Equity
€3.0m ▼ 26.6%
FLEXUS GROUP paid out €1.6m in dividends. That is 322% of the 2024 profit.
FLEXUS GROUP
Overview
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1994peak €1.8m (2015)
€871,616▼ 1.0%
peak €1.6m (2018)
€486,525▲ 4.1%
peak €10.0m (2016)
€3.0m▼ 26.6%
€2.5m▲ 158%
peak 11.2 FTE (2015)
1 FTEunchanged
Board2 names since 2021
1 directorDirk LODEWYCKX
Owners
Documentsfilings and deeds
29-09-202560 days late
2024abbreviated format
Dividend €1.6mEquity from €4.1m to €3.0mDebts from €958,124 to €2.5mCash from €374,949 to €221,967
Key points
from the 2024 annual accountsDebts
€2.5m ▲ 158%
Debts rose by €1.5m in 2024. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€53,320 0.4 × depreciation
Green is investment, beige is depreciation.
Staff
1 FTE from 11.2 in 2015
Between 2015 and 2024, 91% of the full-time equivalents disappeared.
Filings
31 annual accounts 100 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€486,525
Higher net result than 93% of companies in advertising and market research. Sector median €26,442 · 1,394 companies.
Checked score
55
Fair
Financially stronger than 37% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.1%▼ -0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 01-10-2025)
Liquidity: current ratio 1.71, cash €221,967
lowers risk
Founded in 1993
Size: 1 FTE, total assets €5.5m
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 53% of them on solvency, 18% on liquidity, 54% on profitability and 21% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as FLEXUS GROUP has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLEXUS GROUP itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for FLEXUS GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €160,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.71 (3.9 in 2023), above the usual 1.5. Short-term debt is 45% and cash 4.1% of total assets. 45.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 100 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
raises risk · 2024 accounts filed 60 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
60 days late
2023
30 days late
2022
53 days early
2021
31 days late
2020
90 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 38 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451070784
Change of role: Dirk LODEWYCKX, from director to sole director
Resignation: Maria DEGROEVE (director) · Dirk LODEWYCKX holds all the shares · Director discharge: Dirk LODEWYCKX · General meeting of 06-07-2022 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Gent
First establishment
FLEXUS, Koopvaardijlaan 25, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLEXUS GROUP Ghent | €5.5m | €871,616 | 54.6% | 1 |
| MAGIC IMAGE Forest | €3.7m | €567,497 | 8.9% | 1.6 |
| AMADEUS Brussels | €11.9m | €476,382 | -4.7% | 1 |
| PROMA Eupen | €6.0m | €351,916 | 16.3% | 0.1 |
| 1105 real estate Antwerp | €4.8m | €519,294 | -32.0% | 1.9 |
| ITO ! CREATIVE CONSULTANCY Brasschaat | €2.7m | €322,689 | 52.4% | 1 |
| PERITUS BRANDS Mechelen | €4.2m | €968,584 | 50.3% | 1.8 |
These companies have the same main activity as FLEXUS GROUP: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €2.7m and €12m, founded between 1990 and 2010.
Official details
Source: KBO- Status
- Active since 05-10-1993Normal situation
- Activity
- Advertising agenciesNACE 73110
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.064.197.1179000 Ghent, since 02-03-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Annual accounts 2024
- €871,616▼ 1.0%
- ≈ €1.7mestimated
- €486,525▲ 4.1%
- €3.0m▼ 26.6%
- €5.5m▲ 8.5%
- Employeeson 31-12-2024
- 1=
- Filing
- Filed on 29-09-2025
Insights on FLEXUS GROUP
FLEXUS GROUP files the abbreviated format. That format states no turnover. The gross margin fell from €1.6m in 2006 to €871,616 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
abbreviated format, filed on 29-09-2025, 60 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 8 November 2026.
€871,616
▼ 1.0%
€656,482
▼ 3.8%
€486,525
▲ 4.1%
€1.8m
▼ 36.4%
54.6%
▼ 26.1 percentage points
1.71
▼ 2.19
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.7m. Estimated: probably between €1.2m and €2.2m.
