Skip to content

FLEX TEAM

Open bankruptcy
Private limited company (pre-2019)founded 2006Boulevard Emile Devreux 1, 6000 Charleroi, BelgiumKBO/BCE: BE 0882.035.945
FLEX TEAMOpen bankruptcy

Financials · financial year 2015, full format

2015 annual accounts filed 22 days after the deadline Filed on 22 August 2016, deadline 31 July 2016 (7 months after the close on 31 December 2015, Companies Code art. 3:10). Source: NBB, 2016-47200081.

Annual accounts 2015 filed on 22-08-2016 PDF all 9 filings

Turnover
€1.5m▼ 0.2%
2011 · €1.5m
EBIT margin
1.8%▼ 4.4pp
2011 · 6.3%
Net result
€147,717▲ 908%
2014 · €14,653
Working capital
€51,808▲ 14×
2014 · €3,645
Trend over the years

2011 to 2015, 5 financial years 2011 to 2015, 5 financial years

The operating result for 2015 is 53% higher than in 2014 and the highest since 2011. It is the third rise in a row, after the fall in 2012.

Turnover€1.5m 2012 Operating result€0.2m 2015 Net result€0.1m 2015

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20112012201320142015
Turnover€1.5m-€1.5m▼ 0.2%
Operating result€0.09m-€0.03m▼ 70.8%€0.03m▲ 25.6%€0.1m▲ 303%€0.2m▲ 53.1%
Net result€0.2m-€0.02m▼ 87.5%€0.004m▼ 78.3%€0.01m▲ 253%€0.1m▲ 908%
EBIT margin6.3%-1.8%▼ 4.4pp
Equity€0.04m-€0.06m▲ 44.6%€0.07m▲ 6.7%€0.03m▼ 53.4%€0.1m▲ 212%
Total assets€0.4m-€0.4m▲ 1.6%€0.5m▲ 9.9%€0.5m▲ 5.1%€0.8m▲ 63.0%
Debt€0.4m-€0.4m▼ 3.4%€0.4m▲ 10.4%€0.4m▲ 15.0%€0.7m▲ 52.7%
Working capital-€0.02m-€0.008m€0.03m▲ 287%€0.004m▼ 88.2%€0.05m▲ 14×
Staff (FTE)37.3-43.6▲ 16.9%59.5▲ 36.5%39.3▼ 33.9%45▲ 14.5%
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €780,062
Fixed assets €45,124 ▲ 65.4%
Current assets €734,938 ▲ 62.8%
Equity and liabilities €780,062
Equity €96,382 ▲ 212%
Debt €683,680 ▲ 52.7%
Debt's share of the balance-sheet total falls from 93.6% to 87.6%. Equity and debt are higher.
Key figures and ratios
2015 value · change against 2014
EBITDA
€223,556▲
2014 · €143,132
Cash flow
€164,556▲
2014 · €22,761
Current ratio
1.08▲
2014 · 1.01
ROE
153.3%▲
2014 · 47.5%
ROA
18.9%▲
2014 · 3.1%
Debt ≤ 1 year
€683,130▲
2014 · €447,732
Income taxes
€51,607▼
2014 · €97,168
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2015 against 2014 · 26 lines

Source: Annual accounts 2015 (PDF), filed on 22-08-2016.

