Texprofin
ActiveSummary
Texprofin has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of -€388,815. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 4.04 against 4.31 in 2024; short-term debt: 12% and cash: 23.4% of total assets), and 24.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
75.7%
Return on assets
-13.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
36 d early
2022
31 d early
2021
12 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€388,815=
2024 · -€388,934
Working capital
€1.0m▲ 33.1%
2024 · €785,722
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€206,904--€275,160▼ 33.0%-€550,136▼ 99.9%-€401,047▲ 27.1%-€410,668▼ 2.4%
Net result-€212,749--€269,101▼ 26.5%-€537,040▼ 99.6%-€388,934▲ 27.6%-€388,815=
Equity€1.2m-€1.7m▲ 39.3%€1.3m▼ 22.7%€2.1m▲ 62.1%€2.2m▲ 2.6%
Total assets€1.4m-€1.9m▲ 30.3%€2.0m▲ 6.7%€2.4m▲ 18.5%€2.9m▲ 20.7%
Debt€228,815-€189,467▼ 17.2%€698,862▲ 269%€259,751▼ 62.8%€695,597▲ 168%
Working capital€504,426-€630,357▲ 25.0%€266,007▼ 57.8%€785,722▲ 195%€1.0m▲ 33.1%
Staff (FTE)0.3-1▲ 233%1.9▲ 90.0%3.3▲ 73.7%4▲ 21.2%
Why a figure moved sharply
- 2024 Equity +62% on 2023. Cause not known from the registers.
- 2023 Net result -100% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €410,668 in 2025 against €401,047 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.5m ▲ 9.3%
Current assets
€1.4m ▲ 35.8%
Equity and liabilities €2.9m
Equity
€2.2m ▲ 2.6%
Debt
€695,597 ▲ 168%
Debt's share of the balance-sheet total rises from 10.9% to 24.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€313,890▼
2024 · -€298,405
Cash flow
-€292,036▼
2024 · -€286,292
Current ratio
4.04▼
2024 · 4.31
Quick ratio
2.24▼
2024 · 2.44
Debt to equity
0.32▲
2024 · 0.12
ROE
-17.9%▲
2024 · -18.4%
ROA
-13.6%▲
2024 · -16.4%
Interest coverage
-24.39▼
2024 · -13.07
Debt ≤ 1 year
€343,713▲
2024 · €237,468
Debt > 1 year
€351,211▲
2024 · €8,283
Staff costs
€231,409▲
2024 · €183,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,595 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,613 | €48,051 | €97,590 | €183,966 | €231,409 | ▲ 25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,783 | €35,254 | €93,701 | €102,642 | €96,778 | ▼ 5.7% |
| Other operating charges640/8 | €1,167 | €674 | €1,559 | €2,049 | €2,691 | ▲ 31.3% |
| Gross operating margin9900 | -€174,341 | -€191,182 | -€357,286 | -€112,391 | -€79,790 | ▲ 29.0% |
| Operating profit (loss)9901 | -€206,904 | -€275,160 | -€550,136 | -€401,047 | -€410,668 | ▼ 2.4% |
| Financial income75/76B | €0 | €11,258 | €33,747 | €34,951 | €34,721 | ▼ 0.7% |
| Recurring financial income75 | €0 | €11,258 | €33,747 | €34,951 | €34,721 | ▼ 0.7% |
| Financial charges65/66B | €5,844 | €5,199 | €20,651 | €22,838 | €12,868 | ▼ 43.7% |
| Recurring financial charges65 | €5,844 | €5,199 | €20,651 | €22,838 | €12,868 | ▼ 43.7% |
| Profit (loss) for the period before taxes9903 | -€212,749 | -€269,101 | -€537,040 | -€388,934 | -€388,815 | = |
| Profit (loss) for the period9904 | -€212,749 | -€269,101 | -€537,040 | -€388,934 | -€388,815 | = |
| Profit (loss) for the period to be appropriated9905 | -€212,749 | -€269,101 | -€537,040 | -€388,934 | -€388,815 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.9m | €2.0m | €2.4m | €2.9m | ▲ 20.7% |
| Formation expenses20 | €17,310 | €11,727 | €6,144 | €561 | €0 | ▼ 100% |
| Fixed assets21/28 | €690,740 | €1.0m | €1.1m | €1.4m | €1.5m | ▲ 9.3% |
| Intangible fixed assets21 | €661,902 | €1.0m | €1.0m | €1.3m | €1.4m | ▲ 10.7% |
| Tangible fixed assets22/27 | €28,476 | €23,109 | €102,712 | €82,685 | €72,738 | ▼ 12.0% |
| Plant, machinery and equipment23 | €23,866 | €20,319 | €71,709 | €60,103 | €53,129 | ▼ 11.6% |
| Furniture and vehicles24 | €4,610 | €2,790 | €8,977 | €5,883 | €8,235 | ▲ 40.0% |
| Leasing and similar rights25 | - | - | €22,026 | €16,700 | €11,374 | ▼ 31.9% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €733,016 | €818,687 | €848,720 | €1.0m | €1.4m | ▲ 35.8% |
| Stocks and contracts in progress3 | €38,261 | €384,807 | €602,851 | €442,815 | €619,841 | ▲ 40.0% |
| Stocks30/36 | €38,261 | €384,807 | €602,851 | €442,815 | €619,841 | ▲ 40.0% |
