Equity
FLEXORIUS has made a profit in every financial year since 2018.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.2% across 195 companies (NACE 78, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 78, small). It does better than 69% of them on solvency, 53% on liquidity, 58% on profitability and 51% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 1,639 companies had the same profile as FLEXORIUS has now. Each dot stands for 5 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLEXORIUS itself is higher: 1.1% within 12 months. It rests on far more data about FLEXORIUS than the profile alone.
The method was tested on the 497,447 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 1,639 companies, not a prediction for FLEXORIUS. 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.
Liquidity is ample, with a current ratio of 1.98 (1.83 in 2023), above the usual 1.5. Short-term debt is 37.3% and cash 14.2% of total assets. 48.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 37 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Shares in 1 company, THESE GUYS
Board & ownership| Company | ||||
|---|---|---|---|---|
| FLEXORIUS Lummen | €0.8m | €0.8m | 51.5% | 14.1 |
| MOTMANS & PARTNERS HR RESOURCES Antwerp | €0.7m | €0.7m | -17.0% | 10.6 |
| OPUS GROUP Hasselt | €0.8m | €1.1m | 19.3% | 21 |
| Heads&Hunters Antwerp | €1.0m | €1.2m | -31.2% | 14 |
| GE DEJARDIN Beauraing | €0.4m | €0.7m | -6.8% | 11.4 |
| Go4Jobs (West-Limburg) Antwerp | €0.4m | €1.2m | -3.4% | 18.5 |
| Go4Jobs (Noord West-Vlaanderen) Antwerp | €0.4m | €1.0m | 23.5% | 17.5 |
These companies have the same main activity as FLEXORIUS: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €410,000 and €1m, founded between 2016 and 2018.
FLEXORIUS files the abbreviated format. That format states no turnover. The gross margin rose from €664,370 in 2018 to €849,598 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.0m. Estimated: probably between €1.2m and €3.4m.
Higher than 72% of 349 companies in 2024.
Higher than 71% of 347 companies in 2024.
Higher than 32% of 346 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2024, 6 people joined and 9 left.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
771,973 | 925,706 | 973,904 | 533,721 | 311,026 | 379,713 | 492,412 | |
20 |
- | - | - | - | - | - | 0 | |
21/28 |
202,445 | 199,008 | 196,521 | 59,122 | 21,873 | 14,116 | 17,090 | |
21 |
43,682 | 12,440 | 15,614 | 890 | 1,056 | 1,222 | 1,388 | |
22/27 |
45,963 | 73,768 | 68,107 | 58,233 | 18,867 | 10,944 | 13,752 | |
22 |
- | - | - | - | - | - | 0 | |
23 |
6,204 | 6,503 | 2,152 | 3,388 | - | - | 0 | |
24 |
22,160 | 37,757 | 45,045 | 33,215 | 9,256 | 3,513 | 5,309 | |
26 |
17,599 | 29,509 | 20,911 | 21,630 | 9,611 | 7,432 | 8,443 | |
27 |
- | - | - | - | - | - | 0 | |
28 |
112,800 | 112,800 | 112,800 | 0 | 1,950 | 1,950 | 1,950 | |
29/58 |
569,528 | 726,698 | 777,383 | 474,598 | 289,154 | 365,597 | 475,322 | |
29 |
- | - | 0 | 100,000 | - | - | 0 | |
290 |
- | - | 0 | 100,000 | - | - | 0 | |
291 |
- | - | - | - | - | - | 0 | |
3 |
- | - | - | - | - | - | 0 | |
30/36 |
- | - | - | - | - | - | 0 | |
37 |
- | - | - | - | - | - | 0 | |
40/41 |
178,771 | 279,712 | 404,906 | 215,472 | 164,044 | 222,989 | 227,526 | |
40 |
169,723 | 257,727 | 397,685 | 212,675 | 159,306 | 222,989 | 218,712 | |
41 |
9,049 | 21,985 | 7,221 | 2,798 | 4,738 | 0 | 8,814 | |
50/53 |
263,750 | 263,750 | 263,750 | - | - | - | 0 | |
54/58 |
109,376 | 162,586 | 93,017 | 147,893 | 114,156 | 127,565 | 239,611 | |
490/1 |
17,631 | 20,650 | 15,711 | 11,233 | 10,954 | 15,043 | 8,185 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
771,973 | 925,706 | 973,904 | 533,721 | 311,026 | 379,713 | 492,412 | |
