ACTIVE

FLEXUS GROUP

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Financial year 2024 · closed on 31/12/2024

Net result

486,5 k €

+4.1% YoY

Gross margin

871,6 k €

-1.0% YoY

Equity

3 M €

-26.6% YoY

Workforce

1,0 ETP

0.0% YoY

What does FLEXUS GROUP do?

FLEXUS GROUP is a Public limited company incorporated in 1993. Its main activity is: Advertising agencies. Its registered office is in Gent. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.070.784

Incorporation

05/10/1993

Legal form

Public limited company

Registered office

Koopvaardijlaan 25
9000 Gent · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2024

Average workforce

1,0 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	871,6 k €	-1.0%	880,3 k €	-45.0%	1,6 M €	+172%	588 k €	+8.5%	541,8 k €	-14.0%	629,8 k €	+522%	101,3 k €	-91.7%	1,2 M €	-28.9%	1,7 M €	-5.6%	1,8 M €	+11.9%	1,6 M €	+4.9%	1,6 M €	-7.9%	1,7 M €	-4.8%	1,8 M €	+10.0%	1,6 M €	+16.1%	1,4 M €	-19.3%	1,7 M €	-2.5%	1,8 M €	+10.2%	1,6 M €
EBITDA	792,2 k €	-1.4%	803,5 k €	-47.3%	1,5 M €	+242%	445,6 k €	-4.2%	465,1 k €	-17.2%	561,9 k €	+1059%	48,5 k €	-90.1%	488,5 k €	-41.7%	837,7 k €	-20.1%	1 M €	+18.2%	887,1 k €	-2.6%	911 k €	-17.5%	1,1 M €	-11.3%	1,2 M €	+14.4%	1,1 M €	+38.9%	783,4 k €	-33.6%	1,2 M €	-2.7%	1,2 M €	+3.8%	1,2 M €
Operating result	656,5 k €	-3.8%	682,4 k €	-51.6%	1,4 M €	+329%	328,5 k €	+0.8%	326 k €	-14.9%	383 k €	+371%	-141,2 k €	-146%	306,9 k €	-54.1%	668,2 k €	-21.5%	851,5 k €	+27.6%	667,4 k €	-5.5%	706,3 k €	-22.5%	911,9 k €	-13.1%	1 M €	+18.4%	886,5 k €	+57.9%	561,4 k €	-42.0%	967,9 k €	+7.8%	897,5 k €	-9.0%	986,3 k €
Net result	486,5 k €	+4.1%	467,4 k €	-51.2%	958,1 k €	+346%	215 k €	-1.9%	219,2 k €	-21.9%	280,8 k €	-82.1%	1,6 M €	+717%	191,7 k €	-42.9%	335,4 k €	-37.2%	534,3 k €	+7.4%	497,5 k €	-61.0%	1,3 M €	+74.1%	732,7 k €	-4.8%	769,7 k €	+2.2%	753 k €	+52.2%	494,8 k €	-32.6%	734,5 k €	+10.1%	667,2 k €	-12.8%	765,5 k €
Balance sheet
Equity	3 M €	-26.6%	4,1 M €	+7.0%	3,8 M €	-26.9%	5,2 M €	+4.3%	5 M €	-4.5%	5,2 M €	+5.7%	5 M €	+34.2%	3,7 M €	-63.2%	10 M €	+3.4%	9,7 M €	+5.8%	9,2 M €	+5.7%	8,7 M €	+6.8%	8,1 M €	+9.9%	7,4 M €	+11.7%	6,6 M €	+12.9%	5,9 M €	+9.2%	5,4 M €	+16.2%	4,6 M €	+16.8%	4 M €
Total assets	5,5 M €	+8.5%	5,1 M €	+11.0%	4,6 M €	-20.2%	5,7 M €	+2.1%	5,6 M €	+3.5%	5,4 M €	+5.3%	5,1 M €	-52.9%	10,9 M €	+4.3%	10,4 M €	+2.0%	10,2 M €	+8.0%	9,5 M €	+0.5%	9,4 M €	+8.0%	8,7 M €	+12.4%	7,8 M €	+12.3%	6,9 M €	+12.2%	6,1 M €	+5.4%	5,8 M €	+14.1%	5,1 M €	+17.0%	4,4 M €
Cash	222 k €	-40.8%	374,9 k €	-80.1%	1,9 M €	-51.2%	3,9 M €	+4.8%	3,7 M €	+13.4%	3,3 M €	+8.0%	3 M €	-60.4%	7,6 M €	-2.7%	7,8 M €	+10.9%	7,1 M €	+9.0%	6,5 M €	+13.6%	5,7 M €	-6.3%	6,1 M €	+17.4%	5,2 M €	+24.0%	4,2 M €	+30.1%	3,2 M €	+38.4%	2,3 M €	+21.1%	1,9 M €	+31.4%	1,5 M €
Debts	2,5 M €	+159%	949,8 k €	+33.0%	713,8 k €	+58.3%	451 k €	-18.0%	549,8 k €	+321%	130,5 k €	-4.0%	135,9 k €	-98.1%	7 M €	+2270%	296,9 k €	-30.4%	426,7 k €	+93.6%	220,4 k €	-67.8%	683,7 k €	+25.5%	544,9 k €	+116%	252,4 k €	+5.2%	240 k €	+0.3%	239,2 k €	-42.3%	414,6 k €	-0.4%	416,3 k €	+14.4%	363,9 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-92.2%	10,3 ETP	-3.7%	10,7 ETP	-4.5%	11,2 ETP	+2.8%	10,9 ETP	+6.9%	10,2 ETP	+8.5%	9,4 ETP	+16.0%	8,1 ETP	-6.9%	8,7 ETP	-10.3%	9,7 ETP	+5.4%	9,2 ETP	-4.2%	9,6 ETP	+31.5%	7,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

DIRK LODEWYCKX

Director

Active

Ended mandates

DIRK LODEWYCKX

Managing director

Ended

MARIA DEGROEVE

Director · until 06 juillet 2022

Ended

MARIA DEGROEVE

Director

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	30/08/2024	08/06/2023	31/08/2022	29/10/2021	08/10/2020
General meeting	21/06/2025	19/06/2024	08/05/2023	20/06/2022	27/10/2021	07/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	21/06/2025	29/09/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	27/10/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	07/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/04/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	18/04/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/04/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	22/04/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/04/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/04/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/04/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/07/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

DIRK LODEWYCKX

Director

Active

Ended mandates

DIRK LODEWYCKX

Managing director

Ended

MARIA DEGROEVE

Director · until 06 juillet 2022

Ended

MARIA DEGROEVE

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/09/2018
BENAMING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring10/07/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares29/01/2018
KAPITAAL - AANDELEN
PDF
Mandates29/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/01/2014
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2005
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024486,5 k €↑
2023
Annual accounts 2023467,4 k €↓
2022
Annual accounts 2022958,1 k €↑
2021
Annual accounts 2021215 k €↓
2020
Annual accounts 2020219,2 k €↓
2019
Annual accounts 2019280,8 k €↓
2018
Annual accounts 20181,6 M €↑
2017
Annual accounts 2017191,7 k €↓
2016
Annual accounts 2016335,4 k €↓
2015
Annual accounts 2015534,3 k €↑
2014
Annual accounts 2014497,5 k €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 2012732,7 k €↓
2011
Annual accounts 2011769,7 k €↑
2010
Annual accounts 2010753 k €↑
2009
Annual accounts 2009494,8 k €↓
2008
Annual accounts 2008734,5 k €↑
2007
Annual accounts 2007667,2 k €↓
2006
Annual accounts 2006765,5 k €
05/10/1993
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FLEXUS GROUP

Overview

What does FLEXUS GROUP do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline