FLOW IT
ActiveSummary
FLOW IT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322,128 and a net result of -€161,884. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-75
Solvency76▼-24
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 5.02 against 9.04 in 2024; short-term debt: 3.7% and cash: 3.1% of total assets), and 49% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
51%
Return on assets
-25.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
25 d late
2022
22 d late
2021
16 d late
2020
30 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€322,128▼ 33.4%
2024 · €484,012
Total assets
€631,258▲ 20.2%
2024 · €525,114
Net result
-€161,884
2024 · €26,102
Working capital
€93,465▼ 71.7%
2024 · €330,328
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€94,972▲ 5.1%€94,415▼ 0.6%€156,301▲ 65.5%€18,205▼ 88.4%-€146,723
Net result€55,638▼ 17.7%€67,353▲ 21.1%€108,680▲ 61.4%€26,102▼ 76.0%-€161,884
Equity€415,104▲ 15.5%€454,588▲ 9.5%€484,108▲ 6.5%€484,012=€322,128▼ 33.4%
Total assets€437,746▲ 18.9%€511,630▲ 16.9%€588,967▲ 15.1%€525,114▼ 10.8%€631,258▲ 20.2%
Debt€22,642▲ 162%€57,042▲ 152%€104,859▲ 83.8%€41,102▼ 60.8%€309,130▲ 652%
Working capital€280,196▲ 27.1%€316,855▲ 13.1%€311,007▼ 1.8%€330,328▲ 6.2%€93,465▼ 71.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €146,723 after €18,205 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €631,258
Fixed assets
€514,571 ▲ 235%
Current assets
€116,688 ▼ 68.6%
Equity and liabilities €631,258
Equity
€322,128 ▼ 33.4%
Debt
€309,130 ▲ 652%
Debt's share of the balance-sheet total rises from 7.8% to 49.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€120,801▼
2024 · €39,265
Cash flow
-€135,963▼
2024 · €47,162
Current ratio
5.02▼
2024 · 9.04
Debt to equity
0.96▲
2024 · 0.08
ROE
-50.3%▼
2024 · 5.4%
ROA
-25.6%▼
2024 · 5.0%
Interest coverage
-7.57▼
2024 · 25.01
Debt ≤ 1 year
€23,223▼
2024 · €41,102
Debt > 1 year
€283,932
Income taxes
€265▼
2024 · €7,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 926 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,667 | €9,124 | €12,252 | €21,060 | €25,921 | ▲ 23.1% |
| Other operating charges640/8 | - | €1,985 | €1,041 | €862 | €41,847 | ▲ 4,757% |
| Gross operating margin9900 | €104,028 | €105,524 | €169,593 | €40,127 | -€78,954 | ▼ 297% |
| Operating profit (loss)9901 | €94,972 | €94,415 | €156,301 | €18,205 | -€146,723 | ▼ 906% |
| Financial income75/76B | - | €1,727 | €84 | €16,670 | €1,062 | ▼ 93.6% |
| Recurring financial income75 | €1,838 | €1,727 | €84 | €16,670 | €1,062 | ▼ 93.6% |
| Financial charges65/66B | - | €1,030 | €2,387 | €1,570 | €15,959 | ▲ 917% |
| Recurring financial charges65 | €728 | €1,030 | €2,387 | €1,570 | €15,959 | ▲ 917% |
| Profit (loss) for the period before taxes9903 | €96,081 | €95,112 | €153,998 | €33,306 | -€161,619 | ▼ 585% |
| Income taxes67/77 | €40,443 | €27,759 | €45,318 | €7,204 | €265 | ▼ 96.3% |
| Profit (loss) for the period9904 | €55,638 | €67,353 | €108,680 | €26,102 | -€161,884 | ▼ 720% |
| Profit (loss) for the period to be appropriated9905 | €113,638 | €67,353 | €108,680 | €26,102 | -€161,884 | ▼ 720% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437,746 | €511,630 | €588,967 | €525,114 | €631,258 | ▲ 20.2% |
| Fixed assets21/28 | €134,908 | €137,733 | €173,101 | €153,684 | €514,571 | ▲ 235% |
| Tangible fixed assets22/27 | €94,449 | €97,274 | €132,642 | €113,225 | €474,111 | ▲ 319% |
| Land and buildings22 | - | €90,074 | €83,949 | €77,825 | €451,554 | ▲ 480% |
| Plant, machinery and equipment23 | - | €2,777 | €3,777 | €3,812 | €2,773 | ▼ 27.3% |
| Furniture and vehicles24 | - | €4,423 | €44,916 | €31,587 | €19,783 | ▼ 37.4% |
| Financial fixed assets28 | €40,460 | €40,460 | €40,460 | €40,460 | €40,460 | = |
| Current assets29/58 | €302,837 | €373,897 | €415,866 | €371,430 | €116,688 | ▼ 68.6% |
| Amounts receivable after more than one year29 | - | - | - | €13,619 | €44,153 | ▲ 224% |
