FLASH CORPORATION
ActiveSummary
The computed 12-month bankruptcy probability of FLASH CORPORATION is 3.0% (moderate). The 2025 annual accounts show equity of €54k and a net result of €5k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 11322 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-5
Solvency44▲+5
Growth85=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.22 against 1.17 in 2024; short-term debt: 62% and cash: 1.7% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
18.9%
Return on assets
1.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
4 d late
2024
9 d early
2023
1 d late
2022
20 d late
2021
31 d late
2020
53 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.45M▲ 65.4%
2024 · €879k
2019: €34k
2020: €577k
2021: €1.11M
2022: €473k
2024: €879k
2019 → 2025
EBIT margin
0.5%▼ 2.2pp
2024 · 2.7%
2019: -11.4%
2020: 3.5%
2021: 0.7%
2022: 2.0%
2024: 2.7%
2019 → 2025
Net result
€5k▼ 73.1%
2024 · €19k
2019: €-4k
2020: €17k
2021: €6k
2022: €8k
2023: €-16k
2024: €19k
2019 → 2025
Working capital
€39k▼ 11.6%
2024 · €44k
2019: €936
2020: €19k
2021: €81k
2022: €51k
2023: €41k
2024: €44k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.11M-€473k▼ 57.5%€879k€1.45M▲ 65.4%
Equity€38k-€46k▲ 21.2%€30k▼ 33.9%€49k▲ 61.3%€54k▲ 10.2%
Operating result€8k-€9k▲ 23.9%€-12k€24k€8k▼ 67.5%
Net result€6k-€8k▲ 34.7%€-16k€19k€5k▼ 73.1%
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 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284k
Fixed assets
€69k ▲ 36.7%
Current assets
€215k ▼ 27.8%
Equity and liabilities €284k
Equity
€54k ▲ 10.2%
Debt
€230k ▼ 23.1%
Debt's share of the balance-sheet total falls from 86.0% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €28k
Cash flow
€25k▲
2024 · €23k
Current ratio
1.22▲
2024 · 1.17
Quick ratio
0.21▲
2024 · 0.17
Debt to equity
4.28▼
2024 · 6.14
ROE
9.3%▼
2024 · 38.0%
ROA
1.8%▼
2024 · 5.3%
Interest coverage
19.58▼
2024 · 78.68
Debt ≤ 1 year
€176k▼
2024 · €254k
Debt > 1 year
€54k▲
2024 · €45k
Income taxes
€1k▼
2024 · €5k
Staff costs
€12k
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€348k€284k▼
Fixed assets21/28€51k€69k▲
Tangible fixed assets22/27€36k€55k▲
Furniture and vehicles24€36k€55k▲
Financial fixed assets28€15k€15k=
Current assets29/58€298k€215k▼
Stocks and contracts in progress3€256k€177k▼
Stocks30/36€256k€177k▼
Amounts receivable within one year40/41€39k€31k▼
Trade receivables40€25k€24k▼
Other amounts receivable41€14k€6k▼
Cash at bank and in hand54/58€1k€5k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€348k€284k▼
Equity10/15€49k€54k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€30k€35k▲
Amounts payable17/49€299k€230k▼
Amounts payable after more than one year17€45k€54k▲
Financial debts170/4€36k€49k▲
Other amounts payable178/9€10k€5k▼
Amounts payable within one year42/48€254k€176k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€219k€141k▼
Suppliers440/4€219k€141k▼
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€10k€11k▲
Other amounts payable47/48€17k€19k▲
Income statement
Code20242025
Turnover70€879k€1.45M▲
Goods, raw materials, services and sundry goods60/61€863k€1.44M▲
Remuneration, social security and pensions62-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€20k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€29k€40k▲
Operating profit (loss)9901€24k€8k▼
Financial income75/76B€565-
Recurring financial income75€565-
Financial charges65/66B€353€1k▲
Recurring financial charges65€353€1k▲
Profit (loss) for the period before taxes9903€24k€6k▼
Income taxes67/77€5k€1k▼
Profit (loss) for the period9904€19k€5k▼
Profit (loss) for the period to be appropriated9905€19k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€35k▲
Profit (loss) brought forward from the previous period14P€12k€30k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-16k ▼294%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity times 5current ratio 6.08
Current ratio from 1.14 to 6.08; short-term debt falls from €143k to €16k.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterlose Steenweg 2781060 Sint-Gillis (bij-Brussel)Ground area
2,366 m²
Building footprint
552 m²
Volume, LiDAR
5,428 m³
2 parcels, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Waterlose Steenweg 278, 1060 Sint-Gillis (bij-Brussel)
since 20192.285.758.478
candy world
since 20222.333.838.608
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0237/00R002 | Brussels | 2,294 m² | 1 · 498 m² | 16.4 m · 3 fl. |
| 21013B0321/00T003 | Brussels | 72 m² | 1 · 53 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.333.838.608
Similar companies · same sector, comparable size
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BE 0435.256.816
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BE 0805.471.865
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ANGELO SALAMONE
BE 0542.743.506
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BLUE PEPPER
BE 0458.301.442
Zaventem · Eq €55,136
NOBLE SAVOURY
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Of 1,425 companies in sector 46389 we hold annual accounts for 855. 509 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.