Cositex
ActiveSummary
Cositex has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €626k and a net result of €63k. Equity is shrinking by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+55
Solvency46▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.61 in 2024; short-term debt: 65% and cash: 0.7% of total assets), and 79.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
20.6%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 174 sector peers (2025).
NBB · sector comparisonPosition among 174 sector peers
Solvency
better than 22%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
14 d early
2023
97 d late
2022
14 d early
2021
31 d late
2020
2 d early
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.56M
EBIT margin
-2.0%
Net result
€63k
2024 · €-515k
2018: €-68k
2019: €-445k▼ -559% vs 2018
2020: €-135k▲ +69.8% vs 2019
2021: €-59k▲ +56.5% vs 2020
2022: €101k▲ +273% vs 2021highest in 8 years
2023: €-1.34M▼ -1427% vs 2022lowest in 8 years
2024: €-515k▲ +61.6% vs 2023
2025: €63k▲ +112% vs 2024
2018 → 2025
Working capital
€279k▼ 68.9%
2024 · €898k
2018: €2.77M
2019: €2.84M▲ +2.7% vs 2018
2020: €2.87M▲ +1.1% vs 2019highest in 8 years
2021: €2.26M▼ -21.2% vs 2020
2022: €2.62M▲ +15.5% vs 2021
2023: €1.42M▼ -45.8% vs 2022
2024: €898k▼ -36.6% vs 2023
2025: €279k▼ -68.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.32M-€2.42M▲ 4.4%€1.08M▼ 55.5%€563k▼ 47.8%€626k▲ 11.2%
2021: €2.32M
2022: €2.42M▲ +4.4% vs 2021highest in 5 years
2023: €1.08M▼ -55.5% vs 2022
2024: €563k▼ -47.8% vs 2023lowest in 5 years
2025: €626k▲ +11.2% vs 2024
Operating result€-124k-€45k€-1.37M€-472k▲ 65.6%€91k
2021: €-124k
2022: €45k▲ +136% vs 2021
2023: €-1.37M▼ -3140% vs 2022lowest in 5 years
2024: €-472k▲ +65.6% vs 2023
2025: €91k▲ +119% vs 2024highest in 5 years
Net result€-59k-€101k€-1.34M€-515k▲ 61.6%€63k
2021: €-59k
2022: €101k▲ +273% vs 2021highest in 5 years
2023: €-1.34M▼ -1427% vs 2022lowest in 5 years
2024: €-515k▲ +61.6% vs 2023
2025: €63k▲ +112% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €91k after a loss of €472k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.89M
Fixed assets
€637k ▲ 53.7%
Current assets
€2.25M ▼ 5.0%
Equity and liabilities €3.03M
Equity
€626k ▲ 11.2%
Debt
€2.41M ▲ 4.6%
Debt's share of the balance-sheet total falls from 80.3% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€220k▲
2024 · €-288k
Cash flow
€191k▲
2024 · €-331k
Current ratio
1.14▼
2024 · 1.61
Quick ratio
0.17▼
2024 · 0.80
Debt to equity
3.85▼
2024 · 4.09
ROE
10.1%▲
2024 · -91.5%
ROA
2.1%▲
2024 · -18.0%
Interest coverage
4.02▲
2024 · -2.90
Debt ≤ 1 year
€1.97M▲
2024 · €1.47M
Debt > 1 year
€375k▼
2024 · €827k
Income taxes
€338▲
2024 · €146
Staff costs
€1.56M▲
2024 · €1.10M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.86M€3.03M▲
Formation expenses20€77k€144k▲
Fixed assets21/28€415k€637k▲
Intangible fixed assets21€120k€203k▲
Tangible fixed assets22/27€295k€434k▲
Land and buildings22€0-
Plant, machinery and equipment23€253k€361k▲
Furniture and vehicles24€10k€36k▲
Assets under construction and advance payments27€32k€36k▲
Current assets29/58€2.37M€2.25M▼
Amounts receivable after more than one year29€664k€0▼
Trade receivables290€0-
Other amounts receivable291€664k€0▼
Stocks and contracts in progress3€1.19M€1.91M▲
Stocks30/36€1.19M€1.91M▲
Amounts receivable within one year40/41€430k€312k▼
Trade receivables40€250k€225k▼
Other amounts receivable41€180k€87k▼
Cash at bank and in hand54/58€76k€20k▼
Deferred charges and accrued income490/1€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€2.86M€3.03M▲
Equity10/15€563k€626k▲
Contributions10/11€1.65M€1.65M=
Capital10€1.65M€1.65M=
Issued capital100€1.65M€1.65M=
Reserves13€165k€165k=
Non-distributable reserves130/1€165k€165k=
Legal reserve130€165k€165k=
Tax-exempt reserves132€0-
Profit (loss) carried forward14€-1.25M€-1.19M▲
Amounts payable17/49€2.30M€2.41M▲
Amounts payable after more than one year17€827k€375k▼
Financial debts170/4€0-
Trade debts175€519k€375k▼
Other amounts payable178/9€308k€0▼
Amounts payable within one year42/48€1.47M€1.97M▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€610k€413k▼
Credit institutions430/8€610k€413k▼
Trade debts44€396k€622k▲
Suppliers440/4€396k€622k▲
