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Flexitrade

Active Private limited companyfounded 2020active for 6 yearsAmmanswallestraat (OdK) 42, 8670 KoksijdeKBO/BCE: BE 0748.487.434
Flexitrade
Financial year 2025
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Annual accounts 2025

micro format, filed on 23-07-2026, 8 days before the deadline
Gross margin
-€38,300
▼ €82,071
Operating result
-€43,054
▼ €82,566
Loss
-€44,071
▼ €71,544
Working capital
€59,502
▼ 48.4%
Solvency
59.9%
▼ 7.7 percentage points
Current ratio
2.19
▼ 0.83

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €124,823 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency59.9%

Higher than 66% of 13,779 companies in 2025.

Current ratio2.19

Higher than 60% of 13,158 companies in 2025.

Return on assets-35.3%

Higher than 7% of 13,337 companies in 2025.

Flexitrade Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
Total assets20/58 124,823175,954281,469203,303137,870
Fixed assets21/28 15,2173,4636,096--
Tangible fixed assets22/27 15,2173,4636,096--
Plant, machinery and equipment23 2,892----
Furniture and vehicles24 12,3263,4636,096--
Current assets29/58 109,606172,491275,373203,303137,870
Stocks and contracts in progress3 -2,234105,14537,0943,000
Stocks30/36 -2,234105,14537,0943,000
Amounts receivable within one year40/41 32,73230,4345,23446,93118,017
Trade receivables40 3,71919,670-0716
Other amounts receivable41 29,01310,7645,23446,93117,300
Cash at bank and in hand54/58 76,875139,824164,994119,278116,853
Balance sheet: equity and liabilities
Total equity and liabilities10/49 124,823175,954281,469203,303137,870
Equity10/15 74,719118,791136,997118,79175,690
Contributions10/11 10,00010,00010,00010,00010,000
Reserves13 108,791108,791126,997108,79165,690
Distributable reserves133 108,791108,791126,997108,79165,690
Profit (loss) carried forward14 -44,0710---
Amounts payable17/49 50,10457,164144,47284,51262,179
Amounts payable within one year42/48 50,10457,164144,47284,51262,179
Trade debts44 4,4753,82581,2743,9388,814
Suppliers440/4 4,4753,82581,2743,9388,814
Taxes, remuneration and social security45 7,9487,50036,33753,97230,439
Taxes450/3 4,3483,90032,73750,37226,839
Remuneration and social security454/9 3,6003,6003,6003,6003,600
Other amounts payable47/48 37,68245,83926,86226,60222,926
Income statement
Gross operating margin9900 -38,30043,77131,88663,87798,446
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 3,9532,6331,80402,605
Other operating charges640/8 8011,6272,212522806
Operating profit (loss)9901 -43,05439,51127,87063,35695,035
Financial income75/76B 300448
Recurring financial income75 300448
Financial charges65/66B 2595534606272,553
Recurring financial charges65 2595534606272,553
Profit (loss) for the period before taxes9903 -43,31038,95927,41162,73392,529
Income taxes67/77 76211,4859,20419,63326,839
Profit (loss) for the period9904 -44,07127,47318,20643,10065,690
Profit (loss) for the period to be appropriated9905 -44,07127,47318,20643,10065,690
Appropriation of the result
Profit (loss) to be appropriated9906 -44,07127,47318,20643,10065,690
Transfer from equity791/2 -18,206---
Transfer to equity691/2 -018,20643,10065,690
To other reserves6921 -018,20643,10065,690
Profit to be distributed694/7 -45,680---
Return on contributions (dividend)694 -45,680---
Document PDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 23-07-2026 2026-00330284 PDF
31-12-2024 micro format 07-05-2025 2025-00091290 PDF
31-12-2023 micro format 02-05-2024 2024-00081615 PDF
31-12-2022 micro format 14-04-2023 2023-00060039 PDF
31-12-2021 micro format 13-06-2022 2022-20061700 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
EBITDA -39,10142,14529,67463,35697,640
Cash flow -40,11830,10720,01043,10068,295
Investment in fixed assets (approximation) 15,70807,90002,605
Change in cash -62,950-25,16945,7162,425-
Working capital 59,502115,328130,901118,79175,690
Solvency 59.9%67.5%48.7%58.4%54.9%
Current ratio 2.193.021.912.412.22
Quick ratio 2.192.981.181.972.17
Debt to equity 0.670.481.050.710.82
ROE -59.0%23.1%13.3%36.3%86.8%
ROA -35.3%15.6%6.5%21.2%47.6%
Interest coverage -151.2176.2264.56over 10038.24

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€15,708-€7,900--
Intangible fixed assets----€2,605
Depreciation and write-downs of the year€3,953€2,633€1,804€0€2,605

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Flexitrade

The operating result for 2025 is a loss of €43,054, after a profit of €39,511 in 2024. It is the lowest result since 2021.

Debt's share of the balance-sheet total rises from 32.5% to 40.1%. Equity and debt are lower.

Next steps

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