Equity
FLOWCREATOR has made a profit in every financial year since 2021.
The dashed line is the sector median: 0.1% across 3,824 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 85, micro). It does better than 52% of them on solvency, 53% on liquidity, 42% on profitability and 48% on growth.
The bankruptcy probability was computed on 05-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 5,047 companies had the same profile as FLOWCREATOR has now. Each dot stands for 13 companies, two years later.
The bankruptcy probability of FLOWCREATOR itself is lower: < 0.1% within 12 months. It rests on far more data about FLOWCREATOR than the profile alone.
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.
| 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 5,047 companies, not a prediction for FLOWCREATOR. 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.
Liquidity is tight, with a current ratio of 1.37 (0.99 in 2024), below the usual 1.5. Short-term debt is 51.5% and cash 32.3% of total assets. 51.5% of the assets are financed with debt and provisions.
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.
The company filed its last 5 accounts on average 31 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| FLOWCREATOR Roeselare | €62,834 | €10,099 | 48.5% | - |
| Inspiration4You Lanaken | €59,917 | €8,677 | 25.6% | - |
| QSME De Haan | €55,655 | €8,334 | 8.0% | - |
| Studio Caspo Hooglede | €56,191 | €9,684 | 10.9% | - |
| Anythink Schaerbeek | €50,534 | €11,930 | 4.0% | - |
| Digital Currency Academy Ghent | €56,543 | €8,844 | 60.5% | - |
| Learn Dutch Online Dilsen-Stokkem | €48,765 | €7,848 | 41.6% | - |
These companies have the same main activity as FLOWCREATOR: other education (NACE 85599). They are comparable in size and age: total assets between €48,800 and €59,900, founded between 2021 and 2023.
FLOWCREATOR files the micro format. That format states no turnover. The gross margin rose from €7,732 in 2021 to €10,099 in 2025.
The balance sheet grew most in 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €37,000. Estimated: probably between €25,000 and €75,000.
Higher than 54% of 2,609 companies in 2025.
Higher than 41% of 2,479 companies in 2025.
Higher than 33% of 2,508 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
Total assets20/58 |
62,834 | 64,499 | 88,283 | 92,556 | 39,472 | |
Fixed assets21/28 |
18,628 | 30,190 | 82,150 | 71,208 | 19,643 | |
Intangible fixed assets21 |
12,997 | 17,057 | 21,116 | - | - | |
Tangible fixed assets22/27 |
5,631 | 13,133 | 61,034 | 71,208 | 19,643 | |
Land and buildings22 |
4,393 | 5,131 | 5,868 | 6,605 | 5,958 | |
Furniture and vehicles24 |
1,238 | 8,003 | 3,880 | 3,551 | 4,544 | |
Leasing and similar rights25 |
- | 0 | 51,286 | 61,052 | 9,141 | |
Current assets29/58 |
44,206 | 34,309 | 6,133 | 21,348 | 19,829 | |
Amounts receivable within one year40/41 |
23,193 | 1,393 | 5,891 | 4,904 | 10,555 | |
Trade receivables40 |
16,830 | 1,320 | 5,070 | 4,075 | 9,668 | |
Other amounts receivable41 |
6,363 | 73 | 821 | 829 | 887 | |
Cash at bank and in hand54/58 |
20,311 | 31,908 | 241 | 9,815 | 8,214 | |
Deferred charges and accrued income490/1 |
702 | 1,008 | 0 | 6,629 | 1,061 | |
| Balance sheet: equity and liabilities | ||||||
Total equity and liabilities10/49 |
62,834 | 64,499 | 88,283 | 92,556 | 39,472 | |
Equity10/15 |
30,485 | 29,801 | 16,725 | 13,688 | 13,037 | |
Contributions10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
Reserves13 |
20,485 | 19,801 | 6,725 | 3,688 | 3,037 | |
Distributable reserves133 |
20,485 | 19,801 | 6,725 | 3,688 | 3,037 | |
Amounts payable17/49 |
32,349 | 34,698 | 71,557 | 78,868 | 26,435 | |
Amounts payable after more than one year17 |
- | 0 | 30,415 | 41,270 | 7,070 | |
Financial debts170/4 |
- | 0 | 30,415 | 41,270 | 7,070 | |
Amounts payable within one year42/48 |
32,349 | 34,698 | 41,143 | 37,598 | 19,289 | |
Current portion of amounts payable after more than one year42 |
- | 0 | 10,855 | 12,876 | 4,887 | |
Financial debts43 |
