FLOW
ActiveFrom the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FLOW has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €627,260 and a net result of €314,004. Equity has been shrinking by about 7.6% per year since 2018. Its solvency ranks better than 54% of 2,077 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 28-09-2009 Normal situation
- Registered office
- 14 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Public relations and communication consultancy NACE 73300and 2 others
- Establishment unit
- 2.236.018.957 9000 Gent, since 01-10-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2025
Board and ownership
- SCRIPTO CommVDirector · since 01-07-2021
- ATHA YOGA CommVDirector · since 08-07-2021
- JOS CommVDirector · since 08-07-2021
- OVERFLOW CVBAconsolidatesannual accounts 2020
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €2.3m
- ▲ 13.0%
- Turnover
- ≈ €3.9m
- estimated
- Profit
- €314,004
- ▲ 18.4%
- Equity
- €627,260
- ▼ 21.1%
- Total assets
- €1.3m
- ▼ 8.1%
- Staff
- 24.7 FTE
- ▼ 0.4%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 1.89, cash €412,875Figures for financial year 2025 (filed on 10-07-2026)Profit of €314,004 (financial year 2025)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small). It does better than 53% of them on solvency, 78% on liquidity, 95% on profitability and 13% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 15 filings
Amounts without an identifiable currency are taken as euros.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 16% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as FLOW: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €812,000 and €2m, founded between 2008 and 2012.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| FLOW Gent | 2009 | €1.3m | €0.6m | €2.3m | - | €0.3m | 24.7 | 2025 |
| CARING PEOPLE Sint-Joost-ten-Node | 2008 | €1.5m | €0.9m | €2.4m | €4.1m | -€0.03m | 34.3 | 2025 |
| NGroup Evere | 2010 | €1.8m | €0.6m | €3.3m | - | €0 | 29.6 | 2025 |
| COMMON GROUND Gent | 2012 | €1.0m | €0.3m | €1.3m | - | -€0.04m | 17 | 2025 |
| June20 Gent | 2008 | €1.7m | €0.2m | €1.6m | - | -€0.2m | 12.7 | 2025 |
| TILLIT Lokeren | 2010 | €2.0m | €1.1m | €1.6m | - | €0.1m | 16.4 | 2026 |
| CANYON BICYCLES BELGIUM Rotselaar | 2012 | €0.8m | €0.4m | €1.6m | - | €0.1m | 20.3 | 2025 |
They were chosen from the 7,100 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,811 companies had the same profile as FLOW has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FLOW itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for FLOW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €9,267 awarded · €10,345 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,111 | €964 |
| 2024 | 2 | €5,360 | €5,360 |
| 2023 | 2 | €1,794 | €3,157 |
| 2022 | 1 | €1,002 | €864 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.007m | €0.01m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.2m | €1.4m | €1.6m | €1.7m | €1.9m | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.04m | €0.04m | €0.03m | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 2.0% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.004m | €0.003m | €0.003m | €0.003m | ▲ 3.3% |
| Gross operating margin9900 | €1.1m | €1.4m | €1.6m | €1.3m | €1.9m | €2.1m | €2.0m | €2.3m | ▲ 13.0% |
| Operating profit (loss)9901 | €0.2m | €0.4m | €0.5m | €0.09m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 16.0% |
| Financial income75/76B | - | - | - | €135 | €79 | €0.001m | €0.01m | €0.01m | ▲ 27.3% |
| Recurring financial income75 | €223 | €239 | €243 | €135 | €79 | €0.001m | €0.01m | €0.01m | ▲ 27.3% |
| Financial charges65/66B | - | - | - | €0.005m | €0.003m | €311 | €286 | €0.002m | ▲ 607% |
| Recurring financial charges65 | €0.01m | €0.007m | €0.006m | €0.005m | €0.003m | €311 | €286 | €0.002m | ▲ 607% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.5m | €0.08m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 15.9% |
| Income taxes67/77 | €0.07m | €0.1m | €0.1m | €0.03m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 0.4% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.3m | €0.05m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.3m | €0.05m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 18.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.5m | €1.9m | €2.3m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 8.1% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.2m | €0.1m | €0.1m | €0.09m | €0.05m | €0.09m | €0.08m | €0.05m | ▼ 36.9% |
