TREATEX
ActiveSummary
TREATEX has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of €3.1m. Equity has been growing by about 4.6% per year since 2018. Its solvency ranks better than 64% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-06-1989 Normal situation
- Activity
- Wholesale trade NACE 46120and 2 others
- Joint committees
- 207 Paritair Comité voor de bedienden uit de scheikundige nijverheid
- 116 Paritair Comité voor de scheikundige nijverheid · annual accounts 2025
- Establishment units
- 2.310.365.794 3600 Genk, since 01-11-2020
- 2.310.365.893 3600 Genk, since 01-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- De Maeyer DennisDirector · since 25-05-2018
- TODEXDirector · since 29-05-2024 · permanent representative Tom De Maeyer
Shareholders
- TODEX80%2025 annual accounts of TODEX
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €5.0m
- ▲ 382%
- Turnover
- ≈ €21.0m
- estimated
- Profit
- €3.1m
- ▲ 641×
- Equity
- €6.9m
- ▲ 82.1%
- Total assets
- €12.1m
- ▲ 22.8%
- Employees on 31-12-2025
- 11
- =
Score breakdownlowers riskFounded in 1989Profit of €3.1m (financial year 2025)Equity €6.9m (57.5% of total assets)Size: 8.5 FTE, total assets €12.1mShow the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 72% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
82+18
equity 57.5% of total assets
Liquidity
40+17
short-term debt 35.0% · cash 4.5%
Profitability
100+58
return on assets 25.9%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025highest value
06-2025: 0.5%▼ -0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.5 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.27 (1.28 in 2024), above the usual 1.5. Short-term debt is 35% and cash 4.5% of total assets. 42.5% of the assets are financed with debt and provisions.
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 46, micro). It does better than 64% of them on solvency, 38% on liquidity, 95% on profitability and 92% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
76 days early
2023
68 days early
2022
3 days late
2021
19 days early
2020
18 days early
2019
31 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 37 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-06-2026 PDF all 36 filings
Turnover
≈ €21.0m
Estimated: probably between €13.0m and €35.0m
Total assets
€12.1m▲ 22.8%
2024 · €9.8m
Net result
€3.1m▲ 641×
2024 · €4,882
Working capital
€5.4m▲ 265%
2024 · €1.5m
In the rankings
#10 company by equity in Genk, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4.2m
▲ 21×
2025
20182025
Net result
€3.1m
▲ 641×
2025
highest quarter of the sector
20182025
Equity
€6.9m
▲ 82.1%
2025
highest quarter of the sector
20182025
Total assets
€12.1m
▲ 22.8%
2025
highest quarter of the sector
20182025
Debt
€4.6m
▼ 20.9%
2025
20182025
Working capital
€5.4m
▲ 265%
2025
highest quarter of the sector
20182025
Solvency
57.5%
▲ 18.7pp
2025
middle half of the sector
20182025
Current ratio
2.27
▲ 0.99
2025
middle half of the sector
20182025
Return on assets (ROA)
25.9%
▲ 25.9pp
2025
highest quarter of the sector
20182025
Staff (FTE)
8.5
▲ 1.2%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.1m▼ 66.9%€0.1m▼ 19.7%€0.3m▲ 221%€1.4m▲ 336%€0.1m▼ 92.8%€0.2m▲ 96.3%€4.2m▲ 21×
Net result€0.3m-€0.1m▼ 52.6%€0.2mabove the sector's middle half▲ 26.2%€0.3mabove the sector's middle half▲ 85.8%€1.0mabove the sector's middle half▲ 243%-€0.01mbelow the sector's middle half€0.005mwithin the sector's middle half€3.1mabove the sector's middle half▲ 641×
Equity€3.7m-€3.8m▲ 3.4%€4.0mabove the sector's middle half▲ 4.2%€4.3mabove the sector's middle half▲ 7.5%€4.7mabove the sector's middle half▲ 9.9%€3.8mabove the sector's middle half▼ 18.6%€3.8mabove the sector's middle half▲ 0.1%€6.9mabove the sector's middle half▲ 82.1%
