ACTIVE

Satinex

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Financial year 2025 · Closed on 31/12/2025

Net result
-676,5 €
-100,4 %over 1 year
Gross margin
87,7 k €
-68,5 %over 1 year
Equity
1,8 M €
-0,0 %over 1 year
Workforce
3,1 ETP
-18,4 %over 1 year

Identity

Source · BCE/KBO

Satinex is a Public limited company incorporated in 1956. Its main activity is: Weaving of textiles. Its registered office is in Waregem. It employs on average 3,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.441.687
Incorporation
18/04/1956
Legal form
Public limited company
Registered office
Transvaalstraat 3
8793 Waregem · FlandreSee on map
Contributed capital
75 000,00 €
Latest accounts
31/12/2025
Average workforce
3,1 ETP
Joint committees (1)
  • 109
Signals
Solid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin87,7 k €278,2 k €157,5 k €213 k €246,2 k €
EBITDA-97 k €181,3 k €47,5 k €99,5 k €108,1 k €
Operating result-120,9 k €165,9 k €31,9 k €199,8 k €58,8 k €
Net result-676,5 €170,8 k €45,7 k €202,6 k €56,7 k €
Balance sheet
Equity1,8 M €1,8 M €1,7 M €1,7 M €1,5 M €
Total assets1,9 M €2 M €1,8 M €1,8 M €1,6 M €
Cash1,5 M €1,5 M €1,2 M €578,6 k €833,1 k €
Debts53,7 k €174,9 k €70,1 k €81,8 k €145,2 k €
Other
Workforce3,1 ETP3,8 ETP–5,5 ETP5,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

FRENTEX

Managing director · since 14 décembre 2023 · until 09 juin 2029 · 0842.513.789

Represented by Kurt De Frene

Active
Koen De Frene

Director · since 14 décembre 2023 · until 09 juin 2029

Active
Kris De Frene

Director · since 14 décembre 2023 · until 09 juin 2029

Active

Ended mandates

FRENTEX

Managing director · since 11 juin 2016 · until 11 juin 2022 · 0842.513.789

Represented by Kurt De Frene

Ended
Koen De Frene

Director · since 11 juin 2016 · until 11 juin 2022

Ended
Kris De Frene

Director · since 11 juin 2016 · until 11 juin 2022

Ended
FRENTEX

Managing director · since 12 janvier 2012 · until 12 juin 2018 · 0842.513.789

Represented by Kurt De Frene

Ended

Other companies at this address

Transvaalstraat 3 8793 Waregem
CompanyCBE no.
FRENTEX● Active
0842.513.789

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202618/07/202521/06/202423/06/202321/06/202209/07/2021
General meeting13/06/202614/06/202508/06/202410/06/202311/06/202212/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/06/202622/06/2026DutchPDF
Abridged model31/12/202414/06/202518/07/2025DutchPDF
Micro model31/12/202308/06/202421/06/2024DutchPDF
Abridged model31/12/202210/06/202323/06/2023DutchPDF
Abridged model31/12/202111/06/202221/06/2022DutchPDF
Abridged model31/12/202012/06/202109/07/2021DutchPDF
Abridged model31/12/201913/06/202004/01/2021DutchPDF
Abridged model31/12/201808/06/201926/06/2019DutchPDF
Abridged model31/12/201709/06/201819/06/2018DutchPDF
Abridged model31/12/201610/06/201712/06/2017DutchPDF
Abridged model31/12/201511/06/201613/06/2016DutchPDF
Abridged model31/12/201413/06/201514/06/2015DutchPDF
Abridged model31/12/201307/06/201409/06/2014DutchPDF
Abridged model31/12/201208/06/201310/06/2013DutchPDF
Abridged model31/12/201109/06/201211/06/2012DutchPDF
Abridged model31/12/201011/06/201125/06/2011DutchPDF
Abridged model31/12/200912/06/201017/06/2010DutchPDF
Abridged model31/12/200813/06/200915/06/2009DutchPDF
Abridged model31/12/200714/06/200821/06/2008DutchPDF
Abridged model31/12/200609/06/200703/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

FRENTEX

Managing director · since 14 décembre 2023 · until 09 juin 2029 · 0842.513.789

Represented by Kurt De Frene

Active
Koen De Frene

Director · since 14 décembre 2023 · until 09 juin 2029

Active
Kris De Frene

Director · since 14 décembre 2023 · until 09 juin 2029

Active

Ended mandates

FRENTEX

Managing director · since 11 juin 2016 · until 11 juin 2022 · 0842.513.789

Represented by Kurt De Frene

Ended
Koen De Frene

Director · since 11 juin 2016 · until 11 juin 2022

Ended
Kris De Frene

Director · since 11 juin 2016 · until 11 juin 2022

Ended
FRENTEX

Managing director · since 12 janvier 2012 · until 12 juin 2018 · 0842.513.789

Represented by Kurt De Frene

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates20/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/03/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/09/2010
    KAPITAAL - AANDELEN
    PDF
  • Mandates01/07/2010
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares19/12/2006
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/02/2004
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-676,5 €↓
  2. 2024
    Annual accounts 2024170,8 k €↑
  3. 2023
    Annual accounts 202345,7 k €↓
  4. 2022
    Annual accounts 2022202,6 k €↑
  5. 2021
    Annual accounts 202156,7 k €↑
  6. 2020
    Annual accounts 2020489,3 €↓
  7. 2019
    Annual accounts 20198,3 k €↑
  8. 2018
    Annual accounts 2018-308,7 k €↓
  9. 2017
    Annual accounts 2017-64,3 k €↓
  10. 2016
    Annual accounts 2016111,1 k €↓
  11. 2015
    Annual accounts 2015167,9 k €↑
  12. 2014
    Annual accounts 201457,3 k €↓
  13. 2013
    Annual accounts 2013144,1 k €↑
  14. 2012
    Annual accounts 201254,8 k €↓
  15. 2011
    Annual accounts 2011170,2 k €↑
  16. 2010
    Annual accounts 2010141 k €↓
  17. 2009
    Annual accounts 2009167,1 k €↑
  18. 2008
    Annual accounts 2008118,4 k €↑
  19. 2007
    Annual accounts 2007108 k €↑
  20. 2006
    Annual accounts 200668,7 k €
  21. 18/04/1956
    IncorporationPublic limited company