Equity
FLATLINE has made a profit without a break since 2020.
FLATLINE has made a profit without a break since 2020.
The last five annual accounts were filed 16 to 46 days before the end of the period.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 74% on liquidity, 39% on profitability and 52% 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 31-03-2026.
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).
In July 2024, 6,049 companies had the same profile as FLATLINE has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of FLATLINE itself: < 0.1% within 12 months.
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 6,049 companies, not a prediction for FLATLINE. 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.
Liquidity is ample, with a current ratio of 19.87 (19.0 in 2025), above the usual 1.5. Short-term debt is 3.8% and cash 26.2% of total assets. 16.2% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| FLATLINE Zaventem | €475,004 | €47,209 | 83.8% | - |
| DK-Advin Pajottegem | €490,567 | €52,014 | 82.9% | - |
| ELVECK Boutersem | €530,070 | €45,310 | 91.7% | 0 |
| CliniSa Bierbeek | €455,490 | €41,424 | 29.8% | - |
| CHINCO Pajottegem | €445,666 | €53,071 | 97.5% | - |
| 3TIEN Roosdaal | €515,344 | €55,697 | 80.2% | - |
| CAYO Consulting Tervuren | €527,681 | €52,358 | 20.3% | - |
These companies have the same main activity as FLATLINE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €446,000 and €530,000, founded between 2011 and 2014.
FLATLINE files the micro format. That format states no turnover. The gross margin rose from €43,280 in 2014 to €47,209 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €82,000 and €190,000.
Higher than 79% of 39,360 companies in 2025.
Higher than 95% of 38,044 companies in 2025.
Higher than 24% of 38,516 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
475,004 | 459,006 | 448,467 | 454,887 | 289,972 | 274,468 | 280,381 | 209,550 | 180,412 | 175,551 | 119,956 | 106,265 | |
20 |
- | 0 | 0 | - | - | - | - | - | - | - | 187 | 560 | |
21/28 |
113,097 | 123,302 | 143,293 | 148,860 | 187,765 | 204,979 | 136,779 | 133,872 | 162,295 | 97,899 | 97,743 | 96,934 | |
22/27 |
12,948 | 13,799 | 33,790 | 48,557 | 64,443 | 81,657 | 13,466 | 10,853 | 45,276 | 22,199 | 34,357 | 33,174 | |
23 |
11,636 | 8,776 | 18,257 | 19,176 | 23,050 | 31,584 | 10,214 | 5,607 | 36,335 | 2,234 | 1,530 | 2,155 | |
24 |
1,312 | 5,023 | 15,533 | 29,382 | 41,393 | 50,074 | 3,251 | 5,246 | 8,941 | 19,965 | 32,827 | 31,019 | |
28 |
100,149 | 109,503 | 109,503 | 100,303 | 123,322 | 123,322 | 123,314 | 123,019 | 117,019 | 75,700 | 63,200 | 63,200 | |
29/58 |
361,907 | 335,703 | 305,174 | 306,027 | 102,207 | 69,489 | 143,602 | 75,679 | 18,117 | 77,652 | 22,212 | 9,330 | |
29 |
183,000 | 155,000 | 140,000 | 115,000 | - | - | - | - | - | - | - | - | |
290 |
183,000 | 155,000 | 140,000 | 115,000 | - | - | - | - | - | - | - | - | |
3 |
49,270 | 49,270 | 49,270 | 49,000 | - | - | - | - | - | - | - | - | |
30/36 |
49,270 | 49,270 | 49,270 | 49,000 | - | - | - | - | - | - | - | - | |
