Losses
-€17,273 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
FLEX
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1992peak €40,442 (2020)
-€8,429▼ €15,131
lowest -€13,915 (2025)
-€13,915▼ €10,557
peak €250,671 (2014)
€230,456▼ 5.7%
€196,905▼ 3.6%
Board1 name since 2017
1 directorArgus Invest Belgium
Documentsfilings and deeds
05-05-20265 days late
2025micro format
Gross margin from €6,702 to -€8,429Loss of €13,915Registered office moved within Dendermonde 13-02
Key points
from the 2025 annual accountsFilings
33 annual accounts since 1992
Four of the last ten came late. The 2019 accounts came latest: 19 days after the end of the period.
Position in the sector
-€13,915
Lower net result than 90% of companies in office administrative support. Sector median €16,198 · 9,697 companies.
Turnover not published (micro format)
Checked score
79
Excellent
Financially stronger than 30% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.4 percentage points vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▼ -0.3 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -0.5 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 2.16, cash €736
lowers risk
Founded in 1991
Figures for financial year 2025 (filed on 07-05-2026)
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 82, micro). It does better than 55% of them on solvency, 15% on liquidity, 19% on profitability and 31% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as FLEX has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLEX itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for FLEX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.16 (2.19 in 2024), above the usual 1.5. Short-term debt is 46.1% and cash 0.2% of total assets. 46.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€13,915
raises risk · 2025 accounts filed 5 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
2 days early
2023
7 days late
2022
16 days late
2021
5 days early
2020
on the day
2019
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 5 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444484286
Registered office moved within Dendermonde
New registered office: FABRIEKSTRAAT 37, 9200 DENDERMONDE · Previous registered office: Steenweg van Grembergen 14 bus 5, 9200 Dendermonde · General meeting of 28-01-2025 · Gazette deed
Appointment: Argus Invest Belgium (manager)
General meeting of 05-10-2017 · Gazette deed
First establishment
Fabriekstraat 37, Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLEX Dendermonde | €427,361 | -€8,429 | 53.9% | - |
| EPICUROS Haacht | €412,666 | -€2,067 | 83.5% | - |
| VERSTRAETE Kortrijk | €399,047 | -€27,246 | 21.5% | - |
| GHEYSEN-DE GUSSEM Harelbeke | €384,101 | -€6,849 | 99.3% | - |
| C.D. Direct Villers-la-Ville | €414,668 | -€42,058 | -19.8% | - |
| PROVOOST TUIN- EN DIERMARKT Ichtegem | €436,575 | -€16,546 | 2.6% | - |
| DRIESCO Waregem | €533,759 | -€7,041 | 90.6% | - |
These companies have the same main activity as FLEX: other business support services (NACE 82990). They are comparable in size and age: total assets between €384,000 and €534,000, founded between 1989 and 1996.
Official details
Source: KBO- Status
- Active since 01-07-1991Normal situation
- Registered office
- 25 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.053.685.0879200 Dendermonde, since 31-07-1991
- Financial year end
- 30 September
- Peppol
- Reachable since 18-12-2025
Insights on FLEX
FLEX files the micro format. That format states no turnover. The gross margin fell from €18,974 in 2007 to -€8,429 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLEX
- What is the company number of FLEX?
- The company number of FLEX is 0444.484.286. The VAT number is the same number with BE in front: BE 0444.484.286.
- Where is FLEX based?
- The registered office is at Fabriekstraat 37, 9200 Dendermonde.Company details
- What does FLEX do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of FLEX?
- FLEX is a private limited company (pre-2019) (BVBA).
- When was FLEX founded?
- FLEX was founded on 01-07-1991.
- Is FLEX still active?
- Yes, FLEX is an active enterprise in the KBO register.
- What is the turnover of FLEX?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FLEX profitable?
- In financial year 2025, FLEX made a loss of €13,915.
- Where can I find the annual accounts of FLEX?
- FLEX filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLEX due?
- FLEX must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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