Summary
FLAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €46,303 and a net result of €12,434. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 8074 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 d early
2024
28 d late
2023
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€46,303▲ 36.7%
2024 · €33,869
Net result
€12,434▼ 5.2%
2024 · €13,113
Total assets
€61,799▲ 10.5%
2024 · €55,923
Solvency
74.9%▲ 14.4pp
2024 · 60.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€23,082-€17,838▼ 22.7%€16,901▼ 5.3%
Net result€17,756-€13,113▼ 26.1%€12,434▼ 5.2%
Equity€20,756-€33,869▲ 63.2%€46,303▲ 36.7%
Total assets€35,249-€55,923▲ 58.7%€61,799▲ 10.5%
Debt€14,493-€22,054▲ 52.2%€15,495▼ 29.7%
Working capital€20,756-€21,454▲ 3.4%€35,023▲ 63.2%
Solvency58.9%-60.6%▲ 1.7pp74.9%▲ 14.4pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,799
Fixed assets
€11,280 ▼ 9.1%
Current assets
€50,518 ▲ 16.1%
Equity and liabilities €61,799
Equity
€46,303 ▲ 36.7%
Debt
€15,495 ▼ 29.7%
Debt's share of the balance-sheet total falls from 39.4% to 25.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.9%▼
2024 · 38.7%
ROA
20.1%▼
2024 · 23.4%
Debt ≤ 1 year
€15,495▼
2024 · €22,054
Income taxes
€4,383▼
2024 · €4,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,497 | €4,706 | ▲ 88.5% |
| Other operating charges640/8 | €262 | €190 | €624 | ▲ 228% |
| Gross operating margin9900 | €23,344 | €20,525 | €22,231 | ▲ 8.3% |
| Operating profit (loss)9901 | €23,082 | €17,838 | €16,901 | ▼ 5.3% |
| Financial charges65/66B | €35 | €39 | €83 | ▲ 113% |
| Recurring financial charges65 | €35 | €39 | €83 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €23,047 | €17,799 | €16,818 | ▼ 5.5% |
| Income taxes67/77 | €5,292 | €4,685 | €4,383 | ▼ 6.4% |
| Profit (loss) for the period9904 | €17,756 | €13,113 | €12,434 | ▼ 5.2% |
| Profit (loss) for the period to be appropriated9905 | €17,756 | €13,113 | €12,434 | ▼ 5.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35,249 | €55,923 | €61,799 | ▲ 10.5% |
| Fixed assets21/28 | - | €12,415 | €11,280 | ▼ 9.1% |
| Tangible fixed assets22/27 | - | €12,415 | €11,280 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | €1,188 | - |
| Furniture and vehicles24 | - | €12,415 | €10,092 | ▼ 18.7% |
| Current assets29/58 | €35,249 | €43,508 | €50,518 | ▲ 16.1% |
| Amounts receivable within one year40/41 | €6,050 | €6,475 | €7,255 | ▲ 12.1% |
| Trade receivables40 | €6,050 | €6,475 | €7,255 | ▲ 12.1% |
| Cash at bank and in hand54/58 | €29,095 | €36,135 | €35,859 | ▼ 0.8% |
| Deferred charges and accrued income490/1 | €104 | €898 | €7,404 | ▲ 725% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35,249 | €55,923 | €61,799 | ▲ 10.5% |
| Equity10/15 | €20,756 | €33,869 | €46,303 | ▲ 36.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €17,756 | €30,869 | €43,303 | ▲ 40.3% |
| Distributable reserves133 | €17,756 | €30,869 | €43,303 | ▲ 40.3% |
| Amounts payable17/49 | €14,493 | €22,054 | €15,495 | ▼ 29.7% |
| Amounts payable within one year42/48 | €14,493 | €22,054 | €15,495 | ▼ 29.7% |
| Trade debts44 | €3,425 | €4,844 | €513 | ▼ 89.4% |
| Suppliers440/4 | €3,425 | €4,844 | €513 | ▼ 89.4% |
| Taxes, remuneration and social security45 | €9,436 | €13,482 | €12,407 | ▼ 8.0% |
| Taxes450/3 | €8,080 | €12,092 | €10,807 | ▼ 10.6% |
| Remuneration and social security454/9 | €1,356 | €1,389 | €1,600 | ▲ 15.2% |
| Other amounts payable47/48 | €1,632 | €3,729 | €2,576 | ▼ 30.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,756 | €13,113 | €12,434 | ▼ 5.2% |
| + Depreciation and write-downs630 | - | €2,497 | €4,706 | ▲ 88.5% |
| Operating cash flow (approximation) | €17,756 | €15,610 | €17,141 | ▲ 9.8% |
| Investment in fixed assets (approximation) | - | - | -€3,572 | - |
| Change in cash | - | €7,040 | -€276 | ▼ 104% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €12,434 ▼5.2%
Net result drops to €12,434, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Kasterlee · 1 establishment unit since 2022
Ground area
704 m²
Building footprint
158 m²
Volume, LiDAR
928 m³
Parcel 13038C0202/00L000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLAX
since 20222.338.826.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13038C0202/00L000 | Flanders | 704 m² | 1 · 158 m² | 7.1 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.
Similar companies · same sector, comparable size
BAES-BLANCKAERT
BE 0890.195.427
Koksijde · Eq €46,295
Gladvice
BE 0668.759.768
Oosterzele · Eq €46,329
ACRO-INVEST
BE 0865.573.857
Waregem · Eq €46,276
Penso
BE 1020.931.334
Leuven · Eq €46,337
Forwards
BE 0817.518.176
Braine-le-Comte · Eq €46,266
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,211 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
Founded28-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794127122
Also
9925:BE0794127122
Registered
23-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.