FLOW
ActiveSummary
FLOW is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.1m and a net result of -€1.4m. Equity is shrinking by about 13% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 83% of 6,648 sector peers (NACE 64, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#10 oldest company in Ronse, Finance and insurance sector
Equity
€4.1m▼ 25.8%
2024 · €5.6m
Net result
-€1.4m
2024 · €36,185
Total assets
€4.7m▼ 24.8%
2024 · €6.3m
Solvency
87.9%▼ 1.2pp
2024 · 89.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 333% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.6m
2023
Operating result€0.09m
2025
Net result-€1.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.7m
2025
Equity€4.1m
2025
Debt€0.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-29.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency87.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.67
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.1
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.7m-€0.7m▲ 0.2%€0.7m▲ 0.1%€0.7m▲ 0.1%€0.6m▼ 9.9%
Operating result€0.1m-€0.1m▲ 8.2%€0.1m▼ 2.6%€0.1m▼ 6.7%€0.09m▼ 7.7%€0.02m▼ 77.7%€0.09m▲ 333%
Net result€0.4m-€0.06mwithin the sector's middle half▼ 82.1%€0.07mwithin the sector's middle half▲ 15.0%€0.3mwithin the sector's middle half▲ 337%€3.6mabove the sector's middle half▲ 1,009%€0.04mwithin the sector's middle half▼ 99.0%-€1.4mbelow the sector's middle half
Equity€11.7m-€11.6mwithin the sector's middle half▼ 0.2%€11.6mwithin the sector's middle half▼ 0.1%€11.9mwithin the sector's middle half▲ 2.1%€7.1mwithin the sector's middle half▼ 39.9%€5.6mabove the sector's middle half▼ 21.8%€4.1mabove the sector's middle half▼ 25.8%
Total assets€13.3m-€13.0mwithin the sector's middle half▼ 2.2%€12.8mwithin the sector's middle half▼ 1.3%€14.0mwithin the sector's middle half▲ 9.4%€7.9mwithin the sector's middle half▼ 43.6%€6.3mabove the sector's middle half▼ 20.8%€4.7mabove the sector's middle half▼ 24.8%
Debt€1.6m-€1.3m▼ 17.0%€1.2m▼ 12.3%€2.1m▲ 81.0%€0.8m▼ 63.7%€0.7m▼ 12.3%€0.6m▼ 16.3%
Working capital€0.5m-€0.4mwithin the sector's middle half▼ 20.6%€0.3mwithin the sector's middle half▼ 22.7%€0.5mwithin the sector's middle half▲ 63.1%-€0.2mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 8.8%-€0.1mwithin the sector's middle half▲ 11.4%
Solvency87.8%-89.6%above the sector's middle half▲ 1.9pp90.8%above the sector's middle half▲ 1.2pp84.7%above the sector's middle half▼ 6.0pp90.2%above the sector's middle half▲ 5.5pp89.1%above the sector's middle half▼ 1.1pp87.9%above the sector's middle half▼ 1.2pp
Current ratio2.10-2.11within the sector's middle half▲ 0.011.81within the sector's middle half▼ 0.301.33within the sector's middle half▼ 0.480.46within the sector's middle half▼ 0.860.61within the sector's middle half▲ 0.150.67within the sector's middle half▲ 0.06
Return on assets (ROA)2.7%-0.5%within the sector's middle half▼ 2.2pp0.6%within the sector's middle half▲ 0.1pp2.3%within the sector's middle half▲ 1.7pp45.8%above the sector's middle half▲ 43.5pp0.6%within the sector's middle half▼ 45.3pp-29.5%below the sector's middle half▼ 30.1pp
Staff (FTE)0.7below the sector's middle half0.1within the sector's middle half▼ 85.7%
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2024 Net result -99% on 2023. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.5m ▼ 26.2%
Current assets
€257,456 ▲ 15.1%
Equity and liabilities €4.7m
Equity
€4.1m ▼ 25.8%
Debt
€569,463 ▼ 16.3%
Debt's share of the balance-sheet total rises from 10.9% to 12.1%. Equity and debt are lower.
