Summary
FLEXUP is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €693,015 and a net result of €37,970. Equity has been growing by about 18% per year since 2022. Its solvency ranks better than 18% of 3,031 sector peers (NACE 64, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-12-2021 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.325.910.243 5002 Namur, since 10-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Board and ownership
- DURLET CHARLESDirector · since 02-12-2021
- CHARLES DURLET50.02%annual accounts 2025
- MATHILDE STAELENS49.97%annual accounts 2025
- I.T.M. BELGIUM0.01%annual accounts 2025
- Holdings
- Shares in 1 company NAMURINTER
Financial position
- Profit
- €37,970
- ▼ 65.0%
- Equity
- €693,015
- ▲ 5.8%
- Total assets
- €3.2m
- ▲ 2.7%
- Employees on 31-12-2025
- 1
- 2025 accounts filed 50 days after the deadline
Signalsraises risk2025 accounts filed 50 days lateShow the evidence
Checked score
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
The company filed its last 4 accounts on average 40 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
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Financials
Financials · financial year 2025, full format
2025 annual accounts filed 50 days after the deadline Filed on 19 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00516829.
Annual accounts 2025 filed on 19-09-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €3,044 | - | €15,988 |
| Financial fixed assets | €3.0m | - | - | - |
| Depreciation and write-downs of the year | - | €23 | €1,014 | €5,295 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €426,388 | €470,565 | €440,611 | €344,283 | ▼ 21.9% |
| Non-recurring operating income76A | - | €13 | €175 | €5,439 | ▲ 31× |
| Goods, raw materials, services and sundry goods60/61 | €168,068 | €199,770 | €140,567 | €164,763 | ▲ 17.2% |
| Remuneration, social security and pensions62 | - | €2,710 | €2,020 | €28,398 | ▲ 14× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €23 | €1,014 | €5,295 | ▲ 422% |
| Other operating charges640/8 | €1,435 | €870 | €820 | €6,788 | ▲ 728% |
| Gross operating margin9900 | €261,108 | €293,490 | €302,745 | €231,218 | ▼ 23.6% |
| Operating profit (loss)9901 | €259,673 | €289,886 | €298,890 | €190,737 | ▼ 36.2% |
| Financial income75/76B | - | €265 | €842 | €848 | ▲ 0.6% |
| Recurring financial income75 | - | €265 | €842 | €848 | ▲ 0.6% |
| Financial charges65/66B | €32,458 | €55,367 | €129,140 | €103,969 | ▼ 19.5% |
| Recurring financial charges65 | €32,458 | €55,367 | €129,140 | €98,654 | ▼ 23.6% |
| Non-recurring financial charges66B | - | - | - | €5,315 | - |
| Profit (loss) for the period before taxes9903 | €227,216 | €234,783 | €170,592 | €87,616 | ▼ 48.6% |
| Income taxes67/77 | €57,730 | €57,843 | €61,973 | €49,645 | ▼ 19.9% |
| Profit (loss) for the period9904 | €169,486 | €176,940 | €108,619 | €37,970 | ▼ 65.0% |
| Transfer to tax-exempt reserves689 | - | - | €50,520 | - | - |
| Profit (loss) for the period to be appropriated9905 | €169,486 | €176,940 | €58,099 | €37,970 | ▼ 34.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.3m | €3.3m | €3.1m | €3.2m | ▲ 2.7% |
| Fixed assets21/28 | €3.0m | €3.0m | €3.0m | €3.0m | ▲ 0.4% |
| Tangible fixed assets22/27 | - | €0.003m | €0.002m | €0.01m | ▲ 533% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | €0.003m | €0.002m | €0.01m | ▲ 431% |
| Financial fixed assets28 | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.1m | €0.2m | ▲ 66.6% |
| Amounts receivable within one year40/41 | €0.1m | €0.07m | €0.05m | €0.2m | ▲ 211% |
| Trade receivables40 | €0.1m | €0.05m | €0.04m | €0.1m | ▲ 231% |
| Other amounts receivable41 | - | €0.02m | €0.006m | €0.01m | ▲ 78.0% |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.06m | €0.03m | ▼ 43.5% |
| Deferred charges and accrued income490/1 | €0.003m | €0.001m | €0.002m | €0.001m | ▼ 68.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.3m | €3.3m | €3.1m | €3.2m | ▲ 2.7% |
| Equity10/15 | €0.4m | €0.5m | €0.7m | €0.7m | ▲ 5.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.02m | €0.02m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.1m | €0.3m | €0.4m | €0.4m | ▲ 9.9% |
| Amounts payable17/49 | €2.9m | €2.7m | €2.5m | €2.5m | ▲ 1.9% |
| Amounts payable after more than one year17 | €2.1m | €1.7m | €1.4m | €2.0m | ▲ 38.3% |
| Financial debts170/4 | €1.9m | €1.6m | €1.4m | €2.0m | ▲ 38.3% |
| Other amounts payable178/9 | €0.2m | €0.1m | - | - | - |
| Amounts payable within one year42/48 | €0.9m | €0.9m | €1.0m | €0.5m | ▼ 51.0% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 2.1% |
| Trade debts44 | €0.02m | €0.04m | €0.06m | €0.03m | ▼ 54.7% |
| Suppliers440/4 | €0.02m | €0.04m | €0.06m | €0.03m | ▼ 54.7% |
| Taxes, remuneration and social security45 | €0.08m | €0.1m | €0.09m | €0.06m | ▼ 34.8% |
| Taxes450/3 | €0.08m | €0.1m | €0.09m | €0.06m | ▼ 34.8% |
| Remuneration and social security454/9 | - | €0 | - | - | - |
| Other amounts payable47/48 | €0.6m | €0.5m | €0.6m | €0.1m | ▼ 76.9% |
| Accrued charges and deferred income492/3 | €0.009m | €0.04m | €0.07m | €0.06m | ▼ 10.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,486 | €176,940 | €108,619 | €37,970 | ▼ 65.0% |
| + Depreciation and write-downs630 | - | €23 | €1,014 | €5,295 | ▲ 422% |
| Operating cash flow (approximation) | €169,486 | €176,964 | €109,634 | €43,266 | ▼ 60.5% |
| Investment in fixed assets (approximation) | - | -€3,044 | €0 | -€15,988 | - |
| Change in cash | - | -€6,018 | -€134,077 | -€26,904 | ▲ 79.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
3 ownersOwners 3
- CHARLES DURLETnatural personSourceown accounts 202550.02%
- MATHILDE STAELENSnatural personSourceown accounts 202549.97%
-
0.01%
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- NAMURINTERsubsidiaryEquity -€536,801 Loss of €991,766 in 2025 (loss of €571,962 in 2024) Checked score 3699.8%
Connections & network
1 current directorThe network starts from the directors of FLEXUP. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-01
Gazette deed
Registered office moved from Namur to Marchovelette2 points ▸
- General meeting, 01-01-2023
- Registered-office move, Grand Chemin Communal 45 - 5380 MARCHOVELETTE
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue de Gembloux 270, 5002 Namur until 01-01-2023 · act of 31-01-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92084C0056/00D000 | Wallonia | 2,458 m² | 1 · 169 m² | - |
| 92108B0319/00E002 | Wallonia | 1,568 m² | 1 · 375 m² | 14.8 m · 4 |