Flowell International
ActiveFlowell International has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.18M and a net result of €879k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 33% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability44▲+1
Solvency53▼-8
Growth44▲+18
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.32 in 2023; short-term debt: 50.3% and cash: 2.5% of total assets), but 72% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28%
Return on assets
20.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
37 d early
2022
39 d early
2021
38 d early
2020
17 d late
2019
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€4.10M▲ 3.8%
2023 · €3.95M
2018: €5.43M
2019: €4.50M
2020: €4.67M
2021: €3.76M
2022: €4.29M
2023: €3.95M
2018 → 2024
EBIT margin
-1.9%▼ 3.0pp
2023 · 1.1%
2018: 4.0%
2019: -8.8%
2020: 1.1%
2021: -6.3%
2022: -3.1%
2023: 1.1%
2018 → 2024
Net result
€879k
2023 · €-91k
2018: €107k
2019: €-438k
2020: €8k
2021: €-219k
2022: €-138k
2023: €-91k
2018 → 2024
Working capital
€1.76M▲ 185%
2023 · €618k
2018: €-549k
2019: €-523k
2020: €851k
2021: €584k
2022: €624k
2023: €618k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€4.67M-€3.76M▼ 19.7%€4.29M▲ 14.1%€3.95M▼ 7.8%€4.10M▲ 3.8%
Equity€1.99M-€1.77M▼ 11.3%€1.60M▼ 9.5%€1.51M▼ 5.8%€1.18M▼ 21.5%
Operating result€52k-€-237k€-132k▲ 44.2%€43k€-79k
Net result€8k-€-219k€-138k▲ 37.0%€-91k▲ 34.2%€879k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €79k after €43k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.22M
Fixed assets
€338k▼ 80.0%
Current assets
€3.88M▲ 52.8%
Equity and liabilities €4.22M
Equity
€1.18M▼ 21.5%
Provisions
€350k
Debt
€2.69M▼ 1.5%
The debt ratio falls from 64.5% to 63.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€67k▼
2023 · €249k
Cash flow
€1.02M▲
2023 · €115k
Solvency
28.0%▼
2023 · 35.5%
Current ratio
1.83▲
2023 · 1.32
Quick ratio
1.12▲
2023 · 0.54
Debt / equity
2.28▲
2023 · 1.81
ROE
74.3%▲
2023 · -6.0%
ROA
20.8%▲
2023 · -2.1%
Interest coverage
0.93▼
2023 · 3.10
Debt
€2.69M▼
2023 · €2.73M
Debt ≤ 1 year
€2.13M▲
2023 · €1.92M
Debt > 1 year
€564k▼
2023 · €764k
Income taxes
€2k
Staff costs
€1.11M▲
2023 · €1.02M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.24M€4.22M▼
Fixed assets21/28€1.70M€338k▼
Intangible fixed assets21€56k€36k▼
Tangible fixed assets22/27€1.63M€288k▼
Land and buildings22€1.25M€17k▼
Plant, machinery and equipment23€249k€163k▼
Furniture and vehicles24€18k€9k▼
Leasing and similar rights25€120k€100k▼
Financial fixed assets28€7k€14k▲
Current assets29/58€2.54M€3.88M▲
Stocks and contracts in progress3€1.51M€1.50M▼
Stocks30/36€1.51M€1.50M▼
Amounts receivable within one year40/41€907k€1.66M▲
Trade receivables40€596k€1.29M▲
Other amounts receivable41€311k€363k▲
Current investments50/53-€607k
Cash at bank and in hand54/58€71k€107k▲
Deferred charges and accrued income490/1€53k€15k▼
Equity and liabilities
Total equity and liabilities10/49€4.24M€4.22M▼
Equity10/15€1.51M€1.18M▼
Contributions10/11€856k€856k=
Capital10€856k€856k=
Issued capital100€856k€856k=
Revaluation surpluses12€1.20M-
Reserves13€306k€1.36M▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€10k€1.06M▲
Distributable reserves133€271k€271k=
Profit (loss) carried forward14€-858k€-1.03M▼
Investment grants15€1k-
Provisions and deferred taxes16-€350k
Deferred taxes168-€350k
Amounts payable17/49€2.73M€2.69M▼
Amounts payable after more than one year17€764k€564k▼
Financial debts170/4€764k€564k▼
Amounts payable within one year42/48€1.92M€2.13M▲
Current portion of amounts payable after more than one year42€290k€221k▼
Financial debts43€790k€869k▲
Credit institutions430/8€790k€869k▲
Trade debts44€529k€755k▲
Suppliers440/4€529k€755k▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€156k€163k▲
Taxes450/3€57k€58k▲
Remuneration and social security454/9€99k€105k▲
Other amounts payable47/48€155k€118k▼
Accrued charges and deferred income492/3€43k-
Income statement
Code20232024
Turnover70€3.95M€4.10M▲
Goods, raw materials, services and sundry goods60/61€2.64M€2.89M▲
Remuneration, social security and pensions62€1.02M€1.11M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€146k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k-
Other operating charges640/8€19k€33k▲
Gross operating margin9900€1.31M€1.21M▼
Operating profit (loss)9901€43k€-79k▼
Financial income75/76B€10k€1.41M▲
Recurring financial income75€5k€10k▲
Non-recurring financial income76B€5k€1.40M▲
Financial charges65/66B€144k€102k▼
Recurring financial charges65€80k€72k▼
Non-recurring financial charges66B€64k€30k▼
Profit (loss) for the period before taxes9903€-91k€1.23M▲
Transfer to deferred taxes680-€350k
Income taxes67/77-€2k
Profit (loss) for the period9904€-91k€879k▲
Transfer to tax-exempt reserves689-€1.05M
Profit (loss) for the period to be appropriated9905€-91k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-858k€-1.03M▼
Profit (loss) brought forward from the previous period14P€-768k€-858k▼
Social balance
Average headcount (FTE)908713.214.1▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €879k
Net result €879k after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €-438k ▼509%
Net result drops to €-438k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
03-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 34 days late
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Genappe · 1 establishment unit since 1970
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.
Rue de La Roche 71470 GenappeGround area
3,756 m²
Building footprint
1,533 m²
Volume, LiDAR
11,173 m³
Parcel 25013F0003/00R000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de La Roche 7, 1470 Genappe
since 19702.005.206.665
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013F0003/00R000 | Wallonia | 3,756 m² | 1 · 1,533 m² | 9.3 m · 2 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.
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Of 538 companies in sector 46120 we hold annual accounts for 303. 179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-05-1969
Fiscal year end31-12
Activities, NACEBEL
24200Manufacture of basic metals
27220
25999Manufacture of fabricated metal products, except machinery and equipment
46120Wholesale trade
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.