FleXSo
ActiveSummary
FleXSo has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.0m and a net result of €2.3m. Equity is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 66% of 1,675 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 116 FTE
- Equity
- €19.0m
- Profit
- €2.3m
- Parent
- De Cronos Groep · 90%
- Holdings
- 7
Why 94raises riskLiquidity: current ratio 2.62, cash €72,609, halvedlowers riskSize: turnover €50.7m, 116 FTE, total assets €34.9mEquity €19.0m (54.5% of total assets)Founded in 2004Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, medium-sized): better than 70% on solvency, 41% on liquidity, 56% on profitability and 41% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424219.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 70% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,579 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 96.7% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,579 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €39.2m | €42.4m | €46.7m | €55.2m | €60.8m | ▲ 10.2% |
| Turnover70 | €31.5m | €29.5m | €29.4m | €35.2m | €42.9m | €43.8m | €52.9m | €50.7m | ▼ 4.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €1.5m | -€3.0m | -€0.6m | €0.5m | €6.7m | ▲ 12× |
| Other operating income74 | - | - | - | €2.4m | €2.5m | €3.5m | €1.7m | €3.3m | ▲ 95.5% |
| Non-recurring operating income76A | - | - | - | - | €0.004m | €420 | €0.04m | €0.03m | ▼ 29.3% |
| Operating charges60/66A | - | - | - | €37.2m | €39.9m | €43.9m | €53.4m | €57.8m | ▲ 8.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €25.4m | €27.6m | €27.4m | €33.2m | €37.9m | ▲ 14.4% |
| Purchases600/8 | - | - | - | €25.4m | €27.6m | €27.4m | €33.2m | €37.9m | ▲ 14.4% |
| Services and other goods61 | - | - | - | €3.8m | €4.2m | €5.5m | €7.8m | €7.5m | ▼ 4.0% |
| Remuneration, social security and pensions62 | - | - | - | €7.8m | €9.1m | €10.8m | €11.8m | €11.4m | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.08m | €0.07m | €0.09m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.04m | -€1.2m | -€0.08m | €0.3m | €0.6m | ▲ 80.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€0.007m | €342 | €0.001m | €0.01m | ▲ 13× |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.06m | €0.05m | €0.03m | ▼ 33.0% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | €0.002m | - | €0.05m | - |
| Operating profit (loss)9901 | €2.4m | €4.4m | €1.0m | €1.9m | €2.5m | €2.9m | €1.8m | €3.0m | ▲ 69.5% |
| Financial income75/76B | - | - | - | €0.05m | €2.4m | €0.3m | €1.3m | €0.4m | ▼ 70.3% |
| Recurring financial income75 | €0.6m | €0.09m | €0.05m | €0.05m | €2.4m | €0.3m | €1.2m | €0.4m | ▼ 71.7% |
| Income from financial fixed assets750 | - | - | - | - | €2.3m | - | €0.8m | - | - |
| Income from current assets751 | - | - | - | €0.05m | €0.08m | €0.3m | €0.4m | €0.3m | ▼ 15.3% |
| Other financial income752/9 | - | - | - | €99 | €0.02m | €0.009m | €0.01m | €0.02m | ▲ 130% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0.05m | €0.03m | ▼ 34.2% |
| Financial charges65/66B | - | - | - | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 9.5% |
| Recurring financial charges65 | €0.07m | €0.07m | €0.08m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 9.5% |
| Debt charges650 | €0.07m | €0.07m | €0.08m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 9.3% |
| Other financial charges652/9 | - | - | - | €0.003m | €0.001m | €0.02m | €0.006m | €0.007m | ▲ 18.6% |
| Profit (loss) for the period before taxes9903 | €2.8m | €4.5m | €1.0m | €1.9m | €4.8m | €3.1m | €2.9m | €3.2m | ▲ 10.5% |
| Income taxes67/77 | €0.7m | €1.3m | €0.3m | €0.5m | €0.7m | €0.9m | €0.6m | €0.9m | ▲ 40.3% |
| Taxes670/3 | - | - | - | €0.5m | €0.7m | €0.9m | €0.7m | €0.9m | ▲ 32.1% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.01m | - | €0.007m | €0.04m | €27 | ▼ 99.9% |
