FLEX MOVE
ActiveSummary
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 5,897 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.
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-03-2025 Normal situation
- Activity
- On-demand passenger transport by chauffeured vehicle NACE 49330
- Establishment unit
- 2.373.274.353 1785 Merchtem, since 10-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 18-05-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.7%
- Gross margin
- -€3,551
- Loss
- €8,400
- Equity
- -€8,399
- Total assets
- €20,750
- Negative equity on 31-12-2025
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)Founded in 2025Liquidity: current ratio 0.16, cash €1Negative equity -€8,399Show the evidence
Checked score
About 6 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 (NACE 49, micro). It does better than 5% of them on solvency, 1% on liquidity and 6% on profitability.
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
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €20,840 |
| Depreciation and write-downs of the year | €4,386 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€8,400 |
| + Depreciation and write-downs630 | €4,386 |
| Operating cash flow (approximation) | -€4,014 |
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, 1,322 companies had the same profile as FLEX MOVE has now. Two years later, 90.2% were still going and 4.2% had gone bankrupt.
- Micro
- under 2 years old
- negative equity
- a loss of 10% of the balance sheet or more
The bankruptcy probability of FLEX MOVE itself is higher: 5.7% within 12 months. It rests on far more data about FLEX MOVE than the profile alone.
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 1,322 companies, not a prediction for FLEX MOVE. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00310513 |
Board & ownership
Directors
Owners and capital
Shareholders
- HOVHANNISYAN Arevik 10 shares (100%)
Capital transactions
- 12-03-2025 Incorporation · €1 · 10 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Gelijk recht in winstverdeling, 10”
- 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
Articles of association, deed of 12-03-2025 (in Dutch)
Network & group
Companies at the same address
1 other companyConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
12-03
Gazette deed
IncorporationStarting capital €1 · Appointment: HOVHANNISYAN Arevik (director) · Registered office clause · Board rule12 points ▸
- Other provision, “uitwerking slot- en overgangsbepalingen, comparant” (deed in Dutch)
- Registered office clause, “1785 Merchtem, Oudstrijdersstraat”, 58, “neerlegging ter griffie van uitgifte van oprichtingsakte” (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, HOVHANNISYAN Arevik (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien, en alle activiteiten ondernomen door comparant in naam en voor rekening van vennootschap…” (deed in Dutch)
- Founder, HOVHANNISYAN Arevik
- Incorporation, “FLEX MOVE” (deed in Dutch)
- Founding capital, €1
- Other provision, 13-02-2025
- Bank account, “KBC”, 1 (deed in Dutch)
- Other provision, “statuten, comparant verklaart statuten als volgt te luiden” (deed in Dutch)
- Other provision, “wettelijke samenwoning, geen verklaring afgelegd” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202519 activities
- Personenvervoer per taxi en via de computerplatforms UBER, Hitch en Bolt, enz.
- Personenvervoer per VTC (auto met chauffeur).
- Personenvervoer met voertuigen met 9 zitplaatsen of minder.
- Vervoer van mensen met beperkte mobiliteit.
- Verhuur van voertuigen met chauffeur.
- De exploitatie, in de ruimste zin van het woord, van een nationaal en internationaal goederen- en personenvervoerbedrijf met alle middelen en modaliteiten, alsmede alle transportondersteunende activiteiten, douaneagentschappen of expeditiebedrijven.
- Wegvervoer (nationaal en internationaal) van alle bederfelijke en niet bederfelijke goederen en koopwaren, pakketten, exprespakketten, koeriers en exprespost.
- Het ophalen, bewaren en opslaan van goederen, pakketten en brieven, en het groeperen van individuele zendingen voor verzending, distributie en aflevering van goederen, pakketten en brieven bij aankomst.
- Alle activiteiten met betrekking tot het ophalen, sorteren, frankeren en distribueren van post en pakketten.
- Wegvervoer van goederen en koopwaar in de ruimste zin van het woord.
- Exploitatie van transportbedrijven en postvervoer.
- Exploitatie van taxibedrijven en bedrijven voor personen- en goederenvervoer.
- Exploitatie van schoolbussen, pendeldiensten naar luchthavens en hotels, incidenteel of regelmatig personeelsvervoer over de weg, enz.
- Overig personenvervoer over de weg zonder dienstregeling: vervoer op verzoek, toeristische excursies per bus, enz.
- Personenvervoer per taxi, taxivervoer.
- Verhuur van personenauto's met chauffeur.
- Vervoer en levering aan huis van alle soorten producten, bederfelijke en niet bederfelijke, inzameling, opslag en distributie van alle soorten producten, bederfelijke en niet bederfelijke.
- Alle activiteiten met betrekking tot nationaal en internationaal, land-, zee- en luchttransport van alle goederen en koopwaar.
- Alle activiteiten van alle aard die rechtstreeks of onrechtstreeks verband houden met de verhuur van motorvoertuigen en limousinediensten, met of zonder chauffeur.
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 |
|---|---|---|---|---|
| 23602K0168/00F000 | Flanders | 256 m² | 1 · 109 m² | 9.4 m · 2 |