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Complete company report
Generated 09-08-2026
Active BE 0745.443.911Private limited company

FLM SERVICES FORWARDING

· 6 yrs active
Conclusion Checked

The file of FLM SERVICES FORWARDING contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 6.9% (elevated). The 2021 annual accounts show equity of €6k and a net result of €-2k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €6k
Net result €-2k
Active 6 yrs
Publications 4
Snowflake analysis 5 axes · computed by Checked
Health45Profitability0Solvency78Growth58Stability85
53 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 45
Profitability 0
Solvency 78
Growth 58
Stability 85
Bankruptcy probability (12 mo) Checked model v1 · free
6.9% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +No NACE activity registered +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
20 / 100
Moderate risk
Components
· 2 historical bankruptcy publications (+20)
Trust signals 1 signals
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
45 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 08-04-2023 with the NBB · fiscal year 2021 · micro
€-15k€-10k€-5k€0Operating result 2020: €-11k€-11kNet result 2020: €-11k€-11kOperating result 2021: €-2k€-2kNet result 2021: €-2k€-2k20202021
Operating resultNet result
EBITDA
€-460
+95.8% 20-21
Net profit
€-2k
+79.5% 20-21
Cash flow
€-460
+95.8% 20-21
Total assets
€9k
-12.5% 20-21
Equity
€6k
-27.7% 20-21
Working capital
€-39
+91.2% 20-21
Staff costs
€4k
- 20-21
Debt
€3k
+50.2% 20-21
Debt ≤ 1y
€3k
+50.2% 20-21
Current ratio
0.99
+25.5% 20-21
Quick ratio
0.99
+25.5% 20-21
Solvency
66.5%
-17.3% 20-21
Debt / equity
0.50
- 20-21
ROE
-38.3%
+71.7% 20-21
ROA
-25.5%
+76.6% 20-21
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€-460
Net profit€-2k
Cash flow€-460
Staff costs€4k
Income taxes-
Dividends-
Total assets€9k
Equity€6k
Debt€3k
of which ≤ 1y€3k
of which > 1y-
Working capital€-39
Employees (FTE)-
Ratios (computed)
2021
Current ratio0.99
Quick ratio0.99
Working capital ratio-0.4%
Solvency66.5%
Debt / equity0.50
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-25.5%
ROE-38.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€9k
Fixed assets 21/28€6k
Tangible fixed assets 22/27€3k
Financial fixed assets 28€3k
Current assets 29/58€3k
Amounts receivable within one year 40/41€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€9k
Equity 10/15€6k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€-14k
Amounts payable 17/49€3k
Amounts payable within one year 42/48€3k
Income statement
Gross operating margin 9900€6k
Operating result 9901€-2k
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
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Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator RAPHAEL DAVIN
RUE DES AUGUSTINS 32, 4000 LIEGE 1
 27-03-2023 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation16-03-2020
StatusActive
Postal code-
First BS signal 03-04-2023
Latest BS signal 24-05-2023
Company structure, linked entities1 linked entities
FLM SERVICES FORWARDINGBE 0745.443.911RAPHAEL DAVINReceiver
Mandates
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21306D0147/00B002 Brussels 186 m² 1 · 50 m² 12.4 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
10-06-2024
State Gazette act Capital & shares
2023
24-05-2023
Bankruptcy Bankruptcy reversal
Tribunal de l’entreprise de Liège, division Liège · FLM SERVICES FORWARDING SRL RUE DE LA MADELEINE 27, 4000 LIEGE 1. déclarée le 27 mars 2023 · event 15-05-2023
08-04-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
03-04-2023
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · FLM SERVICES FORWARDING SRL RUE DE LA MADELEINE 27, 4000 LIEGE 1 · event 27-03-2023
19-01-2023
State Gazette act Director changes
2021
12-11-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
Lifecycle & Insolvency Signals 2 events
24-05-2023
Bankruptcy Bankruptcy reversal
Date: 15-05-2023 · Tribunal de l’entreprise de Liège, division Liège · FLM SERVICES FORWARDING SRL RUE DE LA MADELEINE 27, 4000 LIEGE 1. déclarée le 27 mars 2023 · Publications in State Gazette ↗
03-04-2023
Bankruptcy Opening
Date: 27-03-2023 · Tribunal de l’entreprise de Liège, division Liège · FLM SERVICES FORWARDING SRL RUE DE LA MADELEINE 27, 4000 LIEGE 1 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-04-03 · Bankruptcy · Opening2023-05-24 · Bankruptcy · Bankruptcy reversal
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Capital history · 1
10-06-2024
Capital change
All acts · 2 updated 2 years ago
2024
10-06-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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2023
19-01-2023 Romain BERGHMAN resigns as director Director changes
  • Romain BERGHMAN, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR FLM SERVICES FORWARDING
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative