TITEX
ActiveSummary
TITEX has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557k and a net result of €38k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.66 against 5.36 in 2024; short-term debt: 19.1% and cash: 25.8% of total assets), and 20.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
79.2%
Return on assets
5.5%
Age of the figures
19 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 02-07-2025, 90 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
90 d early
2024
75 d early
2023
92 d early
2022
91 d early
2021
113 d early
2020
90 d early
2019
95 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
€0
2019 · €0
EBIT margin
Not included in this filing
Net result
€38k▼ 43.9%
2024 · €69k
Working capital
€491k▼ 3.2%
2024 · €507k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result€23k▼ 14.2%€111k▲ 386%€154k▲ 38.1%€75k▼ 51.0%€39k▼ 48.4%
Net result€23k▼ 11.8%€90k▲ 284%€125k▲ 38.1%€69k▼ 44.9%€38k▼ 43.9%
Equity€285k▲ 9.0%€376k▲ 31.6%€500k▲ 33.2%€569k▲ 13.7%€557k▼ 2.0%
Total assets€435k▼ 0.7%€481k▲ 10.6%€617k▲ 28.3%€703k▲ 13.8%€704k▲ 0.2%
Debt€150k▼ 15.0%€106k▼ 29.5%€117k▲ 11.0%€134k▲ 14.1%€146k▲ 9.5%
Working capital€247k▲ 22.9%€324k▲ 30.9%€447k▲ 38.0%€507k▲ 13.5%€491k▼ 3.2%
Staff (FTE)1.9▲ 111%2.9▲ 52.6%1.9▼ 34.5%1.5▼ 21.1%2.2▲ 46.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€79k ▼ 0.1%
Current assets
€625k ▲ 0.2%
Equity and liabilities €704k
Equity
€557k ▼ 2.0%
Debt
€146k ▲ 9.5%
Debt's share of the balance-sheet total rises from 19.0% to 20.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▼
2024 · €85k
Cash flow
€48k▼
2024 · €79k
Current ratio
4.66▼
2024 · 5.36
Quick ratio
1.86▼
2024 · 2.23
Debt to equity
0.26▲
2024 · 0.24
ROE
6.9%▼
2024 · 12.1%
ROA
5.5%▼
2024 · 9.8%
Interest coverage
11.56▼
2024 · 16.04
Debt ≤ 1 year
€134k▲
2024 · €116k
Debt > 1 year
€12k▼
2024 · €17k
Income taxes
€16k▼
2024 · €27k
Staff costs
€76k▲
2024 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €54k | €48k | €59k | €76k | ▲ 28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €19k | €9k | €10k | €10k | ▼ 4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-15k | €3k | €12k | €-2k | ▼ 114% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €2k | ▲ 24.7% |
| Gross operating margin9900 | €107k | €171k | €215k | €158k | €124k | ▼ 21.3% |
| Operating profit (loss)9901 | €23k | €111k | €154k | €75k | €39k | ▼ 48.4% |
| Financial income75/76B | - | €17k | €21k | €25k | €20k | ▼ 19.6% |
| Recurring financial income75 | €14k | €17k | €21k | €25k | €20k | ▼ 19.6% |
| Financial charges65/66B | - | €5k | €6k | €5k | €4k | ▼ 21.3% |
| Recurring financial charges65 | €4k | €5k | €6k | €5k | €4k | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | €32k | €124k | €169k | €95k | €55k | ▼ 42.3% |
| Income taxes67/77 | €9k | €33k | €45k | €27k | €16k | ▼ 38.3% |
| Profit (loss) for the period9904 | €23k | €90k | €125k | €69k | €38k | ▼ 43.9% |
| Transfer from tax-exempt reserves789 | - | €9k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23k | €99k | €125k | €69k | €38k | ▼ 43.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €435k | €481k | €617k | €703k | €704k | ▲ 0.2% |
| Fixed assets21/28 | €89k | €79k | €76k | €79k | €79k | ▼ 0.1% |
| Intangible fixed assets21 | €0 | €5k | €4k | €3k | €2k | ▼ 40.9% |
| Tangible fixed assets22/27 | €65k | €50k | €48k | €52k | €53k | ▲ 1.9% |
| Plant, machinery and equipment23 | - | €3k | €4k | €3k | €2k | ▼ 43.8% |
| Furniture and vehicles24 | - | €3k | €4k | €6k | €4k | ▼ 35.8% |
| Other tangible fixed assets26 | - | €45k | €40k | €43k | €48k | ▲ 10.1% |
| Assets under construction and advance payments27 | - | - | €0 | - | - | - |
| Financial fixed assets28 | €24k | €24k | €24k | €24k | €24k | = |
