FLEXU
ActiveSummary
FLEXU has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,273 and a net result of €12,150. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+2
Solvency95▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 3.01 in 2024; short-term debt: 29.8% and cash: 16.1% of total assets), and 30.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
69.7%
Return on assets
5.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% 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
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
126 d early
2023
76 d early
2022
94 d early
2021
117 d early
2020
89 d early
2019
94 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 94 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?ITZU · 15 companies
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Financials · fiscal year 2025, abbreviated schema
Equity
€167,273▲ 7.8%
2024 · €155,123
Total assets
€239,933▲ 2.6%
2024 · €233,942
Net result
€12,150▲ 40.7%
2024 · €8,633
Working capital
€72,191▼ 53.7%
2024 · €156,008
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€103,930▲ 24.4%€128,143▲ 23.3%€40,442▼ 68.4%€11,631▼ 71.2%€16,350▲ 40.6%
Net result€102,072above the sector's middle half▲ 22.8%€95,515within the sector's middle half▼ 6.4%€30,300within the sector's middle half▼ 68.3%€8,633within the sector's middle half▼ 71.5%€12,150within the sector's middle half▲ 40.7%
Equity€20,675within the sector's middle half▲ 0.3%€116,190within the sector's middle half▲ 462%€146,490within the sector's middle half▲ 26.1%€155,123within the sector's middle half▲ 5.9%€167,273within the sector's middle half▲ 7.8%
Total assets€289,242within the sector's middle half▲ 110%€227,875below the sector's middle half▼ 21.2%€209,074below the sector's middle half▼ 8.3%€233,942below the sector's middle half▲ 11.9%€239,933below the sector's middle half▲ 2.6%
Debt€268,567▲ 129%€111,685▼ 58.4%€62,584▼ 44.0%€78,819▲ 25.9%€72,660▼ 7.8%
Working capital€6,489▼ 32.8%€112,510▲ 1,634%€146,298▲ 30.0%€156,008▲ 6.6%€72,191▼ 53.7%
Solvency7.1%below the sector's middle half▼ 7.8pp51.0%within the sector's middle half▲ 43.8pp70.1%above the sector's middle half▲ 19.1pp66.3%above the sector's middle half▼ 3.8pp69.7%above the sector's middle half▲ 3.4pp
Staff (FTE)1.8▲ 80.0%0.6below the sector's middle half▼ 66.7%0below the sector's middle half▼ 100%0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,933
Fixed assets
€96,344 ▲ 25,436%
Current assets
€143,589 ▼ 38.5%
Equity and liabilities €239,933
Equity
€167,273 ▲ 7.8%
Debt
€72,660 ▼ 7.8%
Debt's share of the balance-sheet total falls from 33.7% to 30.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,108▲
2024 · €12,368
Cash flow
€12,908▲
2024 · €9,370
Current ratio
2.01▼
2024 · 3.01
Debt to equity
0.43▼
2024 · 0.51
ROE
7.3%▲
2024 · 5.6%
ROA
5.1%▲
2024 · 3.7%
Interest coverage
114.06▲
2024 · 76.82
Debt ≤ 1 year
€71,398▼
2024 · €77,557
Income taxes
€4,050▲
2024 · €2,907
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €71,412 | €22,938 | -€14 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,414 | €4,276 | €3,545 | €737 | €758 | ▲ 2.9% |
| Other operating charges640/8 | €4,847 | €4,580 | €8,465 | €998 | €1,286 | ▲ 28.9% |
| Non-recurring operating charges66A | - | - | - | €278 | €0 | ▼ 100% |
| Gross operating margin9900 | €189,603 | €159,937 | €52,437 | €13,643 | €18,394 | ▲ 34.8% |
| Operating profit (loss)9901 | €103,930 | €128,143 | €40,442 | €11,631 | €16,350 | ▲ 40.6% |
| Financial income75/76B | €142 | €0 | €26 | €71 | €0 | ▼ 100% |
| Recurring financial income75 | €142 | €0 | €26 | €71 | €0 | ▼ 100% |
| Financial charges65/66B | €495 | €395 | €20 | €161 | €150 | ▼ 6.8% |
| Recurring financial charges65 | €495 | €395 | €20 | €161 | €150 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €103,576 | €127,748 | €40,447 | €11,541 | €16,200 | ▲ 40.4% |
| Income taxes67/77 | €1,504 | €32,233 | €10,147 | €2,907 | €4,050 | ▲ 39.3% |
| Profit (loss) for the period9904 | €102,072 | €95,515 | €30,300 | €8,633 | €12,150 | ▲ 40.7% |
| Profit (loss) for the period to be appropriated9905 | €102,072 | €95,515 | €30,300 | €8,633 | €12,150 | ▲ 40.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €289,242 | €227,875 | €209,074 | €233,942 | €239,933 | ▲ 2.6% |
| Fixed assets21/28 | €27,213 | €4,937 | €1,392 | €377 | €96,344 | ▲ 25,436% |
| Intangible fixed assets21 | - | - | - | - | €21,344 | - |
| Tangible fixed assets22/27 | €27,213 | €4,937 | €1,392 | €377 | €0 | ▼ 100% |