Key figures and ratios
ROE
-33.6%▼
2024 · 0.6%
Debt ≤ 1 year
€384,112▲
2024 · €366,499
Debt > 1 year
€160,241▼
2024 · €297,873
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.7m | €0.6m | - | - | - |
| Turnover70 | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | - | - | - |
| Other operating income74 | - | - | - | - | €0.04m | - | - | - |
| Operating charges60/66A | - | - | - | €0.6m | €0.5m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €0.003m | - | - | - |
| Purchases600/8 | - | - | - | - | €0.003m | - | - | - |
| Services and other goods61 | - | - | - | €0.4m | €0.3m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €0.08m | €0.03m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.0% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 10.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €300 | - | - |
| Gross operating margin9900 | - | - | - | - | - | €0.2m | €0.2m | ▲ 21.8% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.02m | €0.09m | ▲ 333% |
| Financial income75/76B | - | - | - | €0.3m | €3.6m | €0.05m | €0.03m | ▼ 43.0% |
| Recurring financial income75 | €0.3m | €0.008m | €0.01m | €0.3m | €3.6m | €0.05m | €0.03m | ▼ 43.0% |
| Income from financial fixed assets750 | - | - | - | €0.2m | €3.5m | - | - | - |
| Other financial income752/9 | - | - | - | €0.04m | €0.06m | - | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.02m | €0.02m | €1.5m | ▲ 7,942% |
| Recurring financial charges65 | €0.04m | €0.03m | €0.02m | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 27.0% |
| Debt charges650 | - | €0.03m | €0.02m | - | €0.02m | - | - | - |
| Other financial charges652/9 | - | - | - | €0.03m | €0.002m | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | €1.5m | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.09m | €0.1m | €0.4m | €3.7m | €0.05m | -€1.4m | - |
| Income taxes67/77 | €0.03m | €0.03m | €0.02m | €0.03m | €0.03m | €0.01m | - | - |
| Taxes670/3 | - | - | - | €0.03m | €0.03m | - | - | - |
| Profit (loss) for the period9904 | €0.4m | €0.06m | €0.07m | €0.3m | €3.6m | €0.04m | -€1.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.06m | €0.07m | €0.3m | €3.6m | €0.04m | -€1.4m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €13.3m | €13.0m | €12.8m | €14.0m | €7.9m | €6.3m | €4.7m | ▼ 24.8% |
| Fixed assets21/28 | €12.3m | €12.2m | €12.1m | €12.0m | €7.8m | €6.0m | €4.5m | ▼ 26.2% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | €3.8m | €3.7m | ▼ 2.3% |
| Land and buildings22 | - | - | - | €1.3m | €1.2m | €3.8m | €3.7m | ▼ 2.3% |
| Furniture and vehicles24 | - | - | - | €0.001m | - | - | - | - |
| Financial fixed assets28 | €10.7m | €10.7m | €10.7m | €10.7m | €6.5m | €2.3m | €0.8m | ▼ 65.9% |
| Affiliated companies280/1 | - | - | - | €10.7m | €4.9m | - | - | - |
| Participating interests280 | - | - | - | €10.7m | €4.9m | - | - | - |
| Companies linked by participating interests282/3 | - | - | - | - | €1.6m | - | - | - |
| Amounts receivable283 | - | - | - | - | €1.6m | - | - | - |
| Current assets29/58 | €0.9m | €0.7m | €0.7m | €2.0m | €0.1m | €0.2m | €0.3m | ▲ 15.1% |
| Amounts receivable within one year40/41 | €0.5m | €0.2m | €0.6m | €1.9m | €0.08m | €0.2m | €0.2m | ▲ 14.5% |
