Equity
€105,254 ▼ 45.8%
FLOWSTARTERS paid out €134,808 in dividends. That is 294% of the 2025 profit.
FLOWSTARTERS
Lifetime
17 annual accounts with figures on one time axisTurnoverpeak €155,574 (2025)
€155,574▲ 11.9%
Resultpeak €51,389 (2018)
€45,797▲ 33.6%
Equitypeak €234,164 (2022)
€105,254▼ 45.8%
Debts
€157,142▲ 137%
Board1 name since 2023
1 directorKoen De Cnodder
Owners2 names in the annual accounts
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €45,489 to €61,157Result from €34,282 to €45,797Dividend €134,808Equity from €194,265 to €105,254Debts from €66,377 to €157,142Cash from €24,344 to €62,793
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 43% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,544 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025highest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.69, cash €62,793
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: turnover €155,574, total assets €262,396
Figures for financial year 2025 (filed on 12-06-2026)
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 70, micro). It does better than 38% of them on solvency, 31% on liquidity, 63% on profitability and 42% on growth.
The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as FLOWSTARTERS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of FLOWSTARTERS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 34,693 companies, not a prediction for FLOWSTARTERS. 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
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.69 (4.14 in 2024), above the usual 1.5. Short-term debt is 58.2% and cash 23.9% of total assets. However, 59.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
66 days early
2023
61 days early
2022
74 days early
2021
61 days early
2020
81 days early
2019
79 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 68 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 31 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Koen De Cnodder 90%annual accounts 2017
- Peter Clancy 90%annual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899313130
Change of role: Koen De Cnodder, from statutory director to director
General meeting of 24-02-2023 · Gazette deed
First establishment
Molenbaan 9, Vorselaar
Incorporation
published on 28-07-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| FLOWSTARTERS Vorselaar | €262,396 | €61,157 | 40.1% | - |
| ART Holding Oud-Turnhout | €260,437 | €58,518 | 53.6% | - |
| LFMC Willebroek | €266,499 | €58,403 | -138.8% | - |
| JEBRI Kalmthout | €266,040 | €56,010 | 95.6% | - |
| C2IM Schilde | €238,331 | €63,540 | 80.5% | - |
| MAARTEN PROVINCIAEL Bonheiden | €270,922 | €59,906 | 67.6% | - |
| Cato Consulting Brecht | €261,365 | €66,397 | 18.1% | - |
These companies have the same main activity as FLOWSTARTERS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €238,000 and €271,000, founded between 2006 and 2009.
Official details
Source: KBO- Status
- Active since 10-07-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.172.214.0402290 Vorselaar, since 05-08-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 06-03-2026
Annual accounts 2025
- Total assets
- €262,396▲ 0.7%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on FLOWSTARTERS
FLOWSTARTERS has existed since 2008. Turnover grew from €40,656 in 2009 to €155,574 in 2025.
Solvency fell in 2025 from 74.5% to 40.1% because of the dividend.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLOWSTARTERS
- What is the company number of FLOWSTARTERS?
- The company number of FLOWSTARTERS is 0899.313.130. The VAT number is the same number with BE in front: BE 0899.313.130.
- Where is FLOWSTARTERS based?
- The registered office is at Molenbaan 9, 2290 Vorselaar.Company details
- What does FLOWSTARTERS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FLOWSTARTERS?
- FLOWSTARTERS is a private limited company (BV).
- When was FLOWSTARTERS founded?
- FLOWSTARTERS was founded on 10-07-2008.
- Is FLOWSTARTERS still active?
- Yes, FLOWSTARTERS is an active enterprise in the KBO register.
- What is the turnover of FLOWSTARTERS?
- The turnover of FLOWSTARTERS was €155,574 in financial year 2025, according to the filed annual accounts.Financials
- Is FLOWSTARTERS profitable?
- In financial year 2025, FLOWSTARTERS made a profit of €45,797.
- Where can I find the annual accounts of FLOWSTARTERS?
- FLOWSTARTERS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLOWSTARTERS due?
- FLOWSTARTERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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