FLAN
ActiveSummary
The computed 12-month bankruptcy probability of FLAN is 3.9% (moderate). The 2025 annual accounts show negative equity (-€85,161) and a net result of -€24,038. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 13560 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-63
Solvency0=
Growth34▼-31
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.29 in 2024; short-term debt: 708.6% and cash: 98.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-620%
Return on assets
-175%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€85,161
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
26 d early
2023
11 d early
2022
on the day
2021
1 d early
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€217,608▼ 51.7%
2024 · €450,092
EBIT margin
-9.2%▼ 10.9pp
2024 · 1.7%
Net result
-€24,038
2024 · €2,628
Working capital
-€83,749▲ 30.0%
2024 · -€119,579
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€303,838▲ 126%€526,024▲ 73.1%€458,447▼ 12.8%€450,092▼ 1.8%€217,608▼ 51.7%
Operating result€15,484-€9,207-€39,749▼ 332%€7,624-€20,121
Net result€10,854-€13,173-€44,849▼ 240%€2,628-€24,038
EBIT margin5.1%▲ 21.8pp-1.8%▼ 6.8pp-8.7%▼ 6.9pp1.7%▲ 10.4pp-9.2%▼ 10.9pp
Equity-€5,729▲ 65.5%-€18,902▼ 230%-€63,751▼ 237%-€61,123▲ 4.1%-€85,161▼ 39.3%
Total assets€132,803▲ 9.2%€116,429▼ 12.3%€104,501▼ 10.2%€107,570▲ 2.9%€13,736▼ 87.2%
Debt€138,532▲ 0.2%€135,331▼ 2.3%€168,252▲ 24.3%€168,693▲ 0.3%€98,897▼ 41.4%
Working capital-€90,116▲ 11.4%-€112,541▼ 24.9%-€142,918▼ 27.0%-€119,579▲ 16.3%-€83,749▲ 30.0%
Staff (FTE)1.8▲ 12.5%1.8=1.8=1.8=1.8=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20,121 after €7,624 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,736
Fixed assets
€150 ▼ 99.7%
Current assets
€13,586 ▼ 72.3%
Key figures and ratios
EBITDA
-€19,239▼
2024 · €28,336
Cash flow
-€23,156▼
2024 · €23,339
Solvency
-620.0%▼
2024 · -56.8%
Current ratio
0.14▼
2024 · 0.29
Debt to equity
-1.16▲
2024 · -2.76
ROA
-175.0%▼
2024 · 2.4%
Interest coverage
-5.75▼
2024 · 6.40
Debt ≤ 1 year
€97,335▼
2024 · €168,693
Income taxes
€570▼
2024 · €587
Staff costs
€53,599▼
2024 · €103,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €303,838 | €526,024 | €458,447 | €450,092 | €217,608 | ▼ 51.7% |
| Goods, raw materials, services and sundry goods60/61 | €245,173 | €425,583 | €371,689 | €313,475 | €226,116 | ▼ 27.9% |
| Remuneration, social security and pensions62 | €52,644 | €103,111 | €102,862 | €103,939 | €53,599 | ▼ 48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,408 | €19,049 | €20,712 | €20,712 | €882 | ▼ 95.7% |
| Other operating charges640/8 | €1,691 | - | €3,104 | €10,594 | €9,254 | ▼ 12.7% |
| Non-recurring operating charges66A | €1,500 | €268 | €9,665 | €4,703 | €412 | ▼ 91.2% |
| Gross operating margin9900 | €97,726 | €113,220 | €96,594 | €147,572 | €44,025 | ▼ 70.2% |
| Operating profit (loss)9901 | €15,484 | -€9,207 | -€39,749 | €7,624 | -€20,121 | ▼ 364% |
| Financial income75/76B | €201 | €30 | €101 | €15 | €0 | ▼ 99.9% |
| Recurring financial income75 | €201 | €30 | €101 | €15 | €0 | ▼ 99.9% |
| Financial charges65/66B | €4,279 | €3,548 | €4,708 | €4,425 | €3,347 | ▼ 24.4% |
| Recurring financial charges65 | €4,279 | €3,548 | €4,708 | €4,425 | €3,347 | ▼ 24.4% |
| Profit (loss) for the period before taxes9903 | €11,405 | -€12,725 | -€44,356 | €3,214 | -€23,468 | ▼ 830% |
| Income taxes67/77 | €551 | €447 | €493 | €587 | €570 | ▼ 2.8% |
| Profit (loss) for the period9904 | €10,854 | -€13,173 | -€44,849 | €2,628 | -€24,038 | ▼ 1,015% |
| Profit (loss) for the period to be appropriated9905 | €10,854 | -€13,173 | -€44,849 | €2,628 | -€24,038 | ▼ 1,015% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,803 | €116,429 | €104,501 | €107,570 | €13,736 | ▼ 87.2% |
| Fixed assets21/28 | €101,066 | €99,879 | €79,167 | €58,456 | €150 | ▼ 99.7% |
| Tangible fixed assets22/27 | €100,916 | €99,729 | €79,017 | €58,306 | €0 | ▼ 100% |
| Land and buildings22 | €9,281 | €6,801 | €4,322 | €1,843 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €7,357 | €9,874 | €7,734 | €5,594 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,950 | €11,624 | €6,430 | €1,235 | €0 | ▼ 100% |
| Leasing and similar rights25 | €0 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €82,328 | €71,430 | €60,532 | €49,634 | €0 | ▼ 100% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €31,738 | €16,550 | €25,334 | €49,115 | €13,586 | ▼ 72.3% |
| Stocks and contracts in progress3 | €1,703 | €4,619 | €4,630 | €4,394 | €0 | ▼ 100% |
