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Complete company report
Generated 31-07-2026
Active BE 0648.591.389Private limited company (pre-2019)

Flow

Uitbreidingstraat 66 ·2600 Antwerpen, Belgium· 10 yrs active
Sector: Advertising & market research (73300)
Conclusion Checked

The file of Flow contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 2.6% (moderate). The 2024 annual accounts show negative equity (€-15k) and a net result of €477. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 2536 sector peers (fiscal year 2024).

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-15k
Net result €477
Better than sector 6%
Active 10 yrs
Snowflake analysis 5 axes · computed by Checked
Health33Profitability0Solvency47Growth52Stability69
40 / 100

Fragile profile, watch profitability in particular.

Health 33
Profitability 0
Solvency 47
Growth 52
Stability 69
Bankruptcy probability (12 mo) Checked model v1 · free
2.6% Moderate
0%0,5%1,5%4%10%≥25%
Recent warning signals +Annual accounts: weaker financial profile +Ex-officio strike-off +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
23 / 100
Moderate risk
Components
· 2 historical bankruptcy publications (+20)
· 1 administrative flag (+3)
Trust signals 1 signals
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags 2 events
Address struckAddress strikeout annulled
Health barometer FY 2024 · computed
33 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview8 NBB filings
Annual accounts filed on 01-06-2026 with the NBB · fiscal year 2024 · micro
€0€3k€5k€8kOperating result 2022: €8k€8kNet result 2022: €8k€8kOperating result 2023: €3k€3kNet result 2023: €2k€2kOperating result 2024: €1k€1kNet result 2024: €477€477202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~8.8%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-18k€-16k€-14k€-12k€-10k2025: €-13k (€-15k - €-12k)2026: €-12k (€-13k - €-11k)2027: €-11k (€-12k - €-10k)2022: €-17k2023: €-15k2024: €-15k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -42.5% 56.3%
better than 6% of 2536 sector peers
Net result €477 €19k
better than 23% of 2538 sector peers
Equity €-15k €44k
better than 5% of 2536 sector peers
Gross operating margin €3k €37k
better than 16% of 2535 sector peers
Total assets €34k €93k
better than 20% of 2538 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€3k
-32.2% -33% vs sector
Net profit
€477
-78.1% -95% vs sector
Cash flow
€2k
-50.4% -84% vs sector
Total assets
€34k
+101.1% -66% vs sector
Equity
€-15k
+3.2% far below sector median
Working capital
€4k
+73.4% -88% vs sector
Staff costs
€487
-34.7% -97% vs sector
Income taxes
€360
+35.8% -83% vs sector
Debt
€49k
+52.2% -23% vs sector
Debt ≤ 1y
€29k
+137.2% -54% vs sector
Debt > 1y
€20k
0.0% 22-24
Current ratio
1.13
-4.2% -18% vs sector
Quick ratio
1.13
-4.2% -18% vs sector
Solvency
-42.5%
+51.9% far below sector median
Debt / equity
-3.35
-57.2% far below sector median
ROE
-3.3%
+77.4% far below sector median
ROA
1.4%
-89.1% -86% vs sector
Interest coverage
4.51
-74.5% -55% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€3k
Net profit€477
Cash flow€2k
Staff costs-
Income taxes€360
Dividends-
Total assets€34k
Equity€-15k
Debt€49k
of which ≤ 1y€29k
of which > 1y€20k
Working capital€4k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.13
Quick ratio1.13
Working capital ratio11.4%
Solvency-42.5%
Debt / equity-3.35
Long-term debt ratio-1.36
Interest coverage4.51
Gross margin-
Net margin-
ROA1.4%
ROE-3.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€34k
Fixed assets 21/28€1k
Tangible fixed assets 22/27€1k
Current assets 29/58€33k
Amounts receivable within one year 40/41€30k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€34k
Equity 10/15€-15k
Contributions / capital 10/11€19k
Accumulated profits (losses) 14€-33k
Amounts payable 17/49€49k
Amounts payable after one year 17€20k
Amounts payable within one year 42/48€29k
Income statement
Gross operating margin 9900€3k
Operating result 9901€1k
Financial charges 65€575
Result before taxes 9903€837
Income taxes 67/77€360
Net result for the period 9904€477
Result to be appropriated 9905€477
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator MARC LEEMANS
PLANTINKAAI 24, 2000 ANTWERPEN 1
 06-11-2025 → present Belgian State Gazette
Legal Structure
NACE primary Advertising & market research(73300)
Legal form Private limited company (pre-2019)(015)
Incorporation11-02-2016
StatusActive
Postal code2600
First BS signal 13-11-2025
Latest BS signal 17-12-2025
Company structure, linked entities1 linked entities
FlowBE 0648.591.389MARC LEEMANSReceiver
Mandates
Establishment units 1 location
Flow
Uitbreidingstraat 66, 2600 AntwerpenVervaardiging van groente- en fruitsappen
since 20162.251.211.929
