Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FLAX GHEKIERE from Ledegem, company number BE0425912746, closed financial year 2025 with a result of € 641,832 after tax. For that financial year FLAX GHEKIERE recorded a gross margin of € 1.4 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 2 million to € 641,832. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2025.
€ 1.2 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 641,832
▼ 68% vs 2024
Profit after tax over the fiscal year.
€ 366,053
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 427,669 paid out
67 % of the profit went to the shareholders, mostly to JUVILIN (100 % of the shares). That is where the money ends up.
People and assets in 2025
4
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 189,958
▲ 22% vs 2024
€ 47,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.5 million
▼ 7% vs 2024
Of which on lease € 2.4 million.
Debts at end 2025
€ 2.6 million
▼ 8% vs 2024
€ 237,677 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 542,733
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,376
▼ 43% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,249,664 | € 1,423,338 | € 2,686,646 | € 1,367,173 | ▼ 49% |
| Profit after taxes | € 874,833 | € 928,944 | € 2,004,905 | € 641,832 | ▼ 68% |
| Equity | € 704,832 | € 883,776 | € 1,032,825 | € 1,244,514 | ▲ 20% |
| Total debts | € 6,419,249 | € 5,440,554 | € 8,451,683 | € 3,601,878 | ▼ 57% |
| Cash | € 962,275 | € 80,349 | € 764,029 | € 366,053 | ▼ 52% |
| Retained profit | € 640,921 | € 819,864 | € 968,914 | € 1,180,603 | ▲ 22% |
| Dividend | € 415,000 | € 750,000 | € 1,854,000 | € 427,669 | ▼ 77% |
| Bank debt | € 3,404,522 | € 3,124,508 | € 2,845,290 | € 2,615,382 | ▼ 8% |
| Balance sheet total | € 7,124,081 | € 6,324,330 | € 9,484,508 | € 4,846,392 | ▼ 49% |
| Employees (FTE) | 2 | 2.2 | 3 | 4 | ▲ 1 |
Key figures of FLAX GHEKIERE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to FLAX GHEKIERE?
What happened at FLAX GHEKIERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Juvilin BV stepped down as director. NBB
- Semalin NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 641,832 (▼ 68% vs 2024). Source: NBB ↗
- Juvilin BV became a director. NBB
- Semalin NV became a director. NBB
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 874,833 profit in 2022 to € 641,832 profit in 2025.
Paid € 186,938 in corporate taxes since 2022.
Best year ever: 2024, with € 2 million profit.
On average € 341,800 of value added per employee in 2025.
A new publication or filing at FLAX GHEKIERE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of JUVILIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FLAX GHEKIEREThe shares are held by JUVILIN (100%).
Directors
According to the 2025 annual accounts
Director · represented by Matthias Ghekiere
since 2020 · until 2026
Director · represented by Geert Ghekiere
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Toor 2
8880 Ledegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLDIN-NL Your Hosting B.V. part of Your.Online, NL
Website info
Features
Security
Network
Details
- Company number
- 0425.912.746
- VAT number
- BE 0425.912.746
- Registered office
- Toor 2, 8880 Ledegem
- Names & denominations
- FLAX GHEKIERE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1984
- Peppol
- Active · Active since 23 Apr 2026
- Contact
- flaxghekiere.be
- Activities · NACE
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