FLAGSHIP
ActiveFLAGSHIP has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €416k and a net result of €52k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 4624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-19
Solvency62▲+4
Growth68▲+16
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.66 in 2023), and 48.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 29-07-2025, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
21 d early
2022
3 d early
2021
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€6k▲ 20.0%
2023 · €5k
2023: €5k
2023 → 2024
EBIT margin
-1591.4%▼ 1628.2pp
2023 · 36.8%
2023: 36.8%
2023 → 2024
Net result
€52k▼ 47.5%
2023 · €98k
2021: €156k
2022: €93k
2023: €98k
2021 → 2024
Working capital
€-52k▼ 90.7%
2023 · €-27k
2021: €-68k
2022: €-50k
2023: €-27k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€5k€6k▲ 20.0%
Equity€173k-€266k▲ 53.7%€364k▲ 36.9%€416k▲ 14.2%
Operating result€-2k-€-3k▼ 38.7%€2k€-95k
Net result€156k-€93k▼ 40.2%€98k▲ 5.6%€52k▼ 47.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €95k after €2k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €815k
Fixed assets
€785k=
Current assets
€30k▼ 44.6%
Equity and liabilities €815k
Equity
€416k▲ 14.2%
Debt
€399k▼ 15.9%
The debt ratio falls from 56.5% to 48.9%: equity grows while debt is paid down.
Key figures and ratios
Solvency
51.1%▲
2023 · 43.5%
Current ratio
0.36▼
2023 · 0.66
Quick ratio
0.36▼
2023 · 0.66
Debt / equity
0.96▼
2023 · 1.30
ROE
12.4%▼
2023 · 27.0%
ROA
6.3%▼
2023 · 11.7%
Debt
€399k▼
2023 · €474k
Debt ≤ 1 year
€82k▲
2023 · €81k
Debt > 1 year
€317k▼
2023 · €393k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€838k€815k▼
Fixed assets21/28€785k€785k=
Financial fixed assets28€785k€785k=
Current assets29/58€53k€30k▼
Amounts receivable within one year40/41€0€1▲
Trade receivables40€0€0=
Other amounts receivable41€0€1▲
Cash at bank and in hand54/58€53k€30k▼
Equity and liabilities
Total equity and liabilities10/49€838k€815k▼
Equity10/15€364k€416k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€334k€386k▲
Amounts payable17/49€474k€399k▼
Amounts payable after more than one year17€393k€317k▼
Financial debts170/4€231k€155k▼
Other amounts payable178/9€162k€162k=
Amounts payable within one year42/48€81k€82k▲
Current portion of amounts payable after more than one year42€76k€76k▲
Trade debts44€0€384▲
Suppliers440/4€0€384▲
Advances received on contracts in progress46€5k€5k=
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Other amounts payable47/48€0€0=
Income statement
Code20232024
Turnover70€5k€6k▲
Goods, raw materials, services and sundry goods60/61€3k€101k▲
Other operating charges640/8€469€472▲
Gross operating margin9900€2k€-95k▼
Operating profit (loss)9901€2k€-95k▼
Financial income75/76B€100k€150k▲
Recurring financial income75€100k€150k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€98k€52k▼
Profit (loss) for the period9904€98k€52k▼
Profit (loss) for the period to be appropriated9905€98k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€334k€386k▲
Profit (loss) brought forward from the previous period14P€236k€334k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €52k ▼47.5%
Net result drops to €52k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €266k ▲53.7%
2 profitable years in a row build equity to €266k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herve · 1 establishment unit since 2020
Ground area
4,576 m²
Building footprint
1,643 m²
Volume, LiDAR
7,559 m³
Parcel 63006D0346/00R000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLAGSHIP
since 20202.308.936.035
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0346/00R000 | Wallonia | 4,576 m² | 1 · 1,643 m² | 7.3 m · 2 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.
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Of 82,142 companies in sector 70200 we hold annual accounts for 52,371. 35,965 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.