FLOW CONCEPT
ActiveSummary
FLOW CONCEPT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68k and a net result of €17k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+4
Solvency90▲+13
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 1.98 in 2023; short-term debt: 35% and cash: 72.3% of total assets), and 35% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 28-07-2025, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
5 d early
2022
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€68k▲ 34.3%
2023 · €51k
2022: €37k
2023: €51k
2022 → 2024
Total assets
€105k▲ 7.9%
2023 · €97k
2022: €102k
2023: €97k
2022 → 2024
Net result
€17k▲ 26.5%
2023 · €14k
2022: €32k
2023: €14k
2022 → 2024
Working capital
€63k▲ 39.0%
2023 · €46k
2022: €37k
2023: €46k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€37k-€51k▲ 37.2%€68k▲ 34.3%
Operating result€40k-€17k▼ 56.9%€22k▲ 28.2%
Net result€32k-€14k▼ 56.9%€17k▲ 26.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€5k ▼ 5.9%
Current assets
€100k ▲ 8.7%
Equity and liabilities €105k
Equity
€68k ▲ 34.3%
Debt
€37k ▼ 21.0%
Debt's share of the balance-sheet total falls from 47.8% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2023 · €18k
Cash flow
€20k▲
2023 · €14k
Current ratio
2.72▲
2023 · 1.98
Debt to equity
0.54▼
2023 · 0.91
ROE
25.6%▼
2023 · 27.1%
ROA
16.6%▲
2023 · 14.2%
Interest coverage
174.78▼
2023 · 2625.86
Debt ≤ 1 year
€37k▼
2023 · €47k
Income taxes
€5k▲
2023 · €3k
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 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€97k€105k▲
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€5k€5k▼
Furniture and vehicles24€5k€5k▼
Current assets29/58€92k€100k▲
Amounts receivable within one year40/41€33k€22k▼
Trade receivables40€21k€7k▼
Other amounts receivable41€12k€15k▲
Cash at bank and in hand54/58€59k€76k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€97k€105k▲
Equity10/15€51k€68k▲
Contributions10/11€5k€5k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€6k€23k▲
Amounts payable17/49€47k€37k▼
Amounts payable within one year42/48€47k€37k▼
Trade debts44€43k€32k▼
Suppliers440/4€43k€32k▼
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48-€379
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€601€3k▲
Other operating charges640/8€348-
Gross operating margin9900€18k€25k▲
Operating profit (loss)9901€17k€22k▲
Financial charges65/66B€7€142▲
Recurring financial charges65€7€142▲
Profit (loss) for the period before taxes9903€17k€22k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€14k€17k▲
Profit (loss) for the period to be appropriated9905€14k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€23k▼
Profit (loss) brought forward from the previous period14P€32k€6k▼
Transfer to equity691/2€40k-
To other reserves6921€40k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €14k ▼56.9%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Courcelles · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Adolphe Rectem(TR) 946183 CourcellesGround area
901 m²
Building footprint
107 m²
Volume, LiDAR
966 m³
Parcel 52066A0242/00S006, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Adolphe Rectem(TR) 94, 6183 Courcelles
since 20222.325.919.943
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066A0242/00S006 | Wallonia | 901 m² | 1 · 107 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,564 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32495538342