ACTIVE

FLEXLINE

Financial year 2025 · closed on 31/12/2025
Net result
252,4 k €
-28.2% YoY
Gross margin
1,2 M €
+78.9% YoY
Equity
711 k €
+0.3% YoY
Workforce
15,9 ETP
+103.8% YoY

What does FLEXLINE do?

FLEXLINE is a Private limited company incorporated in 2008. Its main activity is: Manufacture of builders’ ware of plastic. Its registered office is in Aarschot. It employs on average 15,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0896.046.111
Incorporation
25/02/2008
Legal form
Private limited company
Registered office
Nieuwlandlaan 87
3200 Aarschot · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
15,9 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin1,2 M €649,1 k €437,5 k €151,9 k €323,8 k €170,2 k €167,2 k €90,5 k €-9,5 k €-4,7 k €20,5 k €436,1 €7,6 k €13,4 k €14,1 k €23,9 k €27,1 k €
EBITDA456,8 k €359,6 k €74,8 k €-114,3 k €57,7 k €54,7 k €102,1 k €76,2 k €-9,9 k €-4,8 k €20 k €344,1 €7,5 k €12,8 k €13,7 k €23,6 k €26,9 k €
Operating result351 k €287,7 k €-39 k €-136,9 k €35,6 k €40,2 k €88,5 k €66,1 k €-12,8 k €-5,5 k €20 k €-13,9 k €-6,8 k €-1,5 k €-609,5 €15 k €11,9 k €
Net result252,4 k €351,6 k €-190 k €-139,8 k €17,1 k €25,7 k €53,6 k €55,6 k €-12,4 k €-5,5 k €19,9 k €-14,6 k €-7,8 k €-3,7 k €-3,7 k €8,3 k €4,5 k €
Balance sheet
Equity711 k €708,6 k €637 k €3,5 k €143,3 k €126,2 k €100,5 k €46,8 k €-8,7 k €3,7 k €9,1 k €18,1 k €32,7 k €40,5 k €44,2 k €47,9 k €10,7 k €
Total assets1,9 M €1,3 M €842,9 k €388,3 k €581,4 k €450,1 k €618,3 k €438,2 k €53,4 k €35,6 k €32,1 k €22,8 k €46 k €65,2 k €74,5 k €93,1 k €58,3 k €
Cash154,6 k €377,8 k €332,7 k €49,8 k €142,9 k €5,8 k €5,1 k €359,3 €5,9 k €140,7 €28,8 k €9,9 k €10,4 k €6,9 k €2,9 k €1,5 k €410 €
Debts1,1 M €620,9 k €205,9 k €380,4 k €437,4 k €317,5 k €517,8 k €391,3 k €62,2 k €31,9 k €23 k €4,6 k €13,3 k €24,7 k €30,3 k €45,1 k €47,6 k €
Other
Workforce15,9 ETP7,8 ETP5,3 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 31/12/2025 · 1 active · 9 ended

Active mandates

PXLL

Director · since 14 mars 2023 · 0683.946.406

Represented by Edmond de Fabribeckers de Cortils de Grâce

Active

Ended mandates

PXLL

Director · since 14 mars 2023 · 0683.946.406

Represented by Edmond DE FABRIBECKERS DE CORTILS DE GRÂCE

Ended
Alain WIJNANTS

Manager · since 15 février 2016

Ended
Lieven BERNAERS

Manager · since 21 janvier 2011 · until 15 février 2016

Ended
Lieven BERNAERS

Manager · since 21 janvier 2011

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202431/12/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date31/08/202629/08/202526/08/202431/03/202331/03/202229/04/2021
General meeting05/06/202630/05/202501/03/202403/03/202304/03/202205/03/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202631/08/2026DutchPDF
Abridged model31/12/202430/05/202529/08/2025DutchPDF
Abridged model31/12/202301/03/202426/08/2024DutchPDF
Micro model30/09/202203/03/202331/03/2023DutchPDF
Micro model30/09/202104/03/202231/03/2022DutchPDF
Micro model30/09/202005/03/202129/04/2021DutchPDF
Micro model30/09/201906/03/202028/04/2020DutchPDF
Micro model30/09/201801/03/201930/04/2019DutchPDF
Micro model30/09/201702/03/201827/04/2018DutchPDF
Abridged model30/09/201603/03/201728/04/2017DutchPDF
Abridged model30/09/201504/03/201631/03/2016DutchPDF
Abridged model30/09/201406/03/201531/03/2015DutchPDF
Abridged model30/09/201307/03/201415/05/2014DutchPDF
Abridged model30/09/201201/03/201330/04/2013DutchPDF
Abridged model30/09/201102/03/201230/04/2012DutchPDF
Abridged model30/09/201004/03/201131/05/2011DutchPDF
Abridged model30/09/200905/03/201026/04/2010DutchPDF
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 31/12/2025 · 1 active · 9 ended

Active mandates

PXLL

Director · since 14 mars 2023 · 0683.946.406

Represented by Edmond de Fabribeckers de Cortils de Grâce

Active

Ended mandates

PXLL

Director · since 14 mars 2023 · 0683.946.406

Represented by Edmond DE FABRIBECKERS DE CORTILS DE GRÂCE

Ended
Alain WIJNANTS

Manager · since 15 février 2016

Ended
Lieven BERNAERS

Manager · since 21 janvier 2011 · until 15 février 2016

Ended
Lieven BERNAERS

Manager · since 21 janvier 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring03/10/2023
    BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring13/06/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates28/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office20/09/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/05/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/01/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates18/03/2016
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/02/2011
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    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 2025252,4 k €
  2. 2024
    Annual accounts 2024351,6 k €
  3. 2023
    Annual accounts 2023-190 k €
  4. 2023
    Name changeFLEXLINE
  5. 2022
    Annual accounts 2022-139,8 k €
  6. 2022
    Name changeBLUE WAVES
  7. 2021
    Annual accounts 202117,1 k €
  8. 2020
    Annual accounts 202025,7 k €
  9. 2019
    Annual accounts 201953,6 k €
  10. 2018
    Annual accounts 201855,6 k €
  11. 2017
    Annual accounts 2017-12,4 k €
  12. 2016
    Annual accounts 2016-5,5 k €
  13. 2015
    Annual accounts 201519,9 k €
  14. 2014
    Annual accounts 2014-14,6 k €
  15. 2013
    Annual accounts 2013-7,8 k €
  16. 2012
    Annual accounts 2012-3,7 k €
  17. 2011
    Annual accounts 2011-3,7 k €
  18. 2010
    Annual accounts 20108,3 k €
  19. 2009
    Annual accounts 20094,5 k €
  20. 25/02/2008
    IncorporationPrivate limited company