Equity
TEXTILE DEVELOPMENTS has made a profit without a break since 2020.
TEXTILE DEVELOPMENTS has made a profit without a break since 2020.
Of this, €4.7m falls due within a year.
Ten of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 25% of them on solvency, 9% on liquidity, 35% on profitability and 48% 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).
In July 2024, 190 companies had the same profile as TEXTILE DEVELOPMENTS has now. Each dot is one company, two years later.
That fits the bankruptcy probability of TEXTILE DEVELOPMENTS itself: 0.2% within 12 months.
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 190 companies, not a prediction for TEXTILE DEVELOPMENTS. 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.
Liquidity is tight, with a current ratio of 1.29 (1.48 in 2024), below the usual 1.5. Short-term debt is 77.1% and cash 0.2% of total assets. 93% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TEXTILE DEVELOPMENTS Dentergem | €6.0m | €26,343 | 7.0% | 0 |
| NEXT DAY SUSTAINABLE TWO Ixelles | €5.0m | €32,036 | 68.5% | 0 |
| FUNDAMENS Anderlecht | €8.6m | €22,066 | 52.8% | 0 |
| NDC VASTGOED Antwerp | €6.0m | €30,657 | 5.3% | 0.3 |
| FRIEND HOUSE Ans | €6.7m | €68,186 | 0.8% | 0 |
| Artiér Ronse | €3.2m | €41,036 | 28.7% | 0 |
| NEXT DAY SUSTAINABLE FOUR Ixelles | €4.3m | €85,566 | 55.3% | 0 |
These companies have the same main activity as TEXTILE DEVELOPMENTS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3.2m and €8.6m, founded between 2011 and 2017.
TEXTILE DEVELOPMENTS files the abbreviated format. That format states no turnover. The gross margin rose from -€2,670 in 2015 to €26,343 in 2025.
VILLA 2000 holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €72,000. Estimated: probably between €40,000 and €150,000.
Higher than 26% of 11,299 companies in 2025.
Higher than 55% of 10,851 companies in 2025.
Higher than 40% of 11,184 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
6.0m | 6.0m | 5.6m | 4.6m | 3.7m | 3.6m | 2.9m | 4.5m | 4.2m | 3.7m | 16,551 | |
21/28 |
9,450 | 9,450 | 9,450 | 9,450 | - | - | - | - | - | - | - | |
28 |
9,450 | 9,450 | 9,450 | 9,450 | - | - | - | - | - | - | - | |
29/58 |
6.0m | 6.0m | 5.5m | 4.6m | 3.7m | 3.6m | 2.9m | 4.5m | 4.2m | 3.7m | 16,551 | |
3 |
5.8m | 5.5m | 5.3m | 3.9m | 3.3m | 2.8m | 2.3m | 3.8m | 3.8m | 3.6m | - | |
30/36 |
5.8m | 5.5m | 5.3m | 3.9m | 3.3m | 2.8m | 2.3m | 3.8m | 3.8m | 3.6m | - | |
40/41 |
254,524 | 281,870 | 87,332 | 82,609 | 184,624 | 189,314 | 121,912 | 107,314 | 226,532 | 61,071 | - | |
40 |
62,920 | 87,920 | 80,517 | 78,887 | 57,920 | 57,920 | 57,920 | 57,920 | 209,060 | 57,920 | - | |
41 |
191,604 | 193,950 | 6,815 | 3,722 | 126,704 | 131,394 | 63,992 | 49,394 | 17,472 | 3,151 | - | |
54/58 |
13,121 | 151,817 | 193,622 | 599,206 | 197,182 | 562,560 | 488,673 | 58,833 | 25,946 | 47,580 | 16,551 | |
490/1 |
3,758 | 121 | 0 | 5,837 | - | - | - | 489,767 | 116,085 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
6.0m | 6.0m | 5.6m | 4.6m | 3.7m | 3.6m | 2.9m | 4.5m | 4.2m | 3.7m | 16,551 | |
10/15 |
423,088 | 420,001 | 417,413 | 415,373 | 412,095 | 334,495 | 292,573 | 374,678 | 388,083 | 392,642 | 15,852 | |
