FLXION
ActiveSummary
FLXION has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,665 and a net result of -€10,991. Equity is shrinking by ~31.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 60% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency96▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.2 in 2023; short-term debt: 29.5% and cash: 0.8% of total assets), and 29.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.5%
Return on assets
-37.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€10,991
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
on the day
2022
on the day
2021
19 d early
2020
45 d early
2019
39 d early
← 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€20,665▼ 34.7%
2023 · €31,656
Total assets
€29,306▼ 21.5%
2023 · €37,355
Net result
-€10,991▲ 80.9%
2023 · -€57,464
Working capital
-€7,180▼ 58.4%
2023 · -€4,532
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€155,427▼ 80.6%€49-€60,635-€57,227▲ 5.6%-€10,883▲ 81.0%
Net result-€159,330▼ 84.6%-€3,313▲ 97.9%-€61,938▼ 1,769%-€57,464▲ 7.2%-€10,991▲ 80.9%
Equity€154,371▼ 23.3%€151,058▼ 2.1%€89,119▼ 41.0%€31,656▼ 64.5%€20,665▼ 34.7%
Total assets€268,668▼ 13.2%€202,179▼ 24.7%€89,511▼ 55.7%€37,355▼ 58.3%€29,306▼ 21.5%
Debt€73,272▼ 30.5%€51,121▼ 30.2%€391▼ 99.2%€5,699▲ 1,356%€8,641▲ 51.6%
Working capital€5,320▼ 91.5%€64,881▲ 1,120%€34,614▼ 46.7%-€4,532-€7,180▼ 58.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,883 in 2024 against €57,227 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €29,306
Fixed assets
€27,845 ▼ 23.1%
Current assets
€1,461 ▲ 25.2%
Equity and liabilities €29,306
Equity
€20,665 ▼ 34.7%
Debt
€8,641 ▲ 51.6%
Debt's share of the balance-sheet total rises from 15.3% to 29.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,540▲
2023 · -€5,548
Cash flow
-€2,648▲
2023 · -€5,785
Current ratio
0.17▼
2023 · 0.20
Debt to equity
0.42▲
2023 · 0.18
ROE
-53.2%▲
2023 · -181.5%
ROA
-37.5%▲
2023 · -153.8%
Interest coverage
-23.59▼
2023 · -23.38
Debt ≤ 1 year
€8,641▲
2023 · €5,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,770 | €51,671 | €51,671 | €51,678 | €8,343 | ▼ 83.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€41,025 | - | - | - | - |
| Other operating charges640/8 | - | €468 | €469 | €516 | €141 | ▼ 72.8% |
| Non-recurring operating charges66A | - | €11,507 | - | - | - | - |
| Gross operating margin9900 | -€60,826 | €22,669 | -€8,494 | -€5,032 | -€2,399 | ▲ 52.3% |
| Operating profit (loss)9901 | -€155,427 | €49 | -€60,635 | -€57,227 | -€10,883 | ▲ 81.0% |
| Financial income75/76B | - | €16 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €16 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €3,379 | €1,304 | €237 | €108 | ▼ 54.6% |
| Recurring financial charges65 | €3,904 | €3,379 | €1,304 | €237 | €108 | ▼ 54.6% |
| Profit (loss) for the period before taxes9903 | -€159,330 | -€3,313 | -€61,938 | -€57,464 | -€10,991 | ▲ 80.9% |
| Profit (loss) for the period9904 | -€159,330 | -€3,313 | -€61,938 | -€57,464 | -€10,991 | ▲ 80.9% |
| Profit (loss) for the period to be appropriated9905 | -€159,330 | -€3,313 | -€61,938 | -€57,464 | -€10,991 | ▲ 80.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268,668 | €202,179 | €89,511 | €37,355 | €29,306 | ▼ 21.5% |
| Fixed assets21/28 | €230,086 | €106,177 | €54,506 | €36,188 | €27,845 | ▼ 23.1% |
| Intangible fixed assets21 | €230,086 | €106,177 | €54,506 | €36,188 | €27,845 | ▼ 23.1% |
| Current assets29/58 | €38,582 | €96,002 | €35,005 | €1,167 | €1,461 | ▲ 25.2% |
