ACTIVE

FLEXCOR

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Financial year 2025 · closed on 31/12/2025

Net result

219,7 k €

+3.4% YoY

Gross margin

421,3 k €

-2.4% YoY

Equity

912,4 k €

+26.3% YoY

What does FLEXCOR do?

FLEXCOR is a Public limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Roeselare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.208.515

Incorporation

26/08/2002

Legal form

Public limited company

Registered office

Peter Benoitstraat 9
8800 Roeselare · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ 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	421,3 k €	-2.4%	431,8 k €	+56.9%	275,1 k €	+23.5%	222,7 k €	-14.1%	259,3 k €	+68.2%	154,1 k €	-11.0%	173,1 k €	+48.6%	116,5 k €	+35.9%	85,7 k €	-17.3%	103,7 k €	-40.6%	174,5 k €	+76.3%	99 k €	-10.6%	110,8 k €	-41.2%	188,5 k €	+19.4%	157,8 k €	+124%	70,4 k €	-20.4%	88,5 k €	+107%	42,8 k €	-77.1%	187 k €	+17.9%	158,6 k €
EBITDA	415,3 k €	-2.0%	423,6 k €	+57.3%	269,2 k €	+23.4%	218,1 k €	-14.0%	253,7 k €	+71.8%	147,7 k €	-12.1%	168 k €	+50.8%	111,4 k €	+38.6%	80,4 k €	-18.8%	99 k €	-41.3%	168,7 k €	+79.4%	94 k €	-11.4%	106,1 k €	-42.2%	183,7 k €	+20.0%	153,1 k €	+132%	66 k €	-21.5%	84,1 k €	+129%	36,7 k €	-80.0%	183,3 k €	+18.4%	154,9 k €
Operating result	356,2 k €	-2.3%	364,6 k €	+84.2%	198 k €	+34.2%	147,6 k €	-19.0%	182,1 k €	+131%	78,7 k €	-2.7%	80,8 k €	+124%	36,1 k €	+1302%	2,6 k €	-88.4%	22,1 k €	-76.1%	92,4 k €	+405%	18,3 k €	-60.0%	45,8 k €	-62.2%	121,3 k €	+53.2%	79,2 k €	+1088%	-8 k €	-136%	22,2 k €	+174%	-30,1 k €	-121%	146,4 k €	+7.9%	135,8 k €
Net result	219,7 k €	+3.4%	212,4 k €	+54.5%	137,5 k €	+34.0%	102,6 k €	-18.4%	125,8 k €	+142%	51,9 k €	-6.8%	55,7 k €	+145%	22,7 k €	+204%	-21,9 k €	-31.2%	-16,7 k €	-326%	-3,9 k €	+75.2%	-15,8 k €	-287%	8,5 k €	-83.6%	51,7 k €	+19.9%	43,1 k €	+200%	-43,1 k €	-2946%	-1,4 k €	+96.0%	-35,7 k €	-136%	99,1 k €	-1.7%	100,8 k €
Balance sheet
Equity	912,4 k €	+26.3%	722,7 k €	+35.6%	533,1 k €	+34.7%	395,6 k €	+35.0%	293 k €	+60.8%	182,2 k €	+39.9%	130,3 k €	+74.8%	74,5 k €	-81.0%	391,5 k €	-5.3%	413,4 k €	-3.9%	430,1 k €	-0.9%	434 k €	-3.5%	449,8 k €	-1.8%	458,2 k €	+12.7%	406,5 k €	+11.9%	363,3 k €	-10.6%	406,5 k €	-0.3%	407,9 k €	-8.1%	443,6 k €	+12.4%	394,6 k €
Total assets	1,4 M €	+10.2%	1,2 M €	+6.9%	1,2 M €	+6.9%	1,1 M €	-8.0%	1,2 M €	+6.2%	1,1 M €	-5.0%	1,2 M €	+4.2%	1,1 M €	-7.7%	1,2 M €	-3.8%	1,3 M €	-4.4%	1,3 M €	-7.6%	1,4 M €	-1.8%	1,5 M €	+3.0%	1,4 M €	-2.8%	1,5 M €	-2.5%	1,5 M €	+9.4%	1,4 M €	+45.6%	940,9 k €	+8.8%	864,8 k €	+23.9%	698,1 k €
Cash	433,1 k €	+16.1%	373,1 k €	+41.9%	263 k €	+145%	107,3 k €	-21.6%	136,9 k €	+39.1%	98,4 k €	+15.2%	85,5 k €	+3.6%	82,5 k €	-35.2%	127,3 k €	+29.6%	98,2 k €	+7.0%	91,8 k €	-36.2%	143,8 k €	-16.0%	171,2 k €	+109%	81,8 k €	+28.8%	63,5 k €	+279%	16,8 k €	+0.7%	16,6 k €	-55.0%	37 k €	-35.5%	57,4 k €	-22.2%	73,7 k €
Debts	461,1 k €	-11.9%	523,4 k €	-17.2%	632,3 k €	-9.0%	694,7 k €	-22.2%	892,6 k €	-4.5%	934,5 k €	-10.6%	1 M €	-0.8%	1,1 M €	+26.8%	830,7 k €	-3.1%	857 k €	-4.6%	898,4 k €	-10.5%	1 M €	-1.1%	1 M €	+5.3%	964,1 k €	-8.6%	1,1 M €	-7.1%	1,1 M €	+17.9%	963,9 k €	+83.6%	525 k €	+26.3%	415,7 k €	+39.5%	298,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Ann Goddeeris

