Equity
€121,913 ▲ 7.6%
TEXATH has made a profit in every financial year since 2023.
TEXATH
Lifetime
4 annual accounts with figures on one time axispeak €433,938 (2026)
€433,938▲ 7.9%
peak €88,588 (2026)
€88,588▲ 309%
peak €121,913 (2026)
€121,913▲ 7.6%
€317,938▼ 3.5%
peak 16.7 FTE (2023)
9.4 FTE▼ 3.1%
Board2 names since 2021
2 directorsLEM CORP and 1 other
Documentsfilings and deeds
01-09-20261 day late
2026financial year
Result from €21,684 to €88,588Cash from €92,839 to €136,819
Key points
from the 2026 annual accountsResult
€88,588 ▲ 309%
The result rose in 2026 from €21,684 to €88,588.
Turnover
≈ €1.2m estimated
The accounts state no turnover.
Debts
€317,938 72% of the balance sheet
Financial debts 35%Suppliers 9%Taxes and wages 9%Other 47%
Of this, €204,413 falls due within a year.
Staff
9.4 FTE from 16.7 in 2023
Between 2023 and 2026, 44% of the full-time equivalents disappeared.
Filings
4 annual accounts 4 late
The 2023 accounts came latest: 28 days after the end of the period.
Checked score
66
Healthy
Financially stronger than 63% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.6%▼ -0.3 percentage points vs 04-2025
06-2025: 1.7%▲ +0.1 percentage points vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.0%▲ +0.3 percentage points vs 07-2025
09-2025: 2.5%▲ +0.5 percentage points vs 08-2025
10-2025: 1.8%▼ -0.7 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.9%▲ +0.1 percentage points vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.1%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%▲ +0.1 percentage points vs 06-2026
08-2026: 2.5%▲ +0.3 percentage points vs 07-2026
09-2026: 3.2%▲ +0.7 percentage points vs 08-2026highest value
10-2026: 1.3%▼ -1.9 percentage points vs 09-2026lowest value
11-2026: 1.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2021
Sector: Food and beverage service activities (NACE 56)
Size: 9.4 FTE, total assets €439,850
lowers risk
Liquidity: current ratio 1.01, cash €136,819
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 49% of them on solvency, 70% on liquidity, 82% on profitability and 53% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as TEXATH has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TEXATH itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for TEXATH. 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.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (1.02 in 2025), below the usual 1.5. Short-term debt is 46.5% and cash 31.1% of total assets. 72.3% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2026 accounts filed 1 day late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 01-09-2026, 1 day later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2026
1 day late
2025
17 days late
2024
20 days late
2023
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 17 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 19 September (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-01-2027 year end31-08-2027 deadline
Board and ownership
- LECLUSE Eric 520 sharesdeed of 25-08-2021
- LECLUSE Maxime 100 sharesdeed of 25-08-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0772764950
First establishment
Marché-aux-Toiles 6 - 7, Ath
Incorporation
Founding capital of €62,000, 620 shares · Founders: LECLUSE Eric and LECLUSE Maxime · Appointments: MAX AND PARTNERS (chair) and LEM CORP (managing director) · published on 25-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TEXATH Lasne | €439,850 | €433,938 | 27.7% | 9.4 |
| CIAO BRUSSELS Brussels | €491,530 | €431,848 | -107.0% | 8.6 |
| SOUMI Ixelles | €495,924 | €388,603 | 14.6% | 8.5 |
| EVART Froidchapelle | €494,661 | €418,959 | 20.3% | 9.3 |
| ARJES Lasne | €402,103 | €442,158 | 9.3% | 10.4 |
| Waterloo Rambo Waterloo | €577,697 | €368,544 | -35.4% | 9 |
| CAT1420 Braine-l'Alleud | €498,828 | €405,247 | -11.5% | 6.7 |
These companies have the same main activity as TEXATH: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €402,000 and €578,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 23-08-2021Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 31-01-2026
- Establishment unit
- 2.331.304.9287800 Ath, since 01-05-2022
- Financial year end
- 31 January
- Peppol
- Reachable since 23-12-2025
Annual accounts to 31-01-2026
- €439,850▼ 0.7%
- Employeeson 31-01-2026
- 28▲ 40.0%
- Filing
- Filed on 01-09-2026
Insights on TEXATH
The gross margin has grown every year since 2023.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TEXATH
- What is the company number of TEXATH?
- The company number of TEXATH is 0772.764.950. The VAT number is the same number with BE in front: BE 0772.764.950.
- Where is TEXATH based?
- The registered office is at Clos du Général Domon 7, 1380 Lasne.Company details
- What does TEXATH do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of TEXATH?
- TEXATH is a public limited company (NV).
- When was TEXATH founded?
- TEXATH was founded on 23-08-2021.
- Is TEXATH still active?
- Yes, TEXATH is an active enterprise in the KBO register.
- How many employees does TEXATH have?
- TEXATH had an average of 9.4 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does TEXATH fall under?
- In its 31-01-2026 annual accounts, TEXATH states joint committee 302 (Hotels and catering).
- What is the turnover of TEXATH?
- The turnover in financial year 2026 is ≈ €1.2m. This figure is estimated from the gross margin of €433,938 and 37 comparable companies (NACE 56112). It probably lies between €1.0m and €1.4m.
- Is TEXATH profitable?
- In financial year 2026, TEXATH made a profit of €88,588.
- Where can I find the annual accounts of TEXATH?
- TEXATH filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of TEXATH due?
- TEXATH must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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