| Profit (loss) for the period9904 | €2.1m | €3.2m | €0.7m | €1.4m | €4.1m | €2.2m | €2.2m | €2.3m | ▲ 2.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.2m | €1.1m | €0.2m | ▼ 78.8% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.08m | - | €0.5m | €0.1m | €0.4m | ▲ 240% |
| Profit (loss) for the period to be appropriated9905 | €2.1m | €3.1m | -€0.5m | €1.3m | €4.1m | €1.9m | €3.2m | €2.2m | ▼ 33.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20.6m | €21.4m | €23.9m | €22.2m | €26.4m | €28.5m | €28.8m | €34.9m | ▲ 21.0% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €1.5m | €2.0m | €2.1m | €2.3m | €2.1m | ▼ 8.5% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €0.01m | - |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.1m | €0.5m | €0.5m | €0.7m | €0.8m | €0.6m | ▼ 26.0% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 12.6% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.07m | €0.1m | €0.1m | €0.09m | ▼ 31.7% |
| Leasing and similar rights25 | - | - | - | - | €0.003m | €0.002m | €0.02m | €0.02m | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.2m | ▼ 33.8% |
| Financial fixed assets28 | €0.9m | €0.9m | €0.9m | €1.0m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.2% |
| Affiliated companies280/1 | - | - | - | €1.0m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 1.9% |
| Participating interests280 | - | - | - | €1.0m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 1.9% |
| Other financial fixed assets284/8 | - | - | - | - | - | - | €0.06m | €0.09m | ▲ 53.3% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | - | €0.06m | €0.09m | ▲ 53.3% |
| Current assets29/58 | €19.5m | €20.3m | €22.9m | €20.7m | €24.4m | €26.4m | €26.5m | €32.8m | ▲ 23.6% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.8m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.8m | - |
| Stocks and contracts in progress3 | €0.09m | €0.05m | €0.06m | €0.3m | €0.3m | - | €0.005m | €0.06m | ▲ 12× |
| Contracts in progress37 | - | - | - | €0.3m | €0.3m | - | €0.005m | €0.06m | ▲ 12× |
| Amounts receivable within one year40/41 | €17.8m | €17.6m | €21.8m | €19.6m | €23.3m | €25.0m | €25.8m | €30.3m | ▲ 17.3% |
| Trade receivables40 | - | - | - | €11.3m | €12.8m | €13.0m | €11.0m | €13.7m | ▲ 24.3% |
| Other amounts receivable41 | - | - | - | €8.4m | €10.4m | €12.0m | €14.8m | €16.6m | ▲ 12.1% |
| Cash at bank and in hand54/58 | €1.4m | €0.4m | €0.4m | €0.2m | €0.4m | €0.8m | €0.2m | €0.07m | ▼ 54.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.5m | €0.4m | €0.6m | €0.5m | €1.5m | ▲ 192% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20.6m | €21.4m | €23.9m | €22.2m | €26.4m | €28.5m | €28.8m | €34.9m | ▲ 21.0% |
| Equity10/15 | €10.0m | €13.2m | €13.9m | €12.2m | €16.3m | €16.5m | €17.7m | €19.0m | ▲ 7.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €9.9m | €13.1m | €13.8m | €12.2m | €16.3m | €16.4m | €17.7m | €19.0m | ▲ 7.3% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €1.4m | €1.4m | €1.6m | €0.7m | €0.8m | ▲ 19.4% |
| Distributable reserves133 | - | - | - | €10.8m | €14.9m | €14.8m | €17.0m | €18.2m | ▲ 6.8% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €0.001m | €33 | €362 | €44 | €0.001m | ▲ 20× |
| Provisions and deferred taxes16 | - | €0.003m | €0.007m | €0.007m | - | €342 | €0.002m | €0.02m | ▲ 985% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.007m | - | €342 | €0.002m | €0.02m | ▲ 985% |
| Pensions and similar obligations160 | - | - | - | €0.007m | - | €342 | €0.002m | €0.02m | ▲ 985% |
| Amounts payable17/49 | €10.6m | €8.2m | €10.1m | €10.0m | €10.0m | €12.0m | €11.1m | €15.9m | ▲ 42.9% |
| Amounts payable within one year42/48 | €10.5m | €8.2m | €10.0m | €9.7m | €8.4m | €10.2m | €10.6m | €12.5m | ▲ 17.9% |
| Trade debts44 | €5.7m | €6.0m | €6.6m | €6.3m | €6.6m | €7.4m | €8.1m | €9.5m | ▲ 18.0% |
| Suppliers440/4 | - | - | - | €6.3m | €6.6m | €7.4m | €8.1m | €9.5m | ▲ 18.0% |
| Advances received on contracts in progress46 | - | - | - | €0.002m | - | - | €0.3m | €0.9m | ▲ 160% |