10/15 |
397,412 | 393,041 | 387,794 | 291,615 | 190,305 | 157,012 | 91,768 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 9,300 | 9,300 | 9,300 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 9,300 | 9,300 | |
11 |
- | - | - | - | - | - | 0 | |
1100/10 |
- | - | - | - | - | - | 0 | |
12 |
- | - | - | - | - | - | 0 | |
13 |
378,812 | 374,441 | 369,194 | 273,015 | 181,005 | 147,712 | 82,468 | |
130/1 |
265,610 | 265,610 | 265,610 | 1,860 | 1,860 | - | 0 | |
130 |
- | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1312 |
263,750 | 263,750 | 263,750 | - | - | - | 0 | |
1319 |
- | - | - | - | - | - | 0 | |
132 |
- | - | - | - | - | - | 0 | |
133 |
113,202 | 108,831 | 103,584 | 271,155 | 179,145 | 145,852 | 80,608 | |
14 |
- | 0 | 0 | 0 | - | - | 0 | |
15 |
- | - | - | - | - | - | 0 | |
19 |
- | - | - | - | - | - | 0 | |
16 |
- | - | - | - | - | - | 0 | |
160/5 |
- | - | - | - | - | - | 0 | |
160 |
- | - | - | - | - | - | 0 | |
161 |
- | - | - | - | - | - | 0 | |
162 |
- | - | - | - | - | - | 0 | |
163 |
- | - | - | - | - | - | 0 | |
164/5 |
- | - | - | - | - | - | 0 | |
168 |
- | - | - | - | - | - | 0 | |
17/49 |
374,562 | 532,665 | 586,110 | 242,106 | 120,721 | 222,702 | 400,644 | |
17 |
86,414 | 135,197 | 191,700 | - | - | - | 0 | |
170/4 |
86,414 | 135,197 | 191,700 | - | - | - | 0 | |
175 |
- | - | - | - | - | - | 0 | |
176 |
- | - | - | - | - | - | 0 | |
178/9 |
- | - | - | - | - | - | 0 | |
42/48 |
288,147 | 397,132 | 393,899 | 239,694 | 118,221 | 220,202 | 398,473 | |
42 |
53,173 | 56,502 | 51,072 | - | - | - | 0 | |
43 |
- | - | 0 | 14,826 | 0 | 16,681 | 0 | |
430/8 |
- | - | 0 | 14,826 | 0 | 16,681 | 0 | |
439 |
- | - | - | - | - | - | 0 | |
44 |
40,734 | 115,900 | 113,718 | 55,032 | 18,129 | 20,436 | 104,261 | |
440/4 |
40,734 | 115,900 | 113,718 | 55,032 | 18,129 | 20,436 | 104,261 | |
441 |
- | - | - | - | - | - | 0 | |
46 |
0 | 4,362 | 5,465 | 4,923 | - | - | 0 | |
45 |
134,966 | 155,702 | 163,180 | 103,256 | 88,282 | 92,419 | 94,211 | |
450/3 |
38,724 | 28,551 | 49,509 | 45,227 | 36,563 | 32,860 | 74,508 | |
454/9 |
96,242 | 127,152 | 113,671 | 58,029 | 51,720 | 59,559 | 19,703 | |
47/48 |
59,274 | 64,665 | 60,464 | 61,655 | 11,810 | 90,666 | 200,000 | |
492/3 |
0 | 336 | 511 | 2,413 | 2,500 | 2,500 | 2,171 | |
| Income statement | ||||||||
76A |
- | - | 0 | 16,784 | - | - | - | |
9900 |
849,598 | 1.1m | 978,823 | 528,430 | 398,936 | 652,771 | 664,370 | |
62 |
752,743 | 1.0m | 738,655 | 384,311 | 324,192 | 456,602 | 309,519 | |
630 |
35,761 | 35,106 | 23,639 | 8,490 | 3,321 | 2,974 | 4,905 | |
631/4 |
5,536 | - | - | - | - | - | 0 | |
635/8 |
- | - | - | - | - | - | 0 | |
640/8 |
1,115 | 855 | 642 | 3,754 | 2,882 | 2,057 | 4,704 | |
649 |
- | - | - | - | - | - | 0 | |
66A |
- | - | - | - | - | - | 0 | |
9901 |
54,443 | 29,058 | 215,887 | 131,874 | 68,540 | 191,139 | 345,241 | |
75/76B |
21 | 4 | 1,258 | 1,275 | 5 | 887 | 59 | |
75 |
21 | 4 | 1,258 | 1,275 | 5 | 887 | 59 | |
76B |
- | - | - | - | - | - | 0 | |
65/66B |
13,121 | 13,405 | 13,163 | 6,857 | 7,056 | 7,470 | 2,332 | |
65 |
13,121 | 13,405 | 13,163 | 6,857 | 7,056 | 7,470 | 2,332 | |
66B |
- | - | - | - | - | - | 0 | |
9903 |
41,344 | 15,656 | 203,981 | 126,293 | 61,489 | 184,556 | 342,968 | |
67/77 |
36,972 | 10,410 | 47,802 | 34,283 | 18,196 | 29,312 | 60,500 | |
9904 |
4,371 | 5,246 | 156,180 | 92,010 | 43,293 | 155,244 | 282,468 | |
789 |
- | - | - | - | - | - | 0 | |
689 |
- | - | - | - | - | - | 0 | |
9905 |
4,371 | 5,246 | 156,180 | 92,010 | 43,293 | 155,244 | 282,468 | |
| Appropriation of the result | ||||||||
9906 |
4,371 | 5,246 | 156,180 | 92,010 | 43,293 | 155,244 | 282,468 | |
791/2 |
- | 0 | 167,570 | - | - | - | 0 | |
