FLO-RI
ActiveSummary
The computed 12-month bankruptcy probability of FLO-RI is 17.5% (high). For FLO-RI, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€43,256) and a net result of -€28,035. Equity is shrinking by ~61.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 1765 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-13
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
17.5%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-184.4%
Return on assets
-119.5%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-07-2024, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d early
2022
45 d early
2021
59 d late
2020
93 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€28,035▼ 1,520%
2022 · -€1,731
Working capital
-€43,432▼ 176%
2022 · -€15,762
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€6,715--€11,502▼ 71.3%-€360▲ 96.9%-€1,464▼ 307%-€27,691▼ 1,791%
Net result-€6,728--€12,482within the sector's middle half▼ 85.5%-€480within the sector's middle half▲ 96.2%-€1,731within the sector's middle half▼ 261%-€28,035below the sector's middle half▼ 1,520%
Equity-€528--€13,010below the sector's middle half▼ 2,364%-€13,490below the sector's middle half▼ 3.7%-€15,221below the sector's middle half▼ 12.8%-€43,256below the sector's middle half▼ 184%
Total assets€1,634-€1,622below the sector's middle half▼ 0.7%€5,035below the sector's middle half▲ 210%€40,602below the sector's middle half▲ 706%€23,452below the sector's middle half▼ 42.2%
Debt€2,162-€14,632▲ 577%€18,525▲ 26.6%€55,823▲ 201%€66,708▲ 19.5%
Working capital-€528--€13,010▼ 2,364%-€14,396▼ 10.7%-€15,762▼ 9.5%-€43,432▼ 176%
Solvency-267.9%below the sector's middle half-37.5%below the sector's middle half▲ 230.4pp-184.4%below the sector's middle half▼ 147.0pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,691 in 2023 against €1,464 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €23,452
Fixed assets
€176 ▼ 67.5%
Current assets
€23,276 ▼ 41.9%
Key figures and ratios
EBITDA
-€27,326▼
2022 · -€1,099
Cash flow
-€27,670▼
2022 · -€1,366
Current ratio
0.35▼
2022 · 0.72
Quick ratio
0.33▼
2022 · 0.70
Debt to equity
-1.54▲
2022 · -3.67
ROA
-119.5%▼
2022 · -4.3%
Interest coverage
-79.44▼
2022 · -4.12
Debt ≤ 1 year
€66,708▲
2022 · €55,823
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 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €190 | €365 | €365 | = |
| Other operating charges640/8 | - | - | €828 | €1,953 | €1,656 | ▼ 15.2% |
| Gross operating margin9900 | -€4,817 | -€10,694 | €658 | €854 | -€25,670 | ▼ 3,106% |
| Operating profit (loss)9901 | -€6,715 | -€11,502 | -€360 | -€1,464 | -€27,691 | ▼ 1,791% |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | - | - | €120 | €267 | €344 | ▲ 28.8% |
| Recurring financial charges65 | €13 | €981 | €120 | €267 | €344 | ▲ 28.8% |
| Profit (loss) for the period before taxes9903 | -€6,728 | -€12,482 | -€480 | -€1,731 | -€28,035 | ▼ 1,520% |
| Profit (loss) for the period9904 | -€6,728 | -€12,482 | -€480 | -€1,731 | -€28,035 | ▼ 1,520% |
| Profit (loss) for the period to be appropriated9905 | -€6,728 | -€12,482 | -€480 | -€1,731 | -€28,035 | ▼ 1,520% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,634 | €1,622 | €5,035 | €40,602 | €23,452 | ▼ 42.2% |
| Fixed assets21/28 | - | - | €906 | €541 | €176 | ▼ 67.5% |
| Tangible fixed assets22/27 | - | - | €906 | €541 | €176 | ▼ 67.5% |
| Plant, machinery and equipment23 | - | - | €906 | €541 | €176 | ▼ 67.5% |
| Current assets29/58 | €1,634 | €1,622 | €4,129 | €40,061 | €23,276 | ▼ 41.9% |
| Stocks and contracts in progress3 | €283 | €51 | €1,065 | €1,028 | €991 | ▼ 3.6% |
| Stocks30/36 | - | - | €1,065 | €1,028 | €991 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €484 | €482 | €2,799 | €38,887 | €21,394 | ▼ 45.0% |
| Trade receivables40 | - | - | €1,936 | €37,381 | €21,394 | ▼ 42.8% |
| Other amounts receivable41 | - | - | €863 | €1,506 | - | - |
| Cash at bank and in hand54/58 | €867 | €1,089 | €265 | €146 | €891 | ▲ 510% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,634 | €1,622 | €5,035 | €40,602 | €23,452 | ▼ 42.2% |
| Equity10/15 | -€528 | -€13,010 | -€13,490 | -€15,221 | -€43,256 | ▼ 184% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,728 | -€19,210 | -€19,690 | -€21,421 | -€49,456 | ▼ 131% |
| Amounts payable17/49 | €2,162 | €14,632 | €18,525 | €55,823 | €66,708 | ▲ 19.5% |
| Amounts payable within one year42/48 | €2,162 | €14,632 | €18,525 | €55,823 | €66,708 | ▲ 19.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30,437 | €18,879 | ▼ 38.0% |
| Trade debts44 | €661 | €638 | €3,618 | €3,022 | €2,972 | ▼ 1.7% |
| Suppliers440/4 | - | - | €3,618 | €3,022 | €2,972 | ▼ 1.7% |
| Taxes, remuneration and social security45 | - | - | - | €1,850 | €3,713 | ▲ 101% |
| Taxes450/3 | - | - | - | - | €13 | - |
| Remuneration and social security454/9 | - | - | - | €1,850 | €3,700 | ▲ 100% |
| Other amounts payable47/48 | - | - | €14,907 | €20,514 | €41,144 | ▲ 101% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,728 | -€12,482 | -€480 | -€1,731 | -€28,035 | ▼ 1,520% |
| + Depreciation and write-downs630 | - | - | €190 | €365 | €365 | = |
| Operating cash flow (approximation) | -€6,728 | -€12,482 | -€290 | -€1,366 | -€27,670 | ▼ 1,926% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €222 | -€824 | -€119 | €745 | ▲ 726% |
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
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€28,035
Net result drops to -€28,035, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 59 days late
2021
01-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 93 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2019
Ground area
105 m²
Building footprint
88 m²
Volume, LiDAR
894 m³
Parcel 21526D0280/00N005, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
New Gently
since 20192.286.121.635
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0280/00N005 | Brussels | 105 m² | 1 · 88 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.286.121.635
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.