FLB
ActiveSummary
The computed 12-month bankruptcy probability of FLB is 2.3% (moderate). The 2024 annual accounts show equity of €149,922 and a net result of €64,510. Equity has been growing by about 84% per year since 2022. Its solvency ranks better than 53% of 626 sector peers (NACE 72, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-09-2021 Normal situation
- Activity
- Scientific research and development NACE 72200and 2 others
- Establishment unit
- 2.322.804.164 1190 Vorst, since 21-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 06-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.3%
- Gross margin
- €81,582
- ▼ 20.0%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €64,510
- ▼ 19.0%
- Equity
- €149,922
- ▲ 75.5%
- Total assets
- €228,909
- ▼ 45.9%
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 120 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 02-12-2025)lowers riskSector: Scientific research and development (NACE 72)Liquidity: current ratio 2.67, cash €57,816Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 72, micro). It does better than 57% of them on solvency, 55% on liquidity, 90% on profitability and 90% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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
The company filed its last 3 accounts on average 75 days after the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 28-11-2025 PDF all 3 filings
Every figure per financial year
The operating result for 2024 is 23% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | - | €28,275 | - |
| Depreciation and write-downs of the year | - | €4,800 | €5,655 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,800 | €5,655 | ▲ 17.8% |
| Other operating charges640/8 | €726 | - | €782 | - |
| Gross operating margin9900 | €5,576 | €101,917 | €81,582 | ▼ 20.0% |
| Operating profit (loss)9901 | €4,850 | €97,117 | €75,145 | ▼ 22.6% |
| Financial income75/76B | €94 | €2,982 | €7,834 | ▲ 163% |
| Recurring financial income75 | €94 | €2,982 | €7,834 | ▲ 163% |
| Financial charges65/66B | €182 | €174 | €1,418 | ▲ 714% |
| Recurring financial charges65 | €182 | €174 | €1,418 | ▲ 714% |
| Profit (loss) for the period before taxes9903 | €4,762 | €99,925 | €81,561 | ▼ 18.4% |
| Income taxes67/77 | €996 | €20,279 | €17,051 | ▼ 15.9% |
| Profit (loss) for the period9904 | €3,767 | €79,646 | €64,510 | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €3,767 | €79,646 | €64,510 | ▼ 19.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €110,669 | €422,777 | €228,909 | ▼ 45.9% |
| Fixed assets21/28 | - | €23,475 | €17,820 | ▼ 24.1% |
| Tangible fixed assets22/27 | - | €23,475 | €17,820 | ▼ 24.1% |
| Plant, machinery and equipment23 | - | €23,475 | €17,820 | ▼ 24.1% |
| Current assets29/58 | €110,669 | €399,302 | €211,089 | ▼ 47.1% |
| Stocks and contracts in progress3 | €47,121 | €73,734 | - | - |
| Stocks30/36 | €47,121 | €73,734 | - | - |
| Amounts receivable within one year40/41 | €62,626 | €299,895 | €153,273 | ▼ 48.9% |
| Trade receivables40 | €8,296 | €93,600 | €2,650 | ▼ 97.2% |
| Other amounts receivable41 | €54,330 | €206,295 | €150,623 | ▼ 27.0% |
| Cash at bank and in hand54/58 | €921 | €25,672 | €57,816 | ▲ 125% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €110,669 | €422,777 | €228,909 | ▼ 45.9% |
| Equity10/15 | €5,767 | €85,412 | €149,922 | ▲ 75.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €3,767 | €83,412 | €147,922 | ▲ 77.3% |
| Amounts payable17/49 | €104,902 | €337,364 | €78,987 | ▼ 76.6% |
| Amounts payable within one year42/48 | €104,902 | €337,364 | €78,987 | ▼ 76.6% |
| Trade debts44 | €1,737 | €213,920 | €18,712 | ▼ 91.3% |
| Suppliers440/4 | €1,737 | €213,920 | €18,712 | ▼ 91.3% |
| Taxes, remuneration and social security45 | €996 | €21,274 | €60,276 | ▲ 183% |
| Taxes450/3 | €996 | €21,274 | €60,276 | ▲ 183% |
| Other amounts payable47/48 | €102,170 | €102,170 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,767 | €79,646 | €64,510 | ▼ 19.0% |
| + Depreciation and write-downs630 | - | €4,800 | €5,655 | ▲ 17.8% |
| Operating cash flow (approximation) | €3,767 | €84,446 | €70,165 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €24,751 | €32,144 | ▲ 29.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as FLB has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLB itself is higher: 2.3% within 12 months. It rests on far more data about FLB than the profile alone.
