Equity
€558,760 ▲ 0.3%
TITEX paid out €70,000 in dividends. That is 98% of the 2026 profit.
TITEX
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1986peak €284,227 (2007)
€172,387▲ 38.6%
lowest -€58,214 (2016)
€71,532▲ 86.0%
peak €568,765 (2024)
€558,760▲ 0.3%
€223,990▲ 52.9%
peak 6.2 FTE (2012)
2.1 FTE▼ 4.5%
Board2 names since 1983
2 directorsTHIMISTER Jean-Marc and 1 other
Owners
Documentsfilings and deeds
24-06-202698 days before the deadline
2026abbreviated format
Gross margin from €124,418 to €172,387Result from €38,463 to €71,532Dividend €70,000Debts from €146,473 to €223,990
Key points
from the 2026 annual accountsDebts
€223,990 ▲ 52.9%
Debts rose by €77,516 in 2026. A dividend stands under other debts on the balance sheet date until it is paid.
Staff
2.1 FTE from 6.2 in 2012
Between 2012 and 2026, 66% of the full-time equivalents disappeared.
Liquidity
3.24 was 4.66 in 2025
Short-term debts rose from €134,121 to €216,548.
Filings
40 annual accounts 41 filings since 1986
The last five annual accounts were filed 75 to 98 days before the end of the period.
Position in the sector
71.4%
Higher solvency than 85% of companies in retail trade. Sector median 32.7% · 710 companies.
Checked score
96
Excellent
Financially stronger than 69% of micro companies in retail trade (NACE 47)
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: 0.6% across 40,275 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025highest value
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.1%▼ -0.8 percentage points vs 01-2026
03-2026: < 0.1%▼ -0.1 percentage points 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 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 3.24, cash €232,465
Founded in 1983
Equity €558,760 (71.4% of total assets)
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 47, micro). It does better than 82% of them on solvency, 81% on liquidity, 71% on profitability and 40% on growth.
The bankruptcy probability was computed on 09-11-2026 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 28-02-2026.
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, 31,368 companies had the same profile as TITEX has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TITEX 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 31,368 companies, not a prediction for TITEX. 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 €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.24 (4.66 in 2025), above the usual 1.5. Short-term debt is 27.7% and cash 29.7% of total assets. 28.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 24-06-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
98 days early
2025
90 days early
2024
75 days early
2023
92 days early
2022
91 days early
2021
113 days early
2020
90 days early
← 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 93 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today28-02-2027 year end30-09-2027 deadline
Board and ownership
- INRO MANAGEMENT 100%score 93equity €305,192 (2025) · 30-09-2025 annual accounts of INRO MANAGEMENT
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0425195342
Registered office moved from Blegny to Herve
New registered office: 4651 Herve (Battice) Outrecour 29 · Previous registered office: route de Mortier 34, 4670 Blégny (Mortier) · Gazette deed
1 director resigning, 2 reappointments
Resignation: THIMISTER Jean-Marc (statutory director) · Reappointments: INRO MANAGEMENT and THIMISTER Jean-Marc · Permanent representative: Bertrand THIMISTER · General meeting of 16-12-2023 · Gazette deed
Resignations & appointments
General meeting of 31-12-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TITEX Herve | €782,750 | €172,387 | 71.4% | 2.1 |
| LOUIS FRANCOIS TAILOR Roeselare | €962,066 | €211,040 | 75.7% | 1.8 |
| LINGERIE DE PRINS Malle | €581,380 | €158,936 | 76.5% | 2.5 |
| D & M COMPANY Aalst | €989,042 | €227,948 | 82.4% | 2.5 |
| IRIS Kalmthout | €841,442 | €226,641 | 50.7% | 2.9 |
| PERRONSTORES Sint-Niklaas | €704,409 | €163,021 | 65.0% | 1.4 |
| BIG AND TALL Turnhout | €694,555 | €205,938 | 61.3% | 3.2 |
These companies have the same main activity as TITEX: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €581,000 and €989,000, founded between 1976 and 1988.
Official details
Source: KBO- Status
- Active since 22-12-1983Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716
- Joint committees
- 109Clothing and garment industry
- 201Independent retail
- 215White-collar workers in the clothing and garment industry · annual accounts 28-02-2026
- Establishment unit
- 2.023.775.5344651 Herve, since 01-01-1984
- Financial year end
- 28 February
- Peppol
- Reachable since 08-12-2025
Annual accounts to 28-02-2026
- €782,750▲ 11.2%
- Employeeson 28-02-2026
- 3▲ 50.0%
- Filing
- Filed on 24-06-2026, 98 days before the end of the filing period
Insights on TITEX
TITEX files the abbreviated format. That format states no turnover. The gross margin fell from €284,227 in 2007 to €172,387 in 2026.
INRO MANAGEMENT holds all the shares.
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 TITEX
- What is the company number of TITEX?
- The company number of TITEX is 0425.195.342. The VAT number is the same number with BE in front: BE 0425.195.342.
- Where is TITEX based?
- The registered office is at Outre-Cour 29, 4651 Herve.Company details
- What does TITEX do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of TITEX?
- TITEX is a private limited company (BV).
- When was TITEX founded?
- TITEX was founded on 22-12-1983.
- Is TITEX still active?
- Yes, TITEX is an active enterprise in the KBO register.
- How many employees does TITEX have?
- TITEX had an average of 2.1 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does TITEX fall under?
- In its 28-02-2026 annual accounts, TITEX states joint committees 109 (Clothing and garment industry), 201 (Independent retail) and 215 (White-collar workers in the clothing and garment industry).
- What is the turnover of TITEX?
- The turnover of TITEX was €0 in financial year 2026, according to the filed annual accounts.
- Is TITEX profitable?
- In financial year 2026, TITEX made a profit of €71,532.
- Where can I find the annual accounts of TITEX?
- TITEX filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of TITEX due?
- TITEX must file the annual accounts for financial year 2027 by 30-09-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.