FLEX PROJECT

Active

Private limited companyfounded 2019active for 6 yearsGrétrystraat 47, 1000 Brussel, BelgiumKBO/BCE: BE 0738.600.164

Summary

The computed 12-month bankruptcy probability of FLEX PROJECT is 4.1% (elevated). The 2025 annual accounts show equity of €21,396 and a net result of -€5,668. Equity is growing by about 53% per year across the filed financial years. Its solvency ranks better than 77% of 5,845 sector peers (NACE 49, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).

Risk analysisFollow Report Compare

FLEX PROJECTActiveChecked score 48/100

Risk analysis Report Compare

Activity

On-demand passenger transport by chauffeured vehicle

NACE 49330

1 site

Size

≈ €68,000turnover 2025, estimated

Staff: ≈ 0.4 FTE, estimated
Equity: €21,396
Loss: -€5,668

Turnover estimated from the gross margin

Financial health

48 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 4.1%

Structure

2025 accounts filed 29 days late1 of 2 deeds summarised

Why 48raises riskSector: Land transport and transport via pipelines (NACE 49)2 ex-officio strike-offs in the KBO1 change of registered office in 24 monthsFounded in 2019Show the evidence

Checked score

Score 2025

48 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 40% of its sector peers (NACE 49, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 91+6

equity 65.7% of total assets

Liquidity 52-10

short-term debt 34.3% · cash 14.0%

Profitability 0-75

return on assets -17.4%

Bankruptcy probability, 12 months

4.1% Elevated

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,095 companies, NACE 49, micro)

Last 24 months 11-2024: 4.0% 12-2024: 3.9%▼ -0.1 percentage points vs 11-2024 01-2025: 3.8%▼ -0.1 percentage points vs 12-2024 02-2025: 3.7%▼ -0.1 percentage points vs 01-2025 03-2025: 3.7%● unchanged vs 02-2025 04-2025: 3.8%▲ +0.1 percentage points vs 03-2025 05-2025: 3.8%● unchanged vs 04-2025 06-2025: 3.9%▲ +0.1 percentage points vs 05-2025 07-2025: 4.0%▲ +0.1 percentage points vs 06-2025 08-2025: 4.7%▲ +0.7 percentage points vs 07-2025 09-2025: 2.1%▼ -2.6 percentage points vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.4%▲ +0.3 percentage points vs 11-2025 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.0%▼ -0.4 percentage points vs 02-2026lowest value 04-2026: 2.3%▲ +0.3 percentage points vs 03-2026 05-2026: 4.2%▲ +1.9 percentage points vs 04-2026 06-2026: 3.6%▼ -0.6 percentage points vs 05-2026 07-2026: 3.9%▲ +0.3 percentage points vs 06-2026 08-2026: 6.1%▲ +2.2 percentage points vs 07-2026highest value 09-2026: 4.1%▼ -2.0 percentage points vs 08-2026 10-2026: 4.1%● unchanged vs 09-2026

Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity tight (current ratio 1.24, compared with 1.35 in 2024, below the usual 1.5; short-term debt: 34.3% and cash: 14% of total assets), and 34.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 77% on solvency, 57% on liquidity, 6% on profitability and 20% on growth.

The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises risk

Sector: Land transport and transport via pipelines (NACE 49)

KBO

2 ex-officio strike-offs in the KBO

KBO publications

1 change of registered office in 24 months

Belgian Official Gazette

Founded in 2019

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

2025 accounts filed 29 days late

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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 6 filings

Deviation from the deadline

2025

29 days late

2024

27 days late

2023

26 days late

2022

29 days late

2021

60 days late

2020

1 day early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 28 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Administrative warnings in the KBO publications

2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

UBO non-complianceAddress struck

Searched, nothing found (1)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

29-08-2026 Annual accounts filedfinancial year 2025 · micro…
22-04-2026 Registered officeRegistered-office move · Director in…
31-12-2025 Weakest financial yearnet -€5,668

Key points

Caution: Among the weakest 20% on net resultsector median €5,727 · 5,816 companies -€5,668 View
Total assets 20256 financial years filed €32,586 View
Active since 2019founded 30-11-2019 6 years View

By topic

Financials

Financial year: 2025
Total assets: €32,586
Loss: -€5,668
Solvency: 65.7%

Total assets▼ 27.6%

Net result

20202025

Go to Financials

Timeline

Events: 12
Since: 2021
Next accounts: by 31-07-2027

10-11-2025Address struck
27-08-2025Annual accounts filed
26-08-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: On-demand passenger transport by chauffeured vehicleNACE 49330
Founded: 30-11-2019
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about FLEX PROJECT

What is the company number of FLEX PROJECT?: 0738.600.164. In Belgium the VAT number is the company number with BE in front: BE 0738.600.164.
Where is FLEX PROJECT based?: The registered office is at Grétrystraat 47, 1000 Brussel.Company details
What does FLEX PROJECT do?: According to the KBO register, the main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330).
What is the legal form of FLEX PROJECT?: Private limited company (BV).
When was FLEX PROJECT founded?: On 30-11-2019.
Is FLEX PROJECT still active?: Yes, FLEX PROJECT is an active enterprise in the KBO register.
How many employees does FLEX PROJECT have?: On average 1.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of FLEX PROJECT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is FLEX PROJECT profitable?: In financial year 2025, FLEX PROJECT made a loss of €5,668.
Where can I find the annual accounts of FLEX PROJECT?: FLEX PROJECT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FLEX PROJECT due?: By 31-07-2027, for financial year 2026.Timeline