ERGOFLEX
ActiveSummary
ERGOFLEX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.5m and a net result of €242,858. Equity is growing by ~10.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+9
Solvency100=
Growth68▲+12
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 10.24 against 6.69 in 2023; short-term debt: 9.8% and cash: 9% of total assets), and 9.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
90.2%
Return on assets
8.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
48 d early
2023
47 d early
2022
46 d early
2021
48 d early
2020
50 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€3.3m▼ 11.3%
2023 · €3.7m
EBIT margin
7.8%▲ 3.2pp
2023 · 4.6%
Net result
€242,858▲ 74.3%
2023 · €139,306
Working capital
€2.5m▲ 10.3%
2023 · €2.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.6m▲ 0.9%€5.2m▲ 45.4%€4.2m▼ 19.8%€3.7m▼ 9.8%€3.3m▼ 11.3%
Operating result€138,163▼ 68.4%€442,115▲ 220%€188,246▼ 57.4%€171,594▼ 8.8%€259,805▲ 51.4%
Net result€108,743within the sector's middle half▼ 63.2%€340,351within the sector's middle half▲ 213%€150,949within the sector's middle half▼ 55.6%€139,306within the sector's middle half▼ 7.7%€242,858within the sector's middle half▲ 74.3%
EBIT margin3.9%▼ 8.5pp8.5%▲ 4.7pp4.5%▼ 4.0pp4.6%=7.8%▲ 3.2pp
Equity€1.6mwithin the sector's middle half▲ 7.1%€2.0mwithin the sector's middle half▲ 20.7%€2.1mwithin the sector's middle half▲ 7.6%€2.3mwithin the sector's middle half▲ 6.5%€2.5mwithin the sector's middle half▲ 10.7%
Total assets€2.3mwithin the sector's middle half▲ 9.4%€2.5mwithin the sector's middle half▲ 10.2%€2.5mwithin the sector's middle half▼ 2.9%€2.7mwithin the sector's middle half▲ 9.1%€2.8mwithin the sector's middle half▲ 4.0%
Debt€656,044▲ 15.5%€549,612▼ 16.2%€324,697▼ 40.9%€409,495▲ 26.1%€273,617▼ 33.2%
Working capital€1.6mwithin the sector's middle half▲ 5.4%€2.0mabove the sector's middle half▲ 20.7%€2.1mabove the sector's middle half▲ 7.6%€2.3mabove the sector's middle half▲ 6.9%€2.5mabove the sector's middle half▲ 10.3%
Solvency71.5%above the sector's middle half▼ 1.5pp78.3%above the sector's middle half▲ 6.8pp86.8%above the sector's middle half▲ 8.5pp84.7%above the sector's middle half▼ 2.1pp90.2%above the sector's middle half▲ 5.5pp
Current ratio3.50above the sector's middle half▼ 0.374.61above the sector's middle half▲ 1.107.57above the sector's middle half▲ 2.966.69above the sector's middle half▼ 0.8810.24above the sector's middle half▲ 3.55
Return on assets (ROA)4.7%within the sector's middle half▼ 9.3pp13.4%above the sector's middle half▲ 8.7pp6.1%within the sector's middle half▼ 7.3pp5.2%within the sector's middle half▼ 0.9pp8.7%within the sector's middle half▲ 3.5pp
Staff (FTE)55.5within the sector's middle half▼ 7.8%72.1within the sector's middle half▲ 29.9%55.9within the sector's middle half▼ 22.5%45.3within the sector's middle half▼ 19.0%35.1within the sector's middle half▼ 22.5%
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 51% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets
€1,375 =
Current assets
€2.8m ▲ 4.0%
Equity and liabilities €2.8m
Equity
€2.5m ▲ 10.7%
Debt
€273,617 ▼ 33.2%
Debt's share of the balance-sheet total falls from 15.3% to 9.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.11▼
2023 · 0.18
ROE
9.6%▲
2023 · 6.1%
Debt ≤ 1 year
€272,367▼
2023 · €400,815
Income taxes
€85,108▲
2023 · €53,173
Staff costs
€3.0m▼
2023 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.6m | €5.2m | €4.2m | €3.8m | €3.3m | ▼ 11.4% |
| Turnover70 | €3.6m | €5.2m | €4.2m | €3.7m | €3.3m | ▼ 11.3% |
| Other operating income74 | €8,232 | €18,795 | €8,909 | €17,671 | €12,609 | ▼ 28.6% |
| Non-recurring operating income76A | €947 | €9,092 | €411 | €17 | €16 | ▼ 6.3% |
| Operating charges60/66A | €3.4m | €4.8m | €4.0m | €3.6m | €3.1m | ▼ 14.4% |
| Services and other goods61 | €35,155 | €38,412 | €30,045 | €59,925 | €63,599 | ▲ 6.1% |
