FLEXSO BRUSSELS
ActiveSummary
FLEXSO BRUSSELS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.42M and a net result of €-48k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 64% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-45
Solvency78▲+7
Growth69▼-3
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 1.89 in 2024; short-term debt: 44.2% and cash: 0.6% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.6%
Return on assets
-1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
26 d late
2023
8 d early
2022
10 d late
2021
24 d late
2020
17 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.07M▼ 12.7%
2024 · €16.12M
2018: €9.87Mlowest in 8 years
2019: €11.29M▲ +14.3% vs 2018
2020: €11.37M▲ +0.8% vs 2019
2021: €13.52M▲ +18.8% vs 2020
2022: €11.72M▼ -13.3% vs 2021
2023: €17.02M▲ +45.2% vs 2022highest in 8 years
2024: €16.12M▼ -5.3% vs 2023
2025: €14.07M▼ -12.7% vs 2024
2018 → 2025
EBIT margin
0.2%▼ 6.4pp
2024 · 6.6%
2018: -0.4%
2019: 9.3%▲ +2465% vs 2018highest in 8 years
2020: 4.8%▼ -48.5% vs 2019
2021: 6.8%▲ +40.8% vs 2020
2022: -2.0%▼ -129% vs 2021lowest in 8 years
2023: 5.7%▲ +394% vs 2022
2024: 6.6%▲ +15.7% vs 2023
2025: 0.2%▼ -97.1% vs 2024
2018 → 2025
Net result
€-48k
2024 · €726k
2018: €-104k
2019: €670k▲ +746% vs 2018
2020: €364k▼ -45.7% vs 2019
2021: €644k▲ +77.3% vs 2020
2022: €-261k▼ -141% vs 2021lowest in 8 years
2023: €650k▲ +349% vs 2022
2024: €726k▲ +11.7% vs 2023highest in 8 years
2025: €-48k▼ -107% vs 2024
2018 → 2025
Working capital
€2.46M▲ 1.0%
2024 · €2.44M
2018: €1.64M
2019: €2.32M▲ +41.8% vs 2018
2020: €2.73M▲ +17.8% vs 2019highest in 8 years
2021: €1.22M▼ -55.2% vs 2020
2022: €968k▼ -21.0% vs 2021lowest in 8 years
2023: €1.65M▲ +70.3% vs 2022
2024: €2.44M▲ +47.9% vs 2023
2025: €2.46M▲ +1.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.52M-€11.72M▼ 13.3%€17.02M▲ 45.2%€16.12M▼ 5.3%€14.07M▼ 12.7%
2021: €13.52M
2022: €11.72M▼ -13.3% vs 2021lowest in 5 years
2023: €17.02M▲ +45.2% vs 2022highest in 5 years
2024: €16.12M▼ -5.3% vs 2023
2025: €14.07M▼ -12.7% vs 2024
Equity€1.36M-€1.09M▼ 19.3%€1.74M▲ 59.4%€2.47M▲ 41.6%€2.42M▼ 2.0%
2021: €1.36M
2022: €1.09M▼ -19.3% vs 2021lowest in 5 years
2023: €1.74M▲ +59.4% vs 2022
2024: €2.47M▲ +41.6% vs 2023highest in 5 years
2025: €2.42M▼ -2.0% vs 2024
Operating result€914k-€-229k€976k€1.07M▲ 9.5%€27k▼ 97.5%
2021: €914k
2022: €-229k▼ -125% vs 2021lowest in 5 years
2023: €976k▲ +527% vs 2022
2024: €1.07M▲ +9.5% vs 2023highest in 5 years
2025: €27k▼ -97.5% vs 2024
Net result€644k-€-261k€650k€726k▲ 11.7%€-48k
2021: €644k
2022: €-261k▼ -141% vs 2021lowest in 5 years
2023: €650k▲ +349% vs 2022
2024: €726k▲ +11.7% vs 2023highest in 5 years
2025: €-48k▼ -107% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.60M
Fixed assets
€105k ▼ 24.9%
Current assets
€4.50M ▼ 13.4%
Equity and liabilities €4.60M
Equity
€2.42M ▼ 2.0%
Provisions
€6k
Debt
€2.17M ▼ 24.1%
Debt's share of the balance-sheet total falls from 53.7% to 47.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€105k▼
2024 · €1.14M
Cash flow
€29k▼
2024 · €799k
Current ratio
2.21▲
2024 · 1.89
Quick ratio
2.13▲
2024 · 1.87
Debt to equity
0.90▼
2024 · 1.16
ROE
-2.0%▼
2024 · 29.4%
ROA
-1.1%▼
2024 · 13.6%
Interest coverage
1.55▼
