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Flemish Games Association

Active
Non-profit associationfounded 2012active for 14 yearsMarksesteenweg(Kor) 58, 8500 Kortrijk, BelgiumKBO/BCE: BE 0846.969.950
Summary

Flemish Games Association has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,993 and a net result of €30,855. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 38,895 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
Size
€49,900turnover 2025
Equity
€41,993
Surplus
€30,855
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
16 members
Accounts 32 days early1 of 5 deeds read
Why 96lowers riskLegal form: non-profit associationLiquidity: current ratio 2.53, cash €59,885Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €41,993 (60.5% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 69% of its sector peers (NACE 70, micro)
Financial strength · tick = 2024
Strong
Solvency 86+12
equity 60.5% of total assets
Liquidity 82+17
short-term debt 39.5% · cash 86.3%
Profitability 100=
return on assets 44.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,371 companies, NACE 70, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 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: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged 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 09-2026
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.53, compared with 1.95 in 2024, above the usual 1.5; short-term debt: 39.5% and cash: 86.3% of total assets), and 39.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 55% on solvency, 73% on liquidity, 84% on profitability and 62% on growth.

The bankruptcy probability was computed on 17-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 2.53, cash €59,885
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Equity €41,993 (60.5% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
2122232425
2021 to 2025 · latest year €41,993
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 · 5 filings
Deviation from the deadline
2025
32 days early
2024
17 days late
2023
27 days early
2022
32 days early
2021
20 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 19 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% 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 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2021 to 2025net €30,855 ▲411%
  3. Permanent representatives: Mike Coeck, Jill Vanparys…Reappointments: CYBERNETIC WALRUS BV, ECHTGOED…

Key points

  • Board changedlatest change 24-12-2025 · 16 in office 3 joined · 2 left View
  • Flemish supportawarded from 2022 to 2025 €183,206 View
  • Turnover 20255 financial years filed €49,900 View

By topic

Financials

Financial year
2025
Turnover
€49,900
Profit
€30,855
Solvency
60.5%
Turnover▼ 14.4%
Net result
20212025
Go to Financials

Board & ownership

Board
16 members
  • Hangar KDirector
  • LUCA School of ArtsDirector
  • PREVIEWLABS INC.Director
  • Curious CatsDirector
  • Cybernetic WalrusDirector

and 11 other directors

Go to Board & ownership

Timeline

Events
9
Since
2022
Next accounts
by 31-07-2027
  1. 17-08-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 04-07-2024Annual accounts filed
Go to Timeline

Company details

Legal form
Non-profit association
Activity
Business and other management consultancyNACE 70200
Founded
29-06-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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