FLEXIPACK
ActiveFLEXIPACK has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €936. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-5
Solvency98▼-1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.48 in 2024), and 41.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.7%
Return on assets
0.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
41 d early
2022
47 d early
2021
34 d early
2020
38 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€119k▲ 0.8%
2024 · €118k
2018: €76k
2019: €84k
2020: €92k
2021: €102k
2022: €111k
2023: €116k
2024: €118k
2018 → 2025
Total assets
€203k▲ 7.1%
2024 · €190k
2018: €157k
2019: €153k
2020: €196k
2021: €213k
2022: €218k
2023: €218k
2024: €190k
2018 → 2025
Net result
€936▼ 55.7%
2024 · €2k
2018: €1k
2019: €8k
2020: €8k
2021: €10k
2022: €10k
2023: €5k
2024: €2k
2018 → 2025
Working capital
€114k▲ 8.2%
2024 · €106k
2018: €76k
2019: €84k
2020: €92k
2021: €89k
2022: €99k
2023: €105k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€111k▲ 9.3%€116k▲ 4.3%€118k▲ 1.8%€119k▲ 0.8%
Operating result€15k-€15k▲ 3.4%€8k▼ 44.9%€4k▼ 47.4%€3k▼ 37.3%
Net result€10k-€10k▼ 2.7%€5k▼ 50.2%€2k▼ 55.5%€936▼ 55.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 37% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203k
Fixed assets
€5k▼ 61.0%
Current assets
€198k▲ 12.0%
Equity and liabilities €203k
Equity
€119k▲ 0.8%
Debt
€84k▲ 17.6%
The debt ratio rises from 37.6% to 41.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€11k▼
2024 · €13k
Cash flow
€9k▼
2024 · €10k
Solvency
58.7%▼
2024 · 62.4%
Current ratio
2.36▼
2024 · 2.48
Quick ratio
0.69▼
2024 · 0.76
Debt / equity
0.70▲
2024 · 0.60
ROE
0.8%▼
2024 · 1.8%
ROA
0.5%▼
2024 · 1.1%
Interest coverage
82.16▲
2024 · 46.96
Debt
€84k▲
2024 · €71k
Debt ≤ 1 year
€84k▲
2024 · €71k
Income taxes
€2k▼
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€190k€203k▲
Fixed assets21/28€13k€5k▼
Tangible fixed assets22/27€13k€5k▼
Plant, machinery and equipment23€195€697▲
Furniture and vehicles24€13k€4k▼
Current assets29/58€177k€198k▲
Stocks and contracts in progress3€123k€140k▲
Stocks30/36€123k€140k▲
Amounts receivable within one year40/41€29k€27k▼
Trade receivables40€29k€26k▼
Other amounts receivable41€471€824▲
Cash at bank and in hand54/58€23k€29k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€190k€203k▲
Equity10/15€118k€119k▲
Contributions10/11€19k€19k=
Reserves13€28k€29k▲
Distributable reserves133€28k€29k▲
Profit (loss) carried forward14€72k€72k=
Amounts payable17/49€71k€84k▲
Amounts payable within one year42/48€71k€84k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€35k€53k▲
Suppliers440/4€35k€53k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€25k€26k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€14k€13k▼
Operating profit (loss)9901€4k€3k▼
Financial income75/76B€41€25▼
Recurring financial income75€41€25▼
Financial charges65/66B€270€136▼
Recurring financial charges65€270€136▼
Profit (loss) for the period before taxes9903€4k€3k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€2k€936▼
Profit (loss) for the period to be appropriated9905€2k€936▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€73k▼
Profit (loss) brought forward from the previous period14P€72k€72k=
Transfer to equity691/2€2k€936▼
To other reserves6921€2k€936▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €936 ▼55.7%
Net result drops to €936, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €10k ▲26.4%
Net result €10k, the highest in the series.
31-12
Financial
Equity above €100kEq €102k ▲10.6%
4 profitable years in a row build equity to €102k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Asse · 1 establishment unit since 1994
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.
Groenstraat 421730 AsseGround area
334 m²
Building footprint
122 m²
Volume, LiDAR
711 m³
Parcel 23002K0100/00S000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLEXIPACK
since 19942.065.088.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002K0100/00S000 | Flanders | 334 m² | 1 · 122 m² | 8.9 m · 2 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.
Similar companies · same sector, comparable size
GOZ PACK
BE 0766.690.572
Brussel · Eq €119k
All In Box
BE 0658.905.063
Brunehaut · Eq €130k
PAPETERIES DE NAMUR
BE 0468.665.891
Namur · Eq €108k
APLI
BE 0898.833.672
Watermaal-Bosvoorde · Eq €104k
TIPIC
BE 0470.211.062
Boechout · Eq €104k
Of 190 companies in sector 46493 we hold annual accounts for 83. 57 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-1993
Fiscal year end31-12
Activities, NACEBEL
46493Wholesale trade
51475
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.