| Current assets29/58 | €346k | €402k | €542k | €624k | €625k | ▲ 0.2% |
| Stocks and contracts in progress3 | €277k | €260k | €301k | €364k | €375k | ▲ 3.1% |
| Stocks30/36 | - | €260k | €301k | €364k | €375k | ▲ 3.1% |
| Amounts receivable within one year40/41 | €23k | €21k | €28k | €31k | €61k | ▲ 95.6% |
| Trade receivables40 | - | €4k | €8k | €5k | €6k | ▲ 11.3% |
| Other amounts receivable41 | - | €17k | €20k | €26k | €56k | ▲ 112% |
| Cash at bank and in hand54/58 | €40k | €115k | €208k | €222k | €181k | ▼ 18.3% |
| Deferred charges and accrued income490/1 | - | €6k | €5k | €7k | €7k | ▲ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €435k | €481k | €617k | €703k | €704k | ▲ 0.2% |
| Equity10/15 | €285k | €376k | €500k | €569k | €557k | ▼ 2.0% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €260k | €351k | €475k | €544k | €532k | ▼ 2.2% |
| Non-distributable reserves130/1 | - | €3k | €3k | €0 | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | - | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €348k | €473k | €544k | €532k | ▼ 2.2% |
| Profit (loss) carried forward14 | €343 | €68 | €66 | €65 | €228 | ▲ 249% |
| Amounts payable17/49 | €150k | €106k | €117k | €134k | €146k | ▲ 9.5% |
| Amounts payable after more than one year17 | €39k | €27k | €22k | €17k | €12k | ▼ 29.5% |
| Financial debts170/4 | - | €27k | €22k | €17k | €12k | ▼ 29.5% |
| Amounts payable within one year42/48 | €99k | €78k | €95k | €116k | €134k | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | - | €12k | €5k | €5k | €5k | ▲ 1.3% |
| Trade debts44 | €55k | €36k | €64k | €84k | €51k | ▼ 39.6% |
| Suppliers440/4 | - | €36k | €64k | €84k | €51k | ▼ 39.6% |
| Advances received on contracts in progress46 | - | €10k | €10k | €11k | €12k | ▲ 9.4% |
| Taxes, remuneration and social security45 | - | €16k | €16k | €15k | €15k | ▼ 3.4% |
| Taxes450/3 | - | €8k | €9k | €6k | €4k | ▼ 32.2% |
| Remuneration and social security454/9 | - | €8k | €7k | €9k | €11k | ▲ 15.8% |
| Other amounts payable47/48 | - | €5k | €0 | €1k | €52k | ▲ 3,559% |
| Accrued charges and deferred income492/3 | - | €59 | €0 | €158 | €228 | ▲ 44.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €90k | €125k | €69k | €38k | ▼ 43.9% |
| + Depreciation and write-downs630 | €21k | €19k | €9k | €10k | €10k | ▼ 4.6% |
| Operating cash flow (approximation) | €44k | €109k | €134k | €79k | €48k | ▼ 38.9% |
| Investment in fixed assets (approximation) | - | €-9k | €-5k | €-13k | €-10k | ▲ 28.7% |
| Change in cash | - | €75k | €92k | €14k | €-41k | ▼ 389% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
28-02
Financial
Highest result since 2019net €125k ▲38.1%
Operating result €154k, net result €125k, both a record.
28-02
Financial
Equity above €500kEq €500k ▲33.2%
5 profitable years in a row build equity to €500k.
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
28-02
Financial
Weakest financial yearnet €23k ▼11.8%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Herve · 1 establishment unit since 1984
Ground area
1,087 m²
Building footprint
397 m²
Volume, LiDAR
2,610 m³
Parcel 63006D0657/00H000, Wallonia · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
THIMISTER Men
since 19842.023.775.534
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0657/00H000 | Wallonia | 1,087 m² | 1 · 397 m² | 11.5 m · 2 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 6,498 companies in sector 47716 we hold annual accounts for 2,438. 1,403 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
Founded22-12-1983
Fiscal year end28-02
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Contact
Scores and ratios are computed by Checked and are not a credit decision.