Flexisolutions
ActiveSummary
Flexisolutions has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €417,138. Equity has been growing by about 73% per year since 2018. Its solvency ranks better than 82% of 2,874 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-10-1981 Normal situation
- Activity
- Sports, amusement and recreation activities NACE 93293
- Establishment unit
- 2.019.666.001 1050 Elsene, since 01-12-1981
- Financial year end
- 31 December
- Peppol
- Reachable since 20-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €565,327
- ▼ 8.2%
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €417,138
- ▼ 10.7%
- Equity
- €1.5m
- ▲ 40.1%
- Total assets
- €2.1m
- ▲ 55.8%
- Staff
- ≈ 0.1 FTE
- estimated
Score breakdownraises riskLiquidity: current ratio 3.40, cash €46,389, halvedlowers riskSize: total assets €2.1mFigures for financial year 2025 (filed on 09-06-2026)Founded in 1981Show the evidence
Checked score
Fewer than 1 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 93, small). It does better than 85% of them on solvency, 28% on liquidity, 91% on profitability and 85% on growth.
The bankruptcy probability was computed on 02-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 44 filings
Every figure per financial year
The operating result for 2025 is 8% lower than in 2024.
- 2024 Net result +139% on 2023. The accounts now follow the micro format, last year the full format.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €530,163 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €499 | €1,876 | ▲ 276% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,265 | €3,726 | €1,065 | €855 | €855 | €672 | €155 | - | - |
| Other operating charges640/8 | - | - | - | €872 | €3,895 | €700 | €2,332 | €605 | ▼ 74.1% |
| Gross operating margin9900 | €93,999 | €48,227 | €255,366 | €143,116 | €65,693 | €260,304 | €615,725 | €565,327 | ▼ 8.2% |
| Operating profit (loss)9901 | €87,931 | €43,938 | €252,147 | €141,389 | €60,943 | €258,932 | €612,739 | €562,847 | ▼ 8.1% |
| Financial income75/76B | - | - | - | - | €0 | €1,341 | €24,378 | €126 | ▼ 99.5% |
| Recurring financial income75 | €95 | €15 | €6 | - | €0 | €1,341 | €24,378 | €126 | ▼ 99.5% |
| Financial charges65/66B | - | - | - | €810 | €1,535 | €280 | €2,256 | €727 | ▼ 67.8% |
| Recurring financial charges65 | €447 | €713 | €370 | €810 | €1,535 | €280 | €2,256 | €727 | ▼ 67.8% |
| Profit (loss) for the period before taxes9903 | €87,579 | €43,239 | €251,782 | €140,580 | €59,408 | €259,993 | €634,861 | €562,246 | ▼ 11.4% |
| Income taxes67/77 | €13,400 | €13,445 | €62,179 | €32,717 | €17,429 | €64,299 | €167,809 | €145,108 | ▼ 13.5% |
| Profit (loss) for the period9904 | €74,179 | €29,794 | €189,603 | €107,862 | €41,979 | €195,694 | €467,052 | €417,138 | ▼ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €74,179 | €29,794 | €189,603 | €107,862 | €41,979 | €195,694 | €467,052 | €417,138 | ▼ 10.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.08m | €0.3m | €0.5m | €0.6m | €0.8m | €1.3m | €2.1m | ▲ 55.8% |
| Fixed assets21/28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tangible fixed assets22/27 | €0.004m | €409 | €0.003m | €0.002m | €0.001m | €155 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.001m | €155 | €0 | - | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Current assets29/58 | €0.1m | €0.07m | €0.3m | €0.4m | €0.6m | €0.8m | €1.3m | €2.1m | ▲ 56.2% |
| Stocks and contracts in progress3 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Stocks30/36 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Amounts receivable within one year40/41 | €0.08m | €0.01m | €0.07m | €0.05m | €0.5m | €0.2m | €0.1m | €0.4m | ▲ 157% |
| Trade receivables40 | - | - | - | €0.02m | €0.4m | €0.1m | €0.1m | €0.4m | ▲ 215% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.003m | €0.03m | €0.03m | - | - |
| Current investments50/53 | - | - | - | - | - | - | - | €1.6m | - |
