FLECHAGRI
ActiveSummary
The computed 12-month bankruptcy probability of FLECHAGRI is 1.8% (moderate). The 2025 annual accounts show negative equity (-€96,465) and a net result of -€23,657. Equity is shrinking by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 4600 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-52
Solvency0=
Growth39▼-17
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.05 in 2024; short-term debt: 184.3% and cash: 4.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-147.9%
Return on assets
-36.3%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€96,465
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
9 d early
2023
6 d early
2022
2 d early
2021
30 d early
2020
20 d late
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 22 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€31,807▼ 35.4%
2023 · €49,248
EBIT margin
-19.8%▼ 22.7pp
2023 · 2.9%
Net result
-€23,657▼ 224%
2024 · -€7,305
Working capital
-€110,543▼ 10.1%
2024 · -€100,386
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€28,361€49,248▲ 73.6%€31,807▼ 35.4%
Operating result-€24,083-€18,562▲ 22.9%€1,440-€6,288-€20,180▼ 221%
Net result-€31,721below the sector's middle half-€23,868below the sector's middle half▲ 24.8%€289within the sector's middle half-€7,305below the sector's middle half-€23,657below the sector's middle half▼ 224%
EBIT margin-65.4%2.9%▲ 68.4pp-19.8%▼ 22.7pp
Equity-€41,924below the sector's middle half▼ 311%-€65,792below the sector's middle half▼ 56.9%-€65,503below the sector's middle half▲ 0.4%-€72,808below the sector's middle half▼ 11.2%-€96,465below the sector's middle half▼ 32.5%
Total assets€123,873within the sector's middle half▼ 19.3%€81,732within the sector's middle half▼ 34.0%€71,491within the sector's middle half▼ 12.5%€32,943below the sector's middle half▼ 53.9%€65,215within the sector's middle half▲ 98.0%
Debt€165,797▲ 1.2%€147,523▼ 11.0%€136,994▼ 7.1%€105,750▼ 22.8%€161,679▲ 52.9%
Working capital-€106,891below the sector's middle half▼ 29.2%-€121,423below the sector's middle half▼ 13.6%-€96,915below the sector's middle half▲ 20.2%-€100,386below the sector's middle half▼ 3.6%-€110,543below the sector's middle half▼ 10.1%
Solvency-33.8%below the sector's middle half▼ 27.2pp-80.5%below the sector's middle half▼ 46.7pp-91.6%below the sector's middle half▼ 11.1pp-221.0%below the sector's middle half▼ 129.4pp-147.9%below the sector's middle half▲ 73.1pp
Current ratio0.05below the sector's middle half▲ 0.020.02below the sector's middle half▼ 0.030.24below the sector's middle half▲ 0.230.05below the sector's middle half▼ 0.190.08below the sector's middle half▲ 0.03
Return on assets (ROA)-25.6%below the sector's middle half▼ 26.2pp-29.2%below the sector's middle half▼ 3.6pp0.4%within the sector's middle half▲ 29.6pp-22.2%below the sector's middle half▼ 22.6pp-36.3%below the sector's middle half▼ 14.1pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,180 in 2025 against €6,288 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,215
Fixed assets
€55,582 ▲ 102%
Current assets
€9,633 ▲ 79.6%
Equity and liabilities
Equity-€96,465
Debt€161,679
Equity is negative: debt (€161,679) exceeds the balance-sheet total (€65,215).
Key figures and ratios
EBITDA
-€2,283▼
2024 · €4,666
Cash flow
-€5,760▼
2024 · €3,649
Quick ratio
0.07▲
2024 · 0.04
Interest coverage
-0.64▼
2024 · 4.59
Debt ≤ 1 year
€120,176▲
2024 · €105,750
Debt > 1 year
€41,504
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €28,361 | €49,248 | €31,807 | - | - |
| Non-recurring operating income76A | - | €3,000 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €10,622 | €8,507 | €24,847 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,201 | €39,201 | €39,201 | €10,953 | €17,897 | ▲ 63.4% |
| Other operating charges640/8 | - | - | €100 | - | - | - |
| Non-recurring operating charges66A | - | €100 | - | €2,294 | - | - |
| Gross operating margin9900 | €15,118 | €20,739 | €40,741 | €6,960 | -€2,283 | ▼ 133% |
| Operating profit (loss)9901 | -€24,083 | -€18,562 | €1,440 | -€6,288 | -€20,180 | ▼ 221% |
| Financial income75/76B | - | €1 | - | - | €80 | - |
| Recurring financial income75 | - | €1 | - | - | €80 | - |
| Financial charges65/66B | - | €5,306 | €1,152 | €1,017 | €3,557 | ▲ 250% |
| Recurring financial charges65 | €7,638 | €5,306 | €1,152 | €1,017 | €3,557 | ▲ 250% |
