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FLOWOLF

Active Private limited company (pre-2019)founded 2017active for 9 yearsKliniekstraat 104, 9050 GhentKBO/BCE: BE 0680.779.256

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €12,379 (2022)
-€3,074▼ €7,823
lowest -€18,669 (2018)
-€3,632▼ €7,781
peak €8,766 (2017)
-€27,412▼ €3,632
€30,377▲ 10.2%
Board1 name since 2017
1 directorGEENS Naomi
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €4,749 to -€3,074Loss of €3,632Equity from -€23,780 to -€27,412

Key points

from the 2025 annual accounts

Equity

-€27,412
202020212022202320242025

Debts exceed assets in financial year 2025.

Filings

9 annual accounts since 2017
AprilJune31 JulyOctober20202025

The last five annual accounts were filed 31 to 37 days before the end of the period.

Position in the sector

-924.5%

Lower solvency than 95% of companies in other professional activities. Sector median 49.8% · 4,365 companies.

Turnover not published (micro format)

Checked score

53
Fair
Financially stronger than 13% of micro companies in other professional activities (NACE 74)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 5,431 companies (NACE 74, micro).

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.3%▼ -0.3 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.3 percentage points vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026

Financial strength
Weak

0=equity -924.5% of total assets
22-2short-term debt 1024.5% · cash 17.6%
0-100return on assets -122.5%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€27,412
Loss of €3,632 (financial year 2025)
lowers risk
Size: total assets €2,965
Sector: Other professional, scientific and technical activities (NACE 74)
Calculation

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 74, micro). It does better than 5% of them on solvency, 12% on liquidity, 7% on profitability and 27% on growth.

The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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).

Comparable companies, two years later

In July 2024, 6,008 companies had the same profile as FLOWOLF has now. Each dot stands for 16 companies, two years later.

83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.8% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of FLOWOLF itself is lower: 0.6% within 12 months. It rests on far more data about FLOWOLF than the profile alone.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,008 companies, not a prediction for FLOWOLF. 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.

Credit verdict

No credit on open account

The balance sheet total is too small for a liquidity verdict. Equity is negative.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2,965
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€27,412
NBB · annual accounts
lowers risk · Sector: Other professional, scientific and technical activities (NACE 74)
KBO
raises risk · Loss of €3,632 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€27,412
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 24-06-2026, 37 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
37 days early
2024
31 days early
2023
33 days early
2022
35 days early
2021
34 days early
2020
31 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GN
Manager, since 06-09-2017
  • GEENS Naomi founderdeed of 08-09-2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0680779256
Incorporation Founder: GEENS Naomi · Founding capital of €18,600, 186 shares, €12,400 paid up · Appointment: GEENS Naomi (manager) · published on 08-09-2017 · Gazette deed
First establishment BVBA FLOWOLF, Kliniekstraat 104, Ghent
All 15 events

Comparable companies

same main activity, similar in size and age
Company
FLOWOLF Ghent €2,965 -€3,074 -924.5% -
DWijs Lede €5,142 -€2,135 -64.7% -
3DVK Nijlen €2,289 €2,207 -495.3% -
CECI Kalmthout €4,638 €2,192 -285.7% -
CATO OYEN Antwerp €5,179 -€4,206 10.8% -
RIGHO Oudenaarde €7,509 -€6,824 -430.3% -
SEPTANDSET Assesse €6,030 €371 -1801.5% -

These companies have the same main activity as FLOWOLF: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €2,290 and €7,510, founded between 2013 and 2021.

Official details

Source: KBO
Status
Active since 06-09-2017Normal situation
Activity
Graphic design and visual communicationNACE 74120and 6 others
Establishment unit
2.268.148.1299050 Ghent, since 06-09-2017
Financial year end
31 December
Peppol
Reachable since 18-08-2025
Company details

Annual accounts 2025

-€3,074
€3,632
-€27,412▼ 15.3%
€2,965▼ 21.7%
Filing
Filed on 24-06-2026, 37 days before the end of the filing period
Financials

Insights on FLOWOLF

FLOWOLF files the micro format. That format states no turnover. The gross margin rose from -€3,633 in 2017 to -€3,074 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 24-06-2026, 37 days before the deadline
-€3,074
▼ €7,823
-€3,468
▼ €7,827
-€3,632
▼ €7,781
-€27,412
▼ €3,632
-
-

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €2,965 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-

Higher than 6% of 3,338 companies in 2022.

-

Higher than 10% of 3,236 companies in 2022.

-

Higher than 95% of 3,256 companies in 2022.

