Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TEXAF from Brussel, company number BE0403218607, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year TEXAF recorded revenue of € 4.6 million and equity of € 56.9 million. Compared with financial year 2023, the result moved from € 3.3 million to € 2.5 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 56.9 million
▲ 25% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▼ 25% vs 2023
Profit after tax over the fiscal year.
€ 1.2 million
▲ 66% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 6.9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.9
▼ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 298,654
▲ 27% vs 2023
€ 157,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 61,517
▲ 9% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 492,335
▲ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 136 days on average.
€ 263,908
▲ 47% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Revenue | € 3,933,634 | € 4,401,988 | € 4,574,592 | ▲ 4% |
| Profit after taxes | € 2,395,385 | € 3,301,926 | € 2,491,044 | ▼ 25% |
| Equity | € 51,164,542 | € 45,360,573 | € 56,867,168 | ▲ 25% |
| Total debts | € 7,797,225 | € 25,255,405 | € 17,963,203 | ▼ 29% |
| Cash | € 819,259 | € 706,776 | € 1,174,586 | ▲ 66% |
| Land & buildings | € 8,987,329 | € 8,117,035 | € 6,967,498 | ▼ 14% |
| Retained profit | € 25,667,596 | € 19,863,627 | € 31,370,222 | ▲ 58% |
| Dividend | € 5,237,937 | € 6,023,628 | € 6,914,077 | ▲ 15% |
| Balance sheet total | € 58,961,766 | € 70,615,978 | € 74,830,372 | ▲ 6% |
| Employees (FTE) | 0.6 | 2 | 1.9 | ▼ 0.1 |
Key figures of TEXAF, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TEXAF?
What happened at TEXAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Charlotte Croonenberghs stepped down as director. NBB
- BDB MANAGEMENT SRL stepped down as director. NBB
- Jean-Philippe Waterschoot stepped down as director. NBB
- Christophe Evers stepped down as director. NBB
- Pascale Tytgat stepped down as director. NBB
- JFA MANAGEMENT SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.5 million (▼ 25% vs 2023). Source: NBB ↗
- Michel Gallez stepped down as director. NBB
In short
From € 2.4 million profit in 2021 to € 2.5 million profit in 2025.
Paid € 223,491 in corporate taxes since 2021.
Best year ever: 2023, with € 3.3 million profit.
Paid out € 18.2 million in dividends to the owners in total.
Management
The stake of SOCIETE FINANCIERE AFRICAINE - AFRIKAANSE FINANCIELE MAATSCHAPPIJ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TEXAFThe shares are held by SOCIETE FINANCIERE AFRICAINE - AFRIKAANSE FINANCIELE MAATSCHAPPIJ (62.9%). It owns 100% of ESTAGRICO, 100% of TEXAF DIGITAL, 100% of CARRIGRES, 99.6% of UTEXAFRICA, 98.9% of COTEX and 96.6% of LA COTONNIERE DU KASAI itself.
Directors
According to the 2025 annual accounts
Michel Gallez
Director
since 2023 · until 2026
Gérald Croonenberghs
Director
Also active at: SOCIETE FINANCIERE AFRICAINE - AFRIKAANSE FINANCIELE MAATSCHAPPIJ
since 2023 · until 2026
William Croonenberghs
Director
Also active at: SOCIETE FINANCIERE AFRICAINE - AFRIKAANSE FINANCIELE MAATSCHAPPIJ
since 2023 · until 2026
Chairman of the board · represented by Benoît De Blieck
since 2025 · until 2028
Director · represented by Vincent Bribosia
since 2025 · until 2026
Director · represented by Nathalie Ulrich
since 2023 · until 2026
since 2025 · until 2027
Jean-Philippe Waterschoot
Managing director
since 2025 · until 2028
Eline Pardaens
Director
since 2023 · until 2026
since 2025 · until 2028
Pascale Tytgat
Director
since 2025 · until 2028
Charlotte Croonenberghs
Director
Also active at: SOCIETE FINANCIERE AFRICAINE - AFRIKAANSE FINANCIELE MAATSCHAPPIJ
since 2025 · until 2029
Shareholders
Participations
ESTAGRICO
100%
TEXAF DIGITAL
100%
CARRIGRES
100%
UTEXAFRICA
99.6%
COTEX
98.9%
LA COTONNIERE DU KASAI
96.6%
IMMOTEX
64.7%
IMMOBILIERE PETIT PONT
51%
CLOSE THE GAP
50%
CONGOTEX en liquidation
8.8%
Establishments
Establishment units
Physical locations of this company
Louizalaan 130A
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Somac
INTERGRAF
€ 3.7 million revenue · 2025
La Maison européenne de l'Alimentation
SOCIETE FINANCIERE AFRICAINE - AFRIKAANSE FINANCIELE MAATSCHAPPIJ same network
€ 70,307 revenue · 2025
IMBAKIN HOLDING same network
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.218.607
- VAT number
- BE 0403.218.607
- Registered office
- Louizalaan 130A, 1050 Brussel
- Names & denominations
- TEXAF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 1925
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Holdings