FLINE
ActiveSummary
The annual accounts of FLINE for financial year 2025 show a net loss of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €239,087 and a net result of -€229,095. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 15% of 2,547 sector peers (NACE 71, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Staff
- 5.7 FTE
- Equity
- €239,087
- Loss
- -€229,095
- Largest shareholder
- ALAIN WIRTZ · 24%
- ALAIN WIRTZDirector
- PRODIXMADirector · permanent representative JACQUES dE DIXMUDE Maxence Rodolphe Geneviève Ghislain Michaël
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €229,095, the second in a row (financial year 2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed 19-06-2026)Founded in 2021Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 16% on solvency, 47% on liquidity, 19% on profitability and 28% on growth.
The bankruptcy probability was computed on 27-10-2026 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
This company filed its last 4 accounts on average 33 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than doubledcurrent ratio 1.62
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €103,635 in 2025 against €425,413 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result +53% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2024 Total assets +102% on 2023. Capital increase of €400,000 (Official Gazette 19-12-2024).
- 2023 Total assets +166% on 2022. Capital increase of €400,000 (Official Gazette 30-11-2023).
Peer companies
Historical observationOf the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92.5% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,301 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €72,050 | €300,741 | €380,283 | ▲ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,425 | €99,080 | €390,222 | €552,056 | ▲ 41.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €450 | - |
| Other operating charges640/8 | €695 | €1,300 | €2,888 | €2,882 | ▼ 0.2% |
| Non-recurring operating charges66A | - | - | €47,561 | - | - |
| Gross operating margin9900 | -€1,302 | -€233,547 | €315,999 | €832,035 | ▲ 163% |
| Operating profit (loss)9901 | -€50,422 | -€405,977 | -€425,413 | -€103,635 | ▲ 75.6% |
| Financial income75/76B | €12 | €1,643 | €54 | - | - |
| Recurring financial income75 | €12 | €9 | €54 | - | - |
| Non-recurring financial income76B | - | €1,634 | - | - | - |
| Financial charges65/66B | €133 | €5,568 | €65,886 | €125,238 | ▲ 90.1% |
| Recurring financial charges65 | €133 | €5,568 | €65,886 | €125,238 | ▲ 90.1% |
| Profit (loss) for the period before taxes9903 | -€50,542 | -€409,902 | -€491,246 | -€228,873 | ▲ 53.4% |
| Income taxes67/77 | - | - | €129 | €221 | ▲ 72.0% |
| Profit (loss) for the period9904 | -€50,542 | -€409,902 | -€491,374 | -€229,095 | ▲ 53.4% |
| Profit (loss) for the period to be appropriated9905 | -€50,542 | -€409,902 | -€491,374 | -€229,095 | ▲ 53.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.5m | €1.4m | €2.8m | €2.6m | ▼ 5.8% |
| Formation expenses20 | €0.002m | - | €0.002m | €218 | ▼ 88.0% |
| Fixed assets21/28 | €0.3m | €0.3m | €2.1m | €1.9m | ▼ 5.6% |
| Intangible fixed assets21 | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 3.5% |
| Tangible fixed assets22/27 | €0.004m | €0.06m | €1.8m | €1.7m | ▼ 6.9% |
| Plant, machinery and equipment23 | - | - | €0.003m | €0.006m | ▲ 142% |
| Furniture and vehicles24 | €0.004m | €0.06m | €0.09m | €0.08m | ▼ 16.6% |
| Leasing and similar rights25 | - | - | €0.4m | €0.3m | ▼ 24.8% |
| Other tangible fixed assets26 | - | - | €1.3m | €1.3m | ▼ 1.5% |
| Financial fixed assets28 | €0.002m | €0.003m | - | €0.001m | - |
| Current assets29/58 | €0.2m | €1.1m | €0.7m | €0.7m | ▼ 6.2% |
| Stocks and contracts in progress3 | - | €0.8m | €0.4m | €0.1m | ▼ 59.2% |
| Stocks30/36 | - | €0.8m | €0.4m | €0.1m | ▼ 59.2% |
| Amounts receivable within one year40/41 | €0.04m | €0.2m | €0.2m | €0.3m | ▲ 48.4% |
| Trade receivables40 | €0.03m | €0.04m | €0.08m | €0.1m | ▲ 35.2% |
| Other amounts receivable41 | €0.009m | €0.1m | €0.1m | €0.2m | ▲ 56.2% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 38.9% |
| Deferred charges and accrued income490/1 | €0.001m | €0.01m | €0.03m | €0.03m | ▼ 2.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.5m | €1.4m | €2.8m | €2.6m | ▼ 5.8% |
