Equity
Equity fell by 62% in 3 years.
Trustee: Matthias Gesquiere. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Equity fell by 62% in 3 years.
Fewer staff in 2023 from 3 FTE to 0 FTE.
The 2022 accounts came latest: 174 days after the end of the period.
No annual accounts were filed for 2024.
TILCOMAX came to this address 1 day after the ruling.
Equity fell from €75,230 in 2020 to €28,583 in 2023, while debts rose from €469,119 to €515,462.
On 9 February 2024 the court opened a judicial reorganisation. 488 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €730,000. Estimated: probably between €590,000 and €1.1m.
Amounts without an identifiable currency are taken as euros.
Higher than 7% of 7,252 companies in 2023.
Higher than 18% of 7,215 companies in 2023.
Higher than 38% of 7,235 companies in 2023.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2023, nobody joined and 1 person left.
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
544,045 | 499,415 | 439,935 | 544,349 | 366,326 | 88,719 | |
20 |
- | - | - | 0 | 0 | 0 | |
21/28 |
9,162 | 16,929 | 25,176 | 32,236 | 37,408 | 9,671 | |
21 |
- | - | - | 0 | 0 | 0 | |
22/27 |
1,875 | 9,642 | 18,406 | 26,951 | 31,527 | 6,671 | |
22 |
- | - | - | 0 | 0 | 0 | |
23 |
516 | 2,788 | 6,965 | 9,196 | 12,366 | 5,231 | |
24 |
1,360 | 6,854 | 11,441 | 17,755 | 19,161 | 1,440 | |
26 |
- | - | - | 0 | 0 | 0 | |
27 |
- | - | - | 0 | 0 | 0 | |
28 |
7,286 | 7,286 | 6,770 | 5,285 | 5,881 | 3,000 | |
29/58 |
534,883 | 482,486 | 414,760 | 512,113 | 328,918 | 79,048 | |
290 |
- | - | - | 0 | 0 | 0 | |
291 |
- | - | - | 0 | 0 | 0 | |
3 |
185,968 | 160,968 | 185,930 | 228,453 | 196,745 | 25,104 | |
30/36 |
101,968 | 121,968 | 65,930 | 55,225 | 0 | 0 | |
37 |
84,000 | 39,000 | 120,000 | 173,228 | 196,745 | 25,104 | |
40/41 |
309,518 | 228,178 | 207,412 | 260,324 | 94,619 | 17,864 | |
40 |
220,452 | 211,892 | 172,796 | 193,688 | 66,571 | 8,012 | |
41 |
89,066 | 16,286 | 34,615 | 66,636 | 28,047 | 9,852 | |
50/53 |
2 | 6,005 | - | 0 | 0 | 0 | |
54/58 |
2,241 | 9,233 | 21,418 | 23,336 | 35,157 | 36,080 | |
490/1 |
37,155 | 78,103 | - | 0 | 2,397 | 0 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
544,045 | 499,415 | 439,935 | 544,349 | 366,326 | 88,719 | |
10/15 |
28,583 | 9,969 | 60,869 | 75,230 | 74,286 | 65,307 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | 50,000 | 50,000 | |
101 |
- | - | - | - | 0 | 0 | |
11 |
- | - | - | - | 0 | 0 | |
1100/10 |
- | - | - | - | 0 | 0 | |
12 |
- | - | - | 0 | 0 | 0 | |
13 |
24,286 | 24,286 | 24,286 | 24,286 | 24,286 | 15,307 | |
130/1 |
2,261 | 2,261 | 2,261 | 2,261 | - | - | |
130 |
- | - | - | - | 2,261 | 1,721 | |
1311 |
2,261 | 2,261 | 2,261 | 2,261 | - | - | |
1312 |
- | - | - | - | 0 | 0 | |
1313 |
- | - | - | 0 | - | - | |
1319 |
- | - | - | 0 | 0 | 0 | |
132 |
- | - | - | 0 | 0 | 0 | |
133 |
22,025 | 22,025 | 22,025 | 22,025 | 22,025 | 13,587 | |
14 |
-45,703 | -64,317 | -13,417 | 944 | 0 | 0 | |
15 |
- | - | - | 0 | 0 | 0 | |
160/5 |
