FLOWABILITY
InactiveFLOWABILITY was declared bankrupt on 06-01-2025 (Tribunal de l’entreprise francophone de Bruxelles). The bankruptcy was closed by liquidation by judgment of 31-03-2026, published in the Belgian Official Gazette on 28-04-2026.
Summary
Inactive. The last annual accounts are for financial year 2023.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 29-10-2018 · bankruptcy closed on 31-03-2026
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2023
- Gross margin
- -€377,777
- ▲ 18.8%
- Loss
- €441,059
- ▼ 6.1%
- Equity
- -€447,300
- ▼ 7,067%
- Total assets
- €239,276
- ▼ 44.6%
- Staff
- ≈ 0.9 FTE
- estimated
Turnover not published (micro format)
Financials
Financials · financial year 2023, micro format
Annual accounts 2023 filed on 02-07-2024 PDF all 5 filings
Equity
-€447,300▼ 7,067%
2022 · -€6,241
Total assets
€239,276▼ 44.6%
2022 · €431,656
Net result
-€441,059▲ 6.1%
2022 · -€469,621
Working capital
-€449,396▼ 4,775%
2022 · -€9,219
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
-€438,895
▲ 6.4%
2023
20192023
Net result
-€441,059
▲ 6.1%
2023
20192023
Equity
-€447,300
▼ 7,067%
2023
20192023
Total assets
€239,276
▼ 44.6%
2023
20192023
Debt
€686,576
▲ 56.8%
2023
20192023
Working capital
-€449,396
▼ 4,775%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€584--€36,766▼ 6,196%-€189,394▼ 415%-€469,144▼ 148%-€438,895▲ 6.4%
Net result-€673--€37,014▼ 5,400%-€190,033▼ 413%-€469,621▼ 147%-€441,059▲ 6.1%
Equity€5,527-€210,913▲ 38×€20,880▼ 90.1%-€6,241-€447,300▼ 7,067%
Total assets€19,011-€339,883▲ 18×€180,767▼ 46.8%€431,656▲ 139%€239,276▼ 44.6%
Debt€13,484-€128,970▲ 856%€159,887▲ 24.0%€437,897▲ 174%€686,576▲ 56.8%
Working capital€2,210-€206,171▲ 93×€16,720▼ 91.9%-€9,219-€449,396▼ 4,775%
The operating result for 2023 is a loss of €438,895, smaller than the loss of €469,144 in 2022.
Large changes and their cause
- 2022 Total assets +139% on 2021. Capital increase of €175,000 (Official Gazette 28-10-2022). Capital increase of €267,500 (Official Gazette 28-10-2022).
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €238,862
Fixed assets
€2,471 ▲ 13.1%
Current assets
€236,391 ▼ 44.9%
Equity and liabilities
Equity-€447,300
Debt€686,576
Equity is negative. Debt (€686,576) exceeds the balance-sheet total (€239,276).
Key figures and ratios
EBITDA
-€437,726▲
2022 · -€467,962
Cash flow
-€439,890▲
2022 · -€468,439
Solvency
-186.9%▼
2022 · -1.4%
Current ratio
0.34▼
2022 · 0.98
Quick ratio
0.29▼
2022 · 0.79
ROA
-184.3%▼
2022 · -108.8%
Interest coverage
-199.87▲
2022 · -860.22
Debt ≤ 1 year
€685,787▲
2022 · €437,897
Staff costs
€28,012▲
2022 · €1,311
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €1,676 |
| Financial fixed assets | €600 | - | - |
| Depreciation and write-downs of the year | €1,182 | €1,182 | €1,169 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,311 | €28,012 | ▲ 21× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193 | €976 | €1,182 | €1,182 | €1,169 | ▼ 1.1% |
| Other operating charges640/8 | - | - | €168 | €1,412 | €31,937 | ▲ 23× |
| Gross operating margin9900 | -€391 | -€35,790 | -€188,044 | -€465,239 | -€377,777 | ▲ 18.8% |
| Operating profit (loss)9901 | -€584 | -€36,766 | -€189,394 | -€469,144 | -€438,895 | ▲ 6.4% |
| Financial income75/76B | - | - | - | €67 | €26 | ▼ 61.2% |
| Recurring financial income75 | - | €1 | - | €67 | €26 | ▼ 61.2% |
| Financial charges65/66B | - | - | €639 | €544 | €2,190 | ▲ 303% |
| Recurring financial charges65 | €89 | €249 | €639 | €544 | €2,190 | ▲ 303% |
| Profit (loss) for the period before taxes9903 | -€673 | -€37,014 | -€190,033 | -€469,621 | -€441,059 | ▲ 6.1% |
| Profit (loss) for the period9904 | -€673 | -€37,014 | -€190,033 | -€469,621 | -€441,059 | ▲ 6.1% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €93,362 | - |
| Profit (loss) for the period to be appropriated9905 | -€673 | -€37,014 | -€190,033 | -€469,621 | -€534,421 | ▼ 13.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.02m | €0.3m | €0.2m | €0.4m | €0.2m | ▼ 44.6% |
| Formation expenses20 | €477 | €0.002m | €0.001m | €0.001m | €414 | ▼ 47.9% |
| Fixed assets21/28 | €0.003m | €0.003m | €0.003m | €0.002m | €0.002m | ▲ 13.1% |
| Tangible fixed assets22/27 | €0.003m | €0.003m | €0.002m | €0.002m | €0.002m | ▲ 56.0% |
| Furniture and vehicles24 | - | - | €0.002m | €0.002m | €0.002m | ▲ 56.0% |
| Financial fixed assets28 | - | - | €0.001m | €0.001m | - | - |
| Current assets29/58 | €0.02m | €0.3m | €0.2m | €0.4m | €0.2m | ▼ 44.9% |
| Stocks and contracts in progress3 | - | - | - | €0.08m | €0.04m | ▼ 54.8% |
