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FLUKSO

Active
Private limited companyfounded 2011active for 15 yearsJules Vandenbemptlaan 15, 3001 Leuven, BelgiumKBO/BCE: BE 0837.612.321
Summary

FLUKSO has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €409,188 and a net result of €71,906. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 88% of 11,632 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00533636.

Turnover
€198,119▲ 168%
2020 · €73,810
EBIT margin
68.3%▲ 28.1pp
2020 · 40.2%
Net result
€71,906▼ 16.2%
2024 · €85,834
Working capital
€316,632▼ 35.5%
2024 · €490,824
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€198,119 2021 Operating result€95,632 2025 Net result€71,906 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€102,821-€130,648▲ 27.1%€73,810▼ 43.5%€198,119▲ 168%
Operating result€40,424-€88,072▲ 118%€29,660▼ 66.3%€135,261▲ 356%€150,769▲ 11.5%€170,123▲ 12.8%€115,330▼ 32.2%€95,632▼ 17.1%
Net result€25,105-€69,297▲ 176%€20,631within the sector's middle half▼ 70.2%€108,639above the sector's middle half▲ 427%€117,086above the sector's middle half▲ 7.8%€132,257above the sector's middle half▲ 13.0%€85,834above the sector's middle half▼ 35.1%€71,906above the sector's middle half▼ 16.2%
EBIT margin39.3%-67.4%▲ 28.1pp40.2%▼ 27.2pp68.3%▲ 28.1pp
Equity€124,374-€163,671▲ 31.6%€177,302above the sector's middle half▲ 8.3%€246,759above the sector's middle half▲ 39.2%€310,681above the sector's middle half▲ 25.9%€411,938above the sector's middle half▲ 32.6%€497,772above the sector's middle half▲ 20.8%€409,188above the sector's middle half▼ 17.8%
Total assets€203,363-€214,998▲ 5.7%€224,190within the sector's middle half▲ 4.3%€313,152within the sector's middle half▲ 39.7%€393,231above the sector's middle half▲ 25.6%€518,401above the sector's middle half▲ 31.8%€603,061above the sector's middle half▲ 16.3%€469,722above the sector's middle half▼ 22.1%
Debt€78,989-€51,327▼ 35.0%€46,888▼ 8.6%€66,393▲ 41.6%€82,551▲ 24.3%€106,463▲ 29.0%€105,288▼ 1.1%€60,534▼ 42.5%
Working capital€173,396-€160,624▼ 7.4%€175,533above the sector's middle half▲ 9.3%€245,515above the sector's middle half▲ 39.9%€293,068above the sector's middle half▲ 19.4%€400,174above the sector's middle half▲ 36.5%€490,824above the sector's middle half▲ 22.7%€316,632above the sector's middle half▼ 35.5%
Solvency61.2%-76.1%▲ 15.0pp79.1%above the sector's middle half▲ 3.0pp78.8%above the sector's middle half▼ 0.3pp79.0%above the sector's middle half▲ 0.2pp79.5%above the sector's middle half▲ 0.5pp82.5%above the sector's middle half▲ 3.1pp87.1%above the sector's middle half▲ 4.6pp
Current ratio7.09-4.16▼ 2.934.78above the sector's middle half▲ 0.634.72above the sector's middle half▼ 0.064.80above the sector's middle half▲ 0.074.97above the sector's middle half▲ 0.175.88above the sector's middle half▲ 0.916.70above the sector's middle half▲ 0.82
Return on assets (ROA)12.3%-32.2%▲ 19.9pp9.2%within the sector's middle half▼ 23.0pp34.7%above the sector's middle half▲ 25.5pp29.8%above the sector's middle half▼ 4.9pp25.5%above the sector's middle half▼ 4.3pp14.2%within the sector's middle half▼ 11.3pp15.3%within the sector's middle half▲ 1.1pp
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €469,722
Fixed assets €97,519 ▲ 737%
Current assets €372,203 ▼ 37.1%
Equity and liabilities €469,722
Equity €409,188 ▼ 17.8%
Debt €60,534 ▼ 42.5%
Debt's share of the balance-sheet total falls from 17.5% to 12.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€101,616▼
2024 · €120,987
Cash flow
€77,890▼
2024 · €91,490
Debt to equity
0.15▼
2024 · 0.21
ROE
17.6%▲
2024 · 17.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€55,571▼
2024 · €100,580
Income taxes
€29,043▼
2024 · €35,702
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
3.2% stopped otherwise
96.5% still going

