FLOEBO
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 29-10-2025 PDF all 11 filings
Turnover
≈ €790,000
Estimated: probably between €500,000 and €1.4m
EBIT margin
Not included in this filing
Net result
€7,826
2023 · -€20,206
Working capital
€96,068▲ 13.1%
2023 · €84,956
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€19,325
2024
20182024
Net result
€7,826
2024
middle half of the sector
20182024
Equity
€102,932
▲ 8.2%
2024
middle half of the sector
20182024
Total assets
€657,204
▲ 6.5%
2024
middle half of the sector
20182024
Debt
€554,272
▲ 6.2%
2024
20182024
Working capital
€96,068
▲ 13.1%
2024
middle half of the sector
20182024
Solvency
15.7%
▲ 0.2pp
2024
middle half of the sector
20182024
Current ratio
1.17
▲ 0.01
2024
middle half of the sector
20182024
Return on assets (ROA)
1.2%
▲ 4.5pp
2024
middle half of the sector
20182024
Staff (FTE)
3.9
▼ 17.0%
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€21,060--€3,600▲ 82.9%€35,530€15,238▼ 57.1%€32,937▲ 116%-€37,955€19,325
Net result-€6,594-€9,889€45,424within the sector's middle half▲ 359%€17,670within the sector's middle half▼ 61.1%€31,380above the sector's middle half▲ 77.6%-€20,206below the sector's middle half€7,826within the sector's middle half
Equity€10,949-€20,838▲ 90.3%€66,263within the sector's middle half▲ 218%€83,932within the sector's middle half▲ 26.7%€115,313within the sector's middle half▲ 37.4%€95,107within the sector's middle half▼ 17.5%€102,932within the sector's middle half▲ 8.2%
Total assets€422,970-€429,698▲ 1.6%€498,219within the sector's middle half▲ 15.9%€585,159above the sector's middle half▲ 17.5%€571,140above the sector's middle half▼ 2.4%€617,060above the sector's middle half▲ 8.0%€657,204within the sector's middle half▲ 6.5%
Debt€412,020-€408,860▼ 0.8%€431,957▲ 5.6%€501,227▲ 16.0%€455,827▼ 9.1%€521,953▲ 14.5%€554,272▲ 6.2%
Working capital€62,590-€62,770▲ 0.3%€95,799within the sector's middle half▲ 52.6%€91,164above the sector's middle half▼ 4.8%€110,225above the sector's middle half▲ 20.9%€84,956above the sector's middle half▼ 22.9%€96,068within the sector's middle half▲ 13.1%
Solvency2.6%-4.8%▲ 2.3pp13.3%within the sector's middle half▲ 8.5pp14.3%within the sector's middle half▲ 1.0pp20.2%within the sector's middle half▲ 5.8pp15.4%within the sector's middle half▼ 4.8pp15.7%within the sector's middle half▲ 0.2pp
Current ratio1.19-1.18▼ 0.011.25within the sector's middle half▲ 0.071.19within the sector's middle half▼ 0.051.25within the sector's middle half▲ 0.051.16within the sector's middle half▼ 0.081.17within the sector's middle half▲ 0.01
Return on assets (ROA)-1.6%-2.3%▲ 3.9pp9.1%within the sector's middle half▲ 6.8pp3.0%within the sector's middle half▼ 6.1pp5.5%within the sector's middle half▲ 2.5pp-3.3%within the sector's middle half▼ 8.8pp1.2%within the sector's middle half▲ 4.5pp
Staff (FTE)2.9-3.3▲ 13.8%4.2within the sector's middle half▲ 27.3%4.8▲ 14.3%4.4▼ 8.3%4.7▲ 6.8%3.9within the sector's middle half▼ 17.0%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 2024 is a profit of €19,325, after a loss of €37,955 in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €657,204
Fixed assets
€6,865 ▼ 32.4%
Current assets
€650,339 ▲ 7.2%
Equity and liabilities €657,204
Equity
€102,932 ▲ 8.2%
Debt
€554,272 ▲ 6.2%
Debt's share of the balance-sheet total falls from 84.6% to 84.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,731▲
2023 · -€35,296
Cash flow
€10,231▲
2023 · -€17,547
Quick ratio
1.06▲
2023 · 1.00
Debt to equity
5.38▼
2023 · 5.49
ROE
7.6%▲
2023 · -21.2%
Interest coverage
2.85▲
2023 · -43.99
Debt ≤ 1 year
€554,272▲
2023 · €521,953
Income taxes
€28,611▲
2023 · -€653
Staff costs
€107,126▼
2023 · €131,461