FLOWOLF Middle half of the sector 80% of the sector Micro accounts in other professional activities (NACE 74)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 2,9653,7874,64910,4864,9218,6669,84310,72711,303
29/58 2,9653,7874,64910,4864,9218,6669,84310,72711,303
3 2,3582,5272,8753,18764205292--
30/36 2,3582,5272,8753,18764205292--
40/41 853749743,3671,8968,1079,0999,089417
40 -09443,2231,7764,20302,089363
41 85374301441203,9049,0997,00054
50/53 --------10,886
54/58 5227236363,9045593544531,638-
490/1 0163163292,401----
Balance sheet: equity and liabilities
10/49 2,9653,7874,64910,4864,9218,6669,84310,72711,303
10/15 -27,412-23,780-27,929-11,850-23,584-20,330-11,526-9,9038,766
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,400
100 ------18,60018,60018,600
101 ------6,2006,2006,200
14 -39,812-36,180-40,329-24,250-35,984-32,730-23,926-22,303-3,634
17/49 30,37727,56732,57722,33628,50528,99621,36920,6302,537
42/48 30,37727,56732,57722,33627,46128,99621,36920,6302,537
43 0309199391,535759289775
430/8 0309199391,535759289775
44 9524,3723,6312,0291,895941,666287324
440/4 9524,3723,6312,0291,895941,666287324
45 -03461,5077421,3791,2561,187294
450/3 -03461,5077421,3791,2561,187294
47/48 29,42523,16527,68217,86123,28927,44718,35518,2591,844
492/3 ---01,044----
Income statement
9900 -3,0744,749-1,20912,379-6,650-8,639-1,834-18,399-3,633
640/8 3943913823726711190263-
9901 -3,4684,359-1,59112,007-7,321-8,758-1,834-18,662-3,633
75/76B 10010411286--
75 10010411286--
65/66B 165210288283160577572
65 165210288283160577572
9903 -3,6324,149-1,87911,734-7,478-8,804-1,622-18,669-3,634
67/77 00-------
9904 -3,6324,149-1,87911,734-7,478-8,804-1,622-18,669-3,634
9905 -3,6324,149-1,87911,734-7,478-8,804-1,622-18,669-3,634
Appropriation of the result
9906 -39,812-36,180-40,329-24,250-35,984-32,730-23,926-22,303-3,634
14P -36,180-40,329-38,450-35,984-28,506----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 24-06-2026 2026-00191244 PDF
31-12-2024 micro format 30-06-2025 2025-00196254 PDF
31-12-2023 micro format 28-06-2024 2024-00176833 PDF
31-12-2022 micro format 26-06-2023 2023-00155064 PDF
31-12-2021 micro format 27-06-2022 2022-20094955 PDF
31-12-2020 micro format 30-06-2021 2021-29300374 PDF
31-12-2019 micro format 01-07-2020 2020-24800109 PDF
31-12-2018 micro format 09-07-2019 2019-31200353 PDF
31-12-2017 micro format 29-06-2018 2018-25400278 PDF

Subsidies and aid

Flemish government 2022, 2 entries, €1,200 awarded, €1,200 paid

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
-20187-3,2683,345206-99-1,185--
-27,412-23,780-27,929-11,850-22,540-20,330-11,526-9,9038,766
----113.0%--234.6%-117.1%-92.3%77.6%
---0.47-0.300.460.524.45
---0.33-0.290.450.524.45
--------0.29
---------41.5%
---111.9%--101.6%-16.5%-174.0%-32.2%

The ratios are withheld because a balance sheet total of €2,965 is too small for a meaningful ratio.

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.

Insights on FLOWOLF

The operating result for 2025 is a loss of €3,468, after a profit of €4,359 in 2024. It is the lowest result since 2021.

Equity is negative. Debt (€30,377) exceeds the balance-sheet total (€2,965).

Board & ownership

Board

1 director, since incorporation
Manager (not named in the articles)
since 06-09-2017 term for the life of the company
listed in the 2025 annual accounts, filed on 24-06-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
GEENS Naomi
Manager (not named in the articles)
Board
Mandates as a list
  • GEENS Naomi
    • Manager (not named in the articles), from 06-09-2017 to date

See the board, name and registered office on a given date →

Control

Founder
This company
FLOWOLF
Equity -€27,412
Loss €3,632 in 2025

Capital

Contribution
€12,400
Source
2025 annual accounts

Articles of association

deed of 08-09-2017 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of June

Founder

At incorporation deed of 08-09-2017 ↗
  • GEENS Naomi sole founder · 100% at incorporation

Network & group

No group

FLOWOLF has no parent and no holdings in its annual accounts. GEENS Naomi is the only director. FLOWOLF shares no director with another company.

At the same address

Kliniekstraat 104, 9050 Ghent · 5 other companies
Heren Loebas
registered office since 02-01-2022 · founded in 2016
total assets €760,172 (2025)
0648.664.833
Debruyckere, Céline (sole trader)
establishment since 18-11-2025
founded in 2025
1030.440.304
Praktijk Stipt.
registered office since 15-08-2024
founded in 2022
0782.874.627
Spirit of Freedom
registered office since 04-10-2007
founded in 2007
0892.527.781
Vereniging van mede-eigenaars Residentie DALA te Gent-Gentbrugge, Kliniekstraat 104
registered office since 17-07-2006
founded in 2006
0882.773.937

