FLO
ActiveSummary
FLO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179,074 and a net result of -€100,749. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-6
Solvency32▼-4
Growth73=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 0.97 in 2024; short-term debt: 91.9% and cash: 2% of total assets), and 93.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€100,749
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4209 sector peers (2025).
NBB · sector comparisonPosition among 4209 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
15 d early
2023
30 d early
2022
28 d early
2021
12 d late
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€7.1m▼ 11.9%
2021 · €8.0m
EBIT margin
-4.4%▼ 3.7pp
2021 · -0.7%
Net result
-€100,749▼ 115%
2024 · -€46,942
Working capital
-€242,269▼ 218%
2024 · -€76,141
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€8.0m▲ 2.5%€7.1m▼ 11.9%
Operating result-€57,567-€314,019▼ 445%-€103,735▲ 67.0%-€23,879▲ 77.0%-€90,989▼ 281%
Net result-€104,528-€367,909▼ 252%-€186,979▲ 49.2%-€46,942▲ 74.9%-€100,749▼ 115%
EBIT margin-0.7%▼ 3.0pp-4.4%▼ 3.7pp
Equity-€1.2m▼ 9.4%-€1.6m▼ 30.2%€326,765€279,822▼ 14.4%€179,074▼ 36.0%
Total assets€3.3m▼ 3.0%€2.7m▼ 18.7%€2.4m▼ 9.3%€2.6m▲ 4.4%€2.6m▲ 3.4%
Debt€4.5m▲ 0.1%€4.3m▼ 5.6%€2.1m▼ 50.5%€2.3m▲ 7.3%€2.5m▲ 8.3%
Working capital-€2.2m▲ 15.8%-€2.0m▲ 8.8%€131,536-€76,141-€242,269▼ 218%
Staff (FTE)18.1▲ 8.4%18.2▲ 0.6%17.6▼ 3.3%16.9▼ 4.0%15.6▼ 7.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90,989 in 2025 against €23,879 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€457,140 ▲ 22.5%
Current assets
€2.2m ▲ 0.2%
Equity and liabilities €2.6m
Equity
€179,074 ▼ 36.0%
Debt
€2.5m ▲ 8.3%
Debt's share of the balance-sheet total rises from 89.0% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,157▼
2024 · €36,934
Cash flow
-€11,917▼
2024 · €13,871
Current ratio
0.90▼
2024 · 0.97
Quick ratio
0.05▼
2024 · 0.07
Debt to equity
13.76▲
2024 · 8.13
ROE
-56.3%▼
2024 · -16.8%
ROA
-3.8%▼
2024 · -1.8%
Interest coverage
-0.03▼
2024 · 0.44
Debt ≤ 1 year
€2.4m▲
2024 · €2.3m
Debt > 1 year
€19,913
Staff costs
€847,088▼
2024 · €896,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,102 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.5%
went bankrupt
3.5%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,102 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.1m | €7.1m | - | - | - | - |
| Turnover70 | €8.0m | €7.1m | - | - | - | - |
| Other operating income74 | €31,119 | €38,022 | - | - | - | - |
| Non-recurring operating income76A | - | €24,928 | €96,750 | €66,144 | €25,352 | ▼ 61.7% |
| Operating charges60/66A | €8.1m | €7.5m | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €5.2m | €4.6m | - | - | - | - |
| Purchases600/8 | €5.6m | €4.6m | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€457,952 | €35,935 | - | - | - | - |
| Services and other goods61 | €1.5m | €1.5m | - | - | - | - |
| Remuneration, social security and pensions62 | €804,757 | €766,470 | €761,046 | €896,690 | €847,088 | ▼ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €587,474 | €584,791 | €279,408 | €60,813 | €88,832 | ▲ 46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,763 | €21,718 | €10,773 | €7,773 | €1,074 | ▼ 86.2% |
| Other operating charges640/8 | €16,812 | €20,262 | €28,282 | €15,056 | €17,287 | ▲ 14.8% |
| Gross operating margin9900 | - | - | €975,774 | €956,453 | €863,292 | ▼ 9.7% |
| Operating profit (loss)9901 | -€57,567 | -€314,019 | -€103,735 | -€23,879 | -€90,989 | ▼ 281% |
| Financial income75/76B | €1,715 | €5,948 | €59,046 | €60,470 | €58,272 | ▼ 3.6% |
| Recurring financial income75 | €1,715 | €5,948 | €59,046 | €60,470 | €58,272 | ▼ 3.6% |
| Income from current assets751 | €0 | €10 | - | - | - | - |
| Other financial income752/9 | €1,714 | €5,938 | - | - | - | - |
| Financial charges65/66B | €48,676 | €59,838 | €142,290 | €83,534 | €68,032 | ▼ 18.6% |
| Recurring financial charges65 | €48,676 | €59,838 | €142,240 | €83,534 | €68,032 | ▼ 18.6% |
| Debt charges650 | €34,439 | €42,235 | - | - | - | - |
| Other financial charges652/9 | €14,237 | €17,603 | - | - | - | - |
| Non-recurring financial charges66B | - | - | €50 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€104,528 | -€367,909 | -€186,979 | -€46,942 | -€100,749 | ▼ 115% |
| Profit (loss) for the period9904 | -€104,528 | -€367,909 | -€186,979 | -€46,942 | -€100,749 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | -€104,528 | -€367,909 | -€186,979 | -€46,942 | -€100,749 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €2.7m | €2.4m | €2.6m | €2.6m | ▲ 3.4% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €1.0m | €474,848 | €218,209 | €373,101 | €457,140 | ▲ 22.5% |
| Intangible fixed assets21 | €503,137 | €118,137 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €535,758 | €354,211 | €215,709 | €370,601 | €454,640 | ▲ 22.7% |
| Plant, machinery and equipment23 | €229,149 | €111,307 | €31,306 | €114,878 | €102,851 | ▼ 10.5% |
