Equity
Equity fell below zero in 2016.
Equity fell below zero in 2016.
Eight of the last ten came late. The 2018 accounts came latest: 413 days after the end of the period.
Equity fell from €77,085 in 2015 to -€64,854 in 2020, while debts rose from €123,853 to €155,146.
On 11 August 2022 the court declared B FLY CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €280,000. Estimated: probably between €190,000 and €520,000.
Lower than 95% of 3,667 companies in 2020.
Lower than 95% of 3,632 companies in 2020.
Higher than 95% of 3,653 companies in 2020.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
90,292 | 87,400 | 77,254 | 81,599 | 63,692 | 200,939 | 148,548 | 79,246 | 58,997 | 3,384 | 2,253 | 36,641 | 3,729 | 45,051 | 42,776 | |
21/28 |
9,674 | 13,980 | 14,288 | 20,555 | 28,878 | 37,199 | 32,931 | 1,839 | 1,608 | 1,929 | 2,251 | 2,726 | 3,663 | 34,638 | 37,864 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 13,890 | 16,112 | |
22/27 |
9,674 | 13,980 | 14,288 | 20,555 | 28,878 | 37,199 | 32,931 | 1,839 | 1,608 | 1,929 | 2,251 | 2,726 | 3,663 | 18,372 | 21,752 | |
22 |
7,800 | 9,750 | 11,700 | 13,650 | 15,922 | 18,193 | 18,965 | 1,286 | 1,608 | 1,929 | 2,251 | 2,572 | 2,894 | 2,813 | - | |
24 |
1,874 | 4,230 | 2,588 | 6,905 | 12,956 | 19,006 | 13,966 | 553 | - | - | - | 154 | 769 | 13,116 | 18,223 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,443 | 3,529 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,376 | - | |
29/58 |
80,618 | 73,420 | 62,966 | 61,043 | 34,814 | 163,739 | 115,617 | 77,406 | 57,390 | 1,455 | 2 | 33,915 | 66 | 10,413 | 4,912 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 8,562 | 4,912 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 8,562 | 4,912 | |
40/41 |
80,593 | 71,703 | 40,759 | 59,320 | 34,814 | 163,739 | 115,423 | 70,821 | 57,390 | 1,455 | 2 | 33,915 | 66 | 1,851 | - | |
40 |
74,339 | 46,546 | 39,528 | 51,396 | 21,358 | 154,012 | 99,476 | 65,434 | 57,049 | 1,453 | - | 33,880 | - | 927 | - | |
41 |
6,254 | 25,157 | 1,231 | 7,924 | 13,457 | 9,728 | 15,947 | 5,388 | 341 | 2 | 2 | 35 | 66 | 924 | - | |
54/58 |
25 | 60 | 20,244 | 100 | - | - | 193 | 6,585 | - | - | - | - | - | - | - | |
490/1 |
- | 1,658 | 1,963 | 1,623 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
90,292 | 87,400 | 77,254 | 81,599 | 63,692 | 200,939 | 148,548 | 79,246 | 58,997 | 3,384 | 2,253 | 36,641 | 3,729 | 45,051 | 42,776 | |
10/15 |
-64,854 | -102,007 | -153,133 | -283,100 | -261,249 | 77,085 | 70,163 | 53,009 | -11,327 | -66,120 | -68,739 | -69,065 | -85,747 | -45,903 | -28,930 | |
10/11 |
73,600 | 73,600 | 73,600 | 73,600 | 73,600 | 38,600 | 38,600 | 38,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | 73,600 | 73,600 | 73,600 | 73,600 | 38,600 | 38,600 | 38,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
73,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
73,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
3,860 | 3,860 | 3,860 | 3,860 | 3,860 | 3,860 | 3,860 | 3,860 | - | - | - | - | - | - | - | |
130/1 |
