Losses
Every financial year from 2020 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2020 to 2025 closed with a loss. 2024 was the heaviest.
Short-term debts rose from €712 to €4,500.
Eight of the last ten came late. The 2020 accounts came latest: 628 days after the end of the period.
In July 2024, 8,617 companies had the same profile as FLOTIMO has now. Each dot stands for 22 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for FLOTIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
FLOTIMO files the micro format. That format states no turnover. The gross margin rose from -€5,147 in 2006 to €6,056 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €46,000. Estimated: probably between €21,000 and €110,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.4m | 1.4m | 232,399 | 152,624 | 187,010 | 190,356 | 191,903 | 186,518 | 178,804 | 172,679 | 165,079 | 197,538 | 172,070 | 173,212 | 152,256 | 155,025 | 157,222 | 158,527 | 164,109 | 168,007 | |
21/28 |
1.4m | 1.4m | 231,969 | 147,573 | 145,791 | 149,137 | 152,406 | 154,103 | 157,310 | 160,737 | 164,164 | 168,038 | 171,850 | 172,152 | 151,606 | 153,222 | 153,925 | 157,358 | 162,324 | 166,359 | |
21 |
1,642 | 2,203 | 2,763 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
1.4m | 1.4m | 229,207 | 147,573 | 145,791 | 149,137 | 152,406 | 154,103 | 157,310 | 160,737 | 164,164 | 168,038 | 171,850 | 172,152 | 151,606 | 153,222 | 153,925 | 157,358 | 162,324 | 166,359 | |
22 |
1.4m | 1.4m | 227,291 | 144,462 | 144,531 | 147,537 | 150,467 | 153,624 | 156,671 | 159,938 | 163,205 | 166,920 | 170,323 | 170,214 | 150,856 | 152,024 | 147,974 | 148,325 | 148,676 | 149,027 | |
24 |
3,989 | 720 | 1,916 | 3,111 | 1,260 | 1,600 | 1,940 | 479 | 639 | 799 | 959 | 1,118 | 1,528 | 1,938 | 749 | 1,199 | 397 | 596 | 1,117 | 669 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,554 | 8,437 | 12,531 | 16,663 | |
29/58 |
2,328 | 1,673 | 430 | 5,051 | 41,220 | 41,220 | 39,497 | 32,415 | 21,493 | 11,942 | 915 | 29,500 | 219 | 1,060 | 650 | 1,803 | 3,297 | 1,169 | 1,785 | 1,648 | |
40/41 |
- | - | - | 5,000 | 41,020 | 41,020 | 39,451 | 31,751 | 15,146 | 11,146 | - | - | - | - | - | - | - | - | - | - | |
41 |
- | - | - | 5,000 | 41,020 | 41,020 | 39,451 | 31,751 | 15,146 | 11,146 | - | - | - | - | - | - | - | - | - | - | |
54/58 |
993 | 973 | 430 | 51 | 200 | 200 | 46 | 664 | 6,348 | 796 | 915 | 29,500 | 219 | 1,060 | 650 | 1,803 | 3,297 | 1,169 | 1,785 | 1,648 | |
490/1 |
1,335 | 700 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.4m | 1.4m | 232,399 | 152,624 | 187,010 | 190,356 | 191,903 | 186,518 | 178,804 | 172,679 | 165,079 | 197,538 | 172,070 | 173,212 | 152,256 | 155,025 | 157,222 | 158,527 | 164,109 | 168,007 | |
10/15 |
1.1m | 1.2m | -16,256 | -5,426 | -5,328 | 513 | 7,808 | 1,136 | -4,818 | -11,200 | -18,371 | -21,568 | -25,570 | -27,671 | -23,783 | -23,444 | -23,809 | -23,573 | -20,693 | -18,622 | |
10/11 |
30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | |
100 |
- | - | - | - | - | - | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | 30,987 | |
12 |
1.1m | 1.2m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
81,940 | 40,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
