Shareholders
- QWUDI25.6%
PROCOTEX CORPORATION
ActiveSummary
PROCOTEX CORPORATION has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.6m and a net result of €2.1m. Equity has been growing by about 6.4% per year since 2018. Its solvency ranks better than 18% of 195 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 14-07-1994 Normal situation
- Activity
- Manufacture of textiles NACE 13100and 2 others
- Establishment unit
- 2.068.157.289 7711 Mouscron, since 12-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 08-07-2025
Board and ownership
Board
- DOBECONChair · permanent representative Frédéric Douchy
- B-LINEDirector · since 10-06-2022 · permanent representative Bruno Douchy
- RECYCONDirector · since 10-06-2022 · permanent representative Nicolas Douchy
- Auditor
- CALLENS VANDELANOTTE
Shareholders
- Rivedelys99.99%2025 annual accounts of Rivedelys
- DOLINTEX NVconsolidatesannual accounts 2015
- B-LINE25.6%· score 952021 annual accounts of B-LINE
- Holdings
- Shares in 5 companies including APPLY CARBON SA BU and BELTUREC TEKSTIL SANAYI VE TICARET BU
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €54.0m
- ▼ 12.7%
- Profit
- €2.1m
- ▼ 14.8%
- Equity
- €10.6m
- ▲ 12.3%
- Total assets
- €42.1m
- ▲ 18.2%
- Employees on 31-12-2025
- 27
- ▲ 3.8%
- 2025 accounts filed 4 days after the deadline
Standalone figures, without subsidiaries
Group, consolidated 2025: turnover €69.3m, result €1.5m
Score breakdownraises riskLiquidity: current ratio 1.05, cash €1.1mEquity €10.6m (25.1% of total assets)lowers riskSector: Manufacture of textiles (NACE 13)Legal form: public limited companyShow the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of small companies in textiles (NACE 13)
Financial strength · tick: 2024
Weak
Solvency
50-1
equity 25.1% of total assets
Liquidity
21-4
short-term debt 61.0% · cash 2.7%
Profitability
45-5
return on assets 5.0%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.1 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.05 (1.02 in 2024), below the usual 1.5. Short-term debt is 61% and cash 2.7% of total assets. 74.9% of the assets are financed with debt and provisions.
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, small). It does better than 26% of them on solvency, 14% on liquidity, 34% on profitability and 53% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 195 sector peers (2025).
NBB · sector comparisonPosition among 195 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
4 days late
2024
16 days early
2023
29 days early
2022
5 days early
2021
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 7 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Permanent representative: Nikolas VandelanotteReappointment: CALLENS VANDELANOTTE (statutory auditor)
- · Gazette deed 1 director appointed, 1 director resigningResignation: SRL QWUDI (director) · Permanent representatives: Didier Douchy, Frédéric Douchy and Bruno Douchy · Appointment: SRL RIVEDELYS (director)
- · Gazette deed 5 reappointedReappointments: SRL QWUDI, SRL DOBECON and 3 others · Permanent representatives: Didier Douchy, Frédéric Douchy and 2 others
Companies linked to PROCOTEX CORPORATION
Comparable companies
These companies have the same main activity as PROCOTEX CORPORATION: manufacture of textiles (NACE 13100). They are comparable in size and age: total assets between €11m and €56m, founded between 1975 and 1991.
| Company | Total assets | Turnover |
|---|---|---|
| PROCOTEX CORPORATION Mouscron | €42.1m | €54.0m |
| JOS VANNESTE Harelbeke | €16.2m | €52.0m |
| Castellins Wevelgem | €35.2m | €48.0m |
| IWAN SIMONIS Dison | €56.1m | €12.4m |
| DEBRUYNE Ardooie | €20.8m | €27.5m |
| LUXILON INDUSTRIES Wijnegem | €11.3m | €13.8m |
| EUROPEAN SPINNING GROUP Spiere-Helkijn | €26.9m | €17.1m |
Key facts about PROCOTEX CORPORATION
- What is the company number of PROCOTEX CORPORATION?
- The company number of PROCOTEX CORPORATION is 0453.139.458. The VAT number is the same number with BE in front: BE 0453.139.458.
- Where is PROCOTEX CORPORATION based?
- The registered office is at Theodor Klüberstraat(D) 8,, 7711 Mouscron.Company details
- What does PROCOTEX CORPORATION do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13100).
- What is the legal form of PROCOTEX CORPORATION?
- The legal form of PROCOTEX CORPORATION is Public limited company (NV).
- When was PROCOTEX CORPORATION founded?
- PROCOTEX CORPORATION was founded on 14-07-1994.
- Is PROCOTEX CORPORATION still active?
- Yes, PROCOTEX CORPORATION is an active enterprise in the KBO register.
- How many employees does PROCOTEX CORPORATION have?
- PROCOTEX CORPORATION had an average of 25.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PROCOTEX CORPORATION?
- The turnover of PROCOTEX CORPORATION was €54.0m in financial year 2025, according to the filed annual accounts.
- Is PROCOTEX CORPORATION profitable?
- In financial year 2025, PROCOTEX CORPORATION made a profit of €2.1m.
- Where can I find the annual accounts of PROCOTEX CORPORATION?
- PROCOTEX CORPORATION filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROCOTEX CORPORATION due?
- PROCOTEX CORPORATION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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