FLEXRENT
ActiveSummary
FLEXRENT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▼-9
Solvency32▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 58.03 against 11.42 in 2023; short-term debt: 1.7% and cash: 99.1% of total assets), but 93.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
6.6%
Return on assets
-4.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-20k
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 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
48 d early
2022
32 d early
2021
25 d early
2020
24 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€31k▼ 40.1%
2023 · €51k
Total assets
€461k▼ 28.0%
2023 · €640k
Net result
€-20k▼ 220%
2023 · €-6k
Working capital
€453k▼ 22.5%
2023 · €584k
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€-6k▼ 69.3%€3k€43k▲ 1,467%€22k▼ 48.2%€11k▼ 49.1%
Net result€-6k▼ 68.4%€3k€43k▲ 1,483%€-6k€-20k▼ 220%
Equity€12k▼ 35.3%€15k▲ 22.9%€57k▲ 294%€51k▼ 11.1%€31k▼ 40.1%
Total assets€17k▼ 22.8%€16k▼ 5.0%€564k▲ 3,335%€640k▲ 13.5%€461k▼ 28.0%
Debt€5k▲ 32.9%€2k▼ 65.5%€506k▲ 26,843%€589k▲ 16.3%€430k▼ 27.0%
Working capital€14k▼ 30.6%€16k▲ 9.0%€564k▲ 3,477%€584k▲ 3.6%€453k▼ 22.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €461k
Equity
€31k ▼ 40.1%
Debt
€430k ▼ 27.0%
Debt's share of the balance-sheet total rises from 92.0% to 93.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
58.03▲
2023 · 11.42
Debt to equity
14.08▲
2023 · 11.56
ROE
-66.8%▼
2023 · -12.5%
ROA
-4.4%▼
2023 · -1.0%
Debt ≤ 1 year
€8k▼
2023 · €56k
Debt > 1 year
€422k▼
2023 · €533k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89 | - | - | - | - | - |
| Other operating charges640/8 | - | €510 | €13k | €710 | €449 | ▼ 36.8% |
| Gross operating margin9900 | €-740 | €3k | €57k | €23k | €12k | ▼ 48.8% |
| Operating profit (loss)9901 | €-6k | €3k | €43k | €22k | €11k | ▼ 49.1% |
| Financial income75/76B | - | - | €795 | €0 | €0 | - |
| Recurring financial income75 | - | - | €795 | €0 | €0 | - |
| Financial charges65/66B | - | €64 | €1k | €29k | €32k | ▲ 10.3% |
| Recurring financial charges65 | €52 | €64 | €1k | €29k | €32k | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €-6k | €3k | €43k | €-6k | €-20k | ▼ 220% |
| Profit (loss) for the period9904 | €-6k | €3k | €43k | €-6k | €-20k | ▼ 220% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €3k | €43k | €-6k | €-20k | ▼ 220% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €16k | €564k | €640k | €461k | ▼ 28.0% |
| Current assets29/58 | €17k | €16k | €564k | €640k | €461k | ▼ 28.0% |
| Stocks and contracts in progress3 | €4k | - | €220k | €183k | €0 | ▼ 100% |
| Stocks30/36 | - | - | €220k | €183k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7k | - | €340k | €408k | €4k | ▼ 99.0% |
| Trade receivables40 | - | - | €93k | €230k | €4k | ▼ 98.2% |
| Other amounts receivable41 | - | - | €247k | €178k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €7k | €16k | €4k | €49k | €456k | ▲ 834% |
| Deferred charges and accrued income490/1 | - | - | - | €402 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €16k | €564k | €640k | €461k | ▼ 28.0% |
| Equity10/15 | €12k | €15k | €57k | €51k | €31k | ▼ 40.1% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €21k | €21k | €21k | €21k | €21k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-29k | €-26k | €17k | €10k | €-10k | ▼ 197% |
| Amounts payable17/49 | €5k | €2k | €506k | €589k | €430k | ▼ 27.0% |
| Amounts payable after more than one year17 | €3k | €1k | €505k | €533k | €422k | ▼ 20.8% |
| Other amounts payable178/9 | - | €1k | €505k | €533k | €422k | ▼ 20.8% |
| Amounts payable within one year42/48 | €3k | €655 | €49 | €56k | €8k | ▼ 85.8% |
| Trade debts44 | €891 | €10 | €49 | €54k | €384 | ▼ 99.3% |
| Suppliers440/4 | - | €10 | €49 | €54k | €384 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | €646 | €0 | €2k | €8k | ▲ 239% |
| Taxes450/3 | - | €646 | €0 | €2k | €8k | ▲ 239% |
| Other amounts payable47/48 | - | - | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €3k | €43k | €-6k | €-20k | ▼ 220% |
| + Depreciation and write-downs630 | €89 | - | - | - | - | - |
| Operating cash flow (approximation) | €-6k | €3k | €43k | €-6k | €-20k | ▼ 220% |
| Change in cash | - | €10k | €-13k | €45k | €408k | ▲ 803% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 58.03
Current ratio from 11.42 to 58.03; short-term debt falls from €56k to €8k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €43k ▲1,483%
Operating result €43k, net result €43k, both a record.
31-12
Financial
Liquidity times 457current ratio 11455.83
Current ratio from 25.05 to 11455.83; short-term debt falls from €655 to €49.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 25.05
Current ratio from 6.13 to 25.05; short-term debt falls from €3k to €655.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 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, Peer · 1 establishment unit since 2000
Ground area
366 m²
Building footprint
185 m²
Volume, LiDAR
821 m³
Parcel 72030D0373/00B002, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Flexrent
since 20002.115.713.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030D0373/00B002 | Flanders | 366 m² | 1 · 185 m² | 7.2 m · 1 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.
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Of 10,665 companies in sector 47811 we hold annual accounts for 5,218. 2,985 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
Founded24-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
46180Agents specialised in the wholesale of other particular products
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.