Equity
€2.0m ▲ 2.3%
FLEMA has made a profit without a break since 2010.
FLEMA
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €708,091 (2022)
€429,102▲ 50.9%
lowest -€125,953 (2006)
€43,972▲ 12×
peak €2.0m (2025)
€2.0m▲ 2.3%
€167,937▲ 67.6%
peak 8.4 FTE (2020)
5 FTE▼ 10.7%
Board1 name since 2005
1 directorMEULDERS PIERRE MANAGEMENT
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Gross margin from €284,414 to €429,102Result from €3,806 to €43,972Staff from 5.6 FTE to 5 FTEDebts from €100,195 to €167,937
Key points
from the 2025 annual accountsTurnover
≈ €1.0m estimated
The accounts state no turnover.
Debts
€167,937 ▲ 67.6%
Debts rose by €67,742 in 2025.
Staff
5 FTE from 8.4 in 2020
Between 2020 and 2025, 40% of the full-time equivalents disappeared.
Filings
21 annual accounts since 2005
Five of the last ten came late. The 2019 accounts came latest: 68 days after the end of the period.
Position in the sector
92.1%
Higher solvency than 91% of companies in chemicals. Sector median 48.4% · 147 companies.
Checked score
96
Excellent
Financially stronger than 69% of micro companies in chemicals (NACE 20)
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: 0.5% across 356 companies (NACE 20, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.1 percentage points 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 06-2026lowest value
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 strengthStrong
Score breakdown
lowers risk
Founded in 2004
Equity €2.0m (92.1% of total assets)
Figures for financial year 2025 (filed on 29-06-2026)
Liquidity: current ratio 12.10, cash €224,317
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 20, micro). It does better than 90% of them on solvency, 68% on liquidity, 62% on profitability and 57% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 17,041 companies had the same profile as FLEMA has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLEMA itself: 0.1% within 12 months.
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 17,041 companies, not a prediction for FLEMA. 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 €180,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.1 (18.48 in 2024), above the usual 1.5. Short-term debt is 7.9% and cash 10.5% of total assets. 7.9% 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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
27 days late
2023
32 days early
2022
46 days early
2021
53 days early
2020
37 days early
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% 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 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0865121323
Change of role: MEULDERS PIERRE MANAGEMENT, from manager to director
Permanent representative: Pierre MEULDERS · Director discharge: MEULDERS PIERRE MANAGEMENT · General meeting of 22-12-2023 · Gazette deed
Incorporation
published on 17-05-2004 · Gazette deed
First establishment
Rue Outre 46, Frasnes-lez-Anvaing
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLEMA Frasnes-lez-Anvaing | €2.1m | €0.4m | 92.1% | 5 |
| PRIMROSE LABORATORIES Torhout | €1.9m | €0.4m | -74.8% | 5.2 |
| XEON INTERNATIONAL Uccle | €1.3m | €0.4m | 49.4% | 4.5 |
| SYNACO Ans | €1.2m | €0.4m | 33.6% | 6.8 |
| GIVAUDAN BELGIUM Brussels | €1.1m | €0.8m | 80.0% | 4.7 |
| SENTINALCO Tournai | €3.0m | €1.3m | 33.1% | 7.2 |
| MICROBELCAPS Liège | €0.8m | €0.4m | 69.5% | 4.4 |
These companies have the same main activity as FLEMA: manufacture of chemicals and chemical products (NACE 20590). They are comparable in size and age: total assets between €827,000 and €3m, founded between 1993 and 2010.
Official details
Source: KBO- Status
- Active since 05-05-2004Normal situation
- Activity
- Manufacture of chemicals and chemical productsNACE 20590and 2 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.137.854.1657910 Frasnes-lez-Anvaing, since 05-05-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €2.1m▲ 5.5%
- Employeeson 31-12-2025
- 6=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on FLEMA
FLEMA files the abbreviated format. That format states no turnover. The gross margin rose from €50,507 in 2006 to €429,102 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 FLEMA
- What is the company number of FLEMA?
- The company number of FLEMA is 0865.121.323. The VAT number is the same number with BE in front: BE 0865.121.323.
- Where is FLEMA based?
- The registered office is at Rue Outre 46, 7910 Frasnes-lez-Anvaing.Company details
- What does FLEMA do?
- According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20590).
- What is the legal form of FLEMA?
- FLEMA is a private limited company (BV).
- When was FLEMA founded?
- FLEMA was founded on 05-05-2004.
- Is FLEMA still active?
- Yes, FLEMA is an active enterprise in the KBO register.
- How many employees does FLEMA have?
- FLEMA had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FLEMA fall under?
- In its 2025 annual accounts, FLEMA states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of FLEMA?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €429,102 and 2,275 comparable companies of the same size. It probably lies between €610,000 and €1.7m. It is a rough estimate.
- Is FLEMA profitable?
- In financial year 2025, FLEMA made a profit of €43,972.
- Where can I find the annual accounts of FLEMA?
- FLEMA filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLEMA due?
- FLEMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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