FLEXBOUW
ActiveFLEXBOUW has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €3k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 7391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+5
Solvency63▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 2.14 in 2024; short-term debt: 34.3% and cash: 9% of total assets), but 62.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.6%
Return on assets
0.5%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
26 d early
2023
28 d early
2022
24 d early
2021
4 d early
2020
4 d early
2019
8 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€233k▲ 1.4%
2024 · €229k
2018: €144k
2019: €147k
2020: €149k
2021: €234k
2022: €236k
2023: €226k
2024: €229k
2018 → 2025
Total assets
€618k▼ 18.0%
2024 · €754k
2018: €1.02M
2019: €1.13M
2020: €886k
2021: €1.27M
2022: €998k
2023: €825k
2024: €754k
2018 → 2025
Net result
€3k▼ 6.6%
2024 · €3k
2018: €6k
2019: €2k
2020: €2k
2021: €86k
2022: €2k
2023: €-10k
2024: €3k
2018 → 2025
Working capital
€353k▼ 4.3%
2024 · €369k
2018: €131k
2019: €144k
2020: €154k
2021: €433k
2022: €414k
2023: €392k
2024: €369k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€234k-€236k▲ 0.8%€226k▼ 4.3%€229k▲ 1.5%€233k▲ 1.4%
Operating result€135k-€20k▼ 85.4%€6k▼ 71.1%€9k▲ 58.0%€9k▲ 1.5%
Net result€86k-€2k▼ 97.9%€-10k€3k€3k▼ 6.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618k
Fixed assets
€53k▼ 11.8%
Current assets
€565k▼ 18.6%
Equity and liabilities €618k
Equity
€233k▲ 1.4%
Debt
€385k▼ 26.5%
The debt ratio falls from 69.6% to 62.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €22k
Cash flow
€16k▼
2024 · €16k
Solvency
37.6%▲
2024 · 30.4%
Current ratio
2.67▲
2024 · 2.14
Quick ratio
0.32▼
2024 · 0.72
Debt / equity
1.66▼
2024 · 2.28
ROE
1.3%▼
2024 · 1.5%
ROA
0.5%▲
2024 · 0.4%
Interest coverage
4.45▲
2024 · 3.83
Debt
€385k▼
2024 · €524k
Debt ≤ 1 year
€212k▼
2024 · €325k
Debt > 1 year
€173k▼
2024 · €199k
Income taxes
€1k
Staff costs
€796▼
2024 · €5k
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€754k€618k▼
Fixed assets21/28€60k€53k▼
Tangible fixed assets22/27€60k€53k▼
Land and buildings22€60k€48k▼
Furniture and vehicles24-€5k
Current assets29/58€694k€565k▼
Stocks and contracts in progress3€459k€496k▲
Stocks30/36€459k€496k▲
Amounts receivable within one year40/41€9k€11k▲
Trade receivables40€9k€7k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€224k€56k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€754k€618k▼
Equity10/15€229k€233k▲
Contributions10/11€12k€12k=
Reserves13€27k€27k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€190k€193k▲
Amounts payable17/49€524k€385k▼
Amounts payable after more than one year17€199k€173k▼
Financial debts170/4€199k€173k▼
Amounts payable within one year42/48€325k€212k▼
Current portion of amounts payable after more than one year42€39k€26k▼
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€279k€169k▼
Income statement
Code20242025
Remuneration, social security and pensions62€5k€796▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A-€750
Gross operating margin9900€29k€27k▼
Operating profit (loss)9901€9k€9k▲
Financial income75/76B€29€30▲
Recurring financial income75€29€30▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€3k€4k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€193k▲
Profit (loss) brought forward from the previous period14P€187k€190k▲
The notes to these accounts (6 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-10k ▼651%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €86k ▲4099%
Operating result €135k, net result €86k, both a record.
30-09
Financial
Equity above €200kEq €234k ▲57.6%
4 profitable years in a row build equity to €234k.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 8 days late
2019
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Schaarbeek · 1 establishment unit since 2011
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.
Vergotestraat 31030 SchaarbeekGround area
1,241 m²
Building footprint
674 m²
Volume, LiDAR
8,699 m³
2 parcels, Brussels, Flanders · tallest building 21.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Flexbouw
since 20112.199.399.675
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0143/00B013 | Brussels | 1,175 m² | 1 · 604 m² | 21.4 m · 5 fl. |
| 71353E0239/00V000 | Flanders | 66 m² | 1 · 69 m² | 9.6 m · 3 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.
Similar companies · same sector, comparable size
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Kortemark · Eq €233k
NOVACASA
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Colaers Algemene Bouwonderneming
BE 0887.470.618
Heusden-Zolder · Eq €233k
SAM Bouw
BE 0542.389.356
Heist-op-den-Berg · Eq €233k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 11,703 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-2011
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.