3,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | 3,860 | 3,860 | 3,860 | 3,860 | 3,860 | 3,860 | 3,860 | - | - | - | - | - | - | - | |
1311 |
3,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-142,314 | -179,467 | -230,593 | -360,560 | -338,709 | 34,625 | 27,703 | 10,549 | -29,927 | -84,720 | -87,339 | -87,665 | -104,347 | -64,503 | -47,530 | |
16 |
- | - | - | 34,238 | 34,238 | - | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | 34,238 | 34,238 | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | 34,238 | 34,238 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
155,146 | 189,407 | 230,387 | 330,461 | 290,703 | 123,853 | 78,385 | 26,237 | 70,324 | 69,504 | 70,992 | 105,706 | 89,476 | 90,954 | 71,705 | |
17 |
- | - | 13,500 | 17,797 | 32,586 | 20,528 | 5,380 | - | - | - | - | - | 2,509 | 2,509 | 6,659 | |
170/4 |
- | - | 13,500 | 17,797 | 32,586 | 20,528 | 5,380 | - | - | - | - | - | 2,509 | 2,509 | 6,659 | |
42/48 |
155,146 | 189,407 | 216,886 | 311,796 | 258,117 | 103,325 | 73,004 | 26,237 | 70,324 | 69,504 | 70,992 | 105,706 | 86,967 | 88,445 | 65,047 | |
42 |
608 | 16,773 | 35,921 | 15,413 | 14,150 | 8,101 | 1,620 | - | - | - | - | - | 2,098 | 4,150 | 3,965 | |
43 |
4,972 | 2,018 | - | 54,694 | 5,588 | 4,867 | 3,890 | - | 5,273 | 4,835 | 4,207 | 5,222 | 5,056 | 374 | 4,752 | |
430/8 |
4,972 | 2,018 | - | 54,694 | 5,588 | 4,867 | 3,890 | - | 5,273 | 4,835 | 4,207 | 5,222 | 5,056 | 374 | 4,752 | |
44 |
109,687 | 129,526 | 140,476 | 233,234 | 227,400 | 83,342 | 60,147 | 17,629 | 1,303 | 1,814 | 2,273 | 19,803 | 25,801 | 51,458 | 29,284 | |
440/4 |
109,687 | 129,526 | 140,476 | 233,234 | 227,400 | 83,342 | 60,147 | 17,629 | 1,303 | 1,814 | 2,273 | 19,803 | 25,801 | 51,458 | 29,284 | |
45 |
18,640 | 23,678 | 22,541 | 6,733 | 10,979 | - | - | 3,659 | 9,527 | 4,092 | 2,820 | 14,185 | 6,194 | 8,196 | 8,383 | |
450/3 |
18,640 | 23,678 | 18,370 | 2,041 | 10,979 | - | - | 3,659 | 9,527 | 4,092 | 2,820 | 10,510 | 5,573 | 4,936 | 5,642 | |
454/9 |
- | - | 4,171 | 4,692 | - | - | - | - | - | - | - | 3,675 | 621 | 3,261 | 2,741 | |
47/48 |
21,239 | 17,411 | 17,949 | 1,723 | - | 7,016 | 7,349 | 4,950 | 54,222 | 58,764 | 61,693 | 66,496 | 47,818 | 24,268 | 18,662 | |
492/3 |
- | - | - | 868 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 58,265 | - | - | - | - | - | - | |
76A |
- | - | 103,672 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
52,566 | 71,449 | 152,468 | 7,066 | -265,737 | 37,281 | 28,001 | 50,627 | 57,281 | 5,419 | 4,636 | 29,299 | -14,418 | 7,846 | -1,732 | |
60/61 |
- | - | - | - | - | - | - | 110,610 | 984 | - | - | - | - | - | - | |
62 |
- | - | 102 | 5,017 | - | - | - | 2,142 | - | - | 1,877 | 6,645 | 8,822 | 13,432 | 26,891 | |
630 |
6,306 | 8,546 | 6,267 | 6,589 | 8,322 | 8,432 | 2,309 | 469 | 322 | 322 | 475 | 937 | 937 | 8,727 | 14,725 | |
635/8 |
- | - | 180 | - | 34,238 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
3,126 | 6,727 | 7,968 | 1,976 | 6,297 | 1,789 | 1,828 | 1,444 | 820 | 1,105 | 1,151 | 649 | 433 | 611 | 2,319 | |
66A |
- | - | - | - | 24,305 | - | - | - | - | - | - | 528 | 13,705 | - | - | |
