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FLOW STUDIO

Active Private limited companyfounded 2003active for 23 yearsRue de Bruxelles 42, 1300 WavreKBO/BCE: BE 0859.858.181
FLOW STUDIO
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Overview

Lifetime

20 annual accounts with figures on one time axis, 22 filings since 2004
peak €306,091 (2007)
€43,070▼ 18.3%
lowest -€70,525 (2024)
-€32,662▲ €37,863
peak €358,099 (2009)
€16,794▼ 66.0%
€236,359▼ 4.0%
peak 1 FTE (2018)
-not published
Board1 name since 2003
1 directorVEREECKEN, Olivier Michel Jean Ghislain
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €52,706 to €43,070Loss of €32,662Equity from €49,456 to €16,794

Key points

from the 2025 annual accounts

Equity

€16,794 from €358,099 in 2009

Equity fell by 95% in 16 years.

Losses

-€126,737 in three years
-23,5492023-70,5252024-32,6622025

Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.

Turnover

≈ €140,000 estimated

The accounts state no turnover.

Debts

€236,359 93% of the balance sheet
Financial debts 28%Suppliers 50%Taxes and wages 9%Other 13%

Of this, €169,621 falls due within a year.

Filings

22 annual accounts since 2004
AprilJune31 JulyOctober20102020

Ten of the last ten came late. The 2021 accounts came latest: 243 days after the end of the period.

Position in the sector

-€32,662

Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.

Checked score

53
Fair
Financially stronger than 12% of micro companies in computer programming and consultancy (NACE 62)
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
0.8% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 0.9%▼ -0.1 percentage points vs 03-2025 05-2025: 0.8%▼ -0.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.3 percentage points vs 07-2025 09-2025: 1.4%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.8%▼ -0.6 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.7%▼ -0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026lowest value 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.2 percentage points vs 07-2026 09-2026: 0.8%▼ -0.1 percentage points vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026 11-2026: 0.8%● unchanged vs 10-2026

Financial strength
Weak

32-10equity 6.6% of total assets
27-8short-term debt 67.0% · cash 10.1%
16+16return on assets -12.9%

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
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Loss of €32,662, the second in a row (financial year 2025)
lowers risk
Size: total assets €253,153
Sector: Computer programming, consultancy and related activities (NACE 62)
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 62, micro). It does better than 14% of them on solvency, 10% on liquidity, 14% on profitability and 11% on growth.

The bankruptcy probability was computed on 09-11-2026 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, 540 companies had the same profile as FLOW STUDIO has now. Each dot stands for 2 companies, two years later.

85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
  • Micro
  • 20 years or older
  • solvency under 10%
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of FLOW STUDIO itself is lower: 0.8% within 12 months. It rests on far more data about FLOW STUDIO than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 540 companies, not a prediction for FLOW STUDIO. 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 €500 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 insufficient, with a current ratio of 0.64 (0.7 in 2024), below 1. Short-term debt is 67% and cash 10.1% of total assets. 93.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Loss of €32,662, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €253,153
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€32,662
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 21206 sector peers (2025).
NBB · sector comparison
Position among 21206 sector peers
Solvency
better than 12%
← weakest strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
97 days late
2022
70 days late
2021
243 days late
2020
117 days late
2019
96 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 98 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 9 October (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VO
VEREECKEN, Olivier Michel Jean Ghislain
Director
  • VEREECKEN, Olivier Michel Jean Ghislain 50 sharesdeed of 31-05-2019
  • de FOOZ, Audrey 50 sharesdeed of 31-05-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0859858181
Change of role: VEREECKEN, Olivier Michel Jean Ghislain, from manager to director “Toutes activités et opérations dans le domaine informatique, à savoir :; L’achat et la vente en gros ou en…” (deed in French) · VEREECKEN, Olivier Michel Jean Ghislain holds 50 shares · de FOOZ, Audrey holds 50 shares · General meeting of 17-05-2019 · Gazette deed
Incorporation published on 21-08-2003 · Gazette deed
First establishment Rue de Bruxelles 42, Wavre
All 34 events

Comparable companies

same main activity, similar in size and age
Company
FLOW STUDIO Wavre €253,153 €43,070 6.6% -
D&D FACTORY Grez-Doiceau €248,786 €38,468 69.6% -
TP CONSULTING Ottignies-Louvain-la-Neuve €263,731 €45,616 68.5% -
CORE Zottegem €256,484 €44,454 54.2% -
MANTIZ Lochristi €270,419 €44,200 76.2% -
MOVE - ON Wingene €272,452 €42,334 64.0% -
SKYCLEAR Grimbergen €245,392 €46,218 53.1% -

These companies have the same main activity as FLOW STUDIO: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €245,000 and €272,000, founded between 2000 and 2004.

