FLAPJACK
ActiveSummary
FLAPJACK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 2.64 in 2024; short-term debt: 23.7% and cash: 29.8% of total assets), and 23.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.3%
Return on assets
72.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
18 d early
2024
59 d early
2023
25 d early
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 61.9%
2024 · €119k
2022: €34klowest in 4 years
2023: €69k▲ +105% vs 2022
2024: €119k▲ +72.4% vs 2023highest in 4 years
2025: €45k▼ -61.9% vs 2024
2022 → 2025
Total assets
€59k▼ 65.3%
2024 · €171k
2022: €110k
2023: €129k▲ +17.2% vs 2022
2024: €171k▲ +32.7% vs 2023highest in 4 years
2025: €59k▼ -65.3% vs 2024lowest in 4 years
2022 → 2025
Net result
€43k▼ 14.3%
2024 · €50k
2022: €31klowest in 4 years
2023: €35k▲ +13.7% vs 2022
2024: €50k▲ +41.1% vs 2023highest in 4 years
2025: €43k▼ -14.3% vs 2024
2022 → 2025
Working capital
€26k▼ 70.2%
2024 · €86k
2022: €12klowest in 4 years
2023: €36k▲ +213% vs 2022
2024: €86k▲ +136% vs 2023highest in 4 years
2025: €26k▼ -70.2% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€34k-€69k▲ 105%€119k▲ 72.4%€45k▼ 61.9%
2022: €34klowest in 4 years
2023: €69k▲ +105% vs 2022
2024: €119k▲ +72.4% vs 2023highest in 4 years
2025: €45k▼ -61.9% vs 2024
Operating result€41k-€46k▲ 13.0%€65k▲ 41.5%€56k▼ 14.2%
2022: €41klowest in 4 years
2023: €46k▲ +13.0% vs 2022
2024: €65k▲ +41.5% vs 2023highest in 4 years
2025: €56k▼ -14.2% vs 2024
Net result€31k-€35k▲ 13.7%€50k▲ 41.1%€43k▼ 14.3%
2022: €31klowest in 4 years
2023: €35k▲ +13.7% vs 2022
2024: €50k▲ +41.1% vs 2023highest in 4 years
2025: €43k▼ -14.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€20k ▼ 40.5%
Current assets
€40k ▼ 71.3%
Equity and liabilities €59k
Equity
€45k ▼ 61.9%
Debt
€14k ▼ 73.0%
Debt's share of the balance-sheet total falls from 30.5% to 23.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€71k▼
2024 · €80k
Cash flow
€58k▼
2024 · €65k
Current ratio
2.81▲
2024 · 2.64
Debt to equity
0.31▼
2024 · 0.44
ROE
94.5%▲
2024 · 42.0%
ROA
72.1%▲
2024 · 29.2%
Interest coverage
42.31▼
2024 · 53.52
Debt ≤ 1 year
€14k▼
2024 · €52k
Income taxes
€11k▼
2024 · €13k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€171k€59k▼
Fixed assets21/28€33k€20k▼
Tangible fixed assets22/27€33k€20k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€8k€5k▼
Leasing and similar rights25€25k€13k▼
Current assets29/58€138k€40k▼
Amounts receivable within one year40/41€28k€22k▼
Trade receivables40€28k€18k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€110k€18k▼
Equity and liabilities
Total equity and liabilities10/49€171k€59k▼
Equity10/15€119k€45k▼
Contributions10/11€3k€3k=
Reserves13€117k€43k▼
Distributable reserves133€117k€43k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€52k€14k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€52k€14k▼
Current portion of amounts payable after more than one year42€15k€0▼
Trade debts44€6k€605▼
Suppliers440/4€6k€605▼
Taxes, remuneration and social security45€22k€8k▼
Taxes450/3€22k€8k▼
Remuneration and social security454/9€412€0▼
Other amounts payable47/48€8k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€81k€72k▼
Operating profit (loss)9901€65k€56k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€64k€54k▼
Income taxes67/77€13k€11k▼
Profit (loss) for the period9904€50k€43k▼
Profit (loss) for the period to be appropriated9905€50k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€43k▼
Transfer from equity791/2-€117k
Transfer to equity691/2€50k€43k▼
To other reserves6921€50k€43k▼
Profit to be distributed694/7-€117k
Return on contributions (dividend)694-€117k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €15k | €15k | €15k | ▲ 0.1% |
