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 €2.17M and a net result of €-389k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €140k 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.
Credit advice for your own amount and term
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 →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-389k=
2024 · €-389k
2021: €-213k
2022: €-269k
2023: €-537k
2024: €-389k
2021 → 2025
Working capital
€1.05M▲ 33.1%
2024 · €786k
2021: €504k
2022: €630k
2023: €266k
2024: €786k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.69M▲ 39.3%€1.30M▼ 22.7%€2.12M▲ 62.1%€2.17M▲ 2.6%
Operating result€-207k-€-275k▼ 33.0%€-550k▼ 99.9%€-401k▲ 27.1%€-411k▼ 2.4%
Net result€-213k-€-269k▼ 26.5%€-537k▼ 99.6%€-389k▲ 27.6%€-389k=
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €411k in 2025 against €401k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.87M
Fixed assets
€1.48M ▲ 9.3%
Current assets
€1.39M ▲ 35.8%
Equity and liabilities €2.87M
Equity
€2.17M ▲ 2.6%
Debt
€696k ▲ 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
€-314k▼
2024 · €-298k
Cash flow
€-292k▼
2024 · €-286k
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
€344k▲
2024 · €237k
Debt > 1 year
€351k▲
2024 · €8k
Staff costs
€231k▲
2024 · €184k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.38M€2.87M▲
Formation expenses20€561€0▼
Fixed assets21/28€1.35M€1.48M▲
Intangible fixed assets21€1.27M€1.40M▲
Tangible fixed assets22/27€83k€73k▼
Plant, machinery and equipment23€60k€53k▼
Furniture and vehicles24€6k€8k▲
Leasing and similar rights25€17k€11k▼
Financial fixed assets28€363€363=
Current assets29/58€1.02M€1.39M▲
Stocks and contracts in progress3€443k€620k▲
Stocks30/36€443k€620k▲
Amounts receivable within one year40/41€296k€89k▼
Trade receivables40€175k€12k▼
Other amounts receivable41€121k€76k▼
Cash at bank and in hand54/58€232k€671k▲
Deferred charges and accrued income490/1€52k€10k▼
Equity and liabilities
Total equity and liabilities10/49€2.38M€2.87M▲
Equity10/15€2.12M€2.17M▲
Contributions10/11€2.73M€3.23M▲
Capital10€2.73M€3.23M▲
Issued capital100€2.73M€3.23M▲
Profit (loss) carried forward14€-1.41M€-1.80M▼
Investment grants15€796k€742k▼
Amounts payable17/49€260k€696k▲
Amounts payable after more than one year17€8k€351k▲
Financial debts170/4€8k€351k▲
Other amounts payable178/9€0-
Amounts payable within one year42/48€237k€344k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€200k€204k▲
Suppliers440/4€200k€204k▲
Advances received on contracts in progress46-€100k
Taxes, remuneration and social security45€30k€33k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€24k€26k▲
Other amounts payable47/48€18€18=
Accrued charges and deferred income492/3€14k€673▼
Income statement
Code20242025
Remuneration, social security and pensions62€184k€231k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€97k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-112k€-80k▲
Operating profit (loss)9901€-401k€-411k▼
Financial income75/76B€35k€35k▼
Recurring financial income75€35k€35k▼
Financial charges65/66B€23k€13k▼
Recurring financial charges65€23k€13k▼
Profit (loss) for the period before taxes9903€-389k€-389k=
Profit (loss) for the period9904€-389k€-389k=
Profit (loss) for the period to be appropriated9905€-389k€-389k=
Appropriation of the result
Profit (loss) to be appropriated9906€-1.41M€-1.80M▼
Profit (loss) brought forward from the previous period14P€-1.02M€-1.41M▼
Social balance
Average headcount (FTE)90873.34.0▲
The notes to these accounts (24 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
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 €583k to €237k.
31-12
Financial
Equity above €2MEq €2.12M ▲62.1%
Equity rises from €1.30M to €2.12M.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-537k
Net result drops to €-537k, 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.
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
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.
Kortrijkseweg 3618791 WaregemGround 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.
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
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 · 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 |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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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
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.