Floo IT
ActiveSummary
Floo IT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €242k and a net result of €21k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75=
Solvency81▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.46 in 2023; short-term debt: 16.3% and cash: 0% of total assets), and 43.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
13 d late
2022
207 d late
2021
64 d late
2020
73 d late
2019
124 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€242k▲ 3.5%
2023 · €234k
Total assets
€430k▼ 11.2%
2023 · €484k
Net result
€21k▼ 17.6%
2023 · €26k
Working capital
€-56k▼ 20.5%
2023 · €-46k
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
Line20202021202220232024
Operating result€41k▼ 9.8%€37k▼ 9.6%€33k▼ 10.4%€41k▲ 24.7%€36k▼ 13.3%
Net result€25k▲ 3.0%€22k▼ 11.7%€20k▼ 8.9%€26k▲ 27.8%€21k▼ 17.6%
Equity€208k▲ 13.6%€230k▲ 10.6%€209k▼ 9.1%€234k▲ 12.3%€242k▲ 3.5%
Total assets€505k▼ 1.4%€498k▼ 1.5%€454k▼ 8.9%€484k▲ 6.7%€430k▼ 11.2%
Debt€298k▼ 9.7%€268k▼ 9.9%€245k▼ 8.6%€250k▲ 2.1%€188k▼ 24.8%
Working capital€-14k▲ 5.5%€3k€-45k€-46k▼ 3.7%€-56k▼ 20.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €430k
Fixed assets
€416k ▼ 6.3%
Current assets
€14k ▼ 64.9%
Equity and liabilities €430k
Equity
€242k ▲ 3.5%
Debt
€188k ▼ 24.8%
Debt's share of the balance-sheet total falls from 51.7% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▼
2023 · €71k
Cash flow
€55k▼
2023 · €55k
Current ratio
0.20▼
2023 · 0.46
Debt to equity
0.78▼
2023 · 1.07
ROE
8.7%▼
2023 · 10.9%
ROA
4.9%▼
2023 · 5.3%
Interest coverage
11.58▼
2023 · 14.84
Debt ≤ 1 year
€70k▼
2023 · €86k
Debt > 1 year
€118k▼
2023 · €164k
Income taxes
€9k▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €28k | €29k | €30k | €34k | ▲ 14.2% |
| Other operating charges640/8 | - | €2k | €2k | €1k | €2k | ▲ 14.7% |
| Gross operating margin9900 | €70k | €66k | €64k | €72k | €71k | ▼ 1.4% |
| Operating profit (loss)9901 | €41k | €37k | €33k | €41k | €36k | ▼ 13.3% |
| Financial income75/76B | - | €4 | €1 | €20 | €0 | ▼ 99.8% |
| Recurring financial income75 | €6 | €4 | €1 | €20 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €6k | €6k | €5k | €6k | ▲ 25.9% |
| Recurring financial charges65 | €7k | €6k | €6k | €5k | €6k | ▲ 25.9% |
| Profit (loss) for the period before taxes9903 | €34k | €31k | €27k | €36k | €30k | ▼ 18.5% |
| Income taxes67/77 | €9k | €9k | €7k | €11k | €9k | ▼ 20.6% |
| Profit (loss) for the period9904 | €25k | €22k | €20k | €26k | €21k | ▼ 17.6% |
| Transfer to tax-exempt reserves689 | - | - | - | €403 | - | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €22k | €20k | €25k | €21k | ▼ 16.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €505k | €498k | €454k | €484k | €430k | ▼ 11.2% |
| Fixed assets21/28 | €466k | €432k | €421k | €445k | €416k | ▼ 6.3% |
| Tangible fixed assets22/27 | €466k | €432k | €421k | €445k | €416k | ▼ 6.3% |
| Land and buildings22 | - | €397k | €398k | €382k | €369k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €2k | €2k | €4k | €5k | ▲ 28.9% |
| Furniture and vehicles24 | - | €23k | €13k | €52k | €39k | ▼ 25.3% |
| Other tangible fixed assets26 | - | €11k | €8k | €6k | €3k | ▼ 45.4% |
| Current assets29/58 | €40k | €66k | €33k | €40k | €14k | ▼ 64.9% |
| Amounts receivable within one year40/41 | €10k | €31k | €7k | €19k | €12k | ▼ 36.0% |
| Trade receivables40 | - | €25k | €5k | €19k | €9k | ▼ 50.3% |
| Other amounts receivable41 | - | €7k | €1k | €350 | €3k | ▲ 721% |
| Current investments50/53 | €600 | €600 | €600 | €600 | €600 | = |
