FLOCART
ActiveFLOCART has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-901k) and a net result of €-1.81M. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency8▼-32
Growth22=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.51 in 2024; short-term debt: 92.7% and cash: 0.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 13
Relative position
BE, all sectors
reference
Sector 13
lower
← 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 · 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 2025Solvency, return and age of the figures
Solvency
-16.8%
Return on assets
-33.9%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-901k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
1 d early
2023
6 d early
2022
25 d early
2021
5 d early
2020
29 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€5.96M▲ 38.0%
2020 · €4.32M
2018: €9.86M
2019: €8.88M
2020: €4.32M
2018 → 2021
EBIT margin
-7.6%▼ 85.5pp
2020 · 78.0%
2018: -6.0%
2019: 4.0%
2020: 78.0%
2018 → 2021
Net result
€-1.81M▼ 32.9%
2024 · €-1.36M
2018: €-664k
2019: €183k
2020: €1.64M
2021: €-332k
2022: €-1.30M
2023: €-1.09M
2024: €-1.36M
2018 → 2025
Working capital
€-3.25M▼ 91.7%
2024 · €-1.69M
2018: €1.29M
2019: €2.35M
2020: €2.53M
2021: €1.52M
2022: €829k
2023: €-560k
2024: €-1.69M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.96M-
Equity€4.68M-€3.37M▼ 28.0%€2.28M▼ 32.4%€913k▼ 59.9%€-901k
Operating result€-451k-€-1.45M▼ 221%€-1.19M▲ 17.9%€-1.55M▼ 30.2%€-1.80M▼ 16.7%
Net result€-332k-€-1.30M▼ 293%€-1.09M▲ 16.2%€-1.36M▼ 24.9%€-1.81M▼ 32.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.80M in 2025 against €1.55M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.35M
Fixed assets
€3.64M▼ 14.3%
Current assets
€1.71M▼ 2.6%
Key figures and ratios
EBITDA
€-1.09M▼
2024 · €-720k
Cash flow
€-1.09M▼
2024 · €-539k
Solvency
-16.8%▼
2024 · 15.2%
Current ratio
0.34▼
2024 · 0.51
Quick ratio
0.07▼
2024 · 0.13
Debt / equity
-6.12▼
2024 · 4.61
ROA
-33.9%▼
2024 · -22.7%
Interest coverage
-7.09▼
2024 · -4.09
Debt
€5.52M▲
2024 · €4.21M
Debt ≤ 1 year
€4.96M▲
2024 · €3.45M
Debt > 1 year
€368k▼
2024 · €629k
Income taxes
€1k▲
2024 · €1k
Staff costs
€1.93M▼
2024 · €2.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.00M€5.35M▼
Fixed assets21/28€4.25M€3.64M▼
Intangible fixed assets21€187k€163k▼
Tangible fixed assets22/27€4.05M€3.47M▼
Plant, machinery and equipment23€3.89M€3.36M▼
Furniture and vehicles24€42k€29k▼
Leasing and similar rights25€56k€41k▼
Other tangible fixed assets26€61k€40k▼
Financial fixed assets28€9k€9k=
Current assets29/58€1.75M€1.71M▼
Stocks and contracts in progress3€1.32M€1.34M▲
Stocks30/36€1.32M€1.34M▲
Amounts receivable within one year40/41€373k€269k▼
Trade receivables40€349k€262k▼
Other amounts receivable41€24k€7k▼
Current investments50/53€0€0=
Cash at bank and in hand54/58€4k€38k▲
Deferred charges and accrued income490/1€55k€58k▲
Equity and liabilities
Total equity and liabilities10/49€6.00M€5.35M▼
Equity10/15€913k€-901k▼
Contributions10/11€5.73M€5.73M=
Capital10€5.73M€5.73M=
Issued capital100€5.73M€5.73M=
Reserves13€2.63M€2.21M▼
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€2.62M€2.20M▼
Profit (loss) carried forward14€-7.45M€-8.84M▼
Provisions and deferred taxes16€873k€732k▼
Deferred taxes168€873k€732k▼
Amounts payable17/49€4.21M€5.52M▲
Amounts payable after more than one year17€629k€368k▼
Financial debts170/4€629k€368k▼
Amounts payable within one year42/48€3.45M€4.96M▲
Current portion of amounts payable after more than one year42€258k€416k▲
Trade debts44€1.11M€907k▼
Suppliers440/4€1.11M€907k▼
Taxes, remuneration and social security45€759k€803k▲
Taxes450/3€207k€227k▲
Remuneration and social security454/9€551k€576k▲
Other amounts payable47/48€1.32M€2.83M▲
Accrued charges and deferred income492/3€136k€191k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.17M€1.93M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€826k€719k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€34k€7k▼
Other operating charges640/8€9k€30k▲
Non-recurring operating charges66A€84k€60k▼
Gross operating margin9900€1.58M€945k▼
Operating profit (loss)9901€-1.55M€-1.80M▼
Financial income75/76B€184k€4k▼
Recurring financial income75€2k€4k▲
Non-recurring financial income76B€182k-
Financial charges65/66B€176k€153k▼
Recurring financial charges65€176k€153k▼
Profit (loss) for the period before taxes9903€-1.54M€-1.95M▼
Transfer from deferred taxes780€175k€141k▼
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€-1.36M€-1.81M▼
Transfer from tax-exempt reserves789€525k€423k▼
Profit (loss) for the period to be appropriated9905€-840k€-1.39M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7.45M€-8.84M▼
Profit (loss) brought forward from the previous period14P€-6.61M€-7.45M▼
Social balance
Average headcount (FTE)908737.932.1▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-1.81M
Net result drops to €-1.81M, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Highest result since 2018net €1.64M ▲799%
Operating result €3.37M, net result €1.64M, both a record.
30-09
Financial
Equity above €5MEq €5.02M ▲61.7%
2 profitable years in a row build equity to €5.02M.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €183k
Net result €183k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-03
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.
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, Wevelgem · 3 establishment units since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuidstraat 188560 WevelgemGround area
4.3 ha
Building footprint
4,573 m²
Volume, LiDAR
23,525 m³
3 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Zuidstraat 18, 8560 Wevelgem
since 19992.092.414.615
FLOCART
since 20022.113.938.816
FLOCART
since 20202.298.531.103
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0880/00N000 | Flanders | 2.5 ha | 1 · 114 m² | - |
| 34012A0425/00Z000 | Flanders | 1.6 ha | 1 · 3,187 m² | 9.1 m · 2 fl. |
| 34041C0887/00N002 | Flanders | 2,558 m² | 1 · 1,271 m² | 5.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 7 entries · 294,944 EUR awarded · 294,944 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 250,000 EUR |
| 2023 | 2 | 20,047 EUR | 20,047 EUR |
| 2022 | 4 | 274,897 EUR | 24,897 EUR |
Schemes
Procedure groene warmte, restwarmte en energie-efficiënte stadsverwarming
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Subsidies voor internationaal ondernemen
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GROEP MASUREEL VEREDELING
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Pataga Yarn
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Van Riel
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Of 755 companies in sector 13300 we hold annual accounts for 160. 86 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-08-1999
Fiscal year end30-09
Trade name NL
DE NIEUWE LENTE of DE LEIE
Activities, NACEBEL
13300Finishing of textiles
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.