Checked.be
Active
BE 0423.472.801Public limited company
LAND-TEXCO
Ninoofsesteenweg 530 ·1701 Dilbeek, Belgium· 43 yrs active
Sector: Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
(46160)
Conclusion
LAND-TEXCO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €643k and a net result of €11k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €643k |
| Net result | €11k |
| Better than sector | 71% |
| Active | 43 yrs |
Financial profile
69
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
9
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1983, 43 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€55k
estimate, not credit advice
Score history
86
2022
94
2023
94
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.42 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.42 (≥ 1.0)
+5
Leverage
Debt/equity 0.43 (< 1.0)
+10
Profitability
ROE 2%
+3
Interest coverage
Interest coverage 4.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.8% | 44.7% | |
| Net result | €11k | €31k | |
| Equity | €643k | €398k | |
| Gross operating margin | €39k | €211k | |
| Total assets | €976k | €1.07M |
€33k
-45.4%
22-25
€11k
-63.4%
22-25
€34k
-36.0%
22-25
€976k
-2.0%
22-25
€643k
+1.8%
22-25
€343k
-9.2%
22-25
€7k
-51.0%
22-25
€276k
-9.0%
22-25
€141k
+23.6%
22-25
€124k
-31.4%
22-25
3.42
-20.4%
22-25
3.42
-20.4%
22-25
65.8%
+3.9%
22-25
0.43
-10.6%
22-25
1.7%
-64.0%
22-25
1.1%
-62.7%
22-25
4.23
-38.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €33k | €61k | €55k | €52k |
| Net profit | €11k | €30k | €25k | €21k |
| Cash flow | €34k | €54k | €49k | €45k |
| Staff costs | - | - | - | - |
| Income taxes | €7k | €15k | €13k | €16k |
| Dividends | - | - | - | - |
| Total assets | €976k | €996k | €1.03M | €1.06M |
| Equity | €643k | €632k | €601k | €576k |
| Debt | €276k | €303k | €366k | €419k |
| of which ≤ 1y | €141k | €114k | €126k | €123k |
| of which > 1y | €124k | €181k | €237k | €292k |
| Working capital | €343k | €377k | €380k | €390k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 3.42 | 4.30 | 4.03 | 4.18 |
| Quick ratio | 3.42 | 4.30 | 4.03 | 4.18 |
| Working capital ratio | 35.1% | 37.9% | 36.8% | 36.7% |
| Solvency | 65.8% | 63.4% | 58.2% | 54.1% |
| Debt / equity | 0.43 | 0.48 | 0.61 | 0.73 |
| Long-term debt ratio | 0.19 | 0.29 | 0.39 | 0.51 |
| Interest coverage | 4.23 | 6.87 | 6.19 | 5.63 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.1% | 3.1% | 2.5% | 2.0% |
| ROE | 1.7% | 4.8% | 4.2% | 3.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | 6d | 13d | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €976k | €996k | €1.03M | €1.06M |
| Fixed assets | 21/28 | €492k | €505k | €528k | €551k |
| Tangible fixed assets | 22/27 | €492k | €505k | €528k | €551k |
| Current assets | 29/58 | €484k | €492k | €505k | €513k |
| Amounts receivable within one year | 40/41 | €231k | €227k | €219k | €224k |
| Cash & bank | 54/58 | €4k | €5k | €12k | €12k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €976k | €996k | €1.03M | €1.06M |
| Equity | 10/15 | €643k | €632k | €601k | €576k |
| Contributions / capital | 10/11 | €81k | €81k | €81k | €81k |
| Reserves | 13 | €561k | €549k | €520k | €495k |
| Accumulated profits (losses) | 14 | €912 | €2k | €461 | €457 |
| Provisions & deferred taxes | 16 | €58k | €62k | €66k | €70k |
| Amounts payable | 17/49 | €276k | €303k | €366k | €419k |
| Amounts payable after one year | 17 | €124k | €181k | €237k | €292k |
| Amounts payable within one year | 42/48 | €141k | €114k | €126k | €123k |
| Trade debts payable within one year | 44 | €230 | €109 | €394 | - |
| Income statement | |||||
| Gross operating margin | 9900 | €39k | €65k | €59k | €56k |
| Operating result | 9901 | €10k | €38k | €31k | €29k |
| Financial income | 75 | €12k | €13k | €12k | €14k |
| Financial charges | 65 | €8k | €9k | €9k | €9k |
| Result before taxes | 9903 | €15k | €42k | €35k | €34k |
| Income taxes | 67/77 | €7k | €15k | €13k | €16k |
| Net result for the period | 9904 | €11k | €30k | €25k | €21k |
| Result to be appropriated | 9905 | €23k | €42k | €37k | €33k |
Legal Structure
| NACE primary | Agents in the wholesale of textiles, clothing, fur, footwear and leather goods(46160) |
| Legal form | Public limited company(014) |
| Incorporation | 06-01-1983 |
| Status | Active |
| Postal code | 1701 |
Establishment units
LAND-TEXCO
since 19882.021.860.278
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23037B0026/00C000 | Flanders | 217 m² | 1 · 208 m² | 12.4 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €11k ▼63.4%
Net result drops to €11k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2022net €30k ▲19.4%
Operating result €38k, net result €30k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods4616051160
Names & trade names
| Legal nameNL | LAND-TEXCO |
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