Flavo
ActiveSummary
Flavo has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,755 and a net result of €62,159. Equity is shrinking by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▼-25
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.52 in 2024; short-term debt: 85.1% and cash: 25.2% of total assets), and 85.1% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.9%
Return on assets
67.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 18%
← weakest
strongest →
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 09-03-2026, 144 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
144 d early
2024
140 d early
2023
162 d early
2022
175 d early
2021
3 d early
2020
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 101 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,755▼ 66.9%
2024 · €41,596
Total assets
€92,452▼ 10.7%
2024 · €103,531
Net result
€62,159▲ 27.4%
2024 · €48,791
Working capital
-€186
2024 · €31,904
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,005▲ 25.0%€34,511▼ 1.4%€47,114▲ 36.5%€65,953▲ 40.0%€84,932▲ 28.8%
Net result€25,314▲ 11.3%€24,140▼ 4.6%€35,854▲ 48.5%€48,791▲ 36.1%€62,159▲ 27.4%
Equity€53,060▲ 91.2%€77,201▲ 45.5%€37,805▼ 51.0%€41,596▲ 10.0%€13,755▼ 66.9%
Total assets€72,898▲ 83.4%€93,721▲ 28.6%€89,531▼ 4.5%€103,531▲ 15.6%€92,452▼ 10.7%
Debt€19,838▲ 65.4%€16,520▼ 16.7%€51,726▲ 213%€61,935▲ 19.7%€78,697▲ 27.1%
Working capital€42,464▲ 63.4%€71,751▲ 69.0%€26,225▼ 63.4%€31,904▲ 21.7%-€186
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,452
Fixed assets
€13,942 ▲ 43.8%
Current assets
€78,510 ▼ 16.3%
Equity and liabilities €92,452
Equity
€13,755 ▼ 66.9%
Debt
€78,697 ▲ 27.1%
Debt's share of the balance-sheet total rises from 59.8% to 85.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90,346▲
2024 · €70,587
Cash flow
€67,573▲
2024 · €53,425
Current ratio
1.00▼
2024 · 1.52
Debt to equity
5.72▲
2024 · 1.49
ROE
451.9%▲
2024 · 117.3%
ROA
67.2%▲
2024 · 47.1%
Interest coverage
23.45▲
2024 · 20.21
Debt ≤ 1 year
€78,697▲
2024 · €61,935
Income taxes
€19,324▲
2024 · €14,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,703 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,622 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,761 | €2,889 | €4,138 | €4,634 | €5,414 | ▲ 16.8% |
| Other operating charges640/8 | €1,224 | €1,010 | €1,344 | €1,116 | €988 | ▼ 11.4% |
| Gross operating margin9900 | €38,990 | €38,410 | €52,595 | €71,703 | €91,334 | ▲ 27.4% |
| Operating profit (loss)9901 | €35,005 | €34,511 | €47,114 | €65,953 | €84,932 | ▲ 28.8% |
| Financial income75/76B | €33 | €520 | €188 | €377 | €404 | ▲ 7.2% |
| Recurring financial income75 | €33 | €242 | €188 | €377 | €404 | ▲ 7.2% |
| Non-recurring financial income76B | - | €278 | - | - | - | - |
| Financial charges65/66B | €1,536 | €1,763 | €598 | €3,492 | €3,853 | ▲ 10.3% |
| Recurring financial charges65 | €1,258 | €535 | €598 | €3,492 | €3,853 | ▲ 10.3% |
| Non-recurring financial charges66B | €278 | €1,228 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €33,502 | €33,268 | €46,703 | €62,837 | €81,483 | ▲ 29.7% |
| Income taxes67/77 | €8,188 | €9,127 | €10,848 | €14,047 | €19,324 | ▲ 37.6% |
| Profit (loss) for the period9904 | €25,314 | €24,140 | €35,854 | €48,791 | €62,159 | ▲ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €25,314 | €24,140 | €35,854 | €48,791 | €62,159 | ▲ 27.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,898 | €93,721 | €89,531 | €103,531 | €92,452 | ▼ 10.7% |
| Fixed assets21/28 | €10,597 | €7,708 | €12,344 | €9,692 | €13,942 | ▲ 43.8% |
| Tangible fixed assets22/27 | €10,447 | €7,558 | €12,194 | €9,542 | €13,792 | ▲ 44.5% |
| Plant, machinery and equipment23 | €3,670 | €2,352 | €4,392 | €3,316 | €3,384 | ▲ 2.0% |
| Furniture and vehicles24 | €5,242 | €4,064 | €6,794 | €5,353 | €3,758 | ▼ 29.8% |
| Leasing and similar rights25 | €258 | - | - | - | - | - |
