Fly Technologies
ActiveSummary
The computed 12-month bankruptcy probability of Fly Technologies is 1.6% (moderate). The 2025 annual accounts show equity of €15,856 and a net result of €24,781. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 1532 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+21
Solvency49▼-2
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.88 in 2024; short-term debt: 75.6% and cash: 27.3% of total assets), and 75.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
7 d late
2022
28 d late
2021
1 d late
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,856▲ 5.2%
2024 · €15,076
Total assets
€65,047▲ 10.2%
2024 · €59,000
Net result
€24,781▲ 390%
2024 · €5,058
Working capital
-€29,843▼ 494%
2024 · -€5,027
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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€25,660▲ 227%€8,137▼ 68.3%-€5,696€7,585€33,478▲ 341%
Net result€19,807within the sector's middle half▲ 243%€5,454within the sector's middle half▼ 72.5%-€5,709below the sector's middle half€5,058within the sector's middle half€24,781within the sector's middle half▲ 390%
Equity€35,573within the sector's middle half▲ 126%€41,027within the sector's middle half▲ 15.3%€35,318within the sector's middle half▼ 13.9%€15,076within the sector's middle half▼ 57.3%€15,856within the sector's middle half▲ 5.2%
Total assets€59,711below the sector's middle half▲ 125%€65,674below the sector's middle half▲ 10.0%€42,401below the sector's middle half▼ 35.4%€59,000below the sector's middle half▲ 39.1%€65,047below the sector's middle half▲ 10.2%
Debt€24,138▲ 124%€24,648▲ 2.1%€7,083▼ 71.3%€43,925▲ 520%€49,191▲ 12.0%
Working capital€3,512▲ 64.6%€11,789▲ 236%€5,444▼ 53.8%-€5,027-€29,843▼ 494%
Solvency59.6%above the sector's middle half▲ 0.2pp62.5%above the sector's middle half▲ 2.9pp83.3%above the sector's middle half▲ 20.8pp25.6%within the sector's middle half▼ 57.7pp24.4%within the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 341% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,047
Fixed assets
€45,700 ▲ 93.5%
Current assets
€19,347 ▼ 45.3%
Equity and liabilities €65,047
Equity
€15,856 ▲ 5.2%
Debt
€49,191 ▲ 12.0%
Debt's share of the balance-sheet total rises from 74.4% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39,138▲
2024 · €13,841
Cash flow
€30,441▲
2024 · €11,314
Current ratio
0.39▼
2024 · 0.88
Debt to equity
3.10▲
2024 · 2.91
ROE
156.3%▲
2024 · 33.6%
ROA
38.1%▲
2024 · 8.6%
Interest coverage
350.14▲
2024 · 220.29
Debt ≤ 1 year
€49,191▲
2024 · €40,410
Income taxes
€8,586▲
2024 · €2,465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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%.
| 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 6,706 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,396 | €5,651 | €6,423 | €6,256 | €5,660 | ▼ 9.5% |
| Other operating charges640/8 | - | €102 | €398 | €384 | €625 | ▲ 62.7% |
| Gross operating margin9900 | €29,258 | €13,890 | €1,125 | €14,225 | €39,764 | ▲ 180% |
| Operating profit (loss)9901 | €25,660 | €8,137 | -€5,696 | €7,585 | €33,478 | ▲ 341% |
| Financial income75/76B | - | - | €72 | €1 | - | - |
| Recurring financial income75 | - | - | €72 | €1 | - | - |
| Financial charges65/66B | - | €39 | €85 | €63 | €112 | ▲ 77.9% |
| Recurring financial charges65 | €62 | €39 | €85 | €63 | €112 | ▲ 77.9% |
| Profit (loss) for the period before taxes9903 | €25,598 | €8,098 | -€5,709 | €7,523 | €33,366 | ▲ 344% |
| Income taxes67/77 | €5,791 | €2,644 | - | €2,465 | €8,586 | ▲ 248% |
| Profit (loss) for the period9904 | €19,807 | €5,454 | -€5,709 | €5,058 | €24,781 | ▲ 390% |
| Profit (loss) for the period to be appropriated9905 | €19,807 | €5,454 | -€5,709 | €5,058 | €24,781 | ▲ 390% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,711 | €65,674 | €42,401 | €59,000 | €65,047 | ▲ 10.2% |
