FLEXITHERM
ActiveSummary
The computed 12-month bankruptcy probability of FLEXITHERM is 3.5% (moderate). The 2025 annual accounts show equity of €2,389 and a net result of €89. Its solvency ranks better than 30% of 34,699 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €2,389
- Profit
- €89
Why 48raises riskFounded in 2024Liquidity: current ratio 1.40, cash €11Sector: Specialised construction activities (NACE 43)Last filed accounts filed 31 days late; 1 of the last 3 lateShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 30% on solvency, 7% on liquidity and 20% on profitability.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: Samir TALAL (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497457.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.8% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,542 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.
| Line | 2025 |
|---|---|
| Gross operating margin9900 | €210 |
| Operating profit (loss)9901 | €210 |
| Financial charges65/66B | €97 |
| Recurring financial charges65 | €97 |
| Profit (loss) for the period before taxes9903 | €114 |
| Income taxes67/77 | €25 |
| Profit (loss) for the period9904 | €89 |
| Profit (loss) for the period to be appropriated9905 | €89 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €8,322 | |
| Current assets29/58 | €8,322 | |
| Amounts receivable within one year40/41 | €8,310 | |
| Trade receivables40 | €6,779 | |
| Other amounts receivable41 | €1,531 | |
| Cash at bank and in hand54/58 | €11 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €8,322 | |
| Equity10/15 | €2,389 | |
| Contributions10/11 | €2,300 | |
| Profit (loss) carried forward14 | €89 | |
| Amounts payable17/49 | €5,933 | |
| Amounts payable within one year42/48 | €5,933 | |
| Trade debts44 | €588 | |
| Suppliers440/4 | €588 | |
| Taxes, remuneration and social security45 | €25 | |
| Taxes450/3 | €25 | |
| Other amounts payable47/48 | €5,320 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €89 |
| Operating cash flow (approximation) | €89 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00497457 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Samir TALAL |
|
Owners and capital
Capital and shareholders
- Samir TALAL 100 shares (100%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-06-2024 Incorporation · €2,300 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-06
Gazette deed
IncorporationAppointment: Samir TALAL (director) · Founder · Founding capital6 facts ▸
- Founder, Samir TALAL
- Founding capital, €2,300
- Capital
- Other provision, “besluiten comparant-inwerkingtreding, effectief bij verkrijging rechtspersoonlijkheid overeenkomstig artikel 2:6 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Director appointment, Samir TALAL (director)
- Incorporation, “FLEXITHERM” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1010.535.409
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094D0036/00P002 | Flanders | 3,135 m² | 1 · 889 m² | 12.3 m · 4 |
| 21012A0072/00F002 | Brussels | 121 m² | 1 · 94 m² | 18.5 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De installatie,montage,reparatie en onderhoud van alle verwarmings- en koelsystemen,zowel individuele als centrale,sanitaire en…” (deed in Dutch)
4 activities (deed in Dutch)
- De installatie,montage,reparatie en onderhoud van alle verwarmings- en koelsystemen,zowel individuele als centrale,sanitaire en loodgieterijsystemen,airconditioning,ventilatie,heteluchtverwarming,airconditioning en leidingwerk inclusief aanvullende leidingbehandeling,voornamelijk om leidingen of netwerken onder druk te creëren
- Alle loodgieters- en sanitaire installatiewerkzaamheden;storings- en reparatiediensten
- Elektrische aansluiting van huishoudelijke apparaten en warmwatervoorraadtoestellen
- Installatie van centrale verwarming op gas,schoorsteenvegen,afstellen van branders,water- en gasdistributie,thermische en akoestische isolatiewerkzaamheden
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FLEXITHERM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “ARTIKEL 11, op verzoek van vennootschap tot redelijkerwijze in vervanging kan voorzien” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op zetel per categorie effecten op naam,elektronische vorm mogelijk door bestuursorgaan,ingeschrevene vermoed houder tot bewijs…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Geschrift, elke overdracht of overgang van aandelen onder bijzondere of algemene titel, onder bezwarende titel of om niet, onder levenden of…” (deed in Dutch)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- “Uitsluiting door algemene vergadering om wettige reden volgens artikel 5:155, recht uit te treden ten laste vermogen volgens artikel 5:154…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Sunday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering die beslist zoals voorgeschreven voor een statutenwijziging” (deed in Dutch)“Vereisten artikel 2:80 Wetboek van vennootschappen en verenigingen nageleefd” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed