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FlowRa

Active
Private limited companyfounded 2024active for 1 year't Kloosterhof 39, 8200 Brugge, BelgiumKBO/BCE: BE 1015.877.040
Summary

FlowRa has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,766 and a net result of €15,166. Its solvency ranks better than 31% of 39,200 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
≈ €83,000turnover 2025, estimated
Equity
€18,766
Profit
€15,166
Turnover estimated from the gross margin
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 36 days early
Why 95raises riskFounded in 2024lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.30, cash €30,341Size: total assets €59,190Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 70, micro)
Financial strength
Strong
Solvency 57
equity 31.7% of total assets
Liquidity 80
short-term debt 41.3% · cash 51.3%
Profitability 100
return on assets 25.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (48,493 companies, NACE 70, micro)
Last 24 months 12-2025: 0.4% 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026highest value 07-2026: < 0.1%▼ -0.5 percentage points vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.3, above the usual 1.5; short-term debt: 41.3% and cash: 51.3% of total assets), but 68.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 32% on solvency, 72% on liquidity and 84% on profitability.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 2.30, cash €30,341
NBB · annual accounts
lowers risk · Size: total assets €59,190
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
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 25-06-2026, 36 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
36 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointments: DE MEULEMEESTER,Lodewijk Halewijn Ludwig…

Financials · financial year 2025, micro format

Turnover
≈ €83,000
Estimated: probably between €49,000 and €110,000
Total assets
€59,190
Net result
€15,166
Working capital
€31,799

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €59,190
Fixed assets €2,967
Current assets €56,223
Equity and liabilities €59,190
Equity €18,766
Debt €40,424
Debt finances 68.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€26,456
Cash flow
€15,497
Current ratio
2.30
Debt to equity
2.15
ROE
80.8%
ROA
25.6%
Interest coverage
18.39
Debt ≤ 1 year
€24,424
Income taxes
€9,521

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€59,190
Fixed assets21/28€2,967
Tangible fixed assets22/27€2,967
Furniture and vehicles24€2,967
Current assets29/58€56,223
Amounts receivable within one year40/41€23,925
Trade receivables40€23,925
Cash at bank and in hand54/58€30,341
Deferred charges and accrued income490/1€1,957
Equity and liabilities
Total equity and liabilities10/49€59,190
Equity10/15€18,766
Contributions10/11€3,600
Profit (loss) carried forward14€15,166
Amounts payable17/49€40,424
Amounts payable within one year42/48€24,424
Trade debts44€2,603
Suppliers440/4€2,603
Taxes, remuneration and social security45€21,670
Taxes450/3€21,670
Other amounts payable47/48€151
Accrued charges and deferred income492/3€16,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€331
Other operating charges640/8€2,239
Gross operating margin9900€28,695
Operating profit (loss)9901€26,125
Financial charges65/66B€1,439
Recurring financial charges65€1,439
Profit (loss) for the period before taxes9903€24,687
Income taxes67/77€9,521
Profit (loss) for the period9904€15,166
Profit (loss) for the period to be appropriated9905€15,166
Appropriation of the result
Profit (loss) to be appropriated9906€15,166

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€331
Other operating charges640/8€2,239
Gross operating margin9900€28,695
Operating profit (loss)9901€26,125
Financial charges65/66B€1,439
Recurring financial charges65€1,439
Profit (loss) for the period before taxes9903€24,687
Income taxes67/77€9,521
Profit (loss) for the period9904€15,166
Profit (loss) for the period to be appropriated9905€15,166
Line2025
Assets
Total assets20/58€59,190
Fixed assets21/28€2,967
Tangible fixed assets22/27€2,967
Furniture and vehicles24€2,967
Current assets29/58€56,223
Amounts receivable within one year40/41€23,925
Trade receivables40€23,925
Cash at bank and in hand54/58€30,341
Deferred charges and accrued income490/1€1,957
Equity and liabilities
Total equity and liabilities10/49€59,190
Equity10/15€18,766
Contributions10/11€3,600
Profit (loss) carried forward14€15,166
Amounts payable17/49€40,424
Amounts payable within one year42/48€24,424
Trade debts44€2,603
Suppliers440/4€2,603
Taxes, remuneration and social security45€21,670
Taxes450/3€21,670
Other amounts payable47/48€151
Accrued charges and deferred income492/3€16,000
Line2025
Profit (loss) for the period9904€15,166
+ Depreciation and write-downs630€331
Operating cash flow (approximation)€15,497