Balance sheet Code20142015
Assets
Total assets20/58€0.5m€0.8m▲
Fixed assets21/28€0.03m€0.05m▲
Intangible fixed assets21€381€254▼
Tangible fixed assets22/27€0.01m€0.03m▲
Financial fixed assets28€0.01m€0.01m=
Current assets29/58€0.5m€0.7m▲
Amounts receivable within one year40/41€0.4m€0.6m▲
Cash at bank and in hand54/58€0.05m€0.1m▲
Equity and liabilities
Total equity and liabilities10/49€0.5m€0.8m▲
Equity10/15€0.03m€0.1m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.002m€0.002m=
Profit (loss) carried forward14€0.01m€0.08m▲
Amounts payable17/49€0.4m€0.7m▲
Amounts payable within one year42/48€0.4m€0.7m▲
Trade debts44€0.07m€0.1m▲
Income statement Code20142015
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.008m€0.02m▲
Gross operating margin9900€1.0m€1.3m▲
Operating profit (loss)9901€0.1m€0.2m▲
Recurring financial income75€14€0.001m▲
Recurring financial charges65€0.02m€0.008m▼
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Income taxes67/77€0.1m€0.05m▼
Profit (loss) for the period9904€0.01m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.01m€0.1m▲
Appropriation of the result
Return on contributions (dividend)694€0.05m€0.08m▲
Line20112012201320142015Change
Turnover70€1.5m€1.5m----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.02m€0.008m€0.008m€0.02m▲ 108%
Gross operating margin9900€0.9m€1.0m€1.5m€1.0m€1.3m▲ 34.1%
Operating profit (loss)9901€0.09m€0.03m€0.03m€0.1m€0.2m▲ 53.1%
Recurring financial income75€54€0.001m€325€14€0.001m▲ 68×
Recurring financial charges65€0.003m€0.004m€0.009m€0.02m€0.008m▼ 64.2%
Profit (loss) for the period before taxes9903€0.2m€0.02m€0.01m€0.1m€0.2m▲ 78.3%
Income taxes67/77€0.02m€0.005m€0.007m€0.1m€0.05m▼ 46.9%
Profit (loss) for the period9904€0.2m€0.02m€0.004m€0.01m€0.1m▲ 908%
Profit (loss) for the period to be appropriated9905€0.2m€0.02m€0.004m€0.01m€0.1m▲ 908%
Line20112012201320142015Change
Assets
Total assets20/58€408,053€414,637€455,531€478,656€780,062▲ 63.0%
Fixed assets21/28€60,823€54,233€35,387€27,279€45,124▲ 65.4%
Intangible fixed assets21--€508€381€254▼ 33.3%
Tangible fixed assets22/27€50,773€42,034€21,680€13,699€31,671▲ 131%
Financial fixed assets28€10,050€12,199€13,199€13,199€13,199=
Current assets29/58€347,230€360,404€420,144€451,377€734,938▲ 62.8%
Amounts receivable within one year40/41€333,912€356,919€362,185€390,296€603,096▲ 54.5%
Cash at bank and in hand54/58€10,493€488€53,339€45,129€127,296▲ 182%
Equity and liabilities
Total equity and liabilities10/49€408,053€414,637€455,531€478,656€780,062▲ 63.0%
Equity10/15€42,911€62,051€66,204€30,857€96,382▲ 212%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€22,451€41,591€45,744€10,397€75,922▲ 630%
Amounts payable17/49€365,143€352,586€389,327€447,799€683,680▲ 52.7%
Amounts payable within one year42/48€365,064€352,430€389,258€447,732€683,130▲ 52.6%
Trade debts44€80,613€14,955€55,039€71,527€148,457▲ 108%
Line20112012201320142015Change
Profit (loss) for the period9904€152,987€19,141€4,152€14,653€147,717▲ 908%
+ Depreciation and write-downs630€22,040€23,112€8,341€8,108€16,839▲ 108%
Operating cash flow (approximation)€175,027€42,252€12,493€22,761€164,556▲ 623%
Investment in fixed assets (approximation)--€16,521€10,505€0-€34,684-
Change in cash--€10,005€52,851-€8,210€82,167-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference Document
31-12-2015 full format 22-08-2016 2016-47200081 PDF
31-12-2014 full format 22-07-2015 2015-33100461 PDF
31-12-2013 full format 11-09-2014 2014-58400063 PDF
31-12-2012 full format 14-08-2013 2013-42600279 PDF
31-12-2011 full format 28-09-2012 2012-58900598 PDF
31-12-2010 full format 01-06-2011 2011-13900212 PDF
31-12-2009 abbreviated format 09-07-2010 2010-30100596 PDF
31-12-2008 abbreviated format 13-07-2009 2009-41300240 PDF
31-12-2007 abbreviated format 11-08-2008 2008-55700306 PDF