| Fixed assets21/28 | €32,061 | €29,238 | €29,873 | €23,618 | €45,700 | ▲ 93.5% |
| Tangible fixed assets22/27 | €32,061 | €29,238 | €29,607 | €23,352 | €21,879 | ▼ 6.3% |
| Land and buildings22 | - | €7,313 | €6,453 | €5,593 | €4,732 | ▼ 15.4% |
| Plant, machinery and equipment23 | - | €5,764 | €3,406 | €1,595 | €1,685 | ▲ 5.7% |
| Other tangible fixed assets26 | - | €16,161 | €19,749 | €16,164 | €15,462 | ▼ 4.3% |
| Financial fixed assets28 | - | - | €266 | €266 | €23,820 | ▲ 8,855% |
| Current assets29/58 | €27,650 | €36,436 | €12,528 | €35,383 | €19,347 | ▼ 45.3% |
| Amounts receivable within one year40/41 | €4,466 | €2,642 | €4,449 | €1,571 | €1,591 | ▲ 1.3% |
| Trade receivables40 | - | €2,160 | €3,967 | €1,016 | - | - |
| Other amounts receivable41 | - | €482 | €482 | €555 | €1,591 | ▲ 187% |
| Cash at bank and in hand54/58 | €23,002 | €33,794 | €8,079 | €32,994 | €17,756 | ▼ 46.2% |
| Deferred charges and accrued income490/1 | - | - | - | €818 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,711 | €65,674 | €42,401 | €59,000 | €65,047 | ▲ 10.2% |
| Equity10/15 | €35,573 | €41,027 | €35,318 | €15,076 | €15,856 | ▲ 5.2% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €25,573 | €31,027 | €25,318 | €5,076 | €5,856 | ▲ 15.4% |
| Amounts payable17/49 | €24,138 | €24,648 | €7,083 | €43,925 | €49,191 | ▲ 12.0% |
| Amounts payable within one year42/48 | €24,138 | €24,648 | €7,083 | €40,410 | €49,191 | ▲ 21.7% |
| Trade debts44 | €641 | €436 | €303 | €2,977 | €305 | ▼ 89.7% |
| Suppliers440/4 | - | €436 | €303 | €2,977 | €305 | ▼ 89.7% |
| Taxes, remuneration and social security45 | - | €5,161 | €322 | €6,539 | €14,494 | ▲ 122% |
| Taxes450/3 | - | €5,161 | €322 | €6,539 | €14,494 | ▲ 122% |
| Other amounts payable47/48 | - | €19,050 | €6,458 | €30,895 | €34,392 | ▲ 11.3% |
| Accrued charges and deferred income492/3 | - | - | - | €3,515 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,807 | €5,454 | -€5,709 | €5,058 | €24,781 | ▲ 390% |
| + Depreciation and write-downs630 | €3,396 | €5,651 | €6,423 | €6,256 | €5,660 | ▼ 9.5% |
| Operating cash flow (approximation) | €23,203 | €11,105 | €714 | €11,314 | €30,441 | ▲ 169% |
| Investment in fixed assets (approximation) | - | -€2,828 | -€7,058 | €0 | -€27,742 | - |
| Change in cash | - | €10,792 | -€25,715 | €24,915 | -€15,238 | ▼ 161% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €24,781 ▲390%
Operating result €33,478, net result €24,781, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €5,058
Net result €5,058 after one loss-making year.
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
30-06
Financial
Weakest financial yearnet -€5,709
Net result drops to -€5,709, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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.
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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, Schilde · 1 establishment unit since 2019
Ground area
2,540 m²
Building footprint
151 m²
Volume, LiDAR
935 m³
Parcel 11041B0483/00D002, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fly Technologies
since 20192.293.116.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0483/00D002 | Flanders | 2,540 m² | 1 · 151 m² | 14.9 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.
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Of 108 companies in sector 77350 we hold annual accounts for 71. 30 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
Founded21-08-2019
Fiscal year end30-06
Activities, NACEBEL 2025
77350Rental and leasing activities
33160Repair, maintenance and installation of machinery and equipment
51210Air transport
66210Risk and damage evaluation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732730476
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.