FLEXUS GROUP
ActiveSummary
FLEXUS GROUP has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.99M and a net result of €487k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 1410 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80=
Solvency80▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 3.9 in 2023; short-term debt: 45% and cash: 4.1% of total assets), and 45.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2024Solvency, return and age of the figures
Solvency
54.6%
Return on assets
8.9%
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 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
30 d late
2022
53 d early
2021
31 d late
2020
90 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.99M▼ 26.6%
2023 · €4.07M
2018: €4.95M
2019: €5.24M
2020: €5.00M
2021: €5.21M
2022: €3.81M
2023: €4.07M
2018 → 2024
Total assets
€5.48M▲ 8.5%
2023 · €5.05M
2018: €5.13M
2019: €5.40M
2020: €5.59M
2021: €5.70M
2022: €4.55M
2023: €5.05M
2018 → 2024
Net result
€487k▲ 4.1%
2023 · €467k
2018: €1.57M
2019: €281k
2020: €219k
2021: €215k
2022: €958k
2023: €467k
2018 → 2024
Working capital
€1.75M▼ 36.4%
2023 · €2.76M
2018: €3.13M
2019: €3.55M
2020: €3.41M
2021: €3.72M
2022: €2.40M
2023: €2.76M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5.00M-€5.21M▲ 4.3%€3.81M▼ 26.9%€4.07M▲ 7.0%€2.99M▼ 26.6%
Operating result€326k-€328k▲ 0.8%€1.41M▲ 329%€682k▼ 51.6%€656k▼ 3.8%
Net result€219k-€215k▼ 1.9%€958k▲ 346%€467k▼ 51.2%€487k▲ 4.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.48M
Fixed assets
€1.26M ▼ 6.1%
Current assets
€4.21M ▲ 13.8%
Equity and liabilities €5.48M
Equity
€2.99M ▼ 26.6%
Provisions
€17k ▼ 8.3%
Debt
€2.47M ▲ 158%
Debt's share of the balance-sheet total rises from 19.0% to 45.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€792k▼
2023 · €803k
Cash flow
€622k▲
2023 · €588k
Current ratio
1.71▼
2023 · 3.90
Debt to equity
0.83▲
2023 · 0.24
ROE
16.3%▲
2023 · 11.5%
ROA
8.9%▼
2023 · 9.3%
Interest coverage
7.06▼
2023 · 21.52
Debt ≤ 1 year
€2.46M▲
2023 · €950k
Income taxes
€197k▼
2023 · €213k
Staff costs
€52k▲
2023 · €51k
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.05M€5.48M▲
Fixed assets21/28€1.35M€1.26M▼
Tangible fixed assets22/27€1.35M€1.26M▼
Land and buildings22€1.30M€1.23M▼
Plant, machinery and equipment23€33k€27k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€8€8=
Current assets29/58€3.71M€4.21M▲
Amounts receivable within one year40/41€236k€286k▲
Trade receivables40€236k€286k▲
Other amounts receivable41€0-
Current investments50/53€3.08M€3.69M▲
Cash at bank and in hand54/58€375k€222k▼
Deferred charges and accrued income490/1€16k€18k▲
Equity and liabilities
Total equity and liabilities10/49€5.05M€5.48M▲
Equity10/15€4.07M€2.99M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€3.97M€2.89M▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€37k€34k▼
Distributable reserves133€3.93M€2.85M▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€19k€17k▼
Deferred taxes168€19k€17k▼
Amounts payable17/49€958k€2.47M▲
Amounts payable within one year42/48€950k€2.46M▲
Trade debts44€26k€54k▲
Suppliers440/4€26k€54k▲
Taxes, remuneration and social security45€190k€142k▼
Taxes450/3€184k€136k▼
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€734k€2.27M▲
Accrued charges and deferred income492/3€8k€7k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€51k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€136k▲
Other operating charges640/8€25k€27k▲
Gross operating margin9900€880k€872k▼
Operating profit (loss)9901€682k€656k▼
Financial income75/76B€34k€137k▲
Recurring financial income75€34k€137k▲
Financial charges65/66B€37k€112k▲
Recurring financial charges65€37k€112k▲
Profit (loss) for the period before taxes9903€679k€681k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€213k€197k▼
Profit (loss) for the period9904€467k€487k▲
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€470k€490k▲
Appropriation of the result
Profit (loss) to be appropriated9906€470k€490k▲
Transfer from equity791/2€202k€1.57M▲
Transfer to equity691/2€470k€490k▲
To other reserves6921€470k€490k▲
Profit to be distributed694/7€202k€1.57M▲
Return on contributions (dividend)694€202k€1.57M▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €215k ▼1.9%
Net result drops to €215k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €5MEq €5.21M ▲4.3%
4 profitable years in a row build equity to €5.21M.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Equity above €5MEq €5.24M ▲5.7%
2 profitable years in a row build equity to €5.24M.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Gent · 1 establishment unit since 2001
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.
Koopvaardijlaan 259000 GentGround area
294 m²
Building footprint
236 m²
Volume, LiDAR
3,190 m³
Parcel 44807G0728/02R013, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FLEXUS
since 20012.064.197.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0728/02R013 | Flanders | 294 m² | 1 · 236 m² | 18.2 m · 5 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.
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Direct Operations
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 746 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 formPublic limited company
Founded05-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:invoicing@flexus.be