Flyerco I
Judicial reorganisationSummary
The file of Flyerco I contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €22.9m and a net result of -€21,734. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 95% of 851 sector peers (NACE 52, financial year 2025).
Financials · financial year 2025, full format
In the rankings
#1 company by total assets in Bornem, Transport and storage sector#1 company by equity in Bornem, Transport and storage sector#1 oldest company in Bornem, Transport and storage sector
2025 annual accounts filed late (42 days) Filed on 11 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512405.
Turnover
€14.3m▼ 29.2%
2021 · €20.1m
EBIT margin
48.6%▲ 47.4pp
2021 · 1.2%
Net result
-€21,734
2024 · €12,273
Working capital
€22.9m▼ 0.1%
2024 · €23.0m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €17,456 after €35,855 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€14.3m
2022
Operating result-€0.02m
2025
Net result-€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€23.0m
2025
Equity€22.9m
2025
Debt€0.02m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€22.9m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin48.6%
2022
Return on assets (ROA)-0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency99.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio61.29
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)162.1
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 52, Warehousing and support activities for transportation: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€24.6m-€25.8m▲ 4.8%€22.6m▼ 12.5%€20.1m▼ 10.8%€14.3m▼ 29.2%
Operating result€1.3m-€2.2m▲ 65.5%€2.5m▲ 15.7%€0.2m▼ 90.5%€6.9m▲ 2,800%-€0.04m€0.04m-€0.02m
Net result-€2.0m-€1.8m€1.5mabove the sector's middle half▼ 20.1%€0.7mwithin the sector's middle half▼ 55.0%€6.2mabove the sector's middle half▲ 842%-€0.09mbelow the sector's middle half€0.01mwithin the sector's middle half-€0.02mbelow the sector's middle half
EBIT margin5.3%-8.4%▲ 3.1pp11.1%▲ 2.7pp1.2%▼ 9.9pp48.6%▲ 47.4pp
Equity€12.8m-€14.7m▲ 14.4%€16.1mabove the sector's middle half▲ 10.1%€16.8mabove the sector's middle half▲ 4.1%€23.0mabove the sector's middle half▲ 37.2%€22.9mabove the sector's middle half▼ 0.4%€23.0mabove the sector's middle half▲ 0.1%€22.9mabove the sector's middle half▼ 0.1%
Total assets€29.4m-€34.1m▲ 16.0%€27.9mabove the sector's middle half▼ 18.1%€25.0mabove the sector's middle half▼ 10.3%€25.7mabove the sector's middle half▲ 2.7%€24.2mabove the sector's middle half▼ 5.8%€23.3mabove the sector's middle half▼ 3.6%€23.0mabove the sector's middle half▼ 1.6%
Debt€13.2m-€17.7m▲ 34.3%€11.7m▼ 33.9%€8.3m▼ 29.7%€2.7m▼ 67.5%€1.3m▼ 52.5%€0.4m▼ 70.1%€0.02m▼ 95.0%
Working capital€16.4m-€15.2m▼ 6.9%€14.4mabove the sector's middle half▼ 5.5%€12.4mabove the sector's middle half▼ 13.5%€23.0mabove the sector's middle half▲ 85.0%€22.9mabove the sector's middle half▼ 0.4%€23.0mabove the sector's middle half▲ 0.1%€22.9mabove the sector's middle half▼ 0.1%
Solvency43.6%-43.0%▼ 0.6pp57.7%above the sector's middle half▲ 14.8pp67.0%above the sector's middle half▲ 9.3pp89.6%above the sector's middle half▲ 22.5pp94.7%above the sector's middle half▲ 5.2pp98.4%above the sector's middle half▲ 3.6pp99.9%above the sector's middle half▲ 1.5pp
Current ratio2.90-2.06▼ 0.842.75above the sector's middle half▲ 0.702.55above the sector's middle half▼ 0.219.60above the sector's middle half▲ 7.0519.02above the sector's middle half▲ 9.4361.29above the sector's middle half▲ 42.26
Return on assets (ROA)-6.7%-5.4%▲ 12.1pp5.3%within the sector's middle half▼ 0.1pp2.6%within the sector's middle half▼ 2.6pp24.3%above the sector's middle half▲ 21.6pp-0.4%below the sector's middle half▼ 24.6pp0.1%below the sector's middle half▲ 0.4pp-0.1%within the sector's middle half▼ 0.1pp