2,860 | - | - | - | - | |
Credit institutions430/8 |
2,860 | - | - | - | - | |
Trade debts44 |
1,549 | 1,020 | 2,983 | 8,069 | 2,305 | |
Suppliers440/4 |
1,549 | 1,020 | 2,983 | 8,069 | 2,305 | |
Taxes, remuneration and social security45 |
8,387 | 7,514 | 867 | 232 | 2,852 | |
Taxes450/3 |
8,387 | 6,014 | 867 | 232 | 1,852 | |
Remuneration and social security454/9 |
0 | 1,500 | - | 0 | 1,000 | |
Other amounts payable47/48 |
19,552 | 26,164 | 26,437 | 16,420 | 9,244 | |
Accrued charges and deferred income492/3 |
- | - | - | 0 | 76 | |
| Income statement | ||||||
Non-recurring operating income76A |
60 | - | - | - | - | |
Gross operating margin9900 |
10,099 | 30,554 | 18,377 | 5,828 | 7,732 | |
Remuneration, social security and pensions62 |
350 | 390 | - | - | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
6,118 | 9,192 | 11,948 | 3,846 | 1,585 | |
Other operating charges640/8 |
627 | 681 | 1,179 | 626 | 1,081 | |
Non-recurring operating charges66A |
0 | 943 | - | - | - | |
Operating profit (loss)9901 |
3,004 | 19,349 | 5,249 | 1,355 | 5,066 | |
Financial income75/76B |
32 | 12 | 11 | 63 | 3 | |
Recurring financial income75 |
32 | 12 | 11 | 63 | 3 | |
Financial charges65/66B |
214 | 2,038 | 2,042 | 589 | 429 | |
Recurring financial charges65 |
214 | 2,038 | 2,042 | 589 | 429 | |
Profit (loss) for the period before taxes9903 |
2,822 | 17,324 | 3,219 | 830 | 4,640 | |
Income taxes67/77 |
2,137 | 4,248 | 182 | 179 | 1,603 | |
Profit (loss) for the period9904 |
684 | 13,076 | 3,037 | 651 | 3,037 | |
Profit (loss) for the period to be appropriated9905 |
684 | 13,076 | 3,037 | 651 | 3,037 | |
| Appropriation of the result | ||||||
Profit (loss) to be appropriated9906 |
684 | 13,076 | 3,037 | 651 | 3,037 | |
Transfer to equity691/2 |
684 | 13,076 | 3,037 | 651 | 3,037 | |
To other reserves6921 |
684 | 13,076 | 3,037 | 651 | 3,037 | |
| Document | ||||||
The notes to these accounts have 9 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 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00381805 | |
| 31-12-2024 | micro format | 03-03-2025 | 2025-00046229 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00187552 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00357671 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20271677 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €119 |
| 2022 | 1 | €779 | €660 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EBITDA | 9,121 | 28,541 | 17,197 | 5,202 | 6,651 | |
| Cash flow | 6,802 | 22,268 | 14,985 | 4,497 | 4,622 | |
| Investment in fixed assets (approximation) | -5,444 | 3,440 | 22,890 | 55,411 | 21,229 | |
| Change in cash | -11,597 | 31,666 | -9,574 | 1,601 | - | |
| Working capital | 11,857 | -389 | -35,010 | -16,250 | 540 | |
| Solvency | 48.5% | 46.2% | 18.9% | 14.8% | 33.0% | |
| Current ratio | 1.37 | 0.99 | 0.15 | 0.57 | 1.03 | |
| Debt to equity | 1.06 | 1.16 | 4.28 | 5.76 | 2.03 | |
| ROE | 2.2% | 43.9% | 18.2% | 4.8% | 23.3% | |
| ROA | 1.1% | 20.3% | 3.4% | 0.7% | 7.7% | |
| Interest coverage | 42.69 | 14.01 | 8.42 | 8.84 | 15.51 |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,440 | €1,636 | €55,411 | €21,229 |
| Intangible fixed assets | - | - | €21,254 | - | - |
| Depreciation and write-downs of the year | €6,118 | €9,192 | €11,948 | €3,846 | €1,585 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 84% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 53.8% to 51.5%. Equity is higher and debt is lower.
FLOWCREATOR has no parent and no holdings in its annual accounts. LAMAIRE Hilde is the only director. FLOWCREATOR shares no director with another company.
| Decorte, Lize (sole trader)
establishment since 23-02-2026 |
founded in 2026 1034.608.928 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Iepersestraat 433 registered office 8800 Roeselare | 29-06-2021 | 2.318.818.256 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36503C1132/00A005 | 275 m² | 1 · 106 m² | 8.3 m · 2 |
If something looks wrong or is missing, please tell us.