691/2 |
4,371 | 5,246 | 263,750 | 92,010 | 33,293 | 65,244 | 82,468 | |
691 |
- | - | - | - | - | - | 0 | |
6920 |
- | - | - | - | - | 0 | 1,860 | |
6921 |
4,371 | 5,246 | 263,750 | 92,010 | 33,293 | 65,244 | 80,608 | |
694/7 |
- | 0 | 60,000 | 0 | 10,000 | 90,000 | 200,000 | |
694 |
- | - | - | - | - | - | 0 | |
695 |
- | 0 | 60,000 | 0 | 10,000 | 90,000 | 200,000 | |
696 |
- | - | - | - | - | - | 0 | |
| Social balance sheet | ||||||||
9087 |
14.1 | 16.1 | 12.6 | 6.9 | 7.8 | 11.6 | 4 | |
Hours worked1013 |
20,557 | 25,455 | 20,136 | 9,948 | 11,256 | 15,152 | 10,165 | |
| Document | ||||||||
The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 15-07-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00275186 | |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00194703 | |
| 31-12-2022 | abbreviated format | 25-07-2023 | 2023-00267108 | |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20194811 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-26600029 | |
| 31-12-2019 | abbreviated format | 01-04-2020 | 2020-08400051 | |
| 31-12-2018 | abbreviated format | 05-08-2019 | 2019-43500485 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €107 | €107 |
| 2024 | 1 | €26,465 | €26,465 |
| 2023 | 1 | €30,203 | €30,203 |
| 2022 | 1 | €320 | €320 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| 90,205 | 64,163 | 239,526 | 140,364 | 71,862 | 194,112 | 350,146 | ||
| 40,132 | 40,352 | 179,819 | 100,499 | 46,615 | 158,218 | 287,373 | ||
| 39,198 | 37,593 | 161,038 | 79,253 | 11,078 | 0 | 21,994 | ||
| -53,210 | 69,569 | -54,876 | 33,738 | -13,409 | -112,046 | - | ||
| 281,381 | 329,566 | 383,484 | 234,905 | 170,933 | 145,396 | 76,849 | ||
| 51.5% | 42.5% | 39.8% | 54.6% | 61.2% | 41.4% | 18.6% | ||
| 1.98 | 1.83 | 1.97 | 1.98 | 2.45 | 1.66 | 1.19 | ||
| 0.94 | 1.36 | 1.51 | 0.83 | 0.63 | 1.42 | 4.37 | ||
| 1.1% | 1.3% | 40.3% | 31.6% | 22.7% | 98.9% | 307.8% | ||
| 0.6% | 0.6% | 16.0% | 17.2% | 13.9% | 40.9% | 57.4% | ||
| 6.87 | 4.79 | 18.20 | 20.47 | - | - | - |
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.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 16 | 14 | 11 |
| full-time | 11 | 15 | 14 | 11 |
| part-time | 2 | 1 | 0 | 0 |
| in full-time equivalents | 12.4 | 15.8 | 14 | 11 |
| 14.1 | 16.1 | 12.6 | 6.9 | |
| On a permanent contract | 13 | 16 | 14 | 11 |
| Joined | 6 | 15 | 12 | 15 |
| Left | 9 | 13 | 9 | 11 |
| Training hours | - | - | 952 | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €4,379 | €37,593 | €33,200 | €79,253 |
| Intangible fixed assets | €34,819 | - | €15,038 | - |
| Financial fixed assets | - | - | €112,800 | - |
| €35,761 | €35,106 | €23,639 | €8,490 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 87% higher than in 2023. It is a recovery after the fall in 2023.
Debt's share of the balance-sheet total falls from 57.5% to 48.5%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.
| THESE GUYS
establishment since 10-10-2014 · founded in 2014 |
1.9 FTE (2025) 0563.862.483 |
| GOVAERTS P.
establishment since 30-08-2000 · founded in 2000 |
total assets €171,259 (2025) 0471.380.606 |
| Excellence Squad
registered office since 30-05-2024 · founded in 2024 |
total assets €36,516 (2025) 1009.869.572 |
| Name | 2022 | 2023 | 2024 |
|---|---|---|---|
| THESE GUYS | 58% | ||
Source: list of holdings in its own accounts
The network starts from the directors of FLEXORIUS. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Dr. Vanderhoeydonckstraat 50 registered office 3560 Lummen | 09-05-2017 | 2.264.752.634 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71542D2424/00A000 | 5,726 m² | 1 · 634 m² | 22.0 m · 3 |
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