ACTIVE

FLEXIBLE BUILDING SOLUTIONS

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Financial year 2025 · closed on 31/12/2025
Net result
-201,9 k €
-105.8% YoY
Gross margin
-105,3 k €
-114.4% YoY
Equity
4,6 M €
-4.2% YoY
Workforce
3,5 ETP

What does FLEXIBLE BUILDING SOLUTIONS do?

FLEXIBLE BUILDING SOLUTIONS is a Public limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Genk. It employs on average 3,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0870.701.494
Incorporation
21/12/2004
Legal form
Public limited company
Registered office
Bosdel 54
3600 Genk · FlandreSee on map
Contributed capital
86 500,00 €
Latest accounts
31/12/2025
Average workforce
3,5 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies93127Activities of sports clubs68100Buying and selling of own real estate68110Buying and selling of own real estate
Joint committees (1)
  • 144
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021201820172016201520142013201220112010200920082007
Income statement
Gross margin-105,3 k €732,7 k €-411,2 k €1,9 M €66,4 k €35,4 k €63,4 k €61,1 k €16,9 k €-15 k €133,3 k €2,8 k €-33,9 k €3,7 k €41,7 k €-34,3 k €17,9 k €
EBITDA-352,1 k €710,3 k €-532,1 k €513,1 k €24,9 k €33,2 k €61,6 k €59,3 k €14,9 k €-16,4 k €132,3 k €2,4 k €-35 k €3,2 k €35 k €-35,7 k €-158,2 k €
Operating result-465,1 k €648,4 k €-593,5 k €479,1 k €-1,5 k €12,5 k €34,6 k €29,6 k €-13,7 k €-29,9 k €124,3 k €2,3 k €-35,1 k €3,1 k €34 k €-36,5 k €-159,2 k €
Net result-201,9 k €3,5 M €270,6 k €958,1 k €-11,4 k €6 k €30,1 k €30 k €-18,5 k €-44,8 k €115,8 k €-102,7 €-40,9 k €-2,2 k €30,2 k €-32,6 k €-158,8 k €
Balance sheet
Equity4,6 M €4,8 M €1,3 M €983,9 k €25,9 k €6,8 k €788,1 €-29,4 k €-59,4 k €-40,9 k €3,9 k €-111,9 k €-111,8 k €-70,9 k €-68,8 k €-99 k €-66,3 k €
Total assets8,2 M €8 M €3,6 M €3,2 M €1,5 M €257,6 k €263,6 k €286,3 k €335,6 k €310,6 k €450,9 k €47,4 k €33,5 k €26,7 k €20,3 k €130,2 k €100,5 k €
Cash0 €27,1 k €4,6 k €144,7 €36,7 k €7,5 k €–––––11,5 k €–––––
Debts3,7 M €3,2 M €2,4 M €2,2 M €1,5 M €250,7 k €262,4 k €315,6 k €395 k €351,5 k €444,6 k €159,3 k €145,3 k €97,7 k €89,1 k €229,2 k €166,8 k €
Other
Workforce3,5 ETP0,0 ETP0,0 ETP–––––––––––––1,7 ETP
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 · 3 active · 27 ended

Active mandates

Erik Ryckalts

Managing director · since 30 juin 2022 · until 27 mars 2028

Active
Hubertus Spaepen

Director · since 30 juin 2022 · until 27 mars 2028

Active
Luc Ryckalts

Director · since 30 juin 2022 · until 27 mars 2028

Active

Ended mandates

Erik Ryckalts

Managing director · since 30 juin 2016 · until 28 mars 2022

Ended
Erik Ryckalts

Managing director · since 30 juin 2016 · until 30 juin 2022

Ended
Hubertus Paulus Spaepen

Director · since 30 juin 2016 · until 28 mars 2022

Ended
Hubertus Paulus Spaepen

Director · since 30 juin 2016 · until 30 juin 2022

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202617/07/202525/07/202426/07/202329/07/202212/05/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202215/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202623/07/2026DutchPDF
Abridged model31/12/202430/06/202517/07/2025DutchPDF
Abridged model31/12/202330/06/202425/07/2024DutchPDF
Abridged model31/12/202230/06/202326/07/2023DutchPDF
Abridged model31/12/202130/06/202229/07/2022DutchPDF
Abridged model31/12/202015/04/202112/05/2021DutchPDF
Abridged model31/12/201930/06/202029/07/2020DutchPDF
Abridged model31/12/201827/06/201927/06/2019DutchPDF
Abridged model31/12/201730/06/201802/07/2018DutchPDF
Abridged model31/12/201630/06/201714/07/2017DutchPDF
Abridged model31/12/201530/06/201619/07/2016DutchPDF
Abridged model31/12/201430/06/201530/07/2015DutchPDF
Abridged model31/12/201330/06/201408/07/2014DutchPDF
Abridged model31/12/201228/06/201325/07/2013DutchPDF
Abridged model31/12/201129/06/201225/07/2012DutchPDF
Abridged model31/12/201030/06/201125/07/2011DutchPDF
Abridged model31/12/200930/06/201028/07/2010DutchPDF
Abridged model31/12/200830/06/200928/07/2009DutchPDF
Abridged model31/12/200730/06/200828/07/2008DutchPDF
Abridged model30/09/200609/02/200707/03/2007DutchPDF
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 · 3 active · 27 ended

Active mandates

Erik Ryckalts

Managing director · since 30 juin 2022 · until 27 mars 2028

Active
Hubertus Spaepen

Director · since 30 juin 2022 · until 27 mars 2028

Active
Luc Ryckalts

Director · since 30 juin 2022 · until 27 mars 2028

Active

Ended mandates

Erik Ryckalts

Managing director · since 30 juin 2016 · until 28 mars 2022

Ended
Erik Ryckalts

Managing director · since 30 juin 2016 · until 30 juin 2022

Ended
Hubertus Paulus Spaepen

Director · since 30 juin 2016 · until 28 mars 2022

Ended
Hubertus Paulus Spaepen

Director · since 30 juin 2016 · until 30 juin 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL
    PDF
  • Mandates25/08/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/11/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/10/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares24/09/2007
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares05/01/2006
    BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares08/11/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-201,9 k €↓
  2. 2024
    Annual accounts 20243,5 M €↑
  3. 2023
    Annual accounts 2023270,6 k €↓
  4. 2022
    Annual accounts 2022958,1 k €↑
  5. 2021
    Annual accounts 2021-11,4 k €↓
  6. 2018
    Annual accounts 20186 k €↓
  7. 2017
    Annual accounts 201730,1 k €↑
  8. 2016
    Annual accounts 201630 k €↑
  9. 2015
    Annual accounts 2015-18,5 k €↑
  10. 2014
    Annual accounts 2014-44,8 k €↓
  11. 2013
    Annual accounts 2013115,8 k €↑
  12. 2012
    Annual accounts 2012-102,7 €↑
  13. 2011
    Annual accounts 2011-40,9 k €↓
  14. 2010
    Annual accounts 2010-2,2 k €↓
  15. 2009
    Annual accounts 200930,2 k €↑
  16. 2008
    Annual accounts 2008-32,6 k €↑
  17. 2007
    Annual accounts 2007-158,8 k €
  18. 21/12/2004
    IncorporationPublic limited company