Appflow
ActiveSummary
Appflow has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,425 and a net result of -€17,865. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency70▼-30
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 4.92 in 2024; short-term debt: 54.3% and cash: 38.4% of total assets), but 54.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.4%
Return on assets
-20.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
18 d early
2024
24 d early
2023
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,425▼ 30.6%
2024 · €58,289
Total assets
€89,035▲ 24.9%
2024 · €71,295
Net result
-€17,865
2024 · €45,129
Working capital
€31,860▼ 37.4%
2024 · €50,924
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€19,169-€60,565▲ 216%-€15,680
Net result€13,992-€45,129▲ 223%-€17,865
Equity€14,826-€58,289▲ 293%€40,425▼ 30.6%
Total assets€43,388-€71,295▲ 64.3%€89,035▲ 24.9%
Debt€28,563-€13,006▼ 54.5%€48,611▲ 274%
Working capital€11,357-€50,924▲ 348%€31,860▼ 37.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15,680 after €60,565 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,035
Fixed assets
€8,838 ▲ 20.0%
Current assets
€80,198 ▲ 25.4%
Equity and liabilities €89,035
Equity
€40,425 ▼ 30.6%
Debt
€48,611 ▲ 274%
Debt's share of the balance-sheet total rises from 18.2% to 54.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,400▼
2024 · €63,047
Cash flow
-€13,584▼
2024 · €47,611
Current ratio
1.66▼
2024 · 4.92
Debt to equity
1.20▲
2024 · 0.22
ROE
-44.2%▼
2024 · 77.4%
ROA
-20.1%▼
2024 · 63.3%
Interest coverage
-5.22▼
2024 · 18.06
Debt ≤ 1 year
€48,338▲
2024 · €13,006
Income taxes
€261▼
2024 · €11,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76 | €2,482 | €4,280 | ▲ 72.5% |
| Other operating charges640/8 | - | €125 | €125 | ▲ 0.3% |
| Gross operating margin9900 | €19,245 | €63,172 | -€11,274 | ▼ 118% |
| Operating profit (loss)9901 | €19,169 | €60,565 | -€15,680 | ▼ 126% |
| Financial income75/76B | - | - | €259 | - |
| Recurring financial income75 | - | - | €259 | - |
| Financial charges65/66B | €1,412 | €3,491 | €2,183 | ▼ 37.5% |
| Recurring financial charges65 | €1,412 | €3,491 | €2,183 | ▼ 37.5% |
| Profit (loss) for the period before taxes9903 | €17,757 | €57,074 | -€17,604 | ▼ 131% |
| Income taxes67/77 | €3,765 | €11,945 | €261 | ▼ 97.8% |
| Profit (loss) for the period9904 | €13,992 | €45,129 | -€17,865 | ▼ 140% |
| Profit (loss) for the period to be appropriated9905 | €13,992 | €45,129 | -€17,865 | ▼ 140% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43,388 | €71,295 | €89,035 | ▲ 24.9% |
| Fixed assets21/28 | €3,469 | €7,366 | €8,838 | ▲ 20.0% |
| Tangible fixed assets22/27 | €3,469 | €7,366 | €8,838 | ▲ 20.0% |
| Plant, machinery and equipment23 | - | - | €1,592 | - |
| Furniture and vehicles24 | €3,469 | €7,366 | €7,245 | ▼ 1.6% |
| Current assets29/58 | €39,919 | €63,930 | €80,198 | ▲ 25.4% |
| Amounts receivable within one year40/41 | €32,421 | €19,220 | €45,067 | ▲ 134% |
| Trade receivables40 | €32,186 | €15,246 | €32,173 | ▲ 111% |
| Other amounts receivable41 | €235 | €3,974 | €12,894 | ▲ 224% |
| Cash at bank and in hand54/58 | €7,414 | €44,566 | €34,214 | ▼ 23.2% |
| Deferred charges and accrued income490/1 | €85 | €143 | €917 | ▲ 541% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43,388 | €71,295 | €89,035 | ▲ 24.9% |
| Equity10/15 | €14,826 | €58,289 | €40,425 | ▼ 30.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €12,326 | €55,789 | €55,789 | = |
| Distributable reserves133 | €12,326 | €55,789 | €55,789 | = |
| Profit (loss) carried forward14 | - | - | -€17,865 | - |
| Amounts payable17/49 | €28,563 | €13,006 | €48,611 | ▲ 274% |
| Amounts payable within one year42/48 | €28,563 | €13,006 | €48,338 | ▲ 272% |
| Trade debts44 | €966 | €1,143 | €43,451 | ▲ 3,703% |
| Suppliers440/4 | €966 | €1,143 | €43,451 | ▲ 3,703% |
| Taxes, remuneration and social security45 | €10,699 | €10,198 | €4,887 | ▼ 52.1% |
| Taxes450/3 | €7,639 | €10,198 | €4,887 | ▼ 52.1% |
| Remuneration and social security454/9 | €3,060 | - | - | - |
| Other amounts payable47/48 | €16,898 | €1,666 | - | - |
| Accrued charges and deferred income492/3 | - | - | €273 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,992 | €45,129 | -€17,865 | ▼ 140% |
| + Depreciation and write-downs630 | €76 | €2,482 | €4,280 | ▲ 72.5% |
| Operating cash flow (approximation) | €14,068 | €47,611 | -€13,584 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€6,378 | -€5,752 | ▲ 9.8% |
| Change in cash | - | €37,153 | -€10,352 | ▼ 128% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€17,865
Net result drops to -€17,865, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €45,129 ▲223%
Operating result €60,565, net result €45,129, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.92
Current ratio from 1.40 to 4.92; short-term debt falls from €28,563 to €13,006.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2023
Ground area
5,658 m²
Building footprint
875 m²
Volume, LiDAR
8,183 m³
Parcel 71483C0070/00M000, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Appflow
since 20232.348.539.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483C0070/00M000 | Flanders | 5,658 m² | 1 · 875 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845001CF48AA0B07822
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 14,987 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47120Other non-specialised retail sale
58290Other software publishing
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-mail
info@appflow.be
Phone
+32 472 98 87 56
Scores and ratios are computed by Checked and are not a credit decision.