81,940 | 40,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-145,334 | -97,827 | -47,243 | -36,412 | -36,315 | -30,474 | -23,179 | -29,851 | -35,805 | -42,186 | -49,358 | -52,555 | -56,556 | -58,658 | -54,770 | -54,431 | -54,796 | -54,560 | -51,680 | -49,609 | |
17/49 |
265,677 | 264,890 | 248,655 | 158,050 | 192,338 | 189,844 | 184,095 | 185,382 | 183,622 | 183,879 | 183,450 | 219,106 | 197,639 | 200,884 | 176,039 | 178,469 | 181,031 | 182,100 | 184,802 | 186,630 | |
17 |
261,178 | 264,178 | 247,931 | 157,931 | 182,517 | 182,517 | 182,517 | 182,517 | 182,517 | 182,517 | 182,517 | 195,169 | 195,169 | 199,569 | 175,269 | 177,769 | - | - | - | - | |
170/4 |
261,178 | 264,178 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | 247,931 | 157,931 | 182,517 | 182,517 | 182,517 | 182,517 | 182,517 | 182,517 | 182,517 | 195,169 | 195,169 | 199,569 | 175,269 | 177,769 | - | - | - | - | |
42/48 |
4,500 | 712 | 724 | 119 | 9,821 | 7,327 | 1,223 | 1,010 | 1,105 | 1,362 | 933 | 23,937 | 2,471 | 1,315 | 770 | 700 | 181,031 | 182,100 | 184,802 | 186,630 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | 466 | 466 | - | - | - | 180,519 | 181,319 | 184,077 | 186,318 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | 466 | 466 | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 180,519 | 181,319 | 184,077 | 186,318 | |
44 |
4,500 | 712 | 724 | 119 | 9,821 | 7,327 | 1,223 | 1,010 | 1,105 | 1,362 | 933 | 1,848 | 2,005 | 1,315 | 770 | 700 | 512 | 781 | 725 | 312 | |
440/4 |
4,500 | 712 | 724 | 119 | 9,821 | 7,327 | 1,223 | 1,010 | 1,105 | 1,362 | 933 | 1,848 | 2,005 | 1,315 | 770 | 700 | 512 | 781 | 725 | 312 | |
47/48 |
- | - | - | - | - | - | - | - | - | - | - | 21,623 | - | - | - | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | 355 | 1,854 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,200 | 8,500 | 8,500 | - | |
76A |
- | - | - | - | - | - | - | - | - | - | 9 | - | - | - | - | - | - | - | - | - | |
9900 |
6,056 | 3,401 | 3,737 | 4,224 | -1,239 | -423 | 12,257 | 12,008 | 12,664 | 13,739 | 10,063 | 11,224 | 9,202 | 2,753 | 4,153 | 5,361 | 5,936 | 4,771 | 4,958 | -5,147 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,264 | 3,729 | 3,542 | 5,147 | |
630 |
51,377 | 51,840 | 7,618 | 1,264 | 3,346 | 3,270 | 3,497 | 3,207 | 3,427 | 3,427 | 3,427 | 3,812 | 4,232 | 3,848 | 1,617 | 2,427 | 3,433 | 4,966 | 5,029 | 4,830 | |
631/4 |
- | - | 5,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
2,041 | 1,979 | 1,902 | 2,965 | 1,256 | 3,487 | 2,040 | 2,802 | 2,809 | 3,092 | 2,948 | 3,130 | 2,798 | 2,689 | 2,823 | 2,509 | 2,696 | 2,634 | 1,956 | 2,136 | |
66A |
- | - | - | - | - | - | - | - | - | - | 457 | - | - | - | - | - | - | - | - | - | |
9901 |
-47,361 | -50,418 | -10,783 | -6 | -5,840 | -7,179 | 6,721 | 6,000 | 6,428 | 7,221 | 3,688 | 4,282 | 2,172 | -3,784 | -287 | 425 | -193 | -2,829 | -2,027 | -12,113 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 | 0 | - | - | - | - | |
75 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 | 0 | - | - | - | - | |
65/66B |
146 | 166 | 48 | 92 | - | 117 | 49 | 45 | 47 | 49 | 43 | 280 | 70 | 104 | 54 | 60 | 43 | 51 | 44 | 16 | |
65 |
