FLOGEC
ActiveSummary
FLOGEC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €865. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 82% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 4.87 against 6.13 in 2023; short-term debt: 20.5% and cash: 2.1% of total assets), and 20.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
79.5%
Return on assets
3.3%
Age of the figures
21 mo
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
118 d late
2022
51 d late
2021
142 d late
2020
179 d late
2019
150 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€21k▲ 4.4%
2023 · €20k
2018: €21k
2019: €22k▲ +1.4% vs 2018highest in 7 years
2020: €21k▼ -4.8% vs 2019
2021: €20k▼ -1.2% vs 2020
2022: €20k▼ -2.1% vs 2021lowest in 7 years
2023: €20k● 0.0% vs 2022lowest in 7 years
2024: €21k▲ +4.4% vs 2023
2018 → 2024
Total assets
€26k▲ 9.9%
2023 · €24k
2018: €30k
2019: €35k▲ +17.7% vs 2018highest in 7 years
2020: €29k▼ -17.7% vs 2019
2021: €22k▼ -24.6% vs 2020lowest in 7 years
2022: €24k▲ +8.7% vs 2021
2023: €24k● 0.0% vs 2022
2024: €26k▲ +9.9% vs 2023
2018 → 2024
Net result
€865
2022 · €-417
2018: €327
2019: €292▼ -10.5% vs 2018
2020: €-1k▼ -453% vs 2019lowest value
2021: €-239▲ +76.8% vs 2020
2022: €-417▼ -74.7% vs 2021
2024: €865highest value
2018 → 2024
Working capital
€21k▲ 4.4%
2023 · €20k
2018: €21k
2019: €22k▲ +1.4% vs 2018highest in 7 years
2020: €21k▼ -4.8% vs 2019
2021: €20k▼ -1.2% vs 2020
2022: €20k▼ -2.1% vs 2021lowest in 7 years
2023: €20k● 0.0% vs 2022lowest in 7 years
2024: €21k▲ +4.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€20k▼ 1.2%€20k▼ 2.1%€20k=€21k▲ 4.4%
2020: €21k
2021: €20k▼ -1.2% vs 2020
2022: €20k▼ -2.1% vs 2021lowest in 5 years
2023: €20k● 0.0% vs 2022lowest in 5 years
2024: €21k▲ +4.4% vs 2023highest in 5 years
Operating result€-2k-€-172€934
2020: €-2klowest value
2022: €-172
2024: €934highest value
Net result€-1k-€-239▲ 76.8%€-417▼ 74.7%€865
2020: €-1klowest value
2021: €-239▲ +76.8% vs 2020
2022: €-417▼ -74.7% vs 2021
2024: €865highest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €934 in 2024, compared with €-172 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €26k
Equity
€21k ▲ 4.4%
Debt
€5k ▲ 38.4%
Debt's share of the balance-sheet total rises from 16.3% to 20.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
4.87▼
2023 · 6.13
Quick ratio
0.82▲
2023 · 0.52
Debt to equity
0.26▲
2023 · 0.19
ROE
4.2%
ROA
3.3%
Debt ≤ 1 year
€5k▲
2023 · €4k
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 · 29 lines
Balance sheet
Code20232024
Assets
Total assets20/58€24k€26k▲
Current assets29/58€24k€26k▲
Stocks and contracts in progress3€22k€22k=
Stocks30/36€22k€22k=
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40-€1k
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€251€555▲
Equity and liabilities
Total equity and liabilities10/49€24k€26k▲
Equity10/15€20k€21k▲
Contributions10/11€19k€19k=
Reserves13€605€605=
Non-distributable reserves130/1€605€605=
Reserves not available under the articles1311€605€605=
Profit (loss) carried forward14€645€2k▲
Amounts payable17/49€4k€5k▲
Amounts payable within one year42/48€4k€5k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€4k€4k=
Taxes450/3€4k€4k=
Income statement
Code20232024
Gross operating margin9900-€934
Operating profit (loss)9901-€934
Financial charges65/66B-€68
Recurring financial charges65-€68
Profit (loss) for the period before taxes9903-€865
Profit (loss) for the period9904-€865
Profit (loss) for the period to be appropriated9905-€865
Appropriation of the result
Profit (loss) to be appropriated9906€645€2k▲
Profit (loss) brought forward from the previous period14P€645€645=
The notes to these accounts (1 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 |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €-863 | - | €-172 | - | €934 | - |
| Operating profit (loss)9901 | €-2k | - | €-172 | - | €934 | - |
| Financial charges65/66B | - | €239 | €245 | - | €68 | - |
| Recurring financial charges65 | €294 | €239 | €245 | - | €68 | - |
| Profit (loss) for the period before taxes9903 | €-2k | €-239 | €-417 | - | €865 | - |
| Income taxes67/77 | €-823 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-1k | €-239 | €-417 | - | €865 | - |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-239 | €-417 | - | €865 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29k | €22k | €24k | €24k | €26k | ▲ 9.9% |
| Current assets29/58 | €29k | €22k | €24k | €24k | €26k | ▲ 9.9% |
| Stocks and contracts in progress3 | €22k | €22k | €22k | €22k | €22k | = |
| Stocks30/36 | - | €22k | €22k | €22k | €22k | = |
| Amounts receivable within one year40/41 | €7k | €50 | €2k | €2k | €4k | ▲ 116% |
| Trade receivables40 | - | - | - | - | €1k | - |
| Other amounts receivable41 | - | €50 | €2k | €2k | €3k | ▲ 44.5% |
| Cash at bank and in hand54/58 | €76 | €71 | €251 | €251 | €555 | ▲ 121% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29k | €22k | €24k | €24k | €26k | ▲ 9.9% |
| Equity10/15 | €21k | €20k | €20k | €20k | €21k | ▲ 4.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €605 | €605 | €605 | €605 | €605 | = |
| Non-distributable reserves130/1 | - | €605 | €605 | €605 | €605 | = |
| Reserves not available under the articles1311 | - | €605 | €605 | €605 | €605 | = |
| Profit (loss) carried forward14 | €1k | €1k | €645 | €645 | €2k | ▲ 134% |
| Amounts payable17/49 | €8k | €2k | €4k | €4k | €5k | ▲ 38.4% |
| Amounts payable within one year42/48 | €8k | €2k | €4k | €4k | €5k | ▲ 38.4% |
| Advances received on contracts in progress46 | - | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | €910 | €4k | €4k | €4k | = |
| Taxes450/3 | - | €910 | €4k | €4k | €4k | = |
| Other amounts payable47/48 | - | €647 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-239 | €-417 | - | €865 | - |
| Operating cash flow (approximation) | €-1k | €-239 | €-417 | - | €865 | - |
| Change in cash | - | €-6 | €181 | €0 | €303 | - |
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
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Highest result since 2018net €865
Net result €865, the highest in the series.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 179 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 14.02
Current ratio from 3.43 to 14.02; short-term debt falls from €8k to €2k.
2020
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 133 days late
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 129 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ganshoren · 1 establishment unit since 2012
Ground area
217 m²
Building footprint
150 m²
Volume, LiDAR
1,544 m³
Parcel 21008A0145/00R004, Brussels · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FLOGEC
since 20122.212.410.246
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0145/00R004 | Brussels | 217 m² | 1 · 150 m² | 14.5 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.
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STOKED
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Of 1,308 companies in sector 46423 we hold annual accounts for 810. 433 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)
Founded05-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
47750Retail sale of cosmetics and toilet articles
Scores and ratios are computed by Checked and are not a credit decision.