FLEXINDUS
ActiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FLEXINDUS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €351,169 and a net result of €149,955. Equity has been growing by about 67% per year since 2021. Its solvency ranks better than 38% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 30-08-2021 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 6 others
- Establishment unit
- 2.320.825.067 4654 Herve, since 01-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €259,922
- ▲ 171%
- Turnover
- ≈ €670,000
- estimated
- Profit
- €149,955
- ▲ 387%
- Equity
- €351,169
- ▲ 44.9%
- Total assets
- €868,974
- ▲ 36.9%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSize: total assets €868,974Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Figures for financial year 2025 (filed on 23-05-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 39% of them on solvency, 28% on liquidity, 65% on profitability and 80% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 5 accounts on average 32 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-05-2026 PDF all 5 filings
2021 to 2025, 5 financial years
The operating result for 2025 is 3.5 times that of 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as FLEXINDUS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €569,000 and €927,000, founded between 2019 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FLEXINDUS Blégny | 2021 | €868,974 | €351,169 | €259,922 | €149,955 | - | 2025 |
| ROMBE PARTNERING Bonheiden | 2021 | €837,532 | €815,253 | €283,617 | €193,294 | - | 2025 |
| JACOS MANAGEMENT & CONSULTING Lasne | 2021 | €783,054 | €560,583 | €245,996 | €133,563 | - | 2025 |
| Mijn Asbest Attest Lievegem | 2021 | €926,774 | €356,505 | €229,795 | €121,279 | - | 2026 |
| APO-GEE ENGINEERING Seraing | 2022 | €569,281 | €268,512 | €286,663 | €217,705 | - | 2025 |
| FREMEN Geo Esneux | 2019 | €726,678 | €543,433 | €311,050 | -€66,207 | 4.9 | 2025 |
| FD EXPERTISES Malmedy | 2021 | €571,080 | €403,281 | €344,158 | €129,314 | 2.6 | 2025 |
They were chosen from the 6,768 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,782 companies had the same profile as FLEXINDUS has now. Two years later, 0.6% had gone bankrupt and 96.7% were still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FLEXINDUS itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for FLEXINDUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €186 | €1,782 | €1,951 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,583 | €12,599 | €10,677 | €29,979 | €45,106 | ▲ 50.5% |
| Other operating charges640/8 | €781 | €1,040 | €813 | €4,222 | €5,679 | ▲ 34.5% |
| Gross operating margin9900 | €67,287 | €29,363 | €315,530 | €95,759 | €259,922 | ▲ 171% |
| Operating profit (loss)9901 | €60,924 | €15,537 | €302,257 | €59,607 | €209,136 | ▲ 251% |
| Financial income75/76B | - | €0 | €2,270 | €276 | €1 | ▼ 99.6% |
| Recurring financial income75 | - | €0 | €2,270 | €276 | €1 | ▼ 99.6% |
| Non-recurring financial income76B | - | €0 | €0 | - | - | - |
| Financial charges65/66B | €192 | €1,288 | €8,919 | €26,235 | €14,535 | ▼ 44.6% |
| Recurring financial charges65 | €192 | €455 | €227 | €15,739 | €14,535 | ▼ 7.6% |
| Non-recurring financial charges66B | - | €834 | €8,693 | €10,496 | - | - |
| Profit (loss) for the period before taxes9903 | €60,732 | €14,249 | €295,608 | €33,649 | €194,603 | ▲ 478% |
| Income taxes67/77 | €16,369 | €5,131 | €70,476 | €2,871 | €44,648 | ▲ 16× |
| Profit (loss) for the period9904 | €44,363 | €9,118 | €225,132 | €30,777 | €149,955 | ▲ 387% |
| Profit (loss) for the period to be appropriated9905 | €44,363 | €9,118 | €225,132 | €30,777 | €149,955 | ▲ 387% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,670 | €168,278 | €401,517 | €634,601 | €868,974 | ▲ 36.9% |
| Fixed assets21/28 | €61,417 | €60,191 | €98,364 | €463,760 | €483,319 | ▲ 4.2% |
| Intangible fixed assets21 | €35,790 | €31,990 | €28,190 | €24,390 | €20,590 | ▼ 15.6% |
| Tangible fixed assets22/27 | €25,627 | €27,701 | €69,469 | €438,665 | €462,024 | ▲ 5.3% |
| Land and buildings22 | - | - | - | €364,694 | €347,639 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | €11,323 | €14,611 | €27,664 | ▲ 89.3% |
| Furniture and vehicles24 | €25,627 | €27,701 | €58,146 | €59,360 | €86,720 | ▲ 46.1% |
| Financial fixed assets28 | - | €500 | €705 | €705 | €705 | = |
| Current assets29/58 | €86,253 | €108,087 | €303,152 | €170,841 | €385,655 | ▲ 126% |
| Stocks and contracts in progress3 | - | €9,548 | €11,900 | €49,231 | €49,606 | ▲ 0.8% |
| Stocks30/36 | - | €9,548 | €11,900 | €49,231 | €49,606 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €32,320 | €34,860 | €191,121 | €40,509 | €281,583 | ▲ 595% |
