Summary
FLEXCON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.4m and a net result of €1.1m. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 2790 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
36 d early
2022
41 d early
2021
37 d early
2020
37 d early
2019
36 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 38 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€3.4m▲ 28.9%
2023 · €2.6m
Net result
€1.1m▲ 133%
2023 · €457,072
Total assets
€3.9m▲ 38.5%
2023 · €2.8m
Solvency
87.5%▼ 6.5pp
2023 · 94.0%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€118,160▼ 8.9%€106,734▼ 9.7%€124,964▲ 17.1%€150,915▲ 20.8%€200,836▲ 33.1%
Net result€264,038▼ 13.0%€75,245▼ 71.5%€370,653▲ 393%€457,072▲ 23.3%€1.1m▲ 133%
Equity€2.7m▲ 10.6%€2.4m▼ 11.8%€2.4m▼ 1.2%€2.6m▲ 9.9%€3.4m▲ 28.9%
Total assets€2.8m▲ 8.0%€2.6m▼ 8.1%€2.5m▼ 4.7%€2.8m▲ 13.4%€3.9m▲ 38.5%
Debt€67,291▼ 44.9%€164,090▲ 144%€73,308▼ 55.3%€167,103▲ 128%€482,114▲ 189%
Working capital€1.1m▲ 32.4%€733,955▼ 32.4%€711,292▼ 3.1%€980,232▲ 37.8%€2.2m▲ 125%
Solvency97.6%▲ 2.3pp93.6%▼ 4.0pp97.0%▲ 3.4pp94.0%▼ 3.0pp87.5%▼ 6.5pp
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 33% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.9m
Fixed assets
€1.2m ▼ 28.3%
Current assets
€2.7m ▲ 134%
Equity and liabilities €3.9m
Equity
€3.4m ▲ 28.9%
Debt
€482,114 ▲ 189%
Debt's share of the balance-sheet total rises from 6.0% to 12.5%. Equity and debt are higher.
Key figures and ratios
ROE
31.4%▲
2023 · 17.4%
ROA
27.5%▲
2023 · 16.4%
Debt ≤ 1 year
€482,114▲
2023 · €167,103
Income taxes
€162,632▲
2023 · €88,888
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,047 | €4,313 | €6,684 | €3,944 | €3,334 | ▼ 15.5% |
| Other operating charges640/8 | - | €972 | €984 | €3,324 | €1,288 | ▼ 61.2% |
| Gross operating margin9900 | €123,090 | €112,018 | €132,633 | €158,184 | €205,458 | ▲ 29.9% |
| Operating profit (loss)9901 | €118,160 | €106,734 | €124,964 | €150,915 | €200,836 | ▲ 33.1% |
| Financial income75/76B | - | €11,384 | €324,301 | €396,187 | €1.0m | ▲ 159% |
| Recurring financial income75 | €208,462 | €11,384 | €324,301 | €396,187 | €1.0m | ▲ 159% |
| Financial charges65/66B | - | €2,340 | €5,596 | €1,143 | €897 | ▼ 21.6% |
| Recurring financial charges65 | €2,521 | €2,340 | €5,596 | €1,143 | €897 | ▼ 21.6% |
| Profit (loss) for the period before taxes9903 | €324,101 | €115,778 | €443,670 | €545,959 | €1.2m | ▲ 125% |
| Transfer from deferred taxes780 | - | - | €0 | - | - | - |
| Income taxes67/77 | €60,063 | €40,534 | €73,017 | €88,888 | €162,632 | ▲ 83.0% |
| Profit (loss) for the period9904 | €264,038 | €75,245 | €370,653 | €457,072 | €1.1m | ▲ 133% |
| Transfer from tax-exempt reserves789 | - | €10,966 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €264,038 | €86,210 | €370,653 | €457,072 | €1.1m | ▲ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.6m | €2.5m | €2.8m | €3.9m | ▲ 38.5% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €1.6m | €1.2m | ▼ 28.3% |
| Tangible fixed assets22/27 | €14,078 | €41,547 | €34,863 | €30,919 | €26,895 | ▼ 13.0% |
| Plant, machinery and equipment23 | - | €1,933 | €610 | €261 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €3,499 | €1,211 | €690 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €36,115 | €33,042 | €29,969 | €26,895 | ▼ 10.3% |
| Financial fixed assets28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.2m | ▼ 28.6% |
| Current assets29/58 | €1.2m | €898,045 | €784,600 | €1.1m | €2.7m | ▲ 134% |
| Amounts receivable after more than one year29 | - | €245,000 | €105,000 | €0 | - | - |
