FLASH Management

Active

Public limited companyfounded 201312 yrs activeRue Léon-Frédéricq 14, 4020 Liège, BelgiumKBO/BCE: BE 0543.613.734

Summary

FLASH Management has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,407 and a net result of €257,371. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 396 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

FLASH ManagementActiveChecked score 68/100

Risk analysis Report Compare

Checked score

Score 2025

68 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability97▲+3

Solvency48▲+5

Growth67▲+5

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €19,000 at 30 days acceptable

Liquidity short (current ratio 0.17 against 0.24 in 2024; short-term debt: 42% and cash: 4.3% of total assets), and 76.9% of the assets are financed with debt.

Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.1%

Return on assets

20.8%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 95

Relative position

BE, all sectors

reference

Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)

about 19% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

21 d early

2024

1 d early

2023

9 d early

2022

25 d early

2021

24 d early

2020

42 d early

2019

32 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 26 December 2013, FLASH Management was incorporated.¹ Revenue went from EUR 1.2 million in 2023 to EUR 1.3 million in 2025 and headcount from 5 full-time equivalents in 2018 to 6.3 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?FINANCIERE SAINT PAUL · 36 companies How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover

€1.3m▲ 9.0%

2024 · €1.2m

EBIT margin

26.4%▲ 1.7pp

2024 · 24.7%

Net result

€257,371▲ 9.1%

2024 · €235,999

Working capital

-€431,281▲ 7.6%

2024 · -€466,853

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€1.2m€1.2m▼ 0.7%€1.3m▲ 9.0%

Operating result€322,234▲ 230%€332,624▲ 3.2%€421,519▲ 26.7%€298,574▼ 29.2%€348,378▲ 16.7%

Net result€225,504€232,634▲ 3.2%€314,779▲ 35.3%€235,999▼ 25.0%€257,371▲ 9.1%

EBIT margin34.6%24.7%▼ 9.9pp26.4%▲ 1.7pp

Equity€159,623▲ 69.6%€217,257▲ 36.1%€232,037▲ 6.8%€248,036▲ 6.9%€285,407▲ 15.1%

Total assets€1.6m▲ 0.2%€1.7m▲ 10.6%€1.6m▼ 9.4%€1.4m▼ 13.0%€1.2m▼ 9.2%

Debt€1.4m▼ 4.3%€1.5m▲ 7.7%€1.3m▼ 11.7%€1.1m▼ 16.5%€950,267▼ 14.6%

Working capital-€87,979▲ 45.2%-€100,312▼ 14.0%-€491,999▼ 390%-€466,853▲ 5.1%-€431,281▲ 7.6%

Staff (FTE)5▼ 5.7%5.3▲ 6.0%6▲ 13.2%6=6.3▲ 5.0%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 17% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.2m

92.9%

Fixed assets €1.1m ▼ 5.1%

Current assets €87,393 ▼ 41.7%

Equity and liabilities €1.2m

23.1%

76.9%

Equity €285,407 ▲ 15.1%

Debt €950,267 ▼ 14.6%

Debt's share of the balance-sheet total falls from 81.8% to 76.9%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€447,052▼

2024 · €458,308

Cash flow

€356,046▼

2024 · €395,733

Current ratio

0.17▼

2024 · 0.24

Quick ratio

0.15▼

2024 · 0.23

Debt to equity

3.33▼

2024 · 4.48

ROE

90.2%▼

2024 · 95.1%

ROA

20.8%▲

2024 · 17.4%

Interest coverage

61.96▲

2024 · 56.88

Debt ≤ 1 year

€518,674▼

2024 · €616,756

Debt > 1 year

€414,343▼

2024 · €495,398

Income taxes

€96,967▲

2024 · €77,710

Staff costs

€303,299▲

2024 · €291,156

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.