| Furniture and vehicles24 | €22,911 | €2,647 | €1,114 | €377 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €4,302 | €2,290 | €278 | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | €75,000 | - |
| Current assets29/58 | €262,029 | €222,938 | €207,682 | €233,565 | €143,589 | ▼ 38.5% |
| Amounts receivable within one year40/41 | €128,318 | €75,798 | €56,765 | €199,183 | €100,806 | ▼ 49.4% |
| Trade receivables40 | €124,399 | €57,993 | €43,067 | €23,400 | €0 | ▼ 100% |
| Other amounts receivable41 | €3,920 | €17,805 | €13,698 | €175,782 | €100,806 | ▼ 42.7% |
| Cash at bank and in hand54/58 | €127,173 | €144,216 | €147,681 | €34,382 | €38,587 | ▲ 12.2% |
| Deferred charges and accrued income490/1 | €6,538 | €2,925 | €3,236 | €0 | €4,196 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €289,242 | €227,875 | €209,074 | €233,942 | €239,933 | ▲ 2.6% |
| Equity10/15 | €20,675 | €116,190 | €146,490 | €155,123 | €167,273 | ▲ 7.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,075 | €97,590 | €127,890 | €136,523 | €148,673 | ▲ 8.9% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €215 | €97,590 | €127,890 | €136,523 | €148,673 | ▲ 8.9% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €268,567 | €111,685 | €62,584 | €78,819 | €72,660 | ▼ 7.8% |
| Amounts payable after more than one year17 | €11,658 | €0 | - | - | - | - |
| Financial debts170/4 | €11,658 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €255,540 | €110,428 | €61,384 | €77,557 | €71,398 | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | €5,276 | €0 | - | - | - | - |
| Trade debts44 | €2,956 | €101,035 | €58,286 | €77,409 | €71,348 | ▼ 7.8% |
| Suppliers440/4 | €2,956 | €101,035 | €58,286 | €77,409 | €71,348 | ▼ 7.8% |
| Taxes, remuneration and social security45 | €6,452 | €1,542 | €3,098 | €147 | €50 | ▼ 66.1% |
| Taxes450/3 | €1,517 | €1,542 | €3,098 | €147 | €50 | ▼ 66.1% |
| Remuneration and social security454/9 | €4,935 | €0 | - | - | - | - |
| Other amounts payable47/48 | €240,856 | €7,852 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €1,368 | €1,257 | €1,200 | €1,262 | €1,262 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,072 | €95,515 | €30,300 | €8,633 | €12,150 | ▲ 40.7% |
| + Depreciation and write-downs630 | €9,414 | €4,276 | €3,545 | €737 | €758 | ▲ 2.9% |
| Operating cash flow (approximation) | €111,486 | €99,791 | €33,845 | €9,370 | €12,908 | ▲ 37.8% |
| Investment in fixed assets (approximation) | - | €18,000 | €0 | €278 | -€96,725 | ▼ 34,893% |
| Change in cash | - | €17,042 | €3,465 | -€113,299 | €4,205 | ▲ 104% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €8,633 ▼71.5%
Net result drops to €8,633, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €155,123 ▲5.9%
7 profitable years in a row build equity to €155,123.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €116,190 ▲462%
5 profitable years in a row build equity to €116,190.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 135 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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 · 3 establishment units since 2013
Ground area
4,880 m²
Building footprint
1,608 m²
Volume, LiDAR
21,214 m³
3 parcels, Flanders, Wallonia · tallest building 30.8 m, ±10 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
3 establishment units
VMC-SELECT
since 20132.223.834.569
Flexu Hasselt
since 20262.381.764.130
Flexu Herstal
since 20262.381.764.229
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0379/00Z000 | Flanders | 2,312 m² | 1 · 805 m² | 15.6 m · 5 fl. |
| 62312A0453/00X002 | Wallonia | 1,813 m² | 1 · 351 m² | - |
| 71016I0662/00R000 | Flanders | 755 m² | 1 · 452 m² | 30.8 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
ITZU
15 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: ITZU. The sources do not say who stands above it.
Owners 1
- Itzu JobsparentSourceaccounts Itzu Jobs 202487.6%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 5,027 EUR awarded · 5,027 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,641 EUR | 2,641 EUR |
| 2022 | 1 | 2,386 EUR | 2,386 EUR |
Schemes
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E.J.W. CONSULTANCIES
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,085 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-2013
Fiscal year end31-12
Abbreviation NL
VMC-S
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541442815
Also
9925:BE0541442815
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.