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 25-06-2026 2026-00196177

Similar companies · same sector, comparable size

Of the 82,511 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,625. 31,678 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2024
DE MEULEMEESTER,Dariia
Niet statutaire opvolgend bestuurder · since 07-11-2024
Current
DE MEULEMEESTER,Lodewijk Halewijn Ludwig
Director (not named in the articles) · since 07-11-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
DE MEULEMEESTER,Dariia
  • Niet statutaire opvolgend bestuurder, from 07-11-2024 to date
DE MEULEMEESTER,Lodewijk Halewijn Ludwig
  • Director (not named in the articles), from 07-11-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 07-11-2024 Incorporation · €3,600 · 3,600 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

FlowRa was incorporated on 5 November 2024 as a private limited company by one natural person, with a starting capital of €3,600.12 The board currently has 2 members; 2 of them have served since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-11-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
25-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
07-11
Gazette deed Incorporation
Appointments: DE MEULEMEESTER,Lodewijk Halewijn Ludwig (director) and DE MEULEMEESTER,Dariia (niet statutaire opvolgend bestuurder) · Founder · Founding capital5 facts ▸
  • Director appointment, DE MEULEMEESTER,Lodewijk Halewijn Ludwig (director (not named in the articles))
  • Director appointment, DE MEULEMEESTER,Dariia (niet statutaire opvolgend bestuurder)
  • Incorporation, 04-11-2024
  • Founder, DE MEULEMEESTER,Lodewijk Halewijn Ludwig (shareholder)
  • Founding capital, €3,600
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded05-11-2024
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
47761Retail sale of flowers, plants, seeds and fertilisers
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015877040
Also 9925:BE1015877040
Registered 21-11-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
397 m²
Building footprint
98 m²
Building volume
414 m³
Parcel 31512B0448/00N000, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
1 establishment unit
FlowRa
't Kloosterhof 39, 8200 BruggeBusiness and other management consultancy
since 2024unit no. 2.365.911.954
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31512B0448/00N000 Flanders 397 m² 1 · 98 m² 7.4 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De aankoop,verkoop,import,export,huur en verhuur,klein- en groothandel,ambulante handel en openbare aanbesteding van alle…” (deed in Dutch)
15 activities (deed in Dutch)
  1. De aankoop,verkoop,import,export,huur en verhuur,klein- en groothandel,ambulante handel en openbare aanbesteding van alle producten,eventueel openbare markten;
  2. Aan- en verkoop,huur en verhuur van decoratieartikelen en bloemen;
  3. Het geven van workshops,spreekbeurten en onderwijs;
  4. Het organiseren van evenementen en aankleden van zalen;
  5. Het verlenen van diensten en adviezen aan personen en bedrijven,in het algemeen met betrekking tot het bedrijfsbeheer,bedrijfseconomische en bedrijfstechnische aangelegenheden,commerciële aangelegenheden,marketing,en al wat daarmede rechtstreeks of onrechtstreeks verband houdt;
  6. Consulting in de ruimste zin van het woord;
  7. Personen-,goederen- en koopwarentransport over land,alle activiteiten met betrekking tot de organisatie en het vervoer te water of in de lucht,alsook het vervoer van geïmporteerde handelsgoederen;
  8. Alle koerier- en postdiensten,alsook het beheer binnen deze domeinen;
  9. Taxidiensten;
  10. Het uitbaten van een car-wash;
  11. Het wassen,poetsen,polieren,simoniseren en het reinigen van het interieur van motorvoertuigen;
  12. E-commerce;
  13. Het optreden als tussenpersoon inzake handel,in de ruimste zin van het woord,waaronder verstaan makelaarsactiviteiten,commissiehandel en handelsagentuur zowel in binnen- als buitenlandse handel;
  14. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen;
  15. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de renovatie,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten.

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
FlowRa
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, 't Kloosterhof 39,8200 Brugge” (deed in Dutch)

deed of 07-11-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, één of meer” (deed in Dutch)

deed of 07-11-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“De gedelegeerden voor het dagelijks bestuur kunnen in het kader van dat bestuur bijzondere volmachten verlenen aan iedere lasthebber…” (deed in Dutch)

deed of 07-11-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Dagelijks bestuur en vertegenwoordiging wat dat bestuur aangaat, dagelijks bestuur” (deed in Dutch)
Other provision: “Toelating tot algemene vergadering-stemrecht, schriftelijke volmacht aan ieder andere persoon door alle middelen van overdracht voor…” (deed in Dutch)
Other provision: “Aanleggen van reserves-winstverdeling, bestuursorgaan mag op eigen verantwoordelijkheid overeenkomstig wettelijke bepalingen voorschotten op…” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura op zelfde wijze verdeeld, bij niet-volgestorte aandelen herstelling door bijkomende volstorting of voorafgaandelijke…” (deed in Dutch)
1 more provision in the deed, see the deed of 07-11-2024

deed of 07-11-2024