Total assets€7.8m-€9.0m▲ 14.7%€9.2mabove the sector's middle half▲ 3.1%€10.5mabove the sector's middle half▲ 13.8%€11.2mabove the sector's middle half▲ 6.2%€9.8mabove the sector's middle half▼ 12.0%€9.8mabove the sector's middle half▲ 0.2%€12.1mabove the sector's middle half▲ 22.8%
Debt€4.1m-€5.2m▲ 24.8%€5.3m▲ 2.4%€6.3m▲ 18.5%€6.3m▲ 0.7%€5.8m▼ 7.3%€5.9m▲ 0.4%€4.6m▼ 20.9%
Working capital€1.1m-€3.5m▲ 227%€3.6mabove the sector's middle half▲ 3.1%€1.2mabove the sector's middle half▼ 67.4%€2.2mabove the sector's middle half▲ 84.0%€1.4mabove the sector's middle half▼ 37.1%€1.5mabove the sector's middle half▲ 6.8%€5.4mabove the sector's middle half▲ 265%
Solvency47.1%-42.4%▼ 4.6pp42.9%within the sector's middle half▲ 0.4pp40.5%within the sector's middle half▼ 2.4pp41.9%within the sector's middle half▲ 1.4pp38.8%within the sector's middle half▼ 3.1pp38.8%within the sector's middle half=57.5%within the sector's middle half▲ 18.7pp
Current ratio1.34-2.69▲ 1.352.56within the sector's middle half▼ 0.131.21within the sector's middle half▼ 1.351.36within the sector's middle half▲ 0.161.26within the sector's middle half▼ 0.101.28within the sector's middle half▲ 0.022.27within the sector's middle half▲ 0.99
Return on assets (ROA)3.4%-1.4%▼ 2.0pp1.7%within the sector's middle half▲ 0.3pp2.8%within the sector's middle half▲ 1.1pp9.1%within the sector's middle half▲ 6.3pp-0.1%below the sector's middle half▼ 9.2pp0.0%below the sector's middle half▲ 0.2pp25.9%above the sector's middle half▲ 25.9pp
Staff (FTE)5.2-6.9▲ 32.7%7.3within the sector's middle half▲ 5.8%7.6within the sector's middle half▲ 4.1%9.2above the sector's middle half▲ 21.1%9.3above the sector's middle half▲ 1.1%8.4above the sector's middle half▼ 9.7%8.5above the sector's middle half▲ 1.2%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is nearly 21 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Large changes and their cause
- 2022 Net result +243% on 2021. Demerger to E & B Consulting, Official Gazette 14-06-2022.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.1m
Fixed assets
€2.5m ▼ 18.8%
Current assets
€9.6m ▲ 41.5%
Equity and liabilities €12.1m
Equity
€6.9m ▲ 82.1%
Provisions
€501,431 ▲ 204%
Debt
€4.6m ▼ 20.9%
Debt's share of the balance-sheet total falls from 59.6% to 38.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.6m▲
2024 · €575,381
Cash flow
€3.5m▲
2024 · €374,787
Quick ratio
1.39▲
2024 · 0.58
Debt to equity
0.67▼
2024 · 1.54
ROE
45.1%▲
2024 · 0.1%
Interest coverage
32.87▲
2024 · 2.72
Debt ≤ 1 year
€4.2m▼
2024 · €5.3m
Debt > 1 year
€405,811▼
2024 · €548,390
Income taxes
€686,930▲
2024 · €23,856
Staff costs
€321,663▼
2024 · €338,696
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 10 | 10 | 11 | 11 |
| full-time | 7 | 9 | 4 | 4 | 5 |
| part-time | 0 | 1 | 6 | 7 | 6 |
| in full-time equivalents | 7 | 9.6 | 7.4 | 8.4 | 8.5 |
| Average over the year, in full-time equivalents | 7.6 | 9.2 | 9.3 | 8.4 | 8.5 |
| On a permanent contract | 6 | 9 | 10 | 9 | 10 |
| Joined | 1 | 8 | 4 | 5 | - |
| Left | 2 | 5 | 4 | 4 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €442,296 | €737,528 | €788,609 | €932,721 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €629,264 | €455,663 | €526,337 | €294,707 | €325,043 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €315,473 | €324,514 | €342,791 | €369,905 | €364,527 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €116 awarded · €116 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.02m | €0.9m | €0.01m | €0 | €0.002m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 1.5% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.05m | €0.05m | €0.1m | €0.07m | ▼ 40.3% |
| Non-recurring operating charges66A | - | - | - | €0.04m | €0 | - | €0.001m | €0.003m | ▲ 296% |
| Gross operating margin9900 | €0.9m | €0.8m | €0.8m | €1.0m | €2.1m | €0.8m | €1.0m | €5.0m | ▲ 382% |
| Operating profit (loss)9901 | €0.4m | €0.1m | €0.1m | €0.3m | €1.4m | €0.1m | €0.2m | €4.2m | ▲ 21× |
| Financial income75/76B | - | - | - | €0.1m | €262 | €0.01m | €0.02m | €0.07m | ▲ 174% |
