Up to 125 workers will lose their jobs at troubled Gevaco Textile after a court declared it bankrupt on Friday.

Gevaco, part of the Sofitex group, had filed for three months' protection from creditors while it looked for a buyer.

But a judge sitting in Oodenaarde ruled that the chances of finding an investor for Gevaco were very small. Five curators have now been appointed to the debt-ridden company.