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FLEXMET

Active
Private limited companyfounded 2002active for 23 yearsRillaarsebaan 233, 3200 Aarschot, BelgiumKBO/BCE: BE 0479.031.332
Summary

The computed 12-month bankruptcy probability of FLEXMET is 2.9% (moderate). The 2024 annual accounts show equity of €111,763 and a net result of -€34,610. Equity is growing by about 9.2% per year across the filed financial years. Its solvency ranks better than 33% of 514 sector peers (NACE 28, financial year 2024). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28990Engineering and related technical consultancy, excluding land surveyors NACE 71121
1 site
Size
€344,360total assets 2024
Staff
0.4 FTE
Equity
€111,763
Loss
-€34,610
Turnover not published (micro format)
Financial health
49 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.9%
Structure
Accounts 71 days overdue
Why 49raises risk1 financial year not filed after the legal deadline; latest accounts 81 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 22-10-2025)Loss of €34,610 (financial year 2024)lowers riskFounded in 2002Show the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 28, micro)
Financial strength · tick = 2023
Weak
Solvency 57-7
equity 32.5% of total assets
Liquidity 18-8
short-term debt 64.0% · cash 1.3%
Profitability 6-44
return on assets -10.1%
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (978 companies, NACE 28, micro)
Last 24 months 11-2024: 8.2%highest value 12-2024: 0.8%▼ -7.4 percentage points vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025lowest value 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.4 percentage points vs 07-2025 09-2025: 1.5%▲ +0.2 percentage points vs 08-2025 10-2025: 2.0%▲ +0.5 percentage points vs 09-2025 11-2025: 2.2%▲ +0.2 percentage points vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.1%▼ -0.1 percentage points vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.0%▼ -0.1 percentage points vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.6 percentage points vs 07-2026 09-2026: 2.6%● unchanged vs 08-2026 10-2026: 2.9%▲ +0.3 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.28, compared with 1.34 in 2023; short-term debt: 64% and cash: 1.3% of total assets), and 67.5% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, micro): better than 36% on solvency, 12% on liquidity, 12% on profitability and 17% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2002
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 81 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 22-10-2025)
NBB · annual accounts
raises risk · Loss of €34,610 (financial year 2024)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
81 days late
2023
114 days late
2021
78 days late
2020
88 days late
2019
91 days late
2018
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 87 days after the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Weakest financial yearnet -€34,610
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Among the weakest 10% on net resultsector median €11,504 · 514 companies -€34,610 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Total assets 20246 financial years filed €344,360 View

By topic

Financials

Financial year
2024
Total assets
€344,360
Loss
-€34,610
Solvency
32.5%
Total assets▼ 8.1%
Net result
20182024
Go to Financials

Timeline

Events
23
Since
2004
  1. 17-10-2022Annual accounts filed
  2. 27-10-2021Annual accounts filed
  3. 31-12-2020Equity above €100,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28990
Founded
19-12-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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