FLGO
ActiveSummary
FLGO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €419k and a net result of €128k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-2
Solvency63▼-34
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.55 against 1.15 in 2024; short-term debt: 41.1% and cash: 9.3% of total assets), and 61.8% of the assets are financed with debt.
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
38.2%
Return on assets
11.7%
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 26-03-2026, 127 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
127 d early
2024
146 d early
2023
142 d early
2022
133 d early
2021
110 d early
2020
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€128k▲ 6.4%
2024 · €120k
2020: €150khighest in 6 years
2021: €100k▼ -33.4% vs 2020lowest in 6 years
2022: €106k▲ +6.5% vs 2021
2023: €149k▲ +40.9% vs 2022
2024: €120k▼ -19.3% vs 2023
2025: €128k▲ +6.4% vs 2024
2020 → 2025
Working capital
€-203k
2024 · €14k
2020: €-147k
2021: €-109k▲ +25.8% vs 2020
2022: €-70k▲ +35.9% vs 2021
2023: €-26k▲ +63.3% vs 2022
2024: €14k▲ +154% vs 2023highest in 6 years
2025: €-203k▼ -1570% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€269k-€375k▲ 39.4%€524k▲ 39.8%€645k▲ 23.0%€419k▼ 35.0%
2021: €269klowest in 5 years
2022: €375k▲ +39.4% vs 2021
2023: €524k▲ +39.8% vs 2022
2024: €645k▲ +23.0% vs 2023highest in 5 years
2025: €419k▼ -35.0% vs 2024
Operating result€99k-€94k▼ 4.4%€99k▲ 4.3%€87k▼ 11.7%€69k▼ 20.9%
2021: €99khighest in 5 years
2022: €94k▼ -4.4% vs 2021
2023: €99k▲ +4.3% vs 2022
2024: €87k▼ -11.7% vs 2023
2025: €69k▼ -20.9% vs 2024lowest in 5 years
Net result€100k-€106k▲ 6.5%€149k▲ 40.9%€120k▼ 19.3%€128k▲ 6.4%
2021: €100klowest in 5 years
2022: €106k▲ +6.5% vs 2021
2023: €149k▲ +40.9% vs 2022highest in 5 years
2024: €120k▼ -19.3% vs 2023
2025: €128k▲ +6.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€849k ▲ 6.9%
Current assets
€248k ▲ 132%
Equity and liabilities €1.10M
Equity
€419k ▼ 35.0%
Debt
€678k ▲ 165%
Debt's share of the balance-sheet total rises from 28.4% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84k▼
2024 · €96k
Cash flow
€143k▲
2024 · €129k
Current ratio
0.55▼
2024 · 1.15
Debt to equity
1.62▲
2024 · 0.40
ROE
30.6%▲
2024 · 18.7%
ROA
11.7%▼
2024 · 13.4%
Interest coverage
9.53▲
2024 · 6.43
Debt ≤ 1 year
€451k▲
2024 · €93k
Debt > 1 year
€224k▲
2024 · €160k
Income taxes
€34k▲
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€901k€1.10M▲
Fixed assets21/28€794k€849k▲
Tangible fixed assets22/27€24k€79k▲
Furniture and vehicles24€11k€64k▲
Other tangible fixed assets26€13k€15k▲
Financial fixed assets28€770k€770k=
Current assets29/58€107k€248k▲
Amounts receivable within one year40/41-€144k
Other amounts receivable41-€144k
Cash at bank and in hand54/58€105k€102k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€901k€1.10M▲
Equity10/15€645k€419k▼
Contributions10/11€20k€20k=
Reserves13€624k€398k▼
Distributable reserves133€624k€398k▼
Profit (loss) carried forward14€1k€1k▲
Amounts payable17/49€256k€678k▲
Amounts payable after more than one year17€160k€224k▲
Financial debts170/4€60k€224k▲
Other amounts payable178/9€100k-
Amounts payable within one year42/48€93k€451k▲
Current portion of amounts payable after more than one year42€25k€66k▲
Financial debts43€7k€10k▲
Credit institutions430/8€7k€10k▲
Trade debts44€330€3k▲
Suppliers440/4€330€3k▲
Taxes, remuneration and social security45€27k€10k▼
Taxes450/3€27k€10k▼
Other amounts payable47/48€33k€362k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€15k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€97k€85k▼
Operating profit (loss)9901€87k€69k▼
Financial income75/76B€80k€102k▲
Recurring financial income75€80k€102k▲
Financial charges65/66B€15k€9k▼
Recurring financial charges65€15k€9k▼
Profit (loss) for the period before taxes9903€152k€162k▲
Income taxes67/77€32k€34k▲
Profit (loss) for the period9904€120k€128k▲
Profit (loss) for the period to be appropriated9905€120k€128k▲
Appropriation of the result
Profit (loss) to be appropriated9906€122k€129k▲
Profit (loss) brought forward from the previous period14P€1k€1k▲
Transfer from equity791/2-€354k
Transfer to equity691/2€120k€128k▲
To other reserves6921€120k€128k▲
Profit to be distributed694/7-€354k
Return on contributions (dividend)694-€354k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €9k | €6k | €9k | €15k | ▲ 71.9% |
| Other operating charges640/8 | €726 | €1k | €2k | €1k | €2k | ▲ 16.9% |
| Non-recurring operating charges66A | - | - | €5k | - | - | - |
| Gross operating margin9900 | €103k | €104k | €112k | €97k | €85k | ▼ 12.1% |
