IT-FLEX

Absorbed by CHEOPS TECHNOLOGY KBO/BCE: BE 0865.809.627

IT-FLEX

Follow Report

Overview

Lifetime

10 annual accounts with figures on one time axis, 11 filings since 2005

peak €1.8m (2016)

€1.8m9 months

lowest -€39,555 (2010)

€177,1209 months

peak €520,250 (2016)

€520,250▲ 51.6%

€659,288▲ 12.0%

peak 31.4 FTE (2016)

31.4 FTE▲ 25.1%

Board4 names since 2016

Documentsfilings and deeds

22-02-201722 days late

2016abbreviated format

Financial year from 01-10-2015 to 30-06-2016, 9 monthsStaff from 25.1 FTE to 31.4 FTEMerger proposal: to be absorbed by CHEOPS TECHNOLOGY 09-11Equity from €343,130 to €520,250Cash from €342,119 to €518,856

Key points

from the 2016 annual accounts, the last ones filed

Result

€177,120 ▲ 133%

The result rose in 2016: 9-month financial year.

Filings

11 annual accounts since 2005

The 2016 accounts came 22 days late. The other nine of the last ten were filed on time.

Board and ownership

last known board

Director, until 2016

Board & ownership

Recent changes

20-01-2017

Merger: absorbed by CHEOPS TECHNÓLOGY Resignations: , , and · Permanent representatives: and · CHEOPS TECHNÓLOGY holds all the shares · General meeting of 28-12-2016 · Gazette deed

09-11-2016

Merger proposal: to be absorbed by CHEOPS TECHNOLOGY CHEOPS TECHNOLOGY holds all the shares · Gazette deed

24-06-2004

Incorporation 14 publications in the Belgian Official Gazette, the last on 20-01-2017 · Gazette deed

All 21 events

Official details

Source: KBO

Status: Absorbed by CHEOPS TECHNOLOGYmerger by absorption, December 2016
Activity: “Studie-, organisatie-, en adviesbureau inzake automatisering op alle niveaus, systeemanalyse en ontwerp, implementatie en…” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
Financial year end: 30 June
Peppol: Not found in the Peppol Directory

Company details

Annual accounts to 30-06-2016

: €1.8m▲ 2.7%
: ≈ €3.1mestimated
: €177,120▲ 133%
: €520,250▲ 51.6%
: €1.2m▲ 26.6%
: 31.4 FTE▲ 25.1%
Filing: Filed on 22-02-2017

Financials

Insights on IT-FLEX

Absorbed by CHEOPS TECHNOLOGY in December 2016. The last annual accounts are for financial year 2016.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2016

financial year from 01-10-2015 to 30-06-2016, 9 months, abbreviated format, filed on 22-02-2017, 22 days late

€1.8m

9 months

€327,890

9 months

€177,120

9 months

€496,966

▲ 58.5%

44.1%

▲ 7.3 percentage points

1.76

▲ 0.22

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €3.1m. Estimated: probably between €2.1m and €5.0m.

Balance sheet

balance sheet total €1.2m on 30-06-2016

What the company ownsHow it is paid for

in euro

Staff

€45,645

Staff costs divided by the average number of full-time equivalents.

