Equity
€22,247 from €89,071 in 2024
Equity fell by 75% in 1 year.
FLOW INVEST
Lifetime
5 annual accounts with figures on one time axispeak €75,548 (2023)
-€27,215▼ €98,655
lowest -€66,824 (2025)
-€66,824▼ €91,504
peak €89,071 (2024)
€22,247▼ 75.0%
€476,417▼ 17.0%
Board5 names since 2021
2 directorsTAGA GROUP and 1 other
Owners
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €71,440 to -€27,215Loss of €66,824Equity from €89,071 to €22,247Debts from €573,886 to €476,417Cash from €22,414 to €30,115
Key points
from the 2025 annual accountsResult
-€66,824 -€66,824
From profit to loss in 2025, after a profit of €24,680 in 2024.
Debts
€476,417 96% of the balance sheet
Financial debts 55%Suppliers 4%Taxes and wages 3%Other 38%
Of this, €213,057 falls due within a year.
Filings
5 annual accounts 4 late
The 2022 accounts came latest: 52 days after the end of the period.
At the same address
8 companies
Position in the sector
-€66,824
Lower net result than 95% of companies in advertising and market research. Sector median €14,755 · 8,618 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 0.5%▼ -0.5 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.7%▼ -0.4 percentage points vs 08-2026
10-2026: 0.6%▼ -0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €66,824 (financial year 2025)
Equity €22,247 (4.5% of total assets)
lowers risk
Size: total assets €498,664
Sector: Advertising, market research and public relations activities (NACE 73)
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, micro). It does better than 16% of them on solvency, 21% on liquidity, 13% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 450 companies had the same profile as FLOW INVEST has now. Each dot is one company, two years later.
87.3%
were still trading
5.3%
stopped another way
6.4%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FLOW INVEST itself is lower: 0.6% within 12 months. It rests on far more data about FLOW INVEST than the profile alone.
Test of the method
The method was tested on the 497,448 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 450 companies, not a prediction for FLOW INVEST. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.32 (1.88 in 2024), above the usual 1.5. Short-term debt is 42.7% and cash 6% of total assets. However, 95.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8617 sector peers (2025).
NBB · sector comparisonPosition among 8617 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
24 days late
2024
30 days late
2023
22 days late
2022
52 days late
2021
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 24 days after 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SZ HOLDING 52%score 66equity €48,836 (2025) · 2022 annual accounts of SZ HOLDING
- SENFINA GROUPscore 53equity -€41,938 (2025) · deed of 10-10-2022
- TAGA GROUPscore 84equity €143,620 (2025) · deed of 10-10-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0769976201
Resignation: SENFINA GROUP (director)
Transfer of 24 shares from SENFINA GROUP to TAGA GROUP · Transfer of 2 shares from SZ HOLDING to TAGA GROUP · Permanent representative: BRODKOM Antoine · Gazette deed
2 directors appointed, 2 resignations
Resignations: BRODKOM Antoine (director) and MOMMENS Gauthier (director) · Appointments: SENFINA Group (director) and TAGA Group (director) · Permanent representatives: BRODKOM Antoine and MOMMENS Gauthier · General meeting of 16-08-2022 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founders: SZ HOLDING, Gauthier MOMMENS and Antoine BRODKOM · Appointments: Gauthier MOMMENS, Antoine BRODKOM and SZ HOLDING · published on 24-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLOW INVEST Liège | €498,664 | -€27,215 | 4.5% | - |
| Inaequo Consulting Kampenhout | €537,158 | -€735 | 0.4% | - |
| Network for Excellence in Training Gavere | €524,132 | -€5,895 | 2.0% | - |
| PLURIBUS GLOBAL Schaerbeek | €485,118 | -€31,298 | 38.3% | - |
| EU.NOMIA Business Services and Consulting Uccle | €535,295 | €481 | 97.8% | - |
| Poka Belgium Brussels | €625,503 | -€64,967 | -58.9% | - |
| THE POD Ottignies-Louvain-la-Neuve | €600,198 | -€213,285 | 2.0% | 0.4 |
These companies have the same main activity as FLOW INVEST: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €485,000 and €626,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 22-06-2021Normal situation
- Registered office
- 10 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.321.364.5074020 Liège, since 22-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Insights on FLOW INVEST
FLOW INVEST files the micro format. That format states no turnover. The gross margin fell from €1,327 in 2021 to -€27,215 in 2025.
SZ HOLDING holds 52% of the shares. In 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLOW INVEST
- What is the company number of FLOW INVEST?
- The company number of FLOW INVEST is 0769.976.201. The VAT number is the same number with BE in front: BE 0769.976.201.
- Where is FLOW INVEST based?
- The registered office is at Rue Saint-Julien 24, 4020 Liège.Company details
- What does FLOW INVEST do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of FLOW INVEST?
- FLOW INVEST is a private limited company (BV).
- When was FLOW INVEST founded?
- FLOW INVEST was founded on 22-06-2021.
- Is FLOW INVEST still active?
- Yes, FLOW INVEST is an active enterprise in the KBO register.
- What is the turnover of FLOW INVEST?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FLOW INVEST profitable?
- In financial year 2025, FLOW INVEST made a loss of €66,824.
- Where can I find the annual accounts of FLOW INVEST?
- FLOW INVEST filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLOW INVEST due?
- FLOW INVEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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