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Flat Company

Active
Private limited companyfounded 200125 yrs activeKriekenbergdreef 9, 9831 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0475.667.709
Summary

Flat Company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €608,037 and a net result of €10,033. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 170 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
Flat CompanyActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110Activities of holding companies NACE 64210NACE 68100
1 site
Size
€3.9mtotal assets 2026
Equity
€608,037
Profit
€10,033
Turnover not published (abridged schema)
Financial health
85 Excellent Checked score 2026
Bankruptcy chance 12 m
0.3%
Structure
Accounts filed 48 d late0 of 7 deeds read
Why 85- Latest accounts 48 days late; 3 of the last 3 late- Liquidity: current ratio 0.94, cash €23,806+ Size: total assets €3.9m+ Figures for FY 2026 (filed 18-09-2026)Show the evidence

Checked score

Score 2026
85 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 40+8
equity 15.4% of total assets
Liquidity 9-2
short-term debt 76.2% · cash 0.6%
Profitability 32=
return on assets 0.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,963 companies)
Last 24 months 11-2024: 2.3%highest value 12-2024: 1.2%▼ -47.1% vs 11-2024 01-2025: 1.2%▼ -0.7% vs 12-2024 02-2025: 0.6%▼ -50.7% vs 01-2025 03-2025: 0.6%▲ +5.0% vs 02-2025 04-2025: 0.6%▲ +3.8% vs 03-2025 05-2025: 0.7%▲ +2.8% vs 04-2025 06-2025: 0.8%▲ +22.3% vs 05-2025 07-2025: 0.8%▲ +3.2% vs 06-2025 08-2025: 1.2%▲ +42.3% vs 07-2025 09-2025: 1.6%▲ +36.3% vs 08-2025 10-2025: 2.2%▲ +36.1% vs 09-2025 11-2025: 0.8%▼ -63.4% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.8%● 0.0% vs 12-2025 02-2026: 0.8%▲ +3.1% vs 01-2026 03-2026: 1.0%▲ +16.1% vs 02-2026 04-2026: 1.0%▼ -2.3% vs 03-2026 05-2026: 1.0%▲ +3.2% vs 04-2026 06-2026: 1.0%▲ +0.3% vs 05-2026 07-2026: 0.9%▼ -4.3% vs 06-2026 08-2026: 1.4%▲ +43.5% vs 07-2026 09-2026: 1.7%▲ +25.3% vs 08-2026 10-2026: 0.3%▼ -83.6% vs 09-2026lowest value
  • Size: total assets €3.9m lowers the probability for this profile
  • Latest accounts 48 days late; 3 of the last 3 late raises the probability
  • Liquidity: current ratio 0.94, cash €23,806 raises the probability
  • Figures for FY 2026 (filed 18-09-2026) lowers the probability
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.97 in 2025; short-term debt: 76.2% and cash: 0.6% of total assets), and 84.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 35%, liquidity 9%, profitability 25%, growth against the median 96%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €3.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Latest accounts 48 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 0.94, cash €23,806
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2026 (filed 18-09-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 01-01-2026 was due by 01-08-2026 and was filed on 18-09-2026, 48 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 · 10 filings
Deviation from the deadline
2026
48 d late
2025
70 d late
2024
91 d late
2023
24 d late
2022
28 d late
2021
60 d late
2020
59 d late
← 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 54 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 01-01-2027 and is due by 01-08-2027. Nothing is late today. Usually files around 18 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today01-01-2027 close01-08-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Equity above €500,000Eq €608,037 ▲212%
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Positive: Equity rose in 2026from €194,868 to €608,037 ▲ 212% View
  • Positive: 8 profitable years in a rowprofit 2026: €10,033 8 years View
  • Among the largest 15% on total assetssector median €843,763 · 171 companies €3.9m View

By topic

Financials

Fiscal year
2026
Total assets
€3.9m
Profit
€10,033
Solvency
15.4%
Total assets▲ 45.2%
Net result
20192026
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 01-08-2027
  1. 18-09-2026Annual accounts filed
  2. 01-01-2026Equity above €500,000
  3. 10-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
19-09-2001
Year ends
01-01
Peppol
Reachable for e-invoices
Go to Company details

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