F.D. Technics - Flanders Flight Training Center
ActiveSummary
The computed 12-month bankruptcy probability of F.D. Technics - Flanders Flight Training Center is 1.7% (moderate). The 2024 annual accounts show equity of €82k and a net result of €-8k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 36375 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▼-13
Solvency90▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 3.56 in 2023; short-term debt: 33% and cash: 16.6% of total assets), and 35% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
65%
Return on assets
-6.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
141 d early
2022
152 d early
2021
59 d early
2020
60 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€82k▼ 9.4%
2023 · €90k
2018: €42k
2019: €32k
2020: €41k
2021: €83k
2022: €88k
2023: €90k
2018 → 2024
Total assets
€126k▲ 1.8%
2023 · €123k
2018: €85k
2019: €79k
2020: €92k
2021: €164k
2022: €177k
2023: €123k
2018 → 2024
Net result
€-8k
2023 · €4k
2018: €10k
2019: €-10k
2020: €9k
2021: €63k
2022: €7k
2023: €4k
2018 → 2024
Working capital
€55k▼ 2.6%
2023 · €57k
2018: €26k
2019: €20k
2020: €38k
2021: €45k
2022: €51k
2023: €57k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€83k▲ 105%€88k▲ 6.0%€90k▲ 2.4%€82k▼ 9.4%
Operating result€12k-€91k▲ 649%€11k▼ 88.2%€7k▼ 34.4%€-6k
Net result€9k-€63k▲ 585%€7k▼ 89.7%€4k▼ 43.1%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €7k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€29k ▼ 35.1%
Current assets
€97k ▲ 22.3%
Equity and liabilities €126k
Equity
€82k ▼ 9.4%
Debt
€44k ▲ 32.0%
Debt's share of the balance-sheet total rises from 27.0% to 35.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2023 · €22k
Cash flow
€7k▼
2023 · €19k
Current ratio
2.34▼
2023 · 3.56
Debt to equity
0.54▲
2023 · 0.37
ROE
-10.4%▼
2023 · 4.1%
ROA
-6.8%▼
2023 · 3.0%
Interest coverage
6.42▼
2023 · 8.97
Debt ≤ 1 year
€41k▲
2023 · €22k
Income taxes
€1k▲
2023 · €972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€123k€126k▲
Fixed assets21/28€44k€29k▼
Tangible fixed assets22/27€41k€25k▼
Plant, machinery and equipment23€33k€21k▼
Furniture and vehicles24€7k€3k▼
Other tangible fixed assets26€1k€991▼
Financial fixed assets28€3k€3k=
Current assets29/58€79k€97k▲
Amounts receivable within one year40/41€8k€8k▼
Trade receivables40€8k€5k▼
Other amounts receivable41€70€3k▲
Current investments50/53€36k€47k▲
Cash at bank and in hand54/58€26k€21k▼
Deferred charges and accrued income490/1€9k€21k▲
Equity and liabilities
Total equity and liabilities10/49€123k€126k▲
Equity10/15€90k€82k▼
Contributions10/11€19k€19k=
Reserves13€71k€71k=
Distributable reserves133€71k€71k=
Profit (loss) carried forward14€673€-8k▼
Amounts payable17/49€33k€44k▲
Amounts payable within one year42/48€22k€41k▲
Trade debts44€1k€21k▲
Suppliers440/4€1k€21k▲
Advances received on contracts in progress46-€75
Taxes, remuneration and social security45€3k€430▼
Taxes450/3€3k€430▼
Other amounts payable47/48€17k€20k▲
Accrued charges and deferred income492/3€11k€3k▼
Income statement
Code20232024
Non-recurring operating income76A€748-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€24k€12k▼
Operating profit (loss)9901€7k€-6k▼
Financial income75/76B€140€180▲
Recurring financial income75€140€180▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€5k€-7k▼
Income taxes67/77€972€1k▲
Profit (loss) for the period9904€4k€-8k▼
Profit (loss) for the period to be appropriated9905€4k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-8k▼
Profit (loss) brought forward from the previous period14P€673€673=
Transfer to equity691/2€2k-
To other reserves6921€2k-
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.62 to 3.56; short-term debt falls from €83k to €22k.
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €63k ▲585%
Operating result €91k, net result €63k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-10k ▼196%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ronse · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Robert Schumanstraat 289600 RonseGround area
4,353 m²
Building footprint
1,498 m²
Volume, LiDAR
538 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
F.D. Technics
since 20122.207.854.315
Deinzestraat 65, 9700 Oudenaarde
since 20182.303.139.492
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45508A0172/00A000 | Flanders | 3,490 m² | 1 · 1,408 m² | - |
| 45422C0500/00C000 | Flanders | 862 m² | 1 · 91 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,847 EUR awarded · 2,847 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,847 EUR | 2,847 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
MDSystems
BE 1001.516.882
Laarne · Eq €81,592
ELEKTRO SERVICE MOESKROEN
BE 0457.048.855
Menen · Eq €81,557
MS INDUTEK
BE 1004.526.951
Ukkel · Eq €81,612
MVB-ELEK
BE 0731.859.060
Merchtem · Eq €81,543
EVERAERD CEDRIC
BE 0803.281.447
Gent · Eq €81,524
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,805 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2012
Fiscal year end31-12
Abbreviation NL
F.D. Technics - FFTC
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
47120Other non-specialised retail sale
51100Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.