Summary
FLEXIA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €266,709 and a net result of €182,831. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 1502 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
21 d late
2023
6 d late
2022
17 d late
2021
29 d late
2020
24 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€266,709▼ 13.9%
2024 · €309,828
Net result
€182,831▲ 20.5%
2024 · €151,694
Total assets
€745,392▲ 8.7%
2024 · €686,001
Solvency
35.8%▼ 9.4pp
2024 · 45.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€131,310▲ 107%€124,107▼ 5.5%€194,053▲ 56.4%€221,508▲ 14.1%€239,815▲ 8.3%
Net result€88,179within the sector's middle half▲ 103%€82,797within the sector's middle half▼ 6.1%€141,331within the sector's middle half▲ 70.7%€151,694within the sector's middle half▲ 7.3%€182,831within the sector's middle half▲ 20.5%
Equity€141,006within the sector's middle half▲ 10.3%€129,803within the sector's middle half▼ 7.9%€271,134within the sector's middle half▲ 109%€309,828within the sector's middle half▲ 14.3%€266,709within the sector's middle half▼ 13.9%
Total assets€672,149within the sector's middle half▲ 3.9%€602,639within the sector's middle half▼ 10.3%€644,054within the sector's middle half▲ 6.9%€686,001within the sector's middle half▲ 6.5%€745,392within the sector's middle half▲ 8.7%
Debt€531,143▲ 2.4%€472,836▼ 11.0%€372,920▼ 21.1%€376,172▲ 0.9%€478,683▲ 27.3%
Working capital€10,860within the sector's middle half▲ 1,720%€12,623within the sector's middle half▲ 16.2%€117,911within the sector's middle half▲ 834%€154,042within the sector's middle half▲ 30.6%€204,885within the sector's middle half▲ 33.0%
Solvency21.0%within the sector's middle half▲ 1.2pp21.5%within the sector's middle half▲ 0.6pp42.1%within the sector's middle half▲ 20.6pp45.2%within the sector's middle half▲ 3.1pp35.8%within the sector's middle half▼ 9.4pp
Current ratio1.05within the sector's middle half▲ 0.051.06within the sector's middle half▲ 0.011.65within the sector's middle half▲ 0.601.75within the sector's middle half▲ 0.101.72within the sector's middle half▼ 0.03
Return on assets (ROA)13.1%within the sector's middle half▲ 6.4pp13.7%within the sector's middle half▲ 0.6pp21.9%above the sector's middle half▲ 8.2pp22.1%above the sector's middle half▲ 0.2pp24.5%above the sector's middle half▲ 2.4pp
Staff (FTE)4.3within the sector's middle half▲ 10.3%4.3within the sector's middle half=4.9within the sector's middle half▲ 14.0%5.1within the sector's middle half▲ 4.1%6.2within the sector's middle half▲ 21.6%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €745,392
Fixed assets
€257,055 ▼ 21.6%
Current assets
€488,337 ▲ 36.3%
Equity and liabilities €745,392
Equity
€266,709 ▼ 13.9%
Debt
€478,683 ▲ 27.3%
Debt's share of the balance-sheet total rises from 54.8% to 64.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
68.6%▲
2024 · 49.0%
Debt ≤ 1 year
€283,451▲
2024 · €204,183
Debt > 1 year
€195,232▲
2024 · €171,989
Income taxes
€49,223▼
2024 · €61,989
Staff costs
€344,579▲
2024 · €285,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,614 | €3,680 | - | €5,698 | - | - |
| Remuneration, social security and pensions62 | €176,490 | €177,770 | €228,025 | €285,007 | €344,579 | ▲ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,476 | €81,681 | €82,700 | €86,358 | €86,227 | ▼ 0.2% |
