FLEXCENTER
ActiveSummary
FLEXCENTER has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€90,241) and a net result of €186,002. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+90
Solvency0=
Growth63▲+14
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.2 in 2023; short-term debt: 357.8% and cash: 4.9% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-319.6%
Return on assets
658.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 19375 sector peers (2024).
NBB · sector comparisonPosition among 19375 sector peers
Solvency
better than 5%
← 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 31-07-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
29 d late
2022
2 d early
2021
1 d early
2020
19 d early
2019
54 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€173,981▲ 11.2%
2021 · €156,521
EBIT margin
-17.8%▲ 13.0pp
2021 · -30.8%
Net result
€186,002
2023 · -€32,864
Working capital
-€74,670▲ 73.0%
2023 · -€276,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover€162,837▲ 30.4%€156,521▼ 3.9%€173,981▲ 11.2%
Operating result-€29,224-€48,192▼ 64.9%-€31,004▲ 35.7%-€29,545▲ 4.7%€191,232
Net result-€32,320below the sector's middle half-€50,213below the sector's middle half▼ 55.4%-€34,885below the sector's middle half▲ 30.5%-€32,864below the sector's middle half▲ 5.8%€186,002above the sector's middle half
EBIT margin-17.9%▼ 62.5pp-30.8%▼ 12.8pp-17.8%▲ 13.0pp
Equity-€158,282below the sector's middle half▼ 25.7%-€208,494below the sector's middle half▼ 31.7%-€243,379below the sector's middle half▼ 16.7%-€276,243below the sector's middle half▼ 13.5%-€90,241below the sector's middle half▲ 67.3%
Total assets€222,829below the sector's middle half▼ 18.1%€177,462within the sector's middle half▼ 20.4%€181,852within the sector's middle half▲ 2.5%€129,773below the sector's middle half▼ 28.6%€28,231below the sector's middle half▼ 78.2%
Debt€381,111▼ 4.3%€385,956▲ 1.3%€425,230▲ 10.2%€406,016▼ 4.5%€118,473▼ 70.8%
Working capital-€160,566below the sector's middle half▼ 22.7%-€212,571below the sector's middle half▼ 32.4%-€211,704below the sector's middle half▲ 0.4%-€276,785below the sector's middle half▼ 30.7%-€74,670within the sector's middle half▲ 73.0%
Solvency-71.0%below the sector's middle half▼ 24.7pp-117.5%below the sector's middle half▼ 46.5pp-133.8%below the sector's middle half▼ 16.3pp-212.9%below the sector's middle half▼ 79.0pp-319.6%below the sector's middle half▼ 106.8pp
Current ratio0.30below the sector's middle half▼ 0.080.21below the sector's middle half▼ 0.080.30below the sector's middle half▲ 0.090.20below the sector's middle half▼ 0.100.26below the sector's middle half▲ 0.06
Return on assets (ROA)-14.5%below the sector's middle half▼ 32.6pp-28.3%below the sector's middle half▼ 13.8pp-19.2%below the sector's middle half▲ 9.1pp-25.3%below the sector's middle half▼ 6.1pp658.8%above the sector's middle half▲ 684.2pp
Staff (FTE)11=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €191,232 after a loss of €29,545 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28,231
Fixed assets
€1,900 ▼ 96.8%
Current assets
€26,331 ▼ 62.8%
Key figures and ratios
EBITDA
€192,423▲
2023 · €5,167
Cash flow
€187,193▲
2023 · €1,847
Debt to equity
-1.31▲
2023 · -1.47
Interest coverage
35.09▲
2023 · 1.15
Debt ≤ 1 year
€101,001▼
2023 · €347,607
Debt > 1 year
€14,906▼
2023 · €53,762
Staff costs
€38,877▲
2023 · €32,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 3,640 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €162,837 | €156,521 | €173,981 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €204,039 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €128,176 | €135,077 | - | - | - |
| Remuneration, social security and pensions62 | - | €39,517 | €40,072 | €32,676 | €38,877 | ▲ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,232 | €35,701 | €28,570 | €34,711 | €1,191 | ▼ 96.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6,100 | - |
| Other operating charges640/8 | - | €1,319 | €1,897 | €1,176 | €6,959 | ▲ 491% |
| Gross operating margin9900 | €48,034 | €28,346 | €39,536 | €39,020 | €244,358 | ▲ 526% |
| Operating profit (loss)9901 | -€29,224 | -€48,192 | -€31,004 | -€29,545 | €191,232 | ▲ 747% |
| Financial income75/76B | - | €3,376 | €296 | €1,163 | €254 | ▼ 78.2% |
| Recurring financial income75 | €1,700 | €3,376 | €296 | €1,163 | €254 | ▼ 78.2% |
