Age7 yrs
Real estate1 parcel · 1,419 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for Flexforce according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €45k and a net result of €-1k.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events08-08-2025
Bankruptcy
Opening
Trust signals
1 signalOpen bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
0 events
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1k
Working capital€45k-27.9%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 07-10-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 80.9% | 38.7% | |
| Net result | €-1k | €12k | |
| Equity | €45k | €30k | |
| Gross operating margin | €-63 | €33k | |
| Staff costs | €1k | €26k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-2k
-
far below sector median
€-1k
-
-14% vs sector
€-700
-
far below sector median
€56k
-45.4%
-71% vs sector
€45k
-35.8%
+123% vs sector
€45k
-27.9%
far above sector median
4
+20.0%
+67% vs sector
€1k
-97.2%
-99% vs sector
€0
-
-100% vs sector
€11k
-66.7%
-94% vs sector
€11k
-56.0%
-94% vs sector
€8k
-61.1%
-95% vs sector
5.20
+46.0%
far above sector median
5.20
+46.0%
far above sector median
80.9%
+17.7%
far above sector median
0.24
-48.2%
-98% vs sector
-2.8%
-
+49% vs sector
-2.3%
-
-233% vs sector
-12.82
-
-51% vs sector
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-2k |
| Net profit | €-1k |
| Cash flow | €-700 |
| Staff costs | €1k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €56k |
| Equity | €45k |
| Debt | €11k |
| of which ≤ 1y | €11k |
| of which > 1y | - |
| Working capital | €45k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 5.20 |
| Quick ratio | 5.20 |
| Working capital ratio | 80.1% |
| Solvency | 80.9% |
| Debt / equity | 0.24 |
| Long-term debt ratio | - |
| Interest coverage | -12.82 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.3% |
| ROE | -2.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €56k |
| Fixed assets | 21/28 | €467 |
| Intangible fixed assets | 21 | €467 |
| Current assets | 29/58 | €55k |
| Amounts receivable within one year | 40/41 | €54k |
| Cash & bank | 54/58 | €103 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €56k |
| Equity | 10/15 | €45k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €37k |
| Amounts payable | 17/49 | €11k |
| Amounts payable within one year | 42/48 | €11k |
| Trade debts payable within one year | 44 | €9k |
| Income statement | ||
| Gross operating margin | 9900 | €-63 |
| Operating result | 9901 | €-3k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €162 |
| Result before taxes | 9903 | €-1k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-1k |
| Result to be appropriated | 9905 | €-1k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
indexingNo directors on record yet
Directors and mandates usually appear here within 24 hours of publication in the Belgian State Gazette.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
04-08-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Overige werkzaamheden in verband met de afwerking van gebouwen(43350) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 27-09-2018 |
| Status | Active |
| Postal code | 2270 |
| First BS signal | 08-08-2025 |
| Latest BS signal | 08-08-2025 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Establishment units
1 locationFLEXSTAFF
since 20182.280.400.219
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,419 m²
Buildings1
Building footprint297 m²
Volume (LiDAR)1,092 m³
Tallest building6.5 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012D0645/00T000 | Flanders | 1,418 m² | 1 · 297 m² | 6.5 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette08-08-2025
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Address history · 1
22-12-2023
Registered-office move
All acts · 1
updated 2 years ago
2023
22-12-2023 Registered office moved within Herenthout
- 2270 Herenthout, Itegemse Steenweg 113 → 2270 Herenthout, Zwaluwenlaan 9
Analysis
Snowflake analysis
financial profile on 5 axes30
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
0
Solvency
100
Growth
52
Stability
0
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Inzameling van ongevaarlijk afval38110Inzameling van ongevaarlijk afval38110Terugwinning van materialen uit afval38210Voorbehandeling van ongevaarlijk afval met het oog op verwijdering38211Overige verwerking en verwijdering van ongevaarlijk afval38219Andere afvalverwijdering38330Gevelreiniging43992Overige reiniging van gebouwen; industriële reiniging81220
Primary activity highlighted.
Names & trade names
| Legal nameNL | Flexforce |
Registered office
Zwaluwenlaan 9
2270 Herenthout, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.