Tissage Gustave Mahieu
ActiveSummary
Tissage Gustave Mahieu has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €642k and a net result of €80k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 53% of 231 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77=
Solvency77▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 1.8 in 2023; short-term debt: 37.5% and cash: 4.5% of total assets), and 48.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €642k
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 30-06-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
5 d early
2022
8 d early
2021
7 d early
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€642k▲ 14.2%
2023 · €562k
2018: €534k
2019: €546k
2020: €546k
2021: €547k
2022: €556k
2023: €562k
2018 → 2024
Total assets
€1.24M▲ 8.0%
2023 · €1.14M
2018: €1.02M
2019: €838k
2020: €824k
2021: €946k
2022: €1.01M
2023: €1.14M
2018 → 2024
Net result
€80k▲ 5.4%
2023 · €76k
2018: €37k
2019: €11k
2020: €47k
2021: €108k
2022: €119k
2023: €76k
2018 → 2024
Working capital
€560k▲ 23.0%
2023 · €456k
2018: €492k
2019: €520k
2020: €530k
2021: €546k
2022: €489k
2023: €456k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€546k-€547k▲ 0.2%€556k▲ 1.7%€562k▲ 1.0%€642k▲ 14.2%
Operating result€72k-€157k▲ 120%€155k▼ 1.6%€104k▼ 32.5%€122k▲ 16.9%
Net result€47k-€108k▲ 128%€119k▲ 10.5%€76k▼ 36.5%€80k▲ 5.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.24M
Fixed assets
€212k ▲ 80.7%
Current assets
€1.02M ▼ 0.3%
Equity and liabilities €1.24M
Equity
€642k ▲ 14.2%
Provisions
€110k
Debt
€484k ▼ 16.9%
Debt's share of the balance-sheet total falls from 50.9% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€149k▲
2023 · €122k
Cash flow
€106k▲
2023 · €93k
Current ratio
2.21▲
2023 · 1.80
Quick ratio
1.85▲
2023 · 1.56
Debt to equity
0.75▼
2023 · 1.04
ROE
12.4%▼
2023 · 13.5%
ROA
6.5%▼
2023 · 6.6%
Interest coverage
15.65▲
2023 · 8.58
Debt ≤ 1 year
€464k▼
2023 · €572k
Debt > 1 year
€20k▲
2023 · €11k
Income taxes
€33k▲
2023 · €25k
Staff costs
€46k▲
2023 · €43k
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 · 2024 against 2023 · 69 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.14M€1.24M▲
Fixed assets21/28€117k€212k▲
Tangible fixed assets22/27€117k€212k▲
Land and buildings22€58k€134k▲
Plant, machinery and equipment23€34k€56k▲
Furniture and vehicles24€26k€21k▼
Current assets29/58€1.03M€1.02M▼
Amounts receivable after more than one year29€450k€450k=
Trade receivables290-€450k
Other amounts receivable291€450k-
Stocks and contracts in progress3€135k€167k▲
Stocks30/36€135k€167k▲
Amounts receivable within one year40/41€355k€342k▼
Trade receivables40€192k€247k▲
Other amounts receivable41€163k€95k▼
Cash at bank and in hand54/58€86k€56k▼
Deferred charges and accrued income490/1€813€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.24M▲
Equity10/15€562k€642k▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€438k€438k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€190k€190k=
Distributable reserves133€236k€236k=
Profit (loss) carried forward14€0€80k▲
Provisions and deferred taxes16€0€110k▲
Provisions for liabilities and charges160/5€0€110k▲
Major repairs and maintenance162-€110k
Other liabilities and charges164/5€0-
Amounts payable17/49€583k€484k▼
Amounts payable after more than one year17€11k€20k▲
Financial debts170/4€11k€20k▲
Amounts payable within one year42/48€572k€464k▼
Current portion of amounts payable after more than one year42€3k€6k▲
Financial debts43€100k€101k▲
Credit institutions430/8-€101k
Other loans439€100k-
Trade debts44€390k€332k▼
Suppliers440/4€390k€332k▼
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€2k€0▼
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€70k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€5k€13k▲
Remuneration, social security and pensions62€43k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€26k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€110k
