FLAS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of FLAS CONSTRUCT is 3.2% (moderate). For FLAS CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (€-34k) and a net result of €-27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7970 sector peers (fiscal year 2022). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0▼-6
Solvency0▼-12
Growth53=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
-105.5%
Return on assets
-83.5%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 close31-07-2024 deadline25-09-2026 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 confirmed
2024
not filed
2023
not filed
2022
33 d early
2021
33 d early
2020
26 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€117k▲ 17.5%
2019 · €100k
2018: €85klowest in 3 years
2019: €100k▲ +18.1% vs 2018
2020: €117k▲ +17.5% vs 2019highest in 3 years
2018 → 2020
EBIT margin
1.9%▼ 0.8pp
2019 · 2.7%
2018: -8.9%lowest in 3 years
2019: 2.7%▲ +130% vs 2018highest in 3 years
2020: 1.9%▼ -31.3% vs 2019
2018 → 2020
Net result
€-27k▼ 368%
2021 · €-6k
2018: €141
2019: €2k▲ +1150% vs 2018highest in 5 years
2020: €1k▼ -23.1% vs 2019
2021: €-6k▼ -524% vs 2020
2022: €-27k▼ -368% vs 2021lowest in 5 years
2018 → 2022
Working capital
€-36k▼ 302%
2021 · €-9k
2018: €-6k
2019: €-3k▲ +55.8% vs 2018
2020: €-704▲ +73.3% vs 2019highest in 5 years
2021: €-9k▼ -1189% vs 2020
2022: €-36k▼ -302% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€85k-€100k▲ 18.1%€117k▲ 17.5%
2018: €85klowest in 3 years
2019: €100k▲ +18.1% vs 2018
2020: €117k▲ +17.5% vs 2019highest in 3 years
Equity€-4k-€-3k▲ 39.3%€-1k▲ 49.8%€-7k▼ 420%€-34k▼ 378%
2018: €-4k
2019: €-3k▲ +39.3% vs 2018
2020: €-1k▲ +49.8% vs 2019highest in 5 years
2021: €-7k▼ -420% vs 2020
2022: €-34k▼ -378% vs 2021lowest in 5 years
Operating result€-8k-€3k€2k▼ 19.2%€-8k€-26k▼ 240%
2018: €-8k
2019: €3k▲ +136% vs 2018highest in 5 years
2020: €2k▼ -19.2% vs 2019
2021: €-8k▼ -445% vs 2020
2022: €-26k▼ -240% vs 2021lowest in 5 years
Net result€141-€2k▲ 1,150%€1k▼ 23.1%€-6k€-27k▼ 368%
2018: €141
2019: €2k▲ +1150% vs 2018highest in 5 years
2020: €1k▼ -23.1% vs 2019
2021: €-6k▼ -524% vs 2020
2022: €-27k▼ -368% vs 2021lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2022 against €8k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €32k
Fixed assets
€14k ▼ 30.4%
Current assets
€18k ▼ 50.1%
Key figures and ratios
EBITDA
€-19k▼
2021 · €-3k
Cash flow
€-21k▼
2021 · €-2k
Solvency
-105.5%▼
2021 · -12.6%
Current ratio
0.33▼
2021 · 0.80
Debt to equity
-1.95▲
2021 · -8.93
ROA
-83.5%▼
2021 · -10.2%
Interest coverage
-14.62▼
2021 · -2.29
Debt
€66k▲
2021 · €63k
Debt ≤ 1 year
€54k▲
2021 · €45k
Debt > 1 year
€12k▼
2021 · €19k
Staff costs
€543▼
2021 · €727
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 · 2022 against 2021 · 45 lines
Balance sheet
Code20212022
Assets
Total assets20/58€56k€32k▼
Fixed assets21/28€21k€14k▼
Tangible fixed assets22/27€21k€14k▼
Furniture and vehicles24€21k€14k▼
Current assets29/58€36k€18k▼
Stocks and contracts in progress3€7k-
Stocks30/36€7k-
Amounts receivable within one year40/41€11k€15k▲
Trade receivables40€10k€15k▲
Other amounts receivable41€2k€44▼
Cash at bank and in hand54/58€16k€2k▼
Deferred charges and accrued income490/1€2k€932▼
Equity and liabilities
Total equity and liabilities10/49€56k€32k▼
Equity10/15€-7k€-34k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-45k€-72k▼
Amounts payable17/49€63k€66k▲
Amounts payable after more than one year17€19k€12k▼
Financial debts170/4€19k€12k▼
Amounts payable within one year42/48€45k€54k▲
Current portion of amounts payable after more than one year42€10k€7k▼
Financial debts43€90€94▲
Credit institutions430/8€90€94▲
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Other amounts payable47/48€17k€42k▲
Income statement
Code20212022
Goods, raw materials, services and sundry goods60/61€130k€107k▼
Remuneration, social security and pensions62€727€543▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€357€236▼
Gross operating margin9900€-2k€-19k▼
Operating profit (loss)9901€-8k€-26k▼
Financial income75/76B€3k€93▼
Recurring financial income75€3k€93▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-6k€-27k▼
Profit (loss) for the period9904€-6k€-27k▼
Profit (loss) for the period to be appropriated9905€-6k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-72k▼