Timeline

Timeline

15 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 37 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0680779256
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Back to profit net €4,149 The net result is €4,149, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 35 days before the deadline
2022
Back to profit net €11,734 The net result is €11,734, after 5 loss-making years.
Annual accounts 2021 filed PDFmicro format · 34 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 31 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 30 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 22 days before the deadline
2018
Weakest financial year net -€18,669 The net result drops to -€18,669, the lowest from 2017 to 2025. It recovers the following year.
Annual accounts 2017 filed PDFmicro format · 32 days before the deadline
2017
IncorporationFounder: GEENS Naomi · Founding capital of €18,600, 186 shares, €12,400 paid up · Appointment: GEENS Naomi (manager) · published on 08-09-20174 points ▸
  • Founder, GEENS Naomi
  • Founding capital, €18,600, 186 shares
  • Registered office clause, Kliniekstraat 104/bus 101, Gent, Gentbrugge
  • Director appointment, GEENS Naomi (manager (not named in the articles))
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

First establishment BVBA FLOWOLF, Kliniekstraat 104, Ghent

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 6 September 2017, FLOWOLF was incorporated.1 GEENS Naomi has served as manager since 2017.2 Total assets went from €10,727 in 2018 to €2,965 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0680.779.256
VAT number
BE 0680.779.256
Peppol ID
0208:0680779256
Other Peppol ID
9925:BE0680779256
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
06-09-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of June
deed of 08-09-2017 (in Dutch)
Peppol
Reachable since 18-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
FLOWOLF in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-09-2017 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
74103 Other professional, scientific and technical activities main activity
58190 Publishing activities
85609 Education
86909 Human health activities
90011 Arts creation and performing arts activities
93299 Other amusement and recreation activities
96040 Personal service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Freelance en consultancy opdrachten van alle aard; Optreden als grafisch designer,illustrator,ontwerper en creatieve dienstverlening…”
27 activities
  1. Freelance en consultancy opdrachten van alle aard
  2. Optreden als grafisch designer,illustrator,ontwerper en creatieve dienstverlening
  3. Optreden als fotograaf,redacteur en schrijver
  4. Creatie van muziek- en theaterproducties van alle aard en verspreiding ervan zowel offline als online
  5. Ontwikkelen en verkoop van radio- en tv-programma’s
  6. Uitbaten van een uitgeverij,productie- en mediahuis
  7. Online marketing,webdesign,app development,innoverende technologieën
  8. Handel in social media,domeinnamen,blogging en andere sociale applicaties
  9. Research en ontwikkeling van modellen,materialen,merken,nieuwe producten,filosofieën,theorieën en handelsgoederen
  10. Training en coaching in persoonlijke en professionele groei
  11. Organiseren en geven van opleidingen,trainingen en personal coachings
  12. Uitbaten van business center,co-workingspace,consultancy center
  13. Persoonlijke,holistische en homeopatische dienstverlening
  14. Uitbaten van een coachpraktijk,saunacomplex,meditatiecentrum
  15. Uitbaten van een educatie centrum/(prive)school
  16. Uitbaten van online en offline handelsruimtes,winkels,accommodatie en shops in de breedste zin
  17. Uitbaten van B&B,drank- en eetgelegenheden,mobiele- en marktkramen,verzorgen van catering
  18. Optreden als nationaal en internationaal spreker en deelnemen aan congressen,events en festivals
  19. Organiseren van optredens,congressen,concerten,sportvakanties,fuiven,sportmanifestaties,thema-avonden,trainingen,workshops,evenementen,exposities,kampen,reizen,avontuurlijke activiteiten,ontspanningsvakanties en weekends
  20. Het aannemen van management opdrachten,het waarnemen van mandaten als bestuurder,zaakvoerder of vereffenaar,Het verlenen van dienstprestaties van economische aard,zowel voor eigen rekening als voor rekening van derden
  21. De vennootschap zal bevoegd zijn alle handelingen te verrichten,die daartoe noodzakelijk of nuttig zijn
  22. Het ter beschikking stellen van personeel tegen vergoeding aan natuurlijke en rechtspersonen
  23. Het patrimonium van de vennootschap behouden,beheren en uitbreiden,alle beschikbare middelen beleggen of weder te beleggen
  24. De vennootschap mag belangen nemen,hetzij door deelneming,inbreng of elke andere wijze in alle vennootschappen,ondernemingen,beroepsverenigingen of groeperingen
  25. Het verstrekken van leningen en voorschotten onder eender welke vorm of duur aan verbonden ondernemingen alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen
  26. De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden,borg stellen
  27. De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in verband met haar maatschappelijk doel
deed of 08-09-2017 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
BVBA FLOWOLF registered office Kliniekstraat 104, 9050 Ghent 06-09-2017 2.268.148.129

Buildings and parcels at the address

Ground area
335 m²
Buildings
335 m²
Volume, LiDAR
4,447 m³
Tallest building
16.1 m
Buildings to scale, each on its own parcel
335 m², 16.1 m 335 m², 16.1 m

Location

registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44362B0310/00E007335 m² 1 · 335 m² 16.1 m · 4