NORMAL SITUATION

FLEXAM

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Financial year 2025 · closed on 29/12/2025

Net result

-47,9 k €

-81.3% YoY

Gross margin

-13,4 k €

+56.3% YoY

Equity

100 k €

-71.7% YoY

Company — Normal situation.

What does FLEXAM do?

FLEXAM is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.649.572

Legal form

Private company with limited liability

Contributed capital

100 000,00 €

Latest accounts

29/12/2025

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-13,4 k €	+56.3%	-30,6 k €	-41.6%	-21,6 k €	-170%	31 k €	+2.5%	30,2 k €	-74.4%	117,7 k €	+177%	42,5 k €	-66.0%	125,2 k €	-30.0%	178,9 k €	+24.1%	144,1 k €	-47.7%	275,4 k €	+61.0%	171,1 k €	+69.9%	100,7 k €	-33.0%	150,1 k €	+384%	-52,9 k €	-2950%	-1,7 k €	-1133%	-140,8 €	+71.9%	-500,8 €
EBITDA	-13,4 k €	+56.7%	-31 k €	-40.7%	-22 k €	-173%	30,3 k €	+12.0%	27,1 k €	-58.6%	65,4 k €	+710%	-10,7 k €	-113%	79,6 k €	-36.7%	125,7 k €	+34.1%	93,7 k €	-65.8%	274,2 k €	+61.5%	169,8 k €	+70.8%	99,4 k €	-32.5%	147,3 k €	+376%	-53,4 k €	-2031%	-2,5 k €	-940%	-240,8 €	+72.1%	-862,8 €
Operating result	-13,4 k €	+57.5%	-31,6 k €	-36.7%	-23,1 k €	-179%	29,3 k €	+11.0%	26,4 k €	-49.3%	52 k €	+240%	-37,1 k €	-170%	52,8 k €	-49.4%	104,5 k €	+11.6%	93,6 k €	-63.1%	253,8 k €	+69.5%	149,8 k €	+93.8%	77,3 k €	-38.8%	126,2 k €	+319%	-57,7 k €	-2202%	-2,5 k €	-940%	-240,8 €	+96.5%	-6,8 k €
Net result	-47,9 k €	-81.3%	-26,4 k €	-14.1%	-23,2 k €	-181%	28,5 k €	+3.0%	27,7 k €	+142%	-66,3 k €	-106%	-32,2 k €	-258%	20,4 k €	-59.1%	49,8 k €	+533%	-11,5 k €	-108%	146,4 k €	+53.4%	95,5 k €	+131%	41,3 k €	-58.3%	99 k €	+274%	-56,8 k €	-2158%	-2,5 k €	-3711%	-66 €	+99.0%	-6,6 k €
Balance sheet
Equity	100 k €	-71.7%	353 k €	-7.0%	379,5 k €	-5.8%	402,6 k €	+7.6%	374,1 k €	+0.5%	372,4 k €	-15.1%	438,7 k €	-6.8%	470,9 k €	+4.5%	450,5 k €	+12.4%	400,7 k €	-2.8%	412,2 k €	+53.9%	267,8 k €	+53.6%	174,3 k €	+31.1%	133 k €	+291%	34 k €	+261%	9,4 k €	-21.1%	11,9 k €	-0.6%	12 k €
Total assets	305,1 k €	-15.2%	359,7 k €	-12.2%	409,9 k €	-5.3%	432,6 k €	+3.6%	417,6 k €	+3.5%	403,4 k €	-36.9%	639 k €	-16.3%	763,5 k €	-3.3%	789,2 k €	+81.1%	435,7 k €	-57.6%	1 M €	+31.8%	780 k €	+18.5%	658 k €	-9.3%	725,2 k €	+429%	137 k €	+1088%	11,5 k €	-8.9%	12,7 k €	+1.4%	12,5 k €
Cash	295,1 k €	+20.4%	245,2 k €	+732%	29,5 k €	-91.8%	358,6 k €	-0.8%	361,5 k €	+29.1%	280,1 k €	+7.3%	261 k €	+17.7%	221,7 k €	+40.4%	157,9 k €	-13.3%	182 k €	-63.5%	499,3 k €	+119%	228,3 k €	+72.8%	132,1 k €	+61.5%	81,8 k €	-24.7%	108,6 k €	+935%	10,5 k €	+73.5%	6,1 k €	-51.4%	12,5 k €
Debts	205,1 k €	+2954%	6,7 k €	-77.9%	30,4 k €	+1.4%	30 k €	-31.1%	43,5 k €	+40.3%	31 k €	-84.5%	200,3 k €	-30.8%	289,3 k €	-13.9%	335,9 k €	+1184%	26,2 k €	-95.7%	609,5 k €	+21.2%	502,8 k €	+5.5%	476,6 k €	-17.7%	579,3 k €	+465%	102,6 k €	+5061%	2 k €	+1887%	100 €		–
Other
Workforce	–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 29/12/2025 · 2 active · 3 ended

