FloTech Engineering
ActiveSummary
FloTech Engineering has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,230 and a net result of €18,811. Its solvency ranks better than 38% of 1235 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-1
Solvency61▲+12
Growth78
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.16 in 2023; short-term debt: 38.1% and cash: 28.5% of total assets), and 64.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer 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 2024Solvency, return and age of the figures
Solvency
35.9%
Return on assets
14.6%
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 26-06-2025, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€46,230▲ 68.6%
2023 · €27,419
Total assets
€128,764▲ 12.2%
2023 · €114,809
Net result
€18,811▲ 8.0%
2023 · €17,419
Working capital
€7,250▼ 0.9%
2023 · €7,316
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€23,915-€26,902▲ 12.5%
Net result€17,419-€18,811▲ 8.0%
Equity€27,419-€46,230▲ 68.6%
Total assets€114,809-€128,764▲ 12.2%
Debt€87,390-€82,534▼ 5.6%
Working capital€7,316-€7,250▼ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128,764
Fixed assets
€72,452 ▲ 18.1%
Current assets
€56,312 ▲ 5.4%
Equity and liabilities €128,764
Equity
€46,230 ▲ 68.6%
Debt
€82,534 ▼ 5.6%
Debt's share of the balance-sheet total falls from 76.1% to 64.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46,270▲
2023 · €33,951
Cash flow
€38,179▲
2023 · €27,455
Current ratio
1.15▼
2023 · 1.16
Debt to equity
1.79▼
2023 · 3.19
ROE
40.7%▼
2023 · 63.5%
ROA
14.6%▼
2023 · 15.2%
Interest coverage
19.79▼
2023 · 21.16
Debt ≤ 1 year
€49,062▲
2023 · €46,120
Debt > 1 year
€33,472▼
2023 · €41,270
Income taxes
€5,753▲
2023 · €4,891
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,036 | €19,368 | ▲ 93.0% |
| Other operating charges640/8 | €437 | €582 | ▲ 33.4% |
| Gross operating margin9900 | €34,387 | €46,853 | ▲ 36.3% |
| Operating profit (loss)9901 | €23,915 | €26,902 | ▲ 12.5% |
| Financial charges65/66B | €1,604 | €2,338 | ▲ 45.7% |
| Recurring financial charges65 | €1,604 | €2,338 | ▲ 45.7% |
| Profit (loss) for the period before taxes9903 | €22,310 | €24,564 | ▲ 10.1% |
| Income taxes67/77 | €4,891 | €5,753 | ▲ 17.6% |
| Profit (loss) for the period9904 | €17,419 | €18,811 | ▲ 8.0% |
| Profit (loss) for the period to be appropriated9905 | €17,419 | €18,811 | ▲ 8.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €114,809 | €128,764 | ▲ 12.2% |
| Fixed assets21/28 | €61,373 | €72,452 | ▲ 18.1% |
| Tangible fixed assets22/27 | €61,373 | €72,452 | ▲ 18.1% |
| Plant, machinery and equipment23 | - | €898 | - |
| Furniture and vehicles24 | €61,373 | €67,715 | ▲ 10.3% |
| Other tangible fixed assets26 | - | €3,839 | - |
| Current assets29/58 | €53,436 | €56,312 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €24,841 | €18,381 | ▼ 26.0% |
| Trade receivables40 | €24,732 | €18,025 | ▼ 27.1% |
| Other amounts receivable41 | €109 | €356 | ▲ 228% |
| Cash at bank and in hand54/58 | €27,605 | €36,736 | ▲ 33.1% |
| Deferred charges and accrued income490/1 | €990 | €1,195 | ▲ 20.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €114,809 | €128,764 | ▲ 12.2% |
| Equity10/15 | €27,419 | €46,230 | ▲ 68.6% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | €17,419 | €36,230 | ▲ 108% |
| Distributable reserves133 | €17,419 | €36,230 | ▲ 108% |
| Amounts payable17/49 | €87,390 | €82,534 | ▼ 5.6% |
| Amounts payable after more than one year17 | €41,270 | €33,472 | ▼ 18.9% |
| Financial debts170/4 | €41,270 | €33,472 | ▼ 18.9% |
| Amounts payable within one year42/48 | €46,120 | €49,062 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | €11,382 | €15,139 | ▲ 33.0% |
| Trade debts44 | €463 | €399 | ▼ 13.8% |
| Suppliers440/4 | €463 | €399 | ▼ 13.8% |
| Taxes, remuneration and social security45 | €8,149 | €6,214 | ▼ 23.7% |
| Taxes450/3 | €6,095 | €4,350 | ▼ 28.6% |
| Remuneration and social security454/9 | €2,053 | €1,864 | ▼ 9.2% |
| Other amounts payable47/48 | €26,126 | €27,311 | ▲ 4.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,419 | €18,811 | ▲ 8.0% |
| + Depreciation and write-downs630 | €10,036 | €19,368 | ▲ 93.0% |
| Operating cash flow (approximation) | €27,455 | €38,179 | ▲ 39.1% |
| Investment in fixed assets (approximation) | - | -€30,447 | - |
| Change in cash | - | €9,132 | - |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Asse · 1 establishment unit since 2023
Ground area
759 m²
Building footprint
145 m²
Volume, LiDAR
758 m³
Parcel 23002H0761/00T000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FloTech Engineering
since 20232.343.263.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002H0761/00T000 | Flanders | 759 m² | 1 · 145 m² | 8.5 m · 2 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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Of 2,856 companies in sector 18130 we hold annual accounts for 832. 683 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
Founded14-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
25999Manufacture of fabricated metal products, except machinery and equipment
28990Manufacture of machinery and equipment not elsewhere classified
71121Engineering and related technical consultancy, excluding land surveyors
74140Other specialised design activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.