Equity
-€9,115
Debts exceed assets in financial year 2024.
FLEXCON
Lifetime
11 annual accounts with figures on one time axispeak €33,242 (2016)
-€2,701▲ €32,087
lowest -€40,787 (2023)
-€5,611▲ €35,175
peak €48,866 (2021)
-€9,115▼ €5,611
€44,881▼ 27.8%
peak 1.2 FTE (2014)
-not published
Board3 names since 2013
1 directorLucLeroy
Documentsfilings and deeds
30-07-20251 day before the deadline
2024micro format
Gross margin from -€34,787 to -€2,701Loss of €5,611Equity from -€3,504 to -€9,115Debts from €62,140 to €44,881Cash from €36,425 to €18,871
Key points
from the 2024 annual accountsLosses
-€57,981 in three years
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
Filings
11 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 12% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.2%
01-2025: 5.7%▲ +1.5 percentage points vs 12-2024
02-2025: 5.6%▼ -0.1 percentage points vs 01-2025
03-2025: 5.9%▲ +0.3 percentage points vs 02-2025highest value
04-2025: 5.4%▼ -0.5 percentage points vs 03-2025
05-2025: 5.4%● unchanged vs 04-2025
06-2025: 5.4%● unchanged vs 05-2025
07-2025: 3.3%▼ -2.1 percentage points vs 06-2025
08-2025: 3.2%▼ -0.1 percentage points vs 07-2025
09-2025: 1.1%▼ -2.1 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.0%▼ -0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026lowest value
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.2 percentage points vs 07-2026
09-2026: 1.1%▼ -0.1 percentage points vs 08-2026
10-2026: 1.3%▲ +0.2 percentage points vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 financial year not filed after the legal deadline; 2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 0.78, cash €18,871
Size: total assets €35,765
Founded in 2013
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 5% of them on solvency, 36% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as FLEXCON has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLEXCON itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for FLEXCON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.78 (0.91 in 2023), below 1. Short-term debt is 125.5% and cash 52.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€9,115
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
1 day early
2023
323 days late
2022
249 days late
2021
197 days late
2020
163 days late
2019
96 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 171 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0541330373
Appointment: LucLeroy (director)
General meeting of 05-11-2020 · Gazette deed
Company renamed from MARLEYS to FLEXCON
Resignation: LEROY Luc Firmin Corneel (statutory director) · Appointment: DUMEEZ Martine Roza Alice (director) · “Handelsbemiddeling in machines voor de bouwnijverheid; Handelsbemiddeling in elektrisch en elektronisch…” (deed in Dutch) · General meeting of 17-08-2020 · Gazette deed
Incorporation
published on 24-10-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLEXCON Poperinge | €35,765 | -€2,701 | -25.5% | - |
| BELOFLORIPA Bruges | €33,600 | €1,021 | 51.6% | - |
| STRATELLAS Schaerbeek | €33,643 | €602 | 42.9% | - |
| LANIAR Woluwe-Saint-Pierre | €35,884 | -€4,429 | 93.0% | - |
| SMDG Sint-Genesius-Rode | €34,207 | €190 | 19.1% | - |
| Design the news Waterloo | €36,737 | -€604 | 92.7% | - |
| BEQUEVORT CONSULTANCE Soignies | €32,555 | -€8,342 | 98.4% | - |
These companies have the same main activity as FLEXCON: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €32,600 and €36,700, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 22-10-2013Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 6 others
- Establishment unit
- 2.223.536.0478970 Poperinge, since 22-10-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 19-03-2026
Insights on FLEXCON
FLEXCON files the micro format. That format states no turnover. The gross margin fell from €31,597 in 2014 to -€2,701 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLEXCON
- What is the company number of FLEXCON?
- The company number of FLEXCON is 0541.330.373. The VAT number is the same number with BE in front: BE 0541.330.373.
- Where is FLEXCON based?
- The registered office is at Vijfgemetenstraat 6, 8970 Poperinge.Company details
- What does FLEXCON do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of FLEXCON?
- FLEXCON is a private limited company (BV).
- When was FLEXCON founded?
- FLEXCON was founded on 22-10-2013.
- Is FLEXCON still active?
- Yes, FLEXCON is an active enterprise in the KBO register.
- What is the turnover of FLEXCON?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is FLEXCON profitable?
- In financial year 2024, FLEXCON made a loss of €5,611.
- Where can I find the annual accounts of FLEXCON?
- FLEXCON filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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