FLEX GROUP
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 10-04-2026 PDF all 18 filings
Turnover
€12,000=
2024 · €12,000
EBIT margin
5.0%▲ 679.3pp
2024 · -674.3%
Net result
€3.1m
2024 · -€89,706
Working capital
-€764,556▲ 34.6%
2024 · -€1.2m
In the rankings
#4 company by equity in Tessenderlo-Ham, Real estate sector#7 company by total assets in Tessenderlo-Ham, Real estate sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€12,000
=
2025
20192025
Operating result
€600
2025
20192025
Net result
€3.1m
2025
highest quarter of the sector
20192025
EBIT margin
5.0%
▲ 679.3pp
2025
20192025
Equity
€3.5m
▲ 13.9%
2025
middle half of the sector
20192025
Total assets
€4.3m
▲ 0.3%
2025
middle half of the sector
20192025
Debt
€796,247
▼ 33.9%
2025
20192025
Working capital
-€764,556
▲ 34.6%
2025
lowest quarter of the sector
20192025
Solvency
81.3%
▲ 9.7pp
2025
highest quarter of the sector
20192025
Current ratio
0.03
▲ 0.01
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
71.8%
▲ 73.9pp
2025
highest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.01m€0.01m=
Operating result€0.008m-€0.008m▼ 1.6%€0.008m▼ 9.3%€0.008m▲ 4.5%€0.005m▼ 33.6%-€0.08m€0.001m
Net result-€0.005m--€0.006mwithin the sector's middle half▼ 27.3%-€0.007mwithin the sector's middle half▼ 5.2%€0.2mabove the sector's middle half€0.6mabove the sector's middle half▲ 158%-€0.09mbelow the sector's middle half€3.1mabove the sector's middle half
EBIT margin-674.3%5.0%▲ 679.3pp
Equity€2.7m-€2.7mabove the sector's middle half▼ 0.2%€2.7mabove the sector's middle half▼ 0.3%€2.7mabove the sector's middle half▲ 2.1%€3.1mabove the sector's middle half▲ 15.3%€3.0mabove the sector's middle half▼ 2.9%€3.5mwithin the sector's middle half▲ 13.9%
Total assets€4.2m-€4.2mwithin the sector's middle half▲ 0.2%€4.2mwithin the sector's middle half▲ 0.2%€4.2mwithin the sector's middle half▼ 0.1%€4.2mwithin the sector's middle half=€4.2mwithin the sector's middle half▲ 0.4%€4.3mwithin the sector's middle half▲ 0.3%
Debt€1.5m-€1.6m▲ 0.9%€1.6m▲ 1.0%€1.5m▼ 3.8%€1.1m▼ 27.5%€1.2m▲ 9.8%€0.8m▼ 33.9%
Working capital-€1.5m--€1.5mbelow the sector's middle half▼ 0.4%-€1.5mbelow the sector's middle half▼ 0.4%-€1.5mbelow the sector's middle half▲ 3.4%-€1.1mbelow the sector's middle half▲ 27.8%-€1.2mbelow the sector's middle half▼ 8.6%-€0.8mbelow the sector's middle half▲ 34.6%
Solvency63.4%-63.1%above the sector's middle half▼ 0.3pp62.9%above the sector's middle half▼ 0.3pp64.2%above the sector's middle half▲ 1.4pp74.1%above the sector's middle half▲ 9.8pp71.6%above the sector's middle half▼ 2.4pp81.3%above the sector's middle half▲ 9.7pp
Current ratio0.00-0.01below the sector's middle half=0.01below the sector's middle half▲ 0.010.01below the sector's middle half=0.01below the sector's middle half=0.02below the sector's middle half▲ 0.010.03below the sector's middle half▲ 0.01
Return on assets (ROA)-0.1%--0.2%within the sector's middle half=-0.2%within the sector's middle half=5.4%within the sector's middle half▲ 5.5pp13.9%above the sector's middle half▲ 8.5pp-2.1%below the sector's middle half▼ 16.0pp71.8%above the sector's middle half▲ 73.9pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €600, after a loss of €80,912 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€4.2m ▲ 0.4%
Current assets
€23,587 ▼ 15.3%
Equity and liabilities €4.3m
Equity
€3.5m ▲ 13.9%
Debt
€796,247 ▼ 33.9%
Debt's share of the balance-sheet total falls from 28.4% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.23▼
2024 · 0.40
ROE
88.3%▲
2024 · -2.9%
Debt ≤ 1 year
€788,144▼
2024 · €1.2m
Customer credit
74 days▲
2024 · 32 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Financial fixed assets | - | - | - | €18,950 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is BOES & VERRUE BEDRIJFSREVISOREN.
