FLARUS
ActiveSummary
FLARUS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €-25k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 86% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-29
Solvency100▲+6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 2.82 in 2024; short-term debt: 18.9% and cash: 7.3% of total assets), and 19% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81%
Return on assets
-1.5%
Age of the figures
9 mo
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
25 d late
2023
61 d early
2022
4 d early
2021
38 d early
2020
71 d early
2019
28 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-25k
2024 · €92k
2018: €434k
2019: €328k▼ -24.3% vs 2018
2020: €44k▼ -86.7% vs 2019
2021: €445k▲ +917% vs 2020highest in 8 years
2022: €161k▼ -63.7% vs 2021
2023: €108k▼ -32.8% vs 2022
2024: €92k▼ -15.1% vs 2023
2025: €-25k▼ -127% vs 2024lowest in 8 years
2018 → 2025
Working capital
€1.01M▼ 36.0%
2024 · €1.57M
2018: €1.75M
2019: €2.03M▲ +16.3% vs 2018
2020: €1.83M▼ -10.1% vs 2019
2021: €2.28M▲ +24.8% vs 2020highest in 8 years
2022: €2.09M▼ -8.3% vs 2021
2023: €2.14M▲ +2.3% vs 2022
2024: €1.57M▼ -26.4% vs 2023
2025: €1.01M▼ -36.0% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.56M-€2.47M▼ 3.4%€2.25M▼ 9.1%€1.95M▼ 13.3%€1.38M▼ 29.2%
2021: €2.56Mhighest in 5 years
2022: €2.47M▼ -3.4% vs 2021
2023: €2.25M▼ -9.1% vs 2022
2024: €1.95M▼ -13.3% vs 2023
2025: €1.38M▼ -29.2% vs 2024lowest in 5 years
Operating result€591k-€360k▼ 39.1%€16k▼ 95.5%€72k▲ 339%€-88k
2021: €591khighest in 5 years
2022: €360k▼ -39.1% vs 2021
2023: €16k▼ -95.5% vs 2022
2024: €72k▲ +339% vs 2023
2025: €-88k▼ -223% vs 2024lowest in 5 years
Net result€445k-€161k▼ 63.7%€108k▼ 32.8%€92k▼ 15.1%€-25k
2021: €445khighest in 5 years
2022: €161k▼ -63.7% vs 2021
2023: €108k▼ -32.8% vs 2022
2024: €92k▼ -15.1% vs 2023
2025: €-25k▼ -127% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €88k after €72k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.70M
Fixed assets
€373k ▼ 0.7%
Current assets
€1.33M ▼ 45.5%
Equity and liabilities €1.70M
Equity
€1.38M ▼ 29.2%
Debt
€323k ▼ 62.7%
Debt's share of the balance-sheet total falls from 30.7% to 19.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-86k▼
2024 · €75k
Cash flow
€-23k▼
2024 · €96k
Current ratio
4.13▲
2024 · 2.82
Debt to equity
0.23▼
2024 · 0.44
ROE
-1.8%▼
2024 · 4.7%
ROA
-1.5%▼
2024 · 3.3%
Interest coverage
-10.71▲
2024 · -16.49
Debt ≤ 1 year
€322k▼
2024 · €866k
Income taxes
€920▼
2024 · €37k
Staff costs
€54k▼
2024 · €67k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.82M€1.70M▼
Fixed assets21/28€376k€373k▼
Tangible fixed assets22/27€23k€20k▼
Land and buildings22€20k€18k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€901€588▼
Financial fixed assets28€353k€353k=
Current assets29/58€2.44M€1.33M▼
Amounts receivable within one year40/41€99k€100k▲
Trade receivables40€97k€30k▼
Other amounts receivable41€3k€70k▲
Current investments50/53€2.21M€1.11M▼
Cash at bank and in hand54/58€127k€125k▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.82M€1.70M▼
Equity10/15€1.95M€1.38M▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€1.87M€1.33M▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€1.87M€1.32M▼
Profit (loss) carried forward14€2k€-24k▼
Amounts payable17/49€866k€323k▼
Amounts payable within one year42/48€866k€322k▼
Trade debts44€485k€313k▼
Suppliers440/4€485k€313k▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€236€3k▲
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€377k€0▼
Accrued charges and deferred income492/3-€998
Income statement
Code20242025
Remuneration, social security and pensions62€67k€54k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€145k€-30k▼
Operating profit (loss)9901€72k€-88k▼
Financial income75/76B€53k€72k▲
Recurring financial income75€53k€72k▲
Non-recurring financial income76B€0-
Financial charges65/66B€-5k€8k▲
Recurring financial charges65€-5k€8k▲
Profit (loss) for the period before taxes9903€129k€-24k▼
Income taxes67/77€37k€920▼
Profit (loss) for the period9904€92k€-25k▼
Profit (loss) for the period to be appropriated9905€92k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€-24k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer from equity791/2€390k€545k▲
Transfer to equity691/2€92k€0▼
To other reserves6921€92k€0▼
Profit to be distributed694/7€390k€545k▲
Return on contributions (dividend)694€390k€545k▲
Social balance
Average headcount (FTE)90870.01.0▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €237k | €256k | €119k | €67k | €54k | ▼ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €7k | €4k | €3k | ▼ 28.8% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 6.5% |
