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FLAS CONSTRUCT

Active Private limited company (pre-2019)founded 2007active for 19 yearsKBO/BCE: BE 0887.822.192
FLAS CONSTRUCT
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Overview

Lifetime

16 annual accounts with figures on one time axis
peak €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 accounts

Equity

-€34,014
20182019202020212022

Debts exceed assets in financial year 2022.

Losses

-€32,645 in two years
-5,7432021-26,9022022

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
Suppliers
50 to 19

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
AprilJune31 JulyOctober201020152020

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 2022
Weak

0-12equity -105.5% of total assets
7-35short-term debt 168.4% · cash 5.6%
0-6return on assets -83.5%
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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2022 (filed on 28-06-2023)
NBB · annual accounts
raises risk · 3 financial years not filed after the legal deadline
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
lowers risk · Size: total assets €32,229
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Position 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 filings
Deviation 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 publications
Publications
Address struck

Board and ownership

FM
FLAS MICHEL
Director, since 27-02-2007
Board & ownership

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
All 27 events

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
Company details

Annual accounts 2022

-€18,619▼ 727%
€26,902▲ 368%
-€34,014▼ 378%
€32,229▼ 42.8%
≈ 0 FTEestimated
Filing
Filed on 28-06-2023
Financials

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.

Financials

Annual accounts 2022

micro format, filed on 28-06-2023, 33 days before the deadline

2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 10 November 2026.

-€18,619
▼ €16,367
-€25,668
▼ €18,117
-€19,397
▼ €16,062
-€20,630
▼ €19,103
-105.5%
▼ 92.9 percentage points
0.33
▼ 0.47

Money flows

no detail for 2022

Balance sheet

balance sheet total €32,229 on 31-12-2022
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-105.5%

Lower than 95% of 7,772 companies in 2022.

0.33

Lower than 95% of 7,549 companies in 2022.

-83.5%

Lower than 95% of 7,616 companies in 2022.