| Other operating charges640/8 | €12,653 | €13,218 | €7,645 | €65,222 | €9,881 | ▼ 84.9% |
| Non-recurring operating charges66A | €2,035 | - | - | €25,513 | - | - |
| Gross operating margin9900 | €400,963 | €396,775 | €512,422 | €683,607 | €680,502 | ▼ 0.5% |
| Operating profit (loss)9901 | €131,310 | €124,107 | €194,053 | €221,508 | €239,815 | ▲ 8.3% |
| Financial income75/76B | €671 | €185 | €655 | €1,119 | €3,985 | ▲ 256% |
| Recurring financial income75 | €671 | €185 | €655 | €1,119 | €3,985 | ▲ 256% |
| Financial charges65/66B | €5,075 | €4,002 | €3,888 | €8,944 | €11,746 | ▲ 31.3% |
| Recurring financial charges65 | €5,075 | €4,002 | €3,888 | €8,944 | €11,746 | ▲ 31.3% |
| Profit (loss) for the period before taxes9903 | €126,906 | €120,290 | €190,820 | €213,683 | €232,054 | ▲ 8.6% |
| Income taxes67/77 | €38,727 | €37,493 | €49,488 | €61,989 | €49,223 | ▼ 20.6% |
| Profit (loss) for the period9904 | €88,179 | €82,797 | €141,331 | €151,694 | €182,831 | ▲ 20.5% |
| Transfer to tax-exempt reserves689 | - | - | €70,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €88,179 | €82,797 | €71,331 | €151,694 | €182,831 | ▲ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €672,149 | €602,639 | €644,054 | €686,001 | €745,392 | ▲ 8.7% |
| Fixed assets21/28 | €453,425 | €376,028 | €345,960 | €327,776 | €257,055 | ▼ 21.6% |
| Intangible fixed assets21 | €344,820 | €286,586 | €240,246 | €180,386 | €120,796 | ▼ 33.0% |
| Tangible fixed assets22/27 | €108,605 | €89,442 | €105,713 | €147,390 | €136,260 | ▼ 7.6% |
| Land and buildings22 | - | - | €40,178 | - | - | - |
| Plant, machinery and equipment23 | €24,155 | €21,088 | €18,020 | €15,361 | €13,096 | ▼ 14.7% |
| Furniture and vehicles24 | €11,988 | €8,849 | €2,678 | €11,062 | €18,524 | ▲ 67.5% |
| Leasing and similar rights25 | €5,666 | €2,833 | - | - | - | - |
| Other tangible fixed assets26 | €66,795 | €56,672 | €44,837 | €120,967 | €104,639 | ▼ 13.5% |
| Current assets29/58 | €218,724 | €226,611 | €298,095 | €358,225 | €488,337 | ▲ 36.3% |
| Amounts receivable after more than one year29 | - | - | - | €66,613 | - | - |
| Other amounts receivable291 | - | - | - | €66,613 | - | - |
| Amounts receivable within one year40/41 | €72,816 | €67,660 | €104,825 | €226,880 | €86,884 | ▼ 61.7% |
| Trade receivables40 | €56,543 | €63,018 | €101,863 | €73,243 | €74,707 | ▲ 2.0% |
| Other amounts receivable41 | €16,273 | €4,642 | €2,962 | €153,637 | €12,177 | ▼ 92.1% |
| Current investments50/53 | - | - | - | - | €89,311 | - |
| Cash at bank and in hand54/58 | €139,325 | €152,377 | €188,059 | €60,715 | €305,107 | ▲ 403% |
| Deferred charges and accrued income490/1 | €6,583 | €6,574 | €5,211 | €4,017 | €7,035 | ▲ 75.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €672,149 | €602,639 | €644,054 | €686,001 | €745,392 | ▲ 8.7% |
| Equity10/15 | €141,006 | €129,803 | €271,134 | €309,828 | €266,709 | ▼ 13.9% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,548 | €2,548 | €72,548 | €72,548 | €161,859 | ▲ 123% |
| Non-distributable reserves130/1 | €2,548 | €2,548 | €2,548 | €2,548 | €2,548 | = |
| Reserves not available under the articles1311 | €2,548 | €2,548 | €2,548 | €2,548 | €2,548 | = |
| Tax-exempt reserves132 | - | - | €70,000 | €70,000 | €70,000 | = |
| Distributable reserves133 | - | - | - | - | €89,311 | - |
