Equity
Equity fell by 62% in 2 years.
Equity fell by 62% in 2 years.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Lower net result than 89% of companies in office administrative support. Sector median €16,198 · 9,697 companies.
In July 2024, 6,908 companies had the same profile as Flexflow has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,908 companies, not a prediction for Flexflow. 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 | ||||
|---|---|---|---|---|
| Flexflow Oostkamp | €117,987 | €1,050 | 43.7% | - |
| SDS Invest Knokke-Heist | €106,192 | -€7,216 | -42.6% | - |
| AIR SERVICES EDRIA Woluwe-Saint-Pierre | €126,460 | -€31,906 | 80.7% | - |
| Analyse2Connect Maasmechelen | €101,113 | -€4,826 | 97.2% | - |
| VVS INSURE Etterbeek | €125,441 | €0 | 67.2% | - |
| NSE-MANAGEMENT COMPANY Hamme (Vl.) | €98,461 | -€7,977 | -214.0% | - |
| CODASCENT Meise | €107,334 | -€1,465 | 94.4% | - |
These companies have the same main activity as Flexflow: other business support services (NACE 82990). They are comparable in size and age: total assets between €98,500 and €126,000, founded between 2015 and 2017.
Flexflow files the micro format. That format states no turnover. The gross margin fell from €171,008 in 2016 to €1,050 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €6,100. Estimated: probably between €3,200 and €12,000.
Higher than 44% of 9,701 companies in 2025.
Higher than 26% of 9,319 companies in 2025.
Higher than 12% of 9,443 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
117,987 | 137,432 | 164,069 | 304,819 | 253,715 | 217,304 | 278,707 | 279,151 | 347,294 | 390,809 | |
21/28 |
52,474 | 56,848 | 22,704 | 162,530 | 125,829 | 149,891 | 190,292 | 224,080 | 302,665 | 323,988 | |
21 |
- | - | 0 | 357 | 3,017 | 14,927 | 49,091 | 82,416 | 120,425 | 112,215 | |
22/27 |
52,474 | 56,848 | 22,704 | 162,174 | 122,812 | 134,964 | 141,202 | 141,664 | 182,240 | 211,774 | |
23 |
- | - | 0 | 117,810 | 109,183 | 114,384 | 120,467 | 135,906 | 167,328 | 180,106 | |
24 |
11,474 | 15,848 | 22,704 | 42,753 | 3,875 | 5,949 | 1,226 | 5,759 | 11,244 | 24,218 | |
25 |
- | - | 0 | 1,610 | 9,754 | - | - | - | - | - | |
26 |
41,000 | 41,000 | - | - | - | - | - | - | 3,668 | 7,450 | |
29/58 |
65,512 | 80,584 | 141,365 | 142,289 | 127,886 | 67,413 | 88,415 | 55,071 | 44,629 | 66,820 | |
3 |
5,000 | 0 | 201 | 3,911 | 3,911 | - | - | - | - | - | |
30/36 |
5,000 | 0 | 201 | 3,911 | 3,911 | - | - | - | - | - | |
40/41 |
19,661 | 54,449 | 42,433 | 61,165 | 57,839 | 21,748 | 74,220 | 34,975 | 30,156 | 58,891 | |
40 |
16,918 | 18,786 | 10,402 | 61,002 | 57,664 | 20,248 | 72,002 | 34,705 | 30,021 | 46,398 | |
41 |
2,743 | 35,663 | 32,031 | 164 | 175 | 1,500 | 2,219 | 270 | 135 | 12,493 | |
54/58 |
37,439 | 17,092 | 87,631 | 77,213 | 66,136 | 45,347 | 11,778 | 16,284 | 11,795 | 7,929 | |
490/1 |
3,413 | 9,043 | 11,099 | - | 0 | 318 | 2,417 | 3,811 | 2,678 | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
117,987 | 137,432 | 164,069 | 304,819 | 253,715 | 217,304 | 278,707 | 279,151 | 347,294 | 390,809 | |
10/15 |
51,531 | 62,676 | 134,818 | 43,550 | 68,178 | -30,062 | 42,621 | 7,732 | 7,205 | 6,813 | |
10/11 |
34,840 | 34,840 | 34,840 | 43,550 | 45,082 | 45,082 | - | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | 12,350 | 12,350 | 12,350 | |
11 |
- | - | - | - | - | - | 45,082 | - | - | - | |
1100/10 |