9901 |
43,133 | 56,176 | 137,950 | -6,516 | -338,898 | 27,061 | 23,865 | 46,573 | 56,140 | 3,992 | 1,133 | 21,069 | -24,611 | -14,924 | -45,667 | |
75/76B |
41 | - | 16 | 0 | 54 | 73 | 0 | - | - | - | - | - | 1 | 1 | 117 | |
75 |
41 | - | 16 | 0 | 54 | 73 | 0 | - | - | - | - | - | 1 | 1 | 117 | |
65/66B |
5,523 | 5,050 | 6,862 | 15,336 | 16,342 | 3,169 | 1,938 | 1,668 | 1,347 | 1,373 | 808 | 3,859 | 1,529 | 2,050 | 1,980 | |
65 |
5,523 | 5,050 | 6,862 | 15,336 | 16,342 | 3,169 | 1,938 | 1,668 | 1,347 | 1,373 | 808 | 3,859 | 1,529 | 2,050 | 1,980 | |
9903 |
37,651 | 51,126 | 131,105 | -21,851 | -355,186 | 23,965 | 21,927 | 44,905 | 54,793 | 2,619 | 325 | 16,682 | -39,843 | -16,973 | -47,530 | |
67/77 |
499 | - | 1,137 | - | 18,148 | 17,043 | 4,773 | 569 | - | - | - | - | 0 | - | - | |
9904 |
37,153 | 51,126 | 129,967 | -21,851 | -373,334 | 6,922 | 17,154 | 44,336 | 54,793 | 2,619 | 325 | 16,682 | -39,844 | -16,973 | -47,530 | |
9905 |
37,153 | 51,126 | 129,967 | -21,851 | -373,334 | 6,922 | 17,154 | 44,336 | 54,793 | 2,619 | 325 | 16,682 | -39,844 | -16,973 | -47,530 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-142,314 | -179,467 | -230,593 | -360,560 | -338,709 | 34,625 | 27,703 | 14,409 | -29,927 | -84,720 | -87,339 | -87,665 | -104,347 | -64,503 | -47,530 | |
691/2 |
- | - | - | - | - | - | - | 3,860 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 3,860 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | - | 0.2 | - | - | - | - | - | - | - | - | 0.6 | 0.7 | 6.6 | |
Hours worked1013 |
- | - | - | 167 | - | - | - | - | - | - | - | - | 600 | 640 | 1,782 | |
| Document | ||||||||||||||||
Source: Annual accounts 2020 (PDF), filed on 06-12-2021.
2020 annual accounts filed 128 days after the deadline. Filed on 6 December 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-79500283.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | full format | 06-12-2021 | 2021-79500283 | |
| 31-12-2019 | full format | 18-11-2020 | 2020-70900383 | |
| 31-12-2018 | full format | 16-09-2020 | 2020-53600175 | |
| 31-12-2017 | full format | 28-09-2018 | 2018-66700158 | |
| 31-12-2016 | full format | 01-12-2017 | 2017-71000473 | |
| 31-12-2015 | full format | 16-11-2016 | 2016-67900472 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-54000024 | |
| 31-12-2013 | full format | 26-06-2014 | 2014-22400025 | |
| 31-12-2012 | full format | 03-07-2013 | 2013-26200413 | |
| 31-12-2011 | full format | 29-10-2012 | 2012-62600437 | |
| 31-12-2010 | full format | 02-03-2012 | 2012-05500253 | |
| 31-12-2009 | full format | 09-03-2011 | 2011-05500594 | |
| 31-12-2008 | full format | 23-11-2009 | 2009-85900389 | |
| 31-12-2007 | full format | 29-09-2008 | 2008-76000066 | |
| 31-12-2006 | full format | 31-12-2007 | 2007-85500281 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 49,439 | 64,722 | 144,218 | 73 | -330,576 | 35,493 | 26,173 | 47,042 | 56,462 | 4,314 | 1,608 | 22,006 | -23,674 | -6,197 | -30,942 | ||
| 43,458 | 59,672 | 136,234 | -15,263 | -365,012 | 15,354 | 19,463 | 44,804 | 55,115 | 2,941 | 801 | 17,619 | -38,907 | -8,247 | -32,805 | ||
