FL SYSTEMS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2023 was due by 31-03-2024 and was filed on 06-02-2024, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
54 d early
2022
49 d early
2021
49 d early
2020
32 d late
2019
6 d early
2018
8 d early
2016
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Turnover
€536k
EBIT margin
9.1%
Net result
€46k▲ 0.1%
2022 · €46k
2019: €54k
2020: €38k▼ -30.0% vs 2019lowest in 5 years
2021: €68k▲ +79.8% vs 2020highest in 5 years
2022: €46k▼ -32.3% vs 2021
2023: €46k▲ +0.1% vs 2022
2019 → 2023
Working capital
€1.35M▲ 5.3%
2020 · €1.28M
2019: €1.24Mlowest in 3 years
2020: €1.28M▲ +3.0% vs 2019
2021: €1.35M▲ +5.3% vs 2020highest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€536k-
Equity€1.24M-€1.28M▲ 3.0%€1.35M▲ 5.3%€1.39M▲ 3.4%€1.44M▲ 3.3%
2019: €1.24Mlowest in 5 years
2020: €1.28M▲ +3.0% vs 2019
2021: €1.35M▲ +5.3% vs 2020
2022: €1.39M▲ +3.4% vs 2021
2023: €1.44M▲ +3.3% vs 2022highest in 5 years
Operating result€49k-€-10k€1k€-1k€-1k▲ 0.2%
2019: €49khighest in 5 years
2020: €-10k▼ -120% vs 2019lowest in 5 years
2021: €1k▲ +112% vs 2020
2022: €-1k▼ -197% vs 2021
2023: €-1k▲ +0.2% vs 2022
Net result€54k-€38k▼ 30.0%€68k▲ 79.8%€46k▼ 32.3%€46k▲ 0.1%
2019: €54k
2020: €38k▼ -30.0% vs 2019lowest in 5 years
2021: €68k▲ +79.8% vs 2020highest in 5 years
2022: €46k▼ -32.3% vs 2021
2023: €46k▲ +0.1% vs 2022
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2023 against €1k in 2022; the loss shrinks.
Key figures and ratios
Solvency
100.0%=
2022 · 100.0%
ROE
3.2%▼
2022 · 3.3%
ROA
3.2%▼
2022 · 3.3%
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 · 2023 against 2022 · 28 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.39M€1.44M▲
Current assets29/58€1.39M€1.44M▲
Amounts receivable within one year40/41€1.19M€1.19M=
Trade receivables40€2k€2k=
Other amounts receivable41€1.19M€1.19M=
Cash at bank and in hand54/58€47k€45k▼
Deferred charges and accrued income490/1€157k€204k▲
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.44M▲
Equity10/15€1.39M€1.44M▲
Contributions10/11€462k€462k=
Capital10€462k€462k=
Issued capital100€462k€462k=
Reserves13€91k€91k=
Non-distributable reserves130/1€91k€91k=
Legal reserve130€91k€91k=
Profit (loss) carried forward14€840k€886k▲
Income statement
Code20222023
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-76€-85▼
Operating profit (loss)9901€-1k€-1k▲
Financial income75/76B€48k€48k=
Recurring financial income75€48k€48k=
Financial charges65/66B€357€312▼
Recurring financial charges65€357€312▼
Profit (loss) for the period before taxes9903€46k€46k▲
Profit (loss) for the period9904€46k€46k▲
Profit (loss) for the period to be appropriated9905€46k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€840k€886k▲
Profit (loss) brought forward from the previous period14P€794k€840k▲
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €536k | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1k | €1k | ▼ 1.1% |
| Gross operating margin9900 | €79k | €-6k | €1k | €-76 | €-85 | ▼ 11.7% |
| Operating profit (loss)9901 | €49k | €-10k | €1k | €-1k | €-1k | ▲ 0.2% |
| Financial income75/76B | - | - | - | €48k | €48k | = |
| Recurring financial income75 | €40k | €48k | €67k | €48k | €48k | = |
| Financial charges65/66B | - | - | - | €357 | €312 | ▼ 12.6% |
| Recurring financial charges65 | €165 | €395 | €558 | €357 | €312 | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €89k | €38k | €68k | €46k | €46k | ▲ 0.1% |
| Income taxes67/77 | €35k | - | - | - | - | - |
| Profit (loss) for the period9904 | €54k | €38k | €68k | €46k | €46k | ▲ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €54k | €38k | €68k | €46k | €46k | ▲ 0.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.43M | €1.28M | €1.35M | €1.39M | €1.44M | ▲ 3.3% |
| Current assets29/58 | €1.43M | €1.28M | €1.35M | €1.39M | €1.44M | ▲ 3.3% |
| Amounts receivable within one year40/41 | €1.39M | €1.19M | €1.19M | €1.19M | €1.19M | = |
| Trade receivables40 | - | - | - | €2k | €2k | = |
| Other amounts receivable41 | - | - | - | €1.19M | €1.19M | = |
| Cash at bank and in hand54/58 | €3k | €5k | €2k | €47k | €45k | ▼ 3.1% |
| Deferred charges and accrued income490/1 | - | - | - | €157k | €204k | ▲ 30.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.43M | €1.28M | €1.35M | €1.39M | €1.44M | ▲ 3.3% |
| Equity10/15 | €1.24M | €1.28M | €1.35M | €1.39M | €1.44M | ▲ 3.3% |
| Contributions10/11 | €462k | €462k | €462k | €462k | €462k | = |
| Capital10 | - | - | - | €462k | €462k | = |
| Issued capital100 | - | - | - | €462k | €462k | = |
| Reserves13 | €91k | €91k | €91k | €91k | €91k | = |
| Non-distributable reserves130/1 | - | - | - | €91k | €91k | = |
| Legal reserve130 | - | - | - | €91k | €91k | = |
| Profit (loss) carried forward14 | €688k | €726k | €794k | €840k | €886k | ▲ 5.5% |
| Amounts payable17/49 | €192k | €3k | €168 | - | - | - |
| Amounts payable within one year42/48 | €192k | €3k | €168 | - | - | - |
| Trade debts44 | €108k | €3k | €168 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €38k | €68k | €46k | €46k | ▲ 0.1% |
| Operating cash flow (approximation) | €54k | €38k | €68k | €46k | €46k | ▲ 0.1% |
| Change in cash | - | €2k | €-3k | €45k | €-1k | ▼ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
30-07
State Gazette act
General meeting · Merger
Power of attorney · Bruno Raes
14-06
State Gazette act
Board meeting · Merger
Capital · Corporate purpose
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
Financial
Highest result since 2019net €68k ▲79.8%
Net result €68k, the highest in the series.
31-08
Financial
Liquidity times 16current ratio 8011.80
Current ratio from 512.72 to 8011.80; short-term debt falls from €3k to €168.
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
31-03
Financial
Weakest financial yearnet €38k ▼30%
Net result drops to €38k, the lowest in the series.
31-03
Financial
Liquidity times 69current ratio 512.72
Current ratio from 7.46 to 512.72; short-term debt falls from €192k to €3k.
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 49 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 4 days late
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Scott Automation