Balance sheet
balance sheet total €5.5m on 31-12-2024What the company ownsHow it is paid for
in €m
in euro
Position in the sector
54.6%
Higher than 60% of 1,395 companies in 2024.
1.71
Higher than 53% of 1,360 companies in 2024.
8.9%
Higher than 66% of 1,378 companies in 2024.
FLEXUS GROUP
Middle half of the sector
80% of the sector
Abbreviated accounts in advertising and market research (NACE 73)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€52,030
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
5.5m | 5.1m | 4.6m | 5.7m | 5.6m | 5.4m | 5.1m | 10.9m | 10.4m | 10.2m | 9.5m | 9.4m | 8.7m | 7.8m | 6.9m | 6.1m | 5.8m | 5.1m | 4.4m | |
21/28 |
1.3m | 1.3m | 1.4m | 1.5m | 1.6m | 1.7m | 1.9m | 1.6m | 1.9m | 1.9m | 2.1m | 2.1m | 1.6m | 1.8m | 1.9m | 2.0m | 2.1m | 2.0m | 1.4m | |
21 |
- | - | - | - | - | - | - | - | - | 1,149 | 8,910 | 17,285 | 26,436 | 29,845 | 5,245 | 4,846 | 5,342 | 8,943 | 10,237 | |
22/27 |
1.3m | 1.3m | 1.4m | 1.5m | 1.6m | 1.7m | 1.9m | 1.5m | 1.1m | 1.1m | 1.2m | 1.3m | 1.4m | 1.5m | 1.7m | 1.8m | 1.9m | 1.8m | 1.2m | |
22 |
1.2m | 1.3m | 1.4m | 1.5m | 1.6m | 1.7m | 1.9m | 1.5m | 986,305 | 971,401 | 1.1m | 1.2m | 1.3m | 1.5m | 1.6m | 1.7m | 1.8m | 1.8m | 1.1m | |
23 |
27,129 | 33,286 | 18,501 | 2,436 | 3,505 | 898 | 1,497 | 119 | 267 | 708 | 589 | 1,794 | 2,196 | 6,287 | 7,001 | 9,480 | 970 | 719 | 1,352 | |
24 |
9,486 | 13,095 | 10,236 | 3,423 | 3,129 | 434 | 812 | 52,720 | 85,252 | 118,126 | 101,199 | 67,680 | 68,533 | 70,686 | 87,099 | 54,136 | 77,426 | 49,905 | 76,633 | |
28 |
8 | 8 | 8 | 8 | 8 | 8 | 8 | 78,520 | 842,521 | 842,521 | 842,521 | 820,921 | 200,990 | 203,284 | 208,027 | 209,415 | 204,401 | 199,849 | 206,824 | |
29/58 |
4.2m | 3.7m | 3.1m | 4.2m | 4.0m | 3.7m | 3.3m | 9.3m | 8.5m | 8.3m | 7.4m | 7.3m | 7.1m | 6.0m | 5.0m | 4.1m | 3.7m | 3.1m | 2.9m | |
40/41 |
286,354 | 236,236 | 242,982 | 287,088 | 263,261 | 415,279 | 202,371 | 1.6m | 673,078 | 1.2m | 924,186 | 1.6m | 1.0m | 794,096 | 811,445 | 752,727 | 1.3m | 1.1m | 1.2m | |
40 |
286,354 | 236,236 | 218,934 | 196,008 | 202,913 | 277,791 | 78,487 | 724,775 | 516,112 | 1.1m | 767,491 | 1.5m | 1.0m | 789,394 | 712,676 | 640,833 | 1.3m | 1.1m | 1.2m | |
41 |
- | 0 | 24,048 | 91,080 | 60,348 | 137,488 | 123,884 | 918,219 | 156,966 | 147,752 | 156,695 | 106,810 | - | 4,702 | 98,769 | 111,894 | - | 1,708 | - | |
50/53 |
3.7m | 3.1m | 967,814 | - | - | - | - | - | - | - | - | - | - | - | - | 162,111 | 122,180 | - | 250,000 | |
54/58 |
221,967 | 374,949 | 1.9m | 3.9m | 3.7m | 3.3m | 3.0m | 7.6m | 7.8m | 7.1m | 6.5m | 5.7m | 6.1m | 5.2m | 4.2m | 3.2m | 2.3m | 1.9m | 1.5m | |
490/1 |
17,663 | 15,675 | 15,607 | 17,460 | 1,578 | 13,280 | 44,826 | 18,995 | 13,501 | 9,930 | 9,765 | 18,328 | 16,449 | 12,346 | 5,079 | 14,498 | 25,747 | 18,583 | 7,400 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
5.5m | 5.1m | 4.6m | 5.7m | 5.6m | 5.4m | 5.1m | 10.9m | 10.4m | 10.2m | 9.5m | 9.4m | 8.7m | 7.8m | 6.9m | 6.1m | 5.8m | 5.1m | 4.4m | |
