AB Flex
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 20-10-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2026 is a loss of €21,468, larger than the loss of €15,335 in 2025. It is the lowest result since 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Tangible fixed assets | €1,867 | €2,386 | €2,066 |
| Intangible fixed assets | €605 | - | - |
| Financial fixed assets | €225 | - | - |
| Depreciation and write-downs of the year | €664 | €901 | €1,469 |
Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €664 | €901 | €1,469 | ▲ 63.0% |
| Other operating charges640/8 | €321 | €126 | €568 | ▲ 351% |
| Gross operating margin9900 | €87,358 | -€14,308 | -€19,431 | ▼ 35.8% |
| Operating profit (loss)9901 | €86,373 | -€15,335 | -€21,468 | ▼ 40.0% |
| Financial income75/76B | €800 | €3,004 | - | - |
| Recurring financial income75 | €800 | €3,004 | - | - |
| Financial charges65/66B | €22 | €516 | €235 | ▼ 54.5% |
| Recurring financial charges65 | €22 | €516 | €235 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | €87,151 | -€12,846 | -€21,703 | ▼ 68.9% |
| Income taxes67/77 | €17,797 | - | - | - |
| Profit (loss) for the period9904 | €69,354 | -€12,846 | -€21,703 | ▼ 68.9% |
| Profit (loss) for the period to be appropriated9905 | €69,354 | -€12,846 | -€21,703 | ▼ 68.9% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €104,673 | €95,268 | €71,576 | ▼ 24.9% |
| Fixed assets21/28 | €2,033 | €3,517 | €3,889 | ▲ 10.6% |
| Intangible fixed assets21 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1,808 | €3,292 | €3,889 | ▲ 18.1% |
| Plant, machinery and equipment23 | - | - | €1,847 | - |
| Furniture and vehicles24 | €1,808 | €3,292 | €2,042 | ▼ 38.0% |
| Financial fixed assets28 | €225 | €225 | - | - |
| Current assets29/58 | €102,640 | €91,751 | €67,688 | ▼ 26.2% |
| Stocks and contracts in progress3 | €12,498 | €6,127 | €10,002 | ▲ 63.3% |
| Stocks30/36 | €12,498 | €6,127 | €10,002 | ▲ 63.3% |
| Amounts receivable within one year40/41 | €16,846 | €51,094 | €49,718 | ▼ 2.7% |
| Trade receivables40 | €3,917 | €32,174 | €48,998 | ▲ 52.3% |
| Other amounts receivable41 | €12,929 | €18,920 | €720 | ▼ 96.2% |
| Cash at bank and in hand54/58 | €72,492 | €22,213 | €6,657 | ▼ 70.0% |
| Deferred charges and accrued income490/1 | €804 | €12,318 | €1,311 | ▼ 89.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €104,673 | €95,268 | €71,576 | ▼ 24.9% |
| Equity10/15 | €71,554 | €58,708 | €37,005 | ▼ 37.0% |
| Contributions10/11 | €2,200 | €2,200 | €2,200 | = |
| Reserves13 | €69,354 | €69,354 | €69,354 | = |
| Distributable reserves133 | €69,354 | €69,354 | €69,354 | = |
| Profit (loss) carried forward14 | - | -€12,846 | -€34,549 | ▼ 169% |
| Amounts payable17/49 | €33,119 | €36,560 | €34,571 | ▼ 5.4% |
| Amounts payable within one year42/48 | €33,119 | €36,560 | €34,571 | ▼ 5.4% |
| Trade debts44 | €11,150 | €23,329 | €16,976 | ▼ 27.2% |
| Suppliers440/4 | €11,150 | €23,329 | €16,976 | ▼ 27.2% |
| Taxes, remuneration and social security45 | €21,968 | €13,231 | €11,024 | ▼ 16.7% |
| Taxes450/3 | €21,968 | €13,231 | €11,024 | ▼ 16.7% |
| Other amounts payable47/48 | - | - | €6,571 | - |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,354 | -€12,846 | -€21,703 | ▼ 68.9% |
| + Depreciation and write-downs630 | €664 | €901 | €1,469 | ▲ 63.0% |
| Operating cash flow (approximation) | €70,018 | -€11,945 | -€20,234 | ▼ 69.4% |
| Investment in fixed assets (approximation) | - | -€2,386 | -€1,841 | ▲ 22.8% |
| Change in cash | - | -€50,279 | -€15,556 | ▲ 69.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as AB Flex has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AB Flex itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for AB Flex. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.