Equity
€8.6m ▼ 2.0%
CRUTEX paid out €300,000 in dividends. That is 237% of the 2025 profit.
CRUTEX
Lifetime
22 annual accounts with figures on one time axis, 32 filings since 1994peak €19.9m (2022)
€13.5m▼ 19.5%
peak €2.4m (2009)
€126,600▼ 83.7%
peak €9.1m (2020)
€8.6m▼ 2.0%
€5.9m▼ 4.9%
peak 10 FTE (2004)
6.4 FTE▼ 12.3%
Board4 names since 2020
-
Owners
97.95%N.J.C.
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Turnover from €16.8m to €13.5mResult from €777,737 to €126,600Staff from 7.3 FTE to 6.4 FTEDividend €300,000Cash from €793,237 to €2.2m
Key points
from the 2025 annual accountsResult
€126,600 ▼ 83.7%
The result fell in 2025 from €777,737 to €126,600.
Staff
6.4 FTE from 10 in 2004
Between 2004 and 2025, 36% of the full-time equivalents disappeared.
Liquidity
5.18 was 2.40 in 2024
Short-term debts fell from €6.3m to €2.8m.
Filings
32 annual accounts since 1994
Ten of the last ten came late. The 2023 accounts came latest: 69 days after the end of the period.
Position in the sector
€8.6m
More equity than 82% of companies in wholesale trade. Sector median €1.6m · 6,122 companies.
Checked score
94
Excellent
Financially stronger than 48% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.1 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1993
Liquidity: current ratio 5.18, cash €2.2m
Size: turnover €13.5m, 6.4 FTE, total assets €14.6m
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 46, micro). It does better than 66% of them on solvency, 69% on liquidity, 29% on profitability and 29% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 17,041 companies had the same profile as CRUTEX has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CRUTEX itself: 0.1% 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 17,041 companies, not a prediction for CRUTEX. 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 €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.18 (2.4 in 2024), above the usual 1.5. Short-term debt is 19.3% and cash 15.1% of total assets. 40.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days 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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
69 days late
2022
9 days late
2021
31 days late
2020
30 days late
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0449959046
Merger: TEXTIEL CRUCKE TEXTILES takes over SERGEI SOCKS AND TEXTILES
Company renamed to CRUTEX · New name: CRUTEX · Capital from €300,000 to €2,150,000 · General meeting of 31-07-2020 · Gazette deed
Merger proposal: TEXTIEL CRUCKE TEXTILES takes over SERGEI SOCKS AND TEXTILES
Permanent representative: Jacques Crucke · Name clause: SERGEI SOCKS AND TEXTILES · Name clause: Textiel Crucke Textiles · Gazette deed
Merger proposal: TEXTIEL CRUCKE TEXTILES takes over REDIS
Permanent representative: Jacques Crucke · Share issue: €8 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CRUTEX Tournai | €13.5m | 2.4% | 59.2% | 6.4 |
| TEXTYLE INTERNATIONAL Vilvoorde | €26.6m | 13.9% | 92.8% | 7.3 |
| INDETEX Mouscron | €13.6m | 9.3% | 68.1% | 11.5 |
| A.R.W. Brussels | €38.1m | 4.2% | 56.1% | 22 |
| OOSTPIT Wielsbeke | - | - | 98.6% | 4.2 |
| VAN DER ERVE Zaventem | €96.4m | 9.7% | 23.7% | 18.7 |
| FILANTEX Pittem | - | - | 45.2% | 6 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CRUTEX: wholesale of household textiles and bedding (NACE 46412). They are comparable in size and age: total assets between €8.1m and €39m, founded between 1977 and 2002.
Official details
Source: KBO- Status
- Active since 03-05-1993Normal situation
- Activity
- Wholesale of household textiles and beddingNACE 46412and 1 other
- Joint committees
- 109Clothing and garment industry
- 215White-collar workers in the clothing and garment industry · annual accounts 2025
- Establishment unit
- 2.062.171.6967522 Tournai, since 28-03-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on CRUTEX
CRUTEX has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.6m and a net result of €126,600.
Equity has been stable since 2018 (±0.8% per year). Its solvency ranks better than 66% of 6,191 sector peers (NACE 46, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
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 CRUTEX
- What is the company number of CRUTEX?
- The company number of CRUTEX is 0449.959.046. The VAT number is the same number with BE in front: BE 0449.959.046.
- Where is CRUTEX based?
- The registered office is at Rue des Sablières 8, 7522 Tournai.Company details
- What does CRUTEX do?
- According to the KBO register, the main activity is wholesale of household textiles and bedding (NACE 46412).
- What is the legal form of CRUTEX?
- CRUTEX is a public limited company (NV).
- When was CRUTEX founded?
- CRUTEX was founded on 03-05-1993.
- Is CRUTEX still active?
- Yes, CRUTEX is an active enterprise in the KBO register.
- How many employees does CRUTEX have?
- CRUTEX had an average of 6.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CRUTEX fall under?
- In its 2025 annual accounts, CRUTEX states joint committees 109 (Clothing and garment industry) and 215 (White-collar workers in the clothing and garment industry).
- What is the turnover of CRUTEX?
- The turnover of CRUTEX was €13.5m in financial year 2025, according to the filed annual accounts.
- Is CRUTEX profitable?
- In financial year 2025, CRUTEX made a profit of €126,600.
- Where can I find the annual accounts of CRUTEX?
- CRUTEX filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CRUTEX due?
- CRUTEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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