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FLUVES

Active
Public limited companyfounded 2014active for 12 yearsStropkaai 55, 9000 Gent, BelgiumKBO/BCE: BE 0563.781.222
Summary

FLUVES has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€1.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 1,678 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Computer consultancy and computer facilities management
NACE 62200Engineering and related technical consultancy, excluding land surveyors NACE 71121
1 site
Size
€4.1mtotal assets 2025
Staff
11.5 FTE
Equity
€1.6m
Loss
-€1.1m
Net result -133%: other schema
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
KORYS INVESTMENTS · 100%
Board
4 members
  • KORYS MANAGEMENTChair · permanent representative Frederik Bauwens
  • LeptonManaging director · permanent representative Stefaan Sonck Thiebaut
Auditor: EY Bedrijfsrevisoren BVAccounts 36 days early3 of 14 deeds read
Why 84raises riskLoss of €1.1m, the second in a row (financial year 2025)lowers riskFigures for financial year 2025 (filed 25-06-2026)Sector: Computer programming, consultancy and related activities (NACE 62)Equity €1.6m (40.0% of total assets)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 35% of its sector peers (NACE 62, small)
Financial strength · tick = 2024
Weak
Solvency 65-31
equity 40.0% of total assets
Liquidity 61+13
short-term debt 15.2% · cash 11.7%
Profitability 0-3
return on assets -27.7%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,158 companies, NACE 62, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.2%▼ -0.2 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.7%▲ +0.5 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.2 percentage points vs 07-2026 09-2026: 1.3%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.3%▼ -1.0 percentage point vs 09-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.57, compared with 1.55 in 2024; short-term debt: 15.2% and cash: 11.7% of total assets), but 60% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small): better than 50% on solvency, 74% on liquidity, 4% on profitability and 11% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Loss of €1.1m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 25-06-2026)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Equity €1.6m (40.0% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.1m
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
34 days early
2023
36 days early
2022
25 days early
2021
19 days early
2020
4 days early
2019
28 days 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 26 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Capital & shares · RestructuringMerger · Accounting effect ·…
  3. Capital & shares · RestructuringPermanent representatives: Frederik Bauwens, Quentin…

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€1.1m View
  • Caution: Result fell in 2025different schema filed ▼ 133% View
  • Caution: Among the weakest 5% on net resultsector median €36,859 · 1,679 companies -€1.1m View
  • Board changedlatest change 02-12-2025 · 4 in office 4 joined · 3 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by KORYS INVESTMENTSultimately: Virya Energy 100% View
  • Merger with Marlinksmerger on 01-06-2026 2026 View

By topic

Financials

Financial year
2025
Total assets
€4.1m
Loss
-€1.1m
Solvency
40.0%
Go to Financials

Board & ownership

Board
4 members
Parent
KORYS INVESTMENTS · 100%
Auditor
EY Bedrijfsrevisoren BV
  • KORYS MANAGEMENTChair
  • KORYS BUSINESS SERVICES I NVDirector
  • LeptonManaging director
  • XPLOORDirector
Go to Board & ownership

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 19-01-2026Resignations: Paul Tummers, Thomas Van Hoestenberghe and…
  2. 31-12-2025Weakest financial year
  3. 27-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer consultancy and computer facilities managementNACE 62200
Founded
08-10-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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