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FLATLINED

Active
Private limited companyfounded 2016active for 10 yearsGheudestraat 39, 1070 Anderlecht, BelgiumKBO/BCE: BE 0663.637.871
Summary

FLATLINED has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €145,331 and a net result of €72,084. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 73% of 46 sector peers (NACE 93, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
FLATLINEDActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Other amusement and recreation activities
NACE 93299
1 site
Size
€212,902total assets 2026
Equity
€145,331
Profit
€72,084
Turnover not published (micro format)
Financial health
98 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts 125 days early0 of 2 deeds read
Why 98lowers riskLiquidity: current ratio 3.15, cash €193,329Equity €145,331 (68.3% of total assets)Sector: Sports, amusement and recreation activities (NACE 93)Size: total assets €212,902Show the evidence

Checked score

Score 2026
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 82% of its sector peers (NACE 93, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Strong
Solvency 93-6
equity 68.3% of total assets
Liquidity 86-4
short-term debt 31.7% · cash 90.8%
Profitability 100=
return on assets 33.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (4,259 companies, NACE 93, micro)
Last 24 months 11-2024: < 0.1%highest value 12-2024: < 0.1%● unchanged vs 11-2024highest value 01-2025: < 0.1%● unchanged vs 12-2024highest value 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: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.15, compared with 3.83 in 2025, above the usual 1.5; short-term debt: 31.7% and cash: 90.8% of total assets), and 31.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 93, micro): better than 80% on solvency, 86% on liquidity, 94% on profitability and 70% on growth.

The bankruptcy probability was computed on 20-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.15, cash €193,329
NBB · annual accounts
lowers risk · Equity €145,331 (68.3% of total assets)
NBB · annual accounts
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
lowers risk · Size: total assets €212,902
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2026 was due by 31-12-2026 and was filed on 28-08-2026, 125 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
125 days early
2025
91 days early
2024
120 days early
2023
123 days early
2022
122 days early
2021
126 days early
2020
121 days 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 118 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-05-2027 and is due by 31-12-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-05-2027 year end31-12-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · micro…
  2. Highest result from 2019 to 2026net €72,084 ▲40.5%
  3. Annual accounts filedfinancial year 2025 · micro…

Financials · financial year 2026, micro format

Equity
€145,331▲ 19.9%
2025 · €121,247
Total assets
€212,902▲ 29.8%
2025 · €164,074
Net result
€72,084▲ 40.5%
2025 · €51,321
Working capital
€145,331▲ 19.9%
2025 · €121,247
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

