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Flexura Floors

Active
Public limited companyfounded 2019active for 7 yearsSchoendalestraat 306, 8792 Waregem, BelgiumKBO/BCE: BE 0732.674.355
Summary

Flexura Floors has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €249,857 and a net result of €697,318. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16220Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials NACE 16210
1 site
Size
€3.5mtotal assets 2026
Staff
8 FTE
Equity
€249,857
Profit
€697,318
Turnover not published (abbreviated format)
Financial health
82 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Ixgee · 100%
  • HIGHWOODDirector · permanent representative Nikolaas Talpe
  • STEENHOFDirector · permanent representative Pierre Sacré
Auditor: Boes & Verrue BedrijfsrevisorenAccounts 205 days early2 of 6 deeds read
Why 82raises riskEquity €249,857 (7.2% of total assets)lowers riskLiquidity: current ratio 1.19, cash €1.1mFigures for financial year 2026 (filed 10-03-2026)Size: 8 FTE, total assets €3.5mShow the evidence

Checked score

Score 2026
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 53% of its sector peers (NACE 16, micro)
Financial strength · tick = 2025
Strong
Solvency 32+32
equity 7.2% of total assets
Liquidity 57+57
short-term debt 59.6% · cash 30.7%
Profitability 94+94
return on assets 20.2%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,030 companies, NACE 16, micro)
Last 24 months 11-2024: 3.2% 12-2024: 3.2%● unchanged vs 11-2024 01-2025: 3.4%▲ +0.2 percentage points vs 12-2024 02-2025: 3.7%▲ +0.3 percentage points vs 01-2025 03-2025: 3.8%▲ +0.1 percentage points vs 02-2025 04-2025: 3.8%● unchanged vs 03-2025 05-2025: 3.8%● unchanged vs 04-2025 06-2025: 3.8%● unchanged vs 05-2025 07-2025: 3.8%● unchanged vs 06-2025 08-2025: 4.1%▲ +0.3 percentage points vs 07-2025 09-2025: 4.6%▲ +0.5 percentage points vs 08-2025 10-2025: 4.7%▲ +0.1 percentage points vs 09-2025 11-2025: 5.5%▲ +0.8 percentage points vs 10-2025 12-2025: 5.6%▲ +0.1 percentage points vs 11-2025 01-2026: 5.9%▲ +0.3 percentage points vs 12-2025highest value 02-2026: 4.8%▼ -1.1 percentage points vs 01-2026 03-2026: 4.8%● unchanged vs 02-2026 04-2026: 0.5%▼ -4.3 percentage points vs 03-2026lowest value 05-2026: 0.5%● unchanged vs 04-2026lowest value 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.19, compared with 0.44 in 2025, below the usual 1.5; short-term debt: 59.6% and cash: 30.7% of total assets), and 92.8% of the assets are financed with debt and provisions.
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 16, micro): better than 18% on solvency, 56% on liquidity and 86% on profitability.

The bankruptcy probability was computed on 16-10-2026 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.
lowers riskraises riskneutral
raises risk · Equity €249,857 (7.2% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.19, cash €1.1m
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed 10-03-2026)
NBB · annual accounts
lowers risk · Size: 8 FTE, total assets €3.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 09-03-2026, 205 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2026
205 days early
2025
4 days early
2024
on the day
2023
1 day early
2022
118 days early
2021
on the day
← 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 55 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Boes & Verrue Bedrijfsrevisoren (company…Share issue · Capital increase…
  2. Annual accounts filedfinancial year 2026 · abbreviated…
  3. Back to profitnet €697,318

Key points

  • Positive: Back in profit in 2026after -€798,993 in 2025 €697,318 View
  • Controlled by Ixgee 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Financial year
2026
Total assets
€3.5m
Profit
€697,318
Solvency
7.2%
Total assets▲ 57.8%
Net result
20212026
Go to Financials

Board & ownership

Board
2 members
Parent
Ixgee · 100%
Auditor
Boes & Verrue Bedrijfsrevisoren
  • HIGHWOODDirector
  • STEENHOFDirector
Go to Board & ownership

Timeline

Events
14
Since
2022
  1. 28-02-2026Liquidity more than doubled
  2. 28-02-2026Equity above €200,000
  3. 27-01-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of wood and of products of wood…NACE 16220
Founded
19-08-2019
Year ends
28-02
Peppol
Reachable for e-invoices
Go to Company details

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