FLYFLOW
The computed 12-month bankruptcy probability of FLYFLOW is 1.8% (moderate). The 2024 annual accounts show negative equity (€-106k) and a net result of €-23k. Equity is shrinking by ~60.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 7321 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-106k |
| Net result | €-23k |
| Better than sector | 5% |
| Active | 4 yrs |
Mixed profile: strong on stability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -104.1% | 65.1% | |
| Net result | €-23k | €32k | |
| Equity | €-106k | €58k | |
| Gross operating margin | €38k | €52k | |
| Staff costs | €57k | €17k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €618k |
| EBITDA | €-19k |
| Net profit | €-23k |
| Cash flow | €-19k |
| Staff costs | €57k |
| Income taxes | - |
| Dividends | - |
| Total assets | €102k |
| Equity | €-106k |
| Debt | €209k |
| of which ≤ 1y | €209k |
| of which > 1y | - |
| Working capital | €-120k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.43 |
| Quick ratio | 0.43 |
| Working capital ratio | -117.1% |
| Solvency | -104.1% |
| Debt / equity | -1.96 |
| Long-term debt ratio | - |
| Interest coverage | -28.98 |
| Gross margin | 6.1% |
| Net margin | -3.7% |
| ROA | -22.1% |
| ROE | 21.2% |
| EBITDA margin | -3.1% |
| Days sales outstanding | 5d |
| Days payable outstanding | 41d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €102k |
| Fixed assets | 21/28 | €13k |
| Tangible fixed assets | 22/27 | €13k |
| Financial fixed assets | 28 | €363 |
| Current assets | 29/58 | €89k |
| Amounts receivable within one year | 40/41 | €10k |
| Cash & bank | 54/58 | €78k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €102k |
| Equity | 10/15 | €-106k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-126k |
| Amounts payable | 17/49 | €209k |
| Amounts payable within one year | 42/48 | €209k |
| Trade debts payable within one year | 44 | €64k |
| Income statement | ||
| Turnover | 70 | €618k |
| Gross operating margin | 9900 | €38k |
| Operating result | 9901 | €-23k |
| Financial income | 75 | €792 |
| Financial charges | 65 | €651 |
| Result before taxes | 9903 | €-23k |
| Net result for the period | 9904 | €-23k |
| Result to be appropriated | 9905 | €-23k |
| NACE primary | Computer programming & consultancy(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 24-03-2022 |
| Status | Active |
| Postal code | 1200 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0220/00G000 | Brussels | 3.5 ha | 1 · 623 m² | 21.2 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-12-2024 Registered office moved to Bruxelles
- Chemin des deux maisons 73, Boite 3 1200 Bruxelles, Belgique
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Chemin des deux maisons 73, Boite 3\n1200 Bruxelles, Belgique",
"city": "Bruxelles",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Chemin des deux maisons",
"country": "BE",
"postcode": "1200",
"box_number": "3",
"street_number": "73",
"locality_suffix": null
},
"old_address": null,
"effective_date": "2024-12-09",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide de transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9, avec effet imm\u00E9diat, \u00E0 l\u0027adresse suivante:",
"region_changed": false,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2024-12-09",
"act_kind_objet": "Transfert du si\u00E8ge"
},
"decision": {
"body": "algemene_vergadering",
"date": "2024-11-01",
"unanimous": null
},
"subject_company": {
"kbo": "0783.804.738",
"name_full": "FLYFLOW",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Serge Solau",
"org_rep_person_name": null,
"person_role_at_subject": "Mandataire"
},
"co_filed_documents": []
}09-10-2023 Registered office moved from Sint-Niklaas to Grâce-Hollogne
- Stationplein 7E te 9100 Sint-Niklaas → Rue St Exupéry 17, 4460 Grâce-Hollogne
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue St Exup\u00E9ry 17, 4460 Gr\u00E2ce-Hollogne",
"city": "Gr\u00E2ce-Hollogne",
"region": "foreign",
"street": "Rue St Exup\u00E9ry",
"country": "FR",
"postcode": "4460",
"box_number": null,
"street_number": "17",
"locality_suffix": null
},
"old_address": {
"raw": "Stationplein 7E te 9100 Sint-Niklaas",
"city": "Sint-Niklaas",
"region": "vlaams_gewest",
"street": null,
"country": "BE",
"postcode": "9100",
"box_number": null,
"street_number": null,
"locality_suffix": "(H)"
},
"effective_date": null,
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": null
}
],
"notary": {
"name": "Olivier Bonnenfant",
"firm_city": null,
"firm_name": null,
"office_city": "Dalhem",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-10-09",
"filing_date": "2023-09-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-09-05",
"unanimous": null
},
"subject_company": {
"kbo": "0783.804.738",
"name_full": "FLYFLOW",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Shijie Liu",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | FLYFLOW |