Flexstil
ActiveSummary
The annual accounts of Flexstil for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-6k. Equity is shrinking by ~52.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 14079 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+3
Solvency26▼-5
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 8.39 against 0.08 in 2024; short-term debt: 5.6% and cash: 34.5% of total assets), but 99.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
81 d early
2024
15 d early
2023
99 d early
2022
49 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
€3k▼ 62.0%
2024 · €9k
2022: €22k
2023: €13k
2024: €9k
2022 → 2025
Total assets
€584k▲ 308%
2024 · €143k
2022: €27k
2023: €145k
2024: €143k
2022 → 2025
Net result
€-6k▼ 24.3%
2024 · €-4k
2022: €17k
2023: €-8k
2024: €-4k
2022 → 2025
Working capital
€244k
2024 · €-6k
2022: €22k
2023: €-6k
2024: €-6k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€22k-€13k▼ 38.6%€9k▼ 33.3%€3k▼ 62.0%
Operating result€21k-€-8k€-4k▲ 48.4%€-5k▼ 25.8%
Net result€17k-€-8k€-4k▲ 47.2%€-6k▼ 24.3%
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 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €584k
Fixed assets
€308k ▲ 116%
Current assets
€277k ▲ 55,890%
Equity and liabilities €584k
Equity
€3k ▼ 62.0%
Debt
€581k ▲ 333%
Debt's share of the balance-sheet total rises from 93.7% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-3k
Cash flow
€-2k▲
2024 · €-3k
Current ratio
8.39▲
2024 · 0.08
Quick ratio
6.15▲
2024 · 0.08
ROE
-163.1%▼
2024 · -49.9%
ROA
-1.0%▲
2024 · -3.1%
Interest coverage
-10.47▲
2024 · -14.53
Debt ≤ 1 year
€33k▲
2024 · €6k
Debt > 1 year
€548k▲
2024 · €128k
A ratio outside any meaningful range has been withheld (balance sheet total €584k, equity €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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€143k€584k▲
Fixed assets21/28€143k€308k▲
Tangible fixed assets22/27€143k€306k▲
Land and buildings22€143k€306k▲
Financial fixed assets28-€1k
Current assets29/58€494€277k▲
Stocks and contracts in progress3-€74k
Stocks30/36-€74k
Amounts receivable within one year40/41-€597
Other amounts receivable41-€597
Cash at bank and in hand54/58€494€202k▲
Equity and liabilities
Total equity and liabilities10/49€143k€584k▲
Equity10/15€9k€3k▼
Contributions10/11€5k€5k=
Reserves13€4k€0▼
Distributable reserves133€4k€0▼
Profit (loss) carried forward14-€-2k
Amounts payable17/49€134k€581k▲
Amounts payable after more than one year17€128k€548k▲
Financial debts170/4€128k€548k▲
Amounts payable within one year42/48€6k€33k▲
Trade debts44€0€26k▲
Suppliers440/4€0€26k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€6k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€1k€520▼
Gross operating margin9900€-1k€-1k▼
Operating profit (loss)9901€-4k€-5k▼
Financial income75/76B-€18
Recurring financial income75-€18
Financial charges65/66B€180€180=
Recurring financial charges65€180€180=
Profit (loss) for the period before taxes9903€-4k€-6k▼
Profit (loss) for the period9904€-4k€-6k▼
Profit (loss) for the period to be appropriated9905€-4k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-6k▼
Transfer from equity791/2€4k€4k▼
The notes to these accounts (10 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 107current ratio 8.39
Current ratio from 0.08 to 8.39.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-8k ▼150%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nijlen · 1 establishment unit since 2021
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.
Beenderstraat 1112560 NijlenGround area
661 m²
Building footprint
196 m²
Volume, LiDAR
930 m³
Parcel 12026B0288/00X000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flexstil
since 20212.325.326.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026B0288/00X000 | Flanders | 661 m² | 1 · 196 m² | 7.7 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
Ardennor
BE 0746.517.047
Lievegem · Eq €3,414
NEW VILLAGE PARK
BE 0465.151.919
Deinze · Eq €3,408
JKS
BE 0713.883.673
Bree · Eq €3,463
MATMAU INVEST
BE 0758.912.657
Chapelle-lez-Herlaimont · Eq €3,356
EVER ESTATE
BE 0775.610.416
Sint-Pieters-Woluwe · Eq €3,337
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,058 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
Founded17-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.