Flow
ActiveThe file of Flow contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.7% (moderate). The 2024 annual accounts show negative equity (€-15k) and a net result of €477. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 8966 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-27
Solvency0=
Growth78=
Track record69
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13 against 1.18 in 2023; short-term debt: 84.5% and cash: 3.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-42.5%
Return on assets
1.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-06-2026, 305 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
305 d late
2023
670 d late
2022
1036 d late
2021
31 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2024, micro schema
Equity
€-15k▲ 3.2%
2023 · €-15k
2018: €-77klowest in 7 years
2019: €-56k▲ +27.5% vs 2018
2020: €-37k▲ +33.2% vs 2019
2021: €-25k▲ +32.8% vs 2020
2022: €-17k▲ +30.8% vs 2021
2023: €-15k▲ +12.6% vs 2022
2024: €-15k▲ +3.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€34k▲ 101%
2023 · €17k
2018: €24k
2019: €12k▼ -50.9% vs 2018
2020: €9k▼ -19.4% vs 2019
2021: €7k▼ -29.5% vs 2020lowest in 7 years
2022: €8k▲ +26.5% vs 2021
2023: €17k▲ +106% vs 2022
2024: €34k▲ +101% vs 2023highest in 7 years
2018 → 2024
Net result
€477▼ 78.1%
2023 · €2k
2018: €-7klowest in 7 years
2019: €21k▲ +387% vs 2018highest in 7 years
2020: €19k▼ -12.2% vs 2019
2021: €12k▼ -34.1% vs 2020
2022: €8k▼ -37.0% vs 2021
2023: €2k▼ -71.7% vs 2022
2024: €477▼ -78.1% vs 2023
2018 → 2024
Working capital
€4k▲ 73.4%
2023 · €2k
2018: €-14klowest in 7 years
2019: €-11k▲ +20.4% vs 2018
2020: €-4k▲ +66.1% vs 2019
2021: €-8k▼ -102% vs 2020
2022: €-82▲ +98.9% vs 2021
2023: €2k▲ +2859% vs 2022
2024: €4k▲ +73.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-37k-€-25k▲ 32.8%€-17k▲ 30.8%€-15k▲ 12.6%€-15k▲ 3.2%
2020: €-37klowest in 5 years
2021: €-25k▲ +32.8% vs 2020
2022: €-17k▲ +30.8% vs 2021
2023: €-15k▲ +12.6% vs 2022
2024: €-15k▲ +3.2% vs 2023highest in 5 years
Operating result€19k-€13k▼ 29.7%€8k▼ 40.2%€3k▼ 67.0%€1k▼ 46.9%
2020: €19khighest in 5 years
2021: €13k▼ -29.7% vs 2020
2022: €8k▼ -40.2% vs 2021
2023: €3k▼ -67.0% vs 2022
2024: €1k▼ -46.9% vs 2023lowest in 5 years
Net result€19k-€12k▼ 34.1%€8k▼ 37.0%€2k▼ 71.7%€477▼ 78.1%
2020: €19khighest in 5 years
2021: €12k▼ -34.1% vs 2020
2022: €8k▼ -37.0% vs 2021
2023: €2k▼ -71.7% vs 2022
2024: €477▼ -78.1% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 47% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34k
Fixed assets
€1k ▼ 45.6%
Current assets
€33k ▲ 127%
Key figures and ratios
EBITDA
€3k▼
2023 · €4k
Cash flow
€2k▼
2023 · €3k
Solvency
-42.5%▲
2023 · -88.3%
Current ratio
1.13▼
2023 · 1.18
Debt to equity
-3.35▼
2023 · -2.13
ROA
1.4%▼
2023 · 12.7%
Interest coverage
4.51▼
2023 · 17.71
Debt
€49k▲
2023 · €32k
Debt ≤ 1 year
€29k▲
2023 · €12k
Debt > 1 year
€20k=
2023 · €20k
Income taxes
€360▲
2023 · €265
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 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€17k€34k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€3k€1k▼
Current assets29/58€15k€33k▲
Amounts receivable within one year40/41€14k€30k▲
Trade receivables40€14k€29k▲
Other amounts receivable41€300€300=
Cash at bank and in hand54/58-€1k
Deferred charges and accrued income490/1€500€2k▲
Equity and liabilities
Total equity and liabilities10/49€17k€34k▲
Equity10/15€-15k€-15k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-34k€-33k▲
Amounts payable17/49€32k€49k▲
Amounts payable after more than one year17€20k€20k=
Financial debts170/4€20k€20k=
Amounts payable within one year42/48€12k€29k▲
Financial debts43€327-
Credit institutions430/8€327-
Taxes, remuneration and social security45€12k€19k▲
Taxes450/3€12k€19k▲
Other amounts payable47/48€152€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€487-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€840-
Gross operating margin9900€5k€3k▼
Operating profit (loss)9901€3k€1k▼
Financial charges65/66B€216€575▲
Recurring financial charges65€216€575▲
Profit (loss) for the period before taxes9903€2k€837▼
Income taxes67/77€265€360▲
Profit (loss) for the period9904€2k€477▼
Profit (loss) for the period to be appropriated9905€2k€477▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-33k▲
Profit (loss) brought forward from the previous period14P€-36k€-34k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €42 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €746 | €487 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €619 | €850 | €1k | €1k | ▲ 1.4% |