Active mandates

Albane de Sigy

Director · since 14 juillet 2022

Active

Stanislas Cromback

Director · since 14 juillet 2022

Active

Ended mandates

Stéphan CROMBACK

Director · since 28 février 2007

Ended

Stéphan Cromback

Director

Ended

Stéphan Cromback

Manager

Ended

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	29/12/2025	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	20/05/2026	27/08/2025	30/09/2024	30/08/2023	29/08/2022	31/08/2021
General meeting	29/12/2025	05/08/2025	23/09/2024	12/06/2023	20/07/2022	04/05/2021
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
Micro model	29/12/2025	29/12/2025	20/05/2026	French	PDF
Micro model	31/12/2024	05/08/2025	27/08/2025	French	PDF
Micro model	31/12/2023	23/09/2024	30/09/2024	French	PDF
Micro model	31/12/2022	12/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	20/07/2022	29/08/2022	French	PDF
Micro model	31/12/2020	04/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	04/05/2020	23/10/2020	French	PDF
Abridged model	31/12/2018	04/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	04/05/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	04/05/2017	05/09/2017	French	PDF
Abridged model	31/12/2015	04/05/2016	17/05/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	04/05/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	04/05/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	04/05/2012	03/08/2012	French	PDF
Abridged model	31/12/2010	04/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	04/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	31/03/2009	26/08/2009	French	PDF
Abridged model	31/12/2007	31/03/2009	26/05/2009	French	PDF

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 29/12/2025 · 2 active · 3 ended

Active mandates

Albane de Sigy

Director · since 14 juillet 2022

Active

Stanislas Cromback

Director · since 14 juillet 2022

Active

Ended mandates

Stéphan CROMBACK

Director · since 28 février 2007

Ended

Stéphan Cromback

Director

Ended

Stéphan Cromback

Manager

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

2025
Annual accounts 2025-47,9 k €↓
2024
Annual accounts 2024-26,4 k €↓
2023
Annual accounts 2023-23,2 k €↓
2022
Annual accounts 202228,5 k €↑
2021
Annual accounts 202127,7 k €↑
2019
Annual accounts 2019-66,3 k €↓
2018
Annual accounts 2018-32,2 k €↓
2017
Annual accounts 201720,4 k €↓
2016
Annual accounts 201649,8 k €↑
2015
Annual accounts 2015-11,5 k €↓
2014
Annual accounts 2014146,4 k €↑
2013
Annual accounts 201395,5 k €↑
2012
Annual accounts 201241,3 k €↓
2011
Annual accounts 201199 k €↑
2010
Annual accounts 2010-56,8 k €↓
2009
Annual accounts 2009-2,5 k €↓
2008
Annual accounts 2008-66 €↑
2007
Annual accounts 2007-6,6 k €

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

FLEXAM

Overview

What does FLEXAM do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline