Equity
-€18,332
Debts exceed assets in financial year 2025.
FLEX-IMMO
Overview
Lifetime
1 annual account with figurespeak -€3,486 (2025)
-€3,486
lowest -€21,332 (2025)
-€21,332
peak -€18,332 (2025)
-€18,332
€311,496
Board1 name since 2024
1 directorFALCOMER Rudi Ghislain Giovanni
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Loss of €21,332First year with figures
Key points
from the 2025 annual accountsDebts
€311,496 106% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Position in the sector
-6.3%
Lower solvency than 87% of companies in real estate. Sector median 30.7% · 11,297 companies.
2025 accounts filed 26 days after the deadlineTurnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 12% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.6%lowest value
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.1 percentage points vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.9%▲ +0.1 percentage points vs 09-2025
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 0.9%▼ -0.1 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026highest value
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 0.7%▼ -0.4 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€18,332
Founded in 2024
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €293,164
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 68, micro). It does better than 15% of them on solvency, 8% on liquidity and 13% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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, 1,555 companies had the same profile as FLEX-IMMO has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLEX-IMMO itself is lower: 0.7% within 12 months. It rests on far more data about FLEX-IMMO than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,555 companies, not a prediction for FLEX-IMMO. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04, below 1. Short-term debt is 106.3% and cash 3.8% of total assets. Equity is negative.
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 · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 1 filingDeviation from the deadline
2025
26 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- FALCOMER Rudi Ghislain Giovanni founderdeed of 18-03-2024
- VANESSE Catherine Christine Marie-Henriette Ghislaine founderdeed of 18-03-2024
- FALCOMER Laura founderdeed of 18-03-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007127145
First establishment
A L'ORANGE SANGUINE, Rue Grand-Trieux 11, Estinnes
Incorporation
Founding capital of €3,000, 100 shares · Founders: FALCOMER Rudi Ghislain Giovanni, VANESSE Catherine Christine Marie-Henriette Ghislaine, FALCOMER Laura and 1 other · Appointment: FALCOMER Rudi Ghislain Giovanni (director) · published on 18-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLEX-IMMO Estinnes | €293,164 | -€3,486 | -6.3% | - |
| TULYA INVEST Charleroi | €336,223 | -€9,562 | -22.6% | - |
| SIGGIA IMMOBILIARE Courcelles | €312,885 | -€8,026 | 19.6% | - |
| NASCIMENTO Soignies | €369,056 | -€3,814 | -3.8% | - |
| Forum Solar Ghent | €279,189 | -€45,261 | 4.4% | - |
| LAKE VIEW Couvin | €303,551 | -€6,646 | -7.6% | - |
| YETI SELF STORAGE Molenbeek-Saint-Jean | €256,735 | -€79,835 | -44.3% | - |
These companies have the same main activity as FLEX-IMMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €257,000 and €369,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 14-03-2024Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.357.158.2977120 Estinnes, since 01-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-10-2026
Insights on FLEX-IMMO
FLEX-IMMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,332) and a net result of -€21,332.
Its solvency ranks better than 12% of 11,297 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 26-08-2026, 26 days late-€3,486
-€21,134
-€21,332
-€300,175
-6.3%
0.04
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €293,164 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-6.3%
Higher than 12% of 11,297 companies in 2025.
0.04
Higher than 5% of 10,849 companies in 2025.
-7.3%
Higher than 10% of 11,182 companies in 2025.