| 2,000 | 8,237 | 0 | -1,734 | 0 | 12,700 | 33,400 | 700 | 0 | 0 | 0 | 0 | 3,216 | 5,501 | 52,589 | ||
| -35 | -20,184 | 20,144 | - | - | - | -6,392 | - | - | - | - | - | - | - | - | ||
| -74,528 | -115,987 | -153,920 | -250,753 | -223,302 | 60,414 | 42,612 | 51,169 | -12,935 | -68,049 | -70,990 | -71,791 | -86,901 | -78,032 | -60,135 | ||
| - | - | - | - | - | - | - | - | 96.4% | - | - | - | - | - | - | ||
| -71.8% | -116.7% | -198.2% | -346.9% | -410.2% | 38.4% | 47.2% | 66.9% | -19.2% | - | - | -188.5% | - | -101.9% | -67.6% | ||
| 0.52 | 0.39 | 0.29 | 0.20 | 0.13 | 1.58 | 1.58 | 2.95 | 0.82 | - | - | 0.32 | - | 0.12 | 0.08 | ||
| 0.52 | 0.39 | 0.29 | 0.20 | 0.13 | 1.58 | 1.58 | 2.95 | 0.82 | - | - | 0.32 | - | 0.02 | 0.00 | ||
| - | - | - | - | - | 1.61 | 1.12 | 0.49 | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 9.0% | 24.4% | 83.6% | - | - | - | - | - | - | - | ||
| 41.1% | 58.5% | 168.2% | -26.8% | -586.2% | 3.4% | 11.5% | 55.9% | 92.9% | - | - | 45.5% | - | -37.7% | -111.1% | ||
| - | - | - | - | - | - | - | - | 357 days | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | 58 days | 483 days | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is 23% lower than in 2019 and the lowest since 2017. It is the second fall in a row.
Equity is negative. Debt (€155,146) exceeds the balance-sheet total (€90,292).
B FLY CONSTRUCT has no parent and no holdings in its annual accounts.
| FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ
registered office since 05-10-1994 · founded in 1994 · group Belgische Staat |
total assets €11.68bn (2025) 0253.445.063 |
| Relaunch for the Future
registered office since 07-06-2021 · founded in 2021 · group Belgische Staat |
total assets €506.5m (2025) 0769.411.720 |
| H & M HENNES & MAURITZ
establishment since 16-04-2010 · founded in 1999 |
1,318 FTE (2025) 0465.925.741 |
| PROWINKO BELGIE HOLDING
registered office since 18-06-2002 · founded in 2002 |
total assets €89.1m (2025) 0476.703.728 |
| IMMO RUE NEUVE 13-15
registered office since 21-06-2002 · founded in 2002 |
total assets €52.0m (2025) 0476.812.111 |
| BARLOW RETAIL INVEST
registered office since 20-01-2015 · founded in 2015 · group PROWINKO BELGIE HOLDING |
total assets €38.8m (2025) 0568.859.369 |
| HUGO BOSS BELGIUM RETAIL
establishment since 01-05-2022 · founded in 2006 · negative equity (2025) |
122 FTE (2025) 0878.411.709 |
| QUINTO SERVICES
registered office since 03-10-2001 · founded in 1989 |
total assets €26.1m (2025) 0438.714.964 |
| KABEG
registered office since 09-07-2007 · founded in 2007 |
total assets €22.7m (2025) 0890.763.668 |
| Immo Grand Place 5-7
registered office since 06-03-2001 · founded in 2000 · negative equity (2025) · group PROWINKO BELGIE HOLDING |
total assets €22.2m (2025) 0473.645.060 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| AB Construct | 03-03-2005 | 2.147.290.483 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21009A0364/00W000 | 1,004 m² | 1 · 1,003 m² | 23.8 m · 7 |
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