Checked.be
Active
BE 0894.648.321Private limited company
FLORCO
Binnenhof 2 ·8300 Knokke-Heist, Belgium· 18 yrs active
Conclusion
FLORCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €486k and a net result of €-134. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €486k |
| Net result | €-134 |
| Active | 18 yrs |
| Locations | 1 |
Financial profile
52
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
40
Profitability
0
Solvency
67
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
40
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€19k
estimate, not credit advice
Score history
56
2022
64
2023
56
2024
40
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.08 (< 1.0)
-10
Quick ratio
Quick ratio 0.08 (< 0.6)
-5
Leverage
Debt/equity 0.27 (< 1.0)
+10
Profitability
Negatieve ROE 0%
-10
Interest coverage
Interest coverage 22.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 07-11-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0.1%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€10k
-15.8%
22-25
€-134
-
22-25
€9k
-15.3%
22-25
€618k
-1.2%
22-25
€486k
0.0%
22-25
€-118k
+1.8%
22-25
€132k
-5.5%
22-25
€127k
-0.5%
22-25
€3k
-70.3%
22-25
0.08
+18.7%
22-25
0.08
+18.7%
22-25
78.6%
+1.2%
22-25
0.27
-5.4%
22-25
0.0%
-
22-25
0.0%
-
22-25
22.43
+11.2%
22-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | -15.8% | -1.8% | +1.4% | - |
| Net profit | - | -77.4% | +27.8% | - |
| Cash flow | -15.3% | -0.6% | +3.3% | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | -1.2% | -1.1% | -0.7% | - |
| Equity | 0.0% | +0.1% | +0.2% | - |
| Debt | -5.5% | -4.9% | -3.5% | - |
| of which ≤ 1y | -0.5% | +0.1% | +0.7% | - |
| of which > 1y | -70.3% | -40.8% | -28.5% | - |
| Working capital | +1.8% | +2.8% | -5.0% | - |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.08 | 0.07 | 0.04 | 0.08 |
| Quick ratio | 0.08 | 0.07 | 0.04 | 0.08 |
| Working capital ratio | -19.0% | -19.1% | -19.5% | -18.4% |
| Solvency | 78.6% | 77.6% | 76.7% | 76.0% |
| Debt / equity | 0.27 | 0.29 | 0.30 | 0.32 |
| Long-term debt ratio | 0.01 | 0.02 | 0.04 | 0.05 |
| Interest coverage | 22.43 | 20.16 | 16.52 | 12.78 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.0% | 0.0% | 0.2% | 0.1% |
| ROE | 0.0% | 0.1% | 0.2% | 0.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €618k | €626k | €633k | €637k |
| Fixed assets | 21/28 | €608k | €617k | €628k | €627k |
| Tangible fixed assets | 22/27 | €608k | €617k | €628k | €627k |
| Current assets | 29/58 | €10k | €8k | €5k | €10k |
| Amounts receivable within one year | 40/41 | €3k | €3k | €1k | €1k |
| Cash & bank | 54/58 | €7k | €5k | €3k | €8k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €618k | €626k | €633k | €637k |
| Equity | 10/15 | €486k | €486k | €486k | €484k |
| Contributions / capital | 10/11 | €142k | €142k | €142k | €142k |
| Reserves | 13 | €26k | €26k | €26k | €26k |
| Accumulated profits (losses) | 14 | €-118k | €-118k | €-118k | €-119k |
| Amounts payable | 17/49 | €132k | €140k | €147k | €153k |
| Amounts payable after one year | 17 | €3k | €10k | €17k | €24k |
| Amounts payable within one year | 42/48 | €127k | €128k | €128k | €127k |
| Trade debts payable within one year | 44 | €0 | €800 | €790 | - |
| Income statement | |||||
| Gross operating margin | 9900 | €15k | €16k | €16k | €17k |
| Operating result | 9901 | €293 | €824 | €2k | €2k |
| Financial charges | 65 | €426 | €563 | €700 | €892 |
| Result before taxes | 9903 | €-134 | €261 | €1k | €904 |
| Net result for the period | 9904 | €-134 | €261 | €1k | €904 |
| Result to be appropriated | 9905 | €-134 | €261 | €1k | €904 |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 31-12-2007 |
| Status | Active |
| Postal code | 8300 |
Establishment units
FLORCO
since 20082.168.625.535
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0231/00B000 | Flanders | 400 m² | 1 · 110 m² | 10.4 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-05
Financial
Weakest financial yearnet €-134 ▼151%
Net result drops to €-134, the lowest in the series.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-12
State Gazette act
Minor change
Statutes change · Stefanie DAUW
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-05
Financial
Highest result since 2022net €1k ▲27.8%
Operating result €2k, net result €1k, both a record.
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
08-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
29-12-2023 Publication in the Belgian Official Gazette, Minor change
Summary:
Statutes changeNotary:
Stefanie DAUW · Lo-Reninge
Technical details
{
"notary": {
"name": "Stefanie DAUW",
"firm_city": null,
"firm_name": null,
"office_city": "Lo-Reninge",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-29",
"filing_date": "2023-12-27",
"act_kind_objet": "ONTSLAGEN, BENOEMINGEN, DIVERSEN, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), WIJZIGING RECHTSVORM"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-22",
"unanimous": true
},
"agm_change": null,
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0894.648.321",
"name_full": "FLORCO",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": {
"role": "statutair bestuurder",
"organ": "raad_van_bestuur",
"person_name": "Nicole COPPENS"
},
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | FLORCO |