| Recurring financial income75 | €0.1m | €0.1m | €0.2m | €0.1m | €262 | €0.01m | €0.02m | €0.07m | ▲ 174% |
| Financial charges65/66B | - | - | - | €0.06m | €0.05m | €0.1m | €0.2m | €0.1m | ▼ 34.0% |
| Recurring financial charges65 | €0.07m | €0.07m | €0.06m | €0.06m | €0.05m | €0.1m | €0.2m | €0.1m | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.2m | €0.2m | €0.4m | €1.4m | -€0.02m | €0.02m | €4.2m | ▲ 219× |
| Transfer from deferred taxes780 | - | - | - | - | €0.004m | €0.01m | €0.01m | €0.03m | ▲ 196% |
| Transfer to deferred taxes680 | - | - | - | - | €0.2m | €0 | - | €0.4m | - |
| Income taxes67/77 | €0.2m | €0.07m | €0.07m | €0.1m | €0.2m | €0.001m | €0.02m | €0.7m | ▲ 29× |
| Profit (loss) for the period9904 | €0.3m | €0.1m | €0.2m | €0.3m | €1.0m | -€0.01m | €0.005m | €3.1m | ▲ 641× |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.01m | €0.04m | €0.03m | €0.09m | ▲ 196% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.6m | €0 | - | €2.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.1m | €0.2m | €0.3m | €0.4m | €0.03m | €0.03m | €1.1m | ▲ 33× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.8m | €9.0m | €9.2m | €10.5m | €11.2m | €9.8m | €9.8m | €12.1m | ▲ 22.8% |
| Fixed assets21/28 | €3.5m | €3.3m | €3.2m | €3.6m | €3.0m | €3.1m | €3.1m | €2.5m | ▼ 18.8% |
| Intangible fixed assets21 | €0.007m | €0.006m | €0.005m | €0.005m | €0.004m | €0.003m | €0.002m | €0.001m | ▼ 40.5% |
| Tangible fixed assets22/27 | €3.5m | €3.3m | €3.2m | €3.5m | €3.0m | €3.1m | €3.1m | €2.5m | ▼ 18.8% |
| Land and buildings22 | - | - | - | €3.1m | €2.5m | €2.8m | €2.6m | €2.0m | ▼ 23.3% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 14.8% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.07m | €0.07m | €0.05m | €0.04m | ▼ 12.2% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.09m | €0.08m | €0.07m | €0.06m | ▼ 14.8% |
| Financial fixed assets28 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €4.3m | €5.6m | €6.0m | €7.0m | €8.2m | €6.7m | €6.8m | €9.6m | ▲ 41.5% |
| Stocks and contracts in progress3 | €2.2m | €3.6m | €3.6m | €3.7m | €4.0m | €3.7m | €3.7m | €3.7m | ▲ 0.5% |
| Stocks30/36 | - | - | - | €3.7m | €4.0m | €3.7m | €3.7m | €3.7m | ▲ 0.5% |
| Amounts receivable within one year40/41 | €2.0m | €2.0m | €2.4m | €3.1m | €1.3m | €1.1m | €1.3m | €3.6m | ▲ 175% |
| Trade receivables40 | - | - | - | €0.7m | €0.8m | €0.4m | €0.6m | €0.7m | ▲ 25.1% |
| Other amounts receivable41 | - | - | - | €2.4m | €0.5m | €0.7m | €0.7m | €2.9m | ▲ 293% |
| Current investments50/53 | - | - | €266 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Cash at bank and in hand54/58 | €0.006m | €0.03m | €0.002m | €0.08m | €1.2m | €0.2m | €0.06m | €0.5m | ▲ 782% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.03m | €0.04m | €0.04m | €0.05m | ▲ 20.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.8m | €9.0m | €9.2m | €10.5m | €11.2m | €9.8m | €9.8m | €12.1m | ▲ 22.8% |
| Equity10/15 | €3.7m | €3.8m | €4.0m | €4.3m | €4.7m | €3.8m | €3.8m | €6.9m | ▲ 82.1% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | - | - | - | €1.7m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | - | - | - | €1.7m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | €2.0m | €2.1m | €2.3m | €2.6m | €3.2m | €2.4m | €2.4m | €5.5m | ▲ 132% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Own shares acquired1312 | - | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.6m | €0.5m | €0.5m | €2.5m | ▲ 387% |
| Distributable reserves133 | - | - | - | €2.4m | €0.9m | €0.03m | €0.06m | €1.2m | ▲ 20× |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 204% |
| Deferred taxes168 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 204% |
| Amounts payable17/49 | €4.1m | €5.2m | €5.3m | €6.3m | €6.3m | €5.8m | €5.9m | €4.6m | ▼ 20.9% |
