Public limited company · founded 2010 · 16 yrs activeFrankrijklei 101, 2000 Antwerpen, BelgiumKBO/BCE: BE 0822.205.949
Summary
THE CREW FLEX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €260,809 and a net result of €98,059. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.6% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability65▲+11
Solvency54▲+13
Growth56▲+4
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.6%Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.19 in 2023; short-term debt: 68.1% of total assets), and 70.7% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
THE CREW FLEX was incorporated on 13 January 2010.1Revenue fell from EUR 5.2 million in 2018 to EUR 3.5 million in 2024 and headcount from 118 to 60 full-time equivalents.2
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
Net result-€48,302below the sector's middle half€218,611within the sector's middle half€153,425within the sector's middle half▼ 29.8%€69,147within the sector's middle half▼ 54.9%€98,059within the sector's middle half▲ 41.8%
Equity€3,566below the sector's middle half▼ 93.1%€222,178within the sector's middle half▲ 6,130%€375,603within the sector's middle half▲ 69.1%€162,750within the sector's middle half▼ 56.7%€260,809within the sector's middle half▲ 60.3%
Total assets€854,770within the sector's middle half▼ 29.9%€1.3mwithin the sector's middle half▲ 56.4%€1.1mwithin the sector's middle half▼ 14.2%€1.0mwithin the sector's middle half▼ 10.0%€890,203within the sector's middle half▼ 13.7%
Working capital€5,652below the sector's middle half▼ 89.1%€224,429within the sector's middle half▲ 3,870%€378,139within the sector's middle half▲ 68.5%€168,286within the sector's middle half▼ 55.5%€283,887within the sector's middle half▲ 68.7%
Solvency0.4%below the sector's middle half▼ 3.8pp16.6%within the sector's middle half▲ 16.2pp32.8%within the sector's middle half▲ 16.1pp15.8%within the sector's middle half▼ 17.0pp29.3%within the sector's middle half▲ 13.5pp
Current ratio1.01below the sector's middle half▼ 0.041.20within the sector's middle half▲ 0.201.49within the sector's middle half▲ 0.291.19within the sector's middle half▼ 0.301.47within the sector's middle half▲ 0.27
Return on assets (ROA)-5.7%below the sector's middle half▼ 11.7pp16.4%above the sector's middle half▲ 22.0pp13.4%above the sector's middle half▼ 3.0pp6.7%within the sector's middle half▼ 6.7pp11.0%above the sector's middle half▲ 4.3pp
Staff (FTE)78within the sector's middle half▼ 12.1%30.5within the sector's middle half▼ 60.9%28within the sector's middle half▼ 8.2%56.3within the sector's middle half▲ 101%60within the sector's middle half▲ 6.6%
abovewithinbelowthe middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 54% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €890,203
29.3%
70.7%
Equity€260,809 ▲ 60.3%
Debt€629,394 ▼ 27.6%
Debt's share of the balance-sheet total falls from 84.2% to 70.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Debt to equity
2.41▼
2023 · 5.34
ROE
37.6%▼
2023 · 42.5%
Debt ≤ 1 year
€606,316▼
2023 · €863,582
Income taxes
€144,433▲
2023 · €105,576
Staff costs
€2.8m▲
2023 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 172 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 97% are still going.