FLAS CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 32,22956,37526,42735,28533,89911,01325,16319,51826,12334,91822,75328,45629,94325,74412,70921,029
21/28 14,39220,6646,76012,70819,4856964265,99510,35715,5724,88010,19815,4843,5585,7508,804
22/27 14,39220,6646,76012,70819,4856964265,99510,35715,5724,88010,19815,4843,5585,7508,804
23 ----9518942685373146795971,0821,081476733
24 14,39220,6646,76012,70819,391507-5,14210,28415,4264,8019,60114,4022,4775,2748,071
29/58 17,83735,71119,66722,57714,41310,31624,73713,52315,76619,34517,87318,25814,45922,1866,95912,225
3 -6,800-12,0004,9001,4002,8361,000--3,628-----
30/36 -6,800-12,0004,9001,4002,8361,000--3,628-----
40/41 15,09411,49910,4303,7919095,60410,40811,83910,96015,83410,61412,10413,0522,5382,9204,553
40 15,0519,6568,8422,2542425,4749,01811,40610,52610,42910,24511,28112,4562,2352,7322,520
41 441,8441,5881,5376671301,3894334355,4053698235963031882,033
54/58 1,81015,8657,8136,0658,0413,31211,4936844,8053,5113,6326,1541,40719,6473,7737,671
490/1 9321,5471,424720563---------266-
Balance sheet: equity and liabilities
10/49 32,22956,37526,42735,28533,89911,01325,16319,51826,12334,91822,75328,45629,94325,74412,70921,029
10/15 -34,014-7,112-1,368-2,724-4,487-4,629-6,475-7,0751,2844,6303,324798-15,61820,3785,05612,549
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
10 18,60018,600--------------
100 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
13 19,58219,58219,58219,58219,58219,58219,58219,58219,58219,58218,27618,1941,7781,778--
130/1 --1,860-------------
130 --1,8601,8601,8601,8601,8601,8601,8601,8601,8601,7781,7781,778--
133 19,58219,58217,72217,72217,72217,72217,72217,72217,72217,72216,41616,416----
14 -72,196-45,294-39,550-40,906-42,670-42,811-44,657-45,257-36,898-33,552-33,552-35,996-35,996--13,544-6,051
17/49 66,24363,48727,79538,00938,38615,64131,63826,59324,83930,28819,42927,65845,5615,3667,6538,480
17 11,95518,6987,42412,79317,996--5,50910,82220,5692,1297,11211,924-9154,421
170/4 11,95518,6987,42412,79317,996--5,50910,82220,5692,1297,11211,924-9154,421
42/48 54,28844,78920,37125,21620,39015,64131,63821,08314,0189,71917,30020,54533,6375,3666,7384,059
42 6,74310,3455,3695,2045,044-5,5095,3125,1222,1294,9844,8744,6459153,5063,271
43 9490-5,218------------
430/8 9490--------------
439 ---5,218------------
44 5,51317,8258,6059,9288,8455,24312,6157,6698,0907,59111,97514,71324,8834,135-644
440/4 5,51317,8258,6059,9288,8455,24312,6157,6698,0907,59111,97514,71324,8834,135-644
45 -----2,2721,350---3209594,1093153,232144
450/3 ----------3209594,109315124144
454/9 -----2,2721,350-------3,108-
47/48 41,93816,5296,3984,8676,5018,12612,1638,102805-22-----
Income statement
70 --117,31499,81284,51070,07065,60288,77961,74184,42381,844107,14861,08182,61141,15938,464
76A ----8,491-------23---
9900 -18,619-2,2529,49410,655-1298,6947,4715,4215,32323,20410,78424,313-29,49220,651-3,460-1,892
60/61 107,383129,94398,46496,40188,28360,08960,11784,50956,56857,74174,83882,98590,57361,95944,61940,355
62 543727278822130-343-252,1877,4732,00910114--1
630 6,2724,2166,4646,7776,9277755,5685,6415,21510,0955,3195,5235,4983,6293,2183,164
631/4 -----5,218----------
640/8 236357567351340321276276149269149149313858585
66A -------7,796-----1,064--
9901 -25,668-7,5512,1862,705-7,5262,3811,283-472-2,2285,3683,30718,632-35,41816,938-6,763-5,141
75/76B 933,263718,4931567644781217522-
75 933,2637121567644781217522-
76B ----8,491-----------
65/66B 1,3271,4568379428255366887671,1624,0697891,678615556748910
65 1,3271,4568379428255366887671,1624,0697891,678615556748910
9903 -26,902-5,7431,3561,7641411,846600-8,358-3,3461,3062,52616,966-35,99415,323-7,490-6,051
67/77 ----------1550213-
9904 -26,902-5,7431,3561,7641411,846600-8,358-3,3461,3062,52516,416-35,99615,322-7,493-6,051
9905 -26,902-5,7431,3561,7641411,846600-8,358-3,3461,3062,52516,416-35,99615,322-7,493-6,051
Appropriation of the result
9906 -72,196-45,294-39,550-40,906-42,670-42,811-44,657-45,257-36,898-32,246-33,471-19,580-35,9961,778-13,544-6,051
14P -45,294-39,550--------------
691/2 ---------1,3068216,416-1,778--
691 -------------1,778--
6920 ----------8216,416----
6921 ---------1,306------
Social balance sheet
9087 --------0.10.30.2-----
Hours worked1013 --------136688288-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 28-06-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2022 micro format 28-06-2023 2023-00167497 PDF
31-12-2021 micro format 28-06-2022 2022-20108311 PDF
31-12-2020 full format 05-07-2021 2021-30700402 PDF
31-12-2019 full format 24-06-2020 2020-20100273 PDF
31-12-2018 full format 27-06-2019 2019-24400156 PDF
31-12-2017 full format 16-07-2018 2018-33200491 PDF
31-12-2016 full format 21-06-2017 2017-19300326 PDF
31-12-2015 full format 22-08-2016 2016-45200112 PDF
31-12-2014 full format 17-07-2015 2015-32100009 PDF
31-12-2013 full format 21-08-2014 2014-44700339 PDF
31-12-2012 full format 29-05-2013 2013-14000230 PDF
31-12-2011 full format 10-07-2012 2012-28100127 PDF
31-12-2010 full format 29-06-2011 2011-22400425 PDF
31-12-2009 full format 16-03-2010 2010-06700056 PDF
31-12-2008 full format 15-06-2009 2009-22800027 PDF
31-12-2007 full format 19-05-2008 2008-15000060 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2022202120202019201820172016201520142013201220112010200920082007
-19,397-3,3358,6499,482-5993,1556,8515,1692,98715,4638,62624,155-29,92020,566-3,545-1,977
-20,630-1,5277,8198,5417,0682,6216,168-2,7171,86911,4017,84421,938-30,49818,951-4,274-2,887
024,399516025,7161,04501,279020,788023719,9011,43716411,968
-14,0548,0511,748-1,9764,729-8,18110,809-4,1211,294-121-2,5224,746-18,24015,875-3,899-
-36,451-9,078-704-2,639-5,977-5,325-6,901-7,5601,7489,626573-2,288-19,17816,8202218,166
--1.9%2.7%-8.9%3.4%2.0%-0.5%-3.6%6.4%4.0%17.4%-58.0%20.5%-16.4%-13.4%
-105.5%-12.6%-5.2%-7.7%-13.2%-42.0%-25.7%-36.2%4.9%13.3%14.6%2.8%-52.2%79.2%39.8%59.7%
0.330.800.970.900.710.660.780.641.121.991.030.890.434.131.033.01
0.330.650.970.420.470.570.690.591.121.990.820.890.434.131.033.01
--------19.356.545.85--0.261.510.68
---------260.7%28.2%76.0%--75.2%-148.2%-48.2%
-83.5%-10.2%5.1%5.0%0.4%16.8%2.4%-42.8%-12.8%3.7%11.1%57.7%-120.2%59.5%-59.0%-28.8%
-14.62-2.29--------------
--28 days8 days1 day29 days50 days47 days62 days45 days46 days38 days74 days10 days24 days24 days
19 days50 days32 days38 days37 days32 days77 days33 days52 days48 days58 days65 days100 days24 days-6 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20222021
Tangible fixed assets-€24,399
€6,272€4,216

Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)

Insights on FLAS CONSTRUCT

The operating result for 2022 is a loss of €25,668, larger than the loss of €7,551 in 2021. It is the lowest result since 2010.