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.
| 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 26,972 companies, not a prediction for FLB. 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.
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 23-09-2021 (in French)
Network & group
FLB shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FLB. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-09
Gazette deed
IncorporationAppointment: GENOUD Didier (director) · Founder · Bank account11 points ▸
- Incorporation, “FLB” (deed in French)
- Founder, GENOUD Didier (comparant)
- Bank account, “société en formation, dépôt des apports” (deed in French)
- Other provision, “certification du dépôt en espèces, conformément aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital
- General meeting, “comparant réuni, ne deviendront effectives qu'à dater du dépôt au greffe d'une expédition de l'acte constitutif conformément à la loi” (deed in French)
- Registered office clause, “1190 Forest, Boulevard Guillaume Van Haelen”, 82 (deed in French)
- Board rule, 1
- Director appointment, GENOUD Didier (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements obligations qui en résultent et toutes activités entreprises au nom et pour compte de société en formation” (deed in French)
- Founding capital, €2,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
11 activities
- Toutes activités de recherche-développement sous toutes ses formes,tant en matières scientifiques qu’en sciences humaines et sociales ;
- Le développement,achat et vente,en gros et au détail,de cosmétiques,de matériel esthétique et médical,de produits alimentaires et compléments alimentaires,sans que cette liste soit exhaustive ;
- L'importation,l'exportation,l’achat,la vente dans le monde entier de tous produits,matières et services de toutes origines ;
- Le développement et la commercialisation de produits et la prestation de conseils et de services dans le domaine de l'ingénierie et de l'informatique,notamment par l'exploitation et la commercialisation d'un ou de plusieurs procédés novateurs de haute technologie ;
- Tous travaux de recherche en matière de technologies de pointe,ainsi que leur exploitation et diffusion,par quelque moyen que ce soit ;
- L’achat,la vente,et la construction pour son compte ou pour compte de tiers,en tant que maître de l’ouvrage ou entrepreneur général,de immobiliers et effectuer,éventuellement,des transformations et mises en valeur. La société peut acheter tous matériaux,signer tous contrats d’entreprises qui seraient nécessaires ;
- La gestion de centres esthétiques médicaux et paramédicaux ;
- La fourniture de tous avis,conseils,formations et assistance sous quelque forme que ce soit à tous tiers,personnes physiques ou morales,dans tous les domaines et notamment,sans que cette liste soit exhaustive,en matière de stratégie,d’organisation,de management,de gestion de ressources humaines (en ce compris le coaching individuel ou de groupes),d’administration,de gestion,de marketing,de finances,d’informatique et de développement commercial ou encore en matière de vente et d’achat d’entreprises ;
- Les services à la personne sous toutes ses formes telles que relatives aux matières de finances,ressources humaines,conseils juridiques,communication,comptabilité et fiscalité ;
- Toutes activités se rapportant à la conception,la réalisation,l’exploitation,la commercialisation,l’achat,la location et la vente de toutes les formes de publicité généralement quelconques,et ce sur tous supports matériels,audio-visuels,informatiques,et autres généralement quelconque ;
- La création,la réalisation,l’exposition,l’achat et la vente d’œuvres de catégorie « arts plastiques »,tels que dessins,peintures,gravures,imprimerie,tableaux,photographies,fresques,sculptures et moulages. Cette activité inclus également les autres formes d’expressions artistiques,telles que musique,enregistrement sonore,audio-visuel,vidéos,graphisme,typographie,design et webdesign graphique (logos pour tiers,etc.) ;
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0774.394.253
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21007A0097/00B006 | Brussels | 127 m² | 1 · 76 m² | 18.9 m · 5 |