FlatWin

Active Private limited companyfounded 2020active for 6 yearsAvenue de la Gare 2, 1300 WavreKBO/BCE: BE 0744.770.057

FlatWin

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Overview

Lifetime

6 annual accounts with figures on one time axis

Compare with

Gross marginpeak €191,773 (2025)

€191,773▲ 72.0%

Resultpeak €123,899 (2025)

€123,899▲ 100%

Equitypeak €316,996 (2025)

€316,996▲ 64.2%

Debts

€214,918▼ 24.8%

Board1 name since 2021

1 directorTRISOLINO THOMAS

Documentsfilings and deeds

27-07-20264 days before the deadline

2025micro format

Gross margin from €111,466 to €191,773Result from €61,849 to €123,899Equity from €193,097 to €316,996Debts from €285,656 to €214,918Cash from €127,456 to €209,146

Key points

from the 2025 annual accounts

Equity

€316,996 ▲ 64.2%

FlatWin has made a profit in every financial year since 2020.

Result

€123,899 ▲ 100%

The result rose in 2025 from €61,849 to €123,899.

Turnover

≈ €330,000 estimated

The micro format states no turnover.

Liquidity

1.91 was 1.21 in 2024

Short-term debts fell from €284,340 to €214,906.

Filings

6 annual accounts 2 late

The 2022 accounts came latest: 29 days after the end of the period.

Position in the sector

€123,899

Higher net result than 89% of companies in head offices and management consultancy. Sector median €27,169 · 39,328 companies.

Checked score

Excellent

Financially stronger than 69% of micro companies in head offices and management consultancy (NACE 70)

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: 0.1% across 48,551 companies (NACE 70, micro).

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

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 percentage points 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 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength

Strong

Solvency

85+20equity 59.6% of total assets

Liquidity

80+28short-term debt 40.4% · cash 39.3%

Profitability

98+13return on assets 23.3%

Score breakdown

lowers risk

Sector: Activities of head offices; management consultancy activities (NACE 70)

Liquidity: current ratio 1.91, cash €209,146

Size: total assets €531,914

Equity €316,996 (59.6% 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 70, micro). It does better than 55% of them on solvency, 72% on liquidity, 67% on profitability and 84% on growth.

The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.

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, 6,782 companies had the same profile as FlatWin has now. Each dot stands for 17 companies, two years later.

96.7%

were still trading

2.7%

stopped another way

0.6%

went bankrupt

Small
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of FlatWin itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the 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%	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 6,782 companies, not a prediction for FlatWin. 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 €30,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.91 (1.21 in 2024), above the usual 1.5. Short-term debt is 40.4% and cash 39.3% of total assets. 40.4% 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

5 signals, none raises the risk

Five signals.

lowers riskneutral

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Liquidity: current ratio 1.91, cash €209,146

NBB · annual accounts

Size: total assets €531,914

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Equity €316,996 (59.6% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

4 days early

2024

28 days early

2023

7 days early

2022

29 days late

2021

11 days late

2020

7 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 1 day 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.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

06-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

TRISOLINO THOMAS

Director

Board & ownership

Recent changes

07-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0744770057

05-03-2020

Incorporation published on 09-03-2020 · Gazette deed

05-03-2020

First establishment FlatBike, Avenue de la Gare 2, Wavre

All 13 events

Comparable companies

same main activity, similar in size and age

Company	Total assets	Gross margin	Solvency	Staff
FlatWin Wavre	€531,914	€191,773	59.6%	-
SG ESTATE & CONSULTING Wavre	€459,594	€173,948	26.2%	-
6X0 Wavre	€450,204	€191,539	42.5%	-
TAÏGA CONSULT Lasne	€548,359	€179,568	23.6%	-
PROGRESSIO MANAGEMENT Chaumont-Gistoux	€495,597	€177,621	36.0%	-
WHITE VIPER CORPORATION Waterloo	€547,051	€168,354	72.4%	-
Highland Life Sciences Lasne	€601,142	€183,041	86.6%	-

These companies have the same main activity as FlatWin: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €450,000 and €601,000, founded between 2019 and 2021.

Official details

Source: KBO

Status: Active since 05-03-2020Normal situation
Activity: Business and other management consultancyNACE 70200and 1 other
Establishment unit: 2.300.673.8131300 Wavre, since 05-03-2020
Financial year end: 31 December
Peppol: Reachable since 07-01-2026

Company details

Annual accounts 2025

Gross margin: €191,773▲ 72.0%
Profit: €123,899▲ 100%
Equity: €316,996▲ 64.2%
Total assets: €531,914▲ 11.1%
Filing: Filed on 27-07-2026, 4 days before the end of the filing period

Financials

Insights on FlatWin

FlatWin files the micro format. That format states no turnover. The gross margin rose from €13,137 in 2020 to €191,773 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-07-2026, 4 days before the deadline

Gross margin

€191,773

▲ 72.0%

Operating result

€171,092

▲ 90.0%

Profit

€123,899

▲ 100%

Working capital

€195,298

▲ 231%

Solvency

59.6%

▲ 19.3 percentage points

Current ratio

1.91

▲ 0.70

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 ≈ €330,000. Estimated: probably between €270,000 and €390,000.

