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Flex

Bankruptcy
Private limited companyfounded 2021De Rest 58, 2970 Schilde, BelgiumKBO/BCE: BE 0777.584.860
Summary

The KBO register records for Flex the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €10,608 and a net result of €1,093.

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36386 sector peers (2024).
NBB · sector comparison
Position among 36386 sector peers
Solvency
better than 15%
← weakest strongest →
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
42 d early
2023
229 d late
2022
595 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 261 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 22 November 2021, Flex was incorporated as a Private limited company.1 Total assets went from EUR 1,789 in 2022 to EUR 93,183 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€10,608▲ 11.5%
2023 · €9,515
Total assets
€93,183▲ 202%
2023 · €30,905
Net result
€1,093▼ 90.1%
2023 · €11,017
Working capital
€10,608▲ 11.5%
2023 · €9,515
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€2,452-€13,902-€1,713
Net result-€2,502below the sector's middle half-€11,017within the sector's middle half€1,093within the sector's middle half▼ 90.1%
Equity-€1,502below the sector's middle half-€9,515below the sector's middle half€10,608below the sector's middle half▲ 11.5%
Total assets€1,789below the sector's middle half-€30,905below the sector's middle half▲ 1,627%€93,183within the sector's middle half▲ 202%
Debt€3,292-€21,391▲ 550%€82,575▲ 286%
Working capital-€502below the sector's middle half-€9,515within the sector's middle half€10,608within the sector's middle half▲ 11.5%
Solvency30.8%within the sector's middle half11.4%below the sector's middle half▼ 19.4pp
Current ratio1.44within the sector's middle half1.13within the sector's middle half▼ 0.32
Return on assets (ROA)35.6%above the sector's middle half1.2%within the sector's middle half▼ 34.5pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2022: -€2,452-€2,452Net result 2022: -€2,502-€2,502Operating result 2023: €13,902€13,902Net result 2023: €11,017€11,017Operating result 2024: -€1,713-€1,713Net result 2024: €1,093€1,093202220232024-€5,000€0€5,000€10,000€15,000Operating result 2022: -€2,452-€2,450Net result 2022: -€2,502-€2,500Operating result 2023: €13,902€13,900Net result 2023: €11,017€11,000Operating result 2024: -€1,713-€1,710Net result 2024: €1,093€1,090202220232024
The operating result turns negative in 2024: a loss of €1,713 after €13,902 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €93,183
Equity €10,608 ▲ 11.5%
Debt €82,575 ▲ 286%
Debt's share of the balance-sheet total rises from 69.2% to 88.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
7.78▲
2023 · 2.25
ROE
10.3%▼
2023 · 115.8%
Debt ≤ 1 year
€82,575▲
2023 · €21,391
Income taxes
€273▼
2023 · €2,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€30,905€93,183▲
Current assets29/58€30,905€93,183▲
Amounts receivable within one year40/41€30,672€93,182▲
Other amounts receivable41€30,672€93,182▲
Cash at bank and in hand54/58€233€0▼
Equity and liabilities
Total equity and liabilities10/49€30,905€93,183▲
Equity10/15€9,515€10,608▲
Contributions10/11€1,000€1,000=
Reserves13€8,515€9,608▲
Distributable reserves133€8,515€9,608▲
Amounts payable17/49€21,391€82,575▲
Amounts payable within one year42/48€21,391€82,575▲
Trade debts44€18,558€12,915▼
Suppliers440/4€18,558€12,915▼
Taxes, remuneration and social security45€2,833€3,120▲
Taxes450/3€2,833€3,120▲
Other amounts payable47/48-€66,540
Income statement Code20232024
Other operating charges640/8€409-
Gross operating margin9900€14,311-€1,713▼
Operating profit (loss)9901€13,902-€1,713▼
Financial income75/76B€315€3,133▲
Recurring financial income75€315€3,133▲
Financial charges65/66B€367€54▼
Recurring financial charges65€367€54▼
Profit (loss) for the period before taxes9903€13,850€1,366▼
Income taxes67/77€2,833€273▼
Profit (loss) for the period9904€11,017€1,093▼
Profit (loss) for the period to be appropriated9905€11,017€1,093▼
Appropriation of the result
Profit (loss) to be appropriated9906€8,515€1,093▼
Profit (loss) brought forward from the previous period14P-€2,502-
Transfer to equity691/2€8,515€1,093▼
To other reserves6921€8,515€1,093▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Other operating charges640/8-€409--
Gross operating margin9900-€2,452€14,311-€1,713▼ 112%
Operating profit (loss)9901-€2,452€13,902-€1,713▼ 112%
Financial income75/76B-€315€3,133▲ 893%
Recurring financial income75-€315€3,133▲ 893%
Financial charges65/66B€50€367€54▼ 85.3%
Recurring financial charges65€50€367€54▼ 85.3%
Profit (loss) for the period before taxes9903-€2,502€13,850€1,366▼ 90.1%
Income taxes67/77-€2,833€273▼ 90.4%
Profit (loss) for the period9904-€2,502€11,017€1,093▼ 90.1%
Profit (loss) for the period to be appropriated9905-€2,502€11,017€1,093▼ 90.1%
Line202220232024Change
Assets
Total assets20/58€1,789€30,905€93,183▲ 202%
Current assets29/58€1,789€30,905€93,183▲ 202%
Amounts receivable within one year40/41€1,706€30,672€93,182▲ 204%
Trade receivables40€1,210---
Other amounts receivable41€496€30,672€93,182▲ 204%
Cash at bank and in hand54/58€83€233€0▼ 99.9%
Equity and liabilities
Total equity and liabilities10/49€1,789€30,905€93,183▲ 202%
Equity10/15-€1,502€9,515€10,608▲ 11.5%
Contributions10/11€1,000€1,000€1,000=
Reserves13-€8,515€9,608▲ 12.8%
Distributable reserves133-€8,515€9,608▲ 12.8%
Profit (loss) carried forward14-€2,502---
Amounts payable17/49€3,292€21,391€82,575▲ 286%
Amounts payable within one year42/48€2,292€21,391€82,575▲ 286%
Trade debts44-€18,558€12,915▼ 30.4%
Suppliers440/4-€18,558€12,915▼ 30.4%
Advances received on contracts in progress46€844---
Taxes, remuneration and social security45-€2,833€3,120▲ 10.2%
Taxes450/3-€2,833€3,120▲ 10.2%
Other amounts payable47/48€1,448-€66,540-
Accrued charges and deferred income492/3€1,000---
Line202220232024Change
Profit (loss) for the period9904-€2,502€11,017€1,093▼ 90.1%
Operating cash flow (approximation)-€2,502€11,017€1,093▼ 90.1%
Change in cash-€150-€233▼ 256%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
17-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 229 days late
17-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 595 days late
2023
31-12
Financial Back to profitnet €11,017
Net result €11,017 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
948 m²
Building footprint
396 m²
Volume, LiDAR
1,822 m³
Parcel 11039D0348/00K004, Flanders · tallest building 19.2 m, ±1 floor. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Flex
De Rest 58, 2970 SchildeDemolition
since 20222.329.639.003
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11039D0348/00K004 Flanders 948 m² 1 · 396 m² 19.2 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,366 companies in sector 43110 we hold annual accounts for 635. 298 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID 0208:0777584860
Also 9925:BE0777584860

The company is no longer active; its Peppol card can remain until its access point withdraws it.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.