+4 people

people who joined people who left

In 2016, 8 people joined and 4 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	20169 months	2015	2014	2013	2012	2011	2010	2009	2008	200721 months
Balance sheet: assets
`20/58`	1.2m	931,662	841,440	986,141	714,298	765,165	524,401	878,032	568,749	111,100
`21/28`	26,783	33,047	34,852	36,706	47,804	63,839	74,140	17,556	9,497	315
`21`	2,277	2,862	1,032	-	-	-	-	-	-	-
`22/27`	24,506	30,185	33,820	36,706	47,804	63,839	68,230	12,096	4,397	315
`23`	10,783	7,105	-	-	-	168	391	-	-	-
`24`	3,442	9,554	15,239	14,587	10,725	13,346	7,974	9,409	4,397	315
`26`	10,281	13,525	18,581	22,119	37,079	50,326	59,864	2,686	-	-
`28`	-	-	-	-	-	-	5,910	5,460	5,100	-
`29/58`	1.2m	898,615	806,588	949,435	666,494	701,326	450,261	860,477	559,252	110,785
`40/41`	633,586	556,497	590,521	551,195	521,707	605,617	415,989	582,714	367,538	74,005
`40`	600,730	527,197	559,300	517,517	499,631	581,130	397,422	552,052	358,824	68,107
`41`	32,856	29,299	31,221	33,678	22,076	24,487	18,568	30,662	8,714	5,898
`54/58`	518,856	342,119	213,486	398,240	143,943	93,209	34,272	237,154	189,214	36,780
`490/1`	312	-	2,580	-	844	2,500	-	40,609	2,500	-
Balance sheet: equity and liabilities
`10/49`	1.2m	931,662	841,440	986,141	714,298	765,165	524,401	878,032	568,749	111,100
`10/15`	520,250	343,130	267,123	207,708	169,740	136,245	26,236	65,790	78,432	58,480
`10/11`	162,000	162,000	162,000	162,000	162,000	162,000	62,000	62,000	62,000	25,000
`100`	162,000	162,000	162,000	162,000	162,000	162,000	62,000	62,000	62,000	25,000
`13`	16,245	11,850	8,000	5,000	2,898	898	898	898	898	2,100
`130`	16,200	11,850	8,000	5,000	2,898	898	898	898	898	2,100
`132`	45	-	-	-	-	-	-	-	-	-
`14`	342,005	169,280	97,123	40,708	4,842	-26,653	-36,662	2,893	15,534	31,380
`17/49`	659,288	588,532	574,317	778,433	544,558	628,920	498,165	812,242	490,317	52,620
`17`	-	-	-	-	20,000	53,230	94,882	135,310	-	-
`170/4`	-	-	-	-	20,000	53,230	94,882	135,310	-	-
`42/48`	655,788	585,032	570,817	774,933	520,206	572,191	399,783	673,432	486,817	52,620
`42`	-	-	-	20,000	78,003	79,147	75,932	63,894	96,111	-
`43`	123,900	53,460	49,569	85,960	-	-	-	6,915	-	-
`430/8`	123,900	53,460	49,569	85,960	-	-	-	6,915	-	-
`44`	224,717	284,270	293,418	457,360	216,187	323,013	195,712	412,941	294,235	19,151
`440/4`	224,717	284,270	293,418	457,360	216,187	323,013	195,712	412,941	294,235	19,151
`45`	306,317	246,729	227,546	211,328	213,758	157,935	111,409	148,700	96,214	33,212
`450/3`	137,017	45,008	53,160	62,363	78,149	38,899	13,858	10,973	38,472	8,139
`454/9`	169,300	201,721	174,387	148,965	135,610	119,036	97,551	137,727	57,741	25,073
`47/48`	854	573	284	284	12,258	12,096	16,730	40,983	257	257
`492/3`	3,500	3,500	3,500	3,500	4,352	3,500	3,500	3,500	3,500	-
Income statement
`9900`	1.8m	1.7m	1.6m	1.4m	1.2m	846,688	722,347	810,806	384,906	169,110
`62`	1.4m	1.5m	1.4m	1.2m	1.0m	785,258	710,570	752,353	333,482	131,746
`630`	13,391	27,053	27,281	27,072	23,512	22,831	14,600	4,813	1,925	170
`631/4`	-	-	-	22,191	-	-	-	-	-	-
`640/8`	1,071	1,992	1,348	1,421	1,402	1,072	3,629	348	603	1,759
`9901`	327,890	174,555	147,643	114,709	133,447	37,528	-6,452	53,293	48,897	35,435
`75/76B`	438	1,733	1,378	1,245	302	1,819	869	2,001	335	30
`75`	438	1,733	1,378	1,245	302	1,819	869	2,001	335	30
`65/66B`	26,220	34,452	30,856	27,871	31,261	27,877	28,608	28,035	11,625	1,295
`65`	26,220	34,452	30,856	27,871	31,261	27,877	28,608	28,035	11,625	1,295
`9903`	302,108	141,836	118,164	88,083	102,488	11,470	-34,191	27,258	37,607	34,170
`67/77`	124,989	65,829	58,750	50,114	68,994	1,461	5,364	-	21,255	10,153
`9904`	177,120	76,007	59,415	37,969	33,495	10,009	-39,555	27,258	16,352	24,017
`689`	45	-	-	-	-	-	-	-	-	-
`9905`	177,075	76,007	59,415	37,969	33,495	10,009	-39,555	27,258	16,352	24,017
Appropriation of the result
`9906`	346,355	173,130	100,123	42,810	6,842	-26,653	-36,662	42,793	47,732	33,007
`691/2`	4,350	3,850	3,000	2,102	2,000	-	-	-	32,198	1,627
`691`	-	-	-	-	-	-	-	-	31,300	-
`6920`	4,350	3,850	3,000	2,102	2,000	-	-	-	898	1,627
`694/7`	-	-	-	-	-	-	-	39,900	-	-
`695`	-	-	-	-	-	-	-	39,900	-	-
Social balance sheet
`9087`	31.4	25.1	23.2	21	19.3	15.3	12.6	13.7	6.4	3.2
Hours worked`1013`	40,412	43,544	39,308	36,283	32,824	25,392	20,524	23,200	11,100	5,527
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.