Official details

Source: KBO
Status
Active since 13-08-2003Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200and 2 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.132.655.3611300 Wavre, since 30-07-2003
Financial year end
31 December
Peppol
Reachable since 21-11-2025
Company details

Annual accounts 2025

€43,070▼ 18.3%
€32,662▼ 53.7%
€16,794▼ 66.0%
€253,153▼ 14.4%
Employeeson 31-12-2025
1=
Filing
Filed on 31-08-2026
Financials

Insights on FLOW STUDIO

FLOW STUDIO files the micro format. That format states no turnover. The gross margin fell from €72,180 in 2006 to €43,070 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€43,070
▼ 18.3%
-€26,943
▲ €38,886
€8,957
▲ €33,635
€3,238
▲ €32,612
6.6%
▼ 10.1 percentage points
0.64
▼ 0.06

The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €120,000 and €200,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €253,153 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

6.6%

Higher than 12% of 21,206 companies in 2025.

0.64

Higher than 8% of 20,569 companies in 2025.

-12.9%

Higher than 9% of 20,744 companies in 2025.

FLOW STUDIO Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

€30,848

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, nobody joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 253,153295,635364,812357,254406,210355,766351,205544,778510,636405,060322,762311,059268,007481,937623,931559,981520,838559,319510,444181,153
20 ------------0000----
21/28 144,290179,202202,473149,856174,499235,293204,907272,294279,615182,07673,17975,52821,90222,69821,72443,84963,35872,95384,02729,630
21 ------------0000----
22/27 144,290179,128202,473149,856174,499235,293204,907222,294229,615132,07623,17919,38221,90222,69821,72443,84963,35872,95384,02729,630
22 43,33347,66752,00056,33360,66765,00069,33373,66778,00082,333--0000----
23 21,28923,39726,65811,7065,3524,6693,2293,9394,0314,6654,1484,7571802703600----
24 16,93126,73129,45131,50345,32142,43741,86645,46037,90228,5015,1568,13710,6658,07311,80231,76248,74655,81666,39416,194
26 62,73681,33394,36450,31363,160123,18790,47999,229109,68216,57813,8756,48911,05714,3559,56212,08714,61217,13717,63313,436
27 ------------0000----
28 074-----50,00050,00050,00050,00056,1460000----
29/58 108,863116,433162,339207,399231,711120,473146,297272,484231,021222,984249,583235,531246,105459,239602,207516,132457,480486,366426,417151,523
29 ------------0000----
290 ------------0000----
291 ------------0000----
3 ------------0000----
30/36 ------------0000----
37 ------------0000----
40/41 76,39978,307140,136144,926175,15879,865106,619217,656188,141130,163164,302183,435148,528333,629448,671427,030345,013309,548212,557102,290
40 74,75274,058136,691142,585173,11970,043106,376182,779152,98895,057129,511144,29439,308275,916387,080293,591148,190147,39373,38326,015
41 1,6474,2503,4452,3412,0399,82224334,87735,15335,10634,79139,141109,22157,71461,591133,439196,823162,155139,17476,275
50/53 ------------0000----
54/58 25,47033,2189,88057,87656,55335,60833,15148,39738,16588,53383,56350,56586,153113,738132,21657,387105,550175,770211,50048,487
490/1 6,9954,90812,3234,597-5,0006,5276,4324,7164,2881,7181,53111,42311,87221,32031,7156,9171,0482,360746
Balance sheet: equity and liabilities
10/49 253,153295,635364,812357,254406,210355,766351,205544,778510,636405,060322,762311,059268,007481,937623,931559,981520,838559,319510,444181,153
10/15 16,79449,456119,981143,530141,042172,864144,374194,226215,102214,097214,023205,464218,107221,056270,425236,475358,099331,601295,422115,122
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 -----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------------0000----
