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 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FLEXUP from Fernelmont, company number BE0777965932, closed financial year 2025 with a result of € 37,970 after tax. For that financial year FLEXUP recorded revenue of € 344,283 and equity of € 693,015. Compared with financial year 2024, the result moved from € 108,619 to € 37,970. 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 September 19, 2026.
€ 693,015
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,970
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 34,968
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 493,015.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 28,398
▲ € 26,378 vs 2024
€ 28,400 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.
€ 10,655
▲ € 8,649 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▲ 33% vs 2024
€ 255,814 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 28,223
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 59,288
▼ 35% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 426,388 | € 470,565 | € 440,611 | € 344,283 | ▼ 22% |
| Gross margin | € 261,108 | € 293,490 | € 302,745 | € 231,218 | ▼ 24% |
| Profit after taxes | € 169,486 | € 176,940 | € 108,619 | € 37,970 | ▼ 65% |
| Equity | € 369,486 | € 546,426 | € 655,045 | € 693,015 | ▲ 6% |
| Total debts | € 2,933,067 | € 2,724,988 | € 2,459,388 | € 2,506,945 | ▲ 2% |
| Cash | € 201,967 | € 195,949 | € 61,872 | € 34,968 | ▼ 43% |
| Retained profit | € 169,486 | € 346,426 | € 455,045 | € 493,015 | ▲ 8% |
| Bank debt | € 2,024,968 | € 1,864,549 | € 1,678,622 | € 2,230,989 | ▲ 33% |
| Balance sheet total | € 3,302,553 | € 3,271,414 | € 3,114,433 | € 3,199,961 | ▲ 3% |
| Employees (FTE) | - | - | - | 1 |
Key figures of FLEXUP, 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 FLEXUP?
What happened at FLEXUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,970 (▼ 65% vs 2024). filed late Source: NBB ↗
- New establishment in Namur. KBO
- CHARLES DURLET became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 169,486 profit in 2022 to € 37,970 profit in 2025.
Paid € 227,191 in corporate taxes since 2022.
Best year ever: 2023, with € 176,940 profit.
On average € 231,200 of value added per employee in 2025.
Management
Behind FLEXUP is CHARLES DURLET. The shares are held by CHARLES DURLET (50%), MATHILDE STAELENS (50%) and ITM BELGIUM (0%). It owns 100% of NAMUR INTER itself.
Directors
According to the 2025 annual accounts
since 2021
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Grand-Chemin-Communal, March. 45
5380 Fernelmont
Rue de Gembloux(SS) 270
5002 Namur
Active since 10 January 2022
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.
Details
- Company number
- 0777.965.932
- VAT number
- BE 0777.965.932
- Registered office
- Grand-Chemin-Communal, March. 45, 5380 Fernelmont
- Names & denominations
- FLEXUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2021
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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