Micro
10 to 20 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more

1.5% went bankrupt

2.3% stopped otherwise

96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines

Balance sheet Code20242025

Assets

Total assets20/58€1.4m€1.2m▼

Fixed assets21/28€1.2m€1.1m▼

Intangible fixed assets21-€5,152

Tangible fixed assets22/27€874,471€855,226▼

Land and buildings22€711,866€651,109▼

Plant, machinery and equipment23€140,585€175,139▲

Furniture and vehicles24€10,495€9,464▼

Other tangible fixed assets26€11,524€19,514▲

Financial fixed assets28€335,816€287,902▼

Current assets29/58€149,903€87,393▼

Stocks and contracts in progress3€10,683€10,387▼

Stocks30/36€10,683€10,387▼

Amounts receivable within one year40/41€39,425€17,874▼

Trade receivables40€10,319€4,654▼

Other amounts receivable41€29,105€13,220▼

Cash at bank and in hand54/58€94,231€53,750▼

Deferred charges and accrued income490/1€5,564€5,383▼

Equity and liabilities

Total equity and liabilities10/49€1.4m€1.2m▼

Equity10/15€248,036€285,407▲

Contributions10/11€101,100€101,100=

Capital10€101,100€101,100=

Issued capital100€101,100€101,100=

Reserves13€115,530€115,530=

Non-distributable reserves130/1€10,110€10,110=

Legal reserve130€10,110€10,110=

Distributable reserves133€105,420€105,420=

Profit (loss) carried forward14€31,406€68,777▲

Amounts payable17/49€1.1m€950,267▼

Amounts payable after more than one year17€495,398€414,343▼

Financial debts170/4€495,398€414,343▼

Amounts payable within one year42/48€616,756€518,674▼

Current portion of amounts payable after more than one year42€173,242€116,929▼

Trade debts44€111,683€77,458▼

Suppliers440/4€111,683€77,458▼

Taxes, remuneration and social security45€111,831€104,287▼

Taxes450/3€82,114€82,237▲

Remuneration and social security454/9€29,717€22,050▼

Other amounts payable47/48€220,000€220,000=

Accrued charges and deferred income492/3-€17,249

Income statement Code20242025

Turnover70€1.2m€1.3m▲

Goods, raw materials, services and sundry goods60/61€620,650€768,314▲

Remuneration, social security and pensions62€291,156€303,299▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€159,733€98,674▼

