FLUGIA
InactiveFLUGIA was declared bankrupt on 17-10-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 07-10-2025, published in the Belgian State Gazette on 14-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 30-04-2022, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
on the day
2020
32 d late
2019
264 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, full schema
Turnover
€220k
EBIT margin
16.4%
Net result
€-247k▲ 86.6%
2020 · €-1.84M
2018: €2k
2019: €-469k
2020: €-1.84M
2018 → 2021
Working capital
€-718k▼ 21.7%
2020 · €-590k
2018: €-672k
2019: €-1.17M
2020: €-590k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€220k-
Equity€1.82M-€1.35M▼ 25.8%€-495k€-742k▼ 49.9%
Operating result€36k-€-380k€917k€-284k
Net result€2k-€-469k€-1.84M▼ 293%€-247k▲ 86.6%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €284k after €917k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €444k
Fixed assets
€119k =
Current assets
€325k ▼ 49.1%
Key figures and ratios
Solvency
-167.1%▼
2020 · -65.4%
Current ratio
0.31▼
2020 · 0.52
Debt to equity
-1.44▼
2020 · -0.05
ROA
-55.6%▲
2020 · -243.5%
Debt
€1.07M▼
2020 · €1.25M
Debt ≤ 1 year
€1.04M▼
2020 · €1.23M
Debt > 1 year
€24k=
2020 · €24k
Income taxes
€-125k▼
2020 · €237k
Staff costs
€112k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 50 lines
Balance sheet
Code20202021
Assets
Total assets20/58€757k€444k▼
Fixed assets21/28€119k€119k=
Financial fixed assets28€119k€119k=
Current assets29/58€639k€325k▼
Amounts receivable after more than one year29-€250k
Other amounts receivable291-€250k
Amounts receivable within one year40/41€376k€52k▼
Trade receivables40-€9k
Other amounts receivable41-€44k
Cash at bank and in hand54/58€263k€20k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€757k€444k▼
Equity10/15€-495k€-742k▼
Contributions10/11€1.20M€1.20M=
Capital10-€1.20M
Issued capital100-€1.20M
Reserves13€50k€50k=
Non-distributable reserves130/1-€50k
Legal reserve130-€50k
Profit (loss) carried forward14€-1.75M€-1.99M▼
Provisions and deferred taxes16-€119k
Provisions for liabilities and charges160/5-€119k
Other liabilities and charges164/5-€119k
Amounts payable17/49€1.25M€1.07M▼
Amounts payable after more than one year17€24k€24k=
Other amounts payable178/9-€24k
Amounts payable within one year42/48€1.23M€1.04M▼
Trade debts44€264k€60k▼
Suppliers440/4-€60k
Taxes, remuneration and social security45-€706k
Taxes450/3-€688k
Remuneration and social security454/9-€18k
Other amounts payable47/48-€277k
Income statement
Code20202021
Remuneration, social security and pensions62-€112k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8-€766
Non-recurring operating charges66A-€119k
Gross operating margin9900€1.06M€-50k▼
Operating profit (loss)9901€917k€-284k▼
Financial income75/76B-€10k
Recurring financial income75€518€10k▲
Financial charges65/66B-€98k
Recurring financial charges65€127k€98k▼
Profit (loss) for the period before taxes9903€-1.61M€-372k▲
Income taxes67/77€237k€-125k▼
Profit (loss) for the period9904€-1.84M€-247k▲
Profit (loss) for the period to be appropriated9905€-1.84M€-247k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-1.99M
Profit (loss) brought forward from the previous period14P-€-1.75M
Social balance
Average headcount (FTE)9087-1.5
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · FLUGIA NV MARSVELDPLEIN 5 5, 1050 ELSENE · event 07-10-2025
2024
27-09
KBO administration
Address struck
2023
23-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · FLUGIA NV MARSVELD- PLEIN 5 5, 1050 ELSENE · event 17-10-2023
2022
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · amiable · event 30-06-2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 32 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 264 days late
2020
30-09
Financial
Weakest financial yearnet €-1.84M
Net result drops to €-1.84M, the lowest in the series.
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 acts for this company are 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
17-10-2023 → 07-10-2025 |
Company data · Crossroads Bank
Identification
Legal formNV
Fiscal year end30-09
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filings
Scores and ratios are computed by Checked and are not a credit decision.