| Equity10/15 | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 10.8% |
| Contributions10/11 | €0.4m | €0.8m | €1.2m | €1.4m | ▲ 16.4% |
| Profit (loss) carried forward14 | -€0.05m | -€0.5m | -€1.0m | -€1.2m | ▼ 24.1% |
| Amounts payable17/49 | €0.2m | €1.0m | €2.5m | €2.4m | ▼ 5.3% |
| Amounts payable after more than one year17 | €0.1m | €0.6m | €1.4m | €1.8m | ▲ 32.8% |
| Financial debts170/4 | €0.1m | €0.6m | €1.4m | €1.8m | ▲ 32.8% |
| Amounts payable within one year42/48 | €0.05m | €0.5m | €1.2m | €0.4m | ▼ 62.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0.2m | €0.2m | ▲ 4.9% |
| Trade debts44 | €0.04m | €0.4m | €0.8m | €0.07m | ▼ 91.3% |
| Suppliers440/4 | €0.04m | €0.4m | €0.8m | €0.07m | ▼ 91.3% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.05m | €0.07m | ▲ 31.2% |
| Taxes450/3 | - | €0.01m | €105 | €0.01m | ▲ 109× |
| Remuneration and social security454/9 | - | €0.01m | €0.05m | €0.06m | ▲ 10.1% |
| Other amounts payable47/48 | €0.004m | €0.05m | €0.1m | €0.1m | ▼ 2.3% |
| Accrued charges and deferred income492/3 | €58 | €0.002m | - | €0.1m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | -€0.4m | -€0.5m | -€0.2m | ▲ 53.4% |
| + Depreciation and write-downs630 | €0.05m | €0.1m | €0.4m | €0.6m | ▲ 41.5% |
| Operating cash flow (approximation) | -€0.002m | -€0.3m | -€0.1m | €0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.07m | -€2.2m | -€0.4m | ▲ 80.0% |
| Change in cash | - | -€0.03m | €0.006m | €0.06m | ▲ 848% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00176442 |
| 31-12-2024 | full format | 01-07-2025 | 2025-00205446 |
| 31-12-2023 | full format | 22-07-2024 | 2024-00267351 |
| 31-12-2022 | full format | 09-06-2023 | 2023-00121056 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ALAIN WIRTZ |
|
| PRODIXMA |
|
| JACQUES dE DIXMUDE Maxence Rodolphe Geneviève Ghislain Michaël |
|
| WIRTZ Alain Jean François |
|
Owners and capital
Owners
2 ownersOwners 2
-
24%
- Sourceact 30-11-2023share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- ALAIN WIRTZ 500 shares · €100,000 in cash
- ARTEXIS 500 shares · €100,000 in cash
- CATADORES (BE 0515.975.068) 2,000 shares · €400,000 in cash
- JACQUES de DIXMUDE Adelin Jean Sophie Marie Ghislain Michaël 3,967,198 shares
- ROLAND Zachary 3,967,198 shares
- JACQUES de DIXMUDE Maxence Rodolphe Geneviève Ghislain Michaël 3,383,786 shares
- POUSSEUR Quentin 681,818 shares
- ALAIN WIRTZ (BE 0440.572.614) 1,636,364 shares
- CATADORES (BE 0515.975.068) 2,000 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-02-2025 Capital increase of €200,000 · to €1,420,000.07 · 1,000 new shares · in cash
- 19-12-2024 Capital increase of €400,000 · to €1,220,000.07 · 2,000 new shares · in cash
- 30-11-2023 Capital increase of €400,000 · to €820,000.07 · 2,000 new shares
- 30-11-2023 Capital increase · to €820,000.07 · 2,000 new shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
FLINE was incorporated on 1 November 2021 as a private limited company.1 Between 2023 and 2025 the capital was increased 3 times, most recently to €1.4m.234 The registered office was moved to Wavre avenue Edison n in 2024.5 Total assets rose from €522,263 in 2022 to €2.6m in 2025 and headcount from 1.5 full-time equivalents in 2023 to 5.7 in 2025.6
Acts, filings and financial milestones
13-02
Gazette deed
Amendment of the articles · MiscellaneousCapital increase · Capital contribution · Power of attorney12 facts ▸
- General meeting, “A.G extraordinaire de la SRL «FLINE»” (deed in French)
- Other provision, “renonciation à l’établissement des rapports prévus, article 5:121 du Code des Sociétés et Associations” (deed in French)
- Capital increase, €200,000
- Other provision, “renonciation irrévocable au droit de préférence pour apports nouveaux en numéraire objet de la première résolution, actionnaires actuels,présents ou représentés” (deed in French)
- Other provision, “renonciation expresse et définitive au respect du délai de quinze jours, actionnaires actuels,présents et/ou représentés” (deed in French)
- Capital contribution, €100,000 (2 times)
