Turnover
≈ €9,100 estimated
The micro format states no turnover.
FLOGEC
Lifetime
13 annual accounts with figures on one time axispeak €2,581 (2014)
€934
lowest -€2,745 (2012)
€865
peak €21,537 (2019)
€20,716▲ 4.4%
€5,352▲ 38.4%
Board2 names since 2016
1 directorUWIRAGIYE FLORENCE
Documentsfilings and deeds
28-11-2025120 days late
2024micro format
Debts from €3,868 to €5,352Cash from €251 to €555
Key points
from the 2024 annual accountsFilings
13 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
79.5%
Higher solvency than 82% of companies in wholesale trade. Sector median 39.4% · 15,426 companies.
Checked score
54
Fair
Financially stronger than 56% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.0%highest value
01-2025: 2.5%▼ -3.5 percentage points vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.6%▲ +0.1 percentage points vs 02-2025
04-2025: 1.3%▼ -1.3 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.2%▼ -0.1 percentage points vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 1.7%▲ +0.3 percentage points vs 07-2025
09-2025: 1.9%▲ +0.2 percentage points vs 08-2025
10-2025: 2.8%▲ +0.9 percentage points vs 09-2025
11-2025: 2.6%▼ -0.2 percentage points vs 10-2025
12-2025: 3.4%▲ +0.8 percentage points vs 11-2025
01-2026: 1.1%▼ -2.3 percentage points vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.2%▲ +0.1 percentage points vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026
09-2026: 1.6%▲ +0.1 percentage points vs 08-2026
10-2026: 2.1%▲ +0.5 percentage points vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 120 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 07-12-2025)
lowers risk
Founded in 2012
Equity €20,716 (79.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 45% on liquidity, 36% on profitability and 54% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as FLOGEC has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLOGEC itself is higher: 2.1% within 12 months. It rests on far more data about FLOGEC than the profile alone.
Test of the method
The method was tested on the 497,448 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 10,904 companies, not a prediction for FLOGEC. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 4.87 (6.13 in 2023), above the usual 1.5. Short-term debt is 20.5% and cash 2.1% of total assets. 20.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 120 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
120 days late
2023
118 days late
2022
51 days late
2021
142 days late
2020
179 days late
2019
150 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 127 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
UF
UWIRAGIYE FLORENCE
Director, since 28-06-2016
- Uwiragiye Florence 80 sharesdeed of 04-11-2019
- Uwikunda Manasse 20 sharesdeed of 04-11-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0845072116
Registered office moved within Brussels
New registered office: Rue Zeyp 5/0001, 1083 Bruxelles · Previous registered office: BOULEVARD EDMOND MACHTENS 63/12-1080 BRUXELLES · General meeting of 20-02-2023 · Gazette deed
Registered office moved from Ixelles to Brussels
Transfer of 10 shares from DUSABE Peace to Uwiragiye Florence · New registered office: Boulevard Edmond Machtens 63/12, 1080 Bruxelles · Previous registered office: GALERIE DE LA PORTE DE NAMUR 9-1050 IXELLES · General meeting of 21-10-2019 · Gazette deed
Appointment: DUSABE Peace (manager)
General meeting of 11-10-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLOGEC Ganshoren | €26,068 | €934 | 79.5% | - |
| DONMEZ Etterbeek | €25,114 | €1,548 | -312.2% | - |
| OLINK Liège | €22,527 | -€2,388 | -17.1% | - |
| DVA Projects Tremelo | €45,258 | -€27,464 | -43.8% | - |
| AMN TRADING Antwerp | €40,604 | -€6,195 | -93.5% | - |
| CHIN INTERNATIONAL Schilde | €34,006 | €2,418 | -151.7% | - |
| COM'ON SPORT Liège | €23,841 | €2,636 | 62.4% | - |
These companies have the same main activity as FLOGEC: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €22,500 and €45,300, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 05-04-2012Normal situation
- Activity
- Wholesale of clothing, excluding workwear and underwearNACE 46423and 4 others
- Establishment unit
- 2.212.410.2461083 Ganshoren, since 10-04-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 04-08-2026
Insights on FLOGEC
FLOGEC files the micro format. That format states no turnover. The gross margin rose from -€6,926 in 2012 to €934 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLOGEC
- What is the company number of FLOGEC?
- The company number of FLOGEC is 0845.072.116. The VAT number is the same number with BE in front: BE 0845.072.116.
- Where is FLOGEC based?
- The registered office is at Zeypstraat 5/0001, 1083 Ganshoren.Company details
- What does FLOGEC do?
- According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
- What is the legal form of FLOGEC?
- FLOGEC is a private limited company (pre-2019) (BVBA).
- When was FLOGEC founded?
- FLOGEC was founded on 05-04-2012.
- Is FLOGEC still active?
- Yes, FLOGEC is an active enterprise in the KBO register.
- What is the turnover of FLOGEC?
- The turnover in financial year 2024 is ≈ €9,100. This figure is estimated from the gross margin of €934 and 41 comparable companies (NACE 464). It probably lies between €4,700 and €38,000. It is a rough estimate.Financials
- Is FLOGEC profitable?
- In financial year 2024, FLOGEC made a profit of €865.
- Where can I find the annual accounts of FLOGEC?
- FLOGEC filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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