Director · since 15 mai 2026 · until 15 mai 2032

Active

Frank Veranneman

Managing director · since 15 mai 2026 · until 15 mai 2032

Active

Ended mandates

Ann Goddeeris

Director · since 15 mai 2020 · until 15 mai 2026

Ended

Frank Veranneman

Managing director · since 15 mai 2020 · until 15 mai 2026

Ended

Ann Goddeeris

Director · since 16 mai 2014 · until 16 mai 2020

Ended

Frank Veranneman

Managing director · since 16 mai 2014 · until 16 mai 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/12/2025	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	26/06/2026	27/06/2025	28/06/2024	11/07/2023	15/07/2022	30/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	16/05/2025	27/06/2025	Dutch	PDF
Micro model	31/12/2023	17/05/2024	28/06/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	20/05/2022	15/07/2022	Dutch	PDF
Micro model	31/12/2020	21/05/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	15/05/2020	02/07/2020	Dutch	PDF
Micro model	31/12/2018	17/05/2019	25/06/2019	Dutch	PDF
Micro model	31/12/2017	18/05/2018	27/06/2018	Dutch	PDF
Micro model	31/12/2016	19/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	03/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/05/2009	07/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	01/08/2008	Dutch	PDF
Abridged model	31/12/2006	20/05/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 2 active · 10 ended

Active mandates

Ann Goddeeris

Director · since 15 mai 2026 · until 15 mai 2032

Active

Frank Veranneman

Managing director · since 15 mai 2026 · until 15 mai 2032

Active

Ended mandates

Ann Goddeeris

Director · since 15 mai 2020 · until 15 mai 2026

Ended

Frank Veranneman

Managing director · since 15 mai 2020 · until 15 mai 2026

Ended

Ann Goddeeris

Director · since 16 mai 2014 · until 16 mai 2020

Ended

Frank Veranneman

Managing director · since 16 mai 2014 · until 16 mai 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other13/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other02/09/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025219,7 k €↑
2024
Annual accounts 2024212,4 k €↑
2023
Annual accounts 2023137,5 k €↑
2022
Annual accounts 2022102,6 k €↓
2021
Annual accounts 2021125,8 k €↑
2020
Annual accounts 202051,9 k €↓
2019
Annual accounts 201955,7 k €↑
2018
Annual accounts 201822,7 k €↑
2017
Annual accounts 2017-21,9 k €↓
2016
Annual accounts 2016-16,7 k €↓
2015
Annual accounts 2015-3,9 k €↑
2014
Annual accounts 2014-15,8 k €↓
2013
Annual accounts 20138,5 k €↓
2012
Annual accounts 201251,7 k €↑
2011
Annual accounts 201143,1 k €↑
2010
Annual accounts 2010-43,1 k €↓
2009
Annual accounts 2009-1,4 k €↑
2008
Annual accounts 2008-35,7 k €↓
2007
Annual accounts 200799,1 k €↓
2006
Annual accounts 2006100,8 k €
26/08/2002
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

FLEXCOR

Overview

What does FLEXCOR do?

Trend over 20 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