- Other provision, “actions souscrites non libérées au moment de l’apport en application de l’article 6 des statuts, souscripteurs et tous les membres de l’assemblée” (deed in French)
- Other provision, “engagement de libérer l’apport conformément aux instructions de l’organe d’administration selon modalités article 6, souscripteurs” (deed in French)
- Other provision, “dispense du délai de 6 mois maximum pour libération de l’apport prévu article 6, article 6 des statuts” (deed in French)
- Other provision, “attention attirée sur articles 6 et 24 et conséquences notamment en cas de défaut de libération des apports, tous les membres de l’assemblée,en particulier sous…” (deed in French)
- Amendment of the articles, 5
- Power of attorney
19-12
Gazette deed
Capital & sharesCapital increase · Share issue · Bank account12 facts ▸
- General meeting, 31-10-2024
- Other provision, “renonciation aux rapports, 5:121 du Code des Sociétés et Associations” (deed in French)
- Capital increase, €400,000
- Other provision, “apports nouveaux en numéraire objet de la première résolution, renonciation au droit de préférence” (deed in French)
- Other provision, “renonciation au délai de quinze jours, actionnaires actuels,présents et/ou représentés” (deed in French)
- Share issue, 1000, EUR (2 times)
- Bank account, “BNP”, 400000 (deed in French)
- Other provision, “constatation”, EUR (deed in French)
- Amendment of the articles, 5
- Power of attorney
- Power of attorney, Antoine DEBOUCHE
- Other provision, “représentation à l'intervention, représentant valable” (deed in French) (2 times)
21-03
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 12-02-2024
- Registered-office move, 1300 Wavre avenue Edison n°5
30-11
Gazette deed
Capital & shares · Amendment of the articles · MiscellaneousIncorporation · Shareholding · Director in office38 facts ▸
- General meeting, 25-11-2023
- Incorporation, 28-10-2021
- Other provision, “BW, assujettissement TVA et inscription RPM” (deed in French)
- Shareholding, 3967198 (2 times)
- Director in office, JACQUES de DIXMUDE Adelin Jean Sophie Marie Ghislain Michaël (statutory director)
- Director in office, ROLAND Zachary (statutory director)
- Shareholding, 3383786
- Shareholding, 681818
- Shareholding, 1636364
- Director in office, WIRTZ Alain Jean François (administrateur délégué ayant pouvoir d’agir seul)
- Capital
- Other provision, “sous seing privé, représentation du comparant sub 1 à l’assemblée” (deed in French)
- +26 further facts in this act
27-12
Gazette deed
Resignations: JACQUES dE DIXMUDE Maxence Rodolphe Geneviève Ghislain Michaël (statutory director) and WIRTZ Alain Jean François (administrateur non statutaire)Appointments: PRODIXMA (statutory director) and ALAIN WIRTZ (director) · Permanent representatives: JACQUES dE DIXMUDE Maxence Rodolphe Geneviève Ghislain Michaël and WIRTZ Alain Jean François · Shareholding26 facts ▸
- General meeting, 20-12-2022
- Other provision, “BE0776711167, assujettissement TVA et registre” (deed in French)
- Shareholding, 4080000 (2 times)
- Director in office, JACQUES de DIXMUDE Adelin Jean Sophie Marie Ghislain Michaël (statutory director)
- Director in office, ROLAND Zachary (statutory director)
- Shareholding, 3480000
- Director in office, JACQUES dE DIXMUDE Maxence Rodolphe Geneviève Ghislain Michaël (statutory director)
- Shareholding, 360000
- Shareholding, 1636364
- Capital
- Director in office, WIRTZ Alain Jean François (managing director)
- Power of attorney, ROLAND Zachary
- +14 further facts in this act
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25112C0029/00G000 | Wallonia | 1,264 m² | 1 · 1,078 m² | 7.0 m · 2 |
How the parcels are linked
Articles of association
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Chaque administrateur signe les engagements contractés au nom de la société de sa signature personnelle, précédée des mots « Pour FLINE…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, un ou plusieurs administrateurs,personnes physiques ou morales,Actionnaires ou non” (deed in French)“Représentant permanent de personne morale administrateur, 10” (deed in French)“Fixation nombre,durée,rémunération,pouvoirs, 10” (deed in French)“10, révocables ad nutum ou délai précisé par assemblée,indemnité éventuelle” (deed in French)