- | - | - | 0 | 0 | 0 | |
160 |
- | - | - | 0 | 0 | 0 | |
161 |
- | - | - | 0 | 0 | 0 | |
162 |
- | - | - | 0 | 0 | 0 | |
163 |
- | - | - | 0 | 0 | 0 | |
164/5 |
- | - | - | 0 | 0 | 0 | |
168 |
- | - | - | 0 | 0 | 0 | |
17/49 |
515,462 | 489,447 | 379,066 | 469,119 | 292,040 | 23,411 | |
17 |
- | 0 | 19,024 | 29,058 | 38,857 | - | |
170/4 |
- | 0 | 19,024 | 29,058 | 38,857 | - | |
175 |
- | - | - | 0 | 0 | 0 | |
176 |
- | - | - | 0 | 0 | 0 | |
178/9 |
- | - | - | 0 | 0 | 0 | |
42/48 |
515,462 | 489,447 | 360,042 | 440,061 | 253,183 | 23,411 | |
42 |
13,722 | 35,865 | 10,859 | 9,799 | 9,570 | 0 | |
43 |
177,800 | 180,168 | 187,433 | 184,766 | 160,000 | - | |
430/8 |
177,800 | 180,168 | 187,433 | 184,766 | 160,000 | 0 | |
439 |
- | - | - | 0 | 0 | 0 | |
44 |
204,753 | 179,460 | 82,387 | 173,255 | 9,051 | 577 | |
440/4 |
204,753 | 179,460 | 82,387 | 173,255 | 9,051 | 577 | |
441 |
- | - | - | 0 | 0 | 0 | |
46 |
0 | 10,800 | - | 0 | 0 | 0 | |
45 |
67,333 | 45,827 | 43,510 | 63,849 | 43,280 | 12,834 | |
450/3 |
3,089 | 8,349 | 13,457 | 30,473 | 19,346 | 12,826 | |
454/9 |
64,244 | 37,478 | 30,053 | 33,376 | 23,934 | 8 | |
47/48 |
51,854 | 37,327 | 35,853 | 8,392 | 31,282 | 10,000 | |
492/3 |
- | - | - | 0 | 0 | 0 | |
| Income statement | |||||||
76A |
0 | 12,095 | - | 0 | 0 | 0 | |
9900 |
227,810 | 152,680 | 214,717 | 232,688 | 110,748 | 44,799 | |
62 |
172,376 | 166,222 | 205,811 | 201,301 | 75,830 | 0 | |
630 |
7,767 | 9,432 | 9,602 | 9,131 | 8,391 | 1,613 | |
631/4 |
- | - | - | 0 | 0 | 0 | |
635/8 |
- | - | - | 0 | 0 | 0 | |
640/8 |
6,621 | 16,037 | 3,090 | 10,749 | 8,732 | 7,838 | |
649 |
- | - | - | 0 | 0 | 0 | |
66A |
- | - | - | 0 | 0 | 0 | |
9901 |
41,046 | -39,011 | -3,786 | 11,506 | 17,795 | 35,348 | |
75/76B |
643 | 5,388 | 562 | 934 | 651 | 8 | |
75 |
643 | 5,388 | 562 | 934 | 651 | 8 | |
76B |
- | - | - | 0 | 0 | 0 | |
65/66B |
23,545 | 11,278 | 9,919 | 7,535 | 3,801 | 941 | |
65 |
23,545 | 11,278 | 9,919 | 7,535 | 3,801 | 941 | |
66B |
- | - | - | 0 | 0 | 0 | |
9903 |
18,144 | -44,900 | -13,144 | 4,905 | 14,646 | 34,414 | |
67/77 |
-470 | 6,000 | 1,217 | 3,961 | 4,856 | 9,106 | |
9904 |
18,614 | -50,900 | -14,361 | 944 | 9,790 | 25,307 | |
789 |
- | - | - | 0 | 0 | 0 | |
689 |
- | - | - | 0 | 0 | 0 | |
9905 |
18,614 | -50,900 | -14,361 | 944 | 9,790 | 25,307 | |
| Appropriation of the result | |||||||
9906 |
-45,703 | -64,317 | -13,417 | 944 | 9,790 | 25,307 | |
14P |
-64,317 | -13,417 | 944 | - | - | - | |
791/2 |
- | 0 | - | 0 | 0 | 0 | |
691/2 |
- | - | - | - | 8,978 | 15,307 | |
691 |
- | - | - | 0 | 0 | 0 | |
6920 |
- | - | - | 0 | 540 | 1,721 | |
6921 |
- | - | - | 0 | 8,438 | 13,587 | |
694/7 |
- | - | - | - | 812 | 10,000 | |
694 |
- | - | - | 0 | 812 | 10,000 | |
695 |
- | - | - | 0 | 0 | 0 | |
696 |
- | - | - | 0 | 0 | 0 | |
| Social balance sheet | |||||||
9087 |
0 | 3 | 1.9 | 1.9 | 1.9 | - | |
Hours worked1013 |
2,550 | 2,551 | 3,029 | 3,029 | 3,029 | - | |
| Document | |||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 28-08-2024.