| Trade receivables40 | €32,182 | €30,344 | €142,645 | €27,667 | €249,177 | ▲ 801% |
| Other amounts receivable41 | €138 | €4,516 | €48,476 | €12,843 | €32,407 | ▲ 152% |
| Cash at bank and in hand54/58 | €53,886 | €63,098 | €97,281 | €63,564 | €45,647 | ▼ 28.2% |
| Deferred charges and accrued income490/1 | €47 | €581 | €2,850 | €17,537 | €8,819 | ▼ 49.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,670 | €168,278 | €401,517 | €634,601 | €868,974 | ▲ 36.9% |
| Equity10/15 | €49,363 | €58,481 | €231,613 | €242,391 | €351,169 | ▲ 44.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €40,000 | €49,000 | €49,000 | €49,000 | €49,000 | = |
| Distributable reserves133 | €40,000 | €49,000 | €49,000 | €49,000 | €49,000 | = |
| Profit (loss) carried forward14 | €4,363 | €4,481 | €177,613 | €188,391 | €297,169 | ▲ 57.7% |
| Amounts payable17/49 | €98,307 | €109,797 | €169,904 | €392,210 | €517,805 | ▲ 32.0% |
| Amounts payable after more than one year17 | €24,446 | €0 | - | €332,002 | €315,790 | ▼ 4.9% |
| Financial debts170/4 | €24,446 | €0 | - | €332,002 | €315,790 | ▼ 4.9% |
| Amounts payable within one year42/48 | €73,861 | €109,797 | €169,875 | €59,925 | €200,480 | ▲ 235% |
| Current portion of amounts payable after more than one year42 | €2,013 | €0 | - | €25,746 | €31,247 | ▲ 21.4% |
| Trade debts44 | €4,966 | €84,179 | €44,363 | €12,171 | €108,451 | ▲ 791% |
| Suppliers440/4 | €4,966 | €84,179 | €44,363 | €12,171 | €108,451 | ▲ 791% |
| Taxes, remuneration and social security45 | €21,201 | €21,500 | €80,558 | €4,456 | €25,058 | ▲ 462% |
| Taxes450/3 | €20,900 | €21,500 | €78,356 | €4,456 | €20,491 | ▲ 360% |
| Remuneration and social security454/9 | €301 | €0 | €2,203 | €0 | €4,567 | - |
| Other amounts payable47/48 | €45,681 | €4,118 | €44,954 | €17,551 | €35,724 | ▲ 104% |
| Accrued charges and deferred income492/3 | - | - | €28 | €284 | €1,534 | ▲ 441% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,363 | €9,118 | €225,132 | €30,777 | €149,955 | ▲ 387% |
| + Depreciation and write-downs630 | €5,583 | €12,599 | €10,677 | €29,979 | €45,106 | ▲ 50.5% |
| Operating cash flow (approximation) | €49,946 | €21,717 | €235,809 | €60,757 | €195,061 | ▲ 221% |
| Investment in fixed assets (approximation) | - | -€11,373 | -€48,850 | -€395,375 | -€64,665 | ▲ 83.6% |
| Change in cash | - | €9,211 | €34,184 | -€33,718 | -€17,917 | ▲ 46.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-05-2026 | 2026-00118858 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00256018 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00220445 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00182172 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20263804 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-11-2022 Capital stated in the deed · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d’administration, un ou plusieurs administrateurs”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs, proportionnellement au nombre d’actions acquises s’ils sont…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Actions restantes offertes par priorité aux actionnaires ayant déjà exercé la totalité de leur droit, jusqu’à émission entièrement souscrite…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, en tout temps”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Quelque cause et moment, si aucun autre liquidateur désigné”
Articles of association, deed of 06-07-2026 (in French)
Network & group
FLEXINDUS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FLEXINDUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-07
Gazette deed
Amendment of the articlesRegistered-office move · Power of attorney5 points ▸
- General meeting, 11-06-2026
- Registered-office move, Rue de Légipont 15/025,4671 Blégny
- Amendment of the articles, 2
- Power of attorney
- Power of attorney, Véronique de SAUVAGE VERCOUR
01-07
Gazette deed
Registered office · MiscellaneousRegistered-office move · Power of attorney5 points ▸
- General meeting, 11-06-2026
- Registered-office move, 4671 Blégny(Barchon),Route de Légipont,15/025
- Power of attorney, Véronique DE SAUVAGE VERCOUR
- Other provision, “opschorting algemene vergadering, ander deel vergadering laten plaatsvinden,vertaling statuten mogelijk maken” (deed in Dutch)
- Other provision, “stemming, eenparigheid van stemmen” (deed in Dutch)
28-11
Gazette deed
Purpose · Amendment of the articlesPurpose change · Capital · Registered office clause8 points ▸
- General meeting, 07-11-2022
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “samenhangende authentieke akten, één geheel om samen als authentieke akte te gelden” (deed in Dutch)
- Purpose change
- Capital
- Registered office clause, “3090 Overijse,Brusselsesteenweg 292” (deed in Dutch)
- Power of attorney
- Power of attorney, Maarten BUNKENS