10/15 |
3.0m | 4.1m | 3.8m | 5.2m | 5.0m | 5.2m | 5.0m | 3.7m | 10.0m | 9.7m | 9.2m | 8.7m | 8.1m | 7.4m | 6.6m | 5.9m | 5.4m | 4.6m | 4.0m | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 6.6m | 6.6m | 6.6m | 6.6m | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
10 |
100,000 | 100,000 | 100,000 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 6.6m | 6.6m | 6.6m | 6.6m | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
12 |
- | - | - | - | - | - | - | - | 22,257 | 28,281 | 28,281 | 28,281 | 28,281 | 28,281 | 28,281 | 28,281 | 28,281 | 10,853 | 10,853 | |
13 |
2.9m | 4.0m | 3.7m | 5.1m | 4.9m | 5.1m | 4.9m | 3.6m | 3.4m | 3.1m | 2.5m | 2.0m | 8.0m | 7.2m | 6.5m | 5.7m | 5.2m | 4.5m | 3.8m | |
130/1 |
10,000 | 10,000 | 10,000 | 606,383 | 606,383 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
10,000 | 10,000 | 10,000 | 606,383 | 606,383 | 606,383 | 606,383 | 660,000 | 660,000 | 660,000 | 660,000 | 660,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
132 |
34,184 | 37,268 | 40,352 | 43,436 | 46,521 | 49,605 | 250,783 | 278,842 | 306,599 | 248,000 | - | - | - | - | - | - | - | - | - | |
133 |
2.8m | 3.9m | 3.7m | 4.5m | 4.2m | 4.5m | 4.0m | 2.7m | 2.4m | 2.2m | 1.9m | 1.4m | 8.0m | 7.2m | 6.5m | 5.7m | 5.2m | 4.5m | 3.8m | |
14 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
15 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,497 | 7,868 | 13,113 | |
16 |
17,469 | 19,057 | 20,645 | 22,233 | 23,821 | 25,409 | 26,998 | 28,586 | 30,174 | - | - | - | - | - | - | - | 1,801 | 4,051 | 6,752 | |
168 |
17,469 | 19,057 | 20,645 | 22,233 | 23,821 | 25,409 | 26,998 | 28,586 | 30,174 | - | - | - | - | - | - | - | 1,801 | 4,051 | 6,752 | |
17/49 |
2.5m | 958,124 | 722,077 | 467,813 | 564,441 | 138,207 | 143,794 | 7.2m | 374,128 | 528,526 | 303,953 | 756,803 | 612,478 | 381,912 | 299,118 | 298,789 | 471,638 | 498,020 | 415,651 | |
42/48 |
2.5m | 949,762 | 713,839 | 450,999 | 549,759 | 130,495 | 135,887 | 7.0m | 296,892 | 426,661 | 220,381 | 683,726 | 544,869 | 252,429 | 239,954 | 239,180 | 414,572 | 416,308 | 363,948 | |
44 |
53,669 | 26,072 | 34,096 | 46,266 | 30,978 | 46,222 | 70,185 | 455,817 | 276,331 | 315,567 | 128,501 | 616,144 | 439,749 | 146,294 | 196,038 | 210,212 | 352,102 | 356,797 | 265,448 | |
440/4 |
53,669 | 26,072 | 34,096 | 46,266 | 30,978 | 46,222 | 70,185 | 455,817 | 276,331 | 315,567 | 128,501 | 616,144 | 439,749 | 146,294 | 196,038 | 210,212 | 352,102 | 356,797 | 265,448 | |
45 |
142,436 | 189,893 | 146,895 | 10,513 | 80,313 | 19,410 | 17,668 | 71,303 | 293 | 18,130 | 91,880 | 67,582 | 103,182 | 100,223 | 42,539 | 26,800 | 60,338 | 57,474 | 97,261 | |
450/3 |
135,941 | 183,531 | 143,295 | 10,513 | 80,313 | 19,410 | 16,488 | 71,303 | 293 | 18,130 | 91,880 | 67,416 | 103,182 | 100,223 | 41,877 | 24,863 | 60,338 | 57,474 | 97,261 | |
454/9 |
6,496 | 6,363 | 3,599 | - | - | - | 1,179 | - | - | - | - | 166 | - | - | 662 | 1,937 | - | - | - | |
47/48 |
