Debts
€34,314 112% of the balance sheet
Suppliers 33%Taxes and wages 57%Other 10%
FLEXINET
Overview
Lifetime
8 annual accounts with figures on one time axispeak €146,320 (2018)
€86,040▼ 24.7%
lowest -€29,071 (2017)
-€1,076▼ €2,797
peak €14,030 (2016)
-€3,636▼ €1,076
€34,314▼ 17.9%
peak 3 FTE (2021)
-not published
Board2 names since 2022
2 directorsCeylan Mari and 1 other
Documentsfilings and deeds
09-02-20239 days late
2022micro format
Gross margin from €114,221 to €86,040Loss of €1,076Registered office moved from Mechelen to Leuven 23-06Registered office moved from Muizen to Mechelen 15-04Equity from -€2,560 to -€3,636Debts from €41,811 to €34,314
Key points
from the 2022 annual accounts, the last ones filedFilings
8 annual accounts 2 late
The 2020 accounts came latest: 18 days after the end of the period.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Leuven · judgment of 04-09-2025 · Bankruptcy
Bankruptcy published
Enterprise Court of Leuven · judgment of 09-03-2023 · Bankruptcy
Registered office moved from Mechelen to Leuven
New registered office: Ambachtenlaan 8 b 2 te 3001 Leuven · Previous registered office: Brusselsesteenweg 87 te 2800 Mechelen · General meeting of 08-05-2022 · Gazette deed
Registered office moved from Muizen to Mechelen
New registered office: Brusselsesteenweg 87 te 2800 Mechelen · Previous registered office: Leuvensesteenweg 568/2 te 2812 Muizen · General meeting of 31-03-2022 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 18-03-2014 · bankruptcy closed on 04-09-2025
- Activity
- No activity registered in the KBO
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-06-2022
- €86,040▼ 24.7%
- ≈ €260,000estimated
- €1,076
- -€3,636▼ 42.0%
- €30,678▼ 21.8%
- Employeeson 30-06-2022
- 3
- Filing
- Filed on 09-02-2023
Insights on FLEXINET
Equity fell from €14,030 in 2016 to -€3,636 in 2022.
On 9 March 2023 the court declared FLEXINET bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2022
micro format, filed on 09-02-2023, 9 days late€86,040
▼ 24.7%
€1,668
▼ 55.2%
-€1,076
▼ €2,797
-€5,864
▲ €3,251
-11.9%
▼ 5.3 percentage points
0.83
▲ 0.05
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €170,000 and €450,000.
Balance sheet
balance sheet total €30,678 on 30-06-2022What the company ownsHow it is paid for
in euro
in euro
Staff
€26,881
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
30,678 | 39,252 | 45,990 | 41,529 | 60,045 | 172,978 | 181,554 | 179,754 | |
21/28 |
2,228 | 6,556 | 8,033 | 2,850 | - | 143,897 | 156,168 | 152,880 | |
22/27 |
2,228 | 3,706 | 5,183 | - | - | 143,897 | 156,168 | 152,880 | |
22 |
- | - | - | - | - | 143,897 | 148,388 | 152,880 | |
24 |
2,228 | 3,706 | 5,183 | - | - | - | 7,780 | - | |
28 |
- | 2,850 | 2,850 | 2,850 | - | - | - | - | |
29/58 |
28,450 | 32,696 | 37,957 | 38,679 | 60,045 | 29,082 | 25,386 | 26,874 | |
29 |
- | - | - | - | - | - | - | 24,000 | |
291 |
- | - | - | - | - | - | - | 24,000 | |
40/41 |
19,168 | 28,137 | 34,093 | 34,602 | 57,275 | 29,080 | 20,258 | - | |
40 |
16,075 | 22,251 | 23,620 | 30,086 | 43,023 | 12,225 | 20,258 | - | |
41 |
3,093 | 5,886 | 10,473 | 4,516 | 14,252 | 16,855 | - | - | |
54/58 |
9,282 | 4,559 | 3,864 | 4,077 | 2,771 | 2 | 1,079 | - | |
490/1 |
- | - | - | - | - | - | 4,050 | 2,874 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
30,678 | 39,252 | 45,990 | 41,529 | 60,045 | 172,978 | 181,554 | 179,754 | |
10/15 |
-3,636 | -2,560 | -4,280 | 6,224 | 9,217 | -15,041 | 14,030 | 10,362 | |
10/11 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
100 |
- | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
101 |
- | - | - | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | |
13 |
1,327 | 1,327 | 1,327 | 1,327 | 1,327 | 1,327 | 1,530 | - | |
130/1 |
1,327 | 1,327 | 1,327 | - | - | - | - | - | |
130 |
- | - | - | 1,327 | 1,327 | 1,327 | 1,327 | - | |
1311 |
1,327 | 1,327 | 1,327 | - | - | - | - | - | |
133 |
- | - | - | - | - | - | 204 | - | |
14 |
-17,463 | -16,386 | -18,107 | -7,603 | -4,610 | -28,867 | - | -2,138 | |
17/49 |
34,314 | 41,811 | 50,270 | 35,305 | 50,829 | 188,019 | 167,524 | 169,393 | |
17 |
- | - | - | - | - | 119,774 | 132,248 | 144,292 | |
170/4 |
- | - | - | - | - | 119,774 | 132,248 | 144,292 | |
42/48 |
34,314 | 41,811 | 50,270 | 30,805 | 49,107 | 68,245 | 35,276 | 24,794 | |
42 |
- | - | - | - | 3,954 | 13,182 | 13,114 | 11,630 | |
43 |
- | - | - | - | - | 8,524 | 4,769 | 9,750 | |
430/8 |
- | - | - | - | - | 8,524 | 4,769 | 9,750 | |
44 |
11,233 | 13,056 | 21,257 | 2,487 | 4,276 | 12,438 | 6,728 | 2,531 | |
440/4 |
11,233 | 13,056 | 21,257 | 2,487 | 4,276 | 12,438 | 6,728 | 2,531 | |
46 |
- | - | 560 | - | - | - | - | - | |
45 |
19,578 | 24,180 | 28,453 | 28,318 | 25,877 | 22,100 | 10,375 | - | |
450/3 |
4,781 | 8,480 | 16,335 | 10,615 | 10,084 | 3,599 | 7,719 | - | |
454/9 |
14,797 | 15,700 | 12,117 | 17,703 | 15,792 | 18,501 | 2,656 | - | |
47/48 |
3,503 | 4,575 | - | - | 15,000 | 12,000 | 291 | 884 | |
492/3 |
- | - | - | 4,500 | 1,722 | - | - | 306 | |
| Income statement | |||||||||
9900 |
86,040 | 114,221 | 77,302 | 88,734 | 146,320 | 86,227 | 84,671 | 7,369 | |
62 |
80,642 | 105,652 | 87,524 | 76,603 | 97,049 | 98,674 | 34,592 | - | |
630 |
1,477 | 1,477 | 1,477 | - | - | 4,492 | 8,382 | - | |
631/4 |
- | -1,934 | -6,465 | 12,930 | - | - | - | - | |
640/8 |
2,252 | 5,301 | 4,002 | 1,376 | 1,258 | 5,878 | 3,066 | - | |
66A |
- | - | - | - | 13,897 | - | - | - | |
9901 |
1,668 | 3,724 | -9,237 | -2,174 | 34,117 | -22,816 | 38,631 | 7,369 | |
75/76B |
101 | 777 | 538 | 395 | 83 | 72 | - | 39 | |
75 |
101 | 132 | 538 | 395 | 83 | 72 | - | 39 | |
76B |
- | 645 | - | - | - | - | - | - | |
65/66B |
1,657 | 2,154 | 1,271 | 744 | 9,070 | 6,327 | 6,385 | 9,546 | |
65 |
1,657 | 2,154 | 1,271 | 744 | 9,070 | 6,327 | 6,385 | 9,546 | |
9903 |
112 | 2,347 | -9,970 | -2,523 | 25,129 | -29,071 | 32,245 | -2,138 | |
67/77 |
1,189 | 626 | 534 | 469 | 872 | - | 3,576 | - | |
9904 |
-1,076 | 1,720 | -10,504 | -2,993 | 24,257 | -29,071 | 28,669 | -2,138 | |
9905 |
-1,076 | 1,720 | -10,504 | -2,993 | 24,257 | -29,071 | 28,669 | -2,138 | |
| Appropriation of the result | |||||||||
9906 |
-17,463 | -16,386 | -18,107 | -7,603 | -4,610 | -29,071 | 26,530 | -2,138 | |
14P |
-16,386 | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 204 | - | - | |
691/2 |
- | - | - | - | - | - | 1,530 | - | |
6920 |
- | - | - | - | - | - | 1,327 | - | |
6921 |
- | - | - | - | - | - | 204 | - | |
694/7 |
- | - | - | - | - | - | 25,000 | - | |
695 |
- | - | - | - | - | - | 25,000 | - | |
| Social balance sheet | |||||||||
9087 |
3 | 3 | 2.9 | 2 | 2.8 | 2.7 | 1 | - | |
Hours worked1013 |
3,656 | 2,660 | 4,769 | 3,378 | 4,914 | 4,449 | 1,751 | - | |
| Document | |||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 09-02-2023.