| Amounts payable after more than one year17 | €0.9m | €3.1m | €2.9m | €0.4m | €0.3m | €0.5m | €0.5m | €0.4m | ▼ 26.0% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.5m | €0.5m | €0.4m | ▼ 26.0% |
| Amounts payable within one year42/48 | €3.2m | €2.1m | €2.3m | €5.8m | €6.0m | €5.3m | €5.3m | €4.2m | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 119% |
| Financial debts43 | - | - | - | €3.1m | €3.0m | €3.0m | €3.0m | €1.8m | ▼ 40.7% |
| Credit institutions430/8 | - | - | - | €3.1m | €3.0m | €3.0m | €3.0m | €1.8m | ▼ 40.7% |
| Trade debts44 | €0.02m | €0.04m | €0.09m | €0.5m | €0.9m | €0.4m | €0.5m | €0.3m | ▼ 29.1% |
| Suppliers440/4 | - | - | - | €0.5m | €0.9m | €0.4m | €0.5m | €0.3m | ▼ 29.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.08m | €0.06m | €0.04m | ▼ 41.9% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.05m | €0.009m | €0.008m | ▼ 3.5% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.05m | €0.03m | ▼ 48.2% |
| Other amounts payable47/48 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.05m | €0.004m | €0 | - | €343 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.1m | €0.2m | €0.3m | €1.0m | -€0.01m | €0.005m | €3.1m | ▲ 641× |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 1.5% |
| Operating cash flow (approximation) | €0.7m | €0.5m | €0.5m | €0.6m | €1.3m | €0.3m | €0.4m | €3.5m | ▲ 832% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.3m | -€0.6m | €0.3m | -€0.5m | -€0.3m | €0.2m | - |
| Change in cash | - | €0.03m | -€0.03m | €0.07m | €1.1m | -€1.1m | -€0.1m | €0.5m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as TREATEX has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TREATEX itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 TREATEX. 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.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00144343 | |
| 31-12-2024 | abbreviated format | 16-05-2025 | 2025-00096074 | |
| 31-12-2023 | abbreviated format | 24-05-2024 | 2024-00094964 | |
| 31-12-2022 | abbreviated format | 03-08-2023 | 2023-00309772 | |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20175188 | |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-35500141 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-24500355 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-41400340 | |
| 31-12-2017 | abbreviated format | 25-06-2018 | 2018-23100427 | |
| 31-12-2016 | abbreviated format | 27-09-2017 | 2017-63300287 |
Board & ownership
Directors
Directors
2 directors, last change in 2024
Board 2
De Maeyer Dennis
Current
TODEX
Current
Director · since 29-05-2024 · 6-year term from 2024 · Private limited company · permanent representative: Tom De Maeyer · listed in the 2025 annual accounts, filed on 08-06-2026
Permanent representatives 1
Tom De Maeyer
Current
Permanent representative · appointed in the act of 09-07-2024 · for TODEX
Owners and capital
Shareholders
1 ownerChain of control
- TODEX
- TREATEX
Owners 1
-
80%
Capital transactions
Capital over time
- 14-06-2022 Capital reduction of €222,128.67 · to €1,438,771.33
- 10-02-2022 Capital stated in the deed · €1,660,900 · 13,400 shares
Mandate history
5 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Maeyer Dennis |
|
| TODEX |
|
| Tom De Maeyer |
|
| BELLINKX Edwig Leona Rina |
|
| DE MAEYER Dirk Eduard Maria |
|
Network & group
Acquisitions and mergers
1 transactionSplit off to:E & B Consulting
Companies at the same address
1 other companyConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
08-06
abbreviated format · 53 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €3.1m ▲63,962%
The operating result of €4.2m and the net result of €3.1m are both a record.
31-12
Financial
Equity above €5mequity €6.9m ▲82.1%
After 2 profitable years in a row, equity reaches €6.9m.
16-05
abbreviated format · 76 days before the deadline
2024
31-12
Financial
Back to profitnet €4,882
The net result is €4,882, after one loss-making year.
