ACTIVE

FLEXCON

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Financial year 2025 · closed on 31/12/2025

Net result

327,4 k €

-69.2% YoY

Gross margin

186,7 k €

-9.1% YoY

Equity

3,4 M €

+1.9% YoY

What does FLEXCON do?

FLEXCON is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Beauvechain.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.788.938

Incorporation

19/10/2005

Legal form

Private limited company

Registered office

Rue du Petit Paradis,H.-M. 2
1320 Beauvechain · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68203Rental and operating of own or leased real estate+12

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	186,7 k €	-9.1%	205,5 k €	+29.9%	158,2 k €	+19.3%	132,6 k €	+18.4%	112 k €	-9.0%	123,1 k €	-10.1%	137 k €	+11.1%	123,3 k €	-6.4%	131,8 k €	-11.8%	149,4 k €	+11.6%	133,9 k €	+8.2%	123,8 k €	-14.8%	145,4 k €	+69.3%	85,9 k €	-30.3%	123,2 k €	+63.2%	75,5 k €	+57.1%	48,1 k €	-7.0%	51,7 k €	-13.8%	60 k €
EBITDA	186,3 k €	-8.7%	204,2 k €	+31.8%	154,9 k €	+17.6%	131,6 k €	+18.6%	111 k €	-9.1%	122,2 k €	-9.9%	135,6 k €	+12.1%	121 k €	-6.6%	129,6 k €	-11.6%	146,5 k €	+11.1%	131,9 k €	+8.2%	121,9 k €	-15.0%	143,4 k €	+69.1%	84,8 k €	-28.6%	118,9 k €	+58.9%	74,8 k €	+57.3%	47,5 k €	-7.3%	51,3 k €	-12.5%	58,6 k €
Operating result	182,7 k €	-9.0%	200,8 k €	+33.1%	150,9 k €	+20.8%	125 k €	+17.1%	106,7 k €	-9.7%	118,2 k €	-8.9%	129,6 k €	+13.6%	114,1 k €	-6.8%	122,4 k €	-10.3%	136,5 k €	+4.1%	131,1 k €	+8.1%	121,3 k €	-15.1%	142,8 k €	+70.8%	83,6 k €	-28.4%	116,9 k €	+82.2%	64,2 k €	+73.4%	37 k €	-8.3%	40,4 k €	+0.1%	40,3 k €
Net result	327,4 k €	-69.2%	1,1 M €	+133%	457,1 k €	+23.3%	370,7 k €	+393%	75,2 k €	-71.5%	264 k €	-13.0%	303,6 k €	+35.3%	224,3 k €	-0.3%	224,9 k €	+40.8%	159,7 k €	+5.4%	151,5 k €	+126%	67,1 k €	-93.1%	977,6 k €	+585%	142,7 k €	+24.9%	114,3 k €	+51.3%	75,5 k €	+61.5%	46,8 k €	-13.5%	54,1 k €	-79.8%	267,9 k €
Balance sheet
Equity	3,4 M €	+1.9%	3,4 M €	+28.9%	2,6 M €	+9.9%	2,4 M €	-1.2%	2,4 M €	-11.8%	2,7 M €	+10.6%	2,5 M €	+14.0%	2,2 M €	+11.5%	2 M €	+13.0%	1,7 M €	+10.2%	1,6 M €	+10.7%	1,4 M €	-1.4%	1,4 M €	+159%	553,5 k €	+2.5%	539,8 k €	+26.9%	425,5 k €	+13.5%	375 k €	+14.2%	328,2 k €	+19.7%	274,1 k €
Total assets	3,8 M €	-2.9%	3,9 M €	+38.5%	2,8 M €	+13.4%	2,5 M €	-4.7%	2,6 M €	-8.1%	2,8 M €	+8.0%	2,6 M €	+3.2%	2,5 M €	+5.5%	2,4 M €	+3.0%	2,3 M €	+4.2%	2,2 M €	-0.3%	2,2 M €	+29.0%	1,7 M €	+61.9%	1,1 M €	+7.1%	999,6 k €	+28.8%	776,4 k €	+5.2%	738,1 k €	-1.5%	749,5 k €	+1.6%	737,8 k €
Cash	215,8 k €	-38.2%	349,4 k €	-23.8%	458,8 k €	+1.2%	453,2 k €	-12.8%	519,5 k €	-25.9%	700,6 k €	+16.0%	603,8 k €	+481%	103,9 k €	+149%	41,7 k €	+33.1%	31,3 k €	+97.4%	15,9 k €	-42.6%	27,6 k €	+104%	13,6 k €	+13.0%	12 k €	+32.6%	9 k €	+3976%	222 €	-92.4%	2,9 k €		–		–
Debts	305,5 k €	-36.6%	482,1 k €	+189%	167,1 k €	+128%	73,3 k €	-55.3%	164,1 k €	+144%	67,3 k €	-44.9%	122,2 k €	-64.6%	345,1 k €	-21.4%	439,1 k €	-26.1%	594,3 k €	-10.2%	661,4 k €	-19.3%	819,7 k €	+176%	297,1 k €	-42.3%	515,3 k €	+12.0%	459,9 k €	+32.2%	347,9 k €	-3.4%	360,1 k €	-12.2%	410,1 k €	-11.5%	463,3 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 · 4 ended