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€401k€764k▲
Taxes450/3€12k€53k▲
Remuneration and social security454/9€389k€710k▲
Other amounts payable47/48€68k€170k▲
Accrued charges and deferred income492/3-€60k
Income statement
Code20242025
Non-recurring operating income76A€961k€0▼
Remuneration, social security and pensions62€1.10M€1.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€184k€128k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€318k€13k▼
Other operating charges640/8€4k€9k▲
Operating charges capitalised as restructuring costs649€-81k€-68k▲
Non-recurring operating charges66A€91k€0▼
Gross operating margin9900€1.14M€1.73M▲
Operating profit (loss)9901€-472k€91k▲
Financial income75/76B€56k€27k▼
Recurring financial income75€56k€27k▼
Financial charges65/66B€99k€55k▼
Recurring financial charges65€99k€55k▼
Profit (loss) for the period before taxes9903€-515k€63k▲
Income taxes67/77€146€338▲
Profit (loss) for the period9904€-515k€63k▲
Profit (loss) for the period to be appropriated9905€-515k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.29M€-1.19M▲
Profit (loss) brought forward from the previous period14P€-775k€-1.25M▼
Transfer from equity791/2€38k€0▼
Social balance
Average headcount (FTE)908724.931.7▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €961k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €899k | €986k | €967k | €1.10M | €1.56M | ▲ 41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €227k | €209k | €210k | €184k | €128k | ▼ 30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1.09M | €318k | €13k | ▼ 96.0% |
| Other operating charges640/8 | €3k | €2k | €8k | €4k | €9k | ▲ 130% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €-81k | €-68k | ▲ 15.5% |
| Non-recurring operating charges66A | - | - | - | €91k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.00M | €1.24M | €900k | €1.14M | €1.73M | ▲ 51.4% |
| Operating profit (loss)9901 | €-124k | €45k | €-1.37M | €-472k | €91k | ▲ 119% |
| Financial income75/76B | €110k | €108k | €125k | €56k | €27k | ▼ 52.6% |
| Recurring financial income75 | €110k | €108k | €125k | €56k | €27k | ▼ 52.6% |
| Financial charges65/66B | €45k | €52k | €94k | €99k | €55k | ▼ 44.9% |
| Recurring financial charges65 | €45k | €52k | €94k | €99k | €55k | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | €-59k | €101k | €-1.34M | €-515k | €63k | ▲ 112% |
| Income taxes67/77 | - | - | - | €146 | €338 | ▲ 132% |
| Profit (loss) for the period9904 | €-59k | €101k | €-1.34M | €-515k | €63k | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €-59k | €101k | €-1.34M | €-515k | €63k | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.94M | €5.98M | €4.78M | €2.86M | €3.03M | ▲ 5.9% |
| Formation expenses20 | - | - | - | €77k | €144k | ▲ 85.9% |
| Fixed assets21/28 | €613k | €643k | €513k | €415k | €637k | ▲ 53.7% |
| Intangible fixed assets21 | €256k | €313k | €193k | €120k | €203k | ▲ 70.2% |
| Tangible fixed assets22/27 | €357k | €330k | €320k | €295k | €434k | ▲ 47.0% |
| Land and buildings22 | €51k | €61k | €50k | €0 | - | - |
| Plant, machinery and equipment23 | €233k | €247k | €266k | €253k | €361k | ▲ 42.9% |
| Furniture and vehicles24 | €29k | €8k | €5k | €10k | €36k | ▲ 249% |
| Leasing and similar rights25 | €35k | €14k | - | - | - | - |
| Other tangible fixed assets26 | €8k | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €32k | €36k | ▲ 13.7% |
| Current assets29/58 | €4.33M | €5.34M | €4.27M | €2.37M | €2.25M | ▼ 5.0% |
| Amounts receivable after more than one year29 | €2.54M | €2.89M | €2.04M | €664k | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €0 | - | - |
| Other amounts receivable291 | €2.54M | €2.89M | €2.04M | €664k | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €1.33M | €1.73M | €1.29M | €1.19M | €1.91M | ▲ 60.3% |
| Stocks30/36 | €1.33M | €1.73M | €1.29M | €1.19M | €1.91M | ▲ 60.3% |
| Amounts receivable within one year40/41 | €437k | €699k | €886k | €430k | €312k | ▼ 27.3% |
| Trade receivables40 | €216k | €472k | €735k | €250k | €225k | ▼ 9.8% |
| Other amounts receivable41 | €221k | €228k | €151k | €180k | €87k | ▼ 51.6% |
| Cash at bank and in hand54/58 | €16k | €11k | €52k | €76k | €20k | ▼ 73.7% |
| Deferred charges and accrued income490/1 | €9k | €9k | €3k | €10k | €7k | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.94M | €5.98M | €4.78M | €2.86M | €3.03M | ▲ 5.9% |
| Equity10/15 | €2.32M | €2.42M | €1.08M | €563k | €626k | ▲ 11.2% |
| Contributions10/11 | €1.65M | €1.65M | €1.65M | €1.65M | €1.65M | = |
| Capital10 | €1.65M | €1.65M | €1.65M | €1.65M | €1.65M | = |
| Issued capital100 | €1.65M | €1.65M | €1.65M | €1.65M | €1.65M | = |
| Reserves13 | €123k | €203k | €203k | €165k | €165k | = |
| Non-distributable reserves130/1 | €85k | €165k | €165k | €165k | €165k | = |
| Legal reserve130 | €85k | €165k | €165k | €165k | €165k | = |
| Tax-exempt reserves132 | €38k | €38k | €38k | €0 | - | - |
| Profit (loss) carried forward14 | €547k | €569k | €-775k | €-1.25M | €-1.19M | ▲ 5.0% |
| Amounts payable17/49 | €2.62M | €3.56M | €3.70M | €2.30M | €2.41M | ▲ 4.6% |
| Amounts payable after more than one year17 | €544k | €837k | €852k | €827k | €375k | ▼ 54.7% |
| Financial debts170/4 | €261k | €155k | €852k | €0 | - | - |
| Trade debts175 | - | - | - | €519k | €375k | ▼ 27.8% |
| Other amounts payable178/9 | €283k | €682k | - | €308k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €2.07M | €2.73M | €2.85M | €1.47M | €1.97M | ▲ 33.9% |
| Current portion of amounts payable after more than one year42 | €115k | €106k | €111k | €0 | - | - |
| Financial debts43 | €928k | €1.03M | €826k | €610k | €413k | ▼ 32.3% |
| Credit institutions430/8 | €928k | €748k | €826k | €610k | €413k | ▼ 32.3% |
| Other loans439 | - | €282k | - | - | - | - |
| Trade debts44 | €803k | €1.39M | €1.48M | €396k | €622k | ▲ 57.1% |
| Suppliers440/4 | €803k | €1.39M | €1.48M | €396k | €622k | ▲ 57.1% |
| Advances received on contracts in progress46 | €12k | - | - | - | €6k | - |
| Taxes, remuneration and social security45 | €208k | €199k | €404k | €401k | €764k | ▲ 90.5% |
| Taxes450/3 | €7k | €15k | €39k | €12k | €53k | ▲ 341% |
| Remuneration and social security454/9 | €201k | €184k | €365k | €389k | €710k | ▲ 82.7% |
| Other amounts payable47/48 | - | - | €25k | €68k | €170k | ▲ 151% |
| Accrued charges and deferred income492/3 | €13k | €91 | - | - | €60k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-59k | €101k | €-1.34M | €-515k | €63k | ▲ 112% |
| + Depreciation and write-downs630 | €227k | €209k | €210k | €184k | €128k | ▼ 30.4% |
| Operating cash flow (approximation) | €168k | €310k | €-1.13M | €-331k | €191k | ▲ 158% |
| Investment in fixed assets (approximation) | - | €-239k | €-80k | €-85k | €-351k | ▼ 312% |
| Change in cash | - | €-5k | €41k | €24k | €-56k | ▼ 336% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €63k
Net result €63k after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 97 days late
2023
31-12
Financial
Weakest financial yearnet €-1.34M
Net result drops to €-1.34M, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €101k
Net result €101k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €2MEq €2.32M ▲46.9%
Equity rises from €1.58M to €2.32M.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 109 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 56 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Zwevegem · 2 establishment units since 1969
Ground area
932 m²
Building footprint
285 m²
Volume, LiDAR
1,636 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Vichtestraat(O) 31, 8553 Zwevegem
since 19692.002.399.902
Cositex
since 20142.231.749.769
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392D0079/00H003 | Flanders | 761 m² | 1 · 150 m² | 10.3 m · 2 fl. |
| 34030A0088/00D002 | Flanders | 171 m² | 1 · 136 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 33,686 EUR awarded · 33,686 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | -6,624 EUR | 0 EUR |
| 2023 | 2 | 2,535 EUR | 30,661 EUR |
| 2022 | 2 | 37,775 EUR | 3,025 EUR |
Schemes
Brexit-veerkrachtsubsidie (stopgezet)
Vlaams opleidingsverlof (VOV)
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Of 136 companies in sector 13200 we hold annual accounts for 85. 60 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1969
Fiscal year end31-12
Activities, NACEBEL 2025
13200Manufacture of textiles
13929Manufacture of textiles
Scores and ratios are computed by Checked and are not a credit decision.