12 FLY2
InactiveFinancials · financial year 2025, micro format
Equity
€130,511▲ 8.0%
2024 · €120,857
Total assets
€143,920▲ 10.3%
2024 · €130,478
Net result
€9,654▲ 91.6%
2024 · €5,040
Working capital
€125,169▲ 10.9%
2024 · €112,893
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 63% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€11,090
2025
Net result€9,654
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€143,920
2025
Equity€130,511
2025
Debt€13,409
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€125,169
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€16,480-€10,458▼ 36.5%€27,415▲ 162%€42,851▲ 56.3%€62,564▲ 46.0%€1,030▼ 98.4%€6,821▲ 562%€11,090▲ 62.6%
Net result€8,628-€5,982▼ 30.7%€20,439▲ 242%€29,534▲ 44.5%€38,751▲ 31.2%-€567€5,040€9,654▲ 91.6%
Equity€23,343-€29,325▲ 25.6%€49,764▲ 69.7%€79,299▲ 59.3%€118,050▲ 48.9%€117,483▼ 0.5%€120,857▲ 2.9%€130,511▲ 8.0%
Total assets€56,433-€91,369▲ 61.9%€108,044▲ 18.2%€145,498▲ 34.7%€169,741▲ 16.7%€124,304▼ 26.8%€130,478▲ 5.0%€143,920▲ 10.3%
Debt€33,090-€62,044▲ 87.5%€58,279▼ 6.1%€66,199▲ 13.6%€51,691▼ 21.9%€6,821▼ 86.8%€9,621▲ 41.0%€13,409▲ 39.4%
Working capital€16,476-€24,008▲ 45.7%€48,259▲ 101%€80,688▲ 67.2%€107,890▲ 33.7%€111,709▲ 3.5%€112,893▲ 1.1%€125,169▲ 10.9%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,920
Fixed assets
€5,342 ▼ 32.9%
Current assets
€138,578 ▲ 13.1%
Equity and liabilities €143,920
Equity
€130,511 ▲ 8.0%
Debt
€13,409 ▲ 39.4%
Debt's share of the balance-sheet total rises from 7.4% to 9.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,712▲
2024 · €9,046
Cash flow
€12,276▲
2024 · €7,264
Current ratio
10.33▼
2024 · 12.73
Debt to equity
0.10▲
2024 · 0.08
ROE
7.4%▲
2024 · 4.2%
ROA
6.7%▲
2024 · 3.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€13,409▲
2024 · €9,621
Income taxes
€5,226▲
2024 · €4,986
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €13,200 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,298 | €10,224 | €10,076 | €10,211 | €10,062 | €10,222 | €2,224 | €2,621 | ▲ 17.9% |
| Other operating charges640/8 | - | - | - | €917 | €1,026 | €995 | €1,097 | €1,003 | ▼ 8.6% |
| Gross operating margin9900 | €25,951 | €22,444 | €39,740 | €53,980 | €73,651 | €12,247 | €10,142 | €14,715 | ▲ 45.1% |
| Operating profit (loss)9901 | €16,480 | €10,458 | €27,415 | €42,851 | €62,564 | €1,030 | €6,821 | €11,090 | ▲ 62.6% |
| Financial income75/76B | - | - | - | €5,885 | €2,547 | €2,547 | €3,250 | €3,835 | ▲ 18.0% |
| Recurring financial income75 | €1,112 | €2,563 | €4,705 | €5,885 | €2,547 | €2,547 | €3,250 | €3,835 | ▲ 18.0% |
| Financial charges65/66B | - | - | - | €577 | €61 | €45 | €45 | €45 | ▲ 0.1% |
| Recurring financial charges65 | €388 | €568 | €485 | €577 | €61 | €45 | €45 | €45 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €17,204 | €12,453 | €31,635 | €48,159 | €65,050 | €3,532 | €10,026 | €14,880 | ▲ 48.4% |
| Income taxes67/77 | - | - | €11,196 | €18,625 | €26,299 | €4,099 | €4,986 | €5,226 | ▲ 4.8% |
| Profit (loss) for the period9904 | €8,628 | €5,982 | €20,439 | €29,534 | €38,751 | -€567 | €5,040 | €9,654 | ▲ 91.6% |
| Profit (loss) for the period to be appropriated9905 | €8,628 | €5,982 | €20,439 | €29,534 | €38,751 | -€567 | €5,040 | €9,654 | ▲ 91.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €56,433 | €91,369 | €108,044 | €145,498 | €169,741 | €124,304 | €130,478 | €143,920 | ▲ 10.3% |
| Fixed assets21/28 | €16,085 | €39,518 | €29,441 | €20,221 | €10,159 | €5,903 | €7,964 | €5,342 | ▼ 32.9% |
| Tangible fixed assets22/27 | €16,085 | €39,518 | €29,441 | €20,221 | €10,159 | €5,903 | €7,964 | €5,342 | ▼ 32.9% |
| Furniture and vehicles24 | - | - | - | €20,221 | €10,159 | €5,903 | €7,964 | €5,342 | ▼ 32.9% |