- | - | - | - | - | - | 45,082 | - | - | - | |
13 |
16,691 | 27,836 | 99,978 | 0 | 23,096 | - | - | 1,532 | 1,005 | 613 | |
130 |
- | - | - | - | - | - | - | 1,532 | 1,005 | 613 | |
133 |
16,691 | 27,836 | 99,978 | 0 | 23,096 | - | - | - | - | - | |
14 |
0 | 0 | 0 | 0 | 0 | -75,144 | -2,462 | - | - | - | |
17/49 |
66,456 | 74,755 | 29,251 | 261,269 | 185,537 | 247,366 | 236,087 | 271,419 | 340,089 | 383,996 | |
17 |
0 | 1,307 | 9,041 | 38,473 | 78,330 | 132,737 | 75,312 | 113,233 | 164,988 | 222,207 | |
170/4 |
0 | 1,307 | 9,041 | 38,473 | 78,330 | 132,737 | 75,312 | 98,233 | 149,988 | 222,207 | |
178/9 |
- | - | - | - | - | - | - | 15,000 | 15,000 | - | |
42/48 |
66,456 | 73,449 | 20,210 | 222,796 | 107,206 | 114,629 | 160,774 | 158,186 | 175,100 | 161,023 | |
42 |
1,307 | 7,734 | 9,698 | 64,128 | 67,639 | 77,594 | 86,757 | 75,366 | 72,219 | 71,100 | |
43 |
- | - | - | - | - | 0 | 20,000 | 28,000 | - | - | |
430/8 |
- | - | - | - | - | 0 | 20,000 | 28,000 | - | - | |
44 |
7,084 | 8,187 | 5,854 | 5,421 | 6,652 | 16,818 | 37,908 | 29,731 | 78,134 | 68,905 | |
440/4 |
7,084 | 8,187 | 5,854 | 5,421 | 6,652 | 16,818 | 37,908 | 29,731 | 78,134 | 68,905 | |
46 |
330 | 330 | - | 0 | 6,726 | - | - | - | - | 2,658 | |
45 |
11,487 | 1,001 | 3,372 | 18,701 | 14,158 | 7,028 | 11,930 | 22,803 | 20,654 | 2,057 | |
450/3 |
8,819 | 1,001 | 672 | 14,183 | 10,454 | 7,028 | 3,257 | 16,745 | 9,705 | 57 | |
454/9 |
2,668 | 0 | 2,700 | 4,518 | 3,704 | 0 | 8,672 | 6,058 | 10,949 | 2,000 | |
47/48 |
46,248 | 56,197 | 1,286 | 134,546 | 12,032 | 13,188 | 4,180 | 2,287 | 4,093 | 16,303 | |
492/3 |
- | - | - | - | - | - | - | - | - | 765 | |
| Income statement | |||||||||||
76A |
- | - | - | - | - | - | - | 4,261 | - | - | |
9900 |
1,050 | -18,634 | 141,667 | 241,681 | 191,166 | 52,864 | 208,869 | 210,619 | 166,364 | 171,008 | |
62 |
0 | 25 | 2,915 | 45,354 | 10,856 | 23,130 | 67,314 | 71,333 | 31,500 | 36,228 | |
630 |
4,374 | 6,856 | 7,993 | 51,458 | 62,327 | 93,344 | 131,734 | 122,394 | 122,856 | 112,454 | |
631/4 |
- | 0 | -2,462 | 0 | -1,702 | 904 | - | - | - | 3,261 | |
640/8 |
1,756 | 1,203 | 4,378 | 6,831 | 5,325 | 3,080 | 6,984 | 5,531 | 5,049 | 10,758 | |
66A |
- | - | 0 | 3,252 | 10,574 | - | - | 4,234 | 60 | 254 | |
9901 |
-5,079 | -26,717 | 128,844 | 134,785 | 103,787 | -67,593 | 2,837 | 7,126 | 6,898 | 8,052 | |
75/76B |
0 | 0 | 52 | 5 | 5 | 10 | 28 | 21 | 4 | 6 | |
75 |
0 | 0 | 52 | 5 | 5 | 10 | 28 | 21 | 4 | 6 | |
65/66B |
472 | 681 | 949 | 2,712 | 5,383 | 4,830 | 5,028 | 5,602 | 4,964 | 7,389 | |
65 |
472 | 681 | 949 | 2,712 | 5,383 | 4,830 | 5,028 | 5,602 | 4,964 | 7,389 | |
9903 |
-5,551 | -27,398 | 127,947 | 132,077 | 98,409 | -72,414 | -2,163 | 1,545 | 1,939 | 670 | |
67/77 |
5,594 | 743 | 27,969 | 23,227 | 169 | 268 | 299 | 1,018 | 1,547 | 57 | |
9904 |
-11,145 | -28,141 | 99,978 | 108,850 | 98,240 | -72,682 | -2,462 | 527 | 392 | 613 | |
9905 |
-11,145 | -28,141 | 99,978 | 108,850 | 98,240 | -72,682 | -2,462 | 527 | 392 | 613 | |
| Appropriation of the result | |||||||||||
9906 |
-11,145 | -28,141 | 99,978 | 108,850 | 23,096 | -75,144 | -2,462 | 527 | 392 | 613 | |
14P |
- | - | - | 0 | -75,144 | - | - | - | - | - | |
791/2 |
11,145 | 72,141 | 0 | 26,160 | - | - | - | - | - | - | |
691/2 |
- | 0 | 99,978 | 1,532 | 23,096 | - | - | 527 | 392 | 613 | |
6920 |
- | - | - | - | - | - | - | 527 | 392 | 613 | |
6921 |
- | 0 | 99,978 | 1,532 | 23,096 | - | - | - | - | - | |