40/41 |
3,040 | 24,592 | 91,314 | 4,084 | 10,221 | 7,662 | 7,552 | 34,857 | 13,531 | 11,403 | 4,613 | 2 | |
40 |
2,505 | 22,214 | 76,615 | - | - | - | - | - | 367 | - | - | - | |
41 |
535 | 2,378 | 14,699 | 4,084 | 10,221 | 7,662 | 7,552 | 34,857 | 13,164 | 11,403 | 4,613 | 2 | |
54/58 |
124,368 | 103,814 | 20,556 | 133,833 | 88,731 | 59,087 | 136,049 | 40,822 | 4,586 | 66,250 | 17,599 | 9,328 | |
490/1 |
2,229 | 3,028 | 4,035 | 4,109 | 3,256 | 2,740 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
475,004 | 459,006 | 448,467 | 454,887 | 289,972 | 274,468 | 280,381 | 209,550 | 180,412 | 175,551 | 119,956 | 106,265 | |
10/15 |
397,850 | 375,219 | 365,537 | 350,519 | 139,768 | 118,148 | 96,865 | 90,558 | 131,021 | 81,882 | 54,212 | 37,136 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
- | - | - | - | - | - | 18,600 | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 18,600 | - | - | - | - | - | |
13 |
379,250 | 356,619 | 346,937 | 331,919 | 121,168 | 112,421 | 112,421 | 112,421 | 112,421 | 63,282 | 35,612 | 18,536 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,000 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,860 | - | - | - | - | - | |
133 |
379,250 | 356,619 | 346,937 | 330,059 | 119,308 | 110,561 | 110,561 | 110,561 | 110,561 | 61,422 | 33,752 | 17,536 | |
14 |
- | - | - | - | - | -12,873 | -34,156 | -40,462 | - | - | - | - | |
17/49 |
77,154 | 83,787 | 82,930 | 104,368 | 150,204 | 156,320 | 183,516 | 118,992 | 49,391 | 93,669 | 65,743 | 69,129 | |
17 |
58,942 | 66,120 | 72,586 | 80,089 | 124,189 | 137,481 | 156,238 | 56,329 | 22,423 | 11,002 | 21,288 | 20,776 | |
170/4 |
58,942 | 66,120 | 72,586 | 80,089 | 124,189 | 137,481 | 156,238 | 56,329 | 22,423 | 11,002 | 21,288 | 20,776 | |
42/48 |
18,212 | 17,667 | 10,344 | 24,279 | 26,015 | 18,840 | 27,278 | 62,664 | 26,968 | 82,667 | 44,455 | 48,353 | |
42 |
9,054 | 8,924 | 8,807 | 8,670 | 8,547 | 8,426 | 8,306 | 1,826 | 3,104 | 6,542 | 14,047 | 12,780 | |
43 |
- | 917 | - | 1,932 | - | - | - | - | - | - | - | 34,621 | |
439 |
- | 917 | - | 1,932 | - | - | - | - | - | - | - | 34,621 | |
44 |
3,162 | 3,420 | 1,537 | 185 | 347 | 1,087 | 7,732 | 58,459 | 16,094 | 762 | 30,044 | 278 | |
440/4 |
3,162 | 3,420 | 1,537 | 185 | 347 | 1,087 | 7,732 | 58,459 | 16,094 | 762 | 30,044 | 278 | |
45 |
5,996 | 4,405 | - | 13,492 | 17,121 | 9,327 | 11,240 | 2,379 | 7,770 | 50,363 | 364 | 674 | |
450/3 |
5,996 | 4,405 | - | 10,992 | 8,093 | 4,697 | 3,064 | 2,379 | 6,671 | 4,524 | 364 | 674 | |
454/9 |
- | - | - | 2,500 | 9,028 | 4,630 | 8,176 | - | 1,099 | 45,839 | - | - | |
47/48 |
- | - | - | - | - | - | - | - | - | 25,000 | - | - | |
| Income statement | |||||||||||||
76A |
- | - | 9,714 | - | 366 | - | - | - | - | 403 | - | - | |
9900 |
47,209 | 48,661 | 52,950 | 38,510 | 50,637 | 47,358 | 142,055 | 124,477 | 98,373 | 79,097 | 35,737 | 43,280 | |
62 |
200 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
10,087 | 24,341 | 24,439 | 23,822 | 21,695 | 20,225 | 6,825 | 14,067 | 26,117 | 14,657 | 11,533 | 17,035 | |