After the dip in 2023 the operating result has climbed three years in a row; 2026 is 33% above 2025 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€85,759 2026 Net result€72,084 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€36,632--€18,843€40,293€57,904▲ 43.7%€28,404▼ 50.9%€54,786▲ 92.9%€64,565▲ 17.8%€85,759▲ 32.8%
Net result€28,640--€18,982€35,617above the sector's middle half€45,854above the sector's middle half▲ 28.7%€25,718above the sector's middle half▼ 43.9%€43,195above the sector's middle half▲ 68.0%€51,321above the sector's middle half▲ 18.8%€72,084▲ 40.5%
Equity€62,053-€43,072▼ 30.6%€63,689within the sector's middle half▲ 47.9%€86,013within the sector's middle half▲ 35.1%€86,731within the sector's middle half▲ 0.8%€99,926within the sector's middle half▲ 15.2%€121,247above the sector's middle half▲ 21.3%€145,331▲ 19.9%
Total assets€75,112-€53,501▼ 28.8%€84,788within the sector's middle half▲ 58.5%€118,487within the sector's middle half▲ 39.7%€114,785within the sector's middle half▼ 3.1%€140,815within the sector's middle half▲ 22.7%€164,074within the sector's middle half▲ 16.5%€212,902▲ 29.8%
Debt€13,058-€10,430▼ 20.1%€21,099▲ 102%€32,473▲ 53.9%€28,054▼ 13.6%€40,889▲ 45.8%€42,827▲ 4.7%€67,570▲ 57.8%
Working capital€63,780-€43,072▼ 32.5%€61,636above the sector's middle half▲ 43.1%€84,447above the sector's middle half▲ 37.0%€85,651above the sector's middle half▲ 1.4%€99,333above the sector's middle half▲ 16.0%€121,247above the sector's middle half▲ 22.1%€145,331▲ 19.9%
Solvency82.6%-80.5%▼ 2.1pp75.1%above the sector's middle half▼ 5.4pp72.6%above the sector's middle half▼ 2.5pp75.6%above the sector's middle half▲ 3.0pp71.0%above the sector's middle half▼ 4.6pp73.9%above the sector's middle half▲ 2.9pp68.3%▼ 5.6pp
Current ratio6.63-5.13▼ 1.503.92above the sector's middle half▼ 1.213.60above the sector's middle half▼ 0.324.05above the sector's middle half▲ 0.453.43above the sector's middle half▼ 0.623.83above the sector's middle half▲ 0.403.15▼ 0.68
Return on assets (ROA)38.1%--35.5%▼ 73.6pp42.0%above the sector's middle half▲ 77.5pp38.7%above the sector's middle half▼ 3.3pp22.4%above the sector's middle half▼ 16.3pp30.7%above the sector's middle half▲ 8.3pp31.3%above the sector's middle half▲ 0.6pp33.9%▲ 2.6pp
above within below the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €212,902
Equity €145,331 ▲ 19.9%
Debt €67,570 ▲ 57.8%
Debt's share of the balance-sheet total rises from 26.1% to 31.7%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
Debt to equity
0.46▲
2025 · 0.35
ROE
49.6%▲
2025 · 42.3%
Debt ≤ 1 year
€67,570▲
2025 · €42,827
Income taxes
€14,618▲
2025 · €13,199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 38 lines
Balance sheet Code20252026
Assets
Total assets20/58€164,074€212,902▲
Current assets29/58€164,074€212,902▲
Amounts receivable within one year40/41€32,551€19,572▼
Trade receivables40€32,226€19,025▼
Other amounts receivable41€325€547▲
Cash at bank and in hand54/58€131,523€193,329▲
Equity and liabilities
Total equity and liabilities10/49€164,074€212,902▲
Equity10/15€121,247€145,331▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Other1319€1,860€1,860=
Profit (loss) carried forward14€100,787€124,871▲
Amounts payable17/49€42,827€67,570▲
Amounts payable within one year42/48€42,827€67,570▲
Trade debts44€363-
Suppliers440/4€363-
Taxes, remuneration and social security45€7,891€15,310▲
Taxes450/3€7,891€15,310▲
Other amounts payable47/48€34,573€52,260▲
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€593-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0-
Other operating charges640/8€334€301▼
Gross operating margin9900€65,492€86,060▲
Operating profit (loss)9901€64,565€85,759▲
Financial income75/76B-€999
Recurring financial income75-€999
Financial charges65/66B€45€56▲
Recurring financial charges65€45€56▲
Profit (loss) for the period before taxes9903€64,520€86,702▲
Income taxes67/77€13,199€14,618▲
Profit (loss) for the period9904€51,321€72,084▲
Profit (loss) for the period to be appropriated9905€51,321€72,084▲
Appropriation of the result
Profit (loss) to be appropriated9906€130,787€172,871▲
Profit (loss) brought forward from the previous period14P€79,466€100,787▲
Profit to be distributed694/7€30,000€48,000▲
Return on contributions (dividend)694€30,000€30,000=
Directors or managers695-€18,000

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€380€487€487€487€593--
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€6,257--€0--
Other operating charges640/8---€182€677€526€334€301▼ 9.9%
Gross operating margin9900€36,749-€18,608€40,673€58,573€23,310€55,799€65,492€86,060▲ 31.4%
Operating profit (loss)9901€36,632-€18,843€40,293€57,904€28,404€54,786€64,565€85,759▲ 32.8%
Financial income75/76B----€4,307€71-€999-
Recurring financial income75€2-€1-€1€1-€999-
Non-recurring financial income76B----€4,306€70---
Financial charges65/66B---€97€70€46€45€56▲ 23.7%
Recurring financial charges65€381€156€138€97€70€46€45€56▲ 23.7%
Profit (loss) for the period before taxes9903€36,252-€18,999€40,156€57,808€32,641€54,811€64,520€86,702▲ 34.4%
Income taxes67/77€7,612-€17€4,539€11,954€6,923€11,616€13,199€14,618▲ 10.7%
Profit (loss) for the period9904€28,640-€18,982€35,617€45,854€25,718€43,195€51,321€72,084▲ 40.5%
Profit (loss) for the period to be appropriated9905€28,640-€18,982€35,617€45,854€25,718€43,195€51,321€72,084▲ 40.5%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€75,112€53,501€84,788€118,487€114,785€140,815€164,074€212,902▲ 29.8%
Fixed assets21/28--€2,053€1,566€1,080€593---
Tangible fixed assets22/27--€2,053€1,566€1,080€593---
Furniture and vehicles24---€1,566€1,080€593---
Current assets29/58€75,112€53,501€82,735€116,920€113,705€140,222€164,074€212,902▲ 29.8%
Stocks and contracts in progress3€27,976€9,727€7,805€28,845€6,877€2,912---
Stocks30/36---€28,845€6,877€2,912---
Amounts receivable within one year40/41€20,027€26,489€30,957€23,857€25,419€23,190€32,551€19,572▼ 39.9%
Trade receivables40---€20,231€25,013€22,924€32,226€19,025▼ 41.0%
Other amounts receivable41---€3,626€406€266€325€547▲ 68.3%
Cash at bank and in hand54/58€18,566€12,784€39,298€61,400€78,281€114,120€131,523€193,329▲ 47.0%
Deferred charges and accrued income490/1---€2,818€3,129----
Equity and liabilities
Total equity and liabilities10/49€75,112€53,501€84,788€118,487€114,785€140,815€164,074€212,902▲ 29.8%
Equity10/15€62,053€43,072€63,689€86,013€86,731€99,926€121,247€145,331▲ 19.9%
Contributions10/11€18,600€18,600€18,600€18,600€18,600€18,600€18,600€18,600=
Capital10---€18,600-----
Issued capital100---€18,600-----
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Legal reserve130---€1,860-----
Reserves not available under the articles1311----€1,860----
Other1319-----€1,860€1,860€1,860=
Profit (loss) carried forward14€41,593€22,612€43,229€65,553€66,271€79,466€100,787€124,871▲ 23.9%
Amounts payable17/49€13,058€10,430€21,099€32,473€28,054€40,889€42,827€67,570▲ 57.8%
Amounts payable within one year42/48€11,331€10,430€21,099€32,473€28,054€40,889€42,827€67,570▲ 57.8%
Trade debts44-€3,418€146--€339€363--
Suppliers440/4-----€339€363--
Taxes, remuneration and social security45----€3,879€10,086€7,891€15,310▲ 94.0%
Taxes450/3----€3,879€10,086€7,891€15,310▲ 94.0%
Other amounts payable47/48---€32,473€24,175€30,464€34,573€52,260▲ 51.2%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€28,640-€18,982€35,617€45,854€25,718€43,195€51,321€72,084▲ 40.5%
+ Depreciation and write-downs630--€380€487€487€487€593--
Operating cash flow (approximation)€28,640-€18,982€35,997€46,340€26,205€43,682€51,914€72,084▲ 38.9%
Investment in fixed assets (approximation)---€0€0€0---
Change in cash--€5,781€26,514€22,102€16,881€35,839€17,403€61,806▲ 255%

