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FLEXTILE

Active
Private limited companyfounded 20206 years activeHanebergstraat 55, 3581 Beringen, BelgiumKBO/BCE: BE 0743.977.132
Summary

The computed 12-month bankruptcy probability of FLEXTILE is 5.1% (elevated). The 2024 annual accounts show equity of €54,466 and a net result of €18,063. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 36,395 sector peers (NACE 43, fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Floor and wall tiling
NACE 43331
1 site
Size
€176,698turnover 2024
Equity
€54,466
Profit
€18,063
Financial health
39 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.1%
Structure
Accounts 69 days overdue0 of 3 deeds read
Why 39- 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late- Figures for FY 2024 (filed 10-10-2025)- Founded in 2020- Size: turnover €176,698, total assets €127,276Show the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 57% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 68-10
equity 42.8% of total assets
Liquidity 45-3
short-term debt 28.5% · cash 5.0%
Profitability 89+16
return on assets 14.2%
Bankruptcy probability, 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,518 companies)
Last 24 months 11-2024: 2.9% 12-2024: 2.9%● unchanged vs 11-2024 01-2025: 2.9%● unchanged vs 12-2024 02-2025: 3.0%▲ +0.1 percentage points vs 01-2025 03-2025: 2.9%▼ -0.1 percentage points vs 02-2025 04-2025: 2.9%● unchanged vs 03-2025 05-2025: 3.2%▲ +0.3 percentage points vs 04-2025 06-2025: 3.0%▼ -0.2 percentage points vs 05-2025 07-2025: 3.0%● unchanged vs 06-2025 08-2025: 3.7%▲ +0.7 percentage points vs 07-2025 09-2025: 4.1%▲ +0.4 percentage points vs 08-2025 10-2025: 7.0%▲ +2.9 percentage points vs 09-2025highest value 11-2025: 3.5%▼ -3.5 percentage points vs 10-2025 12-2025: 3.5%● unchanged vs 11-2025 01-2026: 3.6%▲ +0.1 percentage points vs 12-2025 02-2026: 3.7%▲ +0.1 percentage points vs 01-2026 03-2026: 3.6%▼ -0.1 percentage points vs 02-2026 04-2026: 3.7%▲ +0.1 percentage points vs 03-2026 05-2026: 3.1%▼ -0.6 percentage points vs 04-2026 06-2026: 2.9%▼ -0.2 percentage points vs 05-2026lowest value 07-2026: 2.9%● unchanged vs 06-2026 08-2026: 3.5%▲ +0.6 percentage points vs 07-2026 09-2026: 3.6%▲ +0.1 percentage points vs 08-2026 10-2026: 5.1%▲ +1.5 percentage points vs 09-2026
Credit up to €2,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.0 against 2.11 in 2023; short-term debt: 28.5% and cash: 5% of total assets), but 57.2% of the assets are financed with debt.
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 43, micro): better than 46% on solvency, 35% on liquidity, 75% on profitability and 70% on growth.

The bankruptcy probability was computed on 07-10-2026 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).

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Signals

Five signals.
+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for FY 2024 (filed 10-10-2025)
NBB · annual accounts
raises risk · Founded in 2020
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Size: turnover €176,698, total assets €127,276
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
71 days late
2023
90 days late
2022
6 days early
2021
1 day late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2021net €18,063 ▲82.5%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Turnover 20243 fiscal years filed €176,698 View
  • Active since 2020founded 21-02-2020 6 years View

By topic

Financials

Fiscal year
2024
Turnover
€176,698
Profit
€18,063
Solvency
42.8%
Turnover▲ 6.0%
Net result
20222024
Go to Financials

Timeline

Events
6
Since
2022
  1. 25-07-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 01-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Floor and wall tilingNACE 43331
Founded
21-02-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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