Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FLAY from Tielt, company number BE0753980406, closed financial year 2025 with a result of € -4,696 after tax. For that financial year FLAY recorded a gross margin of € 101,860 and equity of € 213,092. Compared with financial year 2024, the result moved from € 202 to € -4,696. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 213,092
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,696
▼ still € 202 profit in 2024
Profit after tax over the fiscal year.
€ 18,755
▲ € 14,123 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -53,408.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 59,864
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
€ 77,026 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 18,435
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,863
▼ 44% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 96,915 | € 89,540 | € 107,775 | € 101,860 | ▼ 5% |
| Profit after taxes | € 40,872 | € -130,879 | € 202 | € -4,696 | ▼ € 4,899 |
| Equity | € 348,465 | € 217,586 | € 217,788 | € 213,092 | ▼ 2% |
| Total debts | € 637,728 | € 1,078,014 | € 1,352,080 | € 1,356,006 | |
| Cash | € 41,824 | € 16,024 | € 4,632 | € 18,755 | ▲ € 14,123 |
| Land & buildings | € 802,691 | € 1,120,203 | € 1,315,841 | € 1,348,351 | ▲ 2% |
| Retained profit | € 81,965 | € -48,914 | € -48,712 | € -53,408 | ▼ € 4,696 |
| Bank debt | € 587,220 | € 948,798 | € 1,221,155 | € 1,221,193 | |
| Balance sheet total | € 986,193 | € 1,295,600 | € 1,569,868 | € 1,569,098 |
Key figures of FLAY, 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 FLAY?
What happened at FLAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,696 (▼ € 4,899 vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- Pieter Van de Walle became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 40,872 profit in 2022 to € 4,696 loss in 2025.
Paid € 16,013 in corporate taxes since 2022.
Best year ever: 2022, with € 40,872 profit.
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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
Behind FLAY is Pieter Van de Walle. It owns 33.3% of Duwa itself.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Appelstraat 39
8700 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0753.980.406
- VAT number
- BE 0753.980.406
- Registered office
- Appelstraat 39, 8700 Tielt
- Names & denominations
- FLAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 2020
- Peppol
- Active · Active since 11 Jul 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige zakelijke dienstverlening, neg
Diverse administratieve activiteiten ten behoeve van kantoren