FLEXINET
InactiveFLEXINET was declared bankrupt on 09-03-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 04-09-2025, published in the Belgian State Gazette on 10-09-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 09-02-2023, 9 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 · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
9 d late
2021
on the day
2020
18 d late
2019
109 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-4k▼ 42.0%
2021 · €-3k
2019: €6k
2020: €-4k
2021: €-3k
2019 → 2022
Total assets
€31k▼ 21.8%
2021 · €39k
2019: €42k
2020: €46k
2021: €39k
2019 → 2022
Net result
€-1k
2021 · €2k
2019: €-3k
2020: €-11k
2021: €2k
2019 → 2022
Working capital
€-6k▲ 35.7%
2021 · €-9k
2019: €8k
2020: €-12k
2021: €-9k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€6k-€-4k€-3k▲ 40.2%€-4k▼ 42.0%
Operating result€-2k-€-9k▼ 325%€4k€2k▼ 55.2%
Net result€-3k-€-11k▼ 251%€2k€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 55% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €31k
Fixed assets
€2k▼ 66.0%
Current assets
€28k▼ 13.0%
Key figures and ratios
EBITDA
€3k▼
2021 · €5k
Cash flow
€401▼
2021 · €3k
Solvency
-11.9%▼
2021 · -6.5%
Current ratio
0.83▲
2021 · 0.78
Quick ratio
0.83▲
2021 · 0.78
Debt / equity
-9.44
ROA
-3.5%▼
2021 · 4.4%
Interest coverage
1.90
Debt
€34k▼
2021 · €42k
Debt ≤ 1 year
€34k▼
2021 · €42k
Income taxes
€1k▲
2021 · €626
Staff costs
€81k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€39k€31k▼
Fixed assets21/28€7k€2k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24-€2k
Financial fixed assets28€3k-
Current assets29/58€33k€28k▼
Amounts receivable within one year40/41€28k€19k▼
Trade receivables40-€16k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€39k€31k▼
Equity10/15€-3k€-4k▼
Contributions10/11-€13k
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€-16k€-17k▼
Amounts payable17/49€42k€34k▼
Amounts payable within one year42/48€42k€34k▼
Trade debts44€13k€11k▼
Suppliers440/4-€11k
Taxes, remuneration and social security45-€20k
Taxes450/3-€5k
Remuneration and social security454/9-€15k
Other amounts payable47/48-€4k
Income statement
Code20212022
Remuneration, social security and pensions62-€81k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8-€2k
Gross operating margin9900€114k€86k▼
Operating profit (loss)9901€4k€2k▼
Financial income75/76B-€101
Recurring financial income75€132€101▼
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€2k€112▼
Income taxes67/77€626€1k▲
Profit (loss) for the period9904€2k€-1k▼
Profit (loss) for the period to be appropriated9905€2k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-17k
Profit (loss) brought forward from the previous period14P-€-16k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · FLEXINET BV AMBACHTENLAAN 8/2, 3001 HEVERLEE · event 04-09-2025
2023
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · FLEXINET BV AMBACHTEN- LAAN 8/2, 3001 HEVERLEE · event 09-03-2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
30-06
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2015 · 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61,
3290 DIEST |
09-03-2023 → present |
| Curator | ELS VAN ERUM ENGELAND-
STRAAT 61, 3290 DIEST |
09-03-2023 → present |