FLAX BELGIUM
ActiveFrom 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 has been growing by about 15% per year since 2018. 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).
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
Board and ownership
- Marc DepesteleDirector
- ARTHURDirector · permanent representative Nele Galle
- Depestele SARLconsolidatesannual accounts 2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- 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%
Score breakdownlowers riskFounded in 1986Size: 2.5 FTE, total assets €2.6mEquity €2.1m (79.1% of total assets)Figures for financial year 2025 (filed on 26-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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). It does better than 90% of them 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Result fell in 2025from €1.0m to €10,614 ▼ 98.9% View
- Positive: More equity than 89% of companies in wholesale tradesector 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
- Annual accounts 2025filed on 26-07-2026
- Annual accounts 2024filed on 28-07-2025
- Annual accounts 2023filed on 29-07-2024
- Annual accounts 2022filed on 10-07-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about FLAX BELGIUM
- What is the company number of FLAX BELGIUM?
- The company number of FLAX BELGIUM is 0428.713.967. The VAT number is the same 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?
- The legal form of FLAX BELGIUM is Private limited company (BV).
- When was FLAX BELGIUM founded?
- FLAX BELGIUM was 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?
- FLAX BELGIUM had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FLAX BELGIUM?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €379,047 and 141 comparable companies (NACE 46). It probably lies between €1.2m and €3.3m.
- 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?
- FLAX BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Comparable companies
These companies have the same main activity as FLAX BELGIUM: wholesale trade (NACE 46869). They are comparable in size and age: total assets between €1.3m and €5.7m, founded between 1978 and 1996.
| Company | Total assets | Gross margin |
|---|---|---|
| FLAX BELGIUM Waregem | €2.6m | €0.4m |
| PROFILLIN Waregem | €2.7m | €0.5m |
| MERVI Antwerpen | €2.6m | €0.3m |
| RUBCO Oudsbergen | €1.3m | €0.3m |
| T-Traders Kapellen | €1.8m | €0.2m |
| DYNAMIC SERVICE Antwerpen | €1.4m | €0.5m |
| INTER - MINERALS Geel | €5.7m | €0.3m |
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