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Fee for the audit | - | - | €1,750 | €1,813 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2024 · 1 entry · €7,500 awarded · €7,500 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €0.02m | €0.01m | ▼ 38.5% |
| Turnover70 | - | - | - | - | - | €0.01m | €0.01m | = |
| Other operating income74 | - | - | - | - | - | €0.008m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | - | - | €0.1m | €0.01m | ▼ 88.6% |
| Services and other goods61 | - | - | - | - | - | €0.1m | €0.01m | ▼ 89.6% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 2.7% |
| Gross operating margin9900 | €0.009m | €0.008m | €0.008m | €0.009m | €0.006m | - | - | - |
| Operating profit (loss)9901 | €0.008m | €0.008m | €0.008m | €0.008m | €0.005m | -€0.08m | €0.001m | - |
| Financial income75/76B | - | - | - | €0.2m | €0.6m | €0 | €3.1m | - |
| Recurring financial income75 | - | €0 | - | €0.2m | €0.6m | €0 | €3.1m | - |
| Income from financial fixed assets750 | - | - | - | - | - | €0 | €3.1m | - |
| Other financial income752/9 | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.009m | €0.009m | ▼ 3.2% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.009m | €0.009m | ▼ 3.2% |
| Debt charges650 | - | - | - | - | - | €0.008m | €0.008m | ▼ 4.2% |
| Other financial charges652/9 | - | - | - | - | - | €335 | €407 | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | -€0.005m | -€0.006m | -€0.007m | €0.2m | €0.6m | -€0.09m | €3.1m | - |
| Profit (loss) for the period9904 | -€0.005m | -€0.006m | -€0.007m | €0.2m | €0.6m | -€0.09m | €3.1m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.005m | -€0.006m | -€0.007m | €0.2m | €0.6m | -€0.09m | €3.1m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.3m | ▲ 0.3% |
| Fixed assets21/28 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | ▲ 0.4% |
| Financial fixed assets28 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | ▲ 0.4% |
| Affiliated companies280/1 | - | - | - | - | - | €4.2m | €4.2m | ▲ 0.4% |
| Participating interests280 | - | - | - | - | - | €4.2m | €4.2m | ▲ 0.4% |
| Current assets29/58 | €0.001m | €0.008m | €0.02m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 15.3% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.001m | €0.008m | €0.02m | €0.001m | €0.003m | €0.02m | €0.02m | ▼ 11.7% |
| Trade receivables40 | - | - | - | €0.001m | €0.003m | €0.001m | €0.002m | ▲ 130% |
| Other amounts receivable41 | - | - | - | €125 | €0 | €0.02m | €0.02m | ▼ 18.4% |
| Cash at bank and in hand54/58 | €99 | €122 | €0.001m | €0.01m | €0.007m | €0.004m | €0.003m | ▼ 34.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | €4.3m | ▲ 0.3% |
| Equity10/15 | €2.7m | €2.7m | €2.7m | €2.7m | €3.1m | €3.0m | €3.5m | ▲ 13.9% |
| Contributions10/11 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | €0.06m | ▼ 97.7% |
| Capital10 | - | - | - | €2.7m | €2.7m | €2.7m | €0.06m | ▼ 97.7% |
| Issued capital100 | - | - | - | €2.7m | €2.7m | €2.7m | €0.06m | ▼ 97.7% |
| Reserves13 | €0.008m | €0.008m | €0.008m | €0.02m | €0.02m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.04m | -€0.04m | €0 | €0.4m | €0.3m | €3.4m | ▲ 11× |
| Amounts payable17/49 | €1.5m | €1.6m | €1.6m | €1.5m | €1.1m | €1.2m | €0.8m | ▼ 33.9% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.6m | €1.5m | €1.1m | €1.2m | €0.8m | ▼ 34.1% |
| Trade debts44 | €296 | €0.001m | €0.002m | €0.001m | €0.002m | €0.06m | €0.001m | ▼ 98.1% |
| Suppliers440/4 | - | - | - | €0.001m | €0.002m | €0.06m | €0.001m | ▼ 98.1% |
| Taxes, remuneration and social security45 | - | - | - | €407 | €387 | €0 | - | - |
| Taxes450/3 | - | - | - | €407 | €387 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €1.5m | €1.1m | €1.1m | €0.8m | ▼ 30.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.008m | €0.008m | ▼ 4.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.005m | -€0.006m | -€0.007m | €0.2m | €0.6m | -€0.09m | €3.1m | - |
| Operating cash flow (approximation) | -€0.005m | -€0.006m | -€0.007m | €0.2m | €0.6m | -€0.09m | €3.1m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€0.02m | - |
| Change in cash | - | €23 | €0.001m | €0.009m | -€0.003m | -€0.002m | -€0.002m | ▲ 34.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 10-04-2026 | 2026-00076683 | |
| 30-09-2024 | full format | 25-04-2025 | 2025-00075560 | |
| 30-09-2023 | abbreviated format | 29-03-2024 | 2024-00052459 | |
| 30-09-2022 | abbreviated format | 31-03-2023 | 2023-00050017 | |
| 30-09-2021 | abbreviated format | 28-03-2022 | 2022-08900362 | |
| 30-09-2020 | abbreviated format | 29-03-2021 | 2021-08900386 | |
| 30-09-2019 | abbreviated format | 30-03-2020 | 2020-08000369 | |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08700114 | |
| 30-09-2017 | micro format | 09-04-2018 | 2018-09500052 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08400252 |