FLEXXUM
ActiveSummary
FLEXXUM has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,289 and a net result of €121,669. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+24
Solvency25▲+1
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.09 in 2024; short-term debt: 9.2% and cash: 2.6% of total assets), and 99.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.4%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14258 sector peers (2025).
NBB · sector comparisonPosition among 14258 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
36 d early
2022
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 company by total assets in Mouscron, Real estate sector
Equity
€43,289
2024 · -€78,380
Total assets
€11.2m▲ 44.5%
2024 · €7.8m
Net result
€121,669
2024 · -€165,091
Working capital
-€315,966▲ 80.8%
2024 · -€1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€11,674--€121,692▼ 942%-€72,203▲ 40.7%€594,169
Net result-€12,568below the sector's middle half--€150,722below the sector's middle half▼ 1,099%-€165,091below the sector's middle half▼ 9.5%€121,669above the sector's middle half
Equity€237,432within the sector's middle half-€86,711within the sector's middle half▼ 63.5%-€78,380below the sector's middle half€43,289within the sector's middle half
Total assets€262,878within the sector's middle half-€1.8mabove the sector's middle half▲ 567%€7.8mabove the sector's middle half▲ 342%€11.2mabove the sector's middle half▲ 44.5%
Debt€25,446-€1.7m▲ 6,445%€7.8m▲ 370%€11.2m▲ 42.5%
Working capital-€7,465within the sector's middle half-€163,657above the sector's middle half-€1.6mbelow the sector's middle half-€315,966below the sector's middle half▲ 80.8%
Solvency90.3%above the sector's middle half-4.9%within the sector's middle half▼ 85.4pp-1.0%below the sector's middle half▼ 6.0pp0.4%below the sector's middle half▲ 1.4pp
Current ratio0.71within the sector's middle half-10.61above the sector's middle half▲ 9.900.09below the sector's middle half▼ 10.520.69within the sector's middle half▲ 0.60
Return on assets (ROA)-4.8%below the sector's middle half--8.6%below the sector's middle half▼ 3.8pp-2.1%within the sector's middle half▲ 6.5pp1.1%within the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €594,169 after a loss of €72,203 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€10.5m ▲ 38.1%
Current assets
€711,991 ▲ 346%
Equity and liabilities €11.2m
Equity
€43,289
Debt
€11.2m
Debt finances 99.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€1.1m▲
2024 · -€16,201
Cash flow
€630,258▲
2024 · -€109,089
ROE
281.1%
Interest coverage
2.33▲
2024 · -0.17
Debt ≤ 1 year
€1.0m▼
2024 · €1.8m
Debt > 1 year
€10.1m▲
2024 · €6.0m
A ratio outside any meaningful range has been withheld (balance sheet total €11.2m, equity €43,289).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 628 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- solvency under 10%
- a profit under 5% of the balance sheet
- without age
1.1%
went bankrupt
1.1%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 628 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10.0m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €101,638 | €56,002 | €508,589 | ▲ 808% |
| Other operating charges640/8 | - | €125 | €0 | €1,908 | - |
| Non-recurring operating charges66A | - | - | - | €9.2m | - |
| Gross operating margin9900 | -€11,674 | -€19,928 | -€16,201 | €10.3m | ▲ 63,736% |
| Operating profit (loss)9901 | -€11,674 | -€121,692 | -€72,203 | €594,169 | ▲ 923% |
| Financial income75/76B | - | - | €375 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €375 | €0 | ▼ 100% |
| Financial charges65/66B | €894 | €29,030 | €93,263 | €472,501 | ▲ 407% |
| Recurring financial charges65 | €894 | €29,030 | €93,263 | €472,501 | ▲ 407% |
| Profit (loss) for the period before taxes9903 | -€12,568 | -€150,722 | -€165,091 | €121,669 | ▲ 174% |
| Profit (loss) for the period9904 | -€12,568 | -€150,722 | -€165,091 | €121,669 | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | -€12,568 | -€150,722 | -€165,091 | €121,669 | ▲ 174% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €262,878 | €1.8m | €7.8m | €11.2m | ▲ 44.5% |
| Fixed assets21/28 | €244,897 | €1.6m | €7.6m | €10.5m | ▲ 38.1% |
| Tangible fixed assets22/27 | €244,897 | €1.6m | €7.6m | €10.5m | ▲ 38.1% |
| Land and buildings22 | - | €1.3m | €1.3m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €22,376 | - |
| Furniture and vehicles24 | - | - | - | €10,596 | - |
| Leasing and similar rights25 | - | - | - | €9.2m | - |
| Other tangible fixed assets26 | - | - | - | €1.3m | - |
| Assets under construction and advance payments27 | €244,897 | €257,507 | €6.3m | €0 | ▼ 100% |
| Current assets29/58 | €17,981 | €180,689 | €159,801 | €711,991 | ▲ 346% |
| Amounts receivable within one year40/41 | €25 | €122,806 | €85,362 | €421,964 | ▲ 394% |
| Trade receivables40 | - | €58,190 | €0 | €313,883 | - |
| Other amounts receivable41 | €25 | €64,616 | €85,362 | €108,081 | ▲ 26.6% |
| Cash at bank and in hand54/58 | €17,955 | €43,345 | €66,327 | €288,324 | ▲ 335% |
| Deferred charges and accrued income490/1 | - | €14,538 | €8,112 | €1,703 | ▼ 79.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €262,878 | €1.8m | €7.8m | €11.2m | ▲ 44.5% |
| Equity10/15 | €237,432 | €86,711 | -€78,380 | €43,289 | ▲ 155% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Profit (loss) carried forward14 | -€12,568 | -€163,289 | -€328,380 | -€206,711 | ▲ 37.1% |
| Amounts payable17/49 | €25,446 | €1.7m | €7.8m | €11.2m | ▲ 42.5% |
| Amounts payable after more than one year17 | - | €1.6m | €6.0m | €10.1m | ▲ 68.2% |
| Financial debts170/4 | - | €1.6m | €6.0m | €10.1m | ▲ 68.2% |
| Amounts payable within one year42/48 | €25,446 | €17,032 | €1.8m | €1.0m | ▼ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €421,564 | - |
| Trade debts44 | €446 | €16,961 | €1.8m | €476,169 | ▼ 73.7% |
| Suppliers440/4 | €446 | €16,961 | €1.8m | €476,169 | ▼ 73.7% |
| Taxes, remuneration and social security45 | - | €71 | €0 | €30,225 | - |
| Taxes450/3 | - | €71 | €0 | €30,225 | - |
| Other amounts payable47/48 | €25,000 | €0 | - | €100,000 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,568 | -€150,722 | -€165,091 | €121,669 | ▲ 174% |
| + Depreciation and write-downs630 | - | €101,638 | €56,002 | €508,589 | ▲ 808% |
| Operating cash flow (approximation) | -€12,568 | -€49,083 | -€109,089 | €630,258 | ▲ 678% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€6.1m | -€3.4m | ▲ 44.0% |
| Change in cash | - | €25,389 | €22,982 | €221,997 | ▲ 866% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €121,669
Net result €121,669 after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€165,091
Net result drops to -€165,091, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 15current ratio 10.61
Current ratio from 0.71 to 10.61; short-term debt falls from €25,446 to €17,032.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Mouscron · 1 establishment unit since 2021
Ground area
5.5 ha
Parcel 57028B0011/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
FLEXXUM
since 20212.325.817.401
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57028B0011/00R000 | Wallonia | 5.5 ha | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 3,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778772319
Also
9925:BE0778772319
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.