2.3m | 733,797 | 532,848 | 394,220 | 438,468 | 64,864 | 48,034 | 6.5m | 20,268 | 92,965 | - | - | 1,938 | 5,912 | 1,377 | 2,167 | 2,133 | 2,037 | 1,239 | |
492/3 |
6,999 | 8,362 | 8,239 | 16,814 | 14,682 | 7,712 | 7,907 | 115,559 | 77,236 | 101,864 | 83,572 | 73,076 | 67,610 | 129,483 | 59,164 | 59,609 | 57,065 | 81,711 | 51,703 | |
| Income statement | ||||||||||||||||||||
76A |
- | 0 | 3,000 | - | - | - | 6,500 | 1,000 | 93,444 | 1,500 | 826 | - | - | - | - | 1,500 | - | 22,992 | - | |
9900 |
871,616 | 880,274 | 1.6m | 587,987 | 541,802 | 629,834 | 101,320 | 1.2m | 1.7m | 1.8m | 1.6m | 1.6m | 1.7m | 1.8m | 1.6m | 1.4m | 1.7m | 1.8m | 1.6m | |
62 |
52,030 | 51,447 | 50,834 | 41,302 | 40,313 | 37,041 | 20,301 | 717,862 | 859,480 | 761,585 | 725,952 | 632,101 | 572,761 | 517,096 | 510,092 | 594,049 | 528,663 | 545,527 | 419,395 | |
630 |
135,740 | 121,110 | 117,417 | 117,119 | 139,163 | 178,866 | 189,647 | 181,657 | 169,424 | 197,265 | 219,714 | 204,750 | 192,214 | 195,697 | 201,943 | 221,969 | 211,636 | 314,336 | 181,380 | |
640/8 |
27,364 | 25,333 | 22,872 | 101,088 | 36,348 | 30,927 | 32,552 | 13,732 | 14,863 | 14,481 | 17,989 | 12,330 | 11,261 | 10,950 | 13,935 | 11,595 | 13,387 | 7,531 | 14,139 | |
66A |
- | - | - | - | - | - | - | 4,243 | 10,582 | - | - | - | - | - | 5,027 | - | 943 | - | - | |
9901 |
656,482 | 682,384 | 1.4m | 328,478 | 325,979 | 383,001 | -141,180 | 306,858 | 668,229 | 851,494 | 667,378 | 706,291 | 911,906 | 1.0m | 886,518 | 561,412 | 967,912 | 897,492 | 986,331 | |
75/76B |
137,246 | 34,083 | 16,793 | 4 | 0 | 2,964 | 1.9m | 20,746 | 16,305 | 32,042 | 49,765 | 769,597 | 87,917 | 75,837 | 76,269 | 74,857 | 102,204 | 75,824 | 78,134 | |
75 |
137,246 | 34,083 | 16,793 | 4 | 0 | 2,964 | 9,861 | 20,746 | 16,305 | 32,042 | 49,765 | 769,597 | 87,917 | 75,837 | 76,269 | 74,857 | 102,204 | 75,824 | 78,134 | |
76B |
- | - | - | - | - | - | 1.9m | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
112,250 | 37,344 | 32,963 | 19,123 | 14,342 | 530 | 403 | 11,772 | 1,538 | 777 | 490 | 885 | 630 | 889 | 2,860 | 6,224 | 44,067 | 3,759 | 6,989 | |
65 |
112,250 | 37,344 | 32,963 | 19,123 | 14,342 | 530 | 403 | 11,772 | 1,538 | 777 | 490 | 885 | 630 | 889 | 2,860 | 6,224 | 44,067 | 3,759 | 6,989 | |
9903 |
681,478 | 679,123 | 1.4m | 309,359 | 311,637 | 385,435 | 1.7m | 315,833 | 682,996 | 884,260 | 717,479 | 1.5m | 999,192 | 1.1m | 954,900 | 631,545 | 1.0m | 992,549 | 1.1m | |
780 |
1,588 | 1,588 | 1,588 | 1,588 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
196,540 | 213,341 | 436,000 | 95,953 | 93,977 | 106,256 | 157,382 | 125,738 | 317,396 | 349,969 | 219,945 | 199,200 | 266,444 | 354,683 | 201,946 | 138,526 | 292,897 | 328,039 | 296,443 | |
9904 |
486,525 | 467,369 | 958,053 | 214,995 | 219,249 | 280,767 | 1.6m | 191,683 | 335,427 | 534,291 | 497,534 | 1.3m | 732,748 | 769,718 | 752,955 | 494,820 | 734,460 | 667,211 | 765,535 | |
789 |
