SHA-TEX
ActiveSHA-TEX has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €222k and a net result of €28k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 36 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▼-29
Solvency84▲+14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 1.82 in 2023; short-term debt: 40.8% and cash: 45.3% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 14
Relative position
BE, all sectors
reference
Sector 14
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
not confirmed
2024
57 d late
2023
78 d early
2022
19 d early
2021
31 d late
2020
9 d late
2019
108 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28k▼ 57.8%
2023 · €66k
2018: €25k
2019: €34k
2020: €106k
2021: €199k
2022: €195k
2023: €66k
2018 → 2024
Working capital
€222k▲ 0.8%
2023 · €220k
2018: €264k
2019: €320k
2020: €119k
2021: €325k
2022: €239k
2023: €220k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€146k-€344k▲ 136%€239k▼ 30.4%€220k▼ 8.1%€222k▲ 0.8%
Operating result€155k-€246k▲ 59.3%€222k▼ 9.6%€110k▼ 50.7%€45k▼ 58.6%
Net result€106k-€199k▲ 87.1%€195k▼ 1.7%€66k▼ 66.4%€28k▼ 57.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 59% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €374k
Equity
€222k▲ 0.8%
Debt
€153k▼ 43.4%
The debt ratio falls from 55.1% to 40.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
59.2%▲
2023 · 44.9%
Current ratio
2.45▲
2023 · 1.82
Quick ratio
2.29▲
2023 · 1.62
Debt / equity
0.69▼
2023 · 1.23
ROE
12.5%▼
2023 · 29.8%
ROA
7.4%▼
2023 · 13.4%
Debt
€153k▼
2023 · €270k
Debt ≤ 1 year
€153k▼
2023 · €270k
Income taxes
€13k▼
2023 · €33k
Staff costs
€13▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€490k€374k▼
Current assets29/58€490k€374k▼
Stocks and contracts in progress3€53k€26k▼
Stocks30/36€53k€26k▼
Amounts receivable within one year40/41€209k€178k▼
Trade receivables40€143k€146k▲
Other amounts receivable41€67k€32k▼
Cash at bank and in hand54/58€226k€170k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€490k€374k▼
Equity10/15€220k€222k▲
Contributions10/11€19k€19k=
Reserves13€201k€201k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€199k€199k=
Profit (loss) carried forward14€289€2k▲
Amounts payable17/49€270k€153k▼
Amounts payable within one year42/48€270k€153k▼
Current portion of amounts payable after more than one year42€17k€17k▼
Trade debts44€65k€58k▼
Suppliers440/4€65k€58k▼
Taxes, remuneration and social security45€64k€36k▼
Taxes450/3€61k€33k▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€123k€42k▼
Income statement
Code20232024
Remuneration, social security and pensions62€2k€13▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251-
Other operating charges640/8€14k€19k▲
Gross operating margin9900€126k€64k▼
Operating profit (loss)9901€110k€45k▼
Financial income75/76B€146€2▼
Recurring financial income75€146€2▼
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€99k€40k▼
Income taxes67/77€33k€13k▼
Profit (loss) for the period9904€66k€28k▼
Profit (loss) for the period to be appropriated9905€66k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€28k▼
Profit (loss) brought forward from the previous period14P€20k€289▼
Profit to be distributed694/7€85k€26k▼
Return on contributions (dividend)694€85k€26k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €199k ▲87.1%
Operating result €246k, net result €199k, both a record.
31-12
Financial
Equity above €200kEq €344k ▲136%
4 profitable years in a row build equity to €344k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 108 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Pepinster · 1 establishment unit since 2014
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.
Chinheid 74860 PepinsterGround area
84 m²
Building footprint
105 m²
Volume, LiDAR
775 m³
Parcel 63058B0352/00D000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SHA-TEX
since 20142.227.722.190
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63058B0352/00D000 | Wallonia | 84 m² | 1 · 105 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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, comparable size
CASTELLINO PRODUCTIONS
BE 0464.090.560
Harelbeke · Eq €221k
COUTURE ROBEL
BE 0439.878.073
Roeselare · Eq €219k
VALLA GROUP
BE 0554.694.302
Antwerpen · Eq €216k
TONICKX
BE 0452.402.456
Kortrijk · Eq €229k
BEERNAERT
BE 0420.344.352
Oudenaarde · Eq €212k
Of 1,093 companies in sector 14210 we hold annual accounts for 212. 141 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-2014
Fiscal year end31-12
Activities, NACEBEL
14130Manufacture of wearing apparel
14210Manufacture of outerwear
14220Manufacture of wearing apparel
14199Manufacture of wearing apparel
14299Manufacture of wearing apparel
15120Manufacture of leather and related products
15200Manufacture of leather and related products
32130Manufacture of imitation jewellery and related articles
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.