Equity is negative. Debt (€66,243) exceeds the balance-sheet total (€32,229).

Board & ownership

Board

1 director, last change in 2022
FLAS MICHEL
Director
since 27-02-2007
listed in the 2022 annual accounts, filed on 28-06-2023

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
FLAS MICHEL
Director
Flas Nicolas
Manager
Flas Thomas
Manager
BoardEarlier
Mandates as a list
  • FLAS MICHEL
    • Director, from 27-02-2007 to date
  • Flas Nicolas
    • Manager, appointed by deed of 12-10-2020, until 01-11-2022
  • Flas Thomas
    • Manager, appointed by deed of 08-10-2018, until 30-09-2020

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€18,600
Source
2022 annual accounts

Network & group

No group

FLAS CONSTRUCT has no parent and no holdings in its annual accounts. FLAS MICHEL is the only director. FLAS CONSTRUCT shares no director with another company.

Timeline

Timeline

27 events since 2007
2026
Address struck effective 13-11-2025
2023
Registered office moved from Thimister-Clermont to HerstalNew 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 19-06-20233 points ▸
  • General meeting, 19-06-2023
  • Director resignation, Flas Nicolas
  • Registered-office move, rue Désíré Janson n°69, 4040 Herstal

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 33 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 33 days before the deadline
2021
Annual accounts 2020 filed PDFfull format · 26 days before the deadline
2020
New managerFlas Nicolas appointed, Flas Thomas resigned · General meeting of 21-09-20203 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 37 days before the deadline
2019
Annual accounts 2018 filed PDFfull format · 34 days before the deadline
2018
Appointment: Flas Thomas (manager)General meeting of 13-09-20182 points ▸
  • General meeting, 13-09-2018
  • Director appointment, Flas Thomas (manager)

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFfull format · 15 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 40 days before the deadline
2016
Back to profit net €600 The net result is €600, after 2 loss-making years.
Annual accounts 2015 filed PDFfull format · 22 days late
2015
Annual accounts 2014 filed PDFfull format · 14 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 21 days late
2013
Annual accounts 2012 filed PDFfull format · 63 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 21 days before the deadline
2011
Back to profit net €16,416 The net result is €16,416, after one loss-making year.
Annual accounts 2010 filed PDFfull format · 32 days before the deadline
2010
Weakest financial year net -€35,996 The net result drops to -€35,996, the lowest from 2007 to 2022. It recovers the following year.
Annual accounts 2009 filed PDFfull format · 137 days before the deadline
2009
Back to profit net €15,322 The net result is €15,322, after 2 loss-making years.
Liquidity quadruples current ratio 4.13 The current ratio rises from 1.03 to 4.13. Short-term debt falls from €6,738 to €5,366.
Annual accounts 2008 filed PDFfull format · 46 days before the deadline
2008
First establishment Rue du Tilleul 13, Thimister-Clermont
Annual accounts 2007 filed PDFfull format · 73 days before the deadline
2007
Incorporation PDFpublished on 19-03-2007

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FLAS CONSTRUCT was incorporated on 9 March 2007.1 The registered office was moved to Herstal in 2023.2 Turnover grew from €84,510 in 2018 to €117,314 in 2020.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-08-2023
  3. 3National Bank, annual accounts 2018 and 2020

Company details

Identity

Enterprise number
0887.822.192
VAT number
BE 0887.822.192
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
09-03-2007
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
FLAS CONSTRUCT
Entity type
Legal entity

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
Codes under NACEBEL 2008
41201 General construction of buildings main activity
Codes under NACEBEL 2003
45211 main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue du Tilleul 13 4890 Thimister-Clermont 4100101 General construction of residential buildings 07-07-2008 2.171.631.842
1 former office
  • Rue du Tilleul,13, 4890 Thimister-Clermont until 19-06-2023 · deed of 08-08-2023

Buildings and parcels at the addresses

Ground area
2,133 m²
Buildings
295 m²
Volume, LiDAR
1,508 m³
Tallest building
8.4 m
Buildings to scale, each on its own parcel
208 m², 5.3 m 87 m², 8.4 m 208 m², 5.3 m 87 m², 8.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
63017A0515/00X0001,914 m² 1 · 208 m² 5.3 m · 1
62315G0646/00P002219 m² 1 · 87 m² 8.4 m · 2

Invoicing and payment

E-invoicing via Peppol

Being listed in the Peppol Directory is voluntary, so the company can still receive invoices via Peppol.

Invoicing without a Peppol listing

Try sending from your invoicing software. If that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

Follow this company and you will hear the next morning if it appears in the Peppol register.

Register as of 10 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0887.822.192

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