2024 · 19.86
Debt ≤ 1 year
€2.03M▼
2024 · €2.75M
Income taxes
€32k▼
2024 · €291k
Staff costs
€3.87M▲
2024 · €3.51M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.33M€4.60M▼
Fixed assets21/28€140k€105k▼
Tangible fixed assets22/27€140k€105k▼
Land and buildings22€975€535▼
Plant, machinery and equipment23€71k€70k▼
Furniture and vehicles24€19k€9k▼
Other tangible fixed assets26€49k€26k▼
Current assets29/58€5.19M€4.50M▼
Stocks and contracts in progress3€49k€160k▲
Contracts in progress37€49k€160k▲
Amounts receivable within one year40/41€5.00M€4.21M▼
Trade receivables40€3.40M€2.52M▼
Other amounts receivable41€1.60M€1.69M▲
Cash at bank and in hand54/58€70k€27k▼
Deferred charges and accrued income490/1€74k€99k▲
Equity and liabilities
Total equity and liabilities10/49€5.33M€4.60M▼
Equity10/15€2.47M€2.42M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.41M€2.36M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€408k€211k▼
Distributable reserves133€1.99M€2.14M▲
Profit (loss) carried forward14€316€56▼
Provisions and deferred taxes16-€6k
Provisions for liabilities and charges160/5-€6k
Pensions and similar obligations160-€6k
Amounts payable17/49€2.86M€2.17M▼
Amounts payable within one year42/48€2.75M€2.03M▼
Trade debts44€1.97M€1.49M▼
Suppliers440/4€1.97M€1.49M▼
Advances received on contracts in progress46€13k€4k▼
Taxes, remuneration and social security45€769k€536k▼
Taxes450/3€294k€103k▼
Remuneration and social security454/9€475k€433k▼
Accrued charges and deferred income492/3€108k€140k▲
Income statement
Code20242025
Turnover70€16.12M€14.07M▼
Goods, raw materials, services and sundry goods60/61€11.65M€10.31M▼
Remuneration, social security and pensions62€3.51M€3.87M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€78k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€16k▼
Other operating charges640/8€22k€17k▼
Gross operating margin9900€4.71M€4.01M▼
Operating profit (loss)9901€1.07M€27k▼
Financial income75/76B€6k€24k▲
Recurring financial income75€6k€24k▲
Financial charges65/66B€57k€68k▲
Recurring financial charges65€57k€68k▲
Profit (loss) for the period before taxes9903€1.02M€-17k▼
Income taxes67/77€291k€32k▼
Profit (loss) for the period9904€726k€-48k▼
Transfer from tax-exempt reserves789€240k€198k▼
Transfer to tax-exempt reserves689€211k-
Profit (loss) for the period to be appropriated9905€756k€150k▼
Appropriation of the result
Profit (loss) to be appropriated9906€756k€150k▼
Profit (loss) brought forward from the previous period14P€694€316▼
Transfer from equity791/2-€48k
Transfer to equity691/2€756k€198k▼
To other reserves6921€756k€198k▼
Social balance
Average headcount (FTE)908739.042.0▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €12.66M | €14.17M | €15.42M | - | - | - |
| Turnover70 | €13.52M | €11.72M | €17.02M | €16.12M | €14.07M | ▼ 12.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €-988k | €2.32M | €-1.75M | - | - | - |
| Other operating income74 | €132k | €129k | €146k | - | - | - |
| Non-recurring operating income76A | - | - | €140 | - | - | - |
| Operating charges60/66A | €11.75M | €14.39M | €14.44M | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €11.65M | €10.31M | ▼ 11.5% |
| Goods for resale, raw materials and consumables60 | €7.84M | €9.10M | €9.89M | - | - | - |
