FLERAQUA
ActiveSummary
FLERAQUA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,273 and a net result of €29,455. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 2074 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+22
Solvency31▲+3
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.43 in 2024; short-term debt: 4.5% and cash: 2.6% of total assets), and 93.6% 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
6.4%
Return on assets
3.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2074 sector peers (2025).
NBB · sector comparisonPosition among 2074 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
18 d early
2023
42 d early
2022
4 d early
2021
5 d early
2020
5 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€173,242▲ 79.1%
2020 · €96,708
EBIT margin
21.4%▲ 27.8pp
2020 · -6.4%
Net result
€29,455
2024 · -€44,949
Working capital
-€14,590▲ 39.0%
2024 · -€23,934
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€173,242▲ 79.1%
Operating result€37,087€32,001▼ 13.7%€17,404▼ 45.6%-€10,782€67,385
Net result€30,721above the sector's middle half€24,304above the sector's middle half▼ 20.9%€12,065within the sector's middle half▼ 50.4%-€44,949below the sector's middle half€29,455above the sector's middle half
EBIT margin21.4%▲ 27.8pp
Equity€39,399within the sector's middle half▲ 354%€63,703within the sector's middle half▲ 61.7%€75,768within the sector's middle half▲ 18.9%€30,819within the sector's middle half▼ 59.3%€60,273within the sector's middle half▲ 95.6%
Total assets€59,203within the sector's middle half▲ 100%€96,468within the sector's middle half▲ 62.9%€93,803within the sector's middle half▼ 2.8%€938,735above the sector's middle half▲ 901%€944,591above the sector's middle half▲ 0.6%
Debt€19,805▼ 5.1%€32,764▲ 65.4%€18,035▼ 45.0%€907,917▲ 4,934%€884,318▼ 2.6%
Working capital€36,037within the sector's middle half▲ 731%€66,786within the sector's middle half▲ 85.3%€72,258within the sector's middle half▲ 8.2%-€23,934below the sector's middle half-€14,590below the sector's middle half▲ 39.0%
Solvency66.5%within the sector's middle half▲ 37.2pp66.0%within the sector's middle half▼ 0.5pp80.8%above the sector's middle half▲ 14.7pp3.3%below the sector's middle half▼ 77.5pp6.4%below the sector's middle half▲ 3.1pp
Current ratio3.77within the sector's middle half▲ 2.203.72above the sector's middle half▼ 0.055.87above the sector's middle half▲ 2.150.43below the sector's middle half▼ 5.440.66below the sector's middle half▲ 0.23
Return on assets (ROA)51.9%above the sector's middle half▲ 73.2pp25.2%above the sector's middle half▼ 26.7pp12.9%within the sector's middle half▼ 12.3pp-4.8%below the sector's middle half▼ 17.7pp3.1%within the sector's middle half▲ 7.9pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €67,385 after a loss of €10,782 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €944,591
Fixed assets
€916,884 ▼ 0.4%
Current assets
€27,707 ▲ 54.0%
Equity and liabilities €944,591
Equity
€60,273 ▲ 95.6%
Debt
€884,318 ▼ 2.6%
Debt's share of the balance-sheet total falls from 96.7% to 93.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,325▲
2024 · €39,523
Cash flow
€58,394▲
2024 · €5,356
Debt to equity
14.67▼
2024 · 29.46
ROE
48.9%▲
2024 · -145.9%
Interest coverage
2.56▲
2024 · 1.17
Debt ≤ 1 year
€42,297▲
2024 · €41,930
Debt > 1 year
€801,426▼
2024 · €836,136
Income taxes
€277▼
2024 · €292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,603 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €173,242 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,611 | €5,040 | €7,570 | €50,305 | €28,940 | ▼ 42.5% |
| Other operating charges640/8 | - | €1,096 | €934 | €2,763 | €4,691 | ▲ 69.8% |
| Gross operating margin9900 | €45,427 | €38,137 | €25,908 | €42,286 | €101,016 | ▲ 139% |
| Operating profit (loss)9901 | €37,087 | €32,001 | €17,404 | -€10,782 | €67,385 | ▲ 725% |
| Financial income75/76B | - | - | €4 | €9 | €25 | ▲ 186% |
| Recurring financial income75 | €7 | - | €4 | €9 | €25 | ▲ 186% |
| Financial charges65/66B | - | €47 | €119 | €33,884 | €37,678 | ▲ 11.2% |
| Recurring financial charges65 | €26 | €47 | €119 | €33,884 | €37,678 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €37,068 | €31,954 | €17,289 | -€44,657 | €29,732 | ▲ 167% |
| Income taxes67/77 | €6,347 | €7,650 | €5,224 | €292 | €277 | ▼ 5.0% |
