FLEXIS
ActiveSummary
FLEXIS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€120,939. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-19
Solvency83▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 3.0 against 3.12 in 2024; short-term debt: 27% and cash: 10.7% of total assets), and 42.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
57.8%
Return on assets
-4%
Age of the figures
9 mo
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
16 d early
2023
23 d early
2022
14 d early
2021
11 d early
2020
6 d late
2020
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€120,939
2024 · €3,920
Working capital
€1.6m▼ 3.1%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€369,997€892,241▲ 141%€648,290▼ 27.3%€59,740▼ 90.8%-€85,955
Net result€250,621above the sector's middle half€671,818above the sector's middle half▲ 168%€462,133above the sector's middle half▼ 31.2%€3,920below the sector's middle half▼ 99.2%-€120,939below the sector's middle half
Equity€2.2mabove the sector's middle half▼ 3.1%€1.9mabove the sector's middle half▼ 13.0%€1.9mabove the sector's middle half=€1.9mabove the sector's middle half▲ 0.2%€1.8mwithin the sector's middle half▼ 6.4%
Total assets€4.4mabove the sector's middle half▲ 12.8%€4.6mabove the sector's middle half▲ 4.9%€4.4mabove the sector's middle half▼ 4.5%€3.2mabove the sector's middle half▼ 27.0%€3.0mwithin the sector's middle half▼ 5.0%
Debt€2.2m▲ 34.2%€2.7m▲ 22.3%€2.5m▼ 7.6%€1.3m▼ 47.3%€1.3m▼ 2.9%
Working capital€990,968▼ 1.5%€574,157▼ 42.1%€1.1m▲ 92.9%€1.7m▲ 53.2%€1.6m▼ 3.1%
Solvency49.3%within the sector's middle half▼ 8.1pp40.8%within the sector's middle half▼ 8.4pp42.8%within the sector's middle half▲ 1.9pp58.7%within the sector's middle half▲ 15.9pp57.8%within the sector's middle half▼ 0.9pp
Staff (FTE)32.6above the sector's middle half▼ 1.5%30.8above the sector's middle half▼ 5.5%30.3above the sector's middle half▼ 1.6%30.2above the sector's middle half▼ 0.3%28.4within the sector's middle half▼ 6.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €85,955 after €59,740 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€580,018 ▼ 18.2%
Current assets
€2.5m ▼ 1.2%
Equity and liabilities €3.0m
Equity
€1.8m ▼ 6.4%
Debt
€1.3m ▼ 2.9%
Debt's share of the balance-sheet total rises from 41.3% to 42.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€91,535▼
2024 · €237,529
Cash flow
€56,551▼
2024 · €181,710
Current ratio
3.00▼
2024 · 3.12
Quick ratio
1.52▼
2024 · 1.67
Debt to equity
0.73▲
2024 · 0.70
ROE
-6.9%▼
2024 · 0.2%
ROA
-4.0%▼
2024 · 0.1%
Interest coverage
3.00▼
2024 · 4.67
Debt ≤ 1 year
€824,158▲
2024 · €802,289
Debt > 1 year
€422,588▼
2024 · €489,186
Income taxes
€7,997▼
2024 · €9,935
Staff costs
€1.4m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.5%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.6m | €1.7m | €1.8m | €1.5m | €1.4m | ▼ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €341,165 | €343,732 | €353,715 | €177,790 | €177,490 | ▼ 0.2% |
| Other operating charges640/8 | €20,660 | €20,764 | €22,607 | €214,002 | €24,232 | ▼ 88.7% |
| Gross operating margin9900 | €2.4m | €2.9m | €2.8m | €2.0m | €1.5m | ▼ 23.4% |
| Operating profit (loss)9901 | €369,997 | €892,241 | €648,290 | €59,740 | -€85,955 | ▼ 244% |
| Financial income75/76B | €7,273 | €7,187 | €11,592 | €4,940 | €3,558 | ▼ 28.0% |
| Recurring financial income75 | €7,273 | €7,187 | €11,592 | €4,940 | €3,558 | ▼ 28.0% |
| Financial charges65/66B | €21,134 | €19,879 | €35,977 | €50,825 | €30,545 | ▼ 39.9% |
| Recurring financial charges65 | €21,134 | €19,879 | €35,977 | €50,825 | €30,545 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | €356,135 | €879,550 | €623,905 | €13,855 | -€112,942 | ▼ 915% |
| Income taxes67/77 | €105,515 | €207,731 | €161,772 | €9,935 | €7,997 | ▼ 19.5% |
| Profit (loss) for the period9904 | €250,621 | €671,818 | €462,133 | €3,920 | -€120,939 | ▼ 3,185% |
| Transfer from tax-exempt reserves789 | €42,719 | €280,000 | - | - | €121,000 | - |
| Profit (loss) for the period to be appropriated9905 | €293,339 | €951,818 | €462,133 | €3,920 | €61 | ▼ 98.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.4m | €4.6m | €4.4m | €3.2m | €3.0m | ▼ 5.0% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.2m | €709,044 | €580,018 | ▼ 18.2% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.2m | €709,044 | €580,018 | ▼ 18.2% |
| Land and buildings22 | €750,986 | €643,106 | €546,068 | €431,366 | €363,929 | ▼ 15.6% |
| Plant, machinery and equipment23 | €773,769 | €862,912 | €663,038 | €277,678 | €216,089 | ▼ 22.2% |
| Furniture and vehicles24 | €4,872 | - | - | - | - | - |
| Current assets29/58 | €2.9m | €3.1m | €3.2m | €2.5m | €2.5m | ▼ 1.2% |
