Flo-ow
Open bankruptcyA bankruptcy procedure is open for Flo-ow according to publications in the Belgian State Gazette; curator: NANCY VANNUETEN.
Summary
The 2022 annual accounts show negative equity (-€32,844) and a net result of €13,150.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Mechelen division
- Declared bankrupt
- 2 June 2025
- Supervising judge
- Marie-Claire De Coninck
- Official Gazette
- 06-06-2025 (pdf) ↗search the document for 2025/124064
Deadlines
- Provisional date payments stopped
- 2 June 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 21 June 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 July 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 2 June 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Nancy VannuetenLierbaan 209, 2580 Puttenancy@vannueten-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-10-2023, 87 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
87 d late
2021
256 d late
2020
543 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 227 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€32,844▲ 28.6%
2021 · -€45,994
Total assets
€46,389▼ 17.9%
2021 · €56,485
Net result
€13,150
2021 · -€20,525
Working capital
€7,526
2021 · -€12,869
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€8,064--€41,881-€16,778▲ 59.9%€16,450
Net result€5,544--€43,513below the sector's middle half-€20,525below the sector's middle half▲ 52.8%€13,150within the sector's middle half
Equity€18,044--€25,469below the sector's middle half-€45,994below the sector's middle half▼ 80.6%-€32,844below the sector's middle half▲ 28.6%
Total assets€58,321-€75,358below the sector's middle half▲ 29.2%€56,485below the sector's middle half▼ 25.0%€46,389below the sector's middle half▼ 17.9%
Debt€40,277-€100,827▲ 150%€102,479▲ 1.6%€79,233▼ 22.7%
Working capital€21,306-€27,905within the sector's middle half▲ 31.0%-€12,869below the sector's middle half€7,526within the sector's middle half
Solvency30.9%--33.8%below the sector's middle half▼ 64.7pp-81.4%below the sector's middle half▼ 47.6pp-70.8%below the sector's middle half▲ 10.6pp
Current ratio3.10-2.20within the sector's middle half▼ 0.900.74below the sector's middle half▼ 1.461.30within the sector's middle half▲ 0.56
Return on assets (ROA)9.5%--57.7%below the sector's middle half▼ 67.2pp-36.3%below the sector's middle half▲ 21.4pp28.3%above the sector's middle half▲ 64.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €16,450 after a loss of €16,778 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €46,389
Fixed assets
€13,481 ▼ 32.7%
Current assets
€32,908 ▼ 9.7%
Key figures and ratios
EBITDA
€23,000▲
2021 · -€10,312
Cash flow
€19,700▲
2021 · -€14,060
Debt to equity
-2.41▼
2021 · -2.23
Interest coverage
7.29▲
2021 · -2.86
Debt ≤ 1 year
€25,381▼
2021 · €49,323
Debt > 1 year
€53,851▲
2021 · €53,156
Income taxes
€165▲
2021 · €141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €707 | €5,545 | €6,466 | €6,550 | ▲ 1.3% |
| Other operating charges640/8 | - | €448 | €0 | €1,391 | - |
| Non-recurring operating charges66A | - | €0 | - | - | - |
| Gross operating margin9900 | €9,682 | -€35,888 | -€10,312 | €24,391 | ▲ 337% |
| Operating profit (loss)9901 | €8,064 | -€41,881 | -€16,778 | €16,450 | ▲ 198% |
| Financial income75/76B | - | €0 | - | €19 | - |
| Recurring financial income75 | €151 | €0 | - | €19 | - |
| Financial charges65/66B | - | €2,678 | €3,607 | €3,155 | ▼ 12.5% |
| Recurring financial charges65 | €1,072 | €2,678 | €3,607 | €3,155 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €7,144 | -€44,559 | -€20,385 | €13,315 | ▲ 165% |
| Income taxes67/77 | €1,600 | -€1,046 | €141 | €165 | ▲ 17.2% |
