Flowed
ActiveSummary
Flowed has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-12k. Equity is shrinking by ~28.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 36% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-3
Solvency39▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.76 against 1.25 in 2024; short-term debt: 86.5% and cash: 49% of total assets), and 86.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
13.5%
Return on assets
-29.3%
Age of the figures
9 mo
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 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-12k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
23 d early
2024
162 d early
2023
1 d late
2022
31 d late
2021
2 d late
2020
24 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 79.9%
2024 · €27k
2020: €37k
2021: €75k
2022: €99k
2023: €74k
2024: €27k
2020 → 2025
Total assets
€41k▼ 51.2%
2024 · €84k
2020: €39k
2021: €77k
2022: €139k
2023: €96k
2024: €84k
2020 → 2025
Net result
€-12k▼ 11.0%
2024 · €-11k
2020: €34k
2021: €38k
2022: €24k
2023: €-25k
2024: €-11k
2020 → 2025
Working capital
€-9k
2024 · €13k
2020: €26k
2021: €66k
2022: €86k
2023: €59k
2024: €13k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€99k▲ 31.5%€74k▼ 25.8%€27k▼ 62.7%€6k▼ 79.9%
Operating result€49k-€30k▼ 37.9%€-25k€-10k▲ 61.0%€-11k▼ 18.2%
Net result€38k-€24k▼ 38.3%€-25k€-11k▲ 57.8%€-12k▼ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €10k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€14k ▼ 31.3%
Current assets
€27k ▼ 57.7%
Equity and liabilities €41k
Equity
€6k ▼ 79.9%
Debt
€35k ▼ 37.2%
Debt's share of the balance-sheet total rises from 67.2% to 86.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €-2k
Cash flow
€-5k▼
2024 · €-3k
Current ratio
0.76▼
2024 · 1.25
Debt to equity
6.39▲
2024 · 2.05
ROE
-216.4%▼
2024 · -39.2%
ROA
-29.3%▼
2024 · -12.9%
Interest coverage
-9.29▼
2024 · -2.38
Debt ≤ 1 year
€35k▼
2024 · €50k
Income taxes
€168▼
2024 · €213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€41k▼
Fixed assets21/28€21k€14k▼
Tangible fixed assets22/27€21k€14k▼
Plant, machinery and equipment23€543€756▲
Furniture and vehicles24€14k€9k▼
Other tangible fixed assets26€6k€4k▼
Current assets29/58€63k€27k▼
Amounts receivable within one year40/41€13k€5k▼
Trade receivables40€12k€5k▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€48k€20k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€84k€41k▼
Equity10/15€27k€6k▼
Contributions10/11€3k€3k=
Reserves13€25k€3k▼
Distributable reserves133€25k€3k▼
Amounts payable17/49€56k€35k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€50k€35k▼
Current portion of amounts payable after more than one year42€7k€6k▼
Trade debts44€7k€770▼
Suppliers440/4€7k€770▼
Taxes, remuneration and social security45€213€4k▲
Taxes450/3€213€4k▲
Other amounts payable47/48€35k€25k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-1k€-3k▼
Operating profit (loss)9901€-10k€-11k▼
Financial income75/76B€14€1▼
Recurring financial income75€14€1▼
Financial charges65/66B€975€448▼
Recurring financial charges65€975€448▼
Profit (loss) for the period before taxes9903€-11k€-12k▼
Income taxes67/77€213€168▼
Profit (loss) for the period9904€-11k€-12k▼
Profit (loss) for the period to be appropriated9905€-11k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-12k▼
Transfer from equity791/2€46k€22k▼
Profit to be distributed694/7€35k€10k▼
Return on contributions (dividend)694€35k€10k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-25k ▼207%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Highest result since 2020net €38k ▲11.9%
Operating result €49k, net result €38k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 50.80
Current ratio from 21.98 to 50.80.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jozef Nellenslaan 1118301 Knokke-HeistGround area
363 m²
Building footprint
283 m²
Volume, LiDAR
4,379 m³
Parcel 31338E0181/00A000, Flanders · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Flowed
since 20192.291.109.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31338E0181/00A000 | Flanders | 363 m² | 1 · 283 m² | 22.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 300 EUR awarded · 210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 300 EUR | 210 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 2,141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.