FLANDERS INTERNATIONAL TRADING
ActiveSummary
FLANDERS INTERNATIONAL TRADING has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €995k and a net result of €50k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 63% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▲+13
Solvency82▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.91 in 2023; short-term debt: 39.9% and cash: 2.4% of total assets), and 43.3% of the assets are financed with debt.
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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.7%
Return on assets
2.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
15 d early
2022
17 d early
2021
6 d early
2020
54 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€995k▲ 5.3%
2023 · €945k
2018: €849k
2019: €880k
2020: €882k
2021: €917k
2022: €925k
2023: €945k
2018 → 2024
Total assets
€1.75M▲ 12.6%
2023 · €1.56M
2018: €2.53M
2019: €2.39M
2020: €2.10M
2021: €2.26M
2022: €1.69M
2023: €1.56M
2018 → 2024
Net result
€50k▲ 156%
2023 · €20k
2018: €-109k
2019: €31k
2020: €3k
2021: €34k
2022: €8k
2023: €20k
2018 → 2024
Working capital
€810k▼ 18.6%
2023 · €996k
2018: €932k
2019: €881k
2020: €831k
2021: €843k
2022: €1.01M
2023: €996k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€882k-€917k▲ 3.9%€925k▲ 0.9%€945k▲ 2.1%€995k▲ 5.3%
Operating result€17k-€70k▲ 318%€33k▼ 53.0%€94k▲ 185%€78k▼ 17.0%
Net result€3k-€34k▲ 1,110%€8k▼ 75.3%€20k▲ 132%€50k▲ 156%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.75M
Fixed assets
€244k ▲ 508%
Current assets
€1.51M ▼ 0.5%
Equity and liabilities €1.75M
Equity
€995k ▲ 5.3%
Debt
€759k ▲ 23.8%
Debt's share of the balance-sheet total rises from 39.4% to 43.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▼
2023 · €104k
Cash flow
€74k▲
2023 · €30k
Current ratio
2.16▼
2023 · 2.91
Quick ratio
1.94▼
2023 · 2.59
Debt to equity
0.76▲
2023 · 0.65
ROE
5.1%▲
2023 · 2.1%
ROA
2.9%▲
2023 · 1.3%
Interest coverage
2.33▲
2023 · 1.08
Debt ≤ 1 year
€699k▲
2023 · €522k
Debt > 1 year
€56k▼
2023 · €86k
Income taxes
€25k▲
2023 · €13k
Staff costs
€178k▲
2023 · €173k
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.56M€1.75M▲
Fixed assets21/28€40k€244k▲
Intangible fixed assets21-€3k
Tangible fixed assets22/27€39k€177k▲
Plant, machinery and equipment23€9k€10k▲
Furniture and vehicles24-€129k
Other tangible fixed assets26€30k€39k▲
Financial fixed assets28€765€64k▲
Current assets29/58€1.52M€1.51M▼
Stocks and contracts in progress3€164k€155k▼
Stocks30/36€164k€155k▼
Amounts receivable within one year40/41€1.20M€1.31M▲
Trade receivables40€771k€770k▼
Other amounts receivable41€428k€541k▲
Cash at bank and in hand54/58€155k€42k▼
Deferred charges and accrued income490/1€0€342▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.75M▲
Equity10/15€945k€995k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€883k€933k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€36k€36k=
Distributable reserves133€841k€891k▲
Amounts payable17/49€613k€759k▲
Amounts payable after more than one year17€86k€56k▼
Financial debts170/4€86k€56k▼
Amounts payable within one year42/48€522k€699k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€300k€370k▲
Credit institutions430/8€300k€370k▲
Trade debts44€22k€185k▲
Suppliers440/4€22k€185k▲
Taxes, remuneration and social security45€116k€82k▼
Taxes450/3€93k€59k▼
Remuneration and social security454/9€24k€23k▼
Other amounts payable47/48€55k€32k▼
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20232024
Non-recurring operating income76A-€52k
Remuneration, social security and pensions62€173k€178k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€24k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€279k€282k▲
Operating profit (loss)9901€94k€78k▼
Financial income75/76B€35k€41k▲
Recurring financial income75€35k€41k▲
Financial charges65/66B€96k€44k▼
Recurring financial charges65€96k€44k▼
Profit (loss) for the period before taxes9903€33k€76k▲
Income taxes67/77€13k€25k▲
Profit (loss) for the period9904€20k€50k▲
Profit (loss) for the period to be appropriated9905€20k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€50k▲
Transfer to equity691/2€20k€50k▲
To other reserves6921€20k€50k▲
Social balance
Average headcount (FTE)90871.81.8=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-09
State Gazette act
Board meeting · Registered-office moveRegistered-office move · Power of attorney8 facts ▸
State Gazette act
Board meeting · Registered-office move
Registered-office move · Power of attorney8 facts ▸
- Board meeting, 31-08-2026
- Registered-office move, Coupure 578 bus 1B, 9000 Gent
- Power of attorney, Nadine Crocaerts
- Power of attorney, Julie Vandenweghe
- Power of attorney, Erin Verhaeghen
- Power of attorney, Timon Sohier
- Power of attorney, Stephanie Struyfs
- Power of attorney, Anton Baeten
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €50k ▲156%
Net result €50k, the highest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1985
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.
Coupure 5789000 GentGround area
2,926 m²
Building footprint
2,520 m²
Parcel 44815F2455/00G002, Flanders. Linked by address, not a title deed.
1 establishment unit
Coupure 578, 9000 Gent
since 19852.027.924.461
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2455/00G002 | Flanders | 2,926 m² | 1 · 2,520 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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COECKE MACHINES INTERNATIONAL
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Of 828 companies in sector 46620 we hold annual accounts for 642. 517 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-09-1985
Fiscal year end31-12
Abbreviation NL
Flint
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.