146 | 166 | 48 | 92 | - | 117 | 49 | 45 | 47 | 49 | 43 | 280 | 70 | 104 | 54 | 60 | 43 | 51 | 44 | 16 | |
9903 |
-47,507 | -50,584 | -10,831 | -98 | -5,840 | -7,296 | 6,672 | 5,954 | 6,381 | 7,171 | 3,197 | 4,002 | 2,102 | -3,888 | -339 | 365 | -236 | -2,880 | -2,071 | -12,129 | |
9904 |
-47,507 | -50,584 | -10,831 | -98 | -5,840 | -7,296 | 6,672 | 5,954 | 6,381 | 7,171 | 3,197 | 4,002 | 2,102 | -3,888 | -339 | 365 | -236 | -2,880 | -2,071 | -12,129 | |
789 |
- | 40,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-47,507 | -9,614 | -10,831 | -98 | -5,840 | -7,296 | 6,672 | 5,954 | 6,381 | 7,171 | 3,197 | 4,002 | 2,102 | -3,888 | -339 | 365 | -236 | -2,880 | -2,071 | -12,129 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-145,334 | -56,857 | -47,243 | -36,412 | -36,315 | -30,474 | -23,179 | -29,851 | -35,805 | -42,186 | -49,358 | -52,555 | -56,556 | -58,658 | -54,770 | -54,431 | -54,796 | -54,560 | -51,680 | -49,609 | |
14P |
-97,827 | -47,243 | -36,412 | -36,315 | -30,474 | -23,179 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 40,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | 40,970 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-08-2026.
2025 annual accounts filed 14 days after the deadline. Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00402658.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-08-2026 | 2026-00402658 | |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00378047 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00363918 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00115780 | |
| 31-12-2021 | micro format | 20-04-2023 | 2023-00061734 | |
| 31-12-2020 | micro format | 20-04-2023 | 2023-00061733 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77900262 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-38900062 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55500016 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-49100549 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-49500227 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-50800157 | |
| 31-12-2013 | abbreviated format | 31-08-2014 | 2014-52200501 | |
| 31-12-2012 | abbreviated format | 14-12-2013 | 2013-68500142 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-48300446 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-47800270 | |
| 31-12-2009 | abbreviated format | 24-08-2010 | 2010-44100161 | |
| 31-12-2008 | abbreviated format | 09-06-2009 | 2009-20800329 | |
| 31-12-2007 | abbreviated format | 10-04-2008 | 2008-10300389 | |
| 31-12-2006 | abbreviated format | 31-05-2007 | 2007-17500356 | |
| 31-12-2005 | abbreviated format | 07-06-2006 | 2006-20702012 | |
| 31-12-2004 | abbreviated format | 08-08-2005 | 2005-63501770 | |
| 31-12-2003 | abbreviated format | 08-08-2005 | 2005-63501758 | |
| 31-12-2002 | abbreviated format | 09-08-2005 | 2005-63604764 | |
| 31-12-2001 | abbreviated format | 15-11-2002 | 2002-72002173 | |
| 31-12-2000 | abbreviated format | 27-12-2001 | 2001-78500028 | |
| 31-12-1999 | abbreviated format | 17-07-2001 | 2001-39202136 | |
| 31-12-1998 | abbreviated format | 29-12-1999 | 1999-65501697 | |
| 31-12-1997 | abbreviated format | 01-10-1998 | 1998-50603145 | |
