Flamengo Services
ActiveSummary
Flamengo Services has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-20
Solvency64▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 7.57 against 5.51 in 2024; short-term debt: 12.3% and cash: 2.9% of total assets), but 61.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.7%
Return on assets
4.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €186k
neutral · 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
71 d late
2023
29 d late
2022
29 d late
2021
106 d late
2020
2 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0▼ 100%
2020 · €42k
2020: €42k
2022: €0
2020 → 2022
EBIT margin
-85.8%
Net result
€21k▼ 51.7%
2024 · €44k
2018: €-4k
2019: €-3k▲ +29.7% vs 2018
2020: €-25k▼ -851% vs 2019
2021: €-50k▼ -97.9% vs 2020lowest in 8 years
2022: €60k▲ +220% vs 2021
2023: €79k▲ +33.4% vs 2022highest in 8 years
2024: €44k▼ -45.0% vs 2023
2025: €21k▼ -51.7% vs 2024
2018 → 2025
Working capital
€388k▲ 6.7%
2024 · €364k
2018: €193k
2019: €209k▲ +8.3% vs 2018
2020: €210k▲ +0.4% vs 2019
2021: €178k▼ -15.1% vs 2020lowest in 8 years
2022: €253k▲ +42.1% vs 2021
2023: €326k▲ +29.1% vs 2022
2024: €364k▲ +11.5% vs 2023
2025: €388k▲ +6.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€-18k-€42k€121k▲ 189%€165k▲ 36.0%€186k▲ 12.8%
2021: €-18klowest in 5 years
2022: €42k▲ +338% vs 2021
2023: €121k▲ +189% vs 2022
2024: €165k▲ +36.0% vs 2023
2025: €186k▲ +12.8% vs 2024highest in 5 years
Operating result€-48k-€59k€117k▲ 97.6%€59k▼ 49.6%€29k▼ 51.6%
2021: €-48klowest in 5 years
2022: €59k▲ +223% vs 2021
2023: €117k▲ +97.6% vs 2022highest in 5 years
2024: €59k▼ -49.6% vs 2023
2025: €29k▼ -51.6% vs 2024
Net result€-50k-€60k€79k▲ 33.4%€44k▼ 45.0%€21k▼ 51.7%
2021: €-50klowest in 5 years
2022: €60k▲ +220% vs 2021
2023: €79k▲ +33.4% vs 2022highest in 5 years
2024: €44k▼ -45.0% vs 2023
2025: €21k▼ -51.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480k
Fixed assets
€33k ▼ 9.2%
Current assets
€447k ▲ 0.6%
Equity and liabilities €480k
Equity
€186k ▲ 12.8%
Debt
€294k ▼ 6.8%
Debt's share of the balance-sheet total falls from 65.7% to 61.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €67k
Cash flow
€28k▼
2024 · €52k
Current ratio
7.57▲
2024 · 5.51
Debt to equity
1.58▼
2024 · 1.92
ROE
11.3%▼
2024 · 26.5%
ROA
4.4%▼
2024 · 9.1%
Interest coverage
3.42▼
2024 · 5.09
Debt ≤ 1 year
€59k▼
2024 · €81k
Debt > 1 year
€210k=
2024 · €210k
Income taxes
€17k▼
2024 · €26k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€481k€480k▼
Fixed assets21/28€36k€33k▼
Tangible fixed assets22/27€11k€5k▼
Land and buildings22€2k€2k=
Furniture and vehicles24€10k€4k▼
Financial fixed assets28€25k€28k▲
Current assets29/58€445k€447k▲
Amounts receivable within one year40/41€434k€433k▼
Trade receivables40€16k-
Other amounts receivable41€418k€433k▲
Cash at bank and in hand54/58€11k€14k▲
Equity and liabilities
Total equity and liabilities10/49€481k€480k▼
Equity10/15€165k€186k▲
Contributions10/11€19k€19k=
Reserves13€146k€167k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€126k€147k▲
Amounts payable17/49€316k€294k▼
Amounts payable after more than one year17€210k€210k=
Financial debts170/4€210k€210k=
Amounts payable within one year42/48€81k€59k▼
Financial debts43€4k€4k=
Credit institutions430/8€4k€4k=
Trade debts44€376€5k▲
Suppliers440/4€376€5k▲
Taxes, remuneration and social security45€65k€39k▼
Taxes450/3€65k€39k▼
Other amounts payable47/48€12k€12k=
Accrued charges and deferred income492/3€25k€25k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€390€7k▲
Non-recurring operating charges66A-€515
Gross operating margin9900€67k€44k▼
Operating profit (loss)9901€59k€29k▼
Financial income75/76B€24k€20k▼
Recurring financial income75€24k€20k▼
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€70k€38k▼
Income taxes67/77€26k€17k▼
Profit (loss) for the period9904€44k€21k▼
Profit (loss) for the period to be appropriated9905€44k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€21k▼
Transfer to equity691/2€44k€21k▼
To other reserves6921€44k€21k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €27k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €31k | €4k | €8k | €7k | ▼ 9.8% |
| Other operating charges640/8 | €6k | €3k | €1k | €390 | €7k | ▲ 1,742% |
| Non-recurring operating charges66A | - | €62 | €435 | - | €515 | - |
| Gross operating margin9900 | €-9k | €93k | €123k | €67k | €44k | ▼ 35.4% |