3,084 | 3,084 | 3,084 | 3,084 | 3,084 | 201,178 | 3,084 | 28,038 | 3,084 | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 281 | 61,683 | 248,000 | - | - | - | - | - | - | - | - | - | |
9905 |
489,609 | 470,453 | 961,137 | 218,079 | 222,333 | 481,945 | 1.6m | 219,440 | 276,828 | 286,291 | 497,534 | 1.3m | 732,748 | 769,718 | 752,955 | 494,820 | 734,460 | 667,211 | 765,535 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
489,609 | 470,453 | 961,137 | 218,079 | 222,333 | 481,945 | 1.6m | 219,440 | 276,828 | 286,291 | 497,534 | 1.3m | 732,748 | 769,718 | 752,955 | 494,820 | 734,460 | 667,211 | 765,535 | |
791/2 |
1.6m | 201,613 | 2.4m | - | 457,116 | - | - | - | - | - | - | 7.2m | - | - | - | - | - | - | - | |
691/2 |
489,609 | 470,453 | 961,137 | 218,079 | 222,333 | 481,945 | 1.6m | 219,440 | 276,828 | 286,291 | 497,534 | 1.3m | 732,748 | 769,718 | 752,955 | 494,820 | 734,460 | 667,211 | 765,535 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 650,000 | - | - | - | - | - | - | - | |
6921 |
489,609 | 470,453 | 961,137 | 218,079 | 222,333 | 481,945 | 1.6m | 219,440 | 276,828 | 286,291 | 497,534 | 625,803 | 732,748 | 769,718 | 752,955 | 494,820 | 734,460 | 667,211 | 765,535 | |
694/7 |
1.6m | 201,613 | 2.4m | - | 457,116 | - | - | - | - | - | - | 7.2m | - | - | - | - | - | - | - | |
694 |
1.6m | 201,613 | 2.4m | - | 457,116 | - | - | - | - | - | - | 7.2m | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
1 | 1 | 1 | 0.8 | 0.8 | 0.8 | 0.8 | 10.3 | 10.7 | 11.2 | 10.9 | 10.2 | 9.4 | 8.1 | 8.7 | 9.7 | 9.2 | 9.6 | 7.3 | |
Hours worked1013 |
1,584 | 1,732 | 1,764 | 1,452 | 1,482 | 1,468 | 1,464 | 16,201 | 17,473 | 18,877 | 17,236 | 16,307 | 15,146 | 13,758 | 14,780 | 15,518 | 14,820 | 16,329 | 11,459 | |
| Document | ||||||||||||||||||||
The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 29-09-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-09-2025 | 2025-00519952 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00432766 | |
| 31-12-2022 | abbreviated format | 08-06-2023 | 2023-00116895 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20394869 | |
| 31-12-2020 | abbreviated format | 29-10-2021 | 2021-74900116 | |
| 31-12-2019 | abbreviated format | 08-10-2020 | 2020-61000021 | |
| 31-12-2018 | abbreviated format | 17-07-2019 | 2019-34600128 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35400476 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-34100504 | |
| 31-12-2015 | abbreviated format | 09-06-2016 | 2016-16300526 | |
| 31-12-2014 | abbreviated format | 15-07-2015 | 2015-30700213 | |
| 31-12-2013 | abbreviated format | 18-07-2014 | 2014-31900504 | |
| 31-12-2012 | abbreviated format | 01-07-2013 | 2013-24200410 | |
| 31-12-2011 | abbreviated format | 28-08-2012 | 2012-46400314 | |
| 31-12-2010 | abbreviated format | 20-07-2011 | 2011-31500142 | |
| 31-12-2009 | abbreviated format | 29-06-2010 | 2010-24400430 | |
| 31-12-2008 | abbreviated format | 25-08-2009 | 2009-64000301 | |
| 31-12-2007 | abbreviated format | 10-06-2008 | 2008-21800369 | |
