Flynn Holding is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €607k and a net result of €2.44M. Equity is growing by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 6156 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 6156 sector peers (2024).
NBB · sector comparisonPosition among 6156 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
2 d early
2022
31 d early
2021
94 d early
2020
16 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€607k▼ 77.8%
2023 · €2.74M
2019: €217k
2020: €837k
2021: €1.69M
2022: €2.73M
2023: €2.74M
2019 → 2024
Net result
€2.44M▲ 1,003%
2023 · €222k
2019: €-58k
2020: €620k
2021: €1.05M
2022: €1.27M
2023: €222k
2019 → 2024
Total assets
€4.99M▲ 67.8%
2023 · €2.97M
2019: €3.05M
2020: €3.48M
2021: €3.36M
2022: €2.99M
2023: €2.97M
2019 → 2024
Solvency
12.2%▼ 79.9pp
2023 · 92.1%
2019: 7.1%
2020: 24.0%
2021: 50.2%
2022: 91.5%
2023: 92.1%
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€837k-€1.69M▲ 102%€2.73M▲ 61.7%€2.74M▲ 0.2%€607k▼ 77.8%
Operating result€41k-€57k▲ 38.7%€10k▼ 81.9%€-3k€2.03M
Net result€620k-€1.05M▲ 69.7%€1.27M▲ 20.4%€222k▼ 82.5%€2.44M▲ 1,003%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2.03M after a loss of €3k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €4.99M
Equity
€607k▼ 77.8%
Debt
€4.38M▲ 1,758%
The debt ratio rises from 7.9% to 87.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
12.2%▼
2023 · 92.1%
ROE
402.7%▲
2023 · 8.1%
ROA
49.0%▲
2023 · 7.5%
Debt
€4.38M▲
2023 · €236k
Debt ≤ 1 year
€4.38M▲
2023 · €236k
Income taxes
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.97M€4.99M▲
Fixed assets21/28€2.95M€0▼
Financial fixed assets28€2.95M€0▼
Current assets29/58€22k€4.99M▲
Amounts receivable after more than one year29-€691k
Other amounts receivable291-€691k
Amounts receivable within one year40/41€9k€261▼
Other amounts receivable41€9k€261▼
Current investments50/53-€4.20M
Cash at bank and in hand54/58€13k€6k▼
Deferred charges and accrued income490/1-€90k
Equity and liabilities
Total equity and liabilities10/49€2.97M€4.99M▲
Equity10/15€2.74M€607k▼
Contributions10/11€275k€275k=
Capital10€275k€275k=
Issued capital100€275k€275k=
Reserves13€2.46M€332k▼
Non-distributable reserves130/1€28k€28k=
Legal reserve130€28k€28k=
Distributable reserves133€2.43M€304k▼
Profit (loss) carried forward14€261€172▼
Amounts payable17/49€236k€4.38M▲
Amounts payable within one year42/48€236k€4.38M▲
Trade debts44-€968
Suppliers440/4-€968
Taxes, remuneration and social security45€8k€164k▲
Taxes450/3€8k€164k▲
Other amounts payable47/48€228k€4.22M▲
Income statement
Code20232024
Non-recurring operating income76A-€2.03M
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-2k€2.03M▲
Operating profit (loss)9901€-3k€2.03M▲
Financial income75/76B€225k€423k▲
Recurring financial income75€225k€423k▲
Financial charges65/66B€39€94▲
Recurring financial charges65€39€94▲
Profit (loss) for the period before taxes9903€222k€2.45M▲
Income taxes67/77-€6k
Profit (loss) for the period9904€222k€2.44M▲
Profit (loss) for the period to be appropriated9905€222k€2.44M▲
Appropriation of the result
Profit (loss) to be appropriated9906€225k€2.44M▲
Profit (loss) brought forward from the previous period14P€4k€261▼
Transfer from equity791/2-€2.13M
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
Profit to be distributed694/7€216k€4.57M▲
Return on contributions (dividend)694€216k€4.57M▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €2.44M ▲1003%
Operating result €2.03M, net result €2.44M, both a record.
31-12
Financial
Liquidity times 12current ratio 1.14
Current ratio from 0.09 to 1.14.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.73M ▲61.7%
3 profitable years in a row build equity to €2.73M.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.69M ▲102%
2 profitable years in a row build equity to €1.69M.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €620k
Net result €620k after one loss-making year.
31-12
Financial
Equity above €500kEq €837k ▲286%
Equity rises from €217k to €837k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Aalst · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Korte Keppestraat 99320 AalstGround area
7,939 m²
Building footprint
611 m²
Volume, LiDAR
15,407 m³
Parcel 41342B0950/00M002, Flanders · tallest building 29.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Korte Keppestraat 9, 9320 Aalst
since 20192.284.342.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0950/00M002 | Flanders | 7,939 m² | 1 · 611 m² | 29.3 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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HOEDEMAEKERS
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 13,479 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-01-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.