| Financial charges65/66B | - | €5,396 | €4,177 | €4,483 | €5,483 | ▲ 22.3% |
| Recurring financial charges65 | €4,570 | €5,396 | €4,177 | €4,483 | €5,483 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | -€32,095 | -€50,213 | -€34,885 | -€32,864 | €186,002 | ▲ 666% |
| Income taxes67/77 | €225 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€32,320 | -€50,213 | -€34,885 | -€32,864 | €186,002 | ▲ 666% |
| Profit (loss) for the period to be appropriated9905 | -€32,320 | -€50,213 | -€34,885 | -€32,864 | €186,002 | ▲ 666% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222,829 | €177,462 | €181,852 | €129,773 | €28,231 | ▼ 78.2% |
| Fixed assets21/28 | €155,289 | €119,588 | €91,018 | €58,951 | €1,900 | ▼ 96.8% |
| Tangible fixed assets22/27 | €155,289 | €119,588 | €91,018 | €58,951 | €1,900 | ▼ 96.8% |
| Land and buildings22 | - | €116,880 | €89,305 | €55,860 | - | - |
| Plant, machinery and equipment23 | - | €2,708 | €1,713 | €3,091 | €1,900 | ▼ 38.5% |
| Current assets29/58 | €67,540 | €57,874 | €90,834 | €70,822 | €26,331 | ▼ 62.8% |
| Amounts receivable within one year40/41 | €64,121 | €52,323 | €84,404 | €64,218 | €23,060 | ▼ 64.1% |
| Trade receivables40 | - | €33,930 | €51,143 | €45,618 | €21,985 | ▼ 51.8% |
| Other amounts receivable41 | - | €18,393 | €33,262 | €18,600 | €1,075 | ▼ 94.2% |
| Cash at bank and in hand54/58 | €3,418 | €5,551 | €6,430 | €5,433 | €1,392 | ▼ 74.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,171 | €1,879 | ▲ 60.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222,829 | €177,462 | €181,852 | €129,773 | €28,231 | ▼ 78.2% |
| Equity10/15 | -€158,282 | -€208,494 | -€243,379 | -€276,243 | -€90,241 | ▲ 67.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | - | - | - |
| Other1109/19 | - | €6,200 | €6,200 | - | - | - |
| Profit (loss) carried forward14 | -€164,482 | -€214,694 | -€249,579 | -€282,443 | -€96,441 | ▲ 65.9% |
| Amounts payable17/49 | €381,111 | €385,956 | €425,230 | €406,016 | €118,473 | ▼ 70.8% |
| Amounts payable after more than one year17 | €153,005 | €115,511 | €115,511 | €53,762 | €14,906 | ▼ 72.3% |
| Financial debts170/4 | - | €115,511 | €115,511 | €37,316 | - | - |
| Other amounts payable178/9 | - | - | - | €16,446 | €14,906 | ▼ 9.4% |
| Amounts payable within one year42/48 | €228,106 | €270,445 | €302,538 | €347,607 | €101,001 | ▼ 70.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €39,640 | €40,662 | ▲ 2.6% |
| Financial debts43 | - | €37,499 | €87 | - | - | - |
| Credit institutions430/8 | - | €37,499 | €87 | - | - | - |
| Trade debts44 | €167,214 | €6,387 | €10,921 | €11,939 | €9,367 | ▼ 21.5% |
| Suppliers440/4 | - | €6,387 | €10,921 | €11,939 | €9,367 | ▼ 21.5% |
| Taxes, remuneration and social security45 | - | €5,447 | €10,539 | €5,030 | €4,947 | ▼ 1.6% |
| Taxes450/3 | - | €265 | €3,906 | - | - | - |
| Remuneration and social security454/9 | - | €5,182 | €6,633 | €5,030 | €4,947 | ▼ 1.6% |
| Other amounts payable47/48 | - | €221,113 | €280,992 | €290,998 | €46,024 | ▼ 84.2% |
| Accrued charges and deferred income492/3 | - | - | €7,181 | €4,648 | €2,565 | ▼ 44.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,320 | -€50,213 | -€34,885 | -€32,864 | €186,002 | ▲ 666% |
| + Depreciation and write-downs630 | €46,232 | €35,701 | €28,570 | €34,711 | €1,191 | ▼ 96.6% |
| Operating cash flow (approximation) | €13,912 | -€14,511 | -€6,314 | €1,847 | €187,193 | ▲ 10,034% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,645 | €55,860 | ▲ 2,212% |
| Change in cash | - | €2,133 | €878 | -€997 | -€4,040 | ▼ 305% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €186,002
Net result €186,002 after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€50,213
Net result drops to -€50,213, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
31-12
Financial
Back to profitnet €49,129
Net result €49,129 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Aartselaar · 1 establishment unit since 2015
Ground area
1.5 ha
Parcel 11372A0096/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
FLEXCENTER
since 20152.247.276.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372A0096/00B000 | Flanders | 1.5 ha | - | - |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82300Organisation of conventions and trade shows
82990Other business support services
90312Arts creation and performing arts activities
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.