| 31-12-2006 | abbreviated format | 07-06-2007 | 2007-20200373 | |
| 31-12-2005 | abbreviated format | 12-07-2006 | 2006-45603464 | |
| 31-12-2004 | abbreviated format | 20-05-2005 | 2005-15804406 | |
| 31-12-2003 | abbreviated format | 28-06-2004 | 2004-33605236 | |
| 31-12-2002 | abbreviated format | 30-01-2004 | 2004-03302455 | |
| 31-12-2001 | abbreviated format | 26-11-2002 | 2002-73600671 | |
| 31-12-2000 | abbreviated format | 05-10-2001 | 2001-62701993 | |
| 31-12-1999 | abbreviated format | 08-06-2000 | 2000-19704217 | |
| 31-12-1998 | abbreviated format | 27-09-1999 | 1999-49102818 | |
| 31-12-1997 | abbreviated format | 05-06-1998 | 1998-14202883 | |
| 31-12-1996 | abbreviated format | 26-06-1997 | 1997-21304940 | |
| 31-12-1995 | abbreviated format | 26-04-1996 | 1996-06803271 | |
| 31-12-1994 | abbreviated format | 17-05-1995 | 1995-08403763 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 792,222 | 803,494 | 1.5m | 445,597 | 465,142 | 561,866 | 48,468 | 488,516 | 837,653 | 1.0m | 887,092 | 911,041 | 1.1m | 1.2m | 1.1m | 783,380 | 1.2m | 1.2m | 1.2m | ||
| 622,265 | 588,479 | 1.1m | 332,114 | 358,411 | 459,633 | 1.8m | 373,340 | 504,850 | 731,556 | 717,248 | 1.5m | 924,963 | 965,415 | 954,897 | 716,788 | 946,096 | 981,548 | 946,915 | ||
| 53,320 | 28,668 | 26,481 | 15,470 | 54,393 | 30,802 | 581,355 | 653,027 | 211,433 | 74,599 | 153,691 | 723,093 | 42,572 | 61,494 | 140,799 | 141,588 | 249,106 | 925,328 | 238,062 | ||
| -152,982 | -1.5m | -2.0m | 178,719 | 435,269 | 240,293 | -4.6m | -211,048 | 768,957 | 584,682 | 774,240 | -383,405 | 901,678 | 1.0m | 966,712 | 891,275 | 403,436 | 457,548 | - | ||
| 1.8m | 2.8m | 2.4m | 3.7m | 3.4m | 3.6m | 3.1m | 2.2m | 8.2m | 7.9m | 7.2m | 6.6m | 6.6m | 5.7m | 4.8m | 3.9m | 3.3m | 2.7m | 2.6m | ||
| 54.6% | 80.7% | 83.7% | 91.4% | 89.5% | 97.0% | 96.7% | 34.0% | 96.1% | 94.8% | 96.8% | 92.0% | 93.0% | 95.1% | 95.7% | 95.1% | 91.9% | 90.2% | 90.3% | ||
| 1.71 | 3.90 | 4.36 | 9.25 | 7.19 | 28.23 | 24.01 | 1.32 | 28.67 | 19.42 | 33.60 | 10.67 | 13.03 | 23.71 | 20.81 | 17.31 | 9.03 | 7.38 | 8.07 | ||
| 0.83 | 0.24 | 0.19 | 0.09 | 0.11 | 0.03 | 0.03 | 1.94 | 0.04 | 0.05 | 0.03 | 0.09 | 0.08 | 0.05 | 0.05 | 0.05 | 0.09 | 0.11 | 0.11 | ||
| 16.3% | 11.5% | 25.2% | 4.1% | 4.4% | 5.4% | 31.6% | 5.2% | 3.3% | 5.5% | 5.4% | 14.7% | 9.0% | 10.4% | 11.4% | 8.5% | 13.7% | 14.5% | 19.4% | ||
| 8.9% | 9.3% | 21.1% | 3.8% | 3.9% | 5.2% | 30.6% | 1.8% | 3.2% | 5.2% | 5.3% | 13.5% | 8.4% | 9.9% | 10.9% | 8.0% | 12.6% | 13.0% | 17.5% | ||
| 7.06 | 21.52 | 46.30 | 23.30 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | - |
| part-time | 0 | 0 | 0 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 0.8 |
| 1 | 1 | 1 | 0.8 | |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €53,320 | €28,668 | €26,481 | €15,470 |
| €135,740 | €121,110 | €117,417 | €117,119 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on FLEXUS GROUP
