FLITO
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 25 filings
Turnover
≈ €31,000
Estimated: probably between €14,000 and €50,000
Total assets
€486,956▼ 3.1%
2025 · €502,527
Net result
-€12,398▼ 2.1%
2025 · -€12,137
Working capital
-€383,151▲ 0.4%
2025 · -€384,623
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€14,428
▼ 2.2%
2026
20192026
Net result
-€12,398
▼ 2.1%
2026
20192026
Equity
€56,007
▼ 18.1%
2026
20192026
Total assets
€486,956
▼ 3.1%
2026
20192026
Debt
€383,790
▼ 0.3%
2026
20192026
Working capital
-€383,151
▲ 0.4%
2026
20192026
Solvency
11.5%
▼ 2.1pp
2026
20192026
Current ratio
0.00
=
2026
20192026
Return on assets (ROA)
-2.5%
▼ 0.1pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€18,553--€13,938▲ 24.9%-€16,757▼ 20.2%-€10,919▲ 34.8%-€12,774▼ 17.0%-€14,345▼ 12.3%-€14,118▲ 1.6%-€14,428▼ 2.2%
Net result-€17,408--€11,869▲ 31.8%-€14,378below the sector's middle half▼ 21.1%-€8,322below the sector's middle half▲ 42.1%-€10,447below the sector's middle half▼ 25.5%-€3,177within the sector's middle half▲ 69.6%-€12,137below the sector's middle half▼ 282%-€12,398▼ 2.1%
Equity€106,818-€94,950▼ 11.1%€80,571within the sector's middle half▼ 15.1%€72,250within the sector's middle half▼ 10.3%€61,803within the sector's middle half▼ 14.5%€80,542within the sector's middle half▲ 30.3%€68,405within the sector's middle half▼ 15.1%€56,007▼ 18.1%
Total assets€600,879-€584,602▼ 2.7%€568,503above the sector's middle half▼ 2.8%€552,183above the sector's middle half▼ 2.9%€534,799above the sector's middle half▼ 3.1%€518,638above the sector's middle half▼ 3.0%€502,527above the sector's middle half▼ 3.1%€486,956▼ 3.1%
Debt€398,974-€397,164▼ 0.5%€398,039▲ 0.2%€392,638▼ 1.4%€388,298▼ 1.1%€386,592▼ 0.4%€384,791▼ 0.5%€383,790▼ 0.3%
Working capital-€387,464--€388,770▼ 0.3%-€392,661below the sector's middle half▼ 1.0%-€387,260below the sector's middle half▲ 1.4%-€384,623below the sector's middle half-€383,151▲ 0.4%
Solvency17.8%-16.2%▼ 1.5pp14.2%within the sector's middle half▼ 2.1pp13.1%within the sector's middle half▼ 1.1pp11.6%within the sector's middle half▼ 1.5pp15.5%within the sector's middle half▲ 4.0pp13.6%within the sector's middle half▼ 1.9pp11.5%▼ 2.1pp
Current ratio0.00-0.00=0.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half0.00=
Return on assets (ROA)-2.9%--2.0%▲ 0.9pp-2.5%below the sector's middle half▼ 0.5pp-1.5%within the sector's middle half▲ 1.0pp-2.0%within the sector's middle half▼ 0.4pp-0.6%within the sector's middle half▲ 1.3pp-2.4%within the sector's middle half▼ 1.8pp-2.5%▼ 0.1pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a loss of €14,428, larger than the loss of €14,118 in 2025. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €486,956
Fixed assets
€486,317 ▼ 3.2%
Current assets
€639 ▲ 13×
Equity and liabilities €486,956
Equity
€56,007 ▼ 18.1%
Provisions
€47,159 ▼ 4.4%
Debt
€383,790 ▼ 0.3%
Debt's share of the balance-sheet total rises from 76.6% to 78.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,733▼
2025 · €2,043
Cash flow
€3,763▼
2025 · €4,024
Debt to equity
6.85▲
2025 · 5.63
ROE
-22.1%▼
2025 · -17.7%
Interest coverage
12.18▼
2025 · 14.40
Debt ≤ 1 year
€383,790▼
2025 · €384,673
Income taxes
€0▼
2025 · €50
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,391 | €16,320 | €16,320 | €16,320 | €16,161 | €16,161 | €16,161 | €16,161 | = |
| Other operating charges640/8 | - | - | - | €1,799 | €450 | €1,439 | €1,490 | €120 | ▼ 91.9% |
| Gross operating margin9900 | -€2,066 | €2,435 | €2,275 | €7,200 | €3,836 | €3,255 | €3,533 | €1,853 | ▼ 47.6% |
| Operating profit (loss)9901 | -€18,553 | -€13,938 | -€16,757 | -€10,919 | -€12,774 | -€14,345 | -€14,118 | -€14,428 | ▼ 2.2% |
| Financial income75/76B | - | - | - | - | €0 | €8,460 | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | €0 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | €8,460 | €0 | - | - |
| Financial charges65/66B | - | - | - | - | €270 | €110 | €142 | €142 | ▲ 0.3% |
| Recurring financial charges65 | €1,452 | €528 | €218 | - | €270 | €110 | €142 | €142 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€20,005 | -€14,466 | -€16,975 | -€10,919 | -€13,044 | -€5,995 | -€14,260 | -€14,570 | ▼ 2.2% |
| Transfer from deferred taxes780 | - | - | - | €2,597 | €2,597 | €2,817 | €2,173 | €2,173 | = |
