ACTIVE

Flex IT

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Financial year 2024 · closed on 31/12/2024

Net result

133 k €

-39.1% YoY

Gross margin

585 k €

-15.0% YoY

Equity

1,9 M €

+7.6% YoY

Workforce

4,2 ETP

+4100.0% YoY

What does Flex IT do?

Flex IT is a Private limited company incorporated in 2010. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Mechelen. It employs on average 4,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0826.084.563

Incorporation

21/05/2010

Legal form

Private limited company

Registered office

Motstraat 30
2800 Mechelen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2024

Average workforce

4,2 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities

Joint committees (3)

112
14901
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	585 k €	-15.0%	688,5 k €	+31.4%	523,9 k €	-31.8%	768,3 k €	-24.6%	1 M €	+23.4%	825,4 k €	+13.5%	727,2 k €	-68.9%	2,3 M €	+59.1%	1,5 M €		–		835,2 k €	+72.0%	485,5 k €	+0.6%	482,7 k €	+54.9%	311,7 k €	+18417%	-1,7 k €
EBITDA	188 k €	-24.7%	249,5 k €	+35.1%	184,7 k €	+12.9%	163,6 k €	-13.4%	188,9 k €	+69.0%	111,7 k €	+59.8%	69,9 k €	-91.6%	829,3 k €	+823%	89,8 k €	-71.6%	316 k €	+113%	148,2 k €	+36.8%	108,3 k €	+13.7%	95,3 k €	+5.1%	90,6 k €	+4502%	-2,1 k €
Operating result	188 k €	-24.7%	249,5 k €	+36.1%	183,3 k €	+13.1%	162,1 k €	-11.3%	182,8 k €	+73.0%	105,6 k €	+75.1%	60,3 k €	-92.6%	819,2 k €	+953%	77,8 k €	-74.8%	308,7 k €	+115%	143,4 k €	+37.2%	104,5 k €	+15.6%	90,4 k €	-0.1%	90,5 k €	+2473%	-3,8 k €
Net result	133 k €	-39.1%	218,5 k €	+39.7%	156,4 k €	+35.6%	115,3 k €	-11.7%	130,5 k €	+101%	64,9 k €	+82.6%	35,5 k €	-93.1%	516,2 k €	+1113%	42,5 k €	-80.2%	215,3 k €	+189%	74,4 k €	+10.9%	67,1 k €	+53.4%	43,8 k €	-17.9%	53,3 k €	+1435%	-4 k €
Balance sheet
Equity	1,9 M €	+7.6%	1,7 M €	+14.4%	1,5 M €	+11.5%	1,4 M €	+9.2%	1,2 M €	+10.7%	1,1 M €	+6.1%	1,1 M €	+3.5%	1 M €	+101%	510,9 k €	+9.1%	468,4 k €	+85.1%	253,1 k €	+41.6%	178,7 k €	+60.1%	111,6 k €	+64.5%	67,8 k €	+366%	14,6 k €
Total assets	2,5 M €	+30.2%	1,9 M €	+20.3%	1,6 M €	+11.3%	1,4 M €	-0.9%	1,5 M €	+13.6%	1,3 M €	-30.4%	1,8 M €	-46.8%	3,5 M €	+29.6%	2,7 M €	-2.1%	2,7 M €	+211%	879,6 k €	+108%	423,8 k €	-63.6%	1,2 M €	+368%	248,7 k €	+254%	70,3 k €
Cash	50 k €	0.0%	50 k €	0.0%	50 k €	0.0%	50 k €	0.0%	50 k €	0.0%	50 k €	0.0%	50 k €	0.0%	50 k €	+23.8%	40,4 k €	-6.2%	43 k €	-53.4%	92,4 k €	+63.3%	56,6 k €	-51.1%	115,8 k €	+223%	35,8 k €	-40.2%	59,9 k €
Debts	644,3 k €	+228%	196,7 k €	+122%	88,6 k €	+8.1%	81,9 k €	-61.0%	210,2 k €	+34.4%	156,4 k €	-80.0%	782 k €	-68.0%	2,4 M €	+12.7%	2,2 M €	-4.5%	2,3 M €	+262%	626,5 k €	+158%	242,5 k €	-77.0%	1,1 M €	+482%	180,9 k €	+224%	55,7 k €
Other
Workforce	4,2 ETP	+4100%	0,1 ETP	-97.0%	3,3 ETP	-47.6%	6,3 ETP	-24.1%	8,3 ETP	+2.5%	8,1 ETP	+11.0%	7,3 ETP	-65.6%	21,2 ETP	+7.1%	19,8 ETP	+17.2%	16,9 ETP	+64.1%	10,3 ETP	+63.5%	6,3 ETP	-4.5%	6,6 ETP	+53.5%	4,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 15 ended

Active mandates

Angelo Bul

Director · since 03 avril 2025

Active

Ended mandates

Harald Karl Werner

Manager · since 08 mai 2019

Ended

Stephan Deksen

Manager · since 23 octobre 2018

Ended

Mirjam Roos

Manager · since 01 septembre 2015

Ended

Johannes Kool

Manager · since 17 mai 2011

Ended

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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	26/09/2025	10/10/2024	31/08/2023	31/08/2022	31/08/2021	29/07/2020
General meeting	20/05/2025	30/06/2024	16/05/2023	17/05/2022	18/06/2021	19/05/2020
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	20/05/2025	26/09/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	10/10/2024	Dutch	PDF
Abridged model	31/12/2022	16/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	19/05/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	22/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/05/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	25/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	17/10/2014	10/12/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	29/07/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 15 ended

Active mandates

Angelo Bul

Director · since 03 avril 2025

Active

Ended mandates

Harald Karl Werner

Manager · since 08 mai 2019

Ended

Stephan Deksen

Manager · since 23 octobre 2018

Ended

Mirjam Roos

Manager · since 01 septembre 2015

Ended

Johannes Kool

Manager · since 17 mai 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other23/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING
PDF
Mandates03/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2016
ONTSLAGEN - BENOEMINGEN - DIVERSEN
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 2024133 k €↓
2023
Annual accounts 2023218,5 k €↑
2022
Annual accounts 2022156,4 k €↑
2021
Annual accounts 2021115,3 k €↓
2020
Annual accounts 2020130,5 k €↑
2019
Annual accounts 201964,9 k €↑
2018
Annual accounts 201835,5 k €↓
2017
Annual accounts 2017516,2 k €↑
2016
Annual accounts 201642,5 k €↓
2015
Annual accounts 2015215,3 k €↑
2014
Annual accounts 201474,4 k €↑
2013
Annual accounts 201367,1 k €↑
2012
Annual accounts 201243,8 k €↓
2011
Annual accounts 201153,3 k €↑
2010
Annual accounts 2010-4 k €
21/05/2010
IncorporationPrivate 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

Flex IT

Overview

What does Flex IT do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

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