The operating result for 2024 is 4% lower than in 2023 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 19.0% to 45.1%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, last change in 2022Sole director (not named in the articles)
appointed by deed of 18-07-2022
term without a fixed end
earlier director, until 18-07-2022
listed in the 2024 annual accounts, filed on 29-09-2025
Mandates through the years
2 names, the dashed line is todayDirk LODEWYCKX
Sole director (not named in the articles)
Sole director (not named in the articles)
Maria DEGROEVE
Director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
- Dirk LODEWYCKX
- Sole director (not named in the articles), since before 31-12-2021
- Director, until 18-07-2022
- Maria DEGROEVE
- Director, from before 31-12-2021 to 18-07-2022
Control
Capital
- Capital
- €100,000
- Shares
- 280
- Contribution per share
- €357
- Equity per share
- €10,682 in 2024
- Source
- deed of 18-07-2022
Owners through the years
as the annual accounts name themOwners as a list
- FLEXUS
Source: lists of holdings in the owners' accounts
Articles of association
deed of 18-07-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
Shareholders
Stated in the deed
deed of 18-07-2022 ↗
- Dirk LODEWYCKX all shares
Network & group
Holdings
own 2017 accountsThis companyFLEXUS GROUP1 holding, 1 country
2017 accounts
Belgium 1 Equity Result
- BE Flexus Media99.67%no longer active €0 result -€206,553
Source: list of holdings in its own 2017 accounts. Every holding stands with its own latest accounts.
Timeline
Timeline
42 events since 1993Board
Filings
Financial
Permits
Establishments
1995200020052010201520202025
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0451070784
Annual accounts 2024 filed PDFabbreviated format · 60 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 30 days late
2023
Annual accounts 2022 filed PDFabbreviated format · 53 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 31 days late
Change of role: Dirk LODEWYCKX, from director to sole directorResignation: Maria DEGROEVE (director) · Dirk LODEWYCKX holds all the shares · Director discharge: Dirk LODEWYCKX · General meeting of 06-07-20229 points ▸
- General meeting, 06-07-2022
- Director resignation, Dirk LODEWYCKX
- Director resignation, Maria DEGROEVE
- Director appointment, Dirk LODEWYCKX (sole director (not named in the articles))
- Registered office clause, Koopvaardijlaan 25, 9000 Gent
- Dirk LODEWYCKX holds all the shares
- Capital, €100,000, 280 shares
- Director discharge, Dirk LODEWYCKX
- Director discharge, Maria DEGROEVE
- The deed holds 3 more points.
2021
Annual accounts 2020 filed PDFabbreviated format · 90 days late
2020
Annual accounts 2019 filed PDFabbreviated format · 69 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 14 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen · Gent
2018
Highest result from 2006 to 2024 net €1.6m ▲717% The net result of €1.6m is the highest of those years.
