FlexDev
ActiveSummary
FlexDev has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €9k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 59% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+3
Solvency93▼-7
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 10.74 in 2024; short-term debt: 31.8% and cash: 54.9% of total assets), and 31.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
68.2%
Return on assets
6.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
23 d late
2023
28 d late
2022
28 d late
2021
27 d early
2020
5 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▼ 19.7%
2024 · €116k
2018: €94k
2019: €109k
2020: €111k
2021: €107k
2022: €117k
2023: €126k
2024: €116k
2018 → 2025
Total assets
€136k▲ 10.5%
2024 · €124k
2018: €106k
2019: €113k
2020: €118k
2021: €116k
2022: €132k
2023: €138k
2024: €124k
2018 → 2025
Net result
€9k▲ 68.6%
2024 · €5k
2018: €20k
2019: €14k
2020: €9k
2021: €4k
2022: €20k
2023: €18k
2024: €5k
2018 → 2025
Working capital
€64k▼ 12.9%
2024 · €73k
2018: €72k
2019: €93k
2020: €91k
2021: €98k
2022: €111k
2023: €77k
2024: €73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€107k-€117k▲ 9.2%€126k▲ 7.6%€116k▼ 7.7%€93k▼ 19.7%
Operating result€7k-€28k▲ 277%€24k▼ 14.9%€8k▼ 65.8%€13k▲ 57.5%
Net result€4k-€20k▲ 401%€18k▼ 9.7%€5k▼ 69.4%€9k▲ 68.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€29k ▼ 31.6%
Current assets
€107k ▲ 32.5%
Equity and liabilities €136k
Equity
€93k ▼ 19.7%
Debt
€43k ▲ 475%
Debt's share of the balance-sheet total rises from 6.1% to 31.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▲
2024 · €22k
Cash flow
€23k▲
2024 · €19k
Current ratio
2.48▼
2024 · 10.74
Debt to equity
0.47▲
2024 · 0.07
ROE
9.8%▲
2024 · 4.7%
ROA
6.7%▲
2024 · 4.4%
Interest coverage
960.96▲
2024 · 389.95
Debt ≤ 1 year
€43k▲
2024 · €8k
Income taxes
€4k▲
2024 · €3k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124k€136k▲
Fixed assets21/28€43k€29k▼
Tangible fixed assets22/27€43k€29k▼
Furniture and vehicles24€39k€26k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€81k€107k▲
Amounts receivable within one year40/41€32k€31k▼
Trade receivables40€30k€30k▲
Other amounts receivable41€2k€837▼
Cash at bank and in hand54/58€49k€75k▲
Deferred charges and accrued income490/1€377€1k▲
Equity and liabilities
Total equity and liabilities10/49€124k€136k▲
Equity10/15€116k€93k▼
Contributions10/11€12k€12k=
Reserves13€71k€48k▼
Distributable reserves133€71k€48k▼
Profit (loss) carried forward14€32k€32k=
Amounts payable17/49€8k€43k▲
Amounts payable within one year42/48€8k€43k▲
Trade debts44€98€204▲
Suppliers440/4€98€204▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Other amounts payable47/48-€32k
Income statement
Code20242025
Remuneration, social security and pensions62€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€451€234▼
Gross operating margin9900€25k€27k▲
Operating profit (loss)9901€8k€13k▲
Financial income75/76B€215€323▲
Recurring financial income75€215€323▲
Financial charges65/66B€56€27▼
Recurring financial charges65€56€27▼
Profit (loss) for the period before taxes9903€8k€13k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€5k€9k▲
Profit (loss) for the period to be appropriated9905€5k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€41k▲
Profit (loss) brought forward from the previous period14P€32k€32k=
Transfer from equity791/2€15k€32k▲
Transfer to equity691/2€5k€9k▲
To other reserves6921€5k€9k▲
Profit to be distributed694/7€15k€32k▲
Return on contributions (dividend)694€15k€32k▲
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
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €4k ▼54.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 24.08
Current ratio from 7.11 to 24.08; short-term debt falls from €12k to €4k.
31-12
Financial
Equity above €100kEq €109k ▲15.2%
2 profitable years in a row build equity to €109k.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Saint-Georges-sur-Meuse · 1 establishment unit since 2011
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.
Rue de la Vallée 14470 Saint-Georges-sur-MeuseGround area
854 m²
Building footprint
89 m²
Volume, LiDAR
584 m³
Parcel 64065C0392/00H000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FlexDev
since 20112.195.459.594
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065C0392/00H000 | Wallonia | 854 m² | 1 · 89 m² | 8.0 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.
Similar companies · same sector, comparable size
SPECIAL IT
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NEODIENSIS
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AEA Solutions
BE 0794.603.610
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SENTAI
BE 0629.776.557
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GMV Innovating Solutions
BE 0765.337.324
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,956 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.