eFlow Connect
ActiveSummary
eFlow Connect has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.69M and a net result of €2.40M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency90▼-10
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 12.47 in 2023; short-term debt: 34.2% and cash: 42.1% of total assets), and 35.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.7%
Return on assets
91.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
50 d early
2022
101 d early
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.40M▲ 6.0%
2023 · €2.27M
2021: €282klowest in 4 years
2022: €1.69M▲ +499% vs 2021
2023: €2.27M▲ +34.3% vs 2022
2024: €2.40M▲ +6.0% vs 2023highest in 4 years
2021 → 2024
Working capital
€1.71M▼ 58.4%
2023 · €4.12M
2021: €260klowest in 4 years
2022: €1.88M▲ +623% vs 2021
2023: €4.12M▲ +119% vs 2022highest in 4 years
2024: €1.71M▼ -58.4% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€262k-€1.95M▲ 644%€4.37M▲ 124%€1.69M▼ 61.3%
2021: €262klowest in 4 years
2022: €1.95M▲ +644% vs 2021
2023: €4.37M▲ +124% vs 2022highest in 4 years
2024: €1.69M▼ -61.3% vs 2023
Operating result€397k-€2.43M▲ 511%€3.02M▲ 24.5%€3.21M▲ 6.3%
2021: €397klowest in 4 years
2022: €2.43M▲ +511% vs 2021
2023: €3.02M▲ +24.5% vs 2022
2024: €3.21M▲ +6.3% vs 2023highest in 4 years
Net result€282k-€1.69M▲ 499%€2.27M▲ 34.3%€2.40M▲ 6.0%
2021: €282klowest in 4 years
2022: €1.69M▲ +499% vs 2021
2023: €2.27M▲ +34.3% vs 2022
2024: €2.40M▲ +6.0% vs 2023highest in 4 years
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.61M
Fixed assets
€7k ▼ 97.9%
Current assets
€2.61M ▼ 41.8%
Equity and liabilities €2.61M
Equity
€1.69M ▼ 61.3%
Provisions
€29k ▲ 2.5%
Debt
€894k ▲ 107%
Debt's share of the balance-sheet total rises from 8.9% to 34.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3.22M▲
2023 · €3.03M
Cash flow
€2.41M▲
2023 · €2.27M
Current ratio
2.92▼
2023 · 12.47
Debt to equity
0.53▲
2023 · 0.10
ROE
141.9%▲
2023 · 51.8%
ROA
91.8%▲
2023 · 46.9%
Interest coverage
68.14▲
2023 · 58.40
Debt ≤ 1 year
€894k▲
2023 · €359k
Income taxes
€790k▲
2023 · €750k
Staff costs
€93k▲
2023 · €92k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.83M€2.61M▼
Fixed assets21/28€352k€7k▼
Intangible fixed assets21€4k€792▼
Tangible fixed assets22/27€152k€6k▼
Land and buildings22€144k-
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€196k-
Current assets29/58€4.48M€2.61M▼
Amounts receivable after more than one year29€2.63M-
Other amounts receivable291€2.63M-
Amounts receivable within one year40/41€796k€1.31M▲
Trade receivables40€649k€1.14M▲
Other amounts receivable41€147k€169k▲
Current investments50/53€402k€198k▼
Cash at bank and in hand54/58€608k€1.10M▲
Deferred charges and accrued income490/1€47k-
Equity and liabilities
Total equity and liabilities10/49€4.83M€2.61M▼
Equity10/15€4.37M€1.69M▼
Contributions10/11€5k€2k▼
Capital10-€2k
Issued capital100-€2k
Revaluation surpluses12€157k-
Reserves13€2.46M€1.21M▼
Tax-exempt reserves132€1.26M€825k▼
Distributable reserves133€1.20M€384k▼
Profit (loss) carried forward14€1.74M€482k▼
Provisions and deferred taxes16€28k€29k▲
Provisions for liabilities and charges160/5€28k€29k▲
Other liabilities and charges164/5€28k€29k▲
Amounts payable17/49€432k€894k▲
Amounts payable after more than one year17€73k-
Financial debts170/4€73k-
Amounts payable within one year42/48€359k€894k▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€228k€784k▲
Suppliers440/4€226k€784k▲
Bills of exchange payable441€1k-
