FLOOR SYSTEM
ActiveSummary
The computed 12-month bankruptcy probability of FLOOR SYSTEM is 2.8% (moderate). The 2025 annual accounts show equity of €48,792 and a net result of -€12,133. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 7940 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-56
Solvency79▼-14
Growth56▲+4
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.05 against 3.02 in 2024; short-term debt: 46.2% and cash: 5% of total assets), and 46.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
53.8%
Return on assets
-13.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
54 d late
2024
41 d early
2023
93 d early
2022
53 d early
2021
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 June (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€296,109▲ 20.3%
2024 · €246,140
EBIT margin
-1.4%▼ 3.7pp
2024 · 2.3%
Net result
-€12,133
2024 · €6,939
Working capital
€43,997▼ 24.0%
2024 · €57,876
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€208,980-€150,228▼ 28.1%€212,445▲ 41.4%€246,140▲ 15.9%€296,109▲ 20.3%
Operating result€27,755-€36,778▲ 32.5%€23,369▼ 36.5%€5,725▼ 75.5%-€4,075
Net result€27,455within the sector's middle half-€30,312above the sector's middle half▲ 10.4%€15,419within the sector's middle half▼ 49.1%€6,939within the sector's middle half▼ 55.0%-€12,133below the sector's middle half
EBIT margin13.3%-24.5%▲ 11.2pp11.0%▼ 13.5pp2.3%▼ 8.7pp-1.4%▼ 3.7pp
Equity€30,455below the sector's middle half-€42,767within the sector's middle half▲ 40.4%€53,986within the sector's middle half▲ 26.2%€60,926within the sector's middle half▲ 12.9%€48,792below the sector's middle half▼ 19.9%
Total assets€118,149below the sector's middle half-€56,103below the sector's middle half▼ 52.5%€78,067within the sector's middle half▲ 39.1%€89,619within the sector's middle half▲ 14.8%€90,765below the sector's middle half▲ 1.3%
Debt€87,694-€13,336▼ 84.8%€24,080▲ 80.6%€28,693▲ 19.2%€41,973▲ 46.3%
Working capital€23,621within the sector's middle half-€37,931within the sector's middle half▲ 60.6%€49,901within the sector's middle half▲ 31.6%€57,876within the sector's middle half▲ 16.0%€43,997within the sector's middle half▼ 24.0%
Solvency25.8%within the sector's middle half-76.2%above the sector's middle half▲ 50.5pp69.2%above the sector's middle half▼ 7.1pp68.0%within the sector's middle half▼ 1.2pp53.8%within the sector's middle half▼ 14.2pp
Current ratio1.27within the sector's middle half-3.84above the sector's middle half▲ 2.573.07within the sector's middle half▼ 0.773.02within the sector's middle half▼ 0.062.05within the sector's middle half▼ 0.97
Return on assets (ROA)23.2%above the sector's middle half-54.0%above the sector's middle half▲ 30.8pp19.8%above the sector's middle half▼ 34.3pp7.7%within the sector's middle half▼ 12.0pp-13.4%below the sector's middle half▼ 21.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,075 after €5,725 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,765
Fixed assets
€4,795 ▲ 57.3%
Current assets
€85,970 ▼ 0.7%
Equity and liabilities €90,765
Equity
€48,792 ▼ 19.9%
Debt
€41,973 ▲ 46.3%
Debt's share of the balance-sheet total rises from 32.0% to 46.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,402▼
2024 · €8,031
Cash flow
-€10,460▼
2024 · €9,246
Debt to equity
0.86▲
2024 · 0.47
ROE
-24.9%▼
2024 · 11.4%
Interest coverage
-0.98▼
2024 · 16.96
Debt ≤ 1 year
€41,973▲
2024 · €28,693
Income taxes
€5,616
Staff costs
€61,416▲
2024 · €38,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €208,980 | €150,228 | €212,445 | €246,140 | €296,109 | ▲ 20.3% |
| Non-recurring operating income76A | - | €1,490 | €1,490 | €4,000 | €4,240 | ▲ 6.0% |
| Goods, raw materials, services and sundry goods60/61 | €175,193 | €106,646 | €176,675 | €200,422 | €235,256 | ▲ 17.4% |
| Remuneration, social security and pensions62 | €861 | €1,846 | €10,676 | €38,330 | €61,416 | ▲ 60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,518 | €4,348 | €2,320 | €2,307 | €1,674 | ▼ 27.4% |
| Other operating charges640/8 | €1,654 | €2,100 | €895 | €3,356 | €6,079 | ▲ 81.2% |
| Gross operating margin9900 | €33,788 | €45,073 | €37,259 | €49,718 | €65,093 | ▲ 30.9% |
| Operating profit (loss)9901 | €27,755 | €36,778 | €23,369 | €5,725 | -€4,075 | ▼ 171% |
| Financial income75/76B | - | - | - | €1,983 | - | - |
| Recurring financial income75 | - | - | - | €1,983 | - | - |
| Financial charges65/66B | €299 | €3,906 | €924 | €769 | €2,442 | ▲ 218% |
| Recurring financial charges65 | €299 | €3,104 | €924 | €474 | €2,442 | ▲ 416% |
| Non-recurring financial charges66B | - | €802 | - | €295 | - | - |