10/11 |
400,050 | 400,050 | 400,050 | 400,050 | 400,050 | 400,050 | 400,050 | 400,050 | 400,050 | 400,050 | 18,550 | |
100 |
- | - | - | - | - | - | 400,050 | 400,050 | 400,050 | 400,050 | 18,550 | |
13 |
23,038 | 19,951 | 17,363 | 15,323 | 12,045 | - | - | - | - | - | - | |
133 |
23,038 | 19,951 | 17,363 | 15,323 | 12,045 | - | - | - | - | - | - | |
14 |
- | - | 0 | 0 | 0 | -65,555 | -107,477 | -25,372 | -11,967 | -7,408 | -2,698 | |
17/49 |
5.6m | 5.5m | 5.1m | 4.2m | 3.3m | 3.2m | 2.6m | 4.1m | 3.8m | 3.3m | 699 | |
17 |
887,054 | 1.4m | 2.5m | 2.1m | 2.1m | 1.8m | - | - | - | - | - | |
170/4 |
- | 0 | 2.5m | 2.1m | 2.1m | 1.8m | - | - | - | - | - | |
178/9 |
887,054 | 1.4m | - | - | - | - | - | - | - | - | - | |
42/48 |
4.7m | 4.0m | 2.5m | 2.0m | 1.2m | 1.5m | 2.6m | 4.1m | 3.8m | 3.3m | 699 | |
43 |
- | - | 0 | 866,032 | 1.2m | 1.5m | 1.6m | 3.2m | 3.2m | - | - | |
430/8 |
- | - | 0 | 866,032 | 1.2m | 1.5m | 1.6m | 3.2m | 3.2m | - | - | |
44 |
0 | 19,134 | 29,868 | 7,577 | - | - | 104,526 | 326,014 | 126,909 | 12,471 | - | |
440/4 |
0 | 19,134 | 29,868 | 7,577 | - | - | 104,526 | 326,014 | 126,909 | 12,471 | - | |
46 |
4.6m | 4.0m | 2.4m | 892,199 | - | - | - | 50,000 | 50,000 | 50,000 | - | |
45 |
14,004 | 54,898 | 37,722 | 15,281 | - | - | - | - | - | - | - | |
450/3 |
14,004 | 54,898 | 37,722 | 15,281 | - | - | - | - | - | - | - | |
47/48 |
- | - | 0 | 245,000 | - | - | 913,071 | 503,983 | 385,965 | 3.3m | 699 | |
492/3 |
71,595 | 89,277 | 90,087 | 95,241 | 27,262 | - | - | - | - | - | - | |
| Income statement | ||||||||||||
9900 |
26,343 | 49,543 | 87,892 | 329,447 | 127,947 | 66,235 | -62,438 | -6,413 | -2,364 | -4,254 | -2,670 | |
640/8 |
3,228 | 1,479 | 1,333 | 2,409 | 437 | 3,276 | 4,440 | 218 | 216 | 416 | - | |
9901 |
23,115 | 48,064 | 86,560 | 327,038 | 127,510 | 62,959 | -66,877 | -6,631 | -2,580 | -4,670 | -2,670 | |
75/76B |
4,929 | 121 | - | - | 0 | 39 | - | - | - | - | 3 | |
75 |
4,929 | 121 | - | - | 0 | 39 | - | - | - | - | 3 | |
65/66B |
23,743 | 44,549 | 83,777 | 77,573 | 45,219 | 21,075 | 15,228 | 6,775 | 1,979 | 40 | 30 | |
65 |
23,743 | 44,549 | 83,777 | 77,573 | 45,219 | 21,075 | 15,228 | 6,775 | 1,979 | 40 | 30 | |
9903 |
4,302 | 3,636 | 2,783 | 249,465 | 82,291 | 41,922 | -82,105 | -13,406 | -4,559 | -4,709 | -2,697 | |
67/77 |
1,215 | 1,048 | 743 | 1,187 | 4,690 | - | - | - | - | - | 1 | |
9904 |
3,087 | 2,588 | 2,040 | 248,278 | 77,601 | 41,922 | -82,105 | -13,406 | -4,559 | -4,709 | -2,698 | |
9905 |
3,087 | 2,588 | 2,040 | 248,278 | 77,601 | 41,922 | -82,105 | -13,406 | -4,559 | -4,709 | -2,698 | |
| Appropriation of the result | ||||||||||||
9906 |
3,087 | 2,588 | 2,040 | 248,278 | 12,045 | -65,555 | -107,477 | -25,372 | -11,967 | -7,408 | -2,698 | |
14P |
- | - | - | 0 | -65,555 | - | - | - | - | - | - | |
691/2 |
3,087 | 2,588 | 2,040 | 3,278 | 12,045 | - | - | - | - | - | - | |
6921 |
3,087 | 2,588 | 2,040 | 3,278 | 12,045 | - | - | - | - | - | - | |
694/7 |
- | - | 0 | 245,000 | - | - | - | - | - | - | - | |
695 |
- | - | 0 | 245,000 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
0 | 0 | 0 | 0 | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447338.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00447338 | |