| Operating profit (loss)9901 | €99k | €94k | €99k | €87k | €69k | ▼ 20.9% |
| Financial income75/76B | €50k | €58k | €100k | €80k | €102k | ▲ 27.3% |
| Recurring financial income75 | €50k | €58k | €100k | €80k | €102k | ▲ 27.3% |
| Financial charges65/66B | €11k | €15k | €17k | €15k | €9k | ▼ 41.0% |
| Recurring financial charges65 | €11k | €15k | €17k | €15k | €9k | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | €137k | €138k | €182k | €152k | €162k | ▲ 6.4% |
| Income taxes67/77 | €38k | €32k | €33k | €32k | €34k | ▲ 6.4% |
| Profit (loss) for the period9904 | €100k | €106k | €149k | €120k | €128k | ▲ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €100k | €106k | €149k | €120k | €128k | ▲ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €876k | €892k | €896k | €901k | €1.10M | ▲ 21.8% |
| Fixed assets21/28 | €785k | €803k | €788k | €794k | €849k | ▲ 6.9% |
| Tangible fixed assets22/27 | €15k | €33k | €18k | €24k | €79k | ▲ 228% |
| Furniture and vehicles24 | €11k | €17k | €3k | €11k | €64k | ▲ 496% |
| Other tangible fixed assets26 | €5k | €16k | €15k | €13k | €15k | ▲ 14.0% |
| Financial fixed assets28 | €770k | €770k | €770k | €770k | €770k | = |
| Current assets29/58 | €91k | €89k | €108k | €107k | €248k | ▲ 132% |
| Amounts receivable within one year40/41 | €18k | €5k | €8k | - | €144k | - |
| Trade receivables40 | €18k | €27 | €5k | - | - | - |
| Other amounts receivable41 | €211 | €5k | €3k | - | €144k | - |
| Cash at bank and in hand54/58 | €72k | €82k | €93k | €105k | €102k | ▼ 3.1% |
| Deferred charges and accrued income490/1 | €816 | €2k | €7k | €2k | €2k | ▲ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €876k | €892k | €896k | €901k | €1.10M | ▲ 21.8% |
| Equity10/15 | €269k | €375k | €524k | €645k | €419k | ▼ 35.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €249k | €354k | €503k | €624k | €398k | ▼ 36.2% |
| Distributable reserves133 | €249k | €354k | €503k | €624k | €398k | ▼ 36.2% |
| Profit (loss) carried forward14 | €578 | €1k | €1k | €1k | €1k | ▲ 7.1% |
| Amounts payable17/49 | €607k | €517k | €372k | €256k | €678k | ▲ 165% |
| Amounts payable after more than one year17 | €405k | €355k | €235k | €160k | €224k | ▲ 39.8% |
| Financial debts170/4 | €194k | €144k | €85k | €60k | €224k | ▲ 273% |
| Other amounts payable178/9 | €212k | €212k | €150k | €100k | - | - |
| Amounts payable within one year42/48 | €200k | €159k | €134k | €93k | €451k | ▲ 386% |
| Current portion of amounts payable after more than one year42 | €55k | €58k | €59k | €25k | €66k | ▲ 163% |
| Financial debts43 | - | - | - | €7k | €10k | ▲ 47.8% |
| Credit institutions430/8 | - | - | - | €7k | €10k | ▲ 47.8% |
| Trade debts44 | - | - | €2k | €330 | €3k | ▲ 681% |
| Suppliers440/4 | - | - | €2k | €330 | €3k | ▲ 681% |
| Taxes, remuneration and social security45 | €44k | €44k | €28k | €27k | €10k | ▼ 61.9% |
| Taxes450/3 | €44k | €44k | €28k | €27k | €10k | ▼ 61.9% |
| Other amounts payable47/48 | €101k | €57k | €45k | €33k | €362k | ▲ 991% |
| Accrued charges and deferred income492/3 | €3k | €3k | €3k | €3k | €3k | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100k | €106k | €149k | €120k | €128k | ▲ 6.4% |
| + Depreciation and write-downs630 | €3k | €9k | €6k | €9k | €15k | ▲ 71.9% |
| Operating cash flow (approximation) | €103k | €114k | €156k | €129k | €143k | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | €-26k | €8k | €-15k | €-70k | ▼ 378% |
| Change in cash | - | €11k | €11k | €11k | €-3k | ▼ 128% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €524k ▲39.8%
4 profitable years in a row build equity to €524k.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €100k ▼33.4%
Net result drops to €100k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €269k ▲58.7%
2 profitable years in a row build equity to €269k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2019
Ground area
2,949 m²
Building footprint
175 m²
Volume, LiDAR
1,691 m³
Parcel 63036A0073/00Z002, Wallonia · tallest building 17.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FLGO
since 20192.296.014.348
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63036A0073/00Z002 | Wallonia | 2,948 m² | 1 · 175 m² | 17.7 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 2,260 companies in sector 69102 we hold annual accounts for 1,754. 1,336 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
Founded21-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69102Activities of notaries
Scores and ratios are computed by Checked and are not a credit decision.