Balance sheet

balance sheet total €531,914 on 31-12-2025

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency59.6%

Higher than 54% of 39,312 companies in 2025.

Current ratio1.91

Higher than 47% of 37,997 companies in 2025.

Return on assets23.3%

Higher than 63% of 38,469 companies in 2025.

FlatWin Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	531,914	478,753	415,398	303,573	200,209	144,561
Fixed assets`21/28`	121,710	135,483	150,894	160,053	87,964	15,143
Intangible fixed assets`21`	790	1,600	2,410	3,220	2,776	-
Tangible fixed assets`22/27`	120,920	133,703	148,304	156,653	85,189	15,143
Plant, machinery and equipment`23`	6,780	10,297	15,673	21,274	13,618	1,337
Furniture and vehicles`24`	211	529	1,058	1,864	999	1,115
Other tangible fixed assets`26`	113,929	122,877	131,573	133,515	70,572	12,691
Financial fixed assets`28`	-	180	180	180	-	-
Current assets`29/58`	410,204	343,270	264,504	143,520	112,244	129,418
Stocks and contracts in progress`3`	159,862	171,177	240,476	110,907	69,761	36,908
Stocks`30/36`	159,862	171,177	240,476	110,907	69,761	36,908
Amounts receivable within one year`40/41`	40,573	43,443	16,838	15,449	18,093	23,536
Trade receivables`40`	40,573	43,443	16,336	15,449	17,500	23,536
Other amounts receivable`41`	-	-	502	-	593	-
Cash at bank and in hand`54/58`	209,146	127,456	6,629	15,557	23,818	67,914
Deferred charges and accrued income`490/1`	623	1,194	561	1,607	573	1,061
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	531,914	478,753	415,398	303,573	200,209	144,561
Equity`10/15`	316,996	193,097	131,248	70,449	41,969	11,785
Contributions`10/11`	3,000	3,000	3,000	3,000	3,000	3,000
Contributions outside capital`11`	-	-	-	3,000	-	-
Other`1109/19`	-	-	-	3,000	-	-
Reserves`13`	34,369	34,369	34,369	34,369	8,785	8,785
Distributable reserves`133`	34,369	34,369	34,369	34,369	8,785	8,785
Profit (loss) carried forward`14`	279,627	155,728	93,879	33,080	30,183	-
Amounts payable`17/49`	214,918	285,656	284,150	233,124	158,240	132,776
Amounts payable within one year`42/48`	214,906	284,340	283,877	232,779	158,240	132,776
Trade debts`44`	15,738	8,126	9,356	10,185	10,809	14,383
Suppliers`440/4`	15,738	8,126	9,356	10,185	10,809	14,383
Taxes, remuneration and social security`45`	49,895	25,992	17,632	7,986	2,279	2,839
Taxes`450/3`	49,895	25,902	16,106	7,587	2,279	2,839
Remuneration and social security`454/9`	-	90	1,526	399	-	-
Other amounts payable`47/48`	149,273	250,222	256,889	214,608	145,153	115,554
Accrued charges and deferred income`492/3`	12	1,316	273	345	-	-
Income statement
Gross operating margin`9900`	191,773	111,466	103,031	55,769	38,116	13,137
Remuneration, social security and pensions`62`	98	2,382	7,694	2,668	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	17,567	17,597	17,641	14,990	5,134	1,040
Other operating charges`640/8`	3,016	1,440	1,152	685	2,248	1,151
Operating profit (loss)`9901`	171,092	90,047	76,544	37,426	30,734	10,946
Financial income`75/76B`	2	3	5	10	-	0
Recurring financial income`75`	2	3	5	10	-	0
Financial charges`65/66B`	383	6,727	454	303	271	162
Recurring financial charges`65`	383	6,727	454	303	271	162
Profit (loss) for the period before taxes`9903`	170,711	83,323	76,095	37,133	30,464	10,784
Income taxes`67/77`	46,812	21,474	15,296	4,053	280	1,999
Profit (loss) for the period`9904`	123,899	61,849	60,799	33,080	30,183	8,785
Profit (loss) for the period to be appropriated`9905`	123,899	61,849	60,799	33,080	30,183	8,785
Appropriation of the result
Profit (loss) to be appropriated`9906`	279,627	155,728	93,879	33,080	30,183	8,785
Profit (loss) brought forward from the previous period`14P`	155,728	93,879	33,080	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	8,785
To other reserves`6921`	-	-	-	-	-	8,785
Social balance sheet
Average staff (FTE)`9087`	-	-	-	1	-	-
Hours worked`1013`	-	-	-	382	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 9 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 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	27-07-2026	2026-00336464	PDF
31-12-2024	micro format	03-07-2025	2025-00226331	PDF
31-12-2023	micro format	24-07-2024	2024-00313626	PDF
31-12-2022	micro format	29-08-2023	2023-00418357	PDF
31-12-2021	micro format	11-08-2022	2022-20285803	PDF
31-12-2020	micro format	24-07-2021	2021-39700594	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2025	2024	2023	2022	2021	2020
EBITDA	188,659	107,644	94,185	52,416	35,868	11,985
Cash flow	141,466	79,446	78,440	48,070	35,317	9,825
Investment in fixed assets	3,974	2,186	8,482	87,079	77,955	16,183
Change in cash	81,690	120,827	-8,928	-8,261	-44,097	-
Working capital	195,298	58,930	-19,373	-89,259	-45,996	-3,358
Solvency	59.6%	40.3%	31.6%	23.2%	21.0%	8.2%
Current ratio	1.91	1.21	0.93	0.62	0.71	0.97
Quick ratio	1.16	0.61	0.08	0.14	0.27	0.70
Debt to equity	0.68	1.48	2.16	3.31	3.77	11.27
ROE	39.1%	32.0%	46.3%	47.0%	71.9%	74.5%
ROA	23.3%	12.9%	14.6%	10.9%	15.1%	6.1%
Interest coverage	over 100	16.00	over 100	over 100	over 100	-

