Skip to content
Checked.be
Complete company report
Generated 29-06-2026
Active BE 0683.669.262Private limited company (pre-2019)Open bankruptcy

M-Flex Company

· 8 yrs active
Sector: NACE 95290 (95290)
Conclusion Checked

A bankruptcy procedure is open for M-Flex Company according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €5k and a net result of €-12k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €5k
Net result €-12k
Better than sector 38%
Active 8 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability0Solvency41Growth52Stability0
19 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 0
Solvency 41
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High risk
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2023 · computed
0 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 11-02-2025 with the NBB · fiscal year 2023 · micro
€-15k€-10k€-5k€0Operating result 2018: €-6k€-6kNet result 2018: €-6k€-6kOperating result 2022: €-3k€-3kNet result 2022: €-3k€-3kOperating result 2023: €-12k€-12kNet result 2023: €-12k€-12k201820222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 95 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 11.2% 20.6%
better than 38% of 183 sector peers
Net result €-12k €4k
better than 16% of 183 sector peers
Equity €5k €10k
better than 41% of 184 sector peers
Gross operating margin €-12k €19k
better than 6% of 182 sector peers
Total assets €44k €55k
better than 43% of 183 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-12k
-328.2% 18–23
Total assets
€44k
+27.1% 18–23
Equity
€5k
-71.6% 18–23
Working capital
€23k
+30.1% 18–23
Debt
€39k
+125.9% 18–23
Debt ≤ 1y
€22k
+24.1% 18–23
Current ratio
2.05
+2.4% 18–23
Quick ratio
2.05
+2.4% 18–23
Solvency
11.2%
-77.7% 18–23
Debt / equity
7.95
+695.8% 18–23
ROE
-252.2%
-1408.3% 18–23
ROA
-28.2%
-236.9% 18–23
Figures by fiscal year
Fiscal year2023
Revenue—
EBITDA—
Net profit€-12k
Cash flow—
Staff costs—
Income taxes—
Dividends—
Total assets€44k
Equity€5k
Debt€39k
of which ≤ 1y€22k
of which > 1y—
Working capital€23k
Employees (FTE)—
Ratios (computed)
2023
Current ratio2.05
Quick ratio2.05
Working capital ratio51.2%
Solvency11.2%
Debt / equity7.95
Long-term debt ratio—
Interest coverage—
Gross margin—
Net margin—
ROA-28.2%
ROE-252.2%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet — Assets
TOTAL ASSETS 20/58€44k
Current assets 29/58€44k
Amounts receivable within one year 40/41€31k
Cash & bank 54/58€13k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€44k
Equity 10/15€5k
Contributions / capital 10/11€19k
Accumulated profits (losses) 14€-14k
Amounts payable 17/49€39k
Amounts payable within one year 42/48€22k
Trade debts payable within one year 44€14k
Income statement
Gross operating margin 9900€-12k
Operating result 9901€-12k
Financial charges 65€0
Result before taxes 9903€-12k
Net result for the period 9904€-12k
Result to be appropriated 9905€-12k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator CATHéRINE LANNOY
MECHELSESTEENWEG 271/8.1, 2018 ANTWERPEN 1
 03-06-2025 → present Belgian State Gazette
Legal Structure
NACE primary 95290
Legal form Private limited company (pre-2019)(015)
Incorporation24-10-2017
StatusActive
Postal code—
First BS signal 10-06-2025
Latest BS signal 10-06-2025
Company structure — linked entities1 linked entities
M-Flex CompanyBE 0683.669.262CATHéRINE LANNOYReceiver ↔ 81WESTCARBA FOODSG&T Food Distribu…
Mandates
↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units 1 location
HAYAI sushi
Vervaardiging van kleding van leer
since 20172.301.547.902
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H0829/00G000 Flanders 72 m² 1 · 39 m² 21.2 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
25-07-2025
KBO administration Address strikeout main
25-07-2025
KBO administration Address strikeout main
10-06-2025
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · M-FLEX COMPANY BVBA KERKSTRAAT 13, 2060 ANTWERPEN 6 · event 03-06-2025
11-02-2025
NBB filing Annual accounts filed
fiscal year 2023 · micro
2024
08-08-2024
State Gazette act Director changes
21-05-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
10-05-2024
NBB filing Annual accounts filed
fiscal year 2021 · micro
17-04-2024
State Gazette act Director changes
2021
29-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
02-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
24-02-2020
NBB filing Annual accounts filed
fiscal year 2018 · micro
Lifecycle & Insolvency Signals 2 events
25-07-2025
KBO administration Address strikeout main
 · Publications in State Gazette ↗
10-06-2025
Bankruptcy Opening
Date: 03-06-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · M-FLEX COMPANY BVBA KERKSTRAAT 13, 2060 ANTWERPEN 6 · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-06-10 · Bankruptcy · Opening2025-07-25 · KBO administration · Address strikeout main
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad — acts 2 acts
All acts · 2 updated 1 year ago
2024
08-08-2024 Serkan Demirel appointed as director Director changes
  • Serkan Demirel — Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Serkan Demirel",
        "address": "2191 VT Den Haag Hongarenburg 481",
        "birth_date": null,
        "profession": null,
        "birth_place": "Den Haag, NL"
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": "2024-06-05",
      "evidence_quote": "De algemene vergadering beslist tot de benoeming van Serkan Demirel, met woonplaats te 2191 VT Den Haag Hongarenburg 481, als niet-statutaire bestuurder, en dit met ingang op 05/06/2024.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering verleent voor onbepaalde tijd volmacht aan iedere ontslagen bestuurder om, ook na zijn ontslag, namens de rechtspersoon de acties te stellen die nodig zijn voor de publicatie in het Belgisch Staatsblad en de Kruispuntbank van Ondernemingen van alle ontslagen waartoe in deze v",
      "decharge_status": "granted",
      "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": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-08-08",
    "filing_date": "2024-07-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-06-05",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0683.669.262",
    "name_full": "M-Flex Company",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Souflane Hamdach",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
17-04-2024 1 director appointed, 1 resigning Director changes
  • Soufiane Hamdach — Bestuurder
  • Mina Doumou — Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Mina Doumou",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": "regular",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": "2024-01-23",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van Mina Doumou als niet-statutaire bestuurder, en dit met ingang op 23/01/2024. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Soufiane Hamdach",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": "2024-01-23",
      "evidence_quote": "De algemene vergadering beslist tot de benoeming van Soufiane Hamdach als niet-statutaire bestuurder, en dit met ingang op 23/01/2024. Dit mandaat geldt voor onbepaalde duur. Het mandaat is onbezoldigd, tenzij de algemene vergadering daar met een gewone meerderheid anders over zou beslissen.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-04-17",
    "filing_date": "2024-04-03",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-01-07",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0683.669.262",
    "name_full": "M-Flex Company",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Soufiane Hamdach",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms — you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Reparatie van andere consumentenartikelen95290Reparatie en onderhoud van consumentenartikelen, neg95290Detailhandel in damesbovenkleding in gespecialiseerde winkels47711Detailhandel in damesbovenkleding47711
Primary activity highlighted.
Names & trade names
Legal nameNL M-Flex Company
Registration history
  1. 25-07-2025 Address strikeout main
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
LVB Poorten BE 0630.741.411 · Arendonk
't Peloton Custom Bikeshop BE 0647.892.692 · Sint-Niklaas
4IT Consulting BE 0448.896.697 · Bornem
A LA FORGE BE 0434.520.804 · Liège
Abdelaali El Ouadrassi, Mouad BE 0665.690.808
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative