Equity
€1.6m from €3.2m in 2023
Equity fell by 51% in 2 years.
URTEX
Part of the group
63 companies in 5 countries
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €12.1m (2025)
€12.1m▲ 171%
lowest -€960,854 (2012)
-€195,611▼ €742,120
peak €3.2m (2023)
€1.6m▼ 11.0%
€10.5m▲ 290%
Board9 names since 2016
5 directors and 4 others
Owners3 names in the annual accounts
100% and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Loss of €195,611New director 10-11Debts from €2.7m to €10.5mInvestments €9.0mCash from €1.0m to €409,814
Key points
from the 2025 annual accountsResult
-€195,611 -€195,611
From profit to loss in 2025, after a profit of €546,509 in 2024.
Debts
€10.5m 87% of the balance sheet
Financial debts 86%Suppliers 1%Taxes and wages 0%Other 12%
€9.6m of the debts are secured on the company's own assets.
Investments
€9.9m 9.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 554.9% higher than in 2024.
Payment terms
330 days to suppliers
URTEX pays its suppliers 84 days later than in 2024.
Filings
48 annual accounts since 1978
The last five annual accounts were filed 0 to 34 days before the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 370 companies had the same profile as URTEX has now. Each dot is one company, two years later.
97.0%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 370 companies, not a prediction for URTEX. 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
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Signals
Board and ownership
Director, since 11-06-2021
Director, since 11-06-2021
Director, , since 11-06-2021
Director, since 11-06-2021
Director, , since 13-06-2025
- 100%equity €16.8m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412690656
New director
appointed, resigned · Permanent representative: · Director discharge: (director (not named in the articles)) · General meeting of 13-06-2025 · Gazette deed
Reappointment: (statutory auditor)
General meeting of 09-06-2023 · Gazette deed
5 directors appointed, 1 resignation
Resignation: (managing director) · Appointments: , , , and · Permanent representatives: and · General meeting of 11-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| URTEX Wortegem-Petegem | €12.1m | - | 13.1% | - |
| TACK Oudenaarde | €10.8m | €1.0m | 69.6% | 0 |
| AUTOMOTIVE TECHNICAL SERVICE Erpe-Mere | €13.5m | €0.3m | 29.1% | - |
| MATCH POINT Eeklo | €11.3m | €0.7m | 37.7% | 0 |
| Jan Moonen Antwerp | €12.0m | - | 24.8% | 1.3 |
| WILGELOVER Waregem | €11.4m | €1.5m | 77.2% | 0 |
| CIAR INVESTMENTS Brussels | €13.2m | - | 25.8% | - |
These companies have the same main activity as URTEX: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €11m and €14m, founded between 1971 and 1980.
Official details
Source: KBO- Status
- Active since 13-10-1972Normal situation
- Registered office
- 44 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.007.571.6839790 Wortegem-Petegem, since 01-05-1972
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Annual accounts 2025
- €12.1m▲ 171%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to URTEX
Parent and group
Insights on URTEX
URTEX has existed since 1972. The present size dates from 2025. The balance sheet total rose that year from €4.5m to €12.1m.
The balance sheet total has grown every year since 2020. Solvency fell in 2025 from 39.7% to 13.1% because of the loss and higher long-term debts.
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 URTEX
- What is the company number of URTEX?
- The company number of URTEX is 0412.690.656. The VAT number is the same number with BE in front: BE 0412.690.656.
- Where is URTEX based?
- The registered office is at Kouter (E.) 3, 9790 Wortegem-Petegem.Company details
- What does URTEX do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of URTEX?
- URTEX is a public limited company (NV).
- When was URTEX founded?
- URTEX was founded on 13-10-1972.
- Is URTEX still active?
- Yes, URTEX is an active enterprise in the KBO register.
- What is the turnover of URTEX?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is URTEX profitable?
- In financial year 2025, URTEX made a loss of €195,611.
- Where can I find the annual accounts of URTEX?
- URTEX filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of URTEX due?
- URTEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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