Source: Annual accounts 2016 (PDF), filed on 22-02-2017.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2016 annual accounts filed 22 days after the deadline. Filed on 22 February 2017, deadline 31 January 2017 (7 months after the close on 30 June 2016, Companies Code art. 3:10). Source: NBB, 2017-04700568.

Financial year	Type	Filed	Reference	Document
30-06-2016	abbreviated format	22-02-2017	2017-04700568	PDF
30-09-2015	abbreviated format	30-03-2016	2016-07600252	PDF
30-09-2014	abbreviated format	27-03-2015	2015-07300376	PDF
30-09-2013	abbreviated format	14-03-2014	2014-06300261	PDF
30-09-2012	abbreviated format	14-03-2013	2013-06300026	PDF
30-09-2011	abbreviated format	09-03-2012	2012-05800250	PDF
30-09-2010	abbreviated format	23-03-2011	2011-06300561	PDF
30-09-2009	abbreviated format	05-03-2010	2010-06000568	PDF
30-09-2008	abbreviated format	05-03-2009	2009-06700252	PDF
30-09-2007	abbreviated format	28-03-2008	2008-08400200	PDF
31-12-2005	abbreviated format	25-08-2006	2006-66304330	PDF

Key figures and ratios

per financial year, computed from the annual accounts

20169 months	2015	2014	2013	2012	2011	2010	2009	2008	200721 months
341,281	201,607	174,924	141,781	156,959	60,359	8,148	58,106	50,822	35,605
190,511	103,060	86,696	65,041	57,006	32,840	-24,955	32,071	18,277	24,187
7,127	25,248	25,427	15,974	7,476	18,440	71,184	12,871	11,106	485
176,737	128,632	-184,754	254,297	50,735	58,937	-202,883	47,940	152,434	-
496,966	313,583	235,771	174,502	146,287	129,135	50,478	187,044	72,435	58,165
44.1%	36.8%	31.7%	21.1%	23.8%	17.8%	5.0%	7.5%	13.8%	52.6%
1.76	1.54	1.41	1.23	1.28	1.23	1.13	1.28	1.15	2.11
1.27	1.72	2.15	3.75	3.21	4.62	18.99	12.35	6.25	0.90
34.0%	22.2%	22.2%	18.3%	19.7%	7.3%	-150.8%	41.4%	20.8%	41.1%
15.0%	8.2%	7.1%	3.9%	4.7%	1.3%	-7.5%	3.1%	2.9%	21.6%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on IT-FLEX

The operating result for 2016 is 88% higher than in 2015 and the highest since 2007. It is the third rise in a row, after the fall in 2013.

Debt's share of the balance-sheet total falls from 63.2% to 55.9%. Equity and debt are higher.