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2020 | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 6 | 4 | 4 | 3 |
| full-time | 2 | 3 | 3 | 3 | 2 |
| part-time | 3 | 3 | 1 | 1 | 1 |
| in full-time equivalents | 4.4 | 5.4 | 3.8 | 3.8 | 2.8 |
| Average over the year, in full-time equivalents | 4.2 | 4.8 | 4.4 | 4.7 | 3.9 |
| On a permanent contract | 3 | 3 | 2 | 2 | 1 |
| Joined | 4 | 5 | 8 | 5 | 3 |
| Left | 3 | 4 | 10 | 6 | 5 |
Source: social balance sheet in the 2020 to 2024 annual accounts
Overdue debts
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Overdue tax debts | €6,345 | €36,582 | €25,027 | €57,370 | €81,157 |
| Overdue social security (RSZ) debts | - | €5,396 | €4,220 | - | - |
Source: notes to the 2020 to 2024 annual accounts (statement of debts)
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,814 | €2,117 | €2,000 | - | - |
| Financial fixed assets | - | €5,490 | - | €280 | €320 |
| Depreciation and write-downs of the year | €8,274 | €3,390 | €4,049 | €2,659 | €2,406 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €826 | - | - |
| Remuneration, social security and pensions62 | - | - | €92,198 | €113,209 | €112,794 | €131,461 | €107,126 | ▼ 18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,442 | €7,715 | €8,274 | €3,390 | €4,049 | €2,659 | €2,406 | ▼ 9.5% |
| Other operating charges640/8 | - | - | €4,993 | €9,405 | €15,347 | €16,622 | €8,551 | ▼ 48.6% |
| Gross operating margin9900 | €64,684 | €87,635 | €140,995 | €141,242 | €165,126 | €112,787 | €137,408 | ▲ 21.8% |
| Operating profit (loss)9901 | -€21,060 | -€3,600 | €35,530 | €15,238 | €32,937 | -€37,955 | €19,325 | - |
| Financial income75/76B | - | - | €26,362 | €18,143 | €24,390 | €17,898 | €24,742 | ▲ 38.2% |
| Recurring financial income75 | €16,922 | €20,203 | €26,362 | €18,143 | €24,390 | €17,898 | €24,742 | ▲ 38.2% |
| Financial charges65/66B | - | - | €2,968 | €1,708 | €4,460 | €802 | €7,630 | ▲ 851% |
| Recurring financial charges65 | €2,284 | €3,076 | €2,968 | €1,708 | €4,460 | €802 | €7,630 | ▲ 851% |
| Profit (loss) for the period before taxes9903 | -€6,422 | €13,527 | €58,924 | €31,673 | €52,866 | -€20,860 | €36,437 | - |
| Income taxes67/77 | €171 | €3,638 | €13,500 | €14,003 | €21,486 | -€653 | €28,611 | - |
| Profit (loss) for the period9904 | -€6,594 | €9,889 | €45,424 | €17,670 | €31,380 | -€20,206 | €7,826 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,594 | €9,889 | €45,424 | €17,670 | €31,380 | -€20,206 | €7,826 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €422,970 | €429,698 | €498,219 | €585,159 | €571,140 | €617,060 | €657,204 | ▲ 6.5% |
| Fixed assets21/28 | €23,817 | €16,651 | €12,191 | €16,408 | €12,529 | €10,150 | €6,865 | ▼ 32.4% |
| Tangible fixed assets22/27 | €22,314 | €15,148 | €10,688 | €9,415 | €7,366 | €4,707 | €2,302 | ▼ 51.1% |
| Plant, machinery and equipment23 | - | - | €2,097 | €2,075 | €2,584 | €1,705 | €1,005 | ▼ 41.1% |
| Furniture and vehicles24 | - | - | €1,229 | €1,689 | €818 | €217 | - | - |
| Other tangible fixed assets26 | - | - | €7,361 | €5,651 | €3,964 | €2,785 | €1,297 | ▼ 53.4% |
| Financial fixed assets28 | €1,503 | €1,503 | €1,503 | €6,993 | €5,163 | €5,443 | €4,563 | ▼ 16.2% |
| Current assets29/58 | €399,153 | €413,047 | €486,028 | €568,751 | €558,610 | €606,910 | €650,339 | ▲ 7.2% |
| Stocks and contracts in progress3 | €97,054 | €104,801 | €89,283 | €94,907 | €113,418 | €84,717 | €61,607 | ▼ 27.3% |
| Stocks30/36 | - | - | €89,283 | €94,907 | €113,418 | €84,717 | €61,607 | ▼ 27.3% |
| Amounts receivable within one year40/41 | €251,339 | €262,719 | €325,805 | €401,742 | €377,772 | €381,573 | €566,768 | ▲ 48.5% |