| Cash at bank and in hand54/58 | €29k | €33k | €26k | €20k | €188 | ▼ 99.1% |
| Deferred charges and accrued income490/1 | - | €348 | - | €652 | €1k | ▲ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €505k | €498k | €454k | €484k | €430k | ▼ 11.2% |
| Equity10/15 | €208k | €230k | €209k | €234k | €242k | ▲ 3.5% |
| Contributions10/11 | - | €47k | €6k | €6k | €6k | = |
| Reserves13 | €160k | €182k | €202k | €228k | €236k | ▲ 3.6% |
| Non-distributable reserves130/1 | - | €6k | €6k | - | - | - |
| Reserves not available under the articles1311 | - | €6k | €6k | - | - | - |
| Tax-exempt reserves132 | - | - | - | €403 | €403 | = |
| Distributable reserves133 | - | €176k | €196k | €228k | €236k | ▲ 3.6% |
| Amounts payable17/49 | €298k | €268k | €245k | €250k | €188k | ▼ 24.8% |
| Amounts payable after more than one year17 | €244k | €206k | €167k | €164k | €118k | ▼ 28.0% |
| Financial debts170/4 | - | €206k | €167k | €164k | €118k | ▼ 28.0% |
| Amounts payable within one year42/48 | €54k | €62k | €78k | €86k | €70k | ▼ 18.9% |
| Current portion of amounts payable after more than one year42 | - | €38k | €39k | €26k | €36k | ▲ 40.0% |
| Financial debts43 | - | - | - | - | €11k | - |
| Credit institutions430/8 | - | - | - | - | €11k | - |
| Trade debts44 | €5k | €6k | €45 | €19k | €8k | ▼ 59.1% |
| Suppliers440/4 | - | €6k | €45 | €19k | €8k | ▼ 59.1% |
| Advances received on contracts in progress46 | - | - | - | - | €131 | - |
| Taxes, remuneration and social security45 | - | €19k | €18k | €19k | €11k | ▼ 42.4% |
| Taxes450/3 | - | €18k | €17k | €18k | €11k | ▼ 40.8% |
| Remuneration and social security454/9 | - | €500 | €500 | €500 | - | - |
| Other amounts payable47/48 | - | - | €21k | €23k | €4k | ▼ 81.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €22k | €20k | €26k | €21k | ▼ 17.6% |
| + Depreciation and write-downs630 | €29k | €28k | €29k | €30k | €34k | ▲ 14.2% |
| Operating cash flow (approximation) | €54k | €50k | €49k | €55k | €55k | ▼ 0.5% |
| Investment in fixed assets (approximation) | - | €6k | €-18k | €-54k | €-6k | ▲ 89.2% |
| Change in cash | - | €5k | €-7k | €-6k | €-20k | ▼ 220% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 207 days late
2023
31-12
Financial
Highest result since 2018net €26k ▲27.8%
Net result €26k, the highest in the series.
2022
31-12
Financial
Weakest financial yearnet €20k ▼8.9%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
31-12
Financial
Equity above €200kEq €208k ▲13.6%
3 profitable years in a row build equity to €208k.
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 183 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Herent · 1 establishment unit since 2009
Ground area
1,406 m²
Building footprint
182 m²
Volume, LiDAR
1 m³
Parcel 24423H0408/00W000, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
1 establishment unit
Floo It
since 20092.181.415.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423H0408/00W000 | Flanders | 1,406 m² | 1 · 182 m² | 0.5 m |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 200 EUR awarded · 200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 200 EUR | 200 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,290 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
Founded26-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
47400Retail sale of information and communication equipment
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-mail
pieter@barrezeele.beHerent
Phone
0478/206.307Herent
Scores and ratios are computed by Checked and are not a credit decision.