FLEX-IMMO
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
293,164 | |
21/28 |
281,843 | |
22/27 |
281,843 | |
22 |
281,843 | |
29/58 |
11,320 | |
40/41 |
231 | |
40 |
231 | |
54/58 |
11,090 | |
| Balance sheet: equity and liabilities | ||
10/49 |
293,164 | |
10/15 |
-18,332 | |
10/11 |
3,000 | |
10 |
3,000 | |
100 |
3,000 | |
14 |
-21,332 | |
17/49 |
311,496 | |
42/48 |
311,496 | |
44 |
506 | |
440/4 |
506 | |
45 |
24 | |
450/3 |
24 | |
47/48 |
310,965 | |
| Income statement | ||
9900 |
-3,486 | |
630 |
15,649 | |
640/8 |
2,000 | |
9901 |
-21,134 | |
75/76B |
5 | |
75 |
5 | |
65/66B |
203 | |
65 |
203 | |
9903 |
-21,332 | |
9904 |
-21,332 | |
9905 |
-21,332 | |
| Appropriation of the result | ||
9906 |
-21,332 | |
| Document | ||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427919.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00427919 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -5,485 | ||
| -5,683 | ||
| 297,492 | ||
| -300,175 | ||
| -6.3% | ||
| 0.04 | ||
| -7.3% | ||
| -27.07 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €297,492 |
| €15,649 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on FLEX-IMMO
Equity is negative. Debt (€311,496) exceeds the balance-sheet total (€293,164).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 18-03-2024
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-03-2024
Mandates through the years
1 name, the dashed line is todayFALCOMER Rudi Ghislain Giovanni
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- FALCOMER Rudi Ghislain Giovanni
- Director (not named in the articles), appointed by deed of 18-03-2024, still in office
Control
Founders
FALCOMER Rudi Ghislain Giovanni, VANESSE Catherine Christine Marie-Henriette Ghislaine, FALCOMER Laura
and 1 other
This company
FLEX-IMMO
Equity -€18,332
Loss €21,332 in 2025
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- -€183 in 2025
- Source
- deed of 18-03-2024
Articles of association
deed of 18-03-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tenus de solliciter agrément selon mêmes formalités s'ils ne deviennent pas de plein droit actionnaires, tous cas de cessions entre vifs…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founders
At incorporation
deed of 18-03-2024 ↗
- FALCOMER Rudi Ghislain Giovanni founder
- VANESSE Catherine Christine Marie-Henriette Ghislaine founder
- FALCOMER Laura founder
- FALCOMER Valérie founder
Network & group
No group
FLEX-IMMO has no parent and no holdings in its annual accounts. FALCOMER Rudi Ghislain Giovanni is the only director. FLEX-IMMO shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007127145
Annual accounts 2025 filed NBBabbreviated format · 26 days late
2024
First establishment A L'ORANGE SANGUINE, Rue Grand-Trieux 11, Estinnes
IncorporationFounding capital of €3,000, 100 shares · Founders: FALCOMER Rudi Ghislain Giovanni, VANESSE Catherine Christine Marie-Henriette Ghislaine, FALCOMER Laura and 1 other · Appointment: FALCOMER Rudi Ghislain Giovanni (director) · published on 18-03-20248 points ▸
- Founder, FALCOMER Rudi Ghislain Giovanni
- Founder, VANESSE Catherine Christine Marie-Henriette Ghislaine
- Founder, FALCOMER Laura
- Founder, FALCOMER Valérie
- Founding capital, €3,000, 100 shares
- Registered office clause, Rue Grand-Trieux 11, 7120 Estinnes
- Board rule, 1
- Director appointment, FALCOMER Rudi Ghislain Giovanni (director (not named in the articles))
- The deed holds 9 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1007.127.145
- VAT number
- BE 1007.127.145
- Peppol ID
- 0208:1007127145
- Other Peppol ID
- 9925:BE1007127145
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 19:00deed of 18-03-2024 (in French)
- Peppol
- Reachable since 12-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- FLEX-IMMO in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-03-2024 (in French)
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203
Real estate rental main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'exploitation de locaux à usage de gîtes et chambres d'hôtes; Toutes opérations se rapportant directement ou indirectement à la création,la…”deed of 18-03-2024 (in French)
4 activities
- L'exploitation de locaux à usage de gîtes et chambres d'hôtes
- Toutes opérations se rapportant directement ou indirectement à la création,la construction,l'acquisition,la vente,la location,l'investissement et l'exploitation de gîtes,chambres d'hôtes,résidences hôtelières et autres formes de logements ainsi que pour des bureaux,hangars de stockage et garages.
- La création,l'aménagement,l'agencement,l'installation,la gestion,la gérance,l'exploitation d'établissement de type HORECA,tels que restaurants,tavernes,brasseries,bars,la présente énumération étant exemplative et non limitative.
- Services de restauration,traiteur et organisation de banquets.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| A L'ORANGE SANGUINE registered office Rue Grand-Trieux 11, 7120 Estinnes | 01-06-2024 | 2.357.158.297 |
Buildings and parcels at the address
- Ground area
- 3,245 m²
- Buildings
- 184 m²
- Volume, LiDAR
- 1,115 m³
- Tallest building
- 7.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 56023B0791/00F000 | 3,245 m² | 1 · 184 m² | 7.5 m · 2 |
Contact
E-mail
fleximmo.gites@gmail.com
Phone
+32 496 47 46 38