Fags with Flags
ActiveSummary
Fags with Flags has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,800 and a net result of €22,692. Equity has been growing by about 34% per year since 2022. Its solvency ranks better than 81% of 2,482 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 28-07-2021 Normal situation
- Activity
- Literary creation NACE 90111and 5 others
- Establishment unit
- 2.322.840.984 2018 Antwerpen, since 28-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €42,237
- ▼ 11.8%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €22,692
- ▼ 26.6%
- Equity
- €130,800
- ▲ 21.0%
- Total assets
- €160,426
- ▲ 17.9%
- 2025 accounts filed 60 days after the deadline
Score breakdownraises riskLast filed accounts filed 60 days late; 3 of the last 3 accounts latelowers riskLiquidity: current ratio 5.45, cash €105,202Sector: Arts creation and performing arts activities (NACE 90)Equity €130,800 (81.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 88% of them on solvency, 88% on liquidity, 71% on profitability and 70% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 4 accounts on average 56 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Higher solvency than 80% of companies in creative and performing artssector median 49.3% · 2,482 companies 81.5% View
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as Fags with Flags: literary creation (NACE 90111). They are comparable in size and age: total assets between €125,000 and €177,000, founded between 2020 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| Fags with Flags Antwerpen | €160,426 | €42,237 |
| STUDIO ANGEL VERGARA Ukkel | €151,913 | €44,504 |
| PAN TRANSFER Watermaal-Bosvoorde | €148,946 | €48,681 |
| Middernacht & Alexander Aalst | €170,114 | €67,237 |
| L & L ART-CREATION Mons | €176,556 | €62,683 |
| PRODUCTION SOLUTIONS Jette | €125,137 | €28,810 |
| RS PAINTING Sambreville | €132,562 | €25,537 |
Key facts about Fags with Flags
- What is the company number of Fags with Flags?
- The company number of Fags with Flags is 0771.802.373. The VAT number is the same number with BE in front: BE 0771.802.373.
- Where is Fags with Flags based?
- The registered office is at Van Luppenstraat 50/A, 2018 Antwerpen.Company details
- What does Fags with Flags do?
- According to the KBO register, the main activity is literary creation (NACE 90111).
- What is the legal form of Fags with Flags?
- The legal form of Fags with Flags is Private limited company (BV).
- When was Fags with Flags founded?
- Fags with Flags was founded on 28-07-2021.
- Is Fags with Flags still active?
- Yes, Fags with Flags is an active enterprise in the KBO register.
- What is the turnover of Fags with Flags?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €42,237 and 35 comparable companies (NACE 90). It probably lies between €70,000 and €190,000.Financials
- Is Fags with Flags profitable?
- In financial year 2025, Fags with Flags made a profit of €22,692.
- Where can I find the annual accounts of Fags with Flags?
- Fags with Flags filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Fags with Flags due?
- Fags with Flags must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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