| Other amounts receivable291 | - | €245,000 | €105,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €67,471 | €30,492 | €166,814 | €425,486 | €874,029 | ▲ 105% |
| Trade receivables40 | - | €30,492 | €32,027 | €34,196 | €34,373 | ▲ 0.5% |
| Other amounts receivable41 | - | - | €134,788 | €391,290 | €839,656 | ▲ 115% |
| Current investments50/53 | €19,254 | €50,634 | €59,591 | €259,591 | €1.5m | ▲ 464% |
| Cash at bank and in hand54/58 | €700,640 | €519,492 | €453,194 | €458,756 | €349,404 | ▼ 23.8% |
| Deferred charges and accrued income490/1 | - | €52,428 | €0 | €3,502 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.6m | €2.5m | €2.8m | €3.9m | ▲ 38.5% |
| Equity10/15 | €2.7m | €2.4m | €2.4m | €2.6m | €3.4m | ▲ 28.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.6m | €1.3m | €1.2m | €1.5m | €2.2m | ▲ 51.3% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | - | €1.3m | €1.2m | €1.5m | €2.2m | ▲ 51.3% |
| Profit (loss) carried forward14 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Amounts payable17/49 | €67,291 | €164,090 | €73,308 | €167,103 | €482,114 | ▲ 189% |
| Amounts payable within one year42/48 | €67,291 | €164,090 | €73,308 | €167,103 | €482,114 | ▲ 189% |
| Current portion of amounts payable after more than one year42 | - | €8,360 | €8,362 | €0 | - | - |
| Trade debts44 | €98 | €35,532 | €1,001 | €207 | €11,773 | ▲ 5,577% |
| Suppliers440/4 | - | €35,532 | €1,001 | €207 | €11,773 | ▲ 5,577% |
| Taxes, remuneration and social security45 | - | €49,499 | €62,881 | €99,671 | €163,706 | ▲ 64.2% |
| Taxes450/3 | - | €49,499 | €62,881 | €99,671 | €163,706 | ▲ 64.2% |
| Other amounts payable47/48 | - | €70,699 | €1,064 | €67,225 | €306,635 | ▲ 356% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €264,038 | €75,245 | €370,653 | €457,072 | €1.1m | ▲ 133% |
| + Depreciation and write-downs630 | €4,047 | €4,313 | €6,684 | €3,944 | €3,334 | ▼ 15.5% |
| Operating cash flow (approximation) | €268,085 | €79,557 | €377,337 | €461,016 | €1.1m | ▲ 131% |
| Investment in fixed assets (approximation) | - | -€31,637 | €0 | €28,844 | €461,767 | ▲ 1,501% |
| Change in cash | - | -€181,148 | -€66,297 | €5,561 | -€109,352 | ▼ 2,066% |
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
2026
09-09
State Gazette act
General meeting · Director resignation
Permanent representative
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.1m ▲133%
Operating result €200,836, net result €1.1m, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €75,245 ▼71.5%
Net result drops to €75,245, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 17.14
Current ratio from 7.72 to 17.14; short-term debt falls from €122,166 to €67,291.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 6current ratio 7.72
Current ratio from 1.19 to 7.72; short-term debt falls from €337,405 to €122,166.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Beauvechain · 1 establishment unit since 2005
Ground area
2,206 m²
Building footprint
264 m²
Volume, LiDAR
360 m³
Parcel 25038C0027/00Z002, Wallonia · tallest building 13.4 m. Linked by address, not a title deed.
1 establishment unit
FLEXCON
since 20052.149.758.441
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25038C0027/00Z002 | Wallonia | 2,206 m² | 1 · 264 m² | 13.4 m |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2024 annual accounts of FLEXCON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400RJSU3ZWD1SXP21
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 9,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876788938
Also
9925:BE0876788938
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.