FLAVES
ActiveSummary
FLAVES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+76
Solvency31▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.6%
Return on assets
5.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
30 d late
2022
129 d early
2021
31 d early
2020
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2k
2023 · €-30
2020: €45khighest in 5 years
2021: €36k▼ -19.5% vs 2020
2022: €14k▼ -60.8% vs 2021
2023: €-30▼ -100% vs 2022lowest in 5 years
2024: €2k▲ +6451% vs 2023
2020 → 2024
Total assets
€34k▼ 14.4%
2023 · €40k
2020: €66khighest in 5 years
2021: €44k▼ -32.1% vs 2020
2022: €35k▼ -21.2% vs 2021
2023: €40k▲ +14.4% vs 2022
2024: €34k▼ -14.4% vs 2023lowest in 5 years
2020 → 2024
Net result
€2k
2023 · €-14k
2020: €57khighest in 5 years
2021: €-9k▼ -115% vs 2020
2022: €-22k▼ -152% vs 2021lowest in 5 years
2023: €-14k▲ +35.4% vs 2022
2024: €2k▲ +114% vs 2023
2020 → 2024
Working capital
€725
2023 · €-3k
2020: €43khighest in 5 years
2021: €34k▼ -22.1% vs 2020
2022: €11k▼ -66.3% vs 2021
2023: €-3k▼ -125% vs 2022lowest in 5 years
2024: €725▲ +126% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€36k▼ 19.5%€14k▼ 60.8%€-30€2k
2020: €45khighest in 5 years
2021: €36k▼ -19.5% vs 2020
2022: €14k▼ -60.8% vs 2021
2023: €-30▼ -100% vs 2022lowest in 5 years
2024: €2k▲ +6451% vs 2023
Operating result€72k-€-8k€-21k▼ 174%€-13k▲ 38.4%€8k
2020: €72khighest in 5 years
2021: €-8k▼ -111% vs 2020
2022: €-21k▼ -174% vs 2021lowest in 5 years
2023: €-13k▲ +38.4% vs 2022
2024: €8k▲ +165% vs 2023
Net result€57k-€-9k€-22k▼ 152%€-14k▲ 35.4%€2k
2020: €57khighest in 5 years
2021: €-9k▼ -115% vs 2020
2022: €-22k▼ -152% vs 2021lowest in 5 years
2023: €-14k▲ +35.4% vs 2022
2024: €2k▲ +114% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €13k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34k
Fixed assets
€1k ▼ 57.0%
Current assets
€33k ▼ 11.2%
Equity and liabilities €34k
Equity
€2k
Debt
€32k
Debt finances 94.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€10k▲
2023 · €-11k
Cash flow
€4k▲
2023 · €-13k
Current ratio
1.02▲
2023 · 0.93
Debt to equity
16.92
ROE
101.6%
ROA
5.7%▲
2023 · -35.5%
Interest coverage
7.13▲
2023 · -19.16
Debt ≤ 1 year
€32k▼
2023 · €40k
Income taxes
€5k▲
2023 · €709
Staff costs
€19k▼
2023 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€40k€34k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€37k€33k▼
Amounts receivable within one year40/41€26k€25k▼
Trade receivables40€19k€0▼
Other amounts receivable41€6k€25k▲
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1€78€82▲
Equity and liabilities
Total equity and liabilities10/49€40k€34k▼
Equity10/15€-30€2k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-3k€-1k▲
Amounts payable17/49€40k€32k▼
Amounts payable within one year42/48€40k€32k▼
Trade debts44€12k€10k▼
Suppliers440/4€12k€10k▼
Taxes, remuneration and social security45€21k€22k▲
Taxes450/3€9k€10k▲
Remuneration and social security454/9€13k€12k▼
Other amounts payable47/48€7k€0▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€57k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€923€2k▲
Non-recurring operating charges66A€0€160▲
Gross operating margin9900€46k€31k▼
Operating profit (loss)9901€-13k€8k▲
Financial income75/76B€0€461▲
Recurring financial income75€0€461▲
Financial charges65/66B€600€1k▲
Recurring financial charges65€600€1k▲
Profit (loss) for the period before taxes9903€-14k€7k▲
Income taxes67/77€709€5k▲
Profit (loss) for the period9904€-14k€2k▲
Profit (loss) for the period to be appropriated9905€-14k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-1k▲
