NORMAL SITUATION

FLEXUS

Export PDF

Financial year 2025 · closed on 12/12/2025

Net result

-206,6 k €

+42.9% YoY

Gross margin

1,1 M €

+88.8% YoY

Equity

0 €

-100.0% YoY

Workforce

5,4 ETP

-42.6% YoY

Company — Normal situation.

What does FLEXUS do?

FLEXUS is a company registered in Belgium. It employs on average 5,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.757.572

Legal form

Public limited company

Contributed capital

578 000,00 €

Latest accounts

12/12/2025

Average workforce

5,4 ETP

Joint committees (3)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	+88.8%	566,1 k €	-3.7%	587,8 k €		–		–		–		–		–		452,3 k €	-16.6%	542,5 k €	+14.2%	475,2 k €	-8.7%	520,3 k €	-6.2%	554,9 k €	+41.2%	393,1 k €	+109%	188,2 k €	+87.1%	100,5 k €	-29.2%	141,9 k €	+2.6%	138,4 k €	-32.1%	203,8 k €	+30.3%	156,4 k €
EBITDA	-203,4 k €	+35.2%	-313,8 k €	-11.1%	-282,5 k €	-149%	580,8 k €	-44.3%	1 M €	+54.9%	673,4 k €	+153%	266,7 k €	-71.9%	947,6 k €	+231%	286,5 k €	-25.8%	386,3 k €	+11.1%	347,8 k €	-5.8%	369,4 k €	-11.6%	417,8 k €	+59.5%	262 k €	+192%	89,8 k €	+363%	19,4 k €	-67.7%	60 k €	-11.6%	67,9 k €	-52.2%	142,3 k €	+42.0%	100,2 k €
Operating result	-203,4 k €	+42.3%	-352,5 k €	-10.6%	-318,7 k €	-159%	542,2 k €	-46.3%	1 M €	+59.4%	633,6 k €	+212%	202,9 k €	-76.8%	875,8 k €	+212%	280,9 k €	-26.2%	380,5 k €	+11.2%	342,1 k €	-7.2%	368,8 k €	-11.6%	417 k €	+59.6%	261,3 k €	+195%	88,7 k €	+357%	19,4 k €	-67.7%	60 k €	-11.6%	67,9 k €	-52.2%	142,3 k €	+42.0%	100,2 k €
Net result	-206,6 k €	+42.9%	-361,5 k €	-14.0%	-317,2 k €	-180%	394,7 k €	-47.0%	744,5 k €	+59.8%	465,8 k €	+243%	135,8 k €	-78.3%	625,8 k €	+219%	196,3 k €	-23.8%	257,8 k €	+8.8%	236,9 k €	-10.5%	264,7 k €	-9.2%	291,6 k €	+53.3%	190,2 k €	+142%	78,5 k €	+176%	28,5 k €	-49.3%	56,2 k €	-20.9%	71,1 k €	-38.4%	115,4 k €	+41.2%	81,7 k €
Balance sheet
Equity	0 €	-100%	206,6 k €	+203%	68,1 k €	-82.3%	385,3 k €	+13.1%	340,6 k €	+15.0%	296,1 k €	+5.6%	280,3 k €	-88.5%	2,4 M €	+61.2%	1,5 M €	-27.1%	2,1 M €	+14.1%	1,8 M €	+14.9%	1,6 M €	+20.0%	1,3 M €	+20.2%	1,1 M €	+20.9%	908,9 k €	+9.5%	830,4 k €	+3.6%	801,9 k €	+7.5%	745,7 k €	+10.5%	674,6 k €	+20.6%	559,2 k €
Total assets	0 €	-100%	637,1 k €	-14.9%	748,6 k €	-53.3%	1,6 M €	-24.0%	2,1 M €	-1.2%	2,1 M €	+19.8%	1,8 M €	-38.4%	2,9 M €	+13.4%	2,5 M €	+12.7%	2,3 M €	+6.3%	2,1 M €	+18.5%	1,8 M €	+10.7%	1,6 M €	+17.4%	1,4 M €	-17.6%	1,7 M €	-4.1%	1,7 M €	+11.5%	1,6 M €	-13.5%	1,8 M €	+7.7%	1,7 M €	+53.5%	1,1 M €
Cash	0 €	-100%	133,8 €	-93.1%	1,9 k €	+133%	832,6 €	-70.1%	2,8 k €	-15.6%	3,3 k €	-99.1%	357,3 k €	-79.8%	1,8 M €	-24.3%	2,3 M €	+16.3%	2 M €	+5.5%	1,9 M €	+15.6%	1,6 M €	+23.5%	1,3 M €	+16.9%	1,1 M €	+22.3%	930,4 k €	-7.4%	1 M €	+27.1%	790,4 k €	+2.3%	772,6 k €	+20.3%	642,5 k €	+16.1%	553,2 k €
Debts	0 €	-100%	429,5 k €	-36.9%	680,6 k €	-44.1%	1,2 M €	-31.1%	1,8 M €	-3.8%	1,8 M €	+22.5%	1,5 M €	+308%	367,2 k €	-63.5%	1 M €	+541%	156,8 k €	-45.8%	289 k €	+54.8%	186,8 k €	-33.3%	280,2 k €	+10.1%	254,4 k €	-65.7%	742,2 k €	-18.1%	906,5 k €	+19.9%	755,9 k €	-28.2%	1,1 M €	+5.3%	1 M €	+88.8%	529,9 k €
Other
Workforce	5,4 ETP	-42.6%	9,4 ETP	-6.0%	10,0 ETP	-16.0%	11,9 ETP	-4.8%	12,5 ETP	+17.9%	10,6 ETP	+20.5%	8,8 ETP	+1.1%	8,7 ETP	+335%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+42.9%	1,4 ETP	+40.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 12/12/2025 · 3 active · 16 ended

Active mandates

CHRISTIAN VAN THILLO

Managing director · since 17 juin 2024 · until 12 décembre 2025

Active

CHRISTOPHE COVENT

Director · since 17 juin 2024 · until 12 décembre 2025

Active

PIET VROMAN

Director · since 17 juin 2024 · until 12 décembre 2025

Active

Ended mandates

CHRISTIAN VAN THILLO

Managing director · since 17 juin 2024 · until 17 juin 2030

Ended

CHRISTOPHE COVENT

Director · since 17 juin 2024 · until 17 juin 2030

Ended

PIET VROMAN

Director · since 17 juin 2024 · until 17 juin 2030

Ended

Christian VAN THILLO

Managing director · since 26 octobre 2018 · until 17 juin 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	12/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/01/2026	16/07/2025	30/08/2024	16/08/2023	30/08/2022	02/07/2021
General meeting	12/12/2025	23/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	12/12/2025	12/12/2025	08/01/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	19/06/2023	16/08/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	30/08/2022	Dutch	PDF
Full model	31/12/2020	21/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	07/09/2020	08/10/2020	Dutch	PDF
Full model	31/12/2018	17/06/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	18/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	21/06/2007	Dutch	PDF
Abridged model	31/12/2005	19/06/2006	28/06/2006	Dutch	PDF
Abridged model	31/12/2004	20/06/2005	24/06/2005	Dutch	PDF
Abridged model	31/12/2003	21/06/2004	24/06/2004	Dutch	PDF
Abridged model	31/12/2002	19/01/2004	30/01/2004	Dutch	PDF

Estimate

Indicative valuation

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 12/12/2025 · 3 active · 16 ended

Active mandates

CHRISTIAN VAN THILLO

Managing director · since 17 juin 2024 · until 12 décembre 2025

Active

CHRISTOPHE COVENT

Director · since 17 juin 2024 · until 12 décembre 2025

Active

PIET VROMAN

Director · since 17 juin 2024 · until 12 décembre 2025

Active

Ended mandates

CHRISTIAN VAN THILLO

Managing director · since 17 juin 2024 · until 17 juin 2030

Ended

CHRISTOPHE COVENT

Director · since 17 juin 2024 · until 17 juin 2030

Ended

PIET VROMAN

Director · since 17 juin 2024 · until 17 juin 2030

Ended

Christian VAN THILLO

Managing director · since 26 octobre 2018 · until 17 juin 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-206,6 k €↑
2025
Name changeFLEXUS in vereffening
2024
Annual accounts 2024-361,5 k €↓
2023
Annual accounts 2023-317,2 k €↓
2022
Annual accounts 2022394,7 k €↓
2021
Annual accounts 2021744,5 k €↑
2021
Name changeFLEXUS
2020
Annual accounts 2020465,8 k €↑
2019
Annual accounts 2019135,8 k €↓
2018
Annual accounts 2018625,8 k €↑
2017
Annual accounts 2017196,3 k €↓
2016
Annual accounts 2016257,8 k €↑
2015
Annual accounts 2015236,9 k €↓
2014
Annual accounts 2014264,7 k €↓
2013
Annual accounts 2013291,6 k €↑
2012
Annual accounts 2012190,2 k €↑
2011
Annual accounts 201178,5 k €↑
2010
Annual accounts 201028,5 k €↓
2009
Annual accounts 200956,2 k €↓
2008
Annual accounts 200871,1 k €↓
2007
Annual accounts 2007115,4 k €↑
2006
Annual accounts 200681,7 k €

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

Overview

What does FLEXUS do?

Trend over 20 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline