FLEXUM
ActiveSummary
FLEXUM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96,943 and a net result of €27,921. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 4.14 in 2023; short-term debt: 24% and cash: 8.9% of total assets), and 24% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
82 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€96,943▲ 40.5%
2023 · €69,022
Total assets
€127,556▲ 59.9%
2023 · €79,795
Net result
€27,921▲ 4.7%
2023 · €26,672
Working capital
€65,637▲ 93.8%
2023 · €33,873
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,574€28,686€31,419▲ 9.5%€35,922▲ 14.3%€25,469▼ 29.1%
Net result-€1,694€21,968€22,979▲ 4.6%€26,672▲ 16.1%€27,921▲ 4.7%
Equity€19,344▼ 8.1%€41,312▲ 114%€76,691▲ 85.6%€69,022▼ 10.0%€96,943▲ 40.5%
Total assets€22,294▼ 29.6%€49,746▲ 123%€87,838▲ 76.6%€79,795▼ 9.2%€127,556▲ 59.9%
Debt€2,949▼ 72.2%€8,434▲ 186%€11,147▲ 32.2%€10,773▼ 3.4%€30,614▲ 184%
Working capital€11,973▼ 11.9%€10,459▼ 12.6%€41,824▲ 300%€33,873▼ 19.0%€65,637▲ 93.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127,556
Fixed assets
€31,306 ▼ 10.9%
Current assets
€96,250 ▲ 116%
Equity and liabilities €127,556
Equity
€96,943 ▲ 40.5%
Debt
€30,614 ▲ 184%
Debt's share of the balance-sheet total rises from 13.5% to 24.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,748▼
2023 · €40,082
Cash flow
€33,200▲
2023 · €30,833
Current ratio
3.14▼
2023 · 4.14
Quick ratio
2.69▼
2023 · 4.14
Debt to equity
0.32▲
2023 · 0.16
ROE
28.8%▼
2023 · 38.6%
ROA
21.9%▼
2023 · 33.4%
Interest coverage
17.80▼
2023 · 86.07
Debt ≤ 1 year
€30,614▲
2023 · €10,773
Income taxes
€8,022▼
2023 · €9,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €817 | €1,411 | €3,121 | €4,161 | €5,279 | ▲ 26.9% |
| Other operating charges640/8 | - | €101 | €501 | €493 | €1,020 | ▲ 107% |
| Gross operating margin9900 | -€657 | €30,197 | €35,042 | €40,576 | €31,768 | ▼ 21.7% |
| Operating profit (loss)9901 | -€1,574 | €28,686 | €31,419 | €35,922 | €25,469 | ▼ 29.1% |
| Financial income75/76B | - | €3 | €153 | €543 | €12,202 | ▲ 2,148% |
| Recurring financial income75 | €29 | €3 | €153 | €543 | €818 | ▲ 50.6% |
| Non-recurring financial income76B | - | - | - | - | €11,384 | - |
| Financial charges65/66B | - | €142 | €694 | €466 | €1,727 | ▲ 271% |
| Recurring financial charges65 | €148 | €142 | €694 | €466 | €1,727 | ▲ 271% |
| Profit (loss) for the period before taxes9903 | -€1,693 | €28,547 | €30,879 | €35,999 | €35,943 | ▼ 0.2% |
| Income taxes67/77 | €1 | €6,579 | €7,899 | €9,326 | €8,022 | ▼ 14.0% |
| Profit (loss) for the period9904 | -€1,694 | €21,968 | €22,979 | €26,672 | €27,921 | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,694 | €21,968 | €22,979 | €26,672 | €27,921 | ▲ 4.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,294 | €49,746 | €87,838 | €79,795 | €127,556 | ▲ 59.9% |
| Fixed assets21/28 | €7,372 | €30,853 | €34,931 | €35,149 | €31,306 | ▼ 10.9% |
| Tangible fixed assets22/27 | €2,372 | €25,853 | €29,931 | €30,149 | €31,306 | ▲ 3.8% |
| Plant, machinery and equipment23 | - | €24,296 | €28,678 | €28,410 | €25,301 | ▼ 10.9% |
| Furniture and vehicles24 | - | €1,557 | €1,253 | €1,739 | €6,005 | ▲ 245% |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | - | - |
| Current assets29/58 | €14,922 | €18,893 | €52,907 | €44,646 | €96,250 | ▲ 116% |
| Amounts receivable after more than one year29 | - | - | €20,153 | €20,688 | €21,236 | ▲ 2.7% |
| Other amounts receivable291 | - | - | €20,153 | €20,688 | €21,236 | ▲ 2.7% |