Profit (loss) brought forward from the previous period14P€11k€-3k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €702 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €22k | €57k | €19k | ▼ 67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | €2k | ▲ 8.5% |
| Other operating charges640/8 | - | €3k | €2k | €923 | €2k | ▲ 111% |
| Non-recurring operating charges66A | - | €414 | €370 | €0 | €160 | - |
| Gross operating margin9900 | €73k | €-3k | €4k | €46k | €31k | ▼ 33.4% |
| Operating profit (loss)9901 | €72k | €-8k | €-21k | €-13k | €8k | ▲ 165% |
| Financial income75/76B | - | €0 | €2 | €0 | €461 | ▲ 2,304,400% |
| Recurring financial income75 | €30 | €0 | €2 | €0 | €461 | ▲ 2,304,400% |
| Financial charges65/66B | - | €168 | €347 | €600 | €1k | ▲ 133% |
| Recurring financial charges65 | €44 | €168 | €347 | €600 | €1k | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €72k | €-8k | €-21k | €-14k | €7k | ▲ 155% |
| Income taxes67/77 | €15k | €933 | €686 | €709 | €5k | ▲ 676% |
| Profit (loss) for the period9904 | €57k | €-9k | €-22k | €-14k | €2k | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €57k | €-9k | €-22k | €-14k | €2k | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €44k | €35k | €40k | €34k | ▼ 14.4% |
| Fixed assets21/28 | €2k | €3k | €3k | €3k | €1k | ▼ 57.0% |
| Tangible fixed assets22/27 | €2k | €3k | €3k | €3k | €1k | ▼ 57.0% |
| Plant, machinery and equipment23 | - | €990 | €0 | - | - | - |
| Furniture and vehicles24 | - | €2k | €3k | €3k | €1k | ▼ 57.0% |
| Current assets29/58 | €64k | €42k | €32k | €37k | €33k | ▼ 11.2% |
| Amounts receivable within one year40/41 | €20k | €2k | €14k | €26k | €25k | ▼ 1.1% |
| Trade receivables40 | - | €590 | €14k | €19k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €2k | €415 | €6k | €25k | ▲ 291% |
| Cash at bank and in hand54/58 | €40k | €35k | €15k | €12k | €8k | ▼ 33.5% |
| Deferred charges and accrued income490/1 | - | €5k | €3k | €78 | €82 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €44k | €35k | €40k | €34k | ▼ 14.4% |
| Equity10/15 | €45k | €36k | €14k | €-30 | €2k | ▲ 6,451% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €42k | €33k | €11k | €-3k | €-1k | ▲ 64.3% |
| Amounts payable17/49 | €20k | €8k | €21k | €40k | €32k | ▼ 19.2% |
| Amounts payable within one year42/48 | €20k | €8k | €21k | €40k | €32k | ▼ 19.2% |
| Trade debts44 | €2k | €1k | €7k | €12k | €10k | ▼ 13.9% |
| Suppliers440/4 | - | €1k | €7k | €12k | €10k | ▼ 13.9% |
| Taxes, remuneration and social security45 | - | €3k | €14k | €21k | €22k | ▲ 3.1% |
| Taxes450/3 | - | €2k | €9k | €9k | €10k | ▲ 20.5% |
| Remuneration and social security454/9 | - | €1k | €6k | €13k | €12k | ▼ 8.3% |
| Other amounts payable47/48 | - | €5k | €0 | €7k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €-9k | €-22k | €-14k | €2k | ▲ 114% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | €2k | ▲ 8.5% |
| Operating cash flow (approximation) | €58k | €-7k | €-21k | €-13k | €4k | ▲ 128% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-5k | €-20k | €-3k | €-4k | ▼ 13.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2019
Ground area
1,211 m²
Building footprint
442 m²
Volume, LiDAR
8,225 m³
2 parcels, Brussels, Wallonia · tallest building 28.7 m, ±9 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
FLAVES
since 20192.296.086.208
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0363/00A000 | Wallonia | 861 m² | 1 · 132 m² | 7.4 m · 2 fl. |
| 21807G0089/00A006 | Brussels | 349 m² | 1 · 310 m² | 28.7 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 3,010 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
Founded08-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.