Flocan Services

Active

Private limited company (pre-2019)founded 20188 yrs activeErnest Salustraat 40, 1020 Brussel, BelgiumKBO/BCE: BE 0687.979.923

Summary

Flocan Services has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▲+11

Solvency57▼-43

Growth32=

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.44 against 10.52 in 2023; short-term debt: 67.9% and cash: 85.6% of total assets), and 67.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

32.1%

Return on assets

-6.3%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-4k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

33 d early

2022

41 d early

2021

18 d early

2020

30 d early

2019

18 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€20k▼ 65.0%

2023 · €59k

2018: €108k 2019: €229k 2020: €30k 2021: €35k 2022: €78k 2023: €59k

2018 → 2024

Total assets

€64k▼ 0.4%

2023 · €64k

2018: €120k 2019: €258k 2020: €376k 2021: €210k 2022: €81k 2023: €64k

2018 → 2024

Net result

€-4k▲ 79.2%

2023 · €-19k

2018: €102k 2019: €113k 2020: €102k 2021: €124k 2022: €43k 2023: €-19k

2018 → 2024

Working capital

€19k▼ 64.7%

2023 · €54k

2018: €107k 2019: €228k 2020: €15k 2021: €23k 2022: €69k 2023: €54k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€30k-€35k▲ 15.6%€78k▲ 122%€59k▼ 24.8%€20k▼ 65.0%

Operating result€130k-€161k▲ 23.6%€55k▼ 66.1%€-19k€-4k▲ 80.3%

Net result€102k-€124k▲ 21.9%€43k▼ 65.6%€-19k€-4k▲ 79.2%

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 €4k in 2024 against €19k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €64k

97.5%

Fixed assets €2k ▼ 68.4%

Current assets €62k ▲ 5.3%

Equity and liabilities €64k

32.1%

67.9%

Equity €20k ▼ 65.0%

Debt €43k ▲ 671%

Debt's share of the balance-sheet total rises from 8.8% to 67.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-345▲

2023 · €-16k

Cash flow

€-620▲

2023 · €-16k

Current ratio

1.44▼

2023 · 10.52

Debt to equity

2.12▲

2023 · 0.10

ROE

-19.6%▲

2023 · -33.1%

ROA

-6.3%▲

2023 · -30.2%

Interest coverage

-2.56▲

2023 · -77.27

Debt ≤ 1 year

€43k▲

2023 · €6k

Income taxes

€140▲

2023 · €131

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 · 2024 against 2023 · 39 lines

Balance sheet Code20232024

Assets

Total assets20/58€64k€64k▼

Fixed assets21/28€5k€2k▼

Tangible fixed assets22/27€5k€2k▼

Furniture and vehicles24€5k€2k▼

Current assets29/58€59k€62k▲

Amounts receivable within one year40/41€316€6k▲

Trade receivables40€212€6k▲

Other amounts receivable41€104-

Cash at bank and in hand54/58€58k€55k▼

Deferred charges and accrued income490/1€575€1k▲

Equity and liabilities

Total equity and liabilities10/49€64k€64k▼

Equity10/15€59k€20k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€38k€33▼

Amounts payable17/49€6k€43k▲

Amounts payable within one year42/48€6k€43k▲

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Taxes, remuneration and social security45€951€5k▲

Taxes450/3€951€5k▲

Other amounts payable47/48€3k€36k▲

Income statement Code20232024

Remuneration, social security and pensions62€20-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=

Other operating charges640/8€747€428▼

Gross operating margin9900€-15k€83▲

Operating profit (loss)9901€-19k€-4k▲

Financial charges65/66B€202€135▼

Recurring financial charges65€202€135▼

Profit (loss) for the period before taxes9903€-19k€-4k▲

Income taxes67/77€131€140▲

Profit (loss) for the period9904€-19k€-4k▲

Profit (loss) for the period to be appropriated9905€-19k€-4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€38k€34k▼

Profit (loss) brought forward from the previous period14P€57k€38k▼

Profit to be distributed694/7-€34k

Return on contributions (dividend)694-€34k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-19k ▼145%

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

20-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity times 24current ratio 26.94

Current ratio from 1.13 to 26.94; short-term debt falls from €175k to €3k.

13-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €124k ▲21.9%

Operating result €161k, net result €124k, both a record.

01-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

18-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 18 days late

2019

31-12

Financial Equity above €200kEq €229k ▲112%

2 profitable years in a row build equity to €229k.

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Brussel · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Ernest Salustraat 401020 Brussel

Ground area

300 m²

Building footprint

110 m²

Volume, LiDAR

770 m³

Parcel 21816G0151/00L005, Brussels · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Ernest Salustraat 40, 1020 Brussel

Activities of head offices; management consultancy activities

since 20182.273.057.616

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21816G0151/00L005	Brussels	300 m²	1 · 110 m²	13.9 m · 2 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.

Similar companies · same sector, comparable size

MARPOR

BE 0525.639.337

Kortenaken · Eq €20,492

AVSB

BE 0663.860.377

Sambreville · Eq €20,495

LA FINANCIERE DE WAHA

BE 0550.640.393

Marche-en-Famenne · Eq €20,496

Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 30,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded16-01-2018

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.