| Stocks30/36 | €1,703 | €4,619 | €4,630 | €4,394 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €2,140 | €0 | €4,935 | €33,626 | €0 | ▼ 100% |
| Trade receivables40 | €2,140 | €0 | €4,935 | €33,626 | - | - |
| Other amounts receivable41 | €0 | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €26,607 | €11,932 | €15,769 | €11,095 | €13,586 | ▲ 22.5% |
| Deferred charges and accrued income490/1 | €1,288 | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,803 | €116,429 | €104,501 | €107,570 | €13,736 | ▼ 87.2% |
| Equity10/15 | -€5,729 | -€18,902 | -€63,751 | -€61,123 | -€85,161 | ▼ 39.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,880 | €20,880 | €20,880 | = |
| Reserves13 | €880 | €880 | €0 | - | - | - |
| Non-distributable reserves130/1 | €880 | €880 | €0 | - | - | - |
| Reserves not available under the articles1311 | €880 | €880 | €0 | - | - | - |
| Profit (loss) carried forward14 | -€26,609 | -€39,782 | -€84,631 | -€82,003 | -€106,041 | ▼ 29.3% |
| Amounts payable17/49 | €138,532 | €135,331 | €168,252 | €168,693 | €98,897 | ▼ 41.4% |
| Amounts payable after more than one year17 | €16,678 | €6,240 | €0 | - | - | - |
| Financial debts170/4 | €16,678 | €6,240 | €0 | - | - | - |
| Amounts payable within one year42/48 | €121,854 | €129,091 | €168,252 | €168,693 | €97,335 | ▼ 42.3% |
| Current portion of amounts payable after more than one year42 | €10,743 | €10,438 | €6,240 | €0 | - | - |
| Financial debts43 | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - |
| Trade debts44 | €0 | €9,554 | €54,387 | €34,699 | €7,987 | ▼ 77.0% |
| Suppliers440/4 | - | €9,554 | €54,387 | €34,699 | €7,987 | ▼ 77.0% |
| Taxes, remuneration and social security45 | €12,187 | €17,046 | €17,844 | €13,172 | €13,284 | ▲ 0.8% |
| Taxes450/3 | €8,803 | €12,094 | €12,500 | €8,762 | €13,284 | ▲ 51.6% |
| Remuneration and social security454/9 | €3,385 | €4,952 | €5,344 | €4,410 | €0 | ▼ 100% |
| Other amounts payable47/48 | €98,924 | €92,053 | €89,781 | €120,823 | €76,064 | ▼ 37.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,562 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,854 | -€13,173 | -€44,849 | €2,628 | -€24,038 | ▼ 1,015% |
| + Depreciation and write-downs630 | €26,408 | €19,049 | €20,712 | €20,712 | €882 | ▼ 95.7% |
| Operating cash flow (approximation) | €37,262 | €5,876 | -€24,137 | €23,339 | -€23,156 | ▼ 199% |
| Investment in fixed assets (approximation) | - | -€17,862 | €0 | €0 | €57,424 | - |
| Change in cash | - | -€14,676 | €3,837 | -€4,674 | €2,492 | ▲ 153% |
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
11-09
State Gazette act
Resignation: Olivier DESERT (director)Appointment: Loris VANDERMEULEN (director) · Registered-office move · Share transfer7 facts ▸
State Gazette act
Resignation: Olivier DESERT (director)
Appointment: Loris VANDERMEULEN (director) · Registered-office move · Share transfer7 facts ▸
- General meeting, 31-08-2025
- Registered-office move, 20 de la Rue Saint Jean en Isle à 4000 Liège
- Director resignation, Olivier DESERT (director)
- Director appointment, Loris VANDERMEULEN (director)
- Share transfer, Olivier DESERT → Srl VAD Capital
- Shareholding, 31-08-2025, 49
- Shareholding, 31-08-2025, 51
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,628
Net result €2,628 after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€44,849
Net result drops to -€44,849, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €10,854
Net result €10,854 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Loris VANDERMEULEN
CurrentDirector · since 31-08-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2019
Ground area
3,314 m²
Building footprint
1,135 m²
2 parcels, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FLANAGAN - BAR
since 20192.291.670.728
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64040B0311/00D000 | Wallonia | 3,150 m² | 1 · 1,064 m² | - |
| 62803A1181/00D000 | Wallonia | 165 m² | 1 · 71 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Loris VANDERMEULEN |
|
| Olivier DESERT |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 11-09-2026 ↗
- Loris VANDERMEULEN 49%
- Olivier DESERT 51%
Share transfer
act of 11-09-2026 ↗
- Olivier DESERT to Srl VAD Capital 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,536 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
Founded21-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0637918520
Also
9925:BE0637918520
Registered
03-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.