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Floren en Cie

Active
Public limited companyfounded 1968active for 58 yearsVaartkant Rechts 4, 2960 Brecht, BelgiumKBO/BCE: BE 0403.717.562
Summary

Floren en Cie has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.9m and a net result of -€120,025. Equity is growing by about 8% per year across the filed financial years. Its solvency ranks better than 73% of 364 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
Floren en CieActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23321
3rd largest company by total assets in Brecht, Manufacturing sector1 site
Size
€5.1mturnover 2025
Staff
24.3 FTE
Equity
€6.9m
Loss
-€120,025
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
CORSWAREM · 100%
Auditor: VGD Bedrijfsrevisoren2025 accounts 21 days early6 of 15 deeds summarised
Why 90raises riskLiquidity: current ratio 4.18, cash €71,735, halvedLoss of €120,025 (financial year 2025)lowers riskSize: turnover €5.1m, 24.3 FTE, total assets €10.2mFounded in 1968Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 23, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 93-7
equity 67.9% of total assets
Liquidity 51+5
short-term debt 10.2% · cash 0.7%
Profitability 61-18
return on assets -1.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (233 companies, NACE 23, small)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.18, compared with 1.86 in 2024, above the usual 1.5; short-term debt: 10.2% and cash: 0.7% of total assets), and 32.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 23, small): better than 74% on solvency, 65% on liquidity, 34% on profitability and 27% on growth.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 4.18, cash €71,735, halved
NBB · annual accounts
lowers risk · Size: turnover €5.1m, 24.3 FTE, total assets €10.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €120,025 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
15 days early
2023
23 days early
2022
35 days early
2021
34 days early
2020
36 days early
2019
92 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median (NACE 23) for financial year 2024 is 9 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Tina Burm ·…
  3. Resignation: Peter Sharp (director)Appointment: Rachel Warren (director)

Key points

  • Caution: From profit to loss in 2025after €732,624 in 2024 -€120,025 View
  • Positive: 3rd largest company by total assets in Brecht, Manufacturing sectorin the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by CORSWAREMultimately: MICHELMERSH BRICK HOLDINGS PLC 100% View
  • Board changedlatest change 07-04-2026 · 2 in office 1 joined · 1 left View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Turnover
€5.1m
Loss
-€120,025
Solvency
67.9%
Go to Financials

Board & ownership

Board
2 members
Parent
CORSWAREM · 100%
Auditor
VGD Bedrijfsrevisoren
  • MAHONEY RyanDirector
  • Anthony John MorrisDirector
Go to Board & ownership

Network & group

Group
MICHELMERSH BRICK HOLDINGS PLC
Connected companies
1
Mergers and asset contributions
1
Go to Network & group

Timeline

Events
60
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 31-12-2025Liquidity more than doubled
  3. 05-08-2025Resignation: Joris Mertens (gedelegeerd tot het dagelijks…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23321
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
42
Purpose
“Alle industriële,handels- en financiële verrichtingen welke in verbinding staan met het…” (deed in Dutch)
Go to Articles of association

Key facts about Floren en Cie

What is the company number of Floren en Cie?
0403.717.562. In Belgium the VAT number is the company number with BE in front: BE 0403.717.562.
Where is Floren en Cie based?
The registered office is at Vaartkant Rechts 4, 2960 Brecht.Company details
What does Floren en Cie do?
According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23321).
What is the legal form of Floren en Cie?
Public limited company (NV).
When was Floren en Cie founded?
On 01-01-1968.
Is Floren en Cie still active?
Yes, Floren en Cie is an active enterprise in the KBO register.
How many employees does Floren en Cie have?
On average 24.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Floren en Cie?
€5.1m in financial year 2025, according to the filed annual accounts.
Is Floren en Cie profitable?
In financial year 2025, Floren en Cie made a loss of €120,025.
Where can I find the annual accounts of Floren en Cie?
Floren en Cie filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Floren en Cie due?
By 31-07-2027, for financial year 2026.Timeline

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