09-07
Gazette deed
1 director appointed, 1 director resigningResignation: Tom De Maeyer (director) · Appointment: TODEX BV (director) · Permanent representative: Tom De Maeyer8 points ▸
Gazette deed
1 director appointed, 1 director resigning
Resignation: Tom De Maeyer (director) · Appointment: TODEX BV (director) · Permanent representative: Tom De Maeyer8 points ▸
- General meeting, 29-05-2024
- Director resignation, Tom De Maeyer (director)
- Director discharge, Tom De Maeyer
- Other provision, “eerstvolgende gewone algemene vergadering, toekomstige algehele kwijting” (deed in Dutch)
- Director appointment, TODEX BV (director)
- Permanent representative, Tom De Maeyer
- Board composition, Dennis De Maeyer (lid bestuursorgaan)
- Board composition, TODEX BV (lid bestuursorgaan)
24-05
abbreviated format · 68 days before the deadline
2023
31-12
Financial
Weakest financial yearnet -€10,945
The net result drops to -€10,945, the lowest from 2018 to 2025. It recovers the following year.
03-08
abbreviated format · 3 days late
2022
28-07
Gazette deed
Registered office moved from Antwerpen to GenkNew seat: 3600 Genk, Vaartstraat 34 · Previous seat: 2060 Antwerpen, Carnotstraat 5 bus 152 points ▸
Gazette deed
Registered office moved from Antwerpen to Genk
New seat: 3600 Genk, Vaartstraat 34 · Previous seat: 2060 Antwerpen, Carnotstraat 5 bus 152 points ▸
- Board meeting, 14-02-2022
- Registered-office move, 3600 Genk,Vaartstraat 34
12-07
abbreviated format · 19 days before the deadline
14-06
Gazette deed
Demerger: TREATEX splits off to E & B ConsultingCapital decrease of €222,128.67 to €1,438,771.33 · Resignations: BELLINKX Edwig Leona Rina (director) and DE MAEYER Dirk Eduard Maria (director) · Permanent representative: VANSTIPELEN Werner34 points ▸
Gazette deed
Demerger: TREATEX splits off to E & B Consulting
Capital decrease of €222,128.67 to €1,438,771.33 · Resignations: BELLINKX Edwig Leona Rina (director) and DE MAEYER Dirk Eduard Maria (director) · Permanent representative: VANSTIPELEN Werner34 points ▸
- General meeting, 31-03-2022
- Other provision, “kennisname en bevestiging splitsingsvoorstel, voorlezing door voorzitter” (deed in Dutch)
- Other provision, “kennisname verslagen partiële splitsing, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “kennisname artikel 12:77 in fine WVV, niet van toepassing wanneer aandelen van elk van de nieuwe vennootschappen worden uitgegeven aan vennoten of aandeelhouder…” (deed in Dutch)
- Other provision, “kennisname artikel 12:78 in fine WVV, niet van toepassing indien alle vennoten of aandeelhouders en houders van andere stemrechtverlenende effecten in elke betr…” (deed in Dutch)
- Other provision, “uitdrukkelijk en unaniem, toepassing en afstand splitsingsverslagen artikelen 12:77 en 12:78 in fine” (deed in Dutch)
- Other provision, “tussentijdse cijfers en afstand kennisnamerecht, c) Tussentijdse cijfers en wijzigingen van activa en passiva” (deed in Dutch)
- Other provision, “Verantwoordelijkheid van de oprichters betreffende de inbreng in natura” (deed in Dutch)
- Other provision, “Verantwoordelijkheid van de bedrijfsrevisor betreffende de inbreng in natura” (deed in Dutch)
- Other provision, 15-03-2022
- Other provision, “neerlegging revisoraal verslag, origineel exemplaar revisoraal verslag” (deed in Dutch)
- Demerger, “goedkeuring splitsingsvoorstel en met splitsing gelijkgestelde verrichting, binnen wettelijke voorwaarden en modaliteiten” (deed in Dutch)
- The act holds 22 more points.