| Trade receivables40 | - | - | €17,814 | €96,952 | €46,625 | €45,477 | €85,773 | ▲ 88.6% |
| Other amounts receivable41 | - | - | €307,991 | €304,790 | €331,147 | €336,096 | €480,995 | ▲ 43.1% |
| Cash at bank and in hand54/58 | €47,113 | €41,989 | €67,961 | €69,211 | €64,264 | €138,883 | €21,964 | ▼ 84.2% |
| Deferred charges and accrued income490/1 | - | - | €2,979 | €2,891 | €3,156 | €1,736 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €422,970 | €429,698 | €498,219 | €585,159 | €571,140 | €617,060 | €657,204 | ▲ 6.5% |
| Equity10/15 | €10,949 | €20,838 | €66,263 | €83,932 | €115,313 | €95,107 | €102,932 | ▲ 8.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,889 | €12,778 | €58,203 | €75,872 | €107,253 | €87,047 | €94,872 | ▲ 9.0% |
| Amounts payable17/49 | €412,020 | €408,860 | €431,957 | €501,227 | €455,827 | €521,953 | €554,272 | ▲ 6.2% |
| Amounts payable after more than one year17 | €75,453 | €56,941 | €40,273 | €23,605 | €6,937 | - | - | - |
| Financial debts170/4 | - | - | €40,273 | €23,605 | €6,937 | - | - | - |
| Amounts payable within one year42/48 | €336,562 | €350,278 | €390,229 | €477,586 | €448,385 | €521,953 | €554,272 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | - | €20,835 | €16,668 | €18,057 | €13,226 | €7,546 | ▼ 42.9% |
| Trade debts44 | €284,799 | €291,695 | €294,351 | €329,927 | €235,401 | €265,403 | €250,549 | ▼ 5.6% |
| Suppliers440/4 | - | - | €294,351 | €329,927 | €235,401 | €265,403 | €250,549 | ▼ 5.6% |
| Taxes, remuneration and social security45 | - | - | €52,934 | €83,860 | €115,122 | €95,366 | €130,714 | ▲ 37.1% |
| Taxes450/3 | - | - | €29,793 | €55,553 | €86,822 | €64,293 | €103,727 | ▲ 61.3% |
| Remuneration and social security454/9 | - | - | €23,141 | €28,306 | €28,300 | €31,073 | €26,987 | ▼ 13.1% |
| Other amounts payable47/48 | - | - | €22,110 | €47,132 | €79,806 | €147,958 | €165,463 | ▲ 11.8% |
| Accrued charges and deferred income492/3 | - | - | €1,454 | €35 | €505 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,594 | €9,889 | €45,424 | €17,670 | €31,380 | -€20,206 | €7,826 | - |
| + Depreciation and write-downs630 | €8,442 | €7,715 | €8,274 | €3,390 | €4,049 | €2,659 | €2,406 | ▼ 9.5% |
| Operating cash flow (approximation) | €1,848 | €17,603 | €53,698 | €21,060 | €35,429 | -€17,547 | €10,231 | - |
| Investment in fixed assets (approximation) | - | -€549 | -€3,814 | -€7,607 | -€170 | -€280 | €880 | - |
| Change in cash | - | -€5,123 | €25,972 | €1,250 | -€4,947 | €74,619 | -€116,919 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,508 companies had the same profile as FLOEBO has now. Two years later, 96.9% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.6%
stopped otherwise
1.4%
went bankrupt
The bankruptcy probability of FLOEBO itself is higher: 4.5% within 12 months. It rests on far more data about FLOEBO than the profile alone.
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.
| 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 4,508 companies, not a prediction for FLOEBO. 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.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 29-10-2025 | 2025-00555066 | |
| 31-12-2023 | micro format | 31-10-2024 | 2024-00524065 | |
| 31-12-2022 | micro format | 28-03-2024 | 2024-00052154 | |
| 31-12-2021 | micro format | 18-12-2023 | 2023-00529881 | |
| 31-12-2020 | full format | 18-12-2023 | 2023-00529847 | |
| 31-12-2019 | full format | 22-07-2021 | 2021-38200444 | |
| 31-12-2018 | full format | 24-11-2020 | 2020-71800433 | |
| 31-12-2017 | micro format | 12-10-2018 | 2018-69600044 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65400238 | |
| 31-12-2015 | full format | 29-09-2016 | 2016-64000114 |