TEX - CORPORATION
ActiveSummary
TEX - CORPORATION has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €881k and a net result of €105k. Equity is growing by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-11
Solvency93▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 4.27 in 2024; short-term debt: 26.6% and cash: 11% of total assets), and 32.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
67.6%
Return on assets
8.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
2 d early
2022
28 d early
2021
6 d early
2020
9 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.43M▲ 33.6%
2024 · €1.07M
2020: €2.41M
2021: €2.88M
2022: €3.21M
2023: €2.83M
2024: €1.07M
2020 → 2025
EBIT margin
9.0%▼ 4.1pp
2024 · 13.1%
2020: -0.1%
2021: 4.7%
2022: 1.6%
2023: 19.0%
2024: 13.1%
2020 → 2025
Net result
€105k▼ 4.0%
2024 · €110k
2019: €23k
2020: €-5k
2021: €97k
2022: €33k
2023: €400k
2024: €110k
2019 → 2025
Working capital
€582k▼ 19.3%
2024 · €721k
2019: €144k
2020: €111k
2021: €132k
2022: €148k
2023: €673k
2024: €721k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.88M-€3.21M▲ 11.6%€2.83M▼ 11.9%€1.07M▼ 62.2%€1.43M▲ 33.6%
Equity€233k-€266k▲ 14.2%€666k▲ 151%€776k▲ 16.5%€881k▲ 13.6%
Operating result€136k-€51k▼ 62.4%€538k▲ 953%€141k▼ 73.8%€129k▼ 8.1%
Net result€97k-€33k▼ 66.0%€400k▲ 1,110%€110k▼ 72.6%€105k▼ 4.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.30M
Fixed assets
€374k ▲ 143%
Current assets
€929k ▼ 1.4%
Equity and liabilities €1.30M
Equity
€881k ▲ 13.6%
Provisions
€75k ▼ 22.9%
Debt
€347k ▲ 55.8%
Debt's share of the balance-sheet total rises from 20.3% to 26.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€242k▲
2024 · €182k
Cash flow
€217k▲
2024 · €151k
Current ratio
2.68▼
2024 · 4.27
Debt to equity
0.39▲
2024 · 0.29
ROE
12.0%▼
2024 · 14.1%
ROA
8.1%▼
2024 · 10.0%
Debt ≤ 1 year
€347k▲
2024 · €220k
Income taxes
€62k▲
2024 · €48k
Staff costs
€467k▼
2024 · €472k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.30M▲
Fixed assets21/28€154k€374k▲
Tangible fixed assets22/27€154k€374k▲
Plant, machinery and equipment23€138k€281k▲
Furniture and vehicles24€15k€93k▲
Current assets29/58€942k€929k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€79k€460k▲
Trade receivables40€64k€447k▲
Other amounts receivable41€14k€13k▼
Current investments50/53€700k€325k▼
Other investments51/53€700k€325k▼
Cash at bank and in hand54/58€161k€143k▼
Deferred charges and accrued income490/1€2k€928▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.30M▲
Equity10/15€776k€881k▲
Contributions10/11€6k€6k=
Reserves13€769k€875k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€292k€225k▼
Distributable reserves133€477k€650k▲
Provisions and deferred taxes16€97k€75k▼
Deferred taxes168€97k€75k▼
Amounts payable17/49€223k€347k▲
Amounts payable within one year42/48€220k€347k▲
Trade debts44€156k€269k▲
Suppliers440/4€156k€269k▲
Taxes, remuneration and social security45€62k€77k▲
Taxes450/3€2k€17k▲
Remuneration and social security454/9€60k€60k▲
Other amounts payable47/48€2k€1k▼
Accrued charges and deferred income492/3€2k€146▼
Income statement
Code20242025
Operating income70/76A€1.36M€1.44M▲
Turnover70€1.07M€1.43M▲
Other operating income74€294k€9k▼
Non-recurring operating income76A€0-
Operating charges60/66A€1.22M€1.31M▲
Goods for resale, raw materials and consumables60€444k€428k▼
Purchases600/8€444k€428k▼
Services and other goods61€265k€302k▲
Remuneration, social security and pensions62€472k€467k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€112k▲
Other operating charges640/8€1k€1k▼
Operating profit (loss)9901€141k€129k▼
Financial income75/76B€13k€16k▲
Recurring financial income75€13k€16k▲
Income from current assets751€13k€16k▲
Financial charges65/66B€2k€793▼
Recurring financial charges65€2k€793▼
Debt charges650€2k€0▼
Other financial charges652/9€816€793▼
Profit (loss) for the period before taxes9903€151k€145k▼
Transfer from deferred taxes780€7k€22k▲
Transfer to deferred taxes680€0-
Income taxes67/77€48k€62k▲
Taxes670/3€48k€62k▲
Profit (loss) for the period9904€110k€105k▼
Transfer from tax-exempt reserves789€21k€67k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€131k€172k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€172k▲
Transfer to equity691/2€131k€172k▲
To other reserves6921€131k€172k▲
Social balance
Average headcount (FTE)90877.86.9▼
The notes to these accounts (33 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Highest result since 2019net €400k ▲1110%
Operating result €538k, net result €400k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.24 to 2.51; short-term debt falls from €616k to €446k.
30-06
Financial
Equity above €500kEq €666k ▲151%
3 profitable years in a row build equity to €666k.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Back to profitnet €97k
Net result €97k after one loss-making year.
30-06
Financial
Equity above €200kEq €233k ▲71.9%
Equity rises from €135k to €233k.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €-5k ▼123%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
Show earlier events
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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
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, Wevelgem · 1 establishment unit since 1989
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.
Drieslaan 48560 WevelgemGround area
3,173 m²
Building footprint
1,314 m²
Volume, LiDAR
8,250 m³
Parcel 34029B0573/00Z000, Flanders · tallest building 33.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Drieslaan 4, 8560 Wevelgem
since 19892.041.723.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B0573/00Z000 | Flanders | 3,173 m² | 1 · 1,314 m² | 33.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 28,573 EUR awarded · 28,163 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 27,938 EUR |
| 2024 | 1 | 28,348 EUR | 0 EUR |
| 2022 | 1 | 225 EUR | 225 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Geeroms - Amant
BE 0414.777.740
Aalst · Eq €889k
PROFILLIN
BE 0418.570.044
Waregem · Eq €896k
FLANDERS TAPESTRIES
BE 0425.132.192
Wielsbeke · Eq €863k
VAN LAEKE VLASBEWERKING
BE 0467.141.112
Sint-Laureins · Eq €915k
CALCUTTA IMMO
BE 0430.301.106
Gent · Eq €924k
Of 210 companies in sector 13100 we hold annual accounts for 139. 100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1988
Fiscal year end30-06
Activities, NACEBEL 2025
13100Manufacture of textiles
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.