Flex IT
ActiveSummary
Flex IT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.87M and a net result of €133k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-15
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 9.75 in 2023; short-term debt: 25.6% and cash: 2% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.3%
Return on assets
5.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
71 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.87M▲ 7.6%
2023 · €1.74M
2018: €1.06Mlowest in 7 years
2019: €1.13M▲ +6.1% vs 2018
2020: €1.25M▲ +10.7% vs 2019
2021: €1.36M▲ +9.2% vs 2020
2022: €1.52M▲ +11.5% vs 2021
2023: €1.74M▲ +14.4% vs 2022
2024: €1.87M▲ +7.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.52M▲ 30.2%
2023 · €1.94M
2018: €1.84M
2019: €1.28M▼ -30.4% vs 2018lowest in 7 years
2020: €1.46M▲ +13.6% vs 2019
2021: €1.45M▼ -0.9% vs 2020
2022: €1.61M▲ +11.3% vs 2021
2023: €1.94M▲ +20.3% vs 2022
2024: €2.52M▲ +30.2% vs 2023highest in 7 years
2018 → 2024
Net result
€133k▼ 39.1%
2023 · €219k
2018: €36klowest in 7 years
2019: €65k▲ +82.6% vs 2018
2020: €131k▲ +101% vs 2019
2021: €115k▼ -11.7% vs 2020
2022: €156k▲ +35.6% vs 2021
2023: €219k▲ +39.7% vs 2022highest in 7 years
2024: €133k▼ -39.1% vs 2023
2018 → 2024
Working capital
€1.86M▲ 7.9%
2023 · €1.72M
2018: €1.03Mlowest in 7 years
2019: €1.10M▲ +7.2% vs 2018
2020: €1.23M▲ +11.6% vs 2019
2021: €1.34M▲ +9.5% vs 2020
2022: €1.50M▲ +11.7% vs 2021
2023: €1.72M▲ +14.5% vs 2022
2024: €1.86M▲ +7.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.25M-€1.36M▲ 9.2%€1.52M▲ 11.5%€1.74M▲ 14.4%€1.87M▲ 7.6%
2020: €1.25Mlowest in 5 years
2021: €1.36M▲ +9.2% vs 2020
2022: €1.52M▲ +11.5% vs 2021
2023: €1.74M▲ +14.4% vs 2022
2024: €1.87M▲ +7.6% vs 2023highest in 5 years
Operating result€183k-€162k▼ 11.3%€183k▲ 13.1%€250k▲ 36.1%€188k▼ 24.7%
2020: €183k
2021: €162k▼ -11.3% vs 2020lowest in 5 years
2022: €183k▲ +13.1% vs 2021
2023: €250k▲ +36.1% vs 2022highest in 5 years
2024: €188k▼ -24.7% vs 2023
Net result€131k-€115k▼ 11.7%€156k▲ 35.6%€219k▲ 39.7%€133k▼ 39.1%
2020: €131k
2021: €115k▼ -11.7% vs 2020lowest in 5 years
2022: €156k▲ +35.6% vs 2021
2023: €219k▲ +39.7% vs 2022highest in 5 years
2024: €133k▼ -39.1% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.52M
Fixed assets
€18k =
Current assets
€2.50M ▲ 30.4%
Equity and liabilities €2.52M
Equity
€1.87M ▲ 7.6%
Debt
€647k ▲ 229%
Debt's share of the balance-sheet total rises from 10.2% to 25.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.88▼
2023 · 9.75
Debt to equity
0.35▲
2023 · 0.11
ROE
7.1%▼
2023 · 12.6%
ROA
5.3%▼
2023 · 11.3%
Debt ≤ 1 year
€644k▲
2023 · €197k
Income taxes
€53k▼
2023 · €81k
Staff costs
€396k▼
2023 · €438k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.94M€2.52M▲
Fixed assets21/28€18k€18k=
Financial fixed assets28€18k€18k=
Current assets29/58€1.92M€2.50M▲
Amounts receivable within one year40/41€1.86M€2.45M▲
Trade receivables40€115k€686k▲
Other amounts receivable41€1.74M€1.76M▲
Cash at bank and in hand54/58€50k€50k=
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.94M€2.52M▲
Equity10/15€1.74M€1.87M▲
Contributions10/11€19k€19k=
Reserves13€1.72M€1.85M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.72M€1.85M▲
Amounts payable17/49€197k€647k▲
Amounts payable within one year42/48€197k€644k▲
Trade debts44€65k€520k▲
Suppliers440/4€65k€520k▲
Taxes, remuneration and social security45€132k€124k▼
Taxes450/3€92k€84k▼
Remuneration and social security454/9€40k€40k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€438k€396k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€688k€585k▼
Operating profit (loss)9901€250k€188k▼
Financial income75/76B€51k-
Recurring financial income75€51k-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€299k€186k▼
Income taxes67/77€81k€53k▼
Profit (loss) for the period9904€219k€133k▼
Profit (loss) for the period to be appropriated9905€219k€133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€219k€133k▼
Transfer to equity691/2€219k€133k▼
To other reserves6921€219k€133k▼
Social balance
Average headcount (FTE)90870.14.2▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €603k | €337k | €438k | €396k | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €1k | €1k | - | - | - |
