FLOWLISTIC
ActiveSummary
FLOWLISTIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€14,677) and a net result of -€13,263. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.03 against 8.24 in 2024; short-term debt: 19.9% and cash: 91.9% of total assets), but equity is negative.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
-67.9%
Return on assets
-61.3%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€14,677
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 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 · 7 filingsDeviation from the deadline
2025
24 d late
2024
3 d late
2023
on the day
2022
10 d late
2021
14 d late
2020
5 d late
2019
7 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 10 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€14,677▼ 938%
2024 · -€1,414
Total assets
€21,627▼ 37.9%
2024 · €34,812
Net result
-€13,263▲ 38.7%
2024 · -€21,630
Working capital
€17,323▼ 43.4%
2024 · €30,586
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Operating result€5,933▼ 76.0%€6,581▲ 10.9%-€32,614-€21,957▲ 32.7%-€13,250▲ 39.7%
Net result€5,910within the sector's middle half▼ 68.6%€4,911within the sector's middle half▼ 16.9%-€31,819below the sector's middle half-€21,630below the sector's middle half▲ 32.0%-€13,263below the sector's middle half▲ 38.7%
Equity€34,723within the sector's middle half▲ 20.5%€52,034within the sector's middle half▲ 49.9%€20,216below the sector's middle half▼ 61.1%-€1,414below the sector's middle half-€14,677below the sector's middle half▼ 938%
Total assets€84,892within the sector's middle half▼ 9.4%€99,386within the sector's middle half▲ 17.1%€58,744below the sector's middle half▼ 40.9%€34,812below the sector's middle half▼ 40.7%€21,627below the sector's middle half▼ 37.9%
Debt€50,169▼ 22.6%€47,351▼ 5.6%€38,528▼ 18.6%€36,226▼ 6.0%€36,304▲ 0.2%
Working capital€59,296within the sector's middle half▲ 13.3%€81,291within the sector's middle half▲ 37.1%€52,216within the sector's middle half▼ 35.8%€30,586within the sector's middle half▼ 41.4%€17,323within the sector's middle half▼ 43.4%
Solvency40.9%within the sector's middle half▲ 10.1pp52.4%within the sector's middle half▲ 11.5pp34.4%within the sector's middle half▼ 17.9pp-4.1%below the sector's middle half▼ 38.5pp-67.9%below the sector's middle half▼ 63.8pp
Current ratio5.25above the sector's middle half▲ 2.057.58above the sector's middle half▲ 2.339.00above the sector's middle half▲ 1.428.24above the sector's middle half▼ 0.765.03above the sector's middle half▼ 3.21
Return on assets (ROA)7.0%within the sector's middle half▼ 13.1pp4.9%within the sector's middle half▼ 2.0pp-54.2%below the sector's middle half▼ 59.1pp-62.1%below the sector's middle half▼ 8.0pp-61.3%below the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 stays negative: a loss of €13,250 in 2025 against €21,957 in 2024; the loss shrinks.
Key figures and ratios
Debt to equity
-2.47▲
2024 · -25.62
Debt ≤ 1 year
€4,304▲
2024 · €4,226
Debt > 1 year
€32,000=
2024 · €32,000
Income taxes
€147▲
2024 · €146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% 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 6,010 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,917 | €5,917 | €5,743 | - | - | - |
| Other operating charges640/8 | - | €578 | €487 | €560 | €599 | ▲ 7.1% |
| Gross operating margin9900 | €12,026 | €13,075 | -€26,384 | -€21,397 | -€12,651 | ▲ 40.9% |
| Operating profit (loss)9901 | €5,933 | €6,581 | -€32,614 | -€21,957 | -€13,250 | ▲ 39.7% |
| Financial income75/76B | - | €1,352 | €923 | €527 | €184 | ▼ 65.1% |
| Recurring financial income75 | €2,582 | €1,352 | €923 | €527 | €184 | ▼ 65.1% |
| Financial charges65/66B | - | €154 | €5 | €54 | €50 | ▼ 7.2% |
| Recurring financial charges65 | €237 | €154 | €5 | €54 | €50 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €8,278 | €7,779 | -€31,696 | -€21,484 | -€13,116 | ▲ 38.9% |
| Income taxes67/77 | €2,369 | €2,868 | €123 | €146 | €147 | ▲ 1.0% |
| Profit (loss) for the period9904 | €5,910 | €4,911 | -€31,819 | -€21,630 | -€13,263 | ▲ 38.7% |
