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FLOVATERC

Active
Private limited companyfounded 20241 yr activeAvenue des Frères Fleischman 51, 1410 Waterloo, BelgiumKBO/BCE: BE 1016.248.016
Summary

The computed 12-month bankruptcy probability of FLOVATERC is 1.9% (moderate). The 2025 annual accounts show equity of €2,395 and a net result of -€1,605. Its solvency ranks better than 13% of 4564 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability68
Solvency26
Growth-
Track record67
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.09; short-term debt: 83.4% and cash: 5.1% of total assets), and 99.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
0.7%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 4564 sector peers (2025).
NBB · sector comparison
Position among 4564 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FLOVATERC was incorporated on 15 November 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,395
Total assets
€338,739
Net result
-€1,605
Working capital
-€257,754

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €338,739
Fixed assets €314,045
Current assets €24,694
Equity and liabilities €338,739
Equity €2,395
Debt €336,344
Debt finances 99.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€56,551
Cash flow
€52,928
Current ratio
0.09
ROE
-67.0%
ROA
-0.5%
Interest coverage
29.34
Debt ≤ 1 year
€282,448
Debt > 1 year
€53,896
Income taxes
€1,697
A ratio outside any meaningful range has been withheld (balance sheet total €338,739, equity €2,395).

Peer companies

Historical observation

Of the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 280 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
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€338,739
Fixed assets21/28€314,045
Tangible fixed assets22/27€314,045
Land and buildings22€265,483
Furniture and vehicles24€21,910
Leasing and similar rights25€26,653
Current assets29/58€24,694
Amounts receivable within one year40/41€4,558
Trade receivables40€1,823
Other amounts receivable41€2,735
Cash at bank and in hand54/58€17,222
Deferred charges and accrued income490/1€2,914
Equity and liabilities
Total equity and liabilities10/49€338,739
Equity10/15€2,395
Contributions10/11€4,000
Profit (loss) carried forward14-€1,605
Amounts payable17/49€336,344
Amounts payable after more than one year17€53,896
Financial debts170/4€53,896
Amounts payable within one year42/48€282,448
Current portion of amounts payable after more than one year42€8,732
Trade debts44€2,697
Suppliers440/4€2,697
Taxes, remuneration and social security45€3,378
Taxes450/3€3,378
Other amounts payable47/48€267,640
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,533
Other operating charges640/8€2,803
Gross operating margin9900€59,354
Operating profit (loss)9901€2,018
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,927
Recurring financial charges65€1,927
Profit (loss) for the period before taxes9903€92
Income taxes67/77€1,697
Profit (loss) for the period9904-€1,605
Profit (loss) for the period to be appropriated9905-€1,605
Appropriation of the result
Profit (loss) to be appropriated9906-€1,605

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,533
Other operating charges640/8€2,803
Gross operating margin9900€59,354
Operating profit (loss)9901€2,018
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€1,927
Recurring financial charges65€1,927
Profit (loss) for the period before taxes9903€92
Income taxes67/77€1,697
Profit (loss) for the period9904-€1,605
Profit (loss) for the period to be appropriated9905-€1,605
Line2025
Assets
Total assets20/58€338,739
Fixed assets21/28€314,045
Tangible fixed assets22/27€314,045
Land and buildings22€265,483
Furniture and vehicles24€21,910
Leasing and similar rights25€26,653
Current assets29/58€24,694
Amounts receivable within one year40/41€4,558
Trade receivables40€1,823
Other amounts receivable41€2,735
Cash at bank and in hand54/58€17,222
Deferred charges and accrued income490/1€2,914
Equity and liabilities
Total equity and liabilities10/49€338,739
Equity10/15€2,395
Contributions10/11€4,000
Profit (loss) carried forward14-€1,605
Amounts payable17/49€336,344
Amounts payable after more than one year17€53,896
Financial debts170/4€53,896
Amounts payable within one year42/48€282,448
Current portion of amounts payable after more than one year42€8,732
Trade debts44€2,697
Suppliers440/4€2,697
Taxes, remuneration and social security45€3,378
Taxes450/3€3,378
Other amounts payable47/48€267,640
Line2025
Profit (loss) for the period9904-€1,605
+ Depreciation and write-downs630€54,533
Operating cash flow (approximation)€52,928

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
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, Waterloo · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
692 m²
Building footprint
132 m²
Volume, LiDAR
874 m³
Parcel 25764Q0290/00C000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
FLOVATERC
Avenue des Frères Fleischman 51, 1410 WaterlooUrban planning and landscape architecture
since 20242.366.937.679
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764Q0290/00C000 Wallonia 692 m² 1 · 132 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.

Similar companies · same sector, comparable size

Of 21,225 companies in sector 81300 we hold annual accounts for 4,366. 1,003 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
Founded15-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
71113Urban planning and landscape architecture
86931Psychology services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016248016
Registered 22-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.