Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FLY WIN from Liège, company number BE0542515258, closed financial year 2025 with a result of € -6,334 after tax. For that financial year FLY WIN recorded a gross margin of € -347 and equity of € -61,787. Compared with financial year 2024, the result moved from € -13,906 to € -6,334. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -61,787
▼ € 6,334 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,334
▲ 54 % less loss than in 2024
Profit after tax over the fiscal year.
€ 188
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -761,787.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 795
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 98,860 | € 39,459 | € -3,381 | € -347 | ▲ € 3,034 |
| Profit after taxes | € -82,403 | € -45,012 | € -13,906 | € -6,334 | ▲ € 7,572 |
| Equity | € 3,464 | € -41,548 | € -55,453 | € -61,787 | ▼ € 6,334 |
| Total debts | € 232,844 | € 242,475 | € 243,206 | € 248,622 | ▲ 2% |
| Cash | € 2,864 | € 565 | € 547 | € 188 | ▼ 66% |
| Retained profit | € -696,536 | € -741,548 | € -755,453 | € -761,787 | ▼ € 6,334 |
| Balance sheet total | € 236,307 | € 200,928 | € 187,753 | € 186,834 | |
| Employees (FTE) | - | 2 | - | - |
Key figures of FLY WIN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FLY WIN?
What happened at FLY WIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- INVEST MINGUET GESTION SA stepped down as director. NBB
- Laurent MINGUET stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,334. filed late Source: NBB ↗
- INVEST MINGUET GESTION SA became a director. NBB
- Laurent MINGUET became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 82,403 loss in 2022 to € 6,334 loss in 2025.
Paid € 214 in corporate taxes since 2022.
On average € 19,700 of value added per employee in 2023.
A new publication or filing at FLY WIN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Invest Minguet Gestion, NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FLY WINThe shares are held by Invest Minguet Gestion (74%) and NOSHAQ (25%).
Directors
According to the 2025 annual accounts
Director · represented by Florent MINGUET
Also active at: LE CYGNE BLANC, ALL THERMIC SOLUTIONS, MARTINE & Co, LES VILLAS DE BALMORAL, NEXT ENERGY, FLERON CONSTRUCT, HOLDING MINGUET MORTIER, HOSE +10 more
since 2023 · until 2029
Laurent MINGUET
Director
Also active at: IMODAVE, LE CYGNE BLANC, ALL THERMIC SOLUTIONS, Invest Minguet Gestion, CHEVALIER, MARTINE & Co, CHARL, SYSTÈMES PHOTOVOLTAÏQUES +46 more
since 2022 · until 2028
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →ALL THERMIC SOLUTIONS same network
€ 711,106 revenue · 2024
Invest Minguet Gestion same network
€ 827,890 revenue · 2024
CHEVALIER same network
€ -1,619 gross margin · 2025
SYSTÈMES PHOTOVOLTAÏQUES same network
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons same network
€ 1.9 million gross margin · 2025
+53 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ESI-INFORMATIQUE-AS, BE
Website info
Features
Security
Details
- Company number
- 0542.515.258
- VAT number
- BE 0542.515.258
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- FLY WIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 2013
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- flyinliege.be
- Activities · NACE
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