FLYING G.
ActiveSummary
The computed 12-month bankruptcy probability of FLYING G. is 3.2% (moderate). The 2025 annual accounts show negative equity (-€32,392) and a net result of -€32,999. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 13560 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-26
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.98 in 2024; short-term debt: 139.7% and cash: 5.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-39.7%
Return on assets
-40.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€32,392
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
14 d late
2023
26 d late
2022
30 d late
2021
38 d early
2020
55 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€32,392
2024 · €607
Total assets
€81,603▲ 42.0%
2024 · €57,472
Net result
-€32,999▲ 11.2%
2024 · -€37,143
Working capital
-€77,463▼ 5,569%
2024 · -€1,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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€7,007▼ 20.6%€13,856▲ 97.7%€4,005▼ 71.1%-€30,840-€23,924▲ 22.4%
Net result-€1,011within the sector's middle half▲ 83.1%€2,659within the sector's middle half-€2,432within the sector's middle half-€37,143below the sector's middle half▼ 1,427%-€32,999below the sector's middle half▲ 11.2%
Equity€37,523within the sector's middle half▼ 2.6%€40,182within the sector's middle half▲ 7.1%€37,750within the sector's middle half▼ 6.1%€607within the sector's middle half▼ 98.4%-€32,392below the sector's middle half
Total assets€110,861within the sector's middle half▲ 40.3%€105,567within the sector's middle half▼ 4.8%€91,985within the sector's middle half▼ 12.9%€57,472within the sector's middle half▼ 37.5%€81,603within the sector's middle half▲ 42.0%
Debt€73,338▲ 81.1%€65,385▼ 10.8%€54,235▼ 17.1%€56,865▲ 4.9%€113,995▲ 100%
Working capital€31,842▲ 25.9%€35,570▲ 11.7%€34,704▼ 2.4%-€1,366-€77,463▼ 5,569%
Solvency33.8%within the sector's middle half▼ 14.9pp38.1%within the sector's middle half▲ 4.2pp41.0%within the sector's middle half▲ 3.0pp1.1%within the sector's middle half▼ 40.0pp-39.7%below the sector's middle half▼ 40.8pp
Staff (FTE)7.8▲ 52.9%9▲ 15.4%7.3▼ 18.9%9.1▲ 24.7%8.8▼ 3.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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
The operating result stays negative: a loss of €23,924 in 2025 against €30,840 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,603
Fixed assets
€45,081 ▲ 2,185%
Current assets
€36,521 ▼ 34.2%
Key figures and ratios
EBITDA
-€18,452▲
2024 · -€29,767
Cash flow
-€27,526▲
2024 · -€36,070
Current ratio
0.32▼
2024 · 0.98
Quick ratio
0.20▼
2024 · 0.63
Debt to equity
-3.52
ROA
-40.4%▲
2024 · -64.6%
Interest coverage
-3.32▲
2024 · -5.40
Debt ≤ 1 year
€113,985▲
2024 · €56,865
Income taxes
€1,370▲
2024 · €805
Staff costs
€235,196▲
2024 · €164,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,058 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% | 1.6% |
| 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 74% 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 6,640 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7,138 | - | €2,700 | - | - | - |
| Remuneration, social security and pensions62 | €141,386 | €197,352 | €147,580 | €164,645 | €235,196 | ▲ 42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,560 | €4,814 | €1,566 | €1,073 | €5,472 | ▲ 410% |
| Other operating charges640/8 | €25,333 | €7,164 | €8,608 | €10,059 | €9,494 | ▼ 5.6% |
| Non-recurring operating charges66A | €815 | €158 | - | - | - | - |
| Gross operating margin9900 | €182,101 | €223,343 | €161,759 | €144,936 | €226,238 | ▲ 56.1% |
| Operating profit (loss)9901 | €7,007 | €13,856 | €4,005 | -€30,840 | -€23,924 | ▲ 22.4% |
| Financial income75/76B | €12 | €911 | €1,126 | €13 | €95 | ▲ 658% |
| Recurring financial income75 | €12 | €911 | €1,126 | €13 | €95 | ▲ 658% |
| Financial charges65/66B | €8,030 | €10,920 | €7,559 | €5,510 | €7,800 | ▲ 41.6% |
| Recurring financial charges65 | €8,092 | €10,920 | €7,559 | €5,510 | €5,561 | ▲ 0.9% |
| Non-recurring financial charges66B | -€62 | - | - | - | €2,239 | - |
| Profit (loss) for the period before taxes9903 | -€1,011 | €3,846 | -€2,429 | -€36,338 | -€31,629 | ▲ 13.0% |
| Income taxes67/77 | - | €1,187 | €4 | €805 | €1,370 | ▲ 70.1% |
| Profit (loss) for the period9904 | -€1,011 | €2,659 | -€2,432 | -€37,143 | -€32,999 | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,011 | €2,659 | -€2,432 | -€37,143 | -€32,999 | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,861 | €105,567 | €91,985 | €57,472 | €81,603 | ▲ 42.0% |
