FLEXXUM
The computed 12-month bankruptcy probability of FLEXXUM is 1.1% (low). The 2024 annual accounts show negative equity (€-78k) and a net result of €-165k. Equity is shrinking by ~182.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 4951 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-78k |
| Net result | €-165k |
| Better than sector | 24% |
| Active | 4 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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 | -1.0% | 16.7% | |
| Net result | €-165k | €2k | |
| Equity | €-78k | €27k | |
| Gross operating margin | €-16k | €27k | |
| Total assets | €7.75M | €302k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-16k |
| Net profit | €-165k |
| Cash flow | €-109k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €7.75M |
| Equity | €-78k |
| Debt | €7.83M |
| of which ≤ 1y | €1.81M |
| of which > 1y | €6.02M |
| Working capital | €-1.65M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.09 |
| Quick ratio | 0.09 |
| Working capital ratio | -21.3% |
| Solvency | -1.0% |
| Debt / equity | -99.88 |
| Long-term debt ratio | -76.81 |
| Interest coverage | -0.17 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.1% |
| ROE | 210.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €7.75M |
| Fixed assets | 21/28 | €7.59M |
| Tangible fixed assets | 22/27 | €7.59M |
| Current assets | 29/58 | €160k |
| Amounts receivable within one year | 40/41 | €85k |
| Cash & bank | 54/58 | €66k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.75M |
| Equity | 10/15 | €-78k |
| Contributions / capital | 10/11 | €250k |
| Accumulated profits (losses) | 14 | €-328k |
| Amounts payable | 17/49 | €7.83M |
| Amounts payable after one year | 17 | €6.02M |
| Amounts payable within one year | 42/48 | €1.81M |
| Trade debts payable within one year | 44 | €1.81M |
| Income statement | ||
| Gross operating margin | 9900 | €-16k |
| Operating result | 9901 | €-72k |
| Financial income | 75 | €375 |
| Financial charges | 65 | €93k |
| Result before taxes | 9903 | €-165k |
| Net result for the period | 9904 | €-165k |
| Result to be appropriated | 9905 | €-165k |
-
Louis THIERSDirectorState Gazette act 23040332 (23-03-2023)Current23-03-2023 → present
| NACE primary | Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen(68201) |
| Legal form | Private limited company(610) |
| Incorporation | 17-12-2021 |
| Status | Active |
| Postal code | 7711 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57028B0011/00R000 | Wallonia | 5.5 ha | - | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-04-2025 Registered office moved within Mouscron
- 7700 Mouscron, Industriëlaan 72 → 7711 Mouscron (Dottignies), Rue Jules Vantieghem 102
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "7711 Mouscron (Dottignies), Rue Jules Vantieghem 102",
"city": "Mouscron",
"region": "waals_gewest",
"street": "Rue Jules Vantieghem",
"country": "BE",
"postcode": "7711",
"box_number": null,
"street_number": "102",
"locality_suffix": "(Dottignies)"
},
"old_address": {
"raw": "7700 Mouscron, Industri\u00EBlaan 72",
"city": "Mouscron",
"region": "waals_gewest",
"street": "Industri\u00EBlaan",
"country": "BE",
"postcode": "7700",
"box_number": null,
"street_number": "72",
"locality_suffix": null
},
"effective_date": "2025-03-21",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-04-24",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2025-03-21",
"unanimous": null
},
"subject_company": {
"kbo": "0778.772.319",
"name_full": "FLEXXUM lerarede Forne l\u00E5gale",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": "0882.371.584",
"org_name": "NV TITECA ACCOUNTANCY",
"person_name": "Aiarpi Abramian",
"org_rep_person_name": "Aiarpi Abramian",
"person_role_at_subject": "employ\u00E9"
},
"co_filed_documents": [
"le proc\u00E8s-verbal de la r\u00E9union de l\u0027organe d\u0027administration du 21/03/2025"
]
}23-03-2023 Louis THIERS appointed as director
- Louis THIERS, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Louis THIERS",
"address": "8500 Kortrijk, Plein, 30",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "a nomm\u00E9 comme repr\u00E9sentant permanent de la soci\u00E9t\u00E9 LOTH CAPITAL Monsieur Louis THIERS, demeurant \u00E0 8500 Kortrijk, Plein, 30, pour une dur\u00E9e ind\u00E9termin\u00E9e, avec effet \u00E0 compter de la nomination de la soci\u00E9t\u00E9 LOTH CAPITAL comme administrateur de la soci\u00E9t\u00E9 FLEXXUM",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": null,
"filing_date": "2023-03-09",
"act_kind_objet": "NOMINATION REPRESENTANT PERMANENT"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2021-12-15",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0778.772.319",
"name_full": "FLEXXUM",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Louis THIERS",
"org_rep_person_name": null,
"person_role_at_subject": "administrateur et repr\u00E9sentant permanent"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | FLEXXUM |