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FLEXCARE

Active
Non-profit associationfounded 20178 yrs activeMeensesteenweg 529, 8800 Roeselare, BelgiumKBO/BCE: BE 0687.700.801
Summary

FLEXCARE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5,800 and a net result of -€1,509. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 353 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability33▼-34
Solvency32▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
7.4%
Return on assets
-1.9%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 353 sector peers (2024).
NBB · sector comparison
Position among 353 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
59 d early
2023
47 d early
2022
47 d early
2021
60 d early
2020
53 d early
2019
45 d 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 52 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FLEXCARE was incorporated on 27 December 2017.1 Total assets rose from EUR 4,979 in 2018 to EUR 78,871 in 2024 and headcount from 5 full-time equivalents in 2019 to 6.8 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2019 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Equity
€5,800▼ 20.6%
2023 · €7,308
Total assets
€78,871▼ 2.0%
2023 · €80,470
Net result
-€1,509
2023 · €9,411
Working capital
€5,815▼ 20.6%
2023 · €7,323
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€2,084€14,010-€12,551€9,527-€1,402
Net result-€2,526within the sector's middle half€13,923within the sector's middle half-€12,651below the sector's middle half€9,411within the sector's middle half-€1,509within the sector's middle half
Equity-€3,374below the sector's middle half▼ 298%€10,548below the sector's middle half-€2,103below the sector's middle half€7,308below the sector's middle half€5,800below the sector's middle half▼ 20.6%
Total assets€71,187below the sector's middle half▼ 37.1%€70,537below the sector's middle half▼ 0.9%€55,147below the sector's middle half▼ 21.8%€80,470below the sector's middle half▲ 45.9%€78,871below the sector's middle half▼ 2.0%
Debt€74,562▼ 34.6%€59,989▼ 19.5%€57,250▼ 4.6%€73,162▲ 27.8%€73,071▼ 0.1%
Working capital-€3,374▼ 298%€10,548-€2,088€7,323€5,815▼ 20.6%
Solvency-4.7%below the sector's middle half▼ 4.0pp15.0%within the sector's middle half▲ 19.7pp-3.8%below the sector's middle half▼ 18.8pp9.1%below the sector's middle half▲ 12.9pp7.4%below the sector's middle half▼ 1.7pp
Staff (FTE)6.6within the sector's middle half▲ 32.0%7.4within the sector's middle half▲ 12.1%7.2within the sector's middle half▼ 2.7%6.6within the sector's middle half▼ 8.3%6.8within the sector's middle half▲ 3.0%
above within below the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2020: -€2,084-€2,084Net result 2020: -€2,526-€2,526Operating result 2021: €14,010€14,010Net result 2021: €13,923€13,923Operating result 2022: -€12,551-€12,551Net result 2022: -€12,651-€12,651Operating result 2023: €9,527€9,527Net result 2023: €9,411€9,411Operating result 2024: -€1,402-€1,402Net result 2024: -€1,509-€1,50920202021202220232024-€20,000-€10,000€0€10,000Operating result 2022: -€12,551-€12,600Net result 2022: -€12,651-€12,700Operating result 2023: €9,527€9,530Net result 2023: €9,411€9,410Operating result 2024: -€1,402-€1,400Net result 2024: -€1,509-€1,510202220232024
The operating result turns negative in 2024: a loss of €1,402 after €9,527 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €78,871
Equity €5,800 ▼ 20.6%
Debt €73,071 ▼ 0.1%
Debt's share of the balance-sheet total rises from 90.9% to 92.6%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.08▼
2023 · 1.10
Debt to equity
12.60▲
2023 · 10.01
ROE
-26.0%▼
2023 · 128.8%
ROA
-1.9%▼
2023 · 11.7%
Debt ≤ 1 year
€73,056▼
2023 · €73,146
Staff costs
€398,311▲
2023 · €396,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
3.9% went bankrupt
3.3% stopped otherwise
92% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 849 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€80,470€78,871▼
Current assets29/58€80,470€78,871▼
Amounts receivable within one year40/41€34,785€33,504▼
Trade receivables40€34,507€30,901▼
Other amounts receivable41€279€2,603▲
Cash at bank and in hand54/58€45,684€40,896▼
Deferred charges and accrued income490/1-€4,471
Equity and liabilities
Total equity and liabilities10/49€80,470€78,871▼