| Other tangible fixed assets26 | €1,277 | €1,142 | €1,008 | €873 | €6,649 | ▲ 662% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €62,301 | €86,013 | €77,187 | €93,839 | €78,510 | ▼ 16.3% |
| Amounts receivable after more than one year29 | €10,033 | €20,275 | €20,585 | €18,281 | €735 | ▼ 96.0% |
| Other amounts receivable291 | €10,033 | €20,275 | €20,585 | €18,281 | €735 | ▼ 96.0% |
| Amounts receivable within one year40/41 | €28,658 | €33,883 | €31,124 | €37,290 | €48,491 | ▲ 30.0% |
| Trade receivables40 | €26,827 | €33,011 | €29,472 | €33,655 | €48,491 | ▲ 44.1% |
| Other amounts receivable41 | €1,831 | €873 | €1,652 | €3,635 | - | - |
| Current investments50/53 | €5,213 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €17,512 | €30,392 | €23,144 | €30,999 | €23,326 | ▼ 24.8% |
| Deferred charges and accrued income490/1 | €886 | €1,462 | €2,334 | €7,269 | €5,958 | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,898 | €93,721 | €89,531 | €103,531 | €92,452 | ▼ 10.7% |
| Equity10/15 | €53,060 | €77,201 | €37,805 | €41,596 | €13,755 | ▼ 66.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €48,060 | €72,201 | €32,805 | €36,596 | €8,755 | ▼ 76.1% |
| Distributable reserves133 | €48,060 | €72,201 | €32,805 | €36,596 | €8,755 | ▼ 76.1% |
| Amounts payable17/49 | €19,838 | €16,520 | €51,726 | €61,935 | €78,697 | ▲ 27.1% |
| Amounts payable after more than one year17 | - | €2,258 | €763 | - | - | - |
| Financial debts170/4 | - | €2,258 | €763 | - | - | - |
| Amounts payable within one year42/48 | €19,838 | €14,262 | €50,962 | €61,935 | €78,697 | ▲ 27.1% |
| Current portion of amounts payable after more than one year42 | €9,066 | €3,353 | €4,992 | €4,179 | €3,374 | ▼ 19.3% |
| Financial debts43 | - | €1,659 | - | - | - | - |
| Credit institutions430/8 | - | €1,659 | - | - | - | - |
| Trade debts44 | €2,841 | €1,548 | €2,909 | €1,652 | €4,039 | ▲ 145% |
| Suppliers440/4 | €2,841 | €1,548 | €2,909 | €1,652 | €4,039 | ▲ 145% |
| Taxes, remuneration and social security45 | €7,674 | €7,232 | €7,369 | €11,104 | €15,670 | ▲ 41.1% |
| Taxes450/3 | €7,674 | €7,232 | €7,369 | €10,240 | €12,809 | ▲ 25.1% |
| Remuneration and social security454/9 | - | - | - | €864 | €2,861 | ▲ 231% |
| Other amounts payable47/48 | €257 | €470 | €35,691 | €45,000 | €55,613 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,314 | €24,140 | €35,854 | €48,791 | €62,159 | ▲ 27.4% |
| + Depreciation and write-downs630 | €2,761 | €2,889 | €4,138 | €4,634 | €5,414 | ▲ 16.8% |
| Operating cash flow (approximation) | €28,075 | €27,029 | €39,992 | €53,425 | €67,573 | ▲ 26.5% |
| Investment in fixed assets (approximation) | - | €0 | -€8,774 | -€1,983 | -€9,663 | ▼ 387% |
| Change in cash | - | €12,880 | -€7,248 | €7,855 | -€7,672 | ▼ 198% |
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
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €62,159 ▲27.4%
Operating result €84,932, net result €62,159, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oud-Turnhout · 1 establishment unit since 2020
Ground area
469 m²
Building footprint
93 m²
Volume, LiDAR
478 m³
Parcel 13031D0494/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flavo
since 20202.299.875.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031D0494/00F000 | Flanders | 469 m² | 1 · 93 m² | 7.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
6994001Q6OYUWTSBBN57
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,082 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
Founded02-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
18200Printing and reproduction of recorded media
46341Wholesale of wines and spirits
56309Food and beverage service activities
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
74201Photography, excluding press photography
82300Organisation of conventions and trade shows
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744642670
Also
9925:BE0744642670
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.