Filings
each dot is a set of accounts, on the day it reached the National Bank2022 annual accounts filed 9 days after the deadline. Filed on 9 February 2023, deadline 31 January 2023 (7 months after the close on 30 June 2022, Companies Code art. 3:10). Source: NBB, 2023-00025796.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2022 | micro format | 09-02-2023 | 2023-00025796 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03400542 | |
| 30-06-2020 | micro format | 18-02-2021 | 2021-05600291 | |
| 30-06-2019 | micro format | 14-10-2019 | 2019-70500338 | |
| 30-06-2018 | micro format | 12-11-2018 | 2018-72000399 | |
| 30-06-2017 | micro format | 08-12-2017 | 2017-71400438 | |
| 30-06-2016 | abbreviated format | 14-12-2016 | 2016-70000410 | |
| 30-06-2015 | abbreviated format | 29-01-2016 | 2016-03800094 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 3,146 | 5,201 | -7,760 | - | - | -18,324 | 47,012 | - | ||
| 401 | 3,198 | -9,027 | - | - | -24,579 | 37,050 | - | ||
| -2,850 | 0 | 6,660 | 2,850 | - | -7,780 | 11,669 | 157,372 | ||
| 4,723 | 695 | -213 | 1,307 | 2,768 | -1,077 | - | - | ||
| -5,864 | -9,115 | -12,313 | 7,874 | 10,938 | -39,163 | -9,890 | 2,079 | ||
| -11.9% | -6.5% | -9.3% | 15.0% | 15.3% | -8.7% | 7.7% | 5.8% | ||
| 0.83 | 0.78 | 0.76 | 1.26 | 1.22 | 0.43 | 0.72 | 1.08 | ||
| - | - | - | 5.67 | 5.51 | - | 11.94 | 16.35 | ||
| - | - | - | -48.1% | 263.2% | - | 204.3% | -20.6% | ||
| -3.5% | 4.4% | -22.8% | -7.2% | 40.4% | -16.8% | 15.8% | -1.2% | ||
| 1.90 | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 3 |
| in full-time equivalents | 3 |
| 3 | |
| On a permanent contract | 3 |
Source: social balance sheet in the 2022 annual accounts
Insights on FLEXINET
The operating result for 2022 is 55% lower than in 2021.
Equity is negative. Debt (€34,314) exceeds the balance-sheet total (€30,678).
Board & ownership
Curators
2 mandatesCurator, Engelandstraat 61, 3290 Diest
from 09-03-2023 to 04-09-2025
Also on 320 other cases
Curator, Engeland- Straat 61, 3290 Diest
from 09-03-2023 to 04-09-2025
Also on 127 other cases
Last board
2 directorsMandates through the years
2 names, the dashed line is todayCeylan Mari
Director
Director
Daems Jan
Director
Director
Boardmandate already running before its first mentionBankruptcy 09-03-2023
Mandates as a list
- Ceylan Mari
- Director, from before 30-06-2022, until the bankruptcy of 09-03-2023
- Daems Jan
- Director, from before 30-06-2022, until the bankruptcy of 09-03-2023
Control
Capital
- Contribution
- €12,500
- Source
- 2022 annual accounts
Network & group
No group
FLEXINET has no parent and no holdings in its annual accounts. FLEXINET shares no director with another company.
Timeline
Timeline
18 events since 2014Filings
Financial
Insolvency
Address
2014201620182020202220242026
2025
Bankruptcy closure (by liquidation) Enterprise Court of Leuven · judgment of 04-09-2025
2023
Bankruptcy published Enterprise Court of Leuven · judgment of 09-03-2023
Annual accounts 2022 filed PDFmicro format · 9 days late
2022
Registered office moved from Mechelen to LeuvenNew registered office: Ambachtenlaan 8 b 2 te 3001 Leuven · Previous registered office: Brusselsesteenweg 87 te 2800 Mechelen · General meeting of 08-05-20222 points ▸
- General meeting, 08-05-2022
- Registered-office move, Ambachtenlaan 8 b 2 te 3001 Leuven
Registered office moved from Muizen to MechelenNew registered office: Brusselsesteenweg 87 te 2800 Mechelen · Previous registered office: Leuvensesteenweg 568/2 te 2812 Muizen · General meeting of 31-03-20222 points ▸
- General meeting, 31-03-2022
- Registered-office move, Brusselsesteenweg 87 te 2800 Mechelen
Annual accounts 2021 filed PDFmicro format · on the deadline day
2021
Back to profit net €1,720 The net result is €1,720, after 2 loss-making years.
Annual accounts 2020 filed PDFmicro format · 18 days late
2019
Annual accounts 2019 filed PDFmicro format · 109 days before the deadline
2018
Annual accounts 2018 filed PDFmicro format · 80 days before the deadline
Back to profit net €24,257 The net result is €24,257, after one loss-making year.
Liquidity more than doubled current ratio 1.22 The current ratio rises from 0.43 to 1.22. Short-term debt falls from €68,245 to €49,107.
2017
Annual accounts 2017 filed PDFmicro format · 54 days before the deadline
Weakest financial year net -€29,071 The net result drops to -€29,071, the lowest from 2015 to 2022.
2016
Annual accounts 2016 filed PDFabbreviated format · 48 days before the deadline
Back to profit net €28,669 The net result is €28,669, after one loss-making year.
Annual accounts 2015 filed PDFabbreviated format · 2 days before the deadline
2014
Incorporation PDF5 publications in the Belgian Official Gazette, the last on 23-06-2022
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
FLEXINET is no longer in the KBO register.
- Last annual accounts
- financial year to 30 June 2022
- Last registered office
- Brusselsesteenweg 87, 2800 Mechelenas published on 23 June 2022
- Legal form
- Private limited company
- First annual accounts
- financial year 2015