EUROFLEX
ActiveSummary
EUROFLEX has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €617,181. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300,000 at 30 days acceptable
Liquidity ample (current ratio 10.38 against 14.37 in 2024; short-term debt: 7.9% and cash: 10.5% of total assets), and 18.5% of the assets are financed with debt.
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Signals
Four 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.5%
Return on assets
13.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
16 d early
2023
22 d late
2022
25 d late
2021
11 d late
2020
26 d late
2019
31 d late
← 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 17 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 oldest company in Pelt, Manufacturing sector#7 company by equity in Limburg, Furniture sector#10 company by total assets in Limburg, Furniture sector
Equity
€3.6m▲ 20.4%
2024 · €3.0m
Total assets
€4.5m▲ 19.6%
2024 · €3.7m
Net result
€617,181▲ 70.8%
2024 · €361,302
Working capital
€3.3m▲ 25.0%
2024 · €2.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, 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
Line20212022202320242025
Operating result€451,703▲ 34.4%€417,514▼ 7.6%€510,462▲ 22.3%€503,965▼ 1.3%€841,151▲ 66.9%
Net result€316,480above the sector's middle half▲ 29.8%€317,199above the sector's middle half▲ 0.2%€346,091above the sector's middle half▲ 9.1%€361,302above the sector's middle half▲ 4.4%€617,181above the sector's middle half▲ 70.8%
Equity€2.0mabove the sector's middle half▲ 18.8%€2.3mabove the sector's middle half▲ 15.8%€2.7mabove the sector's middle half▲ 14.9%€3.0mabove the sector's middle half▲ 13.6%€3.6mabove the sector's middle half▲ 20.4%
Total assets€2.2mwithin the sector's middle half▲ 20.9%€3.3mabove the sector's middle half▲ 51.7%€3.5mabove the sector's middle half▲ 4.4%€3.7mabove the sector's middle half▲ 7.1%€4.5mabove the sector's middle half▲ 19.6%
Debt€203,068▲ 47.1%€1.0m▲ 405%€824,733▼ 19.6%€712,635▼ 13.6%€827,138▲ 16.1%
Working capital€1.8m▲ 25.8%€1.9m▲ 5.1%€2.3m▲ 18.9%€2.7m▲ 15.3%€3.3m▲ 25.0%
Solvency90.8%above the sector's middle half▼ 1.6pp69.3%above the sector's middle half▼ 21.4pp76.4%above the sector's middle half▲ 7.0pp80.9%above the sector's middle half▲ 4.6pp81.5%above the sector's middle half▲ 0.6pp
Staff (FTE)9.9within the sector's middle half▼ 3.9%9.6within the sector's middle half▼ 3.0%8.8within the sector's middle half▼ 8.3%9.3within the sector's middle half▲ 5.7%11.1within the sector's middle half▲ 19.4%
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 67% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€798,371 ▼ 9.8%
Current assets
€3.7m ▲ 28.7%
Equity and liabilities €4.5m
Equity
€3.6m ▲ 20.4%
Debt
€827,138 ▲ 16.1%
Debt's share of the balance-sheet total falls from 19.1% to 18.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€936,171▲
2024 · €592,093
Cash flow
€712,201▲
2024 · €449,430
Current ratio
10.38▼
2024 · 14.37
Quick ratio
9.01▼
2024 · 12.23
Debt to equity
0.23▼
2024 · 0.24
ROE
16.9%▲
2024 · 11.9%
ROA
13.8%▲
2024 · 9.7%
Interest coverage
67.95▲
2024 · 49.22
Debt ≤ 1 year
€353,713▲
2024 · €198,638
Debt > 1 year
€473,426▼
2024 · €513,943
Income taxes
€251,587▲
2024 · €146,433
Staff costs
€593,407▲
2024 · €539,414
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 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 bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €421,548 | €440,061 | €456,943 | €539,414 | €593,407 | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,208 | €72,943 | €103,887 | €88,127 | €95,020 | ▲ 7.8% |
| Other operating charges640/8 | €12,122 | €13,620 | €17,093 | €20,157 | €18,804 | ▼ 6.7% |
| Gross operating margin9900 | €936,582 | €944,138 | €1.1m | €1.2m | €1.5m | ▲ 34.4% |
| Operating profit (loss)9901 | €451,703 | €417,514 | €510,462 | €503,965 | €841,151 | ▲ 66.9% |
| Financial income75/76B | €2,064 | €54,408 | €14,955 | €15,798 | €41,394 | ▲ 162% |
| Recurring financial income75 | €2,064 | €54,408 | €14,955 | €15,798 | €41,394 | ▲ 162% |
| Financial charges65/66B | €781 | €8,844 | €13,578 | €12,029 | €13,778 | ▲ 14.5% |
| Recurring financial charges65 | €781 | €8,844 | €13,578 | €12,029 | €13,778 | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €452,987 | €463,078 | €511,839 | €507,735 | €868,768 | ▲ 71.1% |
| Income taxes67/77 | €136,507 | €145,879 | €165,748 | €146,433 | €251,587 | ▲ 71.8% |
| Profit (loss) for the period9904 | €316,480 | €317,199 | €346,091 | €361,302 | €617,181 | ▲ 70.8% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €239,600 | - |
| Transfer to tax-exempt reserves689 | €84,200 | - | - | €147,350 | €252,600 | ▲ 71.4% |
| Profit (loss) for the period to be appropriated9905 | €232,280 | €317,199 | €346,091 | €213,952 | €604,181 | ▲ 182% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €3.3m | €3.5m | €3.7m | €4.5m | ▲ 19.6% |
