FLEXVISION
FLEXVISION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €398k and a net result of €43k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 1101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €398k |
| Net result | €43k |
| Staff (FTE) | 5 |
| Better than sector | 51% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.1% | 44.6% | |
| Net result | €43k | €24k | |
| Equity | €398k | €306k | |
| Gross operating margin | €379k | €113k | |
| Staff costs | €254k | €393k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €103k | €104k | €165k | €379k |
| Net profit | €43k | €38k | €79k | €298k |
| Cash flow | €73k | €73k | €114k | €344k |
| Staff costs | €254k | €277k | €326k | €408k |
| Income taxes | €22k | €21k | €43k | €27k |
| Dividends | €30k | €70k | - | - |
| Total assets | €882k | €864k | €852k | €1.06M |
| Equity | €398k | €386k | €421k | €343k |
| Debt | €484k | €478k | €432k | €716k |
| of which ≤ 1y | €296k | €262k | €188k | €445k |
| of which > 1y | €188k | €215k | €243k | €271k |
| Working capital | €385k | €370k | €401k | €339k |
| Employees (FTE) | 5.0 | 6.0 | 7.1 | 9.4 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.30 | 2.41 | 3.13 | 1.76 |
| Quick ratio | 2.30 | 2.41 | 3.13 | 1.76 |
| Working capital ratio | 43.7% | 42.8% | 47.0% | 32.0% |
| Solvency | 45.1% | 44.7% | 49.3% | 32.4% |
| Debt / equity | 1.22 | 1.24 | 1.03 | 2.09 |
| Long-term debt ratio | 0.47 | 0.56 | 0.58 | 0.79 |
| Interest coverage | 10.64 | 11.21 | 17.21 | 37.50 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 4.9% | 4.3% | 9.3% | 28.2% |
| ROE | 10.9% | 9.7% | 18.8% | 87.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €882k | €864k | €852k | €1.06M |
| Fixed assets | 21/28 | €201k | €232k | €263k | €276k |
| Tangible fixed assets | 22/27 | €201k | €232k | €263k | €276k |
| Current assets | 29/58 | €681k | €632k | €589k | €783k |
| Amounts receivable within one year | 40/41 | €273k | €297k | €174k | €312k |
| Cash & bank | 54/58 | €391k | €335k | €415k | €471k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €882k | €864k | €852k | €1.06M |
| Equity | 10/15 | €398k | €386k | €421k | €343k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €256k | €242k | €275k | €196k |
| Accumulated profits (losses) | 14 | €124k | €124k | €124k | €124k |
| Amounts payable | 17/49 | €484k | €478k | €432k | €716k |
| Amounts payable after one year | 17 | €188k | €215k | €243k | €271k |
| Amounts payable within one year | 42/48 | €296k | €262k | €188k | €445k |
| Trade debts payable within one year | 44 | €183k | €72k | €59k | €55k |
| Income statement | |||||
| Gross operating margin | 9900 | €379k | €391k | €506k | €809k |
| Operating result | 9901 | €74k | €68k | €130k | €334k |
| Financial income | 75 | €2k | €2k | €2k | €2k |
| Financial charges | 65 | €10k | €9k | €10k | €10k |
| Result before taxes | 9903 | €65k | €58k | €122k | €325k |
| Income taxes | 67/77 | €22k | €21k | €43k | €27k |
| Net result for the period | 9904 | €43k | €38k | €79k | €298k |
| Result to be appropriated | 9905 | €43k | €38k | €79k | €298k |
-
Current13-11-2025 → present
2 events
- 13-11-2025 Appointed· Director
- 01-10-2022 Resigned· Director
-
Current01-10-2022 → present
Historic, not recently confirmed (1)
-
S.T.C. CONSULTPrivate limited companyManaging director· perm. rep.: Christophe ZINGAROState Gazette act 15182715 (31-12-2015)Not recently confirmedlast confirmed in an act from 2015
Former directors (3)
-
Former- → 31-10-2025
-
S.T.C. CONSULTLegal entityDirector· perm. rep.: Christophe ZINGAROState Gazette act 22130210 (03-11-2022)Former- → 01-10-2022
-
Former- → 07-12-2015
| NACE primary | Advertising agencies(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 07-10-2011 |
| Status | Active |
| Postal code | 4681 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62049A0779/00K002 | Wallonia | 492 m² | - | - |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-11-2025 1 director appointed, 1 resigning
- ZINGARO Christophe, Bestuurder
- CGARLIER Chrystelle, Bestuurder
Technical details
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"name": "CGARLIER Chrystelle",
"address": null,
"birth_date": null
},
"effective_date": "2025-10-31",
"evidence_quote": "L\u0027actionnaire unique prend acte de la d\u00E9mission aux fonctions d\u0027administrateur de l\u0027administrateur suivant: - Madame CGARLIER Chrystelle. La d\u00E9mission prendra effet \u00E0 la date du 31/10/2025. L\u0027actionnaire unique donne d\u00E9charge \u00E0 l\u0027administrateur pour l\u0027exercice de ses fonctions jusqu\u0027\u00E0 la date de la ",
"discharge_granted": true
},
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"rrn": null,
"name": "ZINGARO Christophe",
"address": null,
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},
"effective_date": "2025-11-13",
"evidence_quote": "L\u0027actionnaire unique d\u00E9cide de nommer aux fonctions d\u0027administrateur, Monsieur ZINGARO Christophe, N.N. 79.02.16-201.22 \u00E9t ce pour une \u0027dur\u00E9e illimit\u00E9e A L\u0027exercice de son mandat n\u0027est pas r\u00E9mun\u00E9r\u00E9 et prend effet ce jour."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0840.081.564",