| 31-12-1996 | abbreviated format | 01-10-1998 | 1998-50603154 | |
| 31-12-1995 | abbreviated format | 01-10-1998 | 1998-50603118 | |
| 31-12-1994 | abbreviated format | 01-10-1998 | 1998-50603127 | |
| 31-12-1993 | abbreviated format | 01-10-1998 | 1998-50603136 | |
| 31-12-1992 | abbreviated format | 01-10-1998 | 1998-50603163 | |
| 31-12-1991 | abbreviated format | 01-10-1998 | 1998-50603172 | |
| 31-12-1990 | abbreviated format | 02-10-1998 | 1998-51001298 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,016 | 1,422 | -3,164 | 1,259 | -2,494 | -3,909 | 10,218 | 9,207 | 9,855 | 10,647 | 7,115 | 8,094 | 6,404 | 64 | 1,330 | 2,852 | 3,240 | 2,137 | 3,002 | -7,283 | ||
| 3,870 | 1,256 | -3,212 | 1,167 | -2,494 | -4,026 | 10,169 | 9,162 | 9,808 | 10,598 | 6,624 | 7,814 | 6,334 | -40 | 1,278 | 2,792 | 3,197 | 2,086 | 2,958 | -7,299 | ||
| 4,002 | 16,247 | 92,015 | 3,047 | 0 | 0 | 1,800 | 0 | 0 | 0 | -448 | 0 | 3,930 | 24,394 | -0 | 1,725 | 0 | 0 | 993 | - | ||
| 20 | 543 | 379 | -149 | 0 | 153 | -618 | -5,684 | 5,551 | -119 | -28,585 | 29,280 | -841 | 411 | -1,153 | -1,494 | 2,128 | -616 | 137 | - | ||
| -2,172 | 961 | -295 | 4,932 | 31,399 | 33,893 | 38,273 | 31,404 | 20,389 | 10,580 | -18 | 5,563 | -2,251 | -254 | -120 | 1,102 | -177,734 | -180,931 | -183,017 | -184,982 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.1% | -33.3% | -23.8% | - | ||
| 80.8% | 81.4% | -7.0% | -3.6% | -2.8% | 0.3% | 4.1% | 0.6% | -2.7% | -6.5% | -11.1% | -10.9% | -14.9% | -16.0% | -15.6% | -15.1% | -15.1% | -14.9% | -12.6% | -11.1% | ||
| 0.52 | 2.35 | 0.59 | 42.62 | 4.20 | 5.63 | 32.28 | 32.08 | 19.45 | 8.77 | 0.98 | 1.23 | 0.09 | 0.81 | 0.84 | 2.57 | 0.02 | 0.01 | 0.01 | 0.01 | ||
| 0.24 | 0.23 | - | - | - | - | 23.58 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -4.3% | -4.4% | - | - | - | - | 85.5% | 524.1% | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -3.4% | -3.5% | -4.7% | -0.1% | -3.1% | -3.8% | 3.5% | 3.2% | 3.6% | 4.2% | 1.9% | 2.0% | 1.2% | -2.2% | -0.2% | 0.2% | -0.2% | -1.8% | -1.3% | -7.2% | ||
| 27.49 | 8.54 | -65.88 | 13.65 | - | -33.54 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 57 days | 76 days | 75 days | 22 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,002 | €16,247 | €88,692 | €3,047 | - |
| Intangible fixed assets | - | - | €3,323 | - | - |
| €51,377 | €51,840 | €7,618 | €1,264 | €3,346 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €47,361, smaller than the loss of €50,418 in 2024.
Debt's share of the balance-sheet total rises from 18.6% to 19.2%. Equity is lower and debt is higher.
FLOTIMO has no parent and no holdings in its annual accounts. FLOTIMO shares no director with another company.
| HERMANS AFBRAAKWERKEN
registered office since 01-12-2020 · founded in 2001 · negative equity (2025) |
total assets €39,390 (2025) 0473.780.761 |
| Hermans Mat Agri Rent
registered office since 27-06-2011 · founded in 2011 |
total assets €27,482 (2025) 0838.687.734 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Kipdorpvest 21 registered office 2000 Antwerp |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11803C0011/00S002 | 795 m² | 1 · 294 m² | 17.9 m · 5 |
If something looks wrong or is missing, please tell us.