Result
From profit to loss in 2025, after a profit of €45,129 in 2024.
From profit to loss in 2025, after a profit of €45,129 in 2024.
Short-term debts rose from €13,006 to €48,338.
Lower net result than 92% of companies in computer programming and consultancy. Sector median €28,568 · 21,223 companies.
In July 2024, 3,223 companies had the same profile as Appflow has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for Appflow. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Appflow Hasselt | €89,035 | -€11,274 | 45.4% | - |
| COCORAX Zonhoven | €103,628 | -€12,776 | 68.6% | - |
| PROZENTUS Zaventem | €85,062 | -€9,035 | -10.2% | - |
| BLACKSILVER IT Maldegem | €82,510 | -€14,295 | 63.6% | - |
| HEGOA Studio Ixelles | €82,329 | -€653 | 73.7% | - |
| STRATATION Zoersel | €87,287 | -€46,892 | 81.6% | - |
| Wolker Sint-Gillis-Waas | €94,033 | -€18,443 | 49.7% | - |
These companies have the same main activity as Appflow: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €82,300 and €104,000, founded between 2023 and 2024.
Appflow files the micro format. That format states no turnover. The gross margin fell from €19,245 in 2023 to -€11,274 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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