VETEX
ActiveSummary
VETEX has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.4m and a net result of -€608,659. Equity has been shrinking by about 8.1% per year since 2018. Its solvency ranks better than 36% of 195 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Activity
- Finishing of textiles NACE 13300and 1 other
- Joint committees
- 120 Paritair Comité voor de textielnijverheid
- 214 Paritair Comité voor de bedienden van de textielnijverheid · annual accounts 2023
- Establishment units
- 2.004.647.035 8770 Ingelmunster, since 01-10-1929
- 2.356.721.205 8500 Kortrijk, since 16-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 08-07-2025
Board and ownership
- RIGOLE CONSULTINGChair · permanent representative RIGOLE Patrick
- BULCKAERT WilliDirector · since 28-09-2023
- GEERARDYN ErikDirector · since 28-09-2023
- Auditor
- BOES & VERRUE BEDRIJFSREVISOREN
- Holdings
- Shares in 2 companies Vetex Asia Limited and VONA Inc.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Turnover
- €16.1m
- ▼ 1.2%
- Loss
- €608,659
- Equity
- €4.4m
- ▼ 12.7%
- Total assets
- €10.5m
- ▼ 6.1%
- Employees on 31-12-2025
- 68
- ▼ 4.2%
Score breakdownraises riskLoss of €608,659 (financial year 2025)Liquidity: current ratio 1.38, cash €370,487lowers riskSector: Manufacture of textiles (NACE 13)Founded in 1968Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 13, medium-sized). It does better than 27% of them on solvency, 33% on liquidity, 36% on profitability and 38% 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
The company filed its last 7 accounts on average 87 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: From profit to loss in 2025after a profit of €40,909 in 2024 -€608,659 View
- Positive: Largest employer in Ingelmunster, Manufacturing sectorin the Checked rankings No. 1 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Flemish supportawarded from 2022 to 2025 €554,828 View
Recent changes
- · Gazette deed Appointment: BOES & VERRUE BEDRIJFSREVISOREN (statutory auditor)
- · Gazette deed Resignations: BULCKAERT Willibrord, GEERARDYN Erik and RIGOLE CONSULTINGPermanent representative: RIGOLE Patrick · Appointments: BULCKAERT Willibrord, GEERARDYN Erik and RIGOLE CONSULTING
- · Gazette deed Resignation: Gerard de Leeuw (director)Appointment: Geerardyn Erik (director) · Permanent representative: Patrick Rigole
Comparable companies
These companies have the same main activity as VETEX: finishing of textiles (NACE 13300). They are comparable in size and age: total assets between €6.1m and €20m, founded between 1968 and 1996.
| Company | Total assets | Turnover |
|---|---|---|
| VETEX Ingelmunster | €10.5m | €16.1m |
| MAES DYEING & FINISHING Zwevegem | €8.8m | €15.8m |
| MERCURYFLOORING Waregem | €8.5m | €23.9m |
| MULTY MANTA Opwijk | €14.2m | €17.0m |
| GROEP MASUREEL VEREDELING Wevelgem | €6.1m | €12.5m |
| DEPAIRON Verviers | €19.5m | €23.3m |
| KICK AND RUSH Wavre | €10.6m | €25.6m |
Key facts about VETEX
- What is the company number of VETEX?
- The company number of VETEX is 0405.379.727. The VAT number is the same number with BE in front: BE 0405.379.727.
- Where is VETEX based?
- The registered office is at Leon Bekaertstraat 14, 8770 Ingelmunster.Company details
- What does VETEX do?
- According to the KBO register, the main activity is finishing of textiles (NACE 13300).
- What is the legal form of VETEX?
- The legal form of VETEX is Public limited company (NV).
- When was VETEX founded?
- VETEX was founded on 01-01-1968.
- Is VETEX still active?
- Yes, VETEX is an active enterprise in the KBO register.
- How many employees does VETEX have?
- VETEX had an average of 64.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VETEX fall under?
- In its 2023 annual accounts, VETEX states joint committees 120 (Paritair Comité voor de textielnijverheid) and 214 (Paritair Comité voor de bedienden van de textielnijverheid).
- What is the turnover of VETEX?
- The turnover of VETEX was €16.1m in financial year 2025, according to the filed annual accounts.
- Is VETEX profitable?
- In financial year 2025, VETEX made a loss of €608,659.
- Where can I find the annual accounts of VETEX?
- VETEX filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VETEX due?
- VETEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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