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.

Social balance sheet

Item	31-12-2022
Employees at the balance-sheet date	1
full-time	1
in full-time equivalents	1
Average over the year, in full-time equivalents	1
Joined	1
Left	0

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,974	€2,186	€8,482	€85,684	€75,120
Intangible fixed assets	-	-	-	€1,215	€2,835
Financial fixed assets	-	-	-	€180	-
Depreciation and write-downs of the year	€17,567	€17,597	€17,641	€14,990	€5,134

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FlatWin

The operating result for 2025 is 90% higher than in 2024 and the highest since 2020. It is the fifth rise in a row.

Debt's share of the balance-sheet total falls from 59.7% to 40.4%. Equity is higher and debt is lower.

Board & ownership

Board

1 director

TRISOLINO THOMAS

Director

listed in the 2025 annual accounts, filed on 27-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

TRISOLINO THOMAS
Director

Boardmandate already running before its first mention

Mandates as a list

TRISOLINO THOMAS
- Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €3,000
Source: 2025 annual accounts

Network & group

No group

FlatWin has no parent and no holdings in its annual accounts. TRISOLINO THOMAS is the only director. FlatWin shares no director with another company.

At the same address

Avenue de la Gare 2, 1300 Wavre · 1 other company

VECTURIS

registered office since 01-08-2012 · founded in 2006

4 FTE (2025)

0879.349.342

Timeline

13 events since 2020

Filings

Financial

Establishments

2020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

27-07-2026

Annual accounts 2025 filed NBBmicro format · 4 days before the deadline

07-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0744770057

2025

31-12-2025

Highest result from 2020 to 2025 net €123,899 ▲100% The operating result of €171,092 and the net result of €123,899 are both a record.

31-12-2025

Equity above €200,000 equity €316,996 ▲64.2% With a profit in every financial year since 2020, equity grows to €316,996.

03-07-2025

Annual accounts 2024 filed PDFmicro format · 28 days before the deadline

2024

31-12-2024

Equity above €150,000 equity €193,097 ▲47.1% With a profit in every financial year since 2020, equity grows to €193,097.

24-07-2024

Annual accounts 2023 filed PDFmicro format · 7 days before the deadline

2023

31-12-2023

Equity above €100,000 equity €131,248 ▲86.3% With a profit in every financial year since 2020, equity grows to €131,248.

29-08-2023

Annual accounts 2022 filed PDFmicro format · 29 days late

2022

11-08-2022

Annual accounts 2021 filed PDFmicro format · 11 days late

2021

24-07-2021

Annual accounts 2020 filed PDFmicro format · 7 days before the deadline

2020

05-03-2020

Incorporation PDFpublished on 09-03-2020

05-03-2020

First establishment FlatBike, Avenue de la Gare 2, Wavre

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

FlatWin was incorporated on 5 March 2020 as a private limited company.¹ Total assets rose from €144,561 in 2020 to €531,914 in 2025.²

Company details

Identity

Enterprise number: 0744.770.057
VAT number: BE 0744.770.057
Peppol ID: 0208:0744770057
Legal form: Private limited company
Status: Active, normal situation
Founded: 05-03-2020
Financial year: ends on 31 December
Peppol: Reachable since 07-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: FlatWin in French
Entity type: Legal entity

Activities

NACEBEL 2025

70200 Business and other management consultancy main activity

47830 Retail sale of motorcycles and motorcycle parts and accessories

Codes under NACEBEL 2008

70220 Business consulting main activity

45402

Registered office and establishments

1 establishment

Establishment	Since	Unit number
FlatBike registered office Avenue de la Gare 2, 1300 Wavre 46730 Wholesale trade	05-03-2020	2.300.673.813

Buildings and parcels at the address

Ground area: 304 m²
Buildings: 461 m²
Volume, LiDAR: 3,492 m³
Tallest building: 11.2 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

2 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
25055C0127/00Z005	304 m²	1 · 460 m²	11.2 m · 3

Overview

Lifetime

Key points

Equity

Result

Turnover

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on FlatWin

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency59.6%

Current ratio1.91

Return on assets23.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on FlatWin

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels