FLEXIMMO
ActiveSummary
FLEXIMMO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €234,002 and a net result of €21,666. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 61% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability53▲+48
Solvency70▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 2.47 in 2023; short-term debt: 54.5% and cash: 31.5% of total assets), and 54.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-12-2025, 127 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
127 d late
2023
216 d late
2022
207 d late
2021
78 d late
2020
90 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 135 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€234,002▲ 10.2%
2023 · €212,336
Total assets
€514,671▲ 42.6%
2023 · €360,880
Net result
€21,666
2023 · -€39,652
Working capital
€107,211▼ 33.7%
2023 · €161,612
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€7,671▼ 90.3%€15,439▲ 101%-€32,195-€36,946▼ 14.8%€27,346
Net result€7,004within the sector's middle half▼ 84.2%-€10,152below the sector's middle half-€35,952below the sector's middle half▼ 254%-€39,652below the sector's middle half▼ 10.3%€21,666within the sector's middle half
Equity€298,092within the sector's middle half▲ 2.4%€287,939within the sector's middle half▼ 3.4%€251,988within the sector's middle half▼ 12.5%€212,336within the sector's middle half▼ 15.7%€234,002within the sector's middle half▲ 10.2%
Total assets€551,102within the sector's middle half▲ 32.7%€547,740within the sector's middle half▼ 0.6%€368,493within the sector's middle half▼ 32.7%€360,880within the sector's middle half▼ 2.1%€514,671within the sector's middle half▲ 42.6%
Debt€253,011▲ 104%€259,801▲ 2.7%€116,505▼ 55.2%€148,545▲ 27.5%€280,669▲ 88.9%
Working capital€272,981▲ 5.4%€263,642▼ 3.4%€190,752▼ 27.6%€161,612▼ 15.3%€107,211▼ 33.7%
Solvency54.1%within the sector's middle half▼ 16.0pp52.6%within the sector's middle half▼ 1.5pp68.4%above the sector's middle half▲ 15.8pp58.8%within the sector's middle half▼ 9.5pp45.5%within the sector's middle half▼ 13.4pp
Staff (FTE)2.2above the sector's middle half▼ 18.5%2▼ 9.1%1.7▼ 15.0%1.3▼ 23.5%1.2▼ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €27,346 after a loss of €36,946 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €514,671
Fixed assets
€126,791 ▲ 41.9%
Current assets
€387,879 ▲ 42.8%
Equity and liabilities €514,671
Equity
€234,002 ▲ 10.2%
Debt
€280,669 ▲ 88.9%
Debt's share of the balance-sheet total rises from 41.2% to 54.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,552▲
2023 · -€26,728
Cash flow
€27,872▲
2023 · -€29,434
Current ratio
1.38▼
2023 · 2.47
Debt to equity
1.20▲
2023 · 0.70
ROE
9.3%▲
2023 · -18.7%
ROA
4.2%▲
2023 · -11.0%
Interest coverage
3.47▲
2023 · -4.60
Debt ≤ 1 year
€280,669▲
2023 · €109,939
Debt > 1 year
€0▼
2023 · €38,337
Income taxes
€744▼
2023 · €1,621
Staff costs
€28,220▼
2023 · €84,237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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% | 1.6% |
| 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 74% 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 16,986 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,248 | €143,458 | ▲ 3,277% |
| Remuneration, social security and pensions62 | - | €114,439 | €101,030 | €84,237 | €28,220 | ▼ 66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,194 | €8,619 | €12,022 | €10,218 | €6,206 | ▼ 39.3% |
| Other operating charges640/8 | - | €3,230 | €4,034 | €5,168 | €7,932 | ▲ 53.5% |
| Non-recurring operating charges66A | - | €2,110 | €1,714 | - | €3,044 | - |
| Gross operating margin9900 | €112,353 | €143,837 | €86,605 | €62,677 | €72,748 | ▲ 16.1% |
| Operating profit (loss)9901 | €7,671 | €15,439 | -€32,195 | -€36,946 | €27,346 | ▲ 174% |
| Financial income75/76B | - | €4 | €2,860 | €4,731 | €4,739 | ▲ 0.2% |
| Recurring financial income75 | €8,816 | €4 | €2,860 | €4,731 | €4,739 | ▲ 0.2% |
| Financial charges65/66B | - | €8,545 | €6,150 | €5,816 | €9,675 | ▲ 66.3% |
| Recurring financial charges65 | €3,292 | €8,545 | €6,150 | €5,816 | €9,675 | ▲ 66.3% |
| Profit (loss) for the period before taxes9903 | €13,195 | €6,897 | -€35,485 | -€38,031 | €22,410 | ▲ 159% |
| Income taxes67/77 | €6,191 | €17,050 | €467 | €1,621 | €744 | ▼ 54.1% |
| Profit (loss) for the period9904 | €7,004 | -€10,152 | -€35,952 | -€39,652 | €21,666 | ▲ 155% |
| Transfer from tax-exempt reserves789 | - | €30,750 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,004 | €20,598 | -€35,952 | -€39,652 | €21,666 | ▲ 155% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €551,102 | €547,740 | €368,493 | €360,880 | €514,671 | ▲ 42.6% |
| Fixed assets21/28 | €85,310 | €76,691 | €106,212 | €89,329 | €126,791 | ▲ 41.9% |
| Tangible fixed assets22/27 | €84,693 | €76,074 | €105,595 | €88,712 | €126,791 | ▲ 42.9% |
| Land and buildings22 | - | €72,046 | €69,437 | €66,828 | €120,439 | ▲ 80.2% |
| Plant, machinery and equipment23 | - | €3,678 | €2,265 | €1,513 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €350 | €33,892 | €20,371 | €6,353 | ▼ 68.8% |
| Financial fixed assets28 | €617 | €617 | €617 | €617 | €0 | ▼ 100% |
| Current assets29/58 | €465,792 | €471,049 | €262,281 | €271,551 | €387,879 | ▲ 42.8% |
| Amounts receivable after more than one year29 | - | €110,000 | €179,000 | €179,000 | €179,000 | = |
| Other amounts receivable291 | - | €110,000 | €179,000 | €179,000 | €179,000 | = |
| Stocks and contracts in progress3 | €141,650 | €178,822 | - | - | - | - |
| Stocks30/36 | - | €178,822 | - | - | - | - |
| Amounts receivable within one year40/41 | €222,544 | €81,040 | €44,768 | €60,189 | €41,941 | ▼ 30.3% |
| Trade receivables40 | - | €66,550 | €39,140 | €60,189 | €40,379 | ▼ 32.9% |
| Other amounts receivable41 | - | €14,490 | €5,628 | €0 | €1,562 | - |
| Cash at bank and in hand54/58 | €100,447 | €99,528 | €36,806 | €26,782 | €161,910 | ▲ 505% |
| Deferred charges and accrued income490/1 | - | €1,660 | €1,708 | €5,580 | €5,029 | ▼ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €551,102 | €547,740 | €368,493 | €360,880 | €514,671 | ▲ 42.6% |
| Equity10/15 | €298,092 | €287,939 | €251,988 | €212,336 | €234,002 | ▲ 10.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €279,492 | €269,339 | €233,388 | €193,736 | €215,402 | ▲ 11.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €267,479 | €231,528 | €191,876 | €213,542 | ▲ 11.3% |
| Amounts payable17/49 | €253,011 | €259,801 | €116,505 | €148,545 | €280,669 | ▲ 88.9% |
| Amounts payable after more than one year17 | €60,199 | €52,394 | €44,976 | €38,337 | €0 | ▼ 100% |
| Financial debts170/4 | - | €52,394 | €44,976 | €38,337 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €192,812 | €207,407 | €71,529 | €109,939 | €280,669 | ▲ 155% |
| Current portion of amounts payable after more than one year42 | - | €129,851 | €22,545 | €15,103 | €1,708 | ▼ 88.7% |
| Trade debts44 | €24,097 | €14,010 | €22,966 | €40,555 | €73,549 | ▲ 81.4% |
| Suppliers440/4 | - | €14,010 | €22,966 | €40,555 | €73,549 | ▲ 81.4% |
| Advances received on contracts in progress46 | - | €5,000 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €56,858 | €25,806 | €39,050 | €2,593 | ▼ 93.4% |
| Taxes450/3 | - | €36,438 | €16,220 | €28,402 | €2,593 | ▼ 90.9% |
| Remuneration and social security454/9 | - | €20,420 | €9,586 | €10,648 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1,688 | €212 | €15,231 | €202,819 | ▲ 1,232% |
| Accrued charges and deferred income492/3 | - | - | - | €269 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,004 | -€10,152 | -€35,952 | -€39,652 | €21,666 | ▲ 155% |
| + Depreciation and write-downs630 | €9,194 | €8,619 | €12,022 | €10,218 | €6,206 | ▼ 39.3% |
| Operating cash flow (approximation) | €16,198 | -€1,534 | -€23,930 | -€29,434 | €27,872 | ▲ 195% |
| Investment in fixed assets (approximation) | - | €0 | -€41,543 | €6,664 | -€43,668 | ▼ 755% |
| Change in cash | - | -€920 | -€62,722 | -€10,024 | €135,128 | ▲ 1,448% |
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
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 127 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 216 days late
2024
31-12
Financial
Back to profitnet €21,666
Net result €21,666 after 3 loss-making years.
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 207 days late
2023
31-12
Financial
Weakest financial yearnet -€39,652
Net result drops to -€39,652, the lowest in the series; recovery starts the following year.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 5.56
Current ratio from 1.70 to 5.56; short-term debt falls from €293,303 to €56,817.
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 121 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 2003
Ground area
133 m²
Building footprint
132 m²
Volume, LiDAR
1,255 m³
Parcel 34022G0032/00B000, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FLEXIMMO
since 20032.131.520.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0032/00B000 | Flanders | 133 m² | 1 · 132 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 5,110 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
Founded16-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
Phone
056/320032Kortrijk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479213058
Also
9925:BE0479213058
Registered
09-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.