| Income taxes67/77 | - | - | - | - | - | - | €50 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€17,408 | -€11,869 | -€14,378 | -€8,322 | -€10,447 | -€3,177 | -€12,137 | -€12,398 | ▼ 2.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,183 | €6,183 | €5,643 | €6,518 | €6,518 | = |
| Profit (loss) for the period to be appropriated9905 | -€11,225 | -€5,686 | -€8,195 | -€2,139 | -€4,264 | €2,466 | -€5,619 | -€5,880 | ▼ 4.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €600,879 | €584,602 | €568,503 | €552,183 | €534,799 | €518,638 | €502,527 | €486,956 | ▼ 3.1% |
| Fixed assets21/28 | €599,918 | €583,599 | €567,279 | €550,960 | €534,799 | €518,638 | €502,477 | €486,317 | ▼ 3.2% |
| Tangible fixed assets22/27 | €599,918 | €583,599 | €567,279 | €550,960 | €534,799 | €518,638 | €502,477 | €486,317 | ▼ 3.2% |
| Land and buildings22 | - | - | - | €549,220 | €533,494 | €517,768 | €502,043 | €486,317 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €1,740 | €1,305 | €870 | €435 | €0 | ▼ 100% |
| Current assets29/58 | €960 | €1,004 | €1,223 | €1,223 | - | - | €50 | €639 | ▲ 13× |
| Cash at bank and in hand54/58 | €399 | €1,004 | €1,223 | €1,223 | - | - | €50 | €639 | ▲ 13× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €600,879 | €584,602 | €568,503 | €552,183 | €534,799 | €518,638 | €502,527 | €486,956 | ▼ 3.1% |
| Equity10/15 | €106,818 | €94,950 | €80,571 | €72,250 | €61,803 | €80,542 | €68,405 | €56,007 | ▼ 18.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €183,522 | €177,340 | €171,157 | €164,975 | €158,792 | €175,065 | €168,548 | €162,030 | ▼ 3.9% |
| Tax-exempt reserves132 | - | - | - | €164,975 | €158,792 | €175,065 | €168,548 | €162,030 | ▼ 3.9% |
| Profit (loss) carried forward14 | -€95,304 | -€100,990 | -€109,186 | -€111,325 | -€115,589 | -€113,124 | -€118,743 | -€124,623 | ▼ 5.0% |
| Provisions and deferred taxes16 | €95,086 | €92,489 | €89,892 | €87,295 | €84,698 | €51,504 | €49,332 | €47,159 | ▼ 4.4% |
| Deferred taxes168 | - | - | - | €87,295 | €84,698 | €51,504 | €49,332 | €47,159 | ▼ 4.4% |
| Amounts payable17/49 | €398,974 | €397,164 | €398,039 | €392,638 | €388,298 | €386,592 | €384,791 | €383,790 | ▼ 0.3% |
| Amounts payable after more than one year17 | €10,550 | €7,390 | €4,155 | €4,155 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €4,155 | - | - | - | - | - |
| Amounts payable within one year42/48 | €388,424 | €389,773 | €393,884 | €388,484 | €388,298 | €386,592 | €384,673 | €383,790 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,236 | €4,155 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €464 | €264 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €464 | €264 | €0 | - | - |
| Trade debts44 | - | - | €97 | €1,799 | - | - | €50 | €1,101 | ▲ 22× |
| Suppliers440/4 | - | - | - | €1,799 | - | - | €50 | €1,101 | ▲ 22× |
| Other amounts payable47/48 | - | - | - | €383,449 | €383,679 | €386,328 | €384,623 | €382,689 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €118 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,408 | -€11,869 | -€14,378 | -€8,322 | -€10,447 | -€3,177 | -€12,137 | -€12,398 | ▼ 2.1% |
| + Depreciation and write-downs630 | €16,391 | €16,320 | €16,320 | €16,320 | €16,161 | €16,161 | €16,161 | €16,161 | = |
| Operating cash flow (approximation) | -€1,017 | €4,451 | €1,941 | €7,998 | €5,714 | €12,983 | €4,024 | €3,763 | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0 | €0 | €0 | €0 | - |
| Change in cash | - | €605 | €220 | €0 | - | - | - | €590 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as FLITO has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
96.4%
was still going
1.8%
stopped otherwise
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLITO itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 2,507 companies, not a prediction for FLITO. 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.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00595894 | |
| 31-03-2025 | micro format | 12-11-2025 | 2025-00565370 | |
| 31-03-2024 | micro format | 09-01-2025 | 2025-00004444 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00496278 | |
| 31-03-2022 | micro format | 02-11-2022 | 2022-20481011 | |
| 31-03-2021 | micro format | 08-11-2021 | 2021-76900002 | |
| 31-03-2020 | micro format | 01-12-2020 | 2020-73900182 | |
| 31-03-2019 | micro format | 28-10-2019 | 2019-72700004 | |
| 31-03-2018 | micro format | 21-12-2018 | 2018-75700039 | |
| 31-03-2017 | micro format | 19-10-2017 | 2017-67500395 |