| Remuneration, social security and pensions62 | €3.4m | €4.7m | €3.8m | €3.4m | €3.0m | ▼ 12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €15,172 | -€30,010 | €133,612 | €92,920 | -€377 | ▼ 100% |
| Other operating charges640/8 | €16,830 | €2,360 | €10,509 | €14,198 | €2,733 | ▼ 80.7% |
| Non-recurring operating charges66A | €10,559 | €9,095 | €14,653 | €49 | €2,514 | ▲ 4,988% |
| Operating profit (loss)9901 | €138,163 | €442,115 | €188,246 | €171,594 | €259,805 | ▲ 51.4% |
| Financial income75/76B | - | - | €19,603 | €21,349 | €68,709 | ▲ 222% |
| Recurring financial income75 | €10,199 | €21,655 | €19,603 | €21,349 | €68,709 | ▲ 222% |
| Income from financial fixed assets750 | €20 | - | - | - | - | - |
| Income from current assets751 | €9,659 | - | - | €21,349 | €61,726 | ▲ 189% |
| Other financial income752/9 | €520 | €21,655 | €19,603 | - | €6,984 | - |
| Financial charges65/66B | €556 | €186 | €172 | €465 | €549 | ▲ 18.0% |
| Recurring financial charges65 | €556 | €186 | €172 | €465 | €549 | ▲ 18.0% |
| Other financial charges652/9 | €556 | €186 | €172 | €465 | €549 | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | €147,806 | €463,584 | €207,677 | €192,478 | €327,965 | ▲ 70.4% |
| Income taxes67/77 | €39,063 | €123,233 | €56,728 | €53,173 | €85,108 | ▲ 60.1% |
| Taxes670/3 | €39,063 | €123,233 | €56,728 | €53,173 | €85,108 | ▲ 60.1% |
| Profit (loss) for the period9904 | €108,743 | €340,351 | €150,949 | €139,306 | €242,858 | ▲ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €108,743 | €340,351 | €150,949 | €139,306 | €242,858 | ▲ 74.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.5m | €2.5m | €2.7m | €2.8m | ▲ 4.0% |
| Fixed assets21/28 | €1,375 | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Financial fixed assets28 | €1,375 | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Affiliated companies280/1 | €1,375 | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Participating interests280 | €1,375 | €1,375 | €1,375 | €1,375 | €1,375 | = |
| Current assets29/58 | €2.3m | €2.5m | €2.5m | €2.7m | €2.8m | ▲ 4.0% |
| Amounts receivable within one year40/41 | €1.9m | €2.0m | €2.1m | €2.7m | €2.5m | ▼ 4.2% |
| Trade receivables40 | €912,968 | €961,763 | €656,266 | €632,415 | €344,979 | ▼ 45.5% |
| Other amounts receivable41 | €1.0m | €1.0m | €1.4m | €2.0m | €2.2m | ▲ 8.7% |
| Cash at bank and in hand54/58 | €375,293 | €544,792 | €397,517 | €31,823 | €251,367 | ▲ 690% |
| Deferred charges and accrued income490/1 | - | €167 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.5m | €2.5m | €2.7m | €2.8m | ▲ 4.0% |
| Equity10/15 | €1.6m | €2.0m | €2.1m | €2.3m | €2.5m | ▲ 10.7% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €1.3m | €1.7m | €1.8m | €2.0m | €2.2m | ▲ 12.3% |
| Non-distributable reserves130/1 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Legal reserve130 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Distributable reserves133 | €1.3m | €1.7m | €1.8m | €1.9m | €2.2m | ▲ 12.5% |
| Amounts payable17/49 | €656,044 | €549,612 | €324,697 | €409,495 | €273,617 | ▼ 33.2% |
| Amounts payable within one year42/48 | €656,044 | €549,612 | €324,697 | €400,815 | €272,367 | ▼ 32.0% |
| Trade debts44 | €43,299 | €22,824 | €30,182 | €45,271 | €56,492 | ▲ 24.8% |
| Suppliers440/4 | €43,299 | €22,824 | €30,182 | €45,271 | €56,492 | ▲ 24.8% |
| Taxes, remuneration and social security45 | €601,976 | €526,788 | €294,515 | €355,544 | €215,875 | ▼ 39.3% |
| Taxes450/3 | €222,440 | €124,987 | €140,274 | €88,260 | €74,555 | ▼ 15.5% |
| Remuneration and social security454/9 | €379,536 | €401,801 | €154,241 | €267,284 | €141,319 | ▼ 47.1% |
| Other amounts payable47/48 | €10,769 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €8,680 | €1,250 | ▼ 85.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,743 | €340,351 | €150,949 | €139,306 | €242,858 | ▲ 74.3% |
| Operating cash flow (approximation) | €108,743 | €340,351 | €150,949 | €139,306 | €242,858 | ▲ 74.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €169,499 | -€147,275 | -€365,694 | €219,543 | ▲ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
