ACTIVE

FlexDev

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Financial year 2025 · closed on 31/12/2025

Net result

9,1 k €

+68.6% YoY

Gross margin

26,6 k €

+6.7% YoY

Equity

93,1 k €

-19.7% YoY

What does FlexDev do?

FlexDev is a Private limited company incorporated in 2011. Its main activity is: Computer programming activities. Its registered office is in Saint-Georges-sur-Meuse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0833.043.126

Incorporation

21/01/2011

Legal form

Private limited company

Registered office

Rue de la Vallée 1
4470 Saint-Georges-sur-Meuse · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 62020Computer consultancy activities 62030Computer facilities management activities 62090Other information technology and computer service activities 62200Computer programming, consultancy and related activities+1

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	26,6 k €	+6.7%	24,9 k €	-26.6%	34,0 k €	+6.9%	31,8 k €	+69.8%	18,7 k €	-20.3%	23,5 k €	-22.1%	30,2 k €	-20.5%	38,0 k €	+34.9%	28,1 k €	+19.8%	23,5 k €	+15.6%	20,3 k €	-0.1%	20,4 k €	-19.7%	25,4 k €	-11.9%	28,8 k €	+29.1%	22,3 k €
EBITDA	26,4 k €	+21.3%	21,8 k €	-34.5%	33,2 k €	+6.2%	31,3 k €	+73.2%	18,1 k €	-20.6%	22,7 k €	-22.9%	29,5 k €	-19.7%	36,7 k €	+44.0%	25,5 k €	+12.0%	22,8 k €	+15.1%	19,8 k €	+20.8%	16,4 k €	-32.3%	24,2 k €	-13.7%	28,0 k €	+32.7%	21,1 k €
Operating result	12,9 k €	+57.5%	8,2 k €	-65.8%	24,0 k €	-14.9%	28,2 k €	+277%	7,5 k €	-45.0%	13,6 k €	-37.4%	21,7 k €	-25.6%	29,2 k €	+68.5%	17,3 k €	-0.5%	17,4 k €	+23.7%	14,1 k €	+28.2%	11,0 k €	-38.8%	17,9 k €	-18.9%	22,1 k €	+48.9%	14,9 k €
Net result	9,1 k €	+68.6%	5,4 k €	-69.4%	17,7 k €	-9.7%	19,6 k €	+401%	3,9 k €	-54.2%	8,5 k €	-40.6%	14,4 k €	-28.7%	20,1 k €	+92.9%	10,4 k €	-9.8%	11,6 k €	+23.6%	9,4 k €	+49.4%	6,3 k €	-51.1%	12,8 k €	-16.8%	15,4 k €	+53.5%	10,0 k €
Balance sheet
Equity	93,1 k €	-19.7%	116,0 k €	-7.7%	125,7 k €	+7.6%	116,8 k €	+9.2%	107,0 k €	-3.2%	110,6 k €	+1.9%	108,6 k €	+15.2%	94,2 k €	+19.1%	79,1 k €	+12.6%	70,2 k €	+16.6%	60,3 k €	+14.8%	52,5 k €	+13.6%	46,2 k €	+32.1%	35,0 k €	+65.2%	21,2 k €
Total assets	136,5 k €	+10.5%	123,6 k €	-10.2%	137,5 k €	+4.5%	131,6 k €	+13.5%	115,9 k €	-1.7%	117,9 k €	+4.7%	112,6 k €	+6.3%	106,0 k €	+22.5%	86,5 k €	+8.5%	79,7 k €	+13.4%	70,3 k €	+5.4%	66,7 k €	-0.3%	66,9 k €	+8.1%	61,9 k €	+18.5%	52,2 k €
Cash	74,9 k €	+53.8%	48,7 k €	-13.5%	56,2 k €	-41.3%	95,9 k €	+22.0%	78,6 k €	-8.2%	85,6 k €	+2.9%	83,2 k €	+48.6%	56,0 k €	+26.4%	44,3 k €	-26.1%	59,9 k €	+36.0%	44,1 k €	+19.2%	37,0 k €	+4.1%	35,5 k €	+36.7%	26,0 k €	+68.3%	15,4 k €
Debts	43,4 k €	+475%	7,5 k €	-36.2%	11,8 k €	-19.8%	14,8 k €	+66.0%	8,9 k €	+22.1%	7,3 k €	+80.3%	4,0 k €	-65.6%	11,8 k €	+58.7%	7,4 k €	-22.1%	9,5 k €	-5.3%	10,0 k €	-29.4%	14,2 k €	-31.3%	20,7 k €	-23.0%	26,9 k €	-13.3%	31,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

ADRIEN MAERTENS

Mandate

Active

Ended mandates

Adrien Maertens

Manager

Ended

ADRIEN MAERTENS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
BADMINTON CLUB NEUPRE● Active	0892.421.378

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	11/08/2026	23/08/2025	28/08/2024	28/08/2023	04/07/2022	26/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	11/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	23/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	28/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	28/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	04/07/2022	French	PDF
Micro model	31/12/2020	30/06/2021	26/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	22/07/2020	French	PDF
Micro model	31/12/2018	30/06/2019	05/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	10/08/2018	French	PDF
Abridged model	31/12/2016	23/06/2017	23/06/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	01/02/2013	07/02/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	05/06/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 2 ended

Active mandates

ADRIEN MAERTENS

Mandate

Active

Ended mandates

Adrien Maertens

Manager

Ended

ADRIEN MAERTENS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/04/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office12/12/2013
SIEGE SOCIAL
PDF
Other03/02/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20259,1 k €↑
2024
Annual accounts 20245,4 k €↓
2023
Annual accounts 202317,7 k €↓
2022
Annual accounts 202219,6 k €↑
2021
Annual accounts 20213,9 k €↓
2020
Annual accounts 20208,5 k €↓
2019
Annual accounts 201914,4 k €↓
2018
Annual accounts 201820,1 k €↑
2017
Annual accounts 201710,4 k €↓
2016
Annual accounts 201611,6 k €↑
2015
Annual accounts 20159,4 k €↑
2014
Annual accounts 20146,3 k €↓
2013
Annual accounts 201312,8 k €↓
2012
Annual accounts 201215,4 k €↑
2011
Annual accounts 201110,0 k €
21/01/2011
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

FlexDev

Overview

What does FlexDev 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