FLEXCON
ActiveSummary
FLEXCON has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-9k) and a net result of €-6k. Equity is shrinking by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.91 in 2023; short-term debt: 125.5% and cash: 52.8% of total assets), and equity is negative.
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-25.5%
Return on assets
-15.7%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-9k
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
323 d late
2022
249 d late
2021
197 d late
2020
163 d late
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-9k▼ 160%
2023 · €-4k
2018: €24k
2019: €24k▲ +0.4% vs 2018
2020: €30k▲ +26.2% vs 2019
2021: €49k▲ +61.7% vs 2020highest in 7 years
2022: €37k▼ -23.7% vs 2021
2023: €-4k▼ -109% vs 2022
2024: €-9k▼ -160% vs 2023lowest in 7 years
2018 → 2024
Total assets
€36k▼ 39.0%
2023 · €59k
2018: €71k
2019: €62k▼ -12.3% vs 2018
2020: €72k▲ +15.5% vs 2019
2021: €109k▲ +51.3% vs 2020highest in 7 years
2022: €106k▼ -2.5% vs 2021
2023: €59k▼ -44.6% vs 2022
2024: €36k▼ -39.0% vs 2023lowest in 7 years
2018 → 2024
Net result
€-6k▲ 86.2%
2023 · €-41k
2018: €19khighest in 7 years
2019: €107▼ -99.4% vs 2018
2020: €6k▲ +5760% vs 2019
2021: €19k▲ +197% vs 2020
2022: €-12k▼ -162% vs 2021
2023: €-41k▼ -252% vs 2022lowest in 7 years
2024: €-6k▲ +86.2% vs 2023
2018 → 2024
Working capital
€-10k▼ 84.9%
2023 · €-5k
2018: €23k
2019: €21k▼ -8.0% vs 2018
2020: €26k▲ +23.6% vs 2019
2021: €41k▲ +53.3% vs 2020highest in 7 years
2022: €30k▼ -25.9% vs 2021
2023: €-5k▼ -118% vs 2022
2024: €-10k▼ -84.9% vs 2023lowest 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€30k-€49k▲ 61.7%€37k▼ 23.7%€-4k€-9k▼ 160%
2020: €30k
2021: €49k▲ +61.7% vs 2020highest in 5 years
2022: €37k▼ -23.7% vs 2021
2023: €-4k▼ -109% vs 2022
2024: €-9k▼ -160% vs 2023lowest in 5 years
Operating result€3k-€22k▲ 637%€-11k€-39k▼ 240%€-5k▲ 88.2%
2020: €3k
2021: €22k▲ +637% vs 2020highest in 5 years
2022: €-11k▼ -151% vs 2021
2023: €-39k▼ -240% vs 2022lowest in 5 years
2024: €-5k▲ +88.2% vs 2023
Net result€6k-€19k▲ 197%€-12k€-41k▼ 252%€-6k▲ 86.2%
2020: €6k
2021: €19k▲ +197% vs 2020highest in 5 years
2022: €-12k▼ -162% vs 2021
2023: €-41k▼ -252% vs 2022lowest in 5 years
2024: €-6k▲ +86.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €39k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€795 ▼ 57.2%
Current assets
€35k ▼ 38.4%
Key figures and ratios
EBITDA
€-4k▲
2023 · €-37k
Cash flow
€-5k▲
2023 · €-39k
Solvency
-25.5%▼
2023 · -6.0%
Current ratio
0.78▼
2023 · 0.91
Quick ratio
0.51▼
2023 · 0.72
Debt to equity
-4.92▲
2023 · -17.73
ROA
-15.7%▲
2023 · -69.6%
Interest coverage
-3.50▲
2023 · -19.26
Debt
€45k▼
2023 · €62k
Debt ≤ 1 year
€45k▼
2023 · €62k
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 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€59k€36k▼
Fixed assets21/28€2k€795▼
Tangible fixed assets22/27€2k€795▼
Plant, machinery and equipment23€1k€566▼
Furniture and vehicles24€810€229▼
Current assets29/58€57k€35k▼
Stocks and contracts in progress3€12k€12k=
Stocks30/36€7k€7k=
Contracts in progress37€5k€5k=
Amounts receivable within one year40/41€8k€4k▼
Trade receivables40€8k€3k▼
Other amounts receivable41€0€1k▲
Cash at bank and in hand54/58€36k€19k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€59k€36k▼
Equity10/15€-4k€-9k▼
Reserves13€37k€37k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-41k€-46k▼
Amounts payable17/49€62k€45k▼
Amounts payable within one year42/48€62k€45k▼
Trade debts44€674€3k▲
Suppliers440/4€674€3k▲
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Other amounts payable47/48€60k€42k▼
Income statement
Code20232024
Non-recurring operating income76A€13k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€384€837▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€-35k€-3k▲
Operating profit (loss)9901€-39k€-5k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-41k€-6k▲
Profit (loss) for the period9904€-41k€-6k▲
Profit (loss) for the period to be appropriated9905€-41k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-46k▼
Profit (loss) brought forward from the previous period14P-€-41k
The notes to these accounts (10 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 | - | - | - | €13k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €40 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €3k | €2k | €1k | ▼ 32.9% |
| Other operating charges640/8 | - | €466 | €357 | €384 | €837 | ▲ 118% |