| Fixed assets21/28 | €5,681 | €4,613 | €3,046 | €1,973 | €45,081 | ▲ 2,185% |
| Tangible fixed assets22/27 | €5,124 | €4,055 | €2,488 | €1,415 | €44,524 | ▲ 3,046% |
| Plant, machinery and equipment23 | €266 | €599 | €134 | - | - | - |
| Furniture and vehicles24 | €962 | €2,359 | €1,648 | €1,099 | €44,524 | ▲ 3,952% |
| Other tangible fixed assets26 | €3,896 | €1,097 | €707 | €317 | - | - |
| Financial fixed assets28 | €558 | €558 | €558 | €558 | €558 | = |
| Current assets29/58 | €105,180 | €100,954 | €88,939 | €55,499 | €36,521 | ▼ 34.2% |
| Stocks and contracts in progress3 | €12,729 | €16,291 | €21,704 | €19,604 | €13,658 | ▼ 30.3% |
| Stocks30/36 | €12,729 | €16,291 | €21,704 | €19,604 | €13,658 | ▼ 30.3% |
| Amounts receivable within one year40/41 | €27,734 | €19,487 | €33,304 | €19,772 | €18,482 | ▼ 6.5% |
| Trade receivables40 | €3,021 | €5,040 | €434 | €434 | €1,583 | ▲ 265% |
| Other amounts receivable41 | €24,713 | €14,447 | €32,870 | €19,338 | €16,899 | ▼ 12.6% |
| Cash at bank and in hand54/58 | €64,717 | €65,177 | €33,700 | €16,123 | €4,382 | ▼ 72.8% |
| Deferred charges and accrued income490/1 | - | - | €230 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,861 | €105,567 | €91,985 | €57,472 | €81,603 | ▲ 42.0% |
| Equity10/15 | €37,523 | €40,182 | €37,750 | €607 | -€32,392 | ▼ 5,438% |
| Contributions10/11 | €92,960 | €92,960 | €92,960 | €92,960 | €92,960 | = |
| Reserves13 | €47,141 | €47,141 | €47,141 | €47,141 | €47,141 | = |
| Non-distributable reserves130/1 | €9,296 | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Reserves not available under the articles1311 | €9,296 | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Tax-exempt reserves132 | €37,845 | €37,845 | €37,845 | €37,845 | €37,845 | = |
| Profit (loss) carried forward14 | -€102,578 | -€99,919 | -€102,351 | -€139,494 | -€172,493 | ▼ 23.7% |
| Amounts payable17/49 | €73,338 | €65,385 | €54,235 | €56,865 | €113,995 | ▲ 100% |
| Amounts payable within one year42/48 | €73,338 | €65,385 | €54,235 | €56,865 | €113,985 | ▲ 100% |
| Financial debts43 | €5,020 | - | - | - | - | - |
| Credit institutions430/8 | €5,020 | - | - | - | - | - |
| Trade debts44 | €32,195 | €15,066 | €32,965 | €40,348 | €30,296 | ▼ 24.9% |
| Suppliers440/4 | €32,195 | €15,066 | €32,965 | €40,348 | €30,296 | ▼ 24.9% |
| Taxes, remuneration and social security45 | €34,507 | €42,408 | €13,558 | €5,834 | €35,161 | ▲ 503% |
| Taxes450/3 | €801 | €9,097 | €442 | €2,169 | €6,154 | ▲ 184% |
| Remuneration and social security454/9 | €33,705 | €33,312 | €13,116 | €3,666 | €29,007 | ▲ 691% |
| Other amounts payable47/48 | €1,616 | €7,911 | €7,713 | €10,683 | €48,528 | ▲ 354% |
| Accrued charges and deferred income492/3 | - | - | - | - | €10 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,011 | €2,659 | -€2,432 | -€37,143 | -€32,999 | ▲ 11.2% |
| + Depreciation and write-downs630 | €7,560 | €4,814 | €1,566 | €1,073 | €5,472 | ▲ 410% |
| Operating cash flow (approximation) | €6,549 | €7,473 | -€866 | -€36,070 | -€27,526 | ▲ 23.7% |
| Investment in fixed assets (approximation) | - | -€3,745 | €0 | €0 | -€48,581 | - |
| Change in cash | - | €459 | -€31,477 | -€17,578 | -€11,741 | ▲ 33.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Weakest financial yearnet -€37,143
Net result drops to -€37,143, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €2,659
Net result €2,659 after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €52,321
Net result €52,321 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.39
Current ratio from 0.49 to 1.39; short-term debt falls from €80,120 to €76,242.
27-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 88 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Watermaal-Bosvoorde · 1 establishment unit since 1994
Ground area
872 m²
Building footprint
176 m²
Volume, LiDAR
1,000 m³
Parcel 21017D0207/00G000, Brussels · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LES PECHERIES
since 19942.067.256.872
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0207/00G000 | Brussels | 872 m² | 1 · 176 m² | 13.3 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 21,859 companies in sector 56112 we hold annual accounts for 9,782. 1,221 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
Founded11-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452654062
Also
9925:BE0452654062
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.