| Profit (loss) for the period9904 | €5,544 | -€43,513 | -€20,525 | €13,150 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €5,544 | -€43,513 | -€20,525 | €13,150 | ▲ 164% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €58,321 | €75,358 | €56,485 | €46,389 | ▼ 17.9% |
| Fixed assets21/28 | €26,861 | €24,163 | €20,031 | €13,481 | ▼ 32.7% |
| Tangible fixed assets22/27 | €26,861 | €24,163 | €20,031 | €13,481 | ▼ 32.7% |
| Plant, machinery and equipment23 | - | €21,347 | €15,834 | €10,320 | ▼ 34.8% |
| Furniture and vehicles24 | - | €2,815 | €4,197 | €3,161 | ▼ 24.7% |
| Current assets29/58 | €31,460 | €51,196 | €36,454 | €32,908 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €31,453 | €51,192 | €36,448 | €32,891 | ▼ 9.8% |
| Trade receivables40 | - | €39,439 | €30,794 | €17,424 | ▼ 43.4% |
| Other amounts receivable41 | - | €11,753 | €5,654 | €15,467 | ▲ 174% |
| Cash at bank and in hand54/58 | €7 | €4 | €6 | €17 | ▲ 173% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €58,321 | €75,358 | €56,485 | €46,389 | ▼ 17.9% |
| Equity10/15 | €18,044 | -€25,469 | -€45,994 | -€32,844 | ▲ 28.6% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | €5,544 | -€37,969 | -€58,494 | -€45,344 | ▲ 22.5% |
| Amounts payable17/49 | €40,277 | €100,827 | €102,479 | €79,233 | ▼ 22.7% |
| Amounts payable after more than one year17 | €30,123 | €77,536 | €53,156 | €53,851 | ▲ 1.3% |
| Financial debts170/4 | - | €77,536 | €53,156 | €53,851 | ▲ 1.3% |
| Amounts payable within one year42/48 | €10,154 | €23,291 | €49,323 | €25,381 | ▼ 48.5% |
| Current portion of amounts payable after more than one year42 | - | €9,964 | €31,127 | €13,724 | ▼ 55.9% |
| Financial debts43 | - | €5,178 | €5,173 | €4,288 | ▼ 17.1% |
| Credit institutions430/8 | - | €5,178 | €5,173 | €4,288 | ▼ 17.1% |
| Trade debts44 | €1,517 | €7,647 | €12,328 | €2,090 | ▼ 83.0% |
| Suppliers440/4 | - | €7,647 | €12,328 | €2,090 | ▼ 83.0% |
| Taxes, remuneration and social security45 | - | €502 | €694 | €5,279 | ▲ 660% |
| Taxes450/3 | - | €502 | €694 | €5,279 | ▲ 660% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,544 | -€43,513 | -€20,525 | €13,150 | ▲ 164% |
| + Depreciation and write-downs630 | €707 | €5,545 | €6,466 | €6,550 | ▲ 1.3% |
| Operating cash flow (approximation) | €6,251 | -€37,967 | -€14,060 | €19,700 | ▲ 240% |
| Investment in fixed assets (approximation) | - | -€2,847 | -€2,334 | €0 | ▲ 100% |
| Change in cash | - | -€4 | €2 | €11 | ▲ 351% |
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
06-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 02-06-2025
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 256 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 543 days late
2022
31-12
Financial
Back to profitnet €13,150
Net result €13,150 after 2 loss-making years.
2020
31-12
Financial
Weakest financial yearnet -€43,513
Net result drops to -€43,513, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
SignalFinancial 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, Putte · 1 establishment unit since 2019
Ground area
960 m²
Building footprint
143 m²
Volume, LiDAR
812 m³
Parcel 12001C0164/00D000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Flo-ow
since 20192.295.106.310
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001C0164/00D000 | Flanders | 960 m² | 1 · 143 m² | 9.1 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NANCY VANNUETEN LIERBAAN 209, 2580 PUTTE- |
02-06-2025 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,185 EUR awarded · 1,185 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,185 EUR | 1,185 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 29,522 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
Founded04-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.