FLEXIBLE ROBOTIC SOLUTIONS

Open bankruptcy

Private limited companyfounded 2013KBO/BCE: BE 0534.835.729

A bankruptcy procedure is open for FLEXIBLE ROBOTIC SOLUTIONS according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €61k and a net result of €-36k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-09-2024, 40 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

40 d late

2022

7 d late

2021

30 d late

2020

3 d late

2019

39 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Turnover

€319k

EBIT margin

-1.2%

Net result

€-36k▼ 641%

2022 · €-5k

2018: €13k 2019: €14k 2020: €219 2021: €-16k 2022: €-5k

2018 → 2023

Working capital

€38k▼ 57.8%

2022 · €89k

2018: €121k 2019: €113k 2020: €161k 2021: €132k 2022: €89k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€319k

Equity€98k-€98k▲ 0.2%€102k▲ 3.7%€97k▼ 4.8%€61k▼ 37.1%

Operating result€23k-€360▼ 98.4%€-4k€184€-32k

Net result€14k-€219▼ 98.5%€-16k€-5k▲ 69.3%€-36k▼ 641%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2023: a loss of €32k after €184 in 2022, the lowest result in the available series.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €132k

26.8%

73.2%

Fixed assets €35k▼ 18.9%

Current assets €97k▼ 45.1%

Equity and liabilities €132k

46.2%

53.8%

Equity €61k▼ 37.1%

Debt €71k▼ 42.0%

The debt ratio falls from 55.8% to 53.8%. Equity and debt are lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-16k▼

2022 · €15k

Cash flow

€-20k▼

2022 · €10k

Solvency

46.2%▲

2022 · 44.2%

Current ratio

1.64▼

2022 · 2.03

Quick ratio

1.64▼

2022 · 2.03

Debt / equity

1.16▼

2022 · 1.26

ROE

-59.0%▼

2022 · -5.0%

ROA

-27.3%▼

2022 · -2.2%

Interest coverage

-3.89▼

2022 · 4.11

Debt

€71k▼

2022 · €122k

Debt ≤ 1 year

€59k▼

2022 · €86k

Debt > 1 year

€12k▼

2022 · €36k

Staff costs

€256k▲

2022 · €252k

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 2022

Balance sheet Code20222023

Assets

Total assets20/58€219k€132k▼

Fixed assets21/28€44k€35k▼

Intangible fixed assets21€38k€34k▼

Tangible fixed assets22/27€5k€1k▼

Furniture and vehicles24€5k€1k▼

Financial fixed assets28€450€450=

Current assets29/58€176k€97k▼

Amounts receivable within one year40/41€112k€92k▼

Trade receivables40€54k-

Other amounts receivable41€57k€92k▲

Cash at bank and in hand54/58€64k€5k▼

Equity and liabilities

Total equity and liabilities10/49€219k€132k▼

Equity10/15€97k€61k▼

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Reserves13€3k€3k=

Non-distributable reserves130/1€3k€3k=

Legal reserve130€3k€3k=

Profit (loss) carried forward14€75k€39k▼

Amounts payable17/49€122k€71k▼

Amounts payable after more than one year17€36k€12k▼

Financial debts170/4€36k€12k▼

Amounts payable within one year42/48€86k€59k▼

Current portion of amounts payable after more than one year42€20k€44k▲

Trade debts44€66k€5k▼

Suppliers440/4€66k€5k▼

Taxes, remuneration and social security45-€645

Taxes450/3-€587

Remuneration and social security454/9-€58

Other amounts payable47/48-€10k

Income statement Code20222023

Remuneration, social security and pensions62€252k€256k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲

Other operating charges640/8€788€3k▲

Gross operating margin9900€268k€242k▼

Operating profit (loss)9901€184€-32k▼

Financial income75/76B€151€59▼

Recurring financial income75€151€59▼

Financial charges65/66B€4k€4k▲

Recurring financial charges65€4k€4k▲

Profit (loss) for the period before taxes9903€-3k€-36k▼

Income taxes67/77€2k-

Profit (loss) for the period9904€-5k€-36k▼

Profit (loss) for the period to be appropriated9905€-5k€-36k▼

Appropriation of the result

Profit (loss) to be appropriated9906€75k€39k▼

Profit (loss) brought forward from the previous period14P€80k€75k▼

Social balance

Average headcount (FTE)90873.02.9▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 1Financial 3Filings 10

2024

18-12

Bankruptcy Opening

Ondernemingsrechtbank Leuven · FLEXIBLE ROBOTIC SOLU- TIONS BV KAPELDREEF 60, 3001 HEVERLEE · event 12-12-2024

09-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 40 days late

2023

31-12

Financial Weakest financial yearnet €-36k

Net result drops to €-36k, the lowest in the series.

07-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 7 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

31-12

Financial Equity above €100kEq €102k ▲3.7%

Equity rises from €98k to €102k.

03-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 3 days late

2020

08-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 39 days late

2019

31-12

Financial Highest result since 2018net €14k ▲13.7%

Operating result €23k, net result €14k, both a record.

27-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

14-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

04-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 4 days late

2015

21-09

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 52 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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

1 establishment unit since 2013

establishment The establishment unit on the map

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.

Ground area

8,837 m²

Building footprint

2,096 m²

Volume, LiDAR

12,516 m³

Parcel 24040C0005/00F000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

FLEXIBLE ROBOTIC SOLUTIONS

IT consultancy

since 20132.221.349.092

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24040C0005/00F000	Flanders	8,837 m²	1 · 2,096 m²	8.1 m · 2 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

2 mandates

Role	Name	Tenure
Curator	ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61, 3290 DIEST ↔ Also on 260 other cases	12-12-2024 → present
Curator	ELS VAN ERUM ENGELAND- STRAAT 61, 3290 DIEST	12-12-2024 → present