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FLASHCARDS

Active
Private limited companyfounded 20206 yrs activeSint Lenaartseweg 38, 2320 Hoogstraten, BelgiumKBO/BCE: BE 0743.910.321
Summary

The computed 12-month bankruptcy probability of FLASHCARDS is 3.4% (moderate). The 2025 annual accounts show negative equity (-€4,473) and a net result of -€1,075. Equity is shrinking by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 2053 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
FLASHCARDSActiveChecked score 47/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410Organisation of conventions and trade shows NACE 82300
1 site
Size
€13,559total assets 2025
Equity
-€4,473
Loss
-€1,075
Turnover not published (abridged schema)
Financial health
47 Fair Checked score 2025
Bankruptcy chance 12 m
3.4%
Structure
Accounts 1 d early1 of 3 deeds read
Why 47- Sector Land transport and transport via pipelines (NACE 49)- Founded in 2020- 1 of the last 3 late+ Size: total assets €13,559Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 11% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -33.0% of total assets
Liquidity 9-41
short-term debt 133.0% · cash 7.3%
Profitability 18+18
return on assets -7.9%
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 2.0% (8,980 companies)
Last 17 months 06-2025: 1.6%lowest value 07-2025: 1.8%▲ +8.6% vs 06-2025 08-2025: 2.3%▲ +29.6% vs 07-2025 09-2025: 2.5%▲ +9.2% vs 08-2025 10-2025: 2.4%▼ -3.1% vs 09-2025 11-2025: 2.4%● 0.0% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%▼ -0.4% vs 12-2025 02-2026: 2.5%▲ +1.6% vs 01-2026 03-2026: 2.5%▲ +1.8% vs 02-2026 04-2026: 2.5%● 0.0% vs 03-2026 05-2026: 2.3%▼ -10.2% vs 04-2026 06-2026: 2.2%▼ -2.4% vs 05-2026 07-2026: 2.4%▲ +8.4% vs 06-2026 08-2026: 3.4%▲ +43.6% vs 07-2026highest value 09-2026: 3.4%● 0.0% vs 08-2026highest value 10-2026: 3.4%● 0.0% vs 09-2026highest value
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
  • Size: total assets €13,559 lowers the probability for this profile
  • Founded in 2020 raises the probability for this profile
  • 1 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.06; short-term debt: 133% and cash: 7.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 5%, liquidity 9%, profitability 17%, growth against the median 16%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €13,559
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Founded in 2020
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€4,473
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
1 d early
2024
31 d late
2023
23 d late
2022
29 d late
2021
25 d late
2020
22 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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. Usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Statutes amendmentName change · Purpose change…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€4,473 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€1,075 View
  • Caution: Among the weakest 6% on solvencysector median 39.7% · 2,053 companies -33.0% View

By topic

Financials

Fiscal year
2025
Total assets
€13,559
Loss
-€1,075
Solvency
-33.0%
Total assets▲ 64,193%
Net result
20202025
Go to Financials

Timeline

Events
8
Since
2021
Next accounts
by 31-07-2027
  1. 06-08-2026Statutes amendment
  2. 30-07-2026Annual accounts filed
  3. 31-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
20-02-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Transport- en koerierdiensten in binnen-en buitenland; Sloop-en afbraakwerken…
Go to Articles of association

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

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