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FLIR Belgium

Active
Public limited companyfounded 2011active for 15 yearsVaartdijk 15, 2960 Brecht, Belgium19 active companies are registered at this addressKBO/BCE: BE 0839.490.359
Summary

FLIR Belgium has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of USD 593,564 and a net result of USD 5.8m. Its solvency ranks better than 40% of 1,185 sector peers (NACE 82, financial year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Other business support services
NACE 82990
10th largest company by total assets in Brecht, Administrative and support services sector1 site
Size
USD 13,709turnover 2024
Equity
USD 593,564
Profit
USD 5.8m
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Raymarine UK Limited · 100%
Accounts 78 days overdue2 of 23 deeds read
Why 56raises riskCapped at 59: a confirmed filing finding1 change of registered office in 24 monthsFigures for financial year 2024 (filed 25-09-2025)lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 1.43, cash €1.9m, halvedShow the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 54% of its sector peers (NACE 82, small)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 54-46
equity 29.5% of total assets
Liquidity 63+7
short-term debt 69.9% · cash 94.5%
Profitability 100+45
return on assets 285.6%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,116 companies, NACE 82, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.2%▼ -0.4 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026 10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
No euro credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.43, compared with 18.6 in 2023, below the usual 1.5; short-term debt: 69.9% and cash: 94.5% of total assets), and 70.5% of the assets are financed with debt and provisions.
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 82, small): better than 38% on solvency, 79% on liquidity, 97% on profitability and 2% on growth.

The bankruptcy probability was computed on 16-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
raises risk · Figures for financial year 2024 (filed 25-09-2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.43, cash €1.9m, halved
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
56 days late
2023
58 days late
2022
31 days late
2021
150 days late
2020
122 days late
2019
160 days late
← 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 96 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Resignation: Edwin Roks (director)Appointment: George Charles Bobb III…
  3. Appointment: Forvis Mazars Bedrijfsrevisoren BV (statutory…Gazette deed

Key points

  • Caution: Turnover fell in 2024from USD 147.0m to USD 13,709 ▼ 100.0% View
  • Positive: Among the best 5% on net resultsector median €31,504 · 1,190 companies €5.8m View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Controlled by Raymarine UK Limited 100% View
  • Positive: 6 profitable years in a rowprofit 2024: USD 5.8m 6 years View

By topic

Financials

Financial year
2024
Turnover
USD 13,709
Profit
USD 5.8m
Solvency
29.5%
Turnover▼ 100.0%
Net result
20192024
Go to Financials

Timeline

Events
18
Since
2013
  1. 27-09-2024Annual accounts filed
  2. 31-12-2023Liquidity more than 5 times
  3. 31-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
16-09-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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