FLOW XP
ActiveSummary
FLOW XP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,848) and a net result of €1,157. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 2361 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7; short-term debt: 134.3% and cash: 12.2% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-34.3%
Return on assets
21.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2361 sector peers (2025).
NBB · sector comparisonPosition among 2361 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
55 d late
2024
61 d late
2023
426 d late
2022
792 d late
2021
31 d late
2020
23 d early
2019
10 d early
← 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 190 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 September (4 of the last 5 filed years within 366 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1
EBIT margin
-624000.9%
Net result
€1,157▼ 81.2%
2024 · €6,173
Working capital
-€2,148▲ 28.5%
2024 · -€3,005
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1
Operating result€2,524-€4,164-€6,802▼ 63.3%€6,533€2,728▼ 58.2%
Net result€1,029within the sector's middle half-€4,686within the sector's middle half-€7,463below the sector's middle half▼ 59.2%€6,173within the sector's middle half€1,157within the sector's middle half▼ 81.2%
EBIT margin-624000.9%
Equity€3,005within the sector's middle half▲ 52.1%-€1,682within the sector's middle half-€9,145below the sector's middle half▼ 444%-€3,005below the sector's middle half▲ 67.1%-€1,848within the sector's middle half▲ 38.5%
Total assets€15,914below the sector's middle half▲ 177%€17,339below the sector's middle half▲ 9.0%€3,997below the sector's middle half▼ 76.9%€2,000below the sector's middle half▼ 50.0%€5,389below the sector's middle half▲ 169%
Debt€12,909▲ 243%€19,021▲ 47.3%€13,142▼ 30.9%€5,005▼ 61.9%€7,237▲ 44.6%
Working capital-€1,945within the sector's middle half-€4,406within the sector's middle half▼ 127%-€9,644within the sector's middle half▼ 119%-€3,005within the sector's middle half▲ 68.8%-€2,148within the sector's middle half▲ 28.5%
Solvency18.9%within the sector's middle half▼ 15.5pp-9.7%below the sector's middle half▼ 28.6pp-34.3%below the sector's middle half
Current ratio0.85within the sector's middle half▼ 0.280.77within the sector's middle half▼ 0.080.70within the sector's middle half
Return on assets (ROA)6.5%within the sector's middle half▲ 45.9pp-27.0%below the sector's middle half▼ 33.5pp21.5%above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
Assets €5,389
Fixed assets
€300
Current assets
€5,089
Key figures and ratios
Debt to equity
-3.92
Debt ≤ 1 year
€7,237▲
2024 · €5,005
Income taxes
€1,309▲
2024 · €34
Staff costs
€86
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,180 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €86 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,968 | €2,225 | €2,225 | €0 | - | - |
| Other operating charges640/8 | €649 | €1,083 | €821 | €0 | €1,231 | - |
| Gross operating margin9900 | €5,141 | -€856 | -€3,755 | €6,533 | €4,045 | ▼ 38.1% |
| Operating profit (loss)9901 | €2,524 | -€4,164 | -€6,802 | €6,533 | €2,728 | ▼ 58.2% |
| Financial income75/76B | - | - | €1 | - | €32 | - |
| Recurring financial income75 | - | - | €1 | - | €32 | - |
| Financial charges65/66B | €428 | €348 | €627 | €327 | €293 | ▼ 10.3% |
| Recurring financial charges65 | €428 | €348 | €627 | €327 | €293 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €2,096 | -€4,512 | -€7,427 | €6,206 | €2,467 | ▼ 60.3% |
| Income taxes67/77 | €1,067 | €174 | €36 | €34 | €1,309 | ▲ 3,776% |
| Profit (loss) for the period9904 | €1,029 | -€4,686 | -€7,463 | €6,173 | €1,157 | ▼ 81.2% |
| Profit (loss) for the period to be appropriated9905 | €1,029 | -€4,686 | -€7,463 | €6,173 | €1,157 | ▼ 81.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,914 | €17,339 | €3,997 | €2,000 | €5,389 | ▲ 169% |