Liquidity more than 18 times current ratio 24.01 The current ratio rises from 1.32 to 24.01. Short-term debt falls from €7.0m to €135,887.
Annual accounts 2017 filed PDFabbreviated format · 11 days before the deadline
2017
Weakest financial year net €191,683 ▼42.9% The net result drops to €191,683, the lowest from 2006 to 2024. It recovers the following year.
Annual accounts 2016 filed PDFabbreviated format · 11 days before the deadline
2016
Equity above €10m equity €10.0m ▲3.4% With a profit in every financial year since 2006, equity grows to €10.0m.
Annual accounts 2015 filed PDFabbreviated format · 52 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 16 days before the deadline
2014
Liquidity more than triples current ratio 33.60 The current ratio rises from 10.67 to 33.60. Short-term debt falls from €683,726 to €220,381.
Annual accounts 2013 filed PDFabbreviated format · 13 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 30 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 28 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 11 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 32 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 25 days late
2008
Equity above €5m equity €5.4m ▲16.2% With a profit in every financial year since 2006, equity grows to €5.4m.
Annual accounts 2007 filed PDFabbreviated format · 51 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 54 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
First establishment FLEXUS, Koopvaardijlaan 25, Ghent
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1993
Incorporation published on 29-10-1993
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0451.070.784
- VAT number
- BE 0451.070.784
- Peppol ID
- 0208:0451070784
- Other Peppol ID
- 9925:BE0451070784
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 05-10-1993
- Financial year
- ends on 31 December
- Peppol
- Reachable since 17-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- FLEXUS GROUP in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-07-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-07-2022 (in Dutch)
Activities
NACEBEL 2025VAT activities
73110
Advertising agencies main activity
Social security (RSZ) activities
73110
Advertising agencies main activity
Joint committees annual accounts 2024
JC 100
Auxiliary committee for blue-collar workers
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
73110
Advertising, market research and public relations activities main activity
Social security (RSZ) activities
73110
Advertising, market research and public relations activities main activity
Codes under NACEBEL 2003
VAT activities
74401
main activity
Social security (RSZ) activities
74401
main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle activiteiten in verband met het maken,het creëren,het distribueren van reclame en publiciteit onder al zijn vormen en ongeacht het…”deed of 18-07-2022 (in Dutch)
7 activities
- Alle activiteiten in verband met het maken,het creëren,het distribueren van reclame en publiciteit onder al zijn vormen en ongeacht het daarbij gebruikte medium,alsook de verkoop van publiciteitsartikelen en –benodigdheden
- De exploitatie van een public relations-,reclame-,promotie- en organisatiebureau,evenals het uitvoeren van studies en het verlenen van diensten in dat verband
- Alle activiteiten van een platenmaatschappij
- Het uitgeven,drukken en verkopen van boeken en tijdschriften in de meest ruime zin,alsmede alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met het uitgevers-drukkersbedrijf
- Het verlenen van dienstprestaties van economische en/of juridische aard,zowel in eigen beheer als in deelname met derden,daartoe behoren techno-consult,assistentie op gebied van management,engineering,consulting en franchising,technisch,commercieel en administratief beheer en advies,fiscaal en boekhoudkundig advies,alsook het ter beschikking stellen en het huren en verhuren van personeel
- Het beheer,de instandhouding en de valorisatie van een eigen onroerend patrimonium,met inbegrip van het onderhoud,de verbouwing en bebouwing ervan en met uitzondering van makelaar in onroerend goed
- Coördinatie van bouwwerkzaamheden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| FLEXUS registered office Koopvaardijlaan 25, 9000 Ghent | 02-03-2001 | 2.064.197.117 |
Buildings and parcels at the address
- Ground area
- 294 m²
- Buildings
- 236 m²
- Volume, LiDAR
- 3,190 m³
- Tallest building
- 18.2 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2019 · 1 granted| 10-07-2019 | Granted | Bouwen of herbouwen submitted 25-04-2019 · project 2019052349 | Gent |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44807G0728/02R013 | 294 m² | 1 · 236 m² | 18.2 m · 5 |
Contact
E-mail
invoicing@flexus.be establishment in Gent