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

Filings with the National Bank (10)
Financial year Type Filed Reference
31-05-2026 micro format 28-08-2026 2026-00462445
31-05-2025 micro format 01-10-2025 2025-00527748
31-05-2024 micro format 02-09-2024 2024-00429678
31-05-2023 micro format 30-08-2023 2023-00390976
31-05-2022 micro format 31-08-2022 2022-20358915
31-05-2021 micro format 27-08-2021 2021-55300132
31-05-2020 micro format 01-09-2020 2020-49300094
31-05-2019 micro format 03-09-2019 2019-61800599
31-05-2018 micro format 05-09-2018 2018-61700569
31-05-2017 micro format 29-08-2017 2017-50100469

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Of the 6,686 active companies whose main activity is other amusement and recreation activities (NACE 93299), figures are known for 1,172. 845 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

FLATLINED was incorporated on 29 September 2016.1 Total assets rose from €75,112 in 2019 to €212,902 in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Acts, filings and financial milestones

Next filing, financial year 2027, expected by 31-12-2027
2026
28-08
NBB filing Annual accounts filed
financial year 2026 · micro format
31-05
Financial Highest result from 2019 to 2026net €72,084 ▲40.5%
Operating result €85,759, net result €72,084, both a record.
2025
01-10
NBB filing Annual accounts filed
financial year 2025 · micro format
31-05
Financial Equity above €100,000equity €121,247 ▲21.3%
5 profitable years in a row build equity to €121,247.
2024
02-09
NBB filing Annual accounts filed
financial year 2024 · micro format
2023
30-08
NBB filing Annual accounts filed
financial year 2023 · micro format
2022
31-08
NBB filing Annual accounts filed
financial year 2022 · micro format
2021
27-08
NBB filing Annual accounts filed
financial year 2021 · micro format
31-05
Financial Back to profitnet €35,617
Net result €35,617 after one loss-making year.
2020
01-09
NBB filing Annual accounts filed
financial year 2020 · micro format
31-05
Financial Weakest financial yearnet -€18,982
Net result drops to -€18,982, the lowest in the series; recovery starts the following year.
2019
03-09
NBB filing Annual accounts filed
financial year 2019 · micro format
2018
05-09
NBB filing Annual accounts filed
financial year 2018 · micro format
2017
29-08
NBB filing Annual accounts filed
financial year 2017 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company
Founded29-09-2016
Financial year end31-05
Activities, NACEBEL 2025
93299Other amusement and recreation activities
32400Other manufacturing
47640Retail sale of games and toys
58190Other publishing activities, excluding software publishing
58210Publishing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0663637871
Registered 20-11-2020

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 20 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2016
registered office establishment The establishment unit on the map
Ground area
253 m²
Building footprint
135 m²
Building volume
2,012 m³
Parcel 21305B0209/00E022, Brussels · tallest building 20.0 m. Linked by address, not a title deed.
1 establishment unit
FLATLINED
Gheudestraat 39, 1070 AnderlechtOther manufacturing
since 2016unit no. 2.256.809.225
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21305B0209/00E022 Brussels 253 m² 1 · 135 m² 20.0 m · 6
How the parcels are linked
Good to know
The parcel matches the address exactly.

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