| Stocks and contracts in progress3 | - | - | - | - | €13,776 | - |
| Stocks30/36 | - | - | - | - | €13,776 | - |
| Amounts receivable within one year40/41 | €660 | €5,292 | €8,213 | €13,750 | €47,878 | ▲ 248% |
| Trade receivables40 | - | €5,292 | €8,213 | €11,567 | €43,681 | ▲ 278% |
| Other amounts receivable41 | - | - | - | €2,182 | €4,197 | ▲ 92.3% |
| Cash at bank and in hand54/58 | €14,137 | €13,471 | €24,405 | €10,208 | €11,416 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | - | €130 | €135 | - | €1,945 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,294 | €49,746 | €87,838 | €79,795 | €127,556 | ▲ 59.9% |
| Equity10/15 | €19,344 | €41,312 | €76,691 | €69,022 | €96,943 | ▲ 40.5% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | - | - | - |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Reserves13 | €10,742 | €20,742 | €20,742 | €20,000 | €20,000 | = |
| Non-distributable reserves130/1 | - | €742 | €742 | - | - | - |
| Legal reserve130 | - | €742 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €742 | - | - | - |
| Distributable reserves133 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €2,402 | €14,370 | €37,349 | €49,022 | €76,943 | ▲ 57.0% |
| Amounts payable17/49 | €2,949 | €8,434 | €11,147 | €10,773 | €30,614 | ▲ 184% |
| Amounts payable within one year42/48 | €2,949 | €8,434 | €11,083 | €10,773 | €30,614 | ▲ 184% |
| Trade debts44 | €1,463 | €4,417 | €2,500 | €4,820 | €13,257 | ▲ 175% |
| Suppliers440/4 | - | €4,417 | €2,500 | €4,820 | €13,257 | ▲ 175% |
| Taxes, remuneration and social security45 | - | €4,018 | €8,583 | €5,953 | €17,357 | ▲ 192% |
| Taxes450/3 | - | €4,018 | €8,583 | €5,953 | €14,357 | ▲ 141% |
| Remuneration and social security454/9 | - | - | - | - | €3,000 | - |
| Accrued charges and deferred income492/3 | - | - | €64 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,694 | €21,968 | €22,979 | €26,672 | €27,921 | ▲ 4.7% |
| + Depreciation and write-downs630 | €817 | €1,411 | €3,121 | €4,161 | €5,279 | ▲ 26.9% |
| Operating cash flow (approximation) | -€877 | €23,378 | €26,100 | €30,833 | €33,200 | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | -€24,892 | -€7,199 | -€4,378 | -€1,436 | ▲ 67.2% |
| Change in cash | - | -€666 | €10,934 | -€14,197 | €1,208 | ▲ 109% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €27,921 ▲4.7%
Net result €27,921, the highest in the series.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 4.77
Current ratio from 2.24 to 4.77.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €21,968
Net result €21,968 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€1,694
Net result drops to -€1,694, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.06
Current ratio from 2.28 to 5.06; short-term debt falls from €10,621 to €2,949.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Putte · 1 establishment unit since 2017
Ground area
2,628 m²
Building footprint
186 m²
Volume, LiDAR
1,019 m³
Parcel 12429A0036/00B002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flexum
since 20172.264.403.632
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12429A0036/00B002 | Flanders | 2,628 m² | 1 · 186 m² | 8.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePutte2.264.403.632
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 40,553 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
Founded21-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
79901Tourist information services
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.