| Fixed assets21/28 | €4,950 | €2,725 | €500 | €0 | €300 | - |
| Tangible fixed assets22/27 | €4,950 | €2,725 | €500 | €0 | - | - |
| Furniture and vehicles24 | €4,950 | €2,725 | €500 | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | €300 | - |
| Current assets29/58 | €10,964 | €14,614 | €3,498 | €2,000 | €5,089 | ▲ 154% |
| Amounts receivable within one year40/41 | €4,815 | €3,630 | €30 | €1,350 | €4,431 | ▲ 228% |
| Trade receivables40 | €4,815 | €3,630 | - | - | - | - |
| Other amounts receivable41 | - | - | €30 | €1,350 | €4,431 | ▲ 228% |
| Cash at bank and in hand54/58 | €5,763 | €10,704 | €3,191 | €650 | €659 | ▲ 1.4% |
| Deferred charges and accrued income490/1 | €385 | €281 | €277 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,914 | €17,339 | €3,997 | €2,000 | €5,389 | ▲ 169% |
| Equity10/15 | €3,005 | -€1,682 | -€9,145 | -€3,005 | -€1,848 | ▲ 38.5% |
| Contributions10/11 | €6,233 | €6,233 | €6,233 | €6,200 | €6,200 | = |
| Reserves13 | €171 | €171 | €171 | €171 | €171 | = |
| Non-distributable reserves130/1 | €171 | €171 | €171 | €171 | €171 | = |
| Reserves not available under the articles1311 | €171 | €171 | €171 | €171 | €171 | = |
| Profit (loss) carried forward14 | -€3,400 | -€8,086 | -€15,549 | -€9,376 | -€8,219 | ▲ 12.3% |
| Amounts payable17/49 | €12,909 | €19,021 | €13,142 | €5,005 | €7,237 | ▲ 44.6% |
| Amounts payable within one year42/48 | €12,909 | €19,021 | €13,142 | €5,005 | €7,237 | ▲ 44.6% |
| Trade debts44 | €5,117 | €6,431 | €7,641 | €3,192 | €5,894 | ▲ 84.7% |
| Suppliers440/4 | €5,117 | €6,431 | €7,641 | €3,192 | €5,894 | ▲ 84.7% |
| Taxes, remuneration and social security45 | €2,803 | €5,039 | €168 | €201 | €1,343 | ▲ 567% |
| Taxes450/3 | €2,803 | €5,039 | €168 | €201 | €1,343 | ▲ 567% |
| Other amounts payable47/48 | €4,989 | €7,550 | €5,333 | €1,612 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,029 | -€4,686 | -€7,463 | €6,173 | €1,157 | ▼ 81.2% |
| + Depreciation and write-downs630 | €1,968 | €2,225 | €2,225 | €0 | - | - |
| Operating cash flow (approximation) | €2,997 | -€2,461 | -€5,238 | €6,173 | €1,157 | ▼ 81.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €500 | -€300 | ▼ 160% |
| Change in cash | - | €4,941 | -€7,513 | -€2,541 | €9 | ▲ 100% |
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
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 426 days late
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 792 days late
2024
31-12
Financial
Back to profitnet €6,173
Net result €6,173 after 2 loss-making years.
2023
31-12
Financial
Weakest financial yearnet -€7,463
Net result drops to -€7,463, the lowest in the series; recovery starts the following year.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €1,029
Net result €1,029 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €96
Net result €96 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beersel · 1 establishment unit since 2017
Ground area
949 m²
Building footprint
165 m²
Volume, LiDAR
1,032 m³
2 parcels, Brussels, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GORRION Coaching & Performance
since 20172.260.793.648
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001B0289/00M005 | Flanders | 731 m² | 1 · 89 m² | 7.9 m · 2 fl. |
| 21010A0073/00V006 | Brussels | 218 m² | 1 · 77 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,880 companies in sector 93199 we hold annual accounts for 607. 209 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
Founded25-01-2017
Fiscal year end31-12
Abbreviation FR
GORRION
Activities, NACEBEL 2025
93199Other sports activities
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669982661
Also
9925:BE0669982661
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.