Equity10/15€7,308€5,800▼
Profit (loss) carried forward14€7,308€5,800▼
Amounts payable17/49€73,162€73,071▼
Amounts payable within one year42/48€73,146€73,056▼
Trade debts44€4,063€8,031▲
Suppliers440/4€4,063€8,031▲
Taxes, remuneration and social security45€68,059€63,984▼
Taxes450/3€4,813€3,102▼
Remuneration and social security454/9€63,246€60,882▼
Accrued charges and deferred income492/3€15€15▼
Income statement Code20232024
Remuneration, social security and pensions62€396,266€398,311▲
Gross operating margin9900€405,793€396,909▼
Operating profit (loss)9901€9,527-€1,402▼
Financial charges65/66B€116€107▼
Recurring financial charges65€116€107▼
Profit (loss) for the period before taxes9903€9,411-€1,509▼
Profit (loss) for the period9904€9,411-€1,509▼
Profit (loss) for the period to be appropriated9905€9,411-€1,509▼
Appropriation of the result
Profit (loss) to be appropriated9906€7,308€5,800▼
Profit (loss) brought forward from the previous period14P-€2,103€7,309▲
Social balance
Average headcount (FTE)90876.66.8▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€355,989€358,236€396,266€398,311▲ 0.5%
Gross operating margin9900€330,168€369,999€345,685€405,793€396,909▼ 2.2%
Operating profit (loss)9901-€2,084€14,010-€12,551€9,527-€1,402▼ 115%
Financial charges65/66B-€87€101€116€107▼ 7.9%
Recurring financial charges65€442€87€101€116€107▼ 7.9%
Profit (loss) for the period before taxes9903-€2,526€13,923-€12,651€9,411-€1,509▼ 116%
Profit (loss) for the period9904-€2,526€13,923-€12,651€9,411-€1,509▼ 116%
Profit (loss) for the period to be appropriated9905-€2,526€13,923-€12,651€9,411-€1,509▼ 116%
Line20202021202220232024Change
Assets
Total assets20/58€71,187€70,537€55,147€80,470€78,871▼ 2.0%
Current assets29/58€71,187€70,537€55,147€80,470€78,871▼ 2.0%
Amounts receivable within one year40/41€30,809€30,184€25,496€34,785€33,504▼ 3.7%
Trade receivables40-€29,145€23,305€34,507€30,901▼ 10.4%
Other amounts receivable41-€1,039€2,191€279€2,603▲ 834%
Cash at bank and in hand54/58€36,121€40,353€29,651€45,684€40,896▼ 10.5%
Deferred charges and accrued income490/1----€4,471-
Equity and liabilities
Total equity and liabilities10/49€71,187€70,537€55,147€80,470€78,871▼ 2.0%
Equity10/15-€3,374€10,548-€2,103€7,308€5,800▼ 20.6%
Profit (loss) carried forward14-€3,374€10,548-€2,103€7,308€5,800▼ 20.6%
Amounts payable17/49€74,562€59,989€57,250€73,162€73,071▼ 0.1%
Amounts payable within one year42/48€74,562€59,989€57,235€73,146€73,056▼ 0.1%
Trade debts44€7,623€4,826€2,948€4,063€8,031▲ 97.7%
Suppliers440/4-€4,826€2,948€4,063€8,031▲ 97.7%
Taxes, remuneration and social security45-€54,153€53,277€68,059€63,984▼ 6.0%
Taxes450/3-€3,940€3,980€4,813€3,102▼ 35.6%
Remuneration and social security454/9-€50,214€49,297€63,246€60,882▼ 3.7%
Accrued charges and deferred income492/3--€15€15€15▼ 2.5%
Line20202021202220232024Change
Profit (loss) for the period9904-€2,526€13,923-€12,651€9,411-€1,509▼ 116%
Operating cash flow (approximation)-€2,526€13,923-€12,651€9,411-€1,509▼ 116%
Change in cash-€4,232-€10,702€16,033-€4,788▼ 130%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Back to profitnet €9,411
Net result €9,411 after one loss-making year.
14-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€12,651
Net result drops to -€12,651, the lowest in the series; recovery starts the following year.
01-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €13,923
Net result €13,923 after one loss-making year.
08-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €1,862
Net result €1,862 after one loss-making year.
01-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Roeselare · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,460 m²
Building footprint
156 m²
Volume, LiDAR
927 m³
Parcel 36302B2080/00C000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
FLEXCARE
Meensesteenweg 529, 8800 RoeselareRetail sale of pharmaceutical products
since 20192.288.048.767
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36302B2080/00C000 Flanders 1,460 m² 1 · 156 m² 9.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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

Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded27-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0687700801
Also 9925:BE0687700801
Registered 16-07-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.