KORDI TEX
ActiveThe file of KORDI TEX contains 1 historical bankruptcy publication, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.8% (low). The 2024 annual accounts show equity of €3k and a net result of €2k. Equity is shrinking by ~9.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 22% of 15868 sector peers (fiscal year 2024).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▲+31
Solvency26▲+26
Growth78▲+46
Track record85
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.02 against 0.33 in 2023; short-term debt: 96.5% and cash: 4.4% of total assets), and 99.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.7%
Return on assets
0.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 15868 sector peers (2024).
NBB · sector comparisonPosition among 15868 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
48 d late
2022
158 d early
2021
204 d late
2019
31 d late
2018
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€3k
2023 · €-119k
2018: €-64k
2019: €-78k
2021: €-84k
2022: €-101k
2023: €-119k
2018 → 2024
Total assets
€417k▲ 638%
2023 · €57k
2018: €97k
2019: €82k
2021: €108k
2022: €104k
2023: €57k
2018 → 2024
Net result
€2k
2023 · €-18k
2018: €-9k
2019: €-14k
2021: €-17k
2022: €-18k
2023: €-18k
2018 → 2024
Working capital
€9k
2023 · €-115k
2018: €-28k
2019: €-41k
2021: €-35k
2022: €-50k
2023: €-115k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€-78k-€-84k▼ 6.7%€-101k▼ 20.9%€-119k▼ 17.8%€3k
Operating result€-14k-€-14k▼ 0.1%€-13k▲ 9.4%€-12k▲ 3.5%€10k
Net result€-14k-€-17k▼ 21.7%€-18k▼ 1.2%€-18k▼ 2.6%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10k after a loss of €12k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €417k
Fixed assets
€6k▲ 557%
Current assets
€412k▲ 639%
Equity and liabilities €417k
Equity
€3k
Debt
€414k
Debt finances 99.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€10k▲
2023 · €-12k
Cash flow
€3k▲
2023 · €-17k
Solvency
0.7%▲
2023 · -210.5%
Current ratio
1.02▲
2023 · 0.33
Quick ratio
0.80▲
2023 · 0.33
ROE
87.0%
ROA
0.6%▲
2023 · -31.8%
Interest coverage
1.34▲
2023 · -5.78
Debt
€414k▲
2023 · €176k
Debt ≤ 1 year
€403k▲
2023 · €171k
Staff costs
€15k
A ratio outside any meaningful range has been withheld (balance sheet total €417k, equity €3k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€57k€417k▲
Fixed assets21/28€849€6k▲
Tangible fixed assets22/27€849€6k▲
Plant, machinery and equipment23€356€6k▲
Furniture and vehicles24€493-
Current assets29/58€56k€412k▲
Stocks and contracts in progress3-€89k
Stocks30/36-€89k
Amounts receivable within one year40/41€56k€304k▲
Trade receivables40€49k€301k▲
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€138€18k▲
Equity and liabilities
Total equity and liabilities10/49€57k€417k▲
Equity10/15€-119k€3k▲
Contributions10/11€19k€138k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-140k€-137k▲
Amounts payable17/49€176k€414k▲
Amounts payable within one year42/48€171k€403k▲
Trade debts44€3k€374k▲
Suppliers440/4€3k€374k▲
Taxes, remuneration and social security45-€13k
Taxes450/3-€13k
Other amounts payable47/48€168k€16k▼
Accrued charges and deferred income492/3€5k€12k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€15k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€801€277▼
Other operating charges640/8€150€1k▲
Gross operating margin9900€-11k€27k▲
Operating profit (loss)9901€-12k€10k▲
Financial income75/76B€139€0▼
Recurring financial income75€139€0▼
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€-14k€2k▲
Income taxes67/77€4k-
Profit (loss) for the period9904€-18k€2k▲
Profit (loss) for the period to be appropriated9905€-18k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-140k€-137k▲
Profit (loss) brought forward from the previous period14P€-122k€-140k▼
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
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
13-03
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: KESWA TRADING BV- JOZEF HUYSMANSLAAN 65/A, 1651 LOT
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 5 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.02
Current ratio from 0.33 to 1.02.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
20-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 204 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 91 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Charleroi · 1 establishment unit since 2013
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.
Rue Norbert Van Helleputte 1446060 Charleroi1 establishment unit
KESWA TRADING
since 20132.215.175.736
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GEMI GROUP
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ADAM TEX
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Of 1,276 companies in sector 46160 we hold annual accounts for 686. 186 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2012
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46419Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.