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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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2023; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2023.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
PROMO-TEXTILE from Herstal, company number BE0434269394, closed financial year 2023 with a result of € -110,600 after tax. For that financial year PROMO-TEXTILE recorded a gross margin of € 69,694 and equity of € 315,551. Compared with financial year 2022, the result moved from € -44,569 to € -110,600. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 14, 2024.
€ 315,551
▼ 26% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -110,600
▼ 148 % more loss than in 2022
Profit after tax over the fiscal year.
€ 11,374
▼ 78% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 191,605.
People and assets in 2023
3.8
Average over the fiscal year, from the social balance sheet.
€ 153,873
▲ 7% vs 2022
€ 40,500 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.
€ 5,203
▲ € 4,006 vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 96,547
▲ 106% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 39,305
▼ 21% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 148,296 | € 123,461 | € 69,694 | ▼ 44% |
| Profit after taxes | € 13,016 | € -44,569 | € -110,600 | ▼ € 66,031 |
| Equity | € 487,864 | € 426,152 | € 315,551 | ▼ 26% |
| Total debts | € 82,444 | € 113,596 | € 140,828 | ▲ 24% |
| Cash | € 58,520 | € 52,047 | € 11,374 | ▼ 78% |
| Retained profit | € 363,917 | € 302,205 | € 191,605 | ▼ 37% |
| Dividend | € 0 | € 17,143 | € 0 | ▼ 100% |
| Balance sheet total | € 570,308 | € 539,748 | € 456,379 | ▼ 15% |
| Employees (FTE) | 3.9 | 3.8 | 3.8 |
Key figures of PROMO-TEXTILE, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to PROMO-TEXTILE?
What happened at PROMO-TEXTILE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
PROMO-TEXTILE is active according to the CBE. Legal situation: Opening faillissement.
- Sandrine PACE stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 110,600. Source: NBB ↗
- Sandrine PACE became a director. NBB
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,016 profit in 2021 to € 110,600 loss in 2023.
Paid € 4,435 in corporate taxes since 2021.
Best year ever: 2021, with € 13,016 profit.
On average € 18,300 of value added per employee in 2023.
Management
Behind PROMO-TEXTILE is Rosario PACE.
Directors
According to the 2023 annual accounts
Rosario PACE
Managing director
Sandrine PACE
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
En Hayeneux 176
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.269.394
- VAT number
- BE 0434.269.394
- Registered office
- En Hayeneux 176, 4040 Herstal
- Names & denominations
- PROMO-TEXTILE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 9 May 1988
- Peppol
- Not registered
- Activities · NACE
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