FLOWSEC
ActiveSummary
FLOWSEC has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,343 and a net result of €53,701. Equity is growing by about 2.6% per year across the filed financial years. Its solvency ranks better than 51% of 2,289 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €75,343
- Profit
- €53,701
- HERMO Y GARCIA JuanDirector
- SMISHNA HalynaDirector
Why 96lowers riskLiquidity: current ratio 1.69, cash €68,876Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)Equity €75,343 (56.0% of total assets)Size: total assets €134,488Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 63, micro): better than 52% on solvency, 67% on liquidity, 85% on profitability and 77% on growth.
The bankruptcy probability was computed on 27-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 115 days before the deadline; the sector median (NACE 63) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €53,701 ▲34.2%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is 34% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 63, Computing infrastructure, data processing, hosting and other information service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
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%.
| 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 34,693 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,133 | €12,787 | €17,173 | ▲ 34.3% |
| Other operating charges640/8 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €49,443 | €64,634 | €86,355 | ▲ 33.6% |
| Operating profit (loss)9901 | €36,926 | €51,460 | €68,782 | ▲ 33.7% |
| Financial charges65/66B | €399 | €292 | €215 | ▼ 26.3% |
| Recurring financial charges65 | €399 | €292 | €215 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €36,526 | €51,167 | €68,567 | ▲ 34.0% |
| Income taxes67/77 | €8,074 | €11,153 | €14,866 | ▲ 33.3% |
| Profit (loss) for the period9904 | €28,452 | €40,014 | €53,701 | ▲ 34.2% |
| Profit (loss) for the period to be appropriated9905 | €28,452 | €40,014 | €53,701 | ▲ 34.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €145,389 | €143,018 | €134,488 | ▼ 6.0% |
| Fixed assets21/28 | €36,190 | €46,451 | €34,254 | ▼ 26.3% |
| Tangible fixed assets22/27 | €36,190 | €46,451 | €34,254 | ▼ 26.3% |
| Plant, machinery and equipment23 | €1,424 | €504 | €2,147 | ▲ 326% |
| Furniture and vehicles24 | €34,765 | €45,947 | €29,823 | ▼ 35.1% |
| Other tangible fixed assets26 | - | - | €2,283 | - |
| Current assets29/58 | €109,199 | €96,566 | €100,234 | ▲ 3.8% |
| Amounts receivable within one year40/41 | €38,350 | €12,736 | €29,185 | ▲ 129% |
| Trade receivables40 | €38,350 | €12,736 | €29,051 | ▲ 128% |
| Other amounts receivable41 | - | - | €134 | - |
| Cash at bank and in hand54/58 | €69,973 | €81,848 | €68,876 | ▼ 15.8% |
| Deferred charges and accrued income490/1 | €876 | €1,982 | €2,173 | ▲ 9.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €145,389 | €143,018 | €134,488 | ▼ 6.0% |
| Equity10/15 | €71,627 | €51,642 | €75,343 | ▲ 45.9% |
| Contributions10/11 | €18,500 | €18,500 | €18,500 | = |
| Reserves13 | €4,200 | €4,200 | €4,200 | = |
| Tax-exempt reserves132 | €3,000 | €3,000 | €3,000 | = |
| Distributable reserves133 | €1,200 | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €48,927 | €28,942 | €52,643 | ▲ 81.9% |
| Amounts payable17/49 | €73,761 | €91,376 | €59,146 | ▼ 35.3% |
| Amounts payable after more than one year17 | €20,631 | €9,502 | - | - |
| Financial debts170/4 | €20,631 | €9,502 | - | - |
| Amounts payable within one year42/48 | €53,130 | €81,874 | €59,146 | ▼ 27.8% |
| Current portion of amounts payable after more than one year42 | €10,177 | €11,129 | €10,362 | ▼ 6.9% |
| Trade debts44 | €2,632 | €2,107 | €321 | ▼ 84.8% |
| Suppliers440/4 | €2,632 | €2,107 | €321 | ▼ 84.8% |
| Taxes, remuneration and social security45 | €5,627 | €705 | €7,841 | ▲ 11× |
| Taxes450/3 | €2,478 | €705 | €7,841 | ▲ 11× |
| Remuneration and social security454/9 | €3,149 | - | - | - |
| Other amounts payable47/48 | €34,693 | €67,933 | €40,622 | ▼ 40.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,452 | €40,014 | €53,701 | ▲ 34.2% |
| + Depreciation and write-downs630 | €12,133 | €12,787 | €17,173 | ▲ 34.3% |
| Operating cash flow (approximation) | €40,585 | €52,801 | €70,874 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | -€23,049 | -€4,976 | ▲ 78.4% |
| Change in cash | - | €11,875 | -€12,972 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-03-2026 | 2026-00066223 |
| 31-12-2024 | micro format | 19-05-2025 | 2025-00097560 |
| 31-12-2023 | micro format | 04-03-2024 | 2024-00038253 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €360 awarded · €360 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HERMO Y GARCIA Juan |
|
| SMISHNA Halyna |
|
Owners and capital
Capital and shareholders
- 21-08-2023 Converted to unavailable equity
- 21-08-2023 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-08
Gazette deed
Resignations: HERMO Y GARCIA Juan (manager) and SMISHNA Halyna (manager)Appointments: HERMO Y GARCIA Juan (director) and SMISHNA Halyna (director) · Director discharge · Registered office clause22 facts ▸
- Director resignation, HERMO Y GARCIA Juan (manager)
- Director resignation, SMISHNA Halyna (manager)
- Director discharge, HERMO Y GARCIA Juan
- Director discharge, SMISHNA Halyna
- Director appointment, HERMO Y GARCIA Juan (director)
- Director appointment, SMISHNA Halyna (director)
- Registered office clause, “Groenendaalsesteenweg 13,1560 Hoeilaart” (deed in Dutch)
- Other provision, “Xanti@flowsec.be, website e-mailadres” (deed in Dutch)
- Power of attorney, Jean-Philippe Claesen
- Other provision, “alle beslissingen, stemresultaat” (deed in Dutch)
- General meeting, 02-08-2023
- Other provision, “voorwerp” (deed in Dutch)
- +10 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23033B0757/00S000 | Flanders | 95 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groothandel in computers,randapparatuur en programmatuur,de kleinhandel in computer en…” (deed in Dutch)
4 activities (deed in Dutch)
- Groothandel in computers,randapparatuur en programmatuur,de kleinhandel in computer en standaardprogrammatuur,computeradviesbureau,uitgeverijen van programmatuur,overige advisering in verband met programmatuur en levering van programmatuur,gegevensverwerking,het onderhoud en de reparatie van computers en randapparatuur,overige activiteiten met computers.
- Managementvennootschap,de vennootschap kan bestuurdersmandaten waarnemen in andere vennootschappen.
- De vennootschap kan ook alle bijkomende handelingen stellen die er toe bijdragen het maatschappelijk doel te realiseren.
- Zij kan ook onroerende goederen aankopen,verhuren en verkopen,nodig voor haar eigen exploitatie.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FlowSec
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, onbepaalde duur bij gebrek bepaling” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)“1000, winstverdeling en vereffeningsaldo” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, recht algemene vergadering een of meerdere vereffenaars aan te duiden,bevoegdheden te…” (deed in Dutch)