Other operating charges640/8€49,386€25,025▼

Gross operating margin9900€798,849€775,377▼

Operating profit (loss)9901€298,574€348,378▲

Financial income75/76B€23,192€13,175▼

Recurring financial income75€23,192€13,175▼

Financial charges65/66B€8,057€7,215▼

Recurring financial charges65€8,057€7,215▼

Profit (loss) for the period before taxes9903€313,709€354,338▲

Income taxes67/77€77,710€96,967▲

Profit (loss) for the period9904€235,999€257,371▲

Profit (loss) for the period to be appropriated9905€235,999€257,371▲

Appropriation of the result

Profit (loss) to be appropriated9906€251,406€288,777▲

Profit (loss) brought forward from the previous period14P€15,407€31,406▲

Profit to be distributed694/7€220,000€220,000=

Return on contributions (dividend)694€220,000€220,000=

Social balance

Average headcount (FTE)90876.06.3▲

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Turnover70	-	-	€1.2m	€1.2m	€1.3m	▲ 9.0%
Non-recurring operating income76A	-	-	€39,256	-	-	-
Goods, raw materials, services and sundry goods60/61	-	-	€510,384	€620,650	€768,314	▲ 23.8%
Remuneration, social security and pensions62	€207,168	€232,331	€287,244	€291,156	€303,299	▲ 4.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€164,293	€172,401	€192,626	€159,733	€98,674	▼ 38.2%
Other operating charges640/8	€23,376	€23,643	€24,236	€49,386	€25,025	▼ 49.3%
Non-recurring operating charges66A	€2,740	-	€26,401	-	-	-
Gross operating margin9900	€719,810	€760,999	€952,026	€798,849	€775,377	▼ 2.9%
Operating profit (loss)9901	€322,234	€332,624	€421,519	€298,574	€348,378	▲ 16.7%
Financial income75/76B	€649	€4,497	€13,709	€23,192	€13,175	▼ 43.2%
Recurring financial income75	€649	€4,497	€13,709	€23,192	€13,175	▼ 43.2%
Financial charges65/66B	€19,357	€18,427	€9,538	€8,057	€7,215	▼ 10.5%
Recurring financial charges65	€19,357	€18,427	€9,538	€8,057	€7,215	▼ 10.5%
Profit (loss) for the period before taxes9903	€303,526	€318,694	€425,690	€313,709	€354,338	▲ 13.0%
Income taxes67/77	€78,022	€86,060	€110,911	€77,710	€96,967	▲ 24.8%
Profit (loss) for the period9904	€225,504	€232,634	€314,779	€235,999	€257,371	▲ 9.1%
Profit (loss) for the period to be appropriated9905	€225,504	€232,634	€314,779	€235,999	€257,371	▲ 9.1%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.6m	€1.7m	€1.6m	€1.4m	€1.2m	▼ 9.2%
Fixed assets21/28	€1.2m	€1.2m	€1.4m	€1.2m	€1.1m	▼ 5.1%
Intangible fixed assets21	€24,096	€14,096	€4,096	-	€5,152	-
Tangible fixed assets22/27	€1.2m	€1.2m	€1.0m	€874,471	€855,226	▼ 2.2%
Land and buildings22	€893,942	€833,421	€772,644	€711,866	€651,109	▼ 8.5%
Plant, machinery and equipment23	€315,167	€330,786	€218,626	€140,585	€175,139	▲ 24.6%
Furniture and vehicles24	€8,500	€8,336	€11,820	€10,495	€9,464	▼ 9.8%
Other tangible fixed assets26	-	-	-	€11,524	€19,514	▲ 69.3%
Financial fixed assets28	-	-	€400,816	€335,816	€287,902	▼ 14.3%
Current assets29/58	€318,758	€539,948	€156,253	€149,903	€87,393	▼ 41.7%
Stocks and contracts in progress3	€11,824	€12,734	€12,595	€10,683	€10,387	▼ 2.8%
Stocks30/36	€11,824	€12,734	€12,595	€10,683	€10,387	▼ 2.8%
Amounts receivable within one year40/41	€10,208	€288,879	€19,016	€39,425	€17,874	▼ 54.7%
Trade receivables40	€6,274	€11,085	€5,277	€10,319	€4,654	▼ 54.9%
Other amounts receivable41	€3,934	€277,794	€13,739	€29,105	€13,220	▼ 54.6%
Cash at bank and in hand54/58	€294,319	€236,972	€118,982	€94,231	€53,750	▼ 43.0%
Deferred charges and accrued income490/1	€2,407	€1,364	€5,659	€5,564	€5,383	▼ 3.3%
Equity and liabilities
Total equity and liabilities10/49	€1.6m	€1.7m	€1.6m	€1.4m	€1.2m	▼ 9.2%
Equity10/15	€159,623	€217,257	€232,037	€248,036	€285,407	▲ 15.1%
Contributions10/11	€101,100	€101,100	€101,100	€101,100	€101,100	=
Capital10	-	€101,100	€101,100	€101,100	€101,100	=
Issued capital100	-	€101,100	€101,100	€101,100	€101,100	=
Reserves13	€58,420	€115,530	€115,530	€115,530	€115,530	=
Non-distributable reserves130/1	-	€10,110	€10,110	€10,110	€10,110	=
Legal reserve130	-	€10,110	€10,110	€10,110	€10,110	=
Distributable reserves133	€58,420	€105,420	€105,420	€105,420	€105,420	=
Profit (loss) carried forward14	€103	€627	€15,407	€31,406	€68,777	▲ 119%
Amounts payable17/49	€1.4m	€1.5m	€1.3m	€1.1m	€950,267	▼ 14.6%
Amounts payable after more than one year17	€979,158	€853,199	€668,640	€495,398	€414,343	▼ 16.4%
Financial debts170/4	€979,158	€853,199	€668,640	€495,398	€414,343	▼ 16.4%
Amounts payable within one year42/48	€406,737	€640,261	€648,252	€616,756	€518,674	▼ 15.9%
Current portion of amounts payable after more than one year42	€169,581	€182,993	€184,559	€173,242	€116,929	▼ 32.5%
Trade debts44	€44,831	€84,074	€55,146	€111,683	€77,458	▼ 30.6%
Suppliers440/4	€44,831	€84,074	€55,146	€111,683	€77,458	▼ 30.6%
Taxes, remuneration and social security45	€28,699	€35,942	€108,546	€111,831	€104,287	▼ 6.7%
Taxes450/3	€13,865	€18,835	€83,581	€82,114	€82,237	▲ 0.1%
Remuneration and social security454/9	€14,834	€17,107	€24,965	€29,717	€22,050	▼ 25.8%
Other amounts payable47/48	€163,627	€337,251	€300,000	€220,000	€220,000	=
Accrued charges and deferred income492/3	€14,945	€15,870	€15,325	-	€17,249	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€225,504	€232,634	€314,779	€235,999	€257,371	▲ 9.1%
+ Depreciation and write-downs630	€164,293	€172,401	€192,626	€159,733	€98,674	▼ 38.2%
Operating cash flow (approximation)	€389,797	€405,035	€507,405	€395,733	€356,046	▼ 10.0%
Investment in fixed assets (approximation)	-	-€117,334	-€413,988	€37,981	-€36,669	▼ 197%
Change in cash	-	-€57,347	-€117,990	-€24,751	-€40,481	▼ 63.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