2023 annual accounts filed 28 days after the deadline. Filed on 28 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00390322.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00390322 | |
| 31-12-2022 | micro format | 21-01-2024 | 2024-00003921 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20161374 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-51800018 | |
| 31-12-2019 | micro format | 15-07-2020 | 2020-29800121 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-34400585 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,087 | €1,087 |
| 2024 | 2 | €8,442 | €8,442 |
| 2023 | 2 | €11,276 | €11,276 |
| 2022 | 2 | €6,485 | €6,485 |
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| 48,813 | -29,578 | 5,816 | 20,637 | 26,186 | 36,961 | ||
| 26,381 | -41,468 | -4,758 | 10,075 | 18,181 | 26,921 | ||
| 0 | 1,185 | 2,543 | 4,555 | 36,128 | 11,284 | ||
| -6,992 | -12,185 | -1,918 | -11,820 | -923 | - | ||
| 19,421 | -6,960 | 54,717 | 72,052 | 75,735 | 55,637 | ||
| 5.3% | 2.0% | 13.8% | 13.8% | 20.3% | 73.6% | ||
| 1.04 | 0.99 | 1.15 | 1.16 | 1.30 | 3.38 | ||
| 0.68 | 0.66 | 0.64 | 0.64 | 0.52 | 2.30 | ||
| 18.03 | 49.10 | 6.23 | 6.24 | 3.93 | 0.36 | ||
| 65.1% | -510.6% | -23.6% | 1.3% | 13.2% | 38.8% | ||
| 3.4% | -10.2% | -3.3% | 0.2% | 2.7% | 28.5% | ||
| 2.07 | -2.62 | 0.59 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 5 | 5 |
| full-time | 3 | 4 | 4 |
| part-time | 0 | 1 | 1 |
| in full-time equivalents | 0.3 | 4.8 | 4.8 |
| 0 | 3 | 1.9 | |
| On a permanent contract | 3 | 5 | 5 |
| Joined | 0 | 8 | 8 |
| Left | 1 | 3 | 3 |
Source: social balance sheet in the 2021 to 2023 annual accounts
| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Carrying value of the other pledged assets | - | - | €243,764 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | - | €669 | €1,058 |
| Financial fixed assets | - | €516 | €1,485 |
| €7,767 | €9,432 | €9,602 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
The operating result for 2023 is a profit of €41,046, after a loss of €39,011 in 2022. It is the highest result since 2018.
Debt's share of the balance-sheet total falls from 98.0% to 94.7%. Equity and debt are higher.
Flex-C has no parent and no holdings in its annual accounts.
| Regnology FRR Belgium
registered office since 28-11-1997 · founded in 1997 · accounts filed late |
138 FTE (2024) 0461.739.893 |
| Cooper Consumer Health BE
registered office since 17-09-2003 · founded in 2003 · accounts filed late |
36 FTE (2024) 0860.530.550 |
| TMS INDUSTRIAL SERVICES
establishment since 31-12-2006 · founded in 2004 · group KESTENS INVEST |
261 FTE (2025) 0865.585.339 |
| REGUS BELGIUM
establishment since 01-10-2009 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late |
turnover €14.6m (2024) 0437.822.267 |
| MOBILEUM
registered office since 21-08-2003 · founded in 2003 · negative equity (2025) |
total assets €18.0m (2025) 0860.166.702 |
| FLUKE BELGIUM
registered office since 05-08-2013 · founded in 1993 |
6.1 FTE (2025) 0449.553.230 |
| Iptor Belgium
registered office since 18-04-1987 · founded in 1984 |
20 FTE (2025) 0426.362.015 |
| HARMONEY
registered office since 28-11-2016 · founded in 2016 |
12 FTE (2025) 0666.716.731 |
| ELDEMAR
registered office since 01-09-1963 · founded in 1964 |
total assets €7.4m (2025) 0400.085.606 |
| NVIDIA Technologies Belgium
registered office since 10-02-2023 · founded in 2023 |
23 FTE (2026) 0798.298.617 |
The connected companies are in the list below.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Flex-C was incorporated on 30 January 2018 by one natural person, with a starting capital of €50,000.12 The registered office was moved to Gentbrugge in 2023.3 The board currently has 2 members, 2 of whom have served since 2023.4 Total assets rose from €88,719 in 2018 to €544,045 in 2023 and headcount from 1.9 full-time equivalents in 2019 to 3 in 2022.5 On 11 June 2025 the company was declared bankrupt.6
| Establishment | Since | Unit number |
|---|---|---|
| Flex-C | 30-01-2018 | 2.272.356.147 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44032A0472/00R003 | 1.9 ha | 1 · 1,241 m² | 18.8 m · 5 |
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