| Trade receivables40 | - | - | - | - | €0.05m | €0.2m | €0.2m | ▲ 0.7% |
| Other amounts receivable41 | - | - | - | €1.9m | €0.04m | €0.01m | €0.04m | ▲ 180% |
| Cash at bank and in hand54/58 | €0.02m | €0.5m | €0.07m | €0.04m | €0.03m | €0.02m | €0.03m | ▲ 33.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.03m | €0.02m | €0.02m | ▲ 0.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €13.3m | €13.0m | €12.8m | €14.0m | €7.9m | €6.3m | €4.7m | ▼ 24.8% |
| Equity10/15 | €11.7m | €11.6m | €11.6m | €11.9m | €7.1m | €5.6m | €4.1m | ▼ 25.8% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | - | €8.8m | €4.2m | €2.6m | €2.6m | = |
| Reserves13 | €0.7m | €2.8m | €2.8m | €3.0m | €3.0m | €2.9m | €1.5m | ▼ 49.1% |
| Distributable reserves133 | - | - | - | €3.0m | €3.0m | €2.9m | €1.5m | ▼ 49.1% |
| Profit (loss) carried forward14 | €2.1m | €1.9m | €2.1m | - | - | - | - | - |
| Amounts payable17/49 | €1.6m | €1.3m | €1.2m | €2.1m | €0.8m | €0.7m | €0.6m | ▼ 16.3% |
| Amounts payable after more than one year17 | €1.2m | €1.0m | €0.8m | €0.6m | €0.5m | €0.3m | €0.2m | ▼ 46.2% |
| Financial debts170/4 | - | - | - | €0.6m | €0.5m | €0.3m | €0.2m | ▼ 46.2% |
| Credit institutions173 | - | - | - | €0.6m | €0.5m | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.4m | €1.5m | €0.3m | €0.4m | €0.4m | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 18.4% |
| Financial debts43 | - | - | - | €0.02m | €0.03m | €0.01m | €0.008m | ▼ 42.7% |
| Credit institutions430/8 | - | - | - | €0.02m | €0.03m | €0.01m | €0.008m | ▼ 42.7% |
| Trade debts44 | €0.1m | €0.04m | €0.04m | €0.04m | €0.03m | €0.1m | €0.2m | ▲ 29.8% |
| Suppliers440/4 | - | - | - | €0.04m | €0.03m | €0.1m | €0.2m | ▲ 29.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | €0.05m | €0.06m | ▲ 36.6% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.05m | €0.06m | ▲ 36.6% |
| Remuneration and social security454/9 | - | - | - | - | €0.004m | - | - | - |
| Other amounts payable47/48 | - | - | - | €1.2m | €0.05m | €0.003m | €0.001m | ▼ 57.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 60.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.06m | €0.07m | €0.3m | €3.6m | €0.04m | -€1.4m | - |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.0% |
| Operating cash flow (approximation) | €0.5m | €0.2m | €0.2m | €0.4m | €3.7m | €0.1m | -€1.3m | - |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.01m | €0 | €4.1m | €1.6m | €1.5m | ▼ 9.4% |
| Change in cash | - | €0.5m | -€0.5m | -€0.03m | -€0.02m | -€0.004m | €0.007m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00028015 |
| 30-06-2024 | abbreviated format | 20-01-2025 | 2025-00007692 |
| 30-06-2023 | full format | 12-01-2024 | 2024-00001776 |
| 30-06-2022 | full format | 22-12-2022 | 2022-20545907 |
| 30-06-2021 | full format | 23-12-2021 | 2021-81600050 |
| 30-06-2020 | full format | 26-11-2020 | 2020-72300134 |
| 30-06-2019 | full format | 23-01-2020 | 2020-02000482 |
| 30-06-2018 | full format | 25-01-2019 | 2019-02400202 |
| 30-06-2017 | full format | 15-12-2017 | 2017-72300005 |
| 30-06-2016 | full format | 24-11-2016 | 2016-68500126 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,974. 8,742 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.