FLASHCARDS
ActiveSummary
The computed 12-month bankruptcy probability of FLASHCARDS is 3.4% (moderate). The 2025 annual accounts show negative equity (-€4,473) and a net result of -€1,075. Equity is shrinking by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 2157 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2020 to 2025, 6 fiscal years
The operating result stays negative: a loss of €986 in 2025 against €611 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,564 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €81,829 | €535 | €364 | €106 | €1,227 | ▲ 1,061% |
| Other operating charges640/8 | - | €449 | €450 | €493 | €505 | €585 | ▲ 15.9% |
| Gross operating margin9900 | -€4,823 | €4,032 | -€535 | -€364 | -€106 | -€400 | ▼ 279% |
| Operating profit (loss)9901 | -€5,271 | €3,584 | -€984 | -€857 | -€611 | -€986 | ▼ 61.3% |
| Financial income75/76B | - | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €0 | €122 | €39 | - | €89 | - |
| Recurring financial charges65 | €98 | €0 | €122 | €39 | - | €89 | - |
| Profit (loss) for the period before taxes9903 | -€5,369 | €3,584 | -€1,107 | -€896 | -€611 | -€1,075 | ▼ 75.9% |
| Profit (loss) for the period9904 | -€5,369 | €3,584 | -€1,107 | -€896 | -€611 | -€1,075 | ▼ 75.9% |
| Profit (loss) for the period to be appropriated9905 | -€5,369 | €3,584 | -€1,107 | -€896 | -€611 | -€1,075 | ▼ 75.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1,449 | €4,249 | €619 | €608 | €21 | €13,559 | ▲ 64,193% |
| Fixed assets21/28 | - | - | - | - | - | €12,500 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | €12,500 | - |
| Furniture and vehicles24 | - | - | - | - | - | €12,500 | - |
| Current assets29/58 | €1,449 | €4,249 | €619 | €608 | €21 | €1,059 | ▲ 4,923% |
| Amounts receivable within one year40/41 | €1,137 | €4,235 | €112 | €63 | - | €63 | - |
| Trade receivables40 | - | €4,235 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €112 | €63 | - | €63 | - |
| Cash at bank and in hand54/58 | €312 | €14 | €507 | €545 | €21 | €996 | ▲ 4,624% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1,449 | €4,249 | €619 | €608 | €21 | €13,559 | ▲ 64,193% |
| Equity10/15 | -€4,369 | -€785 | -€1,891 | -€2,787 | -€3,398 | -€4,473 | ▼ 31.6% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Outside capital11 | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Other1109/19 | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€5,369 | -€1,785 | -€2,891 | -€3,787 | -€4,398 | -€5,473 | ▼ 24.4% |
| Amounts payable17/49 | €5,817 | €5,034 | €2,511 | €3,395 | €3,419 | €18,032 | ▲ 427% |
| Amounts payable within one year42/48 | €5,817 | €5,034 | €2,511 | €3,395 | €3,419 | €18,032 | ▲ 427% |
| Trade debts44 | €1,987 | €2,205 | €695 | €1,079 | €1,103 | €1,466 | ▲ 32.9% |
| Suppliers440/4 | - | €2,205 | €695 | €1,079 | €1,103 | €1,466 | ▲ 32.9% |
| Taxes, remuneration and social security45 | - | €2,037 | - | - | - | - | - |
| Taxes450/3 | - | €2,037 | - | - | - | - | - |
| Other amounts payable47/48 | - | €792 | €1,816 | €2,316 | €2,316 | €16,566 | ▲ 615% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,369 | €3,584 | -€1,107 | -€896 | -€611 | -€1,075 | ▼ 75.9% |
| Operating cash flow (approximation) | -€5,369 | €3,584 | -€1,107 | -€896 | -€611 | -€1,075 | ▼ 75.9% |
| Change in cash | - | -€298 | €493 | €38 | -€524 | €975 | ▲ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.