Skip to content

FLS

Active
Private limited companyfounded 198837 yrs activeRue du Saulchoir(K) 1, 7540 Tournai, BelgiumKBO/BCE: BE 0436.370.336
Summary

FLS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,432) and a net result of €2,853. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 5% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
59 / 100
Fair
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 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
Age of the figures
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 5% of 7097 sector peers (2025).
NBB · sector comparison
Position among 7097 sector peers
Solvency
better than 5%
← 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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
1 d early
2023
8 d early
2022
10 d late
2021
19 d late
2020
18 d late
2019
16 d 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 8 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

FLS was incorporated on 28 December 1988.1 Total assets fell from EUR 95,438 in 2018 to EUR 4,948 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
-€5,432▲ 34.4%
2024 · -€8,284
Total assets
€4,948▲ 136%
2024 · €2,095
Net result
€2,853▲ 20.0%
2024 · €2,378
Working capital
-€6,873▲ 29.3%
2024 · -€9,726
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,470▼ 3.4%€3,278-€3,996€2,943€3,300▲ 12.2%
Net result-€1,857below the sector's middle half▼ 18.0%€2,868within the sector's middle half-€4,666below the sector's middle half€2,378within the sector's middle half€2,853within the sector's middle half▲ 20.0%
Equity-€8,864below the sector's middle half▼ 26.5%-€5,996below the sector's middle half▲ 32.4%-€10,663below the sector's middle half▼ 77.8%-€8,284below the sector's middle half▲ 22.3%-€5,432below the sector's middle half▲ 34.4%
Total assets€8,455below the sector's middle half▲ 0.3%€11,186below the sector's middle half▲ 32.3%€1,441below the sector's middle half▼ 87.1%€2,095below the sector's middle half▲ 45.4%€4,948below the sector's middle half▲ 136%
Debt€17,319▲ 12.2%€17,183▼ 0.8%€12,104▼ 29.6%€10,380▼ 14.2%€10,380=
Working capital-€10,553below the sector's middle half▼ 21.4%-€7,686below the sector's middle half▲ 27.2%-€9,726below the sector's middle half-€6,873below the sector's middle half▲ 29.3%
Solvency-104.8%below the sector's middle half▼ 21.7pp-53.6%below the sector's middle half▲ 51.2pp
Current ratio0.39below the sector's middle half▼ 0.050.55below the sector's middle half▲ 0.16
Return on assets (ROA)-22.0%below the sector's middle half▼ 3.3pp25.6%above the sector's middle half▲ 47.6pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0€2,000€4,000Operating result 2021: -€1,470-€1,470Net result 2021: -€1,857-€1,857Operating result 2022: €3,278€3,278Net result 2022: €2,868€2,868Operating result 2023: -€3,996-€3,996Net result 2023: -€4,666-€4,666Operating result 2024: €2,943€2,943Net result 2024: €2,378€2,378Operating result 2025: €3,300€3,300Net result 2025: €2,853€2,85320212022202320242025-€6,000-€4,000-€2,000€0€2,000€4,000Operating result 2023: -€3,996-€4,000Net result 2023: -€4,666-€4,670Operating result 2024: €2,943€2,940Net result 2024: €2,378€2,380Operating result 2025: €3,300€3,300Net result 2025: €2,853€2,850202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,948
Fixed assets €1,441 =
Current assets €3,506 ▲ 436%
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€10,380=
2024 · €10,380
Ratios withheld: a balance sheet total of €4,948 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.5% went bankrupt
5.3% stopped otherwise
91% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% 1.7%
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 75% 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 3,798 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 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,095€4,948▲
Fixed assets21/28€1,441€1,441=
Tangible fixed assets22/27€1,441€1,441=
Furniture and vehicles24€1,441€1,441=
Current assets29/58€654€3,506▲
Cash at bank and in hand54/58€654€3,506▲
Equity and liabilities
Total equity and liabilities10/49€2,095€4,948▲
Equity10/15-€8,284-€5,432▲
Contributions10/11€19,078€19,078=
Reserves13€56,755€56,755=
Distributable reserves133€56,755€56,755=