Profit (loss) brought forward from the previous period14P€-40k€-45k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €85k | €100k | €117k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €130k | €107k | ▼ 17.4% |
| Remuneration, social security and pensions62 | - | - | - | €727 | €543 | ▼ 25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €6k | €4k | €6k | ▲ 48.8% |
| Other operating charges640/8 | - | - | - | €357 | €236 | ▼ 33.9% |
| Gross operating margin9900 | €-129 | €11k | €9k | €-2k | €-19k | ▼ 727% |
| Operating profit (loss)9901 | €-8k | €3k | €2k | €-8k | €-26k | ▼ 240% |
| Financial income75/76B | - | - | - | €3k | €93 | ▼ 97.1% |
| Recurring financial income75 | €2 | €1 | €7 | €3k | €93 | ▼ 97.1% |
| Financial charges65/66B | - | - | - | €1k | €1k | ▼ 8.8% |
| Recurring financial charges65 | €825 | €942 | €837 | €1k | €1k | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €141 | €2k | €1k | €-6k | €-27k | ▼ 368% |
| Profit (loss) for the period9904 | €141 | €2k | €1k | €-6k | €-27k | ▼ 368% |
| Profit (loss) for the period to be appropriated9905 | €141 | €2k | €1k | €-6k | €-27k | ▼ 368% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €35k | €26k | €56k | €32k | ▼ 42.8% |
| Fixed assets21/28 | €19k | €13k | €7k | €21k | €14k | ▼ 30.4% |
| Tangible fixed assets22/27 | €19k | €13k | €7k | €21k | €14k | ▼ 30.4% |
| Furniture and vehicles24 | - | - | - | €21k | €14k | ▼ 30.4% |
| Current assets29/58 | €14k | €23k | €20k | €36k | €18k | ▼ 50.1% |
| Stocks and contracts in progress3 | €5k | €12k | - | €7k | - | - |
| Stocks30/36 | - | - | - | €7k | - | - |
| Amounts receivable within one year40/41 | €909 | €4k | €10k | €11k | €15k | ▲ 31.3% |
| Trade receivables40 | - | - | - | €10k | €15k | ▲ 55.9% |
| Other amounts receivable41 | - | - | - | €2k | €44 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €8k | €6k | €8k | €16k | €2k | ▼ 88.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €932 | ▼ 39.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €35k | €26k | €56k | €32k | ▼ 42.8% |
| Equity10/15 | €-4k | €-3k | €-1k | €-7k | €-34k | ▼ 378% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | - | €19k | €19k | = |
| Issued capital100 | - | - | - | €19k | €19k | = |
| Reserves13 | €20k | €20k | €20k | €20k | €20k | = |
| Distributable reserves133 | - | - | - | €20k | €20k | = |
| Profit (loss) carried forward14 | €-43k | €-41k | €-40k | €-45k | €-72k | ▼ 59.4% |
| Amounts payable17/49 | €38k | €38k | €28k | €63k | €66k | ▲ 4.3% |
| Amounts payable after more than one year17 | €18k | €13k | €7k | €19k | €12k | ▼ 36.1% |
| Financial debts170/4 | - | - | - | €19k | €12k | ▼ 36.1% |
| Amounts payable within one year42/48 | €20k | €25k | €20k | €45k | €54k | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | €7k | ▼ 34.8% |
| Financial debts43 | - | - | - | €90 | €94 | ▲ 3.8% |
| Credit institutions430/8 | - | - | - | €90 | €94 | ▲ 3.8% |
| Trade debts44 | €9k | €10k | €9k | €18k | €6k | ▼ 69.1% |
| Suppliers440/4 | - | - | - | €18k | €6k | ▼ 69.1% |
| Other amounts payable47/48 | - | - | - | €17k | €42k | ▲ 154% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141 | €2k | €1k | €-6k | €-27k | ▼ 368% |
| + Depreciation and write-downs630 | €7k | €7k | €6k | €4k | €6k | ▲ 48.8% |
| Operating cash flow (approximation) | €7k | €9k | €8k | €-2k | €-21k | ▼ 1,251% |
| Investment in fixed assets (approximation) | - | €0 | €-516 | €-18k | €0 | ▲ 100% |
| Change in cash | - | €-2k | €2k | €8k | €-14k | ▼ 275% |
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
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €2k ▲1,150%
Operating result €3k, net result €2k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
2015
17-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
21-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Herstal · 1 establishment unit since 2008
Ground area
2,133 m²
Building footprint
295 m²
Volume, LiDAR
1,508 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLAS CONSTRUCT
since 20082.171.631.842
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017A0515/00X000 | Wallonia | 1,914 m² | 1 · 208 m² | 5.3 m · 1 fl. |
| 62315G0646/00P002 | Wallonia | 219 m² | 1 · 87 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 2,322 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 (pre-2019)
Founded09-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.