11 ---18,60018,600-------0000----
1100/10 ------------0000----
1109/19 ---18,60018,600---------------
12 ------------0000----
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860------0000----
130 -----1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,860---------------
1312 ------------0000----
1319 ------------0000----
132 ------------0000----
133 ------------0000----
14 -3,66628,99699,521123,070120,582152,404123,914173,766194,642193,637193,563185,004197,647200,596249,965216,015337,639311,141274,96294,662
15 ------------0000----
19 ------------0000----
16 ------------0000----
160/5 ------------0000----
168 ------------0000----
17/49 236,359246,179244,831213,724265,167182,901206,831350,553295,534190,963108,739105,59549,900260,881353,506323,506162,739227,718215,02266,031
17 66,72179,81292,92860,12069,06182,39692,540132,638129,686116,042--00001,3329,17216,759-
170/4 66,72179,81292,92860,12069,06182,39692,540132,638129,686116,042--00001,3329,17216,759-
175 ------------0000----
176 ------------0000----
178/9 ------------0000----
42/48 169,621166,302151,902153,604196,057100,505113,507217,523165,84874,921108,739105,59549,900260,367352,846323,506161,003218,406197,63866,031
42 13,09113,47315,6418,94115,04922,06915,09818,56112,94611,140--0001,3329,1228,8288,612-
43 ------------0000-36,344--
430/8 ------------0000-36,344--
439 ------------0000----
44 117,452108,99475,05861,255116,5133,30715,13899,00883,56141,63086,73496,30346,690255,222292,676207,786125,91841,58155,11424,972
440/4 117,452108,99475,05861,255116,5133,30715,13899,00883,56141,63086,73496,30346,690255,222292,676207,786125,91841,58155,11424,972
441 ------------0000----
46 32-----17,40717,40723,174--8,28901,93615,8853,969----
45 21,40419,36420,26929,48920,20820,16815,35318,63018,49021,69922,0059983,2093,20940,08725,41925,963131,653133,91241,059
450/3 12,93414,68011,51322,13417,64410,70410,63114,30415,20921,69922,0059983,2093,20940,08725,41925,963130,153133,91241,059
454/9 8,4704,6848,7567,3552,5649,4644,7214,3263,280---0000-1,500--
47/48 17,64324,47240,93553,92044,28754,96250,51163,91727,678451-5004,19785,000----
492/3 1765--49-784392----05146600404140625-
Income statement
70 ------------00582,3750569,460598,318758,555415,819
76A 04101,125-4,512-5,447-----05423,9030--9,917-
9900 43,07052,70643,07068,88072,83993,00456,92045,29158,99748,44622,840-2,69825,506-33,65675,7399,46767,19282,213306,09172,180
60/61 ------------00506,6360502,268166,255452,464343,639
62 30,84821,07421,79718,78419,17916,46031,37427,34023,6254,680--0000----
630 35,90141,15237,17441,31942,47838,82636,16733,49230,24337,4059,1369,7279,83912,79221,44935,27831,55229,38525,43913,288
631/4 ------------030302,556----
635/8 ------------0000----
640/8 1,11156,3101,7808653,4832,4941,5001,0691,9413,8732,7611,5911,4642,6591,5361,9431,1454,6054,193165
649 ------------0000----
66A 2,153---52--1,743----16,93101,7990----
9901 -26,943-65,830-17,6827,9117,64735,225-12,121-18,3543,1882,48810,943-14,01614,202-49,41052,754-30,31034,49548,223276,45958,727
75/76B 16663081,11483--1,2501,2511,2991,2501,6351,542105,6154502,9541,246-
75 16663081,11483--1,2501,2511,2991,2501,6351,542105,6154502,9541,246-
65/66B 5,5184,4015,9814,5045,2736,7352,9393,7725,6681,480962621,5532,2495,9522,2852,0932,8131,646585
65 5,5184,4015,9814,5045,2736,7352,9393,7725,6681,369962621,5532,2495,9522,2852,0932,8131,646585
66B ---------110----------
9903 -32,445-70,165-23,3554,5212,45628,490-15,061-20,876-1,2292,30712,097-12,643-2,740-51,11648,905-26,98132,85248,364285,97658,142
67/77 2173611942,0332,964-34,791--2,2333,5380209-1,74714,956-5,3566,35412,185105,67618,114