| Fixed assets21/28 | €175,528 | €997,566 | €949,329 | €884,686 | €798,371 | ▼ 9.8% |
| Intangible fixed assets21 | €1,127 | - | - | - | - | - |
| Tangible fixed assets22/27 | €174,401 | €997,566 | €949,329 | €884,686 | €798,371 | ▼ 9.8% |
| Land and buildings22 | €106,656 | €791,980 | €752,583 | €713,186 | €673,789 | ▼ 5.5% |
| Plant, machinery and equipment23 | €36,258 | €86,018 | €77,317 | €77,600 | €59,137 | ▼ 23.8% |
| Furniture and vehicles24 | €31,488 | €119,568 | €119,429 | €93,900 | €65,444 | ▼ 30.3% |
| Current assets29/58 | €2.0m | €2.3m | €2.5m | €2.9m | €3.7m | ▲ 28.7% |
| Stocks and contracts in progress3 | €478,051 | €533,477 | €594,049 | €425,000 | €487,696 | ▲ 14.8% |
| Stocks30/36 | €478,051 | €533,477 | €594,049 | €425,000 | €487,696 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €241,889 | €287,455 | €249,936 | €241,254 | €349,867 | ▲ 45.0% |
| Trade receivables40 | €241,889 | €287,455 | €244,841 | €241,254 | €349,594 | ▲ 44.9% |
| Other amounts receivable41 | - | - | €5,095 | - | €274 | - |
| Current investments50/53 | €400,860 | €313,827 | €612,827 | €1.6m | €2.4m | ▲ 51.7% |
| Cash at bank and in hand54/58 | €904,864 | €1.2m | €1.1m | €617,107 | €469,867 | ▼ 23.9% |
| Deferred charges and accrued income490/1 | €4,240 | €1,416 | €8,166 | €14,835 | €4,390 | ▼ 70.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €3.3m | €3.5m | €3.7m | €4.5m | ▲ 19.6% |
| Equity10/15 | €2.0m | €2.3m | €2.7m | €3.0m | €3.6m | ▲ 20.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.9m | €2.3m | €2.6m | €3.0m | €3.6m | ▲ 20.8% |
| Non-distributable reserves130/1 | €46,958 | €46,958 | €46,958 | - | - | - |
| Reserves not available under the articles1311 | €46,958 | €46,958 | €46,958 | - | - | - |
| Tax-exempt reserves132 | €262,418 | €262,418 | €262,418 | €409,768 | €422,768 | ▲ 3.2% |
| Distributable reserves133 | €1.6m | €1.9m | €2.3m | €2.6m | €3.2m | ▲ 23.6% |
| Amounts payable17/49 | €203,068 | €1.0m | €824,733 | €712,635 | €827,138 | ▲ 16.1% |
| Amounts payable after more than one year17 | - | €592,754 | €553,725 | €513,943 | €473,426 | ▼ 7.9% |
| Financial debts170/4 | - | €592,754 | €553,725 | €513,943 | €473,426 | ▼ 7.9% |
| Amounts payable within one year42/48 | €186,411 | €409,626 | €237,192 | €198,638 | €353,713 | ▲ 78.1% |
| Current portion of amounts payable after more than one year42 | - | €38,350 | €47,529 | €39,782 | €40,518 | ▲ 1.9% |
| Trade debts44 | €13,701 | €108,554 | €90,602 | €36,819 | €115,948 | ▲ 215% |
| Suppliers440/4 | €13,701 | €108,554 | €90,602 | €36,819 | €115,948 | ▲ 215% |
| Taxes, remuneration and social security45 | €172,055 | €261,924 | €98,241 | €111,217 | €133,519 | ▲ 20.1% |
| Taxes450/3 | €114,930 | €200,076 | €46,283 | €70,151 | €65,153 | ▼ 7.1% |
| Remuneration and social security454/9 | €57,125 | €61,848 | €51,958 | €41,067 | €68,365 | ▲ 66.5% |
| Other amounts payable47/48 | €655 | €799 | €820 | €10,820 | €63,728 | ▲ 489% |
| Accrued charges and deferred income492/3 | €16,657 | €22,851 | €33,817 | €54 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €316,480 | €317,199 | €346,091 | €361,302 | €617,181 | ▲ 70.8% |
| + Depreciation and write-downs630 | €51,208 | €72,943 | €103,887 | €88,127 | €95,020 | ▲ 7.8% |
| Operating cash flow (approximation) | €367,688 | €390,142 | €449,978 | €449,430 | €712,201 | ▲ 58.5% |
| Investment in fixed assets (approximation) | - | -€894,981 | -€55,651 | -€23,485 | -€8,704 | ▲ 62.9% |
| Change in cash | - | €306,190 | -€134,973 | -€458,973 | -€147,240 | ▲ 67.9% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Highest result since 2018net €617,181 ▲70.8%
Operating result €841,151, net result €617,181, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Equity above €2mEq €2.0m ▲18.8%
4 profitable years in a row build equity to €2.0m.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 1986
Ground area
8,116 m²
Building footprint
3,581 m²
Volume, LiDAR
18,511 m³
Parcel 72502E0102/00K147, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stuifzandstraat 52, 3900 Pelt
since 19862.028.564.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00K147 | Flanders | 8,116 m² | 1 · 3,581 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,576 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,328 EUR | 0 EUR |
| 2024 | 1 | 248 EUR | 0 EUR |
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Of 56 companies in sector 31003 we hold annual accounts for 43. 23 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
31003Manufacture of furniture
46494Wholesale of non-electrical household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428250050
Also
9925:BE0428250050
Registered
23-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.