Large changes and their cause

2016 Net result +133% on 2015. This financial year ran 9 months, the previous one 12.

Board & ownership

Mandates through the years

4 names

Director

Earliermandate already running before its first mention

Mandates as a list

- Director, until 31-12-2016
- Director, until 31-12-2016
- Director, until 31-12-2016
- Director, until 31-12-2016

See the board, name and registered office on a given date →

Control

Shareholder

CHEOPS TECHNÓLOGY

This company

IT-FLEX

Equity €520,250

Profit €177,120 in 2016

Capital

Capital: €162,000
Shares: 100
Contribution per share: €1,620
Equity per share: €5,202 in 2016
Source: deed of 09-11-2016

Shareholders

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Former owners (1)

Sourcedeed 20-01-2017deed 09-11-2016deed 09-11-2016

100%

Capital transactions

Shareholders according to the deeds

Stated in the deed deed of 20-01-2017 ↗

all shares

Stated in the deed deed of 09-11-2016 ↗

all shares · 100%

Capital over time

09-11-2016 Capital stated in the deed · €162,000 · 100 shares

Office holders in the KBO →

Network & group

No group

IT-FLEX has no parent and no holdings in its annual accounts.

Acquisitions and mergers

1 transaction

Taken over by:CHEOPS TECHNOLOGY

BE 0438.846.311operation treated as a merger by absorption · Gazette deed of 20-01-2017 (2 deeds) · effective 31-12-2016 · according to the KBO register since 28-12-2016

Connections & network

See the function holders in the KBO register.

Timeline

21 events since 2004

Board

Capital

Filings

Financial

200420062008201020122014201620182020202220242026

2017

22-02-2017

Annual accounts 2016 filed PDFabbreviated format · 22 days late

20-01-2017

Merger: absorbed by CHEOPS TECHNÓLOGYResignations: , , and · Permanent representatives: and · CHEOPS TECHNÓLOGY holds all the shares · General meeting of 28-12-20169 points ▸

General meeting, 28-12-2016
Accounting effect, 01-07-2016
CHEOPS TECHNÓLOGY holds all the shares
Director resignation,
Director resignation,
Director resignation,
Director resignation,
Permanent representative,
Permanent representative,
The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2016

09-11-2016

Merger proposal: to be absorbed by CHEOPS TECHNOLOGYCHEOPS TECHNOLOGY holds all the shares12 points ▸

Accounting effect, 01-10-2016, mentioned twice in the deed
Incorporation, 06-11-1989
Capital, €1,000,000, 67 shares
Board composition, (director)
Board composition, (director)
Board composition, (director), mentioned twice in the deed
Incorporation, 02-06-2004
Capital, €162,000, 100 shares
CHEOPS TECHNOLOGY holds all the shares
Board composition, (director)
Board composition, (director)
Board composition, (director)
The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

30-06-2016

Highest result from 2007 to 2016 net €177,120 ▲133% The operating result of €327,890 and the net result of €177,120 are both a record.

30-06-2016

Equity above €500,000 equity €520,250 ▲51.6% After 6 profitable years in a row, equity reaches €520,250.

30-03-2016

Annual accounts 2015 filed PDFabbreviated format · 31 days before the deadline

2015

27-03-2015

Annual accounts 2014 filed PDFabbreviated format · 34 days before the deadline

2014

14-03-2014

Annual accounts 2013 filed PDFabbreviated format · 47 days before the deadline

2013

30-09-2013

Equity above €200,000 equity €207,708 ▲22.4% After 3 profitable years in a row, equity reaches €207,708.

14-03-2013

Annual accounts 2012 filed PDFabbreviated format · 47 days before the deadline

2012

30-09-2012

Equity above €150,000 equity €169,740 ▲24.6% After 2 profitable years in a row, equity reaches €169,740.

09-03-2012

Annual accounts 2011 filed PDFabbreviated format · 52 days before the deadline

2011

30-09-2011

Back to profit net €10,009 The net result is €10,009, after one loss-making year.

30-09-2011

Equity above €100,000 equity €136,245 ▲419% Equity rises from €26,236 to €136,245.

23-03-2011

Annual accounts 2010 filed PDFabbreviated format · 38 days before the deadline

2010

30-09-2010

Weakest financial year net -€39,555 The net result drops to -€39,555, the lowest from 2007 to 2016.

05-03-2010

Annual accounts 2009 filed PDFabbreviated format · 56 days before the deadline

2009

05-03-2009

Annual accounts 2008 filed PDFabbreviated format · 56 days before the deadline

2008

28-03-2008

Annual accounts 2007 filed PDFabbreviated format · 33 days before the deadline

2006

25-08-2006

Annual accounts 2005 filed PDFabbreviated format

2004

24-06-2004

Incorporation PDF14 publications in the Belgian Official Gazette, the last on 20-01-2017

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

IT-FLEX has filed 11 sets of annual accounts, the latest for financial year 2016.¹ In 2016 the company was absorbed by merger into CHEOPS TECHNOLOGY.²

Company details

Purpose according to the articles of association

Purpose: “Studie-, organisatie-, en adviesbureau inzake automatisering op alle niveaus, systeemanalyse en ontwerp, implementatie en onderhoud van…”
8 activities
Studie-, organisatie-, en adviesbureau inzake automatisering op alle niveaus, systeemanalyse en ontwerp, implementatie en onderhoud van softwaretoepassingen, informatieverwerking en dienstbureau voor derden;
Verhuur van gespeclaliseerd hardware en software personeel, opleidingen, vertalingen en publicaties, managementadvies inzake aanwerving en herplaatsing, begeleiding en opleiding van gespecialiseerd technisch en commercieel personeel in het domein van automatisering en communicatie;
Aan- en verkoop, import en export, verhuur, leasing en installatie van computer hardware en software en alle randapparaturen, toebehoren daarmee gepaard gaande ontwerp en inrichting van gespecialiseerd meubilair; assemblage van computerapparatuur onder eigen merknaam en de commercialisatie ervan;
Alle industriële, handels-, en financiële roerende en onroerende verrichtingen die zich rechtstreeks of onrechtstreeks bij dit doel aansluiten of er bij de uitbreiding van kunnen bevorderen;
Adviesverlening, audit, expertise, consultancy, administratie, tekstverwerking, beheer, studie, organisatie, informatie en management van bedrijven, ondernemingen, verenigingen, zelfstandigen, vrije beroepen, particulieren, en vennootschappen, zowel inzake juridische, financiële, operationele en sociale aangelegenheden als inzake algemene strategie met uitsluiting van vermogensbeheer;
Functies van oprichter, bestuurder en vereffenaar van andere ondernemingen, verenigingen en vennootschappen uitoefenen en het verrichten van alle werkzaamheden die verband houden met vereffeningen, gerechtelijke akkoorden, fusies, splitsingen, inbrengen van bedrijfstakken en herstructureringen van ondernemingen en vennootschappen;
Zowel voor elgen rekening, als voor rekening van derden, verwerving, vervreemding, verkoop, exploitatie, verhuur, in huur nemen, leasing, beheer, onderhoud, verdeling, verkaveling, bouwen, verbouwen, beplanten, bebossen, en valoriseren van alle onroerende goederen en rechten, met uitzondering van de gereglementeerde activiteiten van vastgoedmakelaar;
Voor eigen rekening, de verwerving, valorisatie, vervreemding en verhuring van alle roerende goederen, rechten en waarden.
Registered office clause: “Prins Boudewijnlaan 20, 2550 Kontich”

Articles of association, deed of 09-11-2016 (in Dutch)

Inactive

Absorbed by CHEOPS TECHNOLOGY in December 2016

IT-FLEX is no longer in the KBO register. CHEOPS TECHNOLOGY took it over in a merger by absorption, published in the Belgian Official Gazette on 20 January 2017.

Status: Inactive
Reason: Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 20 January 2017 · deed
Absorbed by: CHEOPS TECHNOLOGY · 0438.846.311
Last annual accounts: financial year to 30 June 2016
Last registered office: Prins Boudewijnlaan 20, 2550 Kontichas published on 20 January 2017
Legal form: Public limited company
First annual accounts: financial year 2005

Official KBO record

Overview

Lifetime

Key points

Result

Filings

Board and ownership

Recent changes

Official details

Annual accounts to 30-06-2016

Insights on IT-FLEX

Financials

Annual accounts 2016

Balance sheet

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE€45,645

Joined and left+4 people

Filed annual accounts

Filings

Key figures and ratios

Insights on IT-FLEX

Board & ownership

Mandates through the years

Control

Capital

Shareholders

Owners 0

Capital transactions

Network & group

No group

Acquisitions and mergers

Connections & network

Timeline

Timeline

History

Company details

Purpose according to the articles of association

Absorbed by CHEOPS TECHNOLOGY in December 2016

in euro

in euro

€45,645

+4 people