| Intangible fixed assets21 | €0.02m | €0.01m | €0.01m | €0.01m | €0.009m | €0.005m | €0.002m | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.09m | €0.09m | €0.07m | €0.04m | €0.08m | €0.07m | €0.05m | ▼ 36.1% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.001m | €0.006m | €0.004m | ▼ 23.5% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.01m | €0.06m | €0.06m | €0.04m | ▼ 26.9% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.03m | €0.02m | €0.01m | - | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 0.4% |
| Current assets29/58 | €1.1m | €1.4m | €1.8m | €2.3m | €1.6m | €1.5m | €1.3m | €1.2m | ▼ 6.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.3m | €0.3m | €0.6m | €0.4m | €0.5m | €0.4m | ▼ 7.2% |
| Trade receivables40 | - | - | - | €0.3m | €0.5m | €0.4m | €0.5m | €0.4m | ▼ 8.2% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.03m | €0.03m | €0.002m | €0.006m | ▲ 248% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | €0.5m | €0.4m | ▼ 25.0% |
| Cash at bank and in hand54/58 | €0.9m | €1.1m | €1.5m | €1.9m | €1.1m | €1.1m | €0.3m | €0.4m | ▲ 24.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.08m | €0.008m | €0.009m | €0.008m | €0.003m | ▼ 60.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.9m | €2.3m | €1.7m | €1.6m | €1.4m | €1.3m | ▼ 8.1% |
| Equity10/15 | €0.9m | €1.1m | €1.4m | €1.5m | €0.9m | €0.8m | €0.8m | €0.6m | ▼ 21.1% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.7m | €0.9m | €1.2m | €1.3m | €0.9m | €0.8m | €0.8m | €0.6m | ▼ 22.0% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.3m | €0.9m | €0.8m | €0.8m | €0.6m | ▼ 22.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €0.4m | €0.4m | €0.5m | €0.9m | €0.8m | €0.8m | €0.6m | €0.7m | ▲ 9.4% |
| Amounts payable after more than one year17 | €0.05m | €0.01m | €0.001m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.5m | €0.9m | €0.8m | €0.8m | €0.6m | €0.7m | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.001m | - | - | - | - | - |
| Trade debts44 | €0.01m | €0.01m | €0.03m | €0.5m | €0.07m | €0.08m | €0.07m | €0.08m | ▲ 12.4% |
| Suppliers440/4 | - | - | - | €0.5m | €0.07m | €0.08m | €0.07m | €0.08m | ▲ 12.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 1.1% |
| Taxes450/3 | - | - | - | €0.08m | €0.2m | €0.09m | €0.09m | €0.08m | ▼ 3.3% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.3% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.4m | €0.3m | €0.2m | €0.3m | ▲ 25.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €250 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115,388 | €228,553 | €304,333 | €46,942 | €392,025 | €408,283 | €265,173 | €314,004 | ▲ 18.4% |
| + Depreciation and write-downs630 | €52,927 | €44,457 | €35,304 | €32,555 | €35,127 | €36,230 | €36,067 | €36,784 | ▲ 2.0% |
| Operating cash flow (approximation) | €168,315 | €273,011 | €339,637 | €79,498 | €427,152 | €444,512 | €301,240 | €350,788 | ▲ 16.4% |
| Investment in fixed assets (approximation) | - | -€1,392 | -€30,797 | -€15,290 | -€4,010 | -€72,611 | -€22,988 | -€8,154 | ▲ 64.5% |
| Change in cash | - | €204,744 | €455,336 | €374,937 | -€852,754 | €39,617 | -€760,092 | €80,506 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-07-2026 | 2026-00276685 | NBB |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00206824 | |
| 31-12-2023 | abbreviated format | 12-07-2024 | 2024-00237652 | |
| 31-12-2022 | abbreviated format | 18-07-2023 | 2023-00243620 | |
| 31-12-2021 | abbreviated format | 19-07-2022 | 2022-20198070 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-30800358 | |
| 31-12-2019 | abbreviated format | 12-06-2020 | 2020-16200006 | |
| 31-12-2018 | abbreviated format | 19-07-2019 | 2019-34400590 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-22200349 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-19400372 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- OVERFLOW CVBA
- FLOW
Owners 1
- OVERFLOW CVBAconsolidating parentconsolidates
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SCRIPTO CommV |
|
| ATHA YOGA CommV |
|
| JOS CommV |
|
Network & group
Connections & network
3 current directorsThe network starts from the directors of FLOW. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-10
Gazette deed
Registered officeRegistered-office move · Power of attorney3 points ▸
- General meeting, 07-09-2026
- Registered-office move, Martelaarslaan 17, 9000 Gent
- Power of attorney, NV DPO-ACCOUNTANCY NOORD
29-07
Gazette deed
Permanent representatives: Yves BARBION, Wouter VERKERKEN and Wim GUILBERT7 points ▸
- General meeting, 15-07-2022
- Director in office, ATHA YOGA (director)
- Permanent representative, Yves BARBION
- Director in office, JOS (director)
- Permanent representative, Wouter VERKERKEN
- Director in office, SCRIPTO (director)
- Permanent representative, Wim GUILBERT
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44816K0954/00F002 | Flanders | 6,963 m² | 1 · 2,673 m² | 67.8 m · 9 |