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FLG IMMO

Active
Private limited companyfounded 20251 yr activeRue des Bayards 145-147, 4000 Liège, BelgiumKBO/BCE: BE 1019.618.567
Summary

The computed 12-month bankruptcy probability of FLG IMMO is 2.2% (moderate). The 2025 annual accounts show equity of €54,492 and a net result of -€20,508. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability32
Solvency33
Growth-
Track record67
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.04; short-term debt: 15% and cash: 0.4% of total assets), and 92.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
7.6%
Return on assets
-2.9%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
25 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 February 2025, FLG IMMO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€54,492
Total assets
€714,721
Net result
-€20,508
Working capital
-€103,567

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €712,162
Fixed assets €708,382
Current assets €3,780
Equity and liabilities €714,721
Equity €54,492
Debt €660,229
Debt finances 92.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€28,925
Cash flow
€14,307
Current ratio
0.04
Debt to equity
12.12
ROE
-37.6%
ROA
-2.9%
Interest coverage
1.98
Debt ≤ 1 year
€107,347
Debt > 1 year
€552,883

Peer companies

Historical observation

Of the 120 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 96% are still going.

  • Small
  • under 2 years old
  • solvency under 10%
  • a small loss
2.5% went bankrupt
1.7% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 120 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
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€714,721
Formation expenses20€2,559
Fixed assets21/28€708,382
Tangible fixed assets22/27€708,382
Land and buildings22€708,382
Current assets29/58€3,780
Cash at bank and in hand54/58€3,075
Deferred charges and accrued income490/1€705
Equity and liabilities
Total equity and liabilities10/49€714,721
Equity10/15€54,492
Contributions10/11€75,000
Profit (loss) carried forward14-€20,508
Amounts payable17/49€660,229
Amounts payable after more than one year17€552,883
Financial debts170/4€552,883
Amounts payable within one year42/48€107,347
Current portion of amounts payable after more than one year42€32,253
Trade debts44€994
Suppliers440/4€994
Other amounts payable47/48€74,100
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,815
Gross operating margin9900€28,925
Operating profit (loss)9901-€5,891
Financial charges65/66B€14,617
Recurring financial charges65€14,617
Profit (loss) for the period before taxes9903-€20,508
Profit (loss) for the period9904-€20,508
Profit (loss) for the period to be appropriated9905-€20,508
Appropriation of the result
Profit (loss) to be appropriated9906-€20,508

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,815
Gross operating margin9900€28,925
Operating profit (loss)9901-€5,891
Financial charges65/66B€14,617
Recurring financial charges65€14,617
Profit (loss) for the period before taxes9903-€20,508
Profit (loss) for the period9904-€20,508
Profit (loss) for the period to be appropriated9905-€20,508
Line2025
Assets
Total assets20/58€714,721
Formation expenses20€2,559
Fixed assets21/28€708,382
Tangible fixed assets22/27€708,382
Land and buildings22€708,382
Current assets29/58€3,780
Cash at bank and in hand54/58€3,075
Deferred charges and accrued income490/1€705
Equity and liabilities
Total equity and liabilities10/49€714,721
Equity10/15€54,492
Contributions10/11€75,000
Profit (loss) carried forward14-€20,508
Amounts payable17/49€660,229
Amounts payable after more than one year17€552,883
Financial debts170/4€552,883
Amounts payable within one year42/48€107,347
Current portion of amounts payable after more than one year42€32,253
Trade debts44€994
Suppliers440/4€994
Other amounts payable47/48€74,100
Line2025
Profit (loss) for the period9904-€20,508
+ Depreciation and write-downs630€34,815
Operating cash flow (approximation)€14,307

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Liège · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
92 m²
Building footprint
64 m²
Volume, LiDAR
847 m³
Parcel 62810B0304/00C004, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FLG IMMO
Rue des Bayards 145-147, 4000 LiègeBuying and selling of own real estate
since 20252.370.105.819
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62810B0304/00C004 Wallonia 91 m² 1 · 64 m² 14.6 m · 4 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded05-02-2025
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.