9904 -32,662-70,525-23,5492,488-50828,490-49,851-20,876-1,229748,559-12,643-2,949-49,36933,950-21,62426,49836,179180,30040,028
789 ------------0000----
689 ------------0000----
9905 -32,662-70,525-23,5492,488-50828,490-49,851-20,876-1,229748,559-12,643-2,949-49,36933,950-21,62426,49836,179180,30040,028
Appropriation of the result
9906 -3,66628,99699,521123,070120,582152,404123,914173,766194,642193,637193,563185,004197,647200,596249,965316,015337,639311,141274,96294,662
14P 28,99699,521123,070120,582121,090---------------
791/2 ------------0000----
691/2 ------------0000----
691 ------------0000----
6920 ------------0000----
6921 ------------0000----
694/7 ------------000100,000----
694 ------------000100,000----
695 ------------0000----
Social balance sheet
9087 11---0.5110.80.5----------
Hours worked1013 756-------1,295980----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464240.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00464240 PDF
31-12-2024 micro format 29-08-2025 2025-00472630 PDF
31-12-2023 full format 05-11-2024 2024-00527786 PDF
31-12-2022 micro format 09-10-2023 2023-00478696 PDF
31-12-2021 micro format 31-03-2023 2023-00050586 PDF
31-12-2020 micro format 25-11-2021 2021-78300024 PDF
31-12-2019 micro format 04-11-2020 2020-68600235 PDF
31-12-2018 micro format 31-08-2019 2019-62500425 PDF
31-12-2017 micro format 31-08-2018 2018-61100273 PDF
31-12-2016 micro format 31-08-2017 2017-59900441 PDF
31-12-2015 full format 30-10-2016 2016-67500333 PDF
31-12-2014 full format 30-09-2015 2015-63800425 PDF
31-12-2013 full format 13-10-2014 2014-64700268 PDF
31-12-2012 full format 27-01-2014 2014-01500444 PDF
31-12-2011 full format 31-08-2012 2012-55100497 PDF
31-12-2010 full format 26-08-2011 2011-48000280 PDF
31-12-2009 full format 30-07-2010 2010-37300272 PDF
31-12-2008 full format 31-08-2009 2009-67600370 PDF
31-12-2007 full format 29-08-2008 2008-70100092 PDF
31-12-2006 full format 31-08-2007 2007-66300310 PDF
31-12-2005 full format 22-12-2006 2006-93002025 PDF
31-12-2004 full format 08-12-2006 2006-90001684 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
8,957-24,67819,49249,23050,12574,05024,04615,13933,43139,89320,079-4,28924,041-36,61774,2034,96866,04777,608301,89872,015
3,238-29,37413,62543,80741,97067,316-13,68412,61629,01537,47917,695-2,9166,890-36,57755,39913,65458,05065,564205,73953,316
3,21617,88092,22116,67519,18769,21118,78042,792127,782146,30212,9337,2079,04313,76610,14415,76921,95818,31179,8377,875
-7,74823,338-47,9971,32420,9452,457-15,24510,232-50,3694,97032,998-35,588-27,584-18,47874,829-48,163-70,220-35,730163,013-
-60,758-49,86910,43753,79435,65319,96732,79154,96265,173148,063140,844129,936196,205198,872249,362192,626296,477267,960228,77985,492
--------------9.1%-6.1%8.1%36.4%14.1%
6.6%16.7%32.9%40.2%34.7%48.6%41.1%35.7%42.1%52.9%66.3%66.1%81.4%45.9%43.3%42.2%68.8%59.3%57.9%63.5%
0.640.701.071.351.181.201.291.251.392.982.302.234.931.761.711.602.842.232.162.29
14.074.982.041.491.881.061.431.801.370.890.510.510.231.181.311.370.450.690.730.57
-194.5%-142.6%-19.6%1.7%-0.4%16.5%-34.5%-10.7%-0.6%0.0%4.0%-6.2%-1.4%-22.3%12.6%-9.1%7.4%10.9%61.0%34.8%
-12.9%-23.9%-6.5%0.7%-0.1%8.0%-14.2%-3.8%-0.2%0.0%2.7%-4.1%-1.1%-10.2%5.4%-3.9%5.1%6.5%35.3%22.1%
1.62-5.613.2610.939.51---------------
--------------243 days-95 days90 days35 days23 days
--------------211 days-92 days91 days44 days27 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-2024
Employees at the balance-sheet date11
full-time01
part-time10
in full-time equivalents0.41
0.4-
On a permanent contract11
Joined0-
Left0-

