FLEXTHOR
ActiveFLEXTHOR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-486. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 16941 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
10
/ 100
Critical▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+35
Solvency37▼-19
Growth22▼-10
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-33.1%
Return on assets
-8.8%
Age of the figures
9 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€2k
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 04-06-2026, 57 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
57 d early
2024
7 d late
2023
30 d late
2022
31 d late
2021
45 d late
2020
10 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€12k▼ 16.0%
2024 · €14k
2024: €14k
2024 → 2025
EBIT margin
-3.8%▲ 35.3pp
2024 · -39.0%
2024: -39.0%
2024 → 2025
Net result
€-486▲ 91.1%
2024 · €-5k
2020: €7k
2021: €-11k
2022: €-4k
2023: €-10k
2024: €-5k
2020 → 2025
Working capital
€-2k▼ 1,956%
2024 · €-114
2020: €8k
2021: €-3k
2022: €-8k
2023: €-3k
2024: €-114
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14k€12k▼ 16.0%
Equity€-2k-€-6k▼ 217%€-2k▲ 71.0%€759€-2k
Operating result€-11k-€-4k▲ 60.0%€-10k▼ 142%€-5k▲ 47.2%€-442▲ 91.9%
Net result€-11k-€-4k▲ 58.4%€-10k▼ 133%€-5k▲ 47.3%€-486▲ 91.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €442 in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€517▼ 40.8%
Current assets
€5k▲ 330%
Key figures and ratios
EBITDA
€-86▲
2024 · €-5k
Cash flow
€-130▲
2024 · €-5k
Solvency
-33.1%
Current ratio
0.68
Quick ratio
0.68
Debt / equity
-4.02
ROE
26.6%
ROA
-8.8%
Interest coverage
-1.90▲
2024 · -116.67
Debt
€7k▲
2024 · €1k
Debt ≤ 1 year
€7k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2k€6k▲
Fixed assets21/28€873€517▼
Tangible fixed assets22/27€873€517▼
Furniture and vehicles24€873€517▼
Current assets29/58€1k€5k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40€914€5k▲
Other amounts receivable41€169-
Cash at bank and in hand54/58€81€17▼
Equity and liabilities
Total equity and liabilities10/49€2k€6k▲
Equity10/15€759€-2k▼
Contributions10/11€19k€17k▼
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-25k€-25k▼
Amounts payable17/49€1k€7k▲
Amounts payable within one year42/48€1k€7k▲
Trade debts44€1k€984▼
Suppliers440/4€1k€984▼
Taxes, remuneration and social security45-€456
Taxes450/3-€456
Other amounts payable47/48-€6k
Income statement
Code20242025
Turnover70€14k€12k▼
Goods, raw materials, services and sundry goods60/61€19k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€356€356=
Other operating charges640/8€62€530▲
Gross operating margin9900€-5k€444▲
Operating profit (loss)9901€-5k€-442▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€43€45▲
Recurring financial charges65€43€45▲
Profit (loss) for the period before taxes9903€-5k€-486▲
Profit (loss) for the period9904€-5k€-486▲
Profit (loss) for the period to be appropriated9905€-5k€-486▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-25k▲
Profit (loss) brought forward from the previous period14P€-26k€-25k▲
Shareholders' contribution to the loss794€6k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-12
Financial
Weakest financial yearnet €-11k ▼261%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Het Dorp 303500 HasseltGround area
397 m²
Building footprint
118 m²
Volume, LiDAR
1,330 m³
Parcel 71022H1351/00S000, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Flexthor
since 20202.309.794.187
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1351/00S000 | Flanders | 397 m² | 1 · 118 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 16,813 companies in sector 62100 we hold annual accounts for 8,747. 808 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2020
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.flexthor.com