FLAG 2000
ActiveFLAG 2000 has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €-85k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 1397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
2
/ 100
Critical▼ -36 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency21▼-15
Growth55▼-16
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.53 in 2024), and 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
22.3%
Return on assets
-6.7%
Age of the figures
19 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€85k
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 17-11-2025, 78 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
78 d late
2024
17 d late
2023
1 d late
2022
51 d late
2021
42 d late
2020
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€1.02M▲ 19.6%
2019 · €854k
2019: €854k
2019 → 2020
EBIT margin
5.5%▲ 8.4pp
2019 · -2.9%
2019: -2.9%
2019 → 2020
Net result
€-85k▼ 905%
2024 · €-8k
2019: €-41k
2020: €9k
2021: €4k
2022: €-30k
2023: €-68k
2024: €-8k
2019 → 2025
Working capital
€-267k▼ 10.9%
2024 · €-240k
2019: €-129k
2020: €-156k
2021: €-114k
2022: €-644k
2023: €-657k
2024: €-240k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€473k-€442k▼ 6.4%€375k▼ 15.3%€366k▼ 2.3%€281k▼ 23.2%
Operating result€76k-€-19k€-66k▼ 242%€3k€-83k
Net result€4k-€-30k€-68k▼ 123%€-8k▲ 87.5%€-85k▼ 905%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €83k after €3k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€915k▼ 6.0%
Current assets
€345k▲ 26.0%
Equity and liabilities €1.26M
Equity
€281k▼ 23.2%
Debt
€978k▲ 11.0%
The debt ratio rises from 70.6% to 77.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-19k▼
2024 · €73k
Cash flow
€-21k▼
2024 · €62k
Solvency
22.3%▼
2024 · 29.4%
Current ratio
0.56▲
2024 · 0.53
Quick ratio
0.41▲
2024 · 0.36
Debt / equity
3.48▲
2024 · 2.40
ROE
-30.2%▼
2024 · -2.3%
ROA
-6.7%▼
2024 · -0.7%
Interest coverage
-9.51▼
2024 · 40.31
Debt
€978k▲
2024 · €881k
Debt ≤ 1 year
€611k▲
2024 · €514k
Debt > 1 year
€367k=
2024 · €367k
Staff costs
€531k▼
2024 · €558k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.26M▲
Fixed assets21/28€973k€915k▼
Intangible fixed assets21€416k€364k▼
Tangible fixed assets22/27€557k€550k▼
Land and buildings22€543k€533k▼
Furniture and vehicles24€13k€16k▲
Other tangible fixed assets26€1k€1k=
Financial fixed assets28€246€246=
Current assets29/58€274k€345k▲
Stocks and contracts in progress3€88k€95k▲
Stocks30/36€88k€95k▲
Amounts receivable within one year40/41€139k€218k▲
Trade receivables40€139k€217k▲
Other amounts receivable41€211€211=
Cash at bank and in hand54/58€17k€9k▼
Deferred charges and accrued income490/1€29k€23k▼
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.26M▲
Equity10/15€366k€281k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Revaluation surpluses12€416k€416k=
Profit (loss) carried forward14€-174k€-259k▼
Amounts payable17/49€881k€978k▲
Amounts payable after more than one year17€367k€367k=
Financial debts170/4€364k€364k=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€514k€611k▲
Current portion of amounts payable after more than one year42€52k€94k▲
Trade debts44€314k€342k▲
Suppliers440/4€314k€342k▲
Taxes, remuneration and social security45€148k€175k▲
Taxes450/3€126k€156k▲
Remuneration and social security454/9€22k€19k▼
Other amounts payable47/48€97€97=
Income statement
Code20242025
Remuneration, social security and pensions62€558k€531k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€64k▼
Other operating charges640/8€19k€14k▼
Non-recurring operating charges66A€7k€3k▼
Gross operating margin9900€657k€529k▼
Operating profit (loss)9901€3k€-83k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€1k€-85k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€-8k€-85k▼
Profit (loss) for the period to be appropriated9905€-8k€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-174k€-259k▼
Profit (loss) brought forward from the previous period14P€-166k€-174k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 78 days late
31-01
Financial
Weakest financial yearnet €-85k
Net result drops to €-85k, the lowest in the series.
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 17 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 51 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 42 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
31-01
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 32 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 89 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 days late
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, Floreffe · 1 establishment unit since 1999
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.
Rue des Artisans 305150 FloreffeGround area
1,806 m²
Building footprint
296 m²
Volume, LiDAR
2,461 m³
Parcel 92045A0785/02R004, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Artisans 30, 5150 Floreffe
since 19992.090.381.078
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92045A0785/02R004 | Wallonia | 1,806 m² | 1 · 296 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ALTAB
BE 0782.533.345
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HR LES BAINS
BE 1001.738.695
Brussel · Eq €281k
BOND APPLICATIONS
BE 0883.600.813
Gent · Eq €282k
Avolo
BE 0658.855.474
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ECODER
BE 0721.658.422
Gent · Eq €281k
Of 16,811 companies in sector 62100 we hold annual accounts for 8,750. 6,220 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-1999
Fiscal year end31-01
Activities, NACEBEL
51850
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
72220
95100Repair and maintenance of computers and communication equipment
46500Wholesale of information and communication equipment
46660Wholesale trade
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
74851
82100Office administrative and support services
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.