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FLAX BELGIUM

Active
Private limited companyfounded 1986active for 40 yearsWesterlaan 37, 8790 Waregem, BelgiumKBO/BCE: BE 0428.713.967

From the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

FLAX BELGIUM has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €10,614. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 83% of 9,829 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
FLAX BELGIUMActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 28-03-1986 Normal situation
Legal form
Private limited company
Registered office
Westerlaan 37, 8790 Waregem
Activity
Wholesale trade NACE 46869and 1 other
Establishment unit
2.111.266.366 8720 Dentergem, since 17-09-2002
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Who decides

Board
Shareholders
Board & ownership

How it is doing

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€379,047
▼ 77.3%
Turnover
≈ €2.0m
estimated
Profit
€10,614
▼ 98.9%
Equity
€2.1m
▲ 0.5%
Total assets
€2.6m
▲ 1.3%
Staff
2.5 FTE
▼ 16.7%
2025 accounts 5 days early
Filed on 26-07-2026at the National Bank
Financials
Why 95lowers riskFounded in 1986Size: 2.5 FTE, total assets €2.6mEquity €2.1m (79.1% of total assets)Figures for financial year 2025 (filed 26-07-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 79.1% of total assets
Liquidity 56-18
short-term debt 20.9% · cash 10.2%
Profitability 69-31
return on assets 0.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: 0.1%▲ +0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.32, compared with 4.53 in 2024, above the usual 1.5; short-term debt: 20.9% and cash: 10.2% of total assets), and 20.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 62% on liquidity, 52% on profitability and 43% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1986
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 2.5 FTE, total assets €2.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €2.1m (79.1% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 26-07-2026)
NBB · annual accounts
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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
5 days early
2024
3 days early
2023
2 days early
2022
21 days early
2021
24 days late
2020
12 days late
2019
31 days 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 5 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Caution: Result fell in 2025from €1.0m to €10,614 ▼ 98.9% View
  • Positive: Among the best 11% on equitysector median €364,964 · 9,825 companies €2.1m View
  • Positive: 8 profitable years in a rowprofit 2025: €10,614 8 years View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Documents

Annual accounts at the NBB

All 39 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about FLAX BELGIUM

What is the company number of FLAX BELGIUM?
0428.713.967. In Belgium the VAT number is the company number with BE in front: BE 0428.713.967.
Where is FLAX BELGIUM based?
The registered office is at Westerlaan 37, 8790 Waregem.Company details
What does FLAX BELGIUM do?
According to the KBO register, the main activity is wholesale trade (NACE 46869).
What is the legal form of FLAX BELGIUM?
Private limited company (BV).
When was FLAX BELGIUM founded?
On 28-03-1986.
Is FLAX BELGIUM still active?
Yes, FLAX BELGIUM is an active enterprise in the KBO register.
How many employees does FLAX BELGIUM have?
On average 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FLAX BELGIUM?
≈ €2.0m in financial year 2025. Estimated from the gross margin of €379,047: probably between €1.2m and €3.3m, based on 141 comparable companies, NACE 46.
Is FLAX BELGIUM profitable?
In financial year 2025, FLAX BELGIUM made a profit of €10,614.
Where can I find the annual accounts of FLAX BELGIUM?
FLAX BELGIUM filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of FLAX BELGIUM due?
By 31-07-2027, for financial year 2026.Timeline

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