FLEXI-BEL
ActiveSummary
The computed 12-month bankruptcy probability of FLEXI-BEL is 2.4% (moderate). The 2025 annual accounts show negative equity (-€187,294) and a net result of -€1,055. Equity is shrinking by ~12% per year across the filed fiscal years. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €325 | €325 | - | - | - | - |
| Other operating charges640/8 | €15,718 | €15,498 | €15,483 | €15,852 | €770 | ▼ 95.1% |
| Gross operating margin9900 | €1,100 | €1,465 | -€1,241 | -€1,024 | €96 | ▲ 109% |
| Operating profit (loss)9901 | -€14,944 | -€14,359 | -€16,724 | -€16,876 | -€674 | ▲ 96.0% |
| Financial charges65/66B | €2,172 | €1,744 | €1,310 | €985 | €381 | ▼ 61.3% |
| Recurring financial charges65 | €2,172 | €1,744 | €1,310 | €985 | €381 | ▼ 61.3% |
| Profit (loss) for the period before taxes9903 | -€17,116 | -€16,103 | -€18,034 | -€17,862 | -€1,055 | ▲ 94.1% |
| Profit (loss) for the period9904 | -€17,116 | -€16,103 | -€18,034 | -€17,862 | -€1,055 | ▲ 94.1% |
| Profit (loss) for the period to be appropriated9905 | -€17,116 | -€16,103 | -€18,034 | -€17,862 | -€1,055 | ▲ 94.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,992 | €30,335 | €15,337 | €201 | €241 | ▲ 19.7% |
| Fixed assets21/28 | €325 | €0 | €0 | - | - | - |
| Intangible fixed assets21 | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €325 | €0 | €0 | - | - | - |
| Land and buildings22 | €325 | €0 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €0 | - | - | - |
| Current assets29/58 | €45,666 | €30,335 | €15,337 | €201 | €241 | ▲ 19.7% |
| Cash at bank and in hand54/58 | €338 | €208 | €205 | €66 | €99 | ▲ 51.4% |
| Deferred charges and accrued income490/1 | €45,328 | €30,126 | €15,132 | €135 | €141 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,992 | €30,335 | €15,337 | €201 | €241 | ▲ 19.7% |
| Equity10/15 | -€134,240 | -€150,343 | -€168,376 | -€186,238 | -€187,294 | ▼ 0.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €104,637 | €104,637 | €104,637 | €104,637 | €104,637 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €102,777 | €102,777 | €102,777 | €102,777 | €102,777 | = |
| Profit (loss) carried forward14 | -€245,077 | -€261,179 | -€279,213 | -€297,075 | -€298,130 | ▼ 0.4% |
| Amounts payable17/49 | €180,231 | €180,677 | €183,713 | €186,439 | €187,534 | ▲ 0.6% |
| Amounts payable after more than one year17 | €45,437 | €30,671 | €12,734 | - | - | - |
| Financial debts170/4 | €45,437 | €30,671 | €12,734 | - | - | - |
| Amounts payable within one year42/48 | €134,794 | €150,006 | €170,979 | €186,439 | €187,534 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | €15,690 | €14,766 | €16,576 | €12,734 | - | - |
| Financial debts43 | - | €13 | - | - | - | - |
| Credit institutions430/8 | - | €13 | - | - | - | - |
| Trade debts44 | €0 | - | €303 | - | €487 | - |
| Suppliers440/4 | €0 | - | €303 | - | €487 | - |
| Other amounts payable47/48 | €119,104 | €135,227 | €154,100 | €173,705 | €187,047 | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,116 | -€16,103 | -€18,034 | -€17,862 | -€1,055 | ▲ 94.1% |
| + Depreciation and write-downs630 | €325 | €325 | - | - | - | - |
| Operating cash flow (approximation) | -€16,790 | -€15,777 | -€18,034 | -€17,862 | -€1,055 | ▲ 94.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€130 | -€3 | -€139 | €34 | ▲ 124% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098A0391/00T002 | Flanders | 186 m² | 1 · 138 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.