FLYCO
ActiveFLYCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.41M and a net result of €19k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 160 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▲+23
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
short-term debt: 0% and cash: 7.5% of total assets, and 0% of the assets are financed with debt.
Credit advice 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
100%
Return on assets
1.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
62 d late
2022
91 d late
2021
78 d late
2020
89 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.41M▲ 2.6%
2023 · €1.37M
2018: €917k
2019: €980k
2020: €1.04M
2021: €1.09M
2022: €1.07M
2023: €1.37M
2018 → 2024
Total assets
€1.41M▲ 2.5%
2023 · €1.37M
2018: €923k
2019: €980k
2020: €1.04M
2021: €1.09M
2022: €1.07M
2023: €1.37M
2018 → 2024
Net result
€19k
2023 · €-4k
2018: €56k
2019: €47k
2020: €58k
2021: €29k
2022: €-25k
2023: €-4k
2018 → 2024
Working capital
€644k▲ 3.0%
2023 · €625k
2018: €520k
2019: €542k
2020: €608k
2021: €640k
2022: €623k
2023: €625k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.04M-€1.09M▲ 5.2%€1.07M▼ 1.5%€1.37M▲ 27.8%€1.41M▲ 2.6%
Operating result€79k-€60k▼ 24.6%€-25k€-9k▲ 64.6%€26k
Net result€58k-€29k▼ 49.8%€-25k€-4k▲ 82.6%€19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26k after a loss of €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.41M
Fixed assets
€761k▲ 2.2%
Current assets
€645k▲ 2.7%
Equity and liabilities €1.41M
Equity
€1.41M▲ 2.6%
Debt
€584▼ 72.4%
The debt ratio falls from 0.2% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
100.0%▲
2023 · 99.8%
Debt / equity
0.00▼
2023 · 0.00
ROE
1.3%▲
2023 · -0.3%
ROA
1.3%▲
2023 · -0.3%
Debt
€584▼
2023 · €2k
Debt ≤ 1 year
€584▼
2023 · €2k
Income taxes
€7k▲
2023 · €-5k
Staff costs
€53▼
2023 · €960
A ratio outside any meaningful range has been withheld (balance sheet total €1.41M, equity €1.41M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.37M€1.41M▲
Fixed assets21/28€745k€761k▲
Tangible fixed assets22/27€3k€3k=
Plant, machinery and equipment23€3k€3k=
Furniture and vehicles24€0€0=
Financial fixed assets28€742k€759k▲
Current assets29/58€627k€645k▲
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€2k€3k▲
Other amounts receivable41€8k€5k▼
Current investments50/53€308k€531k▲
Cash at bank and in hand54/58€309k€105k▼
Deferred charges and accrued income490/1-€118
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.41M▲
Equity10/15€1.37M€1.41M▲
Contributions10/11€6k€6k=
Revaluation surpluses12€742k€759k▲
Reserves13€650k€622k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€22k€22k=
Distributable reserves133€627k€598k▼
Profit (loss) carried forward14€-29k€19k▲
Amounts payable17/49€2k€584▼
Amounts payable within one year42/48€2k€584▼
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€546€584▲
Taxes450/3€546€584▲
Income statement
Code20232024
Non-recurring operating income76A-€17k
Remuneration, social security and pensions62€960€53▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k-
Other operating charges640/8€256€207▼
Gross operating margin9900€-585€26k▲
Operating profit (loss)9901€-9k€26k▲
Financial income75/76B-€118
Recurring financial income75-€118
Non-recurring financial income76B-€0
Financial charges65/66B€319€367▲
Recurring financial charges65€319€367▲
Profit (loss) for the period before taxes9903€-9k€25k▲
Income taxes67/77€-5k€7k▲
Profit (loss) for the period9904€-4k€19k▲
Profit (loss) for the period to be appropriated9905€-4k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-10k▲
Profit (loss) brought forward from the previous period14P€-25k€-29k▼
Transfer from equity791/2-€29k
Transfer to equity691/2-€0
To other reserves6921-€0
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1103.84
Current ratio from 296.95 to 1103.84; short-term debt falls from €2k to €584.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet €-25k ▼184%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Liquidity times 5current ratio 2092.80
Current ratio from 432.98 to 2092.80; short-term debt falls from €1k to €306.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €58k ▲24.5%
Net result €58k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.04M ▲5.7%
3 profitable years in a row build equity to €1.04M.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Liquidity times 45current ratio 3898.79
Current ratio from 85.73 to 3898.79; short-term debt falls from €6k to €139.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 66 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wommelgem · 1 establishment unit since 2003
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.
Ternesselei 1322160 WommelgemGround area
450 m²
Building footprint
133 m²
Volume, LiDAR
647 m³
Parcel 11052C0576/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Ternesselei 132, 2160 Wommelgem
since 20032.304.107.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0576/00N000 | Flanders | 450 m² | 1 · 133 m² | 10.1 m · 1 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.
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HELI AND CO
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Of 452 companies in sector 51100 we hold annual accounts for 170. 64 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2003
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.