Flex
BankruptcyThe KBO register records for Flex the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €11k and a net result of €1k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
229 d late
2022
595 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€11k▲ 11.5%
2023 · €10k
2022: €-2k
2023: €10k
2022 → 2024
Total assets
€93k▲ 202%
2023 · €31k
2022: €2k
2023: €31k
2022 → 2024
Net result
€1k▼ 90.1%
2023 · €11k
2022: €-3k
2023: €11k
2022 → 2024
Working capital
€11k▲ 11.5%
2023 · €10k
2022: €-502
2023: €10k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-2k-€10k€11k▲ 11.5%
Operating result€-2k-€14k€-2k
Net result€-3k-€11k€1k▼ 90.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €14k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €93k
Equity
€11k▲ 11.5%
Debt
€83k▲ 286%
The debt ratio rises from 69.2% to 88.6%. Equity and debt are higher.
Key figures and ratios
Solvency
11.4%▼
2023 · 30.8%
Current ratio
1.13▼
2023 · 1.44
Quick ratio
1.13▼
2023 · 1.44
Debt / equity
7.78▲
2023 · 2.25
ROE
10.3%▼
2023 · 115.8%
ROA
1.2%▼
2023 · 35.6%
Debt
€83k▲
2023 · €21k
Debt ≤ 1 year
€83k▲
2023 · €21k
Income taxes
€273▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€31k€93k▲
Current assets29/58€31k€93k▲
Amounts receivable within one year40/41€31k€93k▲
Other amounts receivable41€31k€93k▲
Cash at bank and in hand54/58€233€0▼
Equity and liabilities
Total equity and liabilities10/49€31k€93k▲
Equity10/15€10k€11k▲
Contributions10/11€1k€1k=
Reserves13€9k€10k▲
Distributable reserves133€9k€10k▲
Amounts payable17/49€21k€83k▲
Amounts payable within one year42/48€21k€83k▲
Trade debts44€19k€13k▼
Suppliers440/4€19k€13k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48-€67k
Income statement
Code20232024
Other operating charges640/8€409-
Gross operating margin9900€14k€-2k▼
Operating profit (loss)9901€14k€-2k▼
Financial income75/76B€315€3k▲
Recurring financial income75€315€3k▲
Financial charges65/66B€367€54▼
Recurring financial charges65€367€54▼
Profit (loss) for the period before taxes9903€14k€1k▼
Income taxes67/77€3k€273▼
Profit (loss) for the period9904€11k€1k▼
Profit (loss) for the period to be appropriated9905€11k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€1k▼
Profit (loss) brought forward from the previous period14P€-3k-
Transfer to equity691/2€9k€1k▼
To other reserves6921€9k€1k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
17-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 229 days late
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 595 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Rest 582970 SchildeGround area
948 m²
Building footprint
396 m²
Volume, LiDAR
1,822 m³
Parcel 11039D0348/00K004, Flanders · tallest building 19.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Flex
since 20222.329.639.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0348/00K004 | Flanders | 948 m² | 1 · 396 m² | 19.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VK Bati
BE 0749.685.284
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DENKA-INVEST
BE 1007.608.086
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DECO CASTRO
BE 0480.685.181
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DR DEMOLITION
BE 1005.144.781
Hensies · Eq €11k
TERMENS RENOVATIONS
BE 0845.706.574
Lier · Eq €10k
Of 1,365 companies in sector 43110 we hold annual accounts for 632. 295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2021
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.