Active mandates

Marijke Vandenbroucke

Director · since 01 octobre 2010

Active

Johan Blondeel

Director · since 12 octobre 2005

Active

Ended mandates

Marijke Vandenbroucke

Administrator - manager · since 01 octobre 2010

Ended

Marijke Vandenbroucke

Manager · since 01 octobre 2010

Ended

Johan BLONDEEL

Administrator - manager · since 12 octobre 2005

Ended

Johan BLONDEEL

Manager · since 12 octobre 2005

Ended

At this address

Other companies at this address

Company	CBE no.
Culham● Active	1017.267.407

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/06/2026	23/06/2025	25/06/2024	20/06/2023	24/06/2022	24/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	22/06/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	23/06/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	20/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	24/06/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	25/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	20/06/2018	French	PDF
Micro model	31/12/2016	16/06/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	23/06/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	22/06/2012	French	PDF
Abridged model	30/06/2010	07/01/2011	20/01/2011	French	PDF
Abridged model	30/06/2009	18/12/2009	22/12/2009	French	PDF
Abridged model	30/06/2008	19/12/2008	02/01/2009	French	PDF
Abridged model	30/06/2007	21/12/2007	21/12/2007	French	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 · 4 ended

Active mandates

Marijke Vandenbroucke

Director · since 01 octobre 2010

Active

Johan Blondeel

Director · since 12 octobre 2005

Active

Ended mandates

Marijke Vandenbroucke

Administrator - manager · since 01 octobre 2010

Ended

Marijke Vandenbroucke

Manager · since 01 octobre 2010

Ended

Johan BLONDEEL

Administrator - manager · since 12 octobre 2005

Ended

Johan BLONDEEL

Manager · since 12 octobre 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other27/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other26/07/2011
ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/01/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2006
DEMISSIONS, NOMINATIONS
PDF
Other28/10/2005
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 2025327,4 k €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023457,1 k €↑
2022
Annual accounts 2022370,7 k €↑
2021
Annual accounts 202175,2 k €↓
2020
Annual accounts 2020264 k €↓
2019
Annual accounts 2019303,6 k €↑
2018
Annual accounts 2018224,3 k €↓
2017
Annual accounts 2017224,9 k €↑
2016
Annual accounts 2016159,7 k €↑
2015
Annual accounts 2015151,5 k €↑
2014
Annual accounts 201467,1 k €↓
2013
Annual accounts 2013977,6 k €↑
2012
Annual accounts 2012142,7 k €↑
2011
Annual accounts 2011114,3 k €↑
2010
Annual accounts 201075,5 k €↑
2009
Annual accounts 200946,8 k €↓
2008
Annual accounts 200854,1 k €↓
2007
Annual accounts 2007267,9 k €
19/10/2005
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

FLEXCON

Overview

What does FLEXCON do?

Trend over 19 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