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 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 334 days after the legal deadline.
Financials
Financial year 2024
Flax & Stitch from Jemeppe-sur-Sambre, company number BE0726504957, closed financial year 2024 with a result of € -53,688 after tax. For that financial year Flax & Stitch recorded a gross margin of € -15,822 and equity of € 120,291. Compared with financial year 2023, the result moved from € -8,650 to € -53,688. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 120,291
▼ 31% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,688
▼ 521 % more loss than in 2023
Profit after tax over the fiscal year.
€ 40,915
▼ 29% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 105,291.
People and assets in 2024
€ 1,339
▼ 47% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 335
Loans from banks and other lenders, long and short.
€ 13,769
▲ 166% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,148
▼ 55% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 90,223 | € 10,180 | € 26,879 | € -15,822 | ▼ € 42,701 |
| Profit after taxes | € 33,206 | € -19,458 | € -8,650 | € -53,688 | ▼ € 45,038 |
| Equity | € 202,087 | € 182,629 | € 173,979 | € 120,291 | ▼ 31% |
| Total debts | € 466,945 | € 274,282 | € 240,547 | € 237,274 | ▼ 1% |
| Cash | € 221,485 | € 61,851 | € 57,479 | € 40,915 | ▼ 29% |
| Retained profit | € 187,087 | € 167,629 | € 158,979 | € 105,291 | ▼ 34% |
| Bank debt | € 0 | € 0 | € 0 | € 335 | |
| Balance sheet total | € 669,032 | € 456,911 | € 414,526 | € 357,565 | ▼ 14% |
Key figures of Flax & Stitch, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Flax & Stitch?
What happened at Flax & Stitch in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 53,688. filed late Source: NBB ↗
- New establishment in Jemeppe-sur-Sambre. KBO
- Andrew Smathurst became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,206 profit in 2021 to € 53,688 loss in 2024.
Paid € 9,283 in corporate taxes since 2021.
Best year ever: 2021, with € 33,206 profit.
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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
Behind Flax & Stitch is Andrew Smathurst.
Directors
According to the 2024 annual accounts
Andrew Smathurst
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Chaussée de Charleroi 68
5190 Jemeppe-sur-Sambre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
OVH, FR
Domain
Domain
flaxandstitch.com
Registered
2012-05-06
Registrar
PDR Ltd. d/b/a PublicDomainRegistry.com
Expires
2027-05-06
Website info
Features
Security
Details
- Company number
- 0726.504.957
- VAT number
- BE 0726.504.957
- Registered office
- Chaussée de Charleroi 68, 5190 Jemeppe-sur-Sambre
- Names & denominations
- Flax & Stitch
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 2019
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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