FLAFJA MULTISOLUTIONS
ActiveSummary
FLAFJA MULTISOLUTIONS has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€191) and a net result of €1,014, of which €1,186 non-recurring income. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-10-2020 Normal situation
- Registered office
- 50 active companies are registered at this address 16 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Activities of head offices NACE 70100and 2 others
- Establishment unit
- 2.315.263.306 1190 Vorst, since 22-10-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €2,671
- ▼ 14.6%
- Turnover
- ≈ €12,000
- estimated
- Profit
- €1,014
- ▲ 35.7%
- Equity
- -€191
- ▲ 84.1%
- Total assets
- €42,919
- ▲ 54.5%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 0.89, cash €2051 of the last 3 accounts latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €42,919Show the evidence
Checked score
About 4 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 70, micro). It does better than 8% of them on solvency, 2% on liquidity, 28% on profitability and 87% on growth.
The bankruptcy probability was computed on 01-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 58 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 5 filings
2021 to 2025, 5 financial years
The operating result for 2025 is 59% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €6,793 | - |
| Depreciation and write-downs of the year | €1,313 | - | - | €340 | €2,038 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as FLAFJA MULTISOLUTIONS: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €22,500 and €53,400, founded between 2017 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FLAFJA MULTISOLUTIONS Vorst | 2020 | €42,919 | -€191 | €2,671 | €1,014 | - | 2025 |
| Sodiecon Kruisem | 2022 | €37,204 | €18,152 | €2,512 | €208 | - | 2025 |
| MGD Invest Tournai | 2022 | €46,679 | €30,824 | €2,549 | €1,786 | - | 2025 |
| Y-GESTION Villers-le-Bouillet | 2020 | €22,477 | €4,703 | €2,733 | -€4,855 | - | 2025 |
| DE NOBREGA GROUP Knokke-Heist | 2022 | €37,263 | -€23,740 | €1,893 | -€36,886 | 0 | 2025 |
| MEZZANINE PARTNERS MANAGEMENT 2 Roeselare | 2017 | €53,405 | €27,925 | €2,148 | €175 | - | 2025 |
| VDW Sint-Katelijne-Waver | 2022 | €22,916 | €15,610 | €3,819 | €346 | - | 2025 |
They were chosen from the 3,691 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 906 companies had the same profile as FLAFJA MULTISOLUTIONS has now. Two years later, 6.1% had gone bankrupt and 89.4% were still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLAFJA MULTISOLUTIONS itself is lower: 0.4% within 12 months. It rests on far more data about FLAFJA MULTISOLUTIONS than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 906 companies, not a prediction for FLAFJA MULTISOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,313 | - | - | €340 | €2,038 | ▲ 500% |
| Other operating charges640/8 | €1,046 | €3,163 | €8,411 | €2,042 | €326 | ▼ 84.1% |
| Gross operating margin9900 | €20,765 | €1,856 | -€7,850 | €3,129 | €2,671 | ▼ 14.6% |
| Operating profit (loss)9901 | €18,406 | -€1,307 | -€16,261 | €747 | €307 | ▼ 58.9% |
| Financial income75/76B | - | - | - | - | €1,186 | - |
| Recurring financial income75 | - | - | - | - | €1,186 | - |
| Non-recurring financial income76B | - | - | - | - | €1,186 | - |
| Financial charges65/66B | €81 | €266 | €251 | - | €480 | - |
| Recurring financial charges65 | €81 | €266 | €251 | - | €480 | - |
| Non-recurring financial charges66B | - | - | - | - | €480 | - |
| Profit (loss) for the period before taxes9903 | €18,325 | -€1,573 | -€16,511 | €747 | €1,014 | ▲ 35.7% |
| Income taxes67/77 | €3,793 | - | - | - | - | - |
| Profit (loss) for the period9904 | €14,531 | -€1,573 | -€16,511 | €747 | €1,014 | ▲ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €14,531 | -€1,573 | -€16,511 | €747 | €1,014 | ▲ 35.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,992 | €43,796 | €22,574 | €27,776 | €42,919 | ▲ 54.5% |
| Fixed assets21/28 | - | - | - | €6,453 | €4,415 | ▼ 31.6% |
| Tangible fixed assets22/27 | - | - | - | €6,453 | €4,415 | ▼ 31.6% |
| Furniture and vehicles24 | - | - | - | €6,453 | €4,415 | ▼ 31.6% |