694/7 |
0 | 44,000 | 0 | 133,478 | - | - | - | - | - | - | |
694 |
0 | 44,000 | 0 | 130,978 | - | - | - | - | - | - | |
695 |
- | - | 0 | 2,500 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
- | - | - | 1.1 | 0.1 | 1 | 1.8 | 2 | 0.8 | 1.1 | |
Hours worked1013 |
- | - | 14 | 2,604 | 319 | 1,094 | 3,338 | 3,644 | 1,441 | 2,194 | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464473.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00464473 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00178541 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00380659 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00127122 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20216612 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-42500561 | |
| 31-12-2019 | micro format | 27-05-2020 | 2020-13000592 | |
| 31-12-2018 | micro format | 15-02-2019 | 2019-05000580 | |
| 31-12-2017 | micro format | 21-06-2018 | 2018-20000290 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-32500389 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -706 | -19,862 | 136,837 | 186,244 | 166,114 | 25,750 | 134,571 | 129,520 | 129,754 | 120,507 | ||
| -6,772 | -21,286 | 107,971 | 160,308 | 160,567 | 20,662 | 129,272 | 122,922 | 123,248 | 113,067 | ||
| 0 | 41,000 | 21,087 | 94,694 | 39,082 | 52,942 | 97,946 | 47,049 | 101,532 | 436,443 | ||
| 20,347 | -70,540 | 10,419 | 11,077 | 20,788 | 33,570 | -4,507 | 4,489 | 3,866 | - | ||
| -943 | 7,135 | 121,155 | -80,507 | 20,680 | -47,215 | -72,359 | -103,115 | -130,471 | -94,203 | ||
| 43.7% | 45.6% | 82.2% | 14.3% | 26.9% | -13.8% | 15.3% | 2.8% | 2.1% | 1.7% | ||
| 0.99 | 1.10 | 6.99 | 0.64 | 1.19 | 0.59 | 0.55 | 0.35 | 0.25 | 0.41 | ||
| 0.91 | 1.10 | 6.98 | 0.62 | 1.16 | 0.59 | 0.55 | 0.35 | 0.25 | 0.41 | ||
| 1.29 | 1.19 | 0.22 | 6.00 | 2.72 | - | 5.54 | 35.10 | 47.20 | 56.36 | ||
| -21.6% | -44.9% | 74.2% | 249.9% | 144.1% | - | -5.8% | 6.8% | 5.4% | 9.0% | ||
| -9.4% | -20.5% | 60.9% | 35.7% | 38.7% | -33.4% | -0.9% | 0.2% | 0.1% | 0.2% | ||
| -1.50 | -29.16 | over 100 | 68.66 | 30.86 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|
| - | 1.1 | 0.1 | |
| Joined | 2 | 18 | 7 |
| Left | 2 | 18 | 7 |
Source: social balance sheet in the 2021 to 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €41,000 | €21,087 | €94,694 | €39,082 |
| €4,374 | €6,856 | €7,993 | €51,458 | €62,327 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €5,079, smaller than the loss of €26,717 in 2024.
Debt's share of the balance-sheet total rises from 54.4% to 56.3%. Equity and debt are lower.
Flexflow has no parent and no holdings in its annual accounts. Flexflow shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Flexflow was incorporated on 21 December 2015.1 The registered office was moved to Oostkamp in 2018.2 In 2019 the capital was increased by €20,363 to €43,550.3 The name was changed to Flexflow in 2023.4 The board currently has 2 members.5 Total assets fell from €279,151 in 2018 to €117,987 in 2025 and headcount from 2 full-time equivalents in 2018 to 1.1 in 2022.6
| Establishment | Since | Unit number |
|---|---|---|
| Delponte Fashion registered office Veldhoekstraat 44, 8020 Oostkamp | 01-01-2016 | 2.249.113.561 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31037B0156/00M003 | 355 m² | 1 · 69 m² | 9.1 m · 2 |
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