| Gross operating margin9900 | €838k | €627k | €145k | €145k | €-30k | ▼ 121% |
| Operating profit (loss)9901 | €591k | €360k | €16k | €72k | €-88k | ▼ 223% |
| Financial income75/76B | €96k | €64k | €122k | €53k | €72k | ▲ 36.9% |
| Recurring financial income75 | €96k | €64k | €47k | €53k | €72k | ▲ 36.9% |
| Non-recurring financial income76B | - | - | €75k | €0 | - | - |
| Financial charges65/66B | €17k | €148k | €-11k | €-5k | €8k | ▲ 275% |
| Recurring financial charges65 | €17k | €148k | €-11k | €-5k | €8k | ▲ 275% |
| Profit (loss) for the period before taxes9903 | €670k | €275k | €150k | €129k | €-24k | ▼ 119% |
| Income taxes67/77 | €225k | €114k | €42k | €37k | €920 | ▼ 97.5% |
| Profit (loss) for the period9904 | €445k | €161k | €108k | €92k | €-25k | ▼ 127% |
| Transfer from tax-exempt reserves789 | €56k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €501k | €161k | €108k | €92k | €-25k | ▼ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.15M | €3.11M | €2.80M | €2.82M | €1.70M | ▼ 39.5% |
| Fixed assets21/28 | €283k | €384k | €110k | €376k | €373k | ▼ 0.7% |
| Intangible fixed assets21 | €1k | €615 | - | - | - | - |
| Tangible fixed assets22/27 | €29k | €31k | €27k | €23k | €20k | ▼ 11.5% |
| Land and buildings22 | €28k | €23k | €22k | €20k | €18k | ▼ 8.8% |
| Plant, machinery and equipment23 | €476 | €238 | €3k | €2k | €2k | ▼ 25.9% |
| Furniture and vehicles24 | €605 | €7k | €2k | €901 | €588 | ▼ 34.8% |
| Financial fixed assets28 | €253k | €353k | €83k | €353k | €353k | = |
| Current assets29/58 | €2.87M | €2.73M | €2.69M | €2.44M | €1.33M | ▼ 45.5% |
| Amounts receivable within one year40/41 | €622k | €235k | €73k | €99k | €100k | ▲ 0.4% |
| Trade receivables40 | €589k | €169k | €31k | €97k | €30k | ▼ 69.3% |
| Other amounts receivable41 | €33k | €66k | €42k | €3k | €70k | ▲ 2,471% |
| Current investments50/53 | €1.43M | €1.77M | €2.46M | €2.21M | €1.11M | ▼ 49.9% |
| Cash at bank and in hand54/58 | €809k | €701k | €151k | €127k | €125k | ▼ 1.4% |
| Deferred charges and accrued income490/1 | €6k | €19k | €5k | €5k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.15M | €3.11M | €2.80M | €2.82M | €1.70M | ▼ 39.5% |
| Equity10/15 | €2.56M | €2.47M | €2.25M | €1.95M | €1.38M | ▼ 29.2% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | €75k | €75k | €75k | €75k | €75k | = |
| Issued capital100 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €2.49M | €2.40M | €2.17M | €1.87M | €1.33M | ▼ 29.1% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €2.48M | €2.39M | €2.16M | €1.87M | €1.32M | ▼ 29.2% |
| Profit (loss) carried forward14 | €1k | €2k | €2k | €2k | €-24k | ▼ 1,665% |
| Amounts payable17/49 | €590k | €638k | €550k | €866k | €323k | ▼ 62.7% |
| Amounts payable within one year42/48 | €590k | €638k | €550k | €866k | €322k | ▼ 62.8% |
| Trade debts44 | €516k | €360k | €201k | €485k | €313k | ▼ 35.5% |
| Suppliers440/4 | €516k | €360k | €201k | €485k | €313k | ▼ 35.5% |
| Taxes, remuneration and social security45 | €73k | €29k | €14k | €4k | €9k | ▲ 151% |
| Taxes450/3 | €49k | €6k | €5k | €236 | €3k | ▲ 1,226% |
| Remuneration and social security454/9 | €24k | €22k | €9k | €4k | €6k | ▲ 78.6% |
| Other amounts payable47/48 | - | €250k | €334k | €377k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €998 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €445k | €161k | €108k | €92k | €-25k | ▼ 127% |
| + Depreciation and write-downs630 | €9k | €9k | €7k | €4k | €3k | ▼ 28.8% |
| Operating cash flow (approximation) | €454k | €171k | €116k | €96k | €-23k | ▼ 124% |
| Investment in fixed assets (approximation) | - | €-110k | €267k | €-270k | €0 | ▲ 100% |
| Change in cash | - | €-108k | €-550k | €-24k | €-2k | ▲ 92.6% |
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 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €445k ▲917%
Operating result €591k, net result €445k, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.07M ▲18.8%
2 profitable years in a row build equity to €2.07M.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Antwerpen · 1 establishment unit since 1997
Ground area
130 m²
Building footprint
130 m²
Volume, LiDAR
1,300 m³
Parcel 11810K1516/00V012, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Montebellostraat 40, 2018 Antwerpen
since 19972.073.729.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1516/00V012 | Flanders | 130 m² | 1 · 130 m² | 14.4 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,863 EUR awarded · 3,863 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,863 EUR | 3,863 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Legal Entity Identifier
2549001XOXNKI1IK4997
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.