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Flying Turtles

Active
Private limited companyfounded 20242 yrs activeRue Fosty 66, 1470 Genappe, BelgiumKBO/BCE: BE 1010.699.517
Summary

Flying Turtles has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €94k. Its solvency ranks better than 25% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes
Profitability95
Solvency49
Growth-
Track record67
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.73; short-term debt: 27.8% and cash: 1.2% of total assets), and 76.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
23.6%
Return on assets
21.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8692 sector peers (2025).
NBB · sector comparison
Position among 8692 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 1 filing
Deviation from the deadline
2025
21 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Flying Turtles was incorporated on 24 June 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€104k
Total assets
€441k
Net result
€94k
Working capital
€-33k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €441k
Fixed assets €351k
Current assets €90k
Equity and liabilities €441k
Equity €104k
Debt €337k
Debt finances 76.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€134k
Cash flow
€94k
Current ratio
0.73
Debt to equity
3.24
ROE
90.4%
ROA
21.3%
Interest coverage
8.82
Debt ≤ 1 year
€123k
Debt > 1 year
€214k
Income taxes
€25k
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€441k
Fixed assets21/28€351k
Tangible fixed assets22/27€1k
Plant, machinery and equipment23€1k
Financial fixed assets28€350k
Current assets29/58€90k
Amounts receivable within one year40/41€85k
Trade receivables40€85k
Cash at bank and in hand54/58€5k
Equity and liabilities
Total equity and liabilities10/49€441k
Equity10/15€104k
Contributions10/11€10k
Profit (loss) carried forward14€94k
Amounts payable17/49€337k
Amounts payable after more than one year17€214k
Financial debts170/4€134k
Other amounts payable178/9€80k
Amounts payable within one year42/48€123k
Current portion of amounts payable after more than one year42€88k
Taxes, remuneration and social security45€32k
Taxes450/3€32k
Other amounts payable47/48€3k
Accrued charges and deferred income492/3€913
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€218
Other operating charges640/8€1k
Gross operating margin9900€135k
Operating profit (loss)9901€134k
Financial charges65/66B€15k
Recurring financial charges65€15k
Profit (loss) for the period before taxes9903€119k
Income taxes67/77€25k
Profit (loss) for the period9904€94k
Profit (loss) for the period to be appropriated9905€94k
Appropriation of the result
Profit (loss) to be appropriated9906€94k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€218
Other operating charges640/8€1k
Gross operating margin9900€135k
Operating profit (loss)9901€134k
Financial charges65/66B€15k
Recurring financial charges65€15k
Profit (loss) for the period before taxes9903€119k
Income taxes67/77€25k
Profit (loss) for the period9904€94k
Profit (loss) for the period to be appropriated9905€94k
Line2025
Assets
Total assets20/58€441k
Fixed assets21/28€351k
Tangible fixed assets22/27€1k
Plant, machinery and equipment23€1k
Financial fixed assets28€350k
Current assets29/58€90k
Amounts receivable within one year40/41€85k
Trade receivables40€85k
Cash at bank and in hand54/58€5k
Equity and liabilities
Total equity and liabilities10/49€441k
Equity10/15€104k
Contributions10/11€10k
Profit (loss) carried forward14€94k
Amounts payable17/49€337k
Amounts payable after more than one year17€214k
Financial debts170/4€134k
Other amounts payable178/9€80k
Amounts payable within one year42/48€123k
Current portion of amounts payable after more than one year42€88k
Taxes, remuneration and social security45€32k
Taxes450/3€32k
Other amounts payable47/48€3k
Accrued charges and deferred income492/3€913
Line2025
Profit (loss) for the period9904€94k
+ Depreciation and write-downs630€218
Operating cash flow (approximation)€94k

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
21-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
NBB filing
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, Genappe · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
3,193 m²
Building footprint
129 m²
Volume, LiDAR
1,062 m³
Parcel 25003G0161/00H000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Flying Turtles
Rue Fosty 66, 1470 GenappeBusiness consulting
since 20242.360.979.703
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25003G0161/00H000 Wallonia 3,193 m² 1 · 129 m² 10.3 m · 3 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.

Similar companies · same sector, comparable size

Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,657 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
Founded24-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy

Scores and ratios are computed by Checked and are not a credit decision.