Flex Concept
ActiveSummary
Flex Concept has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,966 and a net result of €59,965. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+2
Solvency84▼-5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.51 against 2.73 in 2024; short-term debt: 39.7% and cash: 77.8% of total assets), and 41.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.5%
Return on assets
18.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
13 d late
2022
2 d late
2021
19 d early
2020
10 d late
2019
14 d early
← 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 1 day before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€191,966▲ 6.2%
2024 · €180,834
Total assets
€328,059▲ 16.2%
2024 · €282,295
Net result
€59,965▲ 27.9%
2024 · €46,883
Working capital
€196,829▲ 12.2%
2024 · €175,465
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€77,771▲ 28.3%€63,674▼ 18.1%€71,213▲ 11.8%€73,936▲ 3.8%€84,769▲ 14.7%
Net result€50,155▲ 20.7%€38,493▼ 23.3%€52,253▲ 35.7%€46,883▼ 10.3%€59,965▲ 27.9%
Equity€247,432▼ 11.2%€257,382▲ 4.0%€226,179▼ 12.1%€180,834▼ 20.0%€191,966▲ 6.2%
Total assets€426,015▲ 12.8%€489,458▲ 14.9%€329,660▼ 32.6%€282,295▼ 14.4%€328,059▲ 16.2%
Debt€178,583▲ 80.3%€232,075▲ 30.0%€103,481▼ 55.4%€101,461▼ 2.0%€136,093▲ 34.1%
Working capital€227,510▼ 9.7%€243,942▲ 7.2%€215,788▼ 11.5%€175,465▼ 18.7%€196,829▲ 12.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328,059
Fixed assets
€1,134 ▼ 78.9%
Current assets
€326,926 ▲ 18.1%
Equity and liabilities €328,059
Equity
€191,966 ▲ 6.2%
Debt
€136,093 ▲ 34.1%
Debt's share of the balance-sheet total rises from 35.9% to 41.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,004▲
2024 · €78,958
Cash flow
€64,200▲
2024 · €51,904
Current ratio
2.51▼
2024 · 2.73
Quick ratio
2.30▼
2024 · 2.46
Debt to equity
0.71▲
2024 · 0.56
ROE
31.2%▲
2024 · 25.9%
ROA
18.3%▲
2024 · 16.6%
Interest coverage
14.49▼
2024 · 21.65
Debt ≤ 1 year
€130,096▲
2024 · €101,461
Income taxes
€22,220▼
2024 · €24,294
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,794 | €6,482 | €4,959 | €5,022 | €4,235 | ▼ 15.7% |
| Other operating charges640/8 | €885 | €1,146 | €962 | €1,097 | €1,393 | ▲ 27.0% |
| Gross operating margin9900 | €85,450 | €71,302 | €77,134 | €80,055 | €90,397 | ▲ 12.9% |
| Operating profit (loss)9901 | €77,771 | €63,674 | €71,213 | €73,936 | €84,769 | ▲ 14.7% |
| Financial income75/76B | €133 | €173 | €806 | €888 | €3,558 | ▲ 301% |
| Recurring financial income75 | €133 | €173 | €806 | €888 | €3,558 | ▲ 301% |
| Financial charges65/66B | €3,704 | €6,764 | €528 | €3,648 | €6,142 | ▲ 68.4% |
| Recurring financial charges65 | €3,704 | €6,764 | €528 | €3,648 | €6,142 | ▲ 68.4% |
| Profit (loss) for the period before taxes9903 | €74,200 | €57,082 | €71,490 | €71,177 | €82,185 | ▲ 15.5% |
| Income taxes67/77 | €24,045 | €18,589 | €19,237 | €24,294 | €22,220 | ▼ 8.5% |
| Profit (loss) for the period9904 | €50,155 | €38,493 | €52,253 | €46,883 | €59,965 | ▲ 27.9% |
| Transfer from tax-exempt reserves789 | - | - | €66,600 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €50,155 | €38,493 | €118,853 | €46,883 | €59,965 | ▲ 27.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,015 | €489,458 | €329,660 | €282,295 | €328,059 | ▲ 16.2% |
| Fixed assets21/28 | €19,922 | €13,440 | €10,391 | €5,369 | €1,134 | ▼ 78.9% |
| Tangible fixed assets22/27 | €19,922 | €13,440 | €10,391 | €5,369 | €1,134 | ▼ 78.9% |
| Land and buildings22 | €3,589 | €1,387 | €720 | €360 | - | - |
| Furniture and vehicles24 | €16,333 | €12,053 | €9,671 | €5,009 | €1,134 | ▼ 77.4% |
| Current assets29/58 | €406,092 | €476,018 | €319,270 | €276,926 | €326,926 | ▲ 18.1% |
| Stocks and contracts in progress3 | €46,895 | €41,096 | €40,594 | €27,220 | €27,116 | ▼ 0.4% |
