FLANDERS PVC
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-04-2026 PDF
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 0 |
| part-time | 1 |
| in full-time equivalents | 0.9 |
| Average over the year, in full-time equivalents | 1.8 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-09-2025 |
|---|---|
| Tangible fixed assets | €267,268 |
| Depreciation and write-downs of the year | €66,461 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €96 awarded · €96 paid| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €226,859 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,461 |
| Other operating charges640/8 | €2,953 |
| Non-recurring operating charges66A | €5,331 |
| Gross operating margin9900 | €208,698 |
| Operating profit (loss)9901 | -€92,905 |
| Financial income75/76B | €1,737 |
| Recurring financial income75 | €1,737 |
| Financial charges65/66B | €28,215 |
| Recurring financial charges65 | €28,215 |
| Profit (loss) for the period before taxes9903 | -€119,384 |
| Income taxes67/77 | €205 |
| Profit (loss) for the period9904 | -€119,588 |
| Profit (loss) for the period to be appropriated9905 | -€119,588 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €608,332 | |
| Formation expenses20 | €1,933 | |
| Fixed assets21/28 | €201,633 | |
| Tangible fixed assets22/27 | €201,633 | |
| Plant, machinery and equipment23 | €38,512 | |
| Furniture and vehicles24 | €26,072 | |
| Leasing and similar rights25 | €137,048 | |
| Current assets29/58 | €404,767 | |
| Stocks and contracts in progress3 | €255,917 | |
| Stocks30/36 | €181,474 | |
| Contracts in progress37 | €74,442 | |
| Amounts receivable within one year40/41 | €145,951 | |
| Trade receivables40 | €145,828 | |
| Other amounts receivable41 | €124 | |
| Cash at bank and in hand54/58 | €67 | |
| Deferred charges and accrued income490/1 | €2,832 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €608,332 | |
| Equity10/15 | -€111,388 | |
| Contributions10/11 | €8,200 | |
| Profit (loss) carried forward14 | -€119,588 | |
| Amounts payable17/49 | €719,721 | |
| Amounts payable after more than one year17 | €201,129 | |
| Financial debts170/4 | €201,129 | |
| Amounts payable within one year42/48 | €518,592 | |
| Current portion of amounts payable after more than one year42 | €68,871 | |
| Financial debts43 | €150,000 | |
| Credit institutions430/8 | €150,000 | |
| Trade debts44 | €244,379 | |
| Suppliers440/4 | €244,379 | |
| Taxes, remuneration and social security45 | €50,500 | |
| Taxes450/3 | €23,626 | |
| Remuneration and social security454/9 | €26,874 | |
| Other amounts payable47/48 | €4,841 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€119,588 |
| + Depreciation and write-downs630 | €66,461 |
| Operating cash flow (approximation) | -€53,127 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as FLANDERS PVC has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLANDERS PVC itself: 11.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for FLANDERS PVC. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 25-04-2026 | 2026-00087549 |