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"legal_form": "SRL"
}
}03-11-2022 1 director appointed, 2 resigning
- CHARLIER Chrystelle, Bestuurder
- ZINGARO Christophe, Bestuurder
- Christophe ZINGARO, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
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"rrn": null,
"name": "ZINGARO Christophe",
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"effective_date": "2022-10-01",
"evidence_quote": "L\u0027actionnaire unique prend acte de la d\u00E9mission aux fonctions d\u0027administrateurs des administrateurs suivants: -Monsieur ZINGARO Christophe",
"discharge_granted": true
},
{
"kind": "director_out",
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"via_org": {
"kbo": null,
"name": "S.T.C. CONSULT",
"address": null,
"country": null,
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},
"effective_date": "2022-10-01",
"evidence_quote": "L\u0027actionnaire unique prend acte de la d\u00E9mission aux fonctions d\u0027administrateurs des administrateurs suivants: -La SRL S.T.C. CONSULT repr\u00E9sent\u00E9e par Monsieur Christophe ZINGARO",
"discharge_granted": true
},
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"kind": "director_in",
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"name": "CHARLIER Chrystelle",
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},
"effective_date": "2022-10-01",
"evidence_quote": "L\u0027actionnaire unique d\u00E9cide de nommer aux fonctions d\u0027administrateur Madame CHARLIER Chrystelle, N.N. 76.12.14-120.73 et ce pour une dur\u00E9e illimit\u00E9e."
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0840.081.564",
"name_full": "FLEXVISION",
"legal_form": "SPRL"
}
}28-11-2017 Registered office moved from HERSTAL to HERMALLE-SOUS-ARGENTEAU
- 1ere avenue 2, 4040 HERSTAL → rue Vallée 13, 4681 HERMALLE-SOUS-ARGENTEAU
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "HERMALLE-SOUS-ARGENTEAU",
"region": null,
"street": "rue Vall\u00E9e",
"country": "BE",
"postcode": "4681",
"box_number": "04",
"street_number": "13"
},
"old_address": {
"city": "HERSTAL",
"region": null,
"street": "1ere avenue",
"country": "BE",
"postcode": "4040",
"box_number": null,
"street_number": "2"
},
"effective_date": "2018-01-01",
"evidence_quote": "A dater du 1er janvier prochain, soit le 1er janvier 2018, le si\u00E8ge sera transf\u00E9r\u00E9 \u00E0 4681 HERMALLE-SOUS-ARGENTEAU (Oupeye), rue Vall\u00E9e n\u00B0 13/04."
}
],
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"legal_form": "SPRL"
}
}31-12-2015 1 director appointed, 1 resigning
- Christophe ZINGARO, Gedelegeerd bestuurder
- Nicolas BAILLY, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Nicolas BAILLY",
"address": null,
"birth_date": null
},
"effective_date": "2015-12-07",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide \u00E0 l\u0027unanimit\u00E9 d\u0027accepter la proposition de d\u00E9mission de Monsieur BAILLY. La d\u00E9mission est effective \u00E0 dater de ce jour."
},
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"via_org": {
"kbo": "0890275601",
"name": "S.P.R.L. S.T.C. CONSULT",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2015-01-01",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9c\u00EDde \u00E0 l\u0027unanimit\u00E9 d\u0027accepter la proposition du Pr\u00E9sident de proc\u00E9der \u00E0 la nomination de la s.p.r.l. S.T.C. CONSULT au titre de g\u00E9rant ... La nomination intervient avec un effet au 1er janvier 2015"
}
],
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"subject_company": {
"kbo": "0840.081.564",
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}
}20-10-2011 Incorporation of a new SNC
Technical details
{
"kind": "oprichting",
"seat": "4040 Herstal, Z.I. HAUTS SARTS, 1re Avenue 2",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
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"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1978-02-26",
"name": "BAILLY Nicolas Jean Armand Joseph",
"niss": null,
"address": "4520 Wanze, rue Georges Hubin, 17"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 3100,
"holder_person_name": "BAILLY Nicolas Jean Armand Joseph",
"is_subscriber_only": false,
"n_shares_subscribed": 93,
"amount_subscribed_eur": 9300,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1979-02-16",
"name": "ZINGARO Christophe",
"niss": null,
"address": "4601 Vis\u00E9, rue sur le Bois 21"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
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"contribution_type": "cash",
"amount_paid_in_eur": 3100,
"holder_person_name": "ZINGARO Christophe",
"is_subscriber_only": false,
"n_shares_subscribed": 93,
"amount_subscribed_eur": 9300,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0840.081.564",
"name_full": "FLEXVISION",
"legal_form": "SNC"
},
"initial_directors": [],
"incorporation_date": "2011-10-03",
"post_incorporation_mandates": []
}| Legal nameFR | FLEXVISION |