Losses
-€10,609 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
FLATCAT
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2006peak €16,517 (2019)
-€1,544▼ €3,440
lowest -€11,960 (2012)
-€6,306▼ €3,670
peak €38,085 (2022)
€27,476▼ 18.7%
€12,109▲ 135%
Board1 name since 2022
1 directorMAISON Joëlle
Documentsfilings and deeds
23-01-20268 days before the deadline
2025micro format
Gross margin from €1,896 to -€1,544Loss of €6,306Equity from €33,783 to €27,476Debts from €5,154 to €12,109
Key points
from the 2025 annual accountsFilings
19 annual accounts since 2006
The last five annual accounts were filed 2 to 60 days before the end of the period.
Position in the sector
-€6,306
Lower net result than 80% of companies in printing. Sector median €5,740 · 1,125 companies.
Turnover not published (micro format)
Checked score
90
Excellent
Financially stronger than 45% of micro companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.2%▲ +0.1 percentage points vs 01-2026highest value
03-2026: 0.2%● unchanged vs 02-2026highest value
04-2026: 0.2%● unchanged vs 03-2026highest value
05-2026: 0.2%● unchanged vs 04-2026highest value
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €6,306, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 2.87, cash €26,070
Founded in 2005
Equity €27,476 (69.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, micro). It does better than 70% of them on solvency, 82% on liquidity, 6% on profitability and 21% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as FLATCAT has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLATCAT itself is lower: 0.1% within 12 months. It rests on far more data about FLATCAT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for FLATCAT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.87 (6.48 in 2024), above the usual 1.5. Short-term debt is 30.6% and cash 65.9% of total assets. 30.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€6,306
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
10 days early
2023
2 days early
2022
60 days early
2021
45 days early
2020
53 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 January (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0873989794
Change of role: MAISON Joëlle, from manager to director
General meeting of 17-11-2023 · Gazette deed
Incorporation
published on 01-06-2005 · Gazette deed
First establishment
Cervantesstraat 58, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLATCAT Forest | €39,586 | -€1,544 | 69.4% | - |
| EXU Forest | €54,125 | -€4,689 | 0.2% | - |
| ARELIA NEXUS Jette | €98,908 | -€36,341 | 98.4% | - |
| AUM Labarque Kluisbergen | €97,948 | -€38,587 | -20.5% | - |
| Flüssig Heusden-Zolder | €82,279 | -€22,793 | 82.6% | - |
| SQUARE Dendermonde | €53,113 | €2,842 | 85.4% | - |
| BINK Lokeren | €124,644 | -€29,272 | 58.1% | - |
These companies have the same main activity as FLATCAT: printing and reproduction of recorded media (NACE 18200). They are comparable in size and age: total assets between €53,100 and €125,000, founded between 1991 and 2015.
Official details
Source: KBO- Status
- Active since 24-05-2005Normal situation
- Activity
- Printing and reproduction of recorded mediaNACE 18200and 1 other
- Establishment unit
- 2.151.298.1671190 Forest, since 24-05-2005
- Financial year end
- 30 June
- Peppol
- Reachable since 03-02-2026
Annual accounts to 30-06-2025
- €39,586▲ 1.7%
- Filing
- Filed on 23-01-2026, 8 days before the end of the filing period
Insights on FLATCAT
FLATCAT files the micro format. That format states no turnover. The gross margin fell from €8,413 in 2007 to -€1,544 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLATCAT
- What is the company number of FLATCAT?
- The company number of FLATCAT is 0873.989.794. The VAT number is the same number with BE in front: BE 0873.989.794.
- Where is FLATCAT based?
- The registered office is at Alexandre Bertrandlaan 47, 1190 Forest.Company details
- What does FLATCAT do?
- According to the KBO register, the main activity is printing and reproduction of recorded media (NACE 18200).
- What is the legal form of FLATCAT?
- FLATCAT is a private limited company (BV).
- When was FLATCAT founded?
- FLATCAT was founded on 24-05-2005.
- Is FLATCAT still active?
- Yes, FLATCAT is an active enterprise in the KBO register.
- What is the turnover of FLATCAT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FLATCAT profitable?
- In financial year 2025, FLATCAT made a loss of €6,306.
- Where can I find the annual accounts of FLATCAT?
- FLATCAT filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLATCAT due?
- FLATCAT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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