The early 1990's are the beginning of the end of the once so flourishing cotton industry of Kortrijk. Every year more companies stop production.
The 'Kortrijkse Textiel Maatschappij' (KTM) was a spinning mill. The comapny went bankrupt in 2001 due to the debts they had. The production went well, but the costs of machines and buildings were to big for the company.
The oldest buildings date back to 1950, and the newer halls were built in the 1970s. In their peak year during the 1980s there were 800 employees. The company was located in the textile center of Belgium. But automation of the production was the final end.