Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of F & L is 1.7% (moderate). The 2023 annual accounts show negative equity (€-45k) and a net result of €-10k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 15% of 95 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
1 signalAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2023How do we compute this?
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 | -15.1% | 25.1% | |
| Net result | €-10k | €7k | |
| Equity | €-45k | €21k | |
| Gross operating margin | €99k | €27k | |
| Total assets | €301k | €83k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €16k |
| Net profit | €-10k |
| Cash flow | €10 |
| Staff costs | €73k |
| Income taxes | €156 |
| Dividends | - |
| Total assets | €301k |
| Equity | €-45k |
| Debt | €346k |
| of which ≤ 1y | €296k |
| of which > 1y | €50k |
| Working capital | €-39k |
| Employees (FTE) | 2.3 |
| 2023 | |
|---|---|
| Current ratio | 0.87 |
| Quick ratio | 0.53 |
| Working capital ratio | -13.1% |
| Solvency | -15.1% |
| Debt / equity | -7.62 |
| Long-term debt ratio | -1.10 |
| Interest coverage | 0.60 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.2% |
| ROE | 21.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €301k |
| Fixed assets | 21/28 | €44k |
| Tangible fixed assets | 22/27 | €42k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €257k |
| Stocks & contracts in progress | 3 | €100k |
| Amounts receivable within one year | 40/41 | €141k |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €301k |
| Equity | 10/15 | €-45k |
| Contributions / capital | 10/11 | €19k |
| Accumulated profits (losses) | 14 | €-64k |
| Amounts payable | 17/49 | €346k |
| Amounts payable after one year | 17 | €50k |
| Amounts payable within one year | 42/48 | €296k |
| Trade debts payable within one year | 44 | €193k |
| Income statement | ||
| Gross operating margin | 9900 | €99k |
| Operating result | 9901 | €6k |
| Financial income | 75 | €11k |
| Financial charges | 65 | €26k |
| Result before taxes | 9903 | €-10k |
| Income taxes | 67/77 | €156 |
| Net result for the period | 9904 | €-10k |
| Result to be appropriated | 9905 | €-10k |
Health barometer
FY 2023 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 72502E0102/00L147 | Flanders | 1.9 ha | 1 · 1.0 ha | 27.5 m · 2 fl. |
Publications
Lifecycle & Insolvency Signals
Belgian State Gazette · acts
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axesFragile profile, watch stability in particular.
All 5 axes are computed from data Checked has read.
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AI due-diligence brief
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameNL | F & L |