Flexitrade
ActiveThe computed 12-month bankruptcy probability of Flexitrade is 1.6% (moderate). The 2025 annual accounts show equity of €75k and a net result of €-44k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 64% of 11112 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency98▼-2
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 3.02 in 2024), and 40.1% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.9%
Return on assets
-35.3%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
85 d early
2023
90 d early
2022
108 d early
2021
48 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▼ 37.1%
2024 · €119k
2021: €76k
2022: €119k
2023: €137k
2024: €119k
2021 → 2025
Total assets
€125k▼ 29.1%
2024 · €176k
2021: €138k
2022: €203k
2023: €281k
2024: €176k
2021 → 2025
Net result
€-44k
2024 · €27k
2021: €66k
2022: €43k
2023: €18k
2024: €27k
2021 → 2025
Working capital
€60k▼ 48.4%
2024 · €115k
2021: €76k
2022: €119k
2023: €131k
2024: €115k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€119k▲ 56.9%€137k▲ 15.3%€119k▼ 13.3%€75k▼ 37.1%
Operating result€95k-€63k▼ 33.3%€28k▼ 56.0%€40k▲ 41.8%€-43k
Net result€66k-€43k▼ 34.4%€18k▼ 57.8%€27k▲ 50.9%€-44k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €40k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€15k▲ 339%
Current assets
€110k▼ 36.5%
Equity and liabilities €125k
Equity
€75k▼ 37.1%
Debt
€50k▼ 12.4%
The debt ratio rises from 32.5% to 40.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-39k▼
2024 · €42k
Cash flow
€-40k▼
2024 · €30k
Solvency
59.9%▼
2024 · 67.5%
Current ratio
2.19▼
2024 · 3.02
Quick ratio
2.19▼
2024 · 2.98
Debt / equity
0.67▲
2024 · 0.48
ROE
-59.0%▼
2024 · 23.1%
ROA
-35.3%▼
2024 · 15.6%
Interest coverage
-151.21▼
2024 · 76.22
Debt
€50k▼
2024 · €57k
Debt ≤ 1 year
€50k▼
2024 · €57k
Income taxes
€762▼
2024 · €11k
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€176k€125k▼
Fixed assets21/28€3k€15k▲
Tangible fixed assets22/27€3k€15k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€3k€12k▲
Current assets29/58€172k€110k▼
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€30k€33k▲
Trade receivables40€20k€4k▼
Other amounts receivable41€11k€29k▲
Cash at bank and in hand54/58€140k€77k▼
Equity and liabilities
Total equity and liabilities10/49€176k€125k▼
Equity10/15€119k€75k▼
Contributions10/11€10k€10k=
Reserves13€109k€109k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€0€-44k▼
Amounts payable17/49€57k€50k▼
Amounts payable within one year42/48€57k€50k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€4k€4k=
Other amounts payable47/48€46k€38k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€801▼
Gross operating margin9900€44k€-38k▼
Operating profit (loss)9901€40k€-43k▼
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€553€259▼
Recurring financial charges65€553€259▼
Profit (loss) for the period before taxes9903€39k€-43k▼
Income taxes67/77€11k€762▼
Profit (loss) for the period9904€27k€-44k▼
Profit (loss) for the period to be appropriated9905€27k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€-44k▼
Transfer from equity791/2€18k-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€46k-
Return on contributions (dividend)694€46k-
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-44k ▼260%
Net result drops to €-44k, the lowest in the series.
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €119k ▲56.9%
2 profitable years in a row build equity to €119k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Koksijde · 1 establishment unit since 2020
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.
Ammanswallestraat(OdK) 428670 KoksijdeGround area
573 m²
Building footprint
107 m²
Volume, LiDAR
573 m³
Parcel 38502D0126/00T000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flexitrade
since 20202.303.228.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502D0126/00T000 | Flanders | 573 m² | 1 · 107 m² | 8.3 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
EVIDA
BE 0807.043.760
Beringen · Eq €75k
YAV SERVICES
BE 0790.859.707
Gent · Eq €76k
CREA CLARA
BE 0839.355.054
Hechtel-Eksel · Eq €76k
NOË ANTWERP
BE 0547.785.427
Antwerpen · Eq €73k
Deconsell
BE 0840.935.164
Kortrijk · Eq €76k
Of 1,271 companies in sector 46160 we hold annual accounts for 685. 534 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2020
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.