FLEXIMUS
Open bankruptcySummary
A bankruptcy procedure is open for FLEXIMUS according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €174k and a net result of €-73k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 13-09-2024, 44 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
not confirmed
2024
not filed
2023
44 d late
2022
31 d late
2021
50 d late
2020
26 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€174k▼ 29.6%
2022 · €246k
2018: €169k
2019: €213k
2020: €253k
2021: €250k
2022: €246k
2018 → 2023
Total assets
€289k▼ 16.7%
2022 · €347k
2018: €383k
2019: €406k
2020: €447k
2021: €400k
2022: €347k
2018 → 2023
Net result
€-73k
2022 · €649
2018: €12k
2019: €39k
2020: €41k
2021: €13k
2022: €649
2018 → 2023
Working capital
€157k▼ 37.6%
2022 · €251k
2018: €112k
2019: €273k
2020: €294k
2021: €223k
2022: €251k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€213k-€253k▲ 19.1%€250k▼ 1.1%€246k▼ 1.6%€174k▼ 29.6%
Operating result€89k-€80k▼ 9.7%€44k▼ 45.6%€16k▼ 62.9%€-67k
Net result€39k-€41k▲ 3.0%€13k▼ 67.7%€649▼ 95.1%€-73k
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 turns negative in 2023: a loss of €67k after €16k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €289k
Fixed assets
€17k ▼ 27.4%
Current assets
€273k ▼ 15.9%
Equity and liabilities €289k
Equity
€174k ▼ 29.6%
Debt
€116k ▲ 14.8%
The debt ratio rises from 29.1% to 40.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-58k▼
2022 · €27k
Cash flow
€-65k▼
2022 · €11k
Current ratio
2.35▼
2022 · 4.42
Debt / equity
0.67▲
2022 · 0.41
ROE
-42.0%▼
2022 · 0.3%
ROA
-25.2%▼
2022 · 0.2%
Interest coverage
-7.87▼
2022 · 3.60
Debt ≤ 1 year
€116k▲
2022 · €73k
Income taxes
€916▼
2022 · €8k
Staff costs
€132k▼
2022 · €158k
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 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€347k€289k▼
Fixed assets21/28€23k€17k▼
Tangible fixed assets22/27€21k€15k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€13k€11k▼
Financial fixed assets28€2k€1k▼
Current assets29/58€324k€273k▼
Amounts receivable within one year40/41€301k€234k▼
Trade receivables40€169k€107k▼
Other amounts receivable41€132k€126k▼
Cash at bank and in hand54/58€23k€2k▼
Deferred charges and accrued income490/1€0€37k▲
Equity and liabilities
Total equity and liabilities10/49€347k€289k▼
Equity10/15€246k€174k▼
Contributions10/11€19k€19k=
Reserves13€181k€155k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€179k€155k▼
Profit (loss) carried forward14€47k€0▼
Amounts payable17/49€101k€116k▲
Amounts payable within one year42/48€73k€116k▲
Financial debts43-€27k
Credit institutions430/8-€27k
Trade debts44€12k€896▼
Suppliers440/4€12k€896▼
Taxes, remuneration and social security45€49k€28k▼
Taxes450/3€28k€7k▼
Remuneration and social security454/9€21k€21k▲
Other amounts payable47/48€12k€60k▲
Accrued charges and deferred income492/3€28k€0▼
Income statement
Code20222023
Remuneration, social security and pensions62€158k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€186k€76k▼
Operating profit (loss)9901€16k€-67k▼
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€9k€-72k▼
Income taxes67/77€8k€916▼
Profit (loss) for the period9904€649€-73k▼
Profit (loss) for the period to be appropriated9905€649€-73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€-26k▼
Profit (loss) brought forward from the previous period14P€47k€47k=
Transfer from equity791/2€5k€26k▲
Transfer to equity691/2€649€0▼
To other reserves6921€649€0▼
Profit to be distributed694/7€5k€0▼
Return on contributions (dividend)694€5k€0▼
Social balance
Average headcount (FTE)90872.22.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · FLEXIMUS BV LEUVENSE- STEENWEG 200/11, 3370 BOUTERSEM · event 22-05-2025
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 44 days late
2023
31-12
Financial
Weakest financial yearnet €-73k ▼11333%
Net result drops to €-73k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 50 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲3%
Net result €41k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.69
Current ratio from 1.53 to 3.69; short-term debt falls from €214k to €101k.
31-12
Financial
Equity above €200kEq €213k ▲26%
2 profitable years in a row build equity to €213k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial 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, Boutersem · 1 establishment unit since 2003
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.
Leuvensesteenweg 2003370 BoutersemGround area
6,586 m²
Building footprint
2,363 m²
Volume, LiDAR
23,703 m³
Parcel 24093C0023/00D000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FLEXIMUS BVBA
since 20032.134.510.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24093C0023/00D000 | Flanders | 6,586 m² | 1 · 2,363 m² | 11.4 m · 3 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 | WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
22-05-2025 → present |
| Curator | THOMAS
VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
22-05-2025 → present |
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,652 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2003
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.