Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2022
FLAS CONSTRUCT from Herstal, company number BE0887822192, closed financial year 2022 with a result of € -26,902 after tax. For that financial year FLAS CONSTRUCT recorded a gross margin of € -18,619 and equity of € -34,014. Compared with financial year 2021, the result moved from € -5,743 to € -26,902. 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 June 28, 2023.
€ -34,014
▼ € 26,902 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,902
▼ 368 % more loss than in 2021
Profit after tax over the fiscal year.
€ 1,810
▼ 89% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -52,614.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 543
▼ 25% vs 2021
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 14,392
▼ 30% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 18,791
▼ 35% vs 2021
€ 6,743 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,513
▼ 69% vs 2021
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € -2,252 | € -18,619 | ▼ € 16,367 |
| Profit after taxes | € -5,743 | € -26,902 | ▼ € 21,159 |
| Equity | € -7,112 | € -34,014 | ▼ € 26,902 |
| Total debts | € 63,487 | € 66,243 | ▲ 4% |
| Cash | € 15,865 | € 1,810 | ▼ 89% |
| Retained profit | € -25,712 | € -52,614 | ▼ € 26,902 |
| Bank debt | € 29,133 | € 18,791 | ▼ 35% |
| Balance sheet total | € 56,375 | € 32,229 | ▼ 43% |
Key figures of FLAS CONSTRUCT, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to FLAS CONSTRUCT?
What happened at FLAS CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: loss of € 26,902. Source: NBB ↗
- New establishment in Thimister-Clermont. KBO
- Start of the company according to the CBE. KBO
- MICHEL FLAS became a director. NBB
In short
From € 5,743 loss in 2021 to € 26,902 loss in 2022.
A new publication or filing at FLAS CONSTRUCT? 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
Directors
According to the 2022 annual accounts
MICHEL FLAS
Manager
since 2007
Establishments
Establishment units
Physical locations of this company
Rue Désiré Janson 69
4040 Herstal
Rue du Tilleul 13
4890 Thimister-Clermont
Active since 7 July 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0887.822.192
- VAT number
- BE 0887.822.192
- Registered office
- Rue Désiré Janson 69, 4040 Herstal
- Names & denominations
- FLAS CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 2007
- Peppol
- Not registered
- Activities · NACE
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