Staff (FTE)177.7-163.5▼ 8.0%170.8above the sector's middle half▲ 4.5%170.9above the sector's middle half▲ 0.1%162.1above the sector's middle half▼ 5.1%
above
within
below
the middle half of NACE 52, Warehousing and support activities for transportation: 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
Equity and liabilities €23.0m
Equity
€22.9m ▼ 0.1%
Debt
€18,883 ▼ 95.0%
Debt's share of the balance-sheet total falls from 1.6% to 0.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.02
ROE
-0.1%▼
2024 · 0.1%
Debt ≤ 1 year
€18,883▼
2024 · €380,836
Income taxes
-€114
A ratio outside any meaningful range has been withheld (balance sheet total €23.0m, equity €22.9m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €24.0m | €23.0m | - | - | - | - |
| Turnover70 | €24.6m | €25.8m | €22.6m | €20.1m | €14.3m | - | - | - | - |
| Other operating income74 | - | - | - | €0.9m | €1.2m | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €3.0m | €7.5m | - | €0.02m | - | - |
| Operating charges60/66A | - | - | - | €23.8m | €16.1m | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €1.4m | €1.9m | - | - | - | - |
| Purchases600/8 | - | - | - | €1.5m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.04m | - | - | - | - | - |
| Services and other goods61 | - | - | - | €10.4m | €7.7m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €8.6m | €4.8m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.8m | €0.9m | €0.9m | €1.3m | €0.8m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.2m | €0.08m | €118 | €0.009m | ▲ 7,764% |
| Non-recurring operating charges66A | - | - | - | €1.8m | €0.7m | €0.02m | €126 | €58 | ▼ 54.0% |
| Gross operating margin9900 | - | - | - | - | - | €0.06m | €0.04m | -€0.008m | - |
| Operating profit (loss)9901 | €1.3m | €2.2m | €2.5m | €0.2m | €6.9m | -€0.04m | €0.04m | -€0.02m | - |
| Financial income75/76B | - | - | - | €0.6m | - | €0.001m | - | - | - |
| Recurring financial income75 | €0.4m | €0.5m | €0.3m | €0.6m | €0.6m | €0.001m | - | - | - |
| Income from current assets751 | - | - | - | €0.6m | €0.6m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.08m | €0.05m | €0.04m | €0.02m | €0.004m | ▼ 81.4% |
| Recurring financial charges65 | €0.1m | €0.06m | €0.06m | €0.08m | €0.05m | €0.04m | €0.02m | €0.004m | ▼ 81.4% |
| Debt charges650 | €0.1m | €0.03m | €0.02m | €0.04m | €0.01m | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.04m | €0.04m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1.4m | €2.6m | €2.7m | €0.7m | €7.4m | -€0.09m | €0.01m | -€0.02m | - |
| Income taxes67/77 | €0.6m | €0.7m | €1.2m | €0.06m | €1.2m | €0.001m | - | -€114 | - |
| Taxes670/3 | - | - | - | €0.2m | €1.2m | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.2m | €0.03m | - | - | - | - |
| Profit (loss) for the period9904 | -€2.0m | €1.8m | €1.5m | €0.7m | €6.2m | -€0.09m | €0.01m | -€0.02m | - |
| Profit (loss) for the period to be appropriated9905 | -€2.0m | €1.8m | €1.5m | €0.7m | €6.2m | -€0.09m | €0.01m | -€0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €29.4m | €34.1m | €27.9m | €25.0m | €25.7m | €24.2m | €23.3m | €23.0m | ▼ 1.6% |
| Fixed assets21/28 | €4.4m | €4.5m | €5.3m | €4.5m | - | - | - | - | - |
| Intangible fixed assets21 | €0.008m | €0.3m | €0.2m | €0.2m | - | - | - | - | - |
| Tangible fixed assets22/27 | €3.2m | €3.0m | €3.9m | €4.0m | - | - | - | - | - |
| Land and buildings22 | - | - | - | €1.4m | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.6m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1.6m | - | - | - | - | - |
| Leasing and similar rights25 | - | - | - | €0.4m | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.01m | - | - | - | - | - |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €0.4m | - | - | - | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.4m | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.4m | - | - | - | - | - |