| Other operating charges640/8 | - | €2k | €2k | €840 | - | - |
| Gross operating margin9900 | €24k | €16k | €12k | €5k | €3k | ▼ 49.6% |
| Operating profit (loss)9901 | €19k | €13k | €8k | €3k | €1k | ▼ 46.9% |
| Financial income75/76B | - | €9 | - | - | - | - |
| Recurring financial income75 | - | €9 | - | - | - | - |
| Financial charges65/66B | - | €1k | €348 | €216 | €575 | ▲ 166% |
| Recurring financial charges65 | €424 | €1k | €348 | €216 | €575 | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €19k | €12k | €8k | €2k | €837 | ▼ 65.7% |
| Income taxes67/77 | €184 | €188 | - | €265 | €360 | ▲ 35.8% |
| Profit (loss) for the period9904 | €19k | €12k | €8k | €2k | €477 | ▼ 78.1% |
| Profit (loss) for the period to be appropriated9905 | €19k | €12k | €8k | €2k | €477 | ▼ 78.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9k | €7k | €8k | €17k | €34k | ▲ 101% |
| Fixed assets21/28 | €5k | €3k | €3k | €3k | €1k | ▼ 45.6% |
| Tangible fixed assets22/27 | €5k | €3k | €3k | €3k | €1k | ▼ 45.6% |
| Plant, machinery and equipment23 | - | €3k | €3k | €3k | €1k | ▼ 45.6% |
| Current assets29/58 | €5k | €4k | €6k | €15k | €33k | ▲ 127% |
| Amounts receivable within one year40/41 | - | - | €5k | €14k | €30k | ▲ 110% |
| Trade receivables40 | - | - | €5k | €14k | €29k | ▲ 112% |
| Other amounts receivable41 | - | - | €300 | €300 | €300 | = |
| Cash at bank and in hand54/58 | €4k | €4k | - | - | €1k | - |
| Deferred charges and accrued income490/1 | - | €27 | €500 | €500 | €2k | ▲ 399% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9k | €7k | €8k | €17k | €34k | ▲ 101% |
| Equity10/15 | €-37k | €-25k | €-17k | €-15k | €-15k | ▲ 3.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Profit (loss) carried forward14 | €-56k | €-44k | €-36k | €-34k | €-33k | ▲ 1.4% |
| Amounts payable17/49 | €47k | €32k | €26k | €32k | €49k | ▲ 52.2% |
| Amounts payable after more than one year17 | €38k | €20k | €20k | €20k | €20k | = |
| Financial debts170/4 | - | €20k | €20k | €20k | €20k | = |
| Amounts payable within one year42/48 | €9k | €12k | €6k | €12k | €29k | ▲ 137% |
| Financial debts43 | - | - | €709 | €327 | - | - |
| Credit institutions430/8 | - | - | €709 | €327 | - | - |
| Trade debts44 | €3k | €4k | - | - | - | - |
| Suppliers440/4 | - | €4k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €6k | €4k | €12k | €19k | ▲ 57.5% |
| Taxes450/3 | - | €6k | €4k | €12k | €19k | ▲ 57.5% |
| Other amounts payable47/48 | - | €2k | €937 | €152 | €11k | ▲ 6,846% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €12k | €8k | €2k | €477 | ▼ 78.1% |
| + Depreciation and write-downs630 | €4k | €619 | €850 | €1k | €1k | ▲ 1.4% |
| Operating cash flow (approximation) | €22k | €13k | €9k | €3k | €2k | ▼ 50.4% |
| Investment in fixed assets (approximation) | - | €1k | €-957 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-493 | - | - | - | - |
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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 305 days late
01-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 670 days late
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1036 days late
2025
17-12
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 11-12-2025
13-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-11-2025
28-04
KBO administration
Address strikeout annulled
17-01
KBO administration
Address struck
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 79 days late
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 106 days late
SignalFinancial 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, Antwerpen · 1 establishment unit since 2016
Ground area
2,372 m²
Building footprint
792 m²
Volume, LiDAR
15,969 m³
Parcel 11303B0445/00F008, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
Flow
since 20162.251.211.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0445/00F008 | Flanders | 2,372 m² | 1 · 792 m² | 23.9 m · 7 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 | MARC LEEMANS PLANTINKAAI 24,
2000 ANTWERPEN 1 |
06-11-2025 → 11-12-2025 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
43211General electrical installation work
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
Contact
E-mail
leroywouter@gmail.comAntwerpen
Scores and ratios are computed by Checked and are not a credit decision.