| Purchases600/8 | €7.84M | €9.10M | €9.89M | - | - | - |
| Services and other goods61 | €1.38M | €1.53M | €1.60M | - | - | - |
| Remuneration, social security and pensions62 | €2.77M | €3.45M | €3.03M | €3.51M | €3.87M | ▲ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €68k | €72k | €73k | €78k | ▲ 6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-287k | €224k | €-166k | €36k | €16k | ▼ 57.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-2k | - | - | - | - |
| Other operating charges640/8 | €10k | €15k | €15k | €22k | €17k | ▼ 21.4% |
| Non-recurring operating charges66A | €10k | - | - | - | - | - |
| Gross operating margin9900 | - | - | - | €4.71M | €4.01M | ▼ 14.8% |
| Operating profit (loss)9901 | €914k | €-229k | €976k | €1.07M | €27k | ▼ 97.5% |
| Financial income75/76B | €3k | €4k | €4k | €6k | €24k | ▲ 321% |
| Recurring financial income75 | €3k | €4k | €4k | €6k | €24k | ▲ 321% |
| Income from current assets751 | €3k | €1k | - | - | - | - |
| Other financial income752/9 | €0 | €2k | €4k | - | - | - |
| Financial charges65/66B | €30k | €33k | €88k | €57k | €68k | ▲ 17.6% |
| Recurring financial charges65 | €30k | €33k | €88k | €57k | €68k | ▲ 17.6% |
| Debt charges650 | €27k | €31k | €86k | - | - | - |
| Other financial charges652/9 | €2k | €2k | €2k | - | - | - |
| Profit (loss) for the period before taxes9903 | €887k | €-258k | €892k | €1.02M | €-17k | ▼ 102% |
| Income taxes67/77 | €243k | €4k | €242k | €291k | €32k | ▼ 89.1% |
| Taxes670/3 | €255k | €4k | €242k | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €12k | - | - | - | - | - |
| Profit (loss) for the period9904 | €644k | €-261k | €650k | €726k | €-48k | ▼ 107% |
| Transfer from tax-exempt reserves789 | - | - | - | €240k | €198k | ▼ 17.5% |
| Transfer to tax-exempt reserves689 | €274k | - | - | €211k | - | - |
| Profit (loss) for the period to be appropriated9905 | €371k | €-261k | €650k | €756k | €150k | ▼ 80.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.83M | €4.55M | €4.92M | €5.33M | €4.60M | ▼ 13.7% |
| Fixed assets21/28 | €217k | €213k | €171k | €140k | €105k | ▼ 24.9% |
| Tangible fixed assets22/27 | €217k | €213k | €171k | €140k | €105k | ▼ 24.9% |
| Land and buildings22 | - | - | - | €975 | €535 | ▼ 45.2% |
| Plant, machinery and equipment23 | €78k | €69k | €64k | €71k | €70k | ▼ 1.4% |
| Furniture and vehicles24 | €47k | €40k | €30k | €19k | €9k | ▼ 55.3% |
| Other tangible fixed assets26 | €92k | €103k | €76k | €49k | €26k | ▼ 46.4% |
| Current assets29/58 | €5.61M | €4.34M | €4.75M | €5.19M | €4.50M | ▼ 13.4% |
| Stocks and contracts in progress3 | €384k | €895k | €243k | €49k | €160k | ▲ 226% |
| Contracts in progress37 | €384k | €895k | €243k | €49k | €160k | ▲ 226% |
| Amounts receivable within one year40/41 | €5.09M | €3.30M | €4.38M | €5.00M | €4.21M | ▼ 15.8% |
| Trade receivables40 | €3.09M | €3.15M | €4.38M | €3.40M | €2.52M | ▼ 25.8% |
| Other amounts receivable41 | €2.01M | €154k | €357 | €1.60M | €1.69M | ▲ 5.3% |
| Cash at bank and in hand54/58 | €28k | €39k | €65k | €70k | €27k | ▼ 60.7% |
| Deferred charges and accrued income490/1 | €104k | €100k | €65k | €74k | €99k | ▲ 34.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.83M | €4.55M | €4.92M | €5.33M | €4.60M | ▼ 13.7% |
