FlexEplus
ActiveSummary
For FlexEplus, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €788,904 and a net result of €76,114. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 18391 sector peers (fiscal year 2023). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability77▲+1
Solvency90▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
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-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 2023Solvency, return and age of the figures
Solvency
65%
Return on assets
6.3%
Age of the figures
33 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
150 d late
2021
95 d late
2020
152 d late
2019
103 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 106 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 2023, micro schema
Equity
€788,904▲ 10.7%
2022 · €712,789
Total assets
€1.2m▼ 13.1%
2022 · €1.4m
Net result
€76,114▼ 3.7%
2022 · €79,001
Working capital
€769,354▼ 17.5%
2022 · €932,775
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
Line20192020202120222023
Operating result€209,856▲ 138%€146,757▼ 30.1%€88,880▼ 39.4%€121,873▲ 37.1%€111,266▼ 8.7%
Net result€132,738▲ 129%€96,068▼ 27.6%€52,628▼ 45.2%€79,001▲ 50.1%€76,114▼ 3.7%
Equity€485,092▲ 37.7%€581,160▲ 19.8%€633,788▲ 9.1%€712,789▲ 12.5%€788,904▲ 10.7%
Total assets€897,769▲ 30.7%€1.3m▲ 41.9%€1.3m▼ 0.7%€1.4m▲ 10.5%€1.2m▼ 13.1%
Debt€412,677▲ 23.4%€692,467▲ 67.8%€630,772▼ 8.9%€684,888▲ 8.6%€425,013▼ 37.9%
Working capital€598,356▲ 67.5%€672,805▲ 12.4%€811,138▲ 20.6%€932,775▲ 15.0%€769,354▼ 17.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 9% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.2m
Fixed assets
€288,884 ▼ 8.2%
Current assets
€925,032 ▼ 14.6%
Equity and liabilities €1.2m
Equity
€788,904 ▲ 10.7%
Debt
€425,013 ▼ 37.9%
Debt's share of the balance-sheet total falls from 49.0% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€137,025▼
2022 · €148,384
Cash flow
€101,872▼
2022 · €105,512
Current ratio
5.94▼
2022 · 7.21
Debt to equity
0.54▼
2022 · 0.96
ROE
9.6%▼
2022 · 11.1%
ROA
6.3%▲
2022 · 5.7%
Interest coverage
77.91▲
2022 · 18.62
Debt ≤ 1 year
€155,678▲
2022 · €150,259
Debt > 1 year
€269,335▼
2022 · €534,629
Income taxes
€33,427▼
2022 · €34,903
Staff costs
€42
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €42 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,313 | €45,645 | €34,601 | €26,511 | €25,758 | ▼ 2.8% |
| Other operating charges640/8 | - | - | €4,628 | €4,602 | €4,357 | ▼ 5.3% |
| Gross operating margin9900 | €228,439 | €195,223 | €128,109 | €152,986 | €141,424 | ▼ 7.6% |
| Operating profit (loss)9901 | €209,856 | €146,757 | €88,880 | €121,873 | €111,266 | ▼ 8.7% |
| Financial income75/76B | - | - | €922 | €1 | €33 | ▲ 6,594% |
| Recurring financial income75 | - | €188 | €922 | €1 | €33 | ▲ 6,594% |
| Financial charges65/66B | - | - | €14,866 | €7,969 | €1,759 | ▼ 77.9% |
| Recurring financial charges65 | €7,295 | €7,982 | €14,866 | €7,969 | €1,759 | ▼ 77.9% |
| Profit (loss) for the period before taxes9903 | €202,560 | €138,963 | €74,936 | €113,905 | €109,541 | ▼ 3.8% |
| Income taxes67/77 | €69,822 | €42,895 | €22,308 | €34,903 | €33,427 | ▼ 4.2% |
| Profit (loss) for the period9904 | €132,738 | €96,068 | €52,628 | €79,001 | €76,114 | ▼ 3.7% |
| Profit (loss) for the period to be appropriated9905 | €132,738 | €96,068 | €52,628 | €79,001 | €76,114 | ▼ 3.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €897,769 | €1.3m | €1.3m | €1.4m | €1.2m | ▼ 13.1% |
| Fixed assets21/28 | €169,095 | €374,216 | €341,154 | €314,643 | €288,884 | ▼ 8.2% |
| Tangible fixed assets22/27 | €169,070 | €374,191 | €341,129 | €314,618 | €288,859 | ▼ 8.2% |
| Land and buildings22 | - | - | €322,486 | €304,949 | €287,412 | ▼ 5.8% |
| Furniture and vehicles24 | - | - | €17,571 | €8,811 | €804 | ▼ 90.9% |
| Other tangible fixed assets26 | - | - | €1,072 | €857 | €643 | ▼ 25.0% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €728,674 | €899,411 | €923,406 | €1.1m | €925,032 | ▼ 14.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €216,000 | - |