Profit (loss) carried forward14-€84,118-€81,265▲
Amounts payable17/49€10,380€10,380=
Amounts payable within one year42/48€10,380€10,380=
Other amounts payable47/48€10,380€10,380=
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€3,330€3,700▲
Operating profit (loss)9901€2,943€3,300▲
Financial charges65/66B€565€448▼
Recurring financial charges65€565€448▼
Profit (loss) for the period before taxes9903€2,378€2,853▲
Profit (loss) for the period9904€2,378€2,853▲
Profit (loss) for the period to be appropriated9905€2,378€2,853▲
Appropriation of the result
Profit (loss) to be appropriated9906-€84,118-€81,265▲
Profit (loss) brought forward from the previous period14P-€86,496-€84,118▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€348€371€384€387€400▲ 3.2%
Non-recurring operating charges66A--€364---
Gross operating margin9900-€1,122€3,649-€3,248€3,330€3,700▲ 11.1%
Operating profit (loss)9901-€1,470€3,278-€3,996€2,943€3,300▲ 12.2%
Financial charges65/66B€387€410€670€565€448▼ 20.7%
Recurring financial charges65€387€410€422€565€448▼ 20.7%
Non-recurring financial charges66B--€248---
Profit (loss) for the period before taxes9903-€1,857€2,868-€4,666€2,378€2,853▲ 20.0%
Profit (loss) for the period9904-€1,857€2,868-€4,666€2,378€2,853▲ 20.0%
Profit (loss) for the period to be appropriated9905-€1,857€2,868-€4,666€2,378€2,853▲ 20.0%
Line20212022202320242025Change
Assets
Total assets20/58€8,455€11,186€1,441€2,095€4,948▲ 136%
Fixed assets21/28€1,689€1,689€1,441€1,441€1,441=
Tangible fixed assets22/27€1,441€1,441€1,441€1,441€1,441=
Furniture and vehicles24€1,441€1,441€1,441€1,441€1,441=
Financial fixed assets28€248€248----
Current assets29/58€6,766€9,497-€654€3,506▲ 436%
Amounts receivable within one year40/41€6,210€5,488----
Trade receivables40€6,210€5,488----
Cash at bank and in hand54/58€556€4,009-€654€3,506▲ 436%
Equity and liabilities
Total equity and liabilities10/49€8,455€11,186€1,441€2,095€4,948▲ 136%
Equity10/15-€8,864-€5,996-€10,663-€8,284-€5,432▲ 34.4%
Contributions10/11€18,600€18,600€19,078€19,078€19,078=
Reserves13€57,233€57,233€56,755€56,755€56,755=
Non-distributable reserves130/1€478€478----
Reserves not available under the articles1311€478€478----
Distributable reserves133€56,755€56,755€56,755€56,755€56,755=
Profit (loss) carried forward14-€84,697-€81,830-€86,496-€84,118-€81,265▲ 3.4%
Amounts payable17/49€17,319€17,183€12,104€10,380€10,380=
Amounts payable within one year42/48€17,319€17,183€12,104€10,380€10,380=
Financial debts43--€2,309---
Credit institutions430/8--€2,309---
Other amounts payable47/48€17,319€17,183€9,795€10,380€10,380=
Line20212022202320242025Change
Profit (loss) for the period9904-€1,857€2,868-€4,666€2,378€2,853▲ 20.0%
Operating cash flow (approximation)-€1,857€2,868-€4,666€2,378€2,853▲ 20.0%
Investment in fixed assets (approximation)-€0€248€0€0-
Change in cash-€3,454--€2,853-

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €2,378
Net result €2,378 after one loss-making year.
23-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€4,666
Net result drops to -€4,666, the lowest in the series; recovery starts the following year.
10-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial Back to profitnet €2,868
Net result €2,868 after 2 loss-making years.
19-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
18-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
15-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €2,567
Net result €2,567 after one loss-making year.
02-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
06-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Tournai · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
4,386 m²
Building footprint
420 m²
Volume, LiDAR
4,127 m³
Parcel 57042C0542/00C000, Wallonia · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Saulchoir(K) 1, 7540 Tournai
NACE 7412401
since 19892.042.467.632
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57042C0542/00C000 Wallonia 4,386 m² 1 · 420 m² 13.8 m · 3 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.

Recognitions · licences · registrations

Legal Entity Identifier

5493002QC8NWOCQ7RX22
no longer live in the LEI register

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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