FLEX LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of FLEX LOGISTICS is 7.4% (elevated). The 2024 annual accounts show negative equity (-€14,979) and a net result of -€8,709. Equity has been shrinking by about 95% per year since 2021. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-12-2020 Normal situation
- Registered office
- 115 active companies are registered at this address 10 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.310.566.229 2000 Antwerpen, since 11-12-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 7.4%
- Gross margin
- -€5,962
- ▲ 14.0%
- Loss
- €8,709
- ▼ 12.1%
- Equity
- -€14,979
- ▼ 139%
- Total assets
- €2,268
- ▼ 48.7%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 11-07-2025)No main activity registered1 financial year not filed after the legal deadline; 2 of the last 3 accounts latelowers riskSize: total assets €2,268Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 5% of them on solvency, 5% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 2 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 11-07-2025 PDF all 4 filings
Every figure per financial year
The operating result for 2024 is a loss of €8,384, smaller than the loss of €9,510 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €10,306 | - | - | - |
| Depreciation and write-downs of the year | €3,056 | €2,215 | €2,215 | €2,119 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €356 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,056 | €2,215 | €2,215 | €2,119 | ▼ 4.3% |
| Other operating charges640/8 | €896 | €379 | €360 | €303 | ▼ 16.0% |
| Gross operating margin9900 | -€588 | -€7,732 | -€6,935 | -€5,962 | ▲ 14.0% |
| Operating profit (loss)9901 | -€4,896 | -€10,327 | -€9,510 | -€8,384 | ▲ 11.8% |
| Financial charges65/66B | €703 | €435 | €400 | €324 | ▼ 18.8% |
| Recurring financial charges65 | €703 | €435 | €400 | €324 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | -€5,598 | -€10,762 | -€9,910 | -€8,709 | ▲ 12.1% |
| Profit (loss) for the period9904 | -€5,598 | -€10,762 | -€9,910 | -€8,709 | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | -€5,598 | -€10,762 | -€9,910 | -€8,709 | ▲ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €16,159 | €6,645 | €4,419 | €2,268 | ▼ 48.7% |
| Fixed assets21/28 | €8,300 | €6,084 | €3,869 | €1,750 | ▼ 54.8% |
| Tangible fixed assets22/27 | €8,300 | €6,084 | €3,869 | €1,750 | ▼ 54.8% |
| Plant, machinery and equipment23 | €1,060 | €675 | €289 | - | - |
| Furniture and vehicles24 | €7,240 | €5,410 | €3,580 | €1,750 | ▼ 51.1% |
| Current assets29/58 | €7,859 | €561 | €550 | €518 | ▼ 5.9% |
| Amounts receivable within one year40/41 | €281 | €186 | €431 | €494 | ▲ 14.6% |
| Trade receivables40 | €281 | - | - | - | - |
| Other amounts receivable41 | - | €186 | €431 | €494 | ▲ 14.6% |
| Cash at bank and in hand54/58 | €7,578 | €375 | €2 | €24 | ▲ 11× |
| Deferred charges and accrued income490/1 | - | - | €117 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €16,159 | €6,645 | €4,419 | €2,268 | ▼ 48.7% |
| Equity10/15 | €14,402 | €3,640 | -€6,270 | -€14,979 | ▼ 139% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€5,598 | -€16,360 | -€26,270 | -€34,979 | ▼ 33.2% |
| Amounts payable17/49 | €1,757 | €3,005 | €10,689 | €17,246 | ▲ 61.3% |
| Amounts payable within one year42/48 | €1,757 | €3,005 | €10,689 | €17,246 | ▲ 61.3% |
| Trade debts44 | €203 | €403 | €198 | €134 | ▼ 32.6% |
| Suppliers440/4 | €203 | €403 | €198 | €134 | ▼ 32.6% |
| Taxes, remuneration and social security45 | €1,471 | €511 | - | - | - |
| Taxes450/3 | €1,471 | €511 | - | - | - |
| Other amounts payable47/48 | €84 | €2,091 | €10,491 | €17,113 | ▲ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,598 | -€10,762 | -€9,910 | -€8,709 | ▲ 12.1% |
| + Depreciation and write-downs630 | €3,056 | €2,215 | €2,215 | €2,119 | ▼ 4.3% |
| Operating cash flow (approximation) | -€2,542 | -€8,546 | -€7,695 | -€6,589 | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€7,203 | -€373 | €22 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as FLEX LOGISTICS has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLEX LOGISTICS itself: 7.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,008 companies, not a prediction for FLEX LOGISTICS. 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.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11811L3958/00T000 | Flanders | 449 m² | 1 · 438 m² | 20.1 m · 5 |