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FLF-TECH

Active
Private limited companyfounded 2025active for 1 yearLeenstraat(HEU) 10, 9070 Destelbergen, BelgiumKBO/BCE: BE 1023.715.630

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420955.

Annual accounts 2025 filed on 18-08-2026 at the NBB

Turnover
≈ €1.7m
Estimated: probably between €1.0m and €2.9m
Total assets
€732,843
Net result
€580,317
Working capital
€16,829

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €732,843
Fixed assets €1,322
Current assets €731,521
Equity and liabilities €732,843
Equity €5,317
Debt €727,526
Debt's share of the balance-sheet total is 99.3%.
Key figures and ratios
2025 value
EBITDA
€585,193
Cash flow
€584,244
Current ratio
1.02
Quick ratio
0.68
ROA
79.2%
Interest coverage
over 100
Debt ≤ 1 year
€714,692
Income taxes
€938
Staff costs
€145,283
A ratio outside any meaningful range has been withheld (balance sheet total €732,843, equity €5,317).

Comparable companies

These companies have the same main activity as FLF-TECH: civil engineering (NACE 42219). They are comparable in size and age: total assets between €320,000 and €1.2m, founded between 2021 and 2024.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
FLF-TECH Destelbergen2025€0.7m€0.005m€0.7m-€0.6m2.42025
GEO-AARDWARMTE Lochristi2022€1.2m€0.2m€0.3m-€0.01m1.42025
Modus Industries Gent2022€0.7m€0.2m€0.6m-€0.05m5.62025
BST MONTEURS INDUSTRIAL Antwerpen2023€0.7m€0.3m€1.0m-€0.2m-2025
Lakwatec Oostkamp2024€0.3m€0.05m€0.1m-€0.04m-2025
FITTERS Hasselt2023€1.2m€0.2m€1.3m-€0.05m13.32025
LEVENT BLEU Zele2021€0.4m€0.1m€0.4m€0.5m€0.009m-2024

They were chosen from the 140 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 320 companies had the same profile as FLF-TECH has now. Two years later, 0.9% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
0.9% went bankrupt
2.5% stopped otherwise
96.6% was still going

The bankruptcy probability of FLF-TECH itself is higher: 2.7% within 12 months. It rests on far more data about FLF-TECH than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 320 companies, not a prediction for FLF-TECH. 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.

Subsidies and aid

Flemish government

2025 · 1 entry · €152 awarded · €67 paid
Schemes
1 entry · €152 · €67 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 44 lines

Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.

Balance sheet Code2025
Assets
Total assets20/58€732,843
Fixed assets21/28€1,322
Tangible fixed assets22/27€1,322
Furniture and vehicles24€1,322
Current assets29/58€731,521
Stocks and contracts in progress3€244,653
Contracts in progress37€244,653
Amounts receivable within one year40/41€435,743
Trade receivables40€396,830
Other amounts receivable41€38,913
Cash at bank and in hand54/58€44,699
Deferred charges and accrued income490/1€6,426
Equity and liabilities
Total equity and liabilities10/49€732,843
Equity10/15€5,317
Contributions10/11€5,000
Reserves13€317
Distributable reserves133€317
Profit (loss) carried forward14€0
Amounts payable17/49€727,526
Amounts payable within one year42/48€714,692
Trade debts44€131,666
Suppliers440/4€131,666
Taxes, remuneration and social security45€1,173
Taxes450/3€1,173
Other amounts payable47/48€581,853
Accrued charges and deferred income492/3€12,834
Income statement Code2025
Remuneration, social security and pensions62€145,283
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,927
Other operating charges640/8€471
Non-recurring operating charges66A€1,287
Gross operating margin9900€732,233
Operating profit (loss)9901€581,265
Financial charges65/66B€10
Recurring financial charges65€10
Profit (loss) for the period before taxes9903€581,255
Income taxes67/77€938
Profit (loss) for the period9904€580,317
Profit (loss) for the period to be appropriated9905€580,317
Appropriation of the result
Profit (loss) to be appropriated9906€580,317
Transfer to equity691/2€317
To other reserves6921€317
Profit to be distributed694/7€580,000
Directors or managers695€580,000
Social balance sheet
Average headcount (FTE)90872.4

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Remuneration, social security and pensions62€145,283
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,927
Other operating charges640/8€471
Non-recurring operating charges66A€1,287
Gross operating margin9900€732,233
Operating profit (loss)9901€581,265
Financial charges65/66B€10
Recurring financial charges65€10
Profit (loss) for the period before taxes9903€581,255
Income taxes67/77€938
Profit (loss) for the period9904€580,317
Profit (loss) for the period to be appropriated9905€580,317
Line2025
Assets
Total assets20/58€732,843
Fixed assets21/28€1,322
Tangible fixed assets22/27€1,322
Furniture and vehicles24€1,322
Current assets29/58€731,521
Stocks and contracts in progress3€244,653
Contracts in progress37€244,653
Amounts receivable within one year40/41€435,743
Trade receivables40€396,830
Other amounts receivable41€38,913
Cash at bank and in hand54/58€44,699
Deferred charges and accrued income490/1€6,426
Equity and liabilities
Total equity and liabilities10/49€732,843
Equity10/15€5,317
Contributions10/11€5,000
Reserves13€317
Distributable reserves133€317
Profit (loss) carried forward14€0
Amounts payable17/49€727,526
Amounts payable within one year42/48€714,692
Trade debts44€131,666
Suppliers440/4€131,666
Taxes, remuneration and social security45€1,173
Taxes450/3€1,173
Other amounts payable47/48€581,853
Accrued charges and deferred income492/3€12,834
Line2025
Profit (loss) for the period9904€580,317
+ Depreciation and write-downs630€3,927
Operating cash flow (approximation)€584,244

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 18-08-2026 2026-00420955 NBB

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