FLAXSEED SERVICES

Active

Public limited companyfounded 200224 yrs activeRue de la Forêt(BL) 1, 7522 Tournai, BelgiumKBO/BCE: BE 0477.973.636

FLAXSEED SERVICES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.72M and a net result of €240k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 639 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

86 / 100

Excellent▼ -8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability32▼-12

Solvency98▲+2

Growth52=

Stability100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €320k at 30 days acceptable

Liquidity ample (current ratio 3.25 against 2.34 in 2024), and 42.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 52

Relative position

BE, all sectors

reference

Sector 52

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

57.6%

Return on assets

3.7%

Age of the figures

13 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 27-02-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 d early

2024

1 d early

2023

on the day

2022

1 d early

2021

24 d late

2020

23 d late

2019

1 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

31-07-2026 close06-09-2026 today28-02-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€240k▼ 21.7%

2024 · €306k

2021: €317k 2022: €74k 2023: €120k 2024: €306k

2021 → 2025

Working capital

€1.43M▲ 12.3%

2024 · €1.27M

2021: €1.28M 2022: €1.23M 2023: €1.24M 2024: €1.27M

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€3.15M-€3.17M▲ 0.8%€3.25M▲ 2.3%€3.52M▲ 8.3%€3.72M▲ 5.9%

Operating result€397k-€97k▼ 75.5%€148k▲ 52.2%€413k▲ 179%€317k▼ 23.3%

Net result€317k-€74k▼ 76.6%€120k▲ 61.1%€306k▲ 156%€240k▼ 21.7%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 23% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €6.47M

68.1%

31.9%

Fixed assets €4.41M▼ 7.5%

Current assets €2.06M▼ 7.1%

Equity and liabilities €6.47M

57.6%

41.3%

Equity €3.72M▲ 5.9%

Provisions €73k▼ 13.2%

Debt €2.67M▼ 20.9%

The debt ratio falls from 48.4% to 41.3%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€935k▼

2024 · €1.01M

Cash flow

€858k▼

2024 · €902k

Solvency

57.6%▲

2024 · 50.4%

Current ratio

3.25▲

2024 · 2.34

Quick ratio

3.25▲

2024 · 2.34

Debt / equity

0.72▼

2024 · 0.96

ROE

6.4%▼

2024 · 8.7%

ROA

3.7%▼

2024 · 4.4%

Interest coverage

16.97▲

2024 · 15.55

Debt

€2.67M▼

2024 · €3.38M

Debt ≤ 1 year

€634k▼

2024 · €947k

Debt > 1 year

€2.03M▼

2024 · €2.43M

Income taxes

€67k▼

2024 · €92k

Staff costs

€374k▼

2024 · €380k

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 · 2025 against 2024

Balance sheet Code20242025

Total assets 20/58€6.98M€6.47M▼

Fixed assets 21/28€4.77M€4.41M▼

Tangible fixed assets 22/27€4.77M€4.41M▼

Current assets 29/58€2.22M€2.06M▼

Amounts receivable within one year 40/41€1.96M€1.75M▼

Cash & bank 54/58€34k€60k▲

Total equity & liabilities 10/49€6.98M€6.47M▼

Equity 10/15€3.52M€3.72M▲

Contributions / capital 10/11€450k€450k=

Reserves 13€2.82M€3.05M▲

Provisions & deferred taxes 16€84k€73k▼

Amounts payable 17/49€3.38M€2.67M▼

Amounts payable after one year 17€2.43M€2.03M▼

Amounts payable within one year 42/48€947k€634k▼

Trade debts payable within one year 44€454k€126k▼

Income statement Code20242025

Gross operating margin 9900€1.42M€1.34M▼

Operating result 9901€413k€317k▼

Financial income 75€38k€34k▼

Financial charges 65€65k€55k▼

Result before taxes 9903€386k€296k▼

Income taxes 67/77€92k€67k▼

Net result for the period 9904€306k€240k▼

Result to be appropriated 9905€306k€240k▼

Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

Next filing, fiscal year 2026, expected by 28-02-2027

2026

27-02

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

27-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

29-02

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

27-02

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-07

Financial Weakest financial yearnet €74k ▼76.6%

Net result drops to €74k, the lowest in the series; recovery starts the following year.

24-03

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 24 days late

2021

23-03

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 23 days late

2020

28-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

25-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

02-03

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 2 days late

2017

31-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 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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