Equity
€9.6m ▲ 13.3%
FLANDERS SURPLUS has made a profit without a break since 2008.
FLANDERS SURPLUS
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €2.7m (2021)
€2.0m▲ 2.9%
lowest -€515 (2007)
€1.1m▲ 8.9%
peak €9.6m (2025)
€9.6m▲ 13.3%
€2.0m▲ 7.2%
peak 2.5 FTE (2017)
-not published
Board3 names since 2018
3 directors and 2 others
Documentsfilings and deeds
04-08-20264 days late
2025abbreviated format
Equity from €8.4m to €9.6mCash from €2.5m to €1.6m
Key points
from the 2025 annual accountsTurnover
≈ €8.2m estimated
The abbreviated format states no turnover.
Investments
€65,116 0.4 × depreciation
Green is investment, beige is depreciation.
Filings
31 annual accounts since 1995
Two of the last ten came late. The 2025 accounts came latest: 4 days after the end of the period.
Board
3 joined
New directors. Latest change 26-05-2026 · 3 in office.
Position in the sector
€1.1m
Higher net result than 95% of companies in wholesale trade. Sector median €38,114 · 10,731 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,575 companies had the same profile as FLANDERS SURPLUS has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,575 companies, not a prediction for FLANDERS SURPLUS. 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
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Signals
Board and ownership
Managing director
Director, since 26-05-2026
Director, since 26-05-2026
Recent changes
New establishment in Waregem
Mannebeekstraat 1
3 directors reappointed
, and (managing director) · General meeting of 26-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453693348
3 directors resigning, 3 reappointments
Resignations: , and · Reappointments: , and · Director discharge: · Board meeting of 16-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLANDERS SURPLUS Zulte | €11.6m | €2.0m | 82.4% | - |
| Boons FIS Nazareth-De Pinte | €9.4m | €2.4m | 66.5% | 13.4 |
| Zayo Infrastructure Belgium Brussels | €8.6m | €1.5m | 47.1% | 0 |
| G. SMET Beveren-Kruibeke-Zwijndrecht | €6.4m | €1.5m | 73.6% | 6.1 |
| PME Zottegem | €6.6m | €1.6m | 16.3% | 15.1 |
| FLUKE BELGIUM Ghent | €7.8m | €1.0m | 83.3% | 6.1 |
| ITE Sint-Niklaas | €7.8m | €1.2m | 93.7% | 11.3 |
These companies have the same main activity as FLANDERS SURPLUS: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €6.4m and €9.4m, founded between 1986 and 1996.
Official details
Source: KBO- Status
- Active since 24-10-1994Normal situation
- Activity
- Wholesale of electrical equipment, including installation materialsNACE 46643and 7 others
- Establishment units
- 2.069.711.9629870 Zulte, since 02-01-1995
- 2.267.057.0768790 Waregem, since 23-06-2017and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 22-10-2025
Insights on FLANDERS SURPLUS
FLANDERS SURPLUS files the abbreviated format. That format states no turnover. The gross margin rose from €122,362 in 2006 to €2.0m 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 SURPLUS
- What is the company number of FLANDERS SURPLUS?
- The company number of FLANDERS SURPLUS is 0453.693.348. The VAT number is the same number with BE in front: BE 0453.693.348.
- Where is FLANDERS SURPLUS based?
- The registered office is at Leenstraat 9, 9870 Zulte.Company details
- What does FLANDERS SURPLUS do?
- According to the KBO register, the main activity is wholesale of electrical equipment, including installation materials (NACE 46643).
- What is the legal form of FLANDERS SURPLUS?
- FLANDERS SURPLUS is a public limited company (NV).
- When was FLANDERS SURPLUS founded?
- FLANDERS SURPLUS was founded on 24-10-1994.
- Is FLANDERS SURPLUS still active?
- Yes, FLANDERS SURPLUS is an active enterprise in the KBO register.
- How many employees does FLANDERS SURPLUS have?
- FLANDERS SURPLUS had an average of 2.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of FLANDERS SURPLUS?
- The turnover in financial year 2025 is ≈ €8.2m. This figure is estimated from the gross margin of €2.0m and 96 comparable companies (NACE 46). It probably lies between €4.9m and €14.0m.
- Is FLANDERS SURPLUS profitable?
- In financial year 2025, FLANDERS SURPLUS made a profit of €1.1m.
- Where can I find the annual accounts of FLANDERS SURPLUS?
- FLANDERS SURPLUS filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLANDERS SURPLUS due?
- FLANDERS SURPLUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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