22-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2018net €314,779 ▲35.3%

Operating result €421,519, net result €314,779, both a record.

06-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €200,000Eq €217,257 ▲36.1%

2 profitable years in a row build equity to €217,257.

07-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €225,504

Net result €225,504 after one loss-making year.

31-12

Financial Equity above €150,000Eq €159,623 ▲69.6%

Equity rises from €94,119 to €159,623.

19-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet -€13,685

Net result drops to -€13,685, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

Show earlier events

2019

18-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

14-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

19-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 10 acts read

About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

10 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, Liège · 2 establishment units since 2014

seat establishment All 2 establishment units on the map

Ground area

8,774 m²

Building footprint

622 m²

Volume, LiDAR

4,464 m³

3 parcels, Brussels, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.

32 companies at this address See who is registered here

2 establishment units

Flash Management Car-Wash Bruxelles

Haachtsesteenweg 1255, 1130 BrusselNACE 45206

since 20142.232.330.581

Rue de Landen 53, 4280 Hannut

NACE 45206

since 20142.234.708.269

3 parcels

Wallonia 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21821B0065/00H004	Brussels	6,742 m²	1 · 106 m²	5.5 m · 1 fl.
62817C0019/00X005	Wallonia	1,335 m²	1 · 388 m²	14.2 m · 3 fl.
64034A0615/00P002	Wallonia	697 m²	1 · 128 m²	-

Linked by address, not proof of ownership

Good to know

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Part of the group FINANCIERE SAINT PAUL 36 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

FINANCIERE SAINT PAUL 100%
FLASH Management

Highest known parent: FINANCIERE SAINT PAUL. The sources do not say who stands above it.

Owners 1

FINANCIERE SAINT PAULparent

Sourceaccounts FINANCIERE SAINT PAUL 2025

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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Of 3,205 companies in sector 95316 we hold annual accounts for 753. 427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded26-12-2013

Fiscal year end31-12

Activities, NACEBEL 2025

95316Washing and cleaning of motor vehicles

47300Retail sale of automotive fuel

70200Business and other management consultancy

E-invoicing

Reachable via Peppol

Peppol ID 0208:0543613734

Also 9925:BE0543613734

Registered 15-10-2025

Scores and ratios are computed by Checked and are not a credit decision.