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FLATRACO

Active
Private limited companyfounded 198640 yrs activeAntwerpsebaan 1, 2040 Antwerpen, BelgiumKBO/BCE: BE 0428.834.822
Summary

FLATRACO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291,728 and a net result of €5,761. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 69% of 723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability40=
Solvency81▲+1
Growth68=
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.44 in 2024; short-term debt: 41.8% and cash: 76.3% of total assets), and 44.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
55.8%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
29 d early
2023
28 d early
2022
20 d early
2021
20 d early
2020
29 d early
2019
36 d 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 28 days before the deadline; the sector median for financial year 2024 is 8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 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

History

FLATRACO was incorporated on 6 May 1986.1 Total assets rose from EUR 475,339 in 2018 to EUR 523,225 in 2025 and headcount from 1.8 full-time equivalents in 2018 to 2 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€280,857▲ 26.4%
2020 · €222,171
EBIT margin
4.3%▼ 0.9pp
2020 · 5.2%
Net result
€5,761▲ 28.6%
2024 · €4,481
Working capital
€304,295▼ 1.0%
2024 · €307,467
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€280,857▲ 26.4%
Operating result€12,211▲ 5.0%€13,462▲ 10.2%-€1,019€10,653€12,878▲ 20.9%
Net result€7,242within the sector's middle half▲ 14.5%€8,586within the sector's middle half▲ 18.6%-€3,585below the sector's middle half€4,481within the sector's middle half€5,761within the sector's middle half▲ 28.6%
EBIT margin4.3%▼ 0.9pp
Equity€276,484within the sector's middle half▲ 2.7%€285,070within the sector's middle half▲ 3.1%€281,485within the sector's middle half▼ 1.3%€285,967within the sector's middle half▲ 1.6%€291,728within the sector's middle half▲ 2.0%
Total assets€1.6mwithin the sector's middle half▲ 231%€442,616below the sector's middle half▼ 71.5%€416,410below the sector's middle half▼ 5.9%€521,398below the sector's middle half▲ 25.2%€523,225within the sector's middle half▲ 0.4%
Debt€1.3m▲ 538%€157,546▼ 87.7%€123,924▼ 21.3%€216,931▲ 75.1%€220,497▲ 1.6%
Working capital€279,154▲ 2.7%€287,740▲ 3.1%€293,985▲ 2.2%€307,467▲ 4.6%€304,295▼ 1.0%
Solvency17.8%within the sector's middle half▼ 39.6pp64.4%above the sector's middle half▲ 46.6pp67.6%above the sector's middle half▲ 3.2pp54.8%within the sector's middle half▼ 12.8pp55.8%within the sector's middle half▲ 0.9pp
Staff (FTE)2.7within the sector's middle half▼ 3.6%2.4below the sector's middle half▼ 11.1%2within the sector's middle half▼ 16.7%0below the sector's middle half▼ 100%
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2021: €12,211€12,211Net result 2021: €7,242€7,242Operating result 2022: €13,462€13,462Net result 2022: €8,586€8,586Operating result 2023: -€1,019-€1,019Net result 2023: -€3,585-€3,585Operating result 2024: €10,653€10,653Net result 2024: €4,481€4,481Operating result 2025: €12,878€12,878Net result 2025: €5,761€5,76120212022202320242025-€5,000€0€5,000€10,000€15,000Operating result 2023: -€1,019-€1,020Net result 2023: -€3,585-€3,580Operating result 2024: €10,653€10,700Net result 2024: €4,481€4,480Operating result 2025: €12,878€12,900Net result 2025: €5,761€5,760202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €523,225
Equity €291,728 ▲ 2.0%
Provisions €11,000 ▼ 40.5%
Debt €220,497 ▲ 1.6%
Debt's share of the balance-sheet total rises from 41.6% to 42.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.39▼
2024 · 2.44
Debt to equity
0.76▼
2024 · 0.76
ROE
2.0%▲
2024 · 1.6%
ROA
1.1%▲
2024 · 0.9%
Debt ≤ 1 year
€218,929▲
2024 · €213,931
Income taxes
€6,022▲
2024 · €4,020
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€521,398€523,225▲
Current assets29/58€521,398€523,225▲
Amounts receivable within one year40/41€224,404€124,160▼
Trade receivables40€201,158€97,737▼
Other amounts receivable41€23,245€26,424▲
Cash at bank and in hand54/58€296,994€399,065▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€521,398€523,225▲
Equity10/15€285,967€291,728▲
Contributions10/11€18,600€18,600=
Reserves13€6,197€6,197=
Distributable reserves133€6,197€6,197=
Profit (loss) carried forward14€261,170€266,931▲
Provisions and deferred taxes16€18,500€11,000▼
Provisions for liabilities and charges160/5€18,500€11,000▼
Other liabilities and charges164/5€18,500€11,000▼
Amounts payable17/49€216,931€220,497▲
Amounts payable within one year42/48€213,931€218,929▲
Trade debts44€212,631€214,607▲
Suppliers440/4€212,631€214,607▲
Taxes, remuneration and social security45€1,300€4,322▲
Taxes450/3€1,300€4,322▲
Remuneration and social security454/9€0-
Accrued charges and deferred income492/3€3,000€1,568▼
Income statement Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8€7,500-€7,500▼
Other operating charges640/8€7,420€8,118▲
Gross operating margin9900€25,573€13,497▼
Operating profit (loss)9901€10,653€12,878▲
Financial income75/76B€6€650▲
Recurring financial income75€6€650▲
Financial charges65/66B€2,157€1,746▼