State Gazette act
Appointment: CHAT@HOOCHEE (director)Permanent representative: Nico Reeskens · Resignation: YASS (director)6 facts ▸
State Gazette act
Appointment: CHAT@HOOCHEE (director)
Permanent representative: Nico Reeskens · Resignation: YASS (director)6 facts ▸
- Board meeting, 18-05-2026
- Director appointment, CHAT@HOOCHEE (director)
- Director appointment, CHAT@HOOCHEE (day-to-day manager)
- Permanent representative, Nico Reeskens (permanent representative)
- Director resignation, YASS (director)
- Director resignation, YASS (day-to-day manager)
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2mEq €2.1m ▲7.6%
5 profitable years in a row build equity to €2.1m.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €340,351 ▲213%
Operating result €442,115, net result €340,351, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €108,743 ▼63.2%
Net result drops to €108,743, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
CHAT@HOOCHEE
CurrentDirector · since 01-06-2026 · Private limited company · perm. rep.: Nico Reeskens
Day-to-day management 1
CHAT@HOOCHEE
CurrentDay-to-day manager · since 01-06-2026 · Private limited company · perm. rep.: Nico Reeskens
Permanent representatives 1
Nico Reeskens
CurrentPermanent representative · since 01-06-2026 · for CHAT@HOOCHEE
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
22 of this company's 23 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mechelen · 10 establishment units since 2003
Ground area
2.3 ha
Building footprint
7,434 m²
Volume, LiDAR
103,047 m³
10 parcels, Brussels, Flanders, Wallonia · tallest building 38.4 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
10 establishment units
Ergoflex
since 20032.133.145.410
Ergoflex
since 20182.274.138.373
Ergoflex
since 20182.276.193.288
Ergoflex
since 20182.277.023.134
Ergoflex
since 20182.277.023.233
Ergoflex
since 20182.277.023.332
Show 4 more locations
Ergoflex
since 20182.277.023.431
Ergoflex
since 20182.277.023.530
Ergoflex
since 20182.277.023.629
Ergoflex
since 20192.281.993.393
10 parcels
Flanders
6
(60%)
Wallonia
3
(30%)
Brussels
1
(10%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0073/00F002 | Flanders | 1.3 ha | 1 · 695 m² | 15.6 m · 4 fl. |
| 24062A0069/00R000 | Flanders | 4,206 m² | 1 · 4,153 m² | 38.4 m · 6 fl. |
| 46445D1175/00X000 | Flanders | 1,926 m² | 1 · 399 m² | 15.2 m · 3 fl. |
| 21808H1316/00D000 | Brussels | 955 m² | 1 · 458 m² | 16.7 m · 2 fl. |
| 92094C0170/02N000 | Wallonia | 754 m² | 1 · 203 m² | 17.6 m · 5 fl. |
| 11802B0059/00Z002 | Flanders | 660 m² | 1 · 414 m² | 3.0 m |
| 31804D1146/00E000 | Flanders | 653 m² | 1 · 653 m² | 17.8 m · 4 fl. |
| 52011D0040/00K000 | Wallonia | 427 m² | 1 · 126 m² | - |
| 62805B0476/00F027 | Wallonia | 244 m² | 1 · 201 m² | 20.7 m · 7 fl. |
| 44815F2937/00F000 | Flanders | 241 m² | 1 · 132 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
10 of 10 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CHAT@HOOCHEE |
|
| YASS |
|
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
Highest known parent: Proman Northeastern Europe. The sources do not say who stands above it.
Owners 2
-
99.99%
- t-groep Nederland BVNLSourceown accounts 20240.01%
Holdings 1
-
0.01%
According to the 2024 annual accounts of ERGOFLEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
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Linked via shared directors
LEE HECHT HARRISON
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Winsearch
Shared corporate director
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Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,714 EUR awarded · 1,714 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,714 EUR | 1,714 EUR |
Schemes
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 217 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859584405
Also
9925:BE0859584405
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.