FLOGELEC
ActiveFLOGELEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €707k and a net result of €41k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 17.25 against 15.51 in 2023; short-term debt: 5.7% and cash: 3.1% of total assets), and 5.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.2%
Return on assets
5.5%
Age of the figures
21 mo
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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
50 d early
2021
40 d early
2020
64 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k▼ 26.5%
2023 · €56k
2018: €40k
2019: €36k
2020: €74k
2021: €58k
2022: €65k
2023: €56k
2018 → 2024
Working capital
€701k▲ 6.7%
2023 · €657k
2018: €33k
2019: €90k
2020: €164k
2021: €223k
2022: €599k
2023: €657k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€487k-€545k▲ 12.0%€610k▲ 11.8%€666k▲ 9.2%€707k▲ 6.2%
Operating result€79k-€78k▼ 0.5%€89k▲ 13.5%€77k▼ 13.8%€57k▼ 26.2%
Net result€74k-€58k▼ 21.1%€65k▲ 10.6%€56k▼ 13.3%€41k▼ 26.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 26% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €751k
Fixed assets
€7k▼ 25.3%
Current assets
€744k▲ 5.9%
Equity and liabilities €751k
Equity
€707k▲ 6.2%
Debt
€44k▼ 3.8%
The debt ratio falls from 6.4% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▼
2023 · €79k
Cash flow
€43k▼
2023 · €58k
Solvency
94.2%▲
2023 · 93.6%
Current ratio
17.25▲
2023 · 15.51
Quick ratio
14.73▲
2023 · 13.39
Debt / equity
0.06▼
2023 · 0.07
ROE
5.8%▼
2023 · 8.4%
ROA
5.5%▼
2023 · 7.9%
Interest coverage
28.58▼
2023 · 48.05
Debt
€44k▼
2023 · €45k
Debt ≤ 1 year
€43k▼
2023 · €45k
Income taxes
€14k▼
2023 · €20k
Staff costs
€45k▼
2023 · €45k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€711k€751k▲
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€363€63▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€702k€744k▲
Stocks and contracts in progress3€96k€109k▲
Stocks30/36€96k€109k▲
Amounts receivable within one year40/41€424k€611k▲
Trade receivables40€14k€12k▼
Other amounts receivable41€409k€599k▲
Cash at bank and in hand54/58€182k€23k▼
Deferred charges and accrued income490/1€880€970▲
Equity and liabilities
Total equity and liabilities10/49€711k€751k▲
Equity10/15€666k€707k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€148k€148k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€138k€138k=
Profit (loss) carried forward14€418k€459k▲
Amounts payable17/49€45k€44k▼
Amounts payable within one year42/48€45k€43k▼
Trade debts44€21k€25k▲
Suppliers440/4€21k€25k▲
Taxes, remuneration and social security45€22k€15k▼
Taxes450/3€14k€7k▼
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€90€541▲
Income statement
Code20232024
Remuneration, social security and pensions62€45k€45k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€126k€106k▼
Operating profit (loss)9901€77k€57k▼
Financial income75/76B€561€794▲
Recurring financial income75€561€794▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€76k€55k▼
Income taxes67/77€20k€14k▼
Profit (loss) for the period9904€56k€41k▼
Profit (loss) for the period to be appropriated9905€56k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€418k€459k▲
Profit (loss) brought forward from the previous period14P€362k€418k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 9.23
Current ratio from 3.77 to 9.23; short-term debt falls from €81k to €73k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €545k ▲12%
4 profitable years in a row build equity to €545k.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €74k ▲103%
Net result €74k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 4.24
Current ratio from 1.60 to 4.24; short-term debt falls from €151k to €51k.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €36k ▼9.3%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Arlon · 1 establishment unit since 2009
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.
Stockem, route de Neufchâteau 2086700 ArlonGround area
3,515 m²
Building footprint
922 m²
Volume, LiDAR
2,364 m³
2 parcels, Wallonia · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOPRAPOWER
since 20092.175.248.952
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62020A0799/00S000 | Wallonia | 2,284 m² | 1 · 269 m² | 12.4 m · 3 fl. |
| 81011C2360/00G000 | Wallonia | 1,231 m² | 1 · 652 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TIMO SALES
BE 0880.970.331
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STI-VANDENDORPE
BE 0553.900.187
Wavre · Eq €716k
A & S
BE 0893.581.618
Waregem · Eq €718k
MATRACO
BE 0424.204.853
Hasselt · Eq €687k
DEPOORTER
BE 0479.183.364
Londerzeel · Eq €684k
Of 1,075 companies in sector 46140 we hold annual accounts for 644. 409 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-2008
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46643Wholesale of electrical equipment, including installation materials
46820Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.