FLEX PROJECT
ActiveThe computed 12-month bankruptcy probability of FLEX PROJECT is 14.9% (high). The 2025 annual accounts show equity of €21k and a net result of €-6k. Equity is growing by ~53.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 4467 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency83▼-1
Growth52▼-26
Stability92
Bankruptcy probability, 12 months
14.9%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.35 in 2024), and 34.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.7%
Return on assets
-17.4%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 6 filingsDeviation from the deadline
2025
29 d late
2024
27 d late
2023
26 d late
2022
29 d late
2021
60 d late
2020
1 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 20.9%
2024 · €27k
2020: €-321
2021: €3k
2022: €3k
2023: €20k
2024: €27k
2020 → 2025
Total assets
€33k▼ 27.6%
2024 · €45k
2020: €31k
2021: €35k
2022: €40k
2023: €28k
2024: €45k
2020 → 2025
Net result
€-6k
2024 · €7k
2020: €-5k
2021: €3k
2022: €-97
2023: €17k
2024: €7k
2020 → 2025
Working capital
€3k▼ 57.6%
2024 · €6k
2020: €-30k
2021: €-22k
2022: €-18k
2023: €-439
2024: €6k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€3k▼ 3.3%€20k▲ 615%€27k▲ 33.6%€21k▼ 20.9%
Operating result€4k-€583▼ 83.5%€19k▲ 3,234%€10k▼ 48.5%€-5k
Net result€3k-€-97€17k€7k▼ 61.0%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €10k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€19k▼ 9.7%
Current assets
€14k▼ 42.9%
Equity and liabilities €33k
Equity
€21k▼ 20.9%
Debt
€11k▼ 37.7%
The debt ratio falls from 39.9% to 34.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-3k
Cash flow
€-4k
Solvency
65.7%▲
2024 · 60.1%
Current ratio
1.24▼
2024 · 1.35
Quick ratio
1.24▼
2024 · 1.35
Debt / equity
0.52▼
2024 · 0.66
ROE
-26.5%▼
2024 · 25.1%
ROA
-17.4%▼
2024 · 15.1%
Interest coverage
-8.23
Debt
€11k▼
2024 · €18k
Debt ≤ 1 year
€11k▼
2024 · €18k
Staff costs
€14k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€45k€33k▼
Fixed assets21/28€21k€19k▼
Intangible fixed assets21€20k€18k▼
Financial fixed assets28€700€700=
Current assets29/58€24k€14k▼
Amounts receivable within one year40/41€13k€9k▼
Trade receivables40€12k€6k▼
Other amounts receivable41€794€4k▲
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€183-
Equity and liabilities
Total equity and liabilities10/49€45k€33k▼
Equity10/15€27k€21k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€22k€16k▼
Amounts payable17/49€18k€11k▼
Amounts payable within one year42/48€18k€11k▼
Trade debts44€12k€2k▼
Suppliers440/4€12k€2k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€970€2k▲
Other amounts payable47/48€1k€5k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€8k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€19k€12k▼
Operating profit (loss)9901€10k€-5k▼
Financial income75/76B-€1
Recurring financial income75-€1
Non-recurring financial income76B-€1
Financial charges65/66B€424€397▼
Recurring financial charges65€424€397▼
Profit (loss) for the period before taxes9903€10k€-6k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€7k€-6k▼
Profit (loss) for the period to be appropriated9905€7k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€16k▼
Profit (loss) brought forward from the previous period14P€15k€22k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼183%
Net result drops to €-6k, the lowest in the series.
10-11
KBO administration
Address struck
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2019
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.
Grétrystraat 471000 BrusselGround area
1.0 ha
Building footprint
8,954 m²
Volume, LiDAR
144,176 m³
2 parcels, Brussels · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
FLEX PROJECT
since 20192.310.493.676
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0187/02A006 | Brussels | 9,765 m² | 1 · 8,769 m² | 22.2 m · 6 fl. |
| 21802B1460/00X000 | Brussels | 421 m² | 1 · 185 m² | 22.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,625 companies in sector 49330 we hold annual accounts for 2,254. 1,959 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-2019
Fiscal year end31-12
Activities, NACEBEL
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:M_ELKADI@LIVE.BE
E-mail:Flex-Project@outlook.com
Phone:0488251717