Other operating charges640/8€12k€30k▲
Gross operating margin9900€177k€334k▲
Operating profit (loss)9901€104k€122k▲
Financial income75/76B€11k€262▼
Recurring financial income75€11k€262▼
Financial charges65/66B€14k€9k▼
Recurring financial charges65€14k€9k▼
Profit (loss) for the period before taxes9903€101k€113k▲
Income taxes67/77€25k€33k▲
Profit (loss) for the period9904€76k€80k▲
Profit (loss) for the period to be appropriated9905€76k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€80k▲
Transfer to equity691/2€6k-
To other reserves6921€6k-
Profit to be distributed694/7€70k-
Return on contributions (dividend)694€70k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-08
State Gazette act
Resignation: XAVIER MAHIEU AGENCIES NV (director)Permanent representatives: Christine Michiels and Ann-Gaëlle Mahieu · Appointment: MADELCO VOF (director)5 facts ▸
State Gazette act
Resignation: XAVIER MAHIEU AGENCIES NV (director)
Permanent representatives: Christine Michiels and Ann-Gaëlle Mahieu · Appointment: MADELCO VOF (director)5 facts ▸
- General meeting, 01/06/2026
- Director resignation, XAVIER MAHIEU AGENCIES NV (director)
- Permanent representative, Christine Michiels
- Director appointment, MADELCO VOF (director)
- Permanent representative, Ann-Gaëlle Mahieu
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Highest result since 2018net €119k ▲10.5%
Net result €119k, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-11
Financial
Weakest financial yearnet €11k ▼69.8%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
MADELCO VOF
CurrentDirector · since 01-06-2026 · Legal entity · perm. rep.: Ann-Gaëlle Mahieu
01-06-2026
MADELCO VOF: Appointed as Director
01-06-2026
XAVIER MAHIEU AGENCIES NV: Resigned as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1936
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.
Posterijstraat 548793 WaregemGround area
4,397 m²
Building footprint
2,993 m²
Volume, LiDAR
17,144 m³
Parcel 34035A0199/00N002, Flanders · tallest building 17.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Posterijstraat 54, 8793 Waregem
since 19362.003.080.286
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0199/00N002 | Flanders | 4,397 m² | 1 · 2,993 m² | 17.7 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 2023 · 3 entries · 6,450 EUR awarded · 6,450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 4,500 EUR | 6,450 EUR |
| 2022 | 1 | 1,950 EUR | 0 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Cositex
BE 0406.440.193
Zwevegem · Eq €626k
VEEMMA
BE 0560.666.730
Brugge · Eq €620k
REDA INDUSTRIES S.R.L.
BE 1009.796.823
Valdilana · Eq €740k
Tyber - Anciens Etablissements Gustave Tyberghein
BE 0405.518.891
Kortrijk · Eq €741k
CHRIVANTEX
BE 0473.688.612
Waregem · Eq €747k
Of 136 companies in sector 13200 we hold annual accounts for 85. 59 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
Founded01-01-1968
Fiscal year end30-11
Activities, NACEBEL 2025
13200Manufacture of textiles
17240Manufacture of paper and paper products
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
1. Jaarverslag 2. Goedkeuring jaarrekening en resultatenrekening. 3. Winstverdeling. 4. Kwijting bestuurders. 5. Kwijting commissaris-revisor. 6. Benoeming bestuurder. 7. Diversen. Kandidaturen voor de functie van bestuurder dienen uiterlijk op 14/04/2010 op de zetel toe te komen. (AOPC-1-10-02291/ 24.03) (9347) Société des Marchés Extérieurs, en abrégé : ″Somex″, société anonyme, avenue des Arts 1-2, bte 8, 1210 BRUXELLES Numéro d’entreprise 402.178.232 L’assemblée générale ordinaire se tiendra le 13 avril 2010, à 15 heures, au siège social. Ordre du jour : 1. Rapport du conseil d’administration. 2. Lecture du rapport du commissaire-réviseur. 3. Approbation des comptes annuels au 31/12/09. ...