| Cash at bank and in hand54/58 | €0.05m | €0.06m | €0.2m | €0.4m | €0.1m | €0.6m | €1.2m | €0.05m | ▼ 96.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.08m | €0.3m | €0.5m | €0.6m | €0.8m | €1.3m | €2.1m | ▲ 55.8% |
| Equity10/15 | €0.009m | €0.04m | €0.2m | €0.3m | €0.4m | €0.6m | €1.0m | €1.5m | ▲ 40.1% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | -€0.05m | -€0.02m | €0.2m | €0.3m | €0.3m | €0.5m | €1.0m | €1.4m | ▲ 42.3% |
| Amounts payable17/49 | €0.1m | €0.04m | €0.09m | €0.1m | €0.2m | €0.2m | €0.3m | €0.6m | ▲ 114% |
| Amounts payable within one year42/48 | €0.1m | €0.04m | €0.09m | €0.1m | €0.2m | €0.2m | €0.3m | €0.6m | ▲ 114% |
| Trade debts44 | €0.02m | €0.02m | €0.01m | €0.02m | €0.2m | €0.1m | €0.05m | €0.2m | ▲ 279% |
| Suppliers440/4 | - | - | - | €0.02m | €0.2m | €0.1m | €0.05m | €0.2m | ▲ 279% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.05m | €0.06m | €0.2m | €0.3m | ▲ 50.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.05m | €0.06m | €0.2m | €0.3m | ▲ 50.9% |
| Other amounts payable47/48 | - | - | - | - | €304 | - | - | €0.06m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.07m | €0.03m | €0.2m | €0.1m | €0.04m | €0.2m | €0.5m | €0.4m | ▼ 10.7% |
| + Depreciation and write-downs630 | €0.005m | €0.004m | €0.001m | €0.001m | €0.001m | €0.001m | €155 | - | - |
| Operating cash flow (approximation) | €0.08m | €0.03m | €0.2m | €0.1m | €0.04m | €0.2m | €0.5m | €0.4m | ▼ 10.7% |
| Investment in fixed assets (approximation) | - | €0 | -€0.003m | €135 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.005m | €0.2m | €0.2m | -€0.3m | €0.5m | €0.6m | -€1.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as Flexisolutions has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Flexisolutions itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for Flexisolutions. 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.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00147289 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00276235 | |
| 31-12-2023 | full format | 21-08-2024 | 2024-00354920 | |
| 31-12-2022 | full format | 29-08-2023 | 2023-00365611 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20347202 | |
| 31-12-2020 | micro format | 15-06-2021 | 2021-19700351 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-32100287 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34200553 | |
| 31-12-2017 | micro format | 24-05-2018 | 2018-13600580 | |
| 31-12-2016 | micro format | 14-07-2017 | 2017-30800440 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 30-04-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RINALDI Mario |
|
| Freddy Ranocha |
|
Network & group
Flexisolutions shares no director with another company.
Companies at the same address
4 other companiesConnections & network
1 current directorThe network starts from the directors of Flexisolutions. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-04
Gazette deed
Company renamed from CLEAR GLASS to FlexisolutionsResignation: RINALDI Mario (manager) · Reappointment: RINALDI Mario (director) · Purpose change13 points ▸
- General meeting, 12-04-2024
- Name change, Flexisolutions
- Other provision, “documents article 5:101 Code des Sociétés et des associations, justification détaillée par l’organe d’administration de la modification proposée” (deed in French)
- Purpose change
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Other provision, “cession d'actions” (deed in French)
- Director resignation, RINALDI Mario (manager)
- Director reappointment, RINALDI Mario (director (not named in the articles))
- Director discharge, RINALDI Mario
- The act holds 1 more point.
10-05
Gazette deed
Resignation: Freddy Ranocha (director)2 points ▸
- General meeting, 27-03-2023
- Director resignation, Freddy Ranocha (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0089/00D007 | Brussels | 3,879 m² | 1 · 2,740 m² | 101.4 m · 7 |
| 21001A0599/00M013 | Brussels | 128 m² | 1 · 128 m² | 12.4 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.