| Profit (loss) for the period before taxes9903 | -€31,721 | -€23,868 | €289 | -€7,305 | -€23,657 | ▼ 224% |
| Profit (loss) for the period9904 | -€31,721 | -€23,868 | €289 | -€7,305 | -€23,657 | ▼ 224% |
| Profit (loss) for the period to be appropriated9905 | -€31,721 | -€23,868 | €289 | -€7,305 | -€23,657 | ▼ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,873 | €81,732 | €71,491 | €32,943 | €65,215 | ▲ 98.0% |
| Fixed assets21/28 | €118,728 | €79,527 | €40,326 | €27,578 | €55,582 | ▲ 102% |
| Tangible fixed assets22/27 | €118,728 | €79,527 | €40,326 | €27,578 | €55,582 | ▲ 102% |
| Plant, machinery and equipment23 | - | €17,617 | €2,870 | €1,808 | €39,204 | ▲ 2,068% |
| Leasing and similar rights25 | - | €61,910 | €37,457 | €25,770 | €16,378 | ▼ 36.4% |
| Current assets29/58 | €5,145 | €2,205 | €31,165 | €5,364 | €9,633 | ▲ 79.6% |
| Stocks and contracts in progress3 | - | - | - | €1,559 | €1,376 | ▼ 11.7% |
| Stocks30/36 | - | - | - | €1,559 | €1,376 | ▼ 11.7% |
| Amounts receivable within one year40/41 | €4,903 | €2,051 | €28,003 | €3,792 | €5,468 | ▲ 44.2% |
| Trade receivables40 | - | €59 | €26,611 | €2,255 | €4,794 | ▲ 113% |
| Other amounts receivable41 | - | €1,993 | €1,393 | €1,537 | €674 | ▼ 56.2% |
| Cash at bank and in hand54/58 | €242 | €153 | €3,161 | €13 | €2,735 | ▲ 20,700% |
| Deferred charges and accrued income490/1 | - | - | - | - | €54 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,873 | €81,732 | €71,491 | €32,943 | €65,215 | ▲ 98.0% |
| Equity10/15 | -€41,924 | -€65,792 | -€65,503 | -€72,808 | -€96,465 | ▼ 32.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | - | - |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | - | - |
| Distributable reserves133 | - | - | - | - | €620 | - |
| Profit (loss) carried forward14 | -€61,144 | -€85,012 | -€84,723 | -€92,028 | -€115,685 | ▼ 25.7% |
| Amounts payable17/49 | €165,797 | €147,523 | €136,994 | €105,750 | €161,679 | ▲ 52.9% |
| Amounts payable after more than one year17 | €53,761 | €23,896 | €8,915 | - | €41,504 | - |
| Financial debts170/4 | - | €23,896 | €8,915 | - | €41,504 | - |
| Amounts payable within one year42/48 | €112,036 | €123,628 | €128,079 | €105,750 | €120,176 | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | - | €33,891 | €25,007 | €8,915 | €10,807 | ▲ 21.2% |
| Trade debts44 | €30,421 | €29,934 | €35,763 | €46,257 | €30,758 | ▼ 33.5% |
| Suppliers440/4 | - | €29,934 | €35,763 | €46,257 | €30,758 | ▼ 33.5% |
| Taxes, remuneration and social security45 | - | - | €2,500 | €6,500 | €3,900 | ▼ 40.0% |
| Taxes450/3 | - | - | - | €1,500 | €1,500 | = |
| Remuneration and social security454/9 | - | - | €2,500 | €5,000 | €2,400 | ▼ 52.0% |
| Other amounts payable47/48 | - | €59,802 | €64,809 | €44,079 | €74,711 | ▲ 69.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,721 | -€23,868 | €289 | -€7,305 | -€23,657 | ▼ 224% |
| + Depreciation and write-downs630 | €39,201 | €39,201 | €39,201 | €10,953 | €17,897 | ▲ 63.4% |
| Operating cash flow (approximation) | €7,480 | €15,333 | €39,489 | €3,649 | -€5,760 | ▼ 258% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,794 | -€45,900 | ▼ 2,658% |
| Change in cash | - | -€89 | €3,008 | -€3,148 | €2,722 | ▲ 186% |
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €289
Net result €289 after 2 loss-making years.
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€31,721
Net result drops to -€31,721, the lowest in the series; recovery starts the following year.
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
31-03
Financial
Back to profitnet €847
Net result €847 after one loss-making year.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Braine-l'Alleud
Ground area
4.8 ha
Building footprint
3,980 m²
Volume, LiDAR
27,972 m³
Parcel 25744I0009/00G000, Wallonia · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744I0009/00G000 | Wallonia | 4.8 ha | 1 · 3,980 m² | 10.9 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,212 companies in this sector we hold annual accounts for 4,372. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-05-2007
Fiscal year end31-03
Activities, NACEBEL 2025
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889915909
Also
9925:BE0889915909
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.