FLEXUP
ActiveFLEXUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €655k and a net result of €109k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 2792 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2792 sector peers (2024).
NBB · sector comparisonPosition among 2792 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
30 d late
2022
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€655k▲ 19.9%
2023 · €546k
2022: €369k
2023: €546k
2022 → 2024
Net result
€109k▼ 38.6%
2023 · €177k
2022: €169k
2023: €177k
2022 → 2024
Total assets
€3.11M▼ 4.8%
2023 · €3.27M
2022: €3.30M
2023: €3.27M
2022 → 2024
Solvency
21.0%▲ 4.3pp
2023 · 16.7%
2022: 11.2%
2023: 16.7%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€426k-€471k▲ 10.4%€441k▼ 6.4%
Equity€369k-€546k▲ 47.9%€655k▲ 19.9%
Operating result€260k-€290k▲ 11.6%€299k▲ 3.1%
Net result€169k-€177k▲ 4.4%€109k▼ 38.6%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 3% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.11M
Fixed assets
€3.00M=
Current assets
€112k▼ 58.1%
Equity and liabilities €3.11M
Equity
€655k▲ 19.9%
Debt
€2.46M▼ 9.7%
The debt ratio falls from 83.3% to 79.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
21.0%▲
2023 · 16.7%
ROE
16.6%▼
2023 · 32.4%
ROA
3.5%▼
2023 · 5.4%
Debt
€2.46M▼
2023 · €2.72M
Debt ≤ 1 year
€965k▲
2023 · €937k
Debt > 1 year
€1.43M▼
2023 · €1.75M
Income taxes
€62k▲
2023 · €58k
Staff costs
€2k▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.27M€3.11M▼
Fixed assets21/28€3.00M€3.00M=
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€3.00M€3.00M=
Current assets29/58€268k€112k▼
Amounts receivable within one year40/41€72k€49k▼
Trade receivables40€53k€42k▼
Other amounts receivable41€18k€6k▼
Cash at bank and in hand54/58€196k€62k▼
Deferred charges and accrued income490/1€775€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.27M€3.11M▼
Equity10/15€546k€655k▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€20k€71k▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132-€51k
Profit (loss) carried forward14€326k€385k▲
Amounts payable17/49€2.72M€2.46M▼
Amounts payable after more than one year17€1.75M€1.43M▼
Financial debts170/4€1.65M€1.43M▼
Other amounts payable178/9€100k-
Amounts payable within one year42/48€937k€965k▲
Current portion of amounts payable after more than one year42€217k€251k▲
Trade debts44€39k€62k▲
Suppliers440/4€39k€62k▲
Taxes, remuneration and social security45€140k€91k▼
Taxes450/3€140k€91k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€540k€562k▲
Accrued charges and deferred income492/3€41k€66k▲
Income statement
Code20232024
Turnover70€471k€441k▼
Non-recurring operating income76A€13€175▲
Goods, raw materials, services and sundry goods60/61€200k€141k▼
Remuneration, social security and pensions62€3k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23€1k▲
Other operating charges640/8€870€820▼
Gross operating margin9900€293k€303k▲
Operating profit (loss)9901€290k€299k▲
Financial income75/76B€265€842▲
Recurring financial income75€265€842▲
Financial charges65/66B€55k€129k▲
Recurring financial charges65€55k€129k▲
Profit (loss) for the period before taxes9903€235k€171k▼
Income taxes67/77€58k€62k▲
Profit (loss) for the period9904€177k€109k▼
Transfer to tax-exempt reserves689-€51k
Profit (loss) for the period to be appropriated9905€177k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€326k€385k▲
Profit (loss) brought forward from the previous period14P€149k€326k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 50 days late
2024
31-12
Financial
Weakest financial yearnet €109k ▼38.6%
Net result drops to €109k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €177k ▲4.4%
Net result €177k, the highest in the series.
31-12
Financial
Equity above €500kEq €546k ▲47.9%
2 profitable years in a row build equity to €546k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Fernelmont · 1 establishment unit since 2022
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.
Grand-Chemin-Communal, March. 455380 FernelmontGround area
4,026 m²
Building footprint
544 m²
Volume, LiDAR
4,497 m³
2 parcels, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FLEXUP
since 20222.325.910.243
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92084C0056/00D000 | Wallonia | 2,458 m² | 1 · 169 m² | - |
| 92108B0319/00E002 | Wallonia | 1,568 m² | 1 · 375 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900NTAOLG43Z2JH59
Similar companies · same sector, comparable size
SELIS MANAGEMENT
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CUM LAUDE MAXIMA
BE 0474.472.629
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Panta Rhei
BE 0640.934.230
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BOS & BERG
BE 0879.837.114
Nieuwerkerken (Limb.) · Eq €655k
Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 13,347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.