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FLO

Active
Private limited companyfounded 2024active for 2 yearsOveres 22, 3990 Peer, BelgiumKBO/BCE: BE 1007.672.721

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 24-06-2026 at the NBB all 2 filings

Turnover
≈ €150,000
Estimated: probably between €130,000 and €190,000
Total assets
€101,562▲ 258%
2024 · €28,334
Net result
€55,902▲ 147%
2024 · €22,667
Working capital
€77,017▲ 240%
2024 · €22,667
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€68,866
▲ 143% 2025
20242025
Net result
€55,902
▲ 147% 2025
highest quarter of the sector
20242025
Equity
€78,568
▲ 247% 2025
middle half of the sector
20242025
Total assets
€101,562
▲ 258% 2025
middle half of the sector
20242025
Debt
€22,993
▲ 306% 2025
20242025
Working capital
€77,017
▲ 240% 2025
middle half of the sector
20242025
Solvency
77.4%
▼ 2.6pp 2025
middle half of the sector
20242025
Current ratio
4.35
▼ 0.65 2025
highest quarter of the sector
20242025
Return on assets (ROA)
55.0%
▼ 25.0pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€28,367-€68,866▲ 143%
Net result€22,667within the sector's middle half-€55,902above the sector's middle half▲ 147%
Equity€22,667within the sector's middle half-€78,568within the sector's middle half▲ 247%
Total assets€28,334below the sector's middle half-€101,562within the sector's middle half▲ 258%
Debt€5,667-€22,993▲ 306%
Working capital€22,667within the sector's middle half-€77,017within the sector's middle half▲ 240%
Solvency80.0%above the sector's middle half-77.4%within the sector's middle half▼ 2.6pp
Current ratio5.00above the sector's middle half-4.35above the sector's middle half▼ 0.65
Return on assets (ROA)80.0%above the sector's middle half-55.0%above the sector's middle half▼ 25.0pp
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 2025 is 143% higher than 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.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,562
Fixed assets €1,551
Current assets €100,010
Equity and liabilities €101,562
Equity €78,568 ▲ 247%
Debt €22,993 ▲ 306%
Debt's share of the balance-sheet total rises from 20.0% to 22.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€68,867
Cash flow
€55,903
Quick ratio
3.91▼
2024 · 5.00
Debt to equity
0.29▲
2024 · 0.25
ROE
71.2%▼
2024 · 100.0%
Interest coverage
over 100
Debt ≤ 1 year
€22,993▲
2024 · €5,667
Income taxes
€14,221▲
2024 · €5,667
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets-€1,553
Depreciation and write-downs of the year-€1

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€28,334€101,562▲
Fixed assets21/28-€1,551
Tangible fixed assets22/27-€1,551
Furniture and vehicles24-€1,551
Current assets29/58€28,334€100,010▲
Stocks and contracts in progress3-€10,000
Stocks30/36-€10,000
Amounts receivable within one year40/41€1,760€68,452▲
Trade receivables40€1,721€18,218▲
Other amounts receivable41€40€50,234▲
Current investments50/53€13,760€13,760=
Cash at bank and in hand54/58€12,799€7,798▼
Deferred charges and accrued income490/1€14€0▼
Equity and liabilities
Total equity and liabilities10/49€28,334€101,562▲
Equity10/15€22,667€78,568▲
Reserves13€22,667€78,568▲
Distributable reserves133€22,667€78,568▲
Amounts payable17/49€5,667€22,993▲
Amounts payable within one year42/48€5,667€22,993▲
Taxes, remuneration and social security45€5,667€22,993▲
Taxes450/3€5,667€22,993▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1
Other operating charges640/8€387€568▲
Gross operating margin9900€28,755€69,435▲
Operating profit (loss)9901€28,367€68,866▲
Financial income75/76B-€1,334
Recurring financial income75-€1,334
Financial charges65/66B€33€77▲
Recurring financial charges65€33€77▲
Profit (loss) for the period before taxes9903€28,334€70,123▲
Income taxes67/77€5,667€14,221▲
Profit (loss) for the period9904€22,667€55,902▲
Profit (loss) for the period to be appropriated9905€22,667€55,902▲
Appropriation of the result
Profit (loss) to be appropriated9906€22,667€55,902▲
Transfer to equity691/2€22,667€55,902▲
To other reserves6921€22,667€55,902▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1-
Other operating charges640/8€387€568▲ 46.6%
Gross operating margin9900€28,755€69,435▲ 141%
Operating profit (loss)9901€28,367€68,866▲ 143%
Financial income75/76B-€1,334-
Recurring financial income75-€1,334-
Financial charges65/66B€33€77▲ 132%
Recurring financial charges65€33€77▲ 132%
Profit (loss) for the period before taxes9903€28,334€70,123▲ 147%
Income taxes67/77€5,667€14,221▲ 151%
Profit (loss) for the period9904€22,667€55,902▲ 147%
Profit (loss) for the period to be appropriated9905€22,667€55,902▲ 147%
Line20242025Change
Assets
Total assets20/58€28,334€101,562▲ 258%
Fixed assets21/28-€1,551-
Tangible fixed assets22/27-€1,551-
Furniture and vehicles24-€1,551-
Current assets29/58€28,334€100,010▲ 253%
Stocks and contracts in progress3-€10,000-
Stocks30/36-€10,000-
Amounts receivable within one year40/41€1,760€68,452▲ 39×
Trade receivables40€1,721€18,218▲ 959%
Other amounts receivable41€40€50,234▲ 1,271×
Current investments50/53€13,760€13,760=
Cash at bank and in hand54/58€12,799€7,798▼ 39.1%
Deferred charges and accrued income490/1€14€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€28,334€101,562▲ 258%
Equity10/15€22,667€78,568▲ 247%
Reserves13€22,667€78,568▲ 247%
Distributable reserves133€22,667€78,568▲ 247%
Amounts payable17/49€5,667€22,993▲ 306%
Amounts payable within one year42/48€5,667€22,993▲ 306%
Taxes, remuneration and social security45€5,667€22,993▲ 306%
Taxes450/3€5,667€22,993▲ 306%
Line20242025Change
Profit (loss) for the period9904€22,667€55,902▲ 147%
+ Depreciation and write-downs630-€1-
Operating cash flow (approximation)€22,667€55,903▲ 147%
Change in cash--€5,001-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 39,278 companies had the same profile as FLO has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of FLO itself: 0.7% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for FLO. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 24-06-2026 2026-00193548 PDF
31-12-2024 micro format 24-06-2025 2025-00171592 PDF

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