| Other amounts receivable291 | - | - | - | €13,619 | €44,153 | ▲ 224% |
| Amounts receivable within one year40/41 | €133,729 | €111,151 | €119,867 | €100,934 | €50,361 | ▼ 50.1% |
| Trade receivables40 | - | €80,198 | €97,335 | €42,784 | €7,944 | ▼ 81.4% |
| Other amounts receivable41 | - | €30,953 | €22,532 | €58,150 | €42,417 | ▼ 27.1% |
| Cash at bank and in hand54/58 | €167,560 | €260,670 | €293,143 | €254,726 | €19,272 | ▼ 92.4% |
| Deferred charges and accrued income490/1 | - | €2,076 | €2,856 | €2,151 | €2,902 | ▲ 34.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437,746 | €511,630 | €588,967 | €525,114 | €631,258 | ▲ 20.2% |
| Equity10/15 | €415,104 | €454,588 | €484,108 | €484,012 | €322,128 | ▼ 33.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €408,904 | €448,388 | €477,908 | €451,710 | €451,710 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €13,306 | €13,306 | €13,306 | €13,306 | = |
| Distributable reserves133 | - | €433,222 | €462,742 | €438,405 | €438,405 | = |
| Profit (loss) carried forward14 | - | - | - | €26,102 | -€135,783 | ▼ 620% |
| Amounts payable17/49 | €22,642 | €57,042 | €104,859 | €41,102 | €309,130 | ▲ 652% |
| Amounts payable after more than one year17 | - | - | - | - | €283,932 | - |
| Financial debts170/4 | - | - | - | - | €283,932 | - |
| Amounts payable within one year42/48 | €22,642 | €57,042 | €104,859 | €41,102 | €23,223 | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,580 | - |
| Financial debts43 | - | - | - | €20 | - | - |
| Credit institutions430/8 | - | - | - | €20 | - | - |
| Trade debts44 | €5,895 | €18,047 | €64,290 | €27,504 | €6,017 | ▼ 78.1% |
| Suppliers440/4 | - | €18,047 | €64,290 | €27,504 | €6,017 | ▼ 78.1% |
| Taxes, remuneration and social security45 | - | €38,995 | €31,420 | €13,578 | €626 | ▼ 95.4% |
| Taxes450/3 | - | €38,995 | €31,420 | €13,578 | €626 | ▼ 95.4% |
| Other amounts payable47/48 | - | - | €9,149 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,976 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,638 | €67,353 | €108,680 | €26,102 | -€161,884 | ▼ 720% |
| + Depreciation and write-downs630 | €7,667 | €9,124 | €12,252 | €21,060 | €25,921 | ▲ 23.1% |
| Operating cash flow (approximation) | €63,305 | €76,477 | €120,932 | €47,162 | -€135,963 | ▼ 388% |
| Investment in fixed assets (approximation) | - | -€11,948 | -€47,620 | -€1,643 | -€386,808 | ▼ 23,443% |
| Change in cash | - | €93,110 | €32,473 | -€38,417 | -€235,454 | ▼ 513% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€161,884
Net result drops to -€161,884, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 9.04
Current ratio from 3.97 to 9.04; short-term debt falls from €104,859 to €41,102.
2023
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
31-03
Financial
Highest result since 2019net €108,680 ▲61.4%
Operating result €156,301, net result €108,680, both a record.
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Liquidity times 11current ratio 26.71
Current ratio from 2.44 to 26.71; short-term debt falls from €104,959 to €8,577.
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Deinze · 1 establishment unit since 2005
Ground area
1,461 m²
Building footprint
155 m²
Volume, LiDAR
853 m³
Parcel 44054A0532/00V003, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Flow IT
since 20052.150.036.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0532/00V003 | Flanders | 1,461 m² | 1 · 155 m² | 8.1 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
0.44%
According to the annual accounts to 31-03-2025 of FLOW IT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 23,945 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 23,945 EUR | 0 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 13,534 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2005
Fiscal year end31-03
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877273542
Also
9925:BE0877273542
Registered
30-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.