Flocan Services
ActiveSummary
Flocan Services has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▲+11
Solvency57▼-43
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 10.52 in 2023; short-term debt: 67.9% and cash: 85.6% of total assets), and 67.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-6.3%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
41 d early
2021
18 d early
2020
30 d early
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€20k▼ 65.0%
2023 · €59k
2018: €108k
2019: €229k▲ +112% vs 2018highest in 7 years
2020: €30k▼ -86.7% vs 2019
2021: €35k▲ +15.6% vs 2020
2022: €78k▲ +122% vs 2021
2023: €59k▼ -24.8% vs 2022
2024: €20k▼ -65.0% vs 2023lowest in 7 years
2018 → 2024
Total assets
€64k▼ 0.4%
2023 · €64k
2018: €120k
2019: €258k▲ +115% vs 2018
2020: €376k▲ +45.8% vs 2019highest in 7 years
2021: €210k▼ -44.0% vs 2020
2022: €81k▼ -61.7% vs 2021
2023: €64k▼ -20.4% vs 2022
2024: €64k▼ -0.4% vs 2023lowest in 7 years
2018 → 2024
Net result
€-4k▲ 79.2%
2023 · €-19k
2018: €102k
2019: €113k▲ +11.5% vs 2018
2020: €102k▼ -10.1% vs 2019
2021: €124k▲ +21.9% vs 2020highest in 7 years
2022: €43k▼ -65.6% vs 2021
2023: €-19k▼ -145% vs 2022lowest in 7 years
2024: €-4k▲ +79.2% vs 2023
2018 → 2024
Working capital
€19k▼ 64.7%
2023 · €54k
2018: €107k
2019: €228k▲ +113% vs 2018highest in 7 years
2020: €15k▼ -93.5% vs 2019lowest in 7 years
2021: €23k▲ +56.5% vs 2020
2022: €69k▲ +200% vs 2021
2023: €54k▼ -22.9% vs 2022
2024: €19k▼ -64.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€35k▲ 15.6%€78k▲ 122%€59k▼ 24.8%€20k▼ 65.0%
2020: €30k
2021: €35k▲ +15.6% vs 2020
2022: €78k▲ +122% vs 2021highest in 5 years
2023: €59k▼ -24.8% vs 2022
2024: €20k▼ -65.0% vs 2023lowest in 5 years
Operating result€130k-€161k▲ 23.6%€55k▼ 66.1%€-19k€-4k▲ 80.3%
2020: €130k
2021: €161k▲ +23.6% vs 2020highest in 5 years
2022: €55k▼ -66.1% vs 2021
2023: €-19k▼ -135% vs 2022lowest in 5 years
2024: €-4k▲ +80.3% vs 2023
Net result€102k-€124k▲ 21.9%€43k▼ 65.6%€-19k€-4k▲ 79.2%
2020: €102k
2021: €124k▲ +21.9% vs 2020highest in 5 years
2022: €43k▼ -65.6% vs 2021
2023: €-19k▼ -145% vs 2022lowest in 5 years
2024: €-4k▲ +79.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2024 against €19k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€2k ▼ 68.4%
Current assets
€62k ▲ 5.3%
Equity and liabilities €64k
Equity
€20k ▼ 65.0%
Debt
€43k ▲ 671%
Debt's share of the balance-sheet total rises from 8.8% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-345▲
2023 · €-16k
Cash flow
€-620▲
2023 · €-16k
Current ratio
1.44▼
2023 · 10.52
Debt to equity
2.12▲
2023 · 0.10
ROE
-19.6%▲
2023 · -33.1%
ROA
-6.3%▲
2023 · -30.2%
Interest coverage
-2.56▲
2023 · -77.27
Debt ≤ 1 year
€43k▲
2023 · €6k
Income taxes
€140▲
2023 · €131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€64k€64k▼
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Furniture and vehicles24€5k€2k▼
Current assets29/58€59k€62k▲
Amounts receivable within one year40/41€316€6k▲
Trade receivables40€212€6k▲
Other amounts receivable41€104-
Cash at bank and in hand54/58€58k€55k▼
Deferred charges and accrued income490/1€575€1k▲
Equity and liabilities
Total equity and liabilities10/49€64k€64k▼
Equity10/15€59k€20k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€38k€33▼
Amounts payable17/49€6k€43k▲
Amounts payable within one year42/48€6k€43k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€951€5k▲
Taxes450/3€951€5k▲
Other amounts payable47/48€3k€36k▲
Income statement
Code20232024
Remuneration, social security and pensions62€20-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€747€428▼
Gross operating margin9900€-15k€83▲
Operating profit (loss)9901€-19k€-4k▲
Financial charges65/66B€202€135▼
Recurring financial charges65€202€135▼
Profit (loss) for the period before taxes9903€-19k€-4k▲
Income taxes67/77€131€140▲
Profit (loss) for the period9904€-19k€-4k▲
