DESOTEX
ActiveDESOTEX has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.02M and a net result of €58k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency87▼-13
Growth38▼-14
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 24.55 in 2024; short-term debt: 32.7% and cash: 3.6% of total assets), and 37.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 13
lower
← 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
62.5%
Return on assets
3.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 02-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d early
2023
36 d early
2022
47 d early
2021
15 d early
2019
32 d early
2018
22 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€238k▼ 29.0%
2018 · €335k
2018: €335k
2018 → 2019
EBIT margin
40.2%▲ 31.7pp
2018 · 8.5%
2018: 8.5%
2018 → 2019
Net result
€58k▼ 21.3%
2024 · €73k
2018: €18k
2019: €82k
2021: €53k
2022: €72k
2023: €46k
2024: €73k
2018 → 2025
Working capital
€459k▼ 49.5%
2024 · €910k
2018: €869k
2019: €1.12M
2021: €1.05M
2022: €812k
2023: €849k
2024: €910k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.27M-€1.34M▲ 5.7%€1.38M▲ 3.4%€1.46M▲ 5.3%€1.02M▼ 30.3%
Operating result€72k-€72k▼ 0.3%€52k▼ 28.3%€87k▲ 68.8%€62k▼ 28.8%
Net result€53k-€72k▲ 34.8%€46k▼ 36.0%€73k▲ 59.4%€58k▼ 21.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€634k▼ 0.9%
Current assets
€990k▲ 4.4%
Equity and liabilities €1.62M
Equity
€1.02M▼ 30.3%
Provisions
€14k▼ 6.1%
Debt
€596k▲ 413%
The debt ratio rises from 7.3% to 36.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68k▼
2024 · €93k
Cash flow
€63k▼
2024 · €79k
Solvency
62.5%▼
2024 · 91.8%
Current ratio
1.86▼
2024 · 24.55
Quick ratio
1.86▼
2024 · 24.55
Debt / equity
0.59▲
2024 · 0.08
ROE
5.7%▲
2024 · 5.0%
ROA
3.6%▼
2024 · 4.6%
Interest coverage
34.19▼
2024 · 41.68
Debt
€596k▲
2024 · €116k
Debt ≤ 1 year
€531k▲
2024 · €39k
Debt > 1 year
€64k▼
2024 · €78k
Income taxes
€20k▼
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.59M€1.62M▲
Fixed assets21/28€640k€634k▼
Tangible fixed assets22/27€640k€634k▼
Land and buildings22€640k€634k▼
Current assets29/58€948k€990k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€846k€912k▲
Trade receivables40€32k€32k=
Other amounts receivable41€815k€880k▲
Cash at bank and in hand54/58€87k€58k▼
Deferred charges and accrued income490/1€15k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.62M▲
Equity10/15€1.46M€1.02M▼
Contributions10/11€19k€19k=
Reserves13€845k€996k▲
Tax-exempt reserves132€59k€56k▼
Distributable reserves133€787k€940k▲
Profit (loss) carried forward14€593k€0▼
Provisions and deferred taxes16€14k€14k▼
Deferred taxes168€14k€14k▼
Amounts payable17/49€116k€596k▲
Amounts payable after more than one year17€78k€64k▼
Financial debts170/4€78k€64k▼
Amounts payable within one year42/48€39k€531k▲
Current portion of amounts payable after more than one year42€14k€14k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€21k€10k▼
Taxes450/3€21k€10k▼
Other amounts payable47/48-€500k
Accrued charges and deferred income492/3-€846
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€12k€12k▼
Gross operating margin9900€105k€80k▼
Operating profit (loss)9901€87k€62k▼
Financial income75/76B€15k€17k▲
Recurring financial income75€15k€17k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€100k€77k▼
Transfer from deferred taxes780€4k€880▼
Income taxes67/77€31k€20k▼
Profit (loss) for the period9904€73k€58k▼
Transfer from tax-exempt reserves789€13k€3k▼
Profit (loss) for the period to be appropriated9905€87k€60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€593k€654k▲
Profit (loss) brought forward from the previous period14P€507k€593k▲
Transfer to equity691/2-€154k
To other reserves6921-€154k
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €82k ▲348%
Operating result €96k, net result €82k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 285.51
Current ratio from 126.96 to 285.51; short-term debt falls from €7k to €4k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wielsbeke · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Verbindingsstraat 48710 WielsbekeGround area
1.0 ha
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
Verbindingsstraat 1, 8710 Wielsbeke
since 19852.027.083.432
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0068/00N002 | Flanders | 6,851 m² | - | - |
| 37017B0062/00E002 | Flanders | 3,615 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A.G. TEX
BE 0460.657.453
Gent · Eq €1.03M
Weverij Flipts en Dobbels
BE 0405.564.126
Roeselare · Eq €1.06M
JONCKVANSTEEN SPINNERIJ
BE 0452.868.947
Zonnebeke · Eq €1.07M
ROTEXCO
BE 0439.931.226
Roeselare · Eq €939k
CALCUTTA IMMO
BE 0430.301.106
Gent · Eq €924k
Of 210 companies in sector 13100 we hold annual accounts for 139. 100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-1985
Fiscal year end30-12
Activities, NACEBEL
13100Manufacture of textiles
17140
46220Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.