| 31-12-2024 | abbreviated format | 11-08-2025 | 2025-00370061 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00433380 | |
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00353672 | |
| 31-12-2021 | abbreviated format | 09-08-2022 | 2022-20278500 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57400404 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46500377 | |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-52500210 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-49100040 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-48400495 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-50400312 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | - | - | 9,450 | - | - | - | - | - | - | - | ||
| -138,696 | -41,805 | -405,584 | 402,023 | -365,378 | 73,887 | 429,840 | 32,887 | -21,634 | 31,029 | - | ||
| 1.4m | 1.9m | 3.0m | 2.6m | 2.5m | 2.1m | 292,573 | 374,678 | 388,083 | 392,642 | 15,852 | ||
| 7.0% | 7.0% | 7.5% | 9.0% | 11.2% | 9.4% | 10.0% | 8.3% | 9.2% | 10.6% | 95.8% | ||
| 1.29 | 1.48 | 2.21 | 2.26 | 3.14 | 2.45 | 1.11 | 1.09 | 1.10 | 1.12 | 23.68 | ||
| 0.06 | 0.11 | 0.11 | 0.34 | 0.32 | 0.52 | 0.23 | 0.16 | 0.10 | 0.03 | 23.68 | ||
| 13.26 | 13.20 | 12.30 | 10.06 | 7.97 | 9.68 | 8.99 | 11.02 | 9.82 | 8.45 | 0.04 | ||
| 0.7% | 0.6% | 0.5% | 59.8% | 18.8% | 12.5% | -28.1% | -3.6% | -1.2% | -1.2% | -17.0% | ||
| 0.1% | 0.0% | 0.0% | 5.4% | 2.1% | 1.2% | -2.8% | -0.3% | -0.1% | -0.1% | -16.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | - |
| Carrying value of the mortgaged assets | €1.5m | €1.6m | €1.7m | €1.8m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €0 | - | - | €9,450 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 52% lower than in 2024 and the lowest since 2019. It is the third fall in a row.
Debt's share of the balance-sheet total stays at 93.0%.
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 29-12-2025 accounts of VILLA 2000. Every holding stands with its own latest accounts.
| PETROVSKY
establishment since 20-12-2012 · founded in 2001 |
total assets €15.6m (2025) 0475.267.138 |
| TOP HOME BUILDING
registered office since 30-12-1983 · founded in 1983 |
14 FTE (2025) 0425.230.281 |
| V & V PROJECTS
registered office since 26-10-2006 · founded in 2006 |
total assets €108,304 (2025) 0884.571.308 |
| Wright Projects
registered office since 01-10-2017 · founded in 2017 |
total assets €85,070 (2025) 0681.435.985 |
| Yuva
registered office since 14-07-2026 |
founded in 2026 1040.307.875 |
The network starts from the directors of TEXTILE DEVELOPMENTS. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Tieltstraat 36 registered office 8720 Dentergem 42990 Civil engineering | 20-01-2015 | 2.238.217.392 |
| 06-05-2025 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Verbouwen / Wijzigen Infrastructuur submitted 25-03-2025 · project 2025017050 | Harelbeke |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37006A0187/00A002 | 3,199 m² | 1 · 1,096 m² | 4.7 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0568.742.771
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