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,216€17,807€92,221€16,675€19,187
Financial fixed assets€0€74---
€35,901€41,152€37,174€41,319€42,478

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FLOW STUDIO

The operating result for 2025 is a loss of €26,943, smaller than the loss of €65,830 in 2024.

Debt's share of the balance-sheet total rises from 83.3% to 93.4%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2019
VEREECKEN, Olivier Michel Jean Ghislain
Director (not named in the articles)
current term since 13-08-2023 term without a fixed end
earlier manager, until 31-05-2019
listed in the 2025 annual accounts, filed on 31-08-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VEREECKEN, Olivier Michel Jean Ghislain
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • VEREECKEN, Olivier Michel Jean Ghislain
    • Director (not named in the articles), from 07-07-2003 to date
    • Manager, until 31-05-2019

See the board, name and registered office on a given date →

Control

Shareholders
VEREECKEN, Olivier Michel Jean Ghislain, de FOOZ, Audrey
This company
FLOW STUDIO
Equity €16,794
Loss €32,662 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 31-05-2019 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié charge cédant et moitié charge acquéreurs proportionnellement nombre actions acquises, moitié au moins actionnaires”

Shareholders

Stated in the deed deed of 31-05-2019 ↗
  • VEREECKEN, Olivier Michel Jean Ghislain 50 shares
  • de FOOZ, Audrey 50 shares

Network & group

No group

FLOW STUDIO has no parent and no holdings in its annual accounts. VEREECKEN, Olivier Michel Jean Ghislain is the only director. FLOW STUDIO shares no director with another company.

Timeline

Timeline

34 events since 2003

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0859858181
Annual accounts 2024 filed PDFmicro format · 29 days late
2024
Weakest financial year net -€70,525 The net result drops to -€70,525, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFfull format · 97 days late
2023
Annual accounts 2022 filed PDFmicro format · 70 days late
Annual accounts 2021 filed PDFmicro format · 243 days late
2022
Back to profit net €2,488 The net result is €2,488, after one loss-making year.
2021
Annual accounts 2020 filed PDFmicro format · 117 days late
2020
Back to profit net €28,490 The net result is €28,490, after 3 loss-making years.
Annual accounts 2019 filed PDFmicro format · 96 days late
2019
Annual accounts 2018 filed PDFmicro format · 31 days late
Change of role: VEREECKEN, Olivier Michel Jean Ghislain, from manager to director“Toutes activités et opérations dans le domaine informatique, à savoir :; L’achat et la vente en gros ou en…” (deed in French) · VEREECKEN, Olivier Michel Jean Ghislain holds 50 shares · de FOOZ, Audrey holds 50 shares · General meeting of 17-05-20198 points ▸

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2017 filed PDFmicro format · 31 days late
2017
Annual accounts 2016 filed PDFmicro format · 31 days late
2016
Annual accounts 2015 filed PDFfull format · 91 days late
2015
Back to profit net €8,559 The net result is €8,559, after 3 loss-making years.
Annual accounts 2014 filed PDFfull format · 61 days late
2014
Annual accounts 2013 filed PDFfull format · 74 days late
Annual accounts 2012 filed PDFfull format · 180 days late
2013
Liquidity more than doubled current ratio 4.93 The current ratio rises from 1.76 to 4.93. Short-term debt falls from €260,367 to €49,900.
2012
Annual accounts 2011 filed PDFfull format · 31 days late
2011
Back to profit net €33,950 The net result is €33,950, after one loss-making year.
Annual accounts 2010 filed PDFfull format · 26 days late
2010
Annual accounts 2009 filed PDFfull format · 1 day before the deadline
2009
Annual accounts 2008 filed PDFfull format · 31 days late
2008
Annual accounts 2007 filed PDFfull format · 29 days late
2007
Highest result from 2006 to 2025 net €180,300 ▲350% The operating result of €276,459 and the net result of €180,300 are both a record.
Equity above €200,000 equity €295,422 ▲157% With a profit in every financial year since 2006, equity grows to €295,422.
Annual accounts 2006 filed PDFfull format · 31 days late
2006
Annual accounts 2005 filed PDFfull format
Annual accounts 2004 filed PDFfull format
2003
Incorporation PDFpublished on 21-08-2003
First establishment Rue de Bruxelles 42, Wavre

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

FLOW STUDIO was incorporated on 13 August 2003.1 Total assets fell from €544,778 in 2018 to €253,153 in 2025 and headcount from 1 to 1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0859.858.181
VAT number
BE 0859.858.181
Peppol ID
0208:0859858181
Legal form
Private limited company
Status
Active, normal situation
Founded
13-08-2003
Financial year
ends on 31 December
Peppol
Reachable since 21-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FLOW STUDIO in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-05-2019 (in French)