| Amounts receivable after more than one year29 | €183,741 | €183,741 | €183,741 | €183,741 | €183,741 | = |
| Other amounts receivable291 | €183,741 | €183,741 | €183,741 | €183,741 | €183,741 | = |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▲ 4.9% |
| Stocks30/36 | €679,055 | €731,169 | €734,840 | €693,694 | €743,693 | ▲ 7.2% |
| Contracts in progress37 | €541,655 | €600,748 | €500,342 | €462,712 | €469,743 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €765,211 | €1.4m | €1.3m | €951,406 | €735,862 | ▼ 22.7% |
| Trade receivables40 | €704,180 | €1.3m | €1.2m | €670,777 | €682,588 | ▲ 1.8% |
| Other amounts receivable41 | €61,031 | €55,299 | €140,560 | €280,629 | €53,274 | ▼ 81.0% |
| Cash at bank and in hand54/58 | €676,149 | €203,318 | €447,498 | €199,988 | €327,517 | ▲ 63.8% |
| Deferred charges and accrued income490/1 | €9,332 | €8,915 | €7,136 | €7,858 | €8,184 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.4m | €4.6m | €4.4m | €3.2m | €3.0m | ▼ 5.0% |
| Equity10/15 | €2.2m | €1.9m | €1.9m | €1.9m | €1.8m | ▼ 6.4% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €2.0m | €1.7m | €1.7m | €1.7m | €1.6m | ▼ 7.2% |
| Non-distributable reserves130/1 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Legal reserve130 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Tax-exempt reserves132 | €1.9m | €1.7m | €1.7m | €1.7m | €1.5m | ▼ 7.3% |
| Distributable reserves133 | €585 | €585 | €585 | €4,505 | €4,566 | ▲ 1.4% |
| Amounts payable17/49 | €2.2m | €2.7m | €2.5m | €1.3m | €1.3m | ▼ 2.9% |
| Amounts payable after more than one year17 | €358,169 | €195,699 | €426,011 | €489,186 | €422,588 | ▼ 13.6% |
| Financial debts170/4 | €358,169 | €195,699 | €14,203 | - | - | - |
| Other amounts payable178/9 | - | - | €411,809 | €489,186 | €422,588 | ▼ 13.6% |
| Amounts payable within one year42/48 | €1.9m | €2.5m | €2.1m | €802,289 | €824,158 | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | €457,753 | €162,470 | €181,496 | €28,371 | - | - |
| Trade debts44 | €955,631 | €1.2m | €1.3m | €626,165 | €676,060 | ▲ 8.0% |
| Suppliers440/4 | €955,631 | €1.2m | €1.3m | €626,165 | €676,060 | ▲ 8.0% |
| Taxes, remuneration and social security45 | €130,791 | €180,413 | €182,477 | €147,753 | €148,097 | ▲ 0.2% |
| Taxes450/3 | €3,413 | €47,917 | €45,117 | €31,961 | €39,219 | ▲ 22.7% |
| Remuneration and social security454/9 | €127,379 | €132,495 | €137,360 | €115,792 | €108,878 | ▼ 6.0% |
| Other amounts payable47/48 | €320,000 | €951,818 | €462,133 | - | - | - |
| Accrued charges and deferred income492/3 | €2,876 | €4,927 | €11,249 | €33,498 | €39,481 | ▲ 17.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,621 | €671,818 | €462,133 | €3,920 | -€120,939 | ▼ 3,185% |
| + Depreciation and write-downs630 | €341,165 | €343,732 | €353,715 | €177,790 | €177,490 | ▼ 0.2% |
| Operating cash flow (approximation) | €591,786 | €1.0m | €815,848 | €181,710 | €56,551 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | -€320,124 | -€56,802 | €322,273 | -€48,464 | ▼ 115% |
| Change in cash | - | -€472,831 | €244,179 | -€247,509 | €127,529 | ▲ 152% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€120,939
Net result drops to -€120,939, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.53 to 3.12; short-term debt falls from €2.1m to €802,289.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €250,621
Net result €250,621 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €30,192
Net result €30,192 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Ieper · 1 establishment unit since 2013
Ground area
5,656 m²
Building footprint
3,594 m²
Volume, LiDAR
22,432 m³
Parcel 33305B0986/00E000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rozendaalstraat 107, 8900 Ieper
since 20132.230.130.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0986/00E000 | Flanders | 5,656 m² | 1 · 3,593 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- J-Invest
- FLEXIS
Highest known parent: J-Invest. The sources do not say who stands above it.
Owners 1
- J-InvestparentSourceaccounts J-Invest 202599.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 49,102 EUR awarded · 23,151 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 279 EUR | 0 EUR |
| 2024 | 1 | 113 EUR | 484 EUR |
| 2023 | 2 | 9,875 EUR | 9,863 EUR |
| 2022 | 3 | 38,835 EUR | 12,804 EUR |
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 937 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-09-2013
Fiscal year end31-12
Abbreviation NL
LCMC
Activities, NACEBEL 2025
25530Machining of metals
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538526578
Also
9925:BE0538526578
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.