640/8 |
2,843 | 7,699 | 3,297 | 605 | 325 | 369 | 230 | 1,370 | 266 | 352 | 300 | 463 | |
66A |
- | - | 1,856 | - | - | - | 125,449 | 149,363 | - | - | - | - | |
9901 |
34,079 | 16,621 | 23,359 | 14,084 | 28,617 | 26,764 | 9,550 | -40,324 | 71,990 | 64,088 | 23,904 | 25,782 | |
75/76B |
12 | 3 | - | 201,981 | 0 | 0 | - | 60 | 27 | 6 | - | 0 | |
75 |
12 | 3 | - | 201,981 | 0 | 0 | - | 60 | 27 | 6 | - | 0 | |
65/66B |
1,767 | 1,820 | 2,171 | 2,125 | 2,266 | 2,176 | 3,244 | 199 | 859 | 1,135 | 1,009 | 1,057 | |
65 |
1,767 | 1,820 | 2,171 | 2,125 | 2,266 | 2,176 | 3,244 | 199 | 859 | 1,135 | 1,009 | 1,057 | |
9903 |
32,324 | 14,804 | 21,189 | 213,940 | 26,351 | 24,587 | 6,306 | -40,462 | 71,159 | 63,363 | 22,895 | 24,725 | |
67/77 |
9,693 | 5,122 | 6,170 | 3,188 | 4,731 | 3,304 | - | - | 22,020 | 10,693 | 5,819 | 6,189 | |
9904 |
22,631 | 9,682 | 15,018 | 210,751 | 21,620 | 21,283 | 6,306 | -40,462 | 49,139 | 52,670 | 17,076 | 18,536 | |
9905 |
22,631 | 9,682 | 15,018 | 210,751 | 21,620 | 21,283 | 6,306 | -40,462 | 49,139 | 52,670 | 17,076 | 18,536 | |
| Appropriation of the result | |||||||||||||
9906 |
22,631 | 9,682 | 15,018 | 210,751 | 8,747 | -12,873 | -34,156 | -40,462 | 49,139 | 52,670 | 17,076 | 18,536 | |
14P |
- | - | - | - | -12,873 | - | - | - | - | - | - | - | |
791/2 |
- | - | 1,860 | - | - | - | - | - | - | - | - | - | |
691/2 |
22,631 | 9,682 | 16,878 | 210,751 | 8,747 | - | - | - | 49,139 | 27,670 | 17,076 | 18,536 | |
6920 |
- | - | 1,860 | - | - | - | - | - | - | - | 860 | 1,000 | |
6921 |
22,631 | 9,682 | 15,018 | 210,751 | 8,747 | - | - | - | 49,139 | 27,670 | 16,216 | 17,536 | |
694/7 |
- | - | - | - | - | - | - | - | - | 25,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 25,000 | - | - | |
| Document | |||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 29-09-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-09-2026 | 2026-00531372 | |
| 31-03-2025 | micro format | 15-09-2025 | 2025-00491728 | |
| 31-03-2024 | micro format | 15-10-2024 | 2024-00507290 | |
| 31-03-2023 | micro format | 02-10-2023 | 2023-00466117 | |
| 31-03-2022 | micro format | 26-09-2022 | 2022-20435392 | |
| 31-03-2021 | micro format | 28-09-2021 | 2021-68700250 | |
| 31-03-2020 | micro format | 29-09-2020 | 2020-56600241 | |
| 31-03-2019 | micro format | 23-10-2019 | 2019-71200086 | |
| 31-03-2018 | micro format | 24-09-2018 | 2018-65600166 | |
| 30-06-2016 | abbreviated format | 19-12-2016 | 2016-70500501 | |
| 30-06-2015 | abbreviated format | 14-12-2015 | 2015-68800480 | |
| 30-06-2014 | abbreviated format | 30-01-2015 | 2015-03200428 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €408 | €408 |
| 2023 | 1 | €287 | €287 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,165 | 40,962 | 47,798 | 37,906 | 50,312 | 46,989 | 16,376 | -26,256 | 98,107 | 78,745 | 35,437 | 42,817 | ||
| 32,717 | 34,022 | 39,457 | 234,573 | 43,315 | 41,508 | 13,131 | -26,395 | 75,255 | 67,327 | 28,609 | 35,571 | ||
