General partnership · founded 2014 · active for 12 yearsGalgenbergstraat(B) 41, 9290 Berlare, BelgiumKBO/BCE: BE 0544.775.061
Summary
FLAMEY - VERHULST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2015 annual accounts show equity of €26,358 and a net result of €13,480. The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Financial service activities, except insurance and pension funding
NACE 64190
1 site
Size
€0turnover 2015
Equity
€26,358
Profit
€13,480
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Accounts 3368 days overdue1 of 4 deeds read
SignalsneutralNo filing for yearsFiled after the deadlineShow the evidence
Checked score
Outside the general model
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
31-12-2016 year end31-07-2017 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 23-08-2016, 23 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.