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V-Flex

Active Private limited company (pre-2019)founded 2012active for 14 yearsBeemdenstraat 8, 2930 BrasschaatKBO/BCE: BE 0848.708.230

Lifetime

11 annual accounts with figures on one time axis
peak €75,272 (2023)
€44,813▼ 36.4%
peak €27,780 (2016)
€4,541▼ 70.2%
peak €143,174 (2025)
€143,174▲ 3.3%
€349,627▲ 25.1%
Board1 name since 2017
1 director
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €70,505 to €44,813Result from €15,221 to €4,541Debts from €279,396 to €349,627Cash from €10,255 to €27,257

Key points

from the 2025 annual accounts

Equity

€143,174 ▲ 3.3%

V-Flex has made a profit in every financial year since 2015.

Debts

€349,627 71% of the balance sheet
Financial debts 60%Suppliers 22%Taxes and wages 4%Other 15%

Of this, €304,607 falls due within a year.

Filings

11 annual accounts since 2015
AprilJune31 JulyOctober201520202025

Eight of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 4,107 companies had the same profile as V-Flex has now. Each dot stands for 11 companies, two years later.

97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the 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% 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 4,107 companies, not a prediction for V-Flex. 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

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Signals

Board and ownership

Manager
Board & ownership

Recent changes

Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brasschaat
Registered in the Peppol Directory Reachable for e-invoices through 0208:0848708230
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Antwerpen
Registered office moved within Brasschaat New registered office: Beemdenstraat 8 te 2930 Brasschaat · Previous registered office: Leopoldslei 44 te 2930 Brasschaat · General meeting of 20-03-2017 · Gazette deed
All 19 events

Comparable companies

same main activity, similar in size and age
Company
V-Flex Brasschaat €492,801 €44,813 29.1% -
JOANN Sint-Martens-Latem €423,225 €30,434 -2.7% -
VERSTREPEN INDUSTRIE Herenthout €457,744 €67,205 96.5% -
Cleirbaut KMO units Bonheiden €719,888 €21,737 4.1% -
ADEMAIN Retie €273,288 €63,325 81.6% -
DMV AFWERKING Antwerp €431,933 €152,403 22.3% 1.9
El Nebo Beveren-Kruibeke-Zwijndrecht €657,809 €85,342 23.4% -

These companies have the same main activity as V-Flex: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €273,000 and €720,000, founded between 2010 and 2016.

Official details

Source: KBO
Status
Active since 28-08-2012Normal situation
Activity
Development of non-residential building projectsNACE 68122
Establishment unit
2.212.990.9592930 Brasschaat, since 14-09-2012
Financial year end
31 December
Peppol
Reachable since 26-11-2025
Company details

Annual accounts 2025

≈ €120,000estimated
€492,801▲ 17.9%
Filing
Filed on 24-08-2026
Financials

Insights on V-Flex

V-Flex files the micro format. That format states no turnover. The gross margin rose from €15,761 in 2015 to €44,813 in 2025.

The balance sheet grew most from 2016 to 2018 through fixed assets.

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 V-Flex

What is the company number of V-Flex?
The company number of V-Flex is 0848.708.230. The VAT number is the same number with BE in front: BE 0848.708.230.
Where is V-Flex based?
The registered office is at Beemdenstraat 8, 2930 Brasschaat.Company details
What does V-Flex do?
According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of V-Flex?
V-Flex is a private limited company (pre-2019) (BVBA).
When was V-Flex founded?
V-Flex was founded on 28-08-2012.
Is V-Flex still active?
Yes, V-Flex is an active enterprise in the KBO register.
What is the turnover of V-Flex?
The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €44,813 and 32 comparable companies (NACE 681). It probably lies between €67,000 and €250,000.Financials
Is V-Flex profitable?
In financial year 2025, V-Flex made a profit of €4,541.
Where can I find the annual accounts of V-Flex?
V-Flex filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of V-Flex due?
V-Flex must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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