| Current assets29/58 | €25.0m | €29.6m | €22.6m | €20.5m | €25.7m | €24.2m | €23.3m | €23.0m | ▼ 1.6% |
| Stocks and contracts in progress3 | €0.08m | €0.09m | €0.09m | €0.1m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.1m | - | - | - | - | - |
| Raw materials and consumables30/31 | - | - | - | €0.1m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €24.1m | €29.1m | €22.1m | €19.9m | €25.7m | €24.2m | €23.3m | €23.0m | ▼ 1.6% |
| Trade receivables40 | - | - | - | €19.9m | €1.1m | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.02m | €24.5m | €24.2m | €23.3m | €23.0m | ▼ 1.6% |
| Cash at bank and in hand54/58 | €0.6m | €0.02m | €0.003m | €0.1m | €0.04m | €0.005m | €0.004m | €53 | ▼ 98.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.3m | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €29.4m | €34.1m | €27.9m | €25.0m | €25.7m | €24.2m | €23.3m | €23.0m | ▼ 1.6% |
| Equity10/15 | €12.8m | €14.7m | €16.1m | €16.8m | €23.0m | €22.9m | €23.0m | €22.9m | ▼ 0.1% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €12.6m | €14.5m | €16.0m | €16.6m | €22.9m | €22.8m | €22.8m | €22.8m | ▼ 0.1% |
| Provisions and deferred taxes16 | €3.4m | €1.7m | €0.07m | - | - | - | - | - | - |
| Amounts payable17/49 | €13.2m | €17.7m | €11.7m | €8.3m | €2.7m | €1.3m | €0.4m | €0.02m | ▼ 95.0% |
| Amounts payable after more than one year17 | €0.3m | - | €1.1m | €0.2m | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.2m | - | - | - | - | - |
| Leasing and similar obligations172 | - | - | - | €0.2m | - | - | - | - | - |
| Amounts payable within one year42/48 | €8.6m | €14.4m | €8.2m | €8.0m | €2.7m | €1.3m | €0.4m | €0.02m | ▼ 95.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | - | - | - | - | - |
| Financial debts43 | - | - | - | €3.1m | - | - | - | €85 | - |
| Credit institutions430/8 | - | - | - | €3.1m | - | - | - | €85 | - |
| Trade debts44 | €2.4m | €3.6m | €3.2m | €3.2m | €1.3m | €0.07m | €0.007m | €0.02m | ▲ 130% |
| Suppliers440/4 | - | - | - | €3.2m | €1.3m | €0.07m | €0.007m | €0.02m | ▲ 130% |
| Taxes, remuneration and social security45 | - | - | - | €1.5m | €1.4m | €0.002m | €0.002m | €0.002m | ▼ 5.4% |
| Taxes450/3 | - | - | - | €0.3m | €1.4m | €0.002m | €0.002m | €0.002m | ▼ 5.4% |
| Remuneration and social security454/9 | - | - | - | €1.3m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €1.2m | €0.4m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.0m | €1.8m | €1.5m | €0.7m | €6.2m | -€0.09m | €0.01m | -€0.02m | - |
| + Depreciation and write-downs630 | €0.8m | €0.9m | €0.9m | €1.3m | €0.8m | - | - | - | - |
| Operating cash flow (approximation) | -€1.2m | €2.7m | €2.4m | €2.0m | €7.0m | -€0.09m | €0.01m | -€0.02m | - |
| Investment in fixed assets (approximation) | - | -€0.9m | -€1.8m | -€0.5m | - | - | - | - | - |
| Change in cash | - | -€0.6m | -€0.02m | €0.1m | -€0.07m | -€0.03m | -€0.001m | -€0.004m | ▼ 378% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 11-09-2026 | 2026-00512405 |
| 31-12-2024 | abbreviated format | 15-10-2025 | 2025-00543885 |
| 31-12-2023 | abbreviated format | 25-09-2025 | 2025-00502527 |
| 31-12-2022 | full format | 18-07-2025 | 2025-00298532 |
| 31-12-2021 | full format | 16-09-2022 | 2022-20430050 |
| 31-12-2020 | full format | 30-07-2021 | 2021-43800207 |
| 31-12-2019 | full format | 06-08-2020 | 2020-39500589 |
| 31-12-2018 | full format | 09-09-2019 | 2019-63500502 |
| 31-12-2017 | full format | 25-10-2018 | 2018-70000446 |
| 31-12-2016 | full format | 31-07-2017 | 2017-40100506 |
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Of the 1,026 active companies whose main activity is warehousing and storage (NACE 52100), figures are known for 770. 227 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €5,700 awarded · €5,700 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.