FLAKE

Active

Private limited companyfounded 20251 yr activeKleine Sint-Jansstraat(Kor) 15, 8500 Kortrijk, BelgiumKBO/BCE: BE 1025.203.193

The computed 12-month bankruptcy probability of FLAKE is 2.7% (moderate). The 2025 annual accounts show equity of €11k and a net result of €11k. Its solvency ranks better than 32% of 13240 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability79

Solvency34

Growth-

Track record67

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.56; short-term debt: 50.3% and cash: 3.2% of total assets), and 91.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

8.6%

Return on assets

8.6%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing

Deviation from the deadline

2025

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€11k

Total assets

€127k

Net result

€11k

Working capital

€-28k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €127k

71.9%

28.1%

Fixed assets €91k

Current assets €36k

Equity and liabilities €127k

91.4%

Equity €11k

Debt €116k

Debt finances 91.4% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€14k

Cash flow

€12k

Solvency

8.6%

Current ratio

0.56

Quick ratio

0.56

Debt / equity

10.56

ROE

99.1%

ROA

8.6%

Interest coverage

49.56

Debt

€116k

Debt ≤ 1 year

€64k

Debt > 1 year

€52k

Income taxes

€2k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€127k

Fixed assets21/28€91k

Intangible fixed assets21€3k

Tangible fixed assets22/27€86k

Plant, machinery and equipment23€50k

Other tangible fixed assets26€36k

Financial fixed assets28€3k

Current assets29/58€36k

Amounts receivable within one year40/41€31k

Trade receivables40€18k

Other amounts receivable41€13k

Cash at bank and in hand54/58€4k

Deferred charges and accrued income490/1€392

Equity and liabilities

Total equity and liabilities10/49€127k

Equity10/15€11k

Contributions10/11€100

Reserves13€11k

Distributable reserves133€11k

Amounts payable17/49€116k

Amounts payable after more than one year17€52k

Financial debts170/4€52k

Amounts payable within one year42/48€64k

Current portion of amounts payable after more than one year42€19k

Trade debts44€40k

Suppliers440/4€40k

Taxes, remuneration and social security45€2k

Taxes450/3€2k

Other amounts payable47/48€2k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k

Other operating charges640/8€101

Gross operating margin9900€14k

Operating profit (loss)9901€13k

Financial charges65/66B€285

Recurring financial charges65€285

Profit (loss) for the period before taxes9903€13k

Income taxes67/77€2k

Profit (loss) for the period9904€11k

Profit (loss) for the period to be appropriated9905€11k

Appropriation of the result

Profit (loss) to be appropriated9906€11k

Transfer to equity691/2€11k

To other reserves6921€11k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

10-09-2025 Resigned as Director

Location & real-estate footprint

Registered office, Kortrijk · 1 establishment unit since 2025

establishment The establishment unit on the map

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.

Kleine Sint-Jansstraat(Kor) 158500 Kortrijk

Ground area

222 m²

Building footprint

205 m²

Volume, LiDAR