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FLEX MOVE

Active
Private limited companyfounded 2025active for 1 yearOudstrijdersstraat 58, 1785 Merchtem, BelgiumKBO/BCE: BE 1020.834.136
Summary

The computed 12-month bankruptcy probability of FLEX MOVE is 5.7% (elevated). The 2025 annual accounts show negative equity (-€8,399) and a net result of -€8,400. Its solvency ranks better than 8% of 5,823 sector peers (NACE 49, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
-€8,399
Total assets
€20,750
Net result
-€8,400
Working capital
-€21,853

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €20,750
Fixed assets €16,454
Current assets €4,297
Equity and liabilities
Equity-€8,399
Debt€29,149
Equity is negative: debt (€29,149) exceeds the balance-sheet total (€20,750).
Key figures and ratios
2025 value
EBITDA
-€3,979
Cash flow
-€4,014
Solvency
-40.5%
Current ratio
0.16
ROA
-40.5%
Interest coverage
-115.85
Debt
€29,149
Debt ≤ 1 year
€26,149
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.2% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.2% still going

For this company itself Checked computes a higher bankruptcy probability: 5.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,322 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
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€20,750
Fixed assets21/28€16,454
Tangible fixed assets22/27€16,454
Furniture and vehicles24€16,454
Current assets29/58€4,297
Amounts receivable within one year40/41€4,296
Trade receivables40€3,448
Other amounts receivable41€848
Cash at bank and in hand54/58€1
Equity and liabilities
Total equity and liabilities10/49€20,750
Equity10/15-€8,399
Contributions10/11€1
Profit (loss) carried forward14-€8,400
Amounts payable17/49€29,149
Amounts payable within one year42/48€26,149
Trade debts44€2,949
Suppliers440/4€2,949
Other amounts payable47/48€23,200
Accrued charges and deferred income492/3€3,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,386
Other operating charges640/8€429
Gross operating margin9900-€3,551
Operating profit (loss)9901-€8,366
Financial charges65/66B€34
Recurring financial charges65€34
Profit (loss) for the period before taxes9903-€8,400
Profit (loss) for the period9904-€8,400
Profit (loss) for the period to be appropriated9905-€8,400
Appropriation of the result
Profit (loss) to be appropriated9906-€8,400

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,386
Other operating charges640/8€429
Gross operating margin9900-€3,551
Operating profit (loss)9901-€8,366
Financial charges65/66B€34
Recurring financial charges65€34
Profit (loss) for the period before taxes9903-€8,400
Profit (loss) for the period9904-€8,400
Profit (loss) for the period to be appropriated9905-€8,400
Line2025
Assets
Total assets20/58€20,750
Fixed assets21/28€16,454
Tangible fixed assets22/27€16,454
Furniture and vehicles24€16,454
Current assets29/58€4,297
Amounts receivable within one year40/41€4,296
Trade receivables40€3,448
Other amounts receivable41€848
Cash at bank and in hand54/58€1
Equity and liabilities
Total equity and liabilities10/49€20,750
Equity10/15-€8,399
Contributions10/11€1
Profit (loss) carried forward14-€8,400
Amounts payable17/49€29,149
Amounts payable within one year42/48€26,149
Trade debts44€2,949
Suppliers440/4€2,949
Other amounts payable47/48€23,200
Accrued charges and deferred income492/3€3,000
Line2025
Profit (loss) for the period9904-€8,400
+ Depreciation and write-downs630€4,386
Operating cash flow (approximation)-€4,014

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 16-07-2026 2026-00310513

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 6,586 active companies whose main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330), figures are known for 2,307. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.