Equity
€7,400 from €53,379 in 2023
Equity fell by 86% in 2 years.
FLECO
Lifetime
5 annual accounts with figures on one time axispeak €80,856 (2025)
€80,856
lowest -€23,537 (2025)
-€23,537
peak €53,379 (2023)
€7,400
€68,127
Board1 name since 2020
1 directorLECOQ Frédéric Alain Ghislain
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Loss of €23,537No figures for the year before
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The micro format states no turnover.
Debts
€68,127 90% of the balance sheet
Financial debts 19%Suppliers 12%Taxes and wages 31%Other 38%
Of this, €55,393 falls due within a year.
Filings
5 annual accounts since 2020
The last five annual accounts were filed 0 to 33 days before the end of the period.
Starting capital
€3,000 300 shares
Position in the sector
-€23,537
Lower net result than 93% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.
Checked score
81
Excellent
Financially stronger than 10% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 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 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.2 percentage points vs 08-2025
10-2025: 1.3%▲ +0.6 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.5%▲ +0.2 percentage points vs 11-2025
01-2026: 2.1%▲ +0.6 percentage points vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 1.9%▼ -0.2 percentage points vs 03-2026
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 2.4%▲ +0.5 percentage points vs 06-2026highest value
08-2026: 0.3%▼ -2.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €23,537 (financial year 2025)
Equity €7,400 (9.8% of total assets)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €75,527
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 17% of them on solvency, 10% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 08-11-2026 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, 646 companies had the same profile as FLECO has now. Each dot stands for 2 companies, two years later.
86.1%
were still trading
5.7%
stopped another way
7.3%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLECO itself is lower: 0.3% within 12 months. It rests on far more data about FLECO than the profile alone.
Test of the method
The method was tested on the 497,447 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 646 companies, not a prediction for FLECO. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (2.78 in 2023), below the usual 1.5. Short-term debt is 73.3% and cash 10.1% of total assets. 90.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 39360 sector peers (2025).
NBB · sector comparisonPosition among 39360 sector peers
Solvency
better than 16%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2023
33 days early
2022
10 days early
2021
on the day
2020
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 9 days before the deadline. In the sector (NACE 70), the median for financial year 2023 was 7 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · 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 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- LECOQ Frédéric Alain Ghislain 300 sharesdeed of 31-12-2020
Shares in 3 companies, including AMENAGEMENTS - TERRASSEMENTS - CONTAINERS - SOUDURES and FLO HOME
Board & ownershipRecent changes
Purpose change · Amendment of the articles
“Toute activité qui couvre le secteur de la consultance au sens large, et notamment toute contribution à…” (deed in French) · General meeting of 11-04-2023 · Gazette deed
Incorporation
Founding capital of €3,000, 300 shares · Founder: LECOQ Frédéric Alain Ghislain · Appointment: LECOQ Frédéric Alain Ghislain (director) · published on 31-12-2020 · Gazette deed
First establishment
Clos Marquet 25, Aywaille
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLECO Aywaille | €75,527 | €80,856 | 9.8% | - |
| PHILIPPE NIESTEN CONSULTING Chaudfontaine | €73,668 | €84,656 | -10.5% | - |
| Burcu TOKALAK Herstal | €81,154 | €75,766 | 74.3% | - |
| GF DIRECTION Lontzen | €75,771 | €77,903 | 5.4% | - |
| Parrado Consulting Aubel | €82,722 | €75,523 | 95.7% | - |
| GEMINE Neupré | €87,278 | €72,719 | 3.4% | - |
| Virginie ROGISTER Management Wanze | €74,539 | €75,920 | 3.4% | - |
These companies have the same main activity as FLECO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €73,700 and €87,300, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 29-12-2020Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.311.890.1794920 Aywaille, since 29-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €75,527
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Companies linked to FLECO
Subsidiaries and holdings
- VF POOL10%
Insights on FLECO
FLECO files the micro format. That format states no turnover. The gross margin rose from -€1,958 in 2020 to €80,856 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLECO
- What is the company number of FLECO?
- The company number of FLECO is 0760.652.323. The VAT number is the same number with BE in front: BE 0760.652.323.
- Where is FLECO based?
- The registered office is at Clos Marquet 25, 4920 Aywaille.Company details
- What does FLECO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FLECO?
- FLECO is a private limited company (BV).
- When was FLECO founded?
- FLECO was founded on 29-12-2020.
- Is FLECO still active?
- Yes, FLECO is an active enterprise in the KBO register.
- What is the turnover of FLECO?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €80,856 and 120 comparable companies (NACE 70200). It probably lies between €120,000 and €210,000.Financials
- Is FLECO profitable?
- In financial year 2025, FLECO made a loss of €23,537.
- Where can I find the annual accounts of FLECO?
- FLECO filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLECO due?
- FLECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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