Equity
€12,276 from €201,201 in 2019
Equity fell by 94% in 6 years.
FLXION
Lifetime
7 annual accounts with figures on one time axispeak €22,669 (2021)
€0▲ €2,399
lowest -€159,330 (2020)
-€8,389▲ €2,602
peak €201,201 (2019)
€12,276▼ 40.6%
€8,964▲ 3.7%
Board3 names since 2020
-
Owners2 names in the annual accounts
Documentsfilings and deeds
04-11-202696 days late
2025abbreviated format
Gross margin from -€2,399 to €0Loss of €8,389Equity from €20,665 to €12,276Cash from €229 to €0
Key points
from the 2025 annual accountsLosses
-€387,724 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2020 was the heaviest.
Filings
7 annual accounts 96 days
Latest accounts filed late: after the legal deadline.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 21% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,923 companies (NACE 62, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▼ -0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.8%▲ +0.2 percentage points vs 08-2026
10-2026: 1.3%▲ +0.5 percentage points vs 09-2026
11-2026: 1.4%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 96 days late; 1 of the last 3 accounts late
Liquidity: current ratio 0.14, cash €0, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €21,240
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 62, micro). It does better than 50% of them on solvency, 11% on liquidity, 5% on profitability and 17% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 3,591 companies had the same profile as FLXION has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLXION itself: 1.4% 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 3,591 companies, not a prediction for FLXION. 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 €500 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is insufficient, with a current ratio of 0.14 (0.17 in 2024), below 1. Short-term debt is 42.2% and cash 0% of total assets. 42.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€8,389
raises risk · 2025 accounts filed 96 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-11-2026, 96 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filingsDeviation from the deadline
2025
96 days late
2024
30 days late
2023
on the day
2022
on the day
2021
19 days early
2020
45 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known boardBB
BV BEMANO
Director, until 2021
EC
Esofin CV
Director, until 2021
VE
VOF EDEL-ADVIES
Director, until 2021
Recent changes
2 directors resigning
VOF EDEL-ADVIES and BV BEMANO (managing director) · Permanent representative: Jan Lagast · Director discharge: VOF EDEL-ADVIES · General meeting of 17-05-2022 · Gazette deed
New managing director
Bemano BV appointed, Esofin CV resigned · Permanent representatives: Eric Bosman and Ove De Backer · General meeting of 15-12-2020 · Gazette deed
Incorporation
published on 21-12-2018 · Gazette deed
First establishment
Ninovesteenweg 198/29, Aalst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLXION Aalst | €21,240 | €0 | 57.8% | - |
| Synrise Labs Ghent | €22,883 | -€18,162 | 21.9% | - |
| NIDY La Roche-en-Ardenne | €20,012 | -€5,361 | -28.5% | - |
| Amvise Uccle | €19,795 | -€11,873 | -30.1% | - |
| KOEKETIENE DESIGN Oostkamp | €20,763 | -€1,447 | 94.3% | - |
| MANITY Beauvechain | €20,959 | -€11,825 | 16.9% | - |
| Toque & Web Durbuy | €18,585 | -€4,796 | 73.3% | - |
These companies have the same main activity as FLXION: computer programming (NACE 62100). They are comparable in size and age: total assets between €18,600 and €22,900, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 19-12-2018Normal situation
- Registered office
- 53 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Computer programmingNACE 62100and 2 others
- Establishment unit
- 2.283.005.0649320 Aalst, since 19-12-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on FLXION
FLXION files the abbreviated format. That format states no turnover. The gross margin rose from -€24,884 in 2019 to €0 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLXION
- What is the company number of FLXION?
- The company number of FLXION is 0716.629.367. The VAT number is the same number with BE in front: BE 0716.629.367.
- Where is FLXION based?
- The registered office is at Ninovesteenweg 198, 9320 Aalst.Company details
- What does FLXION do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of FLXION?
- FLXION is a public limited company (NV).
- When was FLXION founded?
- FLXION was founded on 19-12-2018.
- Is FLXION still active?
- Yes, FLXION is an active enterprise in the KBO register.
- What is the turnover of FLXION?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is FLXION profitable?
- In financial year 2025, FLXION made a loss of €8,389.
- Where can I find the annual accounts of FLXION?
- FLXION filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLXION due?
- FLXION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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