TEXTILE DEVELOPMENTS
ActiveSummary
TEXTILE DEVELOPMENTS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423k and a net result of €3k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 25% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38=
Solvency32=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.48 in 2024; short-term debt: 77.1% and cash: 0.2% of total assets), and 93% of the assets are financed with debt.
Credit check 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
7%
Return on assets
0.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
11 d late
2023
30 d late
2022
25 d late
2021
9 d late
2020
30 d late
2019
28 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€423k▲ 0.7%
2024 · €420k
2018: €375k
2019: €293k▼ -21.9% vs 2018lowest in 8 years
2020: €334k▲ +14.3% vs 2019
2021: €412k▲ +23.2% vs 2020
2022: €415k▲ +0.8% vs 2021
2023: €417k▲ +0.5% vs 2022
2024: €420k▲ +0.6% vs 2023
2025: €423k▲ +0.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€6.03M▲ 1.2%
2024 · €5.96M
2018: €4.50M
2019: €2.92M▼ -35.1% vs 2018lowest in 8 years
2020: €3.57M▲ +22.3% vs 2019
2021: €3.70M▲ +3.5% vs 2020
2022: €4.59M▲ +24.3% vs 2021
2023: €5.55M▲ +20.8% vs 2022
2024: €5.96M▲ +7.4% vs 2023
2025: €6.03M▲ +1.2% vs 2024highest in 8 years
2018 → 2025
Net result
€3k▲ 19.3%
2024 · €3k
2018: €-13k
2019: €-82k▼ -512% vs 2018lowest in 8 years
2020: €42k▲ +151% vs 2019
2021: €78k▲ +85.1% vs 2020
2022: €248k▲ +220% vs 2021highest in 8 years
2023: €2k▼ -99.2% vs 2022
2024: €3k▲ +26.9% vs 2023
2025: €3k▲ +19.3% vs 2024
2018 → 2025
Working capital
€1.37M▼ 28.5%
2024 · €1.92M
2018: €375k
2019: €293k▼ -21.9% vs 2018lowest in 8 years
2020: €2.11M▲ +623% vs 2019
2021: €2.52M▲ +19.1% vs 2020
2022: €2.56M▲ +1.6% vs 2021
2023: €3.03M▲ +18.6% vs 2022highest in 8 years
2024: €1.92M▼ -36.7% vs 2023
2025: €1.37M▼ -28.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€412k-€415k▲ 0.8%€417k▲ 0.5%€420k▲ 0.6%€423k▲ 0.7%
2021: €412klowest in 5 years
2022: €415k▲ +0.8% vs 2021
2023: €417k▲ +0.5% vs 2022
2024: €420k▲ +0.6% vs 2023
2025: €423k▲ +0.7% vs 2024highest in 5 years
Operating result€128k-€327k▲ 156%€87k▼ 73.5%€48k▼ 44.5%€23k▼ 51.9%
2021: €128k
2022: €327k▲ +156% vs 2021highest in 5 years
2023: €87k▼ -73.5% vs 2022
2024: €48k▼ -44.5% vs 2023
2025: €23k▼ -51.9% vs 2024lowest in 5 years
Net result€78k-€248k▲ 220%€2k▼ 99.2%€3k▲ 26.9%€3k▲ 19.3%
2021: €78k
2022: €248k▲ +220% vs 2021highest in 5 years
2023: €2k▼ -99.2% vs 2022lowest in 5 years
2024: €3k▲ +26.9% vs 2023
2025: €3k▲ +19.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 52% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.03M
Fixed assets
€9k =
Current assets
€6.02M ▲ 1.2%
Equity and liabilities €6.03M
Equity
€423k ▲ 0.7%
Debt
€5.61M ▲ 1.2%
Debt's share of the balance-sheet total stays at 93.0%.
Key figures and ratios
Current ratio
1.29▼
2024 · 1.48
Quick ratio
0.06▼
2024 · 0.11
Debt to equity
13.26▲
2024 · 13.20
ROE
0.7%▲
2024 · 0.6%
ROA
0.1%▲
2024 · 0.0%
Debt ≤ 1 year
€4.65M▲
2024 · €4.03M
Debt > 1 year
€887k▼
2024 · €1.42M
Income taxes
€1k▲
2024 · €1k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.96M€6.03M▲
Fixed assets21/28€9k€9k=
Financial fixed assets28€9k€9k=
Current assets29/58€5.95M€6.02M▲
Stocks and contracts in progress3€5.52M€5.75M▲
Stocks30/36€5.52M€5.75M▲
Amounts receivable within one year40/41€282k€255k▼
Trade receivables40€88k€63k▼
Other amounts receivable41€194k€192k▼
Cash at bank and in hand54/58€152k€13k▼
Deferred charges and accrued income490/1€121€4k▲
Equity and liabilities
Total equity and liabilities10/49€5.96M€6.03M▲
Equity10/15€420k€423k▲
Contributions10/11€400k€400k=
Reserves13€20k€23k▲
Distributable reserves133€20k€23k▲
Amounts payable17/49€5.54M€5.61M▲
Amounts payable after more than one year17€1.42M€887k▼
Financial debts170/4€0-
Other amounts payable178/9€1.42M€887k▼
Amounts payable within one year42/48€4.03M€4.65M▲
Trade debts44€19k€0▼
Suppliers440/4€19k€0▼
Advances received on contracts in progress46€3.96M€4.64M▲
Taxes, remuneration and social security45€55k€14k▼
Taxes450/3€55k€14k▼
Accrued charges and deferred income492/3€89k€72k▼
Income statement
Code20242025
Other operating charges640/8€1k€3k▲
Gross operating margin9900€50k€26k▼
Operating profit (loss)9901€48k€23k▼
Financial income75/76B€121€5k▲
Recurring financial income75€121€5k▲
Financial charges65/66B€45k€24k▼
Recurring financial charges65€45k€24k▼
Profit (loss) for the period before taxes9903€4k€4k▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€3k€3k▲
