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Fly.high

Active
Private limited companyfounded 2024active for 1 yearvan Willigenstraat 6, 3560 Lummen, BelgiumKBO/BCE: BE 1017.181.392

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 03-07-2026 at the NBB

Turnover
≈ €95,000
Estimated: probably between €59,000 and €130,000
Total assets
€53,115
Net result
€29,574
Working capital
€30,141

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €53,115
Equity €29,741
Debt €23,375
Debt's share of the balance-sheet total is 44.0%.
Key figures and ratios
2025 value
Current ratio
2.31
Debt to equity
0.79
ROE
99.4%
ROA
55.7%
Debt ≤ 1 year
€22,975
Income taxes
€7,797

Comparable companies

These companies have the same main activity as Fly.high: other business support services (NACE 82990). They are comparable in size and age: total assets between €45,500 and €57,900, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Fly.high Lummen2024€53,115€29,741€38,256€29,5742025
Payroll Plus Consulting Tongeren-Borgloon2025€51,327€30,718€39,297€28,7182025
FE-NO Houthalen-Helchteren2025€51,735€28,123€36,509€27,1232025
SEMIR Oudsbergen2024€57,891€32,777€41,091€31,7772025
CULLT Oudsbergen2024€52,590€34,063€42,556€33,0632025
OJAM Solutions Oudsbergen2025€49,074€33,119€40,411€30,6192026
GeJo Consulting Bocholt2024€45,544€27,145€34,039€24,1452025

They were chosen from the 9,746 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as Fly.high has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of Fly.high itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the 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% 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 11,279 companies, not a prediction for Fly.high. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines

Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€53,115
Current assets29/58€53,115
Amounts receivable within one year40/41€10,536
Trade receivables40€10,536
Cash at bank and in hand54/58€41,341
Deferred charges and accrued income490/1€1,238
Equity and liabilities
Total equity and liabilities10/49€53,115
Equity10/15€29,741
Contributions10/11€1,000
Reserves13€28,741
Distributable reserves133€28,741
Amounts payable17/49€23,375
Amounts payable within one year42/48€22,975
Trade debts44€1,854
Suppliers440/4€1,854
Taxes, remuneration and social security45€19,047
Taxes450/3€19,047
Other amounts payable47/48€2,074
Accrued charges and deferred income492/3€400
Income statement Code2025
Other operating charges640/8€782
Gross operating margin9900€38,256
Operating profit (loss)9901€37,475
Financial charges65/66B€104
Recurring financial charges65€104
Profit (loss) for the period before taxes9903€37,371
Income taxes67/77€7,797
Profit (loss) for the period9904€29,574
Profit (loss) for the period to be appropriated9905€29,574
Appropriation of the result
Profit (loss) to be appropriated9906€29,574
Transfer to equity691/2€28,741
To other reserves6921€28,741
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Line2025
Other operating charges640/8€782
Gross operating margin9900€38,256
Operating profit (loss)9901€37,475
Financial charges65/66B€104
Recurring financial charges65€104
Profit (loss) for the period before taxes9903€37,371
Income taxes67/77€7,797
Profit (loss) for the period9904€29,574
Profit (loss) for the period to be appropriated9905€29,574
Line2025
Assets
Total assets20/58€53,115
Current assets29/58€53,115
Amounts receivable within one year40/41€10,536
Trade receivables40€10,536
Cash at bank and in hand54/58€41,341
Deferred charges and accrued income490/1€1,238
Equity and liabilities
Total equity and liabilities10/49€53,115
Equity10/15€29,741
Contributions10/11€1,000
Reserves13€28,741
Distributable reserves133€28,741
Amounts payable17/49€23,375
Amounts payable within one year42/48€22,975
Trade debts44€1,854
Suppliers440/4€1,854
Taxes, remuneration and social security45€19,047
Taxes450/3€19,047
Other amounts payable47/48€2,074
Accrued charges and deferred income492/3€400
Line2025
Profit (loss) for the period9904€29,574
Operating cash flow (approximation)€29,574

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 03-07-2026 2026-00253860 NBB

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