| Non-recurring operating charges66A | - | - | - | €2k | €0 | ▼ 100% |
| Gross operating margin9900 | €6k | €26k | €-8k | €-35k | €-3k | ▲ 92.2% |
| Operating profit (loss)9901 | €3k | €22k | €-11k | €-39k | €-5k | ▲ 88.2% |
| Financial income75/76B | - | €1 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €11 | €1 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €95 | €150 | €2k | €1k | ▼ 47.7% |
| Recurring financial charges65 | €424 | €95 | €150 | €2k | €1k | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | €7k | €22k | €-12k | €-41k | €-6k | ▲ 86.2% |
| Income taxes67/77 | €712 | €3k | - | - | - | - |
| Profit (loss) for the period9904 | €6k | €19k | €-12k | €-41k | €-6k | ▲ 86.2% |
| Profit (loss) for the period to be appropriated9905 | €6k | €19k | €-12k | €-41k | €-6k | ▲ 86.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €109k | €106k | €59k | €36k | ▼ 39.0% |
| Fixed assets21/28 | €4k | €8k | €7k | €2k | €795 | ▼ 57.2% |
| Tangible fixed assets22/27 | €4k | €8k | €7k | €2k | €795 | ▼ 57.2% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €566 | ▼ 45.9% |
| Furniture and vehicles24 | - | €6k | €5k | €810 | €229 | ▼ 71.8% |
| Current assets29/58 | €68k | €100k | €99k | €57k | €35k | ▼ 38.4% |
| Stocks and contracts in progress3 | €40k | €40k | €65k | €12k | €12k | = |
| Stocks30/36 | - | - | €22k | €7k | €7k | = |
| Contracts in progress37 | - | €40k | €43k | €5k | €5k | = |
| Amounts receivable within one year40/41 | €24k | €50k | €13k | €8k | €4k | ▼ 51.2% |
| Trade receivables40 | - | €49k | €11k | €8k | €3k | ▼ 63.6% |
| Other amounts receivable41 | - | €1k | €2k | €0 | €1k | - |
| Cash at bank and in hand54/58 | €4k | €10k | €20k | €36k | €19k | ▼ 48.2% |
| Deferred charges and accrued income490/1 | - | €226 | €222 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €109k | €106k | €59k | €36k | ▼ 39.0% |
| Equity10/15 | €30k | €49k | €37k | €-4k | €-9k | ▼ 160% |
| Contributions10/11 | - | €23k | €23k | - | - | - |
| Reserves13 | €8k | €26k | €15k | €37k | €37k | = |
| Distributable reserves133 | - | €26k | €15k | €37k | €37k | = |
| Profit (loss) carried forward14 | €0 | - | - | €-41k | €-46k | ▼ 13.8% |
| Amounts payable17/49 | €42k | €60k | €69k | €62k | €45k | ▼ 27.8% |
| Amounts payable within one year42/48 | €42k | €60k | €69k | €62k | €45k | ▼ 27.8% |
| Trade debts44 | €10k | €18k | €8k | €674 | €3k | ▲ 377% |
| Suppliers440/4 | - | €18k | €8k | €674 | €3k | ▲ 377% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €2k | €0 | ▼ 100% |
| Taxes450/3 | - | €3k | €3k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €38k | €57k | €60k | €42k | ▼ 30.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €19k | €-12k | €-41k | €-6k | ▲ 86.2% |
| + Depreciation and write-downs630 | €1k | €3k | €3k | €2k | €1k | ▼ 32.9% |
| Operating cash flow (approximation) | €7k | €22k | €-8k | €-39k | €-5k | ▲ 88.4% |
| Investment in fixed assets (approximation) | - | €-7k | €-2k | €4k | €0 | ▼ 100% |
| Change in cash | - | €7k | €10k | €16k | €-18k | ▼ 210% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 323 days late
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 249 days late
2023
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
13-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 197 days late
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 183 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Poperinge · 1 establishment unit since 2013
Ground area
3,530 m²
Building footprint
166 m²
Volume, LiDAR
731 m³
Parcel 33313K1098/00D000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flexcon
since 20132.223.536.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33313K1098/00D000 | Flanders | 3,530 m² | 1 · 166 m² | 7.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 101 EUR awarded · 101 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 50 EUR |
| 2023 | 1 | 101 EUR | 51 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,322 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
Founded22-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
42990Civil engineering
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
70200Business and other management consultancy
77210Renting and leasing of sports and recreation goods
Contact
Phone
0470/33.34.32Poperinge
Scores and ratios are computed by Checked and are not a credit decision.