| Amounts receivable within one year40/41 | €16,074 | €86,400 | €34,104 | €412 | €1,232 | ▲ 199% |
| Trade receivables40 | - | €86,400 | €33,704 | €0 | €613 | - |
| Other amounts receivable41 | - | - | €400 | €412 | €619 | ▲ 50.5% |
| Cash at bank and in hand54/58 | €19,656 | €4,767 | €131 | €126 | €229 | ▲ 82.2% |
| Deferred charges and accrued income490/1 | - | €4,835 | €770 | €630 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268,668 | €202,179 | €89,511 | €37,355 | €29,306 | ▼ 21.5% |
| Equity10/15 | €154,371 | €151,058 | €89,119 | €31,656 | €20,665 | ▼ 34.7% |
| Contributions10/11 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Capital10 | - | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Issued capital100 | - | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Profit (loss) carried forward14 | -€245,629 | -€248,942 | -€310,881 | -€368,344 | -€379,335 | ▼ 3.0% |
| Provisions and deferred taxes16 | €41,025 | - | - | - | - | - |
| Amounts payable17/49 | €73,272 | €51,121 | €391 | €5,699 | €8,641 | ▲ 51.6% |
| Amounts payable after more than one year17 | €40,000 | €20,000 | - | - | - | - |
| Other amounts payable178/9 | - | €20,000 | - | - | - | - |
| Amounts payable within one year42/48 | €33,262 | €31,121 | €391 | €5,699 | €8,641 | ▲ 51.6% |
| Current portion of amounts payable after more than one year42 | - | €20,000 | - | - | - | - |
| Trade debts44 | €13,262 | €717 | €391 | €5,699 | €8,413 | ▲ 47.6% |
| Suppliers440/4 | - | €717 | €391 | €5,699 | €8,413 | ▲ 47.6% |
| Taxes, remuneration and social security45 | - | €10,404 | - | - | €228 | - |
| Taxes450/3 | - | €10,404 | - | - | €228 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€159,330 | -€3,313 | -€61,938 | -€57,464 | -€10,991 | ▲ 80.9% |
| + Depreciation and write-downs630 | €55,770 | €51,671 | €51,671 | €51,678 | €8,343 | ▼ 83.9% |
| Operating cash flow (approximation) | -€103,560 | €48,358 | -€10,267 | -€5,785 | -€2,648 | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | €72,238 | €0 | -€33,360 | €0 | ▲ 100% |
| Change in cash | - | -€14,890 | -€4,636 | -€5 | €103 | ▲ 2,104% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 29current ratio 89.45
Current ratio from 3.08 to 89.45; short-term debt falls from €31,121 to €391.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 3.08
Current ratio from 1.16 to 3.08; short-term debt falls from €33,262 to €31,121.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€159,330
Net result drops to -€159,330, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Aalst · 1 establishment unit since 2018
Ground area
3,791 m²
Building footprint
1,152 m²
Volume, LiDAR
12,635 m³
Parcel 41342B0950/00K002, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
51
companies at this address
See who is registered here
1 establishment unit
FLXION
since 20182.283.005.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0950/00K002 | Flanders | 3,791 m² | 1 · 1,152 m² | 14.4 m · 4 fl. |
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.
Similar companies · same sector, comparable size
HVH Services
BE 0694.908.790
Dendermonde · Eq €20,669
OptizOnion
BE 0792.786.641
Tournai · Eq €20,651
TRIPTOMATIC
BE 0739.577.785
Duffel · Eq €20,629
EVOLVI
BE 0680.539.330
Esneux · Eq €20,590
Bergström Consulting
BE 0791.565.827
Diest · Eq €20,744
Of 16,910 companies in sector 62100 we hold annual accounts for 8,775. 5,822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.