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11303B0445/00F008 Flanders 2,372 m² 1 · 792 m² 23.9 m · 7 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 16 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
01-06-2026
NBB filing Annual accounts filed
fiscal year 2024 · micro
01-06-2026
NBB filing Annual accounts filed
fiscal year 2023 · micro
01-06-2026
NBB filing Annual accounts filed
fiscal year 2022 · micro
2025
17-12-2025
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLOW BVBA UITBREIDINGSTRAAT 66, 2600 BERCHEM (ANTWERPEN) · event 11-12-2025
13-11-2025
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLOW BVBA UITBREIDING- STRAAT 66, 2600 BERCHEM (ANTWERPEN) · event 06-11-2025
29-04-2025
State Gazette act Registered-office change
28-04-2025
KBO administration Address strikeout annulled
17-01-2025
KBO administration Address struck
2024
26-02-2024
State Gazette act Registered-office change
2022
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
31-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
18-10-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
14-11-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
Lifecycle & Insolvency Signals 4 events
17-12-2025
Bankruptcy Bankruptcy reversal
Date: 11-12-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLOW BVBA UITBREIDINGSTRAAT 66, 2600 BERCHEM (ANTWERPEN) · Publications in State Gazette ↗
13-11-2025
Bankruptcy Opening
Date: 06-11-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FLOW BVBA UITBREIDING- STRAAT 66, 2600 BERCHEM (ANTWERPEN) · Publications in State Gazette ↗
28-04-2025
KBO administration Address strikeout annulled
 · Publications in State Gazette ↗
17-01-2025
KBO administration Address struck
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-01-17 · KBO administration · Address struck2025-04-28 · KBO administration · Address strikeout annulled2025-11-13 · Bankruptcy · Opening2025-12-17 · Bankruptcy · Bankruptcy reversal
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Address history · 2
29-04-2025
Registered-office move
26-02-2024
Registered-office move
All acts · 2 updated 1 year ago
2025
29-04-2025 Registered office moved from Wommelgem to Berchem Registered-office change
  • Nijverheidsstraat 70 - 2160 Wommelgem → Uitbreidingstraat 66 2600 Berchem
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Uitbreidingstraat 66 2600 Berchem",
        "city": "Berchem",
        "region": "vlaams_gewest",
        "street": "Uitbreidingstraat",
        "country": "BE",
        "postcode": "2600",
        "box_number": null,
        "street_number": "66",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Nijverheidsstraat 70 - 2160 Wommelgem",
        "city": "Wommelgem",
        "region": "vlaams_gewest",
        "street": "Nijverheidsstraat",
        "country": "BE",
        "postcode": "2160",
        "box_number": null,
        "street_number": "70",
        "locality_suffix": null
      },
      "effective_date": "2024-10-28",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-04-29",
    "filing_date": "2025-04-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2025-01-18",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0648.591.389",
    "name_full": "Flow",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Leroy Wouter",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": []
}
2024
26-02-2024 Registered office moved from Zottegem to Wommelgem Registered-office change
  • Gehuchte 25 te 9620 Zottegem → Nijverheidsstraat 70 te 2160 Wommelgem
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Nijverheidsstraat 70 te 2160 Wommelgem",
        "city": "Wommelgem",
        "region": "vlaams_gewest",
        "street": "Nijverheidsstraat",
        "country": "BE",
        "postcode": "2160",
        "box_number": null,
        "street_number": "70",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Gehuchte 25 te 9620 Zottegem",
        "city": "Zottegem",
        "region": "vlaams_gewest",
        "street": null,
        "country": "BE",
        "postcode": "9620",
        "box_number": null,
        "street_number": null,
        "locality_suffix": null
      },
      "effective_date": "2023-12-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-02-26",
    "filing_date": "2024-02-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2024-01-31",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0648.591.389",
    "name_full": "NEERLFOOING TER GRIFFIE VAN DE ONDEKNEMINGSRLCHTBANK GLNT",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Leroy Wouter",
    "org_rep_person_name": null,
    "person_role_at_subject": "bestuurder"
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL Flow
Registered office
Uitbreidingstraat 66
2600 Antwerpen, Belgium
Registration history
  1. 28-04-2025 Address strikeout annulled
  2. 17-01-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative