FLEXORIUS
ActiveSummary
FLEXORIUS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €397,412 and a net result of €4,371. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 353 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+10
Solvency76▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.83 in 2023; short-term debt: 37.3% and cash: 14.2% of total assets), and 48.5% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
33 d early
2022
6 d early
2021
13 d early
2020
32 d early
2019
121 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€397,412▲ 1.1%
2023 · €393,041
Total assets
€771,973▼ 16.6%
2023 · €925,706
Net result
€4,371▼ 16.7%
2023 · €5,246
Working capital
€281,381▼ 14.6%
2023 · €329,566
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€68,540▼ 64.1%€131,874▲ 92.4%€215,887▲ 63.7%€29,058▼ 86.5%€54,443▲ 87.4%
Net result€43,293▼ 72.1%€92,010▲ 113%€156,180▲ 69.7%€5,246▼ 96.6%€4,371▼ 16.7%
Equity€190,305▲ 21.2%€291,615▲ 53.2%€387,794▲ 33.0%€393,041▲ 1.4%€397,412▲ 1.1%
Total assets€311,026▼ 18.1%€533,721▲ 71.6%€973,904▲ 82.5%€925,706▼ 4.9%€771,973▼ 16.6%
Debt€120,721▼ 45.8%€242,106▲ 101%€586,110▲ 142%€532,665▼ 9.1%€374,562▼ 29.7%
Working capital€170,933▲ 17.6%€234,905▲ 37.4%€383,484▲ 63.3%€329,566▼ 14.1%€281,381▼ 14.6%
Staff (FTE)7.8▼ 32.8%6.9▼ 11.5%12.6▲ 82.6%16.1▲ 27.8%14.1▼ 12.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 87% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €771,973
Fixed assets
€202,445 ▲ 1.7%
Current assets
€569,528 ▼ 21.6%
Equity and liabilities €771,973
Equity
€397,412 ▲ 1.1%
Debt
€374,562 ▼ 29.7%
Debt's share of the balance-sheet total falls from 57.5% to 48.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90,205▲
2023 · €64,163
Cash flow
€40,132▼
2023 · €40,352
Current ratio
1.98▲
2023 · 1.83
Debt to equity
0.94▼
2023 · 1.36
ROE
1.1%▼
2023 · 1.3%
ROA
0.6%▼
2023 · 0.6%
Interest coverage
6.87▲
2023 · 4.79
Debt ≤ 1 year
€288,147▼
2023 · €397,132
Debt > 1 year
€86,414▼
2023 · €135,197
Income taxes
€36,972▲
2023 · €10,410
Staff costs
€752,743▼
2023 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,784 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €384,311 | €738,655 | €1.0m | €752,743 | ▼ 25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,321 | €8,490 | €23,639 | €35,106 | €35,761 | ▲ 1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €5,536 | - |
| Other operating charges640/8 | - | €3,754 | €642 | €855 | €1,115 | ▲ 30.3% |
| Gross operating margin9900 | €398,936 | €528,430 | €978,823 | €1.1m | €849,598 | ▼ 20.6% |
| Operating profit (loss)9901 | €68,540 | €131,874 | €215,887 | €29,058 | €54,443 | ▲ 87.4% |
| Financial income75/76B | - | €1,275 | €1,258 | €4 | €21 | ▲ 502% |
| Recurring financial income75 | €5 | €1,275 | €1,258 | €4 | €21 | ▲ 502% |
| Financial charges65/66B | - | €6,857 | €13,163 | €13,405 | €13,121 | ▼ 2.1% |
| Recurring financial charges65 | €7,056 | €6,857 | €13,163 | €13,405 | €13,121 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €61,489 | €126,293 | €203,981 | €15,656 | €41,344 | ▲ 164% |
| Income taxes67/77 | €18,196 | €34,283 | €47,802 | €10,410 | €36,972 | ▲ 255% |
| Profit (loss) for the period9904 | €43,293 | €92,010 | €156,180 | €5,246 | €4,371 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €43,293 | €92,010 | €156,180 | €5,246 | €4,371 | ▼ 16.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €311,026 | €533,721 | €973,904 | €925,706 | €771,973 | ▼ 16.6% |
| Fixed assets21/28 | €21,873 | €59,122 | €196,521 | €199,008 | €202,445 | ▲ 1.7% |
| Intangible fixed assets21 | €1,056 | €890 | €15,614 | €12,440 | €43,682 | ▲ 251% |
| Tangible fixed assets22/27 | €18,867 | €58,233 | €68,107 | €73,768 | €45,963 | ▼ 37.7% |
| Plant, machinery and equipment23 | - | €3,388 | €2,152 | €6,503 | €6,204 | ▼ 4.6% |
| Furniture and vehicles24 | - | €33,215 | €45,045 | €37,757 | €22,160 | ▼ 41.3% |
| Other tangible fixed assets26 | - | €21,630 | €20,911 | €29,509 | €17,599 | ▼ 40.4% |
| Financial fixed assets28 | €1,950 | €0 | €112,800 | €112,800 | €112,800 | = |
| Current assets29/58 | €289,154 | €474,598 | €777,383 | €726,698 | €569,528 | ▼ 21.6% |
| Amounts receivable after more than one year29 | - | €100,000 | €0 | - | - | - |
