NORMAL SITUATION

Flxion Development

Financial year 2023 · closed on 31/12/2023
Net result
-57 k €
+28.0% YoY
Gross margin
-5,3 k €
+80.5% YoY
Equity
-9,6 k €
-121.9% YoY

Company — Normal situation.

What does Flxion Development do?

Flxion Development is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0716.629.961
Legal form
Public limited company
Contributed capital
400 000,00 €
Latest accounts
31/12/2023
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202320222021
Income statement
Gross margin-5,3 k €-26,9 k €-47,5 k €
EBITDA-5,8 k €-27,4 k €-48,1 k €
Operating result-55,8 k €-77,4 k €-95,4 k €
Net result-57 k €-79,2 k €-98,6 k €
Balance sheet
Equity-9,6 k €44,1 k €123,3 k €
Total assets2,3 k €74,3 k €201,2 k €
Cash1,1 k €974,1 €1,5 k €
Debts12 k €26,9 k €74,6 k €
Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 7 ended

Active mandates

LAGAST

Managing director · since 18 décembre 2018 · until 21 mai 2024 · 0445.125.080

Represented by Jan LAGAST

Active

Ended mandates

BEMANO

Managing director · since 15 décembre 2020 · until 15 décembre 2026 · 0753.417.608

Represented by Ove De Backer

Ended
edel-advies

Director · since 17 mars 2020 · until 19 mai 2026 · 0724.597.918

Represented by Edwin Van Vlierberghe

Ended
edel-advies

Managing director · since 17 mars 2020 · until 19 mai 2026 · 0724.597.918

Represented by Edwin Van Vlierberghe

Ended
ESOFIN

Director · since 19 novembre 2019 · until 20 mai 2025 · 0429.963.089

Represented by Eric Bosman

Ended
Annual accounts

Full financial information

20232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202018/12/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months13 months
Filing date31/07/202402/08/202312/07/202216/06/202118/06/2020
General meeting21/05/202416/05/202317/05/202218/05/202119/05/2020
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202321/05/202431/07/2024DutchPDF
Micro model31/12/202216/05/202302/08/2023DutchPDF
Micro model31/12/202117/05/202212/07/2022DutchPDF
Micro model31/12/202018/05/202116/06/2021DutchPDF
Micro model31/12/201919/05/202018/06/2020DutchPDF
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 31/12/2023 · 1 active · 7 ended

Active mandates

LAGAST

Managing director · since 18 décembre 2018 · until 21 mai 2024 · 0445.125.080

Represented by Jan LAGAST

Active

Ended mandates

BEMANO

Managing director · since 15 décembre 2020 · until 15 décembre 2026 · 0753.417.608

Represented by Ove De Backer

Ended
edel-advies

Director · since 17 mars 2020 · until 19 mai 2026 · 0724.597.918

Represented by Edwin Van Vlierberghe

Ended
edel-advies

Managing director · since 17 mars 2020 · until 19 mai 2026 · 0724.597.918

Represented by Edwin Van Vlierberghe

Ended
ESOFIN

Director · since 19 novembre 2019 · until 20 mai 2025 · 0429.963.089

Represented by Eric Bosman

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023-57 k €
  2. 2022
    Annual accounts 2022-79,2 k €
  3. 2021
    Annual accounts 2021-98,6 k €