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FLEX

Active
Private limited companyfounded 1974active for 52 yearsAvenue Robert Schuman 191, 1401 Nivelles, BelgiumKBO/BCE: BE 0413.795.961
Summary

FLEX has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €963,190 and a net result of €80,581. Equity is growing by about 60% per year across the filed financial years. Its solvency ranks better than 23% of 332 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisFollow ReportCompare
FLEXActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other builders' carpentry and joinery
NACE 16230Manufacture of fabricated metal products, except machinery and equipment NACE 25120
2nd oldest company in Walloon Brabant, Wood and cork sector2 sites
Size
€4.7mtotal assets 2025
Staff
10.6 FTE
Equity
€963,190
Profit
€80,581
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Board
6 members
2025 accounts 7 days early5 of 8 deeds summarised
Why 67raises riskLiquidity: current ratio 0.64, cash €223,538Equity €963,190 (20.4% of total assets)Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)lowers riskFounded in 1974Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 45% of its sector peers (NACE 16, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 45+2
equity 20.4% of total assets
Liquidity 38+3
short-term debt 39.2% · cash 4.7%
Profitability 71+59
return on assets 1.7%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (165 companies, NACE 16, small)
Last 24 months 11-2024: 5.6% 12-2024: 5.6%● unchanged vs 11-2024 01-2025: 5.6%● unchanged vs 12-2024 02-2025: 5.7%▲ +0.1 percentage points vs 01-2025 03-2025: 5.6%▼ -0.1 percentage points vs 02-2025 04-2025: 5.7%▲ +0.1 percentage points vs 03-2025 05-2025: 5.5%▼ -0.2 percentage points vs 04-2025 06-2025: 5.7%▲ +0.2 percentage points vs 05-2025 07-2025: 6.0%▲ +0.3 percentage points vs 06-2025 08-2025: 6.1%▲ +0.1 percentage points vs 07-2025 09-2025: 6.2%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 2.2%▼ -4.0 percentage points vs 09-2025 11-2025: 2.2%● unchanged vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.1%▼ -0.1 percentage points vs 02-2026 04-2026: 2.2%▲ +0.1 percentage points vs 03-2026 05-2026: 2.3%▲ +0.1 percentage points vs 04-2026 06-2026: 2.4%▲ +0.1 percentage points vs 05-2026 07-2026: 2.3%▼ -0.1 percentage points vs 06-2026 08-2026: 0.9%▼ -1.4 percentage points vs 07-2026lowest value 09-2026: 0.9%● unchanged vs 08-2026lowest value 10-2026: 0.9%● unchanged vs 09-2026lowest value
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.64, compared with 0.65 in 2024, below 1; short-term debt: 39.2% and cash: 4.7% of total assets), and 79.6% 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 16, small): better than 17% on solvency, 30% on liquidity, 60% on profitability and 75% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.64, cash €223,538
NBB · annual accounts
raises risk · Equity €963,190 (20.4% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
KBO
lowers risk · Founded in 1974
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 332 sector peers (2025).
NBB · sector comparison
Position among 332 sector peers
Solvency
better than 23%
← weakest strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
31 days late
2023
30 days late
2022
31 days late
2021
61 days late
2020
89 days late
2019
119 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 51 days after the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% 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 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · Amendment of…Capital increase · Shareholding ·…
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Back to profitnet €80,581

Key points

  • Positive: Back in profit in 2025after -€314,191 in 2024 €80,581 View
  • Positive: 2nd oldest company in Walloon Brabant, Wood and cork sectorin the Checked rankings No. 2 View
  • Active since 1974founded 08-01-1974 52 years View

By topic

Financials

Financial year
2025
Total assets
€4.7m
Profit
€80,581
Solvency
20.4%
Total assets▼ 7.2%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
  • ADEGODirector
  • LECOMTE François-Valery Albert Eugène GhislainDirector
  • SPARAXISDirector
  • STEDEMDirector
  • ADESSIASDirector

and 1 other director

Go to Board & ownership

Timeline

Events
61
Since
1978
Next accounts
by 31-07-2027
  1. 31-08-2025Annual accounts filed
  2. 13-12-2024Appointments: LECOMTE François-Valery Albert Eugène Ghislain, ADEGO…
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of other builders' carpentry and joineryNACE 16230
Founded
08-01-1974
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
15
Annual meeting
First Tuesday of June at 16:00
Purpose
“L)L’achat,1a vente,l'importation,l'exportation,la fabrication,la représentation et,d'une…” (deed in French)
Go to Articles of association

Key facts about FLEX

What is the company number of FLEX?
0413.795.961. In Belgium the VAT number is the company number with BE in front: BE 0413.795.961.
Where is FLEX based?
The registered office is at Avenue Robert Schuman 191, 1401 Nivelles.Company details
What does FLEX do?
According to the KBO register, the main activity is manufacture of other builders' carpentry and joinery (NACE 16230).
What is the legal form of FLEX?
Private limited company (BV).
When was FLEX founded?
On 08-01-1974.
Is FLEX still active?
Yes, FLEX is an active enterprise in the KBO register.
How many employees does FLEX have?
On average 10.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FLEX?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FLEX profitable?
In financial year 2025, FLEX made a profit of €80,581.
Where can I find the annual accounts of FLEX?
FLEX filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FLEX due?
By 31-07-2027, for financial year 2026.Timeline

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