FLEXCOR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €723k and a net result of €212k. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 53% of 9864 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
20 d early
2021
16 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€723k▲ 35.6%
2023 · €533k
2018: €75k
2019: €130k
2020: €182k
2021: €293k
2022: €396k
2023: €533k
2018 → 2024
Net result
€212k▲ 54.5%
2023 · €137k
2018: €23k
2019: €56k
2020: €52k
2021: €126k
2022: €103k
2023: €137k
2018 → 2024
Total assets
€1.25M▲ 6.9%
2023 · €1.17M
2018: €1.13M
2019: €1.18M
2020: €1.12M
2021: €1.19M
2022: €1.09M
2023: €1.17M
2018 → 2024
Solvency
58.0%▲ 12.3pp
2023 · 45.7%
2018: 6.6%
2019: 11.1%
2020: 16.3%
2021: 24.7%
2022: 36.3%
2023: 45.7%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€182k-€293k▲ 60.8%€396k▲ 35.0%€533k▲ 34.7%€723k▲ 35.6%
Operating result€79k-€182k▲ 131%€148k▼ 19.0%€198k▲ 34.2%€365k▲ 84.2%
Net result€52k-€126k▲ 142%€103k▼ 18.4%€137k▲ 34.0%€212k▲ 54.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 84% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.25M
Fixed assets
€686k▼ 7.8%
Current assets
€560k▲ 32.9%
Equity and liabilities €1.25M
Equity
€723k▲ 35.6%
Debt
€523k▼ 17.2%
The debt ratio falls from 54.3% to 42.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
58.0%▲
2023 · 45.7%
ROE
29.4%▲
2023 · 25.8%
ROA
17.0%▲
2023 · 11.8%
Debt
€523k▼
2023 · €632k
Debt ≤ 1 year
€523k▼
2023 · €632k
Income taxes
€114k▲
2023 · €60k
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€1.17M€1.25M▲
Fixed assets21/28€744k€686k▼
Tangible fixed assets22/27€744k€686k▼
Land and buildings22€720k€664k▼
Plant, machinery and equipment23€18k€16k▼
Furniture and vehicles24€5k€5k▲
Current assets29/58€422k€560k▲
Amounts receivable within one year40/41€152k€183k▲
Trade receivables40€102k€125k▲
Other amounts receivable41€50k€58k▲
Current investments50/53€27€19▼
Cash at bank and in hand54/58€263k€373k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.25M▲
Equity10/15€533k€723k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€496k€686k▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€470k€660k▲
Profit (loss) carried forward14€-25k€-25k=
Amounts payable17/49€632k€523k▼
Amounts payable within one year42/48€632k€523k▼
Trade debts44€23k€18k▼
Suppliers440/4€23k€18k▼
Taxes, remuneration and social security45€35k€44k▲
Taxes450/3€35k€44k▲
Other amounts payable47/48€574k€462k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€59k▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€275k€432k▲
Operating profit (loss)9901€198k€365k▲
Financial charges65/66B€719€38k▲
Recurring financial charges65€719€38k▲
Profit (loss) for the period before taxes9903€197k€326k▲
Income taxes67/77€60k€114k▲
Profit (loss) for the period9904€137k€212k▲
Profit (loss) for the period to be appropriated9905€137k€212k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€188k▲
Profit (loss) brought forward from the previous period14P€-25k€-25k=
Transfer from equity791/2-€23k
Transfer to equity691/2€137k€212k▲
To other reserves6921€137k€212k▲
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€23k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
31-07
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director reappointment8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director reappointment8 facts ▸
- General meeting, 15/05/2026
- Board meeting, 15/05/2026
- Director reappointment, Frank Veranneman (niet-statutaire bestuurder)
- Mandate compensation, Frank Veranneman
- Director reappointment, Ann Goddeeris (niet-statutaire bestuurder)
- Mandate compensation, Ann Goddeeris
- Director reappointment, Frank Veranneman (gedelegeerd bestuurder)
- Mandate compensation, Frank Veranneman
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €212k ▲54.5%
Operating result €365k, net result €212k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €533k ▲34.7%
6 profitable years in a row build equity to €533k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €293k ▲60.8%
4 profitable years in a row build equity to €293k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €182k ▲39.9%
3 profitable years in a row build equity to €182k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €130k ▲74.8%
2 profitable years in a row build equity to €130k.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Ann Goddeeris
CurrentNon-statutory director · since 15-05-2026
Frank Veranneman
CurrentManaging director · since 15-05-2026
15-05-2026
Ann Goddeeris: Mandate renewed as Non-statutory director
15-05-2026
Frank Veranneman: Mandate renewed as Managing director
15-05-2026
Frank Veranneman: Mandate renewed as Non-statutory director
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2002
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.
Peter Benoitstraat 98800 RoeselareGround area
747 m²
Building footprint
169 m²
Volume, LiDAR
787 m³
Parcel 36502B0608/00M004, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLEXCOR
since 20022.114.412.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0608/00M004 | Flanders | 747 m² | 1 · 169 m² | 6.6 m · 2 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.
Structure & network
Connections & network
3 connected companiesLinked via shared directors
viaFrank Veranneman · Chair
→
viaFrank Veranneman · Director
former→
viaFrank Veranneman · Director
former→
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,289 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-08-2002
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.