Equity
-€34,014
Debts exceed assets in financial year 2022.
FLAS CONSTRUCT
Lifetime
16 annual accounts with figures on one time axispeak €24,313 (2011)
-€18,619▼ €16,367
lowest -€35,996 (2010)
-€26,902▼ €21,159
peak €20,378 (2009)
-€34,014▼ €26,902
€66,243▲ 4.3%
peak 0.3 FTE (2013)
-not published
Board3 names since 2007
1 directorFLAS MICHEL
Documentsfilings and deeds
28-06-202333 days before the deadline
2022micro format
Gross margin from -€2,252 to -€18,619Loss of €26,902Equity from -€7,112 to -€34,014Cash from €15,865 to €1,810
Key points
from the 2022 annual accountsLosses
-€32,645 in two years
The 2021 and 2022 financial years closed with a loss. 2022 was the heaviest.
Debts
€66,243 206% of the balance sheet
Financial debts 18%Suppliers 8%Other 73%
Of this, €54,288 falls due within a year.
Payment terms
19 days to suppliers
FLAS CONSTRUCT pays its suppliers 31 days earlier than in 2021.
Liquidity
0.33 was 0.80 in 2021
Short-term debts rose from €44,789 to €54,288.
Filings
16 annual accounts 832 days past the deadline
2023 accounts not filed: deadline was 31-07-2024.
2022 figures too old to score
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2022. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Bankruptcy probability within 12 months
13.6% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.7%lowest value
01-2025: 8.3%▲ +1.6 percentage points vs 12-2024
02-2025: 8.3%● unchanged vs 01-2025
03-2025: 8.4%▲ +0.1 percentage points vs 02-2025
04-2025: 7.8%▼ -0.6 percentage points vs 03-2025
05-2025: 7.8%● unchanged vs 04-2025
06-2025: 8.0%▲ +0.2 percentage points vs 05-2025
07-2025: 9.3%▲ +1.3 percentage points vs 06-2025
08-2025: 12.1%▲ +2.8 percentage points vs 07-2025
09-2025: 8.2%▼ -3.9 percentage points vs 08-2025
10-2025: 8.2%● unchanged vs 09-2025
11-2025: 8.2%● unchanged vs 10-2025
12-2025: 8.2%● unchanged vs 11-2025
01-2026: 8.2%● unchanged vs 12-2025
02-2026: 14.4%▲ +6.2 percentage points vs 01-2026
03-2026: 14.4%● unchanged vs 02-2026
04-2026: 14.4%● unchanged vs 03-2026
05-2026: 14.4%● unchanged vs 04-2026
06-2026: 14.4%● unchanged vs 05-2026
07-2026: 14.6%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 13.6%▼ -1.0 percentage point vs 07-2026
09-2026: 13.6%● unchanged vs 08-2026
10-2026: 13.6%● unchanged vs 09-2026
11-2026: 13.6%● unchanged vs 10-2026
Financial strength, FY 2022Weak
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 year end31-07-2024 deadline10-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-06-2023, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
33 days early
2021
33 days early
2020
26 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 32 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Recent changes
Address struck
effective 13-11-2025 · KBO administration
Registered office moved from Thimister-Clermont to Herstal
New registered office: rue Désíré Janson n°69, 4040 Herstal · Previous registered office: Rue du Tilleul, 13-4890 Thimister-Clermont · Resignation: Flas Nicolas (director) · General meeting of 19-06-2023 · Gazette deed
New manager
Flas Nicolas appointed, Flas Thomas resigned · General meeting of 21-09-2020 · Gazette deed
Appointment: Flas Thomas (manager)
General meeting of 13-09-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLAS CONSTRUCT | €32,229 | -€18,619 | -105.5% | - |
| CAP Afsluitingen Zoersel | €31,635 | €371 | 66.2% | - |
| ETS. BULBO DAVID & Fils Ittre | €31,674 | -€8,265 | -58.3% | - |
| MIGNON DESIGN Lennik | €30,725 | -€4,894 | -288.0% | - |
| BOUWMOWA Aartselaar | €34,439 | -€420 | 40.4% | - |
| VLADI Antwerp | €33,204 | -€17,568 | -26.9% | - |
| BOUWBEDRIJF VAN MOL Affligem | €29,911 | -€12,472 | 6.6% | - |
These companies have the same main activity as FLAS CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €29,900 and €34,400, founded between 2005 and 2008.
Official details
Source: KBO- Status
- Active since 09-03-2007Normal situation
- Legal form
- Private limited company (pre-2019)
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.171.631.8424890 Thimister-Clermont, since 07-07-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on FLAS CONSTRUCT
FLAS CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from -€1,892 in 2007 to -€18,619 in 2022.
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 FLAS CONSTRUCT
- What is the company number of FLAS CONSTRUCT?
- The company number of FLAS CONSTRUCT is 0887.822.192. The VAT number is the same number with BE in front: BE 0887.822.192.
- What does FLAS CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of FLAS CONSTRUCT?
- FLAS CONSTRUCT is a private limited company (pre-2019) (BVBA).
- When was FLAS CONSTRUCT founded?
- FLAS CONSTRUCT was founded on 09-03-2007.
- Is FLAS CONSTRUCT still active?
- Yes, FLAS CONSTRUCT is an active enterprise in the KBO register.Company details
- What is the turnover of FLAS CONSTRUCT?
- The annual accounts for financial year 2022 state no turnover. In financial year 2020 turnover was €117,314.Financials
- Is FLAS CONSTRUCT profitable?
- In financial year 2022, FLAS CONSTRUCT made a loss of €26,902.
- Where can I find the annual accounts of FLAS CONSTRUCT?
- FLAS CONSTRUCT filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2022.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.