| Profit (loss) for the period9904 | €30,721 | €24,304 | €12,065 | -€44,949 | €29,455 | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €30,721 | €24,304 | €12,065 | -€44,949 | €29,455 | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,203 | €96,468 | €93,803 | €938,735 | €944,591 | ▲ 0.6% |
| Fixed assets21/28 | €10,146 | €5,106 | €6,714 | €920,739 | €916,884 | ▼ 0.4% |
| Tangible fixed assets22/27 | €10,146 | €5,106 | €6,714 | €920,739 | €916,884 | ▼ 0.4% |
| Land and buildings22 | - | - | - | €914,809 | €902,124 | ▼ 1.4% |
| Plant, machinery and equipment23 | - | - | €5,251 | €5,172 | €13,521 | ▲ 161% |
| Furniture and vehicles24 | - | €5,106 | €1,462 | €758 | €1,239 | ▲ 63.5% |
| Current assets29/58 | €49,058 | €91,362 | €87,089 | €17,996 | €27,707 | ▲ 54.0% |
| Amounts receivable within one year40/41 | - | - | €45,460 | €538 | €3,367 | ▲ 526% |
| Trade receivables40 | - | - | €41,527 | €538 | €127 | ▼ 76.5% |
| Other amounts receivable41 | - | - | €3,933 | €0 | €3,241 | - |
| Cash at bank and in hand54/58 | €47,538 | €91,362 | €41,630 | €12,020 | €24,113 | ▲ 101% |
| Deferred charges and accrued income490/1 | - | - | - | €5,438 | €227 | ▼ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,203 | €96,468 | €93,803 | €938,735 | €944,591 | ▲ 0.6% |
| Equity10/15 | €39,399 | €63,703 | €75,768 | €30,819 | €60,273 | ▲ 95.6% |
| Contributions10/11 | - | €100 | €100 | €100 | €100 | = |
| Outside capital11 | - | €100 | - | - | - | - |
| Share premium1100/10 | - | €100 | - | - | - | - |
| Profit (loss) carried forward14 | €39,299 | €63,603 | €75,668 | €30,719 | €60,173 | ▲ 95.9% |
| Amounts payable17/49 | €19,805 | €32,764 | €18,035 | €907,917 | €884,318 | ▼ 2.6% |
| Amounts payable after more than one year17 | - | - | - | €836,136 | €801,426 | ▼ 4.2% |
| Financial debts170/4 | - | - | - | €836,136 | €801,426 | ▼ 4.2% |
| Amounts payable within one year42/48 | €13,021 | €24,576 | €14,832 | €41,930 | €42,297 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,434 | €34,710 | ▲ 22.1% |
| Trade debts44 | €4,711 | €9,207 | €3,212 | €5,649 | €2,188 | ▼ 61.3% |
| Suppliers440/4 | - | €9,207 | €3,212 | €5,649 | €2,188 | ▼ 61.3% |
| Taxes, remuneration and social security45 | - | €15,228 | €11,620 | €7,847 | €5,399 | ▼ 31.2% |
| Taxes450/3 | - | €10,814 | €6,792 | €4,577 | €5,399 | ▲ 18.0% |
| Remuneration and social security454/9 | - | €4,414 | €4,828 | €3,270 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €141 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €8,188 | €3,203 | €29,850 | €40,595 | ▲ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,721 | €24,304 | €12,065 | -€44,949 | €29,455 | ▲ 166% |
| + Depreciation and write-downs630 | €7,611 | €5,040 | €7,570 | €50,305 | €28,940 | ▼ 42.5% |
| Operating cash flow (approximation) | €38,332 | €29,344 | €19,635 | €5,356 | €58,394 | ▲ 990% |
| Investment in fixed assets (approximation) | - | €0 | -€9,178 | -€964,330 | -€25,085 | ▲ 97.4% |
| Change in cash | - | €43,824 | -€49,732 | -€29,610 | €12,093 | ▲ 141% |
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
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €29,455
Net result €29,455 after one loss-making year.
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€44,949
Net result drops to -€44,949, the lowest in the series; recovery starts the following year.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €30,721
Net result €30,721 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 3.77
Current ratio from 1.57 to 3.77.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mons · 1 establishment unit since 2017
Ground area
501 m²
Building footprint
141 m²
Volume, LiDAR
1,168 m³
Parcel 53038A0164/00V000, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Fleraqua
since 20172.267.761.812
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53038A0164/00V000 | Wallonia | 501 m² | 1 · 141 m² | 11.3 m · 3 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.
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Of 13,509 companies in sector 85510 we hold annual accounts for 722. 569 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
Founded11-09-2017
Fiscal year end30-06
Activities, NACEBEL 2025
85510Sports and recreation education
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
85599Other education
Contact
E-mail
contact@fleraqua.be
Phone
0491/730794Mons
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680879424
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.