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FLYCO

Active
Private limited companyfounded 200323 years activeTernesselei 132, 2160 Wommelgem, BelgiumKBO/BCE: BE 0860.388.515
Summary

FLYCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €18,756. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 160 sector peers (NACE 51, fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Air transport
NACE 51100
#6 company by equity in the province of Antwerp, Air transport sector1 site
Size
€1.4mtotal assets 2024
Equity
€1.4m
Profit
€18,756
Turnover not published (abridged schema)
Financial health
83 Excellent Checked score 2024
Bankruptcy probability, 12 months
0.5%
Structure
Accounts 68 days overdue0 of 2 deeds read
Why 83- Figures for FY 2024 (filed 30-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late+ Founded in 2003+ Equity €1.4m (100.0% of total assets)Show the evidence

Checked score

Score 2024
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 58% of its sector peers (NACE 51, micro)
Financial strength · tick = 2023
Strong
Solvency 100=
equity 100.0% of total assets
Liquidity 59-19
short-term debt 0.0% · cash 7.5%
Profitability 41+23
return on assets 1.3%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (203 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.2 percentage points vs 09-2026highest value
Credit up to €110,000 at 30 days acceptable
short-term debt: 0% and cash: 7.5% of total assets, and 0% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 51, micro): better than 87% on solvency, 56% on liquidity, 34% on profitability and 54% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 30-09-2025)
NBB · annual accounts
lowers risk · Founded in 2003
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €1.4m (100.0% of total assets)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 days late
2023
62 days late
2022
91 days late
2021
78 days late
2020
89 days late
2019
119 days late
← 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 83 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €18,756
  3. Liquidity quadruplescurrent ratio 1103.84

Key points

  • Positive: Among the best 5% on solvencysector median 47.6% · 160 companies 100.0% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Total assets 20246 fiscal years filed €1.4m View

By topic

Financials

Fiscal year
2024
Total assets
€1.4m
Profit
€18,756
Solvency
100.0%
Total assets▲ 2.5%
Net result
20182024
Go to Financials

Timeline

Events
17
Since
2016
  1. 01-10-2024Annual accounts filed
  2. 30-10-2023Annual accounts filed
  3. 31-12-2022Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Air transportNACE 51100
Founded
08-09-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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