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FLEXSOR

Active
Private limited companyfounded 2025active for 1 yearHendrik van Veldekesingel 148, 3500 Hasselt, BelgiumKBO/BCE: BE 1025.289.901
Summary

The computed 12-month bankruptcy probability of FLEXSOR is 2.8% (moderate). The 2026 annual accounts show equity of €12,683 and a net result of €9,683. Its solvency ranks better than 10% of 726 sector peers (NACE 43, financial year 2026). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2026, micro format

Turnover
≈ €210,000
Estimated: probably between €170,000 and €290,000
Total assets
€241,123
Net result
€9,683
Working capital
€87,408

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €241,123
Equity €12,683
Debt €228,440
Debt finances 94.7% of the balance-sheet total.
Key figures and ratios
2026 value
EBITDA
€15,689
Cash flow
€10,457
Current ratio
1.57
Quick ratio
1.53
Debt to equity
18.01
ROE
76.3%
ROA
4.0%
Interest coverage
5.85
Debt ≤ 1 year
€153,440
Debt > 1 year
€75,000
Income taxes
€2,548
Staff costs
€38,598

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96.9% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.8% went bankrupt
1.2% stopped otherwise
96.9% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 514 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 · 39 lines
Balance sheet Code2026
Assets
Total assets20/58€241,123
Formation expenses20€275
Current assets29/58€240,848
Stocks and contracts in progress3€5,790
Stocks30/36€5,790
Amounts receivable within one year40/41€219,437
Trade receivables40€214,644
Other amounts receivable41€4,794
Cash at bank and in hand54/58€10,741
Deferred charges and accrued income490/1€4,879
Equity and liabilities
Total equity and liabilities10/49€241,123
Equity10/15€12,683
Contributions10/11€3,000
Reserves13€9,683
Distributable reserves133€9,683
Amounts payable17/49€228,440
Amounts payable after more than one year17€75,000
Financial debts170/4€75,000
Amounts payable within one year42/48€153,440
Trade debts44€113,954
Suppliers440/4€113,954
Taxes, remuneration and social security45€24,486
Taxes450/3€3,740
Remuneration and social security454/9€20,746
Other amounts payable47/48€15,000
Income statement Code2026
Remuneration, social security and pensions62€38,598
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€774
Other operating charges640/8€409
Gross operating margin9900€54,696
Operating profit (loss)9901€14,915
Financial charges65/66B€2,684
Recurring financial charges65€2,684
Profit (loss) for the period before taxes9903€12,231
Income taxes67/77€2,548
Profit (loss) for the period9904€9,683
Profit (loss) for the period to be appropriated9905€9,683
Appropriation of the result
Profit (loss) to be appropriated9906€9,683
Transfer to equity691/2€9,683
To other reserves6921€9,683

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2026
Remuneration, social security and pensions62€38,598
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€774
Other operating charges640/8€409
Gross operating margin9900€54,696
Operating profit (loss)9901€14,915
Financial charges65/66B€2,684
Recurring financial charges65€2,684
Profit (loss) for the period before taxes9903€12,231
Income taxes67/77€2,548
Profit (loss) for the period9904€9,683
Profit (loss) for the period to be appropriated9905€9,683
Line2026
Assets
Total assets20/58€241,123
Formation expenses20€275
Current assets29/58€240,848
Stocks and contracts in progress3€5,790
Stocks30/36€5,790
Amounts receivable within one year40/41€219,437
Trade receivables40€214,644
Other amounts receivable41€4,794
Cash at bank and in hand54/58€10,741
Deferred charges and accrued income490/1€4,879
Equity and liabilities
Total equity and liabilities10/49€241,123
Equity10/15€12,683
Contributions10/11€3,000
Reserves13€9,683
Distributable reserves133€9,683
Amounts payable17/49€228,440
Amounts payable after more than one year17€75,000
Financial debts170/4€75,000
Amounts payable within one year42/48€153,440
Trade debts44€113,954
Suppliers440/4€113,954
Taxes, remuneration and social security45€24,486
Taxes450/3€3,740
Remuneration and social security454/9€20,746
Other amounts payable47/48€15,000
Line2026
Profit (loss) for the period9904€9,683
+ Depreciation and write-downs630€774
Operating cash flow (approximation)€10,457

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-03-2026 micro format 06-10-2026 2026-00548101

Similar companies · same sector, comparable size

Of the 9,483 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,768. 2,973 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.