Profit (loss) for the period to be appropriated9905€-19k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€34k▼
Profit (loss) brought forward from the previous period14P€57k€38k▼
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30k | €24k | €20 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €4k | €3k | €3k | = |
| Other operating charges640/8 | - | €364 | €17 | €747 | €428 | ▼ 42.7% |
| Gross operating margin9900 | €160k | €195k | €82k | €-15k | €83 | ▲ 101% |
| Operating profit (loss)9901 | €130k | €161k | €55k | €-19k | €-4k | ▲ 80.3% |
| Financial charges65/66B | - | €124 | €120 | €202 | €135 | ▼ 33.2% |
| Recurring financial charges65 | €111 | €124 | €120 | €202 | €135 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | €130k | €161k | €55k | €-19k | €-4k | ▲ 79.8% |
| Income taxes67/77 | €28k | €37k | €12k | €131 | €140 | ▲ 6.9% |
| Profit (loss) for the period9904 | €102k | €124k | €43k | €-19k | €-4k | ▲ 79.2% |
| Profit (loss) for the period to be appropriated9905 | €102k | €124k | €43k | €-19k | €-4k | ▲ 79.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €376k | €210k | €81k | €64k | €64k | ▼ 0.4% |
| Fixed assets21/28 | €16k | €12k | €8k | €5k | €2k | ▼ 68.4% |
| Tangible fixed assets22/27 | €16k | €12k | €8k | €5k | €2k | ▼ 68.4% |
| Furniture and vehicles24 | - | €12k | €8k | €5k | €2k | ▼ 68.4% |
| Current assets29/58 | €360k | €198k | €72k | €59k | €62k | ▲ 5.3% |
| Amounts receivable within one year40/41 | €9k | €48k | €373 | €316 | €6k | ▲ 1,866% |
| Trade receivables40 | - | €48k | - | €212 | €6k | ▲ 2,831% |
| Other amounts receivable41 | - | - | €373 | €104 | - | - |
| Cash at bank and in hand54/58 | €350k | €150k | €71k | €58k | €55k | ▼ 6.1% |
| Deferred charges and accrued income490/1 | - | €529 | €546 | €575 | €1k | ▲ 141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €376k | €210k | €81k | €64k | €64k | ▼ 0.4% |
| Equity10/15 | €30k | €35k | €78k | €59k | €20k | ▼ 65.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €10k | €15k | €57k | €38k | €33 | ▼ 99.9% |
| Amounts payable17/49 | €345k | €175k | €3k | €6k | €43k | ▲ 671% |
| Amounts payable within one year42/48 | €345k | €175k | €3k | €6k | €43k | ▲ 671% |
| Trade debts44 | - | €1k | €413 | €1k | €2k | ▲ 66.3% |
| Suppliers440/4 | - | €1k | €413 | €1k | €2k | ▲ 66.3% |
| Taxes, remuneration and social security45 | - | €53k | €819 | €951 | €5k | ▲ 458% |
| Taxes450/3 | - | €49k | €819 | €951 | €5k | ▲ 458% |
| Remuneration and social security454/9 | - | €4k | - | - | - | - |
| Other amounts payable47/48 | - | €121k | €1k | €3k | €36k | ▲ 952% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102k | €124k | €43k | €-19k | €-4k | ▲ 79.2% |
| + Depreciation and write-downs630 | €2k | €4k | €4k | €3k | €3k | = |
| Operating cash flow (approximation) | €104k | €128k | €46k | €-16k | €-620 | ▲ 96.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-200k | €-79k | €-13k | €-4k | ▲ 72.4% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 24current ratio 26.94
Current ratio from 1.13 to 26.94; short-term debt falls from €175k to €3k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €124k ▲21.9%
Operating result €161k, net result €124k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Equity above €200kEq €229k ▲112%
2 profitable years in a row build equity to €229k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
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, Brussel · 1 establishment unit since 2018
Ground area
300 m²
Building footprint
110 m²
Volume, LiDAR
770 m³
Parcel 21816G0151/00L005, Brussels · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ernest Salustraat 40, 1020 Brussel
since 20182.273.057.616
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0151/00L005 | Brussels | 300 m² | 1 · 110 m² | 13.9 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,794 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.