VLEXA

Active

Private limited companyfounded 20233 yrs activeHalewijnstationstraat 29A, 9031 Gent, BelgiumKBO/BCE: BE 0803.710.227

Summary

The computed 12-month bankruptcy probability of VLEXA is 9.8% (elevated). The 2025 annual accounts show equity of €4,352 and a net result of €2,924. Its solvency ranks better than 25% of 647 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

VLEXAActiveChecked score 33/100

Risk analysis Report Compare

Activity

Manufacture of other builders' carpentry and joinery

NACE 16230

1 site

Size

€29,069total assets 2025

Equity: €4,352
Profit: €2,924

Turnover not published (abridged schema)

Financial health

33 Weak Checked score 2025

Bankruptcy chance 12 m: 9.8%

Structure

Accounts filed 60 d late0 of 3 deeds read

Why 33- 2 changes of registered office in 24 months- Founded in 2023- Latest accounts 60 days late; 1 of the last 3 late+ Figures for FY 2025 (filed 29-09-2026)Show the evidence

Checked score

Score 2025

33 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 50% of its sector peers (NACE 16, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 40+10

equity 15.0% of total assets

Liquidity 19-28

short-term debt 71.5% · cash 6.2%

Profitability 81+6

return on assets 10.1%

Bankruptcy probability, 12 months

9.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,028 companies)

Last 24 months 11-2024: 2.3% 12-2024: 2.6%▲ +10.9% vs 11-2024 01-2025: 2.6%● 0.0% vs 12-2024 02-2025: 2.9%▲ +10.4% vs 01-2025 03-2025: 2.9%▲ +1.8% vs 02-2025 04-2025: 5.0%▲ +73.2% vs 03-2025 05-2025: 5.1%▲ +1.2% vs 04-2025 06-2025: 5.4%▲ +5.2% vs 05-2025 07-2025: 5.5%▲ +2.7% vs 06-2025 08-2025: 5.5%● 0.0% vs 07-2025 09-2025: 2.3%▼ -58.1% vs 08-2025lowest value 10-2025: 2.3%● 0.0% vs 09-2025lowest value 11-2025: 6.3%▲ +173% vs 10-2025 12-2025: 6.3%● 0.0% vs 11-2025 01-2026: 6.2%▼ -0.9% vs 12-2025 02-2026: 6.2%● 0.0% vs 01-2026 03-2026: 6.2%▲ +0.1% vs 02-2026 04-2026: 7.1%▲ +13.5% vs 03-2026 05-2026: 7.2%▲ +1.7% vs 04-2026 06-2026: 7.1%▼ -1.4% vs 05-2026 07-2026: 7.2%▲ +1.6% vs 06-2026 08-2026: 8.8%▲ +21.9% vs 07-2026 09-2026: 9.2%▲ +4.4% vs 08-2026 10-2026: 9.8%▲ +6.5% vs 09-2026highest value

2 changes of registered office in 24 months raises the probability
Founded in 2023 raises the probability for this profile
Latest accounts 60 days late; 1 of the last 3 late raises the probability
Figures for FY 2025 (filed 29-09-2026) lowers the probability

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.04 against 0.92 in 2024; short-term debt: 71.5% and cash: 6.2% of total assets), and 85% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 16, micro). Better than this share of them on solvency 23%, liquidity 12%, profitability 72%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

2 changes of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Founded in 2023

In the bankruptcy model this factor raises the probability for this profile.

KBO

Latest accounts 60 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Figures for FY 2025 (filed 29-09-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 647 sector peers (2025).

NBB · sector comparison

Position among 647 sector peers

Solvency

better than 25%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

60 d late

2024

1 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

06-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

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

29-09-26 Annual accounts filedfiscal year 2025 · micro…
30-07-25 Annual accounts filedfiscal year 2024 · micro…

Key points

Caution: Among the weakest 17% on equitysector median €62,331 · 648 companies €4,352 View
Total assets 20252 fiscal years filed €29,069 View
Active since 2023founded 07-07-2023 3 years View