| Amounts receivable within one year40/41 | €157,623 | €232,897 | €120,345 | €296,162 | €88,687 | ▼ 70.1% |
| Trade receivables40 | - | €166,476 | €57,698 | €175,382 | €12,357 | ▼ 93.0% |
| Other amounts receivable41 | €157,623 | €66,421 | €62,648 | €120,780 | €76,330 | ▼ 36.8% |
| Cash at bank and in hand54/58 | €537,131 | €200,983 | €56,754 | €231,820 | €670,730 | ▲ 189% |
| Deferred charges and accrued income490/1 | - | - | €68,770 | €52,394 | €10,417 | ▼ 80.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.9m | €2.0m | €2.4m | €2.9m | ▲ 20.7% |
| Equity10/15 | €1.2m | €1.7m | €1.3m | €2.1m | €2.2m | ▲ 2.6% |
| Contributions10/11 | €1.0m | €1.5m | €1.7m | €2.7m | €3.2m | ▲ 18.3% |
| Capital10 | €1.0m | €1.5m | €1.7m | €2.7m | €3.2m | ▲ 18.3% |
| Issued capital100 | €1.0m | €1.5m | €1.7m | €2.7m | €3.2m | ▲ 18.3% |
| Profit (loss) carried forward14 | -€212,749 | -€481,849 | -€1.0m | -€1.4m | -€1.8m | ▼ 27.6% |
| Investment grants15 | €394,000 | €641,662 | €597,095 | €796,303 | €741,731 | ▼ 6.9% |
| Amounts payable17/49 | €228,815 | €189,467 | €698,862 | €259,751 | €695,597 | ▲ 168% |
| Amounts payable after more than one year17 | - | - | €115,036 | €8,283 | €351,211 | ▲ 4,140% |
| Financial debts170/4 | - | - | €15,036 | €8,283 | €351,211 | ▲ 4,140% |
| Other amounts payable178/9 | - | - | €100,000 | €0 | - | - |
| Amounts payable within one year42/48 | €228,590 | €188,330 | €582,713 | €237,468 | €343,713 | ▲ 44.7% |
| Current portion of amounts payable after more than one year42 | €150,000 | €100,000 | €356,447 | €6,752 | €7,072 | ▲ 4.7% |
| Trade debts44 | €76,788 | €84,612 | €213,711 | €200,372 | €203,611 | ▲ 1.6% |
| Suppliers440/4 | €76,788 | €84,612 | €213,711 | €200,372 | €203,611 | ▲ 1.6% |
| Advances received on contracts in progress46 | - | - | - | - | €100,122 | - |
| Taxes, remuneration and social security45 | €1,802 | €3,718 | €12,537 | €30,326 | €32,891 | ▲ 8.5% |
| Taxes450/3 | - | - | €3,843 | €6,329 | €7,294 | ▲ 15.3% |
| Remuneration and social security454/9 | €1,802 | €3,718 | €8,694 | €23,997 | €25,596 | ▲ 6.7% |
| Other amounts payable47/48 | - | - | €18 | €18 | €18 | = |
| Accrued charges and deferred income492/3 | €225 | €1,138 | €1,114 | €14,000 | €673 | ▼ 95.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€212,749 | -€269,101 | -€537,040 | -€388,934 | -€388,815 | = |
| + Depreciation and write-downs630 | €18,783 | €35,254 | €93,701 | €102,642 | €96,778 | ▼ 5.7% |
| Operating cash flow (approximation) | -€193,965 | -€233,847 | -€443,339 | -€286,292 | -€292,036 | ▼ 2.0% |
| Investment in fixed assets (approximation) | - | -€392,001 | -€195,072 | -€305,400 | -€222,416 | ▲ 27.2% |
| Change in cash | - | -€336,148 | -€144,229 | €175,066 | €438,911 | ▲ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.31
Current ratio from 1.46 to 4.31; short-term debt falls from €582,713 to €237,468.
31-12
Financial
Equity above €2mEq €2.1m ▲62.1%
Equity rises from €1.3m to €2.1m.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€537,040
Net result drops to -€537,040, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Waregem · 1 establishment unit since 2020
Ground area
2.7 ha
Building footprint
2,896 m²
Volume, LiDAR
21,401 m³
Parcel 34006A0466/00E000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Texprofin
since 20202.299.040.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0466/00E000 | Flanders | 2.7 ha | 1 · 2,896 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
4 ownersOwners 4
- Sourceaccounts PRO-ACT 202515.85%
-
15.85%
-
12.36%
- Sourceaccounts MATTHYS 202311.85%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 243,596 EUR awarded · 196,065 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 495 EUR | 495 EUR |
| 2024 | 2 | 233,531 EUR | 186,000 EUR |
| 2022 | 1 | 9,570 EUR | 9,570 EUR |
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Of 346 companies in sector 28990 we hold annual accounts for 278. 168 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
28940Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741901134
Also
9925:BE0741901134
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.