Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
FLEXLINK SYSTEMS from Leuven, company number BE0473907950, closed financial year 2025 with a result of € -105,039 after tax. For that financial year FLEXLINK SYSTEMS recorded a gross margin of € 452,710 and equity of € 244,954. Compared with financial year 2024, the result moved from € -202,158 to € -105,039. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 244,954
▲ € 394,961 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -105,039
▲ 48 % less loss than in 2024
Profit after tax over the fiscal year.
€ 466,921
▲ 206% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -317,046.
People and assets in 2025
4.9
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 579,672
▼ 12% vs 2024
€ 118,300 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.
€ 4,796
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 307,707
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 130,859
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 4,744,619 | € 2,300,708 | - | |
| Gross margin | € 700,846 | € -835,875 | € 441,852 | € 452,710 | ▲ 2% |
| Profit after taxes | € -582,564 | € -545,912 | € -202,158 | € -105,039 | ▲ € 97,118 |
| Equity | € 598,064 | € 52,152 | € -150,006 | € 244,954 | ▲ € 394,961 |
| Total debts | € 3,669,104 | € 1,642,910 | € 562,084 | € 972,930 | ▲ 73% |
| Cash | € 2,003,600 | € 985,581 | € 152,630 | € 466,921 | ▲ 206% |
| Retained profit | € 536,064 | € -9,848 | € -212,006 | € -317,046 | ▼ € 105,039 |
| Balance sheet total | € 4,267,168 | € 1,695,062 | € 440,591 | € 1,218,321 | ▲ 177% |
| Employees (FTE) | 4.9 | 3.9 | 7.1 | 4.9 | ▼ 2.2 |
Key figures of FLEXLINK SYSTEMS, 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 July 2027.
What happened to FLEXLINK SYSTEMS?
What happened at FLEXLINK SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luigi Russo stepped down as director. NBB
- Hans Vos stepped down as director. NBB
- Giovanni Marini stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 105,039. Source: NBB ↗
- Luigi Russo became a director. NBB
- Hans Vos became a director. NBB
- Giovanni Marini became a director. NBB
- New establishment in Leuven. KBO
In short
From € 582,564 loss in 2022 to € 105,039 loss in 2025.
Paid € 1,382 in corporate taxes since 2022.
On average € 92,400 of value added per employee in 2025.
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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 shares are held by Flexlink Systems B.V. (100%) and Flexlink A.B. (0.1%).
Directors
According to the 2025 annual accounts
Luigi Russo
Director
since 2025 · until 2031
Hans Vos
Director
since 2025 · until 2031
Giovanni Marini
Director
since 2025 · until 2031
Shareholders
Flexlink Systems B.V.
100%
Flexlink A.B.
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ambachtenlaan 21-3B
3001 Leuven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.907.950
- VAT number
- BE 0473.907.950
- Registered office
- Ambachtenlaan 21-3B, 3001 Leuven
- Names & denominations
- FLEXLINK SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2001
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Vervaardiging van hijs-, hef- en transportwerktuigen
Groothandel in gereedschapswerktuigen