Equity
€1.8m ▲ 48.2%
Flanders granulation technology has made a profit without a break since 2022.
Flanders granulation technology
Lifetime
14 annual accounts with figures on one time axispeak €91,937 (2018)
€11,550▼ 19.6%
lowest -€80,631 (2021)
€600,695▲ 229%
peak €1.8m (2025)
€1.8m▲ 48.2%
€119,996▲ 75.1%
Board1 name since 2011
1 directorMonstrey Ken
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €14,371 to €11,550Result from €182,483 to €600,695Equity from €1.2m to €1.8mDebts from €68,541 to €119,996Cash from €323,544 to €932,014
Key points
from the 2025 annual accountsResult
€600,695 ▲ 229%
The result rose in 2025 from €182,483 to €600,695.
Turnover
≈ €52,000 estimated
The micro format states no turnover.
Debts
€119,996 ▲ 75.1%
Debts rose by €51,455 in 2025.
Filings
14 annual accounts since 2012
Three of the last ten came late. The 2020 accounts came latest: 26 days after the end of the period.
Position in the sector
€600,695
Higher net result than 95% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Checked score
97
Excellent
Financially stronger than 73% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 11.73, cash €932,014
Size: total assets €2.0m
Equity €1.8m (93.9% of total assets)
Figures for financial year 2025 (filed on 01-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 97% on liquidity, 25% on profitability and 81% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as Flanders granulation technology has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Flanders granulation technology itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for Flanders granulation technology. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.73 (9.7 in 2024), above the usual 1.5. Short-term debt is 5.9% and cash 47.4% of total assets. 6.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
3 days early
2023
33 days early
2022
17 days late
2021
9 days late
2020
26 days late
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832813294
Change of role: Monstrey Ken, from manager to director
Director discharge: Monstrey Ken · General meeting of 16-08-2022 · Gazette deed
Incorporation
published on 27-01-2011 · Gazette deed
First establishment
Godtschalckstraat 3.2v, Ostend
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Flanders granulation technology Ostend | €2.0m | €11,550 | 93.9% | - |
| Longue Haie Watermael-Boitsfort | €1.2m | €8,868 | -1.2% | - |
| TRAEN Torhout | €1.0m | €12,916 | 67.2% | - |
| MOAX Kruisem | €1.6m | €21,465 | 21.5% | 0.2 |
| GROUPE PIRNAY Charleroi | €1.0m | €13,946 | 10.7% | - |
| CRESCENDO Leuven | €1.1m | €12,331 | 93.5% | 0.6 |
| BUREAU WOSCHEK FAMILY OFFICE Welkenraedt | €3.5m | €10,319 | -79.2% | - |
These companies have the same main activity as Flanders granulation technology: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €955,000 and €3.5m, founded between 2000 and 2015.
Official details
Source: KBO- Status
- Active since 14-01-2011Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 1 other
- Establishment unit
- 2.196.298.0518400 Ostend, since 13-01-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 01-09-2025
Annual accounts 2025
- €2.0m▲ 49.6%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on Flanders granulation technology
Flanders granulation technology files the micro format. That format states no turnover. The gross margin fell from €43,098 in 2012 to €11,550 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Flanders granulation technology
- What is the company number of Flanders granulation technology?
- The company number of Flanders granulation technology is 0832.813.294. The VAT number is the same number with BE in front: BE 0832.813.294.
- Where is Flanders granulation technology based?
- The registered office is at Godtschalckstraat 3 2v, 8400 Ostend.Company details
- What does Flanders granulation technology do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Flanders granulation technology?
- Flanders granulation technology is a private limited company (BV).
- When was Flanders granulation technology founded?
- Flanders granulation technology was founded on 14-01-2011.
- Is Flanders granulation technology still active?
- Yes, Flanders granulation technology is an active enterprise in the KBO register.
- What is the turnover of Flanders granulation technology?
- The turnover in financial year 2025 is ≈ €52,000. This figure is estimated from the gross margin of €11,550 and 30 comparable companies (NACE 71121). It probably lies between €36,000 and €98,000. It is a rough estimate.Financials
- Is Flanders granulation technology profitable?
- In financial year 2025, Flanders granulation technology made a profit of €600,695.
- Where can I find the annual accounts of Flanders granulation technology?
- Flanders granulation technology filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Flanders granulation technology due?
- Flanders granulation technology must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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