| Profit (loss) for the period to be appropriated9905 | €5,910 | €4,911 | -€31,819 | -€21,630 | -€13,263 | ▲ 38.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84,892 | €99,386 | €58,744 | €34,812 | €21,627 | ▼ 37.9% |
| Fixed assets21/28 | €11,660 | €5,743 | - | - | - | - |
| Tangible fixed assets22/27 | €11,660 | €5,743 | - | - | - | - |
| Furniture and vehicles24 | - | €5,743 | - | - | - | - |
| Current assets29/58 | €73,233 | €93,643 | €58,744 | €34,812 | €21,627 | ▼ 37.9% |
| Amounts receivable after more than one year29 | - | €19,574 | €6,639 | - | - | - |
| Other amounts receivable291 | - | €19,574 | €6,639 | - | - | - |
| Amounts receivable within one year40/41 | €21,101 | €28,894 | €31,326 | €8,894 | €1,533 | ▼ 82.8% |
| Trade receivables40 | - | €10,350 | €18,202 | €1,408 | €1,482 | ▲ 5.3% |
| Other amounts receivable41 | - | €18,544 | €13,124 | €7,486 | €50 | ▼ 99.3% |
| Cash at bank and in hand54/58 | €19,800 | €44,902 | €14,092 | €23,462 | €19,866 | ▼ 15.3% |
| Deferred charges and accrued income490/1 | - | €273 | €6,687 | €2,456 | €228 | ▼ 90.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84,892 | €99,386 | €58,744 | €34,812 | €21,627 | ▼ 37.9% |
| Equity10/15 | €34,723 | €52,034 | €20,216 | -€1,414 | -€14,677 | ▼ 938% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €28,523 | €33,434 | €1,616 | - | - | - |
| Non-distributable reserves130/1 | - | €191 | €191 | - | - | - |
| Reserves not available under the articles1311 | - | €191 | €191 | - | - | - |
| Distributable reserves133 | - | €33,244 | €1,425 | - | - | - |
| Profit (loss) carried forward14 | €3,626 | - | - | -€20,014 | -€33,277 | ▼ 66.3% |
| Amounts payable17/49 | €50,169 | €47,351 | €38,528 | €36,226 | €36,304 | ▲ 0.2% |
| Amounts payable after more than one year17 | €36,233 | €35,000 | €32,000 | €32,000 | €32,000 | = |
| Other amounts payable178/9 | - | €35,000 | €32,000 | €32,000 | €32,000 | = |
| Amounts payable within one year42/48 | €13,936 | €12,351 | €6,528 | €4,226 | €4,304 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €1,233 | - | - | - | - |
| Trade debts44 | €1,089 | €1,423 | €2,326 | €1,265 | €2,913 | ▲ 130% |
| Suppliers440/4 | - | €1,423 | €2,326 | €1,265 | €2,913 | ▲ 130% |
| Advances received on contracts in progress46 | - | €5,172 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €2,850 | €2,529 | €132 | €128 | ▼ 2.7% |
| Taxes450/3 | - | €2,850 | €648 | €132 | €128 | ▼ 2.7% |
| Remuneration and social security454/9 | - | - | €1,881 | - | - | - |
| Other amounts payable47/48 | - | €1,674 | €1,674 | €2,829 | €1,263 | ▼ 55.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,910 | €4,911 | -€31,819 | -€21,630 | -€13,263 | ▲ 38.7% |
| + Depreciation and write-downs630 | €5,917 | €5,917 | €5,743 | - | - | - |
| Operating cash flow (approximation) | €11,826 | €10,828 | -€26,076 | -€21,630 | -€13,263 | ▲ 38.7% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €25,102 | -€30,810 | €9,371 | -€3,596 | ▼ 138% |
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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€31,819
Net result drops to -€31,819, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-06
Financial
Highest result since 2019net €18,797 ▲392%
Operating result €24,691, net result €18,797, both a record.
30-06
Financial
Liquidity triplescurrent ratio 3.20
Current ratio from 1.22 to 3.20.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Rixensart · 1 establishment unit since 2018
Ground area
147 m²
Building footprint
69 m²
Volume, LiDAR
534 m³
Parcel 25033B1364/00A000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FLOWLISTIC
since 20182.277.900.488
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B1364/00A000 | Wallonia | 147 m² | 1 · 69 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 82,646 companies in sector 70200 we hold annual accounts for 52,627. 30,656 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
Founded02-07-2018
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699496395
Registered
02-10-2025
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.