| Current assets29/58 | €40,348 | €51,852 | €78,602 | €125,277 | €159,581 | €118,402 | €122,515 | €138,578 | ▲ 13.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Other amounts receivable291 | - | - | - | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Amounts receivable within one year40/41 | €34,718 | €41,875 | €69,437 | €117,935 | €12,479 | €4,349 | €25,974 | €27,150 | ▲ 4.5% |
| Trade receivables40 | - | - | - | €11,023 | €12,479 | €3,269 | €2,679 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €106,912 | €0 | €1,081 | €23,295 | €27,150 | ▲ 16.5% |
| Cash at bank and in hand54/58 | €4,648 | €7,744 | €7,897 | €6,012 | €55,688 | €22,565 | €5,868 | €21,428 | ▲ 265% |
| Deferred charges and accrued income490/1 | - | - | - | €1,330 | €1,414 | €1,487 | €672 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €56,433 | €91,369 | €108,044 | €145,498 | €169,741 | €124,304 | €130,478 | €143,920 | ▲ 10.3% |
| Equity10/15 | €23,343 | €29,325 | €49,764 | €79,299 | €118,050 | €117,483 | €120,857 | €130,511 | ▲ 8.0% |
| Contributions10/11 | €6,510 | €6,510 | €6,510 | €6,510 | €6,510 | €6,510 | €6,510 | €6,510 | = |
| Reserves13 | €1,860 | €1,860 | €21,860 | €72,789 | €111,540 | €110,973 | €114,347 | €124,001 | ▲ 8.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €70,929 | €109,680 | €109,113 | €112,487 | €122,141 | ▲ 8.6% |
| Profit (loss) carried forward14 | €14,973 | €20,955 | €21,394 | €0 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €33,090 | €62,044 | €58,279 | €66,199 | €51,691 | €6,821 | €9,621 | €13,409 | ▲ 39.4% |
| Amounts payable after more than one year17 | €9,218 | €34,200 | €27,936 | €21,610 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €21,610 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €23,872 | €27,844 | €30,343 | €44,589 | €51,691 | €6,692 | €9,621 | €13,409 | ▲ 39.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,326 | €0 | - | - | - | - |
| Trade debts44 | €763 | €799 | €3,061 | €3,068 | €767 | €1,042 | €1,511 | €1,235 | ▼ 18.3% |
| Suppliers440/4 | - | - | - | €3,068 | €767 | €1,042 | €1,511 | €1,235 | ▼ 18.3% |
| Taxes, remuneration and social security45 | - | - | - | €35,195 | €47,797 | €5,651 | €6,444 | €12,175 | ▲ 88.9% |
| Taxes450/3 | - | - | - | €35,195 | €47,797 | €5,651 | €6,444 | €12,175 | ▲ 88.9% |
| Other amounts payable47/48 | - | - | - | - | €3,127 | €0 | €1,666 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €129 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,628 | €5,982 | €20,439 | €29,534 | €38,751 | -€567 | €5,040 | €9,654 | ▲ 91.6% |
| + Depreciation and write-downs630 | €8,298 | €10,224 | €10,076 | €10,211 | €10,062 | €10,222 | €2,224 | €2,621 | ▲ 17.9% |
| Operating cash flow (approximation) | €16,926 | €16,206 | €30,515 | €39,746 | €48,813 | €9,655 | €7,264 | €12,276 | ▲ 69.0% |
| Investment in fixed assets (approximation) | - | -€33,657 | €0 | -€991 | €0 | -€5,965 | -€4,285 | €0 | - |
| Change in cash | - | €3,097 | €152 | -€1,884 | €49,676 | -€33,123 | -€16,697 | €15,560 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-04-2026 | 2026-00090953 |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00231812 |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00220527 |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00264924 |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20155680 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-65600158 |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-58900258 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-60800464 |
| 31-12-2017 | abbreviated format | 16-08-2018 | 2018-46600344 |
| 31-12-2016 | abbreviated format | 25-09-2017 | 2017-62700457 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.