Taxes, remuneration and social security45€24k€39k▲
Taxes450/3€5k€17k▲
Remuneration and social security454/9€19k€22k▲
Other amounts payable47/48€100k€71k▼
Income statement
Code20232024
Remuneration, social security and pensions62€92k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€17k€705▼
Other operating charges640/8€44k€9k▼
Gross operating margin9900€3.18M€3.32M▲
Operating profit (loss)9901€3.02M€3.21M▲
Financial income75/76B€46k€27k▼
Recurring financial income75€46k€27k▼
Financial charges65/66B€52k€47k▼
Recurring financial charges65€52k€47k▼
Profit (loss) for the period before taxes9903€3.02M€3.19M▲
Income taxes67/77€750k€790k▲
Profit (loss) for the period9904€2.27M€2.40M▲
Transfer to tax-exempt reserves689€842k€421k▼
Profit (loss) for the period to be appropriated9905€1.42M€1.98M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.74M€2.54M▲
Profit (loss) brought forward from the previous period14P€322k€558k▲
Profit to be distributed694/7-€2.06M
Return on contributions (dividend)694-€2.06M
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37k | €92k | €93k | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68 | €20k | €7k | €7k | ▲ 4.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €11k | €17k | €705 | ▼ 95.9% |
| Other operating charges640/8 | €166 | €2k | €44k | €9k | ▼ 79.8% |
| Gross operating margin9900 | €397k | €2.50M | €3.18M | €3.32M | ▲ 4.4% |
| Operating profit (loss)9901 | €397k | €2.43M | €3.02M | €3.21M | ▲ 6.3% |
| Financial income75/76B | €587 | €14k | €46k | €27k | ▼ 41.9% |
| Recurring financial income75 | €587 | €14k | €46k | €27k | ▼ 41.9% |
| Financial charges65/66B | €2k | €56k | €52k | €47k | ▼ 8.9% |
| Recurring financial charges65 | €2k | €56k | €52k | €47k | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | €395k | €2.38M | €3.02M | €3.19M | ▲ 5.8% |
| Income taxes67/77 | €114k | €697k | €750k | €790k | ▲ 5.3% |
| Profit (loss) for the period9904 | €282k | €1.69M | €2.27M | €2.40M | ▲ 6.0% |
| Transfer to tax-exempt reserves689 | - | €421k | €842k | €421k | ▼ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €282k | €1.27M | €1.42M | €1.98M | ▲ 39.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €356k | €2.91M | €4.83M | €2.61M | ▼ 45.9% |
| Fixed assets21/28 | €2k | €161k | €352k | €7k | ▼ 97.9% |
| Intangible fixed assets21 | - | €7k | €4k | €792 | ▼ 79.3% |
| Tangible fixed assets22/27 | €2k | €129k | €152k | €6k | ▼ 95.8% |
| Land and buildings22 | - | €119k | €144k | - | - |
| Furniture and vehicles24 | €2k | €11k | €8k | €6k | ▼ 24.3% |
| Financial fixed assets28 | - | €25k | €196k | - | - |
| Current assets29/58 | €355k | €2.74M | €4.48M | €2.61M | ▼ 41.8% |
| Amounts receivable after more than one year29 | - | - | €2.63M | - | - |
| Other amounts receivable291 | - | - | €2.63M | - | - |
| Amounts receivable within one year40/41 | €72k | €1.73M | €796k | €1.31M | ▲ 64.5% |
| Trade receivables40 | €71k | €991k | €649k | €1.14M | ▲ 75.7% |
| Other amounts receivable41 | €630 | €742k | €147k | €169k | ▲ 14.9% |
| Current investments50/53 | €123k | €500k | €402k | €198k | ▼ 50.7% |
| Cash at bank and in hand54/58 | €159k | €505k | €608k | €1.10M | ▲ 80.8% |
| Deferred charges and accrued income490/1 | €225 | €6k | €47k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €356k | €2.91M | €4.83M | €2.61M | ▼ 45.9% |
| Equity10/15 | €262k | €1.95M | €4.37M | €1.69M | ▼ 61.3% |
| Contributions10/11 | €5k | €5k | €5k | €2k | ▼ 68.0% |
| Capital10 | - | - | - | €2k | - |