| Profit (loss) for the period before taxes9903 | €27,455 | €32,872 | €22,445 | €6,939 | -€6,518 | ▼ 194% |
| Income taxes67/77 | - | €2,561 | €7,026 | - | €5,616 | - |
| Profit (loss) for the period9904 | €27,455 | €30,312 | €15,419 | €6,939 | -€12,133 | ▼ 275% |
| Profit (loss) for the period to be appropriated9905 | €27,455 | €30,312 | €15,419 | €6,939 | -€12,133 | ▼ 275% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,149 | €56,103 | €78,067 | €89,619 | €90,765 | ▲ 1.3% |
| Fixed assets21/28 | €6,835 | €4,836 | €4,086 | €3,049 | €4,795 | ▲ 57.3% |
| Tangible fixed assets22/27 | €6,835 | €4,836 | €4,086 | €3,049 | €4,795 | ▲ 57.3% |
| Furniture and vehicles24 | €6,835 | €4,836 | €4,086 | €3,049 | €4,795 | ▲ 57.3% |
| Current assets29/58 | €111,314 | €51,267 | €73,981 | €86,570 | €85,970 | ▼ 0.7% |
| Stocks and contracts in progress3 | - | - | - | €9,021 | - | - |
| Stocks30/36 | - | - | - | €9,021 | - | - |
| Amounts receivable within one year40/41 | €59,408 | €21,151 | €73,981 | €59,234 | €80,787 | ▲ 36.4% |
| Trade receivables40 | €23,908 | €17,777 | €66,239 | €12,222 | €78,582 | ▲ 543% |
| Other amounts receivable41 | €35,500 | €3,374 | €7,742 | €47,011 | €2,205 | ▼ 95.3% |
| Cash at bank and in hand54/58 | €49,684 | €29,681 | €0 | €16,374 | €4,559 | ▼ 72.2% |
| Deferred charges and accrued income490/1 | €2,223 | €434 | - | €1,941 | €623 | ▼ 67.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,149 | €56,103 | €78,067 | €89,619 | €90,765 | ▲ 1.3% |
| Equity10/15 | €30,455 | €42,767 | €53,986 | €60,926 | €48,792 | ▼ 19.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Issued capital100 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €27,455 | €39,767 | €50,986 | €57,926 | €45,792 | ▼ 20.9% |
| Amounts payable17/49 | €87,694 | €13,336 | €24,080 | €28,693 | €41,973 | ▲ 46.3% |
| Amounts payable within one year42/48 | €87,694 | €13,336 | €24,080 | €28,693 | €41,973 | ▲ 46.3% |
| Current portion of amounts payable after more than one year42 | €29,683 | - | - | - | - | - |
| Financial debts43 | €13,341 | €2,676 | €9,271 | - | - | - |
| Credit institutions430/8 | - | - | €8,976 | - | - | - |
| Other loans439 | €13,341 | €2,676 | €295 | - | - | - |
| Trade debts44 | €44,645 | €9,468 | €13,674 | €19,633 | €21,657 | ▲ 10.3% |
| Suppliers440/4 | €44,645 | €9,468 | €13,674 | €19,633 | €21,657 | ▲ 10.3% |
| Taxes, remuneration and social security45 | €24 | €1,191 | €1,135 | €9,060 | €20,316 | ▲ 124% |
| Taxes450/3 | €24 | €24 | €1,045 | €7,758 | €19,841 | ▲ 156% |
| Remuneration and social security454/9 | - | €1,167 | €90 | €1,301 | €475 | ▼ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,455 | €30,312 | €15,419 | €6,939 | -€12,133 | ▼ 275% |
| + Depreciation and write-downs630 | €3,518 | €4,348 | €2,320 | €2,307 | €1,674 | ▼ 27.4% |
| Operating cash flow (approximation) | €30,973 | €34,660 | €17,739 | €9,246 | -€10,460 | ▼ 213% |
| Investment in fixed assets (approximation) | - | -€2,350 | -€1,570 | -€1,270 | -€3,420 | ▼ 169% |
| Change in cash | - | -€20,003 | -€29,681 | €16,374 | -€11,814 | ▼ 172% |
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
Next filing, fiscal year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 54 days late
2025
31-12
Financial
Weakest financial yearnet -€12,133
Net result drops to -€12,133, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €30,312 ▲10.4%
Operating result €36,778, net result €30,312, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.84
Current ratio from 1.27 to 3.84; short-term debt falls from €87,694 to €13,336.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grez-Doiceau · 1 establishment unit since 2020
Ground area
8,061 m²
Building footprint
1,445 m²
Parcel 25001B0048/00F002, Wallonia. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
FLOOR SYSTEM
since 20202.314.217.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001B0048/00F002 | Wallonia | 8,061 m² | 1 · 1,445 m² | - |
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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Of 3,960 companies in sector 43331 we hold annual accounts for 1,787. 1,541 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
Founded23-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43331Floor and wall tiling
41001General construction of residential buildings
43120Site preparation
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43343Specialised construction activities
43410Roofing work
43422Screed work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756922969
Also
9925:BE0756922969
Registered
16-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.