FLEXIBELT
ActiveFLEXIBELT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252k and a net result of €116k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 32% of 476 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-6
Solvency51▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.21 in 2024; short-term debt: 46.1% and cash: 23.5% of total assets), and 74.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.7%
Return on assets
11.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
29 d late
2023
8 d early
2022
17 d early
2021
2 d early
2020
on the day
2019
81 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€252k=
2024 · €252k
2018: €151k
2019: €179k
2020: €130k
2021: €184k
2022: €240k
2023: €247k
2024: €252k
2018 → 2025
Total assets
€982k▼ 20.0%
2024 · €1.23M
2018: €224k
2019: €272k
2020: €481k
2021: €666k
2022: €821k
2023: €824k
2024: €1.23M
2018 → 2025
Net result
€116k▼ 43.3%
2024 · €205k
2018: €26k
2019: €27k
2020: €12k
2021: €190k
2022: €127k
2023: €238k
2024: €205k
2018 → 2025
Working capital
€123k▼ 11.7%
2024 · €139k
2018: €141k
2019: €103k
2020: €91k
2021: €105k
2022: €151k
2023: €151k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€184k-€240k▲ 30.9%€247k▲ 2.6%€252k▲ 2.2%€252k=
Operating result€249k-€156k▼ 37.4%€259k▲ 66.1%€230k▼ 11.1%€133k▼ 42.3%
Net result€190k-€127k▼ 33.5%€238k▲ 88.3%€205k▼ 13.8%€116k▼ 43.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €982k
Fixed assets
€406k▼ 5.0%
Current assets
€575k▼ 28.0%
Equity and liabilities €982k
Equity
€252k=
Debt
€729k▼ 25.2%
The debt ratio falls from 79.5% to 74.3%. Debt is lower.
Key figures and ratios
EBITDA
€208k▼
2024 · €285k
Cash flow
€192k▼
2024 · €261k
Solvency
25.7%▲
2024 · 20.5%
Current ratio
1.27▲
2024 · 1.21
Quick ratio
1.14▼
2024 · 1.14
Debt / equity
2.89▼
2024 · 3.87
ROE
46.2%▼
2024 · 81.5%
ROA
11.9%▼
2024 · 16.7%
Interest coverage
12.07▲
2024 · 11.30
Debt
€729k▼
2024 · €975k
Debt ≤ 1 year
€453k▼
2024 · €661k
Debt > 1 year
€276k▼
2024 · €312k
Income taxes
€483▲
2024 · €0
Staff costs
€151k▲
2024 · €149k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.23M€982k▼
Fixed assets21/28€428k€406k▼
Tangible fixed assets22/27€428k€406k▼
Land and buildings22€223k€244k▲
Plant, machinery and equipment23€174k€145k▼
Furniture and vehicles24€31k€17k▼
Current assets29/58€800k€575k▼
Stocks and contracts in progress3€44k€60k▲
Stocks30/36€44k€60k▲
Amounts receivable within one year40/41€289k€284k▼
Trade receivables40€169k€206k▲
Other amounts receivable41€121k€79k▼
Cash at bank and in hand54/58€461k€231k▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.23M€982k▼
Equity10/15€252k€252k=
Contributions10/11€19k€19k=
Reserves13€228k€228k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€226k€226k=
Profit (loss) carried forward14€5k€6k▲
Amounts payable17/49€975k€729k▼
Amounts payable after more than one year17€312k€276k▼
Financial debts170/4€312k€276k▼
Amounts payable within one year42/48€661k€453k▼
Current portion of amounts payable after more than one year42€69k€69k▼
Trade debts44€373k€229k▼
Suppliers440/4€373k€229k▼
Taxes, remuneration and social security45€19k€39k▲
Taxes450/3€0€20k▲
Remuneration and social security454/9€19k€19k▼
Other amounts payable47/48€200k€116k▼
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€149k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€75k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€436k€361k▼
Operating profit (loss)9901€230k€133k▼
Financial income75/76B€910€2k▲
Recurring financial income75€910€2k▲
Financial charges65/66B€25k€17k▼
Recurring financial charges65€25k€17k▼
Profit (loss) for the period before taxes9903€205k€117k▼
Income taxes67/77€0€483▲
Profit (loss) for the period9904€205k€116k▼
Profit (loss) for the period to be appropriated9905€205k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€205k€122k▼
Profit (loss) brought forward from the previous period14P-€5k
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€200k€116k▼
Return on contributions (dividend)694€0-
Directors or managers695€200k€116k▼
Social balance
Average headcount (FTE)90872.12.1=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €238k ▲88.3%
Operating result €259k, net result €238k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €240k ▲30.9%
5 profitable years in a row build equity to €240k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €184k ▲40.9%
4 profitable years in a row build equity to €184k.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12k ▼55.7%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
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.
Directors · office · real estate
Directors
5 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, Kortenberg · 1 establishment unit since 2010
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.
Karel Van Miertstraat 43070 KortenbergGround area
2.0 ha
Building footprint
4,871 m²
Parcel 24055A0217/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
FLEXIBELT
since 20102.189.521.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0217/00A000 | Flanders | 2.0 ha | 1 · 4,871 m² | - |
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.
Similar companies · same sector, comparable size
HEFIMO
BE 0449.350.025
Brakel · Eq €253k
GILLTECH
BE 0462.613.784
Theux · Eq €251k
VANDEBROUCK DANNY
BE 0817.546.880
Tongeren-Borgloon · Eq €251k
SPRL Agrimathur
BE 0824.553.250
Jurbise · Eq €254k
ELMEC-FST
BE 0727.825.147
Brugge · Eq €251k
Of 3,714 companies in sector 33120 we hold annual accounts for 1,341. 1,085 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2010
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
22120Manufacture of rubber and plastic products
28150Manufacture of machinery and equipment not elsewhere classified
28220Manufacture of machinery and equipment not elsewhere classified
33190Repair, maintenance and installation of machinery and equipment
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.