| Issued capital100 | - | - | - | €2k | - |
| Outside capital11 | €5k | €5k | - | - | - |
| Other1109/19 | €5k | €5k | - | - | - |
| Revaluation surpluses12 | - | - | €157k | - | - |
| Reserves13 | €200k | €1.62M | €2.46M | €1.21M | ▼ 50.9% |
| Tax-exempt reserves132 | - | €421k | €1.26M | €825k | ▼ 34.7% |
| Distributable reserves133 | €200k | €1.20M | €1.20M | €384k | ▼ 68.0% |
| Profit (loss) carried forward14 | €57k | €322k | €1.74M | €482k | ▼ 72.4% |
| Provisions and deferred taxes16 | - | €11k | €28k | €29k | ▲ 2.5% |
| Provisions for liabilities and charges160/5 | - | €11k | €28k | €29k | ▲ 2.5% |
| Other liabilities and charges164/5 | - | €11k | €28k | €29k | ▲ 2.5% |
| Amounts payable17/49 | €95k | €947k | €432k | €894k | ▲ 107% |
| Amounts payable after more than one year17 | - | €81k | €73k | - | - |
| Financial debts170/4 | - | €81k | €73k | - | - |
| Amounts payable within one year42/48 | €95k | €865k | €359k | €894k | ▲ 149% |
| Current portion of amounts payable after more than one year42 | - | €260k | €8k | - | - |
| Trade debts44 | €432 | €205k | €228k | €784k | ▲ 245% |
| Suppliers440/4 | €432 | €182k | €226k | €784k | ▲ 246% |
| Bills of exchange payable441 | - | €23k | €1k | - | - |
| Taxes, remuneration and social security45 | €69k | €399k | €24k | €39k | ▲ 63.9% |
| Taxes450/3 | €69k | €379k | €5k | €17k | ▲ 238% |
| Remuneration and social security454/9 | - | €20k | €19k | €22k | ▲ 16.4% |
| Other amounts payable47/48 | €25k | €560 | €100k | €71k | ▼ 28.7% |
| Accrued charges and deferred income492/3 | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €282k | €1.69M | €2.27M | €2.40M | ▲ 6.0% |
| + Depreciation and write-downs630 | €68 | €20k | €7k | €7k | ▲ 4.7% |
| Operating cash flow (approximation) | €282k | €1.71M | €2.27M | €2.41M | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €-179k | €-197k | €337k | ▲ 271% |
| Change in cash | - | €346k | €103k | €492k | ▲ 376% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €2.40M ▲6%
Operating result €3.21M, net result €2.40M, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 12.47
Current ratio from 3.17 to 12.47; short-term debt falls from €865k to €359k.
31-12
Financial
Equity above €2MEq €4.37M ▲124%
3 profitable years in a row build equity to €4.37M.
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.95M ▲644%
2 profitable years in a row build equity to €1.95M.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2021
Ground area
2,404 m²
Building footprint
1,262 m²
Volume, LiDAR
25,090 m³
2 parcels, Wallonia · tallest building 27.5 m, ±7 floors. Linked by address, not a title deed.
70
companies at this address
See who is registered here
1 establishment unit
eFlow Processing
since 20212.316.531.630
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0066/00C003 | Wallonia | 1,421 m² | 1 · 1,170 m² | 27.5 m · 7 fl. |
| 64020A0133/00S000 | Wallonia | 983 m² | 1 · 92 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
699400G2PN2XE7OBNQ78
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Of 11,670 companies in sector 85599 we hold annual accounts for 1,330. 385 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
Founded22-04-2021
Fiscal year end31-12
Legal name FR
eFlow Processing
Activities, NACEBEL 2025
70200Business and other management consultancy
85599Other education
Contact
Website
eflow.com
E-mail
info@eflow.com
Scores and ratios are computed by Checked and are not a credit decision.