24-11
Gazette deed
Registered officeRegistered-office move3 points ▸
- General meeting, 07-11-2022
- Registered-office move, 3090 Overijse,Brusseisesteenweg 292
- Other provision, “à l'unanimité, modification de la langue des statuts” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202513 activities
- L’étude et la réalisation de tous travaux de construction, publics et privés, en qualité d’entrepreneur général ou en sous-traitance, la conception et la construction de tous bâtiments et édifices, l’étude et la réalisation de décorations tant intérieures qu’extérieures, et notamment : les activités d’ingénierie et de conseils techniques sauf les activités des géomètres, les autres activités de constructions spécialisées, les travaux de finition, la construction générale d’autres bâtiments non résidentiels, la peinture de bâtiments, la pose de carrelages en céramique, en béton ou en pierre de taille, la pose de chapes, la pose de papiers peints et de revêtement des murs et des sols en d’autres matériaux, les travaux de démolition, les travaux de maçonnerie et de rejointoiement, les travaux de menuiserie, les travaux de plâtrerie, la pose de revêtements en bois, les peintures, les travaux d’étanchéification des murs, les travaux d’isolation et les services d’aménagement paysager
- Toutes activités commerciales en rapport son objet et notamment : le commerce de gros de carrelages, le commerce de gros de matériaux de construction, assortiment général, le commerce de gros de papiers peints, de peintures et de tissus d’ameublement, le commerce de gros de produits chimiques industriels, le commerce de gros de produits d’entretien, location d’outillage et de matériel de bricolage
- Toutes activités d’élevage, d’hébergement et d’enseignement en rapport avec son objet et notamment : les activités de dressage pour animaux de compagnie, l’aquaculture en eau douce, la culture et l’élevage associés, l’élevage de chameaux et d’autres camélidés, l’élevage de chevaux et d’autres équidés, l’élevage d’ovins et de caprins, l’enseignement de disciplines sportives et d’activités de loisirs et notamment les activités de club équestre, l’hébergement d’animaux de compagnie ; l’hébergement d’animaux de compagnie
- L’acquisition de tous terrains, la construction de tous bâtiments publics et particuliers, l’achat, la vente, la location, la division et le lotissement de tous immeubles
- Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca, l'organisation de banquets, réceptions, séminaires, séjours de loisir, le service traiteur, y compris l'organisation, la gestion et l'exploitation de restaurants, cafétérias, débits de boissons, exploitation de tout service de restauration rapide, services de plats à emporter, de formations culinaires, de dégustation, la livraison à domicile et la vente ambulante ainsi que toutes opérations de tourisme, d'hôtellerie, de chambres d’hôte, de gîtes de vacances, d’appartements et de meublés de vacances, tout hébergement touristique ou autre hébergement de courte durée, de divertissements et de loisirs, sans que cette énumération ne soit limitative; en ce compris la gestion de personnel et la promotion des évènements dans le cadre des activités mentionnées
- Conseil en gestion
- Activités relatives à la représentation et à l'agence d'artistes, de sportifs et autres personnalités publiques
- Toutes les activités du secteur immobilier au sens le plus large du terme, telles que l'achat, la vente, la location, la gestion et l'exploitation de tous les immeubles, ainsi que leur construction, restauration, exploitation ou aménagement
- L’achat, la vente, la location, l’importation, l’exportation de tous matériaux, marchandises, appareils et outillages nécessaires aux travaux de construction, d’entretien, de maintenance, de réparation et de renouvellement des ouvrages d’art et bâtiments
- Et généralement toutes opérations commerciales, industrielles, mobilières, immobilières ou financières se rattachant directement ou indirectement à l’industrie des travaux publics et privés
- Elle peut notamment s’intéresser par voie d’apport, de fusion, de souscription, d’intervention financière ou par tout autre mode, dans toutes sociétés ou entreprises, en Belgique ou à l’étranger, ayant en tout ou en partie, un objet similaire ou connexe au sien ou susceptible d’en favoriser l’extension et le développement
- Elle peut prêter à toutes sociétés et se porter caution pour elles, même hypothécairement
- Elle peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0773.317.355
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63015A0899/00E000 | Wallonia | 4,154 m² | 1 · 146 m² | 9.2 m · 2 |
| 62010A0085/00F000indicative | Wallonia | 2,059 m² | 1 · 320 m² | 8.2 m · 2 |