FLYING WHEEL
ActiveFLYING WHEEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59k and a net result of €39k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 56% of 591 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
94
/ 100
Excellent▲ +26 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency83▲+29
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.39 in 2023), but 53.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-10-2025, 80 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
80 d late
2023
61 d late
2022
67 d late
2021
75 d late
2020
3 d early
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€59k▲ 207%
2023 · €19k
2018: €31k
2019: €18k
2020: €2k
2021: €6k
2022: €13k
2023: €19k
2018 → 2024
Total assets
€126k▲ 90.3%
2023 · €66k
2018: €77k
2019: €71k
2020: €66k
2021: €67k
2022: €68k
2023: €66k
2018 → 2024
Net result
€39k▲ 585%
2023 · €6k
2018: €237
2019: €-13k
2020: €-15k
2021: €4k
2022: €7k
2023: €6k
2018 → 2024
Working capital
€41k▲ 122%
2023 · €18k
2018: €-7k
2019: €-5k
2020: €-13k
2021: €-2k
2022: €13k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€6k▲ 171%€13k▲ 120%€19k▲ 43.5%€59k▲ 207%
Operating result€-14k-€8k€14k▲ 78.3%€12k▼ 13.9%€64k▲ 412%
Net result€-15k-€4k€7k▲ 90.4%€6k▼ 20.4%€39k▲ 585%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 412% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€18k▲ 2,436%
Current assets
€108k▲ 65.0%
Equity and liabilities €126k
Equity
€59k▲ 207%
Debt
€67k▲ 43.0%
The debt ratio falls from 71.2% to 53.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€66k▲
2023 · €13k
Cash flow
€42k▲
2023 · €6k
Solvency
46.5%▲
2023 · 28.8%
Current ratio
1.60▲
2023 · 1.39
Quick ratio
1.55▲
2023 · 0.90
Debt / equity
1.15▼
2023 · 2.48
ROE
67.5%▲
2023 · 30.3%
ROA
31.4%▲
2023 · 8.7%
Interest coverage
36.44▲
2023 · 2.44
Debt
€67k▲
2023 · €47k
Debt ≤ 1 year
€67k▲
2023 · €47k
Income taxes
€22k▲
2023 · €2k
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€66k€126k▲
Fixed assets21/28€706€18k▲
Tangible fixed assets22/27€706€18k▲
Furniture and vehicles24€706€18k▲
Current assets29/58€65k€108k▲
Stocks and contracts in progress3€23k€3k▼
Stocks30/36€23k€3k▼
Amounts receivable within one year40/41€20k€32k▲
Trade receivables40€14k€32k▲
Other amounts receivable41€6k€0▼
Cash at bank and in hand54/58€23k€73k▲
Equity and liabilities
Total equity and liabilities10/49€66k€126k▲
Equity10/15€19k€59k▲
Contributions10/11€19k€19k=
Reserves13€2k€40k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€38k
Profit (loss) carried forward14€-1k€0▲
Amounts payable17/49€47k€67k▲
Amounts payable within one year42/48€47k€67k▲
Current portion of amounts payable after more than one year42€4k€7k▲
Trade debts44€6k€605▼
Suppliers440/4€6k€605▼
Taxes, remuneration and social security45€2k€31k▲
Taxes450/3€2k€31k▲
Other amounts payable47/48€36k€29k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€307€3k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€14k€68k▲
Operating profit (loss)9901€12k€64k▲
Financial income75/76B€276€178▼
Recurring financial income75€276€178▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€7k€62k▲
Income taxes67/77€2k€22k▲
Profit (loss) for the period9904€6k€39k▲
Profit (loss) for the period to be appropriated9905€6k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€38k▲
Profit (loss) brought forward from the previous period14P€-7k€-1k▲
Transfer to equity691/2-€38k
To other reserves6921-€38k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 80 days late
2024
31-12
Financial
Highest result since 2018net €39k ▲585%
Operating result €64k, net result €39k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Sint-Martens-Latem · 1 establishment unit since 2000
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.
Latemstraat 1069830 Sint-Martens-LatemGround area
2,861 m²
Building footprint
80 m²
Volume, LiDAR
393 m³
Parcel 44064A0248/00N000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLYING WHEEL
since 20002.059.544.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0248/00N000 | Flanders | 2,861 m² | 1 · 80 m² | 6.8 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
MAXGIL
BE 0729.742.876
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SCALDIS REIZEN
BE 0427.776.334
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GIGATOP ou GIGATOUR ou GIGATOUR VOYAGES ou GIGATOUR TRAVEL
BE 0456.104.787
Aywaille · Eq €58k
BTF TRAVEL
BE 0715.438.544
Schaarbeek · Eq €59k
INTER-TRAVEL MEETING
BE 0806.973.187
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Of 1,430 companies in sector 79110 we hold annual accounts for 874. 701 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-10-1992
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
46832Wholesale of timber
47559Retail sale of other household articles
47599Retail trade
70200Business and other management consultancy
70220Business consulting
74142
74872
82990Other business support services
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.