FLAS CONSTRUCT
The computed 12-month bankruptcy probability of FLAS CONSTRUCT is 0.8% (low). 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. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-34k |
| Net result | €-27k |
| Active | 19 yrs |
| Locations | 1 |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €-19k |
| Net profit | €-27k |
| Cash flow | €-21k |
| Staff costs | €543 |
| Income taxes | - |
| Dividends | - |
| Total assets | €32k |
| Equity | €-34k |
| Debt | €66k |
| of which ≤ 1y | €54k |
| of which > 1y | €12k |
| Working capital | €-36k |
| Employees (FTE) | - |
| 2022 | |
|---|---|
| Current ratio | 0.33 |
| Quick ratio | 0.33 |
| Working capital ratio | -113.1% |
| Solvency | -105.5% |
| Debt / equity | -1.95 |
| Long-term debt ratio | -0.35 |
| Interest coverage | -14.62 |
| Gross margin | - |
| Net margin | - |
| ROA | -83.5% |
| ROE | 79.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | 19d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €32k |
| Fixed assets | 21/28 | €14k |
| Tangible fixed assets | 22/27 | €14k |
| Current assets | 29/58 | €18k |
| Amounts receivable within one year | 40/41 | €15k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €32k |
| Equity | 10/15 | €-34k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €20k |
| Accumulated profits (losses) | 14 | €-72k |
| Amounts payable | 17/49 | €66k |
| Amounts payable after one year | 17 | €12k |
| Amounts payable within one year | 42/48 | €54k |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €-19k |
| Operating result | 9901 | €-26k |
| Financial income | 75 | €93 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-27k |
| Net result for the period | 9904 | €-27k |
| Result to be appropriated | 9905 | €-27k |
| NACE primary | Construction of buildings(41001) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 09-03-2007 |
| Status | Active |
| Postal code | - |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| 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. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
08-08-2023 Registered office moved to Herstal
- rue Désiré Janson 69, 4040 Herstal
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": null,
"old_address": {
"raw": null,
"city": "Dison",
"region": "waals_gewest",
"street": "rue de Mont",
"country": "BE",
"postcode": "4820",
"box_number": "1",
"street_number": "113",
"locality_suffix": null
},
"effective_date": "2022-11-01",
"evidence_quote": "L\u0027assembl\u00E9e accepte la d\u00E9mission de Monsieur Flas Nicolas domicili\u00E9 rue de Mont n\u00B0113 boite 1 \u00E0 4820 Dison de sa fonction d\u0027administrateur avec effet r\u00E9troactif.au 01 novembre 2022 au sein de la SRL Flas Construct.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "retroactive",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
},
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": null,
"city": "Herstal",
"region": "waals_gewest",
"street": "rue D\u00E9sir\u00E9 Janson",
"country": "BE",
"postcode": "4040",
"box_number": null,
"street_number": "69",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "L\u0027 assembl\u00E9e prend acte du transfert du si\u00E8ge social \u00E0 4040 Herstal, rue D\u00E9sir\u00E9 Janson n\u00B069 avec effet imm\u00E9diat.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-06-19",
"act_kind_objet": "D\u00E9mission-Transfert si\u00E8ge social"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-06-19",
"unanimous": null
},
"subject_company": {
"kbo": "0887.822.192",
"name_full": "FLAS CONSTRUCT",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Flas Nicolas",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur sortant"
},
"co_filed_documents": [
"PV du 19.06.2023"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal name | FLAS CONSTRUCT |