtotal assets 2025

Staff: 3.1 FTE
Equity: €1.8m
Loss: -€677

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: FRENTEX · 99.92%

2025 accounts 39 days early1 of 6 deeds summarised

Why 95lowers riskLiquidity: current ratio 34.42, cash €1.5mEquity €1.8m (97.1% of total assets)Founded in 1956Size: 3.1 FTE, total assets €1.9mShow the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 63% of its sector peers (NACE 13, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 97.1% of total assets

Liquidity 100=

short-term debt 2.9% · cash 83.1%

Profitability 37-43

return on assets 0.0%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (494 companies, NACE 13, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €170,000 on 30-day terms is acceptable

Liquidity ample (current ratio 34.42, compared with 11.2 in 2024, above the usual 1.5; short-term debt: 2.9% and cash: 83.1% of total assets), and 2.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 13, micro): better than 88% on solvency, 98% on liquidity, 30% on profitability and 38% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Liquidity: current ratio 34.42, cash €1.5m

NBB · annual accounts

Equity €1.8m (97.1% of total assets)

NBB · annual accounts

Founded in 1956

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: 3.1 FTE, total assets €1.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

39 days early

2024

13 days early

2023

40 days early

2022

38 days early

2021

40 days early

2020

22 days early

2019

157 days 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 5 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

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 22 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-06-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Liquidity more than triplescurrent ratio 34.42
18-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Caution: From profit to loss in 2025after €170,780 in 2024 -€677 View
Positive: Among the best 5% on solvencysector median 53.3% · 194 companies 97.1% View
Controlled by FRENTEX 99.92% View
Active since 1956founded 18-04-1956 70 years View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year: 2025
Total assets: €1.9m
Loss: -€677
Solvency: 97.1%

Total assets▼ 6.2%

Net result

20182025

Go to Financials

Board & ownership

Parent: FRENTEX · 99.92%

Go to Board & ownership

Timeline

Events: 53
Since: 1978
Next accounts: by 31-07-2027

21-06-2024Annual accounts filed
20-12-2023Resignations: Koen De Frene, Kris De Frene…
23-06-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of textilesNACE 13200
Founded: 18-04-1956
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 13

Purpose: “Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met de fabricatie en…” (deed in Dutch)

Go to Articles of association

Key facts about Satinex

What is the company number of Satinex?: 0405.441.687. In Belgium the VAT number is the company number with BE in front: BE 0405.441.687.
Where is Satinex based?: The registered office is at Transvaalstraat 3, 8793 Waregem.Company details
What does Satinex do?: According to the KBO register, the main activity is manufacture of textiles (NACE 13200).
What is the legal form of Satinex?: Public limited company (NV).
When was Satinex founded?: On 18-04-1956.
Is Satinex still active?: Yes, Satinex is an active enterprise in the KBO register.
How many employees does Satinex have?: On average 3.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Satinex?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Satinex profitable?: In financial year 2025, Satinex made a loss of €677.
Where can I find the annual accounts of Satinex?: Satinex filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Satinex due?: By 31-07-2027, for financial year 2026.Timeline