| Equity10/15 | €1.36M | €1.09M | €1.74M | €2.47M | €2.42M | ▼ 2.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €1.29M | €1.03M | €1.68M | €2.41M | €2.36M | ▼ 2.0% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €438k | €438k | €438k | €408k | €211k | ▼ 48.5% |
| Distributable reserves133 | €849k | €588k | €1.24M | €1.99M | €2.14M | ▲ 7.5% |
| Profit (loss) carried forward14 | €913 | €506 | €694 | €316 | €56 | ▼ 82.2% |
| Provisions and deferred taxes16 | €2k | - | - | - | €6k | - |
| Provisions for liabilities and charges160/5 | €2k | - | - | - | €6k | - |
| Pensions and similar obligations160 | €2k | - | - | - | €6k | - |
| Amounts payable17/49 | €4.47M | €3.46M | €3.18M | €2.86M | €2.17M | ▼ 24.1% |
| Amounts payable within one year42/48 | €4.39M | €3.37M | €3.10M | €2.75M | €2.03M | ▼ 26.2% |
| Trade debts44 | €1.65M | €1.82M | €2.13M | €1.97M | €1.49M | ▼ 24.3% |
| Suppliers440/4 | €1.65M | €1.82M | €2.13M | €1.97M | €1.49M | ▼ 24.3% |
| Advances received on contracts in progress46 | €71k | €28k | - | €13k | €4k | ▼ 73.2% |
| Taxes, remuneration and social security45 | €645k | €759k | €768k | €769k | €536k | ▼ 30.3% |
| Taxes450/3 | €236k | €162k | €330k | €294k | €103k | ▼ 65.0% |
| Remuneration and social security454/9 | €409k | €597k | €438k | €475k | €433k | ▼ 8.8% |
| Other amounts payable47/48 | €2.03M | €767k | €204k | - | - | - |
| Accrued charges and deferred income492/3 | €84k | €87k | €75k | €108k | €140k | ▲ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €644k | €-261k | €650k | €726k | €-48k | ▼ 107% |
| + Depreciation and write-downs630 | €27k | €68k | €72k | €73k | €78k | ▲ 6.9% |
| Operating cash flow (approximation) | €671k | €-193k | €722k | €799k | €29k | ▼ 96.3% |
| Investment in fixed assets (approximation) | - | €-64k | €-30k | €-42k | €-43k | ▼ 1.5% |
| Change in cash | - | €11k | €25k | €5k | €-42k | ▼ 944% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €726k ▲11.7%
Operating result €1.07M, net result €726k, both a record.
31-12
Financial
Equity above €2MEq €2.47M ▲41.6%
2 profitable years in a row build equity to €2.47M.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €650k
Net result €650k after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet €-261k
Net result drops to €-261k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €670k
Net result €670k after one loss-making year.
Show earlier events
31-12
Financial
Equity above €2MEq €2.35M ▲39.9%
Equity rises from €1.68M to €2.35M.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Mont-Saint-Guibert · 1 establishment unit since 2008
Ground area
6.2 ha
Building footprint
17 m²
Volume, LiDAR
117 m³
Parcel 25020B0074/00B002, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
Flexso Brussels
since 20082.171.999.749
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020B0074/00B002 | Wallonia | 6.2 ha | 1 · 17 m² | 7.8 m · 2 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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Identification & contact
Identification
Legal formPublic limited company
Founded30-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.