FlexInstall
ActiveSummary
FlexInstall has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78k and a net result of €18k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+1
Solvency47▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.43 in 2023; short-term debt: 69.6% of total assets), and 78.1% of the assets are financed with debt.
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Signals
Three 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
21.9%
Return on assets
5%
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 09-09-2025, 40 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
on the day
2022
24 d late
2021
31 d late
2020
31 d late
2019
94 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€78k▲ 3.8%
2023 · €75k
Total assets
€354k▲ 13.4%
2023 · €313k
Net result
€18k▲ 27.7%
2023 · €14k
Working capital
€43k▼ 51.0%
2023 · €88k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9k▼ 39.3%€13k▲ 43.9%€18k▲ 33.3%€24k▲ 35.1%€25k▲ 3.7%
Net result€7k€-34€11k€14k▲ 27.9%€18k▲ 27.7%
Equity€50k▲ 22.2%€50k▲ 0.9%€61k▲ 21.5%€75k▲ 22.6%€78k▲ 3.8%
Total assets€94k▲ 5.4%€116k▲ 23.4%€228k▲ 95.5%€313k▲ 37.3%€354k▲ 13.4%
Debt€45k▼ 8.7%€66k▲ 48.4%€167k▲ 152%€238k▲ 42.7%€277k▲ 16.4%
Working capital€40k▲ 76.1%€40k▼ 1.7%€49k▲ 24.4%€88k▲ 78.8%€43k▼ 51.0%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €354k
Fixed assets
€64k ▲ 290%
Current assets
€290k ▼ 2.1%
Equity and liabilities €354k
Equity
€78k ▲ 3.8%
Debt
€277k ▲ 16.4%
Debt's share of the balance-sheet total rises from 76.0% to 78.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2023 · €29k
Cash flow
€24k▲
2023 · €20k
Current ratio
1.18▼
2023 · 1.43
Debt to equity
3.56▲
2023 · 3.17
ROE
22.7%▲
2023 · 18.5%
ROA
5.0%▲
2023 · 4.4%
Interest coverage
29.33▲
2023 · 14.26
Debt ≤ 1 year
€247k▲
2023 · €208k
Debt > 1 year
€30k=
2023 · €30k
Income taxes
€6k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €18k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €9k | €6k | €6k | ▲ 11.7% |
| Other operating charges640/8 | - | €2k | €5k | €2k | €950 | ▼ 52.1% |
| Gross operating margin9900 | €23k | €20k | €31k | €31k | €32k | ▲ 1.7% |
| Operating profit (loss)9901 | €9k | €13k | €18k | €24k | €25k | ▲ 3.7% |
| Financial income75/76B | - | €577 | €804 | €191 | - | - |
| Recurring financial income75 | €0 | €577 | €804 | €191 | - | - |
| Financial charges65/66B | - | €13k | €2k | €2k | €1k | ▼ 48.8% |
| Recurring financial charges65 | €260 | €2k | €2k | €2k | €1k | ▼ 48.8% |
| Non-recurring financial charges66B | - | €12k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9k | €277 | €16k | €22k | €24k | ▲ 7.8% |
| Income taxes67/77 | €2k | €312 | €5k | €8k | €6k | ▼ 26.6% |
| Profit (loss) for the period9904 | €7k | €-34 | €11k | €14k | €18k | ▲ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-34 | €11k | €14k | €18k | ▲ 27.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €116k | €228k | €313k | €354k | ▲ 13.4% |
| Fixed assets21/28 | €9k | €11k | €12k | €17k | €64k | ▲ 290% |
| Tangible fixed assets22/27 | €9k | €11k | €12k | €14k | €62k | ▲ 339% |
| Land and buildings22 | - | - | - | - | €39k | - |
| Plant, machinery and equipment23 | - | €7k | €5k | €4k | €3k | ▼ 16.4% |
| Furniture and vehicles24 | - | €4k | €7k | €4k | €20k | ▲ 409% |
| Other tangible fixed assets26 | - | - | - | €6k | - | - |
| Financial fixed assets28 | - | - | - | €2k | €2k | = |
| Current assets29/58 | €85k | €106k | €216k | €296k | €290k | ▼ 2.1% |
| Amounts receivable within one year40/41 | €85k | €46k | €135k | €296k | €290k | ▼ 2.1% |
| Trade receivables40 | - | €37k | €134k | €261k | €268k | ▲ 2.9% |
| Other amounts receivable41 | - | €10k | €718 | €35k | €22k | ▼ 38.4% |
| Cash at bank and in hand54/58 | - | €60k | €47k | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €35k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €116k | €228k | €313k | €354k | ▲ 13.4% |
| Equity10/15 | €50k | €50k | €61k | €75k | €78k | ▲ 3.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €13k | €26k | €13k | ▼ 52.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €11k | €25k | €11k | ▼ 56.1% |
| Profit (loss) carried forward14 | €42k | €42k | €42k | €42k | €59k | ▲ 39.4% |
| Amounts payable17/49 | €45k | €66k | €167k | €238k | €277k | ▲ 16.4% |
| Amounts payable after more than one year17 | - | - | - | €30k | €30k | = |
| Financial debts170/4 | - | - | - | €30k | €30k | = |
| Amounts payable within one year42/48 | €45k | €66k | €167k | €208k | €247k | ▲ 18.8% |
| Financial debts43 | - | - | €25k | €50k | €23k | ▼ 54.5% |
| Credit institutions430/8 | - | - | €25k | €50k | €23k | ▼ 54.5% |
| Trade debts44 | €19k | €42k | €131k | €143k | €182k | ▲ 27.8% |
| Suppliers440/4 | - | €42k | €131k | €143k | €182k | ▲ 27.8% |
| Taxes, remuneration and social security45 | - | €2k | €7k | €15k | €2k | ▼ 88.8% |
| Taxes450/3 | - | €2k | €7k | €15k | €2k | ▼ 88.8% |
| Other amounts payable47/48 | - | €22k | €4k | - | €40k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-34 | €11k | €14k | €18k | ▲ 27.7% |
| + Depreciation and write-downs630 | €5k | €5k | €9k | €6k | €6k | ▲ 11.7% |
| Operating cash flow (approximation) | €12k | €5k | €20k | €20k | €24k | ▲ 23.0% |
| Investment in fixed assets (approximation) | - | €-6k | €-10k | €-11k | €-54k | ▼ 410% |
| Change in cash | - | - | €-13k | - | - | - |
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
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Highest result since 2018net €18k ▲27.7%
Operating result €25k, net result €18k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-34
Net result drops to €-34, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2015
Ground area
277 m²
Building footprint
61 m²
Volume, LiDAR
328 m³
Parcel 46013B0064/00C000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLEXICOVER
since 20152.244.215.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013B0064/00C000 | Flanders | 277 m² | 1 · 61 m² | 8.5 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.
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Of 304 companies in sector 82920 we hold annual accounts for 198. 108 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
Founded12-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82920Office administrative, office support and other business support activities
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.