| Other operating charges640/8 | - | €2k | €3k | €1k | €1k | ▲ 17.9% |
| Gross operating margin9900 | €1.02M | €768k | €524k | €688k | €585k | ▼ 15.0% |
| Operating profit (loss)9901 | €183k | €162k | €183k | €250k | €188k | ▼ 24.7% |
| Financial income75/76B | - | €2 | €34k | €51k | - | - |
| Recurring financial income75 | €1 | €2 | €34k | €51k | - | - |
| Financial charges65/66B | - | €1k | €872 | €1k | €2k | ▲ 53.0% |
| Recurring financial charges65 | €2k | €1k | €872 | €1k | €2k | ▲ 53.0% |
| Profit (loss) for the period before taxes9903 | €181k | €161k | €216k | €299k | €186k | ▼ 37.7% |
| Income taxes67/77 | €51k | €46k | €60k | €81k | €53k | ▼ 33.8% |
| Profit (loss) for the period9904 | €131k | €115k | €156k | €219k | €133k | ▼ 39.1% |
| Profit (loss) for the period to be appropriated9905 | €131k | €115k | €156k | €219k | €133k | ▼ 39.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.46M | €1.45M | €1.61M | €1.94M | €2.52M | ▲ 30.2% |
| Fixed assets21/28 | €20k | €19k | €18k | €18k | €18k | = |
| Tangible fixed assets22/27 | €3k | €1k | - | - | - | - |
| Furniture and vehicles24 | - | €1k | - | - | - | - |
| Financial fixed assets28 | €18k | €18k | €18k | €18k | €18k | = |
| Current assets29/58 | €1.44M | €1.43M | €1.59M | €1.92M | €2.50M | ▲ 30.4% |
| Amounts receivable within one year40/41 | €1.38M | €1.37M | €1.53M | €1.86M | €2.45M | ▲ 31.8% |
| Trade receivables40 | - | €68k | €34k | €115k | €686k | ▲ 494% |
| Other amounts receivable41 | - | €1.30M | €1.50M | €1.74M | €1.76M | ▲ 1.1% |
| Cash at bank and in hand54/58 | €50k | €50k | €50k | €50k | €50k | = |
| Deferred charges and accrued income490/1 | - | €4k | €7k | €10k | €3k | ▼ 69.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.46M | €1.45M | €1.61M | €1.94M | €2.52M | ▲ 30.2% |
| Equity10/15 | €1.25M | €1.36M | €1.52M | €1.74M | €1.87M | ▲ 7.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.23M | €1.35M | €1.50M | €1.72M | €1.85M | ▲ 7.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €1.34M | €1.50M | €1.72M | €1.85M | ▲ 7.7% |
| Amounts payable17/49 | €210k | €82k | €89k | €197k | €647k | ▲ 229% |
| Amounts payable within one year42/48 | €210k | €82k | €89k | €197k | €644k | ▲ 228% |
| Trade debts44 | €65k | €32k | €4k | €65k | €520k | ▲ 705% |
| Suppliers440/4 | - | €32k | €4k | €65k | €520k | ▲ 705% |
| Taxes, remuneration and social security45 | - | €49k | €84k | €132k | €124k | ▼ 5.8% |
| Taxes450/3 | - | €1k | €62k | €92k | €84k | ▼ 8.7% |
| Remuneration and social security454/9 | - | €48k | €23k | €40k | €40k | ▲ 0.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131k | €115k | €156k | €219k | €133k | ▼ 39.1% |
| + Depreciation and write-downs630 | €6k | €1k | €1k | - | - | - |
| Operating cash flow (approximation) | €137k | €117k | €158k | €219k | €133k | ▼ 39.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
31-12
Financial
Highest result since 2018net €219k ▲39.7%
Operating result €250k, net result €219k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 17.42
Current ratio from 6.84 to 17.42; short-term debt falls from €210k to €82k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 8.04
Current ratio from 2.31 to 8.04; short-term debt falls from €782k to €156k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
14 acts for this company are 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, Mechelen · 1 establishment unit since 2010
Ground area
1.3 ha
Building footprint
4,002 m²
Volume, LiDAR
51,874 m³
Parcel 12403D0148/00G000, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Flex IT Distribution
since 20102.188.704.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0148/00G000 | Flanders | 1.3 ha | 1 · 4,002 m² | 20.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
FLOKK
BE 0472.195.505
Sint-Lambrechts-Woluwe · Eq €1,858,858
WEBER MARKING SYSTEMS
BE 0454.668.692
Leuven · Eq €1,885,686
BITS AND BYTES
BE 0438.249.562
Herk-de-Stad · Eq €1,886,127
IMPRO EUROPE
BE 0478.159.817
Aartselaar · Eq €1,846,008
ADINSEC
BE 0477.082.226
Asse · Eq €1,908,579
Of 2,121 companies in sector 46500 we hold annual accounts for 1,403. 713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.