FLITS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €52,782, larger than the loss of €39,752 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| part-time | 0 | - |
| in full-time equivalents | 1 | - |
| On a permanent contract | 1 | - |
| Joined | 37 | 40 |
| Left | 36 | 41 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €101,271 | €212 |
| Intangible fixed assets | €30,000 | - |
| Financial fixed assets | €2,400 | €0 |
| Depreciation and write-downs of the year | €13,548 | €0 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €105,170 | €90,837 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,548 | €0 | ▼ 100% |
| Other operating charges640/8 | €6,647 | €2,025 | ▼ 69.5% |
| Non-recurring operating charges66A | - | €25,147 | - |
| Gross operating margin9900 | €85,614 | €65,228 | ▼ 23.8% |
| Operating profit (loss)9901 | -€39,752 | -€52,782 | ▼ 32.8% |
| Financial income75/76B | €6 | €10 | ▲ 63.9% |
| Recurring financial income75 | €6 | €10 | ▲ 63.9% |
| Financial charges65/66B | €4,438 | €2,366 | ▼ 46.7% |
| Recurring financial charges65 | €4,438 | €2,366 | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | -€44,184 | -€55,138 | ▼ 24.8% |
| Income taxes67/77 | €151 | €92 | ▼ 39.3% |
| Profit (loss) for the period9904 | -€44,335 | -€55,229 | ▼ 24.6% |
| Profit (loss) for the period to be appropriated9905 | -€44,335 | -€55,229 | ▼ 24.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €203,406 | €75,212 | ▼ 63.0% |
| Fixed assets21/28 | €121,335 | €2,400 | ▼ 98.0% |
| Intangible fixed assets21 | €24,690 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €94,245 | €0 | ▼ 100% |
| Land and buildings22 | €31,951 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €60,851 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,443 | €0 | ▼ 100% |
| Financial fixed assets28 | €2,400 | €2,400 | = |
| Current assets29/58 | €82,071 | €72,812 | ▼ 11.3% |
| Amounts receivable within one year40/41 | €64,623 | €30,952 | ▼ 52.1% |
| Trade receivables40 | €64,623 | €30,500 | ▼ 52.8% |
| Other amounts receivable41 | - | €452 | - |
| Cash at bank and in hand54/58 | €17,447 | €41,860 | ▲ 140% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €203,406 | €75,212 | ▼ 63.0% |
| Equity10/15 | -€44,035 | -€99,265 | ▼ 125% |
| Contributions10/11 | €300 | €300 | = |
| Profit (loss) carried forward14 | -€44,335 | -€99,565 | ▼ 125% |
| Amounts payable17/49 | €247,441 | €174,477 | ▼ 29.5% |
| Amounts payable after more than one year17 | €86,114 | €25,000 | ▼ 71.0% |
| Financial debts170/4 | €61,114 | €0 | ▼ 100% |
| Other amounts payable178/9 | €25,000 | €25,000 | = |
| Amounts payable within one year42/48 | €160,227 | €149,477 | ▼ 6.7% |
| Current portion of amounts payable after more than one year42 | €8,903 | €33,797 | ▲ 280% |
| Financial debts43 | €12,487 | €2,845 | ▼ 77.2% |
| Credit institutions430/8 | €12,487 | €2,845 | ▼ 77.2% |
| Trade debts44 | €42,389 | €58,645 | ▲ 38.3% |
| Suppliers440/4 | €42,389 | €58,645 | ▲ 38.3% |
| Advances received on contracts in progress46 | €78,426 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €12,596 | €19,125 | ▲ 51.8% |
| Taxes450/3 | €10,710 | €14,922 | ▲ 39.3% |
| Remuneration and social security454/9 | €1,886 | €4,203 | ▲ 123% |
| Other amounts payable47/48 | €5,426 | €35,064 | ▲ 546% |
| Accrued charges and deferred income492/3 | €1,100 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€44,335 | -€55,229 | ▼ 24.6% |
| + Depreciation and write-downs630 | €13,548 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€30,787 | -€55,229 | ▼ 79.4% |
| Investment in fixed assets (approximation) | - | €118,935 | - |
| Change in cash | - | €24,413 | - |
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, 7,639 companies had the same profile as FLITS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FLITS itself: 5.4% 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 7,639 companies, not a prediction for FLITS. 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.