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€603,061€469,722▼
Fixed assets21/28€11,657€97,519▲
Tangible fixed assets22/27€11,637€97,499▲
Furniture and vehicles24€11,637€7,795▼
Other tangible fixed assets26-€89,704
Financial fixed assets28€20€20=
Current assets29/58€591,404€372,203▼
Amounts receivable after more than one year29€200,000-
Other amounts receivable291€200,000-
Amounts receivable within one year40/41€17,485€1,276▼
Trade receivables40€17,485-
Other amounts receivable41-€1,276
Current investments50/53€80,278€336,380▲
Cash at bank and in hand54/58€293,641€34,546▼
Equity and liabilities
Total equity and liabilities10/49€603,061€469,722▼
Equity10/15€497,772€409,188▼
Contributions10/11€12,400€12,400=
Reserves13€485,372€396,788▼
Distributable reserves133€485,372€396,788▼
Amounts payable17/49€105,288€60,534▼
Amounts payable within one year42/48€100,580€55,571▼
Trade debts44€13,486€1,715▼
Suppliers440/4€13,486€1,715▼
Taxes, remuneration and social security45€37,787€21,422▼
Taxes450/3€37,787€21,422▼
Other amounts payable47/48€49,307€32,434▼
Accrued charges and deferred income492/3€4,709€4,963▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,656€5,984▲
Other operating charges640/8€576€644▲
Gross operating margin9900€121,562€102,261▼
Operating profit (loss)9901€115,330€95,632▼
Financial income75/76B€6,303€5,385▼
Recurring financial income75€6,303€5,385▼
Non-recurring financial income76B€6,303€5,385▼
Financial charges65/66B€97€69▼
Recurring financial charges65€97€69▼
Profit (loss) for the period before taxes9903€121,536€100,949▼
Income taxes67/77€35,702€29,043▼
Profit (loss) for the period9904€85,834€71,906▼
Profit (loss) for the period to be appropriated9905€85,834€71,906▼
Appropriation of the result
Profit (loss) to be appropriated9906€85,834€71,906▼
Transfer from equity791/2-€160,490
Transfer to equity691/2€85,834€71,906▼
To other reserves6921€85,834€71,906▼
Profit to be distributed694/7-€160,490
Return on contributions (dividend)694-€160,490

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Turnover70€102,821€130,648€73,810€198,119-----
Goods, raw materials, services and sundry goods60/61---€61,548-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,154€1,722€1,274€993€5,242€6,126€5,656€5,984▲ 5.8%
Other operating charges640/8---€316€1,099€571€576€644▲ 12.0%
Gross operating margin9900€42,859€90,257€31,374€136,570€157,111€176,820€121,562€102,261▼ 15.9%
Operating profit (loss)9901€40,424€88,072€29,660€135,261€150,769€170,123€115,330€95,632▼ 17.1%
Financial income75/76B---€4,583€2,264€5,384€6,303€5,385▼ 14.6%
Recurring financial income75€416€0€33€4,583€2,264€5,384€6,303€5,385▼ 14.6%
Non-recurring financial income76B------€6,303€5,385▼ 14.6%
Financial charges65/66B---€267€745€46€97€69▼ 29.6%
Recurring financial charges65€2,879€2,390€3,142€267€745€46€97€69▼ 29.6%
Profit (loss) for the period before taxes9903€37,961€85,683€26,551€139,577€152,289€175,461€121,536€100,949▼ 16.9%
Income taxes67/77€12,856€16,385€5,921€30,938€35,203€43,203€35,702€29,043▼ 18.7%
Profit (loss) for the period9904€25,105€69,297€20,631€108,639€117,086€132,257€85,834€71,906▼ 16.2%
Profit (loss) for the period to be appropriated9905€25,105€69,297€20,631€108,639€117,086€132,257€85,834€71,906▼ 16.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€203,363€214,998€224,190€313,152€393,231€518,401€603,061€469,722▼ 22.1%
Fixed assets21/28€1,511€3,523€2,270€1,721€22,978€17,313€11,657€97,519▲ 737%
Tangible fixed assets22/27€1,511€3,523€2,250€1,701€22,958€17,293€11,637€97,499▲ 738%
Furniture and vehicles24---€1,701€22,958€17,293€11,637€7,795▼ 33.0%
Other tangible fixed assets26-------€89,704-
Financial fixed assets28--€20€20€20€20€20€20=
Current assets29/58€201,852€211,474€221,920€311,431€370,253€501,089€591,404€372,203▼ 37.1%
Amounts receivable after more than one year29---€80,000€80,000€200,000€200,000--
Other amounts receivable291---€80,000€80,000€200,000€200,000--
Stocks and contracts in progress3€15,597€10,767€5,371€6,336€3,297----
Stocks30/36---€6,336€3,297----
Amounts receivable within one year40/41€16,936€7,472€16,081€38,941€36,619€19,694€17,485€1,276▼ 92.7%
Trade receivables40---€38,941€36,619€19,694€17,485--
Other amounts receivable41-------€1,276-
Current investments50/53--€107,873€80,278€80,278€80,278€80,278€336,380▲ 319%
Cash at bank and in hand54/58€169,319€193,235€12,596€105,876€170,059€201,117€293,641€34,546▼ 88.2%
Equity and liabilities
Total equity and liabilities10/49€203,363€214,998€224,190€313,152€393,231€518,401€603,061€469,722▼ 22.1%
Equity10/15€124,374€163,671€177,302€246,759€310,681€411,938€497,772€409,188▼ 17.8%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400€12,400=
Reserves13€111,974€151,271€164,902€234,359€298,281€399,538€485,372€396,788▼ 18.3%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€232,499€296,421€399,538€485,372€396,788▼ 18.3%
Amounts payable17/49€78,989€51,327€46,888€66,393€82,551€106,463€105,288€60,534▼ 42.5%
Amounts payable after more than one year17€50,000--------
Amounts payable within one year42/48€28,457€50,850€46,387€65,916€77,186€100,914€100,580€55,571▼ 44.7%
Trade debts44€2,930€3,615€4,052€4,012€5,287€4,497€13,486€1,715▼ 87.3%
Suppliers440/4---€4,012€5,287€4,497€13,486€1,715▼ 87.3%
Taxes, remuneration and social security45---€23,933€34,130€52,563€37,787€21,422▼ 43.3%
Taxes450/3---€23,933€34,130€52,563€37,787€21,422▼ 43.3%
Other amounts payable47/48---€37,971€37,769€43,855€49,307€32,434▼ 34.2%
Accrued charges and deferred income492/3---€477€5,365€5,549€4,709€4,963▲ 5.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€25,105€69,297€20,631€108,639€117,086€132,257€85,834€71,906▼ 16.2%
+ Depreciation and write-downs630€2,154€1,722€1,274€993€5,242€6,126€5,656€5,984▲ 5.8%
Operating cash flow (approximation)€27,260€71,019€21,904€109,633€122,328€138,383€91,490€77,890▼ 14.9%
Investment in fixed assets (approximation)--€3,735-€20-€445-€26,500-€460€0-€91,847-
Change in cash-€23,916-€180,639€93,280€64,183€31,058€92,525-€259,095-

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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Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 30-09-2026 2026-00533636
31-12-2024 micro format 29-08-2025 2025-00431127
31-12-2023 micro format 22-09-2024 2024-00467475
31-12-2022 micro format 09-10-2023 2023-00477467
31-12-2021 micro format 30-10-2022 2022-20477596
31-12-2020 micro format 28-09-2021 2021-69300431
31-12-2019 micro format 26-09-2020 2020-56400067
31-12-2018 micro format 30-08-2019 2019-59000428
31-12-2017 micro format 14-09-2018 2018-63100205
31-12-2016 micro format 28-08-2017 2017-50900498

Show all 14 filings

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