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 60 % of short-term debt in 2023; threshold 65 %.
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Busy address KBO
70 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Flex-C from Gent, company number BE0689537267, closed financial year 2023 with a result of € 18,614 after tax. For that financial year Flex-C recorded a gross margin of € 227,810 and equity of € 28,583. Compared with financial year 2022, the result moved from € -50,900 to € 18,614. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2024.
€ 28,583
▲ 187% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,614
▲ still € 50,900 loss in 2022
Profit after tax over the fiscal year.
€ 2,241
▼ 76% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -21,417.
People and assets in 2023
0
Average over the fiscal year, from the social balance sheet.
€ 172,376
▲ 4% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,360
▼ 80% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 191,522
▼ 11% vs 2022
Loans from banks and other lenders, long and short.
€ 204,753
▲ 14% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 67,333
▲ 47% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 214,717 | € 152,680 | € 227,810 | ▲ 49% |
| Profit after taxes | € -14,361 | € -50,900 | € 18,614 | ▲ € 69,515 |
| Equity | € 60,869 | € 9,969 | € 28,583 | ▲ 187% |
| Total debts | € 379,066 | € 489,447 | € 515,462 | ▲ 5% |
| Cash | € 21,418 | € 9,233 | € 2,241 | ▼ 76% |
| Retained profit | € 10,869 | € -40,031 | € -21,417 | ▲ € 18,614 |
| Bank debt | € 217,316 | € 216,033 | € 191,522 | ▼ 11% |
| Balance sheet total | € 439,935 | € 499,415 | € 544,045 | ▲ 9% |
Key figures of Flex-C, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Flex-C?
What happened at Flex-C in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Flex-C is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 18,614. filed late Source: NBB ↗
- Geert Louis De Rycke became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,361 loss in 2021 to € 18,614 profit in 2023.
Paid € 7,217 in corporate taxes since 2021.
Best year ever: 2023, with € 18,614 profit.
Management
Behind Flex-C is Geert Louis De Rycke.
Directors
According to the 2023 annual accounts
Geert Louis De Rycke
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Gaston Crommenlaan 8
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 70 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.537.267
- VAT number
- BE 0689.537.267
- Registered office
- Gaston Crommenlaan 8, 9050 Gent
- Names & denominations
- Flex-C
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 30 January 2018
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