| Stocks30/36 | €46,895 | €41,096 | €40,594 | €27,220 | €27,116 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €10,387 | €10,409 | €7,998 | €10,064 | €16,093 | ▲ 59.9% |
| Other amounts receivable41 | €10,387 | €10,409 | €7,998 | €10,064 | €16,093 | ▲ 59.9% |
| Current investments50/53 | €25,113 | €25,113 | €25,113 | €25,113 | €25,113 | = |
| Cash at bank and in hand54/58 | €316,330 | €390,833 | €236,996 | €211,690 | €255,077 | ▲ 20.5% |
| Deferred charges and accrued income490/1 | €7,367 | €8,566 | €8,569 | €2,838 | €3,526 | ▲ 24.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,015 | €489,458 | €329,660 | €282,295 | €328,059 | ▲ 16.2% |
| Equity10/15 | €247,432 | €257,382 | €226,179 | €180,834 | €191,966 | ▲ 6.2% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €241,146 | €251,096 | €207,493 | €162,148 | €173,366 | ▲ 6.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €66,600 | €66,600 | - | - | - | - |
| Distributable reserves133 | €172,686 | €182,636 | €207,493 | €162,148 | €173,366 | ▲ 6.9% |
| Profit (loss) carried forward14 | €86 | €86 | €86 | €86 | - | - |
| Amounts payable17/49 | €178,583 | €232,075 | €103,481 | €101,461 | €136,093 | ▲ 34.1% |
| Amounts payable within one year42/48 | €178,583 | €232,075 | €103,481 | €101,461 | €130,096 | ▲ 28.2% |
| Trade debts44 | €5,012 | €24,338 | €4,168 | €1,154 | €1,471 | ▲ 27.5% |
| Suppliers440/4 | €5,012 | €24,338 | €4,168 | €1,154 | €1,471 | ▲ 27.5% |
| Advances received on contracts in progress46 | €2,136 | €1,599 | €2,060 | €1,030 | - | - |
| Taxes, remuneration and social security45 | €6,490 | €8,730 | €14,683 | €9,643 | €7,354 | ▼ 23.7% |
| Taxes450/3 | €5,185 | €8,730 | €14,683 | €9,643 | €7,354 | ▼ 23.7% |
| Remuneration and social security454/9 | €1,305 | - | - | - | - | - |
| Other amounts payable47/48 | €164,945 | €197,409 | €82,571 | €89,634 | €121,272 | ▲ 35.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,997 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,155 | €38,493 | €52,253 | €46,883 | €59,965 | ▲ 27.9% |
| + Depreciation and write-downs630 | €6,794 | €6,482 | €4,959 | €5,022 | €4,235 | ▼ 15.7% |
| Operating cash flow (approximation) | €56,949 | €44,975 | €57,211 | €51,904 | €64,200 | ▲ 23.7% |
| Investment in fixed assets (approximation) | - | €0 | -€1,909 | €0 | €0 | - |
| Change in cash | - | €74,503 | -€153,837 | -€25,306 | €43,387 | ▲ 271% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €59,965 ▲27.9%
Operating result €84,769, net result €59,965, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €238,595 ▲29.3%
2 profitable years in a row build equity to €238,595.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 acts for this company are 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, Beringen · 1 establishment unit since 2013
Ground area
942 m²
Building footprint
148 m²
Volume, LiDAR
767 m³
Parcel 71382C0906/00V000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLEX CONCEPT
since 20132.226.199.884
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71382C0906/00V000 | Flanders | 942 m² | 1 · 148 m² | 8.1 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676005FILF5Y8WBEC82
Similar companies · same sector, comparable size
KUBUS SCHRIJNWERKERIJ
BE 0806.322.396
Rumst · Eq €191,801
STB
BE 0473.201.731
Pelt · Eq €191,750
Gressens Algemene Werken
BE 0774.579.345
Sint-Truiden · Eq €192,331
UPGRADE WORKS
BE 0785.389.105
Ukkel · Eq €191,598
Louis Herijgers en Zoon
BE 0416.008.848
Nieuwpoort · Eq €191,569
Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,447 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
Founded23-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
47512Retail sale of household textiles and bedding
47715Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543561472
Also
9925:BE0543561472
Registered
31-08-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.