| Trade receivables290 | - | €100,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €164,044 | €215,472 | €404,906 | €279,712 | €178,771 | ▼ 36.1% |
| Trade receivables40 | - | €212,675 | €397,685 | €257,727 | €169,723 | ▼ 34.1% |
| Other amounts receivable41 | - | €2,798 | €7,221 | €21,985 | €9,049 | ▼ 58.8% |
| Current investments50/53 | - | - | €263,750 | €263,750 | €263,750 | = |
| Cash at bank and in hand54/58 | €114,156 | €147,893 | €93,017 | €162,586 | €109,376 | ▼ 32.7% |
| Deferred charges and accrued income490/1 | - | €11,233 | €15,711 | €20,650 | €17,631 | ▼ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €311,026 | €533,721 | €973,904 | €925,706 | €771,973 | ▼ 16.6% |
| Equity10/15 | €190,305 | €291,615 | €387,794 | €393,041 | €397,412 | ▲ 1.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €181,005 | €273,015 | €369,194 | €374,441 | €378,812 | ▲ 1.2% |
| Non-distributable reserves130/1 | - | €1,860 | €265,610 | €265,610 | €265,610 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Own shares acquired1312 | - | - | €263,750 | €263,750 | €263,750 | = |
| Distributable reserves133 | - | €271,155 | €103,584 | €108,831 | €113,202 | ▲ 4.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €120,721 | €242,106 | €586,110 | €532,665 | €374,562 | ▼ 29.7% |
| Amounts payable after more than one year17 | - | - | €191,700 | €135,197 | €86,414 | ▼ 36.1% |
| Financial debts170/4 | - | - | €191,700 | €135,197 | €86,414 | ▼ 36.1% |
| Amounts payable within one year42/48 | €118,221 | €239,694 | €393,899 | €397,132 | €288,147 | ▼ 27.4% |
| Current portion of amounts payable after more than one year42 | - | - | €51,072 | €56,502 | €53,173 | ▼ 5.9% |
| Financial debts43 | - | €14,826 | €0 | - | - | - |
| Credit institutions430/8 | - | €14,826 | €0 | - | - | - |
| Trade debts44 | €18,129 | €55,032 | €113,718 | €115,900 | €40,734 | ▼ 64.9% |
| Suppliers440/4 | - | €55,032 | €113,718 | €115,900 | €40,734 | ▼ 64.9% |
| Advances received on contracts in progress46 | - | €4,923 | €5,465 | €4,362 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €103,256 | €163,180 | €155,702 | €134,966 | ▼ 13.3% |
| Taxes450/3 | - | €45,227 | €49,509 | €28,551 | €38,724 | ▲ 35.6% |
| Remuneration and social security454/9 | - | €58,029 | €113,671 | €127,152 | €96,242 | ▼ 24.3% |
| Other amounts payable47/48 | - | €61,655 | €60,464 | €64,665 | €59,274 | ▼ 8.3% |
| Accrued charges and deferred income492/3 | - | €2,413 | €511 | €336 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,293 | €92,010 | €156,180 | €5,246 | €4,371 | ▼ 16.7% |
| + Depreciation and write-downs630 | €3,321 | €8,490 | €23,639 | €35,106 | €35,761 | ▲ 1.9% |
| Operating cash flow (approximation) | €46,615 | €100,499 | €179,819 | €40,352 | €40,132 | ▼ 0.5% |
| Investment in fixed assets (approximation) | - | -€45,740 | -€161,038 | -€37,593 | -€39,198 | ▼ 4.3% |
| Change in cash | - | €33,738 | -€54,876 | €69,569 | -€53,210 | ▼ 176% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €4,371 ▼16.7%
Net result drops to €4,371, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €291,615 ▲53.2%
4 profitable years in a row build equity to €291,615.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150,000Eq €157,012 ▲71.1%
2 profitable years in a row build equity to €157,012.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lummen · 1 establishment unit since 2017
Ground area
5,726 m²
Building footprint
634 m²
Volume, LiDAR
6,135 m³
Parcel 71542D2424/00A000, Flanders · tallest building 22.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Dr. Vanderhoeydonckstraat 50, 3560 Lummen
since 20172.264.752.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542D2424/00A000 | Flanders | 5,726 m² | 1 · 634 m² | 22.0 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 57,095 EUR awarded · 57,095 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 107 EUR | 107 EUR |
| 2024 | 1 | 26,465 EUR | 26,465 EUR |
| 2023 | 1 | 30,203 EUR | 30,203 EUR |
| 2022 | 1 | 320 EUR | 320 EUR |
Schemes
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
70200Business and other management consultancy
73300Public relations and communication consultancy
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.