| Taxes, remuneration and social security45 | - | - | - | €1.4m | €1.8m | €2.7m | €2.2m | €2.1m | ▼ 6.8% |
| Taxes450/3 | - | - | - | €0.4m | €0.5m | €1.2m | €0.7m | €0.6m | ▼ 14.0% |
| Remuneration and social security454/9 | - | - | - | €1.0m | €1.3m | €1.5m | €1.5m | €1.4m | ▼ 3.3% |
| Other amounts payable47/48 | - | - | - | €2.0m | €0.002m | €0.08m | - | €0.06m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €1.7m | €1.9m | €0.5m | €3.3m | ▲ 615% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.1m | €3.2m | €0.7m | €1.4m | €4.1m | €2.2m | €2.2m | €2.3m | ▲ 2.1% |
| + Depreciation and write-downs630 | €0.09m | €0.08m | €0.07m | €0.09m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 14.4% |
| Operating cash flow (approximation) | €2.2m | €3.3m | €0.8m | €1.4m | €4.3m | €2.4m | €2.5m | €2.6m | ▲ 3.5% |
| Investment in fixed assets (approximation) | - | -€0.05m | -€0.06m | -€0.5m | -€0.7m | -€0.3m | -€0.5m | -€0.1m | ▲ 72.1% |
| Change in cash | - | -€1.0m | -€0.01m | -€0.2m | €0.2m | €0.4m | -€0.7m | -€0.09m | ▲ 87.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-08-2026 | 2026-00424219 |
| 31-12-2024 | full format | 22-08-2025 | 2025-00400441 |
| 31-12-2023 | full format | 23-07-2024 | 2024-00289567 |
| 31-12-2022 | full format | 10-08-2023 | 2023-00325733 |
| 31-12-2021 | full format | 29-08-2022 | 2022-20334628 |
| 31-12-2020 | full format | 13-07-2021 | 2021-35000398 |
| 31-12-2019 | full format | 14-07-2020 | 2020-30000217 |
| 31-12-2018 | full format | 02-07-2019 | 2019-26900085 |
| 31-12-2017 | full format | 13-07-2018 | 2018-33600103 |
| 31-12-2016 | full format | 24-08-2017 | 2017-47500490 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €6,608 awarded · €6,608 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,156 | €2,156 |
| 2023 | 1 | €4,452 | €4,452 |
Public contracts
Show 3 more contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| KPMG Bedrijfsrevisoren BV |
|
Owners and capital
Owners
1 ownerChain of control
- Nuclys
- De Cronos Groep
- FleXSo
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
-
90%
According to the 2025 annual accounts of FleXSo and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
7 holdings · 8 subsidiaries in the treeHoldings 7
Source for every holding own accounts 2025
-
95%
-
95%
- Flexso BVNLsubsidiaryEquity -€355,931Result €60,47190.02%
-
90%
-
85%
- Flexso Luxembourg SALUsubsidiaryEquity €304,921Result -€180,32685%
-
80%
All subsidiaries, including indirect ones 8
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Flexso Analytics 95%
- Flexso Supply Chain 95%
- Flexso BVNL 90.02%
- Flexso Digital 90%
Flexso for People 85%1 subsidiary
- Flexso for People GmbHAT 90%
- Flexso Luxembourg SALU 85%
- FLEXSO BRUSSELS 80%
According to the 2025 annual accounts of FleXSo and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
09-07
Gazette deed
Permanent representatives: Filip De Bock, Gwen Cleirbaut and Dirk Deroost5 facts ▸
- Board meeting, 23-10-2023
- Other provision, “commissaris, commissaris van de Vennootschap” (deed in Dutch)
- Permanent representative, Filip De Bock (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Gwen Cleirbaut (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Dirk Deroost
15-09
Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Dirk Deroost5 facts ▸
- General meeting, 11-07-2023
- Other provision, “einde mandaat commissaris, jaarvergadering van 2023” (deed in Dutch)
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Dirk Deroost
- Other provision, “neerlegging ter griffie kopie”, 23118600 (deed in Dutch)
Show earlier events
About the unread acts
Of the 14 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 |
| 11024B0130/00E002 | Flanders | 3,317 m² | 1 · 736 m² | 14.2 m · 4 |
| 11024B0091/00R002 | Flanders | 1,042 m² | 1 · 339 m² | 12.5 m · 2 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 09-07-2024
Read from the deeds: 1 provision, deed of 09-07-2024