FLANDERS FLAX IMMO
ActiveFLANDERS FLAX IMMO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.80M and a net result of €119k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+1
Solvency90▲+8
Growth35=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.71 in 2023; short-term debt: 4.5% and cash: 2% of total assets), and 35.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
64.7%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
29 d early
2022
53 d early
2021
60 d early
2020
35 d early
2019
56 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€270k▲ 0.7%
2023 · €268k
2018: €635k
2019: €699k
2020: €645k
2021: €627k
2022: €900k
2023: €268k
2018 → 2024
EBIT margin
64.2%▲ 0.7pp
2023 · 63.5%
2018: 55.3%
2019: 60.7%
2020: 64.5%
2021: 41.0%
2022: 45.1%
2023: 63.5%
2018 → 2024
Net result
€119k▲ 2.4%
2023 · €116k
2018: €277k
2019: €336k
2020: €245k
2021: €740k
2022: €1.26M
2023: €116k
2018 → 2024
Working capital
€-31k▲ 59.7%
2023 · €-77k
2018: €-1.17M
2019: €-1.12M
2020: €-1.11M
2021: €-736k
2022: €125k
2023: €-77k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€645k-€627k▼ 2.9%€900k▲ 43.6%€268k▼ 70.3%€270k▲ 0.7%
Equity€1.49M-€2.23M▲ 49.8%€3.44M▲ 54.4%€1.68M▼ 51.2%€1.80M▲ 7.1%
Operating result€416k-€257k▼ 38.2%€406k▲ 57.8%€170k▼ 58.1%€173k▲ 1.7%
Net result€245k-€740k▲ 202%€1.26M▲ 70.5%€116k▼ 90.8%€119k▲ 2.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.78M
Fixed assets
€2.69M▼ 1.8%
Current assets
€93k▼ 50.6%
Equity and liabilities €2.78M
Equity
€1.80M▲ 7.1%
Debt
€982k▼ 21.1%
The debt ratio falls from 42.6% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€222k▲
2023 · €220k
Cash flow
€168k▲
2023 · €165k
Solvency
64.7%▲
2023 · 57.4%
Current ratio
0.75▲
2023 · 0.71
Quick ratio
0.75▲
2023 · 0.71
Debt / equity
0.55▼
2023 · 0.74
ROE
6.6%▼
2023 · 6.9%
ROA
4.3%▲
2023 · 4.0%
Interest coverage
15.24▲
2023 · 13.73
Debt
€982k▼
2023 · €1.25M
Debt ≤ 1 year
€124k▼
2023 · €265k
Debt > 1 year
€858k▼
2023 · €980k
Income taxes
€39k▲
2023 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.92M€2.78M▼
Fixed assets21/28€2.74M€2.69M▼
Tangible fixed assets22/27€2.74M€2.69M▼
Land and buildings22€2.74M€2.69M▼
Furniture and vehicles24€0-
Leasing and similar rights25€0-
Financial fixed assets28€0-
Affiliated companies280/1€0-
Participating interests280€0-
Current assets29/58€188k€93k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€144k€37k▼
Trade receivables40€40k€36k▼
Other amounts receivable41€104k€1k▼
Cash at bank and in hand54/58€44k€56k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2.92M€2.78M▼
Equity10/15€1.68M€1.80M▲
Contributions10/11€4k€4k=
Reserves13€1.67M€1.79M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.67M€1.79M▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Pensions and similar obligations160€0-
Amounts payable17/49€1.25M€982k▼
Amounts payable after more than one year17€980k€858k▼
Financial debts170/4€980k€858k▼
Leasing and similar obligations172€0-
Credit institutions173€980k€858k▼
Amounts payable within one year42/48€265k€124k▼
Current portion of amounts payable after more than one year42€121k€122k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€960€0▼
Suppliers440/4€960€0▼
Taxes, remuneration and social security45€42k€2k▼
Taxes450/3€42k€2k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€101k€187▼
Income statement
Code20232024
Operating income70/76A€268k€275k▲
Turnover70€268k€270k▲
Other operating income74€0€6k▲
Non-recurring operating income76A€0-
Operating charges60/66A€98k€102k▲
Services and other goods61€7k€10k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€49k=
Other operating charges640/8€41k€43k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€170k€173k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Income from financial fixed assets750€0-
Other financial income752/9€0€0▲
Financial charges65/66B€17k€15k▼
Recurring financial charges65€17k€15k▼
Debt charges650€16k€15k▼
Other financial charges652/9€1k€560▼
Profit (loss) for the period before taxes9903€153k€158k▲
Income taxes67/77€37k€39k▲
Taxes670/3€38k€39k▲
Tax adjustments and reversals of tax provisions77€1k€0▼
Profit (loss) for the period9904€116k€119k▲
Profit (loss) for the period to be appropriated9905€116k€119k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.67M€119k▼
Profit (loss) brought forward from the previous period14P€1.56M€0▼
Transfer to equity691/2€1.67M€119k▼
To other reserves6921€1.67M€119k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €116k ▼90.8%
Net result drops to €116k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.26M ▲70.5%
Net result €1.26M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.13
Current ratio from 0.26 to 1.13; short-term debt falls from €990k to €977k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.23M ▲49.8%
4 profitable years in a row build equity to €2.23M.
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.24M ▲37.1%
2 profitable years in a row build equity to €1.24M.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-12-2025
Resigned as Director
18-07-2023
Resigned as Manager
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Peter Pauwel Rubensstraat 38530 HarelbekeGround area
1,901 m²
Building footprint
409 m²
Volume, LiDAR
2,311 m³
Parcel 34013A1225/00G008, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLANDERS FLAX IMMO
since 20062.157.277.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1225/00G008 | Flanders | 1,901 m² | 1 · 409 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
549300XU7CDQZ5HY7P42
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Of 12,018 companies in sector 68203 we hold annual accounts for 5,984. 3,732 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2006
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
74151
46411Wholesale trade
46419Wholesale trade
46499Wholesale of other household goods
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.