| Operating profit (loss)9901 | €-48k | €59k | €117k | €59k | €29k | ▼ 51.6% |
| Financial income75/76B | €9k | €11k | €13k | €24k | €20k | ▼ 17.7% |
| Recurring financial income75 | €9k | €11k | €13k | €24k | €20k | ▼ 17.7% |
| Financial charges65/66B | €9k | €9k | €12k | €13k | €10k | ▼ 20.5% |
| Recurring financial charges65 | €9k | €9k | €12k | €13k | €10k | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €-49k | €60k | €117k | €70k | €38k | ▼ 45.6% |
| Income taxes67/77 | €588 | €727 | €38k | €26k | €17k | ▼ 35.6% |
| Profit (loss) for the period9904 | €-50k | €60k | €79k | €44k | €21k | ▼ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €-50k | €60k | €79k | €44k | €21k | ▼ 51.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €276k | €334k | €431k | €481k | €480k | ▼ 0.1% |
| Fixed assets21/28 | €62k | €30k | €30k | €36k | €33k | ▼ 9.2% |
| Tangible fixed assets22/27 | €37k | €5k | €5k | €11k | €5k | ▼ 51.7% |
| Land and buildings22 | €37k | €5k | €2k | €2k | €2k | = |
| Furniture and vehicles24 | €0 | €0 | €3k | €10k | €4k | ▼ 60.4% |
| Financial fixed assets28 | €25k | €25k | €25k | €25k | €28k | ▲ 10.0% |
| Current assets29/58 | €215k | €304k | €400k | €445k | €447k | ▲ 0.6% |
| Amounts receivable within one year40/41 | €215k | €296k | €374k | €434k | €433k | ▼ 0.1% |
| Trade receivables40 | €0 | €15k | - | €16k | - | - |
| Other amounts receivable41 | €215k | €281k | €374k | €418k | €433k | ▲ 3.7% |
| Cash at bank and in hand54/58 | €116 | €7k | €12k | €11k | €14k | ▲ 31.4% |
| Deferred charges and accrued income490/1 | - | - | €15k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €276k | €334k | €431k | €481k | €480k | ▼ 0.1% |
| Equity10/15 | €-18k | €42k | €121k | €165k | €186k | ▲ 12.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €44k | €103k | €146k | €167k | ▲ 14.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €24k | €24k | €82k | €126k | €147k | ▲ 16.8% |
| Profit (loss) carried forward14 | €-80k | €-21k | - | - | - | - |
| Amounts payable17/49 | €294k | €292k | €309k | €316k | €294k | ▼ 6.8% |
| Amounts payable after more than one year17 | €232k | €216k | €210k | €210k | €210k | = |
| Financial debts170/4 | €232k | €216k | €210k | €210k | €210k | = |
| Amounts payable within one year42/48 | €37k | €51k | €74k | €81k | €59k | ▼ 26.7% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €4k | - | - | - |
| Financial debts43 | €4k | €4k | €4k | €4k | €4k | = |
| Credit institutions430/8 | €4k | €4k | €4k | €4k | €4k | = |
| Trade debts44 | €689 | €10k | €5k | €376 | €5k | ▲ 1,106% |
| Suppliers440/4 | €689 | €10k | €5k | €376 | €5k | ▲ 1,106% |
| Advances received on contracts in progress46 | - | - | €1k | - | - | - |
| Taxes, remuneration and social security45 | €5k | €10k | €48k | €65k | €39k | ▼ 39.9% |
| Taxes450/3 | €5k | €10k | €48k | €65k | €39k | ▼ 39.9% |
| Remuneration and social security454/9 | €0 | €0 | - | - | - | - |
| Other amounts payable47/48 | €12k | €12k | €12k | €12k | €12k | = |
| Accrued charges and deferred income492/3 | €25k | €25k | €25k | €25k | €25k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-50k | €60k | €79k | €44k | €21k | ▼ 51.7% |
| + Depreciation and write-downs630 | €33k | €31k | €4k | €8k | €7k | ▼ 9.8% |
| Operating cash flow (approximation) | €-17k | €91k | €83k | €52k | €28k | ▼ 45.1% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-14k | €-4k | ▲ 72.1% |
| Change in cash | - | €7k | €4k | €-1k | €3k | ▲ 423% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Equity above €150kEq €165k ▲36%
3 profitable years in a row build equity to €165k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €79k ▲33.4%
Operating result €117k, net result €79k, both a record.
31-12
Financial
Equity above €100kEq €121k ▲189%
2 profitable years in a row build equity to €121k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €60k
Net result €60k after 4 loss-making years.
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2012
Ground area
844 m²
Building footprint
845 m²
Volume, LiDAR
7,794 m³
Parcel 21443C0191/00V016, Brussels · tallest building 20.2 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
FLAMENGO
since 20122.213.773.788
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0191/00V016 | Brussels | 844 m² | 1 · 845 m² | 20.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,921 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.