Flexforce
Open bankruptcyA bankruptcy procedure is open for Flexforce according to publications in the Belgian State Gazette; curator: STEVEN HEYLEN. The 2023 annual accounts show equity of €45k and a net result of €-1k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
68 d late
2021
5 d early
2020
2 d early
2019
67 d late
2018
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€45k▼ 35.8%
2021 · €70k
2018: €22k
2019: €92k
2020: €63k
2021: €70k
2018 → 2023
Total assets
€56k▼ 45.4%
2021 · €102k
2018: €41k
2019: €224k
2020: €118k
2021: €102k
2018 → 2023
Net result
€-1k
2021 · €7k
2018: €16k
2019: €70k
2020: €-28k
2021: €7k
2018 → 2023
Working capital
€45k▼ 27.9%
2021 · €62k
2018: €17k
2019: €55k
2020: €53k
2021: €62k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212023Trend
Equity€22k-€92k▲ 322%€63k▼ 31.1%€70k▲ 11.2%€45k▼ 35.8%
Operating result€19k-€90k▲ 366%€-10k€6k€-3k
Net result€16k-€70k▲ 350%€-28k€7k€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-3k in 2023, compared with €6k in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €56k
Fixed assets
€467▼ 97.1%
Current assets
€55k▼ 35.8%
Equity and liabilities €56k
Equity
€45k▼ 35.8%
Debt
€11k▼ 66.7%
The debt ratio falls from 31.2% to 19.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2021 · €13k
Cash flow
€-700▼
2021 · €14k
Solvency
80.9%▲
2021 · 68.8%
Current ratio
5.20▲
2021 · 3.56
Quick ratio
5.20▲
2021 · 3.56
Debt / equity
0.24▼
2021 · 0.45
ROE
-2.8%▼
2021 · 10.1%
ROA
-2.3%▼
2021 · 6.9%
Interest coverage
-12.82▼
2021 · 23.08
Debt
€11k▼
2021 · €32k
Debt ≤ 1 year
€11k▼
2021 · €24k
Income taxes
€0=
2021 · €0
Staff costs
€1k▼
2021 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2021
Balance sheet
Code20212023
Assets
Total assets20/58€102k€56k▼
Fixed assets21/28€16k€467▼
Intangible fixed assets21€2k€467▼
Tangible fixed assets22/27€14k-
Furniture and vehicles24€14k-
Current assets29/58€86k€55k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€82k€54k▼
Trade receivables40€25k€9k▼
Other amounts receivable41€58k€45k▼
Cash at bank and in hand54/58€2k€103▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€102k€56k▼
Equity10/15€70k€45k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€62k€37k▼
Amounts payable17/49€32k€11k▼
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€24k€11k▼
Current portion of amounts payable after more than one year42€6k-
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€89€90▲
Accrued charges and deferred income492/3€4-
Income statement
Code20212023
Non-recurring operating income76A€973-
Remuneration, social security and pensions62€38k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€560▼
Other operating charges640/8€2k€946▼
Non-recurring operating charges66A€372€0▼
Gross operating margin9900€53k€-63▼
Operating profit (loss)9901€6k€-3k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€581€162▼
Recurring financial charges65€581€162▼
Profit (loss) for the period before taxes9903€7k€-1k▼
Income taxes67/77€0€0=
Profit (loss) for the period9904€7k€-1k▼
Profit (loss) for the period to be appropriated9905€7k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€37k▼
Profit (loss) brought forward from the previous period14P€55k€38k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · FLEXFORCE BV ZWALUWEN- LAAN 9, 2270 HERENTHOUT · event 04-08-2025
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-28k ▼141%
Net result drops to €-28k, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Highest result since 2018net €70k ▲350%
Operating result €90k, net result €70k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herenthout · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zwaluwenlaan 92270 HerenthoutGround area
1,419 m²
Building footprint
297 m²
Volume, LiDAR
1,092 m³
Parcel 13012D0645/00T000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FLEXSTAFF
since 20182.280.400.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012D0645/00T000 | Flanders | 1,418 m² | 1 · 297 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
04-08-2025 → present |
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Of 7,292 companies in sector 43350 we hold annual accounts for 2,361. 1,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-09-2018
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
38110Waste collection, recovery and disposal activities
38210Materials recovery from waste
38211Waste collection, recovery and disposal activities
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.