| 9,235 | 4,350 | 18,871 | 7,936 | 4,904 | 88,417 | 9,733 | 135,007 | 90,513 | 14,813 | 12,342 | 112,850 | ||
| 20,554 | 83,258 | -113,278 | 45,103 | 29,644 | -76,962 | 95,228 | 36,235 | - | 48,651 | 8,271 | - | ||
| 343,694 | 318,037 | 294,831 | 281,747 | 76,193 | 50,649 | 116,323 | 13,015 | -8,851 | -5,015 | -22,243 | -39,023 | ||
| 83.8% | 81.7% | 81.5% | 77.1% | 48.2% | 43.0% | 34.5% | 43.2% | 72.6% | 46.6% | 45.2% | 34.9% | ||
| 19.87 | 19.00 | 29.50 | 12.60 | 3.93 | 3.69 | 5.26 | 1.21 | 0.67 | 0.94 | 0.50 | 0.19 | ||
| 17.17 | 16.21 | 24.74 | 10.59 | 3.93 | 3.69 | 5.26 | 1.21 | 0.67 | 0.94 | 0.50 | 0.19 | ||
| 0.19 | 0.22 | 0.23 | 0.30 | 1.07 | 1.32 | 1.89 | 1.31 | 0.38 | 1.14 | 1.21 | 1.86 | ||
| 5.7% | 2.6% | 4.1% | 60.1% | 15.5% | 18.0% | 6.5% | -44.7% | 37.5% | 64.3% | 31.5% | 49.9% | ||
| 4.8% | 2.1% | 3.3% | 46.3% | 7.5% | 7.8% | 2.2% | -19.3% | 27.2% | 30.0% | 14.2% | 17.4% | ||
| 24.99 | 22.50 | 22.02 | 17.83 | 22.20 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,235 | €4,350 | €9,671 | €7,936 | €4,904 |
| Financial fixed assets | - | - | €9,200 | - | - |
| €10,087 | €24,341 | €24,439 | €23,822 | €21,695 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 105% higher than in 2025 and the highest since 2018. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total falls from 18.3% to 16.2%. Equity is higher and debt is lower.
FLATLINE has no parent and no holdings in its annual accounts.
| Medtech Group
establishment since 27-12-2018 · founded in 2018 |
total assets €22.0m (2025) 0716.909.380 |
| AEXIS INTERNATIONAL
registered office since 18-05-1999 · founded in 1998 · group AEXIS GROUP |
turnover €10.0m (2025) 0464.642.569 |
| AEXIS GROUP
establishment since 22-12-2015 · founded in 2015 |
total assets €9.2m (2025) 0644.747.419 |
| AEXIS BELGIUM
registered office since 23-08-1993 · founded in 1993 · group AEXIS GROUP |
7.4 FTE (2025) 0450.599.543 |
| BANMAH GROUP
establishment since 15-07-2021 · founded in 2021 |
total assets €623,444 (2024) 0771.435.852 |
| FULLCONTROL LOGISTICS
establishment since 23-10-2009 · founded in 2009 |
total assets €230,745 (2025) 0820.086.005 |
| ASSET CONSTRUCT
registered office since 02-07-2024 · founded in 2024 |
total assets €189,777 (2025) 1011.065.642 |
| MY LOCAL DESK
registered office since 17-10-2011 · founded in 2011 · negative equity (2025) |
total assets €70,314 (2025) 0840.604.869 |
| INTERIM EXECUTIVES
registered office since 13-09-2001 · founded in 2001 |
turnover €21,215 (2025) 0475.640.686 |
| All in construction
registered office since 03-04-2026 |
founded in 2026 1036.494.785 |
The connected companies are in the list below.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Leuvensesteenweg 392 registered office 1932 Zaventem | 01-01-2020 | 2.302.790.688 |
| 16-05-2019 | Discontinued | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 24-04-2019 · project 2019051785 | Londerzeel |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23078A0347/00A000 | 3,446 m² | 1 · 1,211 m² | 7.3 m · 2 |
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