Recurring financial charges65€2,157€1,746▼
Profit (loss) for the period before taxes9903€8,501€11,783▲
Income taxes67/77€4,020€6,022▲
Profit (loss) for the period9904€4,481€5,761▲
Profit (loss) for the period to be appropriated9905€4,481€5,761▲
Appropriation of the result
Profit (loss) to be appropriated9906€261,170€266,931▲
Profit (loss) brought forward from the previous period14P€256,688€261,170▲
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€280,857-----
Non-recurring operating income76A--€291€0--
Goods, raw materials, services and sundry goods60/61€119,567-----
Remuneration, social security and pensions62€167,664€125,755€155,026€0--
Provisions for liabilities and charges: additions (uses and reversals)635/8--€11,000€7,500-€7,500▼ 200%
Other operating charges640/8€449€963€5,968€7,420€8,118▲ 9.4%
Gross operating margin9900€180,323€140,180€170,976€25,573€13,497▼ 47.2%
Operating profit (loss)9901€12,211€13,462-€1,019€10,653€12,878▲ 20.9%
Financial income75/76B€0€234€0€6€650▲ 11,701%
Recurring financial income75€0€234€0€6€650▲ 11,701%
Financial charges65/66B€919€1,229€1,102€2,157€1,746▼ 19.1%
Recurring financial charges65€919€1,229€1,102€2,157€1,746▼ 19.1%
Profit (loss) for the period before taxes9903€11,292€12,467-€2,121€8,501€11,783▲ 38.6%
Income taxes67/77€4,051€3,881€1,464€4,020€6,022▲ 49.8%
Profit (loss) for the period9904€7,242€8,586-€3,585€4,481€5,761▲ 28.6%
Profit (loss) for the period to be appropriated9905€7,242€8,586-€3,585€4,481€5,761▲ 28.6%
Line20212022202320242025Change
Assets
Total assets20/58€1.6m€442,616€416,410€521,398€523,225▲ 0.4%
Current assets29/58€1.6m€442,616€416,410€521,398€523,225▲ 0.4%
Amounts receivable within one year40/41€1.4m€196,383€226,053€224,404€124,160▼ 44.7%
Trade receivables40€1.4m€192,425€212,806€201,158€97,737▼ 51.4%
Other amounts receivable41€15,856€3,958€13,247€23,245€26,424▲ 13.7%
Cash at bank and in hand54/58€129,585€246,233€190,214€296,994€399,065▲ 34.4%
Deferred charges and accrued income490/1€420€0€142€0--
Equity and liabilities
Total equity and liabilities10/49€1.6m€442,616€416,410€521,398€523,225▲ 0.4%
Equity10/15€276,484€285,070€281,485€285,967€291,728▲ 2.0%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€6,197€6,197€6,197€6,197€6,197=
Distributable reserves133€6,197€6,197€6,197€6,197€6,197=
Profit (loss) carried forward14€251,687€260,273€256,688€261,170€266,931▲ 2.2%
Provisions and deferred taxes16--€11,000€18,500€11,000▼ 40.5%
Provisions for liabilities and charges160/5--€11,000€18,500€11,000▼ 40.5%
Other liabilities and charges164/5--€11,000€18,500€11,000▼ 40.5%
Amounts payable17/49€1.3m€157,546€123,924€216,931€220,497▲ 1.6%
Amounts payable within one year42/48€1.3m€154,876€122,424€213,931€218,929▲ 2.3%
Trade debts44€1.3m€139,747€121,892€212,631€214,607▲ 0.9%
Suppliers440/4€1.3m€139,747€121,892€212,631€214,607▲ 0.9%
Taxes, remuneration and social security45€22,524€15,129€532€1,300€4,322▲ 232%
Taxes450/3€6,375€6,769€0€1,300€4,322▲ 232%
Remuneration and social security454/9€16,149€8,360€532€0--
Accrued charges and deferred income492/3€2,670€2,670€1,500€3,000€1,568▼ 47.8%
Line20212022202320242025Change
Profit (loss) for the period9904€7,242€8,586-€3,585€4,481€5,761▲ 28.6%
Operating cash flow (approximation)€7,242€8,586-€3,585€4,481€5,761▲ 28.6%
Change in cash-€116,648-€56,019€106,780€102,071▼ 4.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €4,481
Net result €4,481 after one loss-making year.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet -€3,585
Net result drops to -€3,585, the lowest in the series; recovery starts the following year.
11-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Highest result since 2018net €8,586 ▲18.6%
Net result €8,586, the highest in the series.
31-12
Financial Liquidity doublescurrent ratio 2.86
Current ratio from 1.22 to 2.86; short-term debt falls from €1.3m to €154,876.
11-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State 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.

Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
11.3 ha
Building footprint
809 m²
Volume, LiDAR
9,013 m³
Parcel 11818B0320/00A000, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
11 companies at this address See who is registered here
1 establishment unit
FLATRACO
Antwerpsebaan 1, 2040 AntwerpenNACE 63404
since 19862.037.044.738
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11818B0320/00A000 Flanders 11.3 ha 1 · 809 m² 14.2 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group STEVAL CONSULT 10 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. STEVAL CONSULT 100%
  2. ZUIDNATIE HOLDING 99.91%
  3. Zuidnatie 92.3%
  4. ZUIDNATIE BEHEER 75%
  5. FLATRACO

Highest known parent: STEVAL CONSULT. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,455 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-05-1986
Fiscal year end31-12
Abbreviation NL FTC
Activities, NACEBEL 2025
52250Logistics services
52100Warehousing and storage
52241Warehousing and support activities for transportation
52249Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0428834822
Also 9925:BE0428834822

Register as of 27 September 2026 · Peppol Directory

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