| Furniture and vehicles24 | €27,909 | €26,250 | €10,505 | €17,386 | €39,577 | ▲ 128% |
| Leasing and similar rights25 | €13,622 | €0 | - | - | €34,064 | - |
| Other tangible fixed assets26 | €265,078 | €216,654 | €173,898 | €238,337 | €278,148 | ▲ 16.7% |
| Financial fixed assets28 | €2,550 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Affiliated companies280/1 | - | €0 | - | - | - | - |
| Amounts receivable281 | - | €0 | - | - | - | - |
| Other financial fixed assets284/8 | €2,550 | €2,500 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €2,550 | €2,500 | - | - | - | - |
| Current assets29/58 | €2.3m | €2.2m | €2.2m | €2.2m | €2.2m | ▲ 0.2% |
| Stocks and contracts in progress3 | €2.2m | €2.1m | €2.1m | €2.0m | €2.1m | ▲ 2.1% |
| Stocks30/36 | €2.2m | €2.1m | €2.1m | €2.0m | €2.1m | ▲ 2.1% |
| Goods purchased for resale34 | €2.2m | €2.1m | - | - | - | - |
| Amounts receivable within one year40/41 | €42,212 | €53,638 | €36,951 | €70,170 | €43,153 | ▼ 38.5% |
| Trade receivables40 | €41,307 | €53,638 | €36,951 | €70,170 | €43,153 | ▼ 38.5% |
| Other amounts receivable41 | €905 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €76,483 | €72,395 | €105,234 | €71,453 | €52,022 | ▼ 27.2% |
| Deferred charges and accrued income490/1 | €6,611 | €3,656 | €9,058 | €9,607 | €16,942 | ▲ 76.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €2.7m | €2.4m | €2.6m | €2.6m | ▲ 3.4% |
| Equity10/15 | -€1.2m | -€1.6m | €326,765 | €279,822 | €179,074 | ▼ 36.0% |
| Contributions10/11 | €150,000 | €150,000 | €498,744 | €498,744 | €498,744 | = |
| Capital10 | €150,000 | €150,000 | €498,744 | €498,744 | €498,744 | = |
| Issued capital100 | €150,000 | €150,000 | €498,744 | €498,744 | €498,744 | = |
| Reserves13 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Non-distributable reserves130/1 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€1.4m | -€1.8m | -€186,979 | -€233,922 | -€334,671 | ▼ 43.1% |
| Provisions and deferred taxes16 | - | €0 | - | - | - | - |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €4.5m | €4.3m | €2.1m | €2.3m | €2.5m | ▲ 8.3% |
| Amounts payable after more than one year17 | - | €0 | - | - | €19,913 | - |
| Financial debts170/4 | - | €0 | - | - | €19,913 | - |
| Leasing and similar obligations172 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €4.5m | €4.3m | €2.1m | €2.3m | €2.4m | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | €863 | €0 | - | - | €12,107 | - |
| Trade debts44 | €444,681 | €396,066 | €513,665 | €510,689 | €410,912 | ▼ 19.5% |
| Suppliers440/4 | €444,681 | €396,066 | €513,665 | €510,689 | €410,912 | ▼ 19.5% |
| Advances received on contracts in progress46 | €26,276 | €19,826 | €19,697 | €12,835 | €6,386 | ▼ 50.2% |
| Taxes, remuneration and social security45 | €176,716 | €142,968 | €123,066 | €157,680 | €157,673 | = |
| Taxes450/3 | - | €280 | €15,721 | €7,558 | €16,940 | ▲ 124% |
| Remuneration and social security454/9 | €176,716 | €142,688 | €107,345 | €150,122 | €140,733 | ▼ 6.3% |
| Other amounts payable47/48 | €3.9m | €3.7m | €1.4m | €1.6m | €1.8m | ▲ 16.7% |
| Accrued charges and deferred income492/3 | €25,566 | €22,589 | €22,980 | €17,138 | €15,884 | ▼ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€104,528 | -€367,909 | -€186,979 | -€46,942 | -€100,749 | ▼ 115% |
| + Depreciation and write-downs630 | €587,474 | €584,791 | €279,408 | €60,813 | €88,832 | ▲ 46.1% |
| Operating cash flow (approximation) | €482,946 | €216,882 | €92,428 | €13,871 | -€11,917 | ▼ 186% |
| Investment in fixed assets (approximation) | - | -€18,194 | -€22,769 | -€215,704 | -€172,871 | ▲ 19.9% |
| Change in cash | - | -€4,089 | €32,840 | -€33,781 | -€19,431 | ▲ 42.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.06
Current ratio from 0.52 to 1.06; short-term debt falls from €4.3m to €2.1m.
31-12
Financial
Equity above €200,000Eq €326,765
Equity rises from -€1.6m to €326,765.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €139,997
Net result €139,997 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wommelgem · 2 establishment units since 2002
Ground area
3.5 ha
Building footprint
9,386 m²
Volume, LiDAR
51,586 m³
3 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
2 establishment units
Hubo
since 20022.114.148.949
HUBO
since 20182.275.529.433
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0077/00E000 | Flanders | 1.7 ha | 1 · 2,357 m² | - |
| 11052C0166/00N000 | Flanders | 8,904 m² | 1 · 2,714 m² | 13.9 m · 3 fl. |
| 34302B0875/00M005 | Flanders | 8,682 m² | 1 · 4,314 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Teweka
71 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Teweka
- Hubo België
- FLO
Highest known parent: Teweka. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of FLO and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBornem2.114.148.949
Wevelgem2.275.529.433
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 967 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478110723
Also
9925:BE0478110723
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.