Profit (loss) for the period to be appropriated9905€3k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€3k▲
Transfer to equity691/2€3k€3k▲
To other reserves6921€3k€3k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €437 | €2k | €1k | €1k | €3k | ▲ 118% |
| Gross operating margin9900 | €128k | €329k | €88k | €50k | €26k | ▼ 46.8% |
| Operating profit (loss)9901 | €128k | €327k | €87k | €48k | €23k | ▼ 51.9% |
| Financial income75/76B | €0 | - | - | €121 | €5k | ▲ 3,986% |
| Recurring financial income75 | €0 | - | - | €121 | €5k | ▲ 3,986% |
| Financial charges65/66B | €45k | €78k | €84k | €45k | €24k | ▼ 46.7% |
| Recurring financial charges65 | €45k | €78k | €84k | €45k | €24k | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | €82k | €249k | €3k | €4k | €4k | ▲ 18.3% |
| Income taxes67/77 | €5k | €1k | €743 | €1k | €1k | ▲ 15.9% |
| Profit (loss) for the period9904 | €78k | €248k | €2k | €3k | €3k | ▲ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €78k | €248k | €2k | €3k | €3k | ▲ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.70M | €4.59M | €5.55M | €5.96M | €6.03M | ▲ 1.2% |
| Fixed assets21/28 | - | €9k | €9k | €9k | €9k | = |
| Financial fixed assets28 | - | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €3.70M | €4.58M | €5.54M | €5.95M | €6.02M | ▲ 1.2% |
| Stocks and contracts in progress3 | €3.31M | €3.90M | €5.26M | €5.52M | €5.75M | ▲ 4.2% |
| Stocks30/36 | €3.31M | €3.90M | €5.26M | €5.52M | €5.75M | ▲ 4.2% |
| Amounts receivable within one year40/41 | €185k | €83k | €87k | €282k | €255k | ▼ 9.7% |
| Trade receivables40 | €58k | €79k | €81k | €88k | €63k | ▼ 28.4% |
| Other amounts receivable41 | €127k | €4k | €7k | €194k | €192k | ▼ 1.2% |
| Cash at bank and in hand54/58 | €197k | €599k | €194k | €152k | €13k | ▼ 91.4% |
| Deferred charges and accrued income490/1 | - | €6k | €0 | €121 | €4k | ▲ 3,015% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.70M | €4.59M | €5.55M | €5.96M | €6.03M | ▲ 1.2% |
| Equity10/15 | €412k | €415k | €417k | €420k | €423k | ▲ 0.7% |
| Contributions10/11 | €400k | €400k | €400k | €400k | €400k | = |
| Reserves13 | €12k | €15k | €17k | €20k | €23k | ▲ 15.5% |
| Distributable reserves133 | €12k | €15k | €17k | €20k | €23k | ▲ 15.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €3.28M | €4.18M | €5.13M | €5.54M | €5.61M | ▲ 1.2% |
| Amounts payable after more than one year17 | €2.08M | €2.06M | €2.54M | €1.42M | €887k | ▼ 37.5% |
| Financial debts170/4 | €2.08M | €2.06M | €2.54M | €0 | - | - |
| Other amounts payable178/9 | - | - | - | €1.42M | €887k | ▼ 37.5% |
| Amounts payable within one year42/48 | €1.18M | €2.03M | €2.51M | €4.03M | €4.65M | ▲ 15.3% |
| Financial debts43 | €1.18M | €866k | €0 | - | - | - |
| Credit institutions430/8 | €1.18M | €866k | €0 | - | - | - |
| Trade debts44 | - | €8k | €30k | €19k | €0 | ▼ 100% |
| Suppliers440/4 | - | €8k | €30k | €19k | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | €892k | €2.44M | €3.96M | €4.64M | ▲ 17.1% |
| Taxes, remuneration and social security45 | - | €15k | €38k | €55k | €14k | ▼ 74.5% |
| Taxes450/3 | - | €15k | €38k | €55k | €14k | ▼ 74.5% |
| Other amounts payable47/48 | - | €245k | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €27k | €95k | €90k | €89k | €72k | ▼ 19.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €248k | €2k | €3k | €3k | ▲ 19.3% |
| Operating cash flow (approximation) | €78k | €248k | €2k | €3k | €3k | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €402k | €-406k | €-42k | €-139k | ▼ 232% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €248k ▲220%
Operating result €327k, net result €248k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.45
Current ratio from 1.11 to 2.45; short-term debt falls from €2.63M to €1.46M.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Dentergem · 1 establishment unit since 2015
Ground area
3,199 m²
Building footprint
1,096 m²
Volume, LiDAR
3,803 m³
Parcel 37006A0187/00A002, Flanders · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TEXTILE DEVELOPMENTS
since 20152.238.217.392
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37006A0187/00A002 | Flanders | 3,199 m² | 1 · 1,096 m² | 4.7 m · 1 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,886 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
42990Civil engineering
43120Site preparation
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.