Activities

NACEBEL 2025
VAT activities
62200 Computer consultancy and computer facilities management main activity
73110 Advertising agencies
Social security (RSZ) activities
74120 Graphic design and visual communication main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
62020 IT consultancy main activity
73110 Advertising, market research and public relations activities
Social security (RSZ) activities
74103 Other professional, scientific and technical activities main activity
Codes under NACEBEL 2003
72100 main activity
74401
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes activités et opérations dans le domaine informatique, à savoir :; L’achat et la vente en gros ou en détail, la fabrication…”
14 activities
  1. Toutes activités et opérations dans le domaine informatique, à savoir :
  2. L’achat et la vente en gros ou en détail, la fabrication, l’importation, l’exportation, la distribution, l’entretien et la réparation de tous articles et matériel radio-électronique, appareils électriques, appareils hi-fi, vidéo, alarme, enseignes lumineuses, matériel de sonorisation, matériel d’éclairage, matériels et produits logiciels d’informatique de bureautique et de télécommunication, ainsi que tous articles et produits accessoires, connexes, similaires ou analogues quelconques ;
  3. L’exploitation d’une entreprise de publicité comprenant les agences de publicité, les conseils en publicité, les distributeurs de publicité, les techniciens de publicité, les impresarios et les agences de relations publiques ; La conception et la réalisation de campagnes publicitaires pour des tiers en utilisant tous les médias ; la création et le placement de publicités : affiches, panneaux publicitaires, journaux lumineux, enseignes lumineuses au néon, affichage sur les autobus, etcaetera; la conception de textes et de slogans publicitaires (copywriters) ; la conception de films publicitaires ; la conception d’objets publicitaires ; la conception de techniques de publicité visant à toucher le consommateur (marketing direct) au moyen de publicité personnalisée (publipostage), propositions téléphoniques d’achat, etcaetera; la publicité aérienne ;
  4. La Création/conception de moule pour l’injection – dessin/concept 3D, le prototypage, l’injection plastique, l’assemblage-conditionnement, la vente d’injection plastique (sous la marque MOULDINGINJECTION.COM), la vente en ligne et la création d’applications y liées, le recyclage de plastique, le transport des pièces injectées, l’utilisation de tout polymères, et l’embouteillage.
  5. Les travaux d’assèchement de construction (couverture de toitures), les travaux d’étanchéité, les travaux d’isolation thermique, les travaux de revêtement murs et sols, les travaux de carrelage, la restauration et le lavage de bâtiments de façade, les travaux de peinture et de tapissage, les travaux d’électricité du bâtiment, les travaux de petite maçonnerie, les travaux de voirie, et l’horticulture, l’entretien et l’aménagement de parcs et jardins.
  6. L’impression, l’édition, et la vente de fournitures papeteries.
  7. La gestion, dans la plus large acceptation du terme, de son patrimoine mobilier et immobilier, plus précisément sa mise en location et son entretien.
  8. L’activité de conseil en systèmes informatiques comprenant les activités de conseil concernant le type et la configuration du matériel informatique et les applications logicielles : analyse des besoins et des problèmes des utilisateurs et présentation de la solution la mieux adaptée ;
  9. La réalisation de programmes et de logiciels comprenant : l’analyse, la conception, la programmation et éventuellement l’édition de systèmes prêts à l’emploi, y compris les systèmes d’identification automatique de données : le développement, la production, la fourniture et la documentation de logiciels standards ou à la demande ;
  10. Les services de conseil en logiciels ;
  11. Les services d’assistance à la mise en œuvre de logiciels ;
  12. Le traitement de données comprenant : le traitement en continu ou non de données à l’aide, soit du programme du client, soit d’un programme propre à un constructeur : le service de saisie de données, le traitement complet de données ;
  13. La gestion et l’exploitation en continu du matériel informatique appartenant à des tiers ;
  14. L’activité de banque de données comprenant la création de banques de données par l’assemblage et l’interprétation éventuelle de données provenant d’une ou plusieurs sources : horaires, catalogues, industriels, données scientifiques, information financière, fichiers d’adresses, etcaetera;
deed of 31-05-2019 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Rue de Bruxelles 42 registered office 1300 Wavre 46900 Non-specialised wholesale trade 30-07-2003 2.132.655.361 Trader

Buildings and parcels at the address

Ground area
539 m²
Buildings
112 m²
Volume, LiDAR
1,415 m³
Tallest building
15.3 m
Buildings to scale, each on its own parcel
112 m², 15.3 m 112 m², 15.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
25112M0400/00D002539 m² 1 · 112 m² 15.3 m · 4

Recognitions

Food safety, FASFC

1 site
Wavreunit number 2.132.655.361
1 permission
Trader · since 01-01-2022

Source: FAVV-AFSCA, open data, updated on 02-11-2026

Contact

E-mail Olivier@flow-studio.be

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