| Profit (loss) carried forward14 | €119,866 | €108,663 | €179,995 | €218,689 | €86,259 | ▼ 60.6% |
| Amounts payable17/49 | €531,143 | €472,836 | €372,920 | €376,172 | €478,683 | ▲ 27.3% |
| Amounts payable after more than one year17 | €323,279 | €258,317 | €192,736 | €171,989 | €195,232 | ▲ 13.5% |
| Financial debts170/4 | €323,279 | €258,317 | €192,736 | €171,989 | €195,232 | ▲ 13.5% |
| Amounts payable within one year42/48 | €207,864 | €213,987 | €180,184 | €204,183 | €283,451 | ▲ 38.8% |
| Current portion of amounts payable after more than one year42 | €85,416 | €77,946 | €78,178 | €122,095 | €80,983 | ▼ 33.7% |
| Trade debts44 | €14,340 | €7,223 | €41,070 | €26,761 | €9,127 | ▼ 65.9% |
| Suppliers440/4 | €14,340 | €7,223 | €41,070 | €26,761 | €9,127 | ▼ 65.9% |
| Taxes, remuneration and social security45 | €32,933 | €34,642 | €43,877 | €55,262 | €63,299 | ▲ 14.5% |
| Taxes450/3 | €6,197 | €8,812 | €8,550 | €12,558 | €14,429 | ▲ 14.9% |
| Remuneration and social security454/9 | €26,736 | €25,830 | €35,327 | €42,704 | €48,870 | ▲ 14.4% |
| Other amounts payable47/48 | €75,175 | €94,177 | €17,059 | €65 | €130,042 | ▲ 199,872% |
| Accrued charges and deferred income492/3 | - | €531 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,179 | €82,797 | €141,331 | €151,694 | €182,831 | ▲ 20.5% |
| + Depreciation and write-downs630 | €78,476 | €81,681 | €82,700 | €86,358 | €86,227 | ▼ 0.2% |
| Operating cash flow (approximation) | €166,655 | €164,478 | €224,031 | €238,052 | €269,058 | ▲ 13.0% |
| Investment in fixed assets (approximation) | - | -€4,285 | -€52,631 | -€68,174 | -€15,507 | ▲ 77.3% |
| Change in cash | - | €13,052 | €35,682 | -€127,344 | €244,392 | ▲ 292% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €182,831 ▲20.5%
Operating result €239,815, net result €182,831, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 6 days late
2023
31-12
Financial
Equity above €200,000Eq €271,134 ▲109%
6 profitable years in a row build equity to €271,134.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €34,007 ▼14.4%
Net result drops to €34,007, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Waimes · 2 establishment units since 1999
Ground area
2,331 m²
Building footprint
521 m²
2 parcels, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Rue de Hottleux 76, 4950 Waimes
since 19992.090.630.310
Avenue de la Salm 42, 6690 Vielsalm
since 20192.314.213.528
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032E0538/00X004 | Wallonia | 1,199 m² | 1 · 361 m² | - |
| 63080M0108/00B000 | Wallonia | 1,132 m² | 1 · 161 m² | - |
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.
Structure & network
Owners and holdings
4 ownersChain of control
- BLAISE-HIGNY
- FLEXIA
Highest known parent: BLAISE-HIGNY. The sources do not say who stands above it.
Owners 4
- BLAISE-HIGNYparent59.73%
-
33%
-
30%
- Sourceaccounts BCA 202410.13%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,765 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
Founded29-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
Phone
080672080
Fax
080672100
Website
www.cbcagent.be/agenceblaise-hignyWaimes
E-mail
agence.bh@assur.cbc.beWaimes
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463678707
Also
9925:BE0463678707
Registered
28-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.