| Trade receivables290 | - | - | - | - | €216,000 | - |
| Amounts receivable within one year40/41 | €56,134 | €67,188 | €41,865 | €102,499 | €74,528 | ▼ 27.3% |
| Trade receivables40 | - | - | €39,027 | €94,803 | €66,668 | ▼ 29.7% |
| Other amounts receivable41 | - | - | €2,838 | €7,697 | €7,860 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €670,704 | €832,223 | €875,907 | €975,034 | €630,905 | ▼ 35.3% |
| Deferred charges and accrued income490/1 | - | - | €5,634 | €5,501 | €3,599 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €897,769 | €1.3m | €1.3m | €1.4m | €1.2m | ▼ 13.1% |
| Equity10/15 | €485,092 | €581,160 | €633,788 | €712,789 | €788,904 | ▲ 10.7% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €469,954 | €567,692 | €620,760 | €696,760 | €772,760 | ▲ 10.9% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | €600,150 | €676,150 | €752,150 | ▲ 11.2% |
| Profit (loss) carried forward14 | €2,738 | €1,068 | €628 | €3,629 | €3,744 | ▲ 3.1% |
| Amounts payable17/49 | €412,677 | €692,467 | €630,772 | €684,888 | €425,013 | ▼ 37.9% |
| Amounts payable after more than one year17 | €255,114 | €462,483 | €518,503 | €534,629 | €269,335 | ▼ 49.6% |
| Financial debts170/4 | - | - | €518,503 | €534,629 | €269,335 | ▼ 49.6% |
| Amounts payable within one year42/48 | €130,318 | €226,606 | €112,268 | €150,259 | €155,678 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,207 | - |
| Financial debts43 | - | - | €33,333 | €7,863 | - | - |
| Credit institutions430/8 | - | - | €33,333 | €7,863 | - | - |
| Trade debts44 | €41,775 | €135,415 | €57,518 | €80,455 | €44,152 | ▼ 45.1% |
| Suppliers440/4 | - | - | €57,518 | €80,455 | €44,152 | ▼ 45.1% |
| Taxes, remuneration and social security45 | - | - | €16,647 | €45,056 | €19,196 | ▼ 57.4% |
| Taxes450/3 | - | - | €16,647 | €18,227 | €19,196 | ▲ 5.3% |
| Remuneration and social security454/9 | - | - | - | €26,829 | - | - |
| Other amounts payable47/48 | - | - | €4,770 | €16,886 | €76,123 | ▲ 351% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,738 | €96,068 | €52,628 | €79,001 | €76,114 | ▼ 3.7% |
| + Depreciation and write-downs630 | €16,313 | €45,645 | €34,601 | €26,511 | €25,758 | ▼ 2.8% |
| Operating cash flow (approximation) | €149,051 | €141,712 | €87,229 | €105,512 | €101,872 | ▼ 3.4% |
| Investment in fixed assets (approximation) | - | -€250,765 | -€1,539 | €0 | €0 | - |
| Change in cash | - | €161,519 | €43,684 | €99,127 | -€344,129 | ▼ 447% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
31-12
Financial
Weakest financial yearnet €52,628 ▼45.2%
Net result drops to €52,628, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.23
Current ratio from 3.97 to 8.23; short-term debt falls from €226,606 to €112,268.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Equity above €500,000Eq €581,160 ▲19.8%
3 profitable years in a row build equity to €581,160.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Highest result since 2018net €132,738 ▲129%
Operating result €209,856, net result €132,738, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 121 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
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, Brasschaat · 1 establishment unit since 2012
Ground area
4,531 m²
Building footprint
392 m²
Volume, LiDAR
2,761 m³
2 parcels, Flanders · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FlexEplus
since 20122.210.560.417
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0223/00K000 | Flanders | 4,475 m² | 1 · 338 m² | 18.1 m · 2 fl. |
| 11811L3766/00D000 | Flanders | 57 m² | 1 · 54 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,413 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
Founded25-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845501092
Also
9925:BE0845501092
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.