Flex IT
ActiveFlex IT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.87M and a net result of €133k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 9017 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
78
/ 100
Excellent▼ -15 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▼-27
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 9.75 in 2023), and 25.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.3%
Return on assets
5.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
71 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.87M▲ 7.6%
2023 · €1.74M
2018: €1.06M
2019: €1.13M
2020: €1.25M
2021: €1.36M
2022: €1.52M
2023: €1.74M
2018 → 2024
Total assets
€2.52M▲ 30.2%
2023 · €1.94M
2018: €1.84M
2019: €1.28M
2020: €1.46M
2021: €1.45M
2022: €1.61M
2023: €1.94M
2018 → 2024
Net result
€133k▼ 39.1%
2023 · €219k
2018: €36k
2019: €65k
2020: €131k
2021: €115k
2022: €156k
2023: €219k
2018 → 2024
Working capital
€1.86M▲ 7.9%
2023 · €1.72M
2018: €1.03M
2019: €1.10M
2020: €1.23M
2021: €1.34M
2022: €1.50M
2023: €1.72M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.25M-€1.36M▲ 9.2%€1.52M▲ 11.5%€1.74M▲ 14.4%€1.87M▲ 7.6%
Operating result€183k-€162k▼ 11.3%€183k▲ 13.1%€250k▲ 36.1%€188k▼ 24.7%
Net result€131k-€115k▼ 11.7%€156k▲ 35.6%€219k▲ 39.7%€133k▼ 39.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.52M
Fixed assets
€18k=
Current assets
€2.50M▲ 30.4%
Equity and liabilities €2.52M
Equity
€1.87M▲ 7.6%
Debt
€647k▲ 229%
The debt ratio rises from 10.2% to 25.7%: debt grows faster than equity.
Key figures and ratios
Solvency
74.3%▼
2023 · 89.8%
Current ratio
3.88▼
2023 · 9.75
Quick ratio
3.88▼
2023 · 9.75
Debt / equity
0.35▲
2023 · 0.11
ROE
7.1%▼
2023 · 12.6%
ROA
5.3%▼
2023 · 11.3%
Debt
€647k▲
2023 · €197k
Debt ≤ 1 year
€644k▲
2023 · €197k
Income taxes
€53k▼
2023 · €81k
Staff costs
€396k▼
2023 · €438k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.94M€2.52M▲
Fixed assets21/28€18k€18k=
Financial fixed assets28€18k€18k=
Current assets29/58€1.92M€2.50M▲
Amounts receivable within one year40/41€1.86M€2.45M▲
Trade receivables40€115k€686k▲
Other amounts receivable41€1.74M€1.76M▲
Cash at bank and in hand54/58€50k€50k=
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.94M€2.52M▲
Equity10/15€1.74M€1.87M▲
Contributions10/11€19k€19k=
Reserves13€1.72M€1.85M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.72M€1.85M▲
Amounts payable17/49€197k€647k▲
Amounts payable within one year42/48€197k€644k▲
Trade debts44€65k€520k▲
Suppliers440/4€65k€520k▲
Taxes, remuneration and social security45€132k€124k▼
Taxes450/3€92k€84k▼
Remuneration and social security454/9€40k€40k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€438k€396k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€688k€585k▼
Operating profit (loss)9901€250k€188k▼
Financial income75/76B€51k-
Recurring financial income75€51k-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€299k€186k▼
Income taxes67/77€81k€53k▼
Profit (loss) for the period9904€219k€133k▼
Profit (loss) for the period to be appropriated9905€219k€133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€219k€133k▼
Transfer to equity691/2€219k€133k▼
To other reserves6921€219k€133k▼
Social balance
Average headcount (FTE)90870.14.2▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
31-12
Financial
Highest result since 2018net €219k ▲39.7%
Operating result €250k, net result €219k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 17.42
Current ratio from 6.84 to 17.42; short-term debt falls from €210k to €82k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 8.04
Current ratio from 2.31 to 8.04; short-term debt falls from €782k to €156k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 directors, no change since 2025
Angelo Cornelis Gerardus Maria Bul
CurrentDirector · since 02-05-2025
Harald Karl Werner
Not recently confirmedManager · since 21-05-2019
Kokke Joost
Not recently confirmedGevolmachtigde · since 27-11-2014
Roos Mirjam
Not recently confirmedGevolmachtigde · since 27-11-2014
02-05-2025
Angelo Cornelis Gerardus Maria Bul: Appointed as Director
02-05-2025
Andreas Frank Mayer: Resigned as Director
06-07-2022
Andreas Frank Mayer: Appointed as Director
06-07-2022
Leon Timmermans: Resigned as Director
03-01-2020
Harald Werner: Resigned as Manager
29-08-2019
Leon Timmermans: Appointed as Manager
29-08-2019
Stephan Derksen: Resigned as Manager
21-05-2019
Harald Karl Werner: Appointed as Manager
21-05-2019
Henricus Daniels: Resigned as Manager
12-11-2018
Stephan Derksen: Appointed as Manager
12-11-2018
Henricus Daniels: Appointed as Manager
12-11-2018
Johannes Albertus Kool: Resigned as Manager
12-11-2018
Mirjam Paulette Roos: Resigned as Manager
05-02-2016
Kokke Joost: Appointed as Gevolmachtigde
05-02-2016
Mirjam Paulette Roos: Appointed as Manager
05-02-2016
Kool Johannes: Resigned as Vaste vertegenwoordiger
05-02-2016
Kool Johannes: Appointed as Vaste vertegenwoordiger
27-11-2014
Kokke Joost: Appointed as Gevolmachtigde
27-11-2014
Roos Mirjam: Appointed as Gevolmachtigde
27-11-2014
Van Leenen Duco Pieter: Resigned as Manager
27-11-2014
Van Leenen Willem: Resigned as Manager
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Motstraat 302800 MechelenGround area
1.3 ha
Building footprint
4,002 m²
Volume, LiDAR
51,874 m³
Parcel 12403D0148/00G000, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Flex IT Distribution
since 20102.188.704.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0148/00G000 | Flanders | 1.3 ha | 1 · 4,002 m² | 20.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,400. 715 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2010
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.