Medium-sized
10 to 20 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more
0%went bankrupt
3.5%stopped otherwise
97%still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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%
1.0%
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%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 172 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 50 lines
Balance sheetCode20232024
Assets
Total assets20/58€1.0m€890,203▼
Current assets29/58€1.0m€890,203▼
Amounts receivable within one year40/41€975,397€824,904▼
Trade receivables40€226,189€489,115▲
Other amounts receivable41€749,208€335,789▼
Deferred charges and accrued income490/1€56,471€65,299▲
Equity and liabilities
Total equity and liabilities10/49€1.0m€890,203▼
Equity10/15€162,750€260,809▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Profit (loss) carried forward14€95,100€193,159▲
Amounts payable17/49€869,118€629,394▼
Amounts payable within one year42/48€863,582€606,316▼
Trade debts44€62,119€43,652▼
Suppliers440/4€62,119€43,652▼
Taxes, remuneration and social security45€519,463€562,665▲
Taxes450/3€20,709€34,447▲
Remuneration and social security454/9€498,755€528,217▲
Other amounts payable47/48€282,000-
Accrued charges and deferred income492/3€5,536€23,078▲
Income statementCode20232024
Operating income70/76A€3.2m€3.5m▲
Turnover70€3.1m€3.5m▲
Other operating income74€7,042€18,629▲
Operating charges60/66A€3.0m€3.2m▲
Services and other goods61€387,294€421,054▲
Remuneration, social security and pensions62€2.5m€2.8m▲
Other operating charges640/8€40,848€46,864▲
Operating profit (loss)9901€182,496€281,385▲
Financial income75/76B€18,073€14,142▼
Recurring financial income75€18,073€14,142▼
Income from current assets751€18,073€14,080▼
Other financial income752/9-€62
Financial charges65/66B€25,846€53,035▲
Recurring financial charges65€25,846€53,035▲
Debt charges650€25,180€52,508▲
Other financial charges652/9€666€528▼
Profit (loss) for the period before taxes9903€174,723€242,492▲
Income taxes67/77€105,576€144,433▲
Taxes670/3€105,576€144,433▲
Profit (loss) for the period9904€69,147€98,059▲
Profit (loss) for the period to be appropriated9905€69,147€98,059▲
Appropriation of the result
Profit (loss) to be appropriated9906€377,100€193,159▼
Profit (loss) brought forward from the previous period14P€307,953€95,100▼
Profit to be distributed694/7€282,000-
Return on contributions (dividend)694€282,000-
Social balance
Average headcount (FTE)908756.360.0▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2020
2021
2022
2023
2024
Change
Operating income70/76A
-
€4.7m
€4.2m
€3.2m
€3.5m
▲ 11.2%
Turnover70
€3.5m
€4.7m
€4.1m
€3.1m
€3.5m
▲ 10.9%
Other operating income74
-
€50,351
€57,763
€7,042
€18,629
▲ 165%
Operating charges60/66A
-
€4.3m
€3.8m
€3.0m
€3.2m
▲ 8.6%
Services and other goods61
-
€453,425
€460,133
€387,294
€421,054
▲ 8.7%
Remuneration, social security and pensions62
-
€3.8m
€3.3m
€2.5m
€2.8m
▲ 8.5%
Other operating charges640/8
-
€50,417
€54,567
€40,848
€46,864
▲ 14.7%
Operating profit (loss)9901
€59,185
€416,573
€332,957
€182,496
€281,385
▲ 54.2%
Financial income75/76B
-
€1,912
€589
€18,073
€14,142
▼ 21.8%
Recurring financial income75
-
€1,912
€589
€18,073
€14,142
▼ 21.8%
Income from current assets751
-
-
€589
€18,073
€14,080
▼ 22.1%
Other financial income752/9
-
€1,912
-
-
€62
-
Financial charges65/66B
-
€28,147
€26,052
€25,846
€53,035
▲ 105%
Recurring financial charges65
€26,777
€28,147
€26,052
€25,846
€53,035
▲ 105%
Debt charges650
€26,334
€27,767
€25,566
€25,180
€52,508
▲ 109%
Other financial charges652/9
-
€380
€487
€666
€528
▼ 20.8%
Profit (loss) for the period before taxes9903
€32,408
€390,338
€307,493
€174,723
€242,492
▲ 38.8%
Income taxes67/77
€80,711
€171,727
€154,068
€105,576
€144,433
▲ 36.8%
Taxes670/3
-
€171,727
€154,068
€105,576
€144,433
▲ 36.8%
Profit (loss) for the period9904
-€48,302
€218,611
€153,425
€69,147
€98,059
▲ 41.8%
Profit (loss) for the period to be appropriated9905
-€48,302
€218,611
€153,425
€69,147
€98,059
▲ 41.8%
Line
2020
2021
2022
2023
2024
Change
Assets
Total assets20/58