| Stocks30/36 | - | - | - | €0.08m | €0.04m | ▼ 54.8% |
| Amounts receivable within one year40/41 | €0.003m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 3.5% |
| Trade receivables40 | - | - | €0.02m | €0.009m | €0.004m | ▼ 50.6% |
| Other amounts receivable41 | - | - | €0.08m | €0.1m | €0.1m | ▲ 0.6% |
| Cash at bank and in hand54/58 | €0.01m | €0.3m | €0.08m | €0.2m | €0.09m | ▼ 61.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.02m | €0.3m | €0.2m | €0.4m | €0.2m | ▼ 44.6% |
| Equity10/15 | €0.006m | €0.2m | €0.02m | -€0.006m | -€0.4m | ▼ 7,067% |
| Contributions10/11 | €0.006m | €0.2m | €0.2m | €0.7m | €0.7m | = |
| Capital10 | - | - | €0.2m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | €0.2m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | -€0.001m | -€0.04m | -€0.2m | -€0.7m | -€1.2m | ▼ 76.6% |
| Investment grants15 | - | - | - | - | €0.09m | - |
| Amounts payable17/49 | €0.01m | €0.1m | €0.2m | €0.4m | €0.7m | ▲ 56.8% |
| Amounts payable within one year42/48 | €0.01m | €0.1m | €0.2m | €0.4m | €0.7m | ▲ 56.6% |
| Financial debts43 | - | - | €0.04m | €0.05m | €0.06m | ▲ 30.1% |
| Credit institutions430/8 | - | - | - | €0.05m | - | - |
| Other loans439 | - | - | €0.04m | - | €0.06m | - |
| Trade debts44 | €0.01m | €0.1m | €0.1m | €0.4m | €0.3m | ▼ 18.8% |
| Suppliers440/4 | - | - | €0.1m | €0.4m | €0.3m | ▼ 18.8% |
| Advances received on contracts in progress46 | - | - | - | €0.002m | - | - |
| Taxes, remuneration and social security45 | - | - | €0.008m | €0.006m | €0.02m | ▲ 234% |
| Taxes450/3 | - | - | €0.008m | €0.006m | €0.02m | ▲ 208% |
| Remuneration and social security454/9 | - | - | - | €39 | €0.002m | ▲ 43× |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.3m | ▲ 72× |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€673 | -€37,014 | -€190,033 | -€469,621 | -€441,059 | ▲ 6.1% |
| + Depreciation and write-downs630 | €193 | €976 | €1,182 | €1,182 | €1,169 | ▼ 1.1% |
| Operating cash flow (approximation) | -€480 | -€36,038 | -€188,851 | -€468,439 | -€439,890 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | -€1,284 | -€1,000 | -€400 | -€1,456 | ▼ 264% |
| Change in cash | - | €271,051 | -€205,052 | €154,564 | -€142,906 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 02-07-2024 | 2024-00214857 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00364359 | |
| 31-12-2021 | micro format | 27-08-2022 | 2022-20353223 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65200339 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77900196 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Guy Kelder Place Guy D’Arezzo 18, 1180 Uccle |
06-01-2025 → 31-03-2026 |
Owners and capital
Capital transactions
Capital over time
- 28-10-2022 Capital increase of €175,000 · to €423,600 · 218,750 new shares · in kind
- 28-10-2022 Capital increase of €267,500 · to €691,100 · 267,500 new shares at €1 per share · in cash
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
2026
28-04
Bankruptcy
Bankruptcy closure (by liquidation)
French-language Enterprise Court of Brussels · judgment of 31-03-2026
2025
10-01
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 06-01-2025
2024
02-07
micro format · 29 days before the deadline
2023
25-08
micro format · 25 days late
2022
31-12
Financial
Weakest financial yearnet -€469,621
The net result drops to -€469,621, the lowest from 2019 to 2023.
28-10
Gazette deed
Capital increaseCapital from €248,600 to €423,600, 218,750 new shares · Capital from €423,600 to €691,100, 267,500 new shares4 points ▸
Gazette deed
Capital increase
Capital from €248,600 to €423,600, 218,750 new shares · Capital from €423,600 to €691,100, 267,500 new shares4 points ▸
- General meeting, 24-10-2022
- Capital increase, €175,000
- Capital increase, €267,500
- Amendment of the articles, 5
- The act holds 8 more points.
27-08
micro format · 27 days late
2021
31-08
micro format · 31 days late
2020
31-12
Financial
Liquidity more than doubledcurrent ratio 2.60
The current ratio rises from 1.16 to 2.60.
31-12
Financial
Equity above €200,000equity €210,913 ▲3,716%
Equity rises from €5,527 to €210,913.
31-12
micro format · 153 days late
2018
29-10
4 publications in the Belgian Official Gazette, the last on 28-04-2026
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
FLOWABILITY is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2023
- Last registered office
- Quai D'aa 1, 1070 Anderlechtas published on 28 October 2022
- Legal form
- Public limited company
- First annual accounts
- financial year 2019