Flexfleet
ActiveSummary
Flexfleet has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,384 and a net result of -€6,616. Its solvency ranks better than 24% of 1,816 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €3,384
- Loss
- -€6,616
Why 69raises riskFounded in 2025Equity €3,384 (0.8% of total assets)lowers riskSize: total assets €450,332Figures for financial year 2025 (filed 05-08-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 77, micro): better than 21% on solvency, 54% on liquidity and 34% on profitability.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: BULTEEL Olivier Godelieve Luc…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 120 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95.8% are still going.
- Small
- under 2 years old
- solvency under 10%
- a small loss
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 120 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,465 |
| Gross operating margin9900 | €3,743 |
| Operating profit (loss)9901 | -€5,722 |
| Financial charges65/66B | €894 |
| Recurring financial charges65 | €894 |
| Profit (loss) for the period before taxes9903 | -€6,616 |
| Profit (loss) for the period9904 | -€6,616 |
| Profit (loss) for the period to be appropriated9905 | -€6,616 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €450,332 | |
| Fixed assets21/28 | €291,996 | |
| Tangible fixed assets22/27 | €291,996 | |
| Furniture and vehicles24 | €291,996 | |
| Current assets29/58 | €158,337 | |
| Amounts receivable within one year40/41 | €74,360 | |
| Trade receivables40 | €2,694 | |
| Other amounts receivable41 | €71,666 | |
| Cash at bank and in hand54/58 | €83,797 | |
| Deferred charges and accrued income490/1 | €180 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €450,332 | |
| Equity10/15 | €3,384 | |
| Contributions10/11 | €10,000 | |
| Profit (loss) carried forward14 | -€6,616 | |
| Amounts payable17/49 | €446,948 | |
| Amounts payable after more than one year17 | €167,555 | |
| Financial debts170/4 | €167,555 | |
| Amounts payable within one year42/48 | €221,695 | |
| Current portion of amounts payable after more than one year42 | €53,995 | |
| Trade debts44 | €4,185 | |
| Suppliers440/4 | €4,185 | |
| Taxes, remuneration and social security45 | €21,715 | |
| Taxes450/3 | €21,715 | |
| Other amounts payable47/48 | €141,800 | |
| Accrued charges and deferred income492/3 | €57,698 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€6,616 |
| + Depreciation and write-downs630 | €9,465 |
| Operating cash flow (approximation) | €2,850 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00382024 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BULTEEL Olivier Godelieve Luc |
|
Owners and capital
Capital and shareholders
- BULTEEL Olivier Godelieve Luc 100 shares (100%) · €10,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-09-2025 Incorporation · €10,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-09
Gazette deed
IncorporationAppointment: BULTEEL Olivier Godelieve Luc (director) · Founder · Founding capital7 facts ▸
- Incorporation, 11-09-2025
- Founder, BULTEEL Olivier Godelieve Luc
- Founding capital, €10,000
- Bank account, “bijzondere rekening” (deed in Dutch)
- Director appointment, BULTEEL Olivier Godelieve Luc (director (not named in the articles))
- Other provision, “website en e-mailadres, de vennootschap nog geen website en e-mailadres heeft” (deed in Dutch)
- Power of attorney, Van Eester & De Vleeschhauwer, Accountants & Belastingconsulenten
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De verhuur van voertuigen; De aan- en verkoop van voertuigen” (deed in Dutch)
2 activities (deed in Dutch)
- De verhuur van voertuigen
- De aan- en verkoop van voertuigen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FLEXLFEET
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijk Gewest, 1000 Brussel, Kunstlaan 56” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te delegeren, iedere…” (deed in Dutch)“Geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten, indien het mandaat van de bestuurder…” (deed in Dutch)“Bestuur – vertegenwoordiging, 10” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandeelhouders mogen kennis nemen van het register betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestuursorgaan, algemene vergadering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)