€854,770
€1.3m
€1.1m
€1.0m
€890,203
▼ 13.7%
Current assets29/58
€854,770
€1.3m
€1.1m
€1.0m
€890,203
▼ 13.7%
Amounts receivable within one year40/41
€754,804
€1.2m
€1.0m
€975,397
€824,904
▼ 15.4%
Trade receivables40
-
€1.2m
€757,648
€226,189
€489,115
▲ 116%
Other amounts receivable41
-
€3,401
€289,116
€749,208
€335,789
▼ 55.2%
Deferred charges and accrued income490/1
-
€104,258
€100,057
€56,471
€65,299
▲ 15.6%
Equity and liabilities
Total equity and liabilities10/49
€854,770
€1.3m
€1.1m
€1.0m
€890,203
▼ 13.7%
Equity10/15
€3,566
€222,178
€375,603
€162,750
€260,809
▲ 60.3%
Contributions10/11
€61,500
€61,500
€61,500
€61,500
€61,500
=
Capital10
-
€61,500
€61,500
€61,500
€61,500
=
Issued capital100
-
€61,500
€61,500
€61,500
€61,500
=
Reserves13
€6,150
€6,150
€6,150
€6,150
€6,150
=
Non-distributable reserves130/1
-
€6,150
€6,150
€6,150
€6,150
=
Legal reserve130
-
€6,150
€6,150
€6,150
€6,150
=
Profit (loss) carried forward14
-€64,084
€154,528
€307,953
€95,100
€193,159
▲ 103%
Amounts payable17/49
€851,203
€1.1m
€771,218
€869,118
€629,394
▼ 27.6%
Amounts payable within one year42/48
€849,117
€1.1m
€768,682
€863,582
€606,316
▼ 29.8%
Trade debts44
€73,644
€91,686
€50,363
€62,119
€43,652
▼ 29.7%
Suppliers440/4
-
€91,686
€50,363
€62,119
€43,652
▼ 29.7%
Taxes, remuneration and social security45
-
€767,249
€718,319
€519,463
€562,665
▲ 8.3%
Taxes450/3
-
€272,371
€341,717
€20,709
€34,447
▲ 66.3%
Remuneration and social security454/9
-
€494,878
€376,602
€498,755
€528,217
▲ 5.9%
Other amounts payable47/48
-
€253,664
-
€282,000
-
-
Accrued charges and deferred income492/3
-
€2,251
€2,536
€5,536
€23,078
▲ 317%
Line
2020
2021
2022
2023
2024
Change
Profit (loss) for the period9904
-€48,302
€218,611
€153,425
€69,147
€98,059
▲ 41.8%
Operating cash flow (approximation)
-€48,302
€218,611
€153,425
€69,147
€98,059
▲ 41.8%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
4 profitable years in a row build equity to €260,809.
31-05
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
31-12
FinancialBack to profitnet €218,611
Net result €218,611 after one loss-making year.
31-12
FinancialEquity above €200,000Eq €222,178 ▲6,130%
Equity rises from €3,566 to €222,178.
25-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
2019
31-12
FinancialBack to profitnet €73,672
Net result €73,672 after one loss-making year.
Show earlier events
24-06
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filingAnnual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 34 acts read
About the unread acts
Of the 34 Belgian State Gazette acts we know for this company, 1 has been read. The other 33 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Director · Private limited company · perm. rep.: Katty Scheerlinck
Current
Permanent representatives 1
SK
Katty Scheerlinck
Permanent representative · for Scheerlinck Consulting
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
33 of this company's 34 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Frankrijklei 101, 2000 AntwerpenTemporary employment agencies and other provision of personnel
since 20102.186.300.420
The Crew Flex
Bischoffsheimlaan 41, 1000 BrusselTemporary employment agencies and other provision of personnel
since 20162.259.083.973
The Crew – Start People Wallonië
Parc Ind. des Hauts Sarts, 2e av 31, 4040 HerstalTemporary employment agencies and other provision of personnel
since 20162.251.663.572
2 parcels
Flanders1(50%)Brussels1(50%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
11808H1206/00Y007
Flanders
2,404 m²
1 · 2,222 m²
32.5 m · 2 fl.
21803C0630/00M003
Brussels
448 m²
1 · 248 m²
33.9 m · 10 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of THE CREW FLEX and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
12 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 1,013 companies in sector 78200 we hold annual accounts for 644. 441 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded13-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID0208:0822205949
Also9925:BE0822205949
Registered09-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.