| Other operating charges640/8 | €2k | €2k | €2k | €1k | ▼ 15.1% |
| Gross operating margin9900 | €56k | €63k | €81k | €72k | ▼ 11.6% |
| Operating profit (loss)9901 | €41k | €46k | €65k | €56k | ▼ 14.2% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €1k | €1k | €1k | €2k | ▲ 11.9% |
| Recurring financial charges65 | €1k | €1k | €1k | €2k | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €40k | €45k | €64k | €54k | ▼ 14.8% |
| Income taxes67/77 | €8k | €9k | €13k | €11k | ▼ 16.8% |
| Profit (loss) for the period9904 | €31k | €35k | €50k | €43k | ▼ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €31k | €35k | €50k | €43k | ▼ 14.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €110k | €129k | €171k | €59k | ▼ 65.3% |
| Fixed assets21/28 | €53k | €48k | €33k | €20k | ▼ 40.5% |
| Tangible fixed assets22/27 | €53k | €48k | €33k | €20k | ▼ 40.5% |
| Plant, machinery and equipment23 | €1k | €2k | €1k | €2k | ▲ 83.1% |
| Furniture and vehicles24 | €3k | €10k | €8k | €5k | ▼ 32.4% |
| Leasing and similar rights25 | €49k | €37k | €25k | €13k | ▼ 48.8% |
| Current assets29/58 | €58k | €81k | €138k | €40k | ▼ 71.3% |
| Amounts receivable within one year40/41 | €32k | €21k | €28k | €22k | ▼ 23.0% |
| Trade receivables40 | €32k | €21k | €28k | €18k | ▼ 36.2% |
| Other amounts receivable41 | - | - | - | €4k | - |
| Cash at bank and in hand54/58 | €25k | €60k | €110k | €18k | ▼ 83.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €110k | €129k | €171k | €59k | ▼ 65.3% |
| Equity10/15 | €34k | €69k | €119k | €45k | ▼ 61.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €31k | €67k | €117k | €43k | ▼ 63.2% |
| Distributable reserves133 | €31k | €67k | €117k | €43k | ▼ 63.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €76k | €60k | €52k | €14k | ▼ 73.0% |
| Amounts payable after more than one year17 | €31k | €15k | €0 | - | - |
| Financial debts170/4 | €31k | €15k | €0 | - | - |
| Amounts payable within one year42/48 | €46k | €45k | €52k | €14k | ▼ 73.0% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €15k | €0 | ▼ 100% |
| Trade debts44 | €3k | €2k | €6k | €605 | ▼ 90.0% |
| Suppliers440/4 | €3k | €2k | €6k | €605 | ▼ 90.0% |
| Taxes, remuneration and social security45 | €21k | €21k | €22k | €8k | ▼ 64.1% |
| Taxes450/3 | €18k | €17k | €22k | €8k | ▼ 63.4% |
| Remuneration and social security454/9 | €4k | €4k | €412 | €0 | ▼ 100% |
| Other amounts payable47/48 | €7k | €6k | €8k | €5k | ▼ 35.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €35k | €50k | €43k | ▼ 14.3% |
| + Depreciation and write-downs630 | €14k | €15k | €15k | €15k | ▲ 0.1% |
| Operating cash flow (approximation) | €45k | €50k | €65k | €58k | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €-1k | - |
| Change in cash | - | €34k | €50k | €-92k | ▼ 284% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2022net €50k ▲41.1%
Operating result €65k, net result €50k, both a record.
31-03
Financial
Equity above €100kEq €119k ▲72.4%
3 profitable years in a row build equity to €119k.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Alveringem · 1 establishment unit since 2021
Ground area
827 m²
Building footprint
186 m²
Volume, LiDAR
1,174 m³
Parcel 38004C0200/00D002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Flapjack
since 20212.314.874.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38004C0200/00D002 | Flanders | 827 m² | 1 · 186 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,017 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
Founded19-03-2021
Fiscal year end31-03
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.