| Current assets29/58 | €27,992 | €43,796 | €22,574 | €21,323 | €38,504 | ▲ 80.6% |
| Amounts receivable within one year40/41 | €21,103 | €39,421 | €20,707 | €19,929 | €37,083 | ▲ 86.1% |
| Trade receivables40 | €20,943 | €34,933 | €19,211 | €17,882 | €35,365 | ▲ 97.8% |
| Other amounts receivable41 | €160 | €4,487 | €1,496 | €2,048 | €1,718 | ▼ 16.1% |
| Cash at bank and in hand54/58 | €5,672 | €3,159 | €650 | €177 | €205 | ▲ 15.6% |
| Deferred charges and accrued income490/1 | €1,216 | €1,216 | €1,216 | €1,216 | €1,216 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,992 | €43,796 | €22,574 | €27,776 | €42,919 | ▲ 54.5% |
| Equity10/15 | €16,131 | €14,558 | -€1,953 | -€1,206 | -€191 | ▲ 84.1% |
| Contributions10/11 | €1,600 | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Profit (loss) carried forward14 | €14,531 | €12,958 | -€3,553 | -€2,806 | -€1,791 | ▲ 36.2% |
| Amounts payable17/49 | €11,861 | €29,237 | €24,527 | €28,982 | €43,111 | ▲ 48.8% |
| Amounts payable within one year42/48 | €11,861 | €29,237 | €24,527 | €28,982 | €43,111 | ▲ 48.8% |
| Financial debts43 | - | - | €836 | - | €1,701 | - |
| Credit institutions430/8 | - | - | €836 | - | €1,701 | - |
| Trade debts44 | €7,821 | €22,187 | €14,897 | €23,089 | €19,163 | ▼ 17.0% |
| Suppliers440/4 | €7,821 | €22,187 | €14,897 | €23,089 | €19,163 | ▼ 17.0% |
| Taxes, remuneration and social security45 | €3,989 | €7,050 | €3,292 | €900 | €8,095 | ▲ 799% |
| Taxes450/3 | €3,989 | €7,050 | €3,292 | €900 | €8,095 | ▲ 799% |
| Other amounts payable47/48 | €50 | - | €5,502 | €4,993 | €14,152 | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,531 | -€1,573 | -€16,511 | €747 | €1,014 | ▲ 35.7% |
| + Depreciation and write-downs630 | €1,313 | - | - | €340 | €2,038 | ▲ 500% |
| Operating cash flow (approximation) | €15,844 | -€1,573 | -€16,511 | €1,087 | €3,052 | ▲ 181% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€2,514 | -€2,508 | -€473 | €28 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00241374 | NBB |
| 31-12-2024 | micro format | 06-08-2025 | 2025-00362501 | |
| 31-12-2023 | micro format | 28-09-2024 | 2024-00477638 | |
| 31-12-2022 | micro format | 07-10-2023 | 2023-00484332 | |
| 31-12-2021 | micro format | 31-01-2023 | 2023-00017556 |
Board & ownership
Directors
Owners and capital
Shareholders
- Aloys Nkeshimana 50%
- Francine Nzeyimana 50%
- Francine Nzeyimana all shares · 100%
- Aloys Nkeshimana to Francine Nzeyimana 100%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Aloys Nkeshimana |
|
| Nzeyimana Francine |
|
Network & group
FLAFJA MULTISOLUTIONS shares no director with another company.
Companies at the same address
49 other companies- MATSUCCL Registered office · since 2026 1044658821
- PARADOXIK Registered office · since 2026 1044418794
- ELJY TRADING Registered office · since 2026 1042703874
- AZIZ 7TRANSPORT Registered office · since 2026 1041665677
- GROUPE GRANDE ÉVOLUTION BELGIQUE Registered office · since 2026 1038760726
- SBT-GLOBAL Registered office · since 2026 1038151705
- DDLD TRANS Registered office · since 2026 1036756586
- WORLD SHIPPING COMPANY Registered office · since 2026 1036704128
- KLT Belgium Registered office · since 2026 1036266836
- ALL TRADING RK Registered office · since 2026 1034268735
Connections & network
2 current directorsThe network starts from the directors of FLAFJA MULTISOLUTIONS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-11
Gazette deed
Appointment: Aloys Nkeshimana (director)Shareholding4 points ▸
- General meeting, 01-11-2025
- Director appointment, Aloys Nkeshimana (director)
- Aloys Nkeshimana holds 50% of the shares
- Francine Nzeyimana holds 50% of the shares
17-02
Gazette deed
Resignation: Aloys Nkeshimana (director)Share transfer · Shareholding5 points ▸
- General meeting, 28-12-2024
- Director resignation, Aloys Nkeshimana (director)
- Share transfer, Aloys Nkeshimana → Francine Nzeyimana
- Francine Nzeyimana holds all the shares
- Director in office, Francine Nzeyimana (manager)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21007A0069/00T052 | Brussels | 113 m² | 1 · 111 m² | 17.0 m · 5 |