Show earlier events
14-04
Gazette deed
Registered office moved from Antwerpen to GenkNew seat: 3600 Genk, Vaartstraat 34 · Previous seat: 2060 Antwerpen, Carnotstraat 5 bus 152 points ▸
Gazette deed
Registered office moved from Antwerpen to Genk
New seat: 3600 Genk, Vaartstraat 34 · Previous seat: 2060 Antwerpen, Carnotstraat 5 bus 152 points ▸
- Board meeting, 14-02-2022
- Registered-office move, 3600 Genk, Vaartstraat 34
10-02
Gazette deed
Demerger proposal: Treatex splits off to E & B Consulting BVCapital · Share issue · Accounting effect31 points ▸
Gazette deed
Demerger proposal: Treatex splits off to E & B Consulting BV
Capital · Share issue · Accounting effect31 points ▸
- Capital, €1,660,900
- Other provision, “ruilverhouding toekenning”, 13400 (deed in Dutch)
- Other provision, “opleg in geld” (deed in Dutch)
- Share issue, “op naam”, 13400 (deed in Dutch)
- Other provision, “winstdeelname nieuwe aandelen, bedrijfsresultaat” (deed in Dutch)
- Accounting effect, 01-11-2021
- Other provision, “bijzondere rechten andere effecten” (deed in Dutch)
- Other provision, “verzaking verslagen, unanimiteit” (deed in Dutch)
- Auditor report, “bijzonder verslag inbreng in natura, artikel_5:7_WVV” (deed in Dutch)
- Other provision, “bijzonder voordeel bestuursorganen, bestuurders” (deed in Dutch)
- Other provision, “alle activa passiva verband consulting activiteit in meest brede zin, overgaande activa passiva” (deed in Dutch)
- Other provision, 13400, “verdeling aandelen verkrijgende vennootschap” (deed in Dutch)
- The act holds 19 more points.
2021
13-07
abbreviated format · 18 days before the deadline
2020
30-06
abbreviated format · 31 days before the deadline
2019
31-12
Financial
Liquidity doublescurrent ratio 2.69
The current ratio rises from 1.34 to 2.69. Short-term debt falls from €3.2m to €2.1m.
31-07
abbreviated format · on the deadline day
2018
25-06
abbreviated format · 36 days before the deadline
2017
27-09
abbreviated format · 58 days late
1989
12-07
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TREATEX in Dutch
Enterprise number
0437.745.657
Legal form
Public limited company
Status
Active, normale toestand
Founded
15-06-1989
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-06-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…”
deed of 14-06-2022 (in Dutch)Registered office and establishments
Registered office
Vaartstraat 34, 3600 Genk, Belgium
1 former office
- 2060 Antwerpen until 14-02-2022 · act of 28-07-2022
Establishment units
TREATEX, Vaartstraat 34, 3600 Genk since 01-11-2020 · unit number 2.310.365.794
TREATEX, Vaartstraat 32, 3600 Genk since 01-11-2020 · unit number 2.310.365.893
Activities
NACEBEL 2025VAT activities
46120
Wholesale trade main activity
68201
Renting and operating of own or leased residential real estate, excluding social housing
Social security (RSZ) activities
20160
Manufacture of chemicals and chemical products main activity
Codes under NACEBEL 2008
VAT activities
46120
Wholesale trade main activity
68201
Real estate activities
Social security (RSZ) activities
20160
Manufacture of chemicals and chemical products main activity
Codes under NACEBEL 2003
24160
main activity
Joint committees
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid
116 Paritair Comité voor de scheikundige nijverheid annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 10-02-2022 (in Dutch)
“1.Onderneming voor goederenbehandeling,in zonderheid de behandeling en verhandeling van alle goederen in de ruimste zin van het woord; 2.Het…”
7 activities
- 1.Onderneming voor goederenbehandeling,in zonderheid de behandeling en verhandeling van alle goederen in de ruimste zin van het woord.
- 2.Het dragen van verpakkingsmaterialen.
- 3.Tussenpersoon in de handel.
- 4.Onderneming voor het uitbaten van goederen opslagplaatsen.
- 5.Onderneming in onroerende goederen.
- 6.Patrimoniumbeheer.
- 7.Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij alle handels- en financiële operaties verrichten behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito's op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
Invoicing and payment
VAT number
BE 0437.745.657
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 14:00
deed of 14-06-2022 (in Dutch)Environmental permits
4 applications in Flanders since 2018 · 3 granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen
Ontbossen
Bouwen of herbouwen
Bouwen of herbouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the addresses
Ground area
6,963 m²
Building footprint
2,381 m²
Building volume
16,820 m³
Tallest building: 9.0 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71305F1311/00G